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This document presents the results from the working group "Business Models" (WG 1) discussing the seminar topic under market aspects. Main objectives were developing a shared view of the field (i.e. matching business, technology and research interests), identifying key players and relations between them (including barriers and lessons learned so far from the 2G/2.5G market), discussing the role of business models and value chains and applying them to P2P-networks. In the concluding round the difference between traditional DB/IS applications and mobile applications is explored.