tailieunhanh - UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK

Because analysts normally differ in their opinion on a company’s future performance, there exists a range of forecasts. By taking an average of all the analysts’ forecasts on a particular stock, a ‘consensus’ forecast can be reached. Analysts will compare their forecasts to the consensus number, particularly when they change their forecasts and either bring them more in to line, or diverge further from the consensus number. Different analysts also focus on different aspects of a company’s performance. For example, some analysts will place more emphasis on the gross profit than operating or post tax profit of a company. Also. | UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK .-------------------------------X In re BERNARD L. MADOFF INVESTMENT SECURITIES LLC Debtor. .X SECURITIES INVESTOR PROTECTION CORPORATION Plaintiff v. BERNARD L. MADOFF INVESTMENT SECURITIES LLC Defendant. .X SIPA LIQUIDATION No. 08-01789 BRL Substantively Consolidated FOR PUBLICATION ARGUING ON THE MOTION BAKER HOSTETLER LLP 45 Rockefeller Plaza New York NY 10111 Telephone 212 589-4200 Facsimile 212 589-4201 By David Sheehan Marc E. Hirschfield Oren J. Warshavsky Seanna R. Brown Attorneys for Irving H. Picard Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff SECURITIES INVESTOR PROTECTION CORPORATION 805 Fifteenth Street . Suite 800 Washington DC 20005 Telephone 202 371-8300 Facsimile 202 371-6728 By Josephine Wang Kevin H. Bell Attorneys for the Securities Investor Protection Corporation 1 SECURITIES AND EXCHANGE COMMISSION 100 F Street . Room 8115 Washington DC 20548 Telephone 202 551-5148 By Katharine B. Gresham Alistaire Bambach Attorneys for the Securities and Exchange Commission DAVIS POLK WARDWELL LLP 450 Lexington Avenue New York NY 10017 Telephone 212 450-4000 Facsimile 212 701-5800 By Karen Wagner Jonathan D. Martin Attorneys for Sterling Equities Associates GOODWIN PROCTER LLP 53 State Street Boston MA 02109 Telephone 617 570-1000 Facsimile 617 523-1231 By Daniel M. Glosband David J. Apfel Brenda R. Sharton Larkin M. Morton Attorneys for Jeffrey A. Berman Russell DeLucia Ellenjoy Fields Michael C. Lesser Norman E. Lesser 11 97 Rev. Trust Paula E. Lesser 11 97 Rev. Trust and Jane L. O Connor as Trustee of the Jane O Connor Living Trust LAX NEVILLE LLP 1412 Broadway Suite 1407 New York NY 10018 Telephone 212 696-1999 Facsimile 212 566-4531 By Brian J. Neville Barry R. Lax Attorneys for Mary Albanese the Brow Family Partnership Allen Goldstein Laurence Kaye Suzanne Kaye Rose Less and Gordon Bennett 2 MILBERG LLP