| NOTABLE TRANSACTIONS 2005 |

has agreed to sell
Diemaco
to
Colt Defense LLC
Jefferies Quarterdeck acted as Financial Advisor to the Seller in this Transaction
Jefferies Quarterdeck
May 20, 2005


has agreed to sell
Remec Defense & Space, Inc.
to
Chelton Microwave Corporation
a U.S. subsidiary of Chelton Ltd
a division of Cobham plc
$260,000,000
Jefferies Quarterdeck acted as Financial Advisor to the Seller
and Rendered Fairness Opinion to the Board
Jefferies Quarterdeck
May 20, 2005


has been acquired by
L-3 Communications Corporation
Jefferies Quarterdeck acted as Financial Advisor to the Seller
Jefferies Quarterdeck
April 26, 2005


has divested
Teldix GmbH
to
Rockwell Collins, Inc.
Jefferies Quarterdeck acted as Financial Advisor to the Seller
Jefferies Quarterdeck
March 31, 2005


has sold a 50% interest to
Ares Corporate Opportunities Fund
an affiliate of
Ares Management LLC
Jefferies Quarterdeck acted as Financial Advisor to the Seller in this Transaction
Jefferies Quarterdeck
March 31, 2005


has agreed to be acquired by
Lockheed Martin Corporation
Jefferies Quarterdeck acted as Financial Advisor to the Seller in this Transaction
Jefferies Quarterdeck
March 31, 2005


has agreed to sell
DRS Broadcast Technology, Inc.
an indirect wholly-owned subsidiary, to
EEC-CEC Acquisition Corp.
an affiliate of
Veritas Capital
Jeffries Quarterdeck acted as Financial Advisor to the Seller
Jeffreies Quarterdeck
March 10, 2005


a wholly-owned indirect subsidiary of
Novar plc
has agreed to be acquired by
Curtiss-Wright Controls, Inc.
a division of
Curtiss-Wright Corporation
Jeffries Quarterdeck acted as Financial Advisor to the Seller in this Transaction
Jeffreies Quarterdeck
March 1, 2005

SCPH Holdings, LLC
has acquired

and the assets of
Phoenix Optix, Inc.
Quarterdeck Investment Partners, Inc. acted as Financial Advisor to the Buyer
Quarterdeck Investment Partners, Inc.
March 1, 2005


has agreed to be acquired by
Lockheed Martin Corporation
Jefferies Quarterdeck acted as Financial Advisor to the Seller
Jefferies Quarterdeck
February 28, 2005


has agreed to acquire
Electron Dynamic Devices
a business unit of
The Boeing Company
Jefferies Quarterdeck acted as Financial Advisor to the Buyer
Jefferies Quarterdeck
February 25, 2005


has agreed to sell the
Propulsion Systems Unit
to

Jefferies Quarterdeck acted as Financial Advisor to the Seller
Jefferies Quarterdeck
February 25, 2005

 AAR Engine Component Services
a division of
AAR Corp.
has been acquired by
Chromalloy Gas Turbine Corporation
a unit of
Sequa Corporation
Jefferies Quarterdeck acted as Financial Advisor to the Seller
Jefferies Quarterdeck
February 18, 2005

DynMarine
a business unit of
 Computer Sciences Corporation
has been acquired by an affiliate of
Veritas Capital
in connection with its acquisitions of
DynCorp International and DynCorp Technical Services
Jefferies Quarterdeck acted as Financial Advisor to the Seller
Jefferies Quarterdeck
February 14, 2005


has been acquired by
SI International, Inc.
Jefferies Quarterdeck acted as Financial Advisor to the Seller in this Transaction
Jefferies Quarterdeck
February 9, 2005


has agreed to acquire
Spacelink International, LLC
$151,000,000
Jefferies Quarterdeck acted as Financial Advisor to the Buyer
and Rendered Fairness Opinion to the Board
Jefferies Quarterdeck
February 7, 2005

Global Design Technologies LLC
a new company formed by

has acquired
Deutsch Metal Components and Permaswage
Jefferies Quarterdeck acted as Financial Debt Advisor to the Buyer
Jefferies Quarterdeck
January 31, 2005


has agreed to sell the
Aeronautics Services Unit
to
Wyle Laboratories
a Portfolio Company of
Littlejohn & Co, LLC
Jefferies Quarterdeck acted as Financial Advisor to the Seller
Jefferies Quarterdeck
January 28, 2005
|
| NOTABLE TRANSACTIONS 2004 |
|

Canadian Navigation Systems and Space Sensors Systems Business
has been acquired by

$65,000,000
Jefferies Quarterdeck acted as financial advisor to the Seller
Jefferies Quarterdeck
December 30, 2004

E. Opperman Webbing, mech/Gurt & Bandweberei GmbH
has acquired certain assets of
Precision Weaving, inc.
a subsidiary of
AmSafe, Inc.
 Quarterdeck Equity Partners, Inc. acted as financial advisor to the Seller
Quarterdeck Equity Partners, Inc.
November 26, 2004


has acquired
Integrated Aerospace, Inc.
$110,000,000
Jefferies Quarterdeck acted as financial advisor to the Buyer
Jefferies Quarterdeck
November 24, 2004

