Innovative 'Vonage Text' Service Launched TodayUsers Can Read Voicemails Anywhere, Anytime

HOLMDEL, N.J., April 25 /PRNewswire-FirstCall/ -- Vonage today became the first major U.S. service provider to offer consumers the convenience of reading their voicemails anywhere, anytime they want, through Vonage Text, a service which automatically transcribes voicemails to text so customers can read them right from their e-mail.

With Vonage Text, customers can easily read, store, search, and respond to their voicemail messages on their phone, laptop or mobile device -- whenever, wherever and however they choose. This allows users to scan new messages to see which are urgent, and prioritize their responses. Customers can also search for specific information within e-mail messages.

"Being able to read voicemails while on the go has been a huge advantage for me, and I'm confident our customers will appreciate the newest innovative, time-saving feature to be offered by Vonage," said Jeffrey Citron, Chairman, Chief Strategist and Interim CEO of Vonage. "I don't have to write down important messages -- it's already been done -- and I don't have to strain to hear messages in crowded places like restaurants or airports."

Vonage Text is the latest in a series of service and feature introductions by Vonage that help customers save time and enjoy a more convenient lifestyle. Existing Vonage subscribers can sign up for this service through their web account. For more information on Vonage Text, please visit http://www.vonage.com/.

About Vonage

Vonage is a leading provider of broadband telephone services with over 2.4 million subscriber lines. Our award-winning technology enables anyone to make and receive phone calls with a touch tone telephone almost anywhere a broadband Internet connection is available. We offer feature-rich and cost-effective communication services that offer users an experience similar to traditional telephone services. Our Residential Premium Unlimited and Small Business Unlimited calling plans offer consumers unlimited local and long distance calling, and popular features like call waiting, call forwarding and voicemail -- for one low, flat monthly rate. Vonage's service is sold on the web and through national retailers including Best Buy, Circuit City, Wal-Mart and Target and is available to customers in the United States, Canada and the United Kingdom. For more information about Vonage's products and services, please visit http://www.vonage.com/. Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage(R) is a registered trademark of Vonage Marketing Inc., a subsidiary of Vonage Holdings Corp.

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Vonage

CONTACT: Meghan Shaw of Vonage, +1-732-203-7133, Meghan.shaw@vonage.com;
or Jeff Gordon of Weber Shandwick, +1-212-445-8064,
Jeff.Gordon@webershandwick.com, for Vonage

Web site: http://www.vonage.com/

Komag Reports First Quarter 2007 Financial Results- Revenue up 27% over prior year period- Over 8.4 million PMR disks shipped in the first quarter of 2007- 9.7 million PMR disks shipped in the past two quarters

SAN JOSE, Calif., April 25 /PRNewswire-FirstCall/ -- Komag, Incorporated , a leading independent supplier of thin-film media for disk drives, today announced revenue of $264.7 million and diluted earnings per share of $0.99 for the first quarter of 2007. Revenue increased 27% over the prior year's first quarter. Finished disk shipments increased 25% in the first quarter of 2007 compared to the prior year period and decreased 5% from the fourth quarter of 2006.

(Logo: http://www.newscom.com/cgi-bin/prnh/19990816/KOMGLOGO )

Tim Harris, Komag's Chief Executive Officer stated, "The first quarter of 2007 followed a fairly typical seasonal pattern. Overall demand for disk drives and our media tends to be slower in the first half of the calendar year. We shipped 39.8 million finished disks in the first quarter of 2007, of which over 8.4 million or 21% of our finished disk shipments were advanced PMR disks. PMR disk shipments over the last two quarters totaled 9.7 million disks."

Revenue in the first quarter included sales of precious metals inventory totaling $11.2 million. Gross margin for the first quarter was negatively impacted by the high cost of precious metals primarily used in the production of PMR media and an unfavorable Malaysian Ringgit currency rate change.

In March 2007, the Company issued $250 million of 2.125% Convertible Subordinated Notes due in 2014. The Company used approximately $125 million of the proceeds to buy back 3,815,000 shares of the Company's common stock. The stock repurchases were made under a $200 million stock buy back program established by the Board of Directors in March 2007.

On April 13, 2007, the Company completed its previously announced redemption of its $80.5 million 2.0% Convertible Subordinated Notes due 2024 (the "2.0% Notes"). Holders of all of the 2.0% Notes elected to convert their notes into shares of the Company's common stock, in accordance with the terms of the notes, rather than having their notes redeemed and receiving the redemption price. In connection with the conversion of the 2.0% Notes, the Company issued 3,049,234 shares of its common stock.

These 3,049,234 shares of common stock have been included in the number of diluted shares outstanding for the earnings per share calculation since the 2.0% Notes were issued in 2004. As such, the conversion of the 2.0% Notes into shares of common stock will not impact the number of diluted shares outstanding in the future.

First Quarter Review

Sales to Western Digital, Seagate and Hitachi Global Storage Technologies accounted for 37%, 37% and 21% of disk product (media and substrates) revenue in the first quarter of 2007, respectively. Total finished disk shipments were 39.8 million in the first quarter of 2007.

High capacity 3.5-inch advanced disks with storage capacities of 160GB and above represented approximately 41% of our total finished disk shipments in the first quarter of 2007. This included shipments of over 8.4 million PMR disks. These disks are primarily targeted for high capacity desktop and multi- platter consumer applications. These rapidly growing consumer applications include personal video recorders (PVRs), digital video recorders (DVRs), high definition television (HDTV), external storage, gaming and other home entertainment devices.

Other revenue, which includes sales of aluminum substrates, nickel-plated polished aluminum substrates and textured substrates, and the sale of precious metals inventory, accounted for 18% of our total revenue in the first quarter. Other revenue, excluding the sale of precious metals inventory, represented 14% of disk product revenue.

Business Outlook

"We expect that revenue in the second quarter of 2007 will be down approximately 8% to 10%, excluding the $11.2 million sale of precious metals inventory in the first quarter of 2007. While we normally plan for a seasonal decline in the second quarter, we started the second quarter more slowly than normal as some customers readjusted their plans to the current demand environment.

With our expected revenue level, the mix of finished media and substrate sales and lower capacity utilization, our net margin is expected to be in the range of 8% to 10% in the second quarter of 2007.

Komag is continuing to ramp up our PMR media and we expect shipments of this new technology product to grow significantly over the course of 2007. We expect to qualify into a 65mm glass PMR program as early as the second quarter of 2007," said Mr. Harris.

About Komag

Founded in 1983, Komag is a leading independent supplier of thin-film disks, the primary high-capacity storage medium for digital data. Komag leverages the combination of its world-class U.S. research and development center and Malaysian manufacturing operations to produce disks that meet the high-volume, stringent quality, low cost and demanding technology needs of its customers. By enabling rapidly improving storage density at ever-lower cost per gigabyte, Komag seeks to create extraordinary value for consumers of computers, enterprise storage systems and electronic appliances such as digital video recorders, game boxes and consumer electronic storage systems.

For more information about Komag, visit Komag's Internet home page at http://www.komag.com/. The Investors section of the website provides a variety of financial and investor information, including an investor presentation. To request an investor packet, call Komag's Investor Relations at 408-576-2901.

Forward-Looking Statements

This press release contains certain "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 are subject to the safe harbors created thereby. These statements represent the Company's current judgment and include, but are not limited to, the expectation that revenue for disk products (excluding the sale of precious metals inventory in the first quarter) in the second quarter of 2007 is expected to be down approximately 8% to 10% compared to the first quarter of 2007, the Company's expectations regarding product transition plans and increase in the production of PMR products, the Company's expectations for PMR media shipments and customer qualifications (including glass media) during 2007, the Company's expectation regarding the growth of the disk drive industry for 2007, the Company's expectation that net margin will be in the range of 8% to 10% in the second quarter of 2007, the Company's ability to accurately estimate costs, net margin, the market for unit shipments of disks and disk drives, the Company's belief in continued increased demand trends, and the benefits of the Company's increased capacity arrangements with its customers and market growth opportunities. The Company's actual results for future periods could differ materially from those projected in such forward- looking statements. Factors that could cause actual results to differ include, but are not limited to, the Company's ability to achieve operating yield, cost and profitability targets, adverse changes in the currency exchange rate for the Malaysian ringgit, continued customer demand and the impact of demand variation on factory utilization, the performance by the Company and customers of their obligations under the respective increased capacity arrangements, changes in demand, changes in the price and availability of raw materials (including ruthenium which has experienced significant price increases), the Company's ability to increase capacity, variability in demand and associated impact on average selling price of disks, the Company's ability to satisfy customer qualification requirements and meet shipping demands, the Company's expectation that industry unit demand will continue to grow and not decline and the Company's ability to produce new generation disks in volume and the other factors described in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to, our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Komag undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of such statements.

KOMAG, INCORPORATED Consolidated Income Statements (in thousands, except per share data) (Unaudited) Three Months Three Months Three Months Ended Ended Ended April 1, December 31, April 2, 2007 2006 2006 Net Sales $264,666 $255,929 $208,512 Cost of Sales 205,660 194,088 149,419 Gross Profit 59,006 61,841 59,093 Gross Profit % 22.3% 24.2% 28.3% Research, Development, and Engineering Expense 16,499 15,408 15,075 Selling, General, and Administrative Expense 8,467 7,289 8,024 Gain on Disposal of Assets (54) (145) (60) Operating Income 34,094 39,289 36,054 Interest Income 1,459 1,510 2,071 Interest Expense (511) (441) (441) Other Income (Expense), Net (5) 7 (476) Income before Income Taxes 35,037 40,365 37,208 Provision (Benefit) for Income Taxes 2,060 (6,144) 971 Net Income $32,977 $46,509 $36,237 Net Income % 12.5% 18.2% 17.4% Basic Net Income per Share $1.09 $1.54 $1.22 Diluted Net Income per Share $0.99 $1.39 $1.09 Basic Shares Outstanding 30,166 30,138 29,685 Diluted Shares Outstanding 33,811 33,715 33,499 KOMAG, INCORPORATED Condensed Consolidated Balance Sheets (in thousands) April 1, 2007 December 31, 2006 ASSETS (Unaudited) (NOTE 1) Cash, Cash Equivalents, and Short- Term Investments $253,458 $171,132 Receivables, Net 136,941 140,230 Inventories: Raw Materials 130,993 78,701 Work In Process 17,368 15,900 Finished Goods 11,240 9,580 Total inventories 159,601 104,181 Prepaid Expenses and Deposits 2,437 2,119 Total Current Assets 552,437 417,662 Property, Plant, and Equipment, Net 538,890 542,585 Other Assets 21,668 17,440 TOTAL ASSETS $1,112,995 $977,687 LIABILITIES AND STOCKHOLDERS' EQUITY Trade Accounts Payable $148,769 $139,477 Customer Advances 101,139 127,181 Other Liabilities 15,651 25,412 Total Current Liabilities 265,559 292,070 Long-Term Debt 330,500 80,500 Other Long-Term Liabilities 3,677 3,091 Stockholders' Equity 513,259 602,026 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $1,112,995 $977,687 NOTE 1: The Condensed Consolidated Balance Sheet at December 31, 2006 was derived from the audited financial statements. KOMAG, INCORPORATED Condensed Consolidated Statements Of Cash Flows (In thousands) Three Months Ended April 1, 2007 April 2, 2006 (Unaudited) (Unaudited) Operating Activities Net income $32,977 $36,237 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of property, plant, and equipment 25,562 14,474 Other non-cash items 7,764 4,502 Changes in operating assets and liabilities (76,931) 3,520 Net cash provided by (used in) operating activities (10,628) 58,733 Investing Activities Acquisition of property, plant, and equipment (24,655) (73,988) Short-term investments, net (20,500) 20,050 Other 98 34 Net cash used in investing activities (45,057) (53,904) Financing Activities Proceeds from long-term obligations, net of issuance costs 243,235 - Repurchase of common stock (126,492) (1,049) Proceeds from sale of common stock, net 682 2,225 Net cash provided by financing activities 117,425 1,176 Effect of exchange rate changes on cash and cash equivalents 86 - Increase in cash and cash equivalents 61,826 6,005 Cash and cash equivalents at beginning of period 129,632 99,984 Cash and cash equivalents at end of period $191,458 $105,989

Photo: http://www.newscom.com/cgi-bin/prnh/19990816/KOMGLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Komag, Incorporated

CONTACT: Kathy Bayless, Chief Financial Officer of Komag, Incorporated,
+1-408-576-2000, or ir_web@komag.com

Web site: http://www.komag.com/

ARRIS Announces Preliminary and Unaudited First Quarter 2007 Results

SUWANEE, Ga., April 25 /PRNewswire-FirstCall/ -- ARRIS Group, Inc. , a global communications technology leader in the development of advanced cable telephony and next generation high-speed data solutions across the broadband local access network, today announced preliminary and unaudited financial results for the first quarter 2007.

Financial Highlights: -- Revenues were $235.3 million for the first quarter 2007, up 13.0% as compared to $208.3 million in the first quarter 2006 and up slightly as compared to $234.6 million in the fourth quarter 2006. -- Operating income in the first quarter 2007 was $26.0 million and compares to $19.6 million in the first quarter 2006 and $28.5 million in the fourth quarter 2006. -- Net income in the first quarter 2007 was $37.6 million or $0.34 per diluted share and compares to net income of $20.7 million or $0.19 per diluted share in the first quarter 2006 and to net income of $70.3 million or $0.64 per diluted share in the fourth quarter 2006. The first quarter 2007 reflected certain after tax benefits associated with the termination of the proposed TANDBERG Television transaction as discussed below. Excluding these items, net income per diluted share in the first quarter 2007 was $0.20 (a non-GAAP measure). -- Gross margins were 29.2% in the first quarter 2007 as compared to 27.1% in the first quarter 2006 and 29.3% in the fourth quarter 2006. -- Cash, cash equivalents, and short-term investments at the end of the first quarter 2007 were $575.9 million, up significantly from $165.8 million at the end of the first quarter 2006 and $549.2 million at the end of the fourth quarter 2006, and include approximately $276.0 million raised in the 2% Convertible Senior Notes offering completed in November 2006. Cash used by operating activities was $4.0 million in the first quarter 2007. -- Book-to-bill ratio improved sharply to 1.33 in the first quarter as compared to 1.01 in the first quarter 2006 and 0.87 in the fourth quarter 2006. Financial details:

Revenues were $235.3 million for the first quarter 2007, up 13.0% as compared to $208.3 million in the first quarter 2006 and up slightly as compared to $234.6 million in the fourth quarter 2006. Demand for the Company's Voice over IP (VoIP) and high speed data products remains robust as cable operators' have announced increases in capital spending plans and market acceptance of aggressive Multi System Operators (MSOs) marketing plans for voice, data and video services in 2007.

Net income in the first quarter 2007 was $37.6 million, or $0.34 per diluted share, as compared to the first quarter 2006 net income of $20.7 million, or $0.19 per diluted share, and the fourth quarter 2006 net income of $70.3 million, or $0.64 per diluted share. The first quarter 2007 results include after tax benefits, net of expenses, of $17.4 million, or $0.16 per diluted share, related to a termination fee and foreign exchange gains associated with the proposed TANDBERG Television transaction which was terminated in March 2007. Excluding the benefits associated with the termination of the TANDBERG Television transaction and certain other items, net income in the first quarter was $0.20 per diluted share. Fourth quarter 2006 net income, as previously disclosed, includes $38.8 million, or $0.35 per diluted share, of certain tax benefits, in particular, a reduction in valuation allowances related to deferred tax assets. A reconciliation of GAAP to non-GAAP earnings per share is attached to this release and also can be found on the Company's website (http://www.arrisi.com/). As previously disclosed, the Company began recording income tax expense at full rates in the first quarter 2007.

Broadband product revenues were $80.2 million in the first quarter 2007 as compared to $85.4 million in the first quarter of 2006 and $92.4 million in the fourth quarter 2006 reflecting the phase-out of CBR telephony product sales. Supplies & CPE product revenues were $155.1 million in the first quarter, up 26.1% as compared to $122.9 million in the first quarter 2006 and up 9.1% as compared to $142.2 million in the fourth quarter of 2006. International sales were $60.5 million in the first quarter and compare to $51.0 million in the first quarter 2006 and $59.9 million in the fourth quarter 2006. Backlog at the end of the first quarter was $169.7 million compared to $168.9 million and $92.7 million at the end of the first quarter 2006 and the fourth quarter 2006, respectively. Bookings in the first quarter 2007 were $312.2 million as compared to $210.8 million in the first quarter 2006 and $205.2 million in the fourth quarter 2006. The book-to-bill ratio in the first quarter was approximately 1.33 as compared to 1.01 in the first quarter 2006 and 0.87 in the fourth quarter 2006.

Gross margins were 29.2% in the first quarter 2007, up from 27.1% in the first quarter 2006 and essentially even with fourth quarter 2006 gross margin. Sequential improvements in gross margin were achieved in both product categories. Gross margins of Broadband products were 48.3% in the first quarter 2007 and compare to 46.2% in the fourth quarter of 2006. Gross margins of the Supplies & CPE products were up 110 basis points to 19.4% in the first quarter 2007 as compared to 18.3% in the fourth quarter 2006. Operating expenses were $42.8 million in the first quarter 2007 which included equity compensation expense of approximately $2.5 million, $0.4 million of adjustments to increase restructuring reserves related to real estate leases, income of approximately $(0.4) million related to a gain on previously written off receivables, and $1.5 million of licensing fees related to Fixed Mobile Convergence development. Operating expenses were $36.9 million in the first quarter 2006 which included equity compensation expense of approximately $2.1 million, $0.3 million of adjustments to increase restructuring reserves related to real estate leases, and income of $(0.5) million related to a gain on previously written off receivables. Operating expenses in the fourth quarter 2006 were $40.2 million, which included equity compensation expense of approximately $2.2 million and $1.9 million of adjustments to increase restructuring reserves related to real estate leases. Research and development costs included in operating expenses were $18.1 million in the first quarter 2007 and compare to $15.6 million in the fourth quarter of 2006, the increase primarily related to licensing fees for Fixed Mobile Convergence development.

The Company ended the first quarter 2007 with $575.9 million of cash, cash equivalents, and short-term investments, up from the fourth quarter 2006 level of $549.2 million and up from the first quarter 2006 level of $165.8 million. Approximately $4.0 million was used by operating activities in the first quarter 2007, reflecting timing related changes in working capital. Approximately $23.0 million, net of expenses, was generated from the termination of the TANDBERG Television transaction. Additionally, as described earlier, the Company raised approximately $276.0 million in a 2% Convertible Senior Notes offering completed in November 2006. Inventory and turns for the first quarter 2007 were $78.2 million and 7.7 on an annualized basis, as compared to $94.2 million and 6.8 on an annualized basis for the fourth quarter 2006. Accounts receivable ended the first quarter at $125.9 million with DSOs of 46.8 as compared to $115.3 million and DSOs of 45.9 at the end of the fourth quarter 2006.

"The business momentum that we experienced in 2006 continues robustly into 2007," said Bob Stanzione, ARRIS Chairman & CEO. "We see the spending trends of our customers now driven by external competitive and market forces that we believe should extend well into the future. Our technology leadership is well recognized in many product categories and new products now being introduced for the small and medium-size business markets will help maintain our momentum in voice over IP and high speed data rollouts."

"I am very pleased with our first quarter results and my enthusiasm continues to grow as I observe the success our customers are enjoying as a result of rolling out ARRIS' products," said David Potts, ARRIS EVP & CFO. "Looking forward, we now project that our revenues for the second quarter 2007 will be in the range of $240 to $250 million with net income per diluted share, on a U.S. GAAP basis, in the range of $0.18 to $0.20 including amortization of intangibles and equity compensation expense of $0.02 after tax. Our guidance assumes a tax rate of approximately 34% for the second quarter."

ARRIS management will conduct a webcast with slides and a conference call at 5:00 pm EDT, today, Wednesday, April 25, 2007, to discuss these results in detail. To access the webcast go to http://www.arrisi.com/ and click on Investor Relations. You may also participate in the conference call by dialing 866-314-4483, or 617-213-8049 for international calls, conference passcode 57025964. Please note that ARRIS will not accept any calls related to this earnings release until after the conclusion of the 5:00 pm EDT conference call. A replay of the conference call can be accessed approximately two hours after the call through Tuesday, May 1, 2007 by dialing 888-286-8010 or 617-801-6888 for international calls and using the pass code 41928616. A replay of the webcast, including the slides, will also be made available for a period of 12 months following the conference call on ARRIS' website at http://www.arrisi.com/.

ARRIS provides broadband local access networks with innovative next generation high-speed data and telephony systems for the delivery of voice, video and data to the home and business. ARRIS' complete solutions enhance the reliability and value of converged services from the network to the subscriber. Headquartered in Suwanee, Georgia, USA, ARRIS has design, engineering, distribution, service and sales office locations throughout the world. Information about ARRIS' products and services can be found at http://www.arrisi.com/.

Forward-looking statements: Statements made in this press release, including those related to: -- second quarter 2007 revenues and net income; -- gross margins; -- operating expenses; -- income tax expense impacts; -- cash generation; -- expected sales levels and acceptance of certain ARRIS products; -- the general market outlook; and -- the outlook for industry trends

are forward-looking statements. These statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. Among other things,

-- projected results for the second quarter of 2007 as well as the general outlook for 2007 and beyond are based on preliminary estimates, assumptions and projections that management believes to be reasonable at this time, but are beyond management's control; -- because the market in which ARRIS operates is volatile, actions taken and contemplated may not achieve the desired impact relative to changing market conditions and the success of these strategies will be dependent on the effective implementation of those plans while minimizing organizational disruption.

In addition to the factors set forth elsewhere in this release, other factors that could cause results to differ from current expectations include: the impact of rapidly changing technologies; the impact of competition on product development and pricing; the ability of ARRIS to react to changes in general industry and market conditions including regulatory developments; rights to intellectual property, market trends and the adoption of industry standards; and consolidations within the telecommunications industry of both the customer and supplier base. These factors are not intended to be an all- encompassing list of risks and uncertainties that may affect the Company's business. Additional information regarding these and other factors can be found in ARRIS' reports filed with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2006. In providing forward-looking statements, the Company expressly disclaims any obligation to update publicly or otherwise these statements, whether as a result of new information, future events or otherwise.

ARRIS GROUP, INC. CONSOLIDATED BALANCE SHEETS (in thousands) March 31, Dec. 31, Sept. 30, June 30, March 31, 2007 2006 2006 2006 2006 (unaudited) (unaudited)(unaudited)(unaudited) ASSETS Current assets: Cash and cash equivalents $441,317 $461,618 $179,971 $167,174 $129,559 Short-term investments 134,610 87,575 30,000 30,000 36,250 Total cash, cash equivalents and short-term investments 575,927 549,193 209,971 197,174 165,809 Restricted cash 3,128 3,124 6,126 6,112 6,092 Accounts receivable, net 125,866 115,304 120,740 104,143 91,360 Other receivables 9,778 2,556 5,621 4,621 4,138 Inventories, net 78,186 94,226 101,062 91,764 99,673 Prepaids 3,500 3,547 3,751 2,959 4,094 Current deferred income tax assets 26,818 29,285 - - - Other current assets 4,001 3,717 2,435 4,119 3,251 Total current assets 827,204 800,952 449,706 410,892 374,417 Property, plant and equipment, net 28,076 28,287 25,338 24,423 24,327 Goodwill 150,569 150,569 150,569 150,569 150,569 Intangibles, net 230 288 345 483 702 Investments 3,569 3,520 3,438 3,410 3,358 Noncurrent deferred income tax assets 18,639 20,874 - - - Other assets 7,790 9,067 641 408 388 $1,036,077 $1,013,557 $630,037 $590,185 $553,761 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $41,337 $60,853 $44,440 $40,241 $41,478 Accrued compensation, benefits and related taxes 9,991 23,269 19,630 14,648 9,503 Accrued warranty 7,968 8,234 8,582 8,296 8,020 Other accrued liabilities 32,411 29,057 28,371 27,012 22,151 Total current liabilities 91,707 121,413 101,023 90,197 81,152 Long-term debt 276,000 276,000 - - - Accrued pension 12,420 12,061 11,947 13,266 12,943 Noncurrent income tax payable 4,334 3,041 - - - Other long-term liabilities 5,606 5,621 5,589 5,644 5,618 390,067 418,136 118,559 109,107 99,713 Stockholders' equity: Preferred stock - - - - - Common stock 1,096 1,089 1,086 1,083 1,081 Capital in excess of par value 773,839 761,500 747,721 744,556 740,954 Unrealized gain on marketable securities 1,345 1,297 1,219 1,165 1,114 Unfunded pension losses (4,462) (4,462) (4,618) (4,618) (4,618) Accumulated deficit (125,624) (163,268) (233,519) (260,081) (284,831) Unrealized gain on derivatives - (551) (227) (843) 532 Cumulative translation adjustments (184) (184) (184) (184) (184) Total stockholders' equity 646,010 595,421 511,478 481,078 454,048 $1,036,077 $1,013,557 $630,037 $590,185 $553,761 ARRIS GROUP, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share data) (unaudited) For the Three Months Ended March 31, 2007 2006 Net sales $235,253 $208,344 Cost of sales 166,506 151,837 Gross profit 68,747 56,507 Gross profit % 29.2% 27.1% Operating expenses: Selling, general, and administrative expenses 24,175 21,278 Research and development expenses 18,096 15,074 Restructuring and impairment charges 421 328 Amortization of intangibles 58 218 42,750 36,898 Operating income 25,997 19,609 Other expense (income): Interest expense 1,668 10 Loss on investments and notes receivable 19 - Gain on foreign currency 167 (317) Interest income (6,483) (1,520) Gains related to terminated acquisition, net of expenses (22,835) - Other (income) expense, net 220 106 Income from continuing operations before income taxes 53,241 21,330 Income tax expense (benefit) 15,597 628 Net income from continuing operations 37,644 20,702 Income from discontinued operations - 21 Net income $37,644 $20,723 Net income per common share - basic: Income from continuing operations $0.35 $0.19 Income from discontinued operations - - Net income $0.35 $0.20 Net income per common share - diluted: Income from continuing operations $0.34 $0.19 Income from discontinued operations - - Net income $0.34 $0.19 Weighted average common shares: Basic 108,467 106,227 Diluted 110,988 109,345 ARRIS GROUP, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) For the Three Months Ended March 31, 2007 2006 Operating Activities: Net income $37,644 $20,723 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation 2,497 2,618 Amortization of intangibles 58 218 Equity compensation expense 2,656 2,248 Excess tax benefits from stock- based compensation plans (4,855) (169) Deferred income tax provision 4,702 - Amortization of deferred finance fees 279 - Provision for doubtful accounts 371 (265) Gain related to previously written off receivables (377) (475) Loss on disposal of fixed assets - 2 Loss on investments and notes receivable 19 - Income from discontinued operations - (21) Gains related to terminated acquisition, net of expenses (22,835) - Changes in operating assets & liabilities, net of effects of acquisitions and disposals: Accounts receivable (10,933) (7,555) Other receivables (7,222) (3,852) Inventory 16,040 14,236 Accounts payable and accrued liabilities (24,842) (3,639) Prepaids and other, net 2,763 7,280 Net cash provided by (used in) operating activities (4,035) 31,349 Investing Activities: Purchases of property, plant, and equipment (2,287) (1,389) Cash proceeds from terminated acquisition, net of expenses paid 10,881 - Cash paid for hedge related to terminated acquisition (26,469) - Cash proceeds from hedge related to terminated acquisition 38,750 - Purchases of short term investments (128,135) - Disposals of short term investments 81,100 18,000 Net cash provided by (used in) investing activities (26,160) 16,611 Financing Activities: Excess tax benefits from stock- based compensation plans 4,855 169 Repurchase of shares to satisfy employee tax withholdings - (27) Proceeds from issuance of common stock 5,039 6,171 Net cash provided by financing activities 9,894 6,313 Net increase (decrease) in cash and cash equivalents (20,301) 54,273 Cash and cash equivalents at beginning of period 461,618 75,286 Cash and cash equivalents at end of period $441,317 $129,559 ARRIS GROUP, INC. SUPPLEMENTAL EARNINGS RECONCILIATION (in thousands, except per share data) (unaudited) Q1 2007 Per Diluted Amount Share Net income $37,644 $0.34 Highlighted items: Impacting gross margin: Equity compensation 165 - Impacting operating expenses: Gains related to previously written off receivables (377) - Restructuring charges - adjustments to existing accruals 421 - Amortization of intangibles 58 - Equity compensation 2,491 0.02 Impacting discontinued operations: Restructuring charges - adjustments to existing accruals - - Impacting net income (loss) from continuing operations Gains related to terminated acquisition, net of expenses (22,835) (0.21) Adjustments of income tax valuation allowances (3,246) (0.03) Tax related to all highlighted items above 7,754 0.07 Total highlighted items (15,569) (0.14) Net income excluding highlighted items $22,075 $0.20 Weighted average common shares - diluted 110,988 Q1 2006 Per Diluted Amount Share Net income $20,723 $0.19 Highlighted items: Impacting gross margin: Equity compensation 108 - Impacting operating expenses: Gains related to previously written off receivables (475) - Restructuring charges - adjustments to existing accruals 328 - Amortization of intangibles 218 - Equity compensation 2,140 0.02 Impacting discontinued operations: Restructuring charges - adjustments to existing accruals (21) - Impacting net income (loss) from continuing operations Gains related to terminated acquisition, net of expenses - - Adjustments of income tax valuation allowances - - Tax related to all highlighted items above - - Total highlighted items 2,298 0.02 Net income excluding highlighted items $23,021 $0.21 Weighted average common shares - diluted 109,345 Q4 2006 Per Diluted Amount Share Net income $70,252 $0.64 Highlighted items: Impacting gross margin: Equity compensation 142 - Impacting operating expenses: Gains related to previously written off receivables - - Restructuring charges - adjustments to existing accruals 1,863 0.02 Amortization of intangibles 57 - Equity compensation 2,213 0.02 Impacting discontinued operations: Restructuring charges - adjustments to existing accruals (97) - Impacting net income (loss) from continuing operations Gains related to terminated acquisition, net of expenses - - Adjustments of income tax valuation allowances (38,791) (0.35) Tax related to all highlighted items above - - Total highlighted items (34,613) (0.32) Net income excluding highlighted items $35,639 $0.32 Weighted average common shares - diluted 109,739

ARRIS believes that presenting net income and related per share amounts adjusted for the items detailed above provides meaningful information that will allow investors to more easily understand ARRIS' financial performance and compare its period-to-period results. With respect to stock compensation expense, ARRIS adopted SFAS 123R effective July 1, 2005, as a result of which ARRIS will record non-cash compensation expense related to grants of options and restricted stock. Depending upon the size, timing and the terms of the grants, this non-cash compensation expense may vary significantly. In prior periods, ARRIS highlighted significant losses related to bad debt expense associated with Adelphia. ARRIS recognized gains in the first quarters of 2006 and 2007 associated with these previously written off receivables. With respect to amortization of intangibles, the intangibles being amortized relate to our most recent acquisitions and will not recur. Similarly, the restructuring charge adjustments reflect items that, although they or similar items might recur, are of a nature and magnitude that identifying them separately provides investors with a greater ability to project ARRIS' future performance. During the first quarter of 2007, ARRIS announced that it entered into a transaction agreement with TANDBERG Television ASA, in which ARRIS was to buy all the outstanding shares of TANDBERG. ARRIS was subsequently outbid by another buyer and the transaction agreement was terminated during the first quarter 2007. ARRIS recorded gains, net before tax, of $22.8 million related to the termination of the transaction (termination fee, foreign exchange gains, and expenses). The net termination fee resulted in a capital gain which provided greater access to prior tax capital losses that had previously been viewed as more likely than not unrealizable. As a result, net income tax valuation allowances totaling $3.2 million were reversed in the first quarter 2007. Lastly, during the fourth quarter of 2006, ARRIS reduced a large portion of the valuation allowances related to deferred income tax assets, based on the current judgment that the benefits will be realized, and recorded a tax benefit related to research and development credits for the period from 2001-2006. In assessing operating performance and preparing budgets and forecasts, ARRIS' management considers performance after making these adjustments and believes that providing investors with the same information provides greater transparency and insight into management's analysis. ARRIS expects to continue providing similar information in the future with schedules reconciling the differences between GAAP and non-GAAP financial measures.

