Companies news

Cognizant Technology Solutions Corporation (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, today announced its fourth quarter and full year 2009 financial results.

Highlights - Fourth Quarter 2009 - Quarterly revenue rose to US$902.7 million, up 20% from the year-ago quarter and 6% sequentially. - Quarterly diluted EPS on a GAAP basis was US$0.47, compared to US$0.38 in the year-ago quarter. - Quarterly diluted EPS on a non-GAAP basis, which excludes stock-based compensation expense, was US$0.50, compared to US$0.41 in the year-ago quarter. - GAAP and non-GAAP diluted EPS includes the impact of US$0.01 in net non-operating foreign currency exchange losses. - Net headcount additions for the quarter exceeded 10,300; year-end headcount approximately 78,400.

Revenue for the fourth quarter of 2009 rose to US$902.7 million, up 20% from US$753.0 million in the fourth quarter of 2008. GAAP net income was US$144.0 million, or US$0.47 per diluted share, compared to US$112.3 million, or US$0.38 per diluted share, in the fourth quarter of 2008. Diluted earnings per share on a non-GAAP basis was US$0.50. GAAP operating margin for the quarter was 18.5%. Excluding stock-based compensation expense of US$12.8 million, non-GAAP operating margin was 19.9%, in line with the Company's targeted 19 to 20% range. Earnings for the quarter included US$4.5 million of net pre-tax non-operating foreign exchange losses. Reconciliations of non-GAAP financial measures to GAAP operating results and diluted EPS are included at the end of this release.

"Despite a very difficult economy, Cognizant delivered strong results with 16% annual revenue growth. The investments we made in our business leave us in an even stronger position than when we entered 2009," said Francisco D'Souza, President and CEO of Cognizant. "During the year, we grew our workforce by more than 16,700 people, improved our employee utilization, strengthened our client partnerships, and brought new services and capabilities to market. We believe Cognizant is set to deliver robust performance in 2010 and will continue to set new standards for our industry."

Highlights - Full Year 2009 - Revenue increased to US$3.279 billion, up 16% from the previous year. - Diluted EPS on a GAAP basis was US$1.78, compared to US$1.44 in the previous year. - Diluted EPS on a non-GAAP basis, which excludes US$0.12 in stock-based compensation expense and stock-based Indian fringe benefit tax expenses, was US$1.90, compared to US$1.59 in the previous year.

Revenue for 2009 increased to US$3.279 billion, up 16% from US$2.816 billion for 2008. GAAP net income was US$535.0 million, or US$1.78 per diluted share, compared to US$430.8 million, or US$1.44 per diluted share, for 2008. Diluted earnings per share on a non-GAAP basis was US$1.90. GAAP operating margin was 18.9%. Excluding stock-based compensation expense of US$44.8 million and stock-based Indian fringe benefit tax expense of US$0.9 million, non-GAAP operating margin was 20.3%. Reconciliations of these non-GAAP financial measures to GAAP operating results and diluted EPS are included in the table at the end of this release.

First Quarter & Full Year 2010 Outlook

The Company is providing the following guidance: - First quarter 2010 revenue anticipated to be at least US$935 million. - First quarter 2010 diluted EPS expected to be US$0.48 on a GAAP basis and US$0.52 on a non-GAAP basis, which excludes US$0.04 of estimated stock-based compensation expense. - Fiscal 2010 revenue expected to be at least US$3.935 billion, up at least 20% compared to 2009. - Fiscal 2010 diluted EPS expected to be at least US$2.03 on a GAAP basis, and US$2.19 on a non-GAAP basis, which excludes US$0.16 of estimated stock-based compensation expense. - Due to continued volatility in the currency markets, EPS guidance excludes any non-operating foreign currency exchange gain or loss.

"Cognizant delivered exceptional performance in 2009. A continued focus on operational excellence, combined with aggressive hiring in the latter part of last year, leaves us well positioned for a strong 2010," said Gordon Coburn, Chief Financial and Operating Officer. "In addition, we further strengthened our balance sheet in 2009 with our cash, short- and long-term investments increasing by over US$210 million during the fourth quarter, and over US$625 million for the full year, to a total of approximately US$1.55 billion."

Conference Call

Cognizant will host a conference call February 9, 2010 at 8:00 a.m. (Eastern) to discuss the Company's quarterly and full year 2009 results. To listen to the conference call, please dial 800-374-0467 (domestically) and +1-706-679-3288 (internationally) and provide the following conference ID number: 50233460.

The conference call will also be available live via the Internet by accessing the Cognizant web site at http://www.cognizant.com. Please go to the web site at least 15 minutes prior to the call to register and to download and install any necessary audio software.

For those who cannot access the live broadcast, a replay will be available by dialing 800-642-1687 for domestic callers or +1-706-645-9291 for international callers and entering 50233460 from a half hour after the end of the call until 11:59 p.m. (Eastern) on Wednesday, February 17, 2010. The replay will also be available at Cognizant's web site http://www.cognizant.com for 30 days following the call.

About Cognizant

Cognizant (Nasdaq: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services. Cognizant's single-minded passion is to dedicate our global technology and innovation know-how, our industry expertise and worldwide resources to working together with clients to make their businesses stronger. With over 50 global delivery centers and approximately 78,400 employees as of December 31, 2009, we combine a unique onsite/offshore delivery model infused by a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Hot Growth and Top 50 Performers listings. Visit us online at http://www.cognizant.com.

Forward-Looking Statements

This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

About Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with GAAP, this press release includes the following measures defined by the Securities and Exchange Commission as non-GAAP financial measures: non-GAAP operating margin and non-GAAP diluted earnings per share. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures, the financial statements prepared in accordance with GAAP and reconciliations of Cognizant's GAAP financial statements to such non-GAAP measures should be carefully evaluated.

We seek to manage the company to a targeted operating margin, excluding stock-based compensation costs and applicable stock-based Indian fringe benefit tax, of 19% to 20% of revenues. Accordingly, we believe that non-GAAP operating margin and non-GAAP diluted earnings per share, excluding stock-based compensation costs and applicable stock-based Indian fringe benefit tax, are meaningful measures for investors to evaluate our financial performance. For our internal management reporting and budgeting purposes, we use financial statements that do not include stock-based compensation expense and applicable stock-based Indian fringe benefit tax for financial and operational decision making, to evaluate period-to-period comparisons and for making comparisons of our operating results to those of our competitors. Moreover, because of varying available valuation methodologies permitted under U.S. GAAP and the variety of award types that companies can use, we believe that providing non-GAAP financial measures that exclude stock-based compensation expense allows investors to make additional comparisons between our operating results to those of other companies. Accordingly, we believe that the presentation of non-GAAP operating margin and non-GAAP diluted earnings per share, when read in conjunction with our reported GAAP results, can provide useful supplemental information to our management and investors regarding financial and business trends relating to our financial condition and results of operations.

A limitation of using non-GAAP operating margin and non-GAAP diluted earnings per share versus operating margin and diluted earnings per share calculated in accordance with GAAP is that non-GAAP operating margin and non-GAAP diluted earnings per share exclude costs, namely, stock-based compensation that is recurring and applicable stock-based Indian fringe benefit tax that was repealed during the third quarter of 2009 retroactive to April 1, 2009. Stock-based compensation will continue to be for the foreseeable future a significant recurring expense in our business. In addition, other companies may calculate non-GAAP financial measures differently than us, thereby limiting the usefulness of these non-GAAP financial measures as a comparative tool. We compensate for this limitation by providing specific information regarding the GAAP amounts excluded from non-GAAP operating margin and non-GAAP diluted earnings per share and evaluating such non-GAAP financial measures with financial measures calculated in accordance with GAAP.

Cognizant Technology Solutions

David Nelson, VP, Investor Relations & Treasury, +1-201-498-8840, david.nelson@cognizant.com or Press: Brian Maddox or Hannah Sloane, FD, +1-212-850-5600, brian.maddox@fd.com

Allied World Europe Launches S.M.E. Professional Lines Division; Appoints Kevin Cleary

PEMBROKE, Bermuda, February 9 /PRNewswire/ --

Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today that Allied World Assurance Company (Europe) Limited (Allied World Europe) has launched a S.M.E. (small to medium sized enterprises) division that will focus on offering professional lines products to the London market and throughout the United Kingdom and the European Union. Kevin Cleary, who recently joined Allied World Europe as Vice President, will lead the division. Mr. Cleary will be responsible for building out the division and developing a comprehensive S.M.E. product suite.

John Redmond, President of Allied World Europe, commented, "We are very excited to launch this division as we recognize the growing opportunities in this particular market. Allied World Europe has been exploring S.M.E. Professional Lines for some time and I am confident that Kevin will succeed in growing a profitable book of business. He has a considerable amount of experience and expertise in this area."

Prior to joining Allied World Europe, Mr. Cleary was most recently UK Development Manager for DUAL Corporate Risks. He started with DUAL in 2005 as Regional Manager, overseeing sales and marketing in addition to setting up the regional platform. Mr. Cleary began his career at Chubb in Manchester as a Directors and Officers underwriter.

About Allied World Assurance Company

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through offices in Bermuda, Europe, Hong Kong, Singapore and the United States. Our insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company. For further information on Allied World, please visit our website at www.awac.com.

Cautionary Statement Regarding Forward-Looking Statements

Any forward-looking statements made in this press release reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, our forward-looking statements could be affected by pricing and policy term trends; increased competition; the impact of acts of terrorism and acts of war; greater frequency or severity of unpredictable catastrophic events; investigations of market practices and related settlement terms; negative rating agency actions; the adequacy of our loss reserves; the company or its subsidiaries becoming subject to significant income taxes in the United States or elsewhere; changes in regulations or tax laws; changes in the availability, cost or quality of reinsurance or retrocessional coverage; adverse general economic conditions including those related to the ongoing financial crisis; and judicial, legislative, political and other governmental developments, as well as management's response to these factors, and other factors identified in our filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We are under no obligation (and expressly disclaim any such obligation) to update or revise any forward-looking statement that may be made from time to time, whether as a result of new information, future developments or otherwise.

Allied World Assurance Company Holdings, Ltd

Media, Faye Cook, VP, Marketing & Communications, +1-441-278-5406, faye.cook@awac.com; or Investors, Keith J. Lennox, Investor Relations Officer, +1-646-794-0750, keith.lennox@awac.com, both of Allied World Assurance Company Holdings, Ltd

Stereotaxis Announces Fourth Quarter 2009 Earnings Release Date and Conference Call

ST. LOUIS, Feb. 9 /PRNewswire-FirstCall/ -- Stereotaxis, Inc. announced today that it will release its financial results for the fourth quarter ended December 31, 2009, on Thursday, February 25, 2010 before the market opens. The Company will host a conference call and webcast on Thursday, February 25, 2010 at 8:30 a.m. Eastern Time to discuss the Company's fourth quarter results and current corporate developments. The dial-in number for the conference call is 1-877-941-9205 for domestic participants and 1-480-629-9866 for international participants.

A taped replay of the conference call will also be available beginning approximately one hour after the call's conclusion and will be available for seven days. This replay can be accessed by dialing 1-800-406-7325 for domestic callers and 303-590-3030 for international callers, both using passcode 4207018#. The call will also be available on the Internet live and 90 days thereafter at the following URL:

http://www.videonewswire.com/event.asp?id=66045 About Stereotaxis

Stereotaxis designs, manufactures and markets an advanced cardiology instrument control system for use in a hospital's interventional surgical suite to enhance the treatment of coronary artery disease and arrhythmias. The Stereotaxis System is designed to enable physicians to complete more complex interventional procedures by providing image guided delivery of catheters and guidewires through the blood vessels and chambers of the heart to treatment sites. This is achieved using computer-controlled, externally applied magnetic fields that govern the motion of the working tip of the catheter or guidewire, resulting in improved navigation, shorter procedure time and reduced x-ray exposure. Stereotaxis' Odyssey(TM) solutions integrate and manage information from disparate information sources, eliminating the challenge of interacting simultaneously with many separate diagnostic systems, driving optimized workflow and improved productivity. The core components of the Stereotaxis system have received regulatory clearance in the U.S., Europe and Canada.

Stereotaxis, Inc.

CONTACT: Company, Dan Johnston, Chief Financial Officer of Stereotaxis,
Inc., +1-314-678-6007; or Investors, Doug Sherk & Jenifer Kirtland of EVC
Group, Inc., +1-415-896-6820, or Media, Steve DiMattia of EVC Group, Inc.,
+1-646-201-5445, all for Stereotaxis, Inc.

Web Site: http://www.stereotaxis.com/

SAP Delivers New Templates for Manufacturing Execution

WALLDORF, Germany, Feb. 9 /PRNewswire/ -- SAP AG is now delivering preconfigured, best practice templates for its SAPÂ® Manufacturing Integration and Intelligence (SAP MII) application to support light weight manufacturing execution in batch manufacturing industries. The batch manufacturing with SAP MII templates are cost-free and extend the SAP MII architecture by providing prebuilt, plant and role-specific composites to support manufacturing preparation, execution, documentation and reporting.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)

The templates cover nine application areas: role-specific manufacturing operations cockpits, manufacturing order list, material identification, work instructions, quality control, production confirmation, shift book, monitoring and logging, and manufacturing performance. The templates are a complementary extension to the "Manufacturing Visibility, Intelligence and Integration" package, offered as part of the Best-Run Now initiative from SAP. The fast time-to-benefit is a key value driver for the Best-Run Now packages.

Sika AG, a manufacturer of specialty chemicals for construction and industry based in Baar, Switzerland, is the forerunner to the batch manufacturing project. The company defined and implemented SAP MII composites developed by SAP partner Trebing + Himstedt with a new plant opened to increase production of its Sikaflex product. Sika AG successfully made productive use of SAP MII for manufacturing execution with functionality for order execution, while enjoying lower licenses and implementation costs in comparison to traditional manufacturing execution systems. The results of these developments and implementation formed a central part of the new templates now being delivered.

The development of these templates showcases the strength of SAP MII as a highly specified infrastructure for developing plant to enterprise integration and creating powerful composites for manufacturing execution that can run decoupled from the enterprise resource planning (ERP) application SAPÂ® ERP. The pre-built templates can be used in their entirety or extended to meet additional customer requirements.

Media contact: Evan Welsh, +1 (610) 661-8393, evan.welsh@sap.com, EST

Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a
http://www.newscom.com/cgi-bin/prnh/20100209/SF51174
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com
PRN Photo Desk, photodesk@prnewswire.com SAP AG

CONTACT: Evan Welsh of SAP AG, +1-610-661-8393, evan.welsh@sap.com, EST

Web Site: http://www.sap.com/

BBV Vietnam S.E.A. Acquisition Corp. Announces Entry Into Stock Purchase Agreement With Certain Investors

NEW YORK, Feb. 9 /PRNewswire-FirstCall/ -- BBV Vietnam S.E.A. Acquisition Corp. (BULLETIN BOARD: BBVVF) today announced that is has entered into a definitive stock purchase agreement with certain investors, pursuant to which funds managed by such investors, or other purchasers acceptable to the investors and BBV (collectively such purchasers, the "Investors") may purchase up to an aggregate of 3,622,502 shares of BBV's common stock from third parties prior to BBV's Special Meeting of Stockholders held to vote upon a proposal to continue the life of BBV until February 13, 2011. The Investors are not affiliates of BBV, its officers and directors and/or their respective affiliates or Migami, the target with which BBV has entered into a letter of intent with respect to its initial business combination, or its officers and directors and/or their respective affiliates. It is anticipated the Investors will effect purchases of BBV common stock through independent, privately negotiated transactions with third parties who are institutions or other sophisticated investors that have voted against or indicated an intention to vote against the extension proposal which is described in BBV's definitive proxy statement filed with the Securities and Exchange Commission on January 29, 2010.

Pursuant to the agreement with the Investors, on the earliest to occur of: (i) the first date any funds are disbursed from the Company's trust account, except if the extension proposal is approved, for disbursements to BBV stockholders who exercise their conversion rights on or prior to February 12, 2010, (ii) February 18, 2010 if the extension proposal is not approved, (iii) the fifth business day after the proposed business combination with Migami is abandoned, (iv) the third business day after the proposed business combination with Migami is approved by the Company's stockholders and (v) February 22, 2010 (subject to extension to April 19, 2010 if certain funds are deposited by Migami into an escrow account for the benefit of the investors), BBV has agreed to purchase from the Investors the shares of BBV common stock purchased from third parties at a price equal to the aggregate purchase price paid to acquire the common stock plus 2.25%, provided such sale occurs within 30 days of purchase. If the purchase occurs after the 30th day from the date of purchase, BBV and Migami will pay an additional amount equal to 2.25% of the aggregate purchase price for each 30 day period (prorated for the actual numbers of days the shares are held). Notwithstanding the foregoing, if the business combination with Migami is not consummated, BBV shall not be obligated to pay the Investors more than the liquidation price per share. Additionally, Migami shall pay a cash fee of $170,000 and BBV shall deliver to the Investors 275,000 shares of its common stock in connection with the execution of the agreement, 225,000 additional shares in the event the proposed business combination with Migami is consummated any time between the 31st and 60th day following execution of the agreement and an additional 200,000 shares on each 30th day thereafter (payable on a pro rata basis for any periods less than 30 days) until the day of the stockholder meeting at which the business combination with Migami is voted on. All such additional shares must be delivered prior to such stockholder meeting.

The Investor purchases from third parties, if made, will increase the likelihood that holders of a majority of shares of BBV's common stock will vote in favor of the extension proposal and that holders of less than 30% of BBV's common stock issued in its initial public offering will vote against the extension proposal and seek conversion of their shares of Company common stock into cash in accordance with BBV's amended and restated articles of incorporation.

Chardan Capital Markets, LLC acted as financial advisor to the parties. Loeb & Loeb LLP acted as legal advisor to BBV and Ellenoff Grossman & Schole LLP acted as legal advisor to Migami.

Not a Proxy Statement/Prospectus

This press release is not a proxy statement or a solicitation of proxies from the holders of BBV's securities. Any solicitation of proxies will be made only pursuant to the definitive proxy statement mailed to all BBV stockholders who hold such shares as of January 21, 2010. Interested investors and security holders are urged to read the definitive proxy statement and appendices thereto and BBV's other filings with the Securities and Exchange Commission ("SEC") because they contain important information about BBV and the extension proposal.

About BBV Vietnam S.E.A. Acquisition Corp.

BBV Vietnam S.E.A. Acquisition Corp. was organized under the laws of the Republic of the Marshall Islands on August 8, 2007 as a blank check company to serve as a vehicle to effect a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination, or contractual arrangement with an operating business.

Forward Looking Statements

Any statements contained in this press release that do not describe historical facts constitute forward-looking statements as that term is defined by the United States Private Securities Litigation Reform Act of 1995. Any such forward-looking statement contained herein is based on current expectations, but is subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations such as material adverse events affecting BBV, the ability of BBV to complete a business combination, and those other risks and uncertainties detailed in BBV's filings with the SEC.

Additional Information

The proxy statement was mailed to stockholders of record on January 21, 2010. Stockholders will also be able to obtain a copy of the proxy statement, without charge, and BBV's other filings with the SEC, at the SEC's website http://www.sec.gov/, by mailing a request to BBV Vietnam S.E.A. Acquisition Corporation, 61 Hue Lane, Hai Ba Trung District, Hanoi, Vietnam, Attention: Secretary, by contacting Advantage Proxy, 24925 13th Place South, Des Moines, Washington 98198, toll free (877) 870-8565, or at BBV's website http://www.bantrybay.net/.

BBV and its directors and executive officers may be deemed to be participants in the solicitation of proxies for Special Meeting of Stockholders to be held to approve the extension proposal. Information regarding BBV's directors and executive officers is available in its Form 20-F for the year ended December 31, 2008 filed with the SEC. No person other than BBV has been authorized to give any information or to make any representations on behalf of BBV in connection with the extension, and if given or made, such other information or representations must not be relied upon as having been made or authorized by BBV.

BBV Vietnam S.E.A. Acquisition Corp.

CONTACT: Advantage Proxy, 1-877-870-8565

Web Site: http://www.bantrybay.net/

Mobile World Congress 2010: Amdocs to Showcase New CES 8 Product Portfolio Designed to Meet the Needs of Service Providers in the Connected WorldNew product portfolio enables service providers to run leaner today and leverage their assets, while preparing to lead in the connected world

ST. LOUIS, Feb. 9 /PRNewswire-FirstCall/ -- At Mobile World Congress 2010, Amdocs , the leading provider of customer experience systems (CES), will address the opportunities and challenges facing service providers in the emerging connected world where it's predicted that trillions of devices will be connected to the network by 2017. The company will also demonstrate its new product portfolio, Amdocs CES 8, in Hall 8, Booth B101.

