Kae Whang and Bryan 'B' Washington Bring 'The Biggest Loser' Million-Pound Tour, Presented by MSN, to The GalleriaMSN and NBC's 'The Biggest Loser' come to Houston to encourage Americans to pledge to lose 1 million pounds collectively.

REDMOND, Wash., Feb. 1 /PRNewswire-FirstCall/ --

Who: "The Biggest Loser" Season Four contestants Kae Whang and Bryan "B" Washington, along with MSN Health & Fitness and local fitness experts, will be at The Galleria to discuss "The Biggest Loser" Million Pound Match-Up sweepstakes, at http://biggestloser.msn.com/, a challenge to Americans to pledge to collectively lose 1 million pounds during the course of the show "The Biggest Loser: Couples." What: On Feb. 2 and 3, the MSN Health & Fitness team, along with Kae Whang and Bryan "B" Washington of "The Biggest Loser," will be available to answer questions and provide advice on weight loss. Participants will have the opportunity to receive free body mass index and blood pressure tests and free giveaways from MSN and NBC's "The Biggest Loser" team. Why: With over 4.3 million pounds already pledged from across America, MSN Health & Fitness and NBC's "The Biggest Loser" are committed to help provide a place where people can work together to lose weight and have fun while they do it. Where: People interested in participating in "The Biggest Loser" Million Pound Match-Up can sign up for the contest in person at The Galleria on Feb. 2 and 3 between 11 a.m. and 5 p.m. They can also review full rules and details and register online at http://biggestloser.msn.com/. About MSN and Windows Live

MSN attracts more than 465 million unique users worldwide per month. With localized versions available globally in 42 markets and 21 languages, MSN is a world leader in delivering compelling programmed content experiences to consumers and online advertising opportunities to businesses worldwide. Windows Live, a set of personal Internet services and software, is designed to bring together in one place all the relationships, information and interests people care about most, with enhanced safety and security features across their PC, devices and the Web. MSN and Windows Live are offered alongside each other as complementary services. Some Windows Live services entered an early beta phase on Nov. 1, 2005; these and future beta updates can be found at http://ideas.live.com/. Windows Live is available at http://www.live.com/. MSN is located on the Web at http://www.msn.com/. MSN worldwide sites are located at http://www.msn.com/worldwide.ashx.

About Microsoft

Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Microsoft Corp.

CONTACT: Jim Pinter, +1-952-210-2668, jpinter@waggeneredstrom.com, or
Rapid Response Team, +1-503-443-7070, rrt@waggeneredstrom.com, all of Waggener
Edstrom Worldwide, for Microsoft Corp.

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

CMP's TechWeb Network Launches First Fully Integrated B-to-B Performance Marketing Business UnitNew Unit Delivers Expanded Pay-Per-Performance Lead Generation Programs and Services; Launches TechWeb Digital Library to Serve Multimedia Content to 8 Million Business Technology Decision Makers

MANHASSET, N.Y., Feb. 1 /PRNewswire-FirstCall/ -- The TechWeb Network, a division of CMP's Business Technology Group, announced today the launch of a next-generation fully integrated Performance Marketing Business Unit, that focuses exclusively on performance-based marketing programs and services, from conception to delivery. The dedicated unit will integrate and leverage the Business Technology Group's powerful brand capabilities and lead-generation engines, including the TechWeb Network, InformationWeek, Interop, Web 2.0 Conference and Black Hat, to deliver incomparable leads and results for technology marketers.

TechWeb Network also debuted its TechWeb Digital Library, http://www.techweb.com/digital_library, one of the largest and most comprehensive multimedia resources targeting the business technology market. TechWeb Digital Library serves up thousands of digital content assets, including white papers, webcasts, podcasts and video programming for the 8 million Business Technology decision makers who engage with the TechWeb Network. Architected from the ground up and based on InformationWeek and TechWeb Network's experience in creating "content in context" for the IT audience, the library is a free resource that aggregates content by technology topics, by vendor and by media platform. TechWeb Digital Library will act as a foundation for the Performance Marketing unit's lead generation programs and services, and allow technology vendors to post digital content and garner leads from user downloads.

"The establishment of our Performance Marketing unit, along with the launch of the TechWeb Digital Library, creates the first fully integrated performance marketing system in the business technology market. We have the unique ability to integrate the power and efficiencies of online marketing through the TechWeb Network, with the strength of 200 industry leading events including Interop, Web 2.0 Expo and VoiceCon, and the power and influence of targeted print programs through InformationWeek," said Tony Uphoff, President of CMP's Business Technology Group. " TechWeb has been at the forefront of online lead generation since its inception. We will continue to invest and dedicate ourselves to building and delivering the next-generation of outcome- based marketing programs for our customers. "

CMP's Business Technology Group Performance Marketing unit will access CMP's vast portfolio of products and platforms in its mission to not only meet the information gathering needs of busy business technology professionals but also the lead generation requirements of today's ROI-focused technology marketers. Newly expanded lead generation products include:

- InformationWeek Reports, informationweekreports.com,: hundreds of reviews and impact assessment analysis pdf on-demand reports help technology decision-makers create evaluation criteria and vendor-short lists - InformationWeek Analytics, informationweekanalytics.com, : in-depth, peer-to-peer IT analyst reports with deep business and technical information on specific technology categories helps technology decision- makers choose and recommend solutions. - InformationWeek Immersion Centers: virtual events that allows IT decision-makers to engage and interact with editorial and vendor experts. - Live Events: from large-scale industry events like Interop, Web 2.0 and VoiceCon to InformationWeek 500 Conference and road shows, Business Technology Group events activate discussions between technology decision-makers and vendors.

CMP veteran and VP of Marketing Operations, Pamala McGlinchey, leads the Performance Marketing effort, along with Michael Rasmussen, Director of Performance Marketing. In addition to lead generation services, CMP's Performance Marketing unit will include web analytics and reporting, asset and content development and end-to-end dashboard program management, which takes a holistic view of campaign across various media components. The unit will deliver both guaranteed lead generation programs as well as pay-per-download programs.

"We've coupled our online and audience expertise with intelligence from partnerships with companies such as Bitpipe and KnowledgeStorm to develop next-generation lead generation services," said Pamala McGlinchey. "Our advantage is that we're able to layer on top of that experience, the brand affinity that our products and services in print, online, and events, both live and web based, have with 8 million technology decision makers. Never before have Technology marketers looking to develop their databases, nurture leads or jump start their sales pipelines, had a media partner that provides cross-brand, cross-media platform access. Now Technology marketers have a single resource to partner with."

About CMP:

CMP (http://www.cmp.com/) is a media and marketing solutions company serving the technology industry. With the leading online, event, and print brands in all technology market categories, and with services and tools that reach beyond traditional advertising, CMP shapes and influences the technology industry worldwide. CMP publishes highly respected media brands such as the TechWeb Network, InformationWeek, ChannelWeb, CRN, EE Times, and TechOnline; produces major industry events such as Interop, Web 2.0 Expo, XChange, Game Developers Conference, and the Embedded Systems Conferences; and provides business information and marketing services such as the International Customer Management Institute, Semiconductor Insights, and Second Life consulting for technology marketers. CMP is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com/), a global provider of news distribution and specialist information services with a market capitalization of more than $3 billion. For more CMP news, go to http://www.cmp.com/news.

Contact: Alix Raine CMP 561-562-7827 araine@cmp.com

CMP

CONTACT: Alix Raine, CMP, +1-561-562-7827, araine@cmp.com

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

Company News On-Call: http://www.prnewswire.com/comp/181993.html

Agilysys Reports Unaudited Fiscal 2008 Third-Quarter Results- Net sales increased 65% for the quarter including 12% organic growth and 61% for the first nine months including 13% organic growth- Operating income of $2.5 million for the quarter was flat compared with last year- Company repurchased 8.4 million or 27% of outstanding shares to date

BOCA RATON, Fla., Feb. 1 /PRNewswire-FirstCall/ -- Agilysys, Inc. , a leading provider of innovative IT solutions, today announced fiscal 2008 unaudited third-quarter results for the period ended December 31, 2007.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO ) Third-Quarter Results of Operations

Sales for the third quarter increased 65.1% to $250.1 million, compared with $151.5 million in the third quarter of fiscal 2007. Organic revenue grew $17.9 million, or 11.8%, compared with last year's third quarter, and represented 18.2% of the sales increase. Revenue from the company's four recent acquisitions contributed $80.7 million, or 81.8% of the sales increase.

Fiscal 2008 third-quarter sales of hardware products were $189.3 million, up 57.8%, compared with $120.0 million for last year's third quarter. Software sales were $25.5 million, up 119.5% from $11.6 million a year ago. Services revenue was $35.3 million, up 77.3% from $19.9 million a year ago.

Gross margin for the third quarter was $57.7 million, or 23.1% of sales, compared with $35.5 million, or 23.4% of sales, for the third quarter of fiscal 2007. The slight decline in gross margin percentage was due to the change in customer and product mix in the quarter compared with the year-ago quarter.

Selling, general and administrative (SG&A) expenses for the third quarter were $55.2 million, or 22.1% of sales, compared with $33.0 million, or 21.8% of sales, in the same quarter a year ago. The $22.2 million increase in SG&A expenses was principally due to incremental operating expenses from the company's recent acquisitions, which contributed $19.1 million, or 86.0% of the increase in expenses. Depreciation and amortization expense for the quarter was $8.2 million compared with $1.9 million last year.

Net interest income for the third quarter was $1.4 million compared with $1.0 million in the same period last year. The improvement was due to the company's higher cash position, which was partially offset by a slight decline in the yield earned on the company's short-term investments.

Income from continuing operations for the third quarter was $1.1 million, or $0.04 per share, compared with $2.5 million, or $0.08 per share, for the third quarter last year. Included in income from continuing operations was a loss of approximately $1.0 million associated with the company's equity investment.

EBITDA was $10.6 million for the current quarter, compared with $4.4 million a year ago. As a result of the March 2007 divestiture of the company's KeyLink Systems distribution business and recent acquisitions, the company believes that EBITDA from continuing operations (earnings before interest, taxes, depreciation, amortization, and results of discontinued operations) most accurately reflects the company's performance and provides more meaningful year-over-year comparisons. (NOTE: A reconciliation of EBITDA to net income is provided in the financial tables included in this release. This financial measure of profitability is included to supplement the unaudited condensed consolidated financial statements presented in accordance with generally accepted accounting principles ("GAAP") in this press release. See the "Use of Non-GAAP Financial Information" section in this release for further information.)

Excluding one-time discrete tax items, the effective income tax rate for continuing operations for the three months ended December 31, 2007 was 66.4% compared with 20.6% for the third quarter in the prior year. The effective income tax rate differs from the statutory rate principally because of the effects of losses related to the company's equity investment, tax code limitations on deductibility of meals and entertainment expenses, and compensation associated with incentive stock option awards.

"Operationally, this quarter was very strong, with solid demand across our base business and our newly acquired businesses," said Arthur Rhein, chairman, president and chief executive officer. "However, our quarterly financial results reflect lower sales than anticipated due to a significant increase in bill-and-hold sales, which, consistent with our revenue recognition policies, will contribute to sales and earnings in subsequent quarters. Additionally, we incurred higher costs in the quarter for unanticipated one-time expenses associated with acquisitions."

Year-to-Date Results of Operations

For the nine months ended December 31, 2007, sales were $574.6 million, a 61.2% increase compared with sales of $356.5 million for the comparable period last year. Organic growth accounted for $45.5 million, or 20.9%, of the increase in sales, representing a 12.8% increase compared with last year. Incremental sales from the company's recent acquisitions accounted for $172.7 million, or 79.1% of the increase, representing an increase of 48.4% over the comparable period last year.

Year-to-date sales of hardware products were $427.2 million, up 63.8% from $260.7 million for the first nine months of last year. Software sales were $52.5 million, up 105.9% from $25.5 million a year ago. Services revenue was $95.0 million, up 35.2% from $70.3 million last year.

Gross margin for the nine months was 23.1% of sales, compared with 24.9% in the prior-year period. The decline in gross margin percentage was due to a change in customer and product mix, including acquisitions made in the past year. Approximately 40 basis points of the decline was unanticipated and is due to our increased participation in a more highly competitive storage environment.

Selling, general and administrative expenses were $139.2 million, or 24.2% of sales, for the year to date, compared with $95.8 million, or 26.9%, in the prior-year nine-month period. The $43.4 million increase in SG&A expense was mainly due to incremental operating expenses from the company's recent acquisitions, which accounted for $37.3 million, or 85.9% of the increase. Depreciation and amortization for the first nine months was $13.3 million compared with $5.9 million for the same period last year.

Income from continuing operations increased $10.2 million year-to-date to $5.2 million, or $0.17 per share, compared with a loss of $5.1 million, or a loss of $0.17 per share, for the same period a year ago.

EBITDA for the nine-month period was $6.9 million, an increase of $8.0 million over the prior-year period's loss of $1.1 million.

Recent Acquisitions and Intangible Asset Amortization

The company has recorded total intangible amortization expense of $5.9 million for the third quarter, and $8.8 million for the nine months ended December 31, 2007.

This quarter's results included the full-quarter contribution of all four acquisitions, which have been integrated into the organization. Visual One Systems -- acquired in January 2007 for $14.3 million -- is a leading developer of open system software, and has been integrated into the Hospitality Solutions business. Agilysys also completed the acquisition of InfoGenesis -- acquired in June 2007 for $90.7 million. InfoGenesis is a software developer with the most innovative and scalable point-of-sale product in the hospitality industry. Both of these acquisitions have significantly expanded the company's customer base in the hospitality market and have strengthened its already leading positions in key segments of the hospitality industry.

In April, the company acquired Stack Computer for $26.9 million. Stack, an EMC premier technology integrator and Cisco Advanced Technology Partner, has become the foundation of the company's storage and networking solutions practice. And, in July, Agilysys completed the acquisition of Innovativ Systems Design for $108.6 million. Innovativ is the largest U.S. solution provider of Sun Microsystems server, storage and enterprise storage management products and professional services. All of these acquisitions have established new markets for Agilysys, diversified the company's supplier mix, and broadened its customer base.

Balance Sheet and Treasury Highlights

Cash flow from continuing operations in the attached cash flow statement includes divestiture-related charges. Excluding taxes and transaction expenses associated with the divestiture, the company generated $17.7 million in cash flow from operations for the year to date.

Cash and cash equivalents were $138.4 million compared with $604.7 million at March 31, 2007. The decrease in cash was due to acquisitions, repurchase of common stock and tax payments related to the divestiture of KeyLink Systems distribution business. The company has aggressively invested the majority of the divestiture proceeds in strategic acquisitions and recapitalizing the business. The company paid $212.7 million, net of cash acquired, for acquisitions and $120.5 million for the repurchase of common shares.

As of December 31, 2007, accounts receivable were $224.7 million, an increase of 92.5%, or $108.0 million, compared with $116.7 million at March 31, 2007. Accounts payable of $185.8 million increased 120% from $84.3 million at March 31, 2007. The increases in receivables and payables were due to the overall increase in company sales and the impact of recent acquisitions.

