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Dave Davis

04/04/05 5:22 PM

#100857 RE: badgerkid #100855

From the Form 4, it looks like Howard had a 'window' to exercise these options between 3/31/05 and 5/30/05.

Any thoughts on the significance of exercising them sooner rather than later?

Perhaps he wants to have more shares 'on record' by April 14th for voting purposes at the ASM.

Just a thought.