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QAD, Inc. (QAD) Yearly Returns

Year	Begining Price	Ending Price	Gain or Loss	Percent Gain or Loss
1998	12.625	3.5625	-9.0625	-71.78%
1999	3.5625	13.9375	10.375	291.23%
2000	13.9375	1.1875	-12.75	-91.48%
2001	1.1875	2.91	1.7225	145..05%
2002	2.91	3.41	0.50	17.18%
2003	3.41	12.26	8.85	259.53%
2004	12.26	8.92	-3.34	-27.24%
2005	8.92	7.64	-1.28	-14.35%
2006	7.64	8.39	0.75	9.82%
2007	8.39	9.34	0.95	11.32%