Companies news

MINNEAPOLIS, May 31 /PRNewswire-FirstCall/ -- Navarre Corporation a publisher and distributor of physical and digital home entertainment and multimedia products, today completed the previously announced transaction to sell its independent music distribution business to KOCH Entertainment.

The Company received $6.5 million in cash at closing and also anticipates collecting approximately $11 million in cash from trade receivables related to the independent music business that it retained pursuant to the transaction. The Company expects to realize a gain on the sale and for the transaction to be slightly accretive on a go forward basis. The exact balance of the trade receivables retained and the amount of the anticipated gain from the sale will be determined upon completion of the closing balance sheet. Net proceeds from this transaction will be used to pay down the Company's credit facility.

The Company will now be reporting the independent music distribution business as discontinued operations starting in the first quarter of fiscal year 2008 financial results.

About Navarre Corporation

Navarre Corporation is a publisher and distributor of physical and digital home entertainment and multimedia products, including PC software, CD audio, DVD video, video games and accessories. Since its founding in 1983, the Company has established distribution relationships with customers across a wide spectrum of retail channels which includes mass merchants, discount, wholesale club, office and electronic superstores, military and e-tailers nationwide. The Company currently provides its products to over 19,000 retail and distribution center locations throughout the United States and Canada. Navarre has expanded its business to include the licensing and publishing of home entertainment and multimedia content, primarily through the acquisitions of Encore, BCI, and FUNimation. For more information, please visit the Company's web site at http://www.navarre.com/.

Safe Harbor

The statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbors provided therein. The forward-looking statements are subject to risks and uncertainties, and the actual results that the Company achieves may differ materially from these forward-looking statements due to such risks and uncertainties, including, but not limited to: the Company's revenues being derived from a small group of customers; the Company's dependence on significant vendors; uncertain growth in the publishing segment; the Company's ability to meet significant working capital requirements related to distributing products; and the Company's ability to compete effectively in the highly competitive distribution and publishing industries. In addition to these, a detailed statement of risks and uncertainties is contained in the Company's reports to the Securities and Exchange Commission, including in particular the Company's Form 10-K and Form 10-K/A for the year ended March 31, 2005. Investors and shareholders are urged to read this press release carefully. The Company can offer no assurances that any projections, assumptions or forecasts made or discussed in this press release will be met, and investors should understand the risks of investing solely due to such projections. The forward-looking statements included in this press release are made only as of the date of this report and the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

Investors and shareholders may obtain free copies of the public filings through the website maintained by the SEC at http://www.sec.gov/ or at one of the SEC's other public reference rooms in Washington D.C., New York, New York or Chicago, Illinois. Please call the SEC at 1-800-SEC-0330 for further information with respect to the SEC's public reference rooms.

Navarre Corporation

CONTACT: Haug Scharnowski, Vice President of Corporate Relations of
Navarre Corporation, +1-763-535-8333, hscharnowski@navarre.com

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

TiVo to Present at the Deutsche Bank Media and Telecommunications Conference

ALVISO, Calif., May 31 /PRNewswire-FirstCall/ -- TiVo Inc. , the creator of and a leader in television services for digital video recorders (DVRs), today announced that Tom Rogers, Chief Executive Officer of TiVo, will present at the Deutsche Bank Media & Telecommunications Conference on June 4th at 2:50 p.m. ET. The webcast of the presentation will be available on the Investor Relations section of the TiVo website at http://investor.tivo.com/ under the events calendar tab.

Conference Details: Deutsche Bank Media & Telecommunications Conference The New York Palace Hotel New York, NY Monday, June 4, 2007 2:50 p.m. ET About TiVo Inc.

Founded in 1997, TiVo pioneered a brand new category of products with the development of the first commercially available digital video recorder (DVR). Sold through leading consumer electronic retailers, TiVo has developed a brand which resonates boldly with consumers as providing a superior television experience. Through agreements with leading satellite and cable providers, TiVo also integrates its DVR service features into the set- top boxes of mass distributors. TiVo's DVR functionality and ease of use, with such features as Season Pass(TM) recordings, WishList(R) searches, and TiVo(R) KidZone, have elevated its popularity among consumers and have created a whole new way for viewers to watch television. With a continued investment in its patented technologies, TiVo is revolutionizing the way consumers watch and access home entertainment. Rapidly becoming the focal point of the digital living room, TiVo's DVR is at the center of experiencing new forms of content on the TV, such as broadband delivered video, music and photos. With innovative features, such as TiVoToGo(TM) transfers and online scheduling, TiVo is expanding the notion of consumers experiencing "TiVo, TV your way.(R)" The TiVo(R) service is also at the forefront of providing innovative marketing solutions for the television industry, including a unique platform for advertisers and audience measurement research. The company is based in Alviso, Calif.

TiVo, Season Pass, WishList, Series2, Series3, TiVoToGo, 'TiVo, TV your way' and the TiVo Logo are trademarks or registered trademarks of TiVo Inc. or its subsidiaries worldwide. (C) 2007 TiVo Inc. All rights reserved.

TiVo Inc.

CONTACT: investor relations, Derrick Nueman of TiVo Inc.,
+1-408-519-9677, ir@tivo.com; or media relations, Jeffrey Weir of Sloane &
Company, +1-212-446-1878, jweir@sloanepr.com, for TiVo Inc.

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

Brocade Reports Second Quarter Fiscal Year 2007 ResultsRevenues Reported of $345.3 Million

SAN JOSE, Calif., May 31 /PRNewswire-FirstCall/ -- Brocade(R) , the leader in networked storage solutions that help enterprises connect and manage their information, today reported financial results for its second quarter of fiscal year 2007 (Q2 07), which ended April 28, 2007. Revenues for Q2 07 were $345.3 million. Revenues for Q2 07 increased 54% from $224.2 million reported in the first quarter of fiscal year 2007 (Q1 07) and increased 89% from $182.7 million reported in the second quarter of fiscal year 2006 (Q2 06). Q2 07 results include products and services acquired through the McDATA transaction which closed on January 29, 2007.

Commenting on the Company's second quarter results, CEO Michael Klayko said, "The fundamentals of our business remain strong and I am extremely pleased with our execution this quarter. We will continue to execute on our strategy of growth and diversification and we remain committed to delivering exceptional results."

Reporting on a GAAP basis, net income for Q2 07 was $0.8 million, or $0.00 per share basic and diluted. This reflects a decrease in GAAP net income of 98% from $33.3 million, or $0.12 per share basic and diluted in Q1 07, and a decrease of 94% from GAAP net income of $13.5 million, or $0.05 per share basic and diluted in Q2 06. The decrease quarter to quarter reflects the impact of non-cash amortization of purchased intangibles and related income tax adjustments from the McDATA acquisition.

Non-GAAP net income for Q2 07 was $46.6 million or $0.12 per share basic and $0.11 per share diluted. This reflects a decrease of 6% from non-GAAP net income of $49.4 million, or $0.18 per share basic and $0.17 per share diluted in Q1 07, and an increase of 77% from non-GAAP net income of $26.4 million, or $0.10 per share basic and diluted in Q2 06. Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. A detailed reconciliation between GAAP and non-GAAP information is contained in the tables included herein.

Q2 07 Financial Highlights -- In Q2 07, as a percent of total, service revenue exceeded 10% for the first time. -- In Q2 07, as a percent of total, OEM revenues were 85% and Channel/Direct were 15%. This compares to 92% and 8%, respectively in Q1 07 and 93% and 7%, respectively, in Q2 06. Three OEM customers, EMC, HP, and IBM, each accounted for 10% or more of total revenues and together represented approximately 67% of total revenues. The same three customers each accounted for 10% or more of total revenues and together represented approximately 72% in Q1 07 and 70% in Q2 06 of total revenues. -- In Q2 07, as a percent of total, domestic revenue was 65% and international was 35%. This compares to 59% and 41%, respectively in Q1 07 and 63% and 37%, respectively, in Q2 06. -- Q2 07 port growth was 63% from Q1 07, reflecting the addition of McDATA product offerings. This brings the Company's total installed base to approximately 13.2 million installed SAN ports. -- Q2 07 sequential Average Selling Price (ASP) declines were again in the low single digits. -- Q2 07 non-GAAP operating margin was 16.8%, compared to non-GAAP operating margin of 26.1% in Q1 07 and non-GAAP operating margin of 16.6% in Q2 06. -- Q2 07 cash flow from operations was $46.2 million, compared to $33.3 million in Q1 07 and $55.7 million in Q2 06. -- Cash and cash equivalents and investments, including restricted short-term investments, net of the Company's convertible debt at the end of Q2 07 were $674.5 million compared to $631.7 million at the end of Q1 07 and $502.1 million at the end of Q2 06. -- In Q2 07, the Company repurchased $60 million of its common stock, representing 6.3 million shares. The Company has $192.9 million remaining under the outstanding stock buyback authorizations. -- Day sales outstanding in accounts receivable for Q2 07 were 40 days, compared to 38 days in Q1 07 and 38 days in Q2 06. -- Q2 07 capital expenditures were $14.2 million. This compares to $13.4 million in Q1 07 and $7.3 million in Q2 06. -- As of April 28, 2007, the Company had 2,440 employees, compared with 1,532 employees as of January 27, 2007 and 1,316 employees as of April 29, 2006. The increase in employees reflects the acquisition of McDATA Corporation, which closed during Q2 07. -- Q2 07 results include a full quarter of McDATA results. Prior periods do not include McDATA results. -- In Q2 07, the Company executed exceptionally well on its McDATA integration plan. The Company achieved annualized synergies of $131 million, within its upwardly revised target range of $125 to $150 million, three quarters earlier than the original commitment. The transaction was accretive to the Company's acquisition model presented at its analyst meeting in September 2006, three quarters earlier than the original commitment. Finally, on a non-GAAP basis, the Company achieved its target operating margin model of 15-20%. Business Highlights:

Today, Brocade also announced its strategy to further broaden its data center solution portfolio with a new family of server connectivity products. The new Brocade offerings, Host Bus Adapters (HBAs) and Intelligent Server Adapters, are designed to simplify the management and sharing of business- critical information, and are a natural extension of the company's family of industry-leading Brocade Storage Area Network (SAN) solutions. The total market for Host Bus Adapters is estimated to be approximately $1.1 billion (USD) in 2007, according to market research firm Dell'Oro Group. Refer to "Brocade Broadens Data Center Networking Solutions, Enters Billion-dollar Server Connectivity Market" press release for more information.

Additionally, on May 29, 2007, Brocade announced a wide range of new product and service enhancements that enable greater efficiencies in enterprise data centers and branch offices. The new capabilities provide advancements in the areas of performance, data protection, security, and virtualization, and span the company's SAN, FAN, and Professional Services offerings. Refer to "Brocade Increases Enterprise Data Center Efficiencies with Latest SAN and FAN Enhancements" press release for more information.

Brocade completed a multi-region technology conference series throughout North America and Asia-Pacific from February 27 through March 29. The "Brocade Fusion" tour brought together Brocade experts with local customers and partners to discuss the company's comprehensive vision for Storage Area Network (SAN), File Area Network (FAN), mainframe technology, and services offerings.

Brocade announced the general availability of Brocade Access Gateway for HP's BladeSystem product family. Access Gateway enables interoperability between Brocade blade SAN switches and products from other SAN switch and director manufacturers, while also improving SAN management and reducing costs.

Brocade joined The Green Grid, a non-profit consortium dedicated to advancing energy efficiency in data centers and business computing ecosystems. The Green Grid is the first industry initiative chartered to take a holistic view of the computing ecosystem, with a focus on addressing the pressing issues facing data center users. The Company joined The Green Grid to share its expertise and actively work with like-minded companies to meet future challenges around improving energy efficiency.

Brocade customer announcements included NewYork-Presbyterian Hospital, Swiss Re, one of the world's leading reinsurance companies, Dyer, Riddle, Mills & Precourt, Inc. (DRMP), ranked as one of the Top 500 Design Firms in the U.S. by Engineering News-Record, East Coast systems integrator Razor Technology, and San Diego Supercomputer Center (SDSC), a world-acclaimed research center, all of which have achieved benefits of Brocade technologies.

Non-GAAP Financial Measures

This press release and the related conference call contain non-GAAP financial measures. In evaluating the Company's performance, management uses certain non-GAAP financial measures to supplement consolidated financial statements prepared under GAAP.

Management believes that the non-GAAP net income measure used in this press release allows management to gain a better understanding of the Company's comparative operating performance from period-to-period and to its competitors' operating results. Management also believes these non-GAAP measures help indicate the Company baseline performance before gains, losses or charges that are considered by management to be outside on-going operating results. Accordingly, management uses these non-GAAP measures for planning and forecasting of future periods and in making decisions regarding operations performance and the allocation of resources. Management believes these non- GAAP earnings measures, when read in conjunction with the Company's GAAP financials, provide useful information to investors by offering:

-- the ability to make more meaningful period-to-period comparisons of the Company's on-going operating results; -- the ability to better identify trends in the Company's underlying business and perform related trend analysis; -- a better understanding of how management plans and measures the Company's underlying business; and -- an easier way to compare the Company's most recent results of operations against investor and analyst financial models.

Management excludes certain gains or losses and benefits or costs in determining non-GAAP net income that are the result of infrequent events, or arise outside the ordinary course of our continuing operations. Management believes that it is appropriate to evaluate the Company's operating performance by excluding those items that are not indicative of ongoing operating results or limit comparability. Such items include: (i) acquisition and integration costs, (ii) facilities lease losses and (iii) legal fees associated with indemnification obligations to former employees and other related costs.

Management also excludes the following non-cash charges in determining non-GAAP net income: (i) stock-based compensation and (ii) amortization of purchased intangible assets. Because of varying available valuation methodologies, subjective assumptions and the variety of award types, management believes that the exclusion of stock-based compensation allows for more accurate comparisons of our operating results to our peer companies. Further, management believes that excluding stock-based compensation expense allows for a more accurate comparison of our financial results to previous periods during which our equity-based awards were not required to be reflected on our income statement. Management believes that the expense associated with the amortization of acquisition-related intangible assets is appropriate to be excluded because a significant portion of the purchase price for acquisitions may be allocated to intangible assets that have short lives and exclusion of the amortization expense allows comparisons of operating results that are consistent over time for both the Company's newly acquired and long-held businesses.

Finally, management believes that it is appropriate to exclude the tax effects of the items noted above in order to present a more meaningful measure on non-GAAP net income.

Limitations. These non-GAAP measures have limitations, however, because they do not include all items of income and expense that impact the Company. Management compensates for these limitations by also considering the Company's GAAP results. The non-GAAP financial measures the Company uses are not prepared in accordance with, and should not be considered an alternative to, measurements required by GAAP, such as operating income, net income and income per share, and should not be considered measures of the Company's liquidity. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measures. In addition, these non-GAAP financial measures may not be comparable to similar measures reported by other companies.

Second Quarter Fiscal 2007 Conference Call and Web Cast Information

Brocade management will host a conference call to discuss second quarter fiscal 2007 results on Thursday, May 31, 2007 at 1:30 p.m. Pacific Time. To access the live Web Cast, please visit Brocade's Website at http://www.brocade.com/investors at least 20 minutes prior to the call to download any necessary audio or plug-in software. A telephone replay will be available after 6:00 p.m. Pacific Time today and will be available until 6:00 p.m. Pacific Time on June 7, 2007. A replay of the conference call will be available via the Web Cast at http://www.brocade.com/investors for approximately twelve months. To access the replay, please dial 888-286-8010 for domestic access and +617-801-6888 for international callers; the access code for the telephone replay is #55422585.

