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Thursday, July 27, 2006

BakBone Software (BKBO) open letter to shareholders

BakBone Software issued yet another open letter to shareholders today.

Bookings are up 28% over last year at this time and equal to the Q4 bookings (Q1 bookings are traditionally lower). $716K cash was spent on severance and capex.

NetVault: Replicator is doing well. It was designed for Linux. With Linux in Japan, BakBone has a 70% market share. Sugoi!

Maintenance attach rate remains at 100% in North America. Also doing very well with Mac OSX installations. Over 190 customers.

They're still working on the internal financial review process which won't be done until late August at the earliest (they'll give an update at that time).

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