Subject: File No. SR-NASDAQ-2006-040
From: Athan Demakos

December 11, 2006

I believe NASDAQs expanded service package will benefit both listed companies and investors. The package will help companies better meet their disclosure and regulatory obligations at a very modest increase in listing fees.

Also, the service bundle will foster competition in the investor relations arena. However, NASDAQ-listed companies would be under no obligation to use any specific offering within this package. In effect, NASDAQ is providing its companies with a well-conceived and very useful way to function more effectively and competitively in the public markets.

This integrated service package illustrates NASDAQs continuing commitment to innovation in the marketplace. I believe it will provide significant benefits to the vast majority of NASDAQ-listed companies.