Cautionary Statement

This press release contains statements that are forward-looking in nature, including statements regarding the Company's product and service offerings and market opportunities. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties, which may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, the degree of market adoption of the Company's new product and service offerings; the effect of changes in IT spending levels; the Company's ability to anticipate future OEM and end-user product needs or to accurately forecast end-user demand; dependence on strategic partners; expected synergies of the Company's acquisitions and anticipated cost savings; the ability to successfully combine product, service and support offerings and customer acceptance of combined offerings; market competition; and the Company's ability to manage its business effectively in a rapidly evolving market. Certain of these and other risks are set forth in more detail in "Item 1A. Risk Factors" in Brocade's Quarterly report on Form 10-Q for the fiscal quarter ended January 27, 2007. Brocade does not assume any obligation to update or revise any such forward- looking statements, whether as the result of new developments or otherwise.

About Brocade

Brocade is the leading provider of networked storage solutions that help organizations connect, share, and manage their information. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management. For more information, visit the Brocade Web site at http://www.brocade.com/ or contact the company at info@brocade.com.

Brocade, Brocade B weave logo, McDATA, Fabric OS, File Lifecycle Manager, MyView, Secure Fabric OS, SilkWorm, and StorageX are registered trademarks and the Brocade B wing logo and Tapestry are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. FICON is a registered trademark of IBM Corporation in the U.S. and other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.

BROCADE COMMUNICATIONS SYSTEMS, INC. GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) Three Months Ended Six Months Ended April 28, April 29, April 28, April 29, 2007 2006 2007 2006 Net revenues Product $300,438 $168,668 $507,654 $325,968 Services 44,830 14,074 61,771 26,856 Total net revenues 345,268 182,742 569,425 352,824 Cost of revenues Product 129,652 69,119 201,964 130,989 Services 33,440 8,479 43,918 15,990 Total cost of revenues 163,092 77,598 245,882 146,979 Gross margin 182,176 105,144 323,543 205,845 Operating expenses: Research and development 58,303 40,725 100,694 79,467 Sales and marketing 59,364 34,313 97,951 65,181 General and administrative 13,570 7,296 20,975 15,097 Legal fees associated with indemnification obligations and other related costs 15,234 3,160 20,462 7,189 Acquisition and integration costs 7,564 -- 14,997 -- Provision for SEC settlement -- -- -- 7,000 Amortization of intangible assets 19,305 518 20,215 518 Facilities lease losses -- 3,775 -- 3,775 Total operating expenses 173,340 89,787 275,294 178,227 Income from operations 8,836 15,357 48,249 27,618 Interest and other income, net 10,788 7,206 18,244 14,236 Interest expense (2,054) (1,838) (2,058) (3,615) Income before provision for income taxes 17,570 20,725 64,435 38,239 Income tax provision 16,727 7,212 30,273 15,066 Net income $843 $13,513 $34,162 $23,173 Net income per share - Basic $0.00 $0.05 $0.10 $0.09 Net income per share - Diluted $0.00 $0.05 $0.10 $0.08 Shares used in per share calculation - Basic 395,574 270,564 334,215 269,982 Shares used in per share calculation - Diluted 411,989 274,393 348,563 273,247 BROCADE COMMUNICATIONS SYSTEMS, INC. GAAP CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) April 28, October 28, 2007 2006 Assets Current assets: Cash and cash equivalents $363,838 $274,368 Short-term investments 391,694 267,694 Total cash, cash equivalents, and short-term investments 755,532 542,062 Accounts receivable, net 151,595 98,394 Inventories 26,406 8,968 Prepaid expenses and other current assets 46,687 43,365 Total current assets 980,220 692,789 Long-term investments 80,981 40,492 Property and equipment, net 201,303 104,299 Goodwill 419,704 41,013 Intangible assets, net 311,976 15,465 Other assets 29,370 6,660 Total assets $2,023,554 $900,718 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $77,797 $56,741 Accrued employee compensation 91,885 62,842 Deferred revenue 87,705 52,051 Current liabilities associated with lease losses 13,943 4,931 Other accrued liabilities 201,848 87,991 Total current liabilities 473,178 264,556 Convertible subordinated debt 161,970 -- Non-current liabilities associated with lease losses 26,354 11,105 Non-current deferred revenue 38,283 8,827 Other non-current liabilities 1,513 -- Stockholders' equity Common stock 1,547,688 889,250 Accumulated other comprehensive loss 12,610 (817) Accumulated deficit (238,042) (272,203) Total stockholders' equity 1,322,256 616,230 Total liabilities and stockholders' equity $2,023,554 $900,718 BROCADE COMMUNICATIONS SYSTEMS, INC. GAAP CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW (in thousands) (unaudited) Six Months Ended April 28, April 29, 2007 2006 Cash flows from operating activities: Net income $34,161 $23,173 Adjustments to reconcile net income to net cash provided by operating activities: Excess tax benefit from employee stock plans (161) (6,587) Depreciation and amortization 40,802 18,551 Loss on disposal of property and equipment 203 200 Amortization of debt issuance costs -- 851 Non-cash compensation expense 14,729 14,899 Provision for doubtful accounts receivable and sales returns 3,241 744 Provision for SEC settlement -- 7,000 Non-cash facilities lease loss expense -- 3,775 Changes in operating assets and liabilities: Accounts receivable 52,156 (6,180) Inventories (4,585) 2,807 Prepaid expenses and other assets (8,997) (2,915) Accounts payable (20,938) 10,463 Accrued employee compensation (22,272) 11,013 Deferred revenue 12,274 10,163 Other accrued liabilities and long-term debt (18,385) 2,156 Liabilities associated with lease losses (2,653) (2,419) Net cash provided by operating activities 79,575 87,694 Cash flows from investing activities: Purchases of property and equipment (27,587) (15,473) Purchases of short-term investments (290,890) (138,184) Purchases of restricted short-term investments -- (3,309) Proceeds from maturities and sale of short-term investments 377,833 135,484 Purchases of long-term investments (91,801) (12,568) Proceeds from maturities and sale of long-term investments 5,847 -- Proceeds from the maturities of restricted short-term investments -- 2,909 Purchases of non-marketable minority equity investments -- (4,575) Cash paid in connection with acquisitions, net of cash acquired (7,704) (59,887) Decrease in restricted cash 5,839 -- Cash acquired on merger with McDATA 147,407 -- Net cash provided (used) in investing activities 118,944 (95,603) Cash flows from financing activities: Excess tax benefit from employee stock plans 161 6,587 Payments on capital lease obligations (706) -- Common stock repurchase program (59,874) -- Redemption of outstanding convertible debt (124,185) -- Proceeds from issuance of common stock, net 75,700 15,162 Net cash provided (used) by financing activities (108,904) 6,819 Effect of exchange rate fluctuations on cash and cash equivalents (145) 98 Net increase (decrease) in cash and cash equivalents 89,470 (992) Cash and cash equivalents, beginning of period 274,368 182,001 Cash and cash equivalents, end of period $363,838 $181,009 BROCADE COMMUNICATIONS SYSTEMS, INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP NET INCOME (in thousands, except per share data) (unaudited) Q2 07 Q1 07 Q2 06 Net income on a GAAP basis $843 $33,318 $13,513 Adjustments: Stock-based compensation expense included in cost of revenues 2,236 1,441 2,007 Total gross margin adjustments 2,236 1,441 2,007 Legal fees associated with indemnification obligations and other related costs 15,234 5,228 3,160 Stock-based compensation expense included in research and development 2,056 1,998 2,698 Stock-based compensation expense included in sales and marketing 1,682 1,386 1,543 Stock-based compensation expense included in general and administrative 944 653 681 Amortization of intangible assets 19,305 910 518 Facilities lease loss -- -- 3,775 Acquisition and Integration costs 7,564 7,433 585 Total operating expense adjustments 46,785 17,608 12,960 Total operating income adjustments 49,021 19,049 14,967 Income tax effect of adjustments (3,250) (2,936) (2,068) Non-GAAP net income $46,614 $49,431 $26,412 Non-GAAP net income per share - Basic $0.12 $0.18 $0.10 Non-GAAP net income per share - Diluted $0.11 $0.17 $0.10 Shares used in non-GAAP per share calculation - Basic 395,574 272,855 270,564 Shares used in non-GAAP per share calculation - Diluted 411,989 285,137 274,393 See explanation of non-GAAP information included herein.

Brocade Communications Systems, Inc.

CONTACT: Media, Michelle Leach, +1-408-705-8237,
michelle.leach@brocade.com, or Investors, Shirley Stacy, +1-408-333-5184,
shirley.stacy@brocade.com, both of Brocade; or Ian Yellin of Ogilvy PR,
+1-415-677-2714, ian.yellin@ogilvypr.com, for Brocade

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

Brocade Broadens Data Center Networking Solutions, Enters Billion-dollar Server Connectivity MarketNew Host Bus Adapters and Intelligent Server Adapters Improve Data Center Connectivity, End-to-End Performance, and Total Cost of Ownership

SAN JOSE, Calif., May 31 /PRNewswire-FirstCall/ -- Brocade(R) , the leader in networked storage solutions that help enterprises connect and manage their information, today announced its strategy to further broaden its data center solutions portfolio with a new family of server connectivity products. The new Brocade offerings, including Host Bus Adapters (HBAs) and Intelligent Server Adapters, are designed to simplify the management and sharing of business-critical information, and are a natural extension of the company's family of industry-leading Storage Area Network (SAN) solutions. The total market for HBAs is estimated to be approximately $1.1 billion (USD) in 2007, according to market research firm Dell'Oro Group.

Data centers around the world are being transformed by the need to accommodate and manage rapidly growing volumes of data. This data growth is driving the requirement for new technologies and solutions that can provide greater scalability and simplification, along with lower operating costs. Server connectivity products are critical for the implementation of SANs, end-to-end data center networking, and server virtualization solutions -- all of which play an important role in driving next-generation data center efficiencies.

"Customers have been asking for new approaches to help address data center transformation and consolidation, and we believe that we can bring innovation to the market with broader end-to-end connectivity across servers, SANs, and data center networks," said Tom Buiocchi, Brocade Vice President of Worldwide Marketing. "By adding server connectivity products to our leadership SAN portfolio, we are now uniquely positioned to address broader data center requirements and increase the value that we deliver to enterprise customers."

"Boosting the scalability, reliability, and efficiency of today's enterprise data center is a critical challenge for IT executives as they respond to business requirements for new applications, better service, and lower cost of operations. They need a data center infrastructure -- including servers, storage, and connectivity -- that allows them to take advantage of critical technologies such as server virtualization, data mobility, and robust data protection," said Rick Villars, Vice President of Storage Systems Research at IDC. "Brocade's expanded portfolio of intelligent server connectivity products and its plans to add innovative solutions for IT resource management and data mobility makes it clear that the company plans to play a leading role in helping enterprises design, build, and leverage next-generation data center solutions."

New High-Performance HBAs Address Flexible SAN Connectivity Needs

HBAs today are used to connect servers to storage and other data center network resources, enabling greater flexibility and more centralized resource management -- both of which contribute to lower costs.

Today's announcement includes products that can connect servers to data center and storage networks through either Fibre Channel or Ethernet protocols:

-- The Brocade 2110 iSCSI Initiator HBA offers the highest-performance iSCSI connections for enterprise servers running Microsoft Windows or Linux operating systems. It also contributes to low cost of ownership and operation with the industry's lowest power consumption and exceptional ease of use. -- Brocade is also introducing a family of high-performance 4 Gbit/sec Fibre Channel HBAs that feature an industry-standard PCI-Express design. These single- and dual-port products support multiple operating systems across a wide range of enterprise servers, and meet stringent testing, quality, and reliability standards. Next-Generation Intelligent Server Adapters

Brocade is also outlining-plans regarding its next-generation server connectivity products, including 8 Gbit/sec Fibre Channel and 10 Gigabit Ethernet offerings. These Intelligent Server Adapters are expected to combine the functionality of today's HBAs with a number of advanced features, including tighter integration with next-generation SAN switching and data center networking technologies.

The Brocade 2110 is available immediately from Brocade and its channel partners. The new Brocade 4 Gbit/sec Fibre Channel HBAs are expected to be available in at the end of July 2007, and the next-generation Brocade Intelligent Server Adapters are planned to be available in 2008. All of the products will be fully tested and supported by the Brocade worldwide engineering, service, and support organization.

Cautionary Statement

This press release contains forward-looking statements, including statements regarding the Company's new server connectivity product offerings, product roadmap, and market opportunities. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties, which may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, the level of market acceptance of the Company's new product offerings, including the rate of customer adoption of such products; the effect of competition; the effect of changes in IT spending levels; the Company's ability to anticipate future OEM and end-user product needs or to accurately forecast end-user demand; dependence on strategic partners; and the Company's ability to manage its business effectively in a rapidly evolving market. These and other risks are set forth in more detail in the section entitled "Item 1A. Risk Factors" under Part II in the Company's quarterly report on Form 10-Q for the quarter ended January 27, 2007. Brocade assumes no obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise.

About Brocade

Brocade, the Brocade B-weave logo, Fabric OS, File Lifecycle Manager, MyView, Secure Fabric OS, SilkWorm, and StorageX are registered trademarks and the Brocade B-wing symbol and Tapestry are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. FICON is a registered trademark of IBM Corporation in the U.S. and other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.

Brocade

CONTACT: media relations, Michelle Leach, +1-408-333-5319,
mleach@brocade.com, or investor relations, Shirley Stacy, +1-408-333-5752,
sstacy@brocade.com, both of Brocade; or investor relations, Ian Yellin of
Ogilvy PR, +1-415-677-2714, ian.yellin@ogilvypr.com, for Brocade

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

General Dynamics Awarded $31 Million Option for Production of Tactical Satellite Communications Terminals

NEWTON, N.C., May 31 /PRNewswire-FirstCall/ -- General Dynamics SATCOM Technologies has been awarded a $30.5 million follow-on order for satellite communications terminals that will be used in the U.S. Marine Corps Support Wide Area Network (SWAN) program. The U.S. Army Communications-Electronics Lifecycle Management Command, Ft. Monmouth, N.J., is the contracting authority. The order is the first of four options on an indefinite delivery/indefinite quantity contract that has a total potential value of $160 million if all options are exercised.

The terminals will provide deployed warfighters with robust, beyond-line- of-sight communications for a broad spectrum of information services including video, multimedia, data and imagery.

Under this order, the U.S. Marine Corps is requesting quantities of General Dynamics Warrior 120 (1.2-meter) and Warrior 180 (1.8-meter) very small aperture (VSAT) flyaway terminals and 2.4-meter trailer-mounted terminals for quick-setup tactical communications.

The Marine's SWAN program is acquiring this equipment through the World- Wide Satellite Systems (WWSS) contract, which is intended to provide communications systems that are capable of overcoming existing and projected bandwidth constraints for Department of Defense transformation programs worldwide. WWSS is available to support all federal communications missions, including disaster relief and homeland security efforts.

