Companies news

SINGAPORE, Feb. 7 /PRNewswire-FirstCall/ -- Flextronics today announced plans to acquire the FRIWO Mobile Power (FMP) business unit of CEAG AG, a global market leader for power supplies and chargers for mobile telephones. FMP develops, produces and markets power supply and charging devices for mobile applications in the telecommunications sector. FMP will become part of Flextronics'components business unit Vista Point Technologies, which designs, builds and markets refined microsystems for end users, including camera modules, antennas, radio frequency (RF) modules, and thin film transistor (TFT) displays and power supplies. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close during Flextronics' first quarter ending June 30, 2008.

Flextronics will support CEAG's remaining business unit, FRIWO Power Solutions (FPS), through an EMS partnership whereby the Vista Point Technologies business unit will provide manufacturing requirements for FPS that are currently managed by FMP, which operates three manufacturing facilities in China and R&D centers in Germany and China.

"This acquisition will significantly expand our capabilities in the area of low power (<10 Watts) AC/DC power supplies and will establish us as one of the top two mobile charger suppliers worldwide," said Bob Roohparvar, president of Vista Point Technologies. "Additionally, this acquisition will add significant relationships with leading mobile phone OEMs, will strengthen our vertical integration capabilities through the addition of magnetic (transformer) manufacturing and cable assembly and will add three power supply manufacturing facilities to our current Dongguan location. This is a strategic acquisition that is synergistic with our power supplies strategy and we look forward to bringing the FMP team onboard with our business unit."

"This transaction fits our acquisition strategy perfectly, which is to add various component technologies and be the number one or two global supplier for each of the component technologies we offer," said Mike McNamara, chief executive officer of Flextronics. "In relation to Flextronics, these types of acquisitions are typically small, as is the case with FMP. The acquisition price is approximately US$85 million for which we will be acquiring annual revenues of approximately US$375 million at slightly higher than corporate average operating margins."

About Flextronics

Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, computing, consumer digital, industrial, infrastructure, medical and mobile OEMs. With the acquisition of Solectron, pro forma fiscal year 2007 revenues from continuing operations are more than US$30.0 billion. Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit http://www.flextronics.com/.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements. These forward-looking statements include statements related to plans, projections and estimates regarding the acquisition, including future financial and operating results. These forward-looking statements are based on current assumptions and expectations and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements. These risks include that the revenues, cost savings, growth prospects and any other synergies expected from the acquisition may not be fully realized due to difficulties integrating the businesses, operations and product lines of FMP or may take longer to realize than expected; that the transaction may not close when expected or at all if certain regulatory approvals are not obtained; and the other risks affecting Flextronics as described under "Business -- Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our quarterly and annual reports and other filings with the U.S. Securities and Exchange Commission. The forward-looking statements in this communication are based on current expectations and Flextronics assumes no obligation to update these forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements.

Flextronics

CONTACT: Thomas J. Smach, Chief Financial Officer, +1-408-576-7722,
investor_relations@flextronics.com, or Renee Brotherton, Vice President,
Corporate Communications, +1-408-576-7189, renee.brotherton@flextronics.com,
both of Flextronics

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

AT&T to Dish Out Interview Series With Six of the NCAA's Top Men's Basketball Coaches Exclusively on Wireless Handsets'Coaches' Corner' Streaming Video Series to Debut Saturday, Feb. 9

SAN ANTONIO, Feb. 7 /PRNewswire-FirstCall/ -- AT&T Inc. , in conjunction with the National Association of Basketball Coaches (NABC) and the National Collegiate Athletic Association (NCAA(R)), today announced the launch of Coaches' Corner, a six-week series of candid video interviews with some of the NCAA's most acclaimed men's basketball coaches, including Jim Boeheim (Syracuse), Paul Hewitt (Georgia Tech), Tom Izzo (Michigan State), Ernie Kent (Oregon), Dave Odom (South Carolina) and Bill Self (Kansas). The streaming video series, going live Saturday, Feb. 9, will be available exclusively on AT&T wireless handsets.

The Coaches' Corner panel of NCAA basketball experts will offer unique insights on anything and everything about college hoops, from how to prepare a team for the NCAA Division I Men's Basketball Championship to the process of recruiting top players to game-day superstitions. Each coach's interview will be approximately 90 seconds, and a new topic will be introduced each Saturday. Updated content, along with instructions to access, will be featured during NCAA regular-season basketball games on CBS Sports throughout the duration of the series.

"The basketball coaches in our Coaches' Corner panel have an enormous amount of basketball knowledge and years of unique basketball experiences," said Tim McGhee, director of National Sponsorships for AT&T's wireless unit. "As an official NCAA and NABC Corporate Champion, AT&T is very excited to be able to deliver this robust mobile video content to our customers so that they can connect to exclusive panel discussions throughout the season. This is an extension of our commitment to the NCAA and to college basketball."

Customers can access Coaches' Corner on their wireless handsets by launching the Cellular Video (CV) mobile application. Standard data-usage charges apply. For more information on AT&T Cellular Video, visit http://www.wireless.att.com/cv.

Note: This AT&T release and other news announcements are available as part of an RSS feed at http://www.att.com/rss.

About the National Association of Basketball Coaches (NABC)

Located in Kansas City, Missouri, the NABC was founded in 1927 by Phog Allen, the legendary basketball coach at the University of Kansas. Allen, a student of James Naismith, the inventor of basketball, organized coaches into this collective group to serve as Guardians of the Game. The NABC currently claims nearly 5,000 members consisting primarily of university and college men's basketball coaches. All members of the NABC are expected to uphold the core values of being a Guardian of the Game by bringing attention to the positive aspects of the sport of basketball and the role coaches play in the academic and athletic lives of today's student-athletes. The four core values of being a Guardian of the Game are advocacy, leadership, service and education. Additional information about the NABC, its programs and membership, can be found at http://www.nabc.com/.

About the NCAA

The NCAA is a membership-led nonprofit association of colleges and universities committed to supporting academic and athletics opportunities for more than 380,000 student-athletes at more than 1,000 member colleges and universities. Each year, more than 54,000 student-athletes compete in NCAA championships in Divisions I, II and III sports. Visit http://www.ncaa.org/ and http://www.ncaa.com/ for more details about the Association, its goals and members and corporate partnerships that help support programs for student-athletes. The NCAA is proud to have the following elite companies as official Corporate Champions-AT&T, Coca-Cola and Pontiac-and the following elite companies as official Corporate Partners-DiGiorno, Enterprise, The Hartford, Lowe's, Sheraton and State Farm.

[NCAA is a trademark of the National Collegiate Athletic Association.] About AT&T

AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other AT&T marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

AT&T Inc.

CONTACT: Lauren Butler of AT&T Inc., +1-404-405-5623,
lbutler@attnews.us

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

STMicroelectronics' Nomadik(R) Multimedia Processor Adds Linux and Complete Application Environment from Trolltech

GENEVA, Feb. 7 /PRNewswire-FirstCall/ -- STMicroelectronics , a leader in delivering high-performance, low-power multimedia solutions for next-generation mobile products, today expanded its Nomadik(R) multimedia application processor ecosystem with the integration of Linux and Trolltech's Qtopia application environment in the STn8815 Nomadik engine.

This powerful platform provides equipment manufacturers with a complete reference design that facilitates fast development and customization of the latest generations of multimedia applications including smart phones, wireless PDAs, internet appliances and car entertainment systems.

Based on ST's distributed-processing architecture with smart multimedia accelerators, the Nomadik processors enable compelling multimedia applications with ultra-low power consumption.

The newest STn8815 offering combines the application engine with a Linux base port and the Qtopia application framework. The Linux platform integrates major multimedia codecs (MPEG4, H.264, MP3, AAC, JPEG) and a full set of drivers for ST's embedded peripherals, including Bluetooth, WiFi, digital still camera, video output and power management.

Trolltech's Qtopia is a popular application platform and user interface for Linux-based mobile and embedded devices. It offers a rich toolkit and intuitive API (Application Programming Interface), fully customizable user interface and highly efficient development framework. The full software stack supports the key functionalities for a rich user experience, including video and voice calls, video and music playback, internet browsing, camcorder, touch screen and smart energy management.

"Until now, equipment manufacturers were largely left on their own to integrate software on top of the OS. The Nomadik Linux platform with the Qtopia application framework bridges the gap, providing a single-source solution that dramatically reduces product development time for both hardware and software," said Teppo Hemia, Mobile Platform Chipset Director within ST's Mobile, Multimedia and Communications Group.

"Trolltech's Linux-based Qtopia running on ST's latest Nomadik engine enables customers to efficiently deliver compelling multimedia solutions," said Karsten Homann, VP Professional Services at Trolltech. "This powerful combination significantly simplifies the creation of state-of-the-art user experiences as well as shortening the time to market for device manufacturers."

Samples of the STn8815 processor engine with the Qtopia software stack are available now. Volume production of the STn8815/ Qtopia offering is scheduled for Q2 2008. Pricing for the STn8815 is below $12 in quantities of 10,000 pieces for stand-alone package versions.

About Trolltech

Trolltech provides cross-platform software development frameworks and application platforms. Trolltech's Qt is used in popular software such as Skype, Google Earth, Adobe Photoshop Elements, Lucasfilm and by more than 5000 customers worldwide. Trolltech's Qtopia has enabled a new generation of exciting consumer devices such as mobile handsets, video-phones, set-top boxes and media players. Trolltech's software has shipped in more than 10 million devices.

Trolltech's products enable companies to easily build and deploy software across a wide range of operating systems and electronic devices. The company serves desktop and embedded application providers, as well as consumer electronics and mobile vendors, who face challenges in delivering user- friendly and differentiated software. Trolltech enables customers to accelerate innovation, shorten time to market and increase revenues. Trolltech's software improves the user experience by increasing the appeal and quality of customer's applications on desktop and devices. The future proof Qt software allows developers to code less, create more and deploy anywhere.

Trolltech supports open source and commercial customers. The company has offices in California, U.S.A.; Brisbane, Australia; Beijing, China; Berlin and Munich, Germany; Oslo, Norway. It is listed on the Oslo Stock Exchange under the ticker symbol TROLL. For more information about Trolltech, please visit http://www.trolltech.com/.

About STMicroelectronics

STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at http://www.st.com/.

Nomadik is a registered trademark of STMicroelectronics. All other trademarks or registered trademarks are the property of their respective owners.

STMicroelectronics

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

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

District of Columbia Signs Contract Providing Significant Cost Savings on Telecom ServicesVerizon Business to Provide Voice, Data and Voice Mail Services for More Than 200 Sites

WASHINGTON, Feb. 7 /PRNewswire/ -- The District of Columbia Government has signed a three-year contract with Verizon Business under which the company will provide local telecommunications voice, data and voice mail services at more than 200 District offices.

More than 20,000 District employees -- including police, fire and administrative personnel -- will receive those services. The new agreement, announced Thursday (Feb. 7), continues a long history of serving the evolving communications needs of the District through Verizon and its legacy companies.

"This three-year discount contract represents a new and improved business partnership for the District and Verizon," said Vivek Kundra, chief technology officer for the District of Columbia. "The mayor, the attorney general, Councilmembers Schwartz and Gray, and the entire Council all played critical roles in taking it to final approval. I want to thank everyone involved in this important effort on behalf of the taxpayers and employees of the District,"

According to the District Office of Planning data, at the end of 2006 DCG served 581,530 residents and had 26,951 "full-time equivalent" employees in the nation's capital.

Alex Coleman, senior vice president for Verizon Business' government and education organization, said: "Our more than 100 years of serving the District of Columbia gives us a unique perspective on its current and future needs. We look forward to working with the District as it begins to implement advanced Internet protocol services that will help improve the experience for customers in the years to come."

This innovative contract makes it easier for the District to both buy smarter and to save money. The agreement is projected to save between $6 million and $12 million on basic services and will allow the District to address most of the products and services that it buys from Verizon.

Kundra said: "The contract will help the District contain costs for landline and data services while taking advantage of emerging technologies. Negotiators on both sides worked hard and in good faith to draft the contract."

