"..companies remain cautious about their IT spending,” said Pete Cittadini, President and CEO of Actuate.

BS - look at MicroStrategy's quarterly results. Direct competitor, same market (although MSTR competes more broadly). Blow out quarter.

http://finance.yahoo.com/news/MicroStrat...

I really don't see Actuate surviving much longer as a stand alone entity. They need to be acquired but are not in a great position from that standpoint given that all the big players have already made big investments to get into the BI space and ACTU doesn't offer much they don't already have, or have the capability to create on their own. I think Actuate will eventually (but not too long from now) sell for less than you're all hoping for...because they have no choice.