W. R. Hambrecht & Co., LLC

OPENIPO

Computer software that is downloadable from a remote computer site or that is otherwise provided by CD-ROM, diskette or other storage media, for use in (1) accessing a securities offering auction system, (2) utilizing underwriter and auction advisor services; and (3) accessing information services relating to news, business, finance, securities and securities markets and models that objectively rate securities by means of a global computer network;