The Office of the Chief Technology Officer (OCTO) identifies and implements technologies that systematically support the business process needs and requirements of District agencies. OCTO also develops and enforces policies and standards for information technology throughout the District government. OCTO's overall mission is to leverage technology investments to increase efficiency, transparency, and accountability throughout the District.

About Verizon Business

Verizon Business, a unit of Verizon Communications , is a leading provider of advanced communications and information technology (IT) solutions to large business and government customers worldwide. Combining unsurpassed global network reach with advanced communications, security and other professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world. For more information, visit http://www.verizonbusiness.com/.

Verizon Business

CONTACT: Christina Fleps, +1-202-727-0619, christina.fleps@dc.gov,
Stefanie Scott, +1-512-495-6730, stefanie.scott@verizon.com

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

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

Verizon Wireless Unveils New Store Concept in Mt. Laurel, N.J.Unique Hands-on Approach Delivers Customer-focused Retail Experience

MT. LAUREL, N.J., Feb. 7 /PRNewswire/ -- Verizon Wireless today announced the opening of its first "evolution store" in the Philadelphia region. The store is a step forward in the wireless retail concept, offering consumers hands-on experience with wireless voice, data, music and video services in a sleek, new full-service environment. Located in the Cambridge Crossings Shopping Center at 4317 Dearborn Circle off Rt. 38 West, the store is open Monday through Friday, 9 a.m. to 9 p.m., and Saturday and Sunday from 10 a.m. to 7 p.m.

In addition to a dedicated "demo bar" where customer interaction is guided by a product-savvy sales staff, the new "evolution" store design integrates a number of new systems and operational enhancements designed to streamline the sales process and increase customer satisfaction.

A check-in kiosk invites customers to sign in upon arrival and stay informed via plasma monitors that track their place in the queue for service. Technical assistance and customer support areas are roomy and easy to locate and customers are invited to explore the interactive displays featuring the latest wireless devices and services while the check-in system holds their place in line.

"Verizon Wireless is committed to providing customers with a hassle-free shopping experience as well as easy access to support services," said Store Manager Kelly DeFrancisco.

"This spacious new store provides equitable space for both retail and customer service areas to accommodate our customers' needs. Providing a modern and interactive approach to our retail environment will enhance our customers' experience far beyond the initial purchase of a phone and accessories," DeFrancisco said.

Strong demand for Verizon Wireless services continued during the fourth quarter of 2007 as the company reported two million net customer additions. For the 13th consecutive quarter, Verizon Wireless also led the wireless industry in customer loyalty. The company posted a churn (customer turnover) rate of 1.2%, well below the rate reported by the other major wireless carriers.

The new Mt. Laurel Communications Store is one of 130 Verizon Wireless Communications Stores and kiosks (including "Stores-within-a-Store" at Circuit City and BJs Wholesale Club) in the Philadelphia region. The store's phone number is 856-778-0733.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 65.7 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast- quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: Pam Boyd or Carla Reinas, +1-856-642-6226, for Verizon
Wireless; or Sheldon Jones of Verizon Wireless, +1-215-638-5668,
sheldon.jones@verizonwireless.com

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

Marstons Mills, Massachusetts Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

MARSTONS MILLS, Mass., Feb. 7 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Barnstable County, Verizon Wireless has activated a new cell site. The new site increases high- speed wireless data coverage and capacity along Routes 149 and 28 in Marstons Mills, as well as the surrounding area.

Verizon Wireless has invested nearly $44 billion since it was formed to increase the coverage and capacity of its national network and to add new services like BroadbandAccess and V CAST. Regionally the company has invested nearly $2.2 billion into its New England network, including over $292 million in 2007 alone.

BroadbandAccess offers computer users the nation's most reliable high- speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps over Verizon Wireless' BroadbandAccess with EV-DO Revision A network. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones.

Strong demand for Verizon Wireless services continued during the fourth quarter of 2007 as the company added two million net new customers and, for the thirteenth consecutive quarter, reported the lowest customer turnover (highest customer loyalty) rate in the wireless industry.

The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "can you hear me now" national advertising campaign. Nationally, these test men and women drive nearly 100 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways as well as major roads and surface streets in high- population areas, based upon U.S. Census counts, to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

About Verizon Wireless

BroadbandAccess speed claim is based on stationary tests with 5 MB FTP data files w/o compression and requires compatible EV-DO Rev. A device. Actual throughput speed varies. BroadbandAccess is available to more than 240 million people in 248 major metros in the U.S. V CAST Music phone & per song charges required; airtime may apply for music downloads. Additional charges required for other V CAST services. Offers & coverage, varying by service, not available everywhere. Network details and coverage maps at vzw.com.

Verizon Wireless

CONTACT: Michael Murphy of Verizon Wireless, +1-781-932-1213,
Michael.Murphy@verizonwireless.com; or Anne Elise O'Connor of Thomson
Communications, +1-617-548-2765, Aeoc@thomsoncommunications.com, for Verizon
Wireless

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

NEC and NETGEAR Team to Develop an Integrated 3G Access Point for Femtocell Solution

LONDON and SANTA CLARA, Calif., Feb. 7 /PRNewswire-FirstCall/ -- NEC Corporation, a leading global provider of internet and broadband network solutions, and NETGEAR(R) Inc., a worldwide provider of technologically advanced, branded networking solutions, today announced that NETGEAR(R) Inc. and NEC Europe Limited, a subsidiary of NEC Corporation, are collaborating to develop an Integrated 3G Access Point that will be incorporated within NEC's Femtocell Solution offering.

NEC provides complete end-to-end solution offering for operators that includes a 3G Femtocell Access Point, Femtocell Gateway, and Access Point Management and Provisioning System. NEC offers a choice of 3G Femtocell Access Points - NETGEAR's Femtocell Voice Gateway (DVG834GH) will form a part of NEC's growing portfolio of multi-vendor Access Points based on standard interfaces. The NETGEAR DVG834GH supports Iu-over-IP and SIP interface. The Iu-over-IP interface between the Access Point and the Femtocell Gateway is derived from the existing 3GPP GAN (Generic Access Network) standard with minor extensions which are currently under consideration for standardisation. NETGEAR's DVG834GH supports a standard 3GPP compliant air interface, enabling the end user to make or receive calls using their existing 3G handset. The NETGEAR DVG834GH will interoperate with and will be managed and provisioned by the NEC Access Point Management and Provisioning system based on the TR-069 standard specifications.

NETGEAR's DVG834GH includes a comprehensive residential gateway with integrated ADSL2+ modem, router, 10/100 wired LAN switch, 802.11g wireless access point, Voice over-IP (VoIP), SPI double firewall, and a 3G mobile access point based on WCDMA technology. The NETGEAR DVG834GH will enable mobile operators to extend and improve 3G coverage and capacity in a home and/or small office environment, as well as provide seamless access to advanced home networking services via the existing 3G handsets.

Anil Kohli, Director of Global Femto Competence Centre at NEC Europe commented: "We are delighted to work with NETGEAR to offer their innovative femtocell product as part of our market-leading Femtocell Solution. The global market for femtocells is set to grow massively, with some forecasts predicting several million femtocells deployed by 2011. With this collaboration, NEC and NETGEAR are addressing a key segment of the market which demands a femtocell integrated with a residential gateway."

David James, NETGEAR's director of product marketing for service provider markets, added: "Aligning our product within the NEC ecosystem enables us to leverage NEC's recognized market leadership in this area. We are very excited to have our innovative product adopted by NEC and anticipate an enthusiastic response to our combined solution from the operator community."

About NEC Corporation

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

About NETGEAR(R), Inc.

NETGEAR(R) designs technologically advanced, branded networking solutions that address the specific needs of small and medium business and home users. The Company's product offerings enable users to share Internet access, peripherals, files, digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. As an ENERGY STAR(R) partner, NETGEAR offers products that prevent greenhouse gas emissions by meeting strict energy-efficiency specifications set by the U.S. government. NETGEAR is headquartered in Santa Clara, Calif. For more information, visit the company's Web site at http://www.netgear.com/ or call (408) 907-8000.

(C) 2008 NETGEAR, Inc., NETGEAR(R), and the NETGEAR logo are trademarks or registered trademarks of NETGEAR, Inc in the United States and/or other countries. Other brand and product names are trademarks or registered trademarks of their respective holders. Information is subject to change without notice. All rights reserved. Actual data throughput will vary from maximum signal rates stipulated. Network conditions and environmental factors, including volume of network traffic, building materials and construction, and network overhead, lower actual data throughput.

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

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning the development of future NETGEAR products interoperating with the NEC Femtocell Gateway and the expected performance characteristics, specifications, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR's Femtocell Voice Gateway (DVG834GH), products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the development of NETGEAR products that interoperate with NEC Femtocell Gateway may be unsuccessful or may be delayed; NETGEAR or NEC Corporation may choose not to proceed with the planned agreement if there are technological difficulties or if there is no market demand for such products, the actual price, performance and ease of use of NETGEAR's Femtocell Voice Gateway (DVG834GH) may not meet the price, performance and ease of use requirements of customers, product performance may be adversely affected by real world operating conditions, new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR's products, the ability of NETGEAR to market and sell its products and technology, the impact and pricing of competing products and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Part II - Item 1A. Risk Factors," pages 27 through 38, in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2007, filed with the Securities and Exchange Commission on November 9, 2007. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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

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

CONTACT: Chris Shimizu of NEC Europe Ltd., +44 20 8752-2794,
chris.shimizu@eu.nec.com; or Mairi Drysdale of Hotwire PR for NEC Europe, +44
20 7608-2500, mairi.drysdale@hotwirepr.com; Technology & Channel Media, Ken
Hagihara of Integrity Public Relations, +1-949-768-4423 ext 801,
ken@integritypr.net; or Other Media, Lisa Hawes of Sterling Communications,
+1-408-884-5155, lhawes@sterlingpr.com, both for NETGEAR

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

AT&T Solution Supports Centralized Network for Ammeraal Beltech

SKOKIE, Ill., Feb. 7 /PRNewswire-FirstCall/ -- AT&T Inc. has announced a new contract to deliver an advanced networking solution to Ammeraal Beltech, one of the global market leaders in process and conveyor belts. Ammeraal Beltech has production facilities in six countries, assembly facilities in more than 20 countries and an extensive distribution network in 85 countries.

Under terms of the three-year contract, AT&T will serve as the primary network and data services provider for Ammeraal Beltech and will deliver a new Virtual Private Network (VPN) solution to 11 domestic locations. The AT&T solution will support a centralized network with consistent service and reliable availability for Ammeraal Beltech.

With the improved bandwidth of the VPN solution, AT&T will meet the company's demand for fast and efficient data traffic of business-critical corporate information among facility locations. The robust and secure Internet Protocol (IP)-based network will also satisfy corporate and networking demands, such as interoffice collaboration, and it will provide scalability for the future implementation of Voice over Internet Protocol (VoIP). The new network services will also help reduce Ammeraal Beltech's overall monthly costs while maintaining a superior standard of network performance.

"We needed a reliable, centralized networking solution to meet our demand for quick and efficient data transfer among our company's 11 domestic facilities," said Robert Vodick, U.S. information technology manager, Ammeraal Beltech. "The cost-effective VPN solution provided by AT&T not only improves our efficiencies and security but also offers the flexibility to implement innovative technologies and resources in the future."

The VPN solution uses AT&T's Multiprotocol Label Switching (MPLS) network and provides a safe, fully private and converged network. Also included is the use of the AT&T BusinessDirect(R) Web portal for personalized, secure, anytime access to detailed information regarding critical network services. With the AT&T BusinessDirect portal, Ammeraal Beltech will also be able to view, analyze and pay its bill online.

Note: This AT&T release and other news announcements are available as part of an RSS feed at http://www.att.com/rss.

About Ammeraal Beltech

Ammeraal Beltech (http://www.ammeraal-beltechusa.com/) is one of the global market leaders in process and conveyor belts with production facilities in six countries, assembly facilities in over 20 countries and an extensive distribution network in 85 countries. The company's strategy is directed at being an overall supplier for its customers by offering a complete range of belts and services. The specific product expertise and innovative power of uni-chains, combined with Ammeraal Beltech's global network and customer base, will facilitate the growth plans. From now on, customers will have a supplier with a full range of process and conveyor belts and services.