Amdocs executives will lead discussions and participate in panels to share insight on how service providers can forge new business models, expand relationships and leverage existing assets to expand more quickly, drive customer experience and run leaner in this always-on world, requiring anytime, anywhere, any device connectivity. Sessions include:

-- Embedded mobile - sowing the seeds for future growth - business models that are shaping the future of the machine-to-machine market. -- Strategies for growth - segmentation and pricing - billing models to drive revenue and support the new facets of mobile internet usage patterns.

Amdocs will demonstrate its recently launched CES 8 product portfolio that drives personalized and simple customer experiences by concealing the complexities of new applications and devices from the end user, all while ensuring that service providers can run lean and agile operations. Highlights include:

-- Improved first-call resolution and average handling time with Amdocs Smart Device Support Solution - diagnoses and resolves smart device issues faster and more efficiently by providing customer care agents with remote visibility into the device so they can handle simple "how to" and "configuration" calls. -- Personalized and monetized customer interaction with Amdocs ChangingWorlds Personalization - mobile portal technology that increases awareness and uptake of services by delivering relevant content and offers to individual subscribers based on their profiles. Amdocs will demonstrate how a leading mobile operator in Asia Pacific is using Amdocs personalization technology to support its new innovative mobile Internet service. -- The delivery of a consistent, intentional experience with Amdocs Retail Experience Solution - helps secure additional revenue opportunities for service providers by enabling in-store representatives to handle sales and service interactions more efficiently and effectively via an intuitive, mobile and process-driven user interface. -- Real-time charging and monetization with Amdocs Convergent Charging and Amdocs jNetX Convergent Service Platform - Amdocs jNetX Convergent Service Platform and Amdocs Convergent Charging (Turbo Charging) can reduce overall prepaid platform costs, provide charging flexibility, and offer services for prepaid customers. The combination of service delivery and service monetization enables service providers to let customers choose a mix of services, devices, access types and payment options. -- Improved network planning with Amdocs Network Planning Solutions - enables service providers to plan, build and roll out new technologies for next generation networks with increased network optimization and efficiency. Supporting Resources -- Keep up with Amdocs news by visiting the company's website and Blog. -- Subscribe to Amdocs' RSS Feed and follow us on Twitter, Facebook and LinkedIn. About Amdocs

Amdocs is the market leader in customer experience systems innovation. The company combines business and operational support systems, service delivery platforms, proven services, and deep industry expertise to enable service providers and their customers to do more in the connected world. Amdocs' offerings help service providers explore new business models, differentiate through personalized customer experiences, and streamline operations. A global company with revenue of $2.86 billion in fiscal 2009, Amdocs has approximately 18,000 employees and serves customers in more than 60 countries worldwide. For more information, visit Amdocs at http://www.amdocs.com/.

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2009, filed on December 7, 2009 and our Form 6-K for the first quarter of fiscal 2010 filed on February 8, 2010.

Amdocs

CONTACT: Garland Harwood of Weber Shandwick, +1-212-445-8373,
gharwood@webershandwick.com, for Amdocs

Web Site: http://www.amdocs.com/

Cognizant Reports Fourth Quarter and Full Year 2009 ResultsAnnual Revenue of $3.279 billion, up 16% year-over-year Provides Guidance for 2010 Revenue Growth of at least 20%

TEANECK, N.J., Feb. 9 /PRNewswire-FirstCall/ -- Cognizant Technology Solutions Corporation , a leading provider of information technology, consulting, and business process outsourcing services, today announced its fourth quarter and full year 2009 financial results.

Highlights - Fourth Quarter 2009 -- Quarterly revenue rose to $902.7 million, up 20% from the year-ago quarter and 6% sequentially. -- Quarterly diluted EPS on a GAAP basis was $0.47, compared to $0.38 in the year-ago quarter. -- Quarterly diluted EPS on a non-GAAP basis, which excludes stock-based compensation expense, was $0.50, compared to $0.41 in the year-ago quarter. -- GAAP and non-GAAP diluted EPS includes the impact of $0.01 in net non-operating foreign currency exchange losses. -- Net headcount additions for the quarter exceeded 10,300; year-end headcount approximately 78,400.

Revenue for the fourth quarter of 2009 rose to $902.7 million, up 20% from $753.0 million in the fourth quarter of 2008. GAAP net income was $144.0 million, or $0.47 per diluted share, compared to $112.3 million, or $0.38 per diluted share, in the fourth quarter of 2008. Diluted earnings per share on a non-GAAP basis was $0.50. GAAP operating margin for the quarter was 18.5%. Excluding stock-based compensation expense of $12.8 million, non-GAAP operating margin was 19.9%, in line with the Company's targeted 19 to 20% range. Earnings for the quarter included $4.5 million of net pre-tax non-operating foreign exchange losses. Reconciliations of non-GAAP financial measures to GAAP operating results and diluted EPS are included at the end of this release.

Highlights - Full Year 2009 -- Revenue increased to $3.279 billion, up 16% from the previous year. -- Diluted EPS on a GAAP basis was $1.78, compared to $1.44 in the previous year. -- Diluted EPS on a non-GAAP basis, which excludes $0.12 in stock-based compensation expense and stock-based Indian fringe benefit tax expenses, was $1.90, compared to $1.59 in the previous year.

Revenue for 2009 increased to $3.279 billion, up 16% from $2.816 billion for 2008. GAAP net income was $535.0 million, or $1.78 per diluted share, compared to $430.8 million, or $1.44 per diluted share, for 2008. Diluted earnings per share on a non-GAAP basis was $1.90. GAAP operating margin was 18.9%. Excluding stock-based compensation expense of $44.8 million and stock-based Indian fringe benefit tax expense of $0.9 million, non-GAAP operating margin was 20.3%. Reconciliations of these non-GAAP financial measures to GAAP operating results and diluted EPS are included in the table at the end of this release.

First Quarter & Full Year 2010 Outlook The Company is providing the following guidance: -- First quarter 2010 revenue anticipated to be at least $935 million. -- First quarter 2010 diluted EPS expected to be $0.48 on a GAAP basis and $0.52 on a non-GAAP basis, which excludes $0.04 of estimated stock-based compensation expense. -- Fiscal 2010 revenue expected to be at least $3.935 billion, up at least 20% compared to 2009. -- Fiscal 2010 diluted EPS expected to be at least $2.03 on a GAAP basis, and $2.19 on a non-GAAP basis, which excludes $0.16 of estimated stock-based compensation expense. -- Due to continued volatility in the currency markets, EPS guidance excludes any non-operating foreign currency exchange gain or loss.

"Cognizant delivered exceptional performance in 2009. A continued focus on operational excellence, combined with aggressive hiring in the latter part of last year, leaves us well positioned for a strong 2010," said Gordon Coburn, Chief Financial and Operating Officer. "In addition, we further strengthened our balance sheet in 2009 with our cash, short- and long-term investments increasing by over $210 million during the fourth quarter, and over $625 million for the full year, to a total of approximately $1.55 billion."

Conference Call

Cognizant will host a conference call February 9, 2010 at 8:00 a.m. (Eastern) to discuss the Company's quarterly and full year 2009 results. To listen to the conference call, please dial (800) 374-0467 (domestically) and (706) 679-3288 (internationally) and provide the following conference ID number: 50233460.

The conference call will also be available live via the Internet by accessing the Cognizant web site at http://www.cognizant.com/. Please go to the web site at least 15 minutes prior to the call to register and to download and install any necessary audio software.

For those who cannot access the live broadcast, a replay will be available by dialing (800) 642-1687 for domestic callers or (706) 645-9291 for international callers and entering 50233460 from a half hour after the end of the call until 11:59 p.m. (Eastern) on Wednesday, February 17, 2010. The replay will also be available at Cognizant's web site http://www.cognizant.com/ for 30 days following the call.

About Cognizant

Cognizant is a leading provider of information technology, consulting, and business process outsourcing services. Cognizant's single-minded passion is to dedicate our global technology and innovation know-how, our industry expertise and worldwide resources to working together with clients to make their businesses stronger. With over 50 global delivery centers and approximately 78,400 employees as of December 31, 2009, we combine a unique onsite/offshore delivery model infused by a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Hot Growth and Top 50 Performers listings. Visit us online at http://www.cognizant.com/.

Forward-Looking Statements

About Non-GAAP Financial Measures

- tables to follow - COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except per share amounts) Three Months Ended Twelve Months Ended December 31, December 31, ------------------- ------------------- 2009 2008 2009 2008 ---- ---- ---- ---- Revenues $902,721 $753,045 $3,278,663 $2,816,304 Operating expenses: Cost of revenues (exclusive of depreciation and amortization expense shown separately below) 520,796 419,748 1,849,443 1,572,816 Selling, general and administrative expenses 190,678 169,378 721,359 652,021 Depreciation and amortization expense 24,339 21,253 89,371 74,797 ------ ------ ------ ------ Income from operations 166,908 142,666 618,490 516,670 ------- ------- ------- ------- Other income (expense), net: Interest income 6,139 5,760 15,895 22,188 Other income / (expense), net (4,450) (12,340) 2,566 (23,648) ------ ------- ----- ------- Total other income / (expense), net 1,689 (6,580) 18,461 (1,460) ----- ------ ------ ------ Income before provision for income taxes 168,597 136,086 636,951 515,210 Provision for income taxes 24,593 23,798 101,988 84,365 -------- -------- -------- -------- Net income $144,004 $112,288 $534,963 $430,845 ======== ======== ======== ======== ----- ----- ----- ----- Basic earnings per share $0.49 $0.39 $1.82 $1.49 ===== ===== ===== ===== ----- ----- ----- ----- Diluted earnings per share $0.47 $0.38 $1.78 $1.44 ===== ===== ===== ===== Weighted average number of common shares ------- ------- ------- ------- outstanding 295,602 291,261 293,304 290,121 ======= ======= ======= ======= Weighted average number of common and dilutive ------- ------- ------- ------- shares outstanding 304,615 297,570 301,115 298,940 ======= ======= ======= ======= COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) (In thousands) December 31, December 31, ------------ ------------ 2009 2008 ---- ---- Assets Current Assets Cash and cash equivalents $1,100,930 $735,066 Short-term investments 298,402 27,513 Trade accounts receivable, net of allowances of $16,465 and $13,441, respectively 626,288 517,481 Unbilled accounts receivable 82,952 62,158 Deferred income tax assets, net 73,791 48,315 Other current assets 125,205 77,586 --------- --------- Total Current Assets 2,307,568 1,468,119 Property and equipment, net 481,516 455,254 Long-term investments 151,131 161,693 Goodwill 192,372 154,035 Intangible assets, net 75,757 47,790 Deferred income tax assets, net 80,618 52,816 Other assets 49,278 34,853 ---------- ---------- Total Assets $3,338,240 $2,374,560 ========== ========== Liabilities and Stockholders' Equity Current Liabilities Accounts payable $54,640 $39,970 Deferred revenue 51,605 38,123 Accrued expenses and other current liabilities 540,363 309,484 ------- ------- Total Current Liabilities 646,608 387,577 Deferred income tax liabilities, net - 7,294 Other noncurrent liabilities 38,455 14,111 ------- ------- Total Liabilities 685,063 408,982 ------- ------- --------- --------- Stockholders' Equity 2,653,177 1,965,578 --------- --------- ---------- ---------- Total Liabilities and Stockholders' Equity $3,338,240 $2,374,560 ========== ========== COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Reconciliation of Non-GAAP Financial Measures to Comparable GAAP Measures (In thousands, except per share amounts) Three Months Ended Three Months Ended December 31, December 31, -------------------------- -------------------------- 2009 2008 2009 Adjust- 2009 2008 Adjust- 2008 GAAP ments Non-GAAP GAAP ments Non-GAAP ---- ------- -------- ---- ------- -------- Income from operations $166,908 12811(a) $179,719 $142,666 11600 (c) $154,266 ======== ===== ======== ======== ===== ======== Operating margin 18.5% 1.4%(a) 19.9% 18.9% 1.6%(c) 20.5% ==== === ==== ==== === ==== Diluted earnings per share $0.47 0.03(e) $0.50 $0.38 0.034 (e) $0.41 ===== ==== ===== ===== ===== ===== Twelve Months Ended Twelve Months Ended December 31, December 31, ------------------------- ------------------------- 2009 2008 2009 Adjust- 2009 2008 Adjust- 2008 GAAP ments Non-GAAP GAAP ments Non-GAAP ---- ------- -------- ---- ------- -------- Income from Operations $618,490 45761(b) $664,251 $516,670 52049 (d) $568,719 ======== ===== ======== ======== ===== ======== Operating margin 18.9% 1.4%(b) 20.3% 18.3% 1.9%(d) 20.2% ==== === ===== ===== ==== ===== Diluted earnings per share $1.78 0.12(e) $1.90 $1.44 0.15(e) $1.59 ===== ==== ===== ===== ==== ===== Notes: (a) Adjustment to exclude stock-based compensation of $12,811 from income from operations of which $3,416 was reported in cost of revenues and $9,395 was reported in selling, general and administrative expenses in our unaudited condensed consolidated statements of operations. During the quarter ended September 30, 2009, the repeal of the Indian fringe benefit tax, retroactive to April 1, 2009, was enacted into law. Accordingly, stock-based Indian fringe benefit tax expense was not recorded in the quarter ended December 31, 2009. (b) Adjustment to exclude stock-based compensation of $44,816 and stock- based Indian fringe benefit tax expense, incurred during the quarter ended March 31, 2009, of $945 from income from operations of which $15,076 was reported in cost of revenues and $30,685 was reported in selling, general and administrative expenses in our unaudited condensed consolidated statements of operations. (c) Adjustment to exclude stock-based compensation of $10,943 and stock- based Indian fringe benefit tax expense of $657 from income from operations of which $4,049 was reported in cost of revenues and $7,551 was reported in selling, general and administrative expenses in our unaudited condensed consolidated statements of operations. (d) Adjustment to exclude stock-based compensation of $43,900 and stock- based Indian fringe benefit tax expense of $8,149 from income from operations of which $21,446 was reported in cost of revenues and $30,603 was reported in selling, general and administrative expenses in our unaudited condensed consolidated statements of operations. (e) Adjustment to exclude the per share effect of stock-based compensation expense net of the related tax benefit and stock-based Indian fringe benefit tax expense, if any. The stock-based Indian fringe benefit tax expense is a nondeductible expense since the cost is recovered from employees.

Cognizant Technology Solutions

CONTACT: David Nelson, VP, Investor Relations & Treasury,
+1-201-498-8840, david.nelson@cognizant.com or Press: Brian Maddox or Hannah
Sloane, FD, +1-212-850-5600, brian.maddox@fd.com

Web Site: http://www.cognizant.com/

Centene Corporation Reports 2009 Fourth Quarter and Full Year Earnings

ST. LOUIS, Feb. 9 /PRNewswire-FirstCall/ -- Centene Corporation today announced its financial results for the quarter and year ended December 31, 2009. The results of operations for our New Jersey health plan, University Health Plans, are classified as discontinued operations. The discussions below, with the exception of cash flow information, are in the context of continuing operations and all financial ratios exclude premium taxes.

2009 Highlights Q4 Full Year ---- ---------- Premium and Service Revenues (in millions) $1,050.8 $3,878.3 Consolidated HBR 83.9% 83.5% Diluted EPS $0.53 $1.94 Cash flow from operations (in millions) $71.3 $248.2 Fourth Quarter Highlights -- Quarter-end managed care at-risk membership of 1,455,600, an increase of 259,600 lives year over year. -- Premium and Service Revenues of $1,050.8 million, representing 19.6% year over year growth. -- Health Benefits Ratio (HBR) of 83.9%. -- General and Administrative (G&A) expense ratio of 12.7%. -- Cash flow from operations of $71.3 million. -- Days in claims payable of 50.1, including pharmacy claims payable. -- Diluted earnings per share from continuing operations of $0.53. Other Events -- During the fourth quarter of 2009, CeltiCare Health Plan of Massachusetts enrolled 27,300 members under our new managed healthcare service contracts for the Commonwealth Bridge and Commonwealth Care programs. -- In November 2009, we announced we were selected to provide managed care services in Mississippi to Medicaid recipients through the Mississippi Coordinated Access Network (MississippiCan) program. We are working with the State and currently expect a 2010 start date. -- In December 2009, Don Imholz was promoted to Executive Vice President and Chief Information Officer, and in January 2010, Toni Simonetti was appointed Senior Vice President of Public Affairs. -- We recently completed the sale of an additional 5.75 million shares of common stock, including the underwriters overallotment option, for a public offering price of $19.25 per share. Net proceeds from the sale of the additional shares were approximately $104.5 million. As a result of the sale of these shares, the pro-forma debt to capital ratio is reduced to 23.6% from 33.2% at December 31, 2009.

Michael F. Neidorff, Centene's Chairman and Chief Executive Officer, stated, "Our commitment to quality and fundamentals drove solid 2009 results and we endeavor to maintain this momentum in 2010."

The following table depicts membership in Centene's managed care organizations, by state, at December 31, 2009 and 2008:

December 31, ------------ 2009 2008 ---- ---- Arizona 18,100 14,900 Florida 102,600 - Georgia 309,700 288,300 Indiana 208,100 175,300 Massachusetts 27,800 - Ohio 150,800 133,400 South Carolina 48,600 31,300 Texas 455,100 428,000 Wisconsin 134,800 124,800 ------- ------- Total at-risk membership 1,455,600 1,196,000 --------- --------- Non-risk membership 63,700* 3,700 ------- ----- Total 1,519,300 1,199,700 ========= ========= * Increase mainly due to consolidation of our Access Health Solutions LLC investment, effective January 1, 2009.

The following table depicts membership in Centene's managed care organizations, by member category, at December 31, 2009 and 2008:

December 31, ------------ 2009 2008 ---- ---- Medicaid 1,081,400 877,400 CHIP & Foster Care 263,600 257,300 ABD & Medicare 82,800 61,300 Other State programs 27,800 - ------ --- Total at-risk membership 1,455,600 1,196,000 --------- --------- Non-risk membership 63,700 3,700 ------ ----- Total 1,519,300 1,199,700 ========= ========= Statement of Operations -- For the fourth quarter of 2009, Premium and Service Revenues increased 19.6% to $1,050.8 million from $878.8 million in the fourth quarter of 2008. The increase was primarily driven by membership growth in all states, premium rate increases, the consolidation of Access and conversion of members to our at-risk plan in Florida. -- The consolidated HBR, which reflects medical costs as a percent of premium revenues, was 83.9%. A reconciliation of the change in HBR from the prior year same period and from the immediately preceding quarter is presented below: Q4:2009 vs. Q4:2008 Q4:2009 vs. Q3:2009 ------------------- ------------------- Fourth Quarter 2008 82.3% Third Quarter 2009 83.7% New markets reserved at New markets reserved at higher higher rates 1.6 rates 1.1 Impact of additional costs related to the Impact of additional costs flu 0.8 related to the flu 0.3 Decrease in Texas CHIP/ Perinate rates 0.6 Rate increases (1.2) ---- Improvements in ABD markets (1.7) Fourth Quarter 2009 83.9% ==== Net change in other markets 0.3 --- Fourth Quarter 2009 83.9% ==== The increase in the fourth quarter of 2009 over the comparable period in 2008 was due to the effect of reserving at higher rates for new markets, the March 1, 2009 rate decrease for our CHIP/Perinate product in Texas which brought the HBR more in line with our normal range and the impact of additional costs related to the flu. We also experienced improvements in our ABD product, particularly in Ohio and South Carolina. Sequentially, the increase in the HBR reflects the impact of the aforementioned new markets, additional costs related to the flu along with the effect of rate increases, including the rate increase in Georgia for the period July 1, 2009 to December 31, 2009, recorded in the fourth quarter. -- Consolidated G&A expense as a percent of premium and service revenues was 12.7% in the fourth quarter of 2009, a decrease from 13.8% in the fourth quarter of 2008. The reduction in the G&A ratio between years reflects improved leveraging of our costs over a higher revenue base and the impact of additional revenue from new business (Florida and South Carolina). -- Earnings per diluted share from continuing operations were $0.53, compared to $0.53 in the fourth quarter of 2008. When compared to the fourth quarter of 2008, we anticipated and experienced an increase in costs related to the flu of approximately $8.3 million. This was partially offset by decreases in pharmacy and other medical expense categories and a lower G&A expense ratio as discussed above. -- For the year ended December 31, 2009, Premium and Service Revenues increased 18.4% to $3.9 billion in 2009 from $3.3 billion in 2008. G&A expenses as a percent of Premium and Service Revenues decreased to 13.3% in 2009, compared to 13.6% in 2008. Earnings from operations increased to $138.1 million in 2009 from $131.6 million in 2008. Net earnings from continuing operations, were $86.1 million, or $1.94 per diluted share in 2009 compared to $84.2 million, or $1.90 per diluted share in 2008. Recording the Georgia premium rate increase for the period from July 1, 2007 to December 31, 2007 during the first quarter of 2008 had the effect of increasing our 2008 revenue and pre-tax earnings by $20.8 million, or $0.28 per diluted share. Balance Sheet and Cash Flow

At December 31, 2009, the Company had cash and investments of $986.1 million, including $949.9 million held by its regulated entities and $36.2 million held by its unregulated entities. Medical claims liabilities totaled $470.9 million, representing 50.1 days in claims payable, an increase of 1.2 days from September 30, 2009. Total debt was $307.7 million and debt to capitalization was 33.2%. Year to date cash flow from operations was $248.2 million.