General Dynamics SATCOM Technologies is a leading supplier of emergency, strategic and tactical satcom ground terminals for reachback and range extension, including complete communications interoperability and control of fixed and mobile terminals. Additionally, the company offers a full line of satcom electronics products including VertexRSI brand solid-state power amplifiers, controls systems and tracking receivers. The company also supplies Prodelin(R) brand VSAT antennas and Gabriel(TM) brand antennas for microwave applications. General Dynamics SATCOM Technologies is a part of General Dynamics C4 Systems, a leading integrator of secure communication and information systems and technology. Additional information about products and services is available at http://www.gdsatcom.com/.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 82,600 people worldwide and had 2006 revenues of $24.1 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available online at http://www.generaldynamics.com/.

General Dynamics SATCOM Technologies

CONTACT: Chris SnappTel, +1-508-880-1636, Fax: +1-508-880-4388,
Chris.Snapp@gdc4s.com

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

KEMET Adds Flexible Termination to Their Product Portfolio

GREENVILLE, South Carolina, May 31 /PRNewswire/ --

KEMET Corporation (NYSE: KEM) announces the expansion of its surface mount X7R Multi-layer ceramic capacitor portfolio with the introduction of the flexible termination FT-CAP.

The FT-CAP's unique end termination technology adds pliability, shifting any flex stress into the termination area-and away from the ceramic body and the component's active layers. This reduces the risk of capacitor failure due to an electrical short and is ideal for customers who seek an increased measure of protection from board flex. The FT-CAP offers up to 5mm of flex-bend capability, giving customers a flex mitigation option for higher capacitance part types and complementing KEMET's current Open Mode and Floating Electrode technologies.

"Our introduction of the Flex Term product illustrates KEMET's desire to develop leading-edge product solutions and technologies," says Aziz Tajuddin, Vice President of Ceramic Technology. "KEMET is striving to become 'The Capacitance Company,' and these world-class offerings represent a significant step toward reaching that goal."

Current case size offerings range from EIA 0603 up to 1210, with expansion to larger case sizes in the near future. These devices have an operating temperature range between -55 degrees C and +125 degrees C, with zero bias capacitance shift limited to +/- 15% over that range. All parts are environmentally friendly in compliance with RoHS legislation, and are being offered with 100% pure matte tin-plated terminations, which allow for excellent solderability.

FT-CAPS will range in price from US$0.024 to US$0.468.

KEMET Corporation applies world-class service and quality to deliver industry-leading, high-performance capacitance solutions to its customers around the world. KEMET offers the world's most complete line of surface-mount and through-hole capacitor technologies across tantalum, ceramic, aluminum, film and paper dielectrics. KEMET's common stock is listed on The New York Stock Exchange under the symbol KEM. Additional information can be found at http://www.kemet.com.

Contact: Dean W. Dimke Director of Corporate and Marketing Communication +1-864-228-4448 deandimke@kemet.com Corey Antoniades Associate Product Manager Ceramic Business Unit +1-864-228-4485 coreyantoniades@kemet.com

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

KEMET Corporation

Corey Antoniades, Associate Product Manager, Ceramic Business Unit, +1-864-228-4485, coreyantoniades@kemet.com; or Dean W. Dimke, Director of Corporate and Marketing Communication, deandimke@kemet.com, +1-864-228-4448, both of KEMET Corporation

KEMET Adds Flexible Termination to Their Product Portfolio

GREENVILLE, S.C., May 31 /PRNewswire-FirstCall/ -- KEMET Corporation announces the expansion of its surface mount X7R Multi-layer ceramic capacitor portfolio with the introduction of the flexible termination FT-CAP.

The FT-CAP's unique end termination technology adds pliability, shifting any flex stress into the termination area-and away from the ceramic body and the component's active layers. This reduces the risk of capacitor failure due to an electrical short and is ideal for customers who seek an increased measure of protection from board flex. The FT-CAP offers up to 5mm of flex- bend capability, giving customers a flex mitigation option for higher capacitance part types and complementing KEMET's current Open Mode and Floating Electrode technologies.

FT-CAPS will range in price from $0.024 to $0.468.

Contact: Dean W. Dimke Director of Corporate and Marketing Communication 864-228-4448 deandimke@kemet.com Corey Antoniades Associate Product Manager Ceramic Business Unit 864-228-4485 coreyantoniades@kemet.com

KEMET Corporation

CONTACT: Corey Antoniades, Associate Product Manager, Ceramic Business
Unit, +1-864-228-4485, coreyantoniades@kemet.com; or Dean W. Dimke, Director
of Corporate and Marketing Communication, deandimke@kemet.com,
+1-864-228-4448, both of KEMET Corporation

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

BioSource Solutions Developing Process to Implement Nanotechnology into Existing Product Line

ELMSDALE, Nova Scotia, May 31 /PRNewswire-FirstCall/ -- BioSource Solutions Inc. (Pink Sheets: BISL) -- research and development department is in the process of testing several formulations in their existing product line to implement the revolutionary nanotechnology. This incredibly advanced technology uses the creation and utilization of materials, devices and systems through the manipulation of matter at scales less than 100 nanometers, where 1 nanometer (nm) is one billionth of a meter in size. Nanotechnology creates less waste by building materials from a very small starting point. Sectors producing the greatest revenues using nanotechnology include chemical, mechanical, polishing, magnetic recording tapes, sunscreens and automotive catalyst supports. Since BioSource Solutions product line falls into these categories the Company is diligently pursuing this innovative application. Initially, the Company looks to bring this technology to their recently introduced new line of biodegradable, botanical and biological based products. "Ideally, we would like to see nanotechnology implemented in our consumer household specialty items, as well as our automotive and marine product formulations. It is crucial that while implementing the nanotechnology to these products we maintain their structural and environmental integrity", stated Company Vice-President, Bob Pieroway, Jr. BioSource Solutions receive several inquiries regarding the availability of products that utilize nanotechnology. As the demand for products that use nanotechnology continues to escalate, BioSource Solutions intends to be at the forefront, benefiting economically from this rapidly developing new market.

http://www.biosourcesolutionsinc.com/ About BioSource Solutions Inc.

BioSource Solutions Inc. is a North American manufacturer of biodegradable, biological and consumer cleaning products. Formed in 2005, our companies primary focus is on the "niche" market of biological and botanical products that keep in pace with strong consumer and environmental demands to provide safe alternatives. BioSource Solutions extensive product line consists from 75 products of which 22 are bacteriological and or botanical based formulations. The product line includes odour removal, waste remediation solutions to a complete line of janitorial, automotive, marine and consumer household specialty products. Most recently the company has introduced 12 new botanically based environmentally responsible products bringing the total line of products to 75 to date. Our company retail products are proudly offered through eight major national retailers through out North America. In addition the Company has product distribution in North America through a leading MLM retailer and product representation with a major distributor in the Ukraine. BioSource Solutions Inc. has quickly established itself as a "Go To" company in offering customized private label, private formulations for both retail and commercial customers.

Many of BioSource Solutions Inc. biological retail products have earned the recognition of being safer effective alternatives for the environment and more importantly, the consumer.

As we aggressively build on the Company's international business awareness, BioSource is actively seeking representation of our environmentally responsible products in Europe.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward- looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

BioSource Solutions Inc.

CONTACT: Ed Emmons, BioSource Solutions Inc., +1-416-361-9001, 866-471-
5928, or http://www.biosourcesolutionsinc.com/

OmniVision Reports Financial Results for Fourth Quarter and Fiscal 2007~ Company Reports $119.2 Million in Fiscal Fourth Quarter Revenue ~~ Expects Revenue to Increase Sequentially 30% to 38% to $155-165 Million in First Quarter of new Fiscal Year ~

SUNNYVALE, Calif., May 31 /PRNewswire-FirstCall/ -- OmniVision Technologies, Inc. , a leading supplier of CMOS image sensors, today reported financial results for the fiscal fourth quarter and fiscal year ended April 30, 2007.

Revenue for the fourth quarter was $119.2 million, compared to $134.4 million in the third quarter of fiscal 2007, and $131.8 million in the fourth quarter of fiscal 2006. GAAP net loss in the fourth quarter, which includes stock-based compensation expense and the related tax effects under FAS 123(R), was $1.5 million, or ($0.03) per share, compared to GAAP net income of $4.1 million, or $0.07 per diluted share, in the third quarter of fiscal 2007. GAAP net income in the fourth quarter of fiscal 2006, prior to the Company's adoption of FAS 123(R), was $22.5 million, or $0.39 per diluted share.

Non-GAAP net income in the fiscal 2007 fourth quarter, which excludes stock-based compensation expense and the related tax effects, was $3.1 million and non-GAAP earnings were $0.06 per diluted share.

Revenue for the 2007 fiscal year was $528.1 million, compared to $491.9 million in fiscal 2006. GAAP net income for the 2007 fiscal year was $24.0 million, or $0.43 per diluted share, compared to net income of $89.1 million, or $1.56 per diluted share, in fiscal 2006.

Non-GAAP net income for the fiscal year, which excludes stock-based compensation expense, litigation expense and the related tax effects, was $52.1 million and non-GAAP earnings were $0.93 per diluted share. Refer to the attached schedule for a reconciliation of GAAP net income/loss to non-GAAP net income/loss for the three months and fiscal year ended April 30, 2007.

Gross margin for the fourth quarter of fiscal 2007 was 22.3%, compared to 24.9% for the third quarter. The reduction in gross margin reflects a shift in the Company's product mix in the quarter towards lower-margin VGA products.

The Company ended the period with cash, cash equivalents and short-term investments totaling $305.3 million, a decrease of $35.5 million from the previous quarter. The reduction reflects principally the $27 million that the Company contributed in the quarter to VisEra, its joint venture with TSMC, and the purchase of a complex of buildings in Santa Clara, California.

"Customer demand began to strengthen soon after our last conference call," said Shaw Hong, OmniVision's president and chief executive officer, "and continued to strengthen as the quarter progressed. We believe that our portfolio of leading products will serve us well as the market shift to higher resolution products begins and the number of phones with a second camera for video-conferencing increases. We believe that these trends are now in their early stages and will continue throughout the year."

"We also believe that our newest architecture, OmniPixel3(TM), which we announced last week, positions us well for the subsequent phase of this transition. We expect to announce shortly the launch of our first product based on the new architecture, a high performance 3.2 megapixel image sensor for high end slim phones on the all important quarter-inch form factor," concluded Hong.

Outlook

Based on current trends, the Company expects fiscal first quarter 2008 revenues will be in the range of $155 to $165 million and earnings will be between $0.03 and $0.11 per share on a diluted basis. Excluding the estimated expense and related tax effects associated with stock-based compensation in accordance with FAS 123(R), the Company expects its non-GAAP net income will be in the range of $0.13 per share to $0.21 per share on a diluted basis. Refer to the table below for a reconciliation of GAAP to non-GAAP net income.

Conference Call

OmniVision Technologies will host a conference call today at 2:00 p.m. Pacific Time to further discuss these results. This conference call can be accessed via a webcast at http://www.ovt.com/. The call may also be accessed by dialing 800-638-4930 or 617-614-3944 and indicating passcode 95892183.

A replay of the call will remain available at http://www.ovt.com/ for approximately twelve months. A replay of the call will also be available for 48 hours beginning approximately one hour after the call. To access the replay, dial 888-286-8010 or 617-801-6888 and enter passcode 34233128.

About OmniVision

OmniVision Technologies, Inc. designs and markets high-performance semiconductor image sensors. Its OmniPixel(R), OmniPixel2(TM), OmniPixel3(TM) and CameraChip(TM) products are highly integrated single-chip CMOS image sensors for mass-market consumer and commercial applications such as mobile phones, digital still cameras, security and surveillance systems, interactive video games, PCs and automotive imaging systems. Additional information is available at http://www.ovt.com/.

Safe Harbor Statement

Certain statements in this press release, including statements relating to the Company's expectations regarding (i) the anticipated market shift to higher resolution products and increase in the number of phones with a second camera, the continuation of such trends and our positioning of products based on our new architecture to take advantage of such trends and transition, and (ii) revenues and earnings per share for the quarter ending July 31, 2007 are forward-looking statements. These forward-looking statements are based on management's current expectations, and certain factors could cause actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, competition in current and emerging markets for image sensor products, including pricing pressures; the Company's ability to obtain design wins from various image sensor device manufacturers including manufacturers of mobile phone, laptops and PCs, digital still cameras and automobile manufacturers; wafer manufacturing yields and other manufacturing processes; the Company's ability to accurately forecast customer demand for its products; the development, production, introduction and marketing of new products and technology; the potential loss of one or more key customers or distributors; the continued growth and development of current markets and the emergence of new markets in which the Company sells, or may sell, its products; the acceptance of the Company's products in such current and new markets; the Company's strategic investments and relationships, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings and reports, including, but not limited to, the Company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q. The Company expressly disclaims any obligation to update information contained in any forward-looking statement.

Use of Non-GAAP Financial Information

To supplement the reader's overall understanding both of its reported results presented in accordance with U.S. generally accepted accounting principles ("GAAP") and its outlook, the Company also presents non-GAAP measures of net income and earnings per share which are adjusted from results based on GAAP. In particular, the Company excludes stock-based compensation expense under FAS 123(R), litigation settlement expenses and the related tax effects. The non-GAAP financial measures, which the Company discloses also exclude the effects of FAS 123(R) on the number of diluted common shares used in calculating non-GAAP diluted earnings per share. The Company provides these non-GAAP financial measures to enhance an investor's overall understanding of its current financial performance, to allow for a better comparison of results to those in prior periods that did not include such expenses and to assess its prospects for the future. These non-GAAP financial measures reflect an additional way of viewing aspects of the Company's operations that, when viewed with its GAAP results and the accompanying reconciliations to the corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting the Company's business. The economic basis for the Company's decision to use non-GAAP financial measures is that the adjustments to net income did not reflect the on-going relative strength of its performance. The Company's prior year operating results did not include any similar adjustments. The Company's objective is to minimize any confusion in the financial markets by providing non-GAAP net income (loss) and non-GAAP earnings (loss) per share measurements and disclosing the related components. These non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the financial measures prepared in accordance with GAAP statements.

The Company uses non-GAAP financial measures for internal management purposes to conduct and evaluate its business, when publicly providing its business outlook and to facilitate period-to-period comparisons. The Company views non-GAAP net income per share as a primary indicator of the profitability of its underlying business. In addition, because stock-based compensation is a non-cash expense and is offset in full by a credit to paid- in capital, it has no effect on total stockholders' equity. A material limitation associated with the use of these measures as compared to the related GAAP measures is that the non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. Other than share-based compensation, these differences may cause the Company's non-GAAP measures to not be directly comparable to other companies' non-GAAP measures. Although these non-GAAP financial measures adjust cost, expenses and diluted share items to exclude the accounting treatment of share-based compensation, they should not be viewed as a non-GAAP presentation reflecting the elimination of the underlying share-based compensation programs. Thus, the Company's non-GAAP presentations are not intended to present, and should not be used, as a basis for assessing what its operating results might be if it were to eliminate its share-based compensation programs. The Company compensates for these limitations by providing full disclosure of the net income and earnings per share on a basis prepared in accordance with GAAP to enable investors to consider net income and earnings per share determined under GAAP as well as on an adjusted basis, and perform their own analysis, as appropriate. As a result of the foregoing limitations, the Company does not use nor does the Company intend to use the non-GAAP financial measures when assessing the Company's performance against that of other companies.