About AT&T

(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

AT&T Inc.

CONTACT: Bryan Blaise of AT&T Inc., +1-312-932-2831, bblaise@attnews.us

Web site: http://www.att.com/
http://www.att.com/newsroom
http://www.ammeraal-beltechusa.com/

2K Play and Nickelodeon Launch Go, Diego, Go!: Safari Rescue, First-Ever Wii(TM) Game Specifically Designed and Engineered for PreschoolersNintendo World Event in New York to Offer 'Sneak Peak' of Groundbreaking Go, Diego, Go! Themed Game

NEW YORK, Feb. 7 /PRNewswire/ -- 2K Play, a publishing label of Take-Two Interactive Software, Inc. , and Nickelodeon, the number one entertainment brand for kids, today announced that Go, Diego, Go!: Safari Rescue(TM) for the Wii(TM) home video game system and PlayStation(R)2 computer entertainment system will be available at retailers in North America beginning on February 12, 2008. The title represents 2K Play's first Wii game engineered specifically for preschoolers and is based on extensive Nickelodeon in-home research that focused on how to best match the abilities and needs of younger children with the capabilities of the platform.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080207/NYTH055 )

To celebrate the game's launch, 2K Play, Nickelodeon, and Nintendo(R) World will host a special sneak preview for families in the New York area. The event will be held on Saturday, Feb. 9, 2008 at the Nintendo World Store in New York City's Rockefeller Center from 12 to 4 pm.

"For Go, Diego, Go!: Safari Rescue, we've created an entirely new interactive experience for preschoolers that is only possible on the Wii," said Steve Lux, Vice President of Business Development for 2K Play. "Nickelodeon's intensive study of how two through six-year-olds experience the new technologies offered by the Wii helped us create an all-new play pattern that extends beyond current games. Physical activity is an integral part of the fun and the new title is perfectly suited for the younger gamer."

"We are thrilled to combine the fun and adventure of our top-rated Diego property with true gaming innovation for the Wii," said Steve Youngwood, Executive Vice President, Digital Media for Nickelodeon/MTVN Kids and Family. "By combining Nickelodeon's kid expertise with 2K Play's creativity, we have engineered a game that allows preschoolers to develop their playing skills by turning up the fun, building confidence and bringing parents and older siblings into the gameplay experience."

Based on Nickelodeon research with preschoolers and their families to determine how the platform's motion-play capabilities are absorbed by younger children, Go, Diego, Go!: Safari Rescue was designed with 13 intuitive Wii- centric motions that maximize the engineering of the Wii Remote(TM) for a preschooler. Taking on the role of Diego in a race across Africa, gamers stomp to scare away lions, jump with Baby Jaguar, paint stripes on zebras, climb up ladders and swim across the jungle river by mimicking those actions with the Wii Remote.

Research findings show that parents often chose to stay in the room and participate in gameplay; accordingly, the game has a unique feature which allows parents to collaborate with younger gamers by using the special Safari Guide Helper Feature and a second Wii Remote. Preschoolers can, by themselves, help Diego blow up a hot air balloon by pumping up and down, but their actions are enhanced with speed and vibrant animations when assisted.

Also available on February 12 is 2K Play's Dora the Explorer: Dora Saves the Mermaids(TM) for the PlayStation 2 system. In the new title, Dora and Boots need help bringing a Magic Crown to Marianna the Mermaid. By swinging, sliding and bouncing through the game, players travel over tropical land and sea to save Mermaid Kingdom. Along the way, Dora magically becomes a mermaid herself.

The Go, Diego, Go!: Safari Rescue and Dora the Explorer: Dora Saves the Mermaids games feature the same voice actors as the popular Nick Jr. TV shows. In addition to pre-development research, the games were also tested by children and moms for age-appropriateness, fun factor and overall quality. The packaging on both titles features a "Kid-Tested" seal.

Go, Diego, Go!: Safari Rescue was developed by High Voltage and will be available for the Wii for a suggested retail price of $39.99 and the PlayStation 2 system for $29.99. Dora the Explorer: Dora Saves the Mermaids was developed by Totally Games and will be available for the PlayStation 2 system for a suggested retail price of $29.99. All games are rated E for Everyone. For more information, please visit http://www.2kgames.com/2kplay.

A national marketing program will support the games' launch, which will include TV commercials on Nick Jr., Toon Disney, and Treehouse; print advertising in Nick Jr. Magazine; and web support and cross-promotions with Nickelodeon licensees.

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc., is a global developer, marketer, distributor and publisher of interactive entertainment software games for the PC, PLAYSTATION(R)3 and PlayStation(R)2 computer entertainment systems, PSP(R) (PlayStation(R)Portable) system, Xbox 360(R) and Xbox(R) video game and entertainment systems from Microsoft, Wii(TM), Nintendo GameCube(TM), Nintendo DS(TM) and Game Boy(R) Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K Games, 2K Sports and 2K Play, and distributes software, hardware and accessories in North America through its Jack of All Games subsidiary. Take-Two's common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information, please visit our website at http://www.take2games.com/.

About Nickelodeon

Nickelodeon, in its 28th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon's U.S. television network is seen in almost 96 million households and has been the number-one- rated basic cable network for more than 13 consecutive years. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. .

"PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc.

All trademarks and copyrights contained herein are the property of their respective holders.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements based on a variety of factors. These risks and uncertainties include the matters relating to the Special Committee's investigation of the Company's stock option grants and the restatement of our consolidated financial statements. The investigation and conclusions of the Special Committee may result in claims and proceedings relating to such matters, including previously disclosed shareholder and derivative litigation and actions by the Securities and Exchange Commission and/or other governmental agencies and negative tax or other implications for the Company resulting from any accounting adjustments or other factors. Other important factors are described in the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2007, in the section entitled "Risk Factors."

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080207/NYTH055
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN7
PRN Photo Desk, photodesk@prnewswire.com Nickelodeon

CONTACT: Penny Armstrong, 2K Play, +1-646-536-2879,
Penny.Armstrong@take2games.com; Meg Maise, Take-Two Interactive Software,
Inc., +1-646-536-2932, meg.maise@take2games.com ; Jonathan Finn,
+1-212-846-4082, jonathan.finn@nick.com, or Joanna Roses, +1-212-846-7326,
joanna.roses@nick.com, both of Nickelodeon; or Jennifer Campbell, Access
Communications for 2K Play, +1-415-844-6255, jcampbell@accesspr.com

Web site: http://www.nick.com/
http://www.take2games.com/

Faraway Valentine's Day Getaways Closer Than You ThinkExplore American Towns Sharing Names With The World's Most Romantic Cities

LOS ANGELES, Feb. 7 /PRNewswire-FirstCall/ -- Love is in the air -- and so are affordable homes! So if you can't fly to Paris, France this Valentine's Day, take your sweetheart to Paris, Texas or one of the other towns sharing names with the world's most romantic cities. At Find a Neighborhood on REALTOR.com(R) http://neighborhoods.realtor.com/, dreamers can explore these and other romantic-sounding destinations this Valentine's Day -- and maybe even find your next home.

Paris, TX -- It's not the sizzling City of Lights, but this town is home to the "Second Largest Eiffel Tower in the Second Largest Paris." Located in the Red River Valley just 98 miles northeast of Dallas-Ft. Worth, this Paris isrich in culture, recreation, and Texan hospitality. With 405 homes listed for sale on REALTOR.com, an average home price of just $84,000, and high "family-friendly" and "hip factor" ratings, it's a great place to live as well as a unique place to visit. http://neighborhoods.realtor.com/TX/Paris/Paris/422515/Summary

Rome, GA -- Now you can buy a home in Georgia's Rome, a community with more than 1000 homes listed on REALTOR.com with the average home price of just $95,000 "The Eternal City" in Italy is the inspiration for the name of this bucolic Georgian city situated at the convergence of three rivers and built on seven hills. This Rome includes a replica of the statue of Romulus and Remus nursing from a mother wolf - a symbol of the original Rome. Southern charm mixes with metropolitan culture in this idyllic city. http://neighborhoods.realtor.com/GA/Rome/Rome/429712/Explore/

Venice, CA -- This bohemian beach town in West L.A. doesn't have gondolas like its Italian counterpart but does have canals with lovely surrounding walkways hidden in the heart of town. A colorful boardwalk full of artists and the romance of the Pacific Ocean make this American Venice "Magnifico!" After a romantic visit, you might just want to stay. If so, choose from 135 homes listed for sale on REALTOR.com at an average price of $1.3 million. http://neighborhoods.realtor.com/CA/Los-Angeles/Venice/478266/Summary

Seville, OH -- Take a stroll down the romantic walkways of the beautiful Spanish city of Seville, or meander to its namesake in Ohio and enjoy gently rolling farm land, lovely New England-style homes and rich historical sites. Nestled in Southern Medina County, Seville, OH residents enjoy rural-suburban living and the urban benefits of nearby Akron and Cleveland. Falling in love with Seville is easy -- and so is finding a great home here. Choose from one of the 98 listings on REALTOR.com. With an average home price of just $122,000, the price is right. http://neighborhoods.realtor.com/OH/Seville/Seville/446050/Summary

Discover more about your favorite romantic-sounding town at http://neighborhoods.realtor.com/ on REALTOR.com, the #1 online real estate[1] site powered by Move.

ABOUT REALTOR.COM(R)

Realtor.com -- "Where the world shops for real estate online" -- is operated by Move, Inc., and is the official Web site of the National Association of REALTORS. Ranked as the No. 1 homes-for-sale site, REALTOR.com(R) currently offers potential home buyers access to over four million property listings as well as the most brokers and agents to contact. The site also provides REALTORS and the home sellers they represent with the Internet's largest real estate marketplace, reaching more than 4.4 million consumers in December 2007[1]. Agents and companies have the power to customize the resources of the REALTOR.com Web site to maximize their brand and productivity. The REALTOR.com Web site (http://www.realtor.com/) is operated by Move, Inc. .

REALTOR(R) and REALTOR.com(R) are registered trademarks of the NATIONAL ASSOCIATION OF REALTORS(R). REALTOR(R) is a federally registered collective membership mark, which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS(R) and subscribes to its strict Code of Ethics. All other trademarks appearing above are the property of Move, Inc., or of their other respective owners.

ABOUT MOVE, INC.

Move, Inc., , the leader in online real estate, is the essential resource for consumers seeking the information and connections they need before, during and after a move. Move, Inc., operates Move.com(TM) (http://www.move.com/), a leading destination for information on new homes and rental listings, moving resources, home and garden and home finance; REALTOR.com(R) (http://www.realtor.com/), the official Web site of the National Association of REALTORS(R); Welcome Wagon(R) (http://www.welcomewagon.com/); Moving.com; SeniorHousingNet(TM); TOP PRODUCER(R) Systems; FactoryBuiltHousing.com; and Home Plans. Move, Inc., is based in Westlake Village and employs more than 1600 individuals throughout North America. For more information: http://www.move.com/.

This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

[1] comScore Media Metric December 2007

Move, Inc.

CONTACT: Julie Reynolds of Move, Inc., +1-818-264-5594,
julia.reynolds@move.com; or Karina Carretero of Edelman, +1-323-202-1899,
karina.carretero@edelman.com, for Move, Inc.

Web site: http://www.move.com/
http://www.realtor.com/

No Omnicom Convertible Notes Due 2031 Put For Repurchase

NEW YORK, Feb. 7 /PRNewswire-FirstCall/ -- Omnicom Group Inc. announced today that none of its $847 million of outstanding Liquid Yield Option Notes(TM) due 2031 had been put to Omnicom for repurchase.

Omnicom Group Inc. (http://www.omnicomgroup.com/) is a leading global marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.

Omnicom Group Inc.

CONTACT: Randall Weisenburger +1-212-415-3393, for Omnicom Group Inc.

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

Saugus, Massachusetts Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

SAUGUS, Mass., Feb. 7 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Essex County, Verizon Wireless has activated a new cell site. The new site increases high-speed wireless data coverage and capacity along Lincoln Avenue and Essex Street in the Cliftondale section of Saugus, as well as the surrounding area.