Days in claims payable have been adjusted to reflect the inclusion of pharmacy claims payable. A reconciliation of the Company's change in days in claims payable from the immediately preceding quarter-end is presented below:

Days in claims payable, September 30, 2009 48.9 Timing of medical claims processing 1.0 Pharmacy 0.2 --- Days in claims payable, December 31, 2009 50.1 Outlook

The table below depicts the Company's annual guidance from continuing operations for 2010:

Full Year 2010 -------------- Low High --- ---- Premium and Service revenues (in millions) $4,350 $4,450 Earnings per diluted share (EPS) $1.70 $1.80 HBR % 84.0% 86.0% G&A % 12.4% 12.9% Diluted Shares Outstanding (in thousands) 50,500

The Company is adjusting the EPS range of its earnings guidance to reflect the issuance of 5.75 million common shares of stock related to the Company's recently completed stock offering, which is partially offset by a reduction in interest expense from the pay down of our revolving credit facility.

Conference Call

As previously announced, the Company will host a conference call Tuesday, February 9, 2010, at 8:30 A.M. (Eastern Time) to review the financial results for the fourth quarter ended December 31, 2009, and to discuss its business outlook. Michael F. Neidorff and William N. Scheffel will host the conference call. Investors and other interested parties are invited to listen to the conference call by dialing 800-273-1254 in the U.S. and Canada; 973-638-3440 from abroad, or via a live, audio webcast on the Company's website at http://www.centene.com/, under the Investors section. A replay will be available for on-demand listening shortly after the completion of the call until 11:59 PM (Eastern Time) on Tuesday, February 23, 2010, at the aforementioned URL, or by dialing 800-642-1687 in the U.S. and Canada, or 706-645-9291 from abroad, and entering access code 51681793.

About Centene Corporation

Centene Corporation is a leading multi-line healthcare enterprise that provides programs and related services to individuals receiving benefits under Medicaid, including the Children's Health Insurance Program (CHIP), as well as Aged, Blind, or Disabled (ABD), Foster Care, Long-Term Care and Medicare (Special Needs Plans). The Company operates local health plans and offers a wide range of health insurance solutions to individuals and the rising number of uninsured Americans. It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health, life and health management, managed vision, telehealth services, pharmacy benefits management and medication adherence. Information regarding Centene is available via the Internet at http://www.centene.com/.

The information provided in this press release contains forward-looking statements that relate to future events and future financial performance of Centene. Subsequent events and developments may cause the Company's estimates to change. The Company disclaims any obligation to update this forward-looking financial information in the future. Readers are cautioned that matters subject to forward-looking statements involve known and unknown risks and uncertainties, including economic, regulatory, competitive and other factors that may cause Centene's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Actual results may differ from projections or estimates due to a variety of important factors, including Centene's ability to accurately predict and effectively manage health benefits and other operating expenses, competition, changes in healthcare practices, changes in federal or state laws or regulations, inflation, provider contract changes, new technologies, reduction in provider payments by governmental payors, major epidemics, disasters and numerous other factors affecting the delivery and cost of healthcare. The expiration, cancellation or suspension of Centene's Medicaid Managed Care contracts by state governments would also negatively affect Centene.

(Tables Follow) CENTENE CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In thousands, except share data) (Unaudited) December 31, ---------------------------- 2009 2008 ----------- ----------- ASSETS Current assets: Cash and cash equivalents of continuing operations $400,951 $370,999 Cash and cash equivalents of discontinued operations 2,801 8,100 ----------- ----------- Total cash and cash equivalents 403,752 379,099 Premium and related receivables, net of allowance for uncollectible accounts of $1,338 and $1,304, respectively 103,456 92,531 Short-term investments, at fair value (amortized cost $39,230 and $108,469, respectively) 39,554 109,393 Other current assets 64,866 75,333 Current assets of discontinued operations other than cash 4,506 9,987 ----------- ----------- Total current assets 616,134 666,343 Long-term investments, at fair value (amortized cost $514,256 and $329,330, respectively) 525,497 332,411 Restricted deposits, at fair value (amortized cost $20,048 and $9,124, respectively) 20,132 9,254 Property, software and equipment, net of accumulated depreciation of $103,883 and $74,194, respectively 230,421 175,858 Goodwill 224,587 163,380 Intangible assets, net 22,479 17,575 Other long-term assets 36,829 59,083 Long-term assets of discontinued operations 26,285 27,248 ----------- ----------- Total assets $1,702,364 $1,451,152 =========== =========== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Medical claims liability $470,932 $384,360 Accounts payable and accrued expenses 132,001 208,243 Unearned revenue 91,644 17,107 Current portion of long-term debt 646 255 Current liabilities of discontinued operations 20,685 31,013 ----------- ----------- Total current liabilities 715,908 640,978 Long-term debt 307,085 264,637 Other long-term liabilities 59,561 43,539 Long-term liabilities of discontinued operations 383 726 ----------- ----------- Total liabilities 1,082,937 949,880 Commitments and contingencies Stockholders' equity: Common stock, $.001 par value; authorized 100,000,000 shares; issued and outstanding 45,593,383 and 45,071,179 shares, respectively 46 45 Additional paid-in capital 281,806 263,835 Accumulated other comprehensive income: Unrealized gain on investments, net of tax 7,348 3,152 Retained earnings 358,907 275,236 Treasury stock, at cost (2,414,010 and 2,083,415 shares, respectively) (47,262) (40,996) ----------- ----------- Total Centene stockholders' equity 600,845 501,272 Noncontrolling interest 18,582 - ----------- ----------- Total stockholders' equity 619,427 501,272 ----------- ----------- Total liabilities and stockholders' equity $1,702,364 $1,451,152 =========== =========== CENTENE CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share data) (Unaudited) Three Months Ended Year Ended December 31, December 31, ------------------------ ------------------------ 2009 2008 2009 2008 ----------- ----------- ----------- ----------- Revenues: Premium $1,031,812 $860,811 $3,786,525 $3,199,360 Service 19,018 17,995 91,758 74,953 ----------- ----------- ----------- ----------- Premium and service revenues 1,050,830 878,806 3,878,283 3,274,313 Premium tax 41,896 23,952 224,581 90,202 ----------- ----------- ----------- ----------- Total revenues 1,092,726 902,758 4,102,864 3,364,515 ----------- ----------- ----------- ----------- Expenses: Medical costs 865,415 708,163 3,163,523 2,640,335 Cost of services 14,425 13,453 60,789 56,920 General and administrative expenses 133,005 121,343 514,529 444,733 Premium tax 42,103 24,329 225,888 90,966 ----------- ----------- ----------- ----------- Total operating expenses 1,054,948 867,288 3,964,729 3,232,954 ----------- ----------- ----------- ----------- Earnings from operations 37,778 35,470 138,135 131,561 Other income (expense): Investment and other income 3,910 6,004 15,691 21,728 Interest expense (4,108) (4,237) (16,318) (16,673) ----------- ----------- ----------- ----------- Earnings from continuing operations, before income tax expense 37,580 37,237 137,508 136,616 Income tax expense 13,781 13,971 48,841 52,435 ----------- ----------- ----------- ----------- Earnings from continuing operations, net of income tax expense 23,799 23,266 88,667 84,181 Discontinued operations, net of income tax (benefit) expense of $(56), $(671), $(1,204) and $(281), respectively (28) (1,843) (2,422) (684) ----------- ----------- ----------- ----------- Net earnings 23,771 21,423 86,245 83,497 Noncontrolling interest 56 - 2,574 - ----------- ----------- ----------- ----------- Net earnings attributable to Centene Corporation $23,715 $21,423 $83,671 $83,497 =========== =========== =========== =========== Amounts attributable to Centene Corporation common shareholders: Earnings from continuing operations, net of income tax expense $23,743 $23,266 $86,093 $84,181 Discontinued operations, net of income tax (benefit) expense (28) (1,843) (2,422) (684) ----------- ----------- ----------- ----------- Net earnings $23,715 $21,423 $83,671 $83,497 =========== =========== =========== =========== Net earnings (loss) per share attributable to Centene Corporation: Basic: Continuing operations $0.55 $0.54 $2.00 $1.95 Discontinued operations - (0.04) (0.06) (0.02) ----------- ----------- ----------- ----------- Earnings per common share $0.55 $0.50 $1.94 $1.93 =========== =========== =========== =========== Diluted: Continuing operations $0.53 $0.53 $1.94 $1.90 Discontinued operations - (0.04) (0.05) (0.02) ----------- ----------- ----------- ----------- Earnings per common share $0.53 $0.49 $1.89 $1.88 =========== =========== =========== =========== Weighted average number of shares outstanding: Basic 43,068,502 42,957,593 43,034,791 43,275,187 Diluted 44,513,679 44,043,749 44,316,467 44,398,955 CENTENE CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Year Ended December 31, --------------------------- 2009 2008 --------- --------- Cash flows from operating activities: Net earnings $86,245 $83,497 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 44,004 35,414 Stock compensation expense 14,634 15,328 (Gain) loss on sale of investments, net (141) 4,988 Impairment loss - 2,546 Deferred income taxes 3,696 1,286 Changes in assets and liabilities: Premium and related receivables 2,379 (1,548) Other current assets (1,263) (4,244) Other assets 9 (2,700) Medical claims liability 79,000 47,283 Unearned revenue 78,345 (36,447) Accounts payable and accrued expenses (60,915) 74,166 Other operating activities 2,202 2,409 --------- --------- Net cash provided by operating activities 248,195 221,978 --------- --------- Cash flows from investing activities: Capital expenditures (83,113) (65,156) Purchase of investments (791,194) (549,652) Sales and maturities of investments 642,783 546,264 Investments in acquisitions, net of cash acquired, and investment in equity method investee (38,563) (85,377) --------- --------- Net cash used in investing activities (270,087) (153,921) --------- --------- Cash flows from financing activities: Proceeds from exercise of stock options 2,365 5,354 Proceeds from borrowings 659,059 236,005 Payment of long-term debt (616,219) (178,491) Distributions to noncontrolling interest (3,170) - Contribution from noncontrolling interest 11,219 - Excess tax benefits from stock compensation 53 3,100 Common stock repurchases (6,304) (23,510) Debt issue costs (458) - --------- --------- Net cash provided by financing activities 46,545 42,458 --------- --------- Net increase in cash and cash equivalents 24,653 110,515 --------- --------- Cash and cash equivalents, beginning of period 379,099 268,584 --------- --------- Cash and cash equivalents, end of period $403,752 $379,099 ========= ========= Supplemental disclosures of cash flow information: Interest paid $15,428 $15,312 Income taxes paid $52,928 $36,801 Supplemental disclosure of non-cash investing and financing activities: Contribution from noncontrolling interest $5,875 $- CENTENE CORPORATION CONTINUING OPERATIONS SUPPLEMENTAL FINANCIAL DATA Q4 Q3 Q2 Q1 Q4 2009 2009 2009 2009 2008 --------- --------- --------- --------- --------- MEMBERSHIP Managed Care: Arizona 18,100 17,400 16,200 15,500 14,900 Florida 102,600 84,400 22,300 29,100 - Georgia 309,700 303,400 292,800 289,300 288,300 Indiana 208,100 200,700 196,100 179,100 175,300 Massachusetts 27,800 500 - - - Ohio 150,800 151,200 141,200 137,000 133,400 South Carolina 48,600 46,100 46,000 48,500 31,300 Texas 455,100 450,200 443,200 421,100 428,000 Wisconsin 134,800 132,500 131,200 127,700 124,800 --------- --------- --------- --------- --------- Total at-risk membership 1,455,600 1,386,400 1,289,000 1,247,300 1,196,000 --------- --------- --------- --------- --------- Non-risk membership 63,700 63,200 114,000 96,000 3,700 --------- --------- --------- --------- --------- TOTAL 1,519,300 1,449,600 1,403,000 1,343,300 1,199,700 ========= ========= ========= ========= ========= Medicaid 1,081,400 1,040,000 958,600 921,100 877,400 CHIP & Foster Care 263,600 263,400 261,400 256,900 257,300 ABD & Medicare 82,800 82,500 69,000 69,300 61,300 Other State programs 27,800 500 - - - --------- --------- --------- --------- --------- Total at-risk membership 1,455,600 1,386,400 1,289,000 1,247,300 1,196,000 --------- --------- --------- --------- --------- Non-risk membership 63,700 63,200 114,000 96,000 3,700 --------- --------- --------- --------- --------- TOTAL 1,519,300 1,449,600 1,403,000 1,343,300 1,199,700 ========= ========= ========= ========= ========= Specialty Services(a): Cenpatico Behavioral Health Arizona 120,100 117,300 110,500 104,700 105,000 Kansas 41,400 41,000 41,100 40,600 41,100 Bridgeway Health Solutions Long-term Care 2,600 2,500 2,400 2,300 2,100 --------- --------- --------- --------- --------- TOTAL 164,100 160,800 154,000 147,600 148,200 ========= ========= ========= ========= ========= (a) Includes external membership only. REVENUE PER MEMBER PER MONTH(b) $226.42 $222.77 $219.75 $220.29 $218.52 CLAIMS(b) Period-end inventory 423,400 414,900 362,200 325,000 269,300 Average inventory 279,000 227,100 234,500 267,600 288,600 Period-end inventory per member 0.29 0.30 0.28 0.26 0.23 (b) Revenue per member and claims information are presented for the Managed Care at-risk members. Q4 Q3 Q2 Q1 Q4 2009 2009 2009 2009 2008 --------- --------- --------- --------- --------- DAYS IN CLAIMS PAYABLE Medical 48.1 47.1 47.5 45.3 48.5 Pharmacy 2.0 1.8 1.5 1.8 1.4 --------- --------- --------- --------- --------- TOTAL 50.1 48.9 49.0 47.1 49.9 ========= ========= ========= ========= ========= Days in Claims Payable is a calculation of Medical Claims Liabilities at the end of the period divided by average claims expense per calendar day for such period. CASH AND INVESTMENTS (in millions) Regulated $949.9 $911.4 $825.8 $816.8 $798.0 Unregulated 36.2 27.6 27.0 28.9 24.1 --------- --------- --------- --------- --------- TOTAL $986.1 $939.0 $852.8 $845.7 $822.1 ========= ========= ========= ========= ========= DEBT TO CAPITALIZATION 33.2% 31.9% 33.0% 34.6% 34.6% Debt to Capitalization is calculated as follows: total debt divided by (total debt + total equity). The pro-forma debt to capital ratio, adjusted for the follow on stock offering which would have reduced total debt by $84.0 million and increased total equity by $104.5 million, is reduced to 23.6% from 33.2% at December 31, 2009. Operating Ratios: Three Months Ended Year Ended December 31, December 31, ---------------- ---------------- 2009 2008 2009 2008 ------ ------ ------ ------ Health Benefits Ratios: Medicaid and CHIP 85.3% 80.3% 84.6% 80.6% ABD and Medicare 79.9 90.1 81.1 91.1 Specialty Services 81.8 85.4 80.2 83.8 Total 83.9 82.3 83.5 82.5 General & Administrative Expense Ratios 12.7% 13.8% 13.3% 13.6% MEDICAL CLAIMS LIABILITY (In thousands) The changes in medical claims liability are summarized as follows: Balance, December 31, 2008 $384,360 Acquisitions - Incurred related to: Current period 3,216,533 Prior period (53,010) --------- Total incurred 3,163,523 ========= Paid related to: Current period 2,752,983 Prior period 323,968 --------- Total paid 3,076,951 --------- Balance, December 31, 2009 $470,932 ========= Centene's claims reserving process utilizes a consistent actuarial methodology to estimate Centene's ultimate liability. Any reduction in the "Incurred related to: Prior period" amount may be offset as Centene actuarially determines "Incurred related to: Current period." As such, only in the absence of a consistent reserving methodology would favorable development of prior period claims liability estimates reduce medical costs. Centene believes it has consistently applied its claims reserving methodology in each of the periods presented. The amount of the "Incurred related to: Prior period" above includes the effects of reserving under moderately adverse conditions, new markets where we use a conservative approach in setting reserves during the initial periods of operations, increased receipts from other third party payors related to coordination of benefits and lower medical utilization and cost trends for dates of service prior to December 31, 2008.

Centene Corporation

CONTACT: Investor Relations, Edmund E. Kroll, Jr., Senior Vice
President, Finance & Investor Relations, +1-212-759-0382, or Media, Toni
Simonetti, Senior Vice President, Public Affairs, +1-314-725-4477, both of
Centene Corporation

Web Site: http://www.centene.com/

Chunghwa Telecom Announces First Quarter 2010 Guidance

TAIPEI, Taiwan, Feb. 9 /PRNewswire-Asia-FirstCall/ -- Chunghwa Telecom Co., Ltd. ("CHT" or "the Company", TAIEX: 2412; NYSE: CHT) today announced its parent-company only guidance for the first quarter 2010. Based on the current estimates, for the first quarter 2010, revenue is expected to be NT$45.46 billion, income before income tax is expected to be NT$13.94 billion and EPS is expected to be NT$1.17.

(Logo: http://www.prnasia.com/xprn/sa/200707261428.JPG ) (NT billions except 1Q10E 4Q09 1Q09A %changes EPS) unaudited QoQ YoY Revenue 45.46 47.44 45.21 (4.2) 0.6 Gross profit 21.43 21.47 21.45 (0.2) (0.1) Operating Expenses 7.76 8.46 7.68 (8.3) 1.0 Operating Income 13.67 13.01 13.77 5.1 (0.7) Income before income tax 13.94 13.27 14.02 5.0 (0.6) Income after income tax 11.29 10.54 10.79 7.1 4.6 EPS after tax 1.17 1.09 1.11 7.3 5.4 EBITDA 22.45 21.88 22.93 2.6 (2.1) EBITDA Margin% 49.38 46.12 50.72 7.1 (2.6) Acquisition of property, plant and equipment, long-term investments 5.57 8.21 4.47 (32.2) 24.6 Disposal of property, plant and equipment, long-term investments -- -- -- -- --

As compared to the same period last year, first quarter 2010 revenue is expected to increase by NT$0.25 billion to NT45.46 billion, equivalent to 0.6% increase year over year. This increase is mainly attributed to the increase of fiber, value-added services as well as ICT services including IDC, cloud computing and green technology, under the current tariff condition imposed by National Communications Commission (NCC). However, it is important to note that the new NCC tariff reduction plan to be initiated starting April 1, 2010, may cause some revenue pressure for the remainder of fiscal year 2010. Operating costs and expenses for the first quarter 2010 are expected to increase by NT$0.35 billion, equivalent to 1.1%. This increase is primarily due to anticipated higher marketing expense. Income before tax for the first quarter 2010 is expected to be NT$13.94 billion, a decrease of 0.6% compared to NT$14.02 billion for the same period last year. Income after tax for the first quarter 2010 is expected to increase by NT$0.5 billion, representing 4.6%, to NT$11.29 billion as compared to NT$10.79 billion for the same period last year. This increase is mainly because of income tax reduction. As a result, EPS is expected to be NT$1.17, representing an increase of 5.4% as compared to NT$1.11 for the same period in 2009.