Estimating stock-based compensation expense and the related tax effects for a future period is subject to inherent risks and uncertainties, including but not limited to the price of the Company's stock and the number of option exercises and sales during the quarter.

OMNIVISION TECHNOLOGIES, INC. RECONCILIATION OF GUIDANCE FOR GAAP EARNINGS PER SHARE TO PROJECTED NON-GAAP EARNINGS PER SHARE (unaudited) Three Months Ending July 31, 2007 GAAP Non-GAAP Range of Estimates Range of Estimates From To Adjustment From To Earnings per share $0.03 $0.11 $0.10(1) $0.13 $0.21 (1) Reflects estimated adjustment for expense and related tax effects associated with stock-based compensation in accordance with FAS123(R). OMNIVISION TECHNOLOGIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts) (unaudited) April 30, 2007 2006 ASSETS Current assets: Cash and cash equivalents $190,878 $240,227 Short-term investments 114,432 114,278 Accounts receivable, net 65,666 65,916 Inventories 119,663 54,973 Refundable and deferred income taxes 3,356 1,708 Prepaid expenses and other current assets 8,717 9,158 Recoverable insurance proceeds 13,000 - Total current assets 515,712 486,260 Property, plant and equipment, net 64,363 38,010 Long-term investments 67,281 18,673 Goodwill 7,541 4,892 Intangibles, net 20,493 26,245 Other non-current assets 12,669 3,189 Total assets $688,059 $577,269 LIABILITIES, MINORITY INTEREST AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $56,290 $42,770 Accrued expenses and other current liabilities 17,524 21,351 Litigation settlement accrual 13,750 - Accrued income taxes payable 61,617 52,406 Deferred income 8,873 6,329 Current portion of long-term debt 631 152 Total current liabilities 158,685 123,008 Long-term liabilities: Long-term debt 27,576 308 Other long-term liabilities 6,998 4,033 Total long-term liabilities 34,574 4,341 Total liabilities 193,259 127,349 Minority interest 4,344 27,113 Stockholders' equity: Common stock, $0.001 par value; 100,000 shares authorized; 60,811 shares issued and 54,941 outstanding at April 30, 2007 and 59,744 shares issued and 53,874 outstanding at April 30, 2006, respectively 61 60 Additional paid-in capital 329,012 285,112 Accumulated other comprehensive income 867 1,092 Treasury stock, 5,870 shares at April 30, 2007 and 2006 (79,568) (79,568) Retained earnings 240,084 216,111 Total stockholders' equity 490,456 422,807 Total liabilities, minority interest and stockholders' equity $688,059 $577,269 OMNIVISION TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended Year Ended April 30, April 30, 2007 2006 2007 2006 Revenues $119,231 $131,829 $528,143 $491,926 Cost of revenues 92,628 83,266 372,776 310,250 Gross profit 26,603 48,563 155,367 181,676 Operating expenses: Research, development and related 15,550 11,679 67,570 40,572 Selling, general and administrative 13,822 10,245 58,674 35,320 Litigation settlement - - 3,300 - Total operating expenses 29,372 21,924 129,544 75,892 Income (loss) from operations (2,769) 26,639 25,823 105,784 Interest income, net 3,616 2,604 14,580 8,949 Other income (expense), net (2,175) (323) (1,285) 933 Income (loss) before income taxes and minority interest (1,328) 28,920 39,118 115,666 Provision for income taxes 199 5,784 9,392 23,133 Minority interest (74) 603 5,753 3,385 Net income (loss) $(1,453) $22,533 $23,973 $89,148 Net income (loss) per share: Basic $(0.03) $0.42 $0.44 $1.64 Diluted $(0.03) $0.39 $0.43 $1.56 Shares used in computing net income (loss) per share: Basic 54,929 53,529 54,706 54,268 Diluted 54,929 57,229 55,234 56,958 OMNIVISION TECHNOLOGIES, INC. RECONCILIATION OF GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME (in thousands, except per share data) (unaudited) Three Months Ended Year Ended April 30, April 30, 2007 2006 2007 2006 GAAP net income (loss) $(1,453) $22,533 $23,973 $89,148 Add: Stock-based compensation in cost of revenues 795 - 3,716 - Stock-based compensation in research, development and related expenses 2,838 - 12,521 - Stock-based compensation in selling, general and administrative expenses 3,143 - 13,423 - Less: Provision for income taxes without the effect of stock-based compensation (2,187) - (3,699) - Non-GAAP net income after adjustment for stock-based compensation 3,136 22,533 49,934 89,148 Add: Litigation settlement expense - - 3,300 - Less: Provision for income taxes without the effect of litigation settlement expense - - (1,155) - Non-GAAP net income $3,136 $22,533 $52,079 $89,148 Diluted non-GAAP net income per share $0.06 $0.39 $0.93 $1.56 Shares used in computing diluted non-GAAP net income per share 55,637 57,229 55,955 56,958

OmniVision Technologies, Inc.

CONTACT: Investor Relations, Steven Horwitz, OmniVision Technologies,
Inc., +1-408-542-3263

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

Sanmina-SCI Corporation Invites You to Join Its Fiscal 2007 Third Quarter Earnings Conference Call

SAN JOSE, Calif., May 31 /PRNewswire-FirstCall/ -- Sanmina-SCI Corporation announced today that it will host its fiscal 2007 third quarter earnings conference call on Wednesday, July 25, 2007 at 5:00 PM ET. Mr. Jure Sola, Chairman and Chief Executive Officer of Sanmina-SCI Corporation will lead the call.

What: Sanmina-SCI Corporation's Fiscal 2007 Third Quarter Earnings When: Wednesday, July 25, 2007 at 5:00 PM ET Web Link: http://www.sanmina-sci.com/ Teleconference Dial in Number: 877.273.6760 - Domestic Information: 706.634.6605 - International Contact: Sanmina-SCI's Investor Relations at 408.964.3610 About Sanmina-SCI

Sanmina-SCI Corporation is a leading electronics contract manufacturer serving the fastest-growing segments of the global electronics manufacturing services (EMS) market. Recognized as a technology leader, Sanmina-SCI provides end-to-end manufacturing solutions, delivering unsurpassed quality and support to OEMs primarily in the communications, defense and aerospace, industrial and medical instrumentation, computing, and multimedia and consumer sectors. Sanmina-SCI has facilities strategically located in key regions throughout the world. More information regarding the company is available at http://www.sanmina-sci.com/.

Sanmina-SCI Corporation

CONTACT: Paige Bombino, Investor Relations of Sanmina-SCI,
+1-408-964-3610

Web site: http://www.sanmina-sci.com/

CACI Completes Acquisition of Institute for Quality Management, Inc.Acquisition Expands CACI's Services to Intelligence and Homeland Security Markets

ARLINGTON, Va., May 31 /PRNewswire-FirstCall/ -- CACI International Inc announced today that it has completed its transaction to purchase the stock of the Institute for Quality Management, Inc. (IQM). IQM is a leading provider of performance management consulting and operational support services to the Intelligence Community and homeland security markets.

Headquartered in Fairfax, Virginia, IQM offers solutions in organizational performance management, organizational development, and training; financial and program management; process improvement and ISO systems and certification; and intelligence production. IQM's revenue is expected to be approximately $20 million for its fiscal year ending December 31, 2007. CACI anticipates the transaction will be accretive to CACI's fiscal year ending June 30, 2008.

The majority of IQM employees hold Top Secret clearances with special accesses. Major clients include National Intelligence Agencies, the Department of Defense, and the Department of Homeland Security. With the acquisition, CACI broadens its presence in the intelligence and national security markets. The acquisition brings CACI new clients who have expanding requirements and priority funding, and who complement CACI's current client base.

Paul Cofoni, CACI President of U.S. Operations, said, "CACI welcomes the top performers from the Institute for Quality Management. The cleared and talented professionals from IQM strengthen our ability to meet the increasing demand for services in the growing intelligence and homeland security markets. They bring a proven track record of support for our government's critical missions, and will be a great fit with our team."

Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "With the acquisition of the Institute for Quality Management, CACI continues its role as our industry's leading strategic consolidator. CACI's mergers and acquisitions (M&A) program remains a key driver of our growth and an important element in our business plan. IQM will help us accelerate our growth and increase our scale, and bring long-term value to our company and our shareholders."

CACI International Inc provides the IT and network solutions needed to prevail in today's new era of national security, intelligence, and e- government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of national security and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 1000 index. CACI provides dynamic careers for approximately 10,100 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at http://www.caci.com/ .

There are statements made herein which do not address historical facts and, therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from terrorist activities or war; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. Government or other public sector projects in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, and (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.

For investor information contact: For other information contact: David Dragics, Senior Vice Jody Brown, Executive Vice President, Investor Relations President, Public Relations (703) 841-7835, ddragics@caci.com (703) 841-7801, jbrown@caci.com

CACI International Inc

CONTACT: Investors, David Dragics, Senior Vice President, Investor
Relations, +1-703-841-7835, ddragics@caci.com , Jody Brown, Executive Vice
President, Public Relations, +1-703-841-7801, jbrown@caci.com , both of CACI
International Inc

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

Vyyo Honored at Eagle Star Awards EventNamed 'Israeli Company of the Year' By American-Israel Chamber of Commerce

NORCROSS, Ga., May 31 /PRNewswire-FirstCall/ -- Vyyo Inc. , a supplier of broadband access equipment for cable system operators, was honored this week as "Israeli Company of the Year" at the 6th annual Eagle Star Awards Gala sponsored by the American-Israel Chamber of Commerce, Southeast Region.

Vyyo, which is headquartered in Norcross and has an extensive research and development facility in Israel, was selected for the honor based on its significant business achievements over the past year, including announced relationships with Cox Communications and StarHub for its UltraBand(TM) platform and the recent receipt of $17.5 million in new funding from Goldman, Sachs & Co. The awards event was held at the world headquarters of The Coca- Cola Company in Atlanta.

"This award is the culmination of a highly-productive relationship between the American-Israel Chamber of Commerce and Vyyo and its products over the past five years," said Avner Kol, COO of Vyyo. "The AICC's considerable resources were vital in helping to facilitate initial customer meetings for our 3GHz spectrum overlay platform, and ultimately were of significant assistance when we consolidated our headquarters in the Atlanta area. We're grateful to the AICC, the Eagle Star panel of judges, our customers and especially our top-class bi-cultural employees for helping us to make this award a reality."

"Vyyo is certainly deserving of this major recognition," said Tom Glaser, president of the American-Israel Chamber of Commerce. "We're pleased to have played a role in Vyyo's growth, and look forward to working with the company as it continues to meet the needs of the cable industry in the future."

The Vyyo UltraBand platform is designed to allow cable companies to substantially increase bandwidth to fiber-like performance, leveraging their existing infrastructure and at a fraction of the cost (under $125 per home passed) to build new fiber networks. UltraBand leverages higher frequencies on the existing coaxial cable doubling downstream bandwidth and increasing upstream bandwidth by a factor of at least four. Using the UltraBand platform, cable system operators can create new bandwidth on a targeted basis for approximately 10% of the published cost per home of telco fiber builds, while maintaining their existing investment in their HFC networks and set-top boxes.

About the American-Israel Chamber of Commerce

The American-Israel Chamber of Commerce is a bi-national business association with the mission of increasing economic development by fostering understanding, cooperation, and business relationships between Israel and the Southeast. Since its founding in 1992, AICC has been involved in over $900 million in completed transactions. The Southeast is now home to more than 50 Israeli companies for their U.S. or regional headquarters. AICC is a proud affiliate of the Jewish Federation of Greater Atlanta.

About Vyyo Inc.

Vyyo Inc., , a leading supplier of broadband access equipment, delivers to cable system operators a powerful, economic platform with fiber-like performance that extends their dominant bandwidth position over the competition and drives new revenues. Vyyo's spectrum overlay technology expands typical HFC (hybrid-fiber coax) network capacity in the "last mile," offering the only cost-effective solution that quadruples upstream and doubles downstream bandwidth to help operators deliver new, advanced residential and business services at a fraction of the cost of fiber deployments. Vyyo is based in Norcross, GA. For more information, please visit http://www.vyyo.com/.

Safe Harbor Statement

Statements made in this press release relating to the future, including those related to the opportunities created for our customers given our ability to provide spectrum overlay solutions and our ability to dramatically increase upstream and downstream bandwidth, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our business and results of operations to differ materially from those expressed or implied by such forward-looking statements. Risks that may cause these forward-looking statements to be inaccurate include among others: whether we will be able to accelerate the movement from development stage to deployment and establish meaningful commercial relationships with cable system operators; the current limited visibility available in the telecommunications and broadband access equipment markets; the willingness and ability of operators to adopt our new technology and apply it in a manner that meets customer demands; our ability to produce and distribute our spectrum overlay and T1 solutions in the quantities, and with the quality control, desired by the market; and other risks set forth in our annual report on Form 10-K for the year ended December 31, 2006, our quarterly reports on Form 10-Q and other reports filed by us with the Securities and Exchange Commission from time to time. We assume no duty to update these statements.

All trademarks mentioned herein are the property of their respective owners. DOCSIS is a trademark of Cable Television Laboratories, Inc.

Vyyo Inc.

CONTACT: Public Relations, Paul Schneider of Paul Schneider Public
Relations, Inc., +1-215-702-9784, or cell, +1-215-817-4384, pspr@att.net, for
Vyyo Inc.; or Investor Relations, Walt Ungerer, VP, Corporate Communications
of Vyyo Inc., +1-678-488-0468, ir@vyyo.com

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

Narrowstep Announces Year-End Results

LONDON and NEW YORK, May 31 /PRNewswire/ --

Narrowstep(TM) Inc. (OTC Bulletin Board: NRWS), the TV on the Internet Company, announced its financial results for the fiscal year ended February 28, 2007. Revenue for the year was a record US$6,008,835, an increase of 122% compared to US$2,706,262 for fiscal year ended February 28, 2006. The increase in revenue was primarily driven by an increase in customers.

Net loss for year ended February 28, 2007 was US$7,061,474, or a loss of US$0.16 per common share, versus a net loss of US$4,289,777, or a loss of US$0.13 per common share, for the prior year.

David C. McCourt, Chairman and interim CEO of Narrowstep, commented on the earnings release, saying, "This was a great year for Narrowstep. Although we spent more time than expected cleaning up old issues, we still grew revenue by 122%, and took out over 30% of non-sales SG&A headcount and increased the sales force by over 85%. Going forward, Narrowstep should maintain its position as the premier choice for a company looking to monetize its content online."

Narrowstep expects to attain profitability by streamlining existing costs, growing revenue and investing in technology. Management believes that these efforts will allow the company to continue to provide what they believe is the best opportunity for customers to monetize their content, while offering a superior end-viewer experience.

Commenting on the growth of the business, David McCourt said, "We are continuing to build a world-class team experienced in scaling operations. We will continue to execute on our vision to provide the most flexible service offering to content owners for monetizing their assets."