ARRIS

CONTACT: Jim Bauer, Investor Relations of , +1-678-473-2647,
jim.bauer@arrisi.com

Web site: http://www.arrisi.com/

QUALCOMM Announces Record Second Quarter Fiscal 2007 ResultsRevenues $2.22 Billion, Diluted EPS $0.43Pro Forma Revenues $2.22 Billion, Diluted EPS $0.50Financial Guidance Increased for Fiscal 2007

SAN DIEGO, April 25 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated today announced record results for the second quarter of fiscal 2007 ended April 1, 2007.

Total QUALCOMM (GAAP) Second Quarter Results

Total QUALCOMM results are reported in accordance with generally accepted accounting principles (GAAP).

* Revenues: $2.22 billion, up 21 percent year-over-year and 10 percent sequentially. * Net income: $726 million, up 22 percent year-over-year and 12 percent sequentially. * Diluted earnings per share: $0.43, up 26 percent year-over-year and 13 percent sequentially. * Effective tax rate: 22 percent for the quarter. Fiscal 2007 estimated tax rate of approximately 21 percent. * Estimated share-based compensation: $84 million, net of tax, up 8 percent year-over-year and down 3 percent sequentially. * Operating cash flow: $991 million, up 11 percent year-over-year; 45 percent of revenues. * Return of capital to stockholders: $438 million, including $398 million, or $0.24 per share, of cash dividends paid (relating to dividends declared in the first and second quarters) and $40 million to repurchase 1.0 million shares of our common stock. QUALCOMM Pro Forma Second Quarter Results

Pro forma results exclude the QUALCOMM Strategic Initiatives (QSI) segment, certain estimated share-based compensation, certain tax adjustments related to prior years and acquired in-process research and development (R&D) expense.

* Revenues: $2.22 billion, up 21 percent year-over-year and 10 percent sequentially. * Net income: $838 million, up 19 percent year-over-year and 16 percent sequentially. * Diluted earnings per share: $0.50, up 22 percent year-over-year and 16 percent sequentially; excludes $0.01 loss per share attributable to the QSI segment, $0.05 loss per share attributable to estimated share-based compensation and $0.01 loss per share attributable to acquired in-process R&D. * Effective tax rate: 24 percent for the quarter and estimated for fiscal 2007. * Free cash flow: $1.09 billion, up 15 percent year-over-year; 49 percent of revenues. (Defined as net cash from operating activities less capital expenditures).

Detailed reconciliations between total QUALCOMM (GAAP) results and QUALCOMM pro forma results, and cash flow are included at the end of this news release. Prior period reconciliations are presented on our Investor Relations web page at http://www.qualcomm.com/.

"We are pleased to report that the 3G CDMA-based market continues to grow at a rapid pace. Our results reflect strong year-over-year growth in CDMA2000(R) and WCDMA chipsets and handsets driving record revenue and earnings per share," said Dr. Paul E. Jacobs, chief executive officer of QUALCOMM. "Based on our current outlook, thanks primarily to stronger than expected chipset demand across our product portfolio and higher CDMA2000 handset shipments, we are raising our fiscal 2007 revenue and earnings per share guidance."

"Focused execution by QUALCOMM and its partners resulted in many exciting achievements this quarter. The MediaFLO(TM) USA service was commercially launched by Verizon Wireless and AT&T/Cingular announced their plan to launch services later this year. The GSM Association selected LG's phone, powered by a QUALCOMM chipset, as the '3G for All' winner to enable feature rich WCDMA handsets at lower prices. In addition, we announced the expansion of our single chip product line to include EV-DO Rev. A, providing a low cost mobile broadband solution. The innovation and competition enabled by our business model continues to provide manufacturers, operators and subscribers compelling devices, applications and services globally."

Cash and Marketable Securities

QUALCOMM's cash, cash equivalents and marketable securities totaled approximately $11.3 billion at the end of the second quarter of fiscal 2007, compared to $10.5 billion at the end of the first quarter of fiscal 2007 and $10.2 billion a year ago. During the second quarter of fiscal 2007, we announced a 17 percent increase in our quarterly dividend from $0.12 to $0.14 per share. A cash dividend of $0.14 per share is payable on June 29, 2007 to stockholders of record at the close of business on June 1, 2007.

Estimated Share-Based Compensation

Total QUALCOMM (GAAP) net income for the second quarter of fiscal 2007 included estimated share-based compensation, net of tax, of $84 million, or $0.05 per share, compared to $78 million, or $0.05 per share in the prior year quarter.

Research and Development Estimated Total QUALCOMM Share-Based In-Process QUALCOMM ($ in millions) Pro Forma Compensation R&D QSI (GAAP) Second quarter fiscal 2007 $370 $58 $10 $16 $454 As a % of revenue 17% 20% Second quarter fiscal 2006 $302 $52 $21 $15 $390 As a % of revenue 16% 21% Year-over-year change ($) 23% 12% (52%) 7% 16%

Pro forma R&D expenses increased 23 percent year-over-year, primarily due to additional engineering resources for the development of integrated circuit products and other initiatives to support low-cost phones, multimedia applications, high-speed wireless Internet access and multi-mode, multi-band, multi-network products and technologies. QSI R&D expenses are primarily related to MediaFLO USA.

Selling, General and Administrative Estimated Total QUALCOMM Share-Based QUALCOMM ($ in millions) Pro Forma Compensation QSI (GAAP) Second quarter fiscal 2007 $301 $59 $25 $385 As a % of revenue 14% 17% Second quarter fiscal 2006 $188 $58 $17 $263 As a % of revenue 10% 14% Year-over-year change ($) 60% 2% 47% 46%

Pro forma selling, general and administrative (SG&A) expenses increased 60 percent year-over-year, largely attributable to increases in legal fees, employee related expenses and bad debt expense. The year-over-year increase in QSI SG&A expenses is primarily related to MediaFLO USA.

Effective Income Tax Rate

Our fiscal 2007 effective income tax rate is estimated to be 21 percent for total QUALCOMM (GAAP), consistent with our prior estimate. The second quarter tax rate of 22 percent for total QUALCOMM (GAAP) is higher than the estimated annual effective income tax rate due primarily to $33 million of tax benefits recorded in the first quarter of fiscal 2007 related to the retroactive extension of the federal research and development tax credit. Our fiscal 2007 QUALCOMM pro forma effective income tax rate is estimated to be 24 percent, compared to our previous estimate of 25 percent. This decrease in our pro forma estimated annual rate is primarily due to an increase in forecasted earnings taxed at less than the United States federal tax rate.

QUALCOMM Strategic Initiatives

The QSI segment includes our strategic investments, including our MediaFLO USA subsidiary, and related income and expenses. Total QUALCOMM (GAAP) results for the second quarter of fiscal 2007 include $0.01 loss per share for the QSI segment. The second quarter of fiscal 2007 QSI results included $50 million in operating expenses, primarily related to MediaFLO USA.

Business Outlook

The following statements are forward-looking and actual results may differ materially. Please see "Note Regarding Forward-Looking Statements" at the end of this news release for a description of certain risk factors and QUALCOMM's annual and quarterly reports on file with the Securities and Exchange Commission (SEC) for a more complete description of risks. Due to their nature, certain income and expense items, such as realized investment gains or losses in QSI, gains and losses on certain derivative instruments or asset impairments, cannot be accurately forecast. Accordingly, the Company excludes forecasts of such items from its business outlook, and actual results may vary materially from the business outlook if the Company incurs any such income or expense items. Estimated share-based compensation in future periods may vary materially from the business outlook as the methodology used to calculate this estimate is dependent on a variety of assumptions which are subject to market fluctuations and other factors.

The following table summarizes total QUALCOMM (GAAP) and QUALCOMM pro forma guidance for the third fiscal quarter and fiscal year 2007 based on the current business outlook. The pro forma business outlook provided below is presented consistent with the presentation of pro forma results provided elsewhere herein.

Our third quarter and fiscal 2007 guidance includes the anticipated positive impact to QTL revenue resulting from an arbitration decision in April 2007 in our favor against Ericsson and Sony Ericsson for underpaying royalties to us under the terms of the license agreement with us. Under the arbitration order, we will receive $30 million for subscriber unit sales from 2004 through the first quarter of calendar 2006. In addition, royalty payments from the first quarter of calendar 2006 to the present, and going forward, will be made in accordance with the arbitrators' decision providing a positive impact on revenues and earnings.

We are engaged in multiple disputes with Nokia Corp. including litigation over Nokia's obligation to pay royalties for the use of certain of our patents. As a result, under generally accepted accounting principles, we do not expect to be able to record royalty revenue attributable to Nokia's sales starting in the fourth quarter of fiscal 2007 until an arbitrator (or court) awards damages or the disputes are otherwise resolved by agreement with Nokia. We had previously estimated the potential impact of non-payment of royalties from Nokia in the fourth quarter of fiscal 2007 for June quarter shipments to be approximately $0.04 to $0.06 diluted earnings per share. Our current estimate of royalties which we believe will be owed from Nokia in the fourth quarter of fiscal 2007 for June quarter shipments is approximately $0.04 to $0.05 diluted earnings per share, which we have excluded from our current fiscal 2007 guidance.

The following estimates are approximations and are based on the current business outlook:

Business Outlook Summary THIRD FISCAL QUARTER Current Guidance Q3'06 Q3'07 Results Estimates QUALCOMM Pro Forma Revenues $1.95B $2.2B - $2.3B Year-over-year change increase 13% - 18% Diluted earnings per share (EPS) $0.42 $0.50 - $0.52 Year-over-year change increase 19% - 24% Total QUALCOMM (GAAP) Revenues $1.95B $2.2B - $2.3B Year-over-year change increase 13% - 18% Diluted earnings per share (EPS) $0.37 $0.43 - $0.45 Year-over-year change increase 16% - 22% Diluted EPS attributable to QSI $0.00 ($0.02) Diluted EPS attributable to estimated share-based compensation ($0.05) ($0.05) Metrics MSM Shipments approx. 55M approx. 62M - 65M CDMA/WCDMA handset units shipped approx. 66M* approx. 81M - 85M* CDMA/WCDMA handset unit wholesale average selling price approx. $213* approx. $213* *Shipments in Mar. quarter, reported in June quarter FISCAL YEAR Prior Guidance Current Guidance FY 2006 FY 2007 FY 2007 Results Estimates(1) Estimates(2) QUALCOMM Pro Forma Revenues $7.53B $8.1B - $8.6B $8.4B - $8.7B Year-over-year change increase 8% - 14% increase 12% - 16% Diluted earnings per share (EPS) $1.64 $1.72 - $1.77 $1.84 - $1.88 Year-over-year change increase 5% - 8% increase 12% - 15% Total QUALCOMM (GAAP) Revenues $7.53B $8.1B - $8.6B $8.4B - $8.7B Year-over-year change increase 8% - 14% increase 12% - 16% Diluted earnings per share (EPS) $1.44 $1.44 - $1.49 $1.57 - $1.61 Year-over-year change even - increase 3% increase 9% - 12% Diluted EPS attributable to in-process R&D ($0.01) n/a ($0.01) Diluted EPS attributable to QSI ($0.02) ($0.10) ($0.09) Diluted EPS attributable to estimated share-based compensation ($0.19) ($0.20) ($0.20) Diluted EPS attributable to tax items related to prior years $0.02 $0.02 $0.02 Metrics Fiscal year* CDMA/WCDMA handset unit wholesale average selling price approx. $215 approx. $210 approx. $208 *Shipments in Sept. to June quarters, reported in Dec. to Sept. quarters CALENDAR YEAR Handset Estimates Prior Guidance Current Guidance CDMA/WCDMA handset Calendar 2007 Calendar 2007 unit shipments Calendar 2006 Estimates Estimates March quarter approx. 66M not provided approx. 81M - 85M June quarter approx. 70M not provided not provided September quarter approx. 76M not provided not provided December quarter approx. 91M not provided not provided Calendar year range (approx.) 301M 368M - 388M 373M - 393M Midpoint Midpoint Midpoint CDMA/WCDMA units approx. 301M approx. 378M approx. 383M CDMA units approx. 200M approx. 203M approx. 208M WCDMA units approx. 101M approx. 175M approx. 175M (1) Prior FY 2007 estimates did not reflect the potential adverse impact on our results of Nokia not paying royalties in the fourth quarter of fiscal 2007 for June quarter shipments. Our prior estimate of such impact was approximately $0.04 to $0.06 diluted earnings per share. (2) Current FY 2007 estimates do not reflect the potential opportunity of Nokia paying royalties in the fourth quarter of fiscal 2007 for June quarter shipments. Our current estimate of such opportunity is approximately $0.04 to $0.05 diluted earnings per share. Sums may not equal totals due to rounding. Results of Business Segments

The following tables, which present segment information, have been adjusted to reflect the 2007 segment presentation (Note 1) (in millions, except per share data):

Second Quarter - Fiscal Year 2007 Reconciling Segments QCT QTL QWI Items(2) Revenues $1,259 $759 $198 $5 Change from prior year 24% 19% 11% N/M Change from prior quarter 2% 27% 5% N/M EBT $368 $636 $ 20 $82 Change from prior year 26% 8% 25% N/M Change from prior quarter 16% 28% 0% N/M Estimated Total QUALCOMM Share-Based In-Process QUALCOMM Segments Pro Forma Compensation(3) R&D QSI(4) (GAAP) Revenues $2,221 $-- $-- $-- $2,221 Change from prior year 21% 21% Change from prior quarter 10% 10% EBT $1,106 $(126) $(10) $(42) $928 Change from prior year 15% 5% (52%) 17% 18% Change from prior quarter 16% (3%) N/M (2%) 19% Net income (loss) $838 $(83) $(9) $(20) $726 Change from prior year 19% 6% (57%) 43% 22% Change from prior quarter 16% (3%) N/M (5%) 12% Diluted EPS $0.50 $(0.05) $(0.01) $(0.01) $0.43 Change from prior year 22% 0% 0% 0% 26% Change from prior quarter 16% 0% N/M 0% 13% Diluted shares used 1,693 1,693 1,693 1,693 1,693 First Quarter - Fiscal Year 2007 Reconciling Segments QCT QTL QWI Items(2) Revenues $1,230 $600 $188 $1 EBT 316 498 20 118 Estimated Total QUALCOMM Share-Based Tax QUALCOMM Segments Pro Forma Compensation(3) Items(5) QSI(4) (GAAP) Revenues $2,019 $-- $-- $-- $2,019 EBT 952 (130) -- (43) 779 Net income (loss) 722 (86) 33 (21) 648 Diluted EPS $0.43 $(0.05) $0.02 $(0.01) $0.38 Diluted shares used 1,685 1,685 1,685 1,685 1,685 Second Quarter - Fiscal Year 2006 Reconciling Segments QCT(1)* QTL(1)* QWI(1)* Items(1)(2)* Revenues $1,018 $640 $178 $(2) EBT 291 587 16 68 Estimated Total QUALCOMM Share-Based In-Process QUALCOMM Segments Pro Forma Compensation(3) R&D QSI(4) (GAAP) Revenues $1,834 $-- $-- $-- $1,834 EBT 962 (120) (21) (36) 785 Net income (loss) 706 (78) (21) (14) 593 Diluted EPS $0.41 $(0.05) $(0.01) $(0.01) $0.34 Diluted shares used 1,721 1,721 1,721 1,721 1,721 Third Quarter - Fiscal Year 2006 Reconciling Segments QCT(1)* QTL(1)* QWI(1)* Items(1)(2)* Revenues $1,133 $640 $178 $-- EBT 346 576 18 36 Estimated Total QUALCOMM Share-Based QUALCOMM Segments Pro Forma Compensation(3) QSI(4) (GAAP) Revenues $1,951 $-- $-- $1,951 EBT 976 (126) (26) 824 Net income (loss) 726 (83) -- 643 Diluted EPS $0.42 $(0.05) $-- $0.37 Diluted shares used 1,728 1,728 1,728 1,728 Twelve Months - Fiscal Year 2006 Reconciling Segments QCT(1)* QTL(1)* QWI(1)* Items(1)(2)* Revenues $4,332 $2,467 $731 $(4) EBT 1,298 2,233 78 197 Estimated Total QUALCOMM Share-Based Tax In-Process QUALCOMM Segments Pro Forma Compensation(3) Items R&D QSI(4) (GAAP) Revenues $7,526 $-- $-- $-- $-- $7,526 EBT 3,806 (495) -- (22) (133) 3,156 Net income (loss) 2,804 (320) 40 (22) (32) 2,470 Diluted EPS $1.64 $(0.19) $0.02 $(0.01) $(0.02) $1.44 Diluted shares used 1,711 1,711 1,711 1,711 1,711 1,711 Six Months - Fiscal Year 2007 Reconciling Segments QCT QTL QWI Items(2) Revenues $2,490 $1,359 $387 $4 Change from prior year 21% 17% 8% N/M EBT $684 $1,134 $40 $200 Change from prior year 9% 6% 21% N/M Estimated Total QUALCOMM Share-Based Tax In-Process QUALCOMM Segments Pro Forma Compensation(3) Items(5) R&D QSI(4) (GAAP) Revenues $4,240 $-- $-- $-- $-- $4,240 Change from prior year 19% 19% EBT $2,058 $(257) $-- $(10) $(85) $1,706 Change from prior year 10% 6% (52%) 1% 12% Net income (loss) $1,560 $(169) $33 $(9) $(42) $1,373 Change from prior year 14% 6% (41%) (57%) 20% 13% Diluted EPS $0.92 $(0.10) $0.02 $(0.01) $(0.02) $0.81 Change from prior year 15% 11% (33%) 0% 0% 14% Diluted shares used 1,689 1,689 1,689 1,689 1,689 1,689 Six Months - Fiscal Year 2006 Reconciling Segments QCT(1)* QTL(1)* QWI(1)* Items(1)(2)* Revenues $2,051 $1,165 $357 $2 EBT 629 1,066 33 140 Estimated Total QUALCOMM Share-Based Tax In-Process QUALCOMM Segments Pro Forma Compensation(3) Items R&D QSI(4) (GAAP) Revenues $3,575 $-- $-- $-- $-- $3,575 EBT 1,868 (242) -- (21) (84) 1,521 Net income 1,373 (160) 56 (21) (35) 1,213 Diluted EPS $0.80 $(0.09) $0.03 $(0.01) $(0.02) $0.71 Diluted shares used 1,711 1,711 1,711 1,711 1,711 1,711 (1) During the first quarter of fiscal 2007, the Company reassessed the intersegment royalty charged to QCT by QTL and determined that the royalty should be eliminated starting in fiscal 2007 for management reporting purposes. As a result, QCT did not record a royalty to QTL in the first six months of fiscal 2007. The Company also reorganized the QUALCOMM Wireless Systems (QWS) division into the QWBS division within the QWI segment. Revenues and operating results relating to QWS were included in reconciling items through the end of fiscal 2006. Prior period segment information has been adjusted to conform to the new segment presentation. (2) Reconciling items related to revenues consist primarily of other nonreportable segment revenues less intersegment eliminations. Reconciling items related to earnings before taxes consist primarily of certain investment income, research and development expenses and marketing expenses that are not allocated to the segments for management reporting purposes, nonreportable segment results and the elimination of intercompany profit. (3) Certain share-based compensation is included in operating expenses as part of employee-related costs but is not allocated to the Company's segments as such costs are not considered relevant by management in evaluating segment performance. (4) At fiscal year-end, the sum of the quarterly tax provisions for each column, including QSI, equals the annual tax provisions for each column computed in accordance with GAAP. In interim quarters, the tax provision for the QSI operating segment is computed by subtracting the tax provision for QUALCOMM pro forma, the tax adjustment column and the tax provisions related to estimated share-based compensation and in-process R&D from the tax provision for total QUALCOMM (GAAP). (5) During the first quarter of fiscal 2007, the federal R&D tax credit that expired on December 31, 2005 was extended by Congress for a period of two years beyond the prior expiration date. The Company recorded a tax benefit of $33 million, or $0.02 diluted earnings per share, related to fiscal 2006 in the first quarter of fiscal 2007 due to this retroactive extension. The effective tax rate for the first quarter of fiscal 2007 for total QUALCOMM (GAAP) was 17% primarily as a result of this benefit. The first quarter fiscal 2007 QUALCOMM pro forma results exclude this tax benefit attributable to 2006. N/M - Not Meaningful Sums may not equal totals due to rounding. *As adjusted to conform to 2007 segment presentation Conference Call

QUALCOMM's second quarter fiscal 2007 earnings conference call will be broadcast live on April 25, 2007 beginning at 1:45 p.m. Pacific Daylight Time (PDT) on the Company's web site at: http://www.qualcomm.com/. This conference call may contain forward-looking financial information. The conference call will include a discussion of "non-GAAP financial measures" as that term is defined in Regulation G. The most directly comparable GAAP financial measures and information reconciling these non-GAAP financial measures to the Company's financial results prepared in accordance with GAAP, as well as the other material financial and statistical information to be discussed in the conference call, will be posted on the Company's Investor Relations web site at http://www.qualcomm.com/ immediately prior to commencement of the call. A taped audio replay will be available via telephone on April 25, 2007 beginning at approximately 5:30 p.m. (PDT) through June 25, 2007 at 9:00 p.m. (PDT). To listen to the replay, U.S. callers may dial (800) 642-1687 and international callers may dial (706) 645-9291. U.S. and international callers should use reservation number 1486859. An audio replay of the conference call will be available on the Company's web site at http://www.qualcomm.com/ for two weeks following the live call.

Editor's Note: If you would like to view the web slides that accompany this earnings release and conference call, please view the QUALCOMM Investor Relations website at http://investor.qualcomm.com/results.cfm .

QUALCOMM Incorporated (http://www.qualcomm.com/) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2006 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.

Note Regarding Use of Non-GAAP Financial Measures

The Company presents pro forma financial information that is used by management (i) to evaluate, assess and benchmark the Company's operating results on a consistent and comparable basis, (ii) to measure the performance and efficiency of the Company's ongoing core operating businesses, including the QUALCOMM CDMA Technologies, QUALCOMM Technology Licensing and QUALCOMM Wireless & Internet segments, and (iii) to compare the performance and efficiency of these segments against each other and against competitors outside the Company. Pro forma measurements of the following financial data are used by the Company's management: revenues, R&D expenses, SG&A expenses, total operating expenses, operating income, net investment income, income before income taxes, effective tax rate, net income, diluted earnings per share, operating cash flow and free cash flow. Management is able to assess what it believes is a more meaningful and comparable set of financial performance measures for the Company and its business segments by eliminating the episodic impact of strategic investments in QSI and items such as acquired in-process R&D, as well as the inherent, non-operational volatility of share-based compensation. As a result, management compensation decisions and the review of executive compensation by the Compensation Committee of the Board of Directors focus primarily on pro forma financial measures applicable to the Company and its business segments.

Pro forma information used by management excludes the QUALCOMM Strategic Initiatives (QSI) segment, certain estimated share-based compensation, certain tax adjustments related to prior years and acquired in-process R&D. The QSI segment is excluded because the Company expects to exit its strategic investments at various times and the effects of fluctuations in the value of such investments are viewed by management as unrelated to the Company's operational performance. Estimated share-based compensation, other than amounts related to share-based awards granted under the executive bonus program, is excluded because management views the valuation of options and other share-based compensation as theoretical and unrelated to the Company's operational performance as the share-based compensation is affected by factors that are subject to change on each grant date, including the Company's stock price, stock market volatility, expected option life, risk-free interest rates and expected dividend payouts in future years. Moreover, it is not an expense that requires or will require cash payment by the Company. Certain tax adjustments related to prior years are excluded in order to provide a clearer understanding of the Company's ongoing tax rate and after tax earnings. Acquired in-process R&D is excluded because such expense is viewed by management as unrelated to the operating activities of the Company's ongoing core businesses.

The Company presents free cash flow, defined as net cash provided by operating activities less capital expenditures, to facilitate an understanding of the amount of cash flow generated that is available to grow its business and to create long-term shareholder value. The Company believes that this presentation is useful in evaluating its operating performance and financial strength. In addition, management uses this measure to evaluate the Company's performance, to value the Company and to compare its operating performance with other companies in the industry.

The non-GAAP pro forma financial information presented herein should be considered in addition to, not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. In addition, pro forma is not a term defined by GAAP, and, as a result, the Company's measure of pro forma results might be different than similarly titled measures used by other companies. Reconciliations between total QUALCOMM (GAAP) results and QUALCOMM pro forma results and total QUALCOMM (GAAP) cash flow and QUALCOMM pro forma cash flow are presented herein.

Note Regarding Forward-Looking Statements

In addition to the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ substantially from those referred to herein due to a number of factors, including but not limited to risks associated with: the rate of development, deployment and commercial acceptance of CDMA-based networks and CDMA-based technology, including CDMA2000 1X, 1xEV-DO, WCDMA and HSDPA both domestically and internationally; our dependence on major customers and licensees; attacks on our licensing business model, including results of current and future litigation and arbitration proceedings as well as actions of governmental or quasi-governmental bodies, and the costs we incur in connection therewith; fluctuations in the demand for CDMA-based products, services or applications; foreign currency fluctuations; strategic loans, investments and transactions the Company has or may pursue; our dependence on third party manufacturers and suppliers; our ability to maintain and improve operational efficiencies and profitability; the development, deployment and commercial acceptance of the MediaFLO USA network and FLO(TM) technology; as well as the other risks detailed from time-to-time in the Company's SEC reports.

(C) 2007 QUALCOMM Incorporated. All rights reserved. QUALCOMM is a registered trademark of QUALCOMM Incorporated. CDMA2000(R) is a registered trademark of the Telecommunications Industry Association. All other trademarks are the property of their respective owners.