On sequential basis, first quarter 2010 revenue is expected to be NT$45.46 billion, representing a decrease of 4.2% compared to that of fourth quarter 2009. This is primarily because in the fourth quarter 2009, Chunghwa completed several corporate customer projects resulting in a relatively higher revenue base for the fourth quarter 2009. Operating costs and expenses for the first quarter 2010 are expected to decrease by NT$2.64 billion, equivalent to 7.7% quarter over quarter to NT$31.79 billion. This is mainly because the costs associated with the corporate customer projects were relatively high for the fourth quarter 2009. Income before tax for the first quarter 2010 is expected to increase by 5% sequentially to NT$13.94 billion as compared to NT$13.27 billion for the fourth quarter 2009. Income after tax for the first quarter 2010 is expected to be NT$11.29 billion, representing a 7.1% increase as compared to NT$10.54 billion for the fourth quarter 2009, mainly due to income tax reduction. As a result, EPS is expected to increase by 7.3% sequentially to NT$1.17 as compared to NT$1.09 for the fourth quarter 2009.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) is the leading telecom service provider in Taiwan. Chunghwa Telecom provides fixed-line, mobile and Internet and data services to residential and business customers in Taiwan.

Note Concerning Forward-looking Statements

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Chunghwa may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 20-F and 6-K., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Chunghwa's beliefs and expectations, are forward- looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to: extensive regulation of telecom industry; the intensely competitive telecom industry; our relationship with our labor union; general economic and political conditions, including those related to the telecom industry; possible disruptions in commercial activities caused by natural and human induced events and disasters, including terrorist activity, armed conflict and highly contagious diseases, such as SARS; and those risks outlined in Chunghwa's filings with the U.S. Securities and Exchange Commission, including its registration statements on Form F-1, F-3, F-6 and 20-F, in each case as amended. Chunghwa does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

This release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.

Special Note Regarding Non-GAAP Financial Measures

A body of generally accepted accounting principles is commonly referred to as "GAAP". A non-GAAP financial measure is generally defined by the SEC as one that purports to measure historical or future financial performance, financial position or cash flows but excludes or includes amounts that would not be so adjusted in the most comparable U.S. GAAP measure. We disclose in this report certain non-GAAP financial measures, including EBITDA. EBITDA for any period is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other expenses, net, (iv) income tax, (v) cumulative effect of change in accounting principle, net of tax and (vi) (income) loss from discontinued operations.

In managing our business we rely on EBITDA as a means of assessing our operating performance. We believe that EBITDA can be useful to facilitate comparisons of operating performance between periods and with other companies because it excludes the effect of (i) depreciation and amortization, which represents a non-cash charge to earnings, (ii) certain financing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and inflation rates, which have little or no bearing on our operating performance, (iii) income tax and tax on assets and statutory employee profit sharing, which is similar to a tax on income and (iv) other expenses or income not related to the operation of the business.

EBITDA is not a measure of financial performance under ROC GAAP. EBITDA should not be considered as an alternate measure of net income or operating income, as determined on a consolidated basis using amounts derived from statements of operations prepared in accordance with ROC GAAP, as an indicator of operating performance or as cash flows from operating activity or as a measure of liquidity. EBITDA has material limitations that impair its value as a measure of a company's overall profitability since it does not address certain ongoing costs of our business that could significantly affect profitability such as financial expenses and income taxes, depreciation, pension plan reserves or capital expenditures and associated charges. These non-GAAP measures are not in accordance with or an alternative for GAAP financial data, the non-GAAP results should be reviewed together with the GAAP results and are not intended to serve as a substitute for results under GAAP, and may be different from non-GAAP measures used by other companies. For more information on these non-GAAP financial measures, please see the tables captioned set forth at the end of this release and which shall be read together with the accompanying financial statements prepared under ROC GAAP.

If you have any questions in connection with the change of accounting policy, please contact the following person:

Contact name: Ms. Fu-fu Shen Phone: +886-2-2344-5488 Fax: +886-2-3393-8188 Email: chtir@cht.com.tw Address: CHUNGHWA TELECOM CO., LTD. 21-3 Hsinyi Road, Section 1, Taipei, Taiwan, Republic of China

Chunghwa Telecom Co., Ltd.

CONTACT: Fu-fu Shen, +886-2-2344-5488, fax, +886-2-3393-8188,
chtir@cht.com.tw

TEST TEST TEST PR Newswire

LONDON, February 9, 2010 /PRNewswire-FirstCall/ -- TEST TEST TEST This Is A Test From PR Newswire - Please Ignore

TEST: CNOC Number for GSMA TEST: Online Databases & PRNJ TEST: 639553 Please Ignore END OF TEST

PRN Test Company

CONTACT: Dave Riches

Exar Corporation Signs Definitive Agreement to Acquire Neterion, Inc.Combination Targets High Performance Solutions for Virtualized Data Centers

FREMONT, Calif., Feb. 9 /PRNewswire-FirstCall/ -- Exar Corporation and Neterion, Inc., announced today that they have signed a definitive agreement under which Exar will acquire Neterion - a privately held company based in California. The transaction is expected to close during the current quarter ending in March, 2010.

"The combined capabilities that Exar and Neterion will offer address not only the requirements of today's data centers but enable critical features for the evolving needs of next generation data centers," said Pete Rodriquez, Exar's president and chief executive officer. "Neterion is a recognized leader in 10 Gigabit Ethernet network adapter solutions optimized for virtualized data centers with an array of top-tier enterprise server and storage customers. Their product portfolio represents an ideal complement to Exar's market-leading solutions for hardware accelerated data encryption, compression and deduplication."

"We are very excited to be joining the Exar team," said Todd Oseth, Neterion's president and chief executive officer. "Exar's technology portfolio, as well as engineering, marketing, and sales resources, allows a new level of focus on meeting the needs of our customers."

"Today, data centers are tasked with not only expanding their capabilities to meet the demands of more users that have access to more bandwidth and larger data sets, but doing so while managing rising operational costs," said John Williams, Exar's vice president of Datacom and Storage business. "Neterion's hardware optimized 10 Gigabit Ethernet V-NIC(TM) adapters provide an optimal platform for IT organizations targeting server consolidation. Exar's Hifn Technology products provide the capabilities to not only secure those virtual partitions, but to optimize network bandwidth utilization with hardware data compression - all of this with negligible impact to server performance and power."

The purchase price is estimated to be between $10 million and $11 million dollars net of cash received. No other terms of the agreement are being disclosed.

About Exar

Exar Corporation delivers highly differentiated silicon, software and subsystem solutions for data communication, storage, consumer and industrial applications. For nearly 40 years, Exar's comprehensive knowledge of end-user markets along with the underlying analog, mixed signal and digital technology has enabled innovative solutions that meet the needs of the evolving connected world. Exar's product portfolio includes power management and interface components, communications products, storage optimization solutions, network security and applied service processors. Exar has locations worldwide providing real-time customer support to drive rapid product development. For more information about Exar, visit: http://www.exar.com/.

About Neterion, Inc.

Neterion is the leader in I/O Virtualization for 10 Gigabit Ethernet adapters that provide high speed solutions for server and storage systems. XframeÂ® and X3100 Series are the industry's highest performing line of 10 GbE adapters, allowing IT managers to virtualize many more applications per physical server - including the most I/O-intensive ones - drastically decreasing costs when deploying virtualized servers. The company was founded in 2001 and is headquartered in Sunnyvale, California with an additional office in Ottawa, Canada. More information on Neterion, Inc. can be found at http://www.neterion.com/.

The Neterion, Xframe, IOQoS, Hy-O and VLT names and logos and combinations thereof, are trademarks or registered trademarks of Neterion, Inc. All other names are for informational purposes and may be trademarks of their respective owners.

Safe Harbor Statement

The Company's statements about its future financial performance, changes in gross margins, net sales and operating expenses, resource allocation and its impact on future performance and product development initiatives, design win conversion, distribution and OEM trends, supply chain issues among others, are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include global financial volatility, economic recession, and industry and market conditions, such as customer and distributor relationships; limited visibility associated with customer or distributor demand for the Company's products; the possible loss of, or decrease in orders from, an important customer; cash balances; vendor capacity, quality or throughput constraints; successful integration of acquired businesses; possible disruption in commercial activities as a consequence of terrorist activity, natural disasters, armed conflict or health issues; successful development, market acceptance and demand for the Company's products, including those for which the Company has achieved design wins; competitive factors, such as pricing or competing solutions; customer ordering patterns; accounting considerations related to impairment analyses or acquisition related issues; the level of inventories maintained at the Company's OEMs and distributors; and the Company's successful execution of internal performance plans, as well as the other risks detailed from time to time in the Company's SEC reports, including the Annual Report on Form 10-K for the year ended March 29, 2009 and the Quarterly Reports on Form 10-Q for the periods ended June 28, 2009, September 27, 2009, and December 27, 2009.

Exar Corporation

CONTACT: Kevin Bauer, VP, CFO, or Thomas R. Melendrez, EVP, both of Exar
Corporation, +1-510-668-7000

Web Site: http://www.exar.com/
http://www.neterion.com/

SAP to Hold SAPPHIRE(R) 2010 Customer Conferences in Europe and U.S.

ORLANDO, Fla. and FRANKFURT, Feb. 9 /PRNewswire-FirstCall/ -- Building on the success of last year's SAPPHIREÂ® 2009 customer conference in Orlando, Florida, drawing an audience of more than 18,000 people online and in person, SAP AG today announced that this year's industry-leading show will be expanded to Europe. By holding SAPPHIRE 2010 simultaneously in Orlando, Florida, and Frankfurt, Germany, May 17 to 19, SAP aims to create an innovative, compelling and relevant experience that uses technology and social media to share SAP insights and innovations, and connect customers and partners around the world.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)

The European return of the IT industry's premier customer conference underlines SAP's commitment to customers as well as heightened demand for opportunities to engage with peers and SAP partners and representatives. The event continues on the heels of a major presence at the CeBIT trade fair, in Hanover, Germany, March 2-5, where Europe's largest software company will also host a German SAP World Tour event.

As the next evolution of the successful customer conferences, SAPPHIRE 2010 promises to elevate the show's long-standing reputation as the place to gain deeper insight into how best-run companies use SAP software to power best practices and how the SAP product road map will enable next practices. The events will use real-time connected sessions between Orlando and Frankfurt to help customers share with peers and experts at either physical location, expanding the opportunities to learn first-hand about customer successes, product innovations and industry trends.

Attendees will have faster access to more information than ever before, with information delivered via the latest interactive technologies on large-screen kiosks, where they can explore and experience innovative applications of business software by SAP, customers and partners. More than 250 partners are expected to participate in sessions and exhibit on the conference floor.

To register for the Orlando event, please visit http://www.sapandasug.com/; for registration for the Frankfurt event, please visit http://www.sap.com/sapphire/emea. Again this year, SAP and the Americas' SAP Users' Group (ASUG) are co-locating their annual events in Orlando, where the 2010 ASUG Annual Conference also takes place May 16-19.

Follow SAP on Twitter at @sapnews.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727) Contacts: Stacey Fish, +1-610-661-3303, stacey.fish@sap.com, EST Soenke Moosmann, +49 (0)6227 7-40529, soenke.moosmann@sap.com, CET

Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com SAP AG

CONTACT: Stacey Fish, +1-610-661-3303, stacey.fish@sap.com, EST, or
Soenke Moosmann, +49 (0)6227 7-40529, soenke.moosmann@sap.com, CET, both of
SAP AG

Web Site: http://www.sap.com/

Egencia Releases Global Hotel Study

LONDON, February 9 /PRNewswire/ --

- Research Examines Policy and Cost Control to Uncover Savings Opportunities; Company Also Announces Win of Bupa Corporate Travel Business

LONDON BUSINESS TRAVEL SHOW -- Egencia(R), an Expedia, Inc. company, today previewed results from a global study "Hotel Cost Control: Savings and Opportunities," finding that companies risk tremendous annual budget losses through unmanaged travel activity. Pairing insight from corporate travellers, travel executives and real-world travel programs, the study also examines common areas of loss, ways to prevent leakage and emerging opportunities for cost savings in an effort to establish industry best practices.

"The opportunity to share our knowledge along with insight from our clients around the world is an important part of Egencia's strategy," said Christophe Pingard, Senior Vice President, Egencia Europe. "As a global leader in travel management, we felt a dedicated study would let us examine this issue more acutely to identify best practices and ultimately help companies stop preventable losses."

Egencia UK also announced today that they have been named the corporate travel partner for Bupa, the leading international healthcare company. Egencia will deliver to Bupa a combination of superior service and technology to drive increased compliance and uncover savings opportunities.

Jason Cloke, Purchasing Manager for Bupa said, "After a thorough tendering process, we selected Egencia as our corporate travel provider because its proposed solutions best met our requirements. Access to Egencia's intuitive online booking tool and high quality customer service will help us deliver savings, while making the process speedier and more efficient for staff to book their travel."

Hotel Policy and Cost Control Research

A global survey of 433 travel executives revealed missed opportunities for corporations managing hotel spend, including that 30 percent said their companies did not have a hotel policy in place. Supporting data confirms other gaps including:

- 65% do not have city-specific hotel per diems - 33% use expense reporting to monitor compliance - 34% require pre-trip approval to monitor compliance - To encourage compliance: 32% proactively inform all travelers of the policy; 29% verbally reprimand travelers who book out of policy, 12% send email notification to those who book out of policy; and 12 percent do not enforce compliance at all.

These statistics are significant because defining hotel per diems by city or actively enforcing policy can help make a travel program more fiscally sound. Likewise, requiring pre-trip approval boosts compliance and deters unnecessary spending by palpable amounts.

"If employees book travel outside the corporate travel program or policy, the information is lost - no reporting, no analysis and no traveller record for safety purposes," said Christophe Peymirat, Managing Director and Vice President, Egencia UK. "When this information is captured through active program management, companies get valuable data. This can lead to better negotiated rates and more perks at relevant properties, similar to the discounts and amenities offered through the Egencia Preferred Rate program."

This issue was further underscored by the results of a global survey of 1,000 travellers and arrangers. Fifty-five percent of those that responded noted that their company does not enforce or simply encourages them to follow a hotel policy; and 32 percent said that their company does not have a hotel policy at all.

The Hotel Cost Control study also takes a deeper look at the benefits of proactive policy management and reducing leakage. For example, for Egencia clients with an average travel spend of $15 million or more, those actively enforcing policy savings saved roughly 17 percent on average daily rates (ADR) versus those companies that do not enforce hotel policy. Companies that enforce hotel policy also see 14 percent greater policy compliance and a 33 percent greater hotel trip attach rate versus un-enforced programs, meaning they are reducing leakage in their program.

Besides sharing best practices for policy implementation and enforcement, the study will also examine topics such as:

- Preferred supplier strategy and negotiation - Managing change within your organisation - Monitoring and policy oversight - Benefits of mandating

In its 2010 Forecast and Hotel Negotiability Index, Egencia found that hotels represented fertile ground for buyers to negotiate better rates and realise travel cost savings. To address this issue in-depth, Egencia invested in this global study and will share this along with other best practices in a free web seminar "Hotel Cost Control: Best Practices and Opportunities" on March 11, 2010, 10:00 a.m. Pacific time/1:00 p.m. Eastern time/6:00 p.m. GMT at Egencia.com. To register for the Webinar or to receive a free copy of the white paper, go to Egencia.co.uk or http://www.egencia.com/mktg/2010_q1_hotel/default.asp.

About Egencia, an Expedia, Inc. Company

Egencia is the fifth largest travel management company in the world. As part of Expedia, Inc., (NASDAQ: EXPE), the world's largest travel marketplace, Egencia helps businesses get ahead by offering the only truly integrated corporate travel service. Egencia's industry expertise helps drive results that matter, delivering meaningful advancements that have a real impact. By combining a powerful offline and online service, Egencia delivers a complete corporate travel offering supported by global market expertise and a best-in-class technology platform.

For more information, go to www.egencia.co.uk

Egencia and the Egencia logo are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.

Egencia

Samantha Robinson of Egencia UK, +44(0)7989965731, s.robinson@egencia.co.uk

PGI Organizes to Establish Market Leadership in Europe

CHARLOTTE, North Carolina, February 9 /PRNewswire/ --

- Company Names Scott Tracey to Head Regional Business

Polymer Group, Inc. (OTC Bulletin Board: POLGA; POLGB) (PGI) today announced two appointments in Europe to organize itself to achieve global leadership positions in this region.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080903/CLW036LOGO-b)

The company has named Scott Tracey vice president and general manager, Europe to lead the company's operations and growth in Holland, France and Spain. Ton van der Steenhoven also joins PGI as director of finance, procurement and IT for the regional business.

PGI acquired the Tesalca-Texnovo nonwovens businesses in Spain in late 2009, giving it state-of-the-art spunmelt technology in this part of the world and market expansion opportunities into Western Europe and Northern Africa.

Tracey has held various management positions with PGI in the U.S. for nearly six years. Most recently, he was vice president, sales, marketing and business development, leading the commercial efforts in the company's core hygiene, medical, industrial and wipes markets.

"Scott Tracey has been an instrumental cross-functional leader for PGI, helping to drive the company to be an innovative, market-driven, customer-focused organization guided by our core values and emphasis on operational excellence," said Veronica "Ronee" Hagen, chief executive officer. "He will continue this focus in running the European business."

Tracey has more than 18 years of experience working for manufacturing companies, including SOLO and Sweetheart Cup. He holds an MBA from Georgia State University and a bachelor's degree in marketing from Indiana University.

With over 20 years of experience in finance at multi-national, van der Steenhoven formerly was chief financial officer for Kroymans Corporation. He holds an MBA from the University of Utrecht and a bachelor's degree in economics.

"We are pleased to have Ton van der Steenhoven join PGI and bring his expertise in finance, procurement and IT to our European business," Hagen said.

Polymer Group, Inc., one of the world's leading producers of nonwovens, is a global, technology-driven developer, producer and marketer of engineered materials. With the broadest range of process technologies in the nonwovens industry, PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates 15 manufacturing and converting facilities in nine countries throughout the world.

Safe Harbor Statement

Except for historical information contained herein, the matters set forth in this press release are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that involve certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements speak only as of the date of this release. Important factors that could cause actual results to differ materially from those discussed in such forward-looking statements include: general economic factors including, but not limited to, changes in interest rates, foreign currency translation rates, consumer confidence, trends in disposable income, changes in consumer demand for goods produced, and cyclical or other downturns; cost and availability of raw materials, labor and natural and other resources and the inability to pass raw material cost increases along to customers; changes to selling prices to customers which are based, by contract, on an underlying raw material index; substantial debt levels and potential inability to maintain sufficient liquidity to finance our operations and make necessary capital expenditures; inability to meet existing debt covenants; achievement of objectives for strategic acquisitions and dispositions; inability to achieve successful or timely start-up on new or modified production lines; reliance on major customers and suppliers; domestic and foreign competition; information and technological advances; risks related to operations in foreign jurisdictions; and changes in environmental laws and regulations. Investors and other readers are directed to consider the risks and uncertainties discussed in documents filed by Polymer Group, Inc. with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.

For media inquiries, please contact: Cliff Bridges Global Marketing and HR Communications Director +1-704-697-5168 bridgesc@pginw.com

Polymer Group, Inc.

Cliff Bridges, Global Marketing and HR Communications Director, +1-704-697-5168, bridgesc@pginw.com

New CEO for Hoya Vision Care Europe

UITHOORN, The Netherlands, February 9 /PRNewswire/ -- Hoya announces the appointment of Mr. Hans Werquin (49) as CEO of Hoya Vision Care Europe starting the 1st of April 2010. He will report to Mr. Gerald W. Bottero, who has been leading the European branch in the past 5 years. Mr. Bottero will remain CEO of Hoya Vision Care globally.

Mr. Werquin has 20 years experience in the optical industry and is currently President of Hoya Lens Belgium and Hoya Lens France. Based in Paris, he will remain President of both companies, while Mr. Frank Van de Perck and Mr. Patrice Pineau will be appointed Vice President of respectively Hoya Lens Belgium and Hoya Lens France.

Hans Werquin: "I strongly believe in involving and mobilizing our customers and all Hoya teams in the unique innovative technologies of the HOYA Group, and I will devote my vision, passion and accountability to uplift these core strengths of the HOYA Group within Europe."