Celeritek Defense Electronics
a division of
Celeritek, Inc.
has been acquired by
Teledyne Wireless, Inc.
a direct wholly owned subsidiary of
Teledyne Technologies Incorporated
Jefferies Quarterdeck acted as financial advisor to the seller and rendered a fairness opinion in connection with this transaction
Jefferies Quarterdeck
October 22, 2004

Photon Research Associates, Inc.
has been acquired by
Raytheon Company
Jefferies Quarterdeck acted as financial advisor to the seller
Jefferies Quarterdeck
October 5, 2004

BE Aerospace
$144,000,000
Follow-On Offering Co-Manager
Jefferies Quarterdeck
October 1, 2004

AmSafe Partners, Inc.
a company formed by affiliates of
Quarterdeck Equity Partners, Inc.
and
The Pritzker Group
has acquired
AmSafe Inc. and Bridport plc
from affiliates of
The Marmon Group, Inc.
Quarterdeck Equity Partners, Inc. acted as financial advisor to the buyer
Quarterdeck Equity Partners, Inc.
August 31, 2004

Leach Holding Corporation
has been acquired by
Esterline Corporation
Jefferies Quarterdeck acted as financial advisor to the buyer
Jefferies Quarterdeck
August 30, 2004

DNE Systems, Inc.
a subsidiary of
The Alpine Group, Inc.
has been acquired by
Ultra Electronics Holdings plc
Jefferies Quarterdeck acted as financial advisor to the seller
Jefferies Quarterdeck
July 29, 2004

The WOrnick Company
has been acquired by
Veritas Capital
Jefferies Quarterdeck acted as financial advisor to the seller
Jefferies Quarterdeck
June 30, 2004

The Wornick Company
has completed a
Senior Secured Notes Offering
$125 million
Jefferies Quarterdeck acted as lead manager and sole book running manager
Jefferies Quarterdeck
June 30, 2004

Argo-Tech Corporation
has completed a
Senior Notes Offering
$250 million
Jefferies Quarterdeck acted as co-manager
Jefferies Quarterdeck
June 17, 2004

Rae Systems Inc.

has acquired
KLH
Jefferies Quarterdeck acted as financial advisor to the buyer
Jefferies Quarterdeck
June 3, 2004

Photon Research Associates, Inc.
has been acquired by
Raytheon Company
Jefferies Quarterdeck provided a fairness opinion to the Board of Directors of Photon Research Associates for this transaction
Jefferies Quarterdeck
May 27, 2004

Primus International
has completed a
Senior Secured Notes Offering
$65 million
Jefferies Quarterdeck acted as sole manager
Jefferies Quarterdeck
April 22, 2004

The assets of
Star Mountain, Inc.
a subsidiary of
Provant, Inc.

have been acquired by
FPMI Solutions, Inc.
a newly-formed company organized by
Paladin Capital Partners Fund, L.P.
Jefferies Quarterdeck acted
as financial advisor to the seller
Jefferies Quarterdeck
March 11, 2004

MTC Technologies Inc.

has completed a
Follow-On Offering
$104.6 million
Jefferies Quarterdeck acted as co-manager
Jefferies Quarterdeck
February 19, 2004

Identix Public Sector, Inc.
a subsidiary of
Identix Incorporated

has been acquired by
Allion Science and
Technology Corporation
Jefferies Quarterdeck acted as financial advisor
to the seller
Jefferies Quarterdeck
February 13, 2004

Identix Public Sector, Inc.
a subsidiary of
Identix Incorporated

has been acquired by
Allion Science and
Technology Corporation
Jefferies Quarterdeck provided a fairness opinion
to Identix’s Board of Directors for this transaction
Jefferies Quarterdeck
February 11, 2004

Cyrano Sciences, Inc.

has been acquired by
Smiths Detection
a division of
Smiths Group plc
Jefferies Quarterdeck acted as financial advisor
to the seller
Jefferies Quarterdeck
February 2, 2004

RAE Systems Inc.

has completed a
Follow-On Offering
$43.0 million
Jefferies Quarterdeck acted as lead manager
Jefferies Quarterdeck
January 28, 2004

GrafTech International Ltd.

has completed a
Convertible Senior Debenture
Offering
$225 million
Jefferies Quarterdeck acted as co-manager
Jefferies Quarterdeck
January 22, 2004
|
| NOTABLE TRANSACTIONS 2003 |
|
MILTOPE GROUP, INC.
has been acquired by
VISION TECHNOLOGIES KINETICS, INC.
a business unit of
SINGAPORE TECHNOLOGIES ENGINEERING LTD.
Quarterdeck acted as financial advisor to the seller

December 29, 2003

IPICOM, INC.
doing business as
IPITEK
has divested certain assets to
L-3 COMMUNICATIONS CORPORATION
Quarterdeck acted as financial advisor to the seller

December 10, 2003

MICRO CRAFT INC. AND GASL, INC.
subsidiaries of
ALLIED AEROSPACE INDUSTRIES, INC.
have been acquired by
ATK PRECISION SYSTEMS LLC
a subsidiary of
ALLIANT TECHSYSTEMS INC.
Quarterdeck acted as financial advisor to the seller