Inventory was $48.2 million at December 31, 2007, compared with $9.9 million at March 31, 2007. Included in inventory is $31.5 million in bill- and-hold inventory. From time to time, the company enters into bill-and-hold sales transactions where the customer has placed an order, and consistent with the customer's requirements, the customer has accepted an invoice with shipment of the product scheduled to occur at a later date. In such instances, revenue and the cost of goods sold are recognized once the product has been shipped to the customer. The cost of goods sold associated with these transactions is included in inventory on the balance sheet until shipped.

Net working capital as a percentage of sales at December 31, 2007 was 5.8%, for the trailing twelve months. This reflects an improvement from 11.0% a year ago, and represents the company's progress toward its goal of keeping working capital at approximately 5% of sales.

Share Repurchases

On September 26, 2007, Agilysys announced the final results of its modified "Dutch Auction" tender offer, which expired September 19, 2007. The company accepted for repurchase 4,653,287 shares at a price of $18.50 per share, for a total cost of approximately $86.1 million, excluding fees and expenses related to the tender offer.

On December 17, 2007, the company announced it had completed the repurchase of 2,000,000 shares on the open market at a total purchase price of approximately $30.4 million. Also announced on December 17, 2007, Agilysys entered into an additional Rule 10b5-1 plan that enables the repurchase of up to an additional 2,500,000 of the company's common shares. As of January 25, 2008, 1,793,854 common shares have been repurchased for approximately $26.1 million under this plan.

Including the shares repurchased in the self-tender offer, during the past six months the company has repurchased 8.4 million shares or approximately 27% of its previously outstanding basic shares. Following these repurchases, approximately 23.1 million shares are outstanding.

Business Outlook

As of the fiscal 2008 third quarter, the company is updating guidance to account for its nine-month performance. As a result, the company is confirming its previously issued guidance for annual sales and gross margin. Annual sales are expected to be in the range of $780 million to $800 million. Full-year gross margin is expected to remain at approximately 23.5% of sales.

However, the company now expects EBITDA margin to be approximately 2.0% of sales. SG&A expenses are anticipated to be approximately $190 million for the full year, including the impact of acquisition- and integration-related costs, stock compensation expense of $6 million, and depreciation and amortization of $18.5 million. Interest income is expected to be approximately $12.5 million and the company anticipates an effective tax rate of approximately 27% for the fiscal year, including the impact of $2.9 million in year-to-date FIN 48 benefits. Based on an estimated 28.5 million weighted average diluted shares outstanding, earnings per share are expected to be in the range of $0.22 to $0.25 per share.

"Although we are revising EBITDA guidance and are very mindful of maintaining operating efficiencies, we are well ahead of our plans with an $850 million run rate in revenues this year," said Rhein. "Our strong organic sales growth is occurring at the same time we are integrating four newly acquired businesses without impacting our core business. We remain focused on executing our strategic plan, and are on target toward meeting our long-term financial goals."

At the time of the March 2007 KeyLink divestiture, the company established the following long-term financial goals including:

-- Grow sales to $1 billion within two years of the March 2007 KeyLink Systems divestiture, and to $1.5 billion in three years; -- Target gross margins in excess of 20% and EBITDA margins of 6% within three years; and -- Continue to target long-term return on capital of 15%. Conference Call Information

A conference call to discuss third-quarter and year-to-date results is scheduled for 11 a.m. ET on Friday, February 1, 2008. The conference call will be broadcast live over the Internet and a replay will be accessible on the investor relations page of the company's Web site: http://www.agilysys.com/. A taped replay of the conference call will be available at 2 p.m. ET on Friday, February 1, 2008, through midnight ET on Friday, February 15, 2008, accessible by dialing (877) 344-7529 or (412) 317- 0088 (passcode #415198).

Use of Non-GAAP Financial Information

To supplement the unaudited condensed consolidated financial statements presented in accordance with GAAP in this press release, the company uses the non-GAAP financial measure of EBITDA, defined as net income plus interest, taxes, depreciation and amortization. EBITDA is further adjusted to remove the results of discontinued operations to arrive at EBITDA from continuing operations.

Management reviews these non-GAAP financial measures internally to evaluate the company's performance. Additionally, management believes that such information can enhance investors' understanding of the company's ongoing operations. The non-GAAP measures included in this press release have been reconciled to the comparable GAAP measures within the accompanying table, as required under SEC rules regarding the use of non-GAAP financial measures. They should not be considered in isolation or as a substitute for analysis of the company's results as reported under GAAP.

Forward-Looking Language

Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause Agilysys actual results to differ materially from those anticipated by the forward- looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent Securities and Exchange Commission (SEC) filings.

Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, sales volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, and new product introductions.

Other associated risks include geographic factors, political and economic risks, the actions of Agilysys competitors, changes in economic or industry conditions or in the markets served by Agilysys, and the ability to appropriately integrate and derive performance from acquisitions, strategic alliances, and joint ventures.

In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC's Web site, http://www.sec.gov/.

About Agilysys

Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology -- including hardware, software and services -- to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China.

AGILYSYS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended Nine Months Ended (In thousands, except share December 31 December 31 and per share data) 2007 2006 2007 2006 Net sales Products $214,770 $131,578 $479,679 $286,218 Services 35,280 19,900 94,965 70,259 Total net sales 250,050 151,478 574,644 356,477 Cost of goods sold Products 178,438 109,587 409,956 249,620 Services 13,957 6,381 31,904 18,080 Total cost of goods sold 192,395 115,968 441,860 267,700 Gross margin 57,655 35,510 132,784 88,777 Selling, general and administrative expenses 55,163 32,993 139,175 95,799 Operating income (loss) 2,492 2,517 (6,391) (7,022) Other expenses (income) Other expense, net 998 328 78 1,222 Interest income (1,620) (1,104) (12,271) (3,886) Interest expense 255 126 689 2,144 Income (loss) before income taxes 2,859 3,167 5,113 (6,502) Income tax expense (benefit) 1,785 630 (42) (1,447) Income (loss) from continuing operations 1,074 2,537 5,155 (5,055) Income from discontinued operations, net of taxes of $636 and $12,986 for the three-months ended December 31, 2007 and 2006, respectively, and $1,704 and $23,776 for the nine-months ended December 31, 2007, and 2006, respectively 881 17,426 2,832 37,261 Net income $ 1,955 $19,963 $7,987 $32,206 Earnings per share - basic Income (loss) from continuing operations $0.04 $0.08 $0.17 $(0.17) Income from discontinued operations 0.04 0.57 0.10 1.22 Net income $0.08 $0.65 $0.27 $1.05 Earnings per share - diluted Income (loss) from continuing operations $0.04 $0.08 $0.17 $(0.17) Income from discontinued operations 0.03 0.56 0.10 1.22 Net income $0.07 $0.64 $0.27 $1.05 Weighted average shares outstanding Basic 25,760,225 30,591,749 29,476,958 30,560,827 Diluted 26,112,682 31,067,820 30,109,946 30,560,827 Cash dividends per share $0.03 $0.03 $0.09 $0.09 AGILYSYS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts at December 31, 2007 are unaudited) (In thousands) December 31 March 31 2007 2007 ASSETS Current assets Cash and cash equivalents $138,404 $604,667 Accounts receivable, net 224,728 116,735 Inventories, net 48,153 9,922 Deferred income taxes 3,821 3,092 Prepaid expenses and other current assets 4,633 3,494 Assets of discontinued operations - current - 206 Total current assets 419,739 738,116 Goodwill 211,328 93,197 Intangible assets, net 92,294 8,716 Investments in affiliated companies 6,039 11,231 Other non-current assets 26,142 30,701 Property and equipment, net 26,407 17,279 Total assets $781,949 $899,240 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable $185,824 $84,286 Income taxes payable - 134,607 Accrued and other current liabilities 52,267 32,305 Liabilities of discontinued operations - current 147 162 Total current liabilities 238,238 251,360 Other non-current liabilities 28,637 20,813 Liabilities of discontinued operations - noncurrent - 223 Shareholders' equity Common shares 9,366 9,333 Treasury shares (2,079) (10) Capital in excess of stated value 15,977 129,750 Retained earnings 491,844 489,435 Accumulated other comprehensive loss (34) (1,664) Total shareholders' equity 515,074 626,844 Total liabilities and shareholders' equity $781,949 $899,240 AGILYSYS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Nine Months Ended December 31 (In thousands) 2007 2006 Operating activities: Net income $7,987 $32,206 Less: Income from discontinued operations (2,832) (37,261) Income (loss) from continuing operations 5,155 (5,055) Adjustments to reconcile income (loss) from continuing operations to net cash used for operating activities (net of effects from business acquisitions): Gain on redemption of investment in affiliated company (1,330) - Depreciation 2,575 1,219 Amortization 10,877 4,851 Deferred income taxes (455) 2,310 Stock based compensation 4,606 2,788 Excess tax benefit from exercise of stock options (97) (49) Changes in working capital: Accounts receivable (26,030) (40,627) Inventories (28,220) 3,075 Accounts payable 34,076 13,730 Accrued liabilities (3,001) (3,396) Income taxes payable (134,047) 10,061 Other changes, net 928 (1,435) Other non-cash adjustments 84 (1,612) Total adjustments (140,034) (9,085) Net cash used for operating activities (134,879) (14,140) Investing activities: Proceeds from redemption of investment in affiliated company 4,770 - Acquisition of businesses, net of cash acquired (212,741) - Proceeds from escrow settlement - 423 Purchase of property and equipment (5,981) (2,034) Net cash used for investing activities (213,952) (1,611) Financing activities: Purchase of treasury shares (120,471) - Dividends paid (2,690) (2,753) Issuance of common shares 1,446 1,230 Principal payment under long term obligations (189) (59,519) Excess tax benefit from exercise of stock options 97 49 Net cash used for financing activities (121,807) (60,993) Effect of exchange rate changes on cash 1,575 10 Cash flows used for continuing operations (469,063) (76,734) Cash flows of discontinued operations Operating cash flows 2,800 29,834 Investing cash flows - 60 Net decrease in cash (466,263) (46,840) Cash at beginning of period 604,667 147,850 Cash at end of period $138,404 $101,010 AGILYSYS, INC. RECONCILIATION OF EBITDA TO NET INCOME (Unaudited) Three Months Ended Nine Months Ended December 31 December 31 (In thousands) 2007 2006 2007 2006 Net income $1,955 $19,963 $7,987 $32,206 Plus: Interest income, net (1,365) (978) (11,582) (1,742) Income tax expense 1,785 630 (42) (1,447) (benefit) Depreciation and 8,152 1,923 13,283 5,901 amortization expense (a) Other expenses, net 998 328 78 1,222 Income from discontinued (881) (17,426) (2,832) (37,261) operations EBITDA from continuing $10,644 $4,440 $6,892 $(1,121) operations (a) Depreciation and amortization expense excludes amortization of deferred finance costs, as such costs are already included in interest income, net.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Agilysys, Inc.

CONTACT: Martin Ellis Executive Vice President, Treasurer and Chief
Financial Officer of Agilysys, Inc., +1-561-999-8780,
martin.ellis@agilysys.com

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

Microsoft apporte la vidéoconférence RoundTable à sept autres pays d'Europe de l'Ouest

VIENNE, Autriche, February 1 /PRNewswire/ --

- Le déploiement du système de vidéoconférence innovant à 360 degrés RoundTable de Microsoft enregistre un très grand succès.

Microsoft Corp a annoncé aujourd'hui l'augmentation de la disponibilité de son système de vidéoconférence unique Microsoft RoundTable en Europe de l'Ouest. Les entreprises situées en Autriche, au Danemark, en Finlande, en Irlande, en Norvège, en Suède et en Suisse peuvent maintenant bénéficier d'un système de vidéoconférence de prochaine génération, maximisant l'efficacité des communications, réduisant les coûts et offrant aux entreprises l'opportunité de transformer les réunions en actifs d'entreprise.

(Logo : http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)

Microsoft RoundTable est un dispositif de vidéoconférence tout-en-un, qui diffuse de la vidéo et de l'audio synchronisées sur un PC standard basé sur Windows. Dispositif de table dont la base est à peine plus grande qu'un téléphone à haut parleur traditionnel, il enregistre et fournit une vue panoramique à 360 degrés de tous les participants de la réunion. Microsoft RoundTable suit la conversation, identifiant les orateurs individuels et diffusant leur image en gros plan lorsqu'ils parlent ; le système est capable de faire une transition parfaite entre les différentes personnes participant à la conversation.

La téléconférence audio traditionnelle présente certains problèmes, l'efficacité des interactions diminuant à mesure de l'augmentation du nombre de participants : il devient de plus en plus difficile d'établir qui est en train de parler à un moment donné. Les systèmes de vidéoconférence surmontent cet obstacle, mais sont chers et difficiles à installer, et leur mise en oeuvre peut être compliquée. Cela se traduit par un nombre limité de salles de réunions adaptées à grands frais, qui nécessitent souvent d'être réservées plusieurs jours à l'avance. L'inflexibilité de chaque solution peut signifier que les réunions physiques sont inévitables, avec les complications et coûts d'assistance qui en résultent.

A la différence des systèmes de vidéoconférence standard, Microsoft RoundTable est facile à utiliser, nécessitant une formation minimale voire nulle pour le faire fonctionner. Son déploiement prêt à tourner (plug-and-play) signifie que, une fois le système connecté via Universal Serial Bus (USB) à Microsoft Office Communications Server 2007 ou Microsoft Office Live Meeting service (2007), il est prêt à être utilisé.

<< Microsoft RoundTable ressemble à un téléphone de téléconférence audio, et est aussi simple à utiliser que celui-ci, mais fournit l'efficacité de communication de la vidéoconférence>>, a déclaré Lukas Keller, chef de la division Unified Communications chez Microsoft. << Tout espace peut se transformer en salle de vidéoconférence, le temps de relier le câble USB de Microsoft RoundTable à un ordinateur disposant d'une connexion réseau -- et pour une fraction du coût des systèmes actuels. En étendant la disponibilité de son système, Microsoft permet à ses clients d'Europe de l'Ouest d'économiser du temps et de l'argent, tout en augmentant de façon significative l'efficacité des réunions >>.

Exploitant la valeur des réunions, Microsoft RoundTable peut aussi transformer les discussions en actifs d'entreprise. En les enregistrant, le système permet aux utilisateurs de voir le contenu, visionner toute présentation Microsoft Office PowerPoint utilisée et, surtout, comprendre la dynamique des réunions en regardant les participants en temps réel. Les enregistrements audio et vidéo sont synchronisés avec le contenu de la réunion afin que les utilisateurs puissent facilement avancer et revenir vers des sections pertinentes de la réunion.