Gerry Bottero: "We feel that with the appointment of Mr. Werquin as CEO of Hoya Vision Care Europe, we strengthen our management on a European level, so Hoya Vision Care Europe can continue to carry out their supportive function within this important region, and grow its market share even further."

About Hoya Corporation

Hoya Corporation is a global technology company based in Tokyo, Japan, and the leading supplier of innovative and indispensable high-tech products and services based upon its advanced optics technologies. Hoya is active in four fields of business: (1) Eye Care provides eyeglasses, operates retail shops for contact lenses, and makes intraocular lenses for cataract surgery; (2) Life Care provides endoscopic system; (3) Electro-Optics makes mask blanks and photo masks for the semiconductor devices and LCD panels, optical lenses for digital cameras, and glass memory disks for HDDs; and (4) Imaging produces SLR/compact digital cameras, interchangeable lenses, lens modules and micro lenses. Hoya now has over 100 subsidiaries and affiliates, and employs approximately 32,700 people worldwide.

Hoya Corporation

For more information: Marijn de Winter, Marketing Manager, Hoya Vision Care Europe, Telephone: +31-297-514-225, E-mail: m.dewinter@hoya.nl

Doron Arazi to Step Down as Allot's Chief Financial Officer

HOD HASHARON, Israel, February 9 /PRNewswire-FirstCall/ -- Allot Communications Ltd. , a leader in IP service optimization and revenue generation solutions, today announced that Doron Arazi, the company's Chief Financial Officer, will be leaving Allot to pursue other interests. Mr. Arazi will continue as Chief Financial Officer through a transition period until early April, after the date on which the Company expects to file its annual report on Form 20-F for the 2009 fiscal year. The Company has commenced a search for a new Chief Financial Officer.

Mr. Arazi joined Allot as its Chief Financial Officer shortly after the company completed its initial public offering. In this position, he played a key role in overhauling Allot's financial and reporting activities and implementing new methodologies and systems which have significantly improved the company's capabilities in financial management and reporting. Mr. Arazi will remain available to the company in order to insure a smooth transition to his successor.

"Doron has done an excellent job in overhauling and managing Allot's financial activities, and putting a first rate finance department in place," said Rami Hadar, the company's President and Chief Executive Officer. "Management and the board of directors greatly appreciate Doron's contributions to Allot, and I would like to extend our thanks to him for his hard work and dedication to the company. We wish him all the best in his new endeavors."

About Allot Communications

Allot Communications Ltd. is a leading provider of intelligent IP service optimization solutions for fixed and mobile broadband operators and large enterprises. Allot's rich portfolio of solutions leverages dynamic actionable recognition technology (DART) to transform broadband pipes into smart networks that can rapidly and efficiently deploy value added Internet services. Allot's scalable, carrier-grade solutions provide the visibility, topology awareness, security, application control and subscriber management that are vital to managing Internet service delivery, enhancing user experience, containing operating costs, and maximizing revenue in broadband networks. For more information, please visit http://www.allot.com/.

Investor Relations Contact: Jay Kalish Executive Director Investor Relations International access code +972-54-221-1365 jkalish@allot.com

Allot Communications Ltd.

CONTACT: Investor Relations Contact: Jay Kalish, Executive Director
Investor Relations, International access code +972-54-221-1365,
jkalish@allot.com

Allot Communications Reports 21% Increase in Revenues to $11.5 Million for the Fourth Quarter of 2009Company Achieves Breakeven Results on a Non-GAAP Basis

HOD HASHARON, Israel, February 9 /PRNewswire-FirstCall/ -- Key highlights:

- Fourth quarter revenues reached $11.5 million, a 21% increase over the fourth quarter of 2008 - Fourth quarter non-GAAP net income of $19,000, as Company achieves break-even results - Cash, cash equivalents, deposits and investments in marketable securities increased to $53.3 million - Allot receives $17 million in orders from a global Tier 1 mobile operator during the year

Allot Communications Ltd. a leader in IP service optimization and revenue generation solutions, today announced achieving break-even results on a non-GAAP basis for the fourth quarter of 2009 as it reported its financial results for the fourth quarter and full year ended December 31, 2009.

Total revenues for the fourth quarter of 2009 reached $11.5 million, a 21% increase from the $9.6 million of revenues reported in the fourth quarter of 2008, and a 6% increase from the $10.8 million revenues reported for the third quarter of 2009. On a GAAP basis, net loss for the fourth quarter of 2009 was $1.5 million, or $0.07 per share (basic and diluted). This compares with net income of $1.0 million, or $0.05 per share (basic and diluted), in the fourth quarter of 2008, and a net loss of $2.3 million, or $0.10 per share (basic and diluted), in the third quarter of 2009. For the full year 2009, revenues reached $41.8 million, representing a 13% increase over the $37.1 million of revenues in 2008. On a GAAP basis, net loss in 2009 totaled $7.7 million, or $0.35 per share (basic and diluted), compared with a net loss of $16.5 million, or $0.75 per share (basic and diluted), in 2008.

On a non-GAAP basis, excluding the impact of share-based compensation, inventory and fixed assets write-offs and ARS devaluation and recoveries, non-GAAP net income for the fourth quarter of 2009 totaled $19,000, or $0.00 per share (basic and diluted), compared with a non-GAAP net loss of $1.1 million, or $0.05 per share (basic and diluted), for the fourth quarter of 2008 and a non-GAAP loss of $185,000, or $0.01 per share (basic and diluted), for the third quarter of 2009. Inventory and fixed assets write-offs for the fourth quarter of 2009 totaled $0.9 million following the rollout of certain new products. These non-GAAP measures should be considered in addition to, and not as a substitute for, comparable GAAP measures. A full reconciliation between GAAP and non-GAAP results is provided in the accompanying Table 2. The Company provides these non-GAAP financial measures because it believes that they present a better measure of the Company's core business and management uses the non-GAAP measures internally to evaluate the Company's ongoing performance. Accordingly, the Company believes that they are useful to investors in enhancing an understanding of the Company's operating performance.

"During 2009 Allot succeeded in continuing to grow revenues while making significant progress in moving towards our goal of profitability," commented Rami Hadar, Allot Communications' President and Chief Executive Officer. "We successfully undertook the largest deployment in our history with a global Tier 1 mobile operator, with total orders as at the end of the year reaching $17 million. Coupled with the strong backlog we built up during the year, we currently believe that Allot is well positioned for continued growth in 2010."

Recently, the Company achieved the following significant goals: - During the quarter, concluded 9 large deals with service providers, of which 4 represented new customers and 5 represented expansion deals; - Allot introduced two new platforms during the quarter, the AC-1400 and AC-3000, which address the needs of the Tier 2/3 and large enterprise markets; and - Service Gateway Sigma now supports 75 Gbps and may be clustered for up to 360 Gbps as verified by the independent Tolly Group.

As of December 31, 2009, cash, cash equivalents, deposits and investments in marketable securities totaled $53.3 million. Recent external valuations showed an increase in value of certain ARS in the Company's portfolio as of the end of the fourth quarter. As a result, the Company recorded an unrealized net gain of $0.7 million to other comprehensive income in its shareholders' equity, leaving the Company with a total of $14.5 million in ARS at the end of the quarter. To date, all ARS are current on their respective interest payments.

Conference Call & Webcast

The Allot management team will host a conference call will host a conference call to discuss its fourth quarter and full year 2009 results on Tuesday, February 9, 2010, at 8:30 AM EST, 3:30 PM Israel time.

To access the conference call, please dial one of the following numbers: US: +1-866-966-5335, International: +44-20-3003-2666, Israel: +1-809-216-213.

A replay of the conference call will be available from 12:01 am EST on February 10, 2010 through March 10, 2010 at 11:59 pm EST. To access the replay, please dial: +44-20-8196-1998, access code: 650204#.

A live webcast of the conference call can be accessed on the Allot Communications website at http://www.allot.com/. The webcast will also be archived on the website following the conference call.

About Allot Communications

Allot Communications Ltd. is a leading provider of intelligent IP service optimization solutions for fixed and mobile broadband operators and large enterprises. Allot's rich portfolio of solutions leverages dynamic actionable recognition technology (DART) to transform broadband pipes into smart networks that can rapidly and efficiently deploy value-added Internet services. Allot's scalable, carrier-grade solutions provide the visibility, topology awareness, security, application control and subscriber management that are vital to managing Internet service delivery, enhancing user experience, containing operating costs, and maximizing revenue in broadband networks. For more information, please visit http://www.allot.com/.

Safe Harbor Statement

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Company's plans, objectives and expectations for future operations, including the Company's belief that together with its strong backlog it is well positioned for continued growth in 2010. These forward-looking statements are based upon management's current estimates and projections of future results or trends. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to: changes in general economic and business conditions and, specifically, a decline in demand for the Company's products; the Company's inability to develop and introduce new technologies, products and applications; loss of market; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

TABLE - 1 ALLOT COMMUNICATIONS LTD. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except share and per share data) Three Months Ended December 31, 2009 2008 (Unaudited) Revenues $ 11,530 $ 9,562 Cost of revenues 3,548 2,448 Gross profit 7,982 7,114 Operating expenses: Research and development costs, net 2,408 2,855 Sales and marketing 5,849 4,510 General and administrative 1,371 1,363 In - process research and development - - Total Operating expenses 9,628 8,728 Operating Loss (1,646) (1,614) Financial and other income (expenses), net 52 2,730 Income (Loss) before income tax expenses (1,594) 1,116 Income tax expenses (74) 82 Net earnings (Loss) (1,520) 1,034 Basic and diluted net earnings (loss) per share $ (0.07) $0.05 Weighted average number of shares used in computing basic net earnings per share 22,385,132 22,065,556 Weighted average number of shares used in computing diluted net earnings per share 22,385,132 22,225,288 Year Ended December 31, 2009 2008 (Unaudited) (Audited) Revenues $ 41,751 $37,101 Cost of revenues 11,835 9,696 Gross profit 29,916 27,405 Operating expenses: Research and development costs, net 9,265 11,964 Sales and marketing 20,408 19,781 General and administrative 5,541 6,174 In - process research and development - 244 Total Operating expenses 35,214 38,163 Operating Loss (5,298) (10,758) Financial and other income (expenses), net (2,311) (5,517) Income (Loss) before income tax expenses (7,609) (16,275) Income tax expenses 63 220 Net earnings (Loss) (7,672) (16,495) Basic and diluted net earnings (loss) per share $(0.35) $(0.75) Weighted average number of shares used in computing basic net earnings per share 22,185,702 22,054,211 Weighted average number of shares used in computing diluted net earnings per share 22,185,702 22,054,211 TABLE - 2 ALLOT COMMUNICATIONS LTD. AND ITS SUBSIDIARIES RECONCILATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except per share data) Three Months Ended December 31, 2009 2008 (Unaudited) GAAP net income (loss) as reported $(1,520) $ 1,034 Non-GAAP adjustments Expenses recorded for stock-based compensation Cost of revenues 32 6 Research and development costs, net 92 84 Sales and marketing 215 64 General and administrative 252 218 In-process research and development - - Expenses related to a law suit - - Core technology amortization- cost of revenues 27 30 Inventory write off - cost of revenues 523 - Fixed assets write off - sales and marketing 385 - Total adjustments to operating loss 1,526 402 Impairment of auction rate securities - Financial and other income (expenses), net 13 (2,507) Total adjustments 1,539 (2,105) Non-GAAP net earnings (Loss) $ 19 $ (1,071) Non- GAAP basic and diluted net earnings (Loss) per share $ 0.00 $ (0.05) Three Months Ended December 31, 2009 2008 (Unaudited) GAAP net income (loss) as reported $ (7,672) $(16,495) Non-GAAP adjustments Expenses recorded for stock-based compensation Cost of revenues 104 52 Research and development costs, net 357 321 Sales and marketing 775 465 General and administrative 1,062 855 In-process research and development - 244 Expenses related to a law suit - 197 Core technology amortization- cost of revenues 116 119 Inventory write off - cost of revenues 523 - Fixed assets write off - sales and marketing 385 - Total adjustments to operating loss 3,322 2,253 Impairment of auction rate securities - Financial and other income (expenses), net 3,036 7,681 Total adjustments 6,358 9,934 Non-GAAP net earnings (Loss) $ (1,314) $ (6,561) Non- GAAP basic and diluted net earnings (Loss) per share $ (0.06) $ (0.30) TABLE - 3 ALLOT COMMUNICATIONS LTD. AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (U.S. dollars in thousands) December 31, December 31, 2009 2008 (Unaudited) (Audited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 36,470 $ 40,029 Short term and restricted deposits 2,324 2,121 Trade receivables 7,842 6,163 Other receivables and prepaid expenses 2,318 1,959 Inventories 5,046 4,259 Total current assets 54,000 54,531 LONG-TERM ASSETS: Marketable securities 14,490 15,319 Severance pay fund 3,410 3,402 Other assets 430 874 Total long-term assets 18,330 19,595 PROPERTY AND EQUIPMENT, NET 5,674 4,970 GOODWILL AND INTANGIBLE ASSETS, NET 3,639 3,755 Total assets $ 81,643 $ 82,851 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Trade payables $3,142 $2,902 Deferred revenues 5,467 4,475 Other payables and accrued expenses 7,212 6,466 Total current liabilities 15,821 13,843 LONG-TERM LIABILITIES: Deferred revenues 2,046 2,293 Accrued severance pay 3,364 3,536 Total long-term liabilities 5,410 5,829 SHAREHOLDERS' EQUITY 60,412 63,179 Total liabilities and shareholders' equity $81,643 $ 82,851 Investor Relations Contact: Jay Kalish Executive Director Investor Relations International access code +972-54-221-1365 jkalish@allot.com

Allot Communications Ltd.

CONTACT: Investor Relations Contact: Jay Kalish, Executive Director
Investor Relations, International access code +972-54-221-1365,
jkalish@allot.com

New CEO for Hoya Vision Care Europe

UITHOORN, The Netherlands, February 9 /PRNewswire-FirstCall/ -- Hoya announces the appointment of Mr. Hans Werquin (49) as CEO of Hoya Vision Care Europe starting the 1st of April 2010. He will report to Mr. Gerald W. Bottero, who has been leading the European branch in the past 5 years. Mr. Bottero will remain CEO of Hoya Vision Care globally.

About Hoya Corporation

Hoya Corporation

CONTACT: For more information: Marijn de Winter, Marketing Manager,
Hoya Vision Care Europe, Telephone: +31-297-514-225, E-mail:
m.dewinter@hoya.nl

NETGEAR Announces 3G Mobile Technology Collaboration With Ericsson on NETGEAR MBRN3300E 3G Wireless RouterMobile Router Integrates Internal 3G HSPA Radio, 802.11n Wireless and 10/100LAN

SAN JOSE, Calif., Feb. 9 /PRNewswire-FirstCall/ -- NETGEARÂ®, Inc. , a worldwide provider of technologically innovative, branded networking solutions, today announced a technology collaboration with 3G infrastructure leader EricssonÂ® resulting in the launch of the new NETGEAR MBRN3300E 3G Mobile Broadband Router with internal 3G radio, available now. Ericsson contributes its leadership in 3G mobile networks, while NETGEAR contributes world-class expertise in routing, firewalls, wireless and IP networks. NETGEAR will showcase the MBRN3300E in the Ericsson pavilion, Hall 6, during the GSMA Mobile World Congress trade show in Barcelona February 15-18.

"We are thrilled to cooperate with Ericsson, the global leader in 3G mobile broadband network technology," said Michael Clegg, vice president and general manager of the NETGEAR Service Provider Business Unit. "This collaboration furthers our position with mobile operators, and the resulting mobile platform can be migrated to higher speeds and enabled with added features going forward. It is a clear win-win partnership."

Mats Norin, vice president of Mobile Broadband Modules at Ericsson, added, "Mobile broadband connectivity over HSPA in routers opens up new opportunities in yet-untapped home, SOHO and semi-nomadic user scenarios. We are excited to deliver mobile broadband connectivity to a new segment, home network routers for NETGEAR."

Now available, the MBRN3300E Mobile Broadband Router combines a 3G WAN with 802.11n wireless and Ethernet LAN. As evidence of its industry-leading features, this Mobile Router sports 270 Mbps on the wireless LAN side and a full-featured firewall. Utilizing the Ericsson 3G mobile broadband technology, the MBRN3300E offers cost-efficient Internet access for home and business users and is ideal for:

-- locations that lack wired infrastructure; -- as an alternative to DOCSISÂ®, DSL or Fiber to the Home (FTTH); and -- Internet access from trains, buses, automobiles, RVs or boats. Proven Compatibility

Mobile network connections for routers are becoming increasing popular in many countries as a backup for or alternative to wired broadband. 3G mobile networks already offer speeds close to, or even exceeding, wired options. Mobile networks also offer service in locations where there are no high-speed wired Internet connections available or alternatives are far too expensive. Ericsson and NETGEAR together are expanding the market for mobile networks into untapped applications and are helping mobile operators generate higher revenues as their customers realize more reasons to use 3G networks for data and downloadable mobile entertainment.

A Unique Combination of Features

This new NETGEAR mobile broadband router offers many unique features not previously able to be delivered in a single device, including:

-- Live Parental Controls and content filtering -- Stateful Packet Inspection (SPI), VPN pass-through and Denial of Service protection -- Guest networks (multiple SSID) capability to enable customers to set up multiple wireless networks within a home or small business. (This is especially useful for setting up a dedicated network for guests to give them access to the Internet but not other resources and files on the network.) -- Automatic Quality of Service (QoS) for reliable video, voice and gaming -- A broadband usage meter to ensure accurate measurement of download Internet traffic with customized alerts when close to the monthly bandwidth threshold to help avoid excess usage charges -- Push 'N' Connect with industry standard Wi-FiÂ® Protected Setup (WPS) for securely connecting devices at the touch of a button -- On/off switches for power and 3G / Wi-Fi to help customers conserve energy -- Optional car power charger and a battery pack for complete mobile usage

Photos and other product information can be found here (http://www.netgear.com/Products/RoutersandGateways/3GMobileBroadband/MBRN3300 .aspx).

About NETGEAR, Inc.

NETGEAR (NASDAQGM: NTGR) designs innovative, branded technology solutions that address the specific networking, storage, and security needs of Small- to Medium-sized Businesses (SMBs) and home users. The company offers an end-to-end networking product portfolio to enable users to share Internet access, peripherals, files, multimedia content, and applications among multiple computers and other Internet-enabled devices. Products are built on a variety of proven technologies such as wireless, Ethernet and powerline, with a focus on reliability and ease-of-use. NETGEAR products are sold in over 28,000 retail locations around the globe, and via more than 39,000 value-added resellers. The company's headquarters are in San Jose, Calif., with additional offices in 25 countries. NETGEAR is an ENERGY STARÂ® partner. More information is available at http://www.netgear.com/ or by calling (408) 907-8000. Connect with NETGEAR at http://twitter.com/NETGEAR and http://www.facebook.com/netgear.

Â©2010 NETGEAR, Inc. NETGEAR and the NETGEAR logo are trademarks or registered trademarks of NETGEAR, Inc. in the United States and/or other countries. DOCSIS is a trademark of Cable Television Laboratories, Inc. Wi-Fi is a trademark of the Wi-Fi Alliance. Other brand and product names are trademarks or registered trademarks of their respective holders. Information is subject to change without notice. All rights reserved.

Note: Maximum wireless signal rate derived from IEEE Standard 802.11 specifications. Actual data throughput will vary from maximum signal rates stipulated. Network conditions and environmental factors, including volume of network traffic, building materials and construction, and network overhead, lower actual data throughput rate.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.:

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning NETGEAR's business and the expected performance characteristics, specifications, reliability, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR's products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease of use of NETGEAR's products may not meet the price, performance and ease of use requirements of customers; product performance may be adversely affected by real world operating conditions; failure of products may under certain circumstances cause permanent loss of end user data; new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR's products; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Part II - Item 1A. Risk Factors," pages 36 through 50, in the Company's quarterly report on Form 10-Q for the fiscal third quarter ended September 27, 2009, filed with the Securities and Exchange Commission on November 6, 2009. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

(Photo: http://www.newscom.com/cgi-bin/prnh/20100209/SF51655)

(Logo: http://www.newscom.com/cgi-bin/prnh/20030730/NETGEARLOGO)

Photo: http://www.newscom.com/cgi-bin/prnh/20100209/SF51655
http://www.newscom.com/cgi-bin/prnh/20030730/NETGEARLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com NETGEAR, Inc.