November 28, 2003

SIERRACIN HARRISON
a division of
SIERRACIN CORPORATION
has been acquired by
STANLEY AVIATION CORPORATION
Quarterdeck acted as financial advisor to the seller

November 28,2003

SPIRIAN TECHNOLOGIES, INC.
has been acquired by
SECUREINFO CORPORATION
Jefferies Quarterdeck acted as financial advisor to the seller
Jefferies Quarterdeck
November 4, 2003

MILTOPE GROUP, INC.
has been acquired by
VISION TECHNOLOGIES KINETICS, INC.
a business unit of
SINGAPORE TECHNOLOGIES ENGINEERING LTD.
Quarterdeck provided a fairness opinion to
Miltope’s Board of Directors for this transaction

October 21, 2003

GRAFTECH INTERNATIONAL LTD.
has completed a
SECONDARY OFFERING
$202.4 MILLION
Jefferies Quarterdeck acted as co-manager
Jefferies Quarterdeck
October 7, 2003

LKQ CORPORATION
has completed an
INITIAL PUBLIC OFFERING
$104.7 MILLION
Jefferies Quarterdeck acted as co-manager
Jefferies Quarterdeck
October 3, 2003

B/E AEROSPACE INC.
has completed a
SENIOR NOTES OFFERING
$175 MILLION
Jefferies Quarterdeck acted as co-manager
Jefferies Quarterdeck
October 3, 2003

VISTA
INFORMATION TECHNOLOGIES, INC.
has divested certain assets to
AVAYA INC.
Jefferies Quarterdeck acted as financial advisor to the seller
Jefferies Quarterdeck
October 2, 2003

Anteon International Corporation
has completed an offering of
$223.08 million of Common Stock
Jefferies Quarterdeck acted as co-manager
Jefferies Quarterdeck
September 16, 2003

Zeborg, Inc.
has been acquired by
Emptoris, Inc.
Jefferies Quarterdeck acted as financial advisor to the seller
Jefferies Quarterdeck
August 29, 2003

VT Controls Ltd
a business unit of
VT Group plc
has been acquired by
Rolls-Royce plc
Quarterdeck acted as financial advisor to the seller

August 12, 2003

Radamec Defence Systems Limited
has been acquired by
Ultra Electronics Holdings plc
Quarterdeck acted as financial advisor to the seller

July 31, 2003

MSX International
has completed an offering of
Senior Notes Offering
$75.5 million Senior Notes

Jefferies & Company acted as sole manager
Jefferies & Company, Inc.
July 25, 2003

Zeborg, Inc.
has divested certain assets to
Xerox Corporation

Jefferies Quarterdeck acted as financial advisor to the seller
Jefferies Quarterdeck
July 25, 2003

Griffon Corporation
has completed an offering of
$125 million 4% Contingent Convertible Subordinated Notes
Due 2023

Jefferies Quarterdeck acted as co-manager
Jefferies Quarterdeck
July 18, 2003

I.T.S Corporation
has been acquired by
I.T.S. Corporation Holdings, Inc.
an affiliate of
Riordan, Lewis & Haden Investors

Quarterdeck acted as financial advisor to the seller

July 18, 2003

DigitalNet, Inc.
has completed an offering of
$127.3 million 9% Senior Notes
due 2010
Jefferies Quarterdeck acted as co-manager
Jefferies Quarterdeck
July 3, 2003

Orbital Sciences Corporation
has completed an offering of
$135 million 9% Senior Notes due 2011

Jefferies Quarterdeck acted as co-lead manager
Jefferies Quarterdeck
July 2, 2003

UCAR Composites, Inc.
a subsidiary of
GrafTech International, Ltd.
has been acquired by
Coast Composites, Inc.
an affiliate of
Hammond, Kennedy, Whitney & Company Inc.
Quarterdeck acted as financial advisor to the seller

June 27, 2003

Esterline Technologies Corporation
has acquired
Weston Group
a subsidiary of
The Roxboro Group plc
Quarterdeck acted as financial advisor to the buyer
June 6, 2003

Boeing Corinth Co.
a subsidiary of
The Boeing Company
has been acquired by
Labinal, Inc.,
a SNECMA Group Company
Quarterdeck acted as financial advisor to the seller
June 6, 2003

Aeromet, Inc.
has been acquired by
L-3 Communications Corporation
Quarterdeck acted as financial advisor to the seller

May 30, 2003

Creative Technology Incorporated
has been acquired by
General Dynamics Corporation

Quarterdeck acted as financial advisor to the seller

March 31, 2003

ManTech International Corp.
has acquired
MSM Security Services Inc.

Quarterdeck acted as financial advisor to the buyer
March 10, 2003

ManTech International Corp.
has acquired
Integrated Data Systems

Quarterdeck acted as financial advisor to the buyer

February 28, 2003

Norco, Inc.
a subsidiary of
TransTechnology Corporation
has been acquired by
Marathon Power Technologies Company
Quarterdeck acted as financial advisor to the seller
February 24, 2003

Spokane Fabrication Operation
a business unit of
The Boeing Company
has been acquired by
Triumph Group Incorporated

Quarterdeck acted as financial advisor to the seller

January 9, 2003
|
| NOTABLE TRANSACTIONS 2002 |
Raytheon Aerospace, LLC
a portfolio company of
The Veritas Capital Fund, L.P.
has acquired
Flight International, Inc.

