SCO Receives Nasdaq Notice Letter

LINDON, Utah, April 27 /PRNewswire-FirstCall/ -- The SCO Group, Inc. ("SCO") , a leading provider of UNIX(R) software technology and mobile services, today announced it has received a Nasdaq Staff Deficiency Letter on April 23, 2007 indicating that the Company fails to comply with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4310(c)(4). The letter gives SCO notice that the Company's bid price of its common stock has closed under $1.00 for the last 30 business days.

Pursuant to Nasdaq Marketplace Rule 4310(c)(8)(D), the Company has been provided an initial period of 180 calendar days, or until October 22, 2007, to regain compliance. The letter states the Nasdaq staff will provide written notification that the Company has achieved compliance with Rule 4310(c)(4) if at any time before October 22, 2007, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, although the letter also states that the Nasdaq staff has the discretion to require compliance for a period in excess of 10 consecutive business days, but generally no more than 20 consecutive business days, under certain circumstances.

If the Company cannot demonstrate compliance with Rule 4310(c)(4) by October 22, 2007, the Nasdaq staff will determine whether the Company meets The Nasdaq Capital Market initial listing criteria set forth in Nasdaq Marketplace Rule 4310(c), except for the bid price requirement. If the Company meets the initial listing criteria, the Nasdaq staff will notify the Company that it has been granted an additional 180 calendar day compliance period. If the Company is not eligible for an additional compliance period, the Nasdaq staff will provide written notice that the Company's securities will be delisted. At that time, the Company may appeal the Nasdaq staff's determination to delist its securities to a Listing Qualifications Panel.

About SCO

The SCO Group is a leading provider of UNIX software technology and mobile services, offering SCO OpenServer for small-to-medium business, UnixWare for enterprise applications, and Me Inc. for mobile services. SCO's highly innovative and reliable solutions help millions of customers grow their businesses everyday, from SCO OpenServer on main street to UnixWare on Wall Street, and beyond. SCO owns the core UNIX operating system, originally developed by AT&T/Bell Labs and is the exclusive licensor to Unix-based system software providers.

Headquartered in Lindon, Utah, SCO has a worldwide network of thousands of resellers and developers. SCO Global Services provides reliable localized support and services to partners and customers. For more information on SCO products and services, visit http://www.sco.com/.

SCO, SCO OpenServer, Me Inc. and the associated SCO logo are trademarks or registered trademarks of The SCO Group, Inc. in the U.S. and other countries. UNIX and UnixWare are registered trademarks of The Open Group.

The SCO Group, Inc.

CONTACT: Ryan Stephenson of The SCO Group, Inc., +1-801-932-5635,
ryans@sco.com

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

FFI Receives Non-Compliance Notice From Amex

INDIANAPOLIS, April 27 /PRNewswire-FirstCall/ -- Fortune Industries, Inc. announced that it has been notified by the American Stock Exchange ("Amex" or the "Exchange") that it is not in compliance with Section 301 of the Amex Company Guide as a result of the issuance of common stock without prior listing approval from Amex. Amex rules prohibit the issuance of additional shares of a listed class of securities until the issuer has applied for and received approval to list such shares on the Exchange. The Company is working with Amex to ensure that the shares are properly listed with the Exchange.

The transaction in question involved the issuance of 305,883 restricted shares related to the Company's acquisition of Precision Employee Management, LLC. The Company filed the requisite additional listing application on April 25, 2007 and anticipates that the listing application will be processed by Amex within two weeks.

About Fortune Industries, Inc.

Fortune Industries, Inc. operates as a technology-based service company in the United States. It provides technology solutions to businesses in five segments: Wireless Infrastructure, Business Solutions, Transportation Infrastructure, Ultraviolet Technologies and Electronics Integration. The Wireless Infrastructure segment provides turnkey solutions directly to wireless carriers in 20 states and provides other specialty infrastructure services. The Business Solutions segment provides professional employment organization (PEO) services to small and medium sized businesses with up to 1,000 employees in over 44 states including human resource consulting & management, employee assessment, training, and benefits administration. The Transportation Infrastructure segment provides the installation of highway safety products and commercial structural steel. The Ultraviolet Technologies segment provides worldwide state-of-the-art UV ink technology solutions. The Electronics Integration segment provides sales and installation of commercial electronics.

Fortune Industries is based in Indianapolis, Indiana and is publicly traded on the American Stock Exchange under the symbol FFI. Additional information about Fortune Industries, Inc. can be found at http://www.ffi.net/.

This press release and other statements by Fortune Industries, Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as "believe", "expect", "estimate", "potential", or future/conditional verbs such as "will", "should", and "could" or the negative of those terms or other variations of them or by comparable terminology. The absence of such terms, however, does not mean that the statement is not forward-looking. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences, include, but are not limited to, the risks and uncertainties that are discussed under the heading "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" within the Company's Form 10-K for the year ended August 31, 2006. The Company undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. Readers should carefully review the risk factors disclosed within the Company's Form 10-K and other documents filed by the Company with the Securities and Exchange Commission.

Fortune Industries, Inc.

CONTACT: Amy Gallo, Chief Financial Officer of Fortune Industries, Inc.,
+1-317-532-1374

Web site: http://www.ffi.net/

RR Donnelley Board of Directors Declares Quarterly Dividend

CHICAGO, April 27 /PRNewswire-FirstCall/ -- R.R. Donnelley & Sons Company today announced a regular quarterly dividend of 26 cents per common share. The dividend is payable June 1, 2007, to stockholders of record as of the close of business on May 11, 2007.

About RR Donnelley

RR Donnelley is the world's premier full-service provider of print and related services, including business process outsourcing. Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions. For more information, visit the company's web site at http://www.rrdonnelley.com/.

R.R. Donnelley & Sons Company

CONTACT: Investors, Dan Leib, Senior Vice President, +1-312-326-7710,
dan.leib@rrd.com, or Media, Doug Fitzgerald, Executive Vice President,
Marketing & Communications, +1-630-322-6830, doug.fitzgerald@rrd.com , both of
R.R. Donnelley & Sons Company

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

Chatsworth Data Announces Release of Mark-IT(TM) 1200 Optical Mark Reader

CHATSWORTH, Calif., April 27 /PRNewswire-FirstCall/ -- Chatsworth Data Corporation today announced the release of a new, faster, more powerful reader designed for a wide variety of high-speed intelligent data capture applications.

The Mark-IT 1200 is the newest member of Chatsworth Data's 1000 family of compact, low-cost optical mark readers. As the replacement for the company's ACP 100 unit, the Mark-IT 1200 features a next generation microprocessor, twice the scan rate of its predecessor and significantly expanded RAM.

The additional memory, combined with a more powerful command set, result in a high-powered, yet compact, unit that is more flexible in its form-reading capabilities and with a greater degree of mark discrimination capabilities. Capable of being customized to read many types of printed receipts, the unit also offers more control over configuration and data output formats along with a dual roller option.

The Mark-IT 1200 fits easily on or under a desk or countertop, weighs just 2.5 pounds, is portable and occupies a footprint of only 6"x 6." The advanced optics and electronics of the Mark-IT 1200 are highly accurate at reading ink, felt-tip and pencil marks, as well as pre-printed marks. It is also optimized to differentiate between marks that are meant to be captured and paper imperfections such as wrinkles, folds and creases that are not. To maximize the ROI of the low-cost unit, it is designed to operate with forms printed on less expensive paper than many competing units. The unit features an accessible card path to facilitate cleaning the optic area.

Designed to accurately detect marks on scannable forms and transfer the data to any computer via serial interface or USB port for processing by application software, the Mark-IT 1200 features a transaction rate of less than two seconds per form and can scan from 1,500 to 1,800 forms per hour.

The Mark-IT 1200 will be marketed and sold through value added resellers, system integrators and applications developers who embed Chatsworth technology into solutions tailored for several key markets. Chief among them are educational testing, vote tabulation, gaming and medical records management. It is being launched on April 30 in Cairo at Pearson Assessments' International Distributor Conference. Pearson embeds Chatsworth Data OMR technology into solutions sold by itself and its distributors worldwide.

About Chatsworth

Chatsworth Data Corporation is a wholly-owned subsidiary of Chatsworth Data Solutions, Inc. (BULLETIN BOARD: CHWD) . Located in Chatsworth, CA, the company has been trusted worldwide for 35 years as a leading provider of innovative, highly accurate and economically priced intelligent data capture technology. For more information, see http://www.chatsworthdata.com/.

Forward Looking Statements

This release and other materials released by the company from time to time contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, the company's management as well as estimates and assumptions made by the company's management. When used in the materials the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan" or the negative of these terms and similar expressions as they relate to the company or the company's management identify forward looking statements. Such statements reflect the current view of the company with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the sections of the company's reports filed or to be filed with the Securities and Exchange Commission entitled "Risk Factors") relating to the company's industry, the company's operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Although the company believes that the expectations reflected in the forward looking statements are reasonable, the company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the company does not intend to update any of the forward-looking statements to conform these statements to actual results. The following discussion should be read in conjunction with the company's reports filed with the Securities and Exchange Commission.

Chatsworth Data Corporation

CONTACT: Ginger Juhl of Juhl Communications, +1-720-200-4082,
ginger@juhlcommunications.com, for Chatsworth Data Corporation

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

Optelecom-NKF Announces First Quarter 2007 Earnings Release Date and Conference Call

GERMANTOWN, Md., April 27 /PRNewswire-FirstCall/ -- Optelecom-NKF, Inc. , a leading global provider of advanced IP-video network solutions, today announced it will release first quarter 2007 earnings after the market close on Wednesday, May 2, 2007.

Optelecom-NKF president and CEO Edmund Ludwig will lead a conference call to discuss first quarter 2007 results at 10:00 a.m. Eastern Time, Thursday, May 3, 2007.

Interested parties are welcome to call 866-831-5605 (International Dial In: 617-213-8851) and request the "Optelecom-NKF conference call" shortly before the designated start time. The telephone conference call will feature a question and answer segment with management. For those parties unable to participate in the live conference call, a replay will be available from noon following the teleconference until May 10, 2007. Those wishing to listen to the replay should call 888-286-8010 (International Dial In: 617-801-6888) and enter reservation number 32753111 when prompted.

The call is being web cast and can be accessed at http://www.earnings.com/. About Optelecom-NKF, Inc.

Optelecom-NKF, Inc. is a global supplier of network video equipment, including video servers, Ethernet switches, fiber optic systems and video management software. It delivers solutions for traffic management and security in airports, seaports, public transport, public space, industry parks, and buildings.

Founded in 1972, the Company's R&D centers have accumulated extensive knowledge of fiber optic and IP/Ethernet network technologies. Optelecom-NKF supplies top-quality equipment and is committed to providing its customers with expert technical advice and support. All products are developed and tested for LAN and WAN applications.

Optelecom-NKF has offices in the US, the Netherlands, France, Spain, the UK, and Singapore, and expertise centers in the US and Europe.

Investor inquiries should be directed to Mr. Rick Alpert at 301-948-7872.

Optelecom-NKF, Inc.

CONTACT: Mr. Rick Alpert of Optelecom-NKF, Inc., +1-301-948-7872

Web site: http://www.optelecom-nkf.com/

Motorola Phones Held Not to Infringe University of Texas System Patent

SCHAUMBURG, Ill., April 27 /PRNewswire-FirstCall/ -- Motorola, Inc. has obtained an order granting summary judgment of non- infringement in a patent case brought by the Board of Regents of the University of Texas System ("University of Texas System"). The Federal District Court for the Western District of Texas issued an order finding that certain Motorola handsets do not infringe U.S. Patent No. 4,674,112 ("the '112 patent").

University of Texas System, represented by Michael W. Shore of the Dallas law firm of Shore Chan Bragalone, has asserted the '112 patent against Motorola and over 30 additional handset manufacturers. Shore has claimed that the '112 patent covers software used for text messaging on nearly all mobile handsets and that University of Texas System is owed hundreds of millions of dollars in damages. In rejecting Shore's claims, the Court found that University of Texas System is trying to interpret the claims of the '112 patent in a manner inconsistent with what University of Texas System's lawyers told the Patent Office in order to obtain the grant of the '112 patent. "Plaintiff cannot have it one way at prosecution and another way during infringement litigation," the Court stated.

Although the Court's ruling is limited to certain Motorola products, the parties have subsequently agreed that all other accused products are subject to the same ruling. This agreement is expected to result in a complete dismissal of the case, although University of Texas System may appeal.

"Motorola is extremely gratified that our belief in the non-infringement of our products has been vindicated, but we are frustrated that University of Texas System's ambush litigation tactics have caused the parties to spend millions of dollars to reach this point," said Jonathan P. Meyer, senior vice president for Intellectual Property Law, Motorola, Inc. "The University waited silently for many years while Motorola and many other companies developed text-entry technology for mobile phones, then claimed millions of dollars in damages only as the patent expired," Meyer said.

Motorola will defend the Court's ruling aggressively in the event that University of Texas System files an appeal and looks forward to a final conclusion that will free Motorola's products from these ill-conceived allegations of infringement.

About Motorola

Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of seamless mobility, the people of Motorola are committed to helping you connect simply and seamlessly to the people, information and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $42.9 billion in 2006. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO
http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Motorola, Inc.

CONTACT: Juli Burda of Motorola, Inc., +1-847-538-5625, or
Juli.Burda@motorola.com

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

Southern Company Vice President and CIO Receives Woman of the Year Award from Women in Technology Organization

ATLANTA, April 27 /PRNewswire-FirstCall/ -- Marie Mouchet, vice president and chief information officer of Southern Company Generation, Southern Nuclear and Southern Power has received the 2007 Woman of the Year in Technology award from the Women in Technology organization.

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

The Women in Technology organization award recognizes women in technology or scientific leadership positions within technology or non-technology organizations, and women holding business leadership positions in technology. Mouchet received the top award for the enterprise business category. Winners in this category are employed by companies or organizations in Georgia that have more than 1,000 employees and have budgetary responsibility within their organization.

"This is a well deserved honor, and we are proud that Marie has received this award," said Becky Blalock, Southern Company senior vice president and chief information officer. "Marie is one of those people you love having on your team. She dedicates herself to being a role model and mentoring others. Our team and the entire company benefit from Marie's work and her efforts in building future leaders."

Mouchet, who joined Southern Company in 1982, has held various positions within the company including roles in regulatory, financial services, public relations, marketing, sales and generation. She currently leads the development and implementation of IT strategy and operations across the power generation and nuclear business in Southern Company. Her role provides strategic and tactical planning and direction of information technology for new plant acquisitions, new nuclear plant developments, a real-time trading floor, the engineering and construction organization, and the daily operation of IT infrastructure that makes electric generating plants run.

In addition to her professional accomplishments, the former teacher is active in various community and mentoring organizations. Mouchet serves on the advisory council for Gwinnett Technical College where she helps influence curriculum for the college and other institutions in Georgia. In 2004, she was also selected by the International Women's Forum as one of 14 women worldwide to participate in the Leadership Foundation Program, an internationally acclaimed training and personal development program. Mouchet is involved in leadership roles with the United Way, the Red Cross, Sheltering Arms Child Development Organization, and Energy Insights Council, a national organization whose members include business executives of utilities and CIOs.

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: Amoi S. Geter, Southern Company, +1-404-506-5333, or
+1-866-506-5333, or media@southerncompany.com

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

Third-Order Nanotechnologies Featured in EQUITIES Magazine

WILMINGTON, Del., April 27 /PRNewswire-FirstCall/ -- Third-Order Nanotechnologies, Inc. reports that it is featured in the April edition of EQUITIES Magazine available now at newsstands and booksellers nationwide.

Covering the most exciting companies in the small and mid-cap markets, EQUITIES Magazine readers include some of the financial community's most savvy and respected investment professionals -- including corporate executives, market makers, traders, fund managers, institutional investors, portfolio managers, stockbrokers, analysts and sophisticated individual investors.

About Third-Order Nanotechnologies

Third-Order Nanotechnologies is emerging from a development stage research and development company with commercial introduction of its high-activity, high-stability organic polymers for applications in electro-optic and all- optical device markets. Electro-optic devices convert data from electric signals into optical signals for use in high speed communications systems and in optical interconnects for high-speed data transfer. All-optic devices, while still some time from commercial application, control the flow of light with optical (not electric) signals.

Safe Harbor Statement

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

Third-Order Nanotechnologies, Inc.