Narrowstep management will host a conference call to discuss the results on Friday, June 1, 2007 at 11:00AM EDT, and it will be broadcast live over the Internet. Those interested in listening to the live webcast may do so by going to the Company's website at http://www.narrowstep.com or to http://www.vcall.com.

Web participants are encouraged to go to either website at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. The audio and online archives will be available shortly after the conclusion of the call and continue to be available for seven days.

NARROWSTEP INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (All currency expressed in US Dollars, unless otherwise noted) Year Ended February 28, 2007 2006 $ $ Revenue Narrowcasting and other 4,369,117 1,499,633 Production services 1,639,718 1,206,629 Total revenue 6,008,835 2,706,262 Costs and Expenses Operating 2,655,395 1,804,879 Selling, general and administrative 8,206,223 4,779,764 Research & development 1,088,723 390,606 Impairment charge on long-lived assets 1,228,437 - Total operating expenses 13,178,778 6,975,249 Operating Loss (7,169,943) (4,268,987) Other income (expense), net 118,814 (14,641) Currency exchange income (loss) (10,345) (6,149) Net Loss (7,061,474) (4,289,777) Foreign currency translation adjustment 74,135 (36,669) Comprehensive Loss (6,987,339) (4,326,446) Net Loss per Common Share - Basic and Diluted (0.16) (0.13) Weighted-Average Number of Shares Outstanding, Basic and Diluted 45,240,652 32,190,594 See Notes to Consolidated Financial Statements. NARROWSTEP INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET February 28, 2007 $ Assets Current assets: Cash and cash equivalents 466,870 Accounts receivable, net of allowance for doubtful accounts of $940,534 1,403,779 Prepaid expenses and other current assets 332,192 Total current assets 2,202,841 Property and equipment, net 1,234,557 Software development costs, net 149,080 Total Assets 3,586,478 Liabilities and Stockholders' Equity Liabilities Current liabilities: Unearned revenue 384,295 Accounts payable 960,580 Net obligations under capital leases, current 88,110 Accrued expenses and other current liabilities 977,948 Total current liabilities 2,410,933 Net obligations under capital leases - long-term 135,470 Total Liabilities 2,546,403 Commitments and Contingencies Stockholders' Equity Common stock, $0.000001 par value 450,000,000 shares authorized, 45,348,974 issued and outstanding 45 Additional paid-in capital 20,543,688 Accumulated deficit (19,555,533) Accumulated other comprehensive income (loss) 51,875 Total Stockholders' Equity 1,040,075 Total Liabilities and Stockholders' Equity 3,586,478 See Notes to Consolidated Financial Statements.

About Narrowstep(TM) Inc.

Narrowstep(TM) Inc. (OTC Bulletin Board: NRWS), the TV on the Internet Company, is a leading global provider of broadband television services. Narrowstep's proprietary technologies and customer-focused services enable TV channels to be delivered over the Internet. 100+ companies worldwide have chosen Narrowstep because it offers the most television-like and true community building broadband experience. The Company's telvOS(TM) (Television Operating System(TM)) and nBed(TM) technologies enable the most comprehensive delivery of video to mobile, wireless, Internet, broadband, video-over-IP and entirely new IP-delivered broadcast services. For more information, visit http://www.narrowstep.com or call +1-212-404-1400.

Forward-looking Statement

Certain statements in this news release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known or unknown risks, including those detailed in the Company's filings with the Securities and Exchange Commission, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

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

Narrowstep(TM) Inc.

Investors, Jesse Deal of Allen & Caron, +1-212-691-8087, jesse@allencaron.com

Clear Shape Selected By STMicroelectronics for Variability-Aware DFM for 65nm and BelowInShape(TM) and OutPerform(TM) to be used for variability-aware design for libraries, IPs and full-chip

SANTA CLARA, Calif., May 31 /PRNewswire/ -- Clear Shape Technologies, Inc. -- a leader in variability analysis and optimization solutions, announced today that STMicroelectronics , a world leading semiconductor supplier, has selected Clear Shape's Variability Platform products InShape and OutPerform for 65nm and below technology nodes, following a year long extensive evaluation.

ST's comprehensive evaluation had 3 major criteria: 1) accuracy to silicon results and run-time at full chip level, 2) OPC-tool independence, and 3) comprehensive electrical variability analysis for interconnect and devices. Clear Shape's model-based design manufacturability checking tool InShape completed full-chip analysis in hours. The electrical variability analysis tool OutPerform predicted electrical characteristics very close to actual silicon results.

"Our requirements for DFM solutions are extremely stringent, since we design high-performance, high volume products for many applications such as mobile communications, computer peripherals and consumer electronics," said Philippe Magarshack, Front-End Technologies and Manufacturing Group Vice President and General Manager of Central CAD & Design Automation at STMicroelectronics. "Clear Shape demonstrated excellent silicon-accurate results and performance. Their solutions will enable our IP and library developers to eliminate systematic variability from their designs thanks to silicon accurate lithography and OPC modeling," he added.

"It is an honor to work with a technology leader like STMicroelectronics," said Atul Sharan, president and CEO of Clear Shape Technologies, Inc. "Their engineers are committed to working with us on ensuring that our DFM roadmap is able to meet their needs now and for future process nodes," he concluded.

About Clear Shape

Clear Shape Technologies, Inc. is focused on delivering a complete Variability Platform that allows designers to control and optimize the parametric and catastrophic impact of systematic manufacturing variations. Clear Shape products are targeted to cell-based, custom analog, IP, and library designers using sub-90 nm processes. Clear Shape's products utilize innovative, patented model-based technology which contains secure fab data to capture RET, OPC, CMP, mask, etch and lithography effects on both device and interconnect. Clear Shape's products are in the DFM qualification programs of all three major foundry platforms. Clear Shape is backed by top-tier venture investors that include USVP, Intel Capital and KT Ventures (KLA Tencor). The company is headquartered at 3255-3 Scott Blvd, Suite 102 Santa Clara, Calif. 95054. For more information, visit http://www.clearshape.com/ or call +1 (408) 833-7130.

InShape and OutPerform are trademarks of Clear Shape Technologies, Inc.

Clear Shape Technologies, Inc.

CONTACT: Gloria Nichols of Launch Marketing for Clear Shape,
+1-650-851-6919, gloria@launchm.com; or Nitin Deo, Vice President, Marketing
and Business Development of Clear Shape, +1-408-960-1578,
nitin@clearshape.com

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

The Brink's Company to Present at Lehman Brothers Global Services Conference

RICHMOND, Va., May 31 /PRNewswire-FirstCall/ -- The Brink's Company announced that Robert T. Ritter, the company's vice president and chief financial officer, will make a presentation to investors at the 2007 Lehman Brothers Global Services Conference in New York City.

The presentation will be webcast live at 9:30 a.m. ET on June 7, 2007. Interested parties can access the presentation by going to the company's website at http://www.brinkscompany.com/ and clicking on the webcast link. A replay of the webcast and presentation slides will also be available on the website.

About The Brink's Company

The Brink's Company is a global leader in security-related services that operates two businesses: Brink's, Incorporated and Brink's Home Security. Brink's, Incorporated is the world's premier provider of secure transportation and cash management services and Brink's Home Security is one of the largest and most successful residential alarm companies in North America. For more information, please visit The Brink's Company website at http://www.brinkscompany.com/, or call toll free 877-275-7488.

Contact: Investor Relations 804.289.9709

The Brink's Company

CONTACT: The Brink's Company Investor Relations, +1-804-289-9709

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

Dolphin Sends Letter to infoUSA Board Requesting Answers to Serious Questions Number 3 and 4

STAMFORD, Conn., May 31 /PRNewswire-FirstCall/ -- Dolphin Limited Partnership I, L.P. and Dolphin Financial Partners, L.L.C., long-term holders with 2.0 million shares (3.6%) of infoUSA , today sent the following letter to Mr. Vinod Gupta and the infoUSA Board of Directors.

Dear Mr. Vinod Gupta and other infoUSA Board members,

In addition to Questions number 1 and 2 which remain unanswered, the shareholders of infoUSA need meaningful answers to the following serious questions regarding their investment in infoUSA in connection with the rapidly approaching June 7, 2007 Annual Meeting.

To date, you have refused to sufficiently respond to the fundamental questions the investment community has posed. Once again, we are providing you with another opportunity to do so in advance of next week's Annual Meeting.

Question #3: To Mr. Vinod Gupta and the other infoUSA Board members: At last year's Annual Meeting, over 90% of the unaffiliated shareholders of infoUSA sent a clear mandate for reform. To date, the Company and the infoUSA Board have failed act on this mandate. The Board's failure of accountability to the infoUSA shareholders has not been ignored by the investment community.

As recently stated by the Director and head of M&A Research at Institutional Shareholder Services (ISS), the world's leading independent proxy voting advisory service, "In my experience, this company has been the least accountable to shareholders from the ones I've reviewed at ISS ... Nothing seems to have changed in the governance profile."(1)

Why do the infoUSA Board members feel that they do not need to be accountable to ALL infoUSA shareholders?

Question #4: To the members of the infoUSA Compensation Committee: Over the past three years, 100% of option grants have gone to Mr. Vinod Gupta, contributing to his current ownership of 41% of infoUSA.

The investment community has expressed serious concern that the Company's 2007 Omnibus Incentive Plan, which is subject to shareholder approval at next week's Annual Meeting, will further expand his ownership in infoUSA -- further diluting all other shareholders and bringing Mr. Vinod Gupta even closer to absolute control. According to ISS, you told them that Mr. Vinod Gupta would not be eligible for any form of equity compensation(2), but you have not committed to that in your proxy statement for the Annual Meeting or anywhere else.

Will Mr. Vinod Gupta, in fact, be excluded from awards under the 2007 Omnibus Incentive Plan or any other equity compensation plans? If he is excluded, why have you not made a public commitment?

We await your meaningful response to Questions 1, 2, 3 and 4 -- and on behalf of the interests of all shareholders, will put forth additional questions to you in the days leading up to the June 7th Annual Meeting.

Very truly yours, Donald T. Netter Senior Managing Director (1) Quoted in, "ISS Blasts infoUSA," The Daily Deal, May 30, 2007. (2) ISS Recommendation, May 25, 2007.

Dolphin Limited Partnership I, L.P.

CONTACT: Arthur B. Crozier, Innisfree, M&A Incorporated, +1-212-750-5833

SAIC to Hold Annual Meeting of Stockholders

SAN DIEGO and McLEAN, Va., May 31 /PRNewswire-FirstCall/ -- SAIC, Inc. will hold its Annual Meeting of Stockholders at 1 p.m. Eastern time (10 a.m. Pacific time) on Friday, June 8, 2007, at the SAIC Conference Center, 1710 SAIC Drive, McLean, Va.

A real-time video Webcast of the meeting will be available at http://investors.saic.com/ and an archive of the event will be available through the same link the day after the meeting.

Stockholders also can listen to the live meeting by telephone at 1-888- 238-4246 in the U.S./Canada or 1-706-758-4835 for international or local access; ask for "SAIC 2007 Annual Meeting of Stockholders." The Company's 2007 Proxy Statement and its Annual Report on Form 10-K for fiscal year ended January 31, 2007 are available online at http://investors.saic.com/ under SEC Filings.

SAIC is a leading provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. Government civil agencies, as well as to customers in selected commercial markets. With more than 44,000 employees in over 150 cities worldwide, SAIC engineers and scientists solve complex technical challenges requiring innovative solutions for customers' mission-critical functions. SAIC had annual revenues of $8.3 billion for its fiscal year ended January 31, 2007.

SAIC: FROM SCIENCE TO SOLUTIONS(TM)

Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements or industry results to be very different from the results, performance or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2007, and such other filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

Contact: Investor Relations: Stuart Davis 703/676-2283 stuart.davis@saic.com External Communications: Connie Custer, McLean Ron Zollars, San Diego 703/676-6533 858/826-7896 constance.a.custer@saic.com ronald.m.zollars@saic.com

SAIC, Inc.

CONTACT: Investor Relations, Stuart Davis, +1-703-676-2283,
stuart.davis@saic.com; Connie Custer, McLean, +1-703-676-6533,
constance.a.custer@saic.com; Ron Zollars, San Diego, +1-858-826-7896,
ronald.m.zollars@saic.com, all of SAIC, Inc.

Web site: http://investors.saic.com/

Integrated Silicon Solution, Inc. Concludes Restatement and Files Form 10-K for Fiscal 2006 and Form 10-Q for June 2006 QuarterAnnounces Conclusion of Internal Investigation of Historical Stock Option Practices

SAN JOSE, Calif., May 31 /PRNewswire-FirstCall/ -- Integrated Silicon Solution, Inc. filed its Annual Report on Form 10-K for the fiscal year ended September 30, 2006 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 with the Securities and Exchange Commission ("SEC"). These filings had been delayed pending the conclusion of the Company's restatement of its historical financial statements and the internal investigation by a Special Committee of the Board of Directors into past stock option practices.

The Special Committee's investigation included the review of all stock options granted from January 1, 1997 through July 2006, plus two grants made in 1995 and 1996. The Special Committee's investigation was conducted with the full support of current management and the current Board of Directors.

The total restatement adjustment was $32.1 million of additional stock-based compensation and payroll tax expense, net of income taxes, covering the fiscal 1997 to fiscal 2005 periods. The details of the investigation and the resulting restatement are provided in the Annual Report on Form 10-K for the fiscal year ended September 30, 2006 that was filed earlier today.

"We are pleased to have the restatement process behind us and are eager to focus our full attention on growing our business and creating value for our stockholders. We want to extend thanks to the many ISSI employees who worked diligently on the restatement and the SEC filings we made," said Jimmy Lee, ISSI's president and chief executive officer.

As previously reported, the Company was granted an extension by the Nasdaq Listing Council until June 5, 2007 to complete its restatement and file all delinquent periodic SEC filings in order to remain listed on Nasdaq. To become current in its SEC filings, the Company must still file its Reports on Form 10-Q for the quarters ending December 31, 2006 and March 31, 2007. ISSI is working diligently to complete its delinquent SEC filings by the deadline, however, there can be no assurance that the Company will meet this deadline or that its shares will not be delisted from Nasdaq.

In its Form 10-K, ISSI is restating its consolidated balance sheet as of September 30, 2005, and the related consolidated statements of operations, shareholders' equity, and cash flows for each of the fiscal years ended September 30, 2005 and September 30, 2004. The 2006 Form 10-K also reflects the restatements of selected consolidated financial data for the fiscal years ended September 30, 2003 and 2002. In addition, ISSI restated its unaudited quarterly financial information for all interim periods of fiscal year 2005 and the interim periods ended December 31, 2005 and March 31, 2006. The financial information included in ISSI's reports on Form 10-K, Form 10-Q and Form 8-K filed prior to May 9, 2006, and the related opinions of its independent registered public accounting firm and all earnings press releases and similar communications issued by ISSI prior to May 9, 2006, should not be relied upon and are superseded in their entirety by the Form 10-K for fiscal year 2006 filed today, and other reports on Form 10-Q and Form 8-K filed by ISSI with the SEC on and after May 9, 2006.

