Earlybird Analyst Calls (MAY 8, 2007)

AAA cut to Peer Perform at Baird.
AAP cut to Neutral at Baird.
ALGT cut to Neutral at Prudential.
ALTI started as Neutral at First Albany.
CCOI cut to Sector Perform at RBC.
CERN started as Hold at Sifel Nicolaus.
CPSI started as Hold at Sifel Nicolaus.
CRDN started as Neutral at First Albany.
CUTR cut to Neutral at Merriman Curhan Ford.
ECLP started as Buy at Stifel Nicolaus.
EROC raised to Outperform at Wachovia.
GOL cut to Neutral at Prudential.
MA started as Buy at UBS.
MRGE started as Buy at Jefferies.
MDRX started as Buy at Stifel Nicolaus.
OMPI raised to Outperform at Baird.
ONAV started as Buy at Cantor Fitzgerald.
ORBK cut to Neutral at UBS.
QLGC raised to Outperform at Morgan Keegan.
QSII started as Buy at Stifel Nicolaus.
RTEC cut to Neutral at Merriman Curhan Ford.
SENO started as Buy at B of A.
SMMX started as Neutral at First Albany.
SONC raised to Outperform at FBR.
SPIL cut to Neutral at Merriman Curhan Ford.

Jon C. Ogg
May 8, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in any of the companies he covers.