About Verizon Wireless

Verizon Wireless

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

STMicroelectronics Combines ESD Protection and EMI Filtering in Industry's Smallest PackagesEMIF01 and EMIF02 deliver small footprint and best-in-class performance for single- and dual-line applications

GENEVA, Feb. 7 /PRNewswire-FirstCall/ -- STMicroelectronics , a leader in protection circuits for wireless, digital consumer, and industrial applications, today announced new devices that combine EMI filtering and ESD protection in a single ultra-compact package, enabling system designers to implement both functions within a footprint of 0.6mm2. Until now, the smallest available components have required this much board space for ESD protection alone.

Two new devices have been announced, meeting IEC61000-4-2 level 4 for ESD protection and also having low line-to-ground capacitance of 30pF to preserve high-speed signal integrity. Filter characteristics include high attenuation in the GSM band, enabling enhanced performance when protecting the keypad, side keys, external connectors or data lines in smart phones, PDAs, portable computers, PC peripherals and M2M communication modules.

The smallest component introduced is the EMIF01-1003M3 for single-line applications. Its 0.6mm-high SOT883 package matches the 1.0 x 0.6mm footprint of the smallest alternative devices, which provide ESD protection only. This new product eliminates the need for a separate filter, reducing PCB area by at least 55% for a typical 23-key keyboard application.

The EMIF02-1003M6 is a two-channel device in a 1.0 x 1.45mm Micro QFN 6-lead package, and is at least 45% smaller than competitive devices that combine protection and filtering. The low mounted height of 0.55mm further enhances low-profile design in advanced consumer products.

In addition to saving board space and simplifying layout, integrating protection and filtering functions into these two new devices also reduces assembly time and component-mounting costs while improving product reliability.

Both devices achieve 15kV air discharge and 8kV contact discharge, in accordance with the IEC61000-4-2 specification. Clamping performance is also robust thanks to the internal Pi-protection structure, with 9V clamping voltage for the EMIF01 and 17V for the EMIF02, when subjected to a 15kV ESD strike. This performance is necessary to protect leading-edge products built from using sensitive CMOS circuits using deep sub-micron process geometries. Low series resistance of 100 Ohms and leakage current of 100nA also minimize energy losses during normal circuit operation.

The EMIF01-1003M3 and EMIF02-1003M6 are available now, in units of 100,000 upwards, at a price of $0.09 and $0.15, respectively.

About STMicroelectronics

STMicroelectronics

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

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

Roslindale, Massachusetts Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

ROSLINDALE, Mass., Feb. 7 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Suffolk County, Verizon Wireless has activated a new cell site. The new site increases high- speed wireless data coverage and capacity along Washington Street in Roslindale, as well as the surrounding area.

About Verizon Wireless

Verizon Wireless

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

Verizon Communications Announces Common Stock Repurchase Authorization for Up to 100 Million Shares

NEW YORK, Feb. 7 /PRNewswire/ -- Verizon Communications Inc. announced today that its Board of Directors has authorized the corporation to repurchase up to 100 million shares of its common stock.

The board also determined that no additional shares may be acquired under a previously approved program to repurchase up to 100 million shares. Under the previous program, which was due to end Feb. 28, 2010, approval remained to purchase approximately 30 million shares.

Approximately 2.9 billion shares of Verizon common stock are outstanding.

Under the plan approved today by the board, Verizon's senior officers have the option to repurchase shares for the corporation over time in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases depending on market conditions and corporate needs. The company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization.

The authorization to repurchase shares terminates when the aggregate number of shares repurchased reaches 100 million or at the close of business on Feb. 28, 2011, whichever is earlier.

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/.

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

Verizon Communications Inc.

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

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

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

American Stock Exchange Lists the Common Stock of Wizzard Software Corporation

NEW YORK, Feb. 7 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today lists the common stock of Wizzard Software Corporation under the ticker symbol WZE.

Located in Pittsburgh, PA, Wizzard is an internet podcasting company that provides hosting, advertising and other services to new media publishers on the internet.

"We are very pleased to welcome Wizzard Software Corporation to the American Stock Exchange," said Neal Wolkoff, Chairman and CEO, of Amex. "In listing at the Amex, we will be able to offer Wizzard Software the value-added services that a growing company needs to succeed in today's competitive market."

"One of our Company's primary goals for the last three years has been to move to the American Stock Exchange," said Chris Spencer, CEO of Wizzard. "This is a great day for our shareholders and puts us in position to increase shareholder value."

The specialist for Wizzard Software Corporation is J. Streicher & Co., LLC. For further information on WZE and other Amex-listed companies, please visit http://www.amex.com/.

About American Stock Exchange

The American Stock Exchange(R) (Amex(R)) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 385 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/.

American Stock Exchange

CONTACT: Catherine Chantharaj of American Stock Exchange,
+1-212-306-1689, catherine.chantharaj@amex.com

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

Chichester, New Hampshire Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

CHICHESTER, N.H., Feb. 7 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Merrimack County, Verizon Wireless has activated a new cell site. The new site increases high-speed wireless data coverage and capacity in Chichester, New Hampshire and the surrounding area.

About Verizon Wireless

Verizon Wireless

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

NeuStar to Host Inaugural Analyst Day at New York Stock ExchangeLive and Archived Webcast and Conference Call Available

STERLING, Va., Feb. 7 /PRNewswire-FirstCall/ -- NeuStar today announced that it will host its first Analyst Day at the New York Stock Exchange on Wednesday, February 20, 2008. The event will begin promptly at 8:00 a.m. (ET) in the NYSE's Luncheon Club Room, which is located on the seventh floor of 2 Broad Street in New York City.

The agenda summary is as follows: -- 8:00 - 8:30 a.m.: Check-in and continental breakfast -- 8:30 - 11:30 a.m.: Presentations/Q&A -- 11:30 a.m. - 12:00 p.m.: Wrap-up Q&A -- 12:00 - 1:00 p.m.: Lunch with NeuStar executives (optional; separate RSVP required)

Presentations will be made by the following members of NeuStar's executive staff, along with other NeuStar service group leaders:

-- Jeff Ganek, Chairman and Chief Executive Officer -- Lisa Hook, President and Chief Operating Officer -- Jeff Babka, Senior Vice President and Chief Financial Officer -- Mark Foster, Senior Vice President, Chief Technology Officer

Since seating will be limited, security analysts and portfolio managers interested in attending should request an invitation from Pierre Hirsch of Kalt Rosen Group/Ruder Finn at 415-692-3060 or Brandon Pugh, NeuStar's Director Finance - Investor Relations at 571-434-5659. The invitation will provide further details and RSVP requirements.

The event will also be webcast live, and will be accessible from the Investor Relations tab on the NeuStar website at http://www.neustar.biz/. An archive of the webcast will be available for two weeks after the event.

About NeuStar, Inc.

NeuStar is a provider of clearinghouse and directory services to the global communications and Internet industry. Visit NeuStar online at http://www.neustar.biz/.

NeuStar, Inc.

CONTACT: Investor Relations: Brandon Pugh, +1-571-434-5659,
brandon.pugh@neustar.biz, or Media: Marc Abshire, +1-571-434-5151,
marc.abshire@neustar.biz, both of NeuStar, Inc.

Web site: http://www.neustar.biz/

Pro-Dex Inc. Announces Fiscal 2008 Second Quarter Financial Results Conference Call and Webcast

SANTA ANA, Calif., Feb. 7 /PRNewswire-FirstCall/ -- PRO-DEX, INC. invites shareholders and investors to listen to a broadcast review of the Company's fiscal 2008 second quarter financial results, and a discussion of the outlook for the third quarter.

The call is scheduled to be broadcast live over the Internet on Thursday, February 14, 2008 at 4:30 p.m. Eastern Time and may be accessed by visiting the Company's website at http://www.pro-dex.com/. Mark Murphy, Chief Executive Officer and Jeff Ritchey, Chief Financial Officer, plan to host the call. If you would like to join the call, dial (866) 323-3543 U.S. and (706) 679-0672 International, conference I.D. 34459746. You may identify the call as the Pro-Dex Second Quarter Earnings Call.

An online archive of the broadcast will be available within one hour of the completion of the call and will be accessible on the Company's website for 30 days. Additionally, a telephone replay will be available 2 hours after the call for 48 hours by dialing (800) 642-1687 U.S. or (706) 645-9291 for international callers, conference ID number 34459746.

Pro-Dex Inc., with operations in Santa Ana, California; Beaverton, Oregon and Carson City Nevada, specializes in bringing speed to market in the development and manufacture of technology-based solutions that incorporate embedded motion control, miniature rotary drive systems and fractional horsepower DC motors, serving the medical, dental, semi-conductor, scientific research and aerospace markets. Pro-Dex's products are found in hospitals, dental offices, medical engineering labs, scientific research facilities and high tech manufacturing operations around the world.

For more information, visit the Company's website at http://www.pro-dex.com/.

Statements herein concerning the Company's plans, growth and strategies may include 'forward-looking statements' within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward- looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.

Pro-Dex Inc.

CONTACT: Mark Murphy, Chief Executive Officer of Pro-Dex Inc.,
+1-714-241-4411; or Jeff Stanlis, Investor Relations of Hayden Communications,
Inc., +1-602-476-1821, for Pro-Dex Inc.

Web site: http://www.pro-dex.com/

ProLogis Releases New Research Report on Internet Retailing in the UK

DENVER, Feb. 7 /PRNewswire-FirstCall/ -- ProLogis , the world's largest owner, manager and developer of distribution facilities, today released a new research report entitled, "Internet Retailing -- Opportunities and Challenges for the UK's Distribution Property Markets."

The report offers an in-depth examination of the impact Internet retailing, one of the fastest growing sales channels in the United Kingdom, is having on merchandisers and their distribution center strategies. Driven by improvements in security and reliability as well as better customer service and delivery schedules from retailers, online sales grew 370 percent from 2002 to 2006 and are expected to nearly double to pounds Sterling 37 billion by 2011.

"As Internet sales continue to grow, retailers will need to think very carefully about their strategies for managing home delivery and, in turn, their warehousing requirements," said Leonard Sahling, first vice president of research for ProLogis. "The success of any retailer's e-commerce strategy will depend on how effectively it can deliver the right goods, on time, to customers. As such, we expect to see an increase in demand for warehouse space near major urban centers that offer good road connections and access to strong labor pools."

The report concludes that as more retailers offer online services, the amount of warehouse space needed to accommodate future sales will be immense. The size and location of the distribution facilities will vary based on the volume, type of goods being delivered and the proximity of the retailer's customer base, as well as which supply chain model the retailer adopts. This can include direct delivery to the customer from the store; direct delivery from a national or regional distribution center; or outsourced deliveries handled by third-party logistics providers.

"The multi-channel retail sales environment has become exceptionally competitive," said Sahling. "Retailers must think very carefully about the best way to configure their online distribution strategies and make sure they make the right property choices that fit their business needs."

Looking ahead, the report projects that the greatest potential beneficiaries of the growth in online sales are likely to be warehousing and light assembly centers ranging from 10,000 square feet to 50,000 square feet and local distribution platforms of less than 20,000 square feet in major urban catchments.

The report was commissioned by ProLogis and authored by Sally Bruer, an associate in the research department at Gerald Eve Chartered Surveyors in London. Her findings are based on research and surveys from the Office of Fair Trading, the Office for National Statistics, Forrester Research and Snow Valley, an e-commerce consultancy.

ProLogis' Global Research Department monitors, analyzes and reports on key trends and dynamics in both real estate and supply-chain management, drawing from industry data and primary research conducted by company analysts and a network of affiliated academics and other professionals. Past issues of the Supply Chain Review have focused on warehouse voice recognition systems, RFID technology, offshore outsourcing and other related topics.

For a copy of the report on Internet Retailing in the UK or other reports, please click on the following link: http://www.prologisresearch.com/internetretailing.

About ProLogis

ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 118 markets across North America, Europe and Asia. The company has $36.3 billion of assets owned, managed and under development, comprising 508.8 million square feet (47.3 million square meters) in 2,766 properties as of December 31, 2007. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs more than 1,500 people worldwide. For additional information about the company, go to http://www.prologis.com/.