Quarterdeck acted as financial advisor to the buyer
December 17, 2002

ManTech International Corp.
has completed a
Secondary Offering
$127.3 million
Jefferies Quarterdeck acted as lead manager to ManTech

JEFFERIES/QUARTERDECK, LLC
December 16, 2002

ManTech International Corp.
has acquired
CTX Corp.

Quarterdeck acted as financial advisor to the buyer
December 11, 2002

Science and Applied Technology, Inc.

has been acquired by
Alliant Techsystems, Inc.
Quarterdeck acted as financial advisor to the seller

October 25, 2002

Wescam Inc.

has been acquired by
L-3 Communications Corporation
for a purchase price of CDN $200 million
Quarterdeck acted as financial advisor to the seller

December 4, 2002

Electron Devices
a business unit of
Northrop Grumman Corporation

has been acquired by
L-3 Communications Corporation
Quarterdeck acted as financial advisor to the seller

October 25, 2002

Displays-Navigation Systems
a business unit of
Northrop Grumman Corporation

has been acquired by
L-3 Communications Corporation
Quarterdeck acted as financial advisor to the seller

October 25, 2002

ENTEK, Inc.

has been acquired by
MATCOM International Corp.
Quarterdeck acted as financial advisor to the seller

November 22, 2002

Decision Systems Technologies, Inc.

has been acquired by
STG, Inc.
Quarterdeck acted as financial advisor to the seller

October 2, 2002

Wescam Inc.

has been acquired by
L-3 Communications Corporation
Quarterdeck provided a fairness opinion to the Board of Directors of Wescam,
Inc. for this transaction

September 17, 2002

Orbital Sciences Corporation

has completed an offering of $135.0 million
12% Second Priority Secured Notes
due 2006
Jefferies/Quarterdeck, LLC acted as sole
Manager to Orbital Sciences
JEFFERIES/QUARTERDECK, LLC
August 22, 2002

Aegis Research Corporation

has been acquired by
ManTech International Corporation
Quarterdeck acted as financial advisor to the seller

August 5, 2002

Metropolitan Venture Partners
has made a minority investment in
LightStream Technologies,Inc.
Quarterdeck acted as financial advisor to LightStream Technologies,Inc.

August 5, 2002

Kellstrom Industries, Inc.
has sold its
Aviation Inventory Management Business
to
KLAC, Inc.
An entity controlled by Inverness Management LLC
Jefferies/Quarterdeck acted as financial advisor to the Official Committee
of Unsecured Creditors
to Kellstrom Industries, Inc.
JEFFERIES/QUARTERDECK, LLC
July 18, 2002

Navy Controls Division
a business unit of
Eaton Corporation

has been acquired by
DRS Technologies, Inc.
Quarterdeck acted as financial advisor to the seller

July 15, 2002

MTC Technologies Inc.

has completed a $97.8 million
Initial Public Offering
Jefferies/Quarterdeck acted as Co-Manager to MTC
JEFFERIES/QUARTERDECK, LLC
June 27, 2002

Ordnance Systems
a business unit of
The Boeing Company

has been acquired by
Alliant TechSystems, Inc.
Quarterdeck acted as financial advisor to the seller

May 31, 2002

Pacific Aerospace & Electronics, Inc.

has completed the exchange of
its 11.25% Senior Subordinated Notes
Jefferies/Quarterdeck acted as financial advisor
to the company in connection with the financing
JEFFERIES/QUARTERDECK, LLC
March 26, 2002

FLIGHT OPTIONS, INC.

has merged with
RAYTHEON TRAVEL AIR COMPANY
Quarterdeck acted as financial advisor to Flight Options
March 20, 2002

MANTECH INTERNATIONAL CORPORATION

has completed a $132.5 million
Initial Public Offering
Jefferies/Quarterdeck acted as Lead Manager to ManTech
JEFFERIES/QUARTERDECK, LLC
February 6, 2002

SPOT IMAGE CORPORATION

a wholly-owned subsidiary of the
SPOT WORLD GROUP (SWG)
has sold exclusive rights for SPOT satellite imagery to
the U.S. defense and agriculture markets to
DIGITALGLOBE
Quarterdeck acted as financial advisor to the seller
January 25, 2002
|
| NOTABLE TRANSACTIONS 2001 |
EMERGENT GOVERNMENT SERVICES GROUP
a wholly-owned subsidiary of
EMERGENT INFORMATION TECHNOLOGIES, INC.
has been acquired by
L-3 COMMUNICATIONS CORPORATION

Quarterdeck acted as financial advisor to the seller
November 30, 2001

BTG, Inc.
has been acquired by
Titan Corporation
Quarterdeck provided a Fairness Opinion to the seller

November 28, 2001

THE SPACE PRODUCT LINE
of
TECSTAR ELECTRO SYSTEMS
a division of
TECSTAR, INC.

has been acquired by
MOOG, INC.
Quarterdeck acted as financial advisor to the seller
October 26, 2001