CONTACT: U.S. Media Contact, Lisa Hawes of Sterling Communications,
+1-408-884-5155, lhawes@sterlingpr.com, for NETGEAR, Inc.; or U.S. Sales
Inquiries, +1-408-907-8000, sales@netgear.com, or U.S. Customer Inquiries,
1-888-NETGEAR

Web Site: http://www.netgear.com/

Solarfun Proudly Supports Shanghai Jiao Tong University

SHANGHAI, Feb. 9 /PRNewswire-FirstCall/ -- Solarfun Power Holdings Co., Ltd., a vertically integrated manufacturer of silicon ingots and photovoltaic "PV" cells and modules in China, today announced its plan to support for and cooperate with Shanghai Jiao Tong University, a top tier university in China that boasts a renowned photovoltaic research center. Solarfun plans to donate RMB1 million over 5 years to support the creation of scholarships to the school's department of physics. The scholarships are intended to be created to help support research of photovoltaic technology, foster technology exchange between this university and Solarfun, and expedite the commercialization of new technology developed at the university.

Peter Xie, President of Solarfun, commented, "Education is not only one of the most important social functions that can help in the development of a society, but it is also a key area that we need to nurture in order for our industry to continue to mature. We proudly announce our plan to support Shanghai Jiao Tong University's department of physics and their commitment to the research and development of photovoltaic technology. We are proud of our relationships with this university and the development of these scholars, and we hope some of these aspiring new recruits join our industry and possibly our company in the future."

This report on Form 6-K is hereby incorporated by reference into the Company's Registration Statement on Form F-3 (Registration No. 333-152005) filed on July 14, 2008.

ABOUT SOLARFUN

Solarfun Power Holding Co. Ltd. manufactures both PV cells and PV modules, provides PV cell processing services to convert silicon wafers into PV cells and supplies solar system integration services in China. Solarfun produces both monocrystalline and multicrystalline silicon cells and modules and manufactures 100% of its modules with PV cells produced in-house. Solarfun sells its products both through third-party distributors, OEM manufacturers and directly to system integrators. Solarfun was founded in 2004 and its products have been certified to TUV and UL safety and quality standards.

SOLF-G For further information, please contact: Solarfun Power Holdings Co., Ltd. Investor Contact: Paul Combs V.P. Strategic Planning 26F BM Tower 218 Wusong Road Shanghai, 200080 P. R. China Tel: 86-21-26022833 /Mobile 86 138 1612 2768 E-mail: IR@solarfun-power.com Christensen Kathy Li Tel: +1 480 614 3036 E-mail: kli@ChristensenIR.com Roger Hu Tel: 852 2117 0861 E-mail: rhu@ChristensenIR.com

Solarfun Power Holdings Co., Ltd.

CONTACT: Investors, Paul Combs, V.P. Strategic Planning of Solarfun
Power Holdings Co., Ltd., P. R. China, 86-21-26022833, Mobile, 86 138 1612
2768, IR@solarfun-power.com; or Kathy Li, +1-480-614-3036,
kli@ChristensenIR.com, or Roger Hu, 852 2117 0861, rhu@ChristensenIR.com, both
of Christensen, for Solarfun Power Holdings Co., Ltd.

Delta Responds to Japan Airlines Announcement Regarding Alliance Partnership

TOKYO, Feb. 9 /PRNewswire-FirstCall/ -- Delta Air Lines today issued the following response Japan Airlines' (JAL) alliance decision.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090202/DELTALOGO )

"Delta is well positioned as the No. 1 carrier between the U.S. and Asia. Customers can continue to count on Delta for unmatched access to Japan, with nonstop service between 10 U.S. destinations and Tokyo. With recently announced plans to invest $1 billion in our product, Delta remains committed to providing a leading option for travel across the Pacific. Delta's competitive Pacific presence, along with our trans-Atlantic joint venture with Air France/KLM and leading position in global markets, will continue to allow Delta and our SkyTeam partners to meet demand worldwide."

Photo: http://www.newscom.com/cgi-bin/prnh/20090202/DELTALOGO Delta Air Lines

CONTACT: Delta Airlines, +1-404-715-2554

Web Site: http://www.delta.com/

OJSC VimpelCom Board Recommends Exchange Offer by VimpelCom Ltd.

MOSCOW and NEW YORK, Feb. 9 /PRNewswire-FirstCall/ -- Open Joint Stock Company "Vimpel-Communications" (the "Company") today announced that the Company's board of directors has unanimously recommended that the Company's shareholders and holders of American depositary shares ("ADSs") exchange their Company shares and ADSs for VimpelCom Ltd. depositary shares ("DRs") in the exchange offer launched today by VimpelCom Ltd. Immediately following the successful completion of the exchange offer, VimpelCom Ltd. intends to acquire all of the outstanding shares of Closed Joint Stock Company "Kyivstar G.S.M."

In connection with the board of directors' recommendation, the Company will file today with the United States Securities and Exchange Commission (the "SEC") a solicitation/recommendation statement on Schedule 14D-9, which contains more information on the background of the exchange offer and the board of directors' reasons for its recommendation. The Company urges its shareholders and ADS holders to read the Schedule 14D-9 and any amendments thereto carefully. Copies of the Schedule 14D-9 and any amendments thereto may be obtained free of charge from the SEC's website at http://www.sec.gov/.

Boris Nemsic, CEO of the Company, commented: "The launch of the tender offer is a very important step toward the goal of positioning the VimpelCom group as a global player in the telecommunications industry. We continue to support the transaction which we believe will create value for the Company's stakeholders and we welcome the participation of all our shareholders in the new company."

About VimpelCom Ltd.'s exchange offer

VimpelCom Ltd.'s exchange offer comprises a U.S. offer and a Russian offer. The U.S. offer is open to all holders of the Company's shares resident in the United States (including its territories and possessions) and all holders of the Company's ADSs, wherever located. The Russian offer is open to all holders of the Company's shares, wherever located. However, only shareholders who are "qualified investors" under Russian law may receive VimpelCom Ltd. DRs in exchange for their shares tendered into the Russian offer.

In the exchange offer, VimpelCom Ltd. is offering: -- to all holders of the Company's ADSs: one VimpelCom Ltd. common DR (representing one VimpelCom Ltd. common share) in exchange for each ADS; -- to all holders of the Company's common shares: 20 VimpelCom Ltd. common DRs (representing in the aggregate 20 VimpelCom Ltd. common shares) in exchange for each common share; and -- to all holders of the Company's preferred shares: 20 VimpelCom Ltd. preferred DRs (representing in the aggregate 20 VimpelCom Ltd. preferred shares) in exchange for each preferred share.

Alternatively, holders of shares and ADSs may elect to receive a cash payment of 0.01 Russian roubles for each common share or preferred share and 0.0005 Russian roubles for each ADS. This nominal cash consideration is being offered to comply with Russian regulations and is not intended to constitute fair market value. The Company's board of directors has recommended that Company's shareholders and ADS holders not elect to tender their shares and ADSs in exchange for the nominal cash consideration alternative.

The U.S. offer will close at 5:00 pm New York City time on April 15, 2010, and the Russian offer will close at 11:59 pm Moscow time on April 20, 2010, unless extended.

Successful completion of the exchange offer is contingent on more than 95% of the Company's outstanding shares (including those represented by ADSs) being tendered in the exchange offer, in addition to other conditions described in VimpelCom Ltd.'s registration statement on Form F-4 filed with the SEC, which contains a preliminary prospectus and related U.S. offer acceptance materials. Copies of the VimpelCom Ltd. registration statement and related U.S. offer acceptance materials may be obtained from Innisfree M&A Incorporated, the information agent for the U.S. offer, at the following telephone numbers: +1-877-800-5190 (for shareholders and ADS holders) and +1-212-750-5833 (for banks or brokers). Copies of the registration statement and exhibits also may be obtained free of charge from the SEC's website at http://www.sec.gov/.

In connection with the Russian offer, VimpelCom Ltd. has filed a voluntary tender offer document with the Russian Federal Service for the Financial Markets. The Company will deliver the Russian voluntary tender offer document, together with the recommendations of its board of directors and related Russian offer acceptance materials, to holders of the Company's shares. Copies of the Russian voluntary tender offer document and other documents related to the Russian offer may be obtained from ZAO "National Registration Company", the agent for the Russian offer, at the following telephone number: +7(495) 440-6324/25/45 ext. 205, or from the Company at the following telephone number : +7(495) 974 5888.

The Company has engaged UBS Investment Bank to act as its financial advisor and Akin Gump Strauss Hauer & Feld LLP to act as its legal advisor.

Important additional information

In connection with the U.S. offer, VimpelCom Ltd. has filed with the SEC a registration statement on Form F-4, which includes a preliminary prospectus and related U.S. offer acceptance materials. In addition, VimpelCom Ltd. is expected to file a Statement on Schedule TO with the SEC in respect of the U.S. offer. Holders of the Company's securities are urged to carefully read the VimpelCom Ltd. registration statement (including the preliminary prospectus), the VimpelCom Ltd. Statement on Schedule TO, and any other documents relating to the U.S. offer filed by VimpelCom Ltd. with the SEC, as well as any amendments and supplements to those documents, because they contain important information.

This announcement is not an offering document and does not constitute an offer to exchange or the solicitation of an offer to exchange securities or a solicitation of any vote or approval, nor shall there be any sale or exchange of securities in any jurisdiction in which such offer, solicitation or sale or exchange would be unlawful prior to the registration or qualification under the laws of such jurisdiction. The solicitation of offers to exchange the Company's securities for VimpelCom Ltd. DRs in the United States will only be made pursuant to the preliminary prospectus and related U.S. offer acceptance materials that are being mailed to holders resident in the United States (including its territories and possessions) of Company shares and all holders of Company ADSs, wherever located.

This announcement does not constitute advertisement of securities, including securities of foreign issuers, in the Russian Federation within the meaning of Federal Law No. 39-FZ "On the Securities Market" dated April 22, 1996, as amended (the "Securities Law"), Federal Law No. 46-FZ "On the Protection of Rights and Lawful Interests of Investors on the Securities Market" dated March 5, 1999, as amended, and Federal Law No. 38-FZ "On Advertising" dated March 13, 2006, as amended, or a public offer to purchase, sell, exchange or transfer to or for the benefit of any person resident, incorporated, established or having their usual residence in the Russian Federation, or to any person located within the territory of the Russian Federation, that does not fall under a legal definition of a "qualified investor" within the meaning of Article 51.2 of the Securities Law, or an invitation to or for the benefit of any such person, to make offers to purchase, sell, exchange or transfer any such securities.? ?The securities of VimpelCom Ltd. have not been and will not be admitted for placement, public placement or public circulation in the Russian Federation within the meaning of Article 51.1 of the Securities Law. This announcement is not for publication, release or distribution in or into or from any jurisdiction where it would otherwise be prohibited.

Cautionary note regarding forward-looking statements

This press release contains forward-looking statements. Such statements include, without limitation, those concerning the completion of the proposed exchange offer by VimpelCom Ltd. and the benefits of the transaction. The results or events predicted in these statements may differ materially from actual results or events because of risks and uncertainties, including, without limitation, the possibility that the exchange offer conditions are not satisfied and the exchange offer is not completed. Additionally, the Company and/or VimpelCom Ltd. may not realize the anticipated benefits of the transaction as a result of unforeseen developments in competition, or current or future changes in the political, economic and social environment or current or future regulation of the Russian, Ukrainian and CIS telecommunications industries. Additional information concerning factors that could cause results to differ materially from those in the forward-looking statements is contained in VimpelCom Ltd.'s registration statement on Form F-4 filed with the SEC and the Company's public filings with the SEC, including the Company's Annual Report on Form 20-F for the year ended December 31, 2008.

About VimpelCom

The VimpelCom Group consists of telecommunications operators providing voice and data services through a range of mobile, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia, Armenia, as well as Vietnam and Cambodia, in territories with a total population of about 340 million. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".

Vimpel-Communications

CONTACT: Alexey Subbotin of VimpelCom, +7-495-974-5888,
Investor_Relations@vimpelcom.com

Web Site: http://www.vimpelcom.com/

Artprice: Christie's Makes Another Vain Attempt to Take Control of Artprice at a Lower Price...

PARIS, February 9 /PRNewswire-FirstCall/ -- With complete transparency, Artprice, represented by its founder Thierry Ehrmann, hereby wishes to inform its 18,000 shareholders and the markets that Christie's Manson and Woods Ltd, Christie's France SAS and Christie's France SNC have launched a civil claim concerning our use of their sales catalogues and corporate identities (which they consider a "brand") and what they call acts of "parasitism" in using the announcements and results of their public sales.

Despite the complete absence of any serious claim from the point of view of intellectual property rights, Christie's has decided - 48 hours before the closure of the trial court's (first instance) pre-hearing preliminary proceedings (February 2010) and nearly two years after the beginning of the case which has not been subject to a court-ordered appraisal - to raise its claim from 2 million euros to 63 millions euros without any shadow of a new or serious increase in motive.

It should be pointed out that Christie's has a previous history of this type of action. In its new demand, Christie's has taken care not to reveal to the court that already in 2001 it launched a similar claim against Artprice concerning its catalogues (Christie's/ SG Archibald vs Artprice /Cabinet Alain Jakubowicz) which ended with Christie's dropping the claim without any concession from Artprice, whose readiness to defend its copyrights in France and the world has already been amply demonstrated.

At the time, Artprice's principal financial partner was the group headed by Bernard Arnault via Europatweb and Agafin. History is repeating, not by coincidence, just a couple of weeks ahead of the adoption of EU Services Directive 2006/123/CE including the notion of "online auction operators" which France had until 28 December 2009 to apply.

Artprice therefore wishes to communicate a) the details of the completely unfounded claims against it, and b) to inform the public that as a listed company traded on a regulated market without interruption since 2000, Artprice considers this manoeuvre a violation of France's Monetary & Financial Code. By contrast, Christie's an opaque and unlisted company, has all the freedom to act without the constraints of a supervisory authority. This information should therefore be considered as a supplement to the chapter "current litigation" (which already mentions this case) published by Artprice each year in its annual report and its regulated half-yearly report.

With respect to point (b) above, Artprice is justified in making a counter-claim for damages equal (at the very least) to the unfounded claim launched by Christie's. Artprice's defence is being organised by one of the best literary and artistic property rights specialists in France, Emmanuel Pierrat.

The auction sales catalogues are not considered as creative works qualifying for copyright protection for the following reasons (amongst others):

Containing highly summarized and simplified information, the auction sales catalogues are documents destined to provide the public with information that the auctioneers have no liberty with (decree ndegrees 81-255 of 3 March 1981 amended by decree ndegrees 2001-650 of 19 July 2001) as stated quite clearly by the Voluntary Sales Advisory in its practical guide for professionals (Guide Pratique, II, C).

As it happens, Christie's is perfectly aware that its catalogues cannot qualify for copyright since, like all the other auction companies, it deliberately elects to apply the normal VAT rate to the sale of its catalogues instead of the 5.5% rate which is applied to creative works (Art. 278 bis, 6degrees of the French General Tax Code).

In effect, since the French Tax Code gives catalogue publishers the right to opt for the reduced VAT rate in copyright situations or the normal VAT rate where no copyright is applicable, Christie's has knowingly opted for the normal rate and has therefore recognised, despite the extra cost to its clients, that its catalogues are not "creative works".

This choice is moreover in line with the French government's taxation doctrine which expressly excludes from qualification for the low VAT rate catalogues with no creative content, whose essential purpose is the sale of the products presented and, among such catalogues, it specifically mentions sales catalogues for public auctions (bulletin officiel des impots ndegrees 82 of 12 May 2005, section 12).

Christie's has the nerve to claim Artprice is guilty of "parasitism", causing losses in their business of catalogues when , as officially recorded by Artprice's bailiffs, Christie's gives free access to its online sales catalogues, notably in PDF format, without further requirement nor prior registration.

Moreover, Artprice has detected that these very same catalogues contain information from Artprice's proprietary data sources and econometrics such as indexes, prices and analyses, and has taken measures to have these facts officially recorded. In accordance with its declarations to the independent French National Commission for Information Technology and Civil Liberties (CNIL), Artprice possesses logs of the connections by all its clients such as Auctioneers, Valuers and experts, Art Institutions, Collectors, etc.

Unlike the auction houses, which just offer visitors to their websites the possibility to download their catalogues, Artprice dissects these catalogues in order to analyse the data within a specific industrial process and then restructures the analysed data into several variable fields constituting Artprice's original databases which are protected by sui generis copyright protection laws.

The sui generis law (L341-1 et seq. Intellectual Property Code.) was designed in Europe and in French domestic law to protect the substantial investments in databases (financial, material and/or human) that such an enterprise implies. The protection is granted to the producer of the database. It protects against the unauthorised retrieval and re-utilisation of all or a substantial part of the database. Violation of the sui generis law is punishable in the same terms as the crime of forgery. Artprice has regularly taken legal action against non-contractual usage of its databases and intends to exercise its rights in the framework of the case brought by Christie's.

Artprice then makes these enriched databases available online accompanied by commentaries by its own experts and historians which are protected by the law of 11 March 1957 on Literary and Artistic Property.

In fact, all the industrial processes involved in "Artprice Catalogs Library (R)" are patented and protected by the Agency for the Protection of Programmes (A.P.P). These industrial processes analyse each broken-down page of a sales catalogue that has been reviewed by an Artprice writer. In addition, each of the text fields of the sales catalogue is linked by referential integrities to the different databases which standardise the art market (artist ID, works ID, catalogue raisonne ID, bibliography ID, estimates / econometrics ID etc.).

This entire unique process is perfectly described in the video entitled Alchemy and the Future of Artprice at http://web.artprice.com/video/

We might add that since the end of 2007 Artprice has opened a new service relying on its databases: Artprice Images(R). This service offers access by lot and by artist to a database of international public sales catalogues from 1700 to the present day for which Artprice pays royalties to the ADAGP (French society for collective management in the visual arts) representing 43 copyright societies in different countries.

Artprice is one of the ADAGP's best clients in terms of the payment of copyright fees. The international press sees this agreement as a veritable success reconciling respect of copyright law with the globalisation of art market information, ensuring a fair remuneration of the authors, or their beneficiaries, who are members of the ADAGP.

This innovative legal approach proves that Artprice has always made every effort to comply with copyright laws. Indeed Artprice's approach is regularly cited as exemplary by different government Ministers and it is perfectly in line with the Minister for Culture Frederic Mitterand's ambition to foster proper enforcement of copyright laws in the internet era.

The real difference compared with Christie's is that Artprice is the global leader of art market information, owns hundreds of copyright protections under the sui generis law on databases, and continually applies for copyright protection for its commentaries and newsflashes that are distributed to 6,300 media organisations around the world.

Another particularly surprising aspect of this case is as follows: 3,600 auction houses around the world have been working in complete confidence with Artprice for 23 years and consider rely on Artprice as a vector of market acceleration and as contributing to the credibility of their promotions for public auctions, implemented by artists watch alerts to 1.3 million Artprice subscribers (member log in). Artprice therefore wonders what motives are pushing Christie's, which has not suffered any prejudice, to try to swim against the very clear direction that history is taking?

Francois Pinault's attempts to portray himself a swashbuckling filibuster have been irrevocably undermined by numerous books and reports in the French and international press. The heavy and lengthy litigation history associated with Francois Pinault and his Artemis holding company (Executive Life, etc.) that owns Christie's allows a very clear interpretation of the motives behind this latest attack on Artprice.

Thierry Ehrmann, founder and CEO of Artprice, confirms that the translation into French law of the EU Directive 2006/123/CE on Services, including the notion of online operators of electronic auctions, is perfectly in accordance with the different governmental projects and commissions to which Artprice has already given its support and its data.

On 28 October 2009, the French Senate adopted a bill proposed by the UMP senators Philippe Marini and Yann Gaillard liberalising voluntary auction sales in order to "foster greater competition, notably to the art market" according to the AFP (Agence France-Presse). During the debate, the Senate made frequent reference to Artprice and the different reports that our group has contributed to the parliamentary work on the reform.

Lastly, the adoption by the 27 Member States of the European Union of the Treaty of Lisbon that came into force on 1 December 2009, considerably strengthens Artprice's legal and judicial position as well as its economic capacity to defend itself against the sort of ultra-minority protectionist reflexes that Christie's has embarked upon.