La compagnie des eaux néerlandaise Evides fait partie des sociétés qui utilisent le système Microsoft RoundTable. << Nous avons constaté que Microsoft RoundTable a dépassé nos attentes en termes de facilité d'utilisation, fonctionnalité, et économie de temps et d'argent de déplacements >>, a déclaré Jan Urbanus, directeur des TIC chez Evides. << Nous démarrons maintenant un projet important regroupant deux sites situés à des limites opposées du pays. Sans Microsoft RoundTable, le personnel devrait faire face à un voyage d'au moins quatre heures, mais maintenant nous pouvons utiliser ce temps de manière plus productive et permettre aux members de l'équipe de communiquer et de collaborer comme dans une réunion face à face. D'autre part, comme Microsoft RoundTable n'est pas attaché à une sale de réunion spécifique, nos collaborateurs ont la flexibilité de tenir des réunions virtuelles à tout moment et en tout lieu >>.

<< Les cadres sont conscients du coût, de la perturbation et de la rupture potentiels impliqués par les voyages d'affaires. Microsoft RoundTable fournit un système de vidéoconférence mobile, simple à déployer et à utiliser, et beaucoup moins cher que les solutions existantes >>, a déclaré Keller. << La flexibilité de Microsoft RoundTable assure qu'il existe maintenant un moyen beaucoup plus efficace pour réunir les personnes en Europe et dans le monde >>.

Microsoft RoundTable est maintenant disponible pour les clients à un prix de vente estimé de 3 000 USD par le biais d'un processus de commande directe Microsoft et, bientôt, par le biais de revendeurs agrées dans 13 pays d'Europe de l'Ouest :

-- Autriche -- Danemark -- Finlande -- France -- Allemagne -- Irlande -- Italie -- Pays-Bas -- Norvège -- Espagne -- Suède -- Suisse -- Royaume-Uni

De plus amples renseignements à propos de Microsoft Unified Communications et Microsoft RoundTable, notamment des renseignements d'achat, sont disponibles sur http://www.microsoft.com/uc/products/roundtable.mspx.

A propos de Microsoft

Fondée en 1975, Microsoft (Nasdaq : MSFT) est le leader mondial des logiciels, des services et des solutions qui aident les particuliers ainsi que les entreprises à réaliser leur plein potentiel.

A propos de Microsoft EMEA (Europe, Moyen-Orient et Afrique)

Microsoft est présente dans la région EMEA depuis 1982. Microsoft emploie plus de 16 000 personnes dans la région au sein de plus de 64 filiales, fournissant des produits et des services dans plus de 139 pays et territoires.

Le présent document ne sert qu'à des fins d'information. Microsoft Corp rejette toutes les garanties et les conditions concernant l'utilisation du présent document à d'autres fins. Microsoft Corp ne pourra, à aucun moment, être tenue responsable des dommages directs, indirects, particuliers ou consécutifs, ayant été occasionnés au cours d'une action contractuelle, d'une négligence, ou de toute autre action découlant de l'utilisation du présent document, ou qui y est liée. Aucun des propos contenus dans le présent document ne peut être interprété comme une forme quelconque de garantie.

Site web : http://www.microsoft.com

Microsoft

Daniela Trivelloni, directrice RP Microsoft Europe de l'Ouest, +44-(0)-7812-338101, i-datriv@microsoft.com ; ou Dan Roche, ou Lucy Fairbrass, tous deux de Waggener Edstrom Worldwide, +44-(0)-207-632-3800, WEIWPR@waggeneredstrom.com, pour Microsoft ; ou Centre de réponse Microsoft EMEA, emearesponse@waggeneredstrom.com ; REMARQUE AUX REDACTEURS : Si vous êtes intéressés par la consultation d'informations supplémentaires sur Microsoft dans l'EMEA, veuillez visiter http://www.microsoft.com/emea ou le centre de presse de l'EMEA sur http://www.microsoft.com/emea/presscentre. Les liens hypertextes, numéros de téléphone et titres étaient corrects au moment de la publication, mais peuvent avoir changé depuis. Pour une assistance supplémentaire, les journalistes et analystes peuvent contacter les personnes appropriées dont les coordonnées sont affichées sur http://www.microsoft.com/emea/contactus. Si vous êtes intéressé par la consultation d'autres informations sur Microsoft Corp, veuillez visiter la page web de Microsoft sur http://www.microsoft.com/presspass sur les pages d'informations corporatives de Microsoft ; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk photodesk@prnewswire.com

Microsoft Proposes Acquisition of Yahoo! for US$31 per Share

REDMOND, Washington, February 1 /PRNewswire/ --

- Transaction valued at approximately US$44.6 billion in cash and stock;

- Provides 62 percent premium to current trading price for Yahoo! shareholders;

- Combined entity to create a more competitive company while providing superior value to shareholders and better choice and innovation for customers and partners

Microsoft Corp. (Nasdaq: MSFT) today announced that it has made a proposal to the Yahoo! Inc. (Nasdaq: YHOO) Board of Directors to acquire all the outstanding shares of Yahoo! common stock for per share consideration of US$31 representing a total equity value of approximately US$44.6 billion. Microsoft's proposal would allow the Yahoo! shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration payable to Yahoo! shareholders consisting of one-half cash and one-half Microsoft common stock. The offer represents a 62 percent premium above the closing price of Yahoo! common stock on Jan. 31, 2008.

"We have great respect for Yahoo!, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market," said Steve Ballmer, chief executive officer of Microsoft. "We believe our combination will deliver superior value to our respective shareholders and better choice and innovation to our customers and industry partners."

"Our lives, our businesses, and even our society have been progressively transformed by the Web, and Yahoo! has played a pioneering role by building compelling, high-scale services and infrastructure," said Ray Ozzie, chief software architect at Microsoft. "The combination of these two great teams would enable us to jointly deliver a broad range of new experiences to our customers that neither of us would have achieved on our own."

The online advertising market is growing at a very fast pace, from over US$40 billion in 2007 to nearly US$80 billion by 2010. The resulting benefits of scale along with the associated capital costs for advertising platform providers make this a time of industry consolidation and convergence. Today this market is increasingly dominated by one player. Together, Microsoft and Yahoo! can offer a competitive choice while better fulfilling the needs of customers and partners.

"The combined assets and strong services focus of these two companies will enable us to achieve scale economics while reaching R&D critical mass to deliver innovation breakthroughs," said Kevin Johnson, president of the Platforms & Services Division of Microsoft. "The industry will be well served by having more than one strong player, offering more value and real choice to advertisers, publishers and consumers."

The combination will create a more efficient company with synergies in four areas: scale economics driven by audience critical mass and increased value for advertisers; combined engineering talent to accelerate innovation; operational efficiencies through elimination of redundant cost; and the ability to innovate in emerging user experiences such as video and mobile. Microsoft believes these four areas will generate at least US$1 billion in annual synergy for the combined entity.

Microsoft has developed a plan and process that will include the employees of both companies to focus on the integration of the combined business. Microsoft intends to offer significant retention packages to Yahoo! engineers, key leaders and employees across all disciplines.

Microsoft believes this proposed combination would receive all necessary regulatory approvals and expects that the proposed transaction would be completed in the second half of calendar year 2008.

Microsoft is also committed to working closely with Yahoo! management and its Board of Directors as they, along with Yahoo! shareholders, evaluate this compelling proposal.

Below is the text of the letter that Microsoft sent to Yahoo!'s Board of Directors:

January 31, 2008 Board of Directors Yahoo! Inc. 701 First Avenue Sunnyvale, CA 94089 Attention: Roy Bostock, Chairman Attention: Jerry Yang, Chief Executive Officer

Dear Members of the Board:

I am writing on behalf of the Board of Directors of Microsoft to make a proposal for a business combination of Microsoft and Yahoo!. Under our proposal, Microsoft would acquire all of the outstanding shares of Yahoo! common stock for per share consideration of US$31 based on Microsoft's closing share price on January 31, 2008, payable in the form of US$31 in cash or 0.9509 of a share of Microsoft common stock. Microsoft would provide each Yahoo! shareholder with the ability to choose whether to receive the consideration in cash or Microsoft common stock, subject to pro-ration so that in the aggregate one-half of the Yahoo! common shares will be exchanged for shares of Microsoft common stock and one-half of the Yahoo! common shares will be converted into the right to receive cash. Our proposal is not subject to any financing condition.

Our proposal represents a 62% premium above the closing price of Yahoo! common stock of US$19.18 on January 31, 2008. The implied premium for the operating assets of the company clearly is considerably greater when adjusted for the minority, non-controlled assets and cash. By whatever financial measure you use - EBITDA, free cash flow, operating cash flow, net income, or analyst target prices - this proposal represents a compelling value realization event for your shareholders.

We believe that Microsoft common stock represents a very attractive investment opportunity for Yahoo!'s shareholders. Microsoft has generated revenue growth of 15%, earnings growth of 26%, and a return on equity of 35% on average for the last three years. Microsoft's share price has generated shareholder returns of 8% during the last one year period and 28% during the last three year period, significantly outperforming the S&P 500. It is our view that Microsoft has significant potential upside given the continued solid growth in our core businesses, the recent launch of Windows Vista, and other strategic initiatives.

Microsoft's consistent belief has been that the combination of Microsoft and Yahoo! clearly represents the best way to deliver maximum value to our respective shareholders, as well as create a more efficient and competitive company that would provide greater value and service to our customers. In late 2006 and early 2007, we jointly explored a broad range of ways in which our two companies might work together. These discussions were based on a vision that the online businesses of Microsoft and Yahoo! should be aligned in some way to create a more effective competitor in the online marketplace. We discussed a number of alternatives ranging from commercial partnerships to a merger proposal, which you rejected. While a commercial partnership may have made sense at one time, Microsoft believes that the only alternative now is the combination of Microsoft and Yahoo! that we are proposing.

In February 2007, I received a letter from your Chairman indicating the view of the Yahoo! Board that "now is not the right time from the perspective of our shareholders to enter into discussions regarding an acquisition transaction." According to that letter, the principal reason for this view was the Yahoo! Board's confidence in the "potential upside" if management successfully executed on a reformulated strategy based on certain operational initiatives, such as Project Panama, and a significant organizational realignment. A year has gone by, and the competitive situation has not improved.

While online advertising growth continues, there are significant benefits of scale in advertising platform economics, in capital costs for search index build-out, and in research and development, making this a time of industry consolidation and convergence. Today, the market is increasingly dominated by one player who is consolidating its dominance through acquisition. Together, Microsoft and Yahoo! can offer a credible alternative for consumers, advertisers, and publishers. Synergies of this combination fall into four areas:

-- Scale economics: This combination enables synergies related to scale economics of the advertising platform where today there is only one competitor at scale. This includes synergies across both search and non-search related advertising that will strengthen the value proposition to both advertisers and publishers. Additionally, the combination allows us to consolidate capital spending. -- Expanded R&D capacity: The combined talent of our engineering resources can be focused on R&D priorities such as a single search index and single advertising platform. Together we can unleash new levels of innovation, delivering enhanced user experiences, breakthroughs in search, and new advertising platform capabilities. Many of these breakthroughs are a function of an engineering scale that today neither of our companies has on its own. -- Operational efficiencies: Eliminating redundant infrastructure and duplicative operating costs will improve the financial performance of the combined entity. -- Emerging user experiences: Our combined ability to focus engineering resources that drive innovation in emerging scenarios such as video, mobile services, online commerce, social media, and social platforms is greatly enhanced.

We would value the opportunity to further discuss with you how to optimize the integration of our respective businesses to create a leading global technology company with exceptional display and search advertising capabilities. You should also be aware that we intend to offer significant retention packages to your engineers, key leaders and employees across all disciplines.

We have dedicated considerable time and resources to an analysis of a potential transaction and are confident that the combination will receive all necessary regulatory approvals. We look forward to discussing this with you, and both our internal legal team and outside counsel are available to meet with your counsel at their earliest convenience.

Our proposal is subject to the negotiation of a definitive merger agreement and our having the opportunity to conduct certain limited and confirmatory due diligence. In addition, because a portion of the aggregate merger consideration would consist of Microsoft common stock, we would provide Yahoo! the opportunity to conduct appropriate limited due diligence with respect to Microsoft. We are prepared to deliver a draft merger agreement to you and begin discussions immediately.

In light of the significance of this proposal to your shareholders and ours, as well as the potential for selective disclosures, our intention is to publicly release the text of this letter tomorrow morning.

Due to the importance of these discussions and the value represented by our proposal, we expect the Yahoo! Board to engage in a full review of our proposal. My leadership team and I would be happy to make ourselves available to meet with you and your Board at your earliest convenience. Depending on the nature of your response, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!'s shareholders are provided with the opportunity to realize the value inherent in our proposal.

We believe this proposal represents a unique opportunity to create significant value for Yahoo!'s shareholders and employees, and the combined company will be better positioned to provide an enhanced value proposition to users and advertisers. We hope that you and your Board share our enthusiasm, and we look forward to a prompt and favorable reply.

Sincerely yours, /s/ Steven A. Ballmer Steven A. Ballmer Chief Executive Officer Microsoft Corporation

Microsoft will host an analyst/investor conference call at 8:30 a.m. Eastern Time/5:30 a.m. Pacific Time to discuss today's announcement. If you want to participate, you may do so by dialing +1-866-610-1072 or +1-706-634-9230 (toll/international); the conference ID number is 33470390. Please dial in at least 20 minutes in advance of the call. Accompanying slides and the conference call Webcast will be available at http://www.microsoft.com/presspass. Playback of the conference call and the webcast will be available for replay through the close of business on Feb. 5, 2008. The replay can be accessed by dialing +1-800-642-1687 or +1-706-645-9291 (toll/international); the conference ID number is 33470390.

About Microsoft

Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed transaction, Microsoft Corp. plans to file with the SEC a registration statement on Form S-4 containing a proxy statement/prospectus and other documents regarding the proposed transaction. The definitive proxy statement/prospectus will be mailed to shareholders of Yahoo! Inc. INVESTORS AND SECURITY HOLDERS OF YAHOO! INC. ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

Investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus (when available) and other documents filed with the SEC by Microsoft Corp. through the Web site maintained by the SEC at http://www.sec.gov. Free copies of the registration statement and the proxy statement/prospectus (when available) and other documents filed with the SEC can also be obtained by directing a request to Investor Relations Department, Microsoft Corp., One Microsoft Way, Redmond, Wash. 98052-6399.

Microsoft Corp. and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Microsoft Corp.'s directors and executive officers is available in its Annual Report on Form 10-K for the year ended June 30, 2007, which was filed with the SEC on Aug. 8, 2007, and its proxy statement for its 2007 annual meeting of shareholders, which was filed with the SEC on Sept. 29, 2007. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.

Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as Microsoft Corp.'s ability to achieve the synergies and value creation contemplated by the proposed transaction, Microsoft Corp.'s ability to promptly and effectively integrate the businesses of Yahoo! Inc. and Microsoft Corp., the timing to consummate the proposed transaction and any necessary actions to obtain required regulatory approvals, and the diversion of management time on transaction-related issues. For further information regarding risks and uncertainties associated with Microsoft Corp.'s business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of Microsoft Corp.'s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Microsoft Corp.'s Investor Relations department at +1-800-285-7772 or at Microsoft Corp.'s Web site at http://www.microsoft.com/msft.