ANALYTICAL SCIENCES, INC.

has acquired
UNITED INFORMATION SYSTEMS, INC.
Quarterdeck acted as financial advisor to the seller
October 1, 2001

BOEING SENSORS AND ELECTRONIC SYSTEMS
a business unit of
THE BOEING COMPANY
has been acquired by
DRS TECHNOLOGIES, INC.
Quarterdeck acted as financial advisor to the seller

September 28, 2001

ENTERPRISE SOLUTIONS GROUP
has acquired
FUTURENEXT, INC.
Quarterdeck acted as financial advisor to the buyer

September 19, 2001

AEROMET AMERICA, INC.
a wholly-owned subsidiary of
PACIFIC AEROSPACE & ELECTRONICS, INC.
has been acquired by
U.S. CASTINGS, LLC

The undersigned acted as financial advisor to the seller
June 14, 2001

COMPOSITE STRUCTURES, LLC
a privately-held company owned by an investor group led by
Quarterdeck Investment Partners, Inc.
has been acquired by
DUCOMMUN INCORPORATED
The undersigned acted as financial advisor to the seller
June 6, 2001

TEXSTARS, INC.
a subsidiary of
BBA GROUP PLC

has been acquired by
AMERICAN CAPITAL STRATEGIES LTD.
The undersigned acted as financial advisor to the seller

June 1, 2001

AMERICAN AUTOMAR, INC.
has been acquired by
APL LTD.
a subsidiary of
NEPTUNE ORIENT LINES LTD.
The undersigned acted as financial advisor to the seller

May 31, 2001

SMITHS GROUP PLC
has acquired
BARRINGER TECHNOLOGIES, INC.

The undersigned acted as financial advisor to the buyer

May 11, 2001

SCOTT TECHNOLOGIES, INC.
has been acquired by
TYCO INTERNATIONAL LTD.

The undersigned acted as financial advisor to the seller

May 3, 2001

BAE SYSTEMS FLIGHT SIMULATION & TRAINING
a wholly-owned subsidiary of
BAE SYSTEMS N.A.

has been acquired by
CAE, Inc.

The undersigned acted as financial advisor to the seller

April 3, 2001

RADIAN SPECIAL ENVIRONMENTAL SERVICES
a division of
URS CORPORATION

has been acquired by
A PRIVATE INVESTMENT GROUP
The undersigned acted as financial advisor to the seller

March 23, 2001

JEFFERIES & COMPANY, INC.

a subsidiary of
JEFFERIES GROUP, INC.
has acquired a 16 2/3% interest in
QUARTERDECK INVESTMENT PARTNERS, LLC
from
QUARTERDECK INVESTMENT PARTNERS, INC.
Quarterdeck Investment Partners, LLC acted as advisor to
Quarterdeck Investment Partners, Inc.

March 21, 2001

TECHNOLOGY PLANNING AND
MANAGEMENT CORPORATION
has been acquired by
SOZA & COMPANY, LTD.

Quarterdeck acted as financial advisor to the seller

March 15, 2001

LOCKHEED MARTIN ENERGY TECHNOLOGIES, INC.
a wholly-owned subsidiary of
LOCKHEED MARTIN CORPORATION

has been acquired by
QUADRATECH GROUP LLC
a management buy-out group
The undersigned acted as financial advisor to the seller

January 5, 2001

RETECH SERVICES, INC.
a wholly-owned subsidiary of
LOCKHEED MARTIN CORPORATION

has been acquired by
QUADRATECH GROUP LLC
a management buyout group
The undersigned acted as financial advisor to the seller

January 5, 2001
|
| NOTABLE TRANSACTIONS 2000 |
COLEMAN RESEARCH CORPORATION
a wholly-owned subsidiary of
THERMO ELECTRON CORPORATION

has been acquired by
L-3 COMMUNICATIONS CORPORATION
The undersigned acted as financial advisor to the seller

December 29, 2000

RAYTHEON OPTICAL SYSTEMS
an operating unit of
RAYTHEON COMPANY

has been acquired by
THE BFGOODRICH COMPANY The undersigned acted as financial advisor to the seller

December 27, 2000

LAMBDA ADVANCED ANALOG INC.

a subsidiary of
SMITHS GROUP PLC
has been acquired by
INTERNATIONAL RECTIFIER CORPORATION
The undersigned acted as financial advisor to the seller

December 15, 2000

N.E.T. FEDERAL, INC.
a wholly-owned subsidiary of
NET.COM
has been acquired by
a wholly-owned subsidiary of
CACI INTERNATIONAL, INC.
The undersigned acted as financial advisor to the seller

December 1, 2000

TIMEBRIDGE TECHNOLOGIES, INC.

has been acquired by
DIMENSION DATA HOLDINGS, INC.
The undersigned acted as an investor in TimeBridge Technologies, Inc.