QUALCOMM Contact: John Gilbert Vice President of Investor and Industry Analyst Relations 1-(858) 658-4813 (ph) 1-(858) 651-9303 (fax) e-mail: ir@qualcomm.com QUALCOMM Incorporated CONSOLIDATED STATEMENTS OF OPERATIONS THIS SCHEDULE IS TO ASSIST THE READER IN RECONCILING FROM PRO FORMA RESULTS TO TOTAL QUALCOMM (GAAP) RESULTS (In millions, except per share data) (Unaudited) Three Months Ended April 1, 2007 Estimated Total QUALCOMM Share-Based In-Process QUALCOMM Pro Forma Compensation(a) R&D QSI (GAAP) Revenues: Equipment and services $1,370 $-- $-- $-- $1,370 Licensing and royalty fees 851 -- -- -- 851 Total revenues 2,221 -- -- -- 2,221 Operating expenses: Cost of equipment and services revenues 616 9 -- 9 634 Research and development 370 58 10 16 454 Selling, general and administrative 301 59 -- 25 385 Total operating expenses 1,287 126 10 50 1,473 Operating income (loss) 934 (126) (10) (50) 748 Investment income, net 172(b) -- -- 8(c) 180 Income (loss) before income taxes 1,106 (126) (10) (42) 928 Income tax (expense) benefit (268)(d) 43 1 22(e) (202)(d) Net income (loss) $838 $(83) $(9) $(20) $726 Earnings (loss) per common share: Diluted $0.50 $(0.05) $(0.01) $(0.01) $0.43 Shares used in per share calculations: Diluted 1,693 1,693 1,693 1,693 1,693 Supplemental Financial Data: Operating Cash Flow $1,159 $(87)(g) $(10) $(71) $991 Operating Cash Flow as a % of Revenues 52% 45% Free Cash Flow (f) $1,087 $(87)(g) $(10) $(91) $899 Free Cash Flow as a % of Revenues 49% 40% (a) Estimated share-based compensation presented above and excluded from pro forma results does not include $1 million, net of tax, related to share-based awards granted under the executive bonus program. (b) Includes $125 million in interest and dividend income related to cash, cash equivalents and marketable securities, which are not part of the Company's strategic investment portfolio, and $49 million in net realized gains on investments, partially offset by $1 million in other-than-temporary losses on investments and $1 million in interest expense. (c) Includes $6 million in net realized gains on investments and $3 million in interest and dividend income, partially offset by $1 million in interest expense. (d) The second quarter of fiscal 2007 tax rates are approximately 22% for total QUALCOMM (GAAP) and approximately 24% for QUALCOMM pro forma. (e) At fiscal year-end, the sum of the quarterly tax provisions for each column, including QSI, will equal the annual tax provisions for each column computed in accordance with GAAP. In interim quarters, the tax provision for the QSI operating segment is computed by subtracting the tax provision for QUALCOMM pro forma and the tax provisions related to estimated share-based compensation and in-process R&D from the tax provision for total QUALCOMM (GAAP). (f) Free Cash Flow is calculated as net cash provided by operating activities less capital expenditures. Reconciliation of these amounts is included in the Reconciliation of Pro Forma Free Cash Flows to Total QUALCOMM Net Cash Provided by Operating Activities for the three months ended April 1, 2007, included herein. (g) Incremental tax benefits from stock options exercised during the period. QUALCOMM Incorporated CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS THIS SCHEDULE IS TO ASSIST THE READER IN RECONCILING FROM PRO FORMA RESULTS TO TOTAL QUALCOMM (GAAP) RESULTS (In millions, except per share data) (Unaudited) Six Months Ended April 1, 2007 Estimated Tax In- Total QUALCOMM Share-Based Adjust- Process QUALCOMM Pro Forma Compensation(a) ment R&D QSI (GAAP) Revenues: Equipment and services $2,712 $-- $-- $-- $-- $2,712 Licensing and royalty fees 1,528 -- -- -- -- 1,528 4,240 -- -- -- -- 4,240 Operating expenses: Cost of equipment and services revenues 1,239 20 -- -- 9 1,268 Research and development 737 115 -- 10 33 895 Selling, general and admini- strative 582 122 -- -- 50 754 Total operating expenses 2,558 257 -- 10 92 2,917 Operating income (loss) 1,682 (257) -- (10) (92) 1,323 Investment income (expense), net 376(b) -- -- -- 7(c) 383 Income (loss) before income taxes 2,058 (257) -- (10) (85) 1,706 Income tax (expense) benefit (498) 88 33 1 43(e) (333)(d) Net income (loss) $1,560 $(169) $33 $(9) $(42) $1,373 Earnings (loss) per common share: Diluted $0.92 $(0.10) $0.02 $(0.01) $(0.02) $0.81 Shares used in per share calculations: Diluted 1,689 1,689 1,689 1,689 1,689 1,689 Supplemental Financial Data: Operating Cash Flow $1,994 $(119)(g) $-- $(10) $(85) $1,780 Operating Cash Flow as a % of Revenue 47% 42% Free Cash Flow (f) $1,633 $(119)(g) $-- $(10) $(138) $1,366 Free Cash Flow as a % of Revenue 39% 32% (a) Estimated share-based compensation presented above and excluded from pro forma results does not include $1 million, net of tax, related to share-based awards granted under the executive bonus program. (b) Includes $266 million in interest and dividend income related to cash, cash equivalents and marketable securities, which are not part of the Company's strategic investment portfolio, $112 million in net realized gains on investments, partially offset by $1 million in other-than-temporary losses on investments and $1 million in interest expense. (c) Includes $7 million in net realized gains on investments and $4 million in interest and dividend income, partially offset by $2 million in interest expense, $1 million in other-than-temporary losses on investments and $1 million in losses on derivatives. (d) The tax rate of 20% for the first six months of fiscal 2007 for total QUALCOMM (GAAP) is lower than the estimated annual effective tax rate of 22% due primarily to $33 million of tax benefits recorded in the first quarter related to the retroactive extension of the federal research and development tax credit. (e) At fiscal year-end, the sum of the quarterly tax provisions for each column, including QSI, will equal the annual tax provisions for each column computed in accordance with GAAP. In interim quarters, the tax provision for the QSI operating segment is computed by subtracting the tax provision for QUALCOMM pro forma, the tax adjustment column and the tax provisions related to estimated share-based compensation and in-process R&D from the tax provision for total QUALCOMM (GAAP). (f) Free Cash Flow is calculated as net cash provided by operating activities less capital expenditures. Reconciliation of these amounts is included in the Reconciliation of Pro Forma Free Cash Flows to Total QUALCOMM Net Cash Provided by Operating Activities for the six months ended April 1, 2007, included herein. (g) Incremental tax benefits from stock options exercised during the period. QUALCOMM Incorporated RECONCILIATION OF PRO FORMA FREE CASH FLOWS TO TOTAL QUALCOMM (GAAP) NET CASH PROVIDED BY OPERATING ACTIVITIES AND OTHER SUPPLEMENTAL DISCLOSURES (In millions) (Unaudited) Three Months Ended April 1, 2007 Estimated Total QUALCOMM Share-Based In-Process QUALCOMM Pro Forma Compensation R&D QSI (GAAP) Net cash provided (used) by operating activities $1,159 $(87)(a) $(10) $(71) $991 Less: capital expenditures (72) -- -- (20) (92) Free cash flow $1,087 $(87) $(10) $(91) $899 Other supplemental cash disclosures: Cash transfers from QSI (1) $7 $-- $-- $(7) $-- Cash transfers to QSI (2) (99) -- -- 99 -- Net cash transfers $(92) $-- $-- $92 $-- Six Months Ended April 1, 2007 Estimated Total QUALCOMM Share-Based In-Process QUALCOMM Pro Forma Compensation R&D QSI (GAAP) Net cash provided (used) by operating activities $1,994 $(119)(a) $(10) $(85) $1,780 Less: capital expenditures (361) -- -- (53) (414) Free cash flow $1,633 $(119) $(10) $(138) $1,366 Other supplemental cash disclosures: Cash transfers from QSI (1) $13 $-- $-- $(13) $-- Cash transfers to QSI (2) (194) -- -- 194 -- Net cash transfers $(181) $-- $-- $181 $-- (1) Cash from loan payments and sale of equity securities. (2) Funding for strategic debt and equity investments and other QSI operating expenses. Three Months Ended March 26, 2006 Estimated Total QUALCOMM Share-Based In-Process QUALCOMM Pro Forma Compensation R&D QSI (GAAP) Net cash provided (used) by operating activities $1,072 $(172)(a) $-- $(11) $889 Less: capital expenditures (125) -- -- (36) (161) Free cash flow $947 $(172) $-- $(47) $728 Six Months Ended March 26, 2006 Estimated Total QUALCOMM Share-Based In-Process QUALCOMM Pro Forma Compensation R&D QSI (GAAP) Net cash provided (used) by operating activities $1,785 $(273)(a) $-- $(27) $1,485 Less: capital expenditures (307) -- -- (67) (374) Free cash flow $1,478 $(273) $-- $(94) $1,111 (a) Incremental tax benefits from stock options exercised during the period. QUALCOMM Incorporated CONDENSED CONSOLIDATED BALANCE SHEETS (In millions, except per share data) (Unaudited) ASSETS April 1, September 24, 2007 2006 Current assets: Cash and cash equivalents $3,353 $1,607 Marketable securities 3,198 4,114 Accounts receivable, net 714 700 Inventories 347 250 Deferred tax assets 232 235 Other current assets 234 143 Total current assets 8,078 7,049 Marketable securities 4,751 4,228 Property, plant and equipment, net 1,582 1,482 Goodwill 1,320 1,230 Deferred tax assets 486 512 Other assets 1,037 707 Total assets $17,254 $15,208 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Trade accounts payable $566 $420 Payroll and other benefits related liabilities 240 273 Unearned revenue 289 197 Income taxes payable 298 137 Other current liabilities 433 395 Total current liabilities 1,826 1,422 Unearned revenue 151 141 Other liabilities 247 239 Total liabilities 2,224 1,802 Stockholders' equity: Preferred stock, $0.0001 par value; issuable in series; 8 shares authorized; none outstanding at April 1, 2007 and September 24, 2006 -- -- Common stock, $0.0001 par value; 6,000 shares authorized; 1,665 and 1,652 shares issued and outstanding at April 1, 2007 and September 24, 2006, respectively -- -- Paid-in capital 7,758 7,242 Retained earnings 7,075 6,100 Accumulated other comprehensive income 197 64 Total stockholders' equity 15,030 13,406 Total liabilities and stockholders' equity $17,254 $15,208 QUALCOMM Incorporated CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) Three Months Ended Six Months Ended April 1, March 26, April 1, March 26, 2007 2006 2007 2006 Revenues: Equipment and services $1,370 $1,122 $2,712 $2,271 Licensing and royalty fees 851 712 1,528 1,304 Total revenues 2,221 1,834 4,240 3,575 Operating expenses: Cost of equipment and services revenues 634 521 1,268 1,037 Research and development 454 390 895 731 Selling, general and administrative 385 263 754 502 Total operating expenses 1,473 1,174 2,917 2,270 Operating income 748 660 1,323 1,305 Investment income, net 180 125 383 216 Income before income taxes 928 785 1,706 1,521 Income tax expense (202) (192) (333) (308) Net income $726 $593 $1,373 $1,213 Basic earnings per common share $0.44 $0.36 $0.83 $0.73 Diluted earnings per common share $0.43 $0.34 $0.81 $0.71 Shares used in per share calculations: Basic 1,659 1,664 1,656 1,655 Diluted 1,693 1,721 1,689 1,711 Dividends per share paid $0.24 $0.18 $0.24 $0.18 Dividends per share announced $0.12 $0.09 $0.24 $0.18 QUALCOMM Incorporated CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Three Months Ended Six Months Ended April 1, March 26, April 1, March 26, 2007 2006 2007 2006 Operating Activities: Net income $726 $593 $1,373 $1,213 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 93 63 184 121 Non-cash portion of share-based compensation expense 127 120 257 242 Incremental tax benefits from stock options exercised (87) (172) (119) (273) Net realized gains on marketable securities and other investments (55) (40) (119) (60) Non-cash income tax expense 131 116 229 220 Other items, net 2 22 8 26 Changes in assets and liabilities, net of effects of acquisitions: Accounts receivable, net (8) 157 (17) (14) Inventories (17) (21) (98) (39) Other assets (57) 5 (155) 21 Trade accounts payable 87 19 134 106 Payroll, benefits and other liabilities 7 21 1 (65) Unearned revenue 42 6 102 (13) Net cash provided by operating activities 991 889 1,780 1,485 Investing Activities: Capital expenditures (92) (161) (414) (374) Purchases of available-for-sale securities (1,908) (2,744) (3,581) (6,062) Proceeds from sale of available-for-sale securities 1,909 2,283 4,345 4,443 Other investments and acquisitions, net of cash acquired (7) (264) (227) (270) Other items, net 3 41 1 45 Net cash (used) provided by investing activities (95) (845) 124 (2,218) Financing Activities: Proceeds from issuance of common stock 158 287 255 468 Incremental tax benefits from stock options exercised 87 172 119 273 Dividends paid (398) (298) (398) (298) Repurchase and retirement of common stock (40) -- (136) -- Net cash (used) provided by financing activities (193) 161 (160) 443 Effect of exchange rate changes on cash 1 (3) 2 (1) Net increase (decrease) in cash and cash equivalents 704 202 1,746 (291) Cash and cash equivalents at beginning of period 2,649 1,577 1,607 2,070 Cash and cash equivalents at end of period $3,353 $1,779 $3,353 $1,779

QUALCOMM Incorporated

CONTACT: John Gilbert, Vice President of Investor and Industry Analyst
Relations of QUALCOMM Incorporated, +1-858-658-4813, or fax, +1-858-651-9303,
ir@qualcomm.com

Web site: http://www.qualcomm.com/

GSI Commerce Reports Fiscal 2007 First Quarter Operating Results; Net Revenue Grows 28 Percent and Merchandise Sales Grow 69 PercentCompany Also Highlights Emerging Growth Initiatives

KING OF PRUSSIA, Pa., April 25 /PRNewswire-FirstCall/ -- GSI Commerce Inc. today announced financial results for its 2007 fiscal first quarter ended March 31, 2007.

Fiscal 2007 First Quarter Compared to Fiscal 2006 First Quarter -- Net revenue increased 28 percent to $146.3 million from $114.2 million. -- Merchandise sales increased 69 percent to $322.5 million from $191.0 million. -- Loss from operations was $4.8 million compared to a loss of $3.9 million. -- Adjusted EBITDA increased 45 percent to $3.8 million from $2.6 million. -- Net loss was $2.3 million or $0.05 per share compared to a net loss of $4.4 million or $0.10 per share. -- Non-GAAP net loss, which beginning with this release is now calculated on a fully taxed basis, was $1.0 million or $0.02 per share compared to a loss of $2.7 million or $0.06 per share.

Definitions of the non-GAAP measures merchandise sales, adjusted EBITDA, non-GAAP net income and free cash flow and a discussion of the importance of these financial metrics to GSI's business can be found under "Non-GAAP Financial Measures" provided later in this news release.

"I am very pleased with our first quarter performance. We executed well against our plan and our business maintained a healthy pace coming off a strong fiscal 2006," said Michael G. Rubin, chairman and CEO of GSI. "Net revenues and merchandise sales grew 28 percent and 69 percent, respectively, and we exceeded the high end of our first quarter guidance on all of our key profitability metrics. I am optimistic about the balance of the year based on underlying momentum and a robust pipeline of prospects."

Emerging Growth Initiatives

With the company's core strategy having guided GSI to its position as an industry leader, the company plans to broaden its long-term opportunity with two emerging growth initiatives: international and interactive marketing services.

"Since launching our business in 1999, we have primarily focused on developing our end-to-end e-commerce capabilities in the U.S. market. Having reached a leadership position in our core market, the time is right to focus not only on continuing to rapidly grow our core business but to also add new, complementary growth opportunities that can meaningfully impact our overall potential in the long run," said Rubin.

International:

The international growth initiative will be led by GSI executive Steve Davis. Davis will assume the role of president of the company's international business, and lead the company's opportunity to replicate its successful U.S. model worldwide. By 2009, Forrester Research estimates that the U.S. online business-to-consumer market (B2C) will grow to approximately $213 billion while International Data Corporation estimates the global, online B2C market will grow to approximately $1.1 trillion. Using these estimates, approximately 81 percent of the global, online B2C market will be located outside of the U.S. by 2009. Thus, while the U.S. market has historically accounted for virtually all of the company's revenues, this initiative is designed to grow the company's international business to account for a meaningful portion of the company's revenues in the future.

Davis will run the international division from the company's international headquarters in Barcelona, Spain. Davis has been a member of the GSI senior management team since 2000. He has overseen account management for the company's partners and has led GSI's product management team. He is also credited with launching and directing gsi interactive(SM), a division of GSI Commerce, which provides a broad range of interactive marketing services.

Interactive Marketing Services:

A search is underway for a president of gsi interactive. This executive will be responsible for building on the momentum of GSI's marketing services division and servicing the online marketing needs of partners who continue to move their marketing dollars from traditional media to the online channel. With a talented group of more than 135 employees, gsi interactive currently provides interactive design, user experience, digital photography, content, e-mail marketing, search and other online marketing services to 50 of GSI's 60-plus partners.

Key Events Since Feb. 13, 2007 -- In March, GSI announced it had entered into its 12th retail merchandise category when the company signed a multiyear agreement with The Hershey Company , North America's leading chocolate and confectionery manufacturer, to provide a full-service, direct-to- consumer solution for its online gift store and catalog, Hershey's Gifts (http://www.hersheysgifts.com/) and Mauna Loa (http://www.maunaloa.com/). Services GSI will provide to Hershey include e-commerce technology, order processing, personalization and fulfillment of gifts, and customer care support for Web, catalog and business consumers. -- During the quarter, the company also entered its 13th retail merchandise category by signing an e-commerce agreement with a publicly traded, multi-billion dollar specialty retailer. The company expects to name the new partner after the launch of the partner's new online store this fall. Services provided by GSI will include e-commerce technology, order processing, fulfillment and customer care operations. -- Also in March, GSI announced that it signed a 10-year extension to the existing long-term e-commerce agreement with The Sports Authority Inc. (http://www.thesportsauthority.com/), one of the largest, national full-line sporting goods chains. Services GSI provides include e-commerce technology, order processing, fulfillment, customer care operations, and comprehensive design and interactive services including paid search and affiliate marketing. -- In April, GSI announced it signed a multiyear agreement with Charlotte Russe Holding Inc. , a women's apparel and accessories retailer. GSI will provide Charlotte Russe with e-commerce technology, order processing, customer care, fulfillment services and Web site design. The site is expected to launch in the fall. 2007 Fiscal Year and Second Quarter Financial Guidance

The following forward-looking statements reflect GSI's expectations as of April 25, 2007. Given the potential changes in general economic conditions and consumer spending, the emerging nature of e-commerce and various other risk factors discussed below and in our public reports, actual results may differ materially.

The company provides the following updated guidance for fiscal year 2007 (dollars in millions):

GAAP Guidance Non-GAAP Guidance Range Range Net revenue $710.0 - $760.0 Merchandise sales (a) $1,590.0 - $1,690.0 Income from operations $9.5 - $12.5 Adjusted EBITDA (b) $52.0 - $55.0 Net income $38.0 - $41.0 Non-GAAP net income (c) $12.0 - 15.0 (fully taxed)

The following additional fiscal 2007 year guidance is presented to reconcile the GAAP financial metric to its corresponding Non-GAAP financial metric:

a) Merchandise sales: add to projected net revenue estimated merchandise sales from non-owned inventory of approximately $1.085 billion - $1.135 billion and subtract estimated service fees of approximately $205.0 million. b) Adjusted EBITDA: add to projected income from operations estimated depreciation and amortization of $34.0 million and estimated stock- based compensation of $8.5 million. c) Non-GAAP net income: add to projected net income estimated stock-based compensation of $8.5 million and estimated amortization of acquisition-related intangibles of $1.5 million and subtract estimated income tax benefit of $26.0 million. This figure is then taxed at our estimated annual effective tax rate of 38.5 percent.

Capital expenditures for fiscal year 2007 are estimated to be in a range of $50.0 - $55.0 million.

The company provides the following guidance for fiscal 2007 second quarter (dollars in millions):

GAAP Guidance Non-GAAP Guidance Range Range Net revenue $125.0 - $135.0 Merchandise sales (a) $280.0 - $300.0 Loss from operations $(12.0) - $(11.0) Adjusted EBITDA loss (b) $(2.0) - $(1.0) Net loss $(7.5) - $(6.5) Non-GAAP net loss (c) $(6.0) - $(5.0) (fully taxed)

The following additional fiscal 2007 second quarter guidance is presented to reconcile the GAAP financial metric to its corresponding Non-GAAP financial metric:

a) Merchandise sales: add to projected net revenue estimated merchandise sales from non-owned inventory of approximately $190.0 million - $200.0 million and subtract estimated service fees of approximately $35.0 million. b) Adjusted EBITDA: add to projected loss from operations estimated depreciation and amortization of $8.0 million and estimated stock- based compensation of $2.0 million. c) Non-GAAP net loss: add to projected net loss estimated stock-based compensation of $2.0 million and estimated amortization of acquisition-related intangibles of $0.4 million for fiscal 2007 second quarter and subtract estimated income tax benefit of $4.0 million. This figure is then taxed at our estimated annual effective tax rate of 38.5 percent. Non-GAAP Financial Measures

GSI's consolidated financial statements are prepared and presented in accordance with GAAP. To supplement our consolidated financial statements, in this release and on the conference call, we use the non-GAAP financial measures of merchandise sales, adjusted EBITDA, non-GAAP net income and free cash flow. We also discuss certain ratios that use those measures. The non- GAAP measures and ratios presented are not intended to be considered in isolation of, as a substitute for or superior to our GAAP financial information. We have included reconciliations later in this release of the non-GAAP measures to the nearest GAAP measure.

We use these non-GAAP financial measures for financial and operational decision making and as a means to evaluate our performance. In our opinion, these non-GAAP measures provide meaningful supplemental information regarding our performance. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting and analyzing future periods. These non-GAAP financial measures also facilitate management's internal comparisons to our historical performance and liquidity as well as comparisons to our competitors' operating results. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision making and (2) they are used by institutional investors and the analyst community to help them analyze the health of our business.

Merchandise sales. We define merchandise sales as the retail value of all sales transactions, inclusive of freight charges and net of allowances for returns and discounts, which flow through our platform, whether or not we are the seller of the merchandise or record the full amount of such sales on our financial statements. We consider merchandise sales to be a useful metric for management and investors because a significant portion of our sales and marketing expenses, including fulfillment and customer service labor expense, order processing costs such as credit card and bank processing fees and organizational costs such as business management, are related to the amount of sales made through our platform, whether or not we record the revenue from such sales. As a result, we use this metric as part of our revenue and expense forecasting process and for capacity planning purposes. We monitor this metric on a daily basis and consider it to be a critical measure of the health of our business.

Adjusted EBITDA. We define adjusted EBITDA as income from operations excluding stock-based compensation and depreciation and amortization expenses. We consider adjusted EBITDA to be a useful metric for management and investors because it excludes certain non-cash items. Because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use when valuing equity awards under SFAS 123R, we believe that viewing income from operations excluding stock-based compensation expense allows investors to make meaningful comparisons between our operating performance and those of other businesses. Because we are growing rapidly and operate in an emerging and rapidly changing industry, we believe that our level of capital expenditures and consequently the level of depreciation and amortization expense relative to our revenues could be meaningfully greater today than it will be over time. As a result, we believe it is useful supplemental information to view income from operations excluding depreciation and amortization expense as it provides a potential indicator of the future operating margin potential of the business.

Non-GAAP net income. Beginning with this release, we are defining non-GAAP net income as net income plus stock-based compensation expense and amortization of acquisition-related intangibles minus cumulative effect of change in accounting principle related to the adoption of SFAS 123R and plus/minus the provision/benefit for income taxes. This figure is then taxed at our current annual effective tax rate to arrive at non-GAAP net income. We believe it is useful to exclude stock-based compensation expense from non-GAAP net income for the same reason we exclude it from adjusted EBITDA. We believe it is useful to exclude amortization of acquisition-related intangibles because in our opinion the benefits of these assets could exceed the amortization period and this supplemental view enables management and investors to measure the business without this potential effect. The gain we recorded from the cumulative effect of change in accounting principle related to the adoption of SFAS 123R is an item we view as non-recurring in nature. We believe it is useful to view net income without the benefit of this non- recurring item. We exclude the GAAP income tax provision in order to compute the non-GAAP pre-tax income. The non-GAAP pre-tax income is then taxed at our current annual effective tax rate to arrive at non-GAAP net income.

Free cash flow. We define free cash flow as net cash provided by operating activities minus capital expenditures, including capitalized software development. We consider free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that, after the acquisition of property and equipment, including information technology infrastructure, can be used for strategic opportunities, including investing in the business, making strategic acquisitions and strengthening the balance sheet. Analysis of free cash flow also facilitates management's comparisons of our operating results to competitors' operating results. A limitation of using free cash flow as a means for evaluating our performance is that free cash flow reflects changes in working capital which is impacted by short-term changes in cash flow and the seasonality of our business which may not be indicative of long-term performance. Another limitation of free cash flow is that it excludes fixed assets purchased and placed in service but not paid for during the applicable period. Our management compensates for this limitation by providing information about capital expenditures on the face of the cash flow statement and in supplemental disclosures in our Forms 10-K and 10-Q.

Fiscal First Quarter 2007 Conference Call

GSI Commerce has scheduled a conference call for today at 4:45 p.m. EDT to review its fiscal 2007 first quarter operating results and to discuss the company's expectations for future performance. For access to the conference call, please call the toll-free conference number, 1-866-700-0133, today by 4:30 p.m. EDT. The conference passcode is "95060325." Alternatively, to listen to the call live on the Web, go to the GSI Commerce Web site, http://www.gsicommerce.com/, and click on the link provided on the home page. Please do this at least 15 minutes prior to the call (4:30 p.m. EDT) to register, download and install any necessary audio software. The conference call also will be broadcast live on the Web through CCBN StreetEvents (http://www.streetevents.com/). For those who cannot listen to the live Webcast, a telephone replay of the conference call will be available one hour after the completion of the call and remain available through May 25. Access to a recording of the conference call can be made by calling toll-free, 1-888-286-8010. The telephone replay passcode is "69837917." Additionally, access to a replay of the conference call's Webcast can be found on the home page of the GSI Commerce Web site. Access to the audio replay of the Webcast also will remain available through May 25.

About GSI Commerce(R)

GSI Commerce is a leading provider of e-commerce solutions that enable retailers, branded manufacturers, entertainment companies and professional sports organizations to operate e-commerce businesses. We provide solutions for our partners through our integrated e-commerce platform, which is comprised of three components: technology, logistics and customer care, and marketing services. We provide e-commerce solutions for more than 60 partners.

Forward-Looking Statements

All statements made in this release, other than statements of historical fact, are forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "will," "would," "should," "could," "guidance," "potential," "opportunity," "continue," "project," "forecast," "confident," "prospects," "schedule," designed," "future" and similar expressions typically are used to identify forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of GSI Commerce. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. Factors which may affect GSI Commerce's business, financial condition and operating results include the effects of changes in the economy, consumer spending, the financial markets and the industries in which GSI Commerce and its partners operate, changes affecting the Internet and e-commerce, the ability of GSI Commerce to develop and maintain relationships with strategic partners and suppliers and the timing of its establishment, extension or termination of its relationships with strategic partners, the ability of GSI Commerce to timely and successfully develop, maintain and protect its technology, confidential and proprietary information, and product and service offerings and execute operationally, the ability of GSI Commerce to attract and retain qualified personnel, the ability of GSI Commerce to successfully integrate its acquisitions of other businesses, if any, and the performance of acquired businesses. More information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.