All information in this communication is as of Feb. 1, 2008. Microsoft Corp. undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

For more information, press only:

Rapid Response Team, Waggener Edstrom Worldwide, +1-503-443-7070, rrt@waggeneredstrom.com

Joele Frank, Wilkinson Brimmer Katcher: Joele Frank/Eric Brielmann/Jamie Moser, +1-212-355-4449

Financial analysts and investors only:

Colleen Healy, General Manager, Investor Relations, +1-425-706-3703

Note to editors: If you are interested in viewing additional information on Microsoft, please visit the Microsoft Web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages. Web links, telephone numbers and titles were correct at time of publication, but may since have changed. For additional assistance, journalists and analysts may contact Microsoft's Rapid Response Team or other appropriate contacts listed at http://www.microsoft.com/presspass/contactpr.mspx.

Web site: http://www.microsoft.com/presspass

Microsoft Corp.

Rapid Response Team, Waggener Edstrom Worldwide, +1-503-443-7070, rrt@waggeneredstrom.com; Joele Frank, or Eric Brielmann, or Jamie Moser, Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449; Financial analysts and investors only: Colleen Healy, General Manager, Investor Relations, +1-425-706-3703, all for Microsoft Corp

Vyyo Inc. to Hold Financial Results Conference Call on February 5, 2008 for Third Quarter Ended December 31, 2007

NORCROSS, Ga., Feb. 1 /PRNewswire-FirstCall/ -- Vyyo Inc. announced today that the company will hold its financial results conference call for the third quarter ended December 31, 2007 on Monday, February 5, 2008 at 9:00 a.m. Eastern Time. Vyyo's management will deliver prepared remarks and conduct a question and answer session. The earnings results news release for the third quarter ended December 31, 2007 will be issued on Monday, February 4, 2008 at 4:05 p.m. Eastern Time.

Vyyo announced on November 19, 2007 that the company's Board of Directors had approved a change in the fiscal year-end to March 31.

The conference call can be accessed from the Events section of the Investor Relations section of Vyyo's website at http://www.vyyo.com/. If you do not have Internet access, the telephone dial-in number is 303-262-2211. Please dial in five to ten minutes prior to the beginning of the call. A telephone replay will be available through Wednesday, February 13 by dialing 303-590-3000 and entering access code 11108107#.

About Vyyo Inc.

Vyyo Inc. 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 UltraBand(TM) spectrum overlay technology expands typical HFC (hybrid-fiber coax) network capacity in the "last mile," cost-effectively offering the only 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/.

Vyyo Inc.

CONTACT: Public Relations, Paul Schneider of Paul Schneider Public
Relations, Inc., work, +1-215-702-9784, mobile, +1-215-817-4384, pspr@att.net,
for Vyyo Inc.; or Investor Relations, Walt Ungerer, EVP of Vyyo Inc.,
+1-678-282-8000, ir@vyyo.com

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

BEA to Report Fourth Quarter and Fiscal Year Results on February 28, 2008

SAN JOSE, Calif., Feb. 1 /PRNewswire-FirstCall/ -- BEA Systems, Inc. , a world leader in enterprise infrastructure software, today announced that it will report its financial results for the fourth quarter and fiscal year at 2 p.m. PST on Thursday, February 28, 2008. Investors will have the opportunity to listen to BEA's financial results conference call over the Internet on the investor information page of the BEA web site at http:/www.bea.com. The Internet broadcast will be available live, and a replay will be available following the completion of the live call for 360 days thereafter. In addition, investors will have the opportunity to access a telephone replay of the call through March 28, 2008 by dialing (719) 457-0820, access code 7665438.

About BEA Systems, Inc.

BEA Systems, Inc. is a world leader in enterprise infrastructure software. Information about how BEA helps customers build a Liquid Enterprise(TM) that transforms their business can be found at bea.com.

Copyright 1995-2007, BEA Systems, Inc. All rights reserved. BEA, BEA AquaLogic, BEA eLink, BEA WebLogic, BEA WebLogic Portal, BEA WebLogic Server, Connectera, Compoze Software, Jolt, JoltBeans, JRockit, SteelThread, Think Liquid, Top End, Tuxedo, and WebLogic are registered trademarks of BEA Systems, Inc. BEA Blended Application Development, BEA Blended Development Model, BEA Blended Strategy, BEA Builder, BEA Guardian, BEA Manager, BEA MessageQ, BEA microService Architecture, BEA SOA 360, BEA Workshop, BEA WorkSpace 360, Signature Editor, Signature Engine, Signature Patterns, Support Patterns, Arch2Arch, Arch2Arch Advisor, Dev2Dev, Dev2Dev Dispatch, Exec2Exec, Exec2Exec Voice, IT2IT, IT2IT Insight, Business LiquidITy, and Liquid Thinker are trademarks of BEA Systems, Inc. BEA Mission Critical Support, BEA Mission Critical Support Continuum, BEA SOA Self Assessment, and Fluid Framework are service marks of BEA Systems, Inc. All other company and product names may be the subject of intellectual property rights reserved by third parties. All other trademarks are the property of their respective companies.

For More Information:

http://www.bea.com/investors

BEA Systems, Inc.

CONTACT: Investors, Kevin Faulkner, +1-408-570-8293,
kevin.faulkner@bea.com, or Media and Industry Analysts, Kevin Hayden,
+1-408-570-8017, kevin.hayden@bea.com, both of BEA Systems, Inc.

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

Siemens Receives CCHIT Certification for INVISION Clinicals With Siemens Pharmacy and Med Administration CheckSystem Fulfills 100 Percent of Inpatient Certification Criteria

MALVERN, Pa., Feb. 1 /PRNewswire-FirstCall/ -- Siemens Medical Solutions USA, Inc. (http://www.usa.siemens.com/healthcareit) today announced that INVISION(R) Clinicals V27.0 with Siemens Pharmacy V24.0 and Med Administration Check(TM) V24.0 has achieved full CCHIT Certified(R) status from the Certification Commission for Healthcare Information Technology (CCHIT(R)) and meets CCHIT's inpatient electronic health record (EHR) criteria for 2007. Inpatient EHRs are designed for use in acute care hospitals.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )

Siemens received pre-market, conditionally certified status from CCHIT last week for INVISION Clinicals V27.0 with Siemens Pharmacy V24.0 and Med Administration Check(TM) V24.0 and received confirmation from CCHIT this week on the product's now full CCHIT Certified status, as its operational use in a hospital site has been verified. CCHIT -- an independent, nonprofit organization -- is the Recognized Certification Body in the United States for certifying health information technology products.

In addition to meeting foundation standards such as security, certified inpatient products are examined for clinician order entry (often called CPOE) and medication administration capabilities (often called eMAR), including related clinical decision support. As a CCHIT Certified product, INVISION Clinicals V27.0 with Siemens Pharmacy V24.0 and Med Administration Check V24.0 has been tested and passed inspection of 100 percent of a set of criteria for CPOE and eMAR. Siemens also received full CCHIT Certified status for Soarian(R) Clinicals V2.0C5 with Siemens Pharmacy and Med Administration Check(TM) V24.0 on December 19, 2007.

"We are proud to be the first inpatient vendor to have two CCHIT Certified products and feel that this achievement helps to demonstrate our decades of experience in the healthcare IT industry," stated Janet Dillione, chief executive officer, Health Services, Siemens Medical Solutions. "Our Soarian and INVISION solutions help many of our customers achieve positive outcomes related to patient safety and operational efficiency on a daily basis. We look forward to continuing to help our customers in delivering the highest quality of healthcare to their patients through the help of innovative healthcare IT solutions."

Siemens announced the general availability of INVISION V27.0 in December 2007 which allowed INVISION customers to take advantage of many platform, database and application upgrades that would further assist these healthcare organizations in streamlining the sharing of crucial information across clinical, financial, and administrative functions throughout the enterprise. The newest version was also updated to better support patient safety initiatives by offering enhanced allergy information designed to improve clinical checking.

The CCHIT Certified mark -- a "seal of approval" for EHR products -- provides the first consensus-based, government-recognized benchmark for inpatient EHR products. By looking to products with the CCHIT Certified seal,

acute care providers can reduce their risk in selecting EHR products for CPOE and eMAR.

CCHIT's certification compliance criteria and its design for a certification inspection process have been thoroughly researched, taking into account the state of the art of EHRs and available standards, and comparing certification processes in other industries and other countries.

About Siemens Healthcare

Siemens Healthcare is one of the world's largest suppliers to the healthcare industry. The company is a renowned medical solutions provider with core competence and innovative strength in diagnostic and therapeutic technologies as well as in knowledge engineering, including information technology and system integration. With its laboratory diagnostics acquisitions, Siemens Healthcare will be the first fully integrated diagnostics company, bringing together imaging and lab diagnostics, therapy, and healthcare information technology solutions, supplemented by consulting and support services. Siemens Healthcare delivers solutions across the entire continuum of care -- from prevention and early detection, to diagnosis, therapy and care. The company employs more than 49,000 people worldwide and operates in 130 countries. In the fiscal year 2007 (Sept. 30), Siemens Healthcare reported sales of euro 9.85, orders of euro 10.27 billion, and group profit of euro 1.32 billion. Further information can be found by visiting http://www.siemens.com/healthcare.

About CCHIT

The Certification Commission for Healthcare Information Technology (CCHIT(R)) is an independent, nonprofit organization that has been named by the federal government as the Recognized Certification Body for health information technology. Its mission is to accelerate the adoption of health information technology by creating a credible, sustainable certification program. The certification requirements are based on widely accepted industry standards and involve the work of hundreds of expert volunteers and input from a variety of stakeholders throughout the health care industry. More information on CCHIT and CCHIT Certified(R) products is available at http://www.cchit.org/.

"CCHIT(R)" and "CCHIT Certified(R)" are marks of the Certification Commission for Healthcare Information Technology.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Siemens Medical Solutions USA, Inc.

CONTACT: Michele Bowman of Siemens Medical Solutions USA, Inc.,
+1-610-448-3236 or michele.bowman@siemens.com

Web site: http://www.siemens.com/healthcare
http://www.usa.siemens.com/healthcareit
http://www.cchit.org/

Global Payments Announces Second Quarter Dividend

ATLANTA, Feb. 1 /PRNewswire-FirstCall/ -- Global Payments Inc. , a leader in electronic transaction payment processing, announced today that its board of directors approved a second quarter dividend of $0.02 per common share payable February 29, 2008 to shareholders of record as of February 15, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO )

Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies, multi- national corporations and gaming establishments located throughout the United States, Canada, Latin America, Europe and the Asia Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, check verification and recovery, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit http://www.globalpaymentsinc.com/.

Contact: Jane M. Elliott 770-829-8234 Voice 770-829-8267 Fax investor.relations@globalpay.com

Photo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Global Payments Inc.

CONTACT: Jane M. Elliott, +1-770-829-8234, +1-770-829-8267 Fax,
investor.relations@globalpay.com

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

SureWest Declares Quarterly Cash Dividend

ROSEVILLE, Calif., Feb. 1 /PRNewswire-FirstCall/ -- Leading independent telecommunications holding company SureWest Communications announced that its board of directors declared a regular, quarterly cash dividend of $0.25 per share, payable March 15, 2008, to shareholders of record at the close of business on February 29, 2008. SureWest has approximately 11,000 shareowners holding approximately 14.5 million total shares outstanding.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO) Amount Payable Date Record Date Regular Cash $0.25 03-15-2008 02-29-08 About SureWest

Serving the Northern California region for more than 90 years, SureWest Communications (http://www.surewest.com/) is one of the nation's leading integrated communications providers, and is the bandwidth leader in the markets it serves. SureWest's bundled offerings include an array of advanced IP-based digital video, high-speed Internet, local and long distance telephone, and wireless PCS. SureWest's fiber-to-the-premise IP-based network features high-definition video and symmetrical Internet speeds of up to 50 Mbps. Its copper platform provides IP-based digital video, digital voice and DSL broadband and is in the process of being upgraded to fiber in select areas to increase the number of revenue generating units available in those markets.

Safe Harbor Statement

Statements made in this news release that are not historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements may be identified by the use of words such as may, will, should, expect, plan, anticipate, or project or the negative of those words or other comparable words. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the company's actual results to differ from those projected in such forward-looking statements.

Important factors that could cause actual results to differ from those set forth in the forward-looking statements include, but are not limited to, advances in telecommunications technology, changes in the telecommunications regulatory environment, changes in the financial stability of other telecommunications providers who are customers of the company, changes in competition in markets in which the company operates, adverse circumstances affecting the economy in California, Kansas and Missouri in general, and in the Sacramento, California Metropolitan and greater Kansas City Metropolitan areas in particular, the availability of future financing, changes in the demand for services and products, new product and service development and introductions, and pending and future litigation.

Contact: Reid Cox 916-786-1799 r.cox@surewest.com

Photo: http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com SureWest Communications

CONTACT: Reid Cox of SureWest Communications, +1-916-786-1799,
r.cox@surewest.com

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

Raytheon Technology to Boost Morale on U.S. Navy Ships by Broadcasting Super Bowl XLIIGlobal Broadcasting Service to bring the excitement of football to deployed troops in the Pacific

RESTON, Va., Feb. 1, 2008 /PRNewswire/ -- U.S. sailors and Marines aboard ships in the Pacific will be able to experience the thrill of the National Football League's Super Bowl this Sunday while at sea. Troops deployed will feel like they're right at home on game day, thanks to the latest technology developed, maintained and operated by Raytheon Company .

For more than 10 years, the Raytheon-developed Global Broadcasting Service (GBS) military satellite communications system has provided high-speed, multimedia broadcasts of mission critical information to military and government decision makers. But this weekend, in coordination with the Navy and the American Forces Radio and Television Service, GBS will broadcast Super Bowl XLII to military service men and women stationed away from home who would otherwise not be able to enjoy this celebrated American event.

"We are thrilled that our technology has enabled us to bring our deployed men and women a little closer to home through this broadcast," said Alan Goldey, Raytheon GBS program manager. "Raytheon has developed and sustained the GBS program into what the Air Force has declared to be one of its best managed military satellite communications programs."

Based in Garland, Texas, Raytheon IIS is a leading provider of information and intelligence solutions to the government. Raytheon IIS has annual revenues of approximately $2.7 billion and employs more than 9,000 engineering and technical professionals worldwide.

Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 85 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.

Contact: Quentin Hunstad 703.849.1588 quentin_r_hunstad@raytheon.com

Raytheon Company

CONTACT: Quentin Hunstad of Raytheon Company, +1-703-849-1588,
quentin_r_hunstad@raytheon.com

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

XATA Corporation Completes Acquisition of GeoLogic Solutions, Inc.

MINNEAPOLIS, Feb. 1 /PRNewswire-FirstCall/ -- XATA Corporation today announced that it has completed its acquisition of GeoLogic Solutions, Inc. ("GeoLogic"). Based in Herndon, VA, GeoLogic provides the commercial trucking industry with wireless asset management solutions that reduce operational costs while increasing overall efficiency. Its mobile communications and tracking system, MobileMax(TM), is installed on hundreds of fleets, representing more than 35,000 trucks across North America. GeoLogic is also a Mobile Virtual Network Operator and provides third-party wireless data services through its CrossBridge Solutions platform.