November 20, 2000

SMITHS INDUSTRIES PLC
has acquired
FAIRCHILD DEFENSE
a division of
ORBITAL SCIENCES CORPORATION
The undersigned acted as financial advisor to the buyer
November 3, 2000

N.E.T. FEDERAL, INC.
a wholly-owned subsidiary of
NET.COM

has been acquired by
CACI INTERNATIONAL, INC.
The undersigned provided a fairness opinion to the Board of Directors of net.com
for this transaction
October 18, 2000

RADIAN SPECIAL PROJECTS
a division of
URS CORPORATION

has been acquired by
CACI INTERNATIONAL, INC.
The undersigned acted as financial advisor to the seller
October 6, 2000

TECH-SYM CORPORATION
has been acquired by a portfolio company of
THE VERITAS CAPITAL FUND, L.P.
for a purchase price of $182 million
The undersigned acted as financial advisor to the seller
September 29, 2000

DRS AHEAD TECHNOLOGIES, INC.
a wholly-owned subsidiary of
DRS TECHNOLOGIES, INC.

has been acquired by
A PRIVATE INVESTMENT GROUP
The undersigned acted as financial advisor to the seller

September 1, 2000

RADIAN ANALYTIC REFERENCE MATERIALS
a division of
URS CORPORATION

has been acquired by
LYNCH INVESTMENT COMPANY
The undersigned acted as financial advisor to the seller

August 25, 2000

OECO, LLC
has been acquired by
PARATUS CAPITAL MANAGEMENT LLC
The undersigned acted as financial advisor to the seller
August 11, 2000

SOFTWARE VISTA, INC.
has merged with
SHAMAN CORPORATION
The undersigned acted as financial advisor to
SHAMAN CORPORATION
July 21, 2000

COMARCO, INC.
divested certain assets of
COMARCO SYSTEMS, INC.
to
EWA SYSTEMS, INC.
a wholly-owned subsidiary of
ELECTRONIC WARFARE ASSOCIATES, INC.
The undersigned acted as financial advisor to the seller
July 10, 2000

COMARCO, INC.
divested certain assets of
COMARCO SYSTEMS, INC.
to
SCIENCE APPLICATIONS
INTERNATIONAL CORPORATION
The undersigned acted as financial advisor to the seller
July 7, 2000

MTI PARTNERS LIMITED
AMADEUS CAPITAL PARTNERS LIMITED
convertible unsecured loan notes for
VIEWGATE NETWORKS LIMITED

The undersigned acted as financial advisor to
Viewgate Networks Limited
May 19, 2000

UNIVERSITY SWAGING, INC.
has been acquired by
USI ACQUISITION SUBSIDIARY, INC.
a subsidiary of
PRIMUS INTERNATIONAL, INC.
a privately-held company organized by
RHÔNE CAPITAL LLC
The undersigned acted as financial advisor to the seller
March 22, 2000

MARCONI ACTUATION SYSTEMS, INC.
a wholly owned subsidiary of
BAE PLC
has been acquired by
SMITHS INDUSTRIES PLC
through its subsidiary
SMITHS INDUSTRIES AEROSPACE & DEFENSE SYSTEMS, INC.
The undersigned acted as financial advisor to the seller
March 20, 2000

BARNES AND REINECKE, INC.
a subsidiary of
ALLIED RESEARCH CORPORATION
has been acquired by a wholly owned subsidiary of
UNITED DEFENSE L.P.
The undersigned acted as financial advisor to the seller
March 10, 2000

SYSTEM TECHNOLOGY ASSOCIATES, INC.
has been acquired by
SI INTERNATIONAL, INC.
and
FRONTENAC COMPANY
The undersigned acted as financial advisor to the seller
March 10, 2000

TECH-SYM CORPORATION
has sold its 41.5% investment in
SCIENTIFIC RESEARCH CORPORATION
to
SCIENTIFIC RESEARCH CORPORATION
The undersigned acted as financial advisor to the seller
January 24, 2000
|
| NOTABLE TRANSACTIONS 1999 |
LOCKHEED MARTIN HANFORD CORPORATION
a subsidiary of
LOCKHEED MARTIN CORPORATION
has been acquired by
CH2M HILL COMPANIES, LTD.
The undersigned acted as financial advisor to the seller
December 22, 1999

TIMEBRIDGE TECHNOLOGIES, INC.
$2,500,000 PRIVATE PLACEMENT
The undersigned acted as financial advisor in connection with this transaction
November 30, 1999

QUARTERDECK EQUITY PARTNERS, INC.
has made a minority investment in
TIMEBRIDGE TECHNOLOGIES, INC.
The undersigned acted as financial advisor to Timebridge Technologies, Inc.
November 30, 1999

WYLE LABORATORIES, INC.
has been acquired by
AN INVESTMENT GROUP LED BY THE COMPANY'S MANAGEMENT TEAM
The undersigned was an investor in Wyle Laboratories, Inc.
November 30, 1999

LAU DEFENSE SYSTEMS, LLC
has acquired
VISTA CONTROLS CORPORATION
The undersigned acted as financial advisor to the buyer
October 7, 1999

METAL FORM, INC.
has been acquired by
METAL FORM ACQUISITION, INC.
a newly-formed, privately held company, organized by
FIRST ATLANTIC CAPITAL, LTD.
The undersigned acted as financial advisor to the seller
September 30, 1999