ProLogis

CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434,
msheahan@prologis.com; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, sdawson@lakpr.com, for ProLogis; or Investors, Melissa
Marsden of ProLogis, +1-303-567-5622, mmarsden@prologis.com

Web site: http://www.prologis.com/
http://www.prologisresearch.com/internetretailing

Hot, Hotter, Hottest!'The Girls Next Door' Featured on Three Sizzling Versions of Playboy's March CoverHolly, Bridget and Kendra Top the List of Playboy's 25 Sexiest Celebrities

NEW YORK, Feb. 7 /PRNewswire-FirstCall/ -- Playboy magazine spotlights the world's 25 Sexiest Celebrities in its annual March Sex and Music issue, and awards its "Sex Stars of The Year" title to Holly Madison, Bridget Marquardt and Kendra Wilkinson, the stars of E!'s hit series "The Girls Next Door."

The issue will mark the girls' third "Sexiest Celebrities" appearance and third Playboy cover. To celebrate this milestone, Playboy is offering three different versions of its March cover. All feature the girls in various stages of undress, with subscribers receiving a collector's edition nude cover, domestic newsstands featuring the girls in lingerie, and Playboy's international fans seeing their favorite reality TV stars in a topless version (issue on newsstands and at http://www.playboydigital.com/ Friday, February 8; all three versions of the magazine are available at http://www.playboystore.com/).

Playboy's 25 Sexiest Celebrities feature celebrates today's hottest stars with a 10-page pictorial that includes Jennifer Love Hewitt, Britney Spears, Jessica Alba, Scarlett Johansson and Christina Aguilera. Holly, Bridget, and Kendra were fan favorites because of their sex appeal and international success.

Also included on Playboy's 25 Sexiest Celebrities list are (in order of appearance):

Sara Jean Underwood Pam Anderson Jenny McCarthy Eva Mendes Cindy Margolis Britney Spears Angelina Jolie Cameron Diaz Carmen Electra Beyonce Kim Kardashian Vida Guerra Jessica Alba Christina Aguilera Jennifer Love Hewitt Tyra Banks Scarlett Johansson Monica Bellucci Denise Richards Jessica Simpson Alicia Keys Jessica Biel Rose McGowan Adrianne Curry

Playboy

CONTACT: Lauren Melone, +1-212-261-4976, lmelone@playboy.com, or Theresa
Hennessey, +1-312-373-2444, theresah@playboy.com, both of Playboy

Web site: http://www.playboydigital.com/
http://www.playboystore.com/

Network Enhancements Give Verizon Wireless Customers in Platte County Something to Talk AboutVerizon Wireless Activates New Cell Site in Weston

KANSAS CITY, Mo., Feb. 7 /PRNewswire/ -- Verizon Wireless, the only major carrier with a 30-day network test-drive pledge that pays for calls if a customer isn't satisfied and switches to another carrier, announced today it has activated a new cell site in Weston, Mo.

This network enhancement improves coverage and enables more Verizon Wireless customers living in and visiting the area to use their wireless phones to make calls; send and receive email and text, picture and video messages; and download games and ringtones while enjoying clearer reception and fewer dropped calls.

Residents and visitors to Weston will enjoy network improvements along State Highway P and State Highway JJ, as far east as State Highway 371 and as far west as South Bluff Road. These enhancements will also improve coverage for travelers along Highway H as far north as Burrus Road, and visitors to Weston Bend State Park as far south as Beverly Drive.

"This network enhancement reflects our ongoing commitment to meet the growing needs of our customers and to provide them with the reliable, high quality service they expect from Verizon Wireless," said Lou Sigillo, president -- Kansas/Missouri Region for Verizon Wireless.

Reliable service is fundamental to customer loyalty, and Verizon Wireless boasts the highest customer loyalty in the industry, as measured by the company's low percent of customer turnover.

"The value we offer our customers is closely tied to our industry-leading customer retention," Sigillo said. "Wireless consumers today understand value is not defined by price alone. A major reason our customers choose Verizon Wireless and stay with us is because we offer the nation's most reliable network."

This new cell site is part of Verizon Wireless' continual effort to expand coverage, improve capacity and enhance the quality of its wireless voice and data network in Missouri, Kansas and throughout the country. Verizon Wireless has invested more than $40 billion since it was formed -- more than $5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 65.7 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: Cheryl Bini Armbrecht, Cheryl.Bini@verizonwireless.com, or
Brenda Hill, Brenda.Hill@verizonwireless.com, both of Verizon Wireless,
+1-314-920-4444; or Jessica Spencer-Gardner, +1-913-660-9638,
jsgardner@morningstarcomm.com, for Verizon Wireless

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

Verizon Wireless Expands Wireless Broadband Network in Ohio to Portions of Carroll CountyHigh-Speed Network Gives Verizon Wireless Customers Access to Fast Wireless Internet, E-mail, Mobile Music, Videos, and More

DELLROY, Ohio, Feb. 7 /PRNewswire/ -- Verizon Wireless announced today that it has expanded the national rollout of its high-speed wireless network to portions of Carroll County including:

-- Dellroy; -- State Route 39 from East Lakeside Road east to Royal Road SW; -- Glendale Road SW from State Route 39 north to Avalon Road SW; -- County Roads 20/29 from State Route 542 to just north of Avalon Road SW; -- State Route 542 from County Road south to State Route 39.

"Ohio is home to many vital markets with dynamic, tech-savvy business people, students, visitors, and residents who want to stay connected," said Roger Tang, president -- Ohio/Pennsylvania/West Virginia region, Verizon Wireless. "The launch of our broadband network in Dellroy and the surrounding area provides our customers with access to the very latest wireless technology."

With the wireless broadband network now available, Verizon Wireless customers in the area can enjoy two prime services:

-- BroadbandAccess, the enhanced high-speed wireless service that equips Verizon Wireless' business customers with a truly untethered mobile office experience, enabling them to wirelessly access their calendars, the Internet, e-mail, and critical business information residing behind their companies' firewalls; and -- V CAST, a consumer-oriented multimedia service that gives customers access to the most comprehensive selection of downloadable music, high-quality videos and the coolest 3D games found anywhere. BroadbandAccess

Based on Evolution-Data Optimized Revision A (EV-DO Rev. A) network technology, BroadbandAccess provides mobile workers with the ability to access their corporate information as if they were attached to this data via a high-speed wired connection but with the freedom of true mobility. Developed with a range of users in mind, the service enables large enterprises, small- to medium-sized businesses and mobile professionals to conduct business anytime, anywhere in the BroadbandAccess coverage area via a secure, true high-speed data connection.

With BroadbandAccess, business customers, residents and visitors to Dellroy and the surrounding area can expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps. That means they can download a 1 Megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same-sized file in less than 13 seconds.

BroadbandAccess also enables Verizon Wireless customers to download files approximately 10 times faster than customers of wireless service providers that use different broadly deployed network technologies. Furthermore, customers who travel outside the enhanced BroadbandAccess coverage area with an EV-DO device will switch seamlessly to the company's NationalAccess service.

"Our enhanced BroadbandAccess service gives our customers three key advantages in wireless communication -- speed, mobility and security," Tang said. "With these advantages comes an increase in productivity and bottom-line business benefits."

V CAST: Video and Music

The company's wireless broadband network also enables its V CAST multimedia services, which offer customers the ability to download full-song tracks, play cutting-edge 3D games and stream video clips straight to their handsets with top transmission speeds. With content updated daily, customers can watch dozens of on demand videos, including breaking news, weather updates, sports highlights, and the hottest entertainment clips.

With V CAST Music, Verizon Wireless has built a massive full-song mobile music store that contains more than 2.5 million songs -- from well-known as well as independent artists -- that customers can download over-the-air, directly onto their V CAST Music-enabled wireless phones.

Investment

The multi-million dollar expansion includes the installation of high-tech wireless hardware and software in wireless transmission sites throughout the region. Verizon Wireless has invested nearly $44 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. Nearly $1.15 billion of this investment was spent in Ohio. In 2007, the company invested nearly $190 million in Ohio network improvements.

Verizon Wireless was the first national wireless provider to commercially launch a high-speed wireless broadband network in the United States.

For more information about Verizon Wireless products and services, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 65.7 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: Laura Merritt of Verizon Wireless, +1-614-560-2605,
Laura.Merritt@verizonwireless.com; or Laura Deaton, for Verizon Wireless,
+1-513-271-7222, Ext. 15, ldeaton@wordsworthweb.com

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

Fagerhult Group Selects Siemens PLM Software's Teamcenter 2007 as Its Corporate-Wide PLM Solution

PLANO, Texas and FAGERHULT, Sweden, Feb. 7 /PRNewswire/ -- Siemens PLM Software, a business unit of Siemens Industry Sector and a leading global provider of product lifecycle management (PLM) software and services, today announced that Fagerhult Group, a leading European supplier of professional lighting solutions, selected Teamcenter(R) 2007 as its corporate-wide PLM solution and will deploy the technology at global design centers in Sweden, England, and China.

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

"As a result of our long and successful business relationship with Siemens PLM Software, we are confident that Teamcenter will provide a major competitive advantage by enhancing our product development process through reduced time-to-market and improved product lifecycle management," said Emanuel Kantis, design manager at Fagerhult Group. "Fagerhult is a growing company that is focused on innovation. Teamcenter's market leading capabilities and scalability make it the perfect choice for our corporate-wide PLM Solution."

Teamcenter, the world's most widely used PLM portfolio, enables Fagerhult Group to share and coordinate design and product information at distributed design centers all over the world and manage all design and engineering data within a single PLM solution.

"The selection of Teamcenter as the corporate-wide PLM solution by an industry leading company like the Fagerhult Group is testament to Siemens PLM Software's ability to develop best-in-class PLM technology," said Arie van Essen, vice president and managing director of Nordics and Russia, Siemens PLM Software. "We are honored to continue our relationship with the Fagerhult Group and look forward to helping them enhance product development capabilities and bring more innovative and cost efficient products to market faster."

About Fagerhult Group

Fagerhult Group, with approximately 2,000 employees, is the largest lighting group in the Nordic region and a leading force in Europe. Fagerhult develops, manufactures and markets professional lighting systems for public environments as well as offering a range of decorative lighting. The group has sales companies in Sweden, Norway, Denmark, Finland, United Kingdom, Ireland, the Netherlands, France, Germany, Estonia, Poland, Russia, Dubai, Australia and China. Production facilities are located in Habo, Varberg, Falkenberg, Boras and Ahus in Sweden, Manchester in England, Melbourne in Australia and in Suzhou, China. The group, which includes Fagerhults Belysning, Atelje Lyktan, Belid, Fagerhult Retail, Elenco, Eagle Lighting, Project Lighting and Whitecroft Lighting, has a turnover of SEK 2,500 million. AB Fagerhult is quoted on the OMX Nordic Exchange in Stockholm, Mid Cap.

About Siemens PLM Software

Siemens PLM Software, a business unit of Siemens Industry Sector, is a leading global provider of product lifecycle management (PLM) software and services with 4.6 million licensed seats and 51,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software's open enterprise solutions enable a world where organizations and their partners collaborate through Global Innovation Networks to deliver world-class products and services. For more information on Siemens PLM Software products and services, visit http://www.siemens.com/plm.

About Siemens Industry Sector

The Siemens Industry Sector and its products and solutions address industry customers in the fields of production, transportation and building systems. The sector, newly formed on Jan. 1, 2008, is primarily comprised of the business activities of the former Siemens Groups A&D, I&S, SBT, Osram and TS. Approximately 209,000 employees currently work in the Industry Sector. The sector's businesses generated revenues of roughly euro 40 billion in fiscal 2007. Further information about the Siemens Industry Sector is available at http://www.siemens.com/industry.

Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. Teamcenter is a registered trademark of Siemens Product Lifecycle Management Software Inc. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.