"The acquisition of GeoLogic opens the door to new software subscribers in the for-hire segment of the trucking industry," said Jay Coughlan, XATA chairman and CEO. "Combined with our expertise in the private fleet segment, this acquisition will provide a platform for significant growth within the over-the-road transportation sector. The combination of our two companies will broaden XATA's footprint in the market and further leverage GeoLogic's technology and professional staff."

The combined companies reported $55.6 million of revenue for the trailing 12-month period ending December 31, 2007. After the acquisition, XATA has approximately 57,000 monthly subscribers using its technology.

About XATA

Based in Minneapolis, Minnesota, XATA Corporation is an expert in optimizing fleet operations by reducing costs and ensuring regulatory compliance for the trucking industry. With the introduction of XATANET in 2004, our customers now have access to vehicle data anywhere, anytime, through a fee-based subscription service. Our software and professional services help companies manage fleet operations, enhance driver safety and deliver a higher level of customer satisfaction. XATA provides expert services to develop the business processes required to deliver the profitability, safety and service level demanded by today's competitive transportation environments. XATA was the first company to introduce electronic driver logs and exception-based management reporting. For more information, visit http://www.xata.com/ or call 1-800-745-9282.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements cover, among other things, the future prospects of XATA Corporation. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated, including the following: (1) costs or difficulties relating to the integration of the XATA and GeoLogic businesses may be greater than expected and may adversely affect our results of operations and financial condition; (2) the expected benefits of the transaction may take longer than anticipated to achieve and may not be achieved in their entirety or at all; (3) the possibility of continuing operating losses; (4) our ability to adapt to rapid technological change; (5) our dependence on positioning systems and communication networks owned and controlled by others; (6) the receipt and fulfillment of new orders for current products; (7) the timely introduction and market acceptance of new products; (8) the ability to fund future research and development activities; (9) the ability to establish and maintain strategic partner relationships, and (10) other factors identified under "Risk Factors" in Part I, Item 1A of our Annual Report on Form 10-K for the year ended September 30, 2007, and updated in our subsequent reports filed with the SEC. These reports are available at our Web site at http://www.xata.com/ and at the SEC Web site at http://www.sec.gov/. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.

XATA Corporation

CONTACT: Mark Ties, CFO of XATA Corporation, +1-952-707-5600,
mark.ties@xata.com

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

Microsoft Proposes Acquisition of Yahoo! for $31 per ShareTransaction valued at approximately $44.6 billion in cash and stock;Provides 62 percent premium to current trading price for Yahoo! shareholders;Combined entity to create a more competitive company while providing superior value to shareholders and better choice and innovation for customers and partners

REDMOND, Wash., Feb. 1 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced that it has made a proposal to the Yahoo! Inc. Board of Directors to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion. Microsoft's proposal would allow the Yahoo! shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration payable to Yahoo! shareholders consisting of one-half cash and one-half Microsoft common stock. The offer represents a 62 percent premium above the closing price of Yahoo! common stock on Jan. 31, 2008.

"We have great respect for Yahoo!, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market," said Steve Ballmer, chief executive officer of Microsoft. "We believe our combination will deliver superior value to our respective shareholders and better choice and innovation to our customers and industry partners."

"Our lives, our businesses, and even our society have been progressively transformed by the Web, and Yahoo! has played a pioneering role by building compelling, high-scale services and infrastructure," said Ray Ozzie, chief software architect at Microsoft. "The combination of these two great teams would enable us to jointly deliver a broad range of new experiences to our customers that neither of us would have achieved on our own."

The online advertising market is growing at a very fast pace, from over $40 billion in 2007 to nearly $80 billion by 2010. The resulting benefits of scale along with the associated capital costs for advertising platform providers make this a time of industry consolidation and convergence. Today this market is increasingly dominated by one player. Together, Microsoft and Yahoo! can offer a competitive choice while better fulfilling the needs of customers and partners.

"The combined assets and strong services focus of these two companies will enable us to achieve scale economics while reaching R&D critical mass to deliver innovation breakthroughs," said Kevin Johnson, president of the Platforms & Services Division of Microsoft. "The industry will be well served by having more than one strong player, offering more value and real choice to advertisers, publishers and consumers."

The combination will create a more efficient company with synergies in four areas: scale economics driven by audience critical mass and increased value for advertisers; combined engineering talent to accelerate innovation; operational efficiencies through elimination of redundant cost; and the ability to innovate in emerging user experiences such as video and mobile. Microsoft believes these four areas will generate at least $1 billion in annual synergy for the combined entity.

Microsoft has developed a plan and process that will include the employees of both companies to focus on the integration of the combined business. Microsoft intends to offer significant retention packages to Yahoo! engineers, key leaders and employees across all disciplines.

Microsoft believes this proposed combination would receive all necessary regulatory approvals and expects that the proposed transaction would be completed in the second half of calendar year 2008.

Microsoft is also committed to working closely with Yahoo! management and its Board of Directors as they, along with Yahoo! shareholders, evaluate this compelling proposal.

Below is the text of the letter that Microsoft sent to Yahoo!'s Board of Directors:

January 31, 2008 Board of Directors Yahoo! Inc. 701 First Avenue Sunnyvale, CA 94089 Attention: Roy Bostock, Chairman Attention: Jerry Yang, Chief Executive Officer Dear Members of the Board:

I am writing on behalf of the Board of Directors of Microsoft to make a proposal for a business combination of Microsoft and Yahoo!. Under our proposal, Microsoft would acquire all of the outstanding shares of Yahoo! common stock for per share consideration of $31 based on Microsoft's closing share price on January 31, 2008, payable in the form of $31 in cash or 0.9509 of a share of Microsoft common stock. Microsoft would provide each Yahoo! shareholder with the ability to choose whether to receive the consideration in cash or Microsoft common stock, subject to pro-ration so that in the aggregate one-half of the Yahoo! common shares will be exchanged for shares of Microsoft common stock and one-half of the Yahoo! common shares will be converted into the right to receive cash. Our proposal is not subject to any financing condition.

Our proposal represents a 62% premium above the closing price of Yahoo! common stock of $19.18 on January 31, 2008. The implied premium for the operating assets of the company clearly is considerably greater when adjusted for the minority, non-controlled assets and cash. By whatever financial measure you use - EBITDA, free cash flow, operating cash flow, net income, or analyst target prices - this proposal represents a compelling value realization event for your shareholders.

We believe that Microsoft common stock represents a very attractive investment opportunity for Yahoo!'s shareholders. Microsoft has generated revenue growth of 15%, earnings growth of 26%, and a return on equity of 35% on average for the last three years. Microsoft's share price has generated shareholder returns of 8% during the last one year period and 28% during the last three year period, significantly outperforming the S&P 500. It is our view that Microsoft has significant potential upside given the continued solid growth in our core businesses, the recent launch of Windows Vista, and other strategic initiatives.

Microsoft's consistent belief has been that the combination of Microsoft and Yahoo! clearly represents the best way to deliver maximum value to our respective shareholders, as well as create a more efficient and competitive company that would provide greater value and service to our customers. In late 2006 and early 2007, we jointly explored a broad range of ways in which our two companies might work together. These discussions were based on a vision that the online businesses of Microsoft and Yahoo! should be aligned in some way to create a more effective competitor in the online marketplace. We discussed a number of alternatives ranging from commercial partnerships to a merger proposal, which you rejected. While a commercial partnership may have made sense at one time, Microsoft believes that the only alternative now is the combination of Microsoft and Yahoo! that we are proposing.

In February 2007, I received a letter from your Chairman indicating the view of the Yahoo! Board that "now is not the right time from the perspective of our shareholders to enter into discussions regarding an acquisition transaction." According to that letter, the principal reason for this view was the Yahoo! Board's confidence in the "potential upside" if management successfully executed on a reformulated strategy based on certain operational initiatives, such as Project Panama, and a significant organizational realignment. A year has gone by, and the competitive situation has not improved.

While online advertising growth continues, there are significant benefits of scale in advertising platform economics, in capital costs for search index build-out, and in research and development, making this a time of industry consolidation and convergence. Today, the market is increasingly dominated by one player who is consolidating its dominance through acquisition. Together, Microsoft and Yahoo! can offer a credible alternative for consumers, advertisers, and publishers. Synergies of this combination fall into four areas:

-- Scale economics: This combination enables synergies related to scale economics of the advertising platform where today there is only one competitor at scale. This includes synergies across both search and non-search related advertising that will strengthen the value proposition to both advertisers and publishers. Additionally, the combination allows us to consolidate capital spending. -- Expanded R&D capacity: The combined talent of our engineering resources can be focused on R&D priorities such as a single search index and single advertising platform. Together we can unleash new levels of innovation, delivering enhanced user experiences, breakthroughs in search, and new advertising platform capabilities. Many of these breakthroughs are a function of an engineering scale that today neither of our companies has on its own. -- Operational efficiencies: Eliminating redundant infrastructure and duplicative operating costs will improve the financial performance of the combined entity. -- Emerging user experiences: Our combined ability to focus engineering resources that drive innovation in emerging scenarios such as video, mobile services, online commerce, social media, and social platforms is greatly enhanced.

We would value the opportunity to further discuss with you how to optimize the integration of our respective businesses to create a leading global technology company with exceptional display and search advertising capabilities. You should also be aware that we intend to offer significant retention packages to your engineers, key leaders and employees across all disciplines.

We have dedicated considerable time and resources to an analysis of a potential transaction and are confident that the combination will receive all necessary regulatory approvals. We look forward to discussing this with you, and both our internal legal team and outside counsel are available to meet with your counsel at their earliest convenience.

Our proposal is subject to the negotiation of a definitive merger agreement and our having the opportunity to conduct certain limited and confirmatory due diligence. In addition, because a portion of the aggregate merger consideration would consist of Microsoft common stock, we would provide Yahoo! the opportunity to conduct appropriate limited due diligence with respect to Microsoft. We are prepared to deliver a draft merger agreement to you and begin discussions immediately.

In light of the significance of this proposal to your shareholders and ours, as well as the potential for selective disclosures, our intention is to publicly release the text of this letter tomorrow morning.

Due to the importance of these discussions and the value represented by our proposal, we expect the Yahoo! Board to engage in a full review of our proposal. My leadership team and I would be happy to make ourselves available to meet with you and your Board at your earliest convenience. Depending on the nature of your response, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!'s shareholders are provided with the opportunity to realize the value inherent in our proposal.

We believe this proposal represents a unique opportunity to create significant value for Yahoo!'s shareholders and employees, and the combined company will be better positioned to provide an enhanced value proposition to users and advertisers. We hope that you and your Board share our enthusiasm, and we look forward to a prompt and favorable reply.

Sincerely yours, /s/ Steven A. Ballmer Steven A. Ballmer Chief Executive Officer Microsoft Corporation

Microsoft will host an analyst/investor conference call at 8:30 a.m. Eastern Time/5:30 a.m. Pacific Time to discuss today's announcement. If you want to participate, you may do so by dialing (866) 610-1072 or (706) 634-9230 (toll/international); the conference ID number is 33470390. Please dial in at least 20 minutes in advance of the call. Accompanying slides and the conference call Webcast will be available at http://www.microsoft.com/presspass. Playback of the conference call and the webcast will be available for replay through the close of business on Feb. 5, 2008. The replay can be accessed by dialing (800) 642-1687 or (706) 645-9291 (toll/international); the conference ID number is 33470390.

About Microsoft

Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed transaction, Microsoft Corp. plans to file with the SEC a registration statement on Form S-4 containing a proxy statement/prospectus and other documents regarding the proposed transaction. The definitive proxy statement/prospectus will be mailed to shareholders of Yahoo! Inc. INVESTORS AND SECURITY HOLDERS OF YAHOO! INC. ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

Investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus (when available) and other documents filed with the SEC by Microsoft Corp. through the Web site maintained by the SEC at http://www.sec.gov/. Free copies of the registration statement and the proxy statement/prospectus (when available) and other documents filed with the SEC can also be obtained by directing a request to Investor Relations Department, Microsoft Corp., One Microsoft Way, Redmond, Wash. 98052-6399.

Microsoft Corp. and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Microsoft Corp.'s directors and executive officers is available in its Annual Report on Form 10-K for the year ended June 30, 2007, which was filed with the SEC on Aug. 8, 2007, and its proxy statement for its 2007 annual meeting of shareholders, which was filed with the SEC on Sept. 29, 2007. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.

Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as Microsoft Corp.'s ability to achieve the synergies and value creation contemplated by the proposed transaction, Microsoft Corp.'s ability to promptly and effectively integrate the businesses of Yahoo! Inc. and Microsoft Corp., the timing to consummate the proposed transaction and any necessary actions to obtain required regulatory approvals, and the diversion of management time on transaction-related issues. For further information regarding risks and uncertainties associated with Microsoft Corp.'s business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of Microsoft Corp.'s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Microsoft Corp.'s Investor Relations department at (800) 285-7772 or at Microsoft Corp.'s Web site at http://www.microsoft.com/msft.

All information in this communication is as of Feb. 1, 2008. Microsoft Corp. undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

For more information, press only:

Rapid Response Team, Waggener Edstrom Worldwide, (503) 443-7070, rrt@waggeneredstrom.com

Joele Frank, Wilkinson Brimmer Katcher: Joele Frank/Eric Brielmann/Jamie Moser, (212) 355-4449

Financial analysts and investors only: Colleen Healy, General Manager, Investor Relations, (425) 706-3703

Note to editors: If you are interested in viewing additional information on Microsoft, please visit the Microsoft Web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages. Web links, telephone numbers and titles were correct at time of publication, but may since have changed. For additional assistance, journalists and analysts may contact Microsoft's Rapid Response Team or other appropriate contacts listed at http://www.microsoft.com/presspass/contactpr.mspx.

Microsoft Corp.

CONTACT: Rapid Response Team, Waggener Edstrom Worldwide,
+1-503-443-7070, rrt@waggeneredstrom.com; Joele Frank, or Eric Brielmann, or
Jamie Moser, Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449;
Financial analysts and investors only: Colleen Healy, General Manager,
Investor Relations, +1-425-706-3703, all for Microsoft Corp

Web site: http://www.microsoft.com/presspass

CSC Adds World's First Kiowa Warrior Attack Helicopter Simulators to FleetOH-58D Simulators are Latest in Expanding Suite of High Fidelity Training Devices for U.S. Army's Flight School XXI

EL SEGUNDO, Calif., Feb. 1 /PRNewswire/ -- Computer Sciences Corporation and its U.S. Army Flight School XXI (FSXXI) team members announced today the addition and integration of the world's first and only OH-58D Kiowa Warrior helicopter operational flight training simulators to its growing suite of high fidelity training devices in Warrior Hall, located near Fort Rucker, Ala. The FSXXI contract is administered by the Program Executive Office for Simulation, Training and Instrumentation (PEO-STRI) in Orlando, Fla. With the OH-58D simulator built, Army aviators have already begun training in the new devices.