Contact: GSI Commerce, Inc. Corporate Marketing 610.491.7474 Fax: 610.265.2866 news@gsicommerce.com GSI COMMERCE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) (Unaudited) December 30, March 31, 2006 2007 ASSETS Current assets: Cash and cash equivalents $71,382 $25,671 Marketable securities 113,074 108,335 Accounts receivable, net of allowance of $1,078 and $838 38,681 26,314 Inventory 46,816 41,962 Deferred tax assets 10,403 10,905 Prepaid expenses and other current assets 6,409 5,594 Total current assets 286,765 218,781 Property and equipment, net 106,204 118,241 Goodwill 17,786 17,786 Equity investments and other 2,435 2,435 Long-term deferred tax assets 36,792 37,719 Other assets, net of accumulated amortization of $12,367 and $13,349 13,575 12,753 Total assets $463,557 $407,715 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $76,553 $33,563 Accrued expenses and other 72,740 48,670 Deferred revenue 11,790 13,887 Current portion - long-term debt and other 510 1,121 Total current liabilities 161,593 97,241 Convertible notes 57,500 57,500 Long-term debt 12,856 20,039 Deferred revenue and other 3,901 3,527 Total liabilities 235,850 178,307 Commitments and contingencies Stockholders' equity: Preferred stock, $0.01 par value, 4,990,000 shares authorized; 0 shares issued and outstanding as of December 30, 2006 and March 31, 2007 - - Common stock, $0.01 par value, 90,000,000 shares authorized; 45,878,527 and 46,306,001 shares issued as of December 30, 2006 and March 31, 2007, respectively; 45,878,324 and 46,305,798 shares outstanding as of December 30, 2006 and March 31, 2007, respectively 458 463 Additional paid in capital 347,676 351,648 Accumulated other comprehensive loss (97) (28) Accumulated deficit (120,330) (122,675) Total stockholders' equity 227,707 229,408 Total liabilities and stockholders' equity $463,557 $407,715 GSI COMMERCE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three Months Ended April 1, March 31, 2006 2007 Revenues: Net revenues from product sales $91,657 $108,750 Service fee revenues 22,586 37,533 Net revenues 114,243 146,283 Cost of revenues from product sales 67,066 76,802 Gross profit 47,177 69,481 Operating expenses: Sales and marketing, inclusive of $1,309 and $557 of stock-based compensation 30,713 44,174 Product development, inclusive of $192 and $288 of stock-based compensation 8,403 13,738 General and administrative, inclusive of $422 and $752 of stock-based compensation 7,397 9,411 Depreciation and amortization 4,516 6,924 Total operating expenses 51,029 74,247 Loss from operations (3,852) (4,766) Other (income) expense: Interest expense 778 842 Interest income (1,490) (1,944) Other (income) expense (150) 15 Impairment on investment 1,647 - Total other (income) expense 785 (1,087) Loss before income taxes (4,637) (3,679) Provision (benefit) for income taxes 2 (1,334) Net loss before cumulative effect of change in accounting principle (4,639) (2,345) Cumulative effect of change in accounting principle 268 - Net loss $(4,371) $(2,345) Basic and diluted loss per share: Prior to cumulative effect of change in accounting principle $(0.11) $(0.05) Cumulative effect of change in accounting principle $0.01 $- Net loss $(0.10) $(0.05) Weighted average shares outstanding - basic and diluted 44,680 45,999 GSI COMMERCE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Three Months Ended April 1, March 31, 2006 2007 Cash Flows from Operating Activities: Net loss $(4,371) $(2,345) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 4,516 6,924 Stock-based compensation 1,923 1,597 Loss on investment 1,647 - Loss on disposal of equipment 55 46 Deferred tax assets - (1,402) Cumulative effect of change in accounting principle (268) - Changes in operating assets and liabilities: Accounts receivable, net 5,182 12,393 Inventory 3,272 4,855 Prepaid expenses and other current assets (222) 815 Other assets, net 146 303 Accounts payable and accrued expenses and other (32,016) (68,826) Deferred revenue (412) 1,567 Net cash used in operating activities (20,548) (44,073) Cash Flows from Investing Activities: Payments for acquisition of business, net of cash acquired (2,629) - Cash paid for property and equipment, including internal use software (3,721) (9,556) Proceeds from government grant related to corporate headquarters 2,925 - Other deferred cost 41 - Cash paid for equity investments (2,408) - Purchases of marketable securities (63,405) (56,279) Sales of marketable securities 71,975 60,950 Net cash provided by (used in) investing activities 2,778 (4,885) Cash Flows from Financing Activities Repayments of capital lease obligations (152) (123) Repayments of mortgage note (55) (47) Proceeds from exercise of common stock options 2,029 3,402 Net cash provided by financing activities 1,822 3,232 Effect of exchange rate changes on cash and cash equivalents 5 15 Net decrease in cash and cash equivalents (15,943) (45,711) Cash and cash equivalents, beginning of period 48,361 71,382 Cash and cash equivalents, end of period $32,418 $25,671 GSI COMMERCE, INC. AND SUBSIDIARIES ADJUSTED EBITDA (1) AND RECONCILIATION TO GAAP RESULTS (In thousands) (Unaudited) Three Months Ended April 1, March 31, 2006 2007 Reconciliation of GAAP loss from operations to Adjusted EBITDA: GAAP loss from operations $(3,852) $(4,766) Stock-based compensation 1,923 1,597 Depreciation and amortization 4,516 6,924 Adjusted EBITDA $2,587 $3,755 (1) Adjusted EBITDA no longer includes other income (expense) as a reconciling item between Adjusted EBITDA and GAAP results. GSI COMMERCE, INC. AND SUBSIDIARIES NON-GAAP NET LOSS AND RECONCILIATION TO GAAP RESULTS (In thousands, except per share data) (Unaudited) Three Months Ended April 1, March 31, 2006 2007 Reconciliation of GAAP net loss to non-GAAP net loss: GAAP net loss $(4,371) $(2,345) Provision (benefit) for income taxes 2 (1,334) Stock-based compensation 1,923 1,597 Cumulative effect of change in accounting principle (268) - Amortization of acquisition-related intangibles 14 391 Non-GAAP pre-tax loss (2,700) (1,691) Income tax benefit at 38.5% (1) - (651) Non-GAAP net loss $(2,700) $(1,040) Basic and diluted non-GAAP net loss per share $(0.06) $(0.02) Weighted average shares outstanding - basic and diluted 44,680 45,999 (1) The income tax benefit for the three months ended March 31, 2007 is calculated using our fiscal 2007 effective tax rate. For the three months ended April 1, 2006, there was no GAAP benefit for income taxes. GSI COMMERCE, INC. AND SUBSIDIARIES FREE CASH FLOW AND RECONCILIATION TO GAAP OPERATING CASH FLOW - TRAILING TWELVE MONTHS (In thousands) (Unaudited) Twelve Months Ended April 1, March 31, 2006 2007 Reconciliation of GAAP operating cash flow to free cash flow GAAP cash flow from operating activities $29,255 $42,552 Cash paid for fixed assets, including capitalized software development (26,511) (48,456) Free cash flow $2,744 $(5,904) GSI COMMERCE, INC. AND SUBSIDIARIES MERCHANDISE SALES (1) AND RECONCILIATION TO GAAP RESULTS (Dollars in thousands) (Unaudited) Three Months Ended April 1, March 31, Variance 2006 2007 Amount % Merchandise sales (1) - (a non-GAAP financial measure): Category: Sporting goods $67,448 $91,945 $24,497 36% Other 123,502 230,554 107,052 87% Total merchandise sales (1) - (a non-GAAP financial measure) $190,950 $322,499 $131,549 69% Net revenues - (GAAP basis): Net revenues from product sales: Category: Sporting goods $55,837 $76,774 $20,937 37% Other 35,820 31,976 (3,844) -11% Total net revenues from product sales 91,657 108,750 17,093 19% Service fee revenues 22,586 37,533 14,947 66% Total net revenues - (GAAP basis) $114,243 $146,283 $32,040 28% Reconciliation of merchandise sales (1) to net revenues: Merchandise sales (1) - (a non-GAAP financial measure): Category: Sporting goods $67,448 $91,945 $24,497 36% Other 123,502 230,554 107,052 87% Total merchandise sales (1) - (a non-GAAP financial measure) 190,950 322,499 131,549 69% Less: Sales by partners (2): Category: Sporting goods (11,611) (15,171) (3,560) 31% Other (87,682) (198,578) (110,896) 126% Total sales by partners (2) (99,293) (213,749) (114,456) 115% Add: Service fee revenues 22,586 37,533 14,947 66% Net revenues - (GAAP basis) $114,243 $146,283 $32,040 28% (1) Merchandise sales represents the retail value of all sales transactions, inclusive of freight charges and net of allowances for returns and discounts, which flow through the GSI Commerce platform, whether or not GSI Commerce is the seller of the merchandise or records the full amount of such sales on its financial statements. (2) Represents the retail value of all product sales through the GSI Commerce platform where the inventory is owned by the partner and the partner is the seller of the merchandise. GSI Commerce records service fee revenues on these sales.

GSI Commerce, Inc.

CONTACT: GSI Commerce, Inc. Corporate Marketing, +1-610-491-7474, or
fax, +1-610-265-2866, news@gsicommerce.com

Web site: http://www.gsicommerce.com/

Plexus Announces Q2 Revenue of $360 Million and EPS of $0.22Initiates Q3 Revenue Guidance of $365 - $375 Million and Re-Sets Full Year Revenue Growth Target

NEENAH, Wis., April 25 /PRNewswire-FirstCall/ -- Plexus Corp. today announced results for its fiscal second quarter and provided forward-looking guidance for its fiscal third quarter and its full fiscal year 2007.

-- Q2 '07 Results: Revenue for the fiscal 2nd quarter ended March 31, 2007 was $360 million with diluted GAAP EPS of $0.22, including $0.02 per share of stock option expense. -- Q3 '07 Guidance: The Company established fiscal 3rd quarter revenue guidance of $365 to $375 million with EPS, excluding any restructuring charges, in the range of $0.25 to $0.30, including approximately $0.03 per share of stock option expense. -- FY '07 Target: Plexus revised its full fiscal year revenue growth target to 6% to 8% over fiscal 2006.

Dean Foate, President and CEO, commented, "From a revenue perspective Q2 was better than we had anticipated with the Wireline/Networking and Medical sectors outperforming previous expectations. Looking forward we are expecting sequential growth in the back half of the year to be fueled primarily by the Wireline/Networking and Defense/Security/Aerospace sectors. Late in the second quarter we received follow-on purchase orders for a large defense program. We expect to deliver the bulk of these orders in Q4."

Gordon Bitter, Chief Financial Officer, added, "Profitability in Q2 was substantially better than projected, as higher revenues and aggressively implemented cost controls helped achieve better than expected operating efficiencies. Unfortunately, we wrote down $5.9 million (pre-tax) of inventory purchased during the quarter due to financial concerns about a late-stage development customer."

Foate concluded, "Plexus continues to be a solid execution engine for our customers. We are well positioned to service our target market sectors, and focused on delivering long-term value to our shareholders."

Plexus provides non-GAAP supplemental information. These non-GAAP income statements exclude transactions that are not expected to have an effect on future operations. Such transactions include restructuring costs, as well as the establishment or reduction of the valuation allowance for deferred tax assets. These non-GAAP financial data are provided to facilitate meaningful period-to-period comparisons of underlying operational performance by eliminating infrequent or unusual charges. Similar non-GAAP financial measures are used for internal management assessments because such measures provide additional insight into ongoing financial performance. Please refer to the attached accompanying reconciliations of the GAAP net income and EPS to the non-GAAP supplemental data.

SECTOR BREAKOUT

Plexus reports revenue based on the industry sector breakout set forth in the table below, which reflects the Company's sales and marketing focus.

Industry Q2 - Fiscal 2007 Q1 - Fiscal 2007 Wireline/Networking 45% 42% Wireless Infrastructure 8% 9% Medical 25% 27% Industrial/Commercial 16% 16% Defense/Security/Aerospace 6% 6% FISCAL Q2 HIGHLIGHTS -- Top 10 customers comprised 59% of sales during the quarter, down 1 percentage point from the previous quarter. -- Juniper Networks Inc., with 19% of sales, and General Electric Corp., with 10% of sales, were the only customers representing 10% or more of revenues for the quarter. -- Cash flow provided by operations was approximately $11.0 million for the quarter. -- Capital expenditures for the quarter were $16.2 million. -- Cash Conversion Cycle: Cash Conversion Cycle Q2 - Fiscal 2007 Q1 - Fiscal 2007 Days in Accounts Receivable 49 Days 46 Days Days in Inventory 68 Days 63 Days Days in Accounts Payable (54) Days (51) Days Annualized Cash Cycle 63 Days 58 Days Conference Call/Webcast and Replay Information What: Plexus Corp.'s Fiscal Q2 Earnings Conference Call When: Thursday, April 26th at 8:30 a.m. Eastern Time Where: 800-514-0843 or 973-935-8412 with conference ID: 8600895 http://www.videonewswire.com/PLXS/042607/index.html (requires Windows Media Player) Replay: The call will be archived until May 3, 2007 at noon Eastern Time http://www.videonewswire.com/PLXS/042607/index.html or via telephone replay at 877-519-4471 or 973-341-3080 PIN: 8600895

About Plexus Corp. -- The Product Realization Company Plexus (http://www.plexus.com/) is an award-winning participant in the Electronics Manufacturing Services (EMS) industry, providing product design, test, manufacturing, fulfillment and aftermarket solutions to branded product companies in the Wireline/Networking, Wireless Infrastructure, Medical, Industrial/Commercial and Defense/Security/Aerospace industries.

The Company's unique Focused Factory manufacturing model and global supply chain solutions are strategically enhanced by value-added product design and engineering services. Plexus specializes in customer programs that require flexibility, scalability, technology and quality.

Plexus provides award-winning customer service to more than 100 branded product companies in North America, Europe and Asia.

Safe Harbor and Fair Disclosure Statement

The statements contained in this release which are guidance or which are not historical facts (such as statements in the future tense and statements including "believe," "expect," "intend," "anticipate," "target" and similar terms and concepts), including all discussions of periods which are not yet completed, are forward-looking statements that involve risks and uncertainties, including, but not limited to: the economic performance of the electronics, technology and defense industries; the risk of customer delays, changes or cancellations in both ongoing and new programs; the poor visibility of future orders in the defense industry; the Company's ability to secure new customers and maintain its current customer base; material cost fluctuations and the adequate availability of components and related parts for production; the effect of changes in average selling prices; the effect of start-up costs of new programs and facilities, including our planned expansions in Asia; the adequacy of restructuring and similar charges as compared to actual expenses; possible unexpected costs and operating disruption in transitioning programs; the effect of general economic conditions and world events (such as terrorism and war in the Middle East); the impact of increased competition; and other risks detailed in the Company's Securities and Exchange Commission filings.

PLEXUS CORP. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) Three Months Ended Six Months Ended March 31, April 1, March 31, April 1, 2007 2006 2007 2006 Net sales $ 360,175 $ 337,911 $ 741,010 $ 666,217 Cost of sales 328,533 300,870 669,713 597,901 Gross profit 31,642 37,041 71,297 68,316 Operating expenses: Selling and administrative expenses 20,572 19,301 40,918 36,530 Restructuring costs 419 -- 932 -- 20,991 19,301 41,850 36,530 Operating income 10,651 17,740 29,447 31,786 Other income (expense): Interest expense (761) (1,001) (1,686) (1,831) Interest income 2,153 1,453 4,464 2,573 Miscellaneous income (expense) (82) 345 (631) 19 Income before income taxes 11,961 18,537 31,594 32,547 Income tax expense 1,803 -- 6,319 253 Net income $ 10,158 $ 18,537 $ 25,275 $ 32,294 Earnings per share: Basic $ 0.22 $ 0.42 $ 0.55 $ 0.73 Diluted $ 0.22 $ 0.40 $ 0.54 $ 0.71 Weighted average shares outstanding: Basic 46,296 44,633 46,269 44,265 Diluted 46,601 46,347 46,698 45,760 PLEXUS CORP. NON-GAAP SUPPLEMENTAL INFORMATION (in thousands, except per share data) (unaudited) Three Months Ended Six Months Ended March 31, April 1, March 31, April 1, 2007 2006 2007 2006 Net income -- GAAP $ 10,158 $ 18,537 $ 25,275 $ 32,294 Add income tax expense 1,803 -- 6,319 253 Income before income taxes -- GAAP 11,961 18,537 31,594 32,547 Add: Restructuring costs* 419 -- 932 -- Income before income taxes and excluding restructuring costs -- Non-GAAP 12,380 18,537 32,526 32,547 Income tax expense -- Non-GAAP 1,866 -- 6,505 253 Net income - Non-GAAP $ 10,514 $ 18,537 $ 26,021 $ 32,294 Earnings per share -- Non-GAAP: Basic $ 0.23 $ 0.42 $ 0.56 $ 0.73 Diluted $ 0.23 $ 0.40 $ 0.56 $ 0.71 Weighted average shares outstanding: Basic 46,296 44,633 46,269 44,265 Diluted 46,601 46,347 46,698 45,760 * Summary of restructuring costs Restructuring costs: Lease exit costs and other $ -- $ -- $ -- $ -- Asset impairments -- -- -- -- Severance costs 419 -- 932 -- Total restructuring costs $ 419 $ -- $ 932 $ -- PLEXUS CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) (unaudited) March 31, September 30, 2007 2006 ASSETS Current assets: Cash and cash equivalents $ 132,706 $ 164,912 Short-term investments 45,000 30,000 Accounts receivable 194,442 209,737 Inventories 244,129 224,342 Deferred income taxes 10,378 10,232 Prepaid expenses and other 7,477 6,226 Total current assets 634,132 645,449 Property, plant and equipment, net 149,907 134,437 Goodwill, net 7,783 7,400 Deferred income taxes 4,606 4,542 Other 11,440 9,634 Total assets $ 807,868 $ 801,462 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of capital lease obligations $ 1,643 $ 997 Accounts payable 192,744 215,332 Customer deposits 7,601 7,091 Accrued liabilities: Salaries and wages 22,850 33,153 Other 30,022 29,808 Total current liabilities 254,860 286,381 Capital lease obligations 25,551 25,653 Other liabilities 9,434 7,861 Shareholders' equity: Common stock, $.01 par value, 200,000 shares authorized, 46,328 and 46,217 shares issued and outstanding, respectively 463 462 Additional paid-in-capital 322,762 312,785 Retained earnings 184,143 158,868 Accumulated other comprehensive income 10,655 9,452 Total shareholders' equity 518,023 481,567 Total liabilities and shareholders' equity $ 807,868 $ 801,462

Plexus Corp.

CONTACT: Kristian Talvitie, Vice President - Marketing, Branding and
Communications of Plexus Corp., +1-920-969-6160, kristian.talvitie@plexus.com

Web site: http://www.plexus.com/

Varian Medical Systems Reports Results for Second Quarter of Fiscal Year 2007Company lowers guidance for second half of fiscal year

PALO ALTO, Calif., April 25 /PRNewswire-FirstCall/ -- Varian Medical Systems today is reporting net earnings of $61 million ($0.46 per diluted share) for the second quarter of fiscal year 2007 versus net earnings of $56 million ($0.41 per diluted share) in the year-ago quarter. Revenues for the quarter rose 7 percent to $443 million, including $9 million from ACCEL Instruments. Net orders for the second quarter were $528 million, up 23 percent versus the same period last year, including $47 million in acquired backlog from ACCEL. Excluding acquired backlog, net orders were up 12 percent from the year-ago period. Backlog at the end of the quarter stood at $1.5 billion, up 19 percent from the end of the second quarter of fiscal 2006.

"Our developing businesses in flat panel digital detectors for filmless X-ray, security and inspection products, and ACCEL proton therapy and research instruments contributed to double-digit growth in net orders for both the second quarter and the first half despite a flat Oncology Systems business," said Tim Guertin, president and CEO of Varian Medical Systems. The developing businesses also drove revenue growth for the second quarter.

The company's second quarter gross margin was nearly 42 percent, up half a point from the year-ago quarter with a nearly 7 point jump in the X-ray Products margin as well as a small improvement in Oncology Systems' margin. These two businesses contributed to a 30 basis point improvement in Varian's second quarter operating margin versus the year ago period, despite the approximately one point dilutive effect of the ACCEL acquisition. In addition to margin improvements, a nearly one point drop in the tax rate helped to drive the company's year-over-year increase in second quarter net earnings.

Varian ended the second quarter with $289 million in cash and marketable securities. During the quarter, the company used $27 million of cash as part of its acquisition of ACCEL and $76 million to repurchase 1.6 million shares of its stock as part of a 4.5 million share repurchase authorization that extends through the end of fiscal year 2007.

Oncology Systems

Oncology Systems' second quarter revenues totaled $358 million, up 3 percent from the second quarter of last fiscal year. This business recorded second-quarter net orders of $373 million, up 2 percent from the same period last year. Net orders declined 10 percent in North America and rose 19 percent in the international market where gains in Europe and the rest of the world offset a decline in Asia.

As the company announced in an earlier press release, the softness in Oncology Systems net orders was due to longer purchasing cycles caused by bigger deal sizes for more sophisticated equipment and more complex customer decision processes. "Strong order growth for our IGRT products was offset by declines in other product lines, including brachytherapy, simulators and IMRT upgrades," Guertin said.

Varian also reported that Oncology Systems revenues for the quarter were lower than expected due in large measure to a higher percentage of IGRT installations which require greater site preparation and longer construction cycles. "IGRT-equipped systems now represent about 70 percent of our installations - more than twice the year-ago level - and they have contributed to delays and a longer time in backlog to allow for customer readiness," Guertin said.

"Given the longer time in backlog and weak first half orders, it's unlikely that we will achieve our normal double-digit annual growth in this business this fiscal year, but cancer demographics and technological advances make it reasonable to believe that we can resume faster growth rates over the long term."

X-Ray Products

Revenues for the X-Ray Products business, including tubes and digital flat-panel detectors for filmless X-ray imaging, were $66 million for the second quarter of fiscal year 2007, up 8 percent from the year-ago quarter. Net orders for this business were $68 million, up 16 percent from the year-ago quarter.

"The X-Ray Products business is continuing to post excellent results with growth in orders, sales and profits in both our tube and filmless X-ray detector product lines," Guertin said.

Other Businesses

Varian's Other business category, including the company's Security and Inspection Products unit, the ACCEL business, and the Ginzton Technology Center reported combined second quarter revenues of $19 million, up $12 million from the year-ago quarter. Including the acquired ACCEL backlog, net orders for the quarter were $88 million, up by $82 million from the second quarter in fiscal year 2006.

"The ACCEL business contributed $22 million during the quarter in new net orders for proton therapy services and instruments used in particle research," Guertin said. "The acquired backlog together with the new orders amount to more than twice what we paid to acquire this business and we expect it to develop into a growth engine for the company."

"In our security and inspection business, strong orders of cargo screening systems in international markets during the quarter led to robust order growth in this business which was up by more than 225 percent from the year-ago period," Guertin said. "We also saw the beginnings of a replacement cycle for the older accelerators used for non-destructive testing and industrial inspection."

Outlook

"Because of the low orders growth in Oncology Systems in the first half of fiscal 2007 and longer average times in backlog, we now believe that total company revenues for the fiscal year should increase in the low double-digits above fiscal 2006, including the effects of the ACCEL acquisition," Guertin said. "For the third quarter, we expect total revenue growth of about 6 percent. Net earnings, including ACCEL, should be in the range of $1.79 to $1.81 per diluted share for the fiscal year, and should be in the range of $0.35 to $0.36 per diluted share for the third quarter.

"We remain optimistic that the company has the pieces in place with Oncology Systems, X-Ray Products, as well as our developing businesses to achieve our goal of long-term average orders growth in the range of 10 to 15 percent per year."

Investor Conference Call

Varian Medical Systems is scheduled to conduct its second quarter fiscal year 2007 conference call at 2 p.m. PT today. To hear a live webcast or replay of the call, visit the investor relations page on the company's web site at http://www.varian.com/ where it will be archived for a year. To access the call via telephone, dial 1-866-543-6408 from inside the U.S. or 1-617-213-8899 from outside the U.S. and enter confirmation code 99648622. The replay can be accessed by dialing 1-888-286-8010 from inside the U.S. or 1-617-801-6888 from outside the U.S. and entering confirmation code 29487918. The telephone replay will be available through 5 p.m. PT, April 27, 2007.

Varian Medical Systems, Inc., of Palo Alto, California is the world's leading manufacturer of medical products for treating cancer and other medical conditions with radiotherapy, brachytherapy, radiosurgery, and proton therapy. The company is also a premier supplier of X-ray tubes and digital detectors for imaging in medical, scientific, and industrial applications. Varian Medical Systems employs approximately 4,200 people who are located at manufacturing sites in North America and Europe and in its 56 sales and support offices around the world. Additional information is available on the company's investor relations web site at http://www.varian.com/.

Forward-Looking Statements

Except for historical information, this news release contains forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements concerning industry outlook, including market acceptance of or transition to new products or technology such as image-guided radiation therapy (IGRT), stereotactic radiosurgery, proton therapy, filmless X-rays, and security and inspection; growth drivers; the company's orders, revenues, backlog, or earnings growth; future financial results and any statements using the terms "should," "believe," "optimistic," "outlook," "expect," or similar statements are forward-looking statements that involve risks and uncertainties that could cause the company's actual results to differ materially from those anticipated. Such risks and uncertainties include demand for the company's products; the impact of product sales cycles; the impact of competitive products and pricing; the effect of economic conditions and currency exchange rates; the company's ability to develop and commercialize new products; the company's ability to meet demand for manufacturing capacity; the company's reliance on sole or limited-source suppliers; the company's ability to maintain or increase operating margins; the effect of changes in accounting principles; the company's ability to meet Food and Drug Administration and other regulatory requirements for product clearances or to comply with Food and Drug Administration and other regulatory regulations or procedures; the possibility that material product liability claims could harm future revenues or require the company to pay uninsured claims; the effect of environmental claims and expenses; the company's ability to protect the company's intellectual property; the impact of reduced or limited demand by sole purchasers of certain X-ray tubes; the impact of managed care initiatives, other health care reforms, and/or third-party reimbursement levels on capital expenditures for cancer care; the potential loss of key distributors or key personnel; consolidation in the X-ray tubes market; the ability to make strategic acquisitions and to successfully integrate the acquired operations into the company's business; the risk of operations interruptions due to terrorism, disease (such as Severe Acute Respiratory Syndrome and Avian Influenza) or other events beyond the company's control; and the other risks listed from time to time in the company's filings with the Securities and Exchange Commission, which by this reference are incorporated herein. The company assumes no obligation to update or revise the forward-looking statements in this release because of new information, future events, or otherwise.

A summary of earnings and other financial information follows.

Contact: Elisha Finney, +1-650-424-6803, or elisha.finney@varian.com, or Spencer Sias, +1-650-424-5782, or spencer.sias@varian.com.

Varian Medical Systems, Inc. and Subsidiaries Consolidated Statements of Earnings (Unaudited) (Dollars and shares in millions, except per share amounts) Q2 QTR Q2 QTR Q2 YTD Q2 YTD 2007 2006 2007 2006 Net orders $528.3 428.8 936.2 831.1 Oncology Systems 372.6 364.7 702.8 691.4 X-Ray Products 67.5 58.2 135.0 113.4 Other 88.2 5.9 98.4 26.3 Order backlog $1,506.3 1,262.0 1,506.3 1,262.0 Revenues $442.6 413.9 830.5 748.1 Oncology Systems 358.4 346.5 674.9 622.8 X-Ray Products 65.5 60.7 127.9 112.9 Other 18.7 6.7 27.7 12.4 Cost of revenues (1) $257.5 242.8 485.2 438.2 Gross margin 185.1 171.1 345.3 309.9 As a percent of revenues 41.8% 41.3% 41.6% 41.4% Operating expenses Research and development (1) 28.4 25.0 55.4 47.2 Selling, general and administrative (1) 70.2 66.6 133.4 123.4 Operating earnings 86.5 79.5 156.5 139.3 As a percent of revenues 19.5% 19.2% 18.8% 18.6% Interest income, net 2.0 2.6 4.5 4.2 Earnings before taxes 88.5 82.1 161.0 143.5 Taxes on earnings (1) 27.5 26.3 50.5 46.5 Net earnings (1) $61.0 55.8 110.5 97.0 Net earnings per share - basic: (1) $0.48 0.42 0.86 0.74 Net earnings per share - diluted: (1) $0.46 0.41 0.83 0.71 Shares used in the calculation of net earnings per share: Average shares outstanding - basic 128.2 131.9 128.7 131.5 Average shares outstanding - diluted 131.9 136.8 132.5 136.4 (1)Includes amounts for total share-based compensation expense and its related tax benefits. (in millions, except per share amounts) Q2 QTR Q2 QTR Q2 YTD Q2 YTD 2007 2006 2007 2006 Costs of revenues $2.0 2.0 4.0 3.0 Research & development 1.2 1.2 2.5 2.1 Selling, general & administrative 8.9 8.5 16.5 14.6 Total 12.1 11.7 23.0 19.7 Taxes on earnings (4.1) (4.3) (7.8) (6.9) Net earnings $8.0 7.4 15.2 12.8 Net earnings per diluted share - share-based compensation expense $0.060 0.054 0.114 0.094 Net earnings per diluted share - excluding share-based compensation expense $0.52 0.46 0.95 0.80 Varian Medical Systems, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands) March 30, September 29, 2007 2006 (Unaudited) Assets Current assets Cash and cash equivalents $288,778 $272,508 Short-term marketable securities - 93,599 Accounts receivable, net 421,391 471,820 Inventories 267,683 189,653 Deferred tax assets and other 136,502 128,469 Total current assets 1,114,354 1,156,049 Property, plant and equipment 350,134 319,028 Accumulated depreciation and amortization (202,871) (188,710) Property, plant and equipment, net 147,263 130,318 Goodwill 153,955 121,389 Other assets 125,750 103,995 Total assets $1,541,322 $1,511,751 Liabilities and Stockholders' Equity Current liabilities Accounts payable $78,287 $77,985 Accrued expenses 256,044 265,750 Deferred revenues 92,626 117,813 Product warranty 47,518 42,992 Advance payments from customers 162,470 131,462 Current maturities of long-term debt 7,962 7,954 Total current liabilities 644,907 643,956 Other long-term liabilities 25,709 21,186 Long-term debt 55,916 49,356 Total liabilities 726,532 714,498 Stockholders' Equity Common stock 127,887 129,721 Capital in excess of par value 297,179 265,214 Retained earnings and accumulated other comprehensive loss 389,724 402,318 Total stockholders' equity 814,790 797,253 Total liabilities and stockholders' equity $1,541,322 $1,511,751

Varian Medical Systems, Inc.

CONTACT: Elisha Finney, +1-650-424-6803, or elisha.finney@varian.com, or
Spencer Sias, +1-650-424-5782, or spencer.sias@varian.com

Web site: http://www.varian.com/

ASE Test Limited & Subsidiaries Announce Unaudited First Quarter Results for the Period Ended March 31, 2007

TAIPEI, Taiwan, April 25 /Xinhua-PRNewswire-FirstCall/ -- ASE Test Limited ("We" or "the Company"), one of the world's largest independent providers of semiconductor testing services, today announced its first quarter (1Q07) diluted earnings of $0.12 per share, compared with diluted earnings of $0.27 per share in the first quarter of 2006 (1Q06) and diluted earnings of $0.33 per share in the fourth quarter of 2006 (4Q06) under generally accepted accounting principles in the Republic of China (ROC GAAP) (Note 1). The Company's first quarter net income totaled $12.6 million, compared with a net income of $27.0 million in 1Q06 and net income of $33.2 million in 4Q06 under ROC GAAP.

Under generally accepted accounting principles in the United States of America (US GAAP), the company reported its 1Q07 diluted earnings of $0.09 per share, compared with diluted earnings of $0.20 per share in 1Q06 and diluted earnings of $0.29 per share in 4Q06. Under US GAAP, the Company's first quarter net income totaled $9.7 million, compared with a net income of $20.1 million in 1Q06 and net income of $28.7 million in 4Q06.

Note 1:

Unless otherwise stated, all financial information presented in this press release is unaudited, consolidated, prepared in accordance with ROC GAAP and denominated in US dollars. Such financial information is generated internally by us, and has not been subjected to the same review and scrutiny, including internal auditing procedures and review by independent auditors, to which we subject our audited consolidated financial statements, and may vary materially from the audited consolidated financial information for the same period. Any evaluation of the financial information presented in this press release should also take into account our published audited consolidated financial statements and the notes to those statements. In addition, the financial information presented is not necessarily indicative of our results for any future period.

RESULTS OF OPERATIONS Revenues

Net revenues for 1Q07 totaled $97.2 million. This amount is down 24% from $127.3 million in 1Q06 and down 11% from $109.7 million in 4Q06. As a percentage of the Company's net revenues, testing revenues accounted for 75% and IC packaging revenues accounted for 25%. In 4Q06, net revenues from testing and IC packaging operations were 80% and 20%, respectively.

The Company's top ten customers in 1Q07 included (in alphabetical order) Altera Corporation, ATI Technologies, Atmel, Cambridge Silicon Radio, Conexant, Infineon Technologies AG, Lattice Semiconductor, Legerity, Qualcomm, and VIA Technologies. Net revenues from the Company's top ten and top five customers accounted for 56% and 35% of net revenues respectively. Only one customer accounted for more than 10% of net revenues in 1Q07. Net revenues from integrated device manufacturers (IDM's) represented approximately 20% of net revenues in 1Q07.

The following is the Company's estimated end-market composition of net revenues:

1Q06 4Q06 1Q07 Communications 38% 46% 53% Computers 32% 26% 19% Consumer 28% 25% 24% Industrial 1% 2% 3% Other 1% 1% 1% Expenses

The Company's cost of revenues in 1Q07 totaled $74.3 million, down 8% from $80.4 million in 1Q06 and up 1% from $74.0 million in 4Q06. Depreciation, amortization and rental expenses totaled $35.2 million, representing 36% of net revenues in 1Q07, compared with $40.1 million, or 32% of net revenues, in 1Q06 and $36.7 million, or 34% of net revenues, in 4Q06. The sequential decrease in depreciation, amortization and rental expenses was primarily attributable to certain machinery and equipment completing their operating lease terms.