Artprice's standardised and IP protected market place has therefore allowed our company to test and implement its online model since 2004 and to be ready to switch to online auctions, mainly as an operator, for the 3,600 Auction Houses.

In addition, the auction houses of 72 countries, in the framework of specific agreements, send Artprice more than 68% of their catalogues and data on our Secure Intranet (up 18% in just 6 months). This reflects, better than any other demonstration, the trust and confidence that characterises Artprice's relations with the Auction Houses. Likewise, thanks to Artprice's database on valuers (a large number of whom organise auctions themselves) there are no less than 7,400 key art market players that Artprice is gradually connecting to its standardised marketplace.

As a result of the global economic and financial crisis, nearly all the auction companies around the world are moving closer to Artprice (which has been working in close collaboration with them since 1987) in order to organise their auctions online as soon as the Directive is adopted, thanks to Artprice's standardised marketplace and its 1.3 million members. Artprice owns the largest "Fine Art" client portfolio in the world. For the art market, these client behaviour databases constitute the basis for the success of catalogued auction sales.

Christie's and its owners Francois Pinault and Artemis have understood that the Services Directive will allow the 3,600 auction houses and 7,400 valuers around the world to access Artprice's 1.3 million clients through its standardised marketplace protected by sui generis law at an infinitely smaller cost than the current premium rates (36% to 37.5% - source: CVV). The old lady from the Victorian era should wake up to the internet revolution rather than seeking to engage in bogus conflicts.

Francois Pinault being also a collector and a patron of the arts, according to his famous and explosive interview in: "The Book of Vanities" p. 32 by Elisabeth Quin, would have real reasons to exchange with Thierry Ehrmann who is also a sculptor and an artist with his Abode of Chaos and his Vanities, on "their religion of art" rather than through their lawyers.

Artprice is the world leader in art market information with over 25 million auction prices and indices covering over 405,000 artists. Artprice Images(R) offers unlimited access to the largest database of art market information in the world, a library of 108,000,000 images and engravings of art works from 1700 to the present day. Artprice continuously updates its databases with information from 3,600 international auction houses and provides daily information on art market trends to the main financial press agencies and to 6,300 press titles worldwide. Artprice offers standardised adverts to its 1,300,000 members (member log in) and is the world's leading market place for buying and selling works of art (source: Artprice).

Artprice is listed on Eurolist by Euronext Paris: Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF

Contact: Josette Mey, tel: +33(0)478-220-000, e-mail: ir@artprice.com

Artprice.com

CONTACT: Contact: Josette Mey, tel: +33(0)478-220-000, e-mail:
ir@artprice.com

TAT Technologies' Wholly Owned Subsidiary, Piedmont Aviation Component Services Signed New $7M' Contracts

GEDERA, Israel, February 9 /PRNewswire-FirstCall/ -- TAT Technologies Ltd. , a leading provider of services and products to the commercial and military aerospace and ground defense industries, today announced that its wholly owned subsidiary, Piedmont Aviation Components Services, signed two CRJ100 Landing Gear overhaul contracts - one exclusive contract with a regional North American operator and another contract with a respected European operator. The combined value of the contracts is estimated in excess of US$7M over a nine year period. Piedmont is based in Kernersville, NC and specializes in the maintenance support of regional aircraft Landing Gear and Honeywell's Auxilliary Power Unit ("APUs").

TAT's President and CEO, Dr. Shmuel Fledel, commented on the contracts "Signing these two contracts demonstrates TAT's leading position in the maintenance and overhaul industry and its advanced capabilities in supporting regional and general aviation operators, especially in the US and in Europe. These contracts are aligned with TAT's strategy - to increase volume of services provided to commercial aviation industry."

About TAT Technologies LTD

TAT Technologies LTD is a leading provider of services and products to the commercial and military aerospace and ground defense industries.

TAT operates under three operational segments: (i) OEM of Heat Transfer products (ii) OEM of Electric Motion Systems; and (iii) MRO services, each with the following characteristics:

OEM of Heat Transfer products primarily includes the (i) design, development, manufacture and sale of a broad range of heat transfer components (such as heat exchangers, pre-coolers and oil/fuel hydraulic coolers) used in mechanical and electronic systems on-board commercial, military and business aircraft; and (ii) manufacture and sale of environmental control and cooling systems and (iii) a variety of other electronic and mechanical aircraft accessories and systems such as pumps, valves, power systems and turbines.

OEM of Electric Motion Systems primarily includes the design, development, manufacture and sale of a broad range of electrical motor applications for airborne and ground systems. TAT activities in this segment commenced with the acquisition of Bental in August 2008 and accordingly, the results in this segment for fiscal year 2008 are not compared with the previous years.

MRO services include the remanufacture, repair and overhaul of heat transfer equipment and other aircraft components, APUs, propellers and landing gear. TAT's Limco subsidiary operates FAA (Federal Aviation Administration ) certified repair stations, which provide aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.

TAT also holds 37% in First Aviation Services, a world-wide distributor of products and services to the aerospace industry and a one-stop-shop for MRO services (wheels, breaks, propellers and landing gear) for the General Aviation Industry.

TAT's executive offices are located in the Re'em Industrial Park, Neta Boulevard, Bnei Ayish, Gedera 70750, Israel, and TAT's telephone number is +972-8-862-8500.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements which include, without limitation, statements regarding possible or assumed future operation results, synergies, customer benefits, growth opportunities, financial improvements, expected expense savings and other benefits anticipated from the merger. These statements are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management's current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations including, but are not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, the price and continuity of supply of component parts used in our operations, and other risks detailed from time to time in the company's filings with the Securities Exchange Commission, including its registration statement on form F-4, its annual report on form 20-F and its periodic reports on form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement.

For more information of TAT Technologies, please visit our web-site: http://www.tat.co.il/

Contact: Miri Segal-Scharia MS-IR LLC Tel: +1-917-607-8654 msegal@ms-ir.com Dr. Avi Ortal CEO Limco Piedmont Tel: +1-336-455-1785 avio@lpi.aero

TAT Technologies Ltd

CONTACT: Contact: Miri Segal-Scharia, MS-IR LLC, Tel: +1-917-607-8654,
msegal@ms-ir.com; Dr. Avi Ortal, CEO Limco Piedmont, Tel: +1-336-455-1785,
avio@lpi.aero

Egencia lance les résultats de son étude hôtel

PARIS, February 9 /PRNewswire/ --

- Cette étude porte sur les politiques hôtels des entreprises et le contrôle des coÃ»ts pour découvrir les opportunités d'économies ; elle montre les pertes significatives dues à un programme hôtel non optimisé.

Egencia(R), an Expedia, Inc. company, communique aujourd'hui les résultats de son étude mondiale "Contrôle des dépenses hôtels : économies et opportunités," mettant en avant les pertes financières que peut engendrer l'absence ou le manque de contrôle d'un programme hôtel. Grâce à des retours d'expérience de voyageurs d'affaires et de professionnels du voyage, l'étude met en avant la manière dont une entreprise peut anticiper et trouver des opportunités d'économies et ainsi montrer les bonnes pratiques de l'industrie.

<< L'opportunité de partager notre savoir et les remontées de nos clients dans le monde représente une partie importante de notre stratégie >> annonce Christophe Pingard, Vice President Senior, Egencia Europe. << En tant qu'acteur majeur du voyage d'affaires dans le monde, il nous semblait important d'effectuer notre propre étude sur le sujet pour identifier les bonnes pratiques et aider les sociétés clientes à prévenir d'éventuelles pertes. >>

Cette étude révèle également les opportunités non exploitées par les 433 Travel Manager et acheteurs, concernant les dépenses hôtels de leurs entreprises ; 30% des sociétés interrogées disent ne pas avoir mis en place de politique hôtel. Les données de l'étude confirme de nombreuses disparités entre les entreprises :

- 65% n'ont pas fixé de prix maximum hôtel par ville et par jour - 33% seulement utilisent le reporting pour contrôler les réservations conformes à la politique voyages - 34% demandent une validation avant voyage pour contrôler la conformité - Pour encourager la conformité, 32% communiquent pro activement aux voyageurs /assistantes de la politique voyages de l'entreprise ; 29% envoi des emails de notifications aux salariés qui ne respectent pas la politique voyages ; 12% ne font pas appliquer la politique voyages.

<< Nous savons que la mise en place d'une approbation avant voyage permet d'améliorer la conformité de la politique hôtel et de dissuader les collaborateurs d'effectuer certaines dépenses ; notre étude montre que cette stratégie pourrait Ãªtre adoptée par plus d'entreprises. >> dit Jérôme Fouque, Directeur Général d'Egencia France. << De la mÃªme manière, fixer un prix maximum hôtel par ville et par jour ou renforcer l'adoption d'une politique hôtel, sont d'autres moyens de rentabiliser votre programme voyages. >>

Malgré cette opportunité, 55% des personnes interrogées lors de l'enquÃªte affirment que leur entreprise ne les contraint pas ou ne les incite mÃªme pas à suivre la politique hôtel ; 32% indiquent que leur entreprise ne possède pas de politique hôtel.

Autre axe d'amélioration révélée par l'enquÃªte : lorsque qu'un salarié réserve un hôtel "hors politique voyages" ou hors du circuit traditionnel de réservation interne à l'entreprise, il engendre de la perte d'information et de données qui auraient pu permettre une meilleure négociation des tarifs auprès des hôteliers. D'autre part, les entreprises ne bénéficient des réductions et services supplémentaires proposés par les hôtels à tarifs << Egencia >>.

L'étude << Contrôle des coÃ»ts hôtels >> montrent les bénéfices d'un politique hôtel proactive et comment cela réduit l'impact sur les pertes. Par exemple, un client Egencia avec un budget de 10 Millions d'Euros ou plus, qui encourage le respect de la politique hôtel, peut économiser jusqu'à 17% sur le coÃ»t moyen d'une nuit d'hôtel par rapport à une société qui n'applique aucune politique hôtel. De plus, les sociétés qui appliquent une politique définie améliorent de 14% le nombre de réservations qui sont conforme à la politique hôtel et augmentent de 33% les réservations transport+hôtel par rapport aux sociétés sans politique hôtel ; elles limitent ainsi les pertes.

En plus de partager les bonnes pratiques sur la mise en place et l'application d'une politique hôtel, l'étude traite d'autres sujets :

- La négociation et stratégie fournisseurs - Gérer le changement dans son entreprise - Supervision et contrôle de la politique...

Dans notre étude 2010 << prévisions et index de négociabilité hôtel >>, Egencia a souligné l'opportunité que représente les hôtels pour les acheteurs : négocier de meilleurs tarifs et réaliser des économies. Pour approfondir le sujet, Egencia vous invite à partager les résultats et les bonnes pratiques lors d'un séminaire en ligne qui aura lieu le 11 mars 2010 à 19h. Pour vous inscrire ou recevoir le livre blanc : cliquez ici (http://www.egencia.com/mktg/2010_q1_hotel/default_FR.asp)

A propos d'Egencia, an Expedia, Inc. Company

Egencia est la cinquième agence de voyages d'affaires au monde. Au sein d'Expedia, Inc., (Nasdaq : EXPE), la plus grande place de marché du voyage au monde, Egencia aide les entreprises à aller de l'avant en leur fournissant une offre de voyages d'affaires complète, soutenue par un puissant service online et offline, et une expertise solide du marché mondial. Grâce à la mise à disposition en temps réel des données et de rapports personnalisables, intégrés au niveau international, Egencia s'engage à aider ses clients à augmenter leur compétitivité et à générer des économies, en leur donnant une meilleure compréhension et plus de contrôle sur leur budget voyage d'affaires.

Pour plus d'informations, rendez-vous sur www.egencia.fr

Egencia et le logo d'Egencia sont des marques déposées ou des marques commerciales d'Expedia, Inc. aux Etats-Unis et/ou dans d'autres pays. Les autres logos et noms de produits ou de sociétés mentionnés dans ce document peuvent appartenir à leurs propriétaires respectifs.

Egencia

Charlotte Griveaud, +33-1-73-01-02-88, c.griveaud@egencia.fr

PGI se restructure pour établir un leadership du marché européen

CHARLOTTE, Caroline du Nord, February 9 /PRNewswire/ --

- La Société désigne Scott Tracey à la direction des activités régionales

Polymer Group, Inc. (OTC Bulletin Board: POLGA; POLGB) (PGI) a annoncé aujourd'hui deux nominations en Europe dans le cadre d'une réorganisation afin de se positionner en tant que leader dans cette région du monde.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080903/CLW036LOGO-b)

La société a désigné Scott Tracey vice-président et directeur général pour l'Europe. M. Tracey dirigera les opérations et la croissance de la société en Hollande, en France et en Espagne. Ton van der Steenhoven se joint également à PGI en qualité de directeur financier, de l'approvisionnement et informatique pour les activités européennes.

Ã€ la fin 2009, PGI a procédé aux rachats des activités espagnoles de tissus non-tissés de Tesalca-Texnovo, ce qui lui a permis d'acquérir une technologie d'avant-garde en textile non-tissé dans cette région du monde, jetant ainsi les bases pour une expansion commerciale en Europe occidentale et en Afrique du Nord.

Depuis presque six ans, M. Tracey occupe divers postes de direction chez PGI aux Ã‰tats-Unis. Plus récemment, il était vice-président, ventes marketing et développement commercial, dirigeant les efforts commerciaux des créneaux d'activité de base de la société que sont l'hygiène, le secteur médical, le secteur industriel et les lingettes.

<< Scott Tracey a été un leader polyvalent et essentiel chez PGI, et ses réalisations nous auront permis de devenir une organisation innovante, à l'écoute du marché et de sa clientèle, et une entreprise qui est animée par nos valeurs fondamentales et qui met l'accent sur l'excellence opérationnelle >>, a déclaré Veronica << Ronee >> Hagen, PDG. << Ces objectifs continueront d'Ãªtre au coeur de son action dans la gestion des activités européennes. >>

M. Tracey possède plus de 18 ans d'expérience professionnelle dans les entreprises de fabrication, y compris SOLO et Sweetheart Cup. Il est titulaire d'un MBA de Georgia State University et d'une licence en marketing de l'Indiana University.

Avec plus de 20 ans d'expérience dans le milieu des finances multinationales, M. van der Steenhoven fut auparavant directeur financier de Kroymans Corporation. Il détient un MBA de l'université d'Utrecht et une licence en économie.

<< Nous sommes ravis d'accueillir dans nos rangs Ton van der Steenhoven et d'adjoindre son expertise dans la finance, l'approvisionnement et l'informatique à nos activités européennes >>, a déclaré Mme Hagen.

Polymer Group, Inc., un des plus importants fabricants de non-tissés à l'échelle mondiale, est un développeur technologique, un producteur et un vendeur de matériaux techniques. Possédant la plus importante gamme de technologies de transformation de l'industrie des non-tissés, PGI est un fournisseur mondial auprès de fabricants de produits de consommation et industriels de premier plan. La société exploite 15 sites de fabrication et de transformation répartis dans neuf pays.

Déclaration de règle refuge

Ã€ l'exception des informations historiques contenues dans le présent communiqué, les sujets abordés dans ce communiqué sont des énoncés prospectifs au sens de la section 27A de la loi Securities Act de 1993 et de la Section 21E de la loi Securities Exchange Act de 1934. Ces énoncés impliquent des risques et des incertitudes susceptibles de provoquer des écarts considérables entre les résultats réels et ceux décrits dans les énoncés prospectifs. Ces énoncés prospectifs ne sont valables qu'à la date de publication du présent communiqué. Les facteurs importants susceptibles d'entraîner des écarts considérables entre les résultats réels et ceux envisagés par les énoncés prospectifs sont : les facteurs économiques généraux, y compris mais sans limitation, les variations des taux d'intérÃªt, les taux de change des devises, la confiance des consommateurs, les tendances du revenu disponible, les évolutions de la demande des consommateurs pour les produits offerts et les ralentissements cycliques ou autres; le coÃ»t et la disponibilité des matières premières, de la main-d'oeuvre et des ressources naturelles et autres, et l'incapacité de facturer les augmentations du coÃ»t des matières premières aux clients; les évolutions des prix de vente aux clients, qui sont basés contractuellement, sur indice sous-jacent des matières premières; les niveaux considérables d'endettement et l'incapacité potentielle à maintenir des liquidités suffisantes pour financer nos opérations et effectuer les investissements nécessaires; l'incapacité de s'acquitter des obligations existantes de la dette; la réalisation des objectifs associés aux acquisitions et aux ventes stratégiques; l'incapacité d'avoir une mise en train couronnée de succès, ou dans les délais, des lignes de production, nouvelles ou modifiée; la dépendance à des clients et à des fournisseurs majeurs; la concurrence nationale et internationale; les progrès de l'informatique; les risques associés aux opérations dans des juridictions étrangères; les changements législatifs et réglementaires. Les investisseurs et autres consultants sont invités à étudier les risques et les incertitudes présentés dans les documents soumis par Polymer Group, Inc. auprès de la Commission des opérations de Bourse, y compris le rapport annuel de la société sur formulaire 10-K, et les rapports trimestriels ultérieurs sur formulaire 10-Q.

Pour plus de renseignements, la presse peut s'adresser à : Cliff Bridges Directeur des communications internationales +1-704-697-5168 bridgesc@pginw.com

Polymer Group, Inc.

Cliff Bridges, Directeur des communications internationales, +1-704-697-5168, bridgesc@pginw.com

Despite Treatment, Employees with Depression Generate Higher Absentee Costs, According to Thomson Reuters Study

ANN ARBOR, Mich., Feb. 9 /PRNewswire/ -- People with depression generate higher absentee and disability costs on the job -- even when they are treated with antidepressants, according to a study published today in the Journal of Occupational and Environmental Medicine.

The study, led by researchers from Thomson Reuters, analyzed insurance claims and employee health and productivity data for more than 22,000 patients diagnosed with depression and treated with antidepressants. Researchers compared this study group with a control group of patients without depression.

They found that employees treated for depression were roughly twice as likely as people in the control group to use short-term disability leave. For workers treated for severe depression, the short-term disability rate was three times higher.

Mean annual short-term disability-related costs were $1,038 for patients being treated for depression and $325 for the healthy control group. Among a subgroup of severely depressed patients, these short-term disability-related costs rose to $1,685 versus $340 for a control group.

"Despite the widely acknowledged effectiveness of antidepressant therapy, productivity costs related to depression persist even after patients receive treatment," said lead study author Suellen Curkendall, Ph.D., director of outcomes research at Thomson Reuters. "This may be due to the fact that patients often don't respond to the first type of antidepressant that they are prescribed. They also may fail to take their medications on a regular basis.

"These results shine a light on the importance of effective, ongoing management of care for people diagnosed with depression."

The link between depression and reduced workplace productivity has been well-documented in previous studies, but little research has focused on productivity losses among patients who receive treatment for depression. The study was funded by Sanofi Aventis.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and New York Stock Exchange . For more information, go to http://www.thomsonreuters.com/.

Thomson Reuters Healthcare

CONTACT: David Wilkins, +1-734-913-3397,
David.wilkins@thomsonreuters.com

Web Site: http://www.thomsonreuters.com/

Zebra Technologies Announces 2009 Fourth Quarter Financial ResultsImproved business in all regions leads to 72% sequential growth in operating income on an 11% sequential increase in sales that were well ahead of expectations

LINCOLNSHIRE, Ill., Feb. 9 /PRNewswire-FirstCall/ -- Zebra Technologies Corporation today announced 2009 fourth quarter net sales of $222,522,000 and net income of $17,630,000, or $0.30 per diluted share, including $2,737,000 in exit, restructuring and integration costs which lowered diluted earnings by $0.03 per share. For the fourth quarter of 2008, the company had net sales of $232,568,000 and a net loss of $117,361,000, or $1.88 per basic and diluted share. Results for the fourth quarter of 2008 include pretax non-cash impairment charges of $157,600,000, or $2.20 per basic and diluted share after tax, and pretax exit, restructuring and integration expenses of $7,791,000 which reduced earnings by $0.08 per basic and diluted share after tax.

"Strong customer demand in all geographic regions led to results well ahead of expectations, as customers invested in Zebra products and solutions to improve their business processes and become more competitive in a stabilizing economic environment," stated Anders Gustafsson, Zebra's chief executive officer. "We experienced broad-based sales through our industry-leading global channel network and to large enterprise customers."