Photo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO
PRN Photo Desk, photodesk@prnewswire.com Siemens PLM Software

CONTACT: Claudia Lanzinger of Siemens PLM Software, +49-6103-2065-510,
claudia.lanzinger@siemens.com

Web site: http://www.siemens.com/plm
http://www.siemens.com/industry

Two KEMET Facilities in Mexico are Recipients of Prestigious Shingo Prize

GREENVILLE, S.C., Feb. 7 /PRNewswire-FirstCall/ -- KEMET Corporation today announced that the company's manufacturing facilities in Matamoros and Ciudad Victoria, Mexico, have both been named recipients of The Shingo Prize for Excellence in Manufacturing Business. The Shingo Prize, established in 1988, recognizes business excellence in the United States, Canada, and Mexico. It identifies its recipient companies as leaders in Lean manufacturing and business processes who have in common world-class excellence in manufacturing. Only six award recipients were selected for 2008, and KEMET represents two of those six.

"We are very pleased and honored to have not one but two of our manufacturing facilities receiving this coveted award," said KEMET Chief Executive Officer Per Loof. "The Shingo Prize has been dubbed 'the Nobel Prize of manufacturing.' As with the Nobel Prize, many try, but only a few are chosen. We are extremely proud to be among the select few."

"KEMET has been learning and applying Lean manufacturing techniques for a number of years now," said Conrado Hinojosa, Senior Vice President of KEMET's Tantalum Business Group, of which both the Matamoros and Victoria plants are a part. "It is especially gratifying to have our efforts and achievements recognized in such a visible way as we continue to move forward on our Lean journey."

The Shingo Prize is named for Japanese industrial engineer Dr. Shigeo Shingo, who distinguished himself as one of the world's leading experts in improving manufacturing processes. The program is administered by the College of Business, Utah State University.

The Shingo Prize trophies will be awarded at The 20th Annual Shingo Prize for Operational Excellence Conference in Dallas, Texas, during a special awards ceremony on April 3, 2008.

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

Contact: Dean W. Dimke Director of Corporate and Marketing Communication deandimke@kemet.com 864-228-4448

KEMET Corporation

CONTACT: Dean W. Dimke, Director of Corporate and Marketing
Communication of KEMET Corporation, +1-864-228-4448, deandimke@kemet.com

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

BeaconEquity.com Issues TraderNotes on MBI, SOHU, QI, CSCO, THLD

DALLAS, Feb. 7 /PRNewswire/ -- BeaconEquity.com announces the availability of TraderNotes on stocks that are making news today.

Investors can view all of the daily trading notes for free by visiting: http://www.beaconequity.com/ -- Click on TraderNotes.

Today's TraderNotes include: MBIA, Inc. , Sohu.com, Inc. , Qimonda AG , Cisco Systems, Inc. , Threshold Pharmaceuticals, Inc. .

Join the investor discussion community at: http://www.stockhideout.com/.

BeaconEquity.com's TraderNotes are brief analyses on the active stocks each day that are affecting the markets. These include breaking news, insider activity, recent 52-week highs/lows, technical breakouts, and other market driving information. Beacon is the authority on research in the small cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.

We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas by visiting: http://www.beaconequity.com/.

BeaconEquity.com is one of the industry's largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.beaconequity.com/. CRD# 1755680

BeaconEquity.com Disclosure

The companies that are discussed have not always approved the statements made in this opinion. These reports are for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell any securities mentioned. We are not a licensed or registered broker dealer, investment advisor, analyst or underwriter. Please consult a registered broker before purchasing or selling any securities viewed or mentioned here. Beacon Equity Research and its affiliates have not been compensated by the companies covered in this release.

Beacon Equity Research Jeff Bishop, (469)-252-3505 press@beaconequityresearch.com

Reuben Sushman of Beacon Equity Research is a member of the National Association of Securities Dealers, CRD number 1755680.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. JEFF BISHOP http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=70781

BeaconEquity.com

CONTACT: Jeff Bishop of Beacon Equity Research, +1-469-252-3505,
press@beaconequityresearch.com

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

Expedia, Inc. Reports Fourth Quarter and Full Year 2007 ResultsMerchant Hotel & Advertising Drive 2007 OIBA Growth, $625 Million in Free Cash Flow

BELLEVUE, Wash., Feb. 7 /PRNewswire-FirstCall/ -- Expedia, Inc. today announced financial results for its fourth quarter and year ended December 31, 2007.

"2007 was a very good year for Expedia, with acceleration in nearly every key financial metric," said Barry Diller, Expedia, Inc.'s Chairman and Senior Executive. "We ended the year on higher ground with a stabilized supplier outlook, expanded global reach, established media businesses and sharpened marketing prowess. At the same time, we continued to make strides in capital efficiency by leveraging our balance sheet to meaningfully reduce our share base with an eye toward further repurchases."

"Through significant investment, innovation and execution, Expedia delivered four consecutive quarters of top-line growth acceleration in 2007," said Dara Khosrowshahi, Expedia Inc.'s CEO and President. "While we're pleased by our return to OIBA growth in 2007 and mindful of potential challenges from near-term economic conditions, we will continue to invest in further growth opportunities in 2008 and beyond to drive long-term shareholder value."

Financial Summary & Operating Metrics (figures in $MM's, except per share amounts)

3 Months 3 Months Year Year Ended Ended Y/Y Ended Ended Y/Y Metric 12.31.07 12.31.06 Growth 12.31.07 12.31.06 Growth -------------- --------- ---------- ------ -------- --------- ------- Gross bookings $4,596.3 $3,686.7 25% $19,983.3 $17,160.6 16% Revenue 665.3 531.3 25% 2,665.3 2,237.6 19% Revenue margin 14.47% 14.41% +6 bps 13.34% 13.04% +30 bps Gross profit 518.9 409.5 27% 2,102.9 1,734.9 21% Operating income before amortization* ("OIBA") 165.2 146.2 13% 669.5 599.0 12% Operating income 128.3 99.5 29% 529.1 351.3 51% Adjusted net income * 94.6 98.1 (4%) 391.1 390.5 0% Net income 65.4 67.1 (3%) 295.9 244.9 21% Adjusted EPS * $0.31 $0.28 11% $1.22 $1.09 12% Diluted EPS $0.22 $0.20 10% $0.94 $0.70 34% Free cash flow * (282.3) (131.2) (115%) 625.4 524.8 19% *"Operating income before amortization," "Adjusted net income," "Adjusted EPS," and "Free cash flow" are non-GAAP measures as defined by the Securities and Exchange Commission (the "SEC"). Please see "Definitions of Non-GAAP Measures" and "Tabular Reconciliations for Non-GAAP Measures" on pages 17-20 herein for an explanation of non-GAAP measures used throughout this release. Discussion of Results - Fourth Quarter 2007 Gross Bookings & Revenue

Gross bookings increased 25% for the fourth quarter of 2007 compared with the fourth quarter of 2006. North America bookings increased 18%, Europe bookings increased 47% (35% excluding the net benefit from foreign exchange) and Other bookings (primarily Expedia(R) Corporate Travel and our Asia Pacific operations) increased 36%.

Revenue increased 25% for the fourth quarter, primarily driven by increased worldwide merchant hotel revenue and advertising and media revenue. North America revenue increased 19%, Europe revenue increased 39% (29% excluding foreign exchange) and Other revenue increased 42%.

Worldwide merchant hotel revenue increased 23% for the fourth quarter due to an 18% increase in room nights stayed, including rooms delivered as a component of vacation packages, and a 4% increase in revenue per room night. Revenue per room night increased due to a 6% increase in worldwide average daily rates ("ADRs"), partially offset by a 61 basis point decline in hotel raw margin.

Worldwide air revenue increased 13% for the fourth quarter due to a 14% increase in air tickets sold, partially offset by a 2% decrease in revenue per air ticket. The decrease in revenue per air ticket primarily reflects reduced consumer air fees versus the prior year period.

Worldwide revenue from products and services other than merchant hotel and air (including advertising and media, car rentals, destination services, agency hotel and cruises), increased 42% for the fourth quarter due primarily to increased advertising and media revenues and car rental revenues.

Package revenue increased 20% compared with the prior year period primarily due to higher worldwide package bookings as well as increased revenue margin compared with the prior year period.

Revenue as a percentage of gross bookings ("revenue margin") was 14.47% for the fourth quarter, an increase of 6 basis points. North America revenue margin increased 20 basis points to 14.40%, Europe revenue margin decreased 89 basis points to 16.97%, and Other revenue margin increased 40 basis points to 9.62%. The fourth quarter increase in North America revenue margin was primarily due to an increased mix of advertising and media revenues as compared to fourth quarter 2006. Europe revenue margin decreased primarily due to lower revenue from more competitive hotel pricing, the impact of foreign exchange, and lower consumer air fees.

Profitability

Gross profit for the fourth quarter of 2007 was $519 million, an increase of 27% compared with the fourth quarter of 2006 primarily due to increased revenue and a 92 basis point improvement in gross margin to 77.99%. The gross margin increase was primarily due to an increased mix of advertising and media revenue and cost reductions from our various efficiency initiatives.

OIBA for the fourth quarter increased 13% to $165 million, driven primarily by higher revenue. OIBA as a percentage of revenue decreased 270 basis points to 24.83%, primarily reflecting higher growth in sales and marketing expenses excluding stock-based compensation as a percentage of revenue. Operating income increased 29% to $128 million primarily due to the same factors driving OIBA growth as well as lower intangible amortization and stock-based compensation expense.

Adjusted net income for the fourth quarter decreased $4 million compared to the prior year period as higher OIBA was offset by a net increase in foreign exchange losses and an increase in net interest expense. Net income decreased $2 million due to the same factors impacting adjusted net income as well as a higher effective tax rate. Fourth quarter adjusted EPS and diluted EPS were $0.31 and $0.22, respectively. These measures increased 11% and 10% due to lower net share counts resulting from share repurchase activity during 2007.

Discussion of Results - Full Year 2007 Gross Bookings & Revenue

Gross bookings increased 16% in 2007 compared with 2006. North America bookings increased 9%, Europe bookings increased 41% (32% excluding the net benefit from foreign exchange) and Other bookings increased 28%.

Revenue increased 19% for the year, primarily driven by increased worldwide merchant hotel revenue and advertising and media revenue. North America revenue increased 14%, Europe revenue increased 34% (26% excluding foreign exchange) and Other revenue increased 35%.

Worldwide merchant hotel revenue increased 19% in 2007 due to a 12% increase in room nights stayed, including rooms delivered as a component of vacation packages, and a 6% increase in revenue per room night. Revenue per room night increased due to a 6% increase in worldwide ADRs, partially offset by a 13 basis point decline in hotel raw margin.

Worldwide air revenue decreased 2% in 2007 due to a 12% decrease in revenue per air ticket, partially offset by a 12% increase in air tickets sold. The decrease in revenue per air ticket primarily reflects decreased compensation from air carriers and global distribution system ("GDS") providers, and to a lesser extent, reduced consumer air fees.

Worldwide revenue from products and services other than merchant hotel and air (including advertising and media, car rentals, destination services, agency hotel and cruises), increased 38% in 2007 due primarily to increased advertising and media revenues and car rental revenues.

Package revenue increased 7% compared with the prior year period primarily due to higher European package bookings compared with the prior year period.

Revenue margin was 13.34% in 2007, an increase of 30 basis points. North America revenue margin increased 53 basis points to 13.62%, Europe revenue margin decreased 69 basis points to 14.37%, and Other revenue margin increased 45 basis points to 8.80%. The increase in 2007 worldwide revenue margin was primarily due to an increased mix of advertising revenue, partially offset by lower air revenue per ticket. The increase in North America revenue margin was primarily due to an increased mix of advertising and media revenues. Europe revenue margin decreased primarily due to lower air commissions and consumer fees as well as lower revenue from more competitive hotel pricing.

Profitability

Gross profit for 2007 was $2.10 billion, an increase of 21% compared with 2006 primarily due to increased revenue and a 136 basis point improvement in gross margin to 78.90%. The gross margin increase was primarily due to an increased mix of advertising and media revenue and cost reductions from our various efficiency initiatives.

OIBA increased 12% to $669 million, driven primarily by higher revenue. OIBA as a percentage of revenue decreased 165 basis points to 25.12%, primarily reflecting higher growth in sales and marketing expenses excluding stock-based compensation as a percentage of revenue, partially offset by a higher gross margin. Operating income increased 51% to $529 million primarily due to the same factors driving OIBA growth and lower expenses related to intangible assets and an intangible asset impairment charge in 2006.