CONTACT: Third-Order Nanotechnologies, Inc., goetz@third-order.com

VSE Reports First Quarter 2007 ResultsRevenues Increase 91%, Net Income Up 84%

ALEXANDRIA, Va., April 27 /PRNewswire-FirstCall/ -- VSE Corporation reported consolidated financial results for the three months ended March 31, 2007 and 2006, as follows:

VSE Corporation and Subsidiaries Consolidated Statements of Income (unaudited) (dollars in thousands, except share data) Three months ended March 31, 2007 2006 Revenues, principally from contracts $120,689 $63,300 Costs and expenses of contracts 116,248 60,912 Gross profit 4,441 2,388 Selling, general and administrative expenses 151 123 Interest (income), net (116) (137) Income before income taxes 4,406 2,402 Provision for income taxes 1,677 917 Net income $2,729 $1,485 Earnings per share: Basic $1.14 $.63 Diluted 1.12 .61 Weighted average shares outstanding: Basic 2,403,712 2,361,261 Diluted 2,444,767 2,433,317 Financial Results

Commenting on the financial results, VSE Chairman, President and CEO/COO Don Ervine said, "During the first quarter of 2007 compared to the same quarter of 2006, VSE revenues increased primarily due to an increase in subcontract revenues under VSE's Rapid Response (R2) contract to provide maintenance and logistics services supporting U.S. Army operations in Iraq and Afghanistan, our new Treasury Seized Property Management prime contract, increased production under our Tanker Ballistic Protection System (TBPS) contract, and an increase in the volume of equipment refurbishment work performed for elements of the U.S. Army, Army Reserve, and Army National Guard."

"Net income for the first quarter of 2007 increased compared to the first quarter of 2006 primarily due to the profits associated with the TBPS program, the increase in R2 subcontract revenues, the new Treasury Seized Property Management work, and the increase in Army Reserve equipment refurbishment services."

"Bookings for the most recent quarter were strong at about $205 million compared to quarterly revenues of about $121 million, resulting in funded backlog of about $384 million at March 31, 2007. This compares favorably to a funded backlog of about $299 million at December 31, 2006, and about $262 million for the year-ago quarter. We believe these indicators are positive for our continued growth for the remainder of 2007. We look forward to reporting on our progress as the year proceeds."

Safe Harbor

This news release contains statements which, to the extent they are not recitations of historical fact, constitute "forward looking statements" under federal securities laws. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward looking statements in this news release, see VSE's public filings with the Securities and Exchange Commission.

VSE provides diversified services to the engineering, energy and environment, defense, and homeland security markets from more than 20 locations across the United States and around the world. For more information on VSE services and products, please see the Company's web site at http://www.vsecorp.com/ or contact Len Goldstein, Director of Business and New Product Development, at (703) 317-5202.

News Contact: C. S. Weber, CAO, (703) 329-4770

VSE Corporation

CONTACT: C. S. Weber, CAO of VSE Corporation, +1-703-329-4770

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

Next Inning Technology Updates Outlooks for Atmel, Power-One, Harmonic, and QuickLogic

PRINCETON, N.J., April 27 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it has published updated outlooks for Atmel , Power-One , Harmonic , and QuickLogic .

New subscribers will also receive Next Inning's Q1 State of Tech report, a $149 value, free when they sign up for a complimentary 21-day trial subscription to Next Inning. In its entirety, the State of Tech report is nearly 100 pages chock-full of charts, tables, and actionable investment commentary:

https://www.nextinning.com/subscribe/index.php?refer=prn471

In his earnings review, Editor Paul McWilliams wrote: "While we can accurately say that Harmonic has now posted at least temporary material declines in six out of the last six Aprils, we can also say that Harmonic has accomplished something new with its first quarter report; Harmonic has now posted three straight profitable quarters under the leadership of Patrick Harshman..."

McWilliams also looks at these topics:

-- Did Harmonic's first-quarter report include any major setbacks, or does the current weakness in Harmonic's share price present a buying opportunity for investors?

-- Does McWilliams believe that the risks associated with Atmel's management struggle outweigh the potential rewards to be had by investing in the stock?

-- Does McWilliams have a bullish view of Power-One right now?

-- Why does McWilliams describe the QuickLogic story as "abundantly simple?" Does the stock present a favorable balance of risk and reward for investors?

Founded in September 2002, Next Inning's model portfolio has returned 287% since its inception versus 97% for the Nasdaq.

About Next Inning:

Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.

NOTE: This release was published by Indie Research Advisors, LLC (CRD #131926), a registered investment advisor with the NASD and State of NJ. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

CONTACT: Marcie Martin Next Inning Technology Research, +1-888-278-5515

Indie Research Advisors, LLC

CONTACT: Marcie Martin of Next Inning Technology Research,
+1-888-278-5515

Web site: http://www.findprofit.com/
http://www.nextinning.com/

Special Counsel to Exhibit at the Association of Legal Administrators 36th Annual Educational Conference and Exposition

JACKSONVILLE, Fla., April 27 /PRNewswire-FirstCall/ -- Special Counsel(R), the legal staffing unit of MPS Group, Inc. , today announced that it will exhibit at the Association of Legal Administrators (ALA) 36th Annual Educational Conference and Exposition, to be held in Las Vega, Nevada, April 30 - May 3, 2007.

The ALA is dedicated to enhancing the experience and professionalism of legal administrators through educational programs, products, and services. The conference expects to draw over 1,700 of the legal industry's top decision-makers from law firms and offices of every size throughout the world.

Special Counsel will have representatives available during the exposition at booth 434 to discuss customized staffing for temporary and direct-hire placement of legal personnel. Services include workload management, litigation support, and business transaction support, as well as Concise(R) deposition summary services, medical document review and court reporting through Alderson(R).

For more information about the Association of Legal Administrator's 36th Annual Educational Conference and Exposition, visit http://www.alanet.org/conf.

About Special Counsel

Special Counsel is the largest provider of legal staffing services to corporate legal departments and law firms nationwide, including 99 of the 100 largest law firms in the United States. Special Counsel services include customized staffing and project management for e-discovery and document review projects of any size and location, as well as providing experienced legal professionals for general workload management, litigation support, and business transaction support. Specialized services include permanent placement of legal professionals at all levels, medical document review, Concise(R) deposition digesting, and court reporting services through Alderson Reporting. For more information, visit http://www.specialcounsel.com/.

About MPS Group

MPS Group is a leading provider of staffing, consulting, and solutions in the disciplines of information technology, finance and accounting, law, engineering, and healthcare. MPS Group delivers its services to government entities and businesses in virtually all industries throughout the United States, Canada, the United Kingdom, and Europe. A Fortune 1000 company with headquarters in Jacksonville, Florida, MPS Group trades on the New York Stock Exchange. For more information about MPS Group, please visit http://www.mpsgroup.com/.

MPS Group, Inc.

CONTACT: Tyra Tutor, Senior Vice President of Corporate Development, MPS
Group, Inc., +1-904-360-2500, tyra.tutor@mpsgroup.com

Web site: http://www.mpsgroup.com/
http://www.alanet.org/conf
http://www.specialcounsel.com/

Lionbridge General Counsel Peggy Shukur Named 'In-House Leaders of the Law'

WALTHAM, Mass., April 27 /PRNewswire-FirstCall/ -- Lionbridge Technologies, Inc. today announced that Peggy Shukur, Vice President, General Counsel and Secretary, was recognized as an In-House Leaders of the Law. The award is presented by New England In-House and Massachusetts Lawyers Weekly for the first time to honor a select group of in-house counsel for their outstanding professional accomplishments and contributions to their community. The award recognizes Ms. Shukur for her legal talents, the depth and breadth of her knowledge and experience, her practical business judgment, and her unparalleled client service.

Ms. Shukur was selected as an In-House Leaders of the Law by an independent panel of in-house lawyers as one who possesses the "utmost integrity" and "an uncanny ability to inspire and lead." Her selection was also based on her innovative and practical business and legal skills, and in recognition of her long-standing contributions to her community and profession.

The award was presented at a gala awards dinner hosted by two prominent legal publications, New England In-House and Massachusetts Lawyers Weekly. The keynote speaker was Wayne A. Budd, senior counsel at Goodwin Procter, and former U.S. Attorney for the District of Massachusetts.

Since joining Lionbridge in 2000, Ms. Shukur has been responsible for managing Lionbridge's worldwide legal affairs across the company's more than 4300 employees in 25 countries. As a member of Lionbridge's Corporate Leadership Team, she is a valued contributor in the strategic and business affairs of the Company. Ms. Shukur, who has nearly 20 years of experience in both private practice and in senior in-house positions, most recently played a critical role in structuring, negotiating and closing Lionbridge's acquisition of Bowne Global Solutions in 2005, and the subsequent integration of entities in 25 countries.

About Lionbridge

Lionbridge Technologies, Inc. is a leading provider of globalization and testing services. Lionbridge combines global onshore, near shore and offshore resources with proven program management methodologies to serve as an outsource partner throughout a client's product and content lifecycle - from development to globalization, testing and maintenance. Global organizations in all industries rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 25 countries and provides services under the Lionbridge(R) and VeriTest(R) brands. To learn more, visit http://www.lionbridge.com/.

Lionbridge, Freeway, and Logoport are trademarks or registered trademarks of Lionbridge Technologies, Inc. in the U.S. and throughout the world. All other trademarks are the property of their respective owners.

Contact: Sara Buda Jason King Lionbridge Lois Paul & Partners (781) 434-6190 (781) 782-5793 sara.buda@lionbridge.com jason_king@lpp.com

Lionbridge Technologies, Inc.

CONTACT: Sara Buda of Lionbridge Technologies, Inc., +1-781-434-6190,
sara.buda@lionbridge.com; Jason King of Lois Paul & Partners, +1-781-782-5793,
jason_king@lpp.com, for Lionbridge Technologies, Inc.

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

STMicroelectronics Confirmed Again as World's Number One Supplier of EEPROMsiSuppli analysis for 2006 shows ST extends three-year lead with 25% market share and 22% increase in volume shipped

GENEVA, April 27 /PRNewswire-FirstCall/ -- STMicroelectronics today announced continued worldwide leadership of the Serial EEPROM market in 2006 - the third successive year - according to market intelligence organization iSuppli*. The iSuppli analysis reports ST with a 2006 market share of 25%, substantially ahead of its nearest competitor, and an increase in sales value of 17.8% despite falling prices. Products contributing to the $278 million sales total include Serial EEPROM devices, memory cards, and RFID tags.

ST performed excellently in 2006 compared to its main competitors, reaching a production volume of 1.7 billion serial EEPROM devices - an increase of more than 22% over 2005. Commenting on the iSuppli results, Benoit Rodrigues, General Manager of ST's EEPROM Division, said: "We are still the solid leader in EEPROM, with around 25% of the world market, and 2006 sales that were $50 million more than our nearest competitor."

Rodrigues attributes ST's success in the market to its policy of continuous improvement in EEPROM technology and manufacturing efficiency and in package innovation, coupled with a long-term commitment to the market that has generated customer confidence. Thanks to its advanced technologies, ST now offers the world's fastest and highest-density ranges of standard EEPROMs, available in the smallest and most cost-efficient packages. The Company's major strengths have been the wide product range - with three bus types, and densities up to 1-Mbit now being introduced in the I2C and SPI interface families - and unrivalled production efficiency, using a sub-micron process technology that delivers top-class performance and serves as a reference standard in the industry, in particular in automotive.

ST's Serial EEPROM devices are used across all market segments, especially in automotive - where they are specified to operate in the -40 to +125 degree C temperature range and comply with the High Reliability Certified Flow (HRCF) standard - and in communications, consumer electronics, industrial and personal computer applications. Gaming, LCD modules, digital TVs and wireless- LAN were particularly strong areas in 2006.

The memory portfolio spans a full range from general-purpose memory chips to application-specific EEPROMs, developed in cooperation with major OEMs driving the development of new markets. ST has a considerable advantage in this area, compared to other memory suppliers, through its strategic alliances with key players in the major market segments. ST's Application Specific Memories (ASMs) are built on a common non-volatile technology platform, allowing different memory types - OTP, ROM and EEPROM - to be combined on a single chip and to use a range of interfaces.

EEPROMs (Electrically Erasable Programmable Memories) are non-volatile memories that can be electrically rewritten. They offer fine granularity and high flexibility, with byte or page-level updates taking less than 10msec. Their Write/Erase endurance is at least 1 million cycles, more than enough for most applications, making them ideally suited to the storage of parameter information that needs to be updated regularly. Serial EEPROMs use a fast serial interface instead of the traditional parallel interface, and now dominate the EEPROM market. They use the same tiny 8-pin packages for all memory densities, simplifying design for manufacturers and enabling easy memory upgrades.

About STMicroelectronics

STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2006, the Company's net revenues were $9.85 billion and net earnings were $782 million. Further information on ST can be found at http://www.st.com/.

* iSuppli Final 2006 Semiconductor Market Report, published Q1 2007

STMicroelectronics

CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959,
michael.markowitz@st.com

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

Verizon Communications to Report Earnings on April 30

NEW YORK, April 27 /PRNewswire/ -- Verizon Communications Inc. will report first-quarter 2007 earnings on Monday, April 30.

Doreen Toben, Verizon executive vice president and chief financial officer, will present results on a webcast beginning 8:30 a.m. Eastern time. Ivan Seidenberg, Verizon chairman and chief executive officer, and Dennis Strigl, Verizon president and chief operating officer, will also take part in the discussion. Access instructions and presentation materials, including Verizon's earnings release, will be available by 7:30 a.m. on Verizon's Investor Relations Web site, http://www.verizon.com/investor.

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 Communications Inc.

CONTACT: Bob Varettoni of Verizon Communications, +1-908-559-6388,
robert.a.varettoni@verizon.com

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

Company News On-Call: http://www.prnewswire.com/comp/618232.html

Verizon Wireless Seeks to Expand Local Workforce at Job Fair in Somerset County Next WeekGrowth in Hispanic Population and Customer Base Fuels Search for Bilingual Employees

MORRISTOWN, N.J., April 27 /PRNewswire-FirstCall/ -- Verizon Wireless, America's leading wireless provider, is seeking highly-qualified applicants to fill customer-facing positions now available in the company's business sales, telesales and Communications Store teams throughout the New York Metro area. Locally, the company hired more than 800 employees last year to keep pace with the growing demand for its wireless voice and data products and services.

The Somerset County job fair will take place Tuesday, May 1, from 10 a.m. to 3 p.m., at the Garden State Exhibit Center at 50 Atrium Drive in Somerset, located off exit 10 of I-287.

Among the new full-and part-time employees being sought are English- Spanish speaking candidates to meet the needs of the New York Metro area's growing Hispanic population.

Verizon Wireless consistently ranks as one of the best places to work in the United States. For example, for six consecutive years, Verizon Wireless has been named to both Working Mother Magazine's "100 Best Companies for Working Mothers" list, and to Training Magazine's annual list of "Top 100 Training Organizations in America." This year, the company ranked in the top 10. (For more information visit http://aboutus.vzw.com/awards2006.)

The company offers highly competitive salaries and benefits that include health care coverage that begins on the first day of employment, a 401(k) program with dollar-for-dollar matching of up to six percent of the employee's salary contribution, profit-sharing, tuition reimbursement for continuing education and long-term incentive plans. Employees also can take advantage of numerous opportunities for career advancement.

Job requirements include one-to-two years of retail sales or service experience. A college degree is highly desirable. To learn more, interested candidates may visit the company's website at http://www.verizonwireless.com/careers.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 59 million customers. The largest US wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, NJ, with 65,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: David Samberg, +1-845-365-7212,
david.samberg@verizonwireless.com, Kimberly Ancin, +1-845-429-3839,
kimberly.ancin@vivianipr.com, for Verizon Wireless

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

Northport Boy Scout Named Verizon Wireless HopeLine Hero$1000 Donated to Local Domestic Violence Prevention Group in His Honor

EAST NORTHPORT, N.Y., April 27 /PRNewswire/ -- Sixteen-year-old Boy Scout Daniel Pucillo today was named a Verizon Wireless HopeLine(R) Hero in recognition of his outstanding contribution to the company's HopeLine phone recycling program which turns no-longer-used cell phones into grants and services for survivors of domestic violence. In recognition of Pucillo's accomplishment, Verizon Wireless donated $1000 to Brighter Tomorrows of Suffolk County.

John Kalinowski, zone manager for the company's Long Island Communications Stores, presented Pucillo with a plaque and Brighter Tomorrows' Executive Director Rose Cicchetti with a check for $1000, donated in his name. Brighter Tomorrows is one of the area's leading providers of safe haven and caring services to battered and abused women and their children.