Mr. Gustafsson added, "Zebra enters 2010 a leaner, more responsive company with many opportunities for growth and stockholder value creation. Streamlined North American sales and marketing processes are improving customer intimacy in the region. In Asia-Pacific, Latin America and other high-growth territories, we are adding Zebra sales personnel to capture more available business. New, innovative products, such as our recently introduced re-transfer card printer, are enabling us to meet more of our customers' identification and supply chain management needs."

At December 31, 2009, Zebra had $246,721,000 in cash and investments, and no long-term debt. Net inventories were $79,926,000, and net accounts receivable were $150,992,000.

Discussion and Analysis -- Net sales, up 10.8% from the third quarter of 2009 and down 4.3% from the fourth quarter of 2008, benefited from stronger customer demand in all geographic regions and an improved product mix including higher sales of high-performance and mid-range tabletop thermal printers. -- The improved product mix, higher volumes and benefits from outsourcing thermal printer production, offset by higher freight costs incurred to meet greatly increased customer demand, were the major factors affecting gross margins. -- Operating expenses continued to benefit from lower employee-related costs. -- During the fourth quarter of 2008, the company recorded non-cash charges of $157,600,000 following an impairment review in accordance with the Statement of Financial Accounting Standard (SFAS) No. 142 "Goodwill and Other Intangibles" (currently ASC 350) and SFAS No. 144 "Accounting for the Impairment or Disposal of Long-lived Assets" (currently ASC 360). The charges were primarily attributable to impairment of goodwill and other assets recorded in connection with acquisitions in Zebra Enterprise Solutions in response to then-current and expected business conditions primarily in automotive and industrial manufacturing associated with the business from the WhereNet acquisition in 2007. The impairment also included a charge for a reduction in the estimated value of radio frequency identification (RFID) licenses, patents and other intellectual property related to the company's Specialty Printing Group.

For the full year, net sales were $803,585,000 for 2009, compared with $976,700,000 for 2008. Net income for the twelve months was $47,104,000, or $0.79 per diluted share, including $12,191,000 in exit, restructuring and integration costs which lowered diluted earnings by $0.14 per diluted share. For 2008, net loss was $38,421,000, or $0.60 per basic and diluted share, including the $157,600,000 in impairment charges and $20,009,000 in exit, restructuring and integration costs.

Stock Purchase Update

During the fourth quarter of 2009, the company repurchased 593,552 shares of Zebra Technologies Corporation Class A Common Stock. At December 31, 2009, Zebra had 2,199,286 shares remaining in the company's stock buyback authorization and 58,318,983 shares of common stock outstanding.

First Quarter Outlook

Zebra announced its financial forecast for the first quarter of 2010. Net sales are expected within a range of $217,000,000 and $230,000,000. Diluted earnings per share are expected within a range of $0.25 and $0.32. This forecast includes expected exit and restructuring costs of $0.02 per diluted share.

Conference Call Notification

Investors are invited to listen to a live Internet broadcast of Zebra's conference call discussing the company's financial results for the fourth quarter of 2009. The conference call will be held at 11:00 AM Eastern Time today. To listen to the call, visit the company's Web site at http://www.zebra.com/.

Forward-looking Statement

This press release contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements regarding the company's financial forecast for the first quarter of 2010 stated in the paragraph above captioned "First Quarter Outlook." Actual results may differ from those expressed or implied in the company's forward-looking statements. These statements represent estimates only as of the date they were made. Zebra undertakes no obligation, other than as may be required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason after the date of this release.

These forward-looking statements are based on current expectations, forecasts and assumptions and are subject to the risks and uncertainties inherent in Zebra's industry, market conditions, general domestic and international economic conditions, and other factors. These factors include customer acceptance of Zebra's hardware and software products and competitors' product offerings, and the potential effects of technological changes. The widely reported uncertainty over future global economic conditions, the availability of credit, and capital markets volatility may have adverse effects on Zebra, its suppliers and its customers. Profits and profitability will be affected by Zebra's ability to control manufacturing and operating costs, including the effect of Zebra's activities to transfer final assembly of its printers to a third-party manufacturer. Because of a large investment portfolio, interest rates and financial market conditions will also have an impact on results. Foreign exchange rates will have an effect on financial results because of the large percentage of our international sales. The outcome of litigation in which Zebra may be involved is another factor. These and other factors could have an adverse effect on Zebra's sales, gross profit margins and results of operations and increase the volatility of our financial results. When used in this release and documents referenced, the words "anticipate," "believe," "estimate," and "expect" and similar expressions, as they relate to the company or its management, are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. Descriptions of the risks, uncertainties and other factors that could affect the company's future operations and results can be found in Zebra's filings with the Securities and Exchange Commission. In particular, readers are referred to Zebra's Form 10-K for the year ended December 31, 2008 and Form 10-Q for the quarter ended October 3, 2009.

Zebra Technologies Corporation helps its customers identify, track and manage assets, transactions and people with systems and solutions that improve business processes. Companies use innovative and reliable Zebra printers, supplies, RFID products and software to increase productivity, improve quality, lower costs, and deliver better customer service. Information about Zebra and Zebra-brand products can be found at http://www.zebra.com/.

ZEBRA TECHNOLOGIES CORPORATION CONSOLIDATED BALANCE SHEETS (Amounts in thousands) December December 31, 2009 31, 2008 ------------ -------- (Unaudited) ASSETS Current assets: Cash and cash equivalents $38,943 $33,267 Restricted cash 1,725 1,639 Investments and marketable securities 114,064 85,654 Accounts receivable, net 150,992 152,679 Inventories, net 79,926 100,199 Deferred income taxes 10,792 11,679 Income taxes receivable 3,550 - Prepaid expenses and other current assets 10,945 11,701 ------ ------ Total current assets 410,937 396,818 ------- ------- Property and equipment at cost, less accumulated depreciation and amortization 77,589 75,363 Long-term deferred income taxes 35,842 51,251 Goodwill 153,225 151,356 Other intangibles, net 55,982 66,359 Long-term investments and marketable securities 91,989 104,326 Other assets 4,915 5,405 ----- ----- Total assets $830,479 $850,878 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $28,137 $38,152 Accrued liabilities 52,591 67,911 Deferred revenue 24,082 18,366 Income taxes payable - 558 --- --- Total current liabilities 104,810 124,987 Deferred rent 4,108 4,903 Other long-term liabilities 9,432 10,250 ----- ------ Total liabilities 118,350 140,140 ------- ------- Stockholders' equity: Preferred Stock - - Class A Common Stock 722 722 Additional paid-in capital 136,104 144,861 Treasury stock (385,831) (344,147) Retained earnings 969,195 922,091 Accumulated other comprehensive loss (8,061) (12,789) ------ ------- Total stockholders' equity 712,129 710,738 ------- ------- Total liabilities and stockholders' equity $830,479 $850,878 ======== ======== ZEBRA TECHNOLOGIES CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (Amounts in thousands, except per share data) Three Months Ended Year Ended ------------------ ---------- December December December December 31, 2009 31, 2008 31, 2009 31, 2008 --------- --------- --------- --------- (Unaudited) (Unaudited) (Unaudited) Net sales: Net sales of tangible products $197,097 $206,410 $701,044 $871,587 Revenue from services and software 25,425 26,158 102,541 105,113 ------ ------ ------- ------- Total net sales 222,522 232,568 803,585 976,700 ------- ------- ------- ------- Cost of sales: Cost of sales of tangible products 110,611 109,734 401,727 452,208 Cost of services and software 10,433 11,945 41,137 45,187 ------ ------ ------ ------ Total cost of sales 121,044 121,679 442,864 497,395 ------- ------- ------- ------- Gross profit 101,478 110,889 360,721 479,305 ------- ------- ------- ------- Operating expenses: Selling and marketing 28,006 29,982 100,199 121,435 Research and development 21,516 23,104 85,089 94,449 General and administrative 20,373 20,090 85,032 87,885 Amortization of intangible assets 2,608 4,671 10,466 18,575 Claim settlement - - - (5,302) Exit, restructuring and integration costs 2,737 7,791 12,191 20,009 Asset impairment charges - 157,600 (1,058) 157,600 ------ ------- ------ ------- Total operating expenses 75,240 243,238 291,919 494,651 ------ ------- ------- ------- Operating income (loss) 26,238 (132,349) 68,802 (15,346) ------ -------- ------ ------- Other income (expense): Investment income 695 1,295 2,933 1,281 Foreign exchange gain (loss) 795 2,640 (45) 3,518 Other, net (546) (277) (1,167) (1,366) ---- ---- ------ ------ Total other income 944 3,658 1,721 3,433 --- ----- ----- ----- Income (loss) before income taxes 27,182 (128,691) 70,523 (11,913) Income taxes 9,552 (11,330) 23,419 26,508 ----- ------- ------ ------ Net income (loss) $17,630 $(117,361) $47,104 $(38,421) ======= ========= ======= ======== Basic earnings per share $0.30 $(1.88) $0.79 $(0.60) Diluted earnings per share $0.30 $(1.88) $0.79 $(0.60) Basic weighted average shares outstanding 58,583 62,561 59,306 64,524 Diluted weighted average and equivalent shares outstanding 58,769 62,561 59,425 65,524 ZEBRA TECHNOLOGIES CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in thousands) Year Ended ---------- December December 31, 2009 31, 2008 -------- -------- (Unaudited) Cash flows from operating activities: Net income (loss) $47,104 $(38,421) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 32,913 38,581 Share-based compensation 11,467 14,962 Asset impairment charges (1,058) 157,600 Impairment of investments 943 7,271 Excess tax benefit from share-based compensation (13) (192) Loss (gain) on sale of assets 829 (1,121) Deferred income taxes 16,247 (23,138) Changes in assets and liabilities, net of businesses acquired: Accounts receivable, net 8,747 (21,891) Inventories 22,315 (26,222) Other assets (718) (2,758) Accounts payable (16,105) 17,891 Accrued liabilities (16,315) 1,429 Deferred revenue 4,966 11,281 Income taxes payable (5,705) (1,002) Other operating activities 81 4,012 --- ----- Net cash provided by operating activities 105,698 138,282 ------- ------- Cash flows from investing activities: Purchases of property and equipment (24,890) (40,889) Proceeds from sale of asset - 14,796 Acquisition of businesses, net of cash acquired - (18,588) Acquisition of intangible assets (425) (1,384) Purchases of investments (329,292) (723,791) Maturities of investments 257,936 592,749 Sales of investments 56,020 198,541 ------ ------- Net cash provided by (used in) investing activities (40,651) 21,434 ------- ------ Cash flows from financing activities: Purchase of treasury shares (65,445) (157,582) Proceeds from exercise of stock options and stock purchase plan purchases 4,972 7,145 Excess tax benefit from share-based compensation 13 192 --- --- Net cash used in financing activities (60,460) (150,245) ------- -------- Effect of exchange rate changes on cash 1,089 (14,415) ----- ------- Net increase (decrease) in cash and cash equivalents 5,676 (4,944) Cash and cash equivalents at beginning of year 33,267 38,211 ------ ------ Cash and cash equivalents at end of year $38,943 $33,267 ======= ======= Supplemental disclosures of cash flow information: Income taxes paid 10,742 49,092 ZEBRA TECHNOLOGIES CORPORATION SUPPLEMENTAL SALES INFORMATION (Amounts in thousands) (Unaudited) SALES BY PRODUCT CATEGORY Three Months Ended ------------------ Percent of Percent of Product December December Percent Net Sales Net Sales Category 31, 2009 31, 2008 Change -2009 -2008 --------- -------- -------- ------ ----- ----- Hardware $156,706 $164,042 (4.5) 70.4 70.5 Supplies 39,011 40,870 (4.5) 17.5 17.6 Service and software 25,425 26,158 (2.8) 11.4 11.2 Shipping and handling 1,380 1,498 (7.9) 0.7 0.7 ----- ----- --- --- Total sales $222,522 $232,568 (4.3) 100.0 100.0 ======== ======== ===== ===== Year Ended ---------- Percent of Percent of Product December December Percent Net Sales Net Sales Category 31, 2009 31, 2008 Change -2009 -2008 --------- -------- -------- ------ ----- ----- Hardware $539,934 $692,638 (22.0) 67.1 70.9 Supplies 155,847 172,106 (9.4) 19.4 17.6 Service and software 102,541 105,113 (2.4) 12.8 10.8 Shipping and handling 5,263 6,843 (23.1) 0.7 0.7 ----- ----- --- --- Total sales $803,585 $976,700 (17.7) 100.0 100.0 ======== ======== ===== ===== SALES BY GEOGRAPHIC REGION Three Months Ended ------------------ Percent Percent of Net of Net December December Percent Sales - Sales - Geographic Region 31, 2009 31, 2008 Change 2009 2008 ----------------- -------- -------- ------ ---- ---- Europe, Middle East and Africa $82,377 $81,302 1.3 37.0 35.0 Latin America 20,196 17,871 13.0 9.1 7.7 Asia-Pacific 21,984 21,411 2.7 9.9 9.1 ------ ------ --- --- Total International 124,557 120,584 3.3 56.0 51.8 North America 97,965 111,984 (12.5) 44.0 48.2 ------ ------- ----- ---- ---- Total sales $222,522 $232,568 (4.3) 100.0 100.0 ======== ======== ===== ===== Year Ended ---------- Percent Percent of Net of Net Geographic December December Percent Sales - Sales - Region 31, 2009 31, 2008 Change 2009 2008 ---------- -------- --------- ------ ---- ---- Europe, Middle East and Africa $294,296 $353,273 (16.7) 36.6 36.2 Latin America 65,060 76,489 (14.9) 8.1 7.8 Asia-Pacific 82,120 102,672 (20.0) 10.2 10.5 ------ ---- ---- ---- Total International 441,476 532,434 (17.1) 54.9 54.5 North America 362,109 444,266 (18.5) 45.1 45.5 ------- ---- Total sales $803,585 $976,700 (17.7) 100.0 100.0 ======== ======== ===== ===== ZEBRA TECHNOLOGIES CORPORATION SUPPLEMENTAL SEGMENT INFORMATION (Amounts in thousands) (Unaudited) Three Months Ended Year Ended ------------------ ---------- December December December December 31, 2009 31, 2008 31, 2009 31, 2008 -------- -------- -------- -------- Net sales: Specialty Printing Group $203,122 $210,494 $722,556 $882,459 Zebra Enterprise Solutions 19,400 22,074 81,029 94,241 ------ ------ ------ ------ Total $222,522 $232,568 $803,585 $976,700 ======== ======== ======== ======== Cost of sales: Specialty Printing Group $113,253 $113,187 $410,311 $454,337 Zebra Enterprise Solutions 7,791 8,492 32,553 43,058 ----- ----- ------ ------ Total $121,044 $121,679 $442,864 $497,395 ======== ======== ======== ======== Operating expenses: Specialty Printing Group $42,519 $66,781 $164,124 $221,934 Zebra Enterprise Solutions 17,024 163,208 63,730 217,149 Corporate and other 15,697 13,249 64,065 55,568 ------ ------ ------ ------ Total $75,240 $243,238 $291,919 $494,651 ======= ======== ======== ======== Operating income (loss): Specialty Printing Group $47,350 $30,526 $148,121 $206,188 Zebra Enterprise Solutions (5,415) (149,626) (15,254) (165,966) Corporate and other (15,697) (13,249) (64,065) (55,568) ------- ------- ------- ------- Total $26,238 $(132,349) $68,802 $(15,346) ======= ========= ======= ======== Corporate and other includes corporate administration costs or assets that support both reporting segments. ZEBRA TECHNOLOGIES CORPORATION PRINTER UNITS and AVERAGE UNIT PRICES (Unaudited) Three Months Ended Year Ended December 31, December 31, ------------ Percent ------------ Percent 2009 2008 Change 2009 2008 Change ---- ---- ------ ---- ---- ------ Total printers shipped 244,100 249,902 (2.3) 850,230 972,478 (12.6) Average selling price of printers shipped $531 $538 (1.3) $527 $594 (11.3) CONTACT: Investors: Media: Douglas A. Fox, CFA Orlando De Bruce Vice President, Investor Relations Director, Global Public Relations and Treasurer +1 510 267 5052 +1 847 793 6735 odebruce@zebra.comdfox@zebra.com

Zebra Technologies Corporation

CONTACT: Investors, Douglas A. Fox, CFA, Vice President, Investor
Relations and Treasurer, +1-847-793-6735, dfox@zebra.com, or Media, Orlando De
Bruce, Director, Global Public Relations, +1-510-267-5052, odebruce@zebra.com,
both of Zebra Technologies Corporation

Web Site: http://www.zebra.com/

Comments By American Airlines CEO Gerard Arpey on Japan Airlines Decision to Continue Membership in oneworld AllianceAlliance Decision Clears the Way for Closer Cooperation to Benefit Consumers, Japan, and Japan Airlines

FORT WORTH, Texas, Feb. 9 /PRNewswire-FirstCall/ -- American Airlines today announced that it is pleased Japan Airlines (JAL) will continue and expand its successful relationship with American and the oneworldÂ® Alliance.

"We respect that this was an important decision for Japan Airlines and the government of Japan, and we believe they have made the right choice for JAL's many stakeholders, for Japan's national interests and for consumers traveling between Japan and the United States," said Gerard Arpey, American's Chairman and CEO. "When oneworld executives and I recently met with JAL Chairman Dr. Kazuo Inamori and President Masaru Onishi and their team, we reiterated our commitment to support JAL on its path to success. We stand firmly by that commitment, and look forward to working closely with JAL to support its restructuring efforts."

That support starts with being a valued and equal partner in oneworld, a collection of 11 of the finest airline brands in the world that offers JAL superior network presence in the markets that matter most. For example, for connections from Japan to the top markets within the Americas, Europe, Asia and Australia, in 16 of those 20 markets oneworld provides JAL with a stronger network presence than any other alliance. "The quality of oneworld is unrivaled," Arpey said.

American and JAL will now focus on building a joint venture that can offer JAL significant revenue growth beyond the stability that oneworld offers today.

"In the coming days, American will work with JAL's new management team to finalize a joint application for trans-Pacific antitrust immunity (ATI) that will be filed with the U.S. Department of Transportation (DOT)," Arpey said. "American remains confident that the ATI application will meet DOT's pro-consumer and pro-competition criteria for granting ATI, which will pave the way for our two airlines to operate a joint venture between U.S. and Japan." With immunity, both carriers may cooperate more closely and generate new revenue while providing better travel choices for customers.

"American and all its oneworld partners, and in particular British Airways and Qantas, look forward to working with JAL to create an even stronger partnership through commercial enhancements and assistance that can generate important new revenue to JAL and support its successful restructuring," Arpey added. The carriers previously outlined plans to deliver to JAL commercial benefits valued at approximately $2 billion in ongoing and incremental revenue over three years.

About American Airlines

American Airlines, American Eagle and AmericanConnectionÂ® serve 250 cities in 40 countries with, on average, more than 3,400 daily flights. The combined network fleet numbers more than 900 aircraft. American's award-winning Web site, AA.comÂ®, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworldÂ® Alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members serve nearly 700 destinations in more than 130 countries and territories. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation.

About oneworld: oneworld brings together some of the best and biggest names in the airline business - American Airlines, British Airways, Cathay Pacific, Finnair, Iberia, Japan Airlines, LAN, Malev Hungarian Airlines, Mexicana, Qantas and Royal Jordanian, and around 20 affiliates including American Eagle, Dragonair, LAN Argentina, LAN Ecuador and LAN Peru. Russia's S7 Airlines will join the alliance in 2010. Between them, these airlines:

-- Serve almost 750 airports in nearly 150 countries, with some 8,500 daily departures -- Offer nearly 550 airport lounges for premium customers -- Carry some 330 million passengers a year -- Employ 300,000 people -- Operate almost 2,500 aircraft -- Generate some US$100 billion annual revenues in total

The alliance enables its members to offer their customers more services and benefits than any airline can provide on its own. These include a broader route network, opportunities to earn and redeem frequent flyer miles and points across the combined oneworld network and more airport lounges. oneworld also offers more alliance fares than any of its competitors. oneworld was voted the World's Leading Airline Alliance for the seventh year running in the latest (2009) World Travel Awards.

Current AMR Corp. releases can be accessed on the Internet.

The address is http://www.aa.com/

American Airlines

CONTACT: Corporate Communications of American Airlines, +1-817-967-1577,
mediarelations@aa.com

Web Site: http://www.aa.com/

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