Adjusted net income for the year increased $1 million compared with 2006 due to higher OIBA, largely offset by net losses from foreign currency and increases in net interest expense. Net income increased $51 million due to the same factors impacting adjusted net income as well as lower amortization of intangible assets compared to 2006 and an impairment charge in the prior year. 2007 adjusted EPS and diluted EPS were $1.22 and $0.94, respectively. These measures increased 12% and 34% due to the same factors impacting adjusted net income and net income, as well as lower net share counts from share repurchase activity.

Cash Flows & Working Capital

Net cash provided by operating activities in 2007 was $712 million and free cash flow was $625 million. Both measures include $244 million of benefit from net changes in operating assets and liabilities primarily related to our merchant hotel business. Free cash flow in 2007 increased $101 million primarily due to greater benefit from net changes in operating assets and liabilities and higher OIBA.

Recent Highlights Global Presence -- Gross bookings from Expedia, Inc.'s international points of sale were $1.54 billion and $6.19 billion in the fourth quarter and year ended December 31, 2007, accounting for 34% and 31% of worldwide bookings, up from 29% and 26% in the prior year periods. International revenue, including the TripAdvisor international websites beginning in 2007, was $238 million and $853 million in the fourth quarter and year ended December 31, 2007, or 36% and 32% of worldwide revenue, up from 31% and 28% in the prior year periods. -- Expedia Corporate Travel ("ECT") celebrated its fifth anniversary and announced its Asia Pacific launch through a strategic partnership with eLong(TM), Inc., providing access to fully localized service, global reporting and in-country call support to ECT clients doing business in China. -- Expedia, Inc. launched six new European points of sale including http://www.expedia.ie/ in Ireland, its 16th Expedia(R)-branded site, and five new Hotels.com(R)-branded local language sites in the Czech Republic, Greece, Hungary, Iceland, and Turkey. -- TripAdvisor(R) Media Network expanded its global presence with launches of UK sites http://www.cruisecritic.co.uk/ and http://www.bookingbuddy.co.uk/. Brand Portfolio -- Expedia.com(R) teamed up with the National Football League in a multi- year sponsorship agreement. As the Official Travel Sponsor of the NFL, Expedia.com offers year-round travel incentives to nearly 170 million NFL fans as well as unique packages and sweepstakes for marquee events like the Super Bowl and the Pro Bowl. -- For the second year in a row, Hotwire.com(TM) was recognized for providing the "Highest Customer Satisfaction for Independent Travel Web Sites" according to J.D. Power and Associates' 2007 Independent Travel Web Site Satisfaction Study(SM) (For J.D. Power and Associates award information including information about the study see http://www.jdpower.com/). -- In less than three months since its launch, the Citi PremierPass(R)/Expedia.com Card was named the "Best Card for Travel Rewards," by SmartMoney magazine for its combination of value and flexibility. -- Expedia.co.uk was honored as "Europe's Leading Travel Agency" at the annual World Travel Awards, and also won the UK Travel Weekly Globe Award for "Best Online Booking Website" based on votes by readers of Associated Newspapers publications. -- Expedia, Inc. and CruiseShipCenters International, Inc. ("CSC") unveiled their combined brand, Expedia CruiseShipCenters(R), and began offering travel products through home-based agents in the US and through their first co-branded store in Bellevue, WA. -- TripAdvisor has launched several leading travel applications on Facebook, including Cities I've Visited, Traveler IQ Challenge and Local Picks, which combined have exceeded 6 million cumulative installations. Content & Innovation -- ECT launched a "Specials" page on its US site highlighting exclusive offers, including deeply discounted hotels, specific flights, and upgrades. -- Expedia.ca integrated CSC's cruise content and rates in a "Cruise" tab which was recently added to the site. -- Hotels.com created a customized version of its site for the Apple iPhone and iPod touch as well as a "Hotels Near Friends" application on Facebook, which allows users to locate the 30 hotels closest to each friend and book stays at those properties. -- Expedia.de launched a "beach inspiration" tool to help travelers plan trips to over 300 beaches in the Mediterranean and Canary Islands. The tool features panoramic views, detailed area information and package deals, and enables search by sand quality, crowd demographic, location, and palm tree incidence. Partner Services Group ("PSG") -- Expedia signed multi-year agreements with InterContinental Hotels Group, Starwood Hotels and Resorts and Kimpton Hotel & Restaurant Group, ensuring availability of these hotel chains' rooms and pricing across the Company's worldwide points of sale. EXPEDIA, INC. CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data) (Unaudited) Three months ended Year ended December 31, December 31, ------------------- --------------------- 2007 2006 2007 2006 -------- --------- ---------- --------- Revenue $665,302 $531,288 $2,665,332 $2,237,586 Cost of revenue(1) 146,404 121,781 562,401 502,638 -------- --------- ---------- --------- Gross profit 518,898 409,507 2,102,931 1,734,948 Operating expenses: Selling and marketing(1) 235,046 171,417 992,560 786,195 General and administrative(1) 85,989 79,079 321,250 289,649 Technology and content(1) 51,268 35,505 182,483 140,371 Amortization of intangible assets 18,257 23,906 77,569 110,766 Impairment of intangible asset - - - 47,000 Amortization of non-cash distribution and marketing - 60 - 9,638 -------- --------- ---------- --------- Operating income 128,338 99,540 529,069 351,329 Other income (expense): Interest income 8,709 11,733 39,418 32,065 Interest expense (17,878) (10,036) (52,896) (17,266) Other, net (5,154) 1,721 (18,607) 18,770 -------- --------- ---------- ---------- Total other income (expense), net (14,323) 3,418 (32,085) 33,569 -------- --------- ---------- ---------- Income before income taxes and minority interest 114,015 102,958 496,984 384,898 Provision for income taxes (49,884) (35,928) (203,114) (139,451) Minority interest in (income) loss of consolidated subsidiaries, net 1,226 110 1,994 (513) -------- --------- ---------- ---------- Net income $65,357 $67,140 $295,864 $244,934 ======== ========= ========== ========== Net earnings per share available to common stockholders: Basic $0.23 $0.20 $1.00 $0.72 Diluted 0.22 0.20 0.94 0.70 Shares used in computing earnings per share: Basic 283,823 330,294 296,640 338,047 Diluted 300,530 343,586 314,233 352,181 (1) Includes stock-based compensation as follows: Cost of revenue $814 $1,772 $2,893 $8,399 Selling and marketing 3,704 4,228 12,472 15,893 General and administrative 9,495 11,394 31,851 36,877 Technology and content 4,587 5,344 15,633 19,116 -------- --------- ---------- ---------- Total stock-based compensation $18,600 $22,738 $62,849 $80,285 ======== ========= ========== ========== EXPEDIA, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (Unaudited) December 31, ------------------------------- 2007 2006 ------------ ------------ ASSETS Current assets: Cash and cash equivalents $617,386 $853,274 Restricted cash and cash equivalents 16,655 11,093 Accounts and notes receivable, net of allowance of $6,081 and $4,874 268,008 211,430 Prepaid merchant bookings 66,778 39,772 Income taxes receivable 5,395 - Prepaid expenses and other current assets 71,433 62,249 ------------ ------------ Total current assets 1,045,655 1,177,818 Property and equipment, net 179,490 137,144 Long-term investments and other assets 93,182 59,289 Intangible assets, net 970,757 1,028,774 Goodwill 6,006,338 5,861,292 ------------ ------------ TOTAL ASSETS $8,295,422 $8,264,317 ============ ============ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable, merchant $704,044 $600,192 Accounts payable, other 148,233 120,545 Accrued expenses 288,712 171,799 Deferred merchant bookings 609,117 466,474 Deferred revenue 11,957 10,317 Income taxes payable - 30,902 Other current liabilities 12,289 2,359 ------------ ------------ Total current liabilities 1,774,352 1,402,588 Long-term debt 500,000 500,000 Credit facility 585,000 - Deferred income taxes, net 351,168 361,967 Other long-term liabilities 204,886 33,716 Minority interest 61,935 61,756 Commitments and contingencies Stockholders' equity: Preferred stock $.001 par value - - Authorized shares: 100,000,000 Series A shares issued and outstanding: 751 and 846 Common stock $.001 par value 337 328 Authorized shares: 1,600,000,000 Shares issued: 337,056,760 and 328,066,276 Shares outstanding: 259,489,102 and 305,901,048 Class B common stock $.001 par value 26 26 Authorized shares: 400,000,000 Shares issued and outstanding: 25,599,998 and 25,599,998 Additional paid-in capital 5,902,582 5,903,200 Treasury stock - Common stock, at cost (1,718,833) (321,155) Shares: 77,567,658 and 22,165,228 Retained earnings 602,204 309,912 Accumulated other comprehensive income (loss) 31,765 11,979 ------------ ------------ Total stockholders' equity 4,818,081 5,904,290 ------------ ------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $8,295,422 $8,264,317 ============ ============ EXPEDIA, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (Unaudited) Year ended December 31, ------------------------------- 2007 2006 ------------ ------------ Operating activities: Net income $295,864 $244,934 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 59,526 48,779 Amortization of intangible assets, non-cash distribution and marketing and stock-based compensation 140,418 200,689 Deferred income taxes (1,583) (10,652) Unrealized (gain) loss on derivative instruments, net 5,748 (8,137) Equity in (income) loss of unconsolidated affiliates 2,614 (2,541) Minority interest in income (loss) of consolidated subsidiaries, net (1,994) 513 Impairment of intangible asset - 47,000 Foreign exchange (gain) on cash and cash equivalents, net (12,524) (37,182) Other 3,801 1,100 Changes in operating assets and liabilities, net of effects from acquisitions: Accounts and notes receivable (44,363) (32,148) Prepaid merchant bookings and prepaid expenses (32,378) (20,694) Accounts payable, other, accrued expenses and other current liabilities 51,702 59,858 Accounts payable, merchant 101,068 63,246 Deferred merchant bookings 142,608 59,450 Deferred revenue 1,562 3,225 ------------ ------------ Net cash provided by operating activities 712,069 617,440 ------------ ------------ Investing activities: Capital expenditures (86,658) (92,631) Acquisitions, net of cash acquired (59,622) (32,518) Proceeds from sale of business to a related party - 13,163 Increase in long-term investments and deposits (33,226) (1,514) ------------ ------------ Net cash used in investing activities (179,506) (113,500) ------------ ------------ Financing activities: Credit facility borrowings 755,000 - Credit facility repayments (170,000) (230,000) Proceeds from issuance of long-term debt, net of issuance costs - 495,346 Changes in restricted cash and cash equivalents (6,494) 4,578 Proceeds from exercise of equity awards 55,038 35,258 Excess tax benefit on equity awards 95,702 1,317 Withholding taxes for stock option exercises (121,208) - Treasury stock activity (1,397,173) (295,691) Other, net (844) (1,036) ------------ ------------ Net cash provided by (used in) financing activities (789,979) 9,772 Effect of exchange rate changes on cash and cash equivalents 21,528 42,146 ------------ ------------ Net increase (decrease) in cash and cash equivalents (235,888) 555,858 Cash and cash equivalents at beginning of year 853,274 297,416 Cash and cash equivalents at end of year $617,386 $853,274 ============ ============ Supplemental cash flow information Cash paid for interest $49,266 $4,287 Income tax payments, net 78,345 126,126 Income Statement Notes Gross Bookings / Revenue -- Expedia, Inc. makes travel products and services available on a merchant and agency basis. Merchant transactions, which primarily relate to hotel bookings, typically produce a higher level of net revenue per transaction and are generally recognized when the customer uses the travel product or service. Agency revenues are generally recognized at the time the reservation is booked and primarily relate to air transactions. -- Merchant bookings accounted for 41% of total gross bookings in the fourth quarter as compared to 39% in the prior year period. For full year 2007, merchant bookings represented 42% of total gross bookings compared with 41% in 2006. The year-over-year increases are primarily driven by a higher mix of Europe merchant bookings and a lower mix of North America agency bookings. Cost of Revenue -- Cost of revenue primarily consists of: (1) costs of our call and data centers, including telesales expense; (2) credit card merchant fees; (3) fees paid to fulfillment vendors for processing airline tickets and related customer services; (4) costs paid to suppliers for certain destination inventory; and (5) reserves and related payments to airlines for tickets purchased with fraudulent credit cards. -- Cost of revenue was 22.0% and 22.9% of revenue for the fourth quarters of 2007 and 2006. Excluding stock-based compensation, cost of revenue was 21.9% and 22.6% of revenue for the fourth quarters of 2007 and 2006. Cost of revenue excluding stock-based compensation decreased 71 basis points as a percentage of revenue due to an increased mix of advertising and media revenue and our various cost efficiency initiatives. -- 2007 cost of revenue was 21.1% of revenue compared with 22.5% in 2006. Excluding stock-based compensation, 2007 cost of revenue was 21.0% compared to 22.1% in 2006. The 110 basis point decrease was primarily due to an increased mix of advertising and media revenue and our various cost efficiency initiatives. -- Cost of revenue includes depreciation expense of $4 million and $3 million for the fourth quarters of 2007 and 2006, and $15 million and $10 million for full years 2007 and 2006. Operating Expenses (non-GAAP)