ITHACO SPACE SYSTEMS, INC
has merged with a wholly-owned subsidiary of
THE BFGOODRICH COMPANY
The undersigned acted as financial advisor to ITHACO Space Systems, Inc.
September 23, 1999

INTERSTATE ELECTRONICS CORPORATION
a subsidiary of
SCOTT TECHNOLOGIES, INC.
has been acquired by
L-3 COMMUNICATIONS HOLDINGS, INC.
The undersigned acted as financial advisor to the seller
June 30, 1999

ANALYSIS & TECHNOLOGY, INC.
has been acquired by
ANTEON CORPORATION
The undersigned acted as financial advisor to the seller
June 23, 1999

MTI PARTNERS LIMITED
AMADEUS CAPITAL PARTNERS LIMITED
preferred stock financing for
REVEAL NETWORKS, INC.
The undersigned acted as financial advisor to Reveal Networks, Inc.
June 11, 1999

NSTOR TECHNOLOGIES, INC.
has acquired 75% of the outstanding common stock of
ANDATACO, INC.
from W. David Sykes, Vice Chairman and President of Andataco, Inc.
The undersigned acted as financial advisor to Andataco, Inc. and the seller
June 8, 1999

THE MASON COMPANY

has been acquired by
DAY & ZIMMERMANN, INC.
The undersigned acted as financial advisor to the seller
June 1, 1999

SPAR SPACE ROBOTICS
a division of
SPAR AEROSPACE LIMITED
has been acquired by
MacDONALD, DETTWILER, AND ASSOCIATES, LTD.
a wholly-owned subsidiary of
ORBITAL SCIENCES CORPORATION
The undersigned acted as financial advisor to the seller
May 7, 1999

DT TECHNOLOGIES
has been acquired by
TIMEBRIDGE TECHNOLOGIES, INC.
The undersigned acted as financial advisor to the acquirer
March 31, 1999

ZETA
a division of
SIERRA NETWORKS, INC.
has been acquired by
SIERRA R & Z ACQUISITION CORP.
an affiliate of
VERITAS CAPITAL FUND, L.P.
The undersigned acted as financial advisor to the seller

March 31, 1999

SIERRA RESEARCH DIVISION
a division of
SIERRA TECHNOLOGIES, INC.
has been acquired by
SIERRA R & Z ACQUISITION, CORP.
an affiliate of
VERITAS CAPITAL FUND, L.P.
The undersigned acted as financial advisor to the seller
March 31, 1999

SPAR SPACE SYSTEMS AND PRODUCTS
the Ste.-Anne-de-Bellevue, Quebec operations of
SPAR AEROPACE LIMITED
has been acquired by
ELECTROMAGNETIC SCIENCES, INC.
The undersigned acted as financial advisor to the seller
January 29, 1999

ASTRO AEROSPACE CORPORATION
a wholly-owned subsidiary of
SPAR AEROPACE LIMITED
has been acquired by
TRW INC.
The undersigned acted as financial advisor to the seller
January 15, 1999
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| NOTABLE TRANSACTIONS 1998 |
SPECIALTY PLASTICS, INC.
has been acquired by
EDO CORPORATION
The undersigned acted as financial advisor to the buyer
December 23, 1998

UNDERSEA SENSOR SYSTEMS, INC.
a subsidiary of
ULTRA ELECTRONICS (HOLDINGS) PLC
has acquired the
SONOBUOY PRODUCT LINE
of
RAYTHEON COMPANY

The undersigned acted as financial advisor to the seller
December 18, 1998

COMPUTING ANALYSIS CORPORATION
has been acquired by
C-CUBED CORPORATION
The undersigned acted as financial advisor to the seller
December 9, 1998

BUMSTEAD MANUFACTURING, INC.
has merged with
BUMSTEAD ACQUISITION, INC.
a newly-formed, privately-held company, organized by
RHÔNE CAPITAL, LLC
The undersigned acted as financial advisor to Bumstead Manufacturing, Inc.
October 30, 1998

PEI ELECTRONICS, INC.

has been acquired by
PEI HOLDING CORPORATION
a newly-formed corporation organized by
VERITAS CAPITAL, INC.
The undersigned acted as financial advisor to the seller
October 23, 1998

SIGNAL PROCESSING SYSTEMS
a division of
GLOBAL ASSOCIATES, LTD.
has been acquired by
SMITHS INDUSTRIES AEROSPACE & DEFENSE SYSTEMS, INC.
The undersigned acted as financial advisor to the seller
August 28, 1998

QUARTERDECK EQUITY PARTNERS, INC.
has made a minority investment in
NETWORK PEOPLE INTERNATIONAL LTD.
The undersigned acted as financial advisor to Network People International
LTD.
August 25, 1998

TECHNOLOGY SERVICES GROUP
a division of
GLOBAL ASSOCIATES, LTD.
has been acquired by
EDO CORPORATION
The undersigned acted as financial advisor to the seller
July 31, 1998

QUARTERDECK PUBLIC EQUITIES, LLC
a newly-formed corporation organized by
QUARTERDECK EQUITY PARTNERS, INC.
has made a minority investment in
VENTURIAN CORPORATION
The undersigned acted as financial advisor to Venturian Corporation
July 30, 1998