The company's gross margin for 1Q07 was 24%, down from 37% in 1Q06 and down from 33% in 4Q06. These gross margin decreases were primarily attributable to decreased testing volumes and a slight increase in raw material content within our packaging business. Gross margin for IC testing was 26%, compared with 42% in 1Q06 and 35% in 4Q06. Gross margin for IC packaging was 16% in 1Q07, compared with 12% in 1Q06 and 21% in 4Q06.

The Company's operating expenses (R&D and SG&A expenses) in 1Q07 totaled $13.6 million, down 10% from 1Q06 and down 14% from 4Q06. Operating expenses were 14% of net revenues in 1Q07, up from 12% in the 1Q06 and unchanged in 4Q06. The decrease in operating expenses was primarily attributable to lower cost of facilities. Operating margin for the quarter was 10%, down from 25% in 1Q06 and down from 18% in 4Q06.

The Company's net non-operating income totaled $5.1 million in 1Q07, compared with net non-operating loss of $2.6 million in 1Q06 and net non- operating income of $6.9 million in 4Q06. The company's non-operating income is primarily composed of investment income from ASE Korea, net interest expense, and the results of our foreign exchange and other non-operational gains/losses. Investment income from our ownership interest in ASE Korea totaled $4.4 million in 1Q07, up from $2.9 million in 1Q06 and down from $4.7 million in 4Q06. Net interest expense totaled $0.8 million in 1Q07, down from $2.8 million in 1Q06 and down from $1.7 million in 4Q06. Finally, foreign exchange and other non-operational gains totaled $1.5 million in 1Q07, up from a $2.7 million losses in 1Q06 and down from a $3.9 million gains in 4Q06. The sequential decrease in non-operating income during the quarter was mainly due to certain accrual adjustments made for year end activities in 4Q06 not made in 1Q07.

During the quarter, the Company recognized a net income tax expense of $1.8 million, compared with a net income tax benefit of $6.4 million in 4Q06. During the 4Q06, our operations in Malaysia were able to recognize tax assets related to tax credits available from Malaysia's reinvestment allowance. At the end of 1Q07, the Company had total headcount of 5,242. This is down from 5,302 at the end of 4Q06.

Earnings

Net income in 1Q07 was $12.6 million, compared with net income of $27.0 million in 1Q06 and net income of $33.2 million in 4Q06. Diluted earnings per share were $0.12, compared with diluted earnings per share of $0.27 in 1Q06 and diluted earnings per share of $0.33 in 4Q06.

US GAAP Adjustment

The ROC GAAP to US GAAP net income reconciliation in 1Q07 primarily included a negative adjustment of $0.8 million for stock and cash compensation, a negative adjustment of $1.8 million related to compensation of ASE Test stock option and ASE Inc. stock options granted to ASE Test employees, and a negative adjustment of $0.5 million related to income tax expense.

BUSINESS REVIEW Testing Business

The company's testing revenues for 1Q07 were $73.4 million, down 31% from 1Q06 and down 17% from 4Q06. Testing revenue breakdown by type of testing service is shown in the table below:

Testing Service 1Q06 4Q06 1Q07 Final Test 67% 64% 65% Wafer Sort 27% 28% 27% Engineering Test 6% 8% 8% Total Test 100% 100% 100%

Gross margin for the testing operations during 1Q07 was 26%, down from 42% in 1Q06 and down from 35% in 4Q06. The sequential decrease in gross margin was primarily due to a decrease in testing volume, offset in part by a decrease in cost of revenue. Depreciation, amortization and rental expenses included in cost of revenues for our testing operations were $32.4 million, down from $36.9 million in 1Q06 and down from $34.0 million in 4Q06.

The Company spent $5.7 million on testing equipment in 1Q07. A total of 32 testers were added through purchase, lease and consignment, and 24 testers were disposed of. At the end of the period, the Company had a total of 759 testers, of which 265 testers were either leased or consigned.

IC Packaging Business

IC packaging revenues for the quarter were $23.8 million, up 14% from 1Q06 and up 10% from 4Q06. IC packaging revenue breakdown by package type is as follows:

Package Type 1Q06 4Q06 1Q07 Substrate & Advanced Leadframe Packages 76% 83% 75% Traditional Leadframe Packages 24% 17% 25% Total Package 100% 100% 100%

Gross margin for packaging in 1Q07 was 16%, up from 12% in 1Q06 and down from 21% in 4Q06. The Company spent $0.7 million on packaging equipment in 1Q07. We ended the quarter with 382 wirebonders, which represents no change from 4Q06.

LIQUIDITY AND BALANCE SHEET

At the end of the quarter, the Company had $209.9 million in cash and current financial assets, an increase of $30.9 million compared with 4Q06. Total unused credit lines amounted to $208.6 million. Total debt was $115.9 million, comprised of $31.3 million of current portion of long-term debt, and $84.6 million of long-term debt. Total debt decreased by $4.2 million during the quarter. The Company's debt maturity schedule, as of the end of 1Q07, was as follows:

Amount ($ million) Within the first year 31.3 During the second year 35.9 During the third year 33.1 During the fourth year 15.6 During the fifth year and thereafter 0.0

EBITDA (Note 2) for 1Q07 totaled $41.2 million, as compared to $55.1 million in 4Q06.

Note 2:

EBITDA for any period consists of profit from operating activities before extraordinary gains (including the fire insurance settlement) and expenditures plus depreciation expenses. EBITDA is not a standard measure under ROC GAAP or US GAAP. EBITDA is a widely used financial indicator of a company's ability to service and incur debt. EBITDA should not be considered in isolation or construed as an alternative to cash flows, net income or any other measure of performance or as an indicator or our operating performance, liquidity, profitability or cash flows generated by operating, investing or financing activities. EBITDA does not account for taxes, interest expense or other non-operating cash expenses. In evaluating EBITDA, we believe that investors should consider, among other things, the components of EBITDA such as turnover and operating expenses and the amount by which EBITDA exceeds capital expenditures and other changes. We have included EBITDA because we believe it is a useful supplement to cash flow data as a measure of our performance and our ability to generate cash flow from operations to cover debt service and taxes. EBITDA presented herein may not be comparable to similarly titled measures presented by other companies. Investors should not compare our EBITDA to EBITDA presented by other companies because not all companies use the same definition.

CASHFLOW AND CAPITAL EXPENDITURES

The company's operating cashflow was $48.5 million in 1Q07 as compared to operating cashflow of $49.9 million in 1Q06. Operating cashflow decreased from the year-ago period primarily due to lower net income offset in part by lower working capital requirements. Operating cashflow was 50% of net sales during 1Q07 as versus 39% during 1Q06. In 1Q07, total capital expenditures totaled $6.8 million, of which, $5.7 million was spent on test equipment, and $0.7 million on IC packaging equipment.

BUSINESS OUTLOOK

Our testing and packaging businesses appear to be recovering from the short downturn that began in the second half of 2006. As such, we expect to be able to grow our revenues quarter over quarter in the low double-digit range. We also expect to be able to increase gross margin levels with most of the expected business growth utilizing existing tester capacities. As such, we expect to be able to keep capital spending in the $10 - $15 million range. As a reminder, the company ratably accrued for stock bonus and undistributed earnings tax within its US GAAP reconciliation throughout 2006; during 2Q07, under ROC GAAP, we are required to take a charge in a single period for these items.

About ASE Test Limited

ASE Test Limited is one of the world's largest independent providers of semiconductor testing services. ASE Test Limited provides customers with a complete range of semiconductor testing services, including front-end engineering testing, wafer probing, final production testing of packaged semiconductors and other test-related services. ASE Test Limited has been quoted on Nasdaq since 1996 under the symbol "ASTSF".

Safe Harbor Notice

This press release contains "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, or the Exchange Act, including statements regarding our future results of operations and business prospects. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this annual report. The words "anticipate", "believe", "estimate", "expect", "intend", "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this annual report. Our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including risks associated with cyclicality and market conditions in the semiconductor industry; demand for the outsourced semiconductor testing and packaging services we offer and for such outsourced services generally; the highly competitive semiconductor industry; our ability to introduce new testing technologies in order to remain competitive; our ability to maintain a high capacity utilization rate relative to our fixed costs; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the ROC and the People's Republic of China, or the PRC; general economic and political conditions; possible disruptions in commercial activities caused by natural and human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our 2005 Annual Report on Form 20-F filed on June 19, 2006.

-- Tables to Follow - -

ASE Test Limited Consolidated Statements of Income (US$ thousands, except percentages and per share data) (unaudited) For the For the For the Three Three Three Months Months Months Ended Ended Ended Mar. 31, Dec. 31, Mar. 31, 2006 2006 2007 ROC GAAP: Net revenues 127,330 109,661 97,253 Cost of revenues 80,376 73,954 74,334 Gross profit 46,954 35,707 22,919 Operating expense R&D 5,138 5,284 5,102 SG&A 10,025 10,510 8,499 Subtotal 15,163 15,794 13,601 Operating income 31,791 19,913 9,318 Non-operating expense (income) Interest income (616) (968) (744) Interest expense 3,456 2,629 1,516 Investment income (2,919) (4,687) (4,386) Others 2,701 (3,859) (1,438) Subtotal 2,622 (6,885) (5,052) Income before tax 29,169 26,798 14,370 Income tax expense(benefit) 2,229 (6,403) 1,827 Net income (ROC GAAP) 26,940 33,201 12,543 Net income (US GAAP) 20,131 28,730 9,660 Diluted EPS (ROC GAAP) 0.27 0.33 0.12 Diluted EPS (US GAAP) 0.20 0.29 0.09 Margin Analysis: Gross margin 36.9% 32.6% 23.6% Operating margin 25.0% 18.2% 9.6% Net margin (ROC GAAP) 21.2% 30.3% 12.9% Net margin (US GAAP) 15.8% 26.2% 9.9% Additional Data: Testing revenues 106,433 87,934 73,418 IC packaging revenues 20,897 21,727 23,835 Shares outstanding (in thousands) 100,059 100,104 100,178 Shares used in diluted EPS calculation(ROC GAAP) (in thousands) 100,186 100,658 101,854 Shares used in diluted EPS calculation(US GAAP) (in thousands) 100,087 100,571 101,781 ASE Test Limited Consolidated Statements of Cash Flows (US$ thousands) (unaudited) For Year Ended For Year Ended Mar. 31, Mar. 31, 2006 2007 Cash Flows From Operating Activities Net income 26,940 12,543 Adjustments Depreciation and amortization 30,911 29,696 Provision (reversal) for doubtful accounts 642 (293) and sales discounts Loss on idle assets 13 1,010 Investment income under equity method (2,919) (4,386) Allowance for inventory obsolescence 2,699 128 Other 1,177 872 Changes in operating assets and liabilities (9,592) 8,900 Net Cash Provided by Operating Activities 49,871 48,470 Cash Flows From Investing Activities Acquisition of properties (12,640) (8,932) Proceeds from sale of properties 7,943 1,062 Increase in financial assets-current (22,936) (1,809) Decrease (Increase) in other assets (2,946) 976 Net Cash Used in Investing Activities (30,579) (8,703) Cash Flows From Financing Activities Proceeds from issuance of ordinary shares -- 848 Decrease in collection of accounts receivable sold -- (3,273) Decrease in Guarantee deposits -- (2,500) Increase in short-term borrowings 25,463 -- Repayments of long-term debts (63,793) (3,717) Net Cash Used in Financing Activities (38,330) (8,642) Effect of exchange rate changes on cash 2,513 (1,169) Net Increase (decrease) in Cash (16,525) 29,956 Cash, Beginning of Period 138,211 89,715 Cash, End of Period 121,686 119,671 Interest paid 747 1,504 Income tax paid 1,206 265 Cash paid for acquisitions of properties Purchase price 11,159 6,787 Decrease in payable 2,562 2,171 Increase in capital lease obligation (1,081) (26) 12,640 8,932 ASE Test Limited Consolidated Balance Sheet (US$ thousands) (unaudited) Dec. 31, 2006 Mar. 31, 2007 Cash 89,715 119,671 Financial assets - current 89,341 90,244 Accounts receivable, net 70,804 61,709 Inventories, net 16,935 15,508 Other 38,759 30,815 Total current assets 305,554 317,947 Financial assets - noncurrent 281,829 295,036 Fixed assets, net 389,435 363,452 Intangible assets 22,809 22,838 Other 44,801 49,872 Total assets 1,044,428 1,049,145 Accounts payable 13,521 14,722 Payable for fixed assets 8,769 6,355 Current portion of long-term debt 34,418 31,339 Other current liabilities 46,008 41,304 Total current liabilities 102,716 93,720 Long-term debt 85,706 84,576 Other liabilities 12,878 10,170 Total liabilities 201,300 188,466 Shareholders' equity 843,128 860,679 Total liabilities & shareholders' equity 1,044,428 1,049,145 Contact: Ken Hsiang, Chief Financial Officer Tel: +1-510-687-2475 Email: ken_hsiang@aseglobal.com

ASE Test Limited

CONTACT: Ken Hsiang, Chief Financial Officer of ASE, +1-510-687-2475, or
ken_hsiang@aseglobal.com

Fidelity National Information Services, Inc. Reports Strong First Quarter ResultsFirst Quarter Pro Forma Revenue Growth of 13.1%

JACKSONVILLE, Fla., April 25 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. , a leading global provider of technology services to financial institutions, today announced financial results for the first quarter of 2007. Consolidated revenue increased to $1.1 billion, net earnings increased to $59.5 million and net earnings per diluted share was $0.30.

FIS reported pro forma revenue growth of 13.1%, pro forma EBITDA growth of 14.1% and adjusted cash earnings per diluted share of $0.54. "We are very pleased with the outstanding first quarter performance," stated FIS Chairman William P. Foley, II. "Excellent sales results, combined with a strong emphasis on improving our cost base, drove 20% growth in cash earnings per share. These strong results position us solidly to achieve our full year 2007 objectives."

FIS' operating results are presented on a GAAP and on an adjusted pro forma basis, which management believes provides more meaningful comparisons between the periods presented. FIS' 2006 pro forma results reflect a January 1, 2006 effective date for the merger between FIS and Certegy. Additionally, the adjusted pro forma results exclude certain merger and acquisition and integration expenses, certain stock compensation charges and debt restructuring charges. Reconciliations between GAAP and pro forma results are provided in the attachments to this press release, which are posted on the company's website at http://www.fidelityinfoservices.com/.

GAAP 1st Quarter 1st Quarter 2007 2006 Total Revenue $1,124.0 million $900.9 million Net Earnings $ 59.5 million $ 39.4 million Net Earnings Per Diluted Share $0.30 $0.23 Adjusted Pro Forma (see Appendix A) 1st Quarter 1st Quarter % 2007 2006 Chg Total Revenue $1,124.0 million $993.9 million 13.1% EBITDA $ 279.0 million $244.6 million 14.1% Net Earnings $ 79.7 million $ 58.6 million 35.9% Net Earnings Per Diluted Share $0.41 $0.30 36.7% Cash Earnings $ 105.3 million $ 86.9 million 21.2% Cash Earnings Per Diluted Share $0.54 $0.45 20.0% Diluted Shares Outstanding 195.8 million 195.1 million

FIS presents its financial results in accordance with GAAP. However, in order to provide the investment community with a broader means of evaluating the operating performance of its operations, FIS also reports several non-GAAP measures, including earnings before interest, taxes, depreciation and amortization ("EBITDA"), net earnings plus depreciation and amortization less capital expenditures ("Free Cash Flow") and net earnings plus other tax- adjusted purchase price amortization ("Cash Earnings"). Any non-GAAP measures should be considered in context with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP net earnings. Reconciliations between GAAP and non-GAAP results and schedules showing historical detail are provided in the attachments to this press release.

Pro Forma Segment Information

FIS' Transaction Processing Services generated revenue of $680.5 million, or 14.9% over the prior-year period, driven by 58.4% growth in International, 8.6% growth in Enterprise Solutions and 5.1% growth in Integrated Financial Solutions. Increased market share, expansion within the existing client base and the Company's new item processing operation in Brazil contributed to the strong revenue growth. Transaction Processing Services' EBITDA increased 20.8% over the prior-year quarter to $160.7 million. The EBITDA margin was 23.6%, a 120 basis point improvement over the first quarter of 2006.

Lender Processing Services' revenue increased 10.0% to $440.4 million, driven by 16.7% growth in Information Services, which continues to benefit from strong results within the default solutions and appraisal product lines. A 6.1% increase in title and settlement services revenue also contributed to the strong revenue growth. Lender Processing Services' EBITDA was $138.6 million, or 3.3% above the prior year quarter. The EBITDA margin was 31.5% compared to 33.5% in the first quarter of 2006. The decline is primarily the result of strong growth in lower margin product lines, lower tax processing volumes and a decline in revenue from the Company's investment property exchange services. The first quarter 2007 EBITDA margin was comparable to the 31.7% margin reported for the fourth quarter of 2006.

Additional segment and pro forma information is provided in the following table. Certain prior year numbers have been adjusted to reflect subsequent reclassifications between business units:

Segment Revenues 1st Quarter 1st Quarter % (amounts in millions) 2007 2006 Chg Transaction Processing Services: Integrated Financial Solutions $ 283.7 $ 270.0 5.1% Enterprise Solutions 259.1 238.6 8.6% International 138.2 87.3 58.4% Other (0.5) (3.4) 83.9% $ 680.5 $ 592.5 14.9% Lender Processing Services: Mortgage Processing $ 94.1 $ 92.2 2.0% Information Outsourcing 346.3 296.8 16.7% Other -- 11.5 (100.0%) $ 440.4 $ 400.5 10.0% Corporate $ 3.1 $ 0.8 272.9% Total FIS $ 1,124.0 $ 993.8 13.1%

Corporate expense for the first quarter of 2007 totaled $20.3 million. The $2.4 million, or 10.6%, decline from pro forma corporate expense of $22.7 million in the prior year quarter was attributable to the consolidation of duplicate administrative functions and the incremental impact of the Company's leasing operation. These amounts were partially offset by a $4.7 million increase in stock option expense. The effective tax rate was 37.2%.

2007 Outlook

The Company reiterated its guidance for earnings per diluted share of $1.97 to $2.03, and cash earnings per diluted share of $2.47 to $2.53. Management expects 2007 pro forma revenue growth to approach the high end of its previously announced guidance of 7% to 9%, and pro forma EBITDA growth to approach the high end of its previously announced guidance of 10% to 12%.

FIS will host a call with investors and analysts to discuss first quarter results on Thursday, April 26, 2007, beginning at 8:30 a.m. Eastern time. Those wishing to participate via the webcast should access the call through FIS' Investor Relations website at http://www.fidelityinfoservices.com/. Those wishing to participate via the telephone may do so by calling 888-428-4473 (USA) or 612-332-0637 (International). The webcast replay will be available on FIS' Investor Relations website. The telephone replay will be available through May 3, 2007, by dialing 800-475-6701 (USA) or 320-365-3844 (International). The access code will be 869678.

About Fidelity National Information Services

Fidelity National Information Services, Inc. is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top 10. Approximately 50 percent of all U.S. residential mortgages are processed using FIS software. FIS is a member of Standard and Poor's (S&P) 500(R) Index and has been ranked the number one banking service provider in the world by American Banker and the research firm Financial Insights and the number two overall financial technology provider in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 7,800 financial institutions in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit http://www.fidelityinfoservices.com/.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; the effects of our substantial leverage, which may limit the funds available to make acquisitions and invest in our business; the risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in the banking, retail and financial services industries; failures to adapt our services to changes in technology or in the marketplace; adverse changes in the level of real estate activity, which would adversely affect certain of our businesses; our potential inability to find suitable acquisition candidates or difficulties in integrating acquisitions; significant competition that our operating subsidiaries face; and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission.

FIDELITY NATIONAL INFORMATION SERVICES, INC. AND SUBSIDIARIES AND AFFILIATES UNAUDITED CONSOLIDATED RESULTS FOR THE THREE MONTHS ENDING MARCH 31, 2007 AND 2006 (In thousands, except per share data) Three months ended March 31, 2007 2006 Processing and services revenues $1,124,066 $900,936 Cost of revenues 813,316 622,337 Selling, general, and administrative expenses 119,483 145,729 Research and development costs 27,109 28,060 Operating income 164,158 104,810 Other income (expense) Interest income 689 1,891 Interest expense (72,115) (43,268) Other income (expense) 668 (2,110) Total other income (expense) (70,758) (43,487) Earnings before income taxes, equity earnings and minority interest 93,400 61,323 Provision for income taxes 34,745 23,487 Equity in earnings of unconsolidated entities 936 1,833 Minority interest 88 311 Net earnings $59,503 $39,358 Net earnings per share-basic $0.31 $0.23 Weighted average shares outstanding- basic 191,898 169,989 Net earnings per share-diluted $0.30 $0.23 Weighted average shares outstanding- diluted 195,807 172,987 Appendix A -- Historical Detail and Reconciliation of Non-GAAP Measures NOTE: The Adjustments Column (2006 only) represents pro forma adjustments relating to the merger transaction between CEY and FIS as if the merger occurred January 1, 2006 EBITDA Detail 2007 Q1 FIS Net Earnings $59,503 + Interest Expense 72,115 + Minority Interest 88 + Income Taxes 34,745 + Depreciation/Amort 110,612 - Interest Income (689) - Equity in (Earnings) Losses of Unconsolidated Entities, net of tax (936) - Other (Income) Expense (668) EBITDA $274,770 EBITDA Detail 2006 Q1 FIS CEY-Jan ADJ Pro Forma Net Earnings $39,358 $(42,523) $(3,708) $(6,873) + Interest Expense 43,268 1,081 -- 44,349 + Minority Interest 311 -- -- 311 + Income Taxes 23,487 (26,396) (2,626) (5,535) + Depreciation/Amort 96,795 4,274 6,856 107,925 - Interest Income (1,891) -- -- (1,891) - Equity in (Earnings) Losses of Unconsolidated Entities, net of tax (1,833) -- (1,833) - Other (Income) Expense 2,110 123 2,233 EBITDA $201,605 $(63,441) $522 $138,686 EBITDA Margin 2007 Q1 FIS EBITDA $274,770 Revenue $1,124,066 EBITDA Margin 24.4% EBITDA Margin 2006 Q1 FIS CEY-Jan ADJ Pro Forma EBITDA $201,605 $(63,441) $522 $138,686 Revenue $900,936 $92,915 $-- $993,851 EBITDA Margin 22.4% -68.3% 14.0% EBIT Detail 2007 Q1 FIS Net Earnings $59,503 + Interest Expense 72,115 + Minority Interest 88 + Income Taxes 34,745 - Interest Income (689) - Equity in (Earnings) Losses of Unconsolidated Entities, net of tax (936) - Other (Income) Expense (668) EBIT $164,158 EBIT Detail 2006 Q1 FIS CEY-Jan ADJ Pro Forma Net Earnings $39,358 $(42,523) $(3,708) $(6,873) + Interest Expense 43,268 1,081 -- 44,349 + Minority Interest 311 -- -- 311 + Income Taxes 23,487 (26,396) (2,626) (5,535) - Interest Income (1,891) -- -- (1,891) - Equity in (Earnings) Losses of Unconsolidated Entities, net of tax (1,833) -- -- (1,833) - Other (Income) Expense 2,110 123 -- 2,233 EBIT $104,810 $(67,715) $(6,334) $30,761 EBIT Margin 2007 Q1 FIS EBIT $164,158 Revenue $1,124,066 EBIT Margin 14.6% EBIT Margin 2006 Q1 FIS CEY-Jan ADJ Pro Forma EBIT $104,810 $(67,715) $(6,334) $30,761 Revenue $900,936 $92,915 $-- $993,851 EBIT Margin 11.6% -72.9% 3.1% Adjusted Diluted EPS 2007 Q1 FIS Net Earnings $59,503 Adjusted diluted EPS $0.30 Diluted Shares Outstanding 195,807 Adjusted Diluted EPS 2006 Q1 FIS CEY-Jan ADJ Pro Forma Net Earnings $39,358 $(42,523) $(3,708) $(6,873) Adjusted diluted EPS $0.23 $(0.04) Diluted Shares Outstanding 172,987 195,111 Cash Earnings 2007 Q1 FIS Net Earnings $59,503 + Tax Adjusted Purchase Price Amortization 25,612 Cash Earnings $85,115 Diluted Cash EPS $0.43 Diluted Shares Outstanding 195,807 Cash Earnings 2006 Q1 FIS CEY-Jan ADJ Pro Forma Net Earnings $39,358 $(42,523) $(3,708) $(6,873) + Tax Adjusted Purchase Price Amortization 24,520 233 3,524 28,277 Cash Earnings $63,878 $(42,290) $(184) $21,404 Diluted Cash EPS $0.37 $0.11 Diluted Shares Outstanding 172,987 195,111 Free Cash Flow 2007 Q1 FIS Net Earnings $59,503 + Depreciation/Amort 110,612 - Capital Expenditures (70,116) Free Cash Flow $99,999 Free Cash Flow 2006 Q1 FIS CEY-Jan ADJ Pro Forma Net Earnings $39,358 $(42,523) $(3,708) $(6,873) + Depreciation/Amort 96,795 4,274 6,856 107,925 - Capital Expenditures (69,264) (5,200) -- (74,464) Free Cash Flow $66,889 $(43,449) $3,148 $26,588 2007 Q1 Financial Measures Excluding Non Recurring Items EBITDA $274,770 Merger and Acquisition, and Integration Costs 4,278 EBITDA, excluding non recurring items $279,048 Net Earnings 59,503 Merger and Acquisition, and Integration Costs, net of tax 3,116 Debt Restructure Charge, net of tax 17,059 Net Earnings, excluding non recurring items $79,678 Weighted Average Shares 195,807 Net Earnings per diluted share $0.30 Merger and Acquisition, and Integration Costs per share 0.02 Debt Restructure Charge per share 0.09 Net Earnings per diluted share, excluding non recurring items $0.41 Cash Earnings 85,115 Merger and Acquisition, and Integration Costs, net of tax 3,116 Debt Restructure Charge, net of tax 17,059 Cash Earnings, excluding non recurring items $105,290 Weighted Average Shares 195,807 Cash Earnings per diluted share $0.43 Merger and Acquisition, and Integration Costs per share 0.02 Debt Restructure Charge per share 0.09 Cash Earnings per diluted share, excluding non recurring items $0.54 Free Cash Flow $99,999 Merger and Acquisition, and Integration Costs, net of tax 2,432 Debt Restructure Charge, net of tax 17,059 Free Cash Flow, excluding non recurring items $119,490 2006 Q1 Pro Forma Financial Measures Excluding Non Recurring Items Pro Forma EBITDA $138,686 Merger and Acquisition, and Integration Costs 81,751 Performance Based Stock Option Costs 24,130 Pro Forma EBITDA, excluding non recurring items $244,567 Pro Forma Net Earnings (6,873) Merger and Acquisition, and Integration Costs, net of tax 50,609 Performance Based Stock Option Costs, net of tax 14,888 Pro Forma Net Earnings, excluding non recurring items $58,624 Weighted Average Shares 172,987 Adjustment as if transaction took place 1/1/2006 22,124 Pro Forma Weighted Average Shares 195,111 Pro Forma Net Earnings per diluted share $(0.04) Merger and Acquisition, and Integration Costs per share 0.26 Performance Based Stock Option Costs per share 0.08 Pro Forma Net Earnings per diluted share, excluding non recurring items $0.30 Pro Forma Cash Earnings 21,404 Merger and Acquisition, and Integration Costs, net of tax 50,609 Performance Based Stock Option Costs, net of tax 14,888 Pro Forma Cash Earnings, excluding non recurring items $86,901 Pro Forma Weighted Average Shares 195,111 Pro Forma Cash Earnings per diluted share $0.11 Merger and Acquisition, and Integration Costs per share 0.26 Performance Based Stock Option Costs per share 0.08 Pro Forma Cash Earnings per diluted share, excluding non recurring items $0.45 Pro Forma Free Cash Flow $26,588 Merger and Acquisition, and Integration Costs, net of tax 50,609 Performance Based Stock Option Costs, net of tax 14,888 Pro Forma Free Cash Flow, excluding non recurring items $92,085 Appendix B Unaudited Pro Forma Combined Statement of Continuing Operations for the Quarter Ended March 31, 2006 (In thousands, except per share data) Tax Adjusted Pro Purchase Forma Price Certegy- Adjust- Pro Amorti- Cash Jan FIS ments Note Forma zation Earnings Total revenue $92,915 $900,936 $993,851 Total cost of revenue 73,218 622,337 6,856 (1) 702,411 Gross profit (loss) 19,697 278,599 (6,856) 291,440 General and administrative 7,645 143,745 (522) (2) 150,868 Research and development costs -- 28,060 28,060 Merger and Acquisition costs 79,767 1,984 81,751 Income (loss) from operations (67,715) 104,810 (6,334) 30,761 Interest income (expense) and other (1,204) (43,487) -- (44,691) Income from continuing operations before tax and min. int (68,919) 61,323 (6,334) (13,930) Provision for income tax (26,396) 23,487 (2,626) (3) (5,535) Income from continuing operations (42,523) 37,836 (3,708) (8,395) Equity in earnings (loss) of unconsolidated entities, net -- 1,833 -- 1,833 Minority interests in earnings, net of tax -- (311) -- (311) Net income $(42,523) $39,358 $(3,708) $(6,873) $28,277 $21,404 Net income per share-basic $(0.68) $0.23 $(0.04) $0.11 Pro forma Weighted average shares-basic 62,326 169,989 191,809 191,809 Net income per share-diluted $(0.67) $0.23 $(0.04) $0.11 Pro forma Weighted average shares- diluted 63,796 172,987 195,111 195,111 Pro Forma Net Earnings $(6,873) Merger and Acquisition Costs, net of tax 50,609 Performance Based Stock Option Costs, net of tax 14,888 Pro Forma Net Earnings, excluding non recurring items $58,624 Appendix B Notes to Unaudited Pro Forma Combined Statements of Continuing Operations for the quarter ended March 31, 2006 These combined statements of continuing operations include the historical statements of continuing operations of Certegy and FIS as though the merger had occurred on January 1, 2006, adjusted for items related to the transaction as described below: (1) Reflects the increase in amortization expense as a result of allocating an assumed portion of the merger consideration to intangible assets of Certegy, namely customer relationship intangibles and acquired software, and amortizing such intangibles over their estimated useful lives as of the assumed acquisition date, offset by the amortization expense for such intangibles actually recorded by Certegy during the respective periods. Customer relationships are being amortized over 10 years on an accelerated method. Acquired computer software is being amortized over its estimated useful life of up to 10 years on an accelerated method. The acquired trademarks are considered to have indefinite useful lives and, therefore, are not reflected in these adjustments. (2) Under the merger agreement, all Certegy stock options and restricted stock and restricted stock units vested upon the closing of the merger. Accordingly, this adjustment reflects the elimination of historical stock compensation expense relating to the vesting of Certegy options in January 2006 (prior to merger), because such expense was reflected at the time of closing of the merger, partially offset by the option costs relating to options granted by FIS to certain employees of Certegy who remained with the merged entity. (3) Reflects the tax benefit relating to the pro forma adjustments for the quarter ended March 31, 2006. 2007 -- Quarter 1 Historical Transaction Lender Processing Processing Corporate Services Services and Other Total Processing and services revenue 680,545 440,389 3,132 1,124,066 Cost of revenues 530,051 283,265 -- 813,316 Gross profit 150,494 157,124 3,132 310,750 Selling, general and admin costs 43,039 46,956 29,488 119,483 Research development costs 17,518 9,591 -- 27,109 Operating income 89,937 100,577 (26,356) 164,158 Depreciation and amortization 70,768 33,756 6,088 110,612 EBITDA 160,705 134,333 (20,268) 274,770 EBITDA 160,705 134,333 (20,268) 274,770 Merger and Acquisition, and Integration costs -- 4,277 -- 4,277 EBITDA, excluding non- recurring items 160,705 138,610 (20,268) 279,047 2006 -- Quarter 1 Pro Forma Transaction Lender Processing Processing Corporate Services Services and Other Total Processing and services revenue 592,511 400,500 840 993,851 Cost of revenues 467,890 234,521 -- 702,411 Gross profit 124,621 165,979 840 291,440 Selling, general and admin costs 43,926 59,063 129,630 232,619 Research development costs 19,077 8,983 -- 28,060 Operating income 61,618 97,933 (128,790) 30,761 Depreciation and amortization 70,634 36,120 1,171 107,925 EBITDA 132,252 134,053 (127,619) 138,686 ProForma EBITDA 132,252 134,053 (127,619) 138,686 Merger and Acquisition costs 753 170 80,828 81,751 Acceleration of performance-based shares -- -- 24,130 24,130 ProForma EBITDA, excluding non-recurring items 133,005 134,223 (22,661) 244,567 2006 -- Quarter 1 Historical Transaction Lender Processing Processing Corporate Services Services and Other Total Processing and services revenue 501,548 400,500 (1,112) 900,936 Cost of revenues 387,816 234,521 -- 622,337 Gross profit 113,732 165,979 (1,112) 278,599 Selling, general and admin costs 39,516 59,063 47,150 145,729 Research development costs 19,077 8,983 -- 28,060 Operating income 55,139 97,933 (48,262) 104,810 Depreciation and amortization 59,594 36,120 1,081 96,795 EBITDA 114,733 134,053 (47,181) 201,605 FIS-e

Fidelity National Information Services, Inc.