"Enhancing our warfighters' readiness is of utmost importance to the Flight School XXI team," said Austin Yerks, president of CSC's North American Public Sector Defense Division. "Throughout each phase of design, development and testing, the focus of the team remained the same: to provide the best possible training experience for future combat aviators in the actual aircraft they will operate. Through the dedication and hard work of all of the team members, the Kiowa simulators are online to prepare our men and women for an uncertain and changing battlefield."

Modeled after the premier scout/attack helicopter in the world, the OH-58D Kiowa Warrior operational flight trainer helps the Army send better trained and adept pilots into the field by providing them with an advanced technology platform capable of enhancing the overall training effectiveness of all aspects of the mission.

About CSC

Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.

With approximately 92,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. CSC reported revenue of $15.5 billion for the 12 months ended Sept. 28, 2007. For more information, visit the company's Web site at http://www.csc.com/.

Computer Sciences Corporation

CONTACT: Caroline Longanecker, Sr. Manager, Communications & Marketing,
North American Public Sector, +1-703-641-3260, clonganecker@csc.com, or Mike
Dickerson, Director, Media Relations, Corporate, +1-310-615-1647,
mdickers@csc.com, or Bill Lackey, Director, Investor Relations, Corporate,
+1-310-615-1700, blackey3@csc.com, all of Computer Sciences Corporation

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

SmartCard Marketing Systems Inc. (Velocitymoney.com) to Lead Internet Based Pin Debit Consumer Services Worldwide Empowering Consumers Unlike any Other Bank or E-wallet Service Available Today

SAN ANTONIO, Feb. 1 /PRNewswire-FirstCall/ -- As Stated by SmartCard Marketing Systems Inc. (Pink Sheets: SMKG) (QYH: Frankfurt) CEO Massimo Barone, "This is an exciting time for Velocitymoney(TM) as we become the very first to lead the Internet in the Pin Debit over the Internet market empowering consumers to load funds from their home with their bank issued debit card and then to transfer funds with an easy click to Internet merchants, family, friends, load prepaid cards or to pay bills.

This unrealized market is worth Billions of dollars and potentially more as it will change the way transactions are processed over the Internet creating a card present transaction eliminating fraud and uncertainty between transacting parties. Our goal is to capture a stronghold in the marketplace and reach out to online merchants worldwide and to provide this solution creating the largest pool of consumer users in the online payment segment.

Furthermore we believe that Velocitymoney.com will be a powerful tool for the traveling or home based salesforce as an alternative option for cash or cheques. Businesses will be able to offer the device to their field sales team with the use of Internet access from a laptop to perform the Pin Debit transaction."

We seek safe harbor.

SmartCard Marketing Systems Inc

CONTACT: Max Barone of Smart Card Marketing Systems Inc.,
+1-866-774-2555, maxbarone@gosmartcard.com

Web site: http://www.gosmartcard.com/
http://www.velocitymoney.com/

docdata Acquires a Majority Share in UK e-Commerce Company

WAALWIJK, The Netherlands, February 1 /PRNewswire/ -- The Internet Service Company docdata acquired 61.2% in the issued share capital of Hitura Ltd. in London, England, for a consideration of UKP 245 thousand. The remaining shares will be bought between 2008 and 2013. The balance sheet and income statement of Hitura Ltd. will be included in the consolidation of docdata with effect from 1st February 2008.

Hitura Ltd. offers e-Concept & Consultancy, e-Shop Design & Development, Managed Hosting and e-Marketing services to the UK market.

Michiel Alting von Geusau, CEO of docdata: "Acquiring Hitura Ltd. enables docdata to launch its full e-commerce solutions also in the UK and seize the many opportunities that exist. Together with our Media, Fulfilment and Payments companies, we now have a compelling range of services for clients that want to be successful on the Internet."

Hitura Ltd. realised a revenue of about EUR 0.6 million in 2007 with a small profit. The docdata management expects this acquisition to contribute to docdata's consolidated result from the start of the consolidation per 1st February 2008.

DOCDATA N.V. is listed at the NYSE Euronext since 1997 and exists of two different organisations, docdata and Industrial Automation Integrators.

The Internet Service Company docdata (http://www.docdata.com) is an European market leader with a strong basis in The Netherlands, Germany and the United Kingdom, and exists of four divisions:

- docdata commerce

- docdata payments

- docdata fulfilment

- docdata media

Industrial Automation Integrators (http://www.iai.nl) is a high tech engineering company specialised in developing and building machines for very accurate and high speed processing of all kinds of products and materials. IAI delivers clients globally in the following sectors:

- securing and personalising of security documents

- processing of packaging materials

- processing of solar cells

- processing of other materials (such as motion picture subtitling)

docdata N.V.

Further information: DOCDATA N.V., M.F.P.M. Alting von Geusau, CEO, Tel. +31-416-631-100

Make It Work(R) Launches Award-Winning Residential Tech Service to Palm Springs Area; Partners with Verizon to Maximize Potential of Verizon Services

SANTA BARBARA, Calif., Feb. 1 /PRNewswire/ -- Verizon has partnered with Make It Work Inc., the Neighborhood Computer Support company(TM), to offer MIW's award-winning at-home technology services to their customers in the Palm Springs area.

Make It Work offers same-to-next-day appointments and supports all home technology including PCs and Macs, home networks, printers, iPods(R), home theaters, and nearly everything else that beeps, clicks, or hums in your home.

"When our customers in the Coachella Valley ask for help connecting Verizon services to other technology in ways that go beyond a standard installation, we are now able to refer them to Make It Work," said Kathy Koelle, general manager for Verizon's West Coast Region. "The relationship between Verizon and Make It Work allows us to offer full-service home-technology solutions to our customers."

"I'm excited and equally proud to be launching our services in the Palm Springs area," said Eric David Greenspan, chief executive officer of Make It Work. "Being raised in Palm Springs, and with most of my family still residing there, I have a special connection to the Desert."

Make It Work's team of charismatic and professional Neighborhood Technology Consultants and their fleet of red and white Mini Coopers provide at-home technology services throughout Southern California, including Santa Barbara, Ventura, Los Angeles, Orange, San Bernardino, Riverside and San Diego counties.

Make It Work has been recognized for their extraordinary level of customer service and was named 'Software Services Company of the Year' by the Southern California Technology Council, 'Best of' in the Santa Barbara Independent Readers poll, and 'One of the fastest growing private companies in America' by Inc. Magazine in their 2007 Inc. 5000 list.

About Verizon

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 nearly 66 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 employs a diverse workforce of nearly 235,000 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.

About Make It Work

Make It Work, Inc., the Neighborhood Computer Support company, has a laser-like focus on two objectives. First, make sure that their customers' home technology works the way they want it to. And second, leave customers feeling absolutely delighted with the experience. Make It Work can help with PCs and Macs, home networks, printers, iPods(R), home theaters, and nearly everything else that beeps, clicks, or hums in your home. Make It Work's team of professional Neighborhood Technology Consultants and their fleet of red and white Mini Coopers now provide at-home technology services throughout Southern California, including Santa Barbara, Ventura, Los Angeles, Orange, San Bernardino, Riverside, and San Diego counties. For more information, visit http://www.makeitwork.com/.

Make It Work, Inc.

CONTACT: Eric David Greenspan of Make It Work, Inc., 1-877-625-3489,
eric.greenspan@makeitwork.com

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

GFI Group Inc. Acquires Trayport Ltd., a Leading Provider of Real-Time Electronic Trading Software for European OTC Energy and Other Markets; Completes Private Placement of Senior Notes and Amends Credit Agreement

NEW YORK, February 1 /PRNewswire/ --

- Acquisition Complements GFI's Hybrid Brokerage Model by Accelerating Electronic Trading Capability

GFI Group Inc. (Nasdaq: GFIG) announced today that it has acquired Trayport, a leading provider of real-time electronic trading software for brokers, exchanges and traders in the commodities, fixed income, currencies and equities markets. Trayport's software is installed on more than 10,000 trading screens worldwide, dealing in over 2,000 different trading instruments and supporting over 50 marketplaces across 15 countries. Trayport, a privately-held company founded in London in 1993, had estimated revenues of 14 million pounds (approximately US$28 million) for their fiscal year ending January 31, 2008.

Through its highly regarded GlobalVision(TM) products, Trayport has established a leading position in supplying software to the European OTC energy markets including electric power, natural gas, coal, emissions and freight. Trayport's flexible and robust GlobalVision(TM) platforms can accommodate electronic trading, information sharing and straight-through-processing capabilities in all commodity and financial instruments, and is particularly widespread in energy derivatives.

GFI has paid 75 million pounds for Trayport (approximately US$146 million), plus an additional 9 million pounds for excess working capital mostly in the form of surplus cash, for an aggregate purchase price of 84 million pounds (approximately US$164 million). GFI financed the all-cash transaction with the proceeds of a private placement of senior secured notes and amounts drawn under its amended credit facility, as described below. With Trayport's attractive record of growth, cost structure and profitability performance, GFI anticipates that this transaction will be neutral to its non-GAAP 2008 earnings (which excludes amortization of intangibles) and accretive thereafter.

Michael Gooch, Chairman and Chief Executive Officer of GFI, commented: "Over the past two years GFI has created a sizeable footprint and leading position in the OTC energy derivatives marketplace through our acquisition strategy. At the same time, we have utilized internal development to create technology platforms in credit, foreign exchange and energy to facilitate customer execution and enhance broker productivity. The acquisition of Trayport represents a singular opportunity to substantively build upon both of these initiatives. Through the addition of Trayport, GFI's products and services will be fully integrated into the desktop, middle office and back office of our European energy customers. Additionally, we will be able to streamline the introduction of new product offerings in all our regions."

Through GlobalVision(TM), Trayport offers a comprehensive range of proven products including three electronic trading platforms: Exchange Trading System, Broker Trading System and Trading Gateway, which are tailored to the needs of the specific user communities; Multi-Broker Trading System, which can aggregate multiple liquidity pools onto a single screen; and Whiteboard and Market Information systems, which provide for differing levels of market pricing information and communication.

Mr. Gooch continued: "The scope of Trayport's product offerings is extensive and their quality is of the highest caliber, to which we can attest as one of their customers. We are committed to providing the rest of Trayport's impressive customer roster, which includes major IDBs such as ICAP, Tullett-Prebon and Tradition Financial Services, exchanges including Imarex, OneChicago, the European Energy Exchange and the New Zealand Stock Exchange, as well as trading counterparties such as Merrill Lynch, Barclays, EDF Trading and Electrabel, with the same level of technologically advanced products and services on which they have come to rely. We are pleased to report that the entire Trayport team, including its founder Ed Hor, will join GFI to ensure this. Together, we will better serve all our clients, further increase overall market efficiency and build additional value for GFI's employees and shareholders."

Edmund Hor, Managing Director of Trayport, stated: "GFI is one of Trayport's oldest and best customers and understands the critical importance of technology leadership. Teaming up with GFI will enable Trayport to draw upon GFI's innovative market knowledge in developing more leading edge products for the global trading markets."

Private Placement and Amended Credit Agreement

GFI also reported that it has completed a private placement of US$60 million of 7.17% senior secured notes due in 2013. The Company further disclosed that it has amended its existing revolving credit facility to increase the available borrowings under the facility to US$265 million from US$160 million.

Conference Call

GFI has scheduled an investor conference call at 9:00 a.m. (Eastern Time) today, Friday, February 1, to discuss the Trayport acquisition. Those wishing to listen to the live conference via telephone should dial +1-800-798-2864 in North America and +1-617-614-6206 in Europe. The passcode for the call is 89923229. A live audio web cast of the conference call will be available on the Investor Relations section of GFI's Web site. For web cast registration information, please visit the Investor Relations page at http://www.gfigroup.com. Following the conference call, an archived recording will be available at the same site.

About GFI Group Inc.

GFI Group Inc. (http://www.GFIgroup.com) is a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI Group Inc. provides brokerage services, market data and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments.

Headquartered in New York, GFI was founded in 1987 and employs more than 1,500 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Englewood (NJ), and Sugar Land (TX). GFI provides services and products to over 2,000 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(TM), GFInet(R), CreditMatch(R), GFI ForexMatch(TM), EnergyMatch(R), FENICS(R), Starsupply(R) and Amerex(R).

About Trayport Ltd.

Trayport (Trayport.com) is a London-based company with over 100 employees that specializes in developing software to facilitate trading and to support emerging trading communities in the OTC and exchange traded markets. Trayport is known for its expertise in real-time electronic trading systems and has thousands of users worldwide using its GlobalVision(TM) products in a wide range of asset classes and markets. In addition to its main London office, Trayport also has sales offices in Hong Kong and Jersey City (NJ).

Forward-looking statements

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "might," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: acquisitions by us of businesses or technologies, economic, political and market factors affecting trading volumes, securities prices or demand for the Company's brokerage services; competition from current and new competitors; the Company's ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company's ability to identify and develop new products and markets; changes in laws and regulations governing the Company's business and operations or permissible activities; the Company's ability to manage its international operations; financial difficulties experienced by the Company's customers or key participants in the markets in which the Company focuses its brokerage services; the Company's ability to keep up with technological changes; and uncertainties relating to litigation. Further information about factors that could affect the Company's financial and other results is included in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Web site: http://www.gfigroup.com http://www.Trayport.com

GFI Group Inc.

Investor Relations: Christopher Giancarlo, Executive Vice President - Corporate Development, +1-212-968-2992, investorinfo@gfigroup.com, or Chris Ann Casaburri, Investor Relations Manager, +1-212-968-4167, chris.casaburri@gfigroup.com, or Media: Alan Bright, Public Relations Manager, +44-20-7877-8049, alan.bright@gfigroup.co.uk, all of GFI Group Inc.; June Filingeri of Comm-Partners LLC, +1-203-972-0186, junefil@optonline.net

GFI Group Inc. Acquires Trayport Ltd., a Leading Provider of Real-Time Electronic Trading Software for European OTC Energy and Other Markets; Completes Private Placement of Senior Notes and Amends Credit Agreement- Acquisition Complements GFI's Hybrid Brokerage Model by Accelerating Electronic Trading Capability -

NEW YORK, Feb. 1 /PRNewswire-FirstCall/ -- GFI Group Inc. announced today that it has acquired Trayport, a leading provider of real-time electronic trading software for brokers, exchanges and traders in the commodities, fixed income, currencies and equities markets. Trayport's software is installed on more than 10,000 trading screens worldwide, dealing in over 2,000 different trading instruments and supporting over 50 marketplaces across 15 countries. Trayport, a privately-held company founded in London in 1993, had estimated revenues of 14 million pounds (approximately $28 million) for their fiscal year ending January 31, 2008.

Through its highly regarded GlobalVision(TM) products, Trayport has established a leading position in supplying software to the European OTC energy markets including electric power, natural gas, coal, emissions and freight. Trayport's flexible and robust GlobalVision(TM) platforms can accommodate electronic trading, information sharing and straight-through- processing capabilities in all commodity and financial instruments, and is particularly widespread in energy derivatives.

