-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, I/sutjFJsUswMt70XosoBj/hiIIuNiXlWNPMxs1+1fjdCkeuhcYcapsVtwDzUU5/ dnTATSNTe0JPUz2fD+CHuA== 0000000000-07-027365.txt : 20070827 0000000000-07-027365.hdr.sgml : 20070827 20070604094121 ACCESSION NUMBER: 0000000000-07-027365 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070604 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: QAD INC CENTRAL INDEX KEY: 0001036188 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 770105228 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 6450 VIA REAL CITY: CARPINTERIA STATE: CA ZIP: 93013 BUSINESS PHONE: 8056846614 MAIL ADDRESS: STREET 1: 6450 VIA REAL CITY: CARPINTERIA STATE: CA ZIP: 93013 LETTER 1 qad07letter.pdf 1/31/07 FORM 10K LETTER AKST KRONFORST begin 644 qad07letter.pdf M)5!$1BTQ+C0-)>+CS],-"C$R,B`P(&]B:B`\/"],:6YE87)I>F5D(#$O3"`S M,CDS,B]/(#$R-2]%(#4W-S$O3B`S+U0@,S`T-#0O2"!;(#4W-B`R-#5=/CX- M96YD;V)J#2`@("`@("`@("`@("`@("`@#0IX!E M0`!>H!@(!EQ>50S,(8V@%4Q*8$E@2P.!@;7#"#- M!<0\8#DM!A[V@`/R!B>9+.+%'7*X'7!E+UA2968^/G-T M-IB8A)F8&)@8!S%`X6]U="]/;F5#;VQU M;6XO3T-07!E+T-A=&%L;V7!E+T%R='=O'1'4W1A=&4\/"]'4S`@,3(X(#`@ M4CX^/CXO5'EP92]086=E/CX-96YD;V)J#3$R-B`P(&]B:CP\+U-U8G1Y<&4O M5')U951Y<&4O1F]N=$1E2A4:6UE7!E+T5X=$=3 M=&%T92]302!F86QS92]332`P+C`R/CX-96YD;V)J#3$R.2`P(&]B:CP\+TQE M;F=T:"`R,3$T+T9I;'1E\8.XL2)KRU<(S#N`T6V1AUS2(7+*,K7YU0W%U$B M-;X&/%PDG=I.G:J^^\!^^.'N_?W/#\QB/_[X^N&>+2SVN.!,LL7=3Y]P7RU> M;Q9WFXW%.-OL%K89>&R3X.N;(_ZP3<6X1==_Z%7)N(VK19?(8H%MF9'/-D\+ M@ZE_R\V?BS>;Q9OWL',WV.:=[9$IB^R,\:S`Y"W>#)0]"35"\2/'=&ZC.-^` M$D2F=QO%_084WS.#VRC>)$I7AS&:Q]M\?S$^+NW`MXV"+I:Z>)[Q1$\.3*DG M5W_FZ2=?/W']Q);T=&(J/1)G-]$?KE MV+F5OK0O;?UD#1>\##J/9WP,OI%=ONV^Q(OP_Z@%MWI^W"1_-.V>:5F62ZAK MNK4CZK>1`2_R.^J\+TWV$.=29.Q7D:>BG&TT:]Y8V!NCVTMCH=TSZWXOQ6[I M&NRMS.,\D7'&?J=G^B^7:VXDY,!,,?ATKZ^'>+N[2P_\J.O]_[QZ6+&?\\2< M#7-:!11R,(097!OQO)8"7XS?!S,Y%.*TM"IWWAOA$A';0L>8^+@^2@I+QBMW'F=P5 M90Z[+'(L!#)G^;8>6=<6N3,,@3G0"QWAYZS@/2OX&)S;/O,L?.