Verizon Wireless was the first wireless carrier in the nation to collect and recycle old cell phones and has done so since January 1999 - first in New York and then across the U.S. Residents can drop off old wireless phones, batteries and accessories, from any wireless provider, at Verizon Wireless Communications Stores throughout the area. The wireless equipment is refurbished or recycled in an environmentally sound manner and the proceeds benefit domestic violence survivors. To date, consumers across the country have donated more than 3.5 million phones, and HopeLine has given $3 million in cash grants to aid domestic violence survivors.

Going above and beyond a simple donation, HopeLine Hero Pucillo collected more than 100 wireless phones at Penn Station in New York City over a three- week period in December, and personally brought the phones to the Verizon Wireless Communications Store in East Northport. A Boy Scout since age eight with East Northport Troop 5, Pucillo's HopeLine contribution enabled him to complete his Life Project. He now is working to earn the Eagle Scout rank.

"Our HopeLine program is effective because of caring individuals like Daniel Pucillo," said Kalinowski. "It takes time, energy and effort to organize and execute wireless phone drives. We created the HopeLine Hero Award to express our gratitude to dedicated people like Daniel who go out of their way to support the program and the domestic violence survivors it benefits."

Founded in 1986, Brighter Tomorrows of Suffolk County offers emergency shelter and transitional housing to battered and abused women and their children, as well as counseling and support services. In addition to providing a $1000 grant to Brighter Tomorrows in Pucillo's honor, the HopeLine program has helped other local domestic violence agencies including the Suffolk County Coalition Against Domestic Violence and Safe Harbor Shelter.

For Verizon Wireless Communication Store locations and additional information on the HopeLine program, visit http://www.verizonwireless.com/hopeline.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 59 million customers. The largest US wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, NJ, with 65,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: David Samberg, +1-845-365-7212,
david.samberg@verizonwireless.com, or, Kimberly Ancin, +1-845-429-3839,
kimberly.ancin@vivianipr.com, both for Verizon Wireless

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

China Datacom Corporation Enters into a Share Exchange Agreement Filed

BEIJING, April 27 /Xinhua-PRNewswire/ -- China Datacom Corporation (PINKSHEET: CDPN.PK) (''CDPN'') today announced that its 100% controlled subsidiary Supremacy International Limited (''Supremacy''), a BVI registered company has entered into a Share Exchange Agreement (the ''Agreement'') with all the shareholders of General Link Information System Co., Ltd (respectively, ''General Link'' and the ''General Link Shareholders''), a corporation organized under the laws of People's republic of China, whereby Supremacy is acquiring and General Link Shareholders are exchanging all of the outstanding securities of General Link. According to the Agreement, General Link will become 100% owned company under Supremacy's controlling. General Link is located in Beijing, China. It is a GPS operator and wireless application software developer in transportation industry.

General Link was founded in March 2004; and has strategically partnered with China Unicom in September 2004. It is a general integrator and service provider of China Unicom in transportation industry applications, and has created New Wireless Horizon for Transportation (NWHT), the sole brand based on CDMA network in transportation industry applications. IDC rooms have been set up in Guangdong and Guangxi. The NWHT has covered 8 provinces in South China, such as Guangdong, Guangxi, Fujian, Yunnan, Guizhou, Hunan, Guizhou and Zhejiang. 1,010 vehicles have been connected into the network.

General Link takes up service advantages in Chinese GPS market . It manages, serves and operates the only GPS vehicle monitoring and management system in China. There are two major operators in wireless communications network in China. They are China Unicom and China Mobile. General Link is the only operator in GPS transportation industry applications in cooperation with China Unicom all over the country. China Mobile has no such nationwide operator in GPS transportation industry applications. General Link designs and owns the only GPS system certified by a committee comprising of nation- level experts. It is the only GPS operator adopting TGIS. TGIS data is compliant with the standard recognized by the Ministry of Communications.

In recent years, there is a great demand for GPS location-based services in Chinese transportation industry. By the end of 2005, there were less than 100,000 vehicles with car navigation devices in China, more than 60% of which were private vehicles, with a rate of less than 1% in a total of 30 million vehicles. However, 59% and 2% of vehicles are equipped with car navigation systems in Japan and the Western countries. Upgraded requirements in vehicle operations and monitoring will challenge the logistic and transportation industries in North China as a result of the upcoming 2008 Beijing Olympics Games. According to the requirements of Chinese administrative bureaus at various levels, advanced devices such as GPS have to be installed on vehicles for passenger and dangerous goods transport to maintain secure transportation.

General Link will strive for coverage of the whole nation by the NWHT by completing setup of IDC rooms in Jiangsu, Fujian and Hebei in the next 3 years. It will also attempt to become the largest GPS service provider after 3 years, with a total of more than 40,000 vehicles based on GPS services.

About China Datacom Corporation

China Datacom Corporation (the ''Company'', ''CDPN''), a corporation incorporated in the State of Nevada. Its 100% controlled subsidiary Supremacy International Limited, a BVI registered company has entered into the Share Exchange Agreement with General Link Information System Co., Ltd (''General Link''). According to the Agreement, Supremacy International Limited will acquire all the shares of General Link and it will become the wholly controlled company which 100% controls General Link. Incorporated in 2004, General Link Information System Co., Ltd (''General Link'') is a wireless service provider to apply the Location Bases Services (LBS) to a wide range of consumers in China. By cooperating with China Unicom, a dominate telecommunications operator in China, General Link has established its logistics distribution service platform with the name of New Wireless Horizon of Transportation and Logistic, a sub-brand of Unicom New Horizon, offering its LBS related information service -- Global Positioning System (GPS) logistics management system to its customers especially the logistics companies based on helping people address their locations and suggesting the best route to reach a designated location. Since October of 2006, General Link has built up its regional centers across the biggest provinces in South China such as Guangxi, Guangdong and Fujian, soon at least 10 provinces will be covered. In the near future, General Link is focused on its business shifts to a virtual operator through Horizon wireless solutions, striving to be an intellectual and leading integrated LBS communication service provider to transform the customers' lives and businesses.

More information is available at http://www.datacomchina.com/ . Forward-looking Statements

This report 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. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese, European and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.

The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.

China Datacom Corporation

CONTACT: The IR Manager of China Datacom Corporation, sanncyzeng@163.com

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

eCollege(R) to Present at the Robert W. Baird Growth Stock Conference

CHICAGO, April 27 /PRNewswire-FirstCall/ -- eCollege(R) , a leading provider of value-added information services to the post-secondary education industry, will present at the upcoming Robert W. Baird 2007 Growth Stock Conference at the Four Seasons Hotel in Chicago, IL.

eCollege will present on Tuesday, May 8, 2007 at 2:30 p.m. Central time (3:30 p.m. Eastern time). A live webcast of the presentation will be available through the Investor Relations section of eCollege's Web site at http://www.ecollege.com/. Additionally, the archived webcast will remain available for the next 90 days.

About eCollege

eCollege is a leading provider of value-added information services to the post-secondary and K-12 education industries. The Company's eLearning Division designs, builds and supports some of the most successful, fully online degree, certificate/diploma and professional development programs in the country. The Company's Enrollment Division, Datamark, Inc., helps institutions build new enrollments and increase student retention. Customers include publicly traded for-profit institutions, community colleges, public and private universities, school districts and state departments of education. eCollege was founded in 1996 and is headquartered in Chicago, with the eLearning Division headquartered in Denver. Datamark was founded in 1987 and is headquartered in Salt Lake City. For more information, visit http://www.ecollege.com/ and http://www.datamark.com/.

eCollege is a registered trademark of eCollege.

eCollege

CONTACT: Kristi Emerson of eCollege, +1-303-873-3788,
kristie@eCollege.com

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

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

TI Introduces Two-Stage Current Sense Monitors for Filtered Current SensingDevices Ease Current Measurement Designs in Automotive, Motor Control and Power Management Applications

DALLAS, April 27 /PRNewswire-FirstCall/ -- Texas Instruments Incorporated (TI) today introduced a pair of voltage-output, high-side current sense monitors with a wide common-mode input range of -16V to +80V. The INA270 and INA271 also feature a two-stage architecture to ease the design of circuits requiring additional filtering of the current signal. The devices are especially suited for current measurement applications in automotive, motor control, power management and battery charging. (See http://www.ti.com/sc07083.)

In addition to solving the challenging problem of measuring small shunt drops residing at high common-mode voltages, filter networks can be included between the two stages of the INA270 and INA271 to preserve the buffered voltage output. As a result, no additional amplifiers are required when driving analog-to-digital converters or low impedance loads.

The extended common-mode inputs of the INA270 and INA271 cover the range from automotive battery reversals at -16V to beyond automotive transient overshoot requirements at +80V. All this is available while being powered by single-supply voltages from +2.7V to +18V.

The devices also feature high accuracy (3 percent maximum error over temperature), wide bandwidth (130kHz), low quiescent current (900uA maximum) and specification over a -40C to +125C temperature range. Two gains are available: the INA270 at a gain of 14 and the INA271 at a gain of 20. Additional applications for the INA270 and INA271 include telecommunications, notebook computers, welding equipment, and test and measurement.

Available Today

The INA270 and INA271 are available now from TI and its authorized distributors. The devices are available in SO-8 packages and are priced from $0.80 in 1,000-piece quantities (suggested resale pricing).

TI offers analog engineers a wide-ranging support infrastructure that includes training and seminars, design tools and utilities, technical documentation, evaluation modules, an online KnowledgeBase, a product information hotline and a comprehensive offering of samples that ship within 24 hours of request. For more information on TI's complete analog design support, and to download the latest Amplifier and Data Converter Selection Guide, visit http://www.ti.com/analog.

About Texas Instruments

Texas Instruments Incorporated provides innovative DSP and analog technologies to meet our customers' real world signal processing requirements. In additional to Semiconductor, the company includes the Education Technology business. TI is headquartered in Dallas, Texas, and has manufacturing, design or sales operations in more than 25 countries.

Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at http://www.ti.com/.

Please refer all reader inquiries to: Texas Instruments Incorporated Semiconductor Group, SC-07083 Literature Response Center 14950 FAA Blvd. Fort Worth, TX 76155 1-800-477-8924 Trademarks

All registered trademarks and other trademarks belong to their respective owners.

Photo: http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com Texas Instruments Incorporated

CONTACT: Kris Thompson of Texas Instruments Incorporated,
+1-520-746-7441, k-thompson2@ti.com; or Jacqi Moore of GolinHarris,
+1-972-341-2514, jmoore@golinharris.com, for Texas Instruments Incorporated.
Please do not publish these phone numbers or e-mail addresses.

Web site: http://www.ti.com/
http://www.ti.com/analog
http://www.ti.com/sc07083

RISCO Extends Tender Offer for International Electronics, Inc.

BOSTON, April 27 /PRNewswire/ -- Rokonet Industries, U.S.A., Inc., a wholly-owned subsidiary of RISCO Ltd. (RISCO), announced today that it has extended its $3.50 per share cash tender offer for all of the common stock of International Electronics, Inc. (IEI) (BULLETIN BOARD: IEIB) not already owned by it or its subsidiaries to 5:00 P.M., New York City time, on Monday, May 21, 2007. The tender offer was previously set to expire at 12:00 Midnight, New York City time, on Thursday, April 26, 2007. The extension of the tender offer is intended to provide additional time for IEI to convene a special meeting of its stockholders that RISCO demanded under the Massachusetts Control Share Acquisition Statute to approve voting rights of any IEI shares RISCO may acquire in its offer. IEI has indicated that it intends to hold a stockholders meeting on May 18, 2007 for such purpose.

As of the close of business on April 26, 2007, approximately 244,019 IEI shares had been tendered in and not withdrawn from the offer.

MacKenzie Partners, Inc. is the Information Agent for RISCO's tender offer and any questions or requests for the Offer to Purchase and related materials with respect to the tender offer may be directed to MacKenzie Partners, Inc.

Additional Information and Where to Find It

This communication may be deemed to be solicitation material in respect of the solicitation of proxies of Rokonet Industries, U.S.A., Inc. from stockholders of IEI in connection with the special meeting of IEI stockholders expected to be held on May 18, 2007. Rokonet Industries, U.S.A., Inc. has filed a definitive proxy statement on Schedule 14A. IEI STOCKHOLDERS SHOULD READ THOSE MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION REGARDING RISCO'S PROPOSAL. Stockholders will be able to obtain the proxy statement and related materials with respect to the special meeting free at the SEC's website at http://www.sec.gov/ or from Rokonet Industries, U.S.A., Inc. by contacting Mackenzie Partners, Inc. toll free at 1-800-322-2885 or collect at 1-212-929-5500 or via email at proxy@mackenziepartners.com.

The offer to buy IEI common stock is only being made pursuant to an offer to purchase and related materials that Rokonet Industries, U.S.A., Inc. has filed with the SEC. IEI STOCKHOLDERS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER. Stockholders will be able to obtain the offer to purchase and related materials with respect to the tender offer at the SEC's website at http://www.sec.gov/ or from Rokonet Industries, U.S.A., Inc. by contact Mackenzie Partners, Inc. toll free at 1-800-322-2885 or collect at 1-212-929-5500 or via email at proxy@mackenziepartners.com.

Participants in Solicitation

Rokonet Industries, U.S.A., Inc. and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the holders of IEI common stock in respect of the proposed special meeting of stockholders. Certain information about such persons and their interest in the solicitation will be contained in the proxy statement regarding the special meeting, when it becomes available.

RISCO Ltd.

CONTACT: Bob Marese, +1-212-929-5045, Lex Flesher, +1-212-929-5397, both
of MacKenzie Partners, Inc., for RISCO Ltd.

Salesforce.com Foundation Honored by YMCA of San Francisco With 2007 Building Strong Communities AwardRecognized for Contributions to the New Playground for Children of Bayview Hunter's Point, the Salesforce.com Foundation Joins Sprint Nextel and KaBOOM! as 2007 Honorees

SAN FRANCISCO, April 27 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in on-demand business services, and the Salesforce.com Foundation today announced that the YMCA of San Francisco has honored the Salesforce.com Foundation with its 2007 Building Strong Communities Award for its contributions to the building of a new playground for the children of Bayview Hunter's Point. The Building Strong Communities Award is given to honor corporate and philanthropic organizations that help provide vital and much-needed services to the children and families within the four-county area served by the San Francisco YMCA.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO)

"The Salesforce.com Foundation has been instrumental in helping the YMCA serve the communities of Bayview Hunter's Point, providing both financial backing and volunteer hours to build a new playground for children to play and interact," said Charles Collins, president and CEO of YMCA of San Francisco. "This award is a token of our appreciation for those efforts, support and contributions, which are invaluable to the mission of the YMCA to build strong kids, strong families and strong communities."

"Having launched the Salesforce.com Foundation at the Embarcadero YMCA in July of 2000, receiving this award is especially gratifying for the organization. Over 100 salesforce.com employees, customers and partners came together to build the playground at the Bayview Hunter's Point YMCA engaging our extended ecosystem in giving back -- a core part of the 'Power of Us' partner program that we launched earlier this year," said Suzanne DiBianca, Executive Director of the Salesforce.com Foundation. "We're happy to accept this award from the YMCA of San Francisco, and to know that the children of Bayview Hunter's Point will enjoy a safe and fun environment to play in."

The YMCA of San Francisco Volunteer of the Year Award will be held on the evening of Friday, April 27, 2007 at the Palace of Fine Arts. In addition to Salesforce.com, KaBOOM! and salesforce.com customer Sprint Nextel were honored for their contributions to the YMCA. For more information about the YMCA of San Francisco, go to http://www.ymcasf.org/index.html.

About Salesforce.com Foundation

The Salesforce.com Foundation's mission is to remain the leader in pioneering, evangelizing and implementing the 1% Model, and using this model as a means to improve the lives of people around the world. The Salesforce.com Foundation harnesses the power of product and people to improve the lives of those in need. Using the unique 1/1/1/1 Model -- 1% Time, 1% Equity, 1% Product, and "one" with the earth -- the Foundation reaches out to the community and increases the effectiveness of nonprofit organizations so they can better achieve their goals, which the Salesforce.com Foundation calls the Power of Us. The Salesforce.com Foundation concentrates on the use of technology, specifically as it relates to organizations with youth development programs. The Salesforce.com Foundation has supported technology projects around the world that help kids in technology-bereft urban and rural areas create a better future for themselves. Since July of 2000, salesforce.com employees have given over 50,000 hours of their time and expertise, feeding the homeless, tutoring kids, improving nonprofit spaces, and offering hundreds of helping hands when the world is faced with devastating natural disasters.

About salesforce.com

Salesforce.com is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. The Salesforce Platform enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. All new components and applications built on the Salesforce Platform can be easily shared, exchanged and installed via salesforce.com's AppExchange directory, available at http://www.salesforce.com/appexchange. Customers can also take advantage of Successforce, salesforce.com's world-class training, support, consulting and best practices offerings.

