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©2008-2010 Monadnock Research LLC. All rights reserved. Posting, reproduction, or distribution of any portion of this publication without prior written permission is forbidden. Monadnock Research (MR) forecasts, conclusions, projections, and recommendations represent our opinion at the time of publication. Our positions are subject to refinements or significant changes as MR staff gathers and analyzes additional information. We disclaim all warranties as to the accuracy, completeness, or adequacy of such information. Although our research may discuss accounting or legal topics related to the consulting profession, MR does not provide accounting or legal advice or services and our research should not be construed or used for such purposes. MR assumes no liability for errors, omissions, or inadequacies of the information contained herein, or for interpretations thereof. The opinions expressed are subject to change without notice.