*VDO?F>UA8 M!Z%U3I&Y4@63)B\R.,$1-_1-N[4(:]`>WE_?%N43FFS]"T,NT1]5@A+^(>*2 MO4%;INQ=G#=Q>6(.7S&;P&>]"Z>](\=TJB^]"FS3[;R"Y4PHR;2,WPJSO;/6 MMAW:SKS-:26:KZSKA?WPNB%P]K3HJ/R&T4!6?FW`=7O5>:`LOB^7:]\PT9?+ MM6>0TGT_&XY]8ZNPKHGD.OS%W>*&K)Q19H*E+@^ZT?)9L'T,"2G%LQ1'<*+> M"Q9O"_5J)TJ1)WA)'DRS'^0+R/\4.=G)3.:/+,Y3C4E0NR++BB.]3HJGIV5H M0+ECN&-"*RVMH3@5B],4;TL:%Z*J@"=SGIFKT[KDN*'IVK=;^<;\=(8< M.]?8CFOZ]KGZ6UV[G!55-0UUXZ$I#P4^*W9MPPPLN2PESDI>5TI*.!&62LF0 M<]`WKBI9U8K,76'[(NJ^TP!G;8S4@J&')3(.P[I!1_-;(47>V4"-7%\.N!6'1[9#@$1&UT3.1[Y0^Y`N$K MXRR[#$:Q2>U):ZSET4B>.F=)0`2R@:M.B-9#I04J>]8O27,R&IB;V#!;LP8)JVC/-Q-I!D`6L=3*-I+ M-PG="T7@2Z<;2]&F0C=+2\W:'_1EL(!P<^-4]/E"^0XW53R9RT MD53GDYQ@MJWIU4XAXS&7.ZA=7K-725(T>4W]_:&``DI1K=@A?A3,<\[C4&[8 MIL,/T<.NE^>9,KZHC&![Y73M\%,\B M;P2.G$F!5.G!KI/B7B2%1ZX9X/P9S"5E>E0/EFV'?JJ-OT`@9WI*G^W6(`\/ MK('3W"0H?-767]70%X<.K9^#?'*SH\GG=NF]6,H@J[E.AQ.PX[ZGVS!&VL6' M3H8=%E;Y=EJG8%ZW29,4R#PIU<:`H3*QV75;N08;EL98,[="RA,AG^,MYC80 MK\^4':1]*;:^R;N]S("ZIHU8D0^'N*Q7:L=@%7;IM#CF,ZY9O6M\M,\F.'1@ MTJ@9EI/"=4+>8PQ#D:MU(#(#WJ^(Z.B=ED<*`*V^$7KN'"&C>^PO0HTS^H,E MAO[0C!NF2G01Z%JCCU8A.(CA#1]IX\&>4)]H;8`X;V6F3E$'=1YQC6*K%W]] M3&#QTC9@3.WZ?^+K25/5:J^B^4;/&38STJ31!U.'`&K/7:I=003:3MJ.90=Z@*2=D,$_U,0G+W32 MG6'05P>42;!J7S19JEC>(()*#AJ98#U[%+3J]X/?[HX;W8Z*/0DLQAJ/0-2X M@XPNU\$9%9C88?C5>$_A3NT`VJNU1CUCD\9M:I3I'WW@`L(=DIT*E`KK4IZ< M*-I^*^%7NF\&04MTK?&Z^["HI_I(BL1V7#='\O.O``,`O[0M)`T*96YD7!E+U1R=654>7!E+T9O;G1$ M97-C7!E+U1R=654 M>7!E+T9O;G1$97-C2A4:6UE%LP(#`@-C$R(#!$D?2[-*DP@\[RJ^_ZI[AD)1I MQ[@\Q+),]G175U?77%Z5M=HEVUK\_//E55TGVX-,Q=WENCB*+Y?KTU&*RT_) M7N5)K8I<7+Y[5WP3=RM7Q*'G^'&T$M[2=Q:^%X@XBATW##WQY9=?WMU/_DJL MGX0KQ+H2GDL_O^.W=2D\'S]=^L$YA,YJ(=8/D^G'TA$W2:YD)OXA\U268K;^ M<_)^/7G_$6?S?Y>]4DV&@Q3F70[MIZ>S\P+/\?1Y_[JZN1`?\JW#Y_#SOLV> M/E+VB?7-9/I[DTL17@C?=6-^8_W39`IBY2[&(HQ83WZ$X>-#3#^JX9YB?9^TY$2623J;_EB(O:BE256VS MHFI**<"`(R4=A*+8B?H@N^J7-DX0<)S(\3P=Z6ZZ4YG*]WAAMI@FM:CJI);5 MA9A]6?_>*WWA+%?F['O?#_[(MY+/*&4NGY*L.ZOCB6[2W/=;K.FT;?'P,%M. 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