CONTACT: Mary Waggoner, Senior Vice President, Investor Relations of
Fidelity National Information Services, Inc., +1-904-854-3282,
mary.waggoner@fnf.com

Web site: http://www.fidelityinfoservices.com/

Isilon Systems Announces Financial Results for 2007 First QuarterRevenue Increases 107% Year Over Year to $21.6 MillionStrong New Customer Acquisition and Strategic Long-Term Partner and Customer Agreements Underscore Leadership in Rapidly Growing Market for Clustered Storage

SEATTLE, April 25 /PRNewswire-FirstCall/ -- Isilon(R) Systems, Inc. , the leader in clustered storage, today reported financial results for the 2007 first quarter ended April 1, 2007. Revenue for the first quarter was $21.6 million, an increase of 107 percent from $10.4 million in the first quarter of 2006.

Recent announcements of strategic partner and customer agreements with a broad range of industry leading companies, including Schlumberger, NBC Universal, NASA, Second Life and XM Satellite Radio, reflect strong continued growth in Isilon's customer base, which increased 149 percent from 180 customers at the end of the first quarter of 2006 to 448 customers at the end of the first quarter of 2007. Underscoring its focus on maximizing the significant market opportunity created by the broad-scale shift to clustered storage, Isilon also today announced (see separate press release) that it has expanded its management team with storage industry executives with proven track records of scaling business and managing large, worldwide organizations.

"Our year over year growth in revenue and customers reflects the solid underlying fundamentals in Isilon's business," said Steve Goldman, president and chief executive officer. "Also, during the first quarter, Isilon made significant progress in laying the foundation for future growth by expanding its line of clustered storage systems and software, growing the company's worldwide channel business and continuing to garner industry awards and recognition for Isilon's product innovation and market leadership."

2007 Highlights * Isilon acquired 77 new customers in the first quarter of 2007, an increase of 133 percent over the 33 new customers in the first quarter of 2006 and representing the second best quarter of new customer growth in the company's history. * Isilon continued to leverage its customer base and unique modular "pay as you grow" clustered architecture, with reorders from existing customers accounting for more than half of total revenue, in line with historical trends. * Isilon expanded non-GAAP gross margins to 54.6 percent in the first quarter of 2007 up from 51.8 percent in the same period of 2006. * Isilon continued to leverage its global system of resellers and distributors, generating 59 percent of first quarter sales with its channel partners, compared with 44 percent a year ago and 51 percent in the 2006 fourth quarter. * Isilon expanded its suite of licensable software with the February launch of its fourth software application, MigrationIQ(TM), which enables automated data migration between multiple tiers of Isilon clustered storage. Isilon also introduced the latest version of its replication software, SyncIQ(TM) 2.0. * Isilon expanded its line of award-winning clustered storage systems with the launch of the Isilon IQ 200 in January, bringing the benefits of clustered storage to the widest range of businesses in an extremely compact and affordable solution that runs all of Isilon's software. * Isilon received numerous awards and recognition for its products and leadership in clustered storage, including Gartner Research naming Isilon as a "cool vendor" in its "Cool Vendors in Storage Systems" 2007 report, Isilon IQ clustered storage systems named "Best of FOSE 2007" by Government Computer News Editors for the Top Honor in Storage Category at the world's largest government information technology event, and receiving a "Broadcast Engineering Pick Hit Award" for innovative technology demonstrated at the National Association of Broadcasters 2007 show. Financial Summary

In addition to disclosing financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP), this press release and the accompanying tables contain non-GAAP financial measures. For a description of these non-GAAP financial measures, including the reasons why management uses each measure, the inherent limitations of non-GAAP measures and reconciliations to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled "Use of Non-GAAP Financial Measures" as well as the related table that follows it.

* Revenue for the first quarter of 2007 was $21.6 million, compared with $10.4 million in the same period of 2006. * Net loss for the first quarter of 2007 was $3.8 million, or $0.06 per share, based on 60.7 million shares outstanding. This compares with net loss of $4.5 million in the same period of 2006, or $0.79 per share, based on 5.7 million shares outstanding. On a non-GAAP basis, net loss for the first quarter of 2007 was $3.3 million, or $0.05 per share, based on 60.7 million shares outstanding. This compares with net loss of $4.3 million, or $0.09 per share, based on 47.5 million shares outstanding in the same period of 2006. * Loss from operations for the first quarter of 2007 was $4.9 million compared with $4.3 million in the same period of 2006. On a non-GAAP basis, loss from operations for the first quarter of 2007 was $4.4 million compared with $4.3 million in the same period of 2006. * At April 1, 2007, cash and cash equivalents were $99.4 million, compared with $99.9 million at the end of 2006, and the company had no outstanding debt. Outlook

Isilon expects total revenue for the second quarter of 2007 to be in the range of $24.5 million to $27.5 million. For the full year 2007, the company expects total revenue to be in the range of $115 million to $125 million, the same range provided in February. In 2007, the company expects operating expenses to continue to grow in absolute dollars as the company invests in its business, but to decrease as a percentage of total revenue if revenue expectations are met. If revenue and operating expense expectations are met, Isilon expects to reach breakeven and profitability on a non-GAAP basis in the second half of 2007.

Conference Call

Isilon management will host a conference call today at 2:00 p.m. PT (5:00 p.m. ET) to discuss Isilon's financial results for the 2007 first quarter and its business outlook. A live webcast of the conference call will be accessible on the Investor Relations section of Isilon's website at http://www.isilon.com/company/, where it will be archived for approximately 60 days.

A recording of the conference call will be available from approximately 5:00 p.m. PT (8:00 p.m. ET), April 25, 2007 to 9:00 p.m. PT (12:00 midnight ET), May 9, 2007. To listen to the recording, please dial 888-286-8010 (domestic) and 617-801-6888 (international); the passcode is 12339152.

About Isilon Systems

Isilon Systems is the worldwide leader in clustered storage systems and software for digital content, enabling enterprises to transform data into information -- and information into breakthroughs. Isilon's award-winning family of IQ clustered storage systems combines Isilon's OneFS(R) operating system software with the latest advances in industry-standard hardware to deliver modular, pay-as-you-grow, enterprise-class storage systems. Isilon's clustered storage solutions speed access to critical business information while dramatically reducing the cost and complexity of storing it. Information about Isilon can be found at http://www.isilon.com/ .

Safe Harbor Statement

Statements contained in this press release that are not historical fact may be 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. Such forward-looking statements may relate, among other things, to Isilon's position in the digital content storage market, our expected financial and operating results, our ability to build and grow Isilon, the benefits of our products and our ability to achieve our goals, plans and objectives. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from those anticipated. These include, but are not limited to: our dependence on continued growth in the market for storage of digital content, increased competition, difficulties providing solutions that meet the needs of customers, poor product sales, difficulties in establishing and maintaining successful relationships with our distribution partners, long sales cycles, shortages or price fluctuations in our supply chain, our ability to protect our intellectual property rights, difficulty managing rapid growth and general political, economic and market conditions and events. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our Annual Report on Form 10-K and other recent filings with the Securities and Exchange Commission, including those factors discussed under the caption "Risk Factors" in such filings.

Isilon Systems, Inc. Condensed Consolidated Statements of Operations (unaudited) Three Months Ended April 1, April 2, 2007 2006 (in thousands, except per share data) Revenue: Product $18,617 $9,012 Services 2,990 1,411 Total revenue 21,607 10,423 Cost of revenue: Product 8,329 4,350 Services (1) 1,508 676 Total cost of revenue 9,837 5,026 Gross profit 11,770 5,397 Operating expenses: Research and development (1) 4,674 3,560 Sales and marketing (1) 9,271 4,816 General and administrative (1) 2,700 1,293 Total operating expenses 16,645 9,669 Loss from operations (4,875) (4,272) Other income (expense), net Interest income and other 1,164 44 Interest expense -- (111) Warrant revaluation expense -- (179) Total other income (expense), net 1,164 (246) Loss before income tax expense (3,711) (4,518) Income tax expense (39) -- Net loss $(3,750) $(4,518) Net loss per common share, basic and diluted $(0.06) $(0.79) Shares used in computing basic and diluted net loss per common share 60,733 5,709 (1) Includes stock-based compensation as follows: Cost of revenue $19 $1 Research and development 99 5 Sales and marketing 152 4 General and administrative 188 4 Total stock-based compensation $458 $14 Isilon Systems, Inc. Condensed Consolidated Balance Sheets (unaudited) As of April 1, December 31, 2007 2006 (in thousands) ASSETS Current assets: Cash and cash equivalents $99,438 $99,899 Trade receivables, net of allowances of $740 and $501, respectively 25,207 24,388 Inventories 4,628 3,587 Other current assets 3,247 1,939 Total current assets 132,520 129,813 Property and equipment, net 9,296 7,158 Total assets $141,816 $136,971 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $12,596 $6,777 Accrued liabilities 2,721 2,869 Accrued compensation and related benefits 3,604 3,463 Deferred revenue and customer deposits 8,167 7,611 Total current liabilities 27,088 20,720 Deferred revenue, net of current portion 3,913 3,308 Deferred rent, net of current portion 3,331 2,186 Total liabilities 34,332 26,214 Stockholders' equity: Common stock 1 1 Additional paid-in capital 186,419 185,947 Accumulated other comprehensive loss (78) (83) Accumulated deficit (78,858) (75,108) Total stockholders' equity 107,484 110,757 Total liabilities and stockholders' equity $141,816 $136,971 Isilon Systems, Inc. Condensed Consolidated Statements of Cash Flows (unaudited) Three Months Ended April 1, April 2, 2007 2006 (in thousands) Cash flows from operating activities Net loss $(3,750) $(4,518) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 1,181 861 Non-cash interest expense -- 18 Stock-based compensation expense 458 15 Warrant revaluation expense -- 178 Changes in operating assets and liabilities: Accounts receivable, net (707) (2,705) Inventories (1,041) (1,651) Other current assets (1,225) (61) Accounts payable 5,469 2,395 Accrued liabilities, compensation payable and deferred rent (57) 618 Deferred revenue and customer deposits 1,011 942 Net cash provided by (used in) operating activities 1,339 (3,908) Cash flows from investing activities Purchases of property and equipment (1,214) (1,646) Purchases of marketable securities -- (202) Sales of marketable securities -- 1,808 Net cash used in investing activities (1,214) (40) Cash flows from financing activities Proceeds from issuance of common stock 17 167 Proceeds from notes payable -- 11,000 Payments of initial public offering costs (600) -- Payments of notes payable and capital lease obligations -- (5,555) Net cash (used in) provided by financing activities (583) 5,612 Effect of exchange rate changes on cash and cash equivalents (3) (1) Net (decrease) increase in cash and cash equivalents (461) 1,663 Cash and cash equivalents at beginning of period 99,899 10,853 Cash and cash equivalents at end of period $99,438 $12,516 Use of Non-GAAP Financial Measures

Isilon provides non-GAAP information to enhance investors' overall understanding of the company's current financial performance and the company's prospects for the future and to aid in comparing current operating results with those of past periods. The company believes the non-GAAP measures provide useful information to management and investors by excluding certain items that may not be indicative of Isilon's core operating results and business outlook.

This press release includes non-GAAP loss from operations, non-GAAP net loss, and non-GAAP loss per share. Non-GAAP loss from operations excludes charges related to stock-based compensation. Isilon excludes stock-based compensation expenses from its non-GAAP measures primarily because they are non-cash expenses that Isilon does not believe reflect core operating results. Stock-based compensation expense is dependent on a number of factors over which management has limited control and is not a factor management utilizes in operating the business. Isilon excludes warrant revaluation expenses from its non-GAAP measures because they are non-recurring, non-cash expenses that Isilon does not believe are reflective of core operating results. Upon the closing of Isilon's initial public offering, outstanding warrants were no longer subject to revaluation and their fair value was permanently reclassified to stockholders' equity. Isilon includes the effect of the conversion of convertible preferred shares into common shares as of the later of the beginning of the period or the date of issuance in non-GAAP basic and diluted weighted average shares outstanding used to calculate non-GAAP net loss per share. Isilon believes giving effect to the preferred stock conversion assists investors and management in assessing period over period results. The company's preferred shares were converted into common shares as of December 20, 2006, the closing day of its initial public offering.

These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Isilon believes that non-GAAP measures have inherent limitations in that they do not reflect all of the amounts associated with Isilon's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Isilon's results of operations in conjunction with the corresponding GAAP measures.

The table that follows provides a reconciliation of the most directly comparable GAAP measures to the non-GAAP measures used by management.

Isilon Systems, Inc. Reconciliation of GAAP to non-GAAP results (in thousands, except percentages and per share data) Operating Expenses ______________________________________ General Gross Research Sales and margin and and adminis- % development marketing trative Total Quarter Ended April 1, 2007 GAAP 54.5% $4,674 $9,271 $2,700 $16,645 Adjustments: Stock-based compensation 0.1% (99) (152) (188) (439) Non-GAAP 54.6% $4,575 $9,119 $2,512 $16,206 April 2, 2006 GAAP 51.8% $3,560 $4,816 $1,293 $9,669 Adjustments: Stock-based compensation -- (5) (4) (4) (13) Warrant revaluation expense -- -- -- -- -- Incremented weighted-average shares(1) Non-GAAP 51.8% $3,555 $4,812 $1,289 $9,656 Shares used Net in computing loss per basic and common Loss diluted share, from Net net loss per basic and operations loss common share diluted Quarter Ended April 1, 2007 GAAP $(4,875) $(3,750) 60,733 $(0.06) Adjustments: Stock-based compensation 458 458 Non-GAAP $(4,417) $(3,292) 60,733 $(0.05) April 2, 2006 GAAP $(4,272) $(4,518) 5,709 $(0.79) Adjustments: Stock-based compensation 14 14 Warrant revaluation expense -- 179 Incremented weighted-average shares(1) 41,789 Non-GAAP $(4,258) $(4,325) 47,498 $(0.09) (1) Equals the effect of the conversion of convertible preferred shares to common shares as of the later of their issuance or the beginning of the applicable period. The Company's preferred shares were converted into common shares as of December 20, 2006, the closing day of its initial public offering.

Isilon Systems, Inc.

CONTACT: Investors, Rosemary Moothart, Director of Investor Relations,
+1-206-315-7509, rosemary.moothart@isilon.com, or Press, Lucas Welch, Public
Relations Specialist, +1-206-315-7621, lucas.welch@isilon.com, both of Isilon
Systems

Web site: http://www.isilon.com/

Sentex Sensing Technology, Inc. Signs Binding MoU to Acquire ICOM Holdings Ltd. to Broaden and Support European Businesses of Sentex

CLEVELAND, April 25 /PRNewswire-FirstCall/ -- Sentex Sensing Technology, Inc. (BULLETIN BOARD: SNTX.OB) (http://www.sentextech.com/). Henrik Rubinstein, President signed a binding Memorandum of Understanding to acquire ICOM Holdings Ltd. to support the future sale of biometrics driven Sentex products in the European Union.

ICOM, which provides technology services with active businesses, and with revenue approximating $8 million in 2006 (and projections for $10-$12 million in 2007/08) decided in a firm commitment to bundle activities with Sentex. ICOM will be the new European HQ and Service Center for the Sentex product line. The agreement states, based on the huge security needs of these countries as well as the upcoming service needs for (soon to be delivered biometric phones and communications), a tremendous business exists for growth in the European market.

The agreement calls for the issuance of new shares for 100% ownership of ICOM by Sentex via a registration statement. This acquisition, with the strong security market for Sentex products, will greatly enhance the marketing efforts of Sentex within the European Community. Further details are forthcoming.

ABOUT Sentex Sensing Technology, Inc.

Sentex Sensing Technology, Inc. is a multi-biometric technology company. Sentex provides fingerprint, facial and voice biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs. The Company's offerings include access control, Computer based Internet authentification, Biometric Smart Cards and services for biometric data capture, mobile POS systems, and backend standards-based modules and software components for biometric matching and data mining.

ABOUT Balmoral Financial Services Companies

In operation since 1986, Balmoral (http://www.balmoralfinancial.com/), an Ohio corporation, is a niche financial services company that specializes in identifying merger candidates and placing these transactions with American companies.

ABOUT Balmoral Capital Holding Companies

Professionals with significant transaction and industry expertise. A full spectrum of investment banking services including overseas IPO's, Follow- ons/Registered Directs, PIPEs, M&A Advisory and Debt Capital Markets in Europe and Asia. An exceptional client focus that is characterized by long term relationships and a history of advising. BCHI uses our main office in the British Virgin Islands to raise all capital. BCHI was formerly Zephyr Communication and was incorporated in 2005 (http://www.balmoralcompanies.com)(/rkincai2@columbus.rr.com).

ABOUT ICOM

Founded in 1990, ICOM provides various technology based solutions -- which include: Converged Voice & Data Business Solutions (VoIP), Business telephone systems, voice and data Structured cabling, electrical, GPS, assisted technologies and more -- to businesses throughout the United Kingdom. The five companies employ over 30 persons, 100 sub contractors and have 1,000 clients in the UK. ICOM is involved in maintenance & support, managed services, GSM gateway solutions, SMS delivery, network services, office refurbishment and project management. For more info on BCHI contact General Director Rodney Kincaid (rkincai2@columbus.rr.com) and for services (http://www.icomtel.com/).

Sentex Sensing Technology, Inc.

CONTACT: Marketing - Maryann Kusa of Sentex Sensing Technology, Inc.,
+1-216-687-0289, ext. 125, +1-216-687-0298, fax, mak@sentextech.com

Web site: http://www.sentextech.com/
http://www.balmoralfinancial.com/
http://www.balmoralcompanies.com/
http://www.icomtel.com/

Socket Mobile Reports 2007 First Quarter Financial Results

NEWARK, Calif., April 25 /PRNewswire-FirstCall/ -- Socket Communications, Inc. , dba Socket Mobile, Inc., an innovative provider of mobile productivity products, today reported financial results for the 2007 first quarter ended March 31, 2007.

Revenue for the first quarter of 2007 was $5.5 million, compared to revenue of $6.8 million for the same quarter a year ago and $5.4 million in the immediately preceding quarter. Net loss applicable to common stockholders for the first quarter was $1.3 million, or a loss of $0.04 per share, compared to a net loss applicable to common stockholders of $380,000, or a loss of $0.01 per share, in the first quarter of 2006 and a net loss of $1.3 million, or a loss of $0.04 per share, in the immediately preceding quarter. The portion of the net loss attributable to stock option expensing in the first quarter of 2007 was $282,000, or $0.01 per share, compared to $326,000, or $0.01 per share, in the first quarter of 2006 and $281,000, or $0.01 per share, in the immediately preceding quarter.

Cash and cash equivalents were approximately $5.2 million at March 31, 2007, compared to $7.5 million at March 31, 2006 and $6.1 million at December 31, 2006.

Kevin Mills, president and chief executive officer, commented, "Underneath our first quarter's lackluster results, we are making solid progress in our strategic transition from a peripherals supplier to a systems company addressing the business mobility market. To this end, development of our recently announced SoMo(TM) 650 handheld mobile computer is proceeding as planned. We're delivering evaluation units to high-profile and volume customers and expect to begin shipping production units in the second quarter. In addition, we've strengthened our sales organization with the addition of Intermec veteran Bob Zink as Senior VP of Worldwide Sales and Marketing. Contributing to the modest improvement in revenue in the first quarter from the December quarter was the strong growth and record sales in our data collection business. Consequently, we are excited about the opportunities ahead and our prospects for the second half of the year and beyond as we move to become a one-stop systems company."

Conference Call

Management of Socket will hold a conference call and web cast today at 2 P.M. PDT to discuss the quarterly results and outlook for the future. The dial-in number to access the call is (877) 407-8033 from within the U.S. or (201) 689-8033 from international locations. A replay will be available via telephone for a week following the call at (877) 660-6853 from within the U.S., or (201) 612-7415 from international locations. Access code for the replay is 286# followed by conference ID 233827#. The call will also be carried live and available via replay through a link on Socket's website at http://www.socketmobile.com/ and a transcript will be posted within a few days of the call.

About Socket Mobile

Socket Mobile is a mobile computing hardware systems company. Its handheld mobile computer and large portfolio of essential, mobile-data collection and connectivity peripherals make the company a one-stop supplier of systems designed to increase mobile information accuracy and worker productivity. Founded in 1992, Socket is leveraging its years of experience and expertise in the mobile computing market to deliver an easy-to-deploy mobility system. The company partners with application developers and value added resellers to bring a complete solution to the small-to-medium business market. Socket also offers OEM solutions and software development programs based on proprietary technology. Socket Mobile is headquartered in Newark, Calif. and can be reached at (510) 933-3000 or http://www.socketmobile.com/.

Socket is a registered trademark of Socket Communications, Inc., dba Socket Mobile, Inc. All other trademarks and trade names contained herein may be those of their respective owners. (C) 2007, Socket Communications, Inc., dba Socket Mobile, Inc. All rights reserved.

Forward Looking Statements

This press release contains 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. Such forward looking statements include, but are not limited to, statements with respect to the introduction, volume shipment, distribution, timing and market acceptance of our new handheld mobile computer product, and statements predicting trends, sales and market opportunities in the markets in which we sell our products. Such statements involve risks and uncertainties, and actual results could differ materially from the results anticipated in such forward looking statements as a result of a number of factors, including, but not limited to, the risk that the introduction or volume shipment of our new product may be delayed or not happen as predicted, if ever, due to technological, market, or financial factors, including the availability of necessary working capital, the risk that market acceptance and sales opportunities may not happen as anticipated once the product has been introduced into the market, the risk that our integrator program and current distribution channels may not choose to distribute the new product or may not be successful in doing so, the risk that acceptance of our new product in vertical application markets may not happen as anticipated and the risk that evidence of strength in the mobile computing market may not be indicative of a trend, and other risks described in our most recent Form 10-K and 10-Q reports filed with the Securities and Exchange Commission.

--Financial tables to follow-- Socket Communications, Inc. Summary Consolidated Statements of Operations (Unaudited) (Amounts in Thousands except per share amounts) Three months ended March 31, 2007 2006 Revenue $5,548 $6,759 Cost of revenue 2,763 3,385 Gross profit 2,785 3,374 Gross profit percent 50% 50% Research & development 1,427 1,137 Sales & marketing 1,759 1,762 General & administrative 857 842 Amortization of intangibles 34 36 Total operating expenses 4,077 3,777 Interest (income) expense, net (34) (34) Deferred income tax expense 8 -- Net (loss) income (1,266) (369) Preferred stock dividends -- (11) Net (loss) income applicable to common stockholders $(1,266) $(380) Net income (loss) applicable to common stockholders per share: Basic and diluted $(0.04) $(0.01) Weighted average shares outstanding: Basic and diluted 31,872 30,395 Socket Communications, Inc. Condensed Consolidated Summary Balance Sheets (Amounts in Thousands) March, 31, 2007 December 31, 2006* (Unaudited) Cash $5,182 $6,104 Accounts receivable 3,280 2,699 Inventories 2,696 2,350 Other current assets 174 193 Property and equipment, net 1,121 742 Goodwill 9,798 9,798 Intangible technology 575 609 Other assets 284 292 Total assets $23,110 $22,787 Accounts payable and accrued liabilities $4,336 $3,192 Bank line of credit 2,285 2,213 Deferred income on shipments to distributors 1,462 1,473 Capital leases/other non-current liabilities 234 158 Common stock 52,871 52,563 Accumulated deficit (38,078) (36,812) Total liabilities and equity $23,110 $22,787 *Derived from audited financial statements.

Socket Communications, Inc.

CONTACT: Carol Montalvo, Sr. Marketing Communications Mgr.,
+1-510-933-3051, carol@socketmobile.com, or Investor Relations, David Dunlap,
Chief Financial Officer, +1-510-933-3035, dave@socketmobile.com, both of
Socket Communications, Inc.; or Editorial, Ed Schauweker of Ketchum,
+1-703-963-5238, ed.schauweker@ketchum.com, for Socket Communications, Inc.;
or Todd Kehrli or Jim Byers, both of MKR Group, Inc., +1-323-468-2300,
sckt@mkr-group.com, for Socket Communications, Inc.

Web site: http://www.socketmobile.com/

Cimetrix and ISMI Prototype Additional Capabilities for SEMI StandardsCooperative Relationship Continues to Benefit Semiconductor Community

SALT LAKE CITY, April 25 /PRNewswire-FirstCall/ -- Cimetrix, Inc. a leading provider of factory automation software and solutions for the global semiconductor and electronics industries, reaffirmed its commitment to the semiconductor standards process by working with International SEMATECH Manufacturing Initiative (ISMI) to deliver two prototypes for potential changes to the Equipment Data Acquisition (EDA) standards also known as Interface A.

Interface A is an industry connectivity standard that allows chipmakers to obtain on-demand, high quality data from manufacturing processes. The industry approved the standards in late 2004.

Cimetrix, under contract to ISMI, developed two prototypes for potential new capabilities to facilitate more efficient data transmission in Interface A communications. These potential features and their prototypes were discussed at the recent Semiconductor Equipment and Materials International (SEMI) Standards North America Information and Control Committee meetings.

The first added capability, an Enhanced Establish Session feature for Interface A Standard E132, was balloted, voted, reviewed, and approved by the committee at the March meeting. This feature will enable Interface A client applications to receive specific functionalities, instead of all functionalities available, consequently reducing client software complexity and network traffic. This potential change also paves the way for simpler adoption of the new Recipe Management standard (E139) using XML technologies.

The second capability is a Discovery Service which reduces the amount of information about the production equipment that a client application must know before establishing a session with the equipment. Leading equipment suppliers, Integrated Device Manufacturers (IDMs), ISMI and third party technology suppliers engaged in discussions regarding the benefits of the proposed Discovery Service at last week's committee meeting, and decided to continue their investigation into the proposed feature with committee members until the next meeting, which convenes in July, 2007.

Cimetrix has based the development of their award-winning EDA software product, CIMPortal(TM) around partnerships that incorporate input from industry consortiums such as ISMI and SEMI, as well as feedback from users that include equipment suppliers and IC makers. "Using this model, Cimetrix has developed a proven track record of providing robust software products and professional services solutions which answer the needs of the industry as they are discovered," said Dave Faulkner, vice president for Cimetrix. "ISMI in conjunction with SEMI has played a key role in managing the adoption of the Interface A standards to the benefit of the industry and their member companies. By prototyping potential standards changes before the balloting process, the industry has a much better understanding of the impact and implementation details of the potential change. In this case, one was accepted and the other needs some more work -- a positive outcome. We are happy with the high level of interest and with the feedback on the proposed implementations."

Cimetrix has partnered with ISMI in the past with projects that include the Equipment Client Connection Emulator, a SEMI Interface A reference client.