KECO INDUSTRIES, INC.
has been acquired by
ENGINEERED SUPPORT SYSTEMS, INC.
The undersigned acted as financial advisor to the acquirer
June 25, 1998

ORABASE, INC.
has been acquired by
TIMEBRIDGE TECHNOLOGIES, INC.
The undersigned acted as financial advisor to the acquirer
May 18, 1998

KRUG LIFE SCIENCES INC.
and
TECHNOLOGY/SCIENTIFIC SERVICES, INC.
both wholly-owned subsidiaries of
KRUG INTERNATIONAL CORP.
have merged with
WYLE LABORATORIES, INC.
The undersigned provided a fairness opinion to the Board of Directors of Krug
International Corp. in this transaction
March 16, 1998

PACER INFOTEC, INC.
has merged with
INTERMETRICS, INC.
The undersigned acted as financial advisor to Pacer Infotec, Inc. and Intermetrics,
Inc. in this transaction
March 2, 1998

CAE AVIATION LIMITED
has been acquired by
SPAR AEROSPACE LIMITED
The undersigned acted as financial advisor to the acquirers
January 28, 1998
|
| NOTABLE TRANSACTIONS 1997 |
SOUTHWEST MARINE, INC.
and
SAN FRANCISCO DRYDOCK, INC.
have been acquired by
SWM HOLDINGS, INC.
A newly-formed, privately-held company, organized by
THE CARLYLE GROUP
The undersigned acted as financial advisor to the seller
November 25, 1997

SPAR APPLIED SYSTEMS
a division of
SPAR AEROSPACE LIMITED
has been acquired by
DRS TECHONOLOGIES, INC.
The undersigned acted as financial advisor to the seller
October 30, 1997

PLANGRAPHICS, INC.
has merged with
DCX, INC.
The undersigned acted as financial advisor to PlanGraphics, Inc.
September 23, 1997

CSD HOLDINGS CORPORATION
a newly-formed corporation organized by
THE CARLYLE GROUP
has made a minority investment in
COMPOSITE STRUCTURES, LLC
The undersigned acted as financial advisor to Composite Structures, LLC
July 28, 1997

SYLVEST MANAGEMENT SYSTEMS CORPORATION
has been acquired by
FEDERAL DATA CORPORATION
The undersigned acted as financial advisor to the seller
June 30, 1997

COMPUTER DATA SYSTEMS, INC.

has acquired
ANALYTICAL SYSTEMS ENGINEERING CORPORATION
The undersigned acted as financial advisor to the buyer
June 18, 1997

ELECTRONIC ENCLOSURES
a division of
WYLE LABORATORIES, INC.

has been sold to
WALKER DICKSON, INC.
a U.S. based subsidiary of the Walker Dickson Group
The undersigned acted as financial advisor to the seller
May 28, 1997

COMPOSITES STRUCTURES
a division of
ALCOA COMPOSITE, INC.
a wholly-owned subsidiary of the
ALUMINUM COMPANY OF AMERICA
has been merged into
COMPOSITE STRUCTURES, LLC

a newly-formed limited liability company organized by
QUARTERDECK EQUITY PARTNERS, INC.
and
MR. ANTHONY N. PRITZKER
The undersigned acted as financial advisor to Composite Structures, LLC
January 8, 1997
|
| NOTABLE TRANSACTIONS 1996 |
BURTON ELECTRICAL ENGINEERING
a division of
WYLE LABORATORIES, INC.

has been acquired by
VIKING ELECTRONICS, INC.
a division of
WPI, INC.
The undersigned acted as financial advisor to Wyle Laboratories, Inc.
October 25, 1996

ORTEL CORPORATION
has made an equity investment in
PHOTON TECHNOLOGIES CO., LTD.
an independent joint venture located in Shenzhen, China
The undersigned acted as financial advisor to Ortel
October 22, 1996

PACER SYSTEMS, INC.
has merged with
INFOTEC DEVELOPMENT, INC.
The new entity will be renamed
PACER INFOTEC, INC.
The undersigned acted as financial advisor to Pacer Systems, Inc.
July 23, 1996

ESCO ELECTRONICS CORPORTION
has sold
HAZELTINE CORPORATION
to
GEC-MARCONI ELECTRONIC SYSTEMS CORPORATION
The undersigned acted as financial advisor to ESCO Electronics Corporation
July 22, 1996

TELEDYNE INDUSTRIES, INC.
has sold
TELEDYNE THERMATICS
to
COMMSCOPE, INC.
The undersigned acted as financial advisor to Teledyne Industries, Inc.
May 31, 1996

OGDEN PROFESSIONAL SERVICE CORPORATION
a division of
OGDEN CORPORATION
has been acquired by
ANTEON CORPORATION
A newly-formed, privately-held company, organized by
CAXTON-ISEMAN CAPITAL, INC.
The undersigned acted as financial advisor to Ogden Corporation
April 22, 1996

TELEDYNE INDUSTRIES, INC.
has sold
TELEDYNE VEHICLE SYSTEMS
to
GENERAL DYNAMICS LAND SYSTEMS, INC.
The undersigned acted as financial advisor to Teledyne Industries, Inc.
March 29, 1996

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