GFI has paid 75 million pounds for Trayport (approximately $146 million), plus an additional 9 million pounds for excess working capital mostly in the form of surplus cash, for an aggregate purchase price of 84 million pounds (approximately $164 million). GFI financed the all-cash transaction with the proceeds of a private placement of senior secured notes and amounts drawn under its amended credit facility, as described below. With Trayport's attractive record of growth, cost structure and profitability performance, GFI anticipates that this transaction will be neutral to its non-GAAP 2008 earnings (which excludes amortization of intangibles) and accretive thereafter.

Michael Gooch, Chairman and Chief Executive Officer of GFI, commented: "Over the past two years GFI has created a sizeable footprint and leading position in the OTC energy derivatives marketplace through our acquisition strategy. At the same time, we have utilized internal development to create technology platforms in credit, foreign exchange and energy to facilitate customer execution and enhance broker productivity. The acquisition of Trayport represents a singular opportunity to substantively build upon both of these initiatives. Through the addition of Trayport, GFI's products and services will be fully integrated into the desktop, middle office and back office of our European energy customers. Additionally, we will be able to streamline the introduction of new product offerings in all our regions."

Through GlobalVision(TM), Trayport offers a comprehensive range of proven products including three electronic trading platforms: Exchange Trading System, Broker Trading System and Trading Gateway, which are tailored to the needs of the specific user communities; Multi-Broker Trading System, which can aggregate multiple liquidity pools onto a single screen; and Whiteboard and Market Information systems, which provide for differing levels of market pricing information and communication.

Mr. Gooch continued: "The scope of Trayport's product offerings is extensive and their quality is of the highest caliber, to which we can attest as one of their customers. We are committed to providing the rest of Trayport's impressive customer roster, which includes major IDBs such as ICAP, Tullett-Prebon and Tradition Financial Services, exchanges including Imarex, OneChicago, the European Energy Exchange and the New Zealand Stock Exchange, as well as trading counterparties such as Merrill Lynch, Barclays, EDF Trading and Electrabel, with the same level of technologically advanced products and services on which they have come to rely. We are pleased to report that the entire Trayport team, including its founder Ed Hor, will join GFI to ensure this. Together, we will better serve all our clients, further increase overall market efficiency and build additional value for GFI's employees and shareholders."

Edmund Hor, Managing Director of Trayport, stated: "GFI is one of Trayport's oldest and best customers and understands the critical importance of technology leadership. Teaming up with GFI will enable Trayport to draw upon GFI's innovative market knowledge in developing more leading edge products for the global trading markets."

Private Placement and Amended Credit Agreement

GFI also reported that it has completed a private placement of $60 million of 7.17% senior secured notes due in 2013. The Company further disclosed that it has amended its existing revolving credit facility to increase the available borrowings under the facility to $265 million from $160 million.

Conference Call

GFI has scheduled an investor conference call at 9:00 a.m. (Eastern Time) today, Friday, February 1, to discuss the Trayport acquisition. Those wishing to listen to the live conference via telephone should dial 800.798.2864 in North America and +1 617.614.6206 in Europe. The passcode for the call is 89923229. A live audio web cast of the conference call will be available on the Investor Relations section of GFI's Web site. For web cast registration information, please visit the Investor Relations page at http://www.gfigroup.com/. Following the conference call, an archived recording will be available at the same site.

About GFI Group Inc.

GFI Group Inc. (http://www.gfigroup.com/) is a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI Group Inc. provides brokerage services, market data and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments.

Headquartered in New York, GFI was founded in 1987 and employs more than 1,500 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Englewood (NJ), and Sugar Land (TX). GFI provides services and products to over 2,000 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(TM), GFInet(R), CreditMatch(R), GFI ForexMatch(TM), EnergyMatch(R), FENICS(R), Starsupply(R) and Amerex(R).

About Trayport Ltd.

Trayport (Trayport.com) is a London-based company with over 100 employees that specializes in developing software to facilitate trading and to support emerging trading communities in the OTC and exchange traded markets. Trayport is known for its expertise in real-time electronic trading systems and has thousands of users worldwide using its GlobalVision(TM) products in a wide range of asset classes and markets. In addition to its main London office, Trayport also has sales offices in Hong Kong and Jersey City (NJ).

Forward-looking statements

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "might," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward- looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: acquisitions by us of businesses or technologies, economic, political and market factors affecting trading volumes, securities prices or demand for the Company's brokerage services; competition from current and new competitors; the Company's ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company's ability to identify and develop new products and markets; changes in laws and regulations governing the Company's business and operations or permissible activities; the Company's ability to manage its international operations; financial difficulties experienced by the Company's customers or key participants in the markets in which the Company focuses its brokerage services; the Company's ability to keep up with technological changes; and uncertainties relating to litigation. Further information about factors that could affect the Company's financial and other results is included in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise.

GFI Group Inc.

CONTACT: Investor Relations: Christopher Giancarlo, Executive Vice
President - Corporate Development, +1-212-968-2992, investorinfo@gfigroup.com,
or Chris Ann Casaburri, Investor Relations Manager, +1-212-968-4167,
chris.casaburri@gfigroup.com, or Media: Alan Bright, Public Relations Manager,
+011-44-20-7877-8049, alan.bright@gfigroup.co.uk, all of GFI Group Inc.; June
Filingeri of Comm-Partners LLC, +1-203-972-0186, junefil@optonline.net

Web site: http://www.gfigroup.com/
http://www.trayport.com/

Cambridgeshire and Peterborough Mental Health Partnership NHS Trust Selects Manpower Software's MAPS Healthroster Solution

LONDON, February 1 /PRNewswire/ -- Manpower Software plc, a leading provider of workforce optimisation and electronic rostering solutions, is pleased to announce that Cambridgeshire and Peterborough Mental Health Partnership NHS Trust has selected Manpower Software's MAPS Healthroster solution after a comprehensive competitive OGC tender process.

David Wherrett, Director of Human Resources and Organisational Development commented: "The flexibility of Manpower's e-rostering solution for staff and management have been clearly illustrated throughout the procurement processes. By utilising the technologies available to the Trust we anticipate MAPS Healthroster will provide employees access to self-service "live" data, linked to existing core information systems (ESR) and these tools should give the Trust the ability to build appropriate skill mix and patient acuity data that will support us in becoming a responsive, efficient and effective service provider and market leader".

The project includes interfaces between MAPS Healthroster and ESR (Electronic Staff Record - the NHS HR and Payroll system). The largest benefit of this work is the automated calculation of pay data in MAPS Healthroster, which is then sent to ESR for payroll purposes - both increasing the accuracy of pay and delivering large time saving for staff, managers and the payroll department alike.

Commenting on the announcement, Paul Scandrett, Manpower Software's Healthcare Sales Director said: 'We are delighted to be selected by Cambridgeshire and Peterborough Mental Health Partnership NHS Trust and look forward to working with the team. We continue to build our impressive track record in other NHS Trusts in the East of England region. This now brings the total number of MAPS Healthroster customers to 31 NHS Trusts in England and Wales.'

About Manpower Software

Manpower Software was founded in 1991 and quickly established itself as a leading provider of workforce optimization solutions, with a reputation for delivering high quality products and services. Manpower Software focuses on helping companies manage their staff resources and control operational costs through effective workforce planning, scheduling and analysis. The solutions comprise: MAPS Healthcare, MAPS Defense and MAPS Maritime Suites and are used by some of the world's largest and most complex organizations to manage their workforce more effectively, making sure the right people, are in the right place, at the right time. Manpower Software is headquartered in London and has an overseas office in the US. From these locations Manpower supports its international client base in Europe, USA and Australia.

For additional information please visit our website at http://www.manpowersoftware.com

Manpower Software plc Enquiries: Paul Scandrett - Sales Director - Healthcare Tel: +44(0)20-7389-9500 pscandrett@manpowersoftware.com Ciara Matthews - Marketing Manager Tel: +44(0)20-7389-9531 cmatthews@manpowersoftware.com

Manpower Software PLC

Manpower Software plc Enquiries: Paul Scandrett - Sales Director -Healthcare, Tel: +44(0)20-7389-9500, pscandrett@manpowersoftware.com; Ciara Matthews - Marketing Manager, Tel: +44(0)20-7389-9531, cmatthews@manpowersoftware.com

Microsoft Brings RoundTable Videoconferencing to Seven Additional Countries in Western Europe

VIENNA, Austria, February 1 /PRNewswire/ --

- Success drives the rollout of Microsoft's innovative RoundTable 360-degree videoconferencing system.

Microsoft Corp today announced increased Western European availability of its unique Microsoft RoundTable videoconferencing system. Enterprises in Austria, Denmark, Finland, Ireland, Norway, Sweden and Switzerland can now enjoy the next generation of videoconferencing, maximising effective communication, reducing costs and giving businesses the opportunity to turn meetings into corporate assets.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)

Microsoft RoundTable is an all-in-one videoconferencing device that broadcasts synchronised audio and video over a standard Windows-based PC. A tabletop device, not much bigger than a traditional speakerphone at the base, it captures and provides a 360-degree panoramic view of everyone in the meeting. Microsoft RoundTable follows the conversation, identifying individual speakers and broadcasting their image in close-up as they talk; as people enter the conversation, the system cuts seamlessly between active speakers.

Traditional audio teleconferencing presents problems, with effective interaction falling away as the number of participants increases -- establishing who is speaking at any given time becomes more and more difficult. Videoconferencing systems overcome this obstacle but are expensive and difficult to install, and can be complicated to operate. The results are a limited number of expensively adapted meeting rooms, which often need to be booked days in advance. The inflexibility of each solution can mean that physical meetings are unavoidable, with attendant costs and complications.

Unlike standard videoconferencing systems, Microsoft RoundTable is easy to use, requiring little or no training to operate. Its plug-and-play deployment means that, once the system is connected via Universal Serial Bus (USB) to either Microsoft Office Communications Server 2007 or Microsoft Office Live Meeting service (2007), it is ready to use.

"Microsoft RoundTable looks like, and is as simple to use as, a teleconference audio phone but delivers the effective communication of videoconferencing," said Lukas Keller, Unified Communications Business lead at Microsoft. "Any space can become a videoconferencing room in the time it takes to attach Microsoft RoundTable's USB cable to a computer with a network connection -- and at a fraction of the cost of current systems. In extending availability, Microsoft is helping its Western European customers to save time and money whilst significantly increasing meeting effectiveness."

Leveraging meeting value, Microsoft RoundTable can also turn discussions into corporate assets. By recording them the system allows users to see content, view any Microsoft Office PowerPoint presentation used and, importantly, understand the meeting dynamic by watching participants in real time. Recorded audio and video is synchronised with meeting content so users can easily fast-forward and rewind to relevant sections of the meeting.

Companies that include Netherlands water company Evides have been using the Microsoft RoundTable system. "We've found that Microsoft RoundTable has exceeded our expectations for ease of use, functionality, and time and money saved on travel," said Jan Urbanus, ICT manager at Evides. "We are now starting a major project involving two sites at opposite ends of the country. Before Microsoft RoundTable, staff would face a trip of at least four hours, but now we can use that time more productively with team members able to communicate and collaborate as though meeting face-to-face. Moreover, because Microsoft RoundTable is not tied to a specific meeting room, our people have the flexibility to hold virtual meetings wherever and whenever they want."

"Executives know the cost, disruption and dislocation that business travel can entail. Microsoft RoundTable delivers a videoconferencing system that is mobile, simple to deploy and use, and much less expensive than existing solutions," Keller said. "Microsoft RoundTable's flexibility ensures that there is now a much more effective way to bring people together in Europe and around the world."

Microsoft RoundTable is now available for customers to purchase at an estimated retail price of US$3,000 (US) through a direct Microsoft order process and, shortly, via authorised resellers in 13 Western European countries:

-- Austria -- Denmark -- Finland -- France -- Germany -- Ireland -- Italy -- Netherlands -- Norway -- Spain -- Sweden -- Switzerland -- UK

More information about Microsoft Unified Communications and Microsoft RoundTable, including purchasing information, is available at http://www.microsoft.com/uc/products/roundtable.mspx.

About Microsoft

Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in software, services and solutions that help people and businesses realise their full potential.

About Microsoft EMEA (Europe, Middle East and Africa)

Microsoft has operated in EMEA since 1982. In the region Microsoft employs more than 16,000 people in over 64 subsidiaries, delivering products and services in more than 139 countries and territories.

This material is for informational purposes only. Microsoft Corp disclaims all warranties and conditions with regard to use of the material for other purposes. Microsoft Corp shall not, at any time, be liable for any special, direct, indirect or consequential damages, whether in an action of contract, negligence or other action arising out of or in connection with the use or performance of the material. Nothing herein should be construed as constituting any kind of warranty.

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

Microsoft

Daniela Trivelloni, Microsoft Western Europe PR Manager, +44-(0)-7812-338101, i-datriv@microsoft.com; or Dan Roche, or Lucy Fairbrass, both of Waggener Edstrom Worldwide, +44-(0)-207-632-3800, WEIWPR@waggeneredstrom.com, for Microsoft; or Microsoft EMEA Response Centre, emearesponse@waggeneredstrom.com ; NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre. Web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact appropriate contacts listed at http://www.microsoft.com/emea/contactus. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages ; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk photodesk@prnewswire.com

Premier Farnell Announces Live EDGE Challenge US$100,000 Global Winner and Five US$5,000 Runner-Ups

LONDON, February 1 /PRNewswire/ --

- Panel of judges select the winning entry based on the most creative electronic design that will have a positive impact on the environment.

- Since its launch in May 2007, over 3,500 design engineers, students and academics from 102 countries have registered for the competition

Premier Farnell plc (LSE:pfl), the leading multi-channel, high service distributor supporting millions of engineers and purchasing professionals globally, has announced the winner of the 2007 Live EDGE Electronic Design for the Global Environment challenge as John Noble from Malaysia. John has designed a product called MyFan, a ceiling fan that combines an electronically commutated motor and controller, and aerodynamically efficient blade design that reduces fan input power by up to 66% of that of a traditional ceiling fan. It boasts auxiliary output channels that drive up to 20 watts of integrated LED lighting with up/down lighting modules. The Motor construction is totally enclosed and is available with an IP5x environmental rating.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080201/291801 )

The judges noted that Johns design demonstrated the best originality and innovation of the entered designs, the highest technical merit, a reduced effect on the global environment, provided the best feasibility of design, clearly showed efficient use of energy, provided innovative use of components, good cost optimisation, completeness of design dossier and excellent supporting documentation.

"It is a great honour to have my design recognised by such an esteemed panel of judges," said John Noble, winner of Live EDGE 2007 challenge. "Live EDGE has provided design engineers a forum to focus more on the issue of sustainability and not just growth."