About Cimetrix Incorporated

Cimetrix designs, develops, markets and supports factory automation software for the global semiconductor and electronics industries. Cimetrix's connectivity software allows equipment manufacturers to quickly implement the SECS/GEM standards, with over 10,000 connections shipped worldwide. It also provides solutions to meet the 300mm SEMI communications standards, with OEM customer installations in all major 300mm fabs, and products designed for the new Interface A standards. Cimetrix's PC-based motion control software is used by leading equipment manufacturers for demanding robotic applications. Cimetrix provides total solutions for its customers with engineering services and passionate technical support. Major products include CIMConnect(TM), CIM300(TM), CIMPortal and CODE(TM) (Cimetrix Open Development Environment). For more information, please visit http://www.cimetrix.com/.

Safe Harbor Statement

The matters discussed in this news release include 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. The statements made are based on current expectations and involve risks and uncertainties that may adversely affect expected results. Implementation of the two prototypes for potential new capabilities to facilitate more efficient data transmission in Interface A communications will require the finalization of the design features, integration with existing software, beta testing and, in the case of the Discovery Service, future approval by the SEMI Standards North America Information and Control Committee. Any potential benefit to the Company will depend on the costs involved, the acceptance of these potential features by the market, and the ability of the Company to increase the price of its products based on the new features or to increase the volume of sales of its products based on the new features. The future impact on the Company is also subject to other risks discussed more fully in filings by the Company with the Securities and Exchange Commission. Many of these factors are beyond the control of the Company. Reference is made to the Company's most recent filing on Form 10-K, which further details such risk factors.

Cimetrix, Inc.

CONTACT: Company Contact: Dave Faulkner, Cimetrix, Incorporated, Phone:
(801) 256-6500, Fax: (801) 256-6510, dave.faulkner@cimetrix.com; or Media &
Analysts Contact: Stew Chalmers, Positio Public Relations,
Phone: (408) 453-2400, Fax: (408) 453-2404, stew@positio.com

Web site: http://www.cimetrix.com/

Micrel Reports First Quarter 2007 Financial Results* First quarter revenues of $63.1 million, down 2% sequentially and 7% year-over-year* First quarter gross margin increases to 58.1% from 57.3% in the previous quarter* First quarter net income per diluted share of $0.23, compared with $0.11 in fourth quarter and $0.10 in first quarter 2006

SAN JOSE, Calif., April 25 /PRNewswire-FirstCall/ -- Micrel, Incorporated , an industry leader in analog, high bandwidth communications and Ethernet IC solutions, today announced financial results for the first quarter ending March 31, 2007.

Revenues for the first quarter were $63.1 million, a decrease of 2% from fourth quarter of 2006 revenues of $64.5 million and 7% lower than revenues of $68.1 million recorded in the year-ago period. First quarter net income was $17.9 million, or $0.23 per diluted share compared with net income of $8.8 million, or $0.11 per diluted share in the fourth quarter of 2006 and $8.7 million, or $0.10 per diluted share in the year ago period. Included in first quarter net income is a one-time $15.5 million pre-tax gain associated with a legal settlement, which after income taxes, is equivalent to $0.13 per diluted share.

Order rates increased on a sequential basis in the first quarter. The improvement in bookings was driven by higher order levels from customers serving the high speed communications, wireless handset and industrial end markets. In addition, bookings increased across all geographic areas, resulting in a book-to-bill ratio greater than one.

"We are encouraged by the improvement in demand we experienced in the first quarter," stated Ray Zinn, president and CEO of Micrel. "Although customers continued to closely monitor and control their inventories during the period, the order rates the Company experienced suggest that customer and channel inventories have fallen to levels consistent with current end demand. While the improvement in demand did not prevent a sequential decline in revenues, we are pleased that Micrel's first quarter gross margin increased on a sequential basis. This gross margin improvement was accomplished while reducing our inventory levels. Importantly, cash flows continued to be strongly positive and we released an exciting group of new products during the quarter."

As announced yesterday, Micrel's board of directors has authorized the commencement of a quarterly dividend payment. The initial dividend payment of $0.03 per share of common stock will paid on May 30, 2007 to shareholders of record as of May 8, 2007.

Outlook

Order lead times for the Company's products remain fairly stable at four to six weeks, but a relatively high proportion of quarterly revenue must still be booked and shipped within the quarter to OEM customers, or resold through the Company's distributors. Based upon current backlog levels and demand estimates, the Company projects second quarter 2007 revenues will increase sequentially by 2% to 6%, and earnings per diluted share will be in a range of $0.10 to $0.12.

Conference Call

The Company will host a conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) on April 25, 2007. Chief Executive Officer Raymond Zinn and Chief Financial Officer Richard Crowley will present an overview of first quarter financial results, discuss current business conditions and then respond to questions.

The call is available, live, to any interested party on a listen only basis by dialing (866) 249-5225. For international callers, please dial (303) 262-2125. Interested callers should dial-in at least five minutes before the scheduled start time and ask to be connected to the Micrel, Incorporated Conference Call. A live webcast will also be available through http://www.vcall.com/. An audio replay of the conference call will be available through May 2, 2007, by dialing (303) 590-3000 or (800) 405-2236 and entering access code number 11088231. The webcast replay will also be available on the Company's website at: http://www.micrel.com/.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release includes statements that qualify as forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about the following topics: our expectations regarding future financial results, including revenues, net income, earnings per share, order lead times, customer demand, customer and supply chain inventory levels and the nature of macro-economic and industry trends. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially. Those risks and uncertainties include, but are not limited to, such factors as: softness in demand for our products; customer decisions to cancel, reschedule, or delay orders for our products; the effect that lead times and channel inventories have on the demand for our products; economic or financial difficulties experienced by our customers; the effect of business conditions in the computer, telecommunications and industrial markets; the impact of any previous or future acquisitions; changes in demand for networking or high bandwidth communications products; the impact of competitive products and pricing and alternative technological advances; the accuracy of estimates used to prepare the Company's financial statements; the global economic situation; the ability of the Company's vendors and subcontractors to supply or manufacture the Company's products in a timely manner; the timely and successful development and market acceptance of new products and upgrades to existing products; softness in the economy and the U.S. stock markets as a whole; fluctuations in the market price of Micrel's common stock and other market conditions; the difficulty of predicting our future cash needs; the nature of other investment opportunities available to the Company from time to time; and Micrel's operating cash flow. For further discussion of these risks and uncertainties, we refer you to the documents the Company files with the SEC from time to time, including the Company's Annual Report on Form 10-K for the year ended December 31, 2006. All forward-looking statements are made as of today, and the Company disclaims any duty to update such statements.

About Micrel

Micrel Inc., is a leading global manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. The Company's products include advanced mixed-signal, analog and power semiconductors; high performance communication, clock management, Ethernet switch and physical layer transceiver ICs. Company customers include leading manufacturers of enterprise, consumer, industrial, mobile, telecommunications, automotive, and computer products. Corporation headquarters and state-of-the-art wafer fabrication facilities are located in San Jose, CA, with regional sales and support offices and advanced technology design centers situated throughout the Americas, Europe and Asia. In addition, the Company maintains an extensive network of distributors and sales representatives worldwide.

For further information, contact Richard Crowley at: Micrel, Incorporated, 2180 Fortune Drive, San Jose, California, 95131, (408) 944-0800; or visit our website at: http://www.micrel.com/.

MICREL, INCORPORATED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited) Three Months Ended March 31, December 31, March 31, 2007 2006 2006 Net revenues $63,113 $64,482 $68,151 Cost of revenues(1) 26,426 27,555 28,257 Gross profit 36,687 36,927 39,894 Operating expenses: Research and development(1) 13,252 12,813 13,038 Selling, general and administrative(1) 12,137 11,485 13,411 Other operating expense (income) -- 53 -- Restructuring expense 44 168 -- Total operating expenses 25,433 24,519 26,449 Income from operations 11,254 12,408 13,445 Other income (expense): Interest Income 1,501 1,426 1,411 Interest Expense (152) (146) (163) Other income 15,514 8 4 Total other income (expense) 16,863 1,288 1,252 Income before income taxes 28,117 13,696 14,697 Provision for income taxes 10,249 4,883 5,996 Net income $17,868 $8,813 $8,701 Net income per share: Basic $0.23 $0.11 $0.10 Diluted $0.23 $0.11 $0.10 Shares used in computing per share amounts: Basic 77,738 78,372 84,025 Diluted 78,750 79,476 85,794 (1) Includes amortization of stock-based compensation as follows: Cost of revenues $302 $353 $182 Research and development 479 497 1,065 Selling, general and administrative 489 591 1,109 MICREL, INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) March 31, December 31, 2007 2006 ASSETS CURRENT ASSETS: Cash, cash equivalents, restricted cash and short-term investments $129,832 $109,938 Accounts receivable, net 33,781 31,092 Inventories 36,200 37,183 Deferred income taxes 24,127 23,096 Other current assets 2,616 3,084 Total current assets 226,556 204,393 PROPERTY, PLANT AND EQUIPMENT, NET 77,795 78,665 INTANGIBLE ASSETS, NET 4,301 4,714 DEFERRED INCOME TAXES(1) 8,091 11,158 OTHER ASSETS 1,351 1,343 TOTAL $318,094 $300,273 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $15,645 $17,429 Taxes payable(1) 4,768 -- Deferred income on shipments to distributors 23,257 21,705 Other current liabilities 20,671 22,564 Current portion of long-term debt 41 80 Total current liabilities 64,382 61,778 LONG-TERM TAXES PAYABLE(1) 2,132 -- OTHER LONG-TERM OBLIGATIONS 450 453 SHAREHOLDERS' EQUITY: Common stock 10,804 15,585 Deferred stock compensation -- -- Accumulated other comprehensive loss (34) (35) Retained earnings 240,360 222,492 TOTAL SHAREHOLDERS' EQUITY 251,130 238,042 TOTAL $318,094 $300,273 (1) On January 1, 2007, Micrel adopted FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes ("FIN 48"). Implementation of FIN 48 resulted in a $2.1 million reclassification from current taxes payable to long-term taxes payable and an additional $2.5 million was reclassified from current taxes payable to reduce long term deferred tax assets.

Micrel, Incorporated

CONTACT: Richard Crowley of Micrel, Incorporated, +1-408-944-0800

Web site: http://www.micrel.com/

Range Resources Picks SYSTIMAX(R) Solutions for Cabling in Fort Worth's Tandy BuildingFirst Company to Move Back Into Iconic Tandy Complex Chooses GigaSPEED XL to Support VoIP and High-bandwidth Applications

RICHARDSON, Texas, April 25 /PRNewswire-FirstCall/ -- SYSTIMAX Solutions(TM) from CommScope , the worldwide leader in structured connectivity solutions, has contributed to a cultural landmark with the recent completion of its installation for Fort Worth, Texas-based Range Resources Corporation. KRK Technologies, a SYSTIMAX Business Partner, designed and installed the SYSTIMAX(R) GigaSPEED(R) XL copper solution that will provide Range Resources' new offices in Fort Worth's City Place (formerly the Tandy Center), with the power and speed it needs to support VoIP, large file transfers and bandwidth-intensive applications.

After RadioShack Corporation moved out of Fort Worth's Tandy Center, the historic towers, originally built in 1976 and 1978, lay dormant for almost two years. Today, the building's cores have been dismantled in order to modernize the interiors of the buildings and they have been redeveloped as City Place -- a mixed-use complex with residential, commercial and office space. In April, Range Resources, an independent oil and gas company, plans to become the first tenant in the commercial tower and will use SYSTIMAX Solutions cabling to support Voice over IP and high-bandwidth engineering programs.

"When we outgrew our existing offices and made the decision to move into City Place, we knew that we were going to need VoIP in the new offices," Joe Hale, IT Director for Range Resources, said. "But our existing solution just wasn't going to support it. We knew we needed not just an end-to-end solution, but one that we could rely on for the next five to 10 years. We looked at several products and at four other contractors, but after KRK took us on the tour of SYSTIMAX's lab, and when we saw the technology, what went into it and how well it worked, we knew we'd found the right solution."

KRK Technologies installed 80,000 feet of the GigaSPEED XL 2071 plenum copper cabling in the horizontal and 5,000 feet of the GigaSPEED XL 2081 plenum cabling in the backbone. Both types meet the TIA/EIA 568-b.2-1 Category 6 and ISO/IEC Category 6 specifications and provide the added performance margin required to support high-bandwidth applications -- perfect for Range Resources applications, which include reservoir and 3-D seismic simulations.

"We wanted to make sure that Range Resources had a sophisticated infrastructure and design that would support its more bandwidth-intensive applications," said Mark Guajardo, RCDD - Operations Manager for KRK Technologies. "SYSTIMAX Solutions is the leader in our industry, and it just made perfect sense to use the GigaSPEED XL for this installation. The solution will enable Range Resources to run its simulations and send and share large image files that you'll find at any oil and gas company."

The Category 6 copper cabling will also support VoIP, a quality valued by Range Resources as it has 650 employees in offices in Oklahoma, Texas, Ohio and Pennsylvania. In addition, the end-to-end solution will support network line speeds in excess of 1 GB/s for all of the 140 employees, on all five stories, in the Fort Worth office.

"SYSTIMAX Solutions has a long history of providing top-quality, complete solutions that meet, and often exceed, industry standards and specifications," Mark Peterson, senior vice president, Enterprise Global Marketing, CommScope, said. "That's why our business partners, like KRK Technologies, and our end-users, like Range Resources, know they can turn to us for reliable solutions they can count on for years to come. We are excited to be a part of this historic move, and we look forward to continuing to support Range Resources in its endeavors."

About SYSTIMAX Solutions

SYSTIMAX Solutions from CommScope is a worldwide leader in structured cabling systems and provides integrated end-to-end connectivity solutions for video, voice, data and building management applications in both wired and wireless enterprise networks.

SYSTIMAX Solutions supplies its high-performance and market-leading range of products through a network of highly skilled BusinessPartners. The product range includes the copper-based GigaSPEED X10D and GigaSPEED XL Solutions, the fiber optic LazrSPEED(R) and TeraSPEED(TM) Solutions and the iPatch(R) Real Time Infrastructure Management System. The SYSTIMAX AirSPEED(TM) Solution adds a wireless option to the portfolio. Drawing on their Bell Labs heritage, the people of SYSTIMAX Labs who have spearheaded these innovations will continue to play an integral role in the future success of SYSTIMAX Solutions. Currently the company's BusinessPartners install an average of over 1,000 miles (1,600km) of SYSTIMAX cable every day in approximately 130 countries worldwide.

For further information please visit http://www.systimax.com/ About Range Resources

RANGE RESOURCES CORPORATION is an independent oil and gas company operating in the Southwestern, Appalachian and Gulf Coast regions of the United States.

Forward-Looking Statements

All statements in this press release that are not historical facts should be considered forward-looking statements that are based on information currently available to management, management's beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. For a more detailed description of the factors that could cause such a difference, please see CommScope's filings with the Securities and Exchange Commission. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.

CommScope

CONTACT: Sadie McCrary of M\C\C, +1-972-480-8383, ext. 222, or
Sadie_McCrary@mccom.com, for SYSTIMAX Solutions

Web site: http://www.commscope.com/
http://www.systimax.com/

Piper Jaffray to Host Semiconductor and Communications Conference

NEW YORK, April 25 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. will host its Semiconductor and Communications Conference May 9-10, 2007, in New York City. The conference will feature presentations from more than 70 of the most dynamic semiconductor and communications growth companies worldwide.

Companies presenting represent the following industries: 3G wireless technologies, WiMAX, Voice-over-IP, fiber-to-the-home, optical networking, video conferencing, data center consolidation, 3D printing, and new and emerging sectors within the semiconductors industry, such as programmable mixed-signal and multimedia ICs. Management teams will present in 15-minute blocks followed by a breakout session in which clients can ask questions.

"We look forward to this year's conference and believe the wireless technology sector is entering a new stage of growth that creates compelling investment opportunities for clients," said Mike Walkley, senior research analyst at Piper Jaffray. "This is due to the upgrade to 3G driving increased network traffic and providing faster data speeds for consumers."

Companies scheduled to present include: 8x8, Inc.; 3D Systems Corporation; Acme Packet, Inc.; Advanced Analogic Technologies Incorporated; Allot Communications; Alvarion Ltd.; AMIS Holdings, Inc.; ANADIGICS, Inc.; Anaren, Inc.; Atheros Communications, Inc; ATMI, Inc.; AudioCodes Ltd.; Avanex Corporation; California Micro Devices Corporation; CallWave, Inc.; Cree, Inc.; Cypress Semiconductor Corporation; Eagle Test Systems, Inc.; Endwave Corporation; Entegris, Inc.; Extreme Networks Inc.; F5 Networks Inc.; Fairchild Semiconductor International, Inc.; Finisar Corporation; Foundry Networks, Inc.; Hittite Microwave Corporation; InterDigital Communications Corporation; Intevac, Inc.; JDSU; Komag Incorporated; Lattice Semiconductor; Micrel Incorporated; Microchip Technology, Incorporated; Microsemi Corporation; NMS Communications Corporation; Nokia Corporation; Novatel Wireless, Inc.; O2Micro International Limited; OmniVision Technologies, Inc.; Openwave Systems Inc.; Oplink Communications, Inc.; Packeteer, Inc.; Palm, Inc.; Polycom, Inc.; Power Integrations, Inc.; Powerwave Technologies, Inc.; QUALCOMM Incorporated; Radware Ltd.; Research in Motion Limited; Riverbed Technology, Inc.; Rudolph Technologies, Inc.; Sierra Wireless, Inc.; SigmaTel, Inc.; Silicon Laboratories, Inc.; Sipex Corporation; Sirenza Microdevices, Inc; Skyworks Solutions, Inc.; Smith Micro Software Inc.; Sonus Networks, Inc.; Stratasys, Inc.; Supertex, Inc.; Techwell, Inc.; Tekelec; Tessera Technologies, Inc.; Trident Microsystems, Inc.; Trimble Navigation Limited; TriQuint Semiconductor, Inc.; Ultra Clean Holdings, Inc.; Vimicro International Corporation; Volterra Semiconductor Corporation; and Zoran Corporation.

"These are very exciting times for semiconductor investors," said Tore Svanberg, senior semiconductor research analyst at Piper Jaffray. "Not only is the industry currently at the right side of cyclical trends, but we are also starting to see some new and emerging secular trends in non-traditional semiconductor markets, such as automotive, lighting, security and medical applications."

Company and investor participation in the Piper Jaffray Semiconductor and Communications Conference is by invitation only. Clients interested in attending should contact their Piper Jaffray representative. Members of the media who would like to attend should contact Susan Beatty at 612 303-5680 or susan.l.beatty@pjc.com .

About Piper Jaffray

Piper Jaffray Companies is a leading, international middle market investment bank and institutional securities firm, serving the needs of middle market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed- income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 25 offices across the United States and international locations in London and Shanghai. The firm's UK operating subsidiary, Piper Jaffray Ltd., is authorized and regulated by the Financial Services Authority and is a member of the London Stock Exchange. Piper Jaffray & Co. is the firm's principal operating subsidiary. ( http://www.piperjaffray.com/ )

For additional disclosure information please see http://www.piperjaffray.com/researchdisclosures .

Since 1895. Member SIPC and NYSE.

Piper Jaffray

CONTACT: Susan Beatty, Public Relations and Communications of Piper
Jaffray & Co., +1-612-303-5680

Web site: http://www.piperjaffray.com/

Visual Defence Announces Final Results for the Year Ending December 31, 2006

RICHMOND HILL, Ontario, April 25 /PRNewswire/ --

Visual Defence Inc. (LSE: VDI), the security convergence company, today announced the final results for the year ending December 31, 2006.

All dollar amounts are in Canadian dollars.

Highlights -- Revenues increased by 233 percent against the comparative period last year to $19.87 million -- Revenue growth illustrates the success of the Visual Defence strategy to diversify revenue across multiple geographic regions -- Excluding stock based compensation, amortization and depreciation losses were reduced to $2.52 million compared to $6.69 million in the prior year -- A number of significant contracts were won during the period, including BAA, the Greater Toronto Airport Authority and US Customs and Immigration -- Announcement today of a letter of intent and final stages of contract negotiations with a government airport authority for a 25-year Build- Operate-Transfer (BOT) security operations project; if signed, it should have a significant effect on the Company's revenue stream and profits over the duration of the contract -- Record order book at year end of approximately $20 million and a strong pipeline of new opportunities -- Balance sheet remains strong, with cash balances of $14.65 million

"Visual Defence enters 2007 with a record order book of approximately $20 million and a strong pipeline of new opportunities," said Oved Tal, Chairman at Visual Defence. "The company's focus on revenue growth, margin management and controllable costs should help direct it towards operating profitability in 2007. The Board believes the market for security convergence remains strong, as organizations continue to install IP-based security systems in an effort to drive additional value. The Visual Defence platforms are positioned to meet these requirements."

About Visual Defence

Visual Defence, the security convergence company, provides advanced solutions that manage mission critical systems for leading organizations around the world. The company provides government, airport, public transportation and commercial customers with public safety and security solutions that increase management efficiency while leveraging existing security infrastructure. With its Common Management Platform, Visual Defence provides customers with customizable and scaleable solutions that meet their business goals. Visual Defence is headquartered in Canada. Additional information is available at www.visualdefence.com.

CONTACT: Claire Barton Bill Watson Nadel Phelan, Inc. Visual Defence Inc. +1-831-440-2406 +1-905-731-1254 x222 claire@npipr.com bill.watson@visualdefence.com

Website: http://www.visualdefence.com

Visual Defence Inc.

Claire Barton of Nadel Phelan, Inc., +1-831-440-2406, claire@npipr.com, for Visual Defence Inc.; Bill Watson of Visual Defence Inc., +1-905-731-1254 x222, bill.watson@visualdefence.com

Banamex Launches Advanced Self-Service Automation with Opteva(R)Simple, Convenient and Reliable Transactions Made Possible with Diebold ATM Technology

NORTH CANTON, Ohio, April 25 /PRNewswire-FirstCall/ -- With self-service innovation provided through Diebold's , Opteva automated teller machines (ATMs), Banamex, part of Citigroup Inc. and Mexico's largest financial institution, now offers its customers advanced services 24 hours a day through automated branches. Banamex Mexico customers have the ability to visit these new, automated branches and make cash deposits directly into their accounts, pay bills and make Banamex credit card payments -- any time of day.

This self-service strategy extends the bank's reach beyond its customer base. Now non-Banamex customers are also able to utilize these cardless automated branch environments. The results are convenient, immediate access to accounts and more efficient transactions for everyone 24 hours a day, 365 days a year.

"We are dedicated to providing our customers with reliable and convenient banking services that fit today's busy schedules," said Jesus Berumen, vice president, remote banking, Banamex. "Diebold has been a trusted partner for more than 20 years, and yet again they have provided us with the right solution in their Opteva ATMs."

Introduced in 2003, the Opteva family of ATMs provides financial institutions with next generation services, easy and efficient installation, maintenance and upgrades. Opteva offers the most functionality for a lobby- sized footprint, including full deposit automation options, advanced function dispenser and enhanced security.

Powered by Diebold's Agilis(R) open software platform and Nexus Involve middleware, the automated branch solution was wholly developed by Diebold Mexico Premier Services group. A proprietary message format connects each automated branch to the local branch system for advanced features and functionality, resulting in "real-time" transactions whether the physical branch is open or closed.

Banamex has been a Diebold customer since the late 1980s, when the bank first deployed a large number of ATMs at local branches. Today, Banamex has expanded its network of branches throughout Mexico with a combination of Opteva and ix modules.

About Banamex

Grupo Financiero Banamex is a member of Citigroup, Inc., and it is the leading financial group in Mexico with Banco Nacional de Mexico (Banamex) founded in 1884. The Group has an outstanding position in the country's financial markets through its affiliates, and it includes deposits, consumer finance, handling resources from investment partnerships and funds for retirement, insurance banking, pensions and stock market brokerage. The group has an extensive net of distribution of over 1,500 branches and more than 5,800 ATMs located throughout the country. For more information, visit http://www.banamex.com/

About Diebold

Diebold, Incorporated is a global leader in providing integrated self- service delivery and security systems and services. Diebold employs more than 15,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold reported revenue of $2.9 billion in 2006 and is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's Web site at http://www.diebold.com/.

Diebold, Incorporated

CONTACT: media, Anna Istnick, +1-330-490-6661, istnica@diebold.com, or
investors, Jennifer Bako, +1-330-490-6318, bakoj@diebold.com

Web site: http://www.diebold.com/

Southern Company's Mike Harreld Honored by Georgia Society of CPAs

ATLANTA, April 25 /PRNewswire-FirstCall/ -- Mike Harreld, executive vice president and chief financial officer of Southern Company's transmission organization, has received the Outstanding Member in Industry Award from the Georgia Society of Certified Public Accountants (GSCPA). The award recognizes members in industry who have made significant professional and civic contributions that reflect the values and ideals of the GSCPA.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020207/SOCOLOGO )

Harreld has multiple responsibilities at Southern Company, including companywide coordination of a new enterprise resource plan and supply chain system. As CFO for the company's transmission organization, Harreld oversees all aspects of transmission finance and accounting.

In addition to his professional accomplishments, Harreld was recognized for his civic contributions. For the past 25 years, Harreld has volunteered his services to the Metro Atlanta YMCA and in 2005 was the recipient of the organization's highest branch volunteer recognition - the Kellog Branch Champion Award. Harreld is currently a member of the Metro Atlanta YMCA governing board and chairs the risk management committee. He is also a board member of the YMCA Camp High Harbor Branch, where he played a leadership role in expanding the camp to several additional sites.

In addition, Harreld helped establish Yes! Atlanta, serving as board chairman. Yes! Atlanta strives to enhance the lives of vulnerable teenagers in metropolitan Atlanta through a variety of structured programs.

With 4.3 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company is the premier energy company serving the Southeast, one of America's fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has been listed the top ranking U.S. electric service provider in customer satisfaction for seven consecutive years by the American Customer Satisfaction Index (ACSI). Visit our Web site at http://www.southerncompany.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020207/SOCOLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Southern Company

CONTACT: Mike Tyndall of Southern Company, +1-404-506-5333,
+1-866-506-5333, media@southerncompany.com

Web site: http://www.southerncompany.com/

NEC Licenses its Digital Microwave Radio Patents to Microwave Networks, Inc.NEC aims to bind patent licensing agreements with telecommunications manufacturers worldwide toward increased market innovation and growth

TOKYO, April 25 /PRNewswire-FirstCall/ -- NEC Corporation has licensed its U.S. digital microwave radio ("DMR") patents and counterpart patents covering fundamental telecommunication techniques such as quadrature amplitude modulation ("QAM") to the American DMR manufacturer Microwave Networks, Inc. ("MNI"). NEC and MNI also made a cross- agreement not to assert their DMR patents in the future.

"Our research and development innovation over the past thirty years has empowered NEC with an unsurpassable digital microwave radio patent portfolio worldwide," said Hideyuki Ogata, Vice President at NEC's Intellectual Asset Management Unit. "NEC seeks to actively pursue patent licensing agreements with global telecommunications manufacturers that recognize the value of its intellectual property. We have always embraced new and collaborative ways of driving innovation and will actively work toward the increased development of the global telecommunications market."

NEC has previously licensed its DMR patents to a telecommunications manufacturer in North America and is in the process of negotiating similar patent licenses with other telecommunications manufacturers around the world, recognizing its intellectual property as an extremely important and highly- valued company asset.

"This is the first licensing agreement that MNI has entered into with another digital transmission manufacturing organization and MNI hopes this agreement is a precursor to enhanced worldwide cooperation between digital radio companies," said Mr. James R. Gordon, President of MNI.

In the 1960s, NEC began research and development in the area of DMR and produced the world's first commercial equipment in 1969. Since then, it has developed a broad range of DMR systems and techniques as a leading global manufacturer, contributing to the establishment of wireless communication networks across the world. NEC's DMR equipment, including its point-to-point wireless access system, Pasolink, is shipped to over 110 countries and is well recognized for its high performance and reliability.

About NEC Corporation

NEC Corporation is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 150,000 people worldwide. For additional information, please visit the NEC home page at: http://www.nec.com/

NEC Corporation

CONTACT: Asia Pacific: Masako Hirano, +65-63792570,
m-hirano@bccs.nec.com.sg; Europe: Chris Shimizu, +44-20-8752-2794,
chris.shimizu@uk.neceur.com; America: Kazuko Andersen, +1-212-326-2502,
Kazuko.Andersen@necam.com, all of NEC

Web site: http://www.nec.com/

The9 Limited Announces Significant Player Demand in Soul of the Ultimate Nation(TM) All-Access Open Beta Testing in China

SHANGHAI, China, April 25 /Xinhua-PRNewswire/ The9 Limited ("The9"), a leading online game operator in China, today announced that Soul of The Ultimate Nation(TM) ("SUN"), a highly-anticipated 3D massively multiplayer online role playing game ("MMORPG") developed by a leading Korean game developer and operator, Webzen, Inc. ("Webzen"), and exclusively operated by The9 in mainland China, has achieved peak concurrent users of approximately 400,000 players in the first week of its all-access open beta testing.

On April 18, 2007, The9 launched all-access open beta testing for SUN. Shortly thereafter, all initial 24 server realms running on a total of four server sites were filled to capacity with eager players. To accommodate the significant player demand, later the same day, The9 opened four additional server realms. The following day, The9 opened the remaining four server realms, which resulted in the full utilization of the initial four server sites, and achieved peak concurrent users in excess of 400,000 players. On April 25, 2007, The9 launched a brand new fifth server site, opening all its eight server realms, to allow more players to experience the exciting SUN game.

The success of SUN's all-access open beta testing once again demonstrates The9's strong operational capabilities and its leadership in the growing online games industry in China. We will continue to launch server sites for SUN to meet the demands of Chinese game players. At the same time, we intend to continue to work with Webzen to provide content upgrades so as to bring fantastic gaming experience to Chinese players and to pave the way for even bigger successes of the SUN game in China.