About the Company

ISSI is a fabless semiconductor company that designs and markets high performance integrated circuits for the following key markets: (i) digital consumer electronics, (ii) networking, (iii) mobile communications and (iv) automotive electronics. The Company's primary products are high speed and low power SRAM and low and medium density DRAM. The Company also designs and markets EEPROM, SmartCards and is developing selected non-memory products focused on its key markets. ISSI is headquartered in Silicon Valley with worldwide offices in China, Europe, Hong Kong, India, Korea and Taiwan. Visit our web site at http://www.issi.com/.

Integrated Silicon Solution, Inc.

CONTACT: Investor Relations, Scott Howarth, Vice-President & CFO of
Integrated Silicon Solution, Inc., +1-408-969-6600, ir@issi.com

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

KEMET Expands Small Case Size Product Offerings with the T528 Series KO-CAP Polymer CapacitorsAdvanced Technology Targets Portable Consumer Electronics

GREENVILLE, S.C., May 31 /PRNewswire-FirstCall/ -- In its continuing commitment to lead the industry in capacitor technology, KEMET Corporation today announces the release of two new small case size polymer capacitors.

KEMET's capacitor technology remains a key component of the portable consumer electronics market as circuit designers continue to demand smaller case sizes with the same functionality as components with more than twice the volumetric size. To meet this demand, KEMET has implemented advancements in its KO-CAP Polymer Capacitor design that allow for increased volumetric efficiency within the component, resulting in more than a 100% gain in active area.

When these advancements in design were combined with the KO-CAP advanced polymer processing system, the results yielded the highest capacitance-to- case-size offering available in the industry today and the lowest ESR (Equivalent Series Resistance) available anywhere.

Designated as the T528 Series, these new releases are available in the low-profile I-Case size (3.2mm x 1.6mm x 1.0mm) and M-Case (3.5mm x 2.8mm x 1.5mm). The I-Case is available in values from 100 microfarads at 3 volts to 33 microfarads at 10 volts with ESR offerings from 150 to 200 milliohms. The M-Case size is available in values from 330 microfarads at 3 volts to 100 microfarads at 10 volts with ESR offerings from 150 to 200 milliohms.

"The release of these new product offerings continues to strengthen KEMET's position in the portable electronics arena. It further demonstrates our commitment to meeting our customers' continuing drive to maximize functionality while minimizing size," says Susan Barkal, Director, Product Line Management, Tantalum, Polymer and Aluminum Capacitors.

"These latest releases have already been well received by the mobile phone and MP3 design community with major design wins occurring prior to our official release date," says Jayson Young, Technical Product Line Manager, Tantalum, Polymer, and Aluminum Capacitors. "We are very pleased with the responses we've received from customers who have evaluated these new products."

KO-CAPs are commonly used for decoupling and filtering in power management applications where space is restricted (cell phones, PC notebooks, digital cameras, music players and flat panel displays). KEMET has been manufacturing polymer capacitors since 1999.

Contact: Dean W. Dimke Director of Corporate and Marketing Communication deandimke@kemet.com 864-228-4448 Jayson Young Technical Product Line Manager, Tantalum, Organic Polymer, Aluminum jaysonyoung@kemet.com 864-967-6859

KEMET Corporation

CONTACT: Dean W. Dimke, Director of Corporate and Marketing
Communication, +1-864-228-4448, deandimke@kemet.com; or Jayson Young,
Technical Product Line Manager, Tantalum, Organic Polymer, Aluminum,
+1-864-967-6859, jaysonyoung@kemet.com

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

Brocade Announces Final Settlement With the Securities and Exchange Commission

SAN JOSE, Calif., May 31 /PRNewswire-FirstCall/ -- Brocade(R) , the leader in networked storage solutions that help enterprises connect and manage their information, today announced that the Commissioners of the Securities and Exchange Commission (SEC) have authorized the final settlement between the Company and the SEC regarding the previously- disclosed SEC investigation of the Company's historical stock option granting practices. Without admitting or denying the allegations in the SEC's complaint, the Company has agreed to pay a civil penalty of $7 million. Last year, in the first quarter of fiscal 2006, the Company recorded a reserve of $7 million and deposited funds in an escrow account set up specifically for that purpose.

"We are pleased the SEC has accepted Brocade's offer of settlement and now have the investigation and matter concluded," stated Tyler Wall, Vice President and General Counsel for Brocade.

This settlement concludes the SEC's investigation of this matter with respect to the Company. In addition, the Company does not expect or anticipate any action by the Department of Justice with respect to the Company.

Forward Looking Statements

This press release contains a forward-looking statement regarding the fact that the Company does not expect or anticipate any action by the Department of Justice with respect to the Company. This statement is a prediction based on information available to the Company at this time and includes the risk that circumstances may change with respect to the Department of Justice. The Company does not assume any obligation to update or revise this forward-looking statement, whether as the result of new developments or otherwise.

About Brocade

Brocade, the Brocade B-wing logo, Fabric OS, File Lifecycle Manager, MyView, Secure Fabric OS, SilkWorm, and StorageX are registered trademarks and the Brocade B-weave symbol and Tapestry are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. FICON is a registered trademark of IBM Corporation in the U.S. and other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.

Brocade Communications Systems, Inc.

CONTACT: Leslie Davis, Media Relations, +1-408-333-5260,
lmdavis@brocade.com, or Shirley Stacy, Investor Relations, +1-408-333-5752,
sstacy@brocade.com, both of Brocade; or Paul Sherer of Ogilvy PR,
+1-415-677-2715, paul.sherer@ogilvypr.com, for Brocade

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

First Single From 'Planet Earth,' Prince's New Unreleased Album, Available Now - Free And Exclusively - From Verizon Wireless'Guitar' Pre-Release from Upcoming 'Planet Earth' Album Initiates Prince Collaboration with Verizon Wireless

BASKING RIDGE, N.J., May 31 /PRNewswire/ -- Prince, the legendary artist and music icon, and Verizon Wireless announced they have joined forces to revolutionize the consumer experience of digital music discovery, delivery and download, starting with Prince's new single, "Guitar." Music fans can get the single today -- weeks before the highly-anticipated release of "Planet Earth," his new studio album release -- when they use Verizon Wireless' free new V CAST Song ID to identify the single. The direct-to-mobile relationship between Verizon Wireless and Prince, unprecedented in the music industry, brings the best in mobile music innovation together with Prince's musical genius to deliver an entirely new way for fans to experience music.

The introduction of V CAST Song ID makes Verizon Wireless' V CAST Music the only service in the nation that provides users with a tool that enables them to capture information about a song immediately, over-the-air; then buy either the Ringtone, Ringback tone or full-track song, in one simple process. To get the exclusive track of "Guitar" from Prince, download the V CAST Song ID application for free on V CAST Music-enabled phones, then go to Verizon Wireless' music site, http://www.verizonwireless.com/music. Once there, play the interactive video online, hold your phone to your computer speaker and V CAST Song ID will identify the song. Customers can then select the "Get Song" option on their phones to download "Guitar" for free. Verizon Wireless V CAST customers also have the option to purchase the "Guitar" Ringtone or Ringback tone.

Step 1: Download V CAST Song ID for free to your Verizon Wireless phone Step 2: Visit http://www.verizonwireless.com/music or licensed sites such as YouTube (http://www.youtube.com/), Revver (http://www.revver.com/), Veoh (http://www.veoh.com/) and MySpace (http://www.myspace.com/) Step 3: Start V CAST Song ID on your phone, select "ID New Song" and then play the interactive video from the hot new Prince single, "Guitar" online with your phone close to the PC speaker to ID it Step 4: Your phone will now give you information about the song, as well as an option to download it immediately, over-the-air, for free

V CAST Song ID is yet another reason why both artists and music lovers who want the best quality mobile music service are switching to Verizon Wireless. The company continues to enrich its users' experience by offering V CAST Song ID for free. Verizon Wireless helps customers find the music they love, then make it easy for them to buy.

Before mobile music, fans did not have the opportunity to connect to a song and purchase it over-the-air in a myriad of ways and artists did not have a way to get their music instantly to millions of fans. V CAST Music from Verizon Wireless is changing that landscape, offering artists innovative new ways to reach their fans directly, while offering fans the ability to customize songs -- by selecting the full-track download, Ringtone, Ringback tone, music video and more -- and play their music for others.

John Stratton, executive vice president and chief marketing officer of Verizon, noted, "When Prince, who has consistently been on the cutting edge of music, harnesses innovative technology to deliver his fresh new music, that's a tremendous opportunity for music lovers across the country. At Verizon, we're committed to delivering hot multimedia services to the public in a way that's powerful, direct and relevant."

The relationship between Prince and Verizon Wireless builds on the company's pioneering in the mobile music arena. Since launching V CAST Music in early 2006, Verizon Wireless has extended its leadership, by introducing unique artist relationships, offering iconic music-playing devices like the LG Chocolate, testing cool mobile phone bar-code technologies for concert ticketing, building a massive 1.9 million full-song music store featuring both well-known and indie artists, and promoting music discovery with unique technologies such as V CAST Song ID.

"Prince has always broken new ground, both creatively and the way in which he delivers his music to his fans," said Michele Anthony, former president and chief operating officer of The Sony Music Label Group, and a key member of Prince's team. "Mobile is rapidly changing the landscape of the music industry and Verizon Wireless is providing artists like Prince with powerful promotion opportunities and direct distribution which gets music into the hands of millions, immediately. Now with V CAST Song ID, Verizon Wireless also helps play the role of radio, making it easier for fans to discover and enjoy new music."

Verizon Wireless customers can use V CAST Song ID on select V CAST Music- enabled phones, including Chocolate by LG, The enV by LG, the LG VX8700 and VX9400, MOTORAZR maxx Ve and Samsung SCH-u620. Verizon Wireless plans to add additional devices to the V CAST Song ID line-up. V CAST Song ID is available as a free download in the Music and Tones section of the Get It Now(R) virtual store -- simply go to Get New Ringtones, Get New Application and select V CAST Song ID. Once downloaded, you can use the application for free to identify songs while on-the-go and download a matching Ringtone, Ringback tone as well as the full song with just one click.

Customers who don't have phones with V CAST Song ID can access "Guitar" by searching the catalog either via their phones or via their compatible PCs (running Windows XP and V CAST Music Manager or Windows Media Player 10 or higher; customers must be Verizon Wireless monthly subscribers). Customers can also get the Ringtone and Ringback tone through VZW Tones Deluxe on Get It Now-enabled phones.

For more information on Verizon Wireless' music services, visit http://www.verizonwireless.com/music.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving more than 60.7 million customers. The largest US wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 66,000 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: Jeffrey Nelson of Verizon Wireless, +1-908-559-7519,
Jeffrey.Nelson@verizonwireless.com

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

Narrowstep Announces Year-End Results

LONDON and NEW YORK, May 31 /PRNewswire-FirstCall/ -- Narrowstep(TM) Inc. (BULLETIN BOARD: NRWS) , the TV on the Internet Company, announced its financial results for the fiscal year ended February 28, 2007. Revenue for the year was a record $6,008,835, an increase of 122% compared to $2,706,262 for fiscal year ended February 28, 2006. The increase in revenue was primarily driven by an increase in customers.

Net loss for year ended February 28, 2007 was $7,061,474, or a loss of $0.16 per common share, versus a net loss of $4,289,777, or a loss of $0.13 per common share, for the prior year.

NARROWSTEP INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS Year Ended February 28, 2007 2006 $ $ Revenue Narrowcasting and other 4,369,117 1,499,633 Production services 1,639,718 1,206,629 Total revenue 6,008,835 2,706,262 Costs and Expenses Operating 2,655,395 1,804,879 Selling, general and administrative 8,206,223 4,779,764 Research & development 1,088,723 390,606 Impairment charge on long-lived assets 1,228,437 - Total operating expenses 13,178,778 6,975,249 Operating Loss (7,169,943) (4,268,987) Other income (expense), net 118,814 (14,641) Currency exchange income (loss) (10,345) (6,149) Net Loss (7,061,474) (4,289,777) Foreign currency translation adjustment 74,135 (36,669) Comprehensive Loss (6,987,339) (4,326,446) Net Loss per Common Share - Basic and Diluted (0.16) (0.13) Weighted-Average Number of Shares Outstanding, Basic and Diluted 45,240,652 32,190,594 See Notes to Consolidated Financial Statements. NARROWSTEP INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET February 28, 2007 $ Assets Current assets: Cash and cash equivalents 466,870 Accounts receivable, net of allowance for doubtful accounts of $940,534 1,403,779 Prepaid expenses and other current assets 332,192 Total current assets 2,202,841 Property and equipment, net 1,234,557 Software development costs, net 149,080 Total Assets 3,586,478 Liabilities and Stockholders' Equity Liabilities Current liabilities: Unearned revenue 384,295 Accounts payable 960,580 Net obligations under capital leases, current 88,110 Accrued expenses and other current liabilities 977,948 Total current liabilities 2,410,933 Net obligations under capital leases - long-term 135,470 Total Liabilities 2,546,403 Commitments and Contingencies Stockholders' Equity Common stock, $0.000001 par value 450,000,000 shares authorized, 45,348,974 issued and outstanding 45 Additional paid-in capital 20,543,688 Accumulated deficit (19,555,533) Accumulated other comprehensive income (loss) 51,875 Total Stockholders' Equity 1,040,075 Total Liabilities and Stockholders' Equity 3,586,478 See Notes to Consolidated Financial Statements. About Narrowstep(TM) Inc.

Narrowstep(TM) Inc. (BULLETIN BOARD: NRWS) , the TV on the Internet Company, is a leading global provider of broadband television services. Narrowstep's proprietary technologies and customer-focused services enable TV channels to be delivered over the Internet. 100+ companies worldwide have chosen Narrowstep because it offers the most television-like and true community building broadband experience. The Company's telvOS(TM) (Television Operating System(TM)) and nBed(TM) technologies enable the most comprehensive delivery of video to mobile, wireless, Internet, broadband, video-over-IP and entirely new IP-delivered broadcast services. For more information, visit http://www.narrowstep.com/ or call 212-404-1400.

Forward-looking Statement

Narrowstep(TM) Inc.

CONTACT: Investors, Jesse Deal of Allen & Caron, +1-212-691-8087,
jesse@allencaron.com

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

Two new Sierra Wireless devices make Canadian debut with TELUS wireless high speed upgradeAirCard(R) 595U USB modem offers portable, versatile high-speed wireless network access; MP 595 GPS delivers reliable, vehicle mounted connection for law enforcement and field service customers

VANCOUVER, May 31 /PRNewswire-FirstCall/ -- Sierra Wireless and TELUS today announced that two new wireless modems will soon be available in Canada. Providing mobile access to TELUS' wireless high speed EVDO service and enhanced Rev A speeds, which are now available in Southern Ontario, Montreal and Winnipeg, the AirCard(R) 595U is a versatile device that connects through the computer's USB port, while the MP 595 GPS is a rugged, vehicle mounted wireless modem designed for applications in emergency services, law enforcement, and field service.

Like the AirCard 595 PC card, the AirCard 595U USB modem and the MP 595 GPS rugged modem offer fast, reliable mobile broadband-like access to data. Both devices are compatible with TELUS' wireless high speed EVDO service Rev A upgrade, which offers typical upload speeds of 300 to 400 kilobits per second with maximum possible upload speeds of 1.8 megabits per second, for uploads that are on average seven times faster than previous EVDO service. The service also offers enhanced typical download speeds of approximately 450 to 800 kilobits per second to a maximum possible speed of 3.1 megabits per second.