As of January 31, 2007, salesforce.com manages customer information for approximately 29,800 customers and approximately 646,000 paying subscribers including Advanced Micro Devices (AMD), America Online (AOL), Avis Budget Group, Inc, Dow Jones Newswires, Polycom and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.

NOTE: Salesforce.com is a registered trademark of salesforce.com, and AppExchange, The Business Web, IdeaExchange and Successforce are trademarks of salesforce.com, Inc., San Francisco, California. Other names used may be trademarks of their respective owners.

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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com salesforce.com, Inc.

CONTACT: Katy Dormer of salesforce.com, +1-415-901-8595, or
kdormer@salesforce.com

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

CCID Consulting: HP China Upgraded to 2.0 Age to Fight Lenovo

BEIJING, April 27 /Xinhua-PRNewswire/ -- CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong, announces findings from their report on the current state of HP China in China's PC market, particularly its relationship with long-standing competitor Lenovo. Recently, HP China has upped its game to better take on its main competitors.

After Lenovo brought in a number of senior managers from Dell and HP, Mr. Fu Biaobang, who had just left Hasee, succeeded Mr. Sun Zhenyao and took the office of President for HP China. The inter-flow of senior management between HP, Lenovo and Dell, three giants of the PC industry fundamentally proved the original trend of the PC industry in business models, namely seeking complementary matches and integration, or the integration of supply chains, channels and sales models. Whoever cultivates new business models will gain an upper hand in the future market in China. Thus CCID Consulting believes that Fu Biaobang's return to HP will tend to add new momentum to the rapidly growing HP, which will upgrade to the ''2.0 era'' and launch a full-scale challenge against Lenovo.

HP successfully replaced Dell to become the king of the PC industry in 2006 under the leadership of Mark Hurd; the Company's operational revenues of the fiscal year also surpassed those of the ''Blue-Chip'' giant IBM and became the top of the IT industry. However, on the Chinese PC market, Lenovo continued to leave its competitors far behind with its well-developed distribution networks and its brand effects from the merging of IBM's PC services.

CCID Consulting's research shows that even though HP China's PC sales revenues in 2006 increased more than 27% over 2005, much higher than the 7.7% growth rate of the whole market, the absolute numbers in sales were far behind Lenovo. China's PC market will maintain a compound growth rate of over 13% in the next five years and will become the world's second largest right after the United States.

Catching up with Lenovo became a difficult but necessary goal for HP China. Consequently, HP launched its ''wall brushing'' campaigns in 5- and 6-level cities since 2006 and continued to explore the SMB market. At the same time, HP China also kept up the rapid growth in performance for years under the leadership of the former president Sun Zhenyao. Mr. Sun carried out a series of administrative reforms that helped to build and cultivate a top-rated team at HP China, which served as a guarantee for HP China's wholesome development. While Lenovo was integrating its global supply chains and incorporating Dell and HP ''genes'' and while Dell was further exploring operational models other than ''direct marketing,'' HP Global presented higher requirements and standards to HP China, which is pushing HP China to a new era of ''large growth and large profits.''

The HP under Mark Hurd is at a stage of ''pursuing outstanding performance,'' where the company will need to achieve both high-speed growth and unceasingly increased profits. The biggest challenge for HP China is how to reduce costs, raise efficiency, and invest more in R & D, channel building and customer service, so that HP can supply more competitively priced products and spread its marketing networks to the level-3 to 5 markets in China. As Fu Biaobang served as the President for Dell-Greater China Region for over four years, he is well-accomplished in supply chain management, direct sales, standardization, zero inventory and so on, which is exactly what is lacking in HP China. Furthermore, since Mr. Fu has had about 10 years of working experiences at HP, he generally will not encounter confrontation in corporate culture.

CCID Consulting believes that in terms of raising the performance of HP China under the dual challenges of Lenovo and upgraded Dell, Fu Biaobang has a long way to go and a heavy task on his shoulders.

About CCID Consulting

CCID Consulting Co., Ltd. (also known as CCID Consulting), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: HK08235), is a direct affiliate of the China Center for Information Industry Development (hereinafter known as CCID Group). Headquartered in Beijing, CCID Consulting has so far set up branch offices in Shanghai, Guangzhou, Shenzhen and Harbin, with over 300 professional consultants and industry experts. The Company's business scope has covered over 200 large- and medium-sized cities in China. Apart from home market development, CCID Consulting is establishing international cooperation links across the United States, the Asia-Pacific region and Europe, by setting up agents in the U.S., Japan, South Korea, Australia, Singapore, Italy and Russia, with the aim of going global.

Based on four major competitive areas: powerful data channels, industrial resources, intense knowledge and deep understanding of information technology, CCID Consulting provides customers with consulting, research and IT outsourcing services covering strategy planning, IT application, marketing strategy, human resources and information technology outsourcing. Our customers range from industrial users in IT, telecommunications, energy, finance, automobile, to government departments at all levels and diversified industrial parks.

CCID Consulting is committed to becoming the No. 1 brand for strategy consulting, the No. 1 consultant for enterprise management and the No. 1 expert in market research. For more information, please visit our website at http://en.ccidconsulting.com/.

For more information, please contact: Cynthia Liu Coordinating Manager CCID Consulting Co., Ltd Tel: +86-10-88559080 Email: liuyan@ccidconsulting.com

CCID Consulting Co., Ltd

CONTACT: Cynthia Liu, Coordinating Manager of CCID Consulting Co., Ltd,
+86-10-88559080, or liuyan@ccidconsulting.com

Web Site: http://en.ccidconsulting.com/

Circuit City Announces Ten Firehouse Finalists in 'firedog(SM) Across America' Campaign; Departments Will Receive $20,000 Each, Now Eligible for Larger Prize

RICHMOND, Va., April 27 /PRNewswire-FirstCall/ -- Circuit City's firedog(SM) services today named ten firehouse finalists in its "firedog(SM) Across America" essay contest, which honors the nation's firefighters for dedicated service to their communities. Each finalist will receive $20,000 for much-needed equipment and the corresponding essay writer will receive a home "techover" worth $10,000, courtesy of Circuit City's firedog(SM) services team.

"At Circuit City we're committed to helping our communities and we're proud to give America the opportunity to honor firefighters," said Philip J. Schoonover, chairman, president and chief executive officer of Circuit City Stores, Inc. "The men and women described in these essays have touched their communities in a multitude of ways through their selfless acts of bravery and dedication. Circuit City is pleased to help recognize their devotion to public service."

The ten "firedog(SM) Across America" finalists were chosen from a pool of 5,082 essays submitted between December 6, 2006 and March 31, 2007. The essays describe the various ways these everyday heroes go above and beyond the call of duty.

The public now will have the opportunity to choose a grand prize winner from among the finalists. In alphabetical order, the top ten finalists are:

Chesapeake Fire Station #15 - Chesapeake, VA A Virginia fire station guides troubled youths on the road to self- discovery with a unique outdoor adventure program that teaches important life skills, including coping, problem solving, trust, teamwork and communication. Chickahominy Volunteer Fire Department Station 10 - Ashland, VA A young man with Down syndrome sees his lifelong dream come true when a Virginia firehouse asks him to join its squad. Contra Costa County Engine 83 - Antioch, CA California firefighters risk their own safety to assist a local police officer shot in the line of duty, comforting the injured officer in his final moments of life even while the gunman is still at large. Dover Fire & Rescue - Dover, NH A New Hampshire firehouse exemplifies brotherhood when it reaches to support a squad member's family after he's deployed to Iraq with the National Guard. Keeseville Volunteer Fire Department - Keeseville, NY Despite limited financial resources, a local rescue squad leads a ten-day search to recover the body of a missing rafter lost on New York's Au Sable River long after federal, state and county rescue agencies had given up hope. Newportville Fire Company No.1- Levittown, PA A firehouse brings joy to a local 4-year-old with terminal brain cancer by naming him Honorary Fire Chief, inspiring the squad and winning the affection of the entire Pennsylvania community. Reminderville Fire Department - Reminderville, OH An entire Ohio firehouse walks in the American Cancer Society's 24-hour- long Relay for Life and shocks bystanders by running - in full gear - the final 30 minutes of the course. Rockaway Point Fire Department - Breezy Point, NY New York station demonstrates unyielding commitment to public service with contributions to the 9-11 recovery efforts and annual participation in the "Wounded Warriors" event, which hosts injured Iraq War veterans from Walter Reed Army Medical Center. San Diego Rural Fire Station #76 - El Cajon, CA A firefighter turns his Harbison Canyon home into a temporary firehouse when Firestorm 2003 destroys everything in its path including his squad's station and equipment. West Jackson County Volunteer Fire Department - Biloxi, MS Concerned citizens-turned-firefighters lead a grassroots effort to bring fire safety to a small Mississippi town and in the aftermath of Hurricane Katrina become an integral part of the disaster recovery process.

For nominating their local firehouses, the ten winning essay writers will receive a home "techover" worth $10,000, courtesy of Circuit City and its vendor partners. Prizes will include an LG 50" Flat Screen TV, HP 17" LCD flat panel monitor, HP Pavilion Media Center TV PC, an Microsoft Xbox 360, an Epson printer, a Monster universal remote, a Linksys wireless router, Microsoft PC software and firedog(SM) home theater and PC services installation.

The ten firehouse finalists are now eligible to win additional funding during the final stage of the campaign when America votes for a $100,000 grand prize winner. From April 28 to May 13, Americans can visit http://www.firedog.com/ to view all 10 firehouse finalists' stories and vote for their favorite. At the culmination of the voting stage, the firehouse with the most votes will win the grand prize. The grand prize winner will be announced the week of May 14, 2007.

For each new online vote, Circuit City will donate an additional dollar into a shared prize pool, up to $250,000. All ten finalists will split the shared prize pool proportionally based on votes cast.

Communities are invited to support their local firehouses through the online voting portion of the contest. For more information on "firedog(SM) Across America," visit http://www.firedog.com/.

About firedog(SM)

Circuit City Stores, Inc. launched its firedog(SM) brand in response to a growing public demand for help with using and enjoying electronic products. firedog(SM) provides a new level of personal computer services, home theater installations and integration of home electronics.

About Circuit City Stores, Inc.

Circuit City Stores, Inc. is a leading specialty retailer of consumer electronics and related services. The domestic segment operates through 643 Superstores and 12 other locations in 158 U.S. markets. The international segment operates through approximately 800 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at http://www.circuitcity.com/, http://www.thesourcecc.ca/ and at http://www.firedog.com/.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO

http://www.newscom.com/cgi-bin/prnh/20060905/DCTU008LOGO )

Photo: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO
http://www.newscom.com/cgi-bin/prnh/20060905/DCTU008LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Circuit City Stores, Inc.

CONTACT: Jim Babb of Circuit City, +1-804-527-4003,
Jim_babb@circuitcity.com; or Emilie Moghadam of Fleishman-Hillard,
+1-202-827-2212, Emilie.moghadam@fleishman.com, both of Circuit City Stores,
Inc.

Web site: http://www.circuitcity.com/
http://www.firedog.com/

Monolithic Power Systems, Inc. Announces Results for First Quarter of 2007

SAN JOSE, Calif., April 27 /PRNewswire-FirstCall/ -- Monolithic Power Systems (MPS) , a leading fabless manufacturer of high-performance analog and mixed-signal semiconductors, today announced financial results for the quarter ended March 31, 2007.

The results for the quarter ended March 31, 2007 are as follows: -- Net revenues of $24.5 million, compared to $24.8 million in the first quarter of 2006 and down 7.2% sequentially from $26.4 million in the fourth quarter of 2006 -- Gross margin of 63.4%, compared to 62.1% in the first quarter of 2006 and 63.9% in the fourth quarter of 2006 -- GAAP operating expenses of $15.0 million, including $10.0 million for research and development and selling, general and administrative, $2.8 million for patent litigation and $2.2 million for stock-based compensation -- Non-GAAP(1) operating expenses of $12.8 million, excluding $2.2 million for stock-based compensation -- Net Income of $62,000, with GAAP EPS at breakeven, or zero cents per share -- Non-GAAP(1) net income of $2.7 million, or $0.08 per diluted share, excluding stock-based compensation and related tax effects

"The first quarter is typically a slow quarter, but we met our revenue and bottom line targets, and the second quarter business environment looks very positive for MPS," said Michael Hsing, chief executive officer of MPS. "I am especially excited about our continuing success in developing leading edge new products from our technology expertise, such as the MiniMonster(TM) line announced in 2006. This quarter, I am pleased to announce a new process development, the BCD HV(TM) technology, which has just delivered first silicon on a new 600 volt power driver product that we believe will open up new applications for MPS' products."

Business Outlook

The following are MPS' financial targets for the second quarter ending June 30, 2007:

-- Revenues in the range of $28 million to $30 million -- Gross margin in the middle of our target range of 58% to 63% -- Research and development and selling, general and administrative expense between $12.5 million and $14.0 million. Non-GAAP(1) research and development and selling, general and administrative expense between $10.5 million and $11.5 million. These exclude an estimate of stock-based compensation expense in the range of $2.0 million to $2.5 million -- Litigation expense in the range of $3.0 million to $3.5 million

(1) Non-GAAP net income, non-GAAP operating expenses and non-GAAP research and development and selling, general and administrative expense differ from net income, operating expenses, and research and development and selling, general and administrative expense determined in accordance with GAAP (Generally Accepted Accounting Principles in the United States). Non-GAAP net income excludes the effect of stock-based compensation expense and related tax effects. Non-GAAP operating expenses for the first quarter ending March 31, 2007 exclude the effect of stock-based compensation expense. Projected non-GAAP research and development and selling, general and administrative expense exclude the effect of stock-based compensation expense. A schedule reconciling these amounts is included in this news release. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. MPS utilizes both GAAP and non-GAAP financial measures to assess what it believes to be its core operating performance and to evaluate and manage its internal business and assist in making financial operating decisions. MPS believes that the inclusion of non-GAAP financial measures, together with GAAP measures, provides investors with an alternative presentation useful to investors' understanding of MPS' core operating results and trends. Additionally, MPS believes that the inclusion of non-GAAP measures, together with GAAP measures, provides investors with an additional dimension of comparability to similar companies. However, investors should be aware that non-GAAP financial measures utilized by other companies are not likely to be comparable in most cases to the non-GAAP financials measures used by MPS.

Conference Call

MPS plans to conduct a management teleconference covering its first quarter results at 5:30 a.m. PDT / 8:30 a.m. EDT today, April 27, 2007. The call will be webcast at http://www.monolithicpower.com/cmp_02_inv_rel.htm. In addition to the webcast replay, which will be archived for all investors for one year on the MPS website, a phone replay will be available for seven days after the live call at 617-801-6888, code number 49634601. This press release and any other information related to the call will also be posted on the website.

Safe Harbor Statement

This press release contains forward-looking statements regarding MPS' planned product offerings, targeted net revenues, gross margin, GAAP and non-GAAP research and development and selling, general and administrative expense, stock-based compensation expense and litigation expenses for the fiscal quarter ending June 30, 2007. These statements are not historical facts or guarantees of future performance or events, are based on current expectations, estimates, beliefs, assumptions, goals, and objectives, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed by these statements. Readers of this press release and listeners to the accompanying conference call are cautioned not to place undue reliance on any forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, the risks, uncertainties and costs of litigation in which the company is involved; the outcome of any upcoming trials, hearings, motions, and appeals; any interruptions in MPS' schedule of new product release development; adverse change in production and testing efficiency; adverse changes in government regulations in foreign countries where MPS has offices; acceptance of, or demand for, MPS' products being lower than expected; the adverse impact on MPS' financial performance if its tax and litigation provisions are inadequate; difficulty in predicting or budgeting for future expenses and financial contingencies; and other important risk factors identified in MPS' SEC filings, including, but not limited to, its Annual Report on Form 10-K filed on March 16, 2007.

The forward-looking statements in this press release represent MPS' targets, not predictions of actual performance. MPS assumes no obligation to update the information in this press release or in the accompanying conference call. Any statements by persons outside of MPS speculating on the progress of the quarter or other aspects of MPS' business are not based on internal MPS information and should be assessed accordingly by investors.

About Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc. (MPS) develops and markets proprietary, advanced analog and mixed-signal semiconductors. The company combines advanced process technology with its highly experienced analog designers to produce high-performance power management integrated circuits (ICs) for DC to DC converters, LED drivers, Cold Cathode Fluorescent Lamp (CCFL) backlight controllers, Class D audio amplifiers, and Linear ICs. MPS products are used extensively in computing and network communications products, LCD monitors and TVs, and a wide variety of consumer and portable electronics products. MPS partners with world-class manufacturing organizations to deliver top quality, ultra-compact, high-performance solutions through the most productive, cost-efficient channels. Founded in 1997 and headquartered in San Jose, California, the company has expanded its global presence with sales offices in Taiwan, China, Korea, Japan, and Europe, which operate under MPS International, Ltd.

Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries. BCD HV and MiniMonster are Trademarks of Monolithic Power Systems, Inc.

Consolidated Balance Sheet (in thousands, except per share data) March 31, December 31, 2007 2006 ASSETS Current assets: Cash and cash equivalents $62,889 $50,816 Short-term investments 24,500 27,674 Accounts receivable, net of allowances of $227 in 2007 and 2006 7,778 9,156 Inventories 9,358 6,738 Deferred income tax asset -- current - 1,658 Prepaid expenses and other current assets 3,066 1,118 Restricted cash 125 - Total current assets 107,716 97,160 Property and equipment, net 11,528 11,358 Deferred income tax asset -- long term 1,218 - Other assets 505 500 Restricted assets 8,198 8,309 Total assets $129,165 $117,327 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $6,964 $5,909 Accrued compensation and related benefits 3,426 4,792 Accrued income tax payable - 684 Accrued liabilities 10,980 8,737 Total current liabilities 21,370 20,122 Deferred rent 435 484 Non-current income tax liability 4,551 - Long term liabilities 1,597 1,769 Total liabilities $27,953 $22,375 Stockholders' equity: Common stock, $0.001 par value, $31 and $30 as of March 31, 2007 and December 31, 2006, respectively; shares authorized: 150,000,000; shares issued and outstanding: 31,331 and 30,369 as of March 31, 2007 and December 31, 2006, respectively 120,054 113,532 Deferred stock compensation (258) (487) Accumulated other comprehensive loss (168) (198) Accumulated deficit (18,416) (17,895) Total stockholders' equity 101,212 94,952 Total liabilities and stockholders' equity $129,165 $117,327 Consolidated Income Statement (in thousands, except per share data) Three months ended March 31, 2007 2006 (in thousands, except per share data) Revenue $24,496 $24,763 Cost of revenue* 8,963 9,373 Gross profit 15,533 15,390 Operating expenses: Research and development* 5,932 5,067 Selling, general and administrative* 6,197 7,427 Patent litigation 2,847 4,064 Total operating expenses 14,976 16,558 Income (loss) from operations 557 (1,168) Other income (expense): Interest and other income 1,007 599 Interest and other expense (7) (70) Total other income, net 1,000 529 Income (loss) before income taxes 1,557 (639) Income tax provision (benefit) 1,495 (231) Net income (loss) 62 (408) Basic net income (loss) per common share $0.00 $(0.01) Diluted net income (loss) per common share $0.00 $(0.01) Shares used in basic net income (loss) per common share 30,482 28,816 Dilutive effect of stock options 3,277 - Shares used in diluted net income (loss) per common share 33,759 28,816 * Stock-based compensation has been included in the following line items: Cost of revenue $111 $141 Research and development 1,101 1,363 Selling, general and administrative 1,108 1,178 Total $2,320 $2,682 RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME (in thousands, except per share amounts) Net income (loss) $62 $(408) Adjustments to reconcile net income to non-GAAP net income Stock-based compensation $2,320 $2,682 Tax effect 298 (847) Non-GAAP net income $2,680 $1,427 Non-GAAP earnings per share, excluding stock-based compensation and related tax effects: Basic $0.09 $0.05 Diluted $0.08 $0.04 Shares used in the calculation of non-GAAP earnings per share: Basic 30,482 28,816 Diluted 33,759 33,201 RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES (in thousands, except per share amounts) Total operating expenses $14,976 $16,558 Adjustments to reconcile total operating expenses to non-GAAP total operating expenses Stock-based compensation $(2,209) $(2,542) Non-GAAP total operating expenses $12,767 $14,016 2007 SECOND QUARTER OUTLOOK RECONCILIATION OF R&D AND SG&A EXPENSES TO NON-GAAP R&D AND SG&A EXPENSES (in thousands, except per share amounts) Three months ended June 30, 2007 Low High R&D and SG&A $12,500 $14,000 Adjustments to reconcile R&D and SG&A to non-GAAP R&D and SG&A Stock-based compensation (2,000) (2,500) Non-GAAP R&D and SG&A $10,500 $11,500

Monolithic Power Systems, Inc.

CONTACT: Rick Neely, Chief Financial Officer of Monolithic Power
Systems, Inc., +1-408-826-0777, investors@monolithicpower.com

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

Hearst-Argyle Television Announces Results for First Quarter Ended March 31, 2007Reaffirms Full Year Revenue and Expense Outlook

NEW YORK, April 27 /PRNewswire-FirstCall/ -- Hearst-Argyle Television, Inc. today announced first-quarter 2007 earnings per diluted share of $0.05 compared to $0.14 in each of first-quarter 2006 and 2005. First quarter 2007 results primarily reflect the absence of significant Olympic revenue earned by the Company's 10 NBC affiliates and Super Bowl revenue on its 12 owned ABC stations, particularly in the auto category, during first quarter 2006.

The Company also reaffirmed its full-year total revenue and expense outlook, first provided on February 23, 2007, and included in this release.

Results for the Quarter Ended March 31, 2007 vs. March 31, 2006

For the quarter ended March 31, 2007, total revenue of $169.4 million was down 2.6% compared to $174.0 million for the quarter ended March 31, 2006 and up 4.4% from $162.3 million for the quarter ended March 31, 2005. The Company generated $148.2 million in net advertising revenue, down 4% from the prior- year period, due mainly to a decrease in the automotive category, which spent heavily during the 2006 winter Olympics and the Super Bowl. Net political revenue of $1.5 million compares to $2.1 million and $0.7 million in first quarter 2006 and 2005, respectively. Total revenue also reflects a 12% increase in retransmission consent revenue to $5.2 million, a 27% increase in net digital revenue to $4.0 million and a 24% increase in network compensation to $2.5 million.

Commenting on the announcement, David Barrett, President and Chief Executive Officer said, "Consistent with the normal cyclical revenue pattern for market-leading television station groups, our first quarter results reflect the comparison to a prior-year period when we benefited from approximately $17 million of net Olympic revenue on our 10 NBC stations, and approximately $4 million of net Super Bowl revenue on our 12 owned ABC stations, as well as from more buoyant spending in the automotive category.

"Automotive continues to reflect the sluggishness we have previously indicated, and has mainly tracked with soft regional economic conditions in some East Coast markets. Nevertheless, we are encouraged by positive ad-sales pacings in the telecom, retail, furniture/housewares and pharmaceuticals categories.

"Our stations competed very effectively for audience and revenue share, and strongly advanced our digital media efforts, including Web and multicast initiatives. The strength of our local news franchises, reflected in market- leading ratings and numerous accolades for reporting excellence and community engagement, is the strong foundation for our local business model, and enables many of our stations to significantly over-index national ratings benchmarks for network and syndicated programs.

"In the February 'sweeps' ratings period, Hearst-Argyle stations KOCO, Oklahoma City; KMBC, Kansas City; and WISN, Milwaukee, were once again the top three rated ABC affiliates in the country in prime time," Barrett noted. "The strong competitive performance of our local stations, reflected in their ratings and their journalistic honors, is a distinct advantage for our company.

"While 2007 will reflect our sector's normal cyclical pattern -- lacking an Olympics and including a material decrease in the amount of political advertising in comparison to the $88 million received in 2006 -- we are reaffirming our full-year revenue and expense outlook from February 23, 2007. Notwithstanding, we do anticipate active political spending in several of our markets -- including early caucus and political primary markets such as Des Moines, IA, Manchester, NH, and Greenville, SC, and in Kentucky and Louisiana where we expect contested gubernatorial races -- as the year progresses, and a more favorable climate for the automotive category with the introduction of 2008 product. Our operators are up to the challenge of competing for ad revenue against all media sectors, and growing our digital revenue base. As always we are focused on managing operating costs with strict discipline while still investing in initiatives that will contribute to long term growth. The work we'll do in 2007 will help us capture the promising opportunities of 2008."

Digital Media Update

New Web-based digital media products under development include regional auto classified advertising destinations, following on the heels of WYFF-TV's highly successful LocalCars4Me.com in the Greenville, SC, market. The Company's WPBF-TV (ABC), West Palm Beach, FL, and KITV (ABC), Honolulu, HI, have launched new weather channels over their digital spectrum, and WTAE-TV (ABC), Pittsburgh, PA, has launched a traffic-and-weather channel; Hearst- Argyle NBC affiliates currently stream Weather Plus channels over their digital spectrum, and KETV (ABC), Omaha, NE, and KCCI-TV (CBS), Des Moines, IA, also stream digital weather channels.

Driven by major weather and news events, first-quarter monthly average page views and video streams for the Hearst-Argyle Websites were 138 million, up 31%, and 4.2 million, up 40%, respectively, compared to first-quarter 2006, according to data from WebTrends. Average monthly unique visitors for the quarter was 9.6 million, according to WebTrends; 13 of the Hearst-Argyle sites set monthly unique-visitor records, while 11 set monthly page view records.

During the quarter, Internet Broadcasting (IB), a strategic partner in which Hearst-Argyle Television holds a 39% equity interest, experienced similar growth in its "network" of local-TV websites, which includes the Hearst-Argyle sites among others. IB also re-launched its national mobile network, currently including 12 Hearst-Argyle sites, to provide content via wireless application protocol (WAP).

Earlier this month, IB and Monster.com announced that Monster will provide co-branded career sites for IB's local TV web sites. The new career sites, expected to launch in the coming weeks, will feature Monster's search and matching capabilities, expert career advice and an array of tools such as a resume builder and salary center. IB will provide Monster with an inventory of co-branded TV advertising spots, along with online ads and integrated content placements.

Ripe Digital Entertainment, in which Hearst-Argyle holds a 25% equity interest, recently launched its newest on-demand network, FlowTV, adding to its RipeTV and OctaneTV youth-oriented short-form programming services, which are designed for multiple viewing platforms. Ripe Digital content is now carried nationwide on Comcast and Time Warner cable video-on-demand (VoD) and broadband services, and features advertising from such brands as Target, Procter & Gamble's Old Spice, AT&T's Cingular and Chrysler's Dodge.

Awards and Honors

During the quarter, the Hearst-Argyle station group was honored with its fourth consecutive Walter Cronkite Award, given biannually by the University of Southern California's Annenberg School to honor television political reporting. Hearst-Argyle Television is the only TV news provider to have been honored with Cronkite Awards in any category each of the four times the awards have been bestowed since they were introduced in 2001.

Also during the quarter, the Hearst-Argyle stations once again were honored locally, regionally and nationally with many of television's most prominent journalism and public-service honors, including: 35 regional Radio- Television News Directors Association (RTNDA) Edward R. Murrow Awards; nine Press Club of Atlantic City National Headliner Awards; a du Pont-Columbia Journalism Award; and a National Association of Broadcasters Education Foundation (NABEF) Service to America Award.

Hearst-Argyle stations and their Websites also received awards for online reporting: one each of the Murrow and National Headliner Awards; and a Society of Professional Journalists Sigma Delta Chi Award. Three other Websites within the IB network also earned Murrow Awards.

2007 Outlook Reaffirmed

Harry Hawks, Executive Vice President and Chief Financial Officer stated, "We reaffirm our estimate of total revenue in the range of $754 to $778 million for the full year, consistent with our previous outlook. Our expense outlook remains unchanged as well, although we note the adoption of FIN 48 may cause increased variability in our tax provision from quarter to quarter going forward.

"As of March 31, 2007, the Company had $32 million of cash on hand and has $400 million available under its existing credit facility. With the combination of cash on hand, significant free cash flow from operations and our credit facility, we have more than ample liquidity to repay or refinance a scheduled $90 million principal payment and the maturity of $125 million of 7% senior notes due during fourth quarter."

The tables below provide additional revenue and expense information. 2007 Revenue Outlook (GAAP) ($'s in millions) 2005 2006 2007 Outlook Actual Actual Range Net local, national and political ad revenue $642.2 $702.3 $667.0 $685.0 Net digital media revenue 0.3 15.5 21.0 24.0 Retransmission consent revenue 6.8 17.9 18.0 20.0 Network compensation 19.1 9.8 9.0 9.0 Other 38.5 39.9 39.0 40.0 Total Net Revenue $706.9 $785.4 $754.0 $778.0 Expense and Expenditures Outlook (GAAP) ($'s in millions) Actual Outlook 2006 2007 Salaries, Benefits and Other Operating Expenses (SB&O) SB&O, excluding digital media and stock-based compensation expenses $383.7 $394.2 Digital media expense 10.1 15.4 Stock-based compensation expense 3.8 4.0 Total Salaries, Benefits and Other Operating Expenses $397.6 $413.6 Amortization of Program Rights 68.6 75.7 Program Payments 67.8 73.9 Depreciation & Amortization 59.2 56.9 Corporate G&A Corporate G&A, excluding stock-based compensation expense 27.6 29.2 Stock-based compensation expense 3.7 4.0 Total Corporate G&A $31.3 $33.2 Interest Expense, net 59.9 60.8 Interest Expense, net - Capital Trust 9.8 9.8 Equity in (Income) loss of Affiliates, net of tax (0.5) 1.0 Effective Tax Rate 37.3% 38.0%

Salaries Benefits and Other Operating Expense: For the first quarter of 2007, SB&O expense increased $4.3 million or 4% due in part to the addition of WKCF-TV, Orlando, as well as higher expenses associated with our Websites and digital weather channels and increased pension and employee benefits expense; offset by lower news gathering and sales promotion expense.

Amortization of Program Rights: For the first quarter of 2007, amortization of program rights increased $3.9 million to $19.2 million due mainly to the addition of WKCF-TV and, to a lesser extent, the renewal of certain popular shows at higher rates. For 2007, amortization of program rights is expected to increase 10%, to approximately $75.7 million.

Program Payments: Program payments increased $2.5 million to $18.3 million due almost entirely to the addition of WKCF-TV and, to a lesser extent, the renewal of certain popular shows at higher rates. For the full year, program payments are expected to be $73.9 million.

Depreciation and amortization: For the first quarter of 2007, depreciation and amortization expense declined 3% to $15.0 million. The decrease in depreciation expense is primarily due to depreciation in full of certain fixed assets, and corporate office leasehold improvements, partially offset by additional depreciation associated with the acquisition of WKCF-TV. For 2007, depreciation and amortization is expected to decline approximately 4%, to approximately $56.9 million.

Corporate general and administrative expense: For the first quarter of 2007, corporate and administrative expense increased 7% to $7.8 million, due to higher rent, employee costs (a portion of which is related to digital media development) and benefits administration costs. In 2007, corporate and administrative expense is expected to be approximately $33.2 million, including approximately $4 million of stock-based compensation expense.

Equity in (income) loss of affiliates, net of tax: For the first quarter of 2007, equity in loss of affiliates, net of tax, was $80,000 substantially unchanged from the prior period. For 2007, the Company projects a loss of approximately $1.0 million, which reflects losses from a start-up venture, offset by income generated by another affiliate.

Effective tax rate: For the first quarter of 2007, the effective tax rate was 48% compared to 39.5% in 2006. The change reflects the adoption of FIN 48, Accounting for Uncertain Tax Positions, effective as of January 1, 2007. Going forward, the tax provision could vary significantly from quarter to quarter as we adjust tax positions as events occur, consistent with FIN 48. The effective tax rate for the full year 2007 is expected to be approximately 38%, revised to reflect the adoption of FIN 48.

Non-GAAP Measures

For a reconciliation of non-GAAP financial measurements contained in this news release and the accompanying income statements, please see the Supplemental Disclosures table at the end of this release. An updated Supplemental Disclosures reconciliation table will also be posted quarterly to the Company's Website, http://www.hearstargyle.com/, in the Investor Relations section.

About Hearst-Argyle

Hearst-Argyle Television, Inc. owns 26 television stations, and manages an additional three television and two radio stations owned by Hearst Corporation, in geographically diverse U.S. markets. The Company's television stations reach approximately 18% of U.S. TV households, making it one of America's largest television station groups. Hearst-Argyle owns 12 ABC-affiliated stations, and manages an additional ABC station owned by Hearst Corporation, and is the largest ABC affiliate group.