About The9 Limited

The9 Limited is a leading online game operator in China. The9's business is primarily focused on operating and developing MMORPGs for the Chinese online game players market. The9 directly or through affiliates operates licensed MMORPGs, consisting of MU(R), Mystina Online, Blizzard Entertainment(R)'s World of Warcraft(R), and its first proprietary MMORPG, Joyful Journey West(TM), in China. It has also obtained exclusive licenses to operate additional MMORPGs in China, including Granado Espada, Soul of The Ultimate Nation(TM), Guild Wars, Hellgate: London, Ragnarok Online 2, Emil Chronicle Online, and Huxley. The9 is also working on the development of a 3D fantasy MMORPG game, Fantastic Melody Online(TM).

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of 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. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. The9 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, etc., 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 The9's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, The9's limited operating history as an online game operator, political and economic policies of the Chinese government, the laws and regulations governing the online game industry, information disseminated over the Internet and Internet content providers in China, intensified government regulation of Internet cafes, The9's ability to retain existing players and attract new players, license, develop or acquire additional online games that are appealing to users, anticipate and adapt to changing consumer preferences and respond to competitive market conditions, and other risks and uncertainties outlined in The9's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F. The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For further information, please contact: Ms. Dahlia Wei Senior Manager, Investor Relations The9 Limited Tel: +86 (21) 5172-9990 Email: IR@corp.the9.com Website: http://www.corp.the9.com/

The9 Limited

CONTACT: Dahlia Wei, Senior Manager, Investor Relations of The9 Limited,
+86 (21) 5172-9990, or IR@corp.the9.com

Web site: http://www.corp.the9.com/

All American Semiconductor, Inc. Files Voluntary Chapter 11 for U.S. and Foreign OperationsFirst Day Motions Filed ConcurrentlyDebtor-in-Possession Financing Secured Through Existing Bank GroupSeeks Approval of a Procedure For Going Concern Sale

MIAMI, April 25 /PRNewswire-FirstCall/ -- All American Semiconductor, Inc. , a distributor of semiconductors and other electronic components, today announced that it has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of Florida, Miami Division. The filing includes All American's 33 subsidiaries in the United States, Canada, Mexico, Europe and Asia. All American determined to file for relief under Chapter 11 after extensively exploring and carefully evaluating all of its options. All American believes that the Chapter 11 process provides the best alternative for maximizing the value of the Company for the benefit of its stakeholders including suppliers, customers and employees.

Simultaneous with the filing of its petitions, All American filed first day motions seeking relief that will enable it to continue operations during the Chapter 11 process, including debtor in possession financing from its existing bank group and the payment of employee related obligations, which All American expects the Court to grant. All American expects to continue to pay its post-petition obligations in the ordinary course.

In addition, All American has filed a motion seeking Court approval of a procedure for the sale of its businesses as a going concern to be completed no later than June 8, 2007. In that regard, All American has entered into a nonbinding letter of intent with a third party to acquire substantially all of All American's and its subsidiaries' assets through a Chapter 11 sale process including Court approved bidding procedures. The net proceeds from such proposed sale are not expected to pay in full the outstanding debt of All American's bank group at the time of closing of such sale. The proposed sale is subject to a number of conditions, including but not limited to: (a) the potential purchaser's completion of satisfactory due diligence, (b) the parties entering into a definitive purchase and sale agreement, (c) approval of the sale by the Company's bank group, (d) approval of the sale by the United States Bankruptcy Court and (e) other customary conditions, terms and consents.

"The decision to file was a necessary step for our customers, suppliers, and employees," said Bruce Goldberg, President and CEO of All American. "We will continue working with our suppliers to service our customers throughout the Chapter 11 process in order to maximize the value of All American and its subsidiaries and to maintain the going concern value of the Company pending a sale."

To provide All American with liquidity during the sale process, All American has negotiated a debtor-in-possession (DIP) financing of up to $25 million with its existing bank group, which is also subject to Bankruptcy Court approval.

All American's decision to file voluntary petitions for relief under Chapter 11 followed the expiration of its second forbearance agreement with its lenders which had provided additional liquidity to the Company in the short term. Prior to its Chapter 11 filing, All American explored a variety of strategic alternatives, including a sale, additional financing, refinancing or recapitalization.

Squire, Sanders & Dempsey, LLP is acting as bankruptcy and restructuring counsel and Raymond James & Associates, Inc. continues to act as financial advisor to All American.

As previously reported, All American has not completed its year-end audit and did not file its Form 10-K by April 17, 2007, the extended due date pursuant to Form 12b-25 which the Company previously filed with the Securities and Exchange Commission. As a result and as previously announced, All American received a Staff Determination Letter from The NASDAQ Stock Market providing that, unless the Company requested an appeal of the Staff determination of its noncompliance with the continued listing requirements set forth in NASDAQ Market Place Rule 4310(c)(14) by 4:00 p.m. Eastern Time on April 25, 2007, trading of the Company's common stock would be suspended at the opening of business on April 27, 2007 and the Company's common stock would be delisted from The NASDAQ Stock Market. All American does not plan to request an appeal.

More information on All American's Chapter 11 case, including access to Court documents and other general information, is available on the website of the United States Bankruptcy Court for the Southern District of Florida at (http://www.flsb.uscourts.gov/.)

About All American Semiconductor, Inc.

All American is a Delaware corporation with its principle place of business in Miami, Florida. It also maintains corporate offices for West Coast operations in San Jose, California. All American is a distributor of electronic components manufactured by others. The Company distributes a full range of semiconductors including transistors, diodes, memory devices, microprocessors, microcontrollers, other integrated circuits, active matrix displays and various board-level products. All American also distributes passive components such as capacitors, resistors and inductors; and electromechanical products such as power supplies, cable, switches, connectors, filters and sockets. All American also offers complete solutions for flat panel display products. In total, the Company offers approximately 40,000 products produced by approximately 60 manufacturers. These products are sold primarily to original equipment manufacturers in a diverse range of industries such as manufacturers of computers and computer-related products, networking, satellite, wireless and other communications products; Internet infrastructure equipment and appliances; automobiles and automotive subsystems; consumer goods; voting and gaming machines; defense and aerospace equipment; and medical instrumentation. The Company also sells products to contract electronics manufacturers who manufacture products for companies in all electronics industry segments.

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "expected," "intends, "may," "will," "shall," and similar expressions, to the extent used, are intended to identify the forward-looking statements. In addition, to the extent that this press release makes statements about or refers to the Chapter 11 bankruptcy filing and results or effects thereof, DIP financing from the existing bank group, a sale of substantially all of the assets of the Company and its subsidiaries, Bankruptcy Court approval of any DIP financing, asset sale or any other transaction, or otherwise makes statements about or refers to future expectations, beliefs or intentions about the Company's future operations or liquidity situation or issues, such statements are forward-looking statements. All forward-looking statements are subject to a number of risks and uncertainties that could cause actual results, performance, achievements or transactions to differ materially from the statements made. Factors that could adversely affect the Company's future results, performance, achievements or transactions include, without limitation: failure of the Company to obtain Bankruptcy Court approval of the DIP financing agreement or any sale of its assets or any other transactions or activities involving the Company; the Company's failure to access sufficient funds from any Bankruptcy Court approved DIP financing to provide it with funding to facilitate the Chapter 11 bankruptcy process and proposed sale process; the Company's ability to satisfy the subsequent conditions that would allow it to continue to access additional DIP financing from its lenders; the failure of the potential third party purchaser of the Company's assets to be satisfied with its due diligence; the failure of the Company and its subsidiaries to reach and execute a mutually satisfactory definitive purchase and sale agreement with the potential third party purchaser or consummate the transaction at all or on the terms set forth in the letter of intent; the failure to satisfy all of the conditions to complete the sale of the Company's assets to the third party, some of which are set forth in this press release; the level and extent of effectiveness of certain cost cutting measures by the Company implemented or required to be implemented and the impact of those cost cutting measures on the ability of the Company to operate while it attempts to complete a sale of its assets; the Company's ability to preserve the value of its assets while it attempts to complete a sale of its assets; the failure of the Company to better align the Company's expenses with its current operating environment; the Company's failure to obtain competing bids from third parties for the purchase of its assets in order to obtain the best possible price in the sale process; the Company's failure to find purchasers of its assets that will continue to be financial sound and in a stronger position than the Company to employ its employees on an on-going basis; further and continuing deterioration in the Company's relationships with existing suppliers and customers; additional losses of suppliers and customers; the continuing and increasing slowdown in sales or that slowdown being greater than the Company expects; the closing of additional sales offices and/or other facilities; further voluntary or involuntary reductions of the Company's workforce; and other uncertainties, risks and factors, including those described in the Company's reports on Forms 10-K, Forms 10-Q, Forms 8-K and other press releases. These risks and uncertainties are beyond the ability of the Company to control. In many cases, the Company cannot predict the risks and uncertainties that could cause actual results to differ materially from those indicated by the forward- looking statements. The Company undertakes no obligation to update publicly or revise any forward-looking statements, business risks and/or uncertainties.

All American Semiconductor, Inc.

CONTACT: Maria Leonhauser for All American Semiconductor, Inc.,
+1-313-567-5080, mobile, +1-313-377-5869, leonhauser@franco.com

Web Site: http://www.flsb.uscourts.gov/

Patni Computer Systems Partners with Boston College to Teach the 'Ins And Outs' of OutsourcingGlobal Outsourcing Leader to Sponsor Executive Leadership Forum as Certificate Program for Senior Executives

CAMBRIDGE, Mass., April 25 /PRNewswire-FirstCall/ -- Patni Computer Systems, a global IT services provider, has announced its partnership with Boston College's Carroll School of Management to offer an Executive Leadership Forum entitled "Managing Outsourcing in the 21st Century." The workshop will host 20-25 participants on the Boston College (BC) campus from June 11th to 13th, 2007.

The Forum is for senior executives who are looking to get a complete perspective on outsourcing and globalization. Taught by a combination of BC faculty, executives from Fortune 500 companies and Patni staff, this program will cover a broad range of topics related to the effective management and implementation of an outsourcing and globalization initiative.

Sunil Chitale, Senior Vice President & Head of Manufacturing Practice at Patni, is looking forward to the Forum, where he will serve as an instructor. "By combining the academic and commercial perspectives on globalization, we're providing attendees with a unique learning experience," said Chitale. "This Forum will be an invaluable asset to executives who want to leverage their business to a higher level of success."

Dr. Mohan Subramaniam, Associate Professor of Strategy at the Carroll School of Management, also an instructor at the Forum, thinks of this program as a distinctive opportunity to understand how outsourcing provides a critical role in gaining competitive advantage. "The fundamentals of managing organizations are changing because of today's global environment," said Dr. Subramaniam. "There is a pressing need to reassess how organizations create and deliver value to their customers. This forum will highlight the significance of outsourcing to this process and its intricate links to a firm's competitive strategy."

Each participant in the Executive Leadership Forum Program will receive a Certificate of Outsourcing from BC's Carroll School of Management on completion of the course. For more information, or to register, please visit: http://www.patni.com/CSM/index.html Questions or other inquiries may be directed to elf@patni.com or call 617-914-8000.

About the Carroll School of Management:

The Carroll School of Management at Boston College provides management education attuned to the needs of today's business world. Aligned with the philosophy of Boston College, the Carroll School develops leaders and managers who bring an ethical perspective to business decision making.

In addition to its 6 degree programs and 8 centers which provide various executive development programming for professionals, the School partners with the business community to provide student consulting services in the areas of financial and strategic analysis, product development, and general business planning.

The Carroll School of Management educates undergraduates preparing for careers in management, graduate students aspiring to greater responsibilities in a complex global economy and practitioners and executives seeking renewed vision and new skills for that economy.

About Patni Computer Systems:

Patni Computer Systems Limited is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni caters to its clients through its industry-focused practices, including insurance, financial services, manufacturing, telecommunications and media, and its technology-focused practices.

With an employee strength of over 12,000; multiple global delivery centers spread across 12 cities worldwide; 21 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 579 million for the year 2006.

Patni's service offerings include application development and maintenance, enterprise application solutions, product engineering services, infrastructure management services, business process outsourcing, quality assurance and engineering services.

Committed to quality, Patni adds value to its client's businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified and SEI-CMMI Level 5 organization, assessed enterprise wide at P-CMM Level 3. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.

For more information on Patni, visit http://www.patni.com/ . Safe Harbor:

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Patni has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Patni Computer Systems

CONTACT: Tony Viola of Patni Computer Systems, +1-617-914-8255,
Tony.Viola@patni.com; or Jill Reuter of Pan Communications, +1-978-474-1900,
patni@pancomm.com, for Patni Computer Systems

Web site: http://www.patni.com/

Travelzoo Gives Away Entire Top 20 ListSweepstakes Winner to receive 20 Travel Deals

NEW YORK, April 25 /PRNewswire-FirstCall/ -- Travelzoo , a global Internet media company, today announced that it will give away its entire Top 20(R) list of travel deals as part of the 'Top 20 Sweepstakes' this month.

"We believe it's a fun and effective way to encourage travelers to sign up to receive our free Top 20 list," said Erik Qualman, Head of Marketing for Travelzoo in North America. "Current subscribers can also enter by referring a friend and we have found in the past that they are more than happy to share their positive experiences with Travelzoo. This is great since our current subscribers have high incomes, are highly educated and travel savvy - their friends often posses these same desirable characteristics."

Travelzoo's 'Top 20 Sweepstakes' is open to new and current Top 20 subscribers in the U.S. and Canada. To enter the 'Top 20 Sweepstakes' visit http://sweepstakes.travelzoo.com/ in the U.S. or http://ca.sweepstakes.travelzoo.com/ in Canada. Current subscribers need to refer a friend in order to enter. The official rules of the sweepstakes are posted on Travelzoo's Web site. The Top 20 list is a compilation of the best airfare, hotel, vacation package, cruise and car rental deals on the Internet. The Top 20 is e-mailed each Wednesday to more than 11 million subscribers.

The 'Top 20 Sweepstakes' ends on May 10, 2007. The winner will be announced on or around May 14, 2007.

About Travelzoo

Travelzoo is a global Internet media company. Travelzoo's media properties, which reach more than 11 million travel enthusiasts in the U.S., Canada, the U.K. and Germany, include the Travelzoo(R) Web site (http://www.travelzoo.com/), the Top 20(R) list, the Newsflash(TM) e-mail alert service and SuperSearch(TM), a travel search engine. Travelzoo publishes offers from more than 600 advertisers. Travelzoo's deal experts review each offer to find the best travel deals and confirm their true value. Travelzoo is headquartered in New York City.

Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect", "predict", "project", "anticipate", "believe", "estimate", "intend", "plan", "seek" and similar expressions are generally intended to identify forward-looking statements. Because these forward- looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. Travelzoo and Top 20 are registered trademarks of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.

Media Contacts: Mindy Joyce (212) 521-4218 mjoyce@travelzoo-inc.com

Travelzoo

CONTACT: Mindy Joyce of Travelzoo, +1-212-521-4218,
mjoyce@travelzoo-inc.com

Web site: http://www.travelzoo.com/

Verizon's FiOS TV Approved in Rye Brook, N.Y.Consumers One Step Closer to Choice and Competition

RYE BROOK, N.Y., April 25 /PRNewswire/ -- Residents of this Westchester County village are a major step closer to having a real choice for their cable television services, thanks to a vote Tuesday night (April 24) by the Rye Brook Board of Trustees to approve a video franchise that authorizes Verizon to offer its FiOS TV service, delivered over the most advanced fiber-optic network straight to customers' homes.

"This is great news for residents of Rye Brook, who now will have a new choice for their video entertainment," said Monica Azare, Verizon senior vice president for New York and Connecticut. "Verizon's FiOS TV offers consumers something they've never had before, with incredible pictures and sound clarity and innovative new services -- all from a brand they know and trust."

Rye Brook joins a growing list of New York communities that are paving the way for competition and choice in the television market. In addition to Rye Brook, Verizon has been granted video franchises in the Westchester County communities of White Plains, Irvington, Ardsley, Dobbs Ferry, Tarrytown, Eastchester, Mount Kisco, Elmsford, Port Chester, Tuckahoe and the Town of Greenburgh. Verizon also has video franchises in the Rockland County communities of Airmont, Piermont, Orangetown, Clarkstown, Nyack, South Nyack, Upper Nyack and Grandview-on-Hudson; and on Long Island in the villages of Massapequa Park, Cedarhurst, Laurel Hollow, Lynbrook, Mineola, East Rockaway, Farmingdale, Valley Stream, Freeport and Williston Park, and in the towns of Huntington, Smithtown, Hempstead and Oyster Bay.

As with all local franchise approvals in New York, the agreement between Verizon and Rye Brook is subject to review by the New York State Public Service Commission.

Verizon's FiOS TV is a formidable competitor to cable and satellite, offering a broad collection of all-digital programming, more than 20 high- definition (HD) channels in the New York market and access to more than 8,600 on-demand titles, 60 percent of which are free.

Verizon's fiber network delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. In addition to FiOS TV, Verizon's fiber network also delivers Internet download speeds of up to 50 Mbps (megabits per second) and upload speeds of up to 5 Mbps, as well as high-quality voice service.*

*NOTE: actual (throughput) speeds will vary.

Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 59 million customers nationwide. Verizon's Wireline operations include Verizon Business, which operates one of the most expansive wholly owned global IP networks, and Verizon Telecom, which is deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. A Dow 30 company, Verizon has a diverse workforce of approximately 242,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit http://www.verizon.com/.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

Verizon

CONTACT: Heather Wilner, +1-212-321-8333, heather.b.wilner@verizon.com

Web site: http://www.verizon.com/

Company News On-Call: http://www.prnewswire.com/comp/094251.html

GeoEye and East-Dawn of China Partner to Provide Geospatial ServicesNew Entity Beijing Earth Observation (BEO) to Be Exclusive Master Reseller in China

DULLES, Va., April 25 /PRNewswire-FirstCall/ -- GeoEye, a leading producer of satellite, aerial and geospatial information , today announced it has partnered with the East-Dawn Group, a privately held company based in Beijing, China to provide satellite imagery and value-added products in China. To implement this, the East Dawn Group has formed a new company, Beijing Earth Observation (BEO). BEO, also headquartered in Beijing, will focus on the resale of satellite imagery and value-added products. Under terms of the agreement and subject to U.S. Government approval, BEO will be GeoEye's exclusive Master Reseller in China and will have access to GeoEye's archive of more than 278 million square kilometers of map-accurate satellite imagery. GeoEye will appoint two directors to BEO's board to gain a better understanding of the market and provide strategic advice to the company. A ceremony marking this new relationship was held in Beijing on April 19, 2007.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060112/DCTH008LOGO)

Covering 9.6 million square kilometers, China has a growing need to fully harness the power of geospatial information to map and monitor its vast landmass and all the changes happening to it. The Chinese government has incorporated the expansion of geospatial technology as part of its overall national strategy. BEO will directly target, market and sell GeoEye's high-resolution products and value-added solutions to the Chinese government, its various remote sensing application organizations, local government agencies and the commercial sector.

"We are honored to have East-Dawn as our distinguished partner. We believe the market for high-quality, map-accurate information will grow as China's economy does," said Matt O'Connell, GeoEye's chief executive officer. "Our IKONOS satellite archive has the map-accurate imagery China needs to help it plan its rapid growth, and BEO is the right partner for us to help satisfy our Chinese customers' needs."

Sun Bing, the founder of East-Dawn said, "China has leveraged the benefits of satellite information since the 1970's to conduct resource surveys and environmental assessments. BEO will build on this tradition and work closely with China's strong remote sensing community. We believe our partnering with GeoEye will help provide the Chinese government and business leaders with quality geospatial information in a timely and convenient manner to address applications such as forestry, land surveying, agricultural assessment, geosciences, urban planning, mapping and natural disaster prediction."

About GeoEye

Headquartered in Dulles, Va., GeoEye is a leading producer of satellite, aerial and geospatial information. The company is the premier provider of geospatial data, information and value-added products for the national security community, strategic partners, resellers and commercial customers. GeoEye operates Earth imaging satellites, two mapping aircraft, possesses an international network of ground stations, a robust image archive, and advanced geospatial imagery processing capabilities. GeoEye plans to launch the world's highest resolution and most accurate commercial imaging satellite, GeoEye-1, in 2007. It will have a ground resolution of 0.41-meters or about 16 inches. The company was listed on Nasdaq in September 2006. GeoEye maintains a comprehensive Quality Management System (QMS) and has achieved corporate-wide ISO accreditation. For more information, visit http://www.geoeye.com/.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties. GeoEye's actual financial and operational results could differ materially from those anticipated. Additional information regarding these risk factors and uncertainties is described more fully in the Company's SEC filings. A copy of all SEC filings may be obtained from the SEC's EDGAR web site, http://www.sec.gov/, or by contacting: William L. Warren, Senior Vice President, General Counsel and Corporate Secretary, at 703-480-5672.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060112/DCTH008LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com GeoEye

CONTACT: Mark Brender of GeoEye, +1-703-480-9562,
brender.mark@geoeye.com; or Amy Shanks of LeGrand Hart, +1-303-298-8470,
ext. 273, ashanks@legrandhart.com, for GeoEye

Web site: http://www.geoeye.com/

Radware Takes Top Honors in IDG TechWorld Application Delivery Product Test ComparisonResults Underscore Radware's Product Excellence

MAHWAH, N.J., April 25 /PRNewswire-FirstCall/ -- Radware , the leading provider of intelligent integrated solutions for ensuring the fast, reliable and secure delivery of networked and Web-enabled applications over IP, announced today that its AppDirector 1000 has earned highest ratings from IDG's TechWorld application delivery test, beating out competitive products from F5 and Coyote Point. The testing, underscores Radware's capability to provide fast, reliable and secure application delivery at all times.

In a simulated medium- to large-size enterprise environment, TechWorld measured the vendors' ability to monitor, control and balance traffic across multiple servers for increased performance and high availability. TechWorld used Windows server running Microsoft SQL Server in a cluster in one test and Web servers with Internet information server in another. The test engineers then increased traffic to test the products' resiliency, ultimately evaluating them based on the support provided, ease of use, installation and configuration, functions and refinements and robustness and stability. TechWorld's reviewer awarded Radware the highest marks of the group test.

Radware AppDirector 1000, which sits inline on the network behind routers and in front of applications, has full visibility into all traffic that traverses the WAN and in the data center and works to provide health monitoring, traffic redirection, load balancing, traffic shaping, bandwidth management, and other application services as well as intrusion prevention and denial of service protection. TechWorld concluded that AppDirector 1000 kept critical applications and data up and running at all times with its advanced layer 4-7 policies and granular application intelligence. It also highlighted the following key strengths:

-- AppDirector 1000 has a significantly more flexible structure than top competitors when it came to measuring traffic in active sessions, comparing traffic to and from different servers and determining the size of the load in each server. -- AppDirector 1000 carried out every task with fluency and distributed heavy traffic between servers intelligently and efficiently to eliminate traffic surges, server bottlenecks, connectivity disconnects and downtime. -- AppDirector 1000 has a superior interface which offers more ease-of-use, built-in monitoring, and central administration capabilities for multiple devices.

According to TechWorld product tester, A. Per Forsberg, "Best in test is Radware AppDirector 1000, primarily for the excellent interface. The solution is sound and solid and performs excellently in our tests. It's also a truly stable solution for load balancing."

About Radware

Radware is the global leader in integrated application delivery solutions, assuring the full availability, maximum performance and complete security of all business critical networked applications while dramatically cutting operating and scaling costs. More than 5,000 enterprises and carriers worldwide use Radware application-smart switches to drive business productivity and improve profitability by adding critical application intelligence to their IP infrastructure, making networks more responsive to specific business processes. Radware's APSolute product family provides the most complete set of application front-end, remote access and security capabilities for application-smart networking to ensure faster, more reliable and secure business transactions. Learn more on how Radware application delivery solutions can enable you to get the most of your investments in IT infrastructure and people. http://www.radware.com/.

This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching industry, changes in demand for Application Switching products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.

Contact: Media Relations: Juanita Mo Fleishman-Hillard +1 212-453-2499 Juanita.Mo@fleishman.com

Radware

CONTACT: Media Relations - Juanita Mo, Fleishman-Hillard,
+1-212-453-2499, Juanita.Mo@fleishman.com; or Investor Relations - Dennis S.
Dobson, +1-203-255-7902, ir@radware.com

Web site: http://www.radware.com/

ARRIS to Display Broadband Multi Play Solutions and Ultra-Fast Wideband Data Services at NCTA in Las Vegas

SUWANEE, Ga., April 25 /PRNewswire-FirstCall/ -- ARRIS The full range of ARRIS carrier-grade voice, video and wideband high-speed data solutions, along with its wireless voice and data products, infrastructure, commercial services and hospitality industry portfolios, will be on display at the NCTA National Show in Las Vegas, May 7-9, 2007.

A highlight at the ARRIS booth (#2056) will be the demonstration of 120+ Mbp/s DOCSIS(R) service delivery. The live demonstration will include large file and High Definition video and gaming downloads during simultaneous video conferencing. The entire Wideband demonstration will be enabled by a standard ARRIS C4(R) CMTS loaded with ARRIS pre-DOCSIS 3.0 FlexPath(TM) software and the Touchstone(R) Wideband Modem WBM650.

Additionally, ARRIS will showcase its next-generation CMTS solutions that support both Modular (M-CMTS) and Integrated CMTS (I-CMTS) configurations enabled by the C4 CMTS and the D5(TM) Universal Edge QAM video solution.

Other demonstrations will include: -- Next-generation Touchstone VoIP E-MTA and multiline E-MTAs -- New Touchstone wireless E-MTA TM552 -- Touchstone E-1/T-1 modem CSM470 and Commercial Services Aggregator CSA9000 -- FMC Mobility Application Server (MAS), which provides a complete Fixed/Mobile convergence solution for today's non-IMS based cable architectures -- Automatic line porting switches and telephony self-installation kits that allow operators to more rapidly activate new telephony subscribers -- Key voice, video, and data installation products, proprietary Regal(R) and Digicon(R) lines, specialty tools, and test equipment used in premises applications -- C3(TM) CMTS, configured for commercial services applications -- CXM(TM) line of modems and gateways designed for the hospitality industry and Multiple Dwelling Units -- Wireless Solutions for business services applications including Long Distance Wireless Transport, Wireless Mesh, Wireless Plant Extensions, and Managed Wi-Fi Hotspots

These broadband multi-play products demonstrate the choice of technology solutions that ARRIS offers customers to support existing modes of operation, new service launches and emerging network architectures such as M-CMTS and I- CMTS, wireless and FMC, and which let operators pay as they grow.

In other technical presentations, ARRIS VP Marketing & Business Development Stan Brovont will moderate an international panel "Global Drivers and Universal Lessons," 8:00 - 9:15 AM Tuesday May 8th in the Mandalay Bay Ballroom L; and ARRIS CTO Dr. Tom Cloonan will speak on the "Office Gossip: Provisioning and Preparing for the Business Services Migration" panel 8:00 - 9:15 AM Wednesday, May 9th, also in the Mandalay Bay Ballroom L. Finally, the traditional ARRIS Breakfast Tech Briefing will also be held Tuesday May 8th from 7:30 - 9:00 AM.

For more info, visit http://www.arrisi.com/events. About ARRIS

ARRIS provides broadband local access networks with innovative video, high-speed data and telephony systems for the delivery of voice, video and data to the home and business. ARRIS complete solutions enhance the reliability and value of converged services from the network to the subscriber. Headquartered in Suwanee, Georgia, USA, ARRIS has design, engineering, distribution, service and sales office locations throughout the world. Information about ARRIS products and services can be found at http://www.arrisi.com/.

ARRIS

CONTACT: Alex Swan, Media Relations, of ARRIS, +1-678-473-8327,
alex.swan@arrisi.com

Web site: http://www.arrisi.com/

Nano Chemical Systems Holding Announces Nano-Encapsulation With Intelligent Dust(TM) to Increase the Shelf Life of Soybean Biofuel Feed Stocks

TAMPA, Fla., April 25 /PRNewswire-FirstCall/ -- Nano Chemical Systems Holdings, Inc. (BULLETIN BOARD: NCSH) , (Nanochem or "The Company"), announced today its launching of a new initiative which will marry two proprietary technologies of the Company to extend the shelf life of soybean biofuel feed stocks incrementally for six months at a time. One technology is nano-encapsulation, which is the subject of a pending patent and the other technology is Intelligent Dust(TM), which was previously announced for the applications including mold control.

Demand for ethanol produced from corn and used as an oxygenation additive for gasoline has all but completely replaced the previous used toxic oxygenation additive but, at the same time, produced a sharp increase in the commodity price of corn. Oil from soybeans, that has a significantly higher yield per acre than corn, is a prime candidate feed stock to produce both ethanol and biodiesel. To date, the short shelf life of the soybean feed stock, measured in only days, makes it necessary to locate refining operation in close proximity to the growing fields and worse still is that refining capacity is often held idle until crops are harvested. Nanochem's two proprietary technologies working together allows soybean feed stock to be shipped, stored and cued-up to match soybean feed stocks to refining capacity.

With Nanochem's treatment of soybean feed stock it can potentially be stored up to six months with one treatment. Further, the Company believes, a second exposure of the soybeans to energize the Intelligent Dust(TM) ladened nano-encapsulation with light and should allow for continued storage of up to an additional six months at a time.

About the Company:

In this age of "virtual companies" that rely on technology thinly veiled in contract manufacturing and outsource: Nano Chemical Systems, stands apart with in-house nano-research, development and a manufacturing plant, proven efficient against foreign competition, used as a spring board to inject world- class technology to be a "real company" with high growth and high profitability in Nanotechnology enhanced chemical materials markets worldwide. Nano Chemical Systems Holdings, Inc. has a wholly owned subsidiary, Sea Spray Aerosol, Inc., that produces aerosol products for its own formulas and does private labeling for various customers. Sea Spray operates a 36,000 square foot facility that contains offices, research, warehouse and manufacturing operations.

Forward Looking Statements:

Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.

For more information on Nano Chemical Systems Holdings visit: http://www.nanochemicalsystems.com/

For Investor Relations please contact: Redwood Consultants, LLC 415-884-0348

Nano Chemical Systems Holdings, Inc.

CONTACT: Investor Relations, Redwood Consultants, LLC, +1-415-884-0348,
for Nano Chemical Systems Holdings, Inc.

Web site: http://www.nanochemicalsystems.com/

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News archive of November 2009
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