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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    14-Jul-16Raymond JamesDowngradeOutperformMkt Perform
    20-Apr-16BofA/MerrillDowngradeBuyNeutral
    19-Apr-16SusquehannaDowngradePositiveNeutral
    18-Apr-16NeedhamDowngradeBuyHold
    5-Jan-16Raymond JamesDowngradeStrong BuyOutperform
    5-Aug-15SusquehannaUpgradeNeutralPositive
    4-Feb-15Dougherty & CompanyUpgradeNeutralBuy
    9-Jan-15NeedhamUpgradeHoldBuy
    3-Jun-14NeedhamDowngradeBuyHold
    6-Nov-13Dougherty & CompanyUpgradeNeutralBuy
    2-May-12AvianUpgradeNegativeNeutral
    3-Oct-11NeedhamDowngradeBuyHold
    27-Jul-11Barclays CapitalDowngradeOverweightEqual Weight
    22-Jul-11Dougherty & CompanyDowngradeBuyNeutral
    26-Jan-11Dougherty & CompanyInitiatedBuy
    21-Dec-10Auriga U.S.AInitiatedHold
    17-Dec-10Barclays CapitalUpgradeEqual WeightOverweight
    7-May-10MerrimanInitiatedBuy
    15-Jan-09WunderlichInitiatedHold
    9-May-08JP MorganUpgradeNeutralOverweight
    30-Apr-07Matrix ResearchDowngradeBuyHold
    7-Mar-07Matrix ResearchUpgradeSellBuy
    19-Jul-06Stanford ResearchUpgradeSellHold
    30-May-06Stanford ResearchDowngradeHoldSell
    30-May-06RBC Capital MktsUpgradeUnderperformSector Perform
    27-Apr-06SoleilDowngradeBuyHold
    3-Apr-06Goldman SachsUpgradeUnderperformIn-Line
    27-Feb-06CitigroupDowngradeBuyHold
    17-Feb-06Needham & CoUpgradeHoldBuy
    8-Feb-06Lehman BrothersUpgradeUnderweightEqual-weight
    24-Jan-06RBC Capital MktsDowngradeSector PerformUnderperform
    17-Jan-06Stanford ResearchDowngradeBuyHold
    23-Dec-05SoleilInitiatedBuy
    20-Oct-05Needham & CoDowngradeBuyHold
    10-Oct-05CitigroupInitiatedBuy
    28-Sep-05JP MorganUpgradeUnderweightNeutral
    15-Aug-05Stanford ResearchUpgradeHoldBuy
    22-Apr-05Needham & CoUpgradeHoldBuy
    1-Apr-05FulcrumInitiatedBuy
    8-Mar-05Susquehanna FinancialUpgradeNet NegativeNet Neutral
    18-Feb-05CIBC Wrld MktsUpgradeSector UnderperformSector Outperform
    19-Nov-04Goldman SachsDowngradeIn-LineUnderperform
    22-Oct-04CIBC Wrld MktsDowngradeSector PerformSector Underperform
    29-Sep-04Lehman BrothersDowngradeEqual-weightUnderweight
    22-Sep-04RBC Capital MktsDowngradeOutperformSector Perform
    12-Jul-04Merrill LynchDowngradeNeutralSell
    18-May-04RBC Capital MktsInitiatedOutperform
    17-Feb-04Barrington ResearchUpgradeMkt PerformOutperform
    17-Feb-04Needham & CoUpgradeHoldBuy
    3-Feb-04Goldman SachsDowngradeOutperformIn-Line
    4-Nov-03Goldman SachsUpgradeIn-LineOutperform
    29-Sep-03Adams HarknessUpgradeMkt PerformStrong Buy
    30-Jul-03Barrington ResearchDowngradeOutperformMkt Perform
    10-Jun-03Adams HarknessDowngradeBuyMkt Perform
    11-Apr-03JP MorganDowngradeNeutralUnderweight
    25-Feb-03Barrington ResearchUpgradeMkt PerformOutperform
    8-Jan-03Adams HarknessUpgradeMkt PerformBuy
    7-Nov-02JP MorganInitiatedNeutral
    23-Oct-02Thomas WeiselDowngradeAttractiveMkt Perform
    4-Oct-02Morgan StanleyDowngradeEqual-weightUnderweight
    9-Aug-02Needham & CoInitiatedHold
    26-Jul-02Goldman SachsUpgradeMkt PerformTrading Buy
    19-Jul-02Adams HarknessDowngradeBuyMkt Perform
    9-Jul-02Merrill LynchDowngradeNT BuyNT Neutral
    27-Jun-02Investec IncDowngradeStrong BuyBuy
    24-May-02Goldman SachsDowngradeMkt OutperformMkt Perform
    5-Apr-02Banc of America SecInitiatedMkt Perform
    2-Apr-02Investec PMGInitiatedStrong Buy
    30-Jan-02Thomas WeiselInitiatedBuy
    11-Jan-02Adams HarknessDowngradeStrong BuyBuy
    3-Dec-01Adams HarknessUpgradeBuyStrong Buy
    1-Aug-01Merrill LynchUpgradeNT NeutralNT Accum
    31-May-01Barrington ResearchUpgradeHoldLT Buy
    13-Dec-00Merrill LynchDowngradeNT AccumNT Neutral
    1-Nov-00Mrgn Stnly Dn WttrDowngradeStrong BuyOutperform
    13-Oct-00Merrill LynchDowngradeNT BuyNT Accum
    13-Oct-00PaineWebberDowngradeBuyAttractive
    1-Aug-00PaineWebberInitiatedBuy
    11-Jul-00William BlairInitiatedBuy
    17-Apr-00Barrington ReschUpgradeBuyStrong Buy
    11-Apr-00Advest IncUpgradeMarket PerformStrong Buy
    5-Apr-00Adams HarknessUpgradeMarket PerformAccumulate
    3-Aug-99Bear StearnsInitiatedBuy
    16-Jul-99Advest IncDowngradeBuyMarket Perform
    21-May-99Advest IncInitiatedBuy
    8-Mar-99Mrgn Stnly Dn WttrInitiatedStrong Buy
    2-Mar-99CIBC OppenheimerInitiatedStrong Buy
    1-Mar-99DLJInitiatedBuy
    8-Feb-99Merrill LynchUpgradeNT NeutralNT Accumulate
    29-Jan-99BB Rbrtsn StphnsUpgradeLT AttractiveBuy
    28-Jan-99NB MontgomeryInitiatedBuy
    21-Dec-98Adams HarknessInitiatedMkt Perform
    9-Dec-98Merrill LynchInitiatedNT Ntrl/LT Buy
    25-Mar-98Goldman SachsInitiatedMkt Outperformer

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