Subject: File No. SR-NASDAQ-2006-040
From: Tammy Thayer
Affiliation: President, Center for Advanced Studies in Business, UW-Madison

December 11, 2006

We understand that Nasdaq is responding to market needs by redefining the listing product. Nasdaq would enhance value for companies by helping manage investor communications, complying with SEC regulations and providing risk management intelligence.

We support the efforts of Nasdaq in their attempt to enhance their service offerings.