Wireless high speed EVDO is available to two-thirds of Canadians. Today TELUS announced that it has upgraded its wireless high speed service in Southern Ontario, Montreal and Winnipeg to Rev A and will continue upgrading its national EVDO network to the enhanced speeds in the coming months. When travelling in the United States, clients can roam onto EVDO networks in 242 cities. Both devices will also be backward compatible to function with the 1X data network, which offers coverage to 94 per cent of Canadians, when outside wireless high speed coverage areas.

The stylish and compact AirCard 595U USB modem can be plugged directly into a USB port in either a notebook or a desktop computer, or can be connected through an included docking cradle. This offers an alternative for customers without PC card slots and allows them to move a single wireless data service between computers.

"Wireless high speed access really boils down to offering people flexibility in their work and their lives with fast reliable access to data when and where they need it, and the AirCard 595U USB modem and MP 595 embody that flexibility," said Robert Blumenthal, TELUS senior vice-president of Products and Services. "The Sierra Wireless AirCard 595U and MP 595 rugged modem enable customers with a variety of needs to take advantage of the benefits our EVDO network offers."

Designed for use in the public safety, field service, and transportation industries, the Sierra Wireless MP 595 GPS rugged modem is vehicle mounted and enables fast, consistent wide area wireless data communications with headquarters and dispatchers. In addition, it can provide vehicle location information with an integrated, independent GPS receiver, increasing security for employees and enabling asset tracking. The durability and reliability of Sierra Wireless MP modems have made them the wireless modem of choice for public safety agencies since the product line was introduced in 1995.

"We're pleased to work with TELUS to provide the latest technology to operate on its advanced wireless high speed service," said Dan Schieler, senior vice president, Worldwide Sales for Sierra Wireless. "Whether it's the versatility of the AirCard 595U USB modem, the rugged reliability of the MP 595, or the tried-and-true AirCard 595 PC card they're looking for, customers looking to stay in touch this summer without staying in the office have a variety of options to help them use the improved network to their best advantage."

Pricing and Availability

The Sierra Wireless AirCard 595U USB modem will be available soon from TELUS retail locations across Canada for $99.99 on a three-year contract subject to promotional requirements, or $349.99 with no contract. Clients will be able to purchase the MP 595 GPS later this summer from Sierra Wireless or through TELUS' enterprise sales team.

AirCard 595U USB Modem - Offers average download speeds of 450 to 800 kbps and average upload speeds of 300 to 400 kbps when operating in wireless high speed coverage areas upgraded to EVDO Rev A. - Includes an internal battery to ensure reliable performance. - Supports both Windows and Macintosh operating systems.

For more information about the Sierra Wireless AirCard 595U USB modem, please visit sierrawireless.com/product/ac595U.aspx or telusmobility.com.

Sierra Wireless MP 595 GPS

Sierra Wireless MP products are vehicle-mounted rugged wireless modems designed for use in the public safety, transportation, and field service industries. To ensure reliable performance in a variety of conditions, the Sierra Wireless MP 595 GPS rugged modem:

- Operates in extreme temperatures (-30 C to +70 C); - Meets U.S. Military and Society of Automotive Engineers (SAE) J1455 specifications for vibration, shock, drop, rain, splash, sand, dust, humidity, and salt fog; - Supports serial, USB, and Ethernet(1) host connections, offering customers a variety of installation and configuration choices, as well as compatibility with legacy systems; - Includes an integrated, independent 12-channel GPS (global positioning system) module for vehicle tracking; - Offers four digital and four analog input/output ports, allowing dispatchers to monitor additional information such as speed and airbag status, thereby providing additional security for employees and company assets; - Includes a three-year platinum warranty with technical support.

With MP Modem Manager software, available from Sierra Wireless, system administrators can control settings and upgrade firmware from a central location without taking units out of the field, avoiding costly downtime.

For more information about the MP 595 GPS rugged modem, please visit http://www.sierrawireless.com/product/mp595gps.aspx.

To contact the Sierra Wireless Sales Desk, call 604-232-1488 or e-mail sales@sierrawireless.com.

(1) Ethernet support to be offered as an over-the-air upgrade by mid-year Note to editors: ---------------- To view and download images of Sierra Wireless products, please visit http://www.sierrawireless.com/product/photos.aspx. About Sierra Wireless

Sierra Wireless modems and software connect people all over the world with mobile broadband networks that keep them in touch, informed, and productive from wherever they need to be. The Company offers a diverse product portfolio addressing enterprise, consumer, original equipment manufacturer, machine-to-machine, and specialized vertical industry markets, and provides professional services to customers requiring expertise in wireless design, integration, and carrier certification. With 2006 revenues of $221 million, Sierra Wireless is headquartered in Richmond, British Columbia, Canada with additional offices in Carlsbad and Hayward, California; London; and Hong Kong. For more information about Sierra Wireless, visit http://www.sierrawireless.com/.

"AirCard" is a registered trademark of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical fact. Our expectations regarding future revenues and earnings depend in part upon our ability to successfully develop, manufacture, and supply products that we do not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the wireless data communications market. In light of the many risks and uncertainties surrounding the wireless data communications market, you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.

About TELUS

TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $8.8 billion of annual revenue and 10.8 million customer connections including 5.1 million wireless subscribers, 4.5 million wireline network access lines and 1.1 million Internet subscribers. TELUS provides a wide range of communications products and services including data, Internet protocol (IP), voice, entertainment and video. Committed to being Canada's premier corporate citizen, we give where we live. Since 2000, TELUS and our team members have contributed more than $91 million to charitable and non-profit organizations and volunteered more than 1.7 million hours of service to local communities. Eight TELUS Community Boards across Canada lead our local philanthropic initiatives. For more information about TELUS, please visit telus.com.

CONTACT: Sharlene Myers, Sierra Wireless, Phone: (604) 232-1445, Email: smyers@sierrawireless.com; Julie Smithers, TELUS Media Relations, Phone: (416) 684-6817, Email: Julie.smithers@telus.com

Sierra Wireless, Inc.

CONTACT: Sharlene Myers, Sierra Wireless, Phone: (604) 232-1445, Email:
smyers@sierrawireless.com; Julie Smithers, TELUS Media Relations, Phone: (416)
684-6817, Email: Julie.smithers@telus.com

Level 3 Awarded GSA Networx Enterprise ContractCompany Selected to Pursue Federal Agency Business; Provide Agencies with a New Competitive Choice in Telecommunications Services

BROOMFIELD, Colo., May 31 /PRNewswire-FirstCall/ -- Level 3 Communications, Inc. announced today that it has been awarded a 10-year Networx Enterprise contract by the U. S. General Services Administration (GSA). The Federal contract allows Level 3 to bid on business issued by 135 government agencies and managed under the GSA's Networx Enterprise program.

The GSA announced earlier today that it has awarded Networx Enterprise contracts to five companies which were chosen as eligible participants based on specific requirements mandated by the GSA. After an extensive, multi-year evaluation process, Level 3 is now able to pursue business through GSA's Networx program and offer its leading edge services to all Federal agencies.

"We are proud to have been awarded a Networx Enterprise contract and look forward to expanding our relationship with GSA and the Federal agencies they serve," said Jerry Hogge, senior vice president of Level 3's Federal Government group. "We believe that Level 3 and our diverse Networx team can help enable a swift and seamless transition to the next generation of telecommunications services within the Federal Government sector."

Level 3 will lead a team of industry experts to support government agency needs with a comprehensive suite of network services, security services, and managed network services. Level 3's Networx partners include IBM Internet Security Systems, Unisys Corporation, Multimax, Inc. and a team of small businesses. Level 3 selected these partners to broaden the services available to Federal agencies and to enable the Government to meet its small business program goals.

"Level 3 operates one of the largest IP-based networks in the world, with physical diversity to provide resiliency and quality of service," said Hogge. "Through the Networx contract, Level 3 can now offer its high-quality, IP- optimized services to government agencies as a new, competitive choice -- enabling them to transform the way they deploy telecommunications to deliver services to U.S. citizens. Built for next generation telecommunications, the Level 3 network fully supports today's technology demands and was designed to be able to take advantage of future technological innovations."

About Level 3 Communications

Level 3 Communications, Inc , an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. These services provide building blocks that enable Level 3's customers to meet their growing demands for advanced communications solutions. The company's Web address is http://www.level3.com/.

"Level 3 Communications," "Level 3" and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC in the United States and/or other countries. Any other product and company names herein may be trademarks of their respective owners. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc.

Forward-Looking Statement

Some of the statements that we make in this press release are forward- looking in nature. These forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside our control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent us from achieving our stated goals include, but are not limited to our ability to: successfully integrate acquisitions; increase the volume of traffic on our network; defend our intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of our debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.

Level 3 Communications, Inc.

CONTACT: media, Jennifer Daumler, +1-720-888-3356, or Tarra Ryerson,
+1-720-888-1214, or investors, Robin Grey, +1-720-888-2518, or Valerie
Finberg, +1-720-888-2501, all of Level 3 Communications, Inc.

Web site: http://www.level3.com/

Sonic's First Quarter Advances Growth & Development Strategy; Relocation to Expanded Facility Underway

VANCOUVER, Canada, May 31 /PRNewswire/ --

- TSX Venture Exchange Symbol: SNV

Sonic Environmental Solutions Inc. (SNV-TSX Venture Exchange) today reported on its growth and development strategy, following the SEDAR filing of its financial results for the first quarter ending March 31st, 2007. The solid foundation laid by successful environmental operations with the Sonic Treatment Systems, using its proprietary PCB Sonoprocess(TM), has set the stage for expanding the Company's reach beyond the environmental division to take its core technology and sonic energy expertise forth into new arenas for collaborative development.

Adam Sumel, President and CEO, announced "Marking the maturation of our Company is our relocation this month to a new 6,300 square foot facility in South Vancouver that encompasses each of the Sonic Demonstration & Pilot Plant Facility, the Sonic Research & Testing Facility and the corporate head office alongside the new Sonoprocess(TM) Development Centre. We are very excited to have all these branches together at one site where we plan to accelerate our pace of organic growth and development into new application areas while reducing aggregate costs."

Sonic's growth and development strategy focuses on both environmental operations and Sonoprocess(TM) technology development opportunities. The PCB Sonoprocess(TM) has provided a solid footing to permit more meaningful attention to be devoted to the development of other Sonoprocess(TM) opportunities identified by the Company's Technical Advisory Board supported by industry partners. Going forward, Sonic's strategy is to collaborate with suitable industry players who can accelerate the development and access to market for new sonic energy applications, and provide for earlier revenue opportunities for the Company. Sonic's strategy to grow the environmental operations, apart from securing more contracts in Canada, is to expand on license opportunities for the Sonic Treatment System potentially accelerating revenue generation while minimizing capital expenditures and the market risks of project timing.

To better reflect the growth and direction of the Company expanding beyond the environmental sector, Management has made a motion for shareholder approval at the Annual General Meeting set for June 20th, 2007, to change the corporate name to Sonic Technology Solutions Inc. "It is clear that while any Sonoprocess(TM) brings environmental benefits, our future opportunities reach much farther than the environmental market sector itself. We intend to consolidate our environmental operations into what will become a subsidiary company retaining the Sonic Environmental Solutions name." explained Mr. Sumel.

Summary of recent Activities:

Environmental Operations

Management expects organic growth in its environmental sales and operations in 2007 to lead to new licenced partnerships with diversified environmental management companies as has been done with Veolia, Sonic's licencee in Australia. In the first quarter Veolia treated its first 100 tonnes in a demonstration project for regulators in the Victoria province. Sales and marketing efforts have continued to garner strong interest in Canada, the USA and in Australia for the Sonic Treatment System.

The Company successfully completed its project in northern Ontario after agreeing to treat an additional volume of material early in January. This project demonstrated the modular flexibility and reliability of the Sonic Treatment System. Progress at the Company's project in the Greater Toronto Area (GTA) was resumed after a short winter closure of the site. Operations there are now in full swing and treatment has been fully effective to date. The full scale Juker demonstration project in Delta, BC, is being wrapped up after having valuably served the Company's research, development and marketing goals.

Sonoprocess(TM) Technology Development

The Company continues to receive increasing interest in the potential applications of the Sonoprocess(TM). Management has directed that its Sonoprocess(TM) development work be driven only in collaboration with interested partners that would share in the costs. New industrial applications are currently being explored for advancements in processing techniques used in cement, heavy oil, and oil sand industries.

Recently, the Company completed proof of principle work on an oil sands related application with some financial support from the Industrial Research Assistance Program (IRAP). Sonic has received further IRAP support based on provisional patents filed for development of its Sonocrete(TM) process to condition waste flyash from coal combustion. The Company also announced in a press release dated May 24, 2007, that it has concluded an agreement to co-develop a Sonoprocess(TM) for assisting in the upgrading of heavy oil containing asphaltenes.

The future for new Sonoprocess(TM) applications under development is promising.

The Company's Financial Statements and Management's Discussion & Analysis for the first quarter ended March 31st, 2007, can be viewed at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

Sonic Environmental Solutions Inc.

For further information: Robin Cook, Account Manager, CHF Investor Relations, Tel: +1-416-868-1079 ext. 228, Fax: +1-416-868-6198, Email: robin@chfir.com

Cars.Com Races Into Peak Car Buying Season With Sponsorship of 'Fast Cars & Superstars - Gillette Young Guns Celebrity Race'

CHICAGO, May 31 /PRNewswire/ -- Cars.com (http://www.cars.com/go/index.jsp) is accelerating its media campaign for the summer with sponsorship of ABC's "Fast Cars & Superstars -- Gillette Young Guns Celebrity Race," (http://www.gilletteyoungguns.com/tv/about/) a seven-episode series to air on ABC prime time beginning Thursday, June 7 (8:00 - 8:30 p.m. ET). Cars.com will have a significant presence throughout the series, including a branded car that will be featured in the premiere episode as celebrity drivers face-off behind its wheel during a time-trial race.

"Sponsorship of this new series presented a unique opportunity for Cars.com to reach consumers through branded entertainment," said Carolyn Crafts, vice president of marketing at Cars.com. (http://www.cars.com/go/index.jsp) "Cars.com has been well-integrated into the series, allowing consumers to actively engage with our brand in a way that goes far beyond a 30-second spot."

As one of seven corporate sponsors of "Fast Cars & Superstars -- Gillette Young Guns Celebrity Race," Cars.com will be prominently featured. In addition to its branded race car, Cars.com will be integrated into the show through signage and leader-board sponsorship. Several Cars.com commercial spots will also air on ABC throughout the series. Online, Cars.com visitors will find exclusive behind-the-scenes coverage from the filming of the show, including interviews with celebrity drivers.

"As we head into peak car-buying season, this high profile sponsorship comes at a fantastic time for Cars.com advertisers who will benefit from our increased visibility," Crafts said. "Our continued investment in marketing is driving more car shoppers to our site and ultimately to our advertising partners."