The Company also owns 10 NBC affiliates, and is the second-largest NBC affiliate owner, and owns two CBS affiliates. Also, Hearst-Argyle owns more than 30 Websites and currently multicasts more than a dozen digital weather channels. Hearst Corporation owns approximately 74% of Hearst-Argyle's total outstanding common stock. Hearst-Argyle Series A Common Stock trades on the New York Stock Exchange under the symbol "HTV." HTV debt is rated investment grade by Moody's (Baa3), Standard & Poor's (BBB-) and Fitch (BBB-), each with a stable outlook. Hearst-Argyle's corporate Web address is www. hearstargyle.com.

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements. We base these forward-looking statements on our current expectations and projections about future events. These forward looking statements generally can be identified by the use of statements that include phrases such as "anticipate", "will", "may", "likely", "plan", "believe", "expect", "intend", "project", "forecast" or other such similar words and/or phrases. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this news release, concerning, among other things, trends and projections involving revenue, income, earnings, cash flow, liquidity, operating expenses, assets, liabilities, capital expenditures, dividends and capital structure, involve risks and uncertainties, and are subject to change based on various important factors. Those factors include the impact on our operations from:

-- Changes in Federal regulation of broadcasting, including changes in Federal communications laws or regulations; -- Local regulatory actions and conditions in the areas in which our stations operate; -- Competition in the broadcast television markets we serve; -- Our ability to obtain quality programming for our television stations; -- Successful integration of television stations we acquire; -- Pricing fluctuations in local and national advertising; -- Changes in national and regional economies; -- Our ability to service and refinance our outstanding debt; -- Changes in advertising trends and our advertisers' financial condition; and -- Volatility in programming costs, industry consolidation, technological developments, and major world events.

These and other matters may cause actual results to differ from those we describe. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Hearst-Argyle Television, Inc. Condensed Consolidated Statements of Income Three Months Ended March 31 2007 (1) 2006 (1) 2005 (1) (In thousands, except per share data) Total revenue (2) $169,383 $174,017 $162,279 Station operating expenses: Salaries, benefits and other operating costs 101,074 96,787 88,624 Amortization of program rights 19,228 15,332 15,333 Depreciation and amortization 14,996 15,388 13,138 Corporate, general and administrative expenses 7,779 7,273 5,916 Operating income 26,306 39,237 39,268 Interest expense 15,890 16,462 16,194 Interest income (346) (1,302) (492) Interest expense, net - Capital Trust 2,438 2,438 2,438 Income before income taxes 8,324 21,639 21,128 Income tax expense 3,993 8,548 8,240 Equity in (income) loss of affiliates, net of tax (3) 80 74 (187) Net income 4,251 13,017 13,075 Less preferred stock dividends - - 2 Income applicable to common stockholders $4,251 $13,017 $13,073 Income per common share, basic $0.05 $0.14 $0.14 Number of common shares used in the calculation 93,183 92,655 $92,849 Income per common share, diluted $0.05 $0.14 $0.14 Number of common shares used in the calculation (4) 94,189 93,191 93,319 Dividends per common share declared $0.07 $0.07 $0.07 Supplemental Financial Data: Net local & national ad revenue (excluding political) $146,618 $152,939 $145,579 Net digital media revenue 4,024 3,173 7 Net political revenue 1,535 2,144 711 Network compensation 2,489 2,005 4,942 Retransmission consent revenue 5,165 4,609 1,051 Other revenues 9,552 9,147 9,989 Stock-based compensation expense 2,046 1,918 - Net cash provided by operating activities $21,516 $37,487 $33,572 Program payments $18,343 $15,807 $16,053 Capital expenditures $11,580 $7,764 $8,073 Cash paid for income taxes, net of refunds (5) $22,926 $12,572 $16,662 Cash $31,964 $128,468 $99,044 Total debt $867,163 $867,170 $882,205 Note payable to Capital Trust $134,021 $134,021 $134,021 Common shares outstanding, net of treasury shares 93,516 92,648 92,799 Supplemental Non-GAAP Data (*) : Adjusted EBITDA (A) $41,302 $54,625 $52,406 Free cash flow $9,936 $29,723 $25,499 (*) See Supplemental Disclosures Regarding Non-GAAP Financial Information at the end of this news release. (A) Current year periods include stock-based compensation expense. See accompanying notes on the following pages. Notes to Consolidated Statements of Income (1) Results of operations for the three months ended March 31, 2007, 2006 and 2005 include (i) the results of our 25 television stations, which were owned for the entire period presented, and the management fees derived by the three television and two radio stations managed by us for the entire period presented; and (ii) the results of operations of WKCF-TV, after our acquisition of the station, on August 31, 2006. (2) Total revenue includes local & national, digital media and political advertising revenue net of agency commission expense, network compensation, retransmission consent revenue and other revenue consisting primarily of trade and barter revenue. (3) Primarily represents the Company's equity interests in the operating results of (i) Internet Broadcasting and (ii) Ripe Digital Entertainment and other investments. Prior year amounts have been reclassed to conform to current year presentation. (4) For all periods presented, diluted shares do not include 5,128,205 common shares underlying the 7.5% Series B Redeemable Convertible Preferred Securities because to do so would have been antidilutive. When the securities related to the Capital Trust are dilutive, the interest, net of tax, related to the Capital Trust is added back to Income applicable to common stockholders for purposes of the diluted EPS calculation. (5) Cash paid for income taxes is presented net of tax refunds received by the Company. Hearst-Argyle Television, Inc. Supplemental Disclosures Regarding Non-GAAP Financial Information Adjusted EBITDA

In order to evaluate the operating performance of our business, we use certain financial measures, some of which are calculated in accordance with accounting principles generally accepted in the United States of America ("GAAP"), such as net income, and some of which are not, such as adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"). In order to calculate the non-GAAP measure adjusted EBITDA, we exclude from net income the financial items that we believe are less integral to the day-to-day operation of our business. We have outlined below the type and scope of these exclusions and the limitations on the use of the adjusted EBITDA measure as a result of these exclusions. Adjusted EBITDA is not an alternative to net income, operating income, or net cash provided by operating activities, as calculated and presented in accordance with GAAP. Investors and potential investors in our securities should not rely on adjusted EBITDA as a substitute for any GAAP financial measure. In addition, our calculation of adjusted EBITDA may or may not be consistent with that of other companies. We strongly urge investors and potential investors in our securities to review the reconciliation presented in the table below of adjusted EBITDA to net income, the most directly comparable GAAP financial measure.

We use the adjusted EBITDA measure as a supplemental financial metric to evaluate the performance of our business that, when viewed together with our GAAP results and the accompanying reconciliations, we believe provides a more complete understanding of the factors and trends affecting our business than the GAAP results alone. Adjusted EBITDA is a common alternative measure of financial performance used by investors, financial analysts, and rating agencies. These groups use adjusted EBITDA, along with other measures, to estimate the value of a company, compare the operating performance of a company to others in its industry, and evaluate a company's ability to meet its debt service requirements. In addition, adjusted EBITDA is a key financial measure for the Company's stockholders and financial lenders, since the Company's current debt financing agreements require the measurement of adjusted EBITDA, along with other measures, in connection with the Company's compliance with debt covenants.

We define adjusted EBITDA as net income adjusted to exclude the following line items presented in our consolidated statements of income: interest expense; interest income, interest expense, net - Capital Trust; income taxes; depreciation and amortization; equity in income or loss of affiliates; other income and expense; and non-recurring special charges. Set forth below are descriptions of each of the financial items that have been excluded from net income in order to calculate adjusted EBITDA as well as the material limitations associated with using adjusted EBITDA rather than net income, the most directly comparable GAAP financial measure, when evaluating the operating performance of our core operations. Current year periods include stock based compensation expense.

-- Interest expense, Interest income and Interest expense, net - Capital Trust. By excluding these expenses, we are better able to compare our core operating results with other companies that have different financing arrangements and capital structures. Nevertheless, the amount of interest we are required to pay does reduce the amount of funds otherwise available for use in our core business and therefore may be useful for an investor to consider. -- Income taxes. By excluding income taxes, we are better able to compare our core operating results with other companies that have different income tax rates. Nevertheless, the amount of income taxes we incur does reduce the amount of funds otherwise available for use in our core business and therefore may be useful for an investor to consider. -- Depreciation and amortization. By excluding these non-cash charges, we are better able to compare our core operating results with other companies that have different histories of acquiring other businesses. Nevertheless, depreciation and amortization are important expenses for investors to consider, even though they are non-cash charges, because they represent generally the wear and tear on our property, plant and equipment and the gradual decline in value over time of our intangible assets with finite lives. Furthermore, depreciation expense is affected by the level of capital expenditures we make to support our core business and therefore may be useful for an investor to consider. -- Impairment Loss. The impairment loss is a non-recurring, non-cash item resulting from the write down of intangibles and goodwill as part of our routine FAS 142 analysis. Excluding the impairment loss provides investors with more comparable information about our Company's operating performance. -- Equity in income of affiliates, net. This is a non-cash item which represents our proportionate share of income or loss from affiliates in which we hold minority interests. As we do not control these affiliates, we believe it is more appropriate to evaluate the performance of our core business by excluding their results. However, as we make investments in affiliates for purposes which are strategic to the Company, the financial results of such affiliates may be useful for an investor to consider. -- Other income and expense, and special charges. These are non-recurring items which are unrelated to the operations of our core business and, when they do occur, can fluctuate significantly from one period to the next. By excluding these items, we are better able to compare the operating results of our underlying, recurring core business from one reporting period to the next. Nevertheless, the amounts and the nature of these items may be useful for an investor to consider, as they can be material and can sometimes increase or decrease the amount of funds otherwise available for use in our core business.

The following tables provide a reconciliation of net income to adjusted EBITDA in each of the periods presented:

Three Months Ended March 31, 2007 2006 2005 (In thousands) Net income $4,251 $13,017 $13,075 Add: Income taxes 3,993 8,548 8,240 Add: Equity in (income) loss of affiliates, net of tax 80 74 (187) Add: Interest expense, net - Capital Trust 2,438 2,438 2,438 Add: Interest expense 15,890 16,462 16,194 Less: Interest Income (346) (1,302) (492) Operating income 26,306 39,237 39,268 Add: Depreciation and amortization 14,996 15,388 13,138 Adjusted EBITDA $41,302 $54,625 $52,406 Free Cash Flow

In order to evaluate the operating performance of our business, we use the non-GAAP measure free cash flow. Free cash flow reflects our net cash flow from operating activities less capital expenditures. Free cash flow is a primary measure used not only internally by our management, but externally by our investors, analysts and peers in our industry, to value our operating performance and compare our performance to other companies in our peer group. Our management believes that free cash flow provides investors with useful information concerning cash available to allow us to make strategic acquisitions and investments, service debt, pay dividends, meet tax obligations, and fund ongoing operations and working capital needs. Free cash flow is also an important measure because it allows investors to assess our performance in the same manner that our management assesses our performance.

However, free cash flow is not an alternative to net cash flow provided by operating activities, as calculated and presented in accordance with GAAP, and should not be relied upon as such. Specifically, because free cash flow deducts capital expenditures from net cash flow provided by operating activities, investors and potential investors should consider the types of events and transactions which are not reflected in free cash flow. In addition, our calculation of free cash flow may or may not be consistent with that of other companies. We strongly urge investors and potential investors in our securities to review the reconciliation presented in the table below of free cash flow to net cash flow provided by operating activities, the most directly comparable GAAP financial measure.

The following table provides a reconciliation of net cash flow provided by operating activities to free cash flow in each of the periods presented:

Three Months Ended March 31, 2007 2006 2005 (In thousands) Net cash flow provided by operating activities $21,516 $37,487 $33,572 Less capital expenditures 11,580 7,764 8,073 Free cash flow $9,936 $29,723 $25,499

Hearst-Argyle Television, Inc.

CONTACT: Harry Hawks, Executive Vice President & CFO, +1-212-887-6823,
hhawks@hearst.com; or Tom Campo, Investor Relations, +1-212-887-6827,
tcampo@hearst.com, both of Hearst-Argyle Television, Inc.

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

ITT Reports Strong First Quarter 2007 EPS from Continuing Operations of $0.74; Raises Guidance for the Year* Earnings from continuing operations, excluding special items, are $0.76 per share, up 29 percent* First quarter revenue up 15.6 percent to $2.1 billion on strong growth in all segments; organic revenue up 12.5 percent* Company raises FY 2007 earnings forecast, excluding special items, from $3.30-$3.38 to $3.44-$3.50 per share and raises FY 2007 revenue range from $8.29-$8.38 billion to $8.45-$8.55 billion

WHITE PLAINS, N.Y., April 27 /PRNewswire-FirstCall/ -- ITT Corporation today reported first quarter 2007 earnings from continuing operations of $139.8 million or $0.76 per share, excluding special items. This represents an increase of 29 percent or $0.17 over the first quarter of 2006 on a comparable basis. First quarter revenue was $2.1 billion, up 15.6 percent over the same period last year, with organic revenue growth of 12.5 percent.

"We are off to a powerful start this year, with every segment of our business delivering outstanding top line performance that carried through to the bottom line," said Steve Loranger, Chairman, President and Chief Executive Officer. "Building relationships with our customers by providing high-quality products and service solutions is central to our continuing progress - and it's evident our teams have been successful in doing just that."

Mr. Loranger added, "Diversification is a critical part of our performance, both from an end market perspective and from the variety of geographies in which we operate. And most importantly, our very capable workforce of extremely dedicated employees is committed to growing this business. Their focus on both organic growth and operational excellence has resulted in solid business performance, quarter in and quarter out. Based on these strong first quarter results, and our confidence in our outlook, we are raising our full-year revenue and earnings guidance."

ITT now forecasts full-year 2007 revenue of approximately $8.5 billion, an increase of $170 million compared with the estimates given in December 2006. This new estimate represents year-over-year revenue growth of nine percent. In addition, the Company revised its full-year forecast for earnings from continuing operations, excluding special items, to be in the range of $3.44 to $3.50 per share, up 21 percent to 23 percent compared to full-year 2006.

Primary Business Results Fluid Technology * First quarter 2007 Fluid Technology revenue was $786.0 million, up $100.3 million or 15 percent over the comparable 2006 quarter. First quarter organic revenue grew nine percent over the same period in 2006, through our strong penetration in the commercial, industrial and municipal markets with Fluid Technology's full portfolio of water products and solutions. * Operating income for the first quarter was $87.1 million, including the impact of restructuring. Excluding restructuring, operating income was $90.6 million, a gain of 35 percent over the first quarter of 2006. Operating margins grew by 170 basis points, to 11.5 percent, primarily as a result of volume increases and a continuing focus on operational initiatives (such as global sourcing), efforts to "rightsize" our manufacturing facilities to meet customer needs, and finding cost efficiencies and eliminating waste. * Order activity was strong, with total organic orders up 11 percent compared to the first quarter of 2006. Both industrial and municipal markets posted double-digit growth. Defense Electronics & Services * ITT's Defense Electronics & Services segment reported first quarter 2007 revenues of $969.4 million, up 17 percent over the same period last year, led by increases in Night Vision, Electronic Systems and the Advanced Engineering and Sciences businesses. * Revenue growth was well balanced between products and services. * Higher volume, better yields and contract performance drove first quarter operating results. First quarter operating income was $110.4 million, including the impact of restructuring. Excluding this impact, operating income was $112.5 million, a gain of 15 percent compared to the first quarter of 2006. Motion and Flow Control * First quarter revenues were $318.2 million, up 14 percent over the same quarter in 2006. Organic revenue growth was up nine percent, lifted by double-digit growth in the connectors and friction materials businesses. * Operating income for the 2007 first quarter was $51.0 million, including the impact of restructuring. Excluding restructuring, operating income was $51.8 million, an increase of 19 percent. Operating margin reflected a 70-basis point improvement to 16.3 percent versus first quarter 2006 results, due to volume growth and ongoing productivity and efficiency efforts. * The friction materials business also posted double-digit revenue growth, as a result of strong automotive platform wins. * The connectors business was fueled by end-market strength in the aerospace and industrial markets and posted double-digit organic growth. About ITT Corporation

ITT Corporation (http://www.itt.com/) supplies advanced technology products and services in several growth markets. ITT is a global leader in the transport, treatment and control of water, wastewater and other fluids. The company plays a vital role in international security through its defense communications and electronics products; space surveillance and intelligence systems; and advanced engineering and related services. It also serves the growing leisure marine and electrical connectors markets with a wide range of products. Headquartered in White Plains, N.Y., the company generated $7.8 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the Euronext, London and Frankfurt exchanges.

For free B-roll/video content and logo from ITT Corporation, please log onto http://www.thenewsmarket.com/ITT to preview and request video. You can receive broadcast-standard video quality digitally or by tape from this site. Registration and video are free to the media.