Also providing excellent designs are the five runner ups; Thomas Reiter a student from Austria designing a unique miniature battery saving switch-mode power supply, Minesh Bhakta from the U.K. designing an energy gauge that helps manage the use of electrical sockets, Carlos Marques from Portugal on behalf of his company ID-Mind, who's design is for a 3D SunTracker optimising the effectiveness of solar panels, Dale Stepps from Florida in the U.S. on behalf of his company Inteltech Corporation for a solid state luminare and Alaistair Macfarlane from Scotland designing a LED intelligent light, all receiving US$5,000 USD.

"Our congratulations go out to John, we look forward to working with him to register his design and support him through production into the market, said Harriet Green, CEO of Premier Farnell. "With over 3,500 engineers from over 102 countries involved in this year's Live EDGE challenge, we feel we have really provided an opportunity for environmentally friendly design and look forward to continuing this challenge in the future. We are proud to encourage the design of products that change the lives of at least 3 billion people. We will constantly work towards providing the best service, technology and support to our critically important design engineering customers."

About Live EDGE:

The winning entrant receives a cash prize of US $50,000 as well as the support to move the design towards production. The support package, estimated to be worth an additional US $50,000, will include the services of an electronic design consultancy that will develop the design to prototype stage, assistance with legal matters and IP registration, marketing and publicity, as well as Premier Farnell's help in securing investment funding. The group hopes to actively market the end product to millions of customers globally through their leading edge Web page, catalogue and direct marketing.

More information about the Live EDGE Challenge is available at http://www.live-edge.com.

About Premier Farnell

Premier Farnell plc (LSE:pfl) is a leading high service, multi-channel distributor of electronic, maintenance, repair and operation products and specialist services throughout Europe, the Americas and Asia Pacific. It goes to market with a differentiated value proposition, world-class marketing, a stocked range of 400,000+ products, and access to 4,000,000 more items from 3,000 top manufacturers. The company has group sales of GBP823.1m and 4,100 employees globally.

While global in scope, Premier Farnell recognizes the individual needs of each market and has continued to internationalize its model accordingly, trading locally under different brand names. Its primary electronics businesses trade as Farnell in the UK, Europe, Australia and New Zealand, Newark in the US, Canada and Mexico, and Premier Electronics in China. In Singapore, Malaysia, Hong Kong and Brazil the operation is known as Farnell Newark. For more information visit the website at http://www.premierfarnell.com

Issued by:

Jonathan Roberts, Account Director, Pinnacle Marketing Communications Ltd, Prosperity House, Dawlish Drive, Pinner, Middlesex, HA5 5LN, UK Email: jonathan@pinnaclemarcom.com Tel: +44(0)20-8869-9339 Web: http://www.pinnacle-marketing.com

Contact details for publication and editorial enquiries: Jenny Peters Head of Corporate Communications Premier Farnell plc Tel: +44(0)207-851-4102 Mobile:+44(0)7921740548 Email: JPeters@Premierfarnell.com

Photo: http://www.newscom.com/cgi-bin/prnh/20080201/291801
Premier Farnell

Contact details for publication and editorial enquiries: Jenny Peters, Head of Corporate Communications, Premier Farnell plc, Tel: +44(0)207-851-4102, Mobile:+44(0)7921740548, Email: JPeters@Premierfarnell.com

Premier Farnell Announces Live EDGE Challenge US$100,000 Global Winner and Five US$5,000 Runner-Ups

LONDON, February 1 /PRNewswire-FirstCall/ -- - Panel of judges select the winning entry based on the most creative electronic design that will have a positive impact on the environment.

- Since its launch in May 2007, over 3,500 design engineers, students and academics from 102 countries have registered for the competition

Premier Farnell plc , the leading multi-channel, high service distributor supporting millions of engineers and purchasing professionals globally, has announced the winner of the 2007 Live EDGE Electronic Design for the Global Environment challenge as John Noble from Malaysia. John has designed a product called MyFan, a ceiling fan that combines an electronically commutated motor and controller, and aerodynamically efficient blade design that reduces fan input power by up to 66% of that of a traditional ceiling fan. It boasts auxiliary output channels that drive up to 20 watts of integrated LED lighting with up/down lighting modules. The Motor construction is totally enclosed and is available with an IP5x environmental rating.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080201/291801 )

The judges noted that Johns design demonstrated the best originality and innovation of the entered designs, the highest technical merit, a reduced effect on the global environment, provided the best feasibility of design, clearly showed efficient use of energy, provided innovative use of components, good cost optimisation, completeness of design dossier and excellent supporting documentation.

"It is a great honour to have my design recognised by such an esteemed panel of judges," said John Noble, winner of Live EDGE 2007 challenge. "Live EDGE has provided design engineers a forum to focus more on the issue of sustainability and not just growth."

Also providing excellent designs are the five runner ups; Thomas Reiter a student from Austria designing a unique miniature battery saving switch-mode power supply, Minesh Bhakta from the U.K. designing an energy gauge that helps manage the use of electrical sockets, Carlos Marques from Portugal on behalf of his company ID-Mind, who's design is for a 3D SunTracker optimising the effectiveness of solar panels, Dale Stepps from Florida in the U.S. on behalf of his company Inteltech Corporation for a solid state luminare and Alaistair Macfarlane from Scotland designing a LED intelligent light, all receiving US$5,000 USD.

"Our congratulations go out to John, we look forward to working with him to register his design and support him through production into the market, said Harriet Green, CEO of Premier Farnell. "With over 3,500 engineers from over 102 countries involved in this year's Live EDGE challenge, we feel we have really provided an opportunity for environmentally friendly design and look forward to continuing this challenge in the future. We are proud to encourage the design of products that change the lives of at least 3 billion people. We will constantly work towards providing the best service, technology and support to our critically important design engineering customers."

About Live EDGE:

The winning entrant receives a cash prize of US $50,000 as well as the support to move the design towards production. The support package, estimated to be worth an additional US $50,000, will include the services of an electronic design consultancy that will develop the design to prototype stage, assistance with legal matters and IP registration, marketing and publicity, as well as Premier Farnell's help in securing investment funding. The group hopes to actively market the end product to millions of customers globally through their leading edge Web page, catalogue and direct marketing.

More information about the Live EDGE Challenge is available at http://www.live-edge.com/.

About Premier Farnell

Premier Farnell plc is a leading high service, multi-channel distributor of electronic, maintenance, repair and operation products and specialist services throughout Europe, the Americas and Asia Pacific. It goes to market with a differentiated value proposition, world-class marketing, a stocked range of 400,000+ products, and access to 4,000,000 more items from 3,000 top manufacturers. The company has group sales of GBP823.1m and 4,100 employees globally.

While global in scope, Premier Farnell recognizes the individual needs of each market and has continued to internationalize its model accordingly, trading locally under different brand names. Its primary electronics businesses trade as Farnell in the UK, Europe, Australia and New Zealand, Newark in the US, Canada and Mexico, and Premier Electronics in China. In Singapore, Malaysia, Hong Kong and Brazil the operation is known as Farnell Newark. For more information visit the website at http://www.premierfarnell.com/

Issued by:

Jonathan Roberts, Account Director, Pinnacle Marketing Communications Ltd, Prosperity House, Dawlish Drive, Pinner, Middlesex, HA5 5LN, UK Email: jonathan@pinnaclemarcom.com Tel: +44(0)20-8869-9339 Web: http://www.pinnacle-marketing.com/

Contact details for publication and editorial enquiries: Jenny Peters Head of Corporate Communications Premier Farnell plc Tel: +44(0)207-851-4102 Mobile:+44(0)7921740548 Email: JPeters@Premierfarnell.com

Photo: http://www.newscom.com/cgi-bin/prnh/20080201/291801 Premier Farnell

CONTACT: Contact details for publication and editorial enquiries: Jenny
Peters, Head of Corporate Communications, Premier Farnell plc, Tel:
+44(0)207-851-4102, Mobile:+44(0)7921740548, Email:
JPeters@Premierfarnell.com

NETC Announces Today its Results for the Fourth Quarter of 2007

SAO PAULO, Brazil, Jan. 31 /PRNewswire-FirstCall/ -- Net Servicos de Comunicacao S.A. (Bovespa: NETC3 and NETC4; Nasdaq: NETC; and Latibex: XNET), announces today its results for the fourth quarter of 2007 ("4Q07") and fiscal year 2007.

The pay TV subscriber base reached 2,475,000 at the end of 2007, expanding by 16% from 2,142,000 subscribers in the previous year; the broadband subscriber base increased to 1,424,000, growing by 65% from 864,000; and the voice subscriber base totaled 567,000, expanding by 212% (all figures in relation to yearend 2006).

Net Revenue climbed by 28.0% to R$ 2,901.9 million, compared with R$ 2,266.7 million in 2006. Average Revenue per User (ARPU) grew 9% in the year to R$ 131.34, from R$ 120.51 in 2006. The main drivers of these increases were the growth in the subscriber base and the Company's ability to sell to its clients not only more products, but also products with higher value added. Operating Costs in 2007 stood at R$ 1,379.7 million, growing by 30.7% in relation the R$ 1,056.0 million recorded the year before. Programming Costs increased by 20.1% in the year, mainly due to the higher number of Pay TV subscribers, while Other Operating Costs, comprised mainly of costs with the call center and the contracting of bandwidth for Internet service (link), rose by 75.9% in the period.

Selling, general and administrative expenses (SG&A) totaled R$ 735.6 million in 2007, 35.9% higher than the R$ 541.4 million recorded in 2006. Selling Expenses were up 23.5%, driven by higher expenses with sales commissions because of the higher sales volume in the year, as well as higher expenses with advertising campaigns. General and Administrative Expenses increased by 17.4%.

Consolidated EBITDA was R$ 804.3 million in 2007, up 25.9% in relation to the R$ 638.7 million reported in 2006. EBITDA margin remained stable at 28%, within the range considered adequate by the company, given the Company's execution of a strategy of strong organic growth in a highly competitive scenario.

Conference Call - 02/01/2008 English: 11:00 AM (EST) Phone #: +1 (973) 935-8893 ID Code: 33038036 Portuguese: 10:00 AM (EST) Phone #: +55 (11) 2188-0188 ID Code: Net Live Webcast and earnings release: http://www.ir.netservicos.com.br/

Net Servicos de Comunicacao S.A.

CONTACT: IR Contacts: Marcio Minoru, +55-11-2111-2811,
minoru@netservicos.com.br); and Maria Siqueira, +55-11-2111-2785,
maria.siqueira@netservicos.com.br, both of Net Servicos de Comunicacao S.A.

Web site: http://www.ir.netservicos.com.br/

TIBCO Software to Present at Thomas Weisel Partners Technology, Telecom & Internet Conference

PALO ALTO, Calif., Jan. 31 /PRNewswire-FirstCall/ -- TIBCO Software Inc. today announced that Murray Rode, chief financial officer and executive vice president, Strategic Operations, and Sydney Carey, corporate controller and senior vice president, Finance will present at the upcoming 2008 Thomas Weisel Partners Technology, Telecom & Internet Conference in San Francisco, Calif. at the Fairmont Hotel on Monday, February 4, 2008 at 8:30 a.m. PST, 11:30 a.m. EST.

The presentation will broadcast live over the internet. To listen to the Webcast, please visit the TIBCO Software Investor Relations Website at http://www.tibco.com/company/investor_info/default.jsp. A replay of the Webcast will be available at this location for 30 days following the presentation.

About TIBCO

TIBCO digitized Wall Street in the '80s with its event-driven "Information Bus" software, which helped make real-time business a strategic differentiator in the '90s. Today, TIBCO's infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service-oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now. TIBCO serves more than 3,000 customers around the world with offices in 40 countries and an ecosystem of over 200 partners. Learn more at http://www.tibco.com/.

TIBCO, The Power of Now and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.

TIBCO Software Inc.

CONTACT: media relations, Holly Burkhart, +1-650-846-8463,
hburkhart@tibco.com, or investor relations, Matthew Langdon, +1-650-846-5387,
mlangdon@tibco.com, both of TIBCO Software Inc.

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

Digital Realty Trust Announces Pricing of Cumulative Convertible Preferred Equity Offering

SAN FRANCISCO, Jan. 31 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. today announced the pricing of an underwritten public offering of 12,000,000 shares of Series D Cumulative Convertible Preferred Stock at $24.25 per share for estimated gross proceeds of $291,000,000. The shares of Series D Cumulative Convertible Preferred Stock will be convertible for shares of Digital Realty Trust common stock. The offering was made pursuant to its shelf registration statement filed with the Securities and Exchange Commission and is expected to close on February 6, 2008, subject to customary closing conditions. Digital Realty Trust has granted the underwriters an option to purchase up to an additional 1,800,000 shares of its Series D Cumulative Convertible Preferred Stock, within 30 days of the initial issuance of the shares, solely to cover over-allotments.

The Series D Cumulative Convertible Preferred Stock will pay dividends quarterly at a rate of 5.500% per year. The preferred shares will be convertible, at the holder's option, at an initial conversion rate of 0.5955 common shares per $25.00 liquidation preference per preferred share (or an initial conversion price of $41.98 per common share), subject to adjustment upon the occurrence of certain events. The initial conversion price represents a 17.5% conversion premium over the closing sale price of the Company's common shares on January 31, 2008 on the New York Stock Exchange, which was $35.73 per share.

The Company estimates the net proceeds from this offering will be approximately $290 million (or $333.6 million if the over-allotment option is exercised in full) after deducting discounts, commissions and estimated expenses. Digital Realty Trust intends to utilize the net proceeds from the offering to temporarily repay borrowings under its revolving credit facility, to fund acquisitions, to fund redevelopment activities and for general corporate purposes. Consistent with Digital Realty Trust's growth strategy, Digital Realty Trust is actively pursuing multiple opportunities for potential acquisitions, with due diligence and negotiations at different stages of advancement. Digital Realty Trust intends to reborrow amounts under its revolving credit facility from time to time to acquire additional properties, to fund development and redevelopment activities and for general corporate purposes.

Citi and Credit Suisse Securities (USA) LLC were the joint book-running managers for the offering. A final prospectus supplement related to the public offering will be filed with the Securities and Exchange Commission. Copies of the final prospectus supplement, when available, may be obtained from Citi (Attention Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220) or from Credit Suisse Securities (USA) LLC (Prospectus Department, One Madison Avenue, New York, NY 10010). This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. The offering may be made only by means of a prospectus and related prospectus supplement.

Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and internet enterprises, to manufacturing and financial services. Digital Realty Trust's 70 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 12.3 million rentable square feet, including 1.8 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 26 markets throughout North America and Europe.

For Additional Information: A. William Stein Pamela A. Matthews Chief Financial Officer and Investor/Analyst Information Chief Investment Officer Digital Realty Trust, Inc. Digital Realty Trust, Inc. (415) 738-6532 (415) 738-6500

Digital Realty Trust, Inc.

CONTACT: A. William Stein, Chief Financial Officer and Chief Investment
Officer, +1-415-738-6500, or Pamela A. Matthews, Investor|Analyst Information,
+1-415-738-6532, both of Digital Realty Trust, Inc.

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

page 1     page 2    

News archive of November 2009
1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30