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Absolutely. So is there kind of everything interrupted first? I said in short, and that is kind of these kinds of things. This enables flat ribbon cable assemblies to be utilized in all kinds of technology and machinery. By using radio frequency identification (RFID) tags, this technology enables quick and efficient tracking of items, inventory management, and improved supply chain visibility. Because they are so adaptable in their capabilities and design, flat ribbon cable assemblies can have several advantages for military technology. Other devices, such as refrigerators, cooking stoves, and heating systems, can use direct solar energy in combination with heat or cold storage as a cheap and sustainable alternative to batteries. Xero is really easy to use and will save you hours of time each month. No matter what application you need your custom cable assembly for, Meridian Cable will make it be exactly what you need. We could of course make these services publicly available. For them, your IP address is just an annex datum which of course completes your profile but which they can do without. RD - The founders, directors and staff have a big stake in the company as you can see in our annual report.

RD - I haven’t been watching SAP that closely, we don’t see them in the small business space but yes MYOB, what is control cable Intuit and Sage follow us very closely. It is still very early days in the SaaS accounting space. Our hypothesis was always that it would be tough for them to transfer from a Windows desktop model to SaaS and that has been proved to be correct. Our research showed it was the least used feature of desktop software. This is very important because accounting software is very much a word of mouth sale. We have been able to raise enough cash, our winning of webby awards last year and this year show we can write world class software, the near 1000 accounting partners show traction in the industry as well as customer and revenue growth. It is much harder now to raise money. Available NOW from your friends at MicroSoft! The approach to market that has worked in NZ we are now rolling out in the UK and Australia and that is looking good but there’s much more to do. 7 A good advice is to compare prices and buy one that is not unusually cheap or expensive.

We have always had a culture of good cost control. Some services do not have built-in or reliable access control. SI - How is the company performing compared to your projections when you first started and has growth and or profitability stalled over the current economic slowdown and if so have you seen any indication of recovery ? Having tripled revenues and reached over 17,000 customers is fantastic. SI - You seem to have a small band of loyal and devoted users within the software industry, why do you think that is and do you think that will translate into mainstream customers? Reader Question - when I looked at this I couldn't believe with all the HYPE it doesn't have inventory management - will this come? Reader Question - Hi Rod, are Asian versions(non-English) of your products in the pipeline? SI - Your competitors take an interest in copy done on Xero -I know this because they all read what I have to write about your company - with this in mind how have you responded to your competition and have you found the MYOBs, Quickens, Sages and SAPs of this world are taking you seriously as a competitor?

Again if we were a private company we’d be positioning for a take out. RD - We haven’t put out any projections. I think the financial crisis may have helped as people put a focus on daily cashflow. Stock often is tied up with Point of Sale or Warehousing and may not suit a web application so we prioritized it after other features. May not be compatible with all icons. RD - It’s very expensive and is a difficult to do significant SaaS busineses out of cashflow. Our engineers love solving our client’s complex problems with products that work, year in and year out. We’re designing Stock now and hope to get it released this coming year. Also it takes a while to get traction which we now have. Chris Short: when you get to thinking about it really deeply, right? You’re cleaning your friend’s room, right? RD - Actually the SaaS accounting software isn’t that competitive. In the meantime we are also looking for other SaaS based Stock systems to link Xero to. RD - I would certainly like Xero to pay dividends eventually but we are still in an investment phase. Hopefully the sensor still works and the problem is that broken solder.