Sponsorship of ABC's "Fast Cars & Superstars -- Gillette Young Guns Celebrity Race," is in keeping with Cars.com's strategy to build its brand and reach in-market car shoppers through engaging ad mediums and sponsorship opportunities. Other key elements of the site's 2007 media campaign include presenting sponsorships of live sporting events, such as ESPN and ESPN2 Saturday Afternoon College Basketball and ESPN Saturday Afternoon College Football. Cars.com also recently announced the launch of an online brand campaign that includes sponsorship of hit shows on ABC.com as well as placements on popular news and information websites, including MSN, ESPN.com, MapQuest.com and CNET.com. Cars.com's 2007 campaign, the largest in company history, is valued at $110 million and is expected to reach more than 250 million consumers.

About Cars.com

Partnered with more than 200 leading metro newspapers, television stations and their websites, Cars.com (http://www.cars.com/go/index.jsp) is the most comprehensive destination for those looking to buy (http://www.cars.com/go/buyIndex.jsp?aff=national) or sell (http://siy.cars.com/siy/zipEntry.jsp;jsessionid=OY1ACQAO0ST2VLAYIJAQ5IY?locat ionZip=&referer=hdr_top&adKey=ad_1179251152868&aff=national) a new or used car. The site lists more than 2 million vehicles from 13,000 dealer customers, classified advertisers and private parties to offer consumers the best selection of new and used cars online, as well as the content, tools and advice to support their shopping experience. Recently selected by Forbes.com as a Best of the Web site for car shopping, Cars.com (http://www.cars.com/go/index.jsp) combines powerful inventory search tools and new-car configuration with pricing information, photo galleries, buying guides, side-by-side comparison tools, original editorial content and reviews to help millions of car shoppers connect with sellers each month.

Launched in June 1998, Cars.com (http://www.cars.com/go/index.jsp) is a division of Classified Ventures, LLC, (http://www.classifiedventures.com/) which is owned by leading media companies, including Belo , Gannett Co., Inc. , The McClatchy Company , Tribune Company and The Washington Post Company .

EDITOR'S NOTE: View Cars.com's commercials online at http://dealers.cars.com/media.

Cars.com

CONTACT: Jackie Brennan, +1-312-601-6229, or cell, +1-219-577-6106,
jbrennan@cars.com, or Brian R. Hannan, +1-312-601-5519, or cell,
+1-312-218-0788, bhannan@cars.com, both of Cars.com

Web site: http://www.cars.com/
http://www.classifiedventures.com/

30 Texas Students Awarded Verizon Foundation ScholarshipsCompany Awards Scholarships of Up to $20,000 to 250 Children of Verizon Employees Across the Country; 11 Winners From DFW Metroplex

IRVING, Texas, May 31 /PRNewswire/ -- Paying for college just got easier for 30 Texas children of Verizon employees who have earned college scholarships from the Verizon Foundation, the philanthropic arm of Verizon Communications. Eleven of the winners are from the Dallas/Fort Worth Metroplex.

The students will each receive $5,000 annually toward their college expenses and are eligible to receive a maximum award of $20,000 throughout four years of college.

This year's recipients are: * Art Arteaga of San Angelo, a graduate of Central High School and son of Maria Arteaga. Arteaga plans to attend Angelo State University and major in pharmacy. * Brittany Avant of Gonzales, a graduate of Gonzales High School and daughter of Robert Avant. Avant plans to attend Texas State University- San Marcos and pursue a career as an ultrasound technician. * Eugene Baek of Richardson, a graduate of Berkner High School and son of Jung Baek. Baek plans to attend Vanderbilt University and major in economics. * John Barton of Wylie, a graduate of Wylie High School and son of John Barton. Barton plans to attend East Texas Baptist University and major in history and religion. * Donesha Bell of Lancaster, a graduate of Skyline High School and daughter of Sharunda Kuykendall. Bell plans to attend the University of Texas at Austin and major in business finance. * Tiffani Burgess of Bedford, a graduate of Trinity High School and daughter of Kevin Caddell. Burgess plans to attend Cornell University and major in biomedical engineering. * Jared Caddell of Como, a graduate of Como Pickton High School and son of Jerry Caddell. Caddell plans to attend Texas A&M University-Commerce and major in engineering. * Jessica De Hoyos of San Angelo, a graduate of Lake View High School and daughter of Magdalena Davis. De Hoyos plans to attend Angelo State University and major in computer science. * Hai Dinh of Katy, a graduate of Mayde Creek High School and daughter of Minh Pham. Dinh plans to attend the University of Houston and major in dentistry. * Kristina Garrison of Terrell, a graduate of Terrell High School and daughter of Lora Garrison. Garrison plans to attend the University of Texas at Arlington and major in biology. * Joel Garza Jr. of Rio Grande City, a graduate of Roma High School and son of Joel Garza. Garza plans to attend the University of Texas at Austin and major in chemistry. * Darcy Hair of San Angelo, a graduate of Central High School and daughter of Colleen Hair. Hair plans to attend Angelo State University and major in education. * Matthew Hejl of San Angelo, a graduate of Wall High School and son of Judy Hejl. Hejl plans to attend San Angelo State University and major in communications. * Alexis Hunter of Lewisville, a graduate of Lewisville High School and daughter of Sansulan Pine. Lawson plans to attend the University of Oklahoma and major in medicine. * Christina King of Wylie, a graduate of Wylie High School and daughter of Diana King. King plans to attend Texas A&M University and major in biomedical science. * Briley Leggett of San Angelo, a graduate of Wall High School and daughter of Mary Lewis. Leggett plans to attend Texas A&M University and major in poultry science. * Michael Markham of San Angelo, a graduate of Central High School and son of Thomas Guthrie. Markham plans to attend Angelo State University and major in medicine. * Samantha Martinez of San Antonio, a graduate of Douglas MacArthur High School and daughter of Robert Torres. Martinez plans to attend the University of Texas at San Antonio and major in journalism. * Phillip Morrow of Denton, a graduate of Billy Ryan High School and son of Phillip Morrow. Morrow plans to attend Texas A&M University and major in architecture. * John Payne of Ozona, a graduate of Ozona High School and son of Leticia Payne. Payne plans to attend Angelo State University and major in education. * Troy Peoples of Duncanville, a graduate of Duncanville High School and son of Damita Peoples. Peoples plans to attend the University of Houston and major in archaeology. * Amanda Pullen of Denton, a graduate of John H. Guyer High School and daughter of Cathy Pullen. Pullen plans to attend the University of North Texas and major in psychology. * Kristin Ranard of San Angelo, a graduate of Central High School and daughter of Kelly Ranard. Ranard plans to attend Angelo State University and major in journalism. * Michelle Ruiz of San Angelo, a graduate of Lake View High School and daughter of Willie Ruiz. Ruiz plans to attend Angelo State University and major in education. * Jessica Rush of Sachse, a graduate of Garland High School and daughter of Johnny Rush. Rush plans to attend Texas Tech University and major in journalism. * Mariam Sattar of Sugar Land, a graduate of DeBakey High School for Health Professionals and daughter of Bilal Sattar. Sattar plans to attend the University of Houston and major in pre-medicine. * Samuel Turner of Jacksboro, a graduate of Jacksboro High School and son of Deanna Gilbert. Turner plans to attend Tarleton State University and major in business. * Ashley Walker of Houston, a graduate of Elsik High School and daughter of Shirron Walker. Walker plans to attend the University of Oklahoma and major in medicine. * Kiara Warfield of Dallas, a graduate of Plano East Senior High School and daughter of India Warfield. Warfield plans to attend Sam Houston State University and major in accounting. * Kerry West of Canton, a graduate of Canton High School and daughter of David West. West plans to attend Dallas Baptist University and major in music business.

Verizon's scholarship program selects recipients based on financial need, academic achievement and extracurricular activities. The scholarships are for high school seniors who plan to attend an accredited four-year institution.

Since 2001, more than 1,800 students from across the country have benefited from the scholarship program, which has invested more than $27.7 million toward the college education of children and dependents of Verizon employees. For the 2007-2008 academic year, the Verizon Foundation will invest approximately $4.8 million toward the education of 957 Verizon scholars, including 250 freshman and 707 upperclassmen.

"Verizon's long-standing commitment to developing a skilled work force begins at home, with the children of our employees," said Steve Banta, Verizon Southwest region president. "Verizon proudly supports and congratulates these students and realizes that an investment in their education is an investment in our future."

The Verizon Foundation awards the scholarships in partnership with Scholarship America, the nation's largest nonprofit, private sector scholarship and educational support organization, which was founded in 1958.

A list of Verizon scholars is available on the Verizon Foundation Web site, at http://www.verizon.com/foundation.

The Verizon Foundation is committed to improving literacy and K-12 education; fostering awareness and prevention of domestic violence; and promoting the use of technology in health-care delivery.

In 2006, the foundation awarded more than $69 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched charitable donations from Verizon employees and retirees, resulting in $29 million in combined contributions. Under the foundation's Verizon Volunteer initiative, one of the nation's largest employee-volunteer programs, company employees and retirees also have contributed nearly 3 million hours of community service since Verizon's inception in 2000.

For more information on the foundation, visit http://www.verizon.com/foundation.

Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving 60.7 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon has a diverse workforce of more than 238,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit http://www.verizon.com/.

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

Verizon

CONTACT: Bill Kula, APR, Verizon +1-972-718-6924, or
william.kula@verizon.com

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

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

Micrel Introduces Industry's Smallest 7W Integrated Boost LED Driver for Portable Applications

SAN JOSE, California, May 31 /PRNewswire/ --

Micrel Inc. (Nasdaq: MCRL), an industry leader in analog, high bandwidth communications and Ethernet IC solutions, today launched the MIC2298, the industry's tiniest and most powerful LED driver for portable applications. The device is a 7W, high-efficiency boost DC-to-DC converter housed in a tiny 3mm x 3mm MLF(R) package. Targeting photoflash and torchlight applications in mobile phones, PDAs, and digital cameras, the MIC2298 is available in volume with pricing starting at US$1.65 for 1K quantities.

"Mobile phones and PDAs have dramatically increased the camera resolution they offer consumers," noted Ralf Muenster, Micrel's marketing director for power products. "However, even these high resolution cameras continue to perform poorly in low light situations. Micrel's new MIC2298 LED driver gives designers the ability to enhance their integrated cameras with a powerful high brightness LED flash that consumes only minimal board space and battery life."

The MIC2298 offers a guaranteed switch current of 3.5A allowing the device to deliver 1A into two high brightness WLEDs connected in series. This enables a powerful flash that improves picture quality, particularly in 2 Mega pixel and higher cameras. The LED brightness can be dynamically controlled by applying a voltage or PWM signal to the brightness pin. The IC operates at a fixed 1MHz switching frequency with greater than 86 percent efficiency. The high efficiency enables longer battery life and, when combined with its extremely small footprint, makes Micrel's MIC2298 the best solution for driving high brightness LEDs in advanced mobile phone and PDA applications. The MIC2298 solution requires only a tiny 2.2uH inductor and small ceramic capacitors making the footprint very compact while minimizing solution cost. Additionally, the solution operates from an input voltage range of 2.5 - 10V, consistent with the operating range of single and dual cell Li-Ion batteries.

About Micrel Inc.

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

Note: MLF is a registered trademark of Amkor Technology.

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

Micrel Inc.

Julieanne DiBene, Marketing Communications, Micrel Inc., +1-408-474-1276, Julie.DiBene@Micrel.com

Micrel lance le pilote de DEL à poussée intégrée 7W destiné aux applications portables le plus petit de l'industrie

SAN JOSE, Californie, May 31 /PRNewswire/ --

Micrel Inc. (Nasdaq : MCRL), leader de son industrie en matière de solutions de CI Ethernet et de communications analogiques à large bande passante, a lancé aujourd'hui le MIC2298, le pilote de DEL destiné aux applications portables le plus petit et puissant de l'industrie. L'appareil est un convertisseur CC-CC à poussée de grande efficacité 7W se trouvant dans un format MLF(R) minuscule de 3 mm x 3 mm. Ciblant les applications de photoflash et de flambeaux dans les téléphones portables, les PDA et les appareils photos numériques, le MIC2298 est disponible en volume à partir de 1,65 $US pour 1000 unités.

<< Les téléphones portables et les PDA ont fait augmenter de façon spectaculaire la résolution des appareils photos qu'ils offrent aux consommateurs >>, a remarqué Ralf Muenster, directeur du marketing pour les produits d'alimentation de Micrel. << Cependant, mÃªme ces appareils photos à haute résolution continuent de donner de mauvais résultats lorsqu'utilisés dans des lieux à faible luminosité. Le nouveau pilote de DEL MIC2298 de Micrel donne aux concepteurs la capacité d'améliorer leurs appareils photos intégrés à l'aide d'un flash DEL puissant à haute luminosité qui n'exige qu'un espace minimal sur la carte et qu'une infime partie de la durée de vie de la batterie.

Le MIC2298 offre un courant de commutation garanti de 3,5 A permettant à l'appareil de fournir 1 A dans deux DEL blanches à haute luminosité connectées en séries. Cela provoque un flash puissant qui améliore la qualité d'image, particulièrement dans les appareils photos à 2 mégapixels ou plus. La luminosité des DEL peut Ãªtre contrôlée dynamiquement en appliquant une tension ou un signal MID au régulateur de luminosité. Le CI est exploité à une fréquence de commutation fixée à 1 MHz, et son taux d'efficacité est supérieur à 86 pour cent. Cette grande efficacité permet d'accroître la durée de vie de la batterie et, lorsque combinée avec une empreinte extrÃªmement petite, fait du MIC2298 de Micrel la meilleure solution pour stimuler les DEL à haute luminosité dans les applications de pointe des téléphones portables et des PDA. La solution MIC2298 ne nécessite qu'un minuscule inducteur de 2,2 uH et des petits condensateurs céramiques rendant l'empreinte très compacte tout en minimisant les coÃ»ts de la solution. De plus, la solution est exploitée à partir d'une gamme de tension d'entrée allant de 2,5 V à 10 V, correspondant à l'autonomie de batteries Li-ion à cellules uniques ou doubles.

Ã€ propos de Micrel Inc.

Micrel Inc. est un leader mondial en matière de conception de solutions de CI Alimentation, Connexion et Protection pour les marchés analogiques, Ethernet et à haute largeur de bande du monde entier. La société compte parmi ses produits des semi-conducteurs mixtes, analogiques et de puissance de pointe; des circuits intégrés de communications haute performance, de gestion d'horloge, de commutateurs Ethernet et d'émetteur-récepteur à couche physique. La société a pour clients des fabricants chefs de file de produits d'entreprise, grand public, industriels, mobiles, de télécommunications, automobiles et informatiques. Le siège de Micrel et ses installations de fabrication de plaquettes à la fine pointe de la technologie sont situés à San Jose, en Californie, et la société compte des bureaux régionaux de vente et de service à la clientèle ainsi que des centres de conception de haute technologie en Amérique du Nord, en Amérique du Sud, en Europe et en Asie. De plus, elle possède un vaste réseau de distributeurs et de représentants dans le monde entier. Site Web : http://www.micrel.com.

REMARQUE : MLF est une marque de commerce déposée d'Amkor Technology.

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

Micrel Inc.

Julieanne DiBene, Communications marketing de Micrel Inc., +1-408-474-1276, Julie.DiBene@Micrel.com

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