Welcome to the major leagues of debt. Collateralized debt obligations, almost always referred to as a CDOs, are horrendously complicated deals that often leave anyone without a MBA wondering what was put into these CDOs.

The first thing to understand about bonds, (aka debt) is that bonds are often backed by something else. Think about your home mortgage. If you don't pay your mortgage, the bank can take the house. You end up homeless, and the bank sells the house to pay off the rest of that mortgage. There is something "backing" that mortgage; something lender can fall back on, if you don't pay your bills like a good human being. That's called collateral.

CDOs are one flavor of an entire sector of investing called structured finance, and they are also backed. CDOs, in the simplest concept, are just bonds backed by something else. In most cases, a CDO is backed by a collection of various types of debt. CDOs can be home mortgages, or other types of debt like credit cards, auto loans, and personal loans. Most of these types of debt are usually considered a bit more risky and they don't have the backing that a home loan does. So, if you think it through, you can imagine that CDOs are usually considered a risky investment.

To take a step further, understand that CDOs have multiple flavors within each CDO. These flavors are called tranches. If you've taken French, you might recognize the word, it means "slice" or "portion." Each slice of that CDO you invest in is a little different and carries different amounts of risk.

You could invest in the lowest risk tranche of the CDO, which would provide you lower risk. But, you don't get a good return on that investment. Or, you can be the heroic adventurer of bonds and invest in the lowest-grade tranche of the CDO. You'll make an amazing return, but if the economy even looks at you wrong, you might lose the entire investment.

CDOs aren¿t easy, and are almost always invested in by mutual funds, insurance companies and hedge funds. As an individual investor, you will probably not come across a CDO you can participate in.

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Monday, June 02, 2008

Double-Take(R) Software Brings Latin America Disaster Recovery Seminar Series to Santiago

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SOUTHBOROUGH, Mass., Jun 02, 2008 (BUSINESS WIRE) ----Double-Take(R) Software (NASDAQ: DBTK) will host the next stop of its Latin America-area disaster recovery seminar on June 11, 2008, in Santiago, Chile. The educational series focuses on the importance of protecting business critical data and applications, and ensuring the highest levels of recoverability for organizations by implementing Double-Take Software solutions and services.

This is the latest stop on the series tour, which launched in Sao Paulo, Brazil and has been held in Bogota, Colombia, Santo Domingo, Dominican Republic, and Buenos Aires, Argentina.

"We're excited to be a Double-Take Software partner and look forward to doing more business together as Double-Take Software increases their presence within Chile and throughout the Latin America region," stated Richard Le May Vizcaya, general manager of Inex Americana Ltda. "In addition, this data protection seminar is a fantastic opportunity for the Chilean IT community to learn more about protecting their business critical data and applications."

The seminar series explores the following topics in detail:

-- Continuous data replication and application failover and how the two can be used to ensure application uptime even during a major disaster.

-- Application-aware protection for Microsoft(R) SQL Server(R), Microsoft Exchange, and Microsoft SharePoint(R) Services.

-- Exciting new innovations around continuous protection of entire workloads (OS, applications and data) allowing real-time failover or "on demand" recovery.

-- Migration to and protection of virtualized workloads running on today's prevailing virtualization platforms.

Santiago Seminar Information:

Date: Wednesday, June 11, 2008

Time: 9:00 a.m. - 1:30 p.m.

Location: Santiago Marriott Hotel

Avda. Kennedy 5741, Las Condes

Santiago, Chile

Additional Latin America Seminar Cities:

Double-Take Software will hold an additional seminar in Panama City, Panama on July 9, 2008. Detailed location and registration information for this and other upcoming events will be available at www.doubletake.com/news-events/seminars/default.aspx.

About Double-Take(R) Software

Headquartered in Southborough, Massachusetts, Double-Take(R) Software (Nasdaq: DBTK) is a leading provider of affordable software for recoverability, including continuous data replication, application availability and system state protection. Double-Take Software products and services enable customers to protect and recover business-critical data and applications such as Microsoft Exchange, SQL, and SharePoint in both physical and virtual environments. With its unparalleled partner programs, technical support, and professional services, Double-Take Software is the solution of choice for more than ten thousand customers worldwide, from SMEs to the Fortune 500. Information about Double-Take Software's products and services can be found at www.doubletake.com.

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases that say Double-Take or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All forward-looking statements are inherently speculative, and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in forward-looking statements. These risks and uncertainties include those set forth from time to time in our filings with the Securities and Exchange Commission. We are under no obligation, and do not undertake any duty, to update these forward looking statements at any time.

(C) Double-Take Software. All rights reserved. Double-Take, GeoCluster, Double-Take for Virtual Systems, and NSI are registered trademarks of Double-Take Software, Inc. Balance and Double-Take ShadowCaster are trademarks of Double-Take Software, Inc. TimeData is a registered trademark of Double-Take Software Canada, Inc. TimeData logo is a trademark of Double-Take Software Canada, Inc. Microsoft, SharePoint, SQL Server, Windows, and the Windows logo are trademarks or registered trademarks of Microsoft Corporation in the United States and/or other countries. All other trademarks are the property of their respective companies.

SOURCE: Double-Take Software

Double-Take Software Steve Harrington, 508-229-8410 sharrington@doubletake.com
   or Racepoint Group, Inc. Andrea Krull, 781-487-4639 akrull@racepointgroup.com

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