"Safe Harbor Statement" under the Private Securities Litigation Reform Act of 1995 ("the Act"): Certain material presented herein includes forward- looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include statements that describe the Company's business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future operating or financial performance. Whenever used, words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target" and other terms of similar meaning are intended to identify such forward-looking statements. Forward-looking statements are uncertain and to some extent unpredictable, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed in, or implied from, such forward-looking statements. Factors that could cause results to differ materially from those anticipated by the Company include general global economic conditions, decline in consumer spending, interest and foreign currency exchange rate fluctuations, availability of commodities, supplies and raw materials, competition, acquisitions or divestitures, changes in government defense budgets, employment and pension matters, contingencies related to actual or alleged environmental contamination, claims and concerns, intellectual property matters, personal injury claims, governmental investigations, tax obligations, and changes in generally accepted accounting principles. Other factors are more thoroughly set forth in Item 1. Business, Item 1A. Risk Factors, and Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - Forward-Looking Statements in the ITT Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2006, and other of its filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward- looking statements, whether as a result of new information, future events or otherwise.

ITT believes that investors' understanding of the Company's operating performance is enhanced by the use of certain non-GAAP financial measures, including adjusted GAAP net income and adjusted GAAP EPS, which Management considers useful in providing insight into operating performance, as it excludes the impact of special items that cannot be expected to recur on a quarterly basis. Management also believes that investors can better analyze the Company's revenue and order growth by utilizing organic revenue and organic order growth measures that exclude the effect of foreign exchange translation and the effect of recent acquisitions. In addition, Management considers the use of free cash flow to be an important indication of the Company's ability to make acquisitions, fund pension obligations, buy back outstanding shares and service debt. Free cash flow, adjusted net income, adjusted EPS, organic revenue and organic orders are not financial measures under GAAP, should not be considered as substitutes for cash from operating activities, EPS, net income or revenue as defined by GAAP, and may not be comparable to similarly titled measures reported by other companies. A reconciliation to the GAAP equivalents of these non-GAAP measures is set forth in the attached unaudited financial information.

ITT CORPORATION AND SUBSIDIARIES CONSOLIDATED CONDENSED INCOME STATEMENTS (In millions, except per share) (Unaudited) Three Months Ended March 31, 2007 2006 Sales and revenues $2,070.3 $1,791.5 Costs of sales and revenues 1,486.1 1,308.7 Selling, general and administrative expenses 320.0 263.1 Research and development expenses 40.3 38.6 Restructuring and asset impairment charges, net 6.4 11.9 Total costs and expenses 1,852.8 1,622.3 Operating income 217.5 169.2 Interest expense 23.8 19.9 Interest income 8.2 3.7 Miscellaneous expense, net 3.9 5.2 Income from continuing operations before income tax expense 198.0 147.8 Income tax expense 61.2 44.9 Income from continuing operations 136.8 102.9 Discontinued operations, net of tax 3.2 53.0 Net income $140.0 $155.9 Earnings Per Share: Income from continuing operations: Basic $0.75 $0.56 Diluted $0.74 $0.55 Discontinued operations: Basic $0.02 $0.29 Diluted $0.02 $0.28 Net income: Basic $0.77 $0.85 Diluted $0.76 $0.83 Average Common Shares - Basic 181.2 184.6 Average Common Shares - Diluted 184.3 187.8 ITT CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) March 31, Dec. 31, 2007 2006 Assets Current Assets: Cash and cash equivalents $1,050.2 $937.1 Receivables, net 1,348.5 1,288.9 Inventories, net 761.9 726.5 Assets of discontinued businesses held for sale 184.9 183.2 Deferred income taxes 83.4 79.8 Other current assets 136.9 102.8 Total current assets 3,565.8 3,318.3 Plant, property and equipment, net 822.1 833.0 Deferred income taxes 163.1 136.1 Goodwill, net 2,338.4 2,336.8 Other intangible assets, net 206.2 213.2 Other assets 633.7 563.2 Total assets $7,729.3 $7,400.6 Liabilities and Shareholders' Equity Current Liabilities: Accounts payable $953.1 $929.4 Accrued expenses 799.7 869.6 Accrued taxes 194.2 168.2 Notes payable and current maturities of long-term debt 914.6 597.0 Pension and postretirement benefits 68.9 68.9 Liabilities of discontinued businesses held for sale 98.8 96.7 Deferred income taxes - 0.2 Total current liabilities 3,029.3 2,730.0 Pension and postretirement benefits 718.2 735.5 Long-term debt 486.6 500.4 Other liabilities 588.9 569.9 Total liabilities 4,823.0 4,535.8 Shareholders' equity 2,906.3 2,864.8 Total liabilities and shareholders' equity $7,729.3 $7,400.6 ITT CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Three Months Ended March 31, 2007 2006 Operating Activities Net income $140.0 $155.9 Less: Income from discontinued operations (3.2) (53.0) Income from continuing operations 136.8 102.9 Adjustments to income from continuing operations: Depreciation and amortization 44.2 42.3 Stock-based compensation 7.5 4.3 Restructuring and asset impairment charges, net 6.4 11.9 Payments for restructuring (11.2) (15.2) Change in receivables (54.7) (42.6) Change in inventories (34.4) (43.8) Change in accounts payable and accrued expenses 0.1 28.1 Change in accrued and deferred taxes 1.6 (28.8) Change in other current and non- current assets (89.1) (113.1) Change in other non-current liabilities (13.7) (6.8) Other, net 5.8 9.8 Net cash - operating activities (0.7) (51.0) Investing Activities Additions to plant, property and equipment (28.1) (28.4) Acquisitions, net of cash acquired (4.4) (23.7) Proceeds from sale of assets and businesses 1.0 225.3 Other, net (0.4) (1.7) Net cash - investing activities (31.9) 171.5 Financing Activities Short-term debt, net 305.6 67.3 Long-term debt repaid (1.7) (0.5) Long-term debt issued 0.3 - Repurchase of common stock (186.5) (68.8) Proceeds from issuance of common stock 31.3 36.9 Dividends paid (20.3) (16.6) Tax benefit from stock option exercises 7.3 7.4 Other, net (0.3) 0.1 Net cash - financing activities 135.7 25.8 Exchange Rate Effects on Cash and Cash Equivalents 7.3 6.7 Net Cash - Discontinued Operations: Operating Activities 5.0 23.6 Investing Activities (2.3) (3.4) Financing Activities - (0.4) Net change in cash and cash equivalents 113.1 172.8 Cash and cash equivalents - beginning of year 937.1 451.0 Cash and Cash Equivalents - end of period $1,050.2 $623.8 ITT Corporation Non-GAAP Reconciliation Reported vs. Organic Revenue / Orders Growth First Quarter 2007 & 2006 ($ Millions) (As Reported - GAAP) Sales & Sales & Change % Change Revenues Revenues 2007 vs. 2007 vs. 3M 2007 3M 2006 2006 2006 ITT Corporation - Consolidated 2,070.3 1,791.5 278.8 15.6% Defense Electronics & Services 969.4 831.1 138.3 16.6% ACD - Tactical Radios 181.4 184.1 (2.7) -1.5% Space Systems 141.6 134.6 7.0 5.2% Advanced Engineering & Sciences 105.0 78.7 26.3 33.4% Electronic Systems 106.0 79.6 26.4 33.2% Night Vision 121.1 77.1 44.0 57.1% Systems 317.1 278.0 39.1 14.1% Fluid Technology 786.0 685.7 100.3 14.6% Industrial & BioPharm 162.1 146.9 15.2 10.3% Wastewater 306.1 246.3 59.8 24.3% Advanced Water Treatment 61.1 52.2 8.9 17.0% Residential and Commercial Water Group 266.2 246.8 19.4 7.9% Motion & Flow Control 318.2 278.2 40.0 14.4% Aerospace Controls 23.5 21.4 2.1 9.8% Marine & Leisure 62.6 58.1 4.5 7.7% Friction Materials 103.2 87.0 16.2 18.6% KONI 25.0 21.8 3.2 14.7% Connectors 104.0 89.9 14.1 15.7% Orders Orders Change % Change 3M 2007 3M 2006 2007 2007 vs. 2006 vs. 2006 Defense Electronics & Services 803.3 1,213.6 (410.3) -34% Fluid Technology 881.8 762.3 119.5 16% Motion & Flow Control 328.1 295.5 32.6 11% Note: Excludes intercompany eliminations. ITT Corporation Non-GAAP Reconciliation Reported vs. Organic Revenue / Orders Growth First Quarter 2007 & 2006 ($ Millions) (As Adjusted - Organic) Acquis- ition FX Adj. Sales & Contrib- Contrib- Sales & Revenues ution ution Revenues 3M 2007 3M 2007 3M 2007 3M 2007 ITT Corporation - Consolidated 2,070.3 (15.2) (39.1) 2,016.0 Defense Electronics & Services 969.4 (0.8) (0.1) 968.5 ACD - Tactical Radios 181.4 (0.8) 0.0 180.6 Space Systems 141.6 0.0 (0.1) 141.5 Advanced Engineering & Sciences 105.0 0.0 0.0 105.0 Electronic Systems 106.0 0.0 0.0 106.0 Night Vision 121.1 0.0 0.0 121.1 Systems 317.1 0.0 0.0 317.1 Fluid Technology 786.0 (13.8) (24.4) 747.8 Industrial & BioPharm 162.1 0.0 (1.0) 161.1 Wastewater 306.1 0.0 (15.1) 291.0 Advanced Water Treatment 61.1 (13.3) (2.6) 45.2 Residential and Commercial Water Group 266.2 (0.5) (6.2) 259.5 Motion & Flow Control 318.2 (0.6) (14.6) 303.0 Aerospace Controls 23.5 (0.6) 0.0 22.9 Marine & Leisure 62.6 0.0 (2.5) 60.1 Friction Materials 103.2 0.0 (7.8) 95.4 KONI 25.0 0.0 (1.5) 23.5 Connectors 104.0 0.0 (2.8) 101.2 Acquis- ition FX Contrib- Contrib- Adj. Orders ution ution Orders 3M 2007 3M 2007 3M 2007 3M 2007 Defense Electronics & Services 803.3 (0.8) (0.1) 802.4 Fluid Technology 881.8 (9.3) (27.7) 844.8 Motion & Flow Control 328.1 (0.9) (15.4) 311.8 Note: Excludes intercompany eliminations. ITT Corporation Non-GAAP Reconciliation Reported vs. Organic Revenue / Orders Growth First Quarter 2007 & 2006 ($ Millions) Sales & Change % Change Revenues Adj. 07 Adj. 07 3M 2006 vs. 06 vs. 06 ITT Corporation - Consolidated 1,791.5 224.5 12.5% Defense Electronics & Services 831.1 137.4 16.5% ACD - Tactical Radios 184.1 (3.5) -1.9% Space Systems 134.6 6.9 5.1% Advanced Engineering & Sciences 78.7 26.3 33.4% Electronic Systems 79.6 26.4 33.2% Night Vision 77.1 44.0 57.1% Systems 278.0 39.1 14.1% Fluid Technology 685.7 62.1 9.1% Industrial & BioPharm 146.9 14.2 9.7% Wastewater 246.3 44.7 18.1% Advanced Water Treatment 52.2 (7.0) -13.4% Residential and Commercial Water Group 246.8 12.7 5.1% Motion & Flow Control 278.2 24.8 8.9% Aerospace Controls 21.4 1.5 7.0% Marine & Leisure 58.1 2.0 3.4% Friction Materials 87.0 8.4 9.7% KONI 21.8 1.7 7.8% Connectors 89.9 11.3 12.6% Change % Change Orders Adj. 07 Adj. 07 3M 2006 vs. 06 vs. 06 Defense Electronics & Services 1,213.6 (411.2) -33.9% Fluid Technology 762.3 82.5 10.8% Motion & Flow Control 295.5 16.3 5.5% Note: Excludes intercompany eliminations. ITT Corporation Non-GAAP Reconciliation Segment Operating Income & OI Margin Adjusted for Restructuring First Quarter of 2007 & 2006 ($ Millions) Q1 2007 Q1 2006 % Q1 2007 As As Change 07 As Reported Reported vs. 06 Reported Sales and Revenues: Defense Electronics & Services 969.4 831.1 969.4 Fluid Technology 786.0 685.7 786.0 Motion & Flow Control 318.2 278.2 318.2 Intersegment eliminations (3.3) (3.5) (3.3) Total Sales and Revenues 2,070.3 1,791.5 2,070.3 Operating Margin: Defense Electronics & Services 11.4% 11.5% 11.4% Fluid Technology 11.1% 9.2% 11.1% Motion & Flow Control 16.0% 13.5% 16.0% Total Ongoing Segments 12.0% 11.0% 12.0% Income: Defense Electronics & Services 110.4 95.8 15.2% 110.4 Fluid Technology 87.1 63.3 37.6% 87.1 Motion & Flow Control 51.0 37.6 35.6% 51.0 Total Segment Operating Income 248.5 196.7 26.3% 248.5 ITT Corporation Non-GAAP Reconciliation Segment Operating Income & OI Margin Adjusted for Restructuring First Quarter of 2007 & 2006 ($ Millions) Adjust for 2007 Q1 2007 Q1 2006 As As Restructuring Adjusted Reported Sales and Revenues: Defense Electronics & Services 969.4 831.1 Fluid Technology 786.0 685.7 Motion & Flow Control 318.2 278.2 Intersegment eliminations (3.3) (3.5) Total Sales and Revenues 2,070.3 1,791.5 Operating Margin: Defense Electronics & Services 11.6% 11.5% Fluid Technology 11.5% 9.2% Motion & Flow Control 16.3% 13.5% Total Ongoing Segments 12.3% 11.0% Income: Defense Electronics & Services 2.1 112.5 95.8 Fluid Technology 3.5 90.6 63.3 Motion & Flow Control 0.8 51.8 37.6 Total Segment Operating Income 6.4 254.9 196.7 ITT Corporation Non-GAAP Reconciliation Segment Operating Income & OI Margin Adjusted for Restructuring First Quarter of 2007 & 2006 ($ Millions) % Q1 2006 Change Adjust for 2006 As Adj. 07 Restructuring Adjusted vs. 06 Sales and Revenues: Defense Electronics & Services 831.1 Fluid Technology 685.7 Motion & Flow Control 278.2 Intersegment eliminations (3.5) Total Sales and Revenues 1,791.5 Operating Margin: Defense Electronics & Services 11.8% (20)BP Fluid Technology 9.8% 170 BP Motion & Flow Control 15.6% 70 BP Total Ongoing Segments 11.6% 70 BP Income: Defense Electronics & Services 2.0 97.8 15.0% Fluid Technology 4.0 67.3 34.6% Motion & Flow Control 5.8 43.4 19.4% Total Segment Operating Income 11.8 208.5 22.3% ITT Corporation Non-GAAP Reconciliation Reported vs. Adjusted Continuing Operations EPS First Quarter of 2007 & 2006 ($ Millions, except EPS and shares) Q1 2007 Q1 2007 Q1 2007 As Reported Adjustments As Adjusted Segment Operating Income 248.5 6.4 #A 254.9 Interest Income (Expense) (15.6) - (15.6) Other Income (Expense) (3.9) - (3.9) Corporate (Expense) (31.0) - (31.0) Income from Continuing Operations before Tax 198.0 6.4 204.4 Income Tax Items 1.4 (1.4)#B - Income Tax Expense (62.6) (2.0)#C (64.6) Total Tax Expense (61.2) (3.4) (64.6) Income from Continuing Operations 136.8 3.0 139.8 Diluted EPS from Continuing Operations 0.74 0.02 0.76 #A - Remove Restructuring Expense of $6.4M. #B - Remove Tax Benefit of ($1.4M). #C - Remove Tax Benefit on Special Items of ($2.0M). #D - Remove Restructuring Expense of $11.8M & $0.1M. #E - Remove Tax Charges $0.5M. #F - Remove Tax Benefit on Special Items of ($3.6M). ITT Corporation Non-GAAP Reconciliation Reported vs. Adjusted Continuing Operations EPS First Quarter of 2007 & 2006 ($ Millions, except EPS and shares) Q1 2006 Q1 2006 Q1 2006 As Reported Adjustments As Adjusted Segment Operating Income 196.7 11.8 #D 208.5 Interest Income (Expense) (16.2) - (16.2) Other Income (Expense) (5.2) - (5.2) Corporate (Expense) (27.5) 0.1 #D (27.4) Income from Continuing Operations before Tax 147.8 11.9 159.7 Income Tax Items 0.5 #E 0.5 Income Tax Expense (44.9) (3.6)#F (48.5) Total Tax Expense (44.9) (3.1) (48.0) Income from Continuing Operations 102.9 8.8 111.7 Diluted EPS from Continuing Operations 0.55 0.04 0.59 #A - Remove Restructuring Expense of $6.4M. #B - Remove Tax Benefit of ($1.4M). #C - Remove Tax Benefit on Special Items of ($2.0M). #D - Remove Restructuring Expense of $11.8M & $0.1M. #E - Remove Tax Charges $0.5M. #F - Remove Tax Benefit on Special Items of ($3.6M). ITT Corporation Non-GAAP Reconciliation Reported vs. Adjusted Continuing Operations EPS First Quarter of 2007 & 2006 ($ Millions, except EPS and shares) Change Percent Change 2007 vs. 2006 2007 vs. 2006 As Adjusted As Adjusted Segment Operating Income Interest Income (Expense) Other Income (Expense) Corporate (Expense) Income from Continuing Operations before Tax Income Tax Items Income Tax Expense Total Tax Expense Income from Continuing Operations Diluted EPS from Continuing Operations $0.17 28.8% #A - Remove Restructuring Expense of $6.4M. #B - Remove Tax Benefit of ($1.4M). #C - Remove Tax Benefit on Special Items of ($2.0M). #D - Remove Restructuring Expense of $11.8M & $0.1M. #E - Remove Tax Charges $0.5M. #F - Remove Tax Benefit on Special Items of ($3.6M). ITT Corporation Non-GAAP Reconciliation Cash From Operating Activities vs. Free Cash Flow First Quarter of 2007 & 2006 ($ Millions) 1st Qtr.07 1st Qtr.06 Cash from Operations (0.7) (51.0) Capital Expenditures (28.1) (28.4) Pension Pre-funding, net of tax 50.0 100.0 Free Cash Flow 21.2 20.6 Contact: Angela Buonocore (914) 641-2157 angela.buonocore@itt.com

ITT Corporation

CONTACT: Angela Buonocore of ITT Corporation, +1-914-641-2157,
angela.buonocore@itt.com

Web site: http://www.itt.com/
http://www.thenewsmarket.com/ITT

RDM Corporation reports second quarter resultsToronto Stock Exchange Symbol: RC- 34% revenue growth drives 182% increase in net earnings -

WATERLOO, ON, April 27 /PRNewswire-FirstCall/ -- RDM Corporation (TSX: RC), a leading provider of specialized software and hardware products for electronic payment processing, today reported its financial results for the three month period ended March 31, 2007.

Q2 2007 Highlights - Total revenues were $7.9 million in the second quarter of fiscal 2007, an increase of 34% from $5.9 million in Q2 2006. - The Digital Imaging segment, which represented over 80% of revenues, grew by $2.7 million in the second quarter to $6.5 million of revenues. - Transaction volumes for RDM's Image & Transaction Management System (ITMS) averaged 1,271,000 items per week during the second quarter, compared to 618,000 items per week a year earlier, and 995,000 items per week in Q1 2007. - ITMS end user locations increased from 4,100 to 5,100 during the second quarter of 2007. - Gross profit was $3.4 million or 43% of revenues in the second quarter, compared to $2.6 million or 44% of revenues a year earlier. - Net earnings were $587,000 or $0.03 per share, compared to $208,000 or $0.01 per share in the previous year's second quarter. Subsequent Events - Subsequent to quarter-end, RDM announced Capture One, which was jointly developed with Epson Corporation. Capture One is a batch scanner and is designed for the emerging eCheck market which includes Remote Deposit Capture (ARC, BOC, Check 21, and Image Exchange) and Branch Automation. Capture One is powered by RDM's MICR Imaging and processing technologies. - The Company also announced that its RDM SYNERGY all-in-one POS payment solution will be distributed as part of the Back Office Capture solution by ProfitStars, a division of Jack Henry & Associates Inc., and that it had received Class B certification from Chase Paymentech which opens new distribution channels for RDM SYNERGY. - Also subsequent to the quarter, RDM announced that the shareholders and Board of Directors of Xign Corporation have signed an agreement to sell Xign. Upon completion of the transaction RDM expects cash proceeds of at least $9.0 million. The sale of RDM's minority interest in Xign is expected to result in a one-time gain of $0.12 to $0.18 per share, and will enable the Company to redeploy capital to growth opportunities.

"We recorded solid growth in the second quarter, particularly in our core Digital Imaging segment," said Douglas Newman, President and CEO of RDM Corporation. "Scanner shipments remained strong during the quarter, however, as expected, did not equal our first quarter's exceptionally high shipment volumes which contained an unusually large backlog from the previous quarter. ITMS processing volumes continue to grow significantly and we are in the midst of executing contracts to enable two additional banks to use ITMS as their remote deposit solution. We are also excited about the potential for the recent hardware product announcements to favourably impact our sales in future periods."

Financial Review

RDM's revenues of $7.9 million in the three months ending March 31, 2007 represented growth of $2.0 million or 34% over the same period of 2006. The increase was attributable to growth in the Digital Imaging segment, which encompasses both scanner sales and the ITMS transaction revenue. Digital Imaging revenues grew by $2.7 million or 71% from a year earlier, driven by increasing adoption of remote deposit capture services. On a year-to-date basis, total revenues were $19.6 million in the first six months of fiscal 2007, compared to $10.9 million in the comparable period of 2006.

As disclosed in the Company's first quarter 2007 materials, scanner production levels were elevated in the first quarter as the Company worked through an order backlog that had built up as a result of strong demand. The Company shipped 20,000 scanners in the first quarter, of which 5,000 were attributable to orders not filled in the prior quarter. Second quarter 2007 scanner volume of 12,000 units are more representative of the current period's demand, and compares to 8,000 units a year earlier.

Revenues in the Electronic Payments Solutions segment, comprised of custom development projects for government agencies and financial institution customers, were $775,000 in the quarter compared to $1.6 million a year earlier. The Quality Assurance segment, comprised of quality control products sold to commercial check printers and processors, generated revenues of $594,000, compared to $502,000 in Q2 2006. Results in the two smaller segments were in line with management expectations, and both segments made a positive contribution to operating income in the quarter.

Gross profit grew by $0.7 million or 28% to $3.4 million. Expressed as a percentage of revenue, gross margin declined from 44% to 43% due to changes in the business mix.

Sales and marketing expense grew 42% to $901,000 in Q2 2007 as a result of increased sales efforts and activities associated with the Company's rapidly growing Digital Imaging segment. While revenues have grown significantly, costs have been well managed and the Company recorded modest year-over-year decreases in general and administration, research and development, and depreciation and amortization expenses. Interest and other income improved by $85,000 primarily due to higher cash balances and better interest rates. Total operating expenses increased only marginally to $2.5 million from $2.4 million a year earlier.

RDM's earnings from operations grew to $887,000 in the second quarter of 2007, from $208,000 in Q2 2006. The Company recognized a $300,000 income tax expense in the quarter, compared to no tax expense in the same period of 2006. Net earnings of $587,000, or $0.03 per share, represented 182% growth compared to $208,000 or $0.01 per share in the second quarter of 2006.

Operating activities generated $1.3 million of cash flow in the quarter, compared to $1.8 million in Q2 2006. Cash and equivalents increased $1.1 million during the quarter to $10.1 million. This balance does not include the impact of the sale of the Company's minority interest in Xign Corporation, which was announced April 18, 2007 and is expected to contribute approximately $9.0 million of cash proceeds by the end of RDM's current fiscal year.

Conference Call

RDM will be hosting a conference call to discuss the Company's second quarter 2007 financial results on April 27, 2007 at 9:00 a.m. EDT. Dial-in numbers are 416-644-3419 or 1-800-731-6941. A live audio webcast of the call will be available at http://www.rdmcorp.com/. Detailed financial results and MD&A will be available at http://www.sedar.com/ by April 30, 2007.

About RDM Corporation

RDM Corporation is headquartered in Waterloo, Ontario and trades on the Toronto Stock Exchange under the symbol RC. RDM is a leading provider of specialized software and hardware products for electronic payment processing. RDM has pioneered electronic cheque conversion systems and web-based image and transaction management services for banks, retailers, payment processors and government agencies. RDM's Image & Transaction Management System (ITMS(R)) is an industry leading e-check processing solution whereby transaction information can be remotely captured and processed electronically from distributed locations, freeing up significant customer float time and significantly reducing costs associated with returned checks. For further information, visit RDM's website at http://www.rdmcorp.com/.

This news release contains forward-looking statements. Forward-looking statements are based on estimates and assumptions made by RDM in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that RDM believes are appropriate in the circumstances. Many factors could cause RDM's actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements. Risk factors relating to RDM are discussed in the Risks and Uncertainties section of RDM's Annual Information Form and year-end Management's Discussion and Analysis. These factors should be considered carefully, and readers should not place undue reliance on RDM's forward-looking statements. RDM has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

RDM CORPORATION Consolidated Balance Sheets (Amounts In Canadian Dollars, In Thousands) March 31, September 30, 2007 2006 (Unaudited) (Audited) ------------------------------------------------------------------------- Assets: Current assets: Cash and cash equivalents $ 10,062 $ 6,174 Accounts receivable 5,125 5,743 Inventories 4,792 3,919 Investment tax credit receivable 713 623 Future income tax asset 342 400 Other 233 266 ------------------------------------------------------------------------- Total current assets 21,267 17,125 Long-term investment 6,379 6,379 Furniture and equipment 2,053 1,923 Future income tax asset - 450 ------------------------------------------------------------------------- Total assets $ 29,699 $ 25,877 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Liabilities and shareholders' equity: Current liabilities: Accounts payable and accrued liabilities $ 4,176 $ 3,607 Deferred revenue 489 433 ------------------------------------------------------------------------- Total current liabilities 4,665 4,040 Shareholders' equity: Share capital 27,524 26,461 Contributed surplus 1,018 781 Deficit (3,475) (5,356) Share purchase loans (33) (49) ------------------------------------------------------------------------- Total shareholders' equity 25,034 21,837 ------------------------------------------------------------------------- Total liabilities and shareholders' equity $ 29,699 $ 25,877 ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDM CORPORATION Consolidated Statements of Operations and Deficit (Amounts in Canadian Dollars, In Thousands, Except Per Share Amounts) Three months ended Six months ended March 31 March 31 2007 2006 2007 2006 (Unaudited) (Unaudited) (Unaudited) (Unaudited) ------------------------------------------------------------------------- Revenue $ 7,882 $ 5,897 $ 19,628 $ 10,907 Cost of revenue 4,520 3,278 11,797 6,330 ------------------------------------------------------------------------- Gross Profit 3,362 2,619 7,831 4,577 Operating expenses: Sales and marketing 901 636 1,902 1,260 Research and development 942 1,021 1,910 1,854 General and administration 496 518 1,009 795 Depreciation and amortization 177 221 339 434 Stock-based compensation 95 66 170 116 Interest and other (136) (51) 112 (80) ------------------------------------------------------------------------- 2,475 2,411 5,442 4,379 ------------------------------------------------------------------------- Earnings from operations 887 208 2,389 198 Current income taxes 300 - 508 - ------------------------------------------------------------------------- Net earnings (loss) $ 587 $ 208 $ 1,881 $ 198 Deficit, beginning of period $ 4,062 $ (7,422) $ (5,356) $ (7,412) ------------------------------------------------------------------------- Deficit, end of period $ 3,475 $ (7,214) $ 3,475 $ (7,214) ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- Earnings per share - basic and diluted $ 0.03 $ 0.01 $ 0.09 $ 0.01 ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDM CORPORATION Consolidated Statements of Cash Flows (Amounts in Canadian Dollars, In Thousands) Three months ended Six months ended March 31 March 31 2007 2006 2007 2006 (Unaudited) (Unaudited) (Unaudited) (Unaudited) ------------------------------------------------------------------------- Cash provided by (used in): Operations: Net earnings $ 587 $ 208 $ 1,881 $ 198 Items not involving cash: Amortization 177 221 339 434 Stock-based compensation 95 66 170 116 Future income taxes 300 - 508 Change in non-cash operating working capital 88 1,288 313 73 ------------------------------------------------------------------------- Cash provided by operations 1,247 1,783 3,211 821 Financing: Issuance of share capital, net of issue costs 166 190 1,130 210 Repayment of share purchase loans 8 25 16 36 ------------------------------------------------------------------------- Cash provided by financing activities 174 215 1,146 246 Investing: Purchase of furniture and equipment (272) (98) (469) (228) ------------------------------------------------------------------------- Cash used in investing activities (272) (98) (469) (228) Increase in cash 1,149 1,900 3,888 839 Cash and cash equivalents, beginning of period 8,913 4,405 6,174 5,466 ------------------------------------------------------------------------- Cash and cash equivalents, end of period $ 10,062 $ 6,305 $ 10,062 $ 6,305 ------------------------------------------------------------------------- -------------------------------------------------------------------------

RDM Corporation

CONTACT: Jeff Codispodi, Investor Relations, The Equicom Group Inc.,
(416) 815-0700 ext. 261 phone, (416) 815-0080 fax,
jcodispodi@equicomgroup.com; James Merwin, Chief Financial Officer, RDM
Corporation, (519) 746-8483 ext. 284 phone, (519) 746-3317 fax,
jmerwin@rdmcorp.com

Informatica to Host Financial Analyst Meeting and Webcast at Informatica World 2007

REDWOOD CITY, Calif., April 27 /PRNewswire-FirstCall/ -- Informatica Corporation , a leading provider of data integration software, today announced that its executive management team will host a financial analyst meeting at Informatica World 2007, Informatica's ninth annual user conference, on Tuesday, May 1 at 12:30 p.m. EDT. A live audio Web cast and archive of the event will be available at http://www.informatica.com/investor.

About Informatica

Informatica Corporation is a leading provider of enterprise data integration software. Using Informatica products, companies can access, integrate, migrate and consolidate enterprise data across systems, processes and people to reduce complexity, ensure consistency and empower the business. More than 2,790 companies worldwide rely on Informatica for their end-to-end enterprise data integration needs. For more information, call 650-385-5000 (800-653-3871 in the U.S.), or visit http://www.informatica.com/.

NOTE: Informatica is a registered trademark of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.

Informatica Corporation

CONTACT: Stacey Torman, Public Relations, +1-650-385-5389, or
storman@informatica.com, or Stephanie Wakefield, Investor Relations,
+1-650-385-5261, or swakefield@informatica.com, both of Informatica

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

Informatica World to Showcase Special Keynote From NYPD's Executive Officer, Office of Information TechnologyPlus Top Deloitte, Informatica, SAP Executives Will Explore Challenges, Advantages of Successful Data Integration

REDWOOD CITY, Calif., April 27 /PRNewswire-FirstCall/ -- Informatica Corporation , a leading provider of data integration software, today announced that Inspector Ruben Beltran, Executive Officer of the Office of Information Technology, New York City Police Department, will give attendees a special view into the workings of the Real Time Crime Center during his keynote at Informatica World, May 1-3, 2007.

Inspector Beltran will describe his first-hand experiences with the Real Time Crime Center, which gathers information distributed across more than 10 systems and databases -- including a data warehouse with more than 120 million NYC criminal complaints, 31 million national crime records, and logs of all 911 calls dating back to 1995.

Other keynote presenters at the event include Sohaib Abbasi, chairman and chief executive officer, Informatica; James Markarian, chief technology officer, Informatica; Nimish Mehta, senior vice president, NetWeaver Enterprise Information Management, SAP; Girish Pancha, executive vice president of products, Informatica; and Scott W. Sognefest, principal and U.S. practice leader for Business Intelligence and Data Warehousing, Deloitte Consulting LLP.

"One of the most exciting things at Informatica World is the chance to hear from customers who are truly at the leading edge of innovation," said Brian Gentile, chief marketing officer, Informatica. "Coupled with our full schedule of executive keynotes, it's a great venue to learn about Integration Everywhere."

On-site registration is available. For more information on Informatica World 2007, please visit http://www.informatica.com/world.

About Informatica

Informatica Corporation is a leading provider of enterprise data integration software and services. With Informatica, organizations can gain greater business value by integrating all their information assets from across the enterprise. More than 2,790 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of any complexity and scale. For more information, call 650-385-5000 (1-800-653-9871 in the U.S.), or visit http://www.informatica.com/.

Note: Informatica is a trademark of Informatica Corporation in the United States and in jurisdictions throughout the world. Other company and product names may be trade names or trademarks of their respective owners.

Informatica Corporation

CONTACT: Stacey Torman of Informatica Corporation, +1-650-385-5389,
storman@informatica.com; or Jennifer Nipp of Text 100, +1-212-871-5568,
informatica@text100.com

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

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