(Stock-based compensation expense has been excluded from all calculations and discussions below)

-- Operating expenses in millions and as a percentage of revenue for the fourth quarter and full year periods of 2007 and 2006 were as follows (some numbers may not add due to rounding): Operating Expenses As a % of Revenue -------------------------- -------------------------- Three months ended Three months ended December 31, December 31, ------------------- -------------------- chg. in 2007 2006 Growth 2007 2006 bps -------- ------- ------- ------ ------ ------- Selling and marketing $231.3 $167.2 38% 34.8% 31.5% 330 General and administrative 76.5 67.7 13% 11.5% 12.7% (124) Technology and content 46.7 30.2 55% 7.0% 5.7% 134 -------- ------- ------- ------ ------ ------- Total operating expenses $354.5 $265.0 34% 53.3% 49.9% 340 Operating Expenses As a % of Revenue -------------------------- -------------------------- Years ended Years ended December 31, December 31, ------------------- -------------------- chg. in 2007 2006 Growth 2007 2006 bps -------- ------- ------- ------ ------ ------- Selling and marketing $980.1 $770.3 27% 36.8% 34.4% 235 General and administrative 289.4 252.8 14% 10.9% 11.3% (44) Technology and content 166.9 121.3 38% 6.3% 5.4% 84 -------- ------- ------- ------ ------ ------- Total operating expenses $1,436.3 $1,144.3 26% 53.9% 51.1% 275

Operating expenses include $12 million and $10 million of depreciation expense for the quarters ended December 31, 2007 and 2006, and $44 million and $39 million for full years 2007 and 2006.

Selling and Marketing (non-GAAP) -- Selling and marketing expense primarily relates to direct advertising expense, including television, radio and print spending, as well as traffic generation costs from search engines, internet portals and our private label and affiliate programs. -- Approximately 26% and 27% of selling and marketing expense in the fourth quarters ended December 31, of 2007 and 2006 relate to indirect costs including personnel in PSG, ECT, Expedia Local Expert ("ELE") and TripAdvisor. -- The 38% increase in selling and marketing expense in the fourth quarter was primarily due to increased direct online and brand spend to support our worldwide points of sale, including spend in Europe for our Hotels.com, Expedia and TripAdvisor sites as well as our private label and affiliate channels; in North America for Hotels.com, our TripAdvisor network, Expedia.com, and Hotwire; as well as increased personnel costs related to PSG, TripAdvisor, our European businesses, ELE, ECT and other teams. -- Selling and marketing expense increased 27% for full year 2007 compared to 2006 primarily due to increased direct online and brand spend to support our worldwide points of sale including spend in Europe for our Hotels.com, Expedia and TripAdvisor sites as well as our private label and affiliate channels; in North America for our TripAdvisor network, Expedia.com, Hotels.com, and Hotwire; as well as increased personnel costs related to TripAdvisor, PSG, our European businesses, ELE, ECT and other teams. -- We expect selling and marketing expense to increase as a percentage of revenue in 2008 as compared to 2007 as we continue to support our established brands and geographies, grow our earlier stage international markets, increase our use of brand spend as markets reach scale, anticipate continued keyword inflation, invest in our global advertising and media businesses and expand our corporate travel sales, destination services and market management teams. General and Administrative (non-GAAP) -- General and administrative expense consists primarily of personnel- related costs for support functions that include our executive leadership, finance, legal, tax, technology and human resources functions, and fees for professional services that typically relate to legal, tax or accounting engagements. -- The 13% increase in general and administrative expense in the fourth quarter was primarily due to payroll taxes related to stock option exercises, personnel costs related to expansion of our European businesses and information technology (IT) group, and increased incentive accruals. -- General and administrative expense increased 14% for full year 2007 compared to 2006 primarily due to increased incentive accruals, personnel costs primarily related to expansion of our IT function, our European businesses and our TripAdvisor network, as well as legal expenses and payroll taxes related to stock option exercises. -- We expect general and administrative expense as a percentage of revenue in 2008 to remain relatively similar to 2007. Technology and Content (non-GAAP) -- Technology and content expense includes product development expenses principally related to payroll and related expenses, hardware and software expenditures and software development cost amortization. -- The 55% and 38% increases in technology and content expense in the fourth quarter and year ended December 31, 2007 was due to increased personnel costs related to both our in-house and offshore development teams and amortization of capitalized software costs, a significant amount of which relates to projects we began putting into service beginning with the fourth quarter of 2006 and throughout 2007. -- Given our historical and ongoing investments in our enterprise data warehouse, re-platforming, geographic expansion, data centers, redundancy, call center technology, site merchandising, content management, site monitoring, networking, corporate travel, supplier integration and other initiatives, we expect technology and content expense to increase in absolute dollars, and as a percentage of revenue in 2008 as compared to 2007. Stock-Based Compensation Expense -- Stock-based compensation expense relates primarily to expense for stock options and restricted stock units ("RSUs"). Since February 2003 we have awarded RSUs as our primary form of employee stock-based compensation. Our stock-based awards generally vest over five years. -- Fourth quarter stock-based compensation expense was $19 million, consisting of $16 million in expense related to RSUs and $3 million in stock option expense. -- Fourth quarter stock-based compensation decreased $4 million compared to the prior year period primarily due to completed vesting of previous option awards, offset partially by higher expense related to RSU grants. -- Stock-based compensation expense for 2007 was $63 million, consisting of $49 million in expense related to RSUs and $14 million in stock option expense. Stock-based compensation decreased $17 million from the prior year amount due to reduced stock option expense, offset partially by higher expense related to RSU grants. -- Assuming, among other things, no modification of existing awards, significant incremental award grants, adjustments to forfeiture estimates or meaningful changes in our stock price, we expect annual stock-based compensation expense will be less than $70 million in 2008. Other, Net -- The $7 million decrease in other, net for the fourth quarter primarily relates to a $7 million net foreign exchange loss in the fourth quarter of 2007, compared with a $7 million gain in the prior year period, which was partially offset by a less than $1 million gain on the Ask derivative, compared with a $3 million loss in the prior year period. In addition, we had a $1 million net gain on our equity investments in the fourth quarter, compared with a gain of less than $1 million in the prior year period. -- Other, net decreased $37 million in 2007, primarily due to a $22 million net foreign exchange loss and $6 million loss on the Ask derivative in 2007, compared to $10 million and $8 million gains in the prior year, partially offset by $12 million related to a federal excise tax refund received during the year. Income Taxes -- The effective tax rates on GAAP pre-tax income were 43.8% and 40.9% for the fourth quarter and year ended December 31, 2007 compared with 34.9% and 36.2% in the prior year periods. The effective rate increased for the fourth quarter primarily due to higher state taxes and taxes related to our foreign operations, partially offset by tax return adjustments in the prior year period. The effective rate increased for full year 2007 primarily due to higher state taxes and non-deductible losses related to our derivative liabilities compared with a gain in 2006. -- The effective tax rates on pre-tax adjusted income were 38.2% and 38.5% for the fourth quarter and year ended December 31, 2007 compared with 35.9% and 37.2% in the prior year periods. The effective rate increased for the fourth quarter primarily due to higher state taxes and taxes related to our foreign operations, partially offset by tax return adjustments in the prior year period. The effective rate increased for full year 2007 primarily due to higher state taxes and taxes related to our foreign operations. The effective rates in the fourth quarter and full year 2007 were higher than the statutory rate primarily due to state income taxes and taxes related to our foreign operations. -- Cash paid for income taxes in 2007 was $78 million, a decrease of $48 million from the prior year primarily due to higher stock-based compensation related deductions. We anticipate lower stock-based compensation related deductions in 2008, and therefore expect tax-related payments for full year 2008 will increase compared with 2007. Foreign Exchange -- As Expedia's reporting currency is the U.S. Dollar ("USD"), reported financial results are affected by the strength or weakness of the USD in comparison to our international operations' functional currencies. Management believes investors may find it useful to assess growth rates with and without the impact of foreign exchange. -- The estimated impact on worldwide and Europe growth rates from foreign exchange in the fourth quarter and year ended December 31, 2007 was as follows (some numbers may not add due to rounding): Worldwide Europe ---------------------------- --------------------------- Impact on Impact on Y/Y Y/Y Y/Y Y/Y growth growth growth growth rates rates rates rates excluding from excluding from Y/Y foreign foreign Y/Y foreign foreign growth exchange exchange growth exchange exchange rates movements movements rates movements movements ------- --------- --------- ------ --------- --------- Three months ended Dec. 31, 2007 Gross Bookings 24.7% 20.8% 3.9% 46.8% 34.6% 12.2% Revenue 25.2% 21.2% 4.0% 39.5% 28.8% 10.7% Year ended Dec. 31, 2007 Gross Bookings 16.4% 14.2% 2.3% 40.7% 31.6% 9.1% Revenue 19.1% 16.7% 2.5% 34.3% 26.1% 8.2% -- The positive impact of foreign exchange on our cash balances denominated in foreign currency was $22 million in 2007, and is included in "effect of exchange rate changes on cash and cash equivalents" on our statements of cash flows. This amount reflects a net decrease of $21 million from 2006 primarily due to a lower net gain from holding or converting foreign currencies compared to the prior year. Acquisitions -- The impact of acquisitions, primarily related to our media content business, on the growth of gross bookings, revenue and OIBA in the fourth quarter and year ended December 31, 2007 is as follows (some numbers may not add due to rounding): Three Months Ended Year Ended Dec. 31, 2007 Dec. 31, 2007 ---------------------------- --------------------------- Impact on Impact on Y/Y Y/Y Y/Y Y/Y growth growth growth growth rates Y/Y rates rates Y/Y rates from growth excluding from growth excluding acqui- rates acquisitions acquisitions rates acquisitions sitions -------------------------------------------------------------- Gross Bookings 24.7% 24.5% 0.2% 16.4% 16.3% 0.1% Revenue 25.2% 23.3% 2.0% 19.1% 17.4% 1.7% OIBA 13.1% 12.6% 0.5% 11.8% 10.4% 1.4% Balance Sheet Notes Cash, Cash Equivalents and Restricted Cash -- Cash, cash equivalents and restricted cash totaled $634 million at December 31, 2007. This amount includes $17 million in restricted cash and cash equivalents primarily related to merchant air revenue transactions, and $158 million of cash at eLong, whose results are consolidated in our financial statements due to our controlling voting and economic ownership position. -- The $230 million decrease in cash, cash equivalents and restricted cash for 2007 principally relates to $1.4 billion in treasury stock activity primarily related to tender offer repurchases of 55 million common shares, $121 million in withholding taxes for stock option exercises, $93 million in acquisitions, long-term investments and deposits, $87 million of capital expenditures and $78 million in cash tax payments, partially offset by $670 million in OIBA, $585 million in net revolver borrowings, $220 million net benefit from changes in operating assets and liabilities, $55 million in proceeds from equity award exercises and a $22 million increase in gains from holding or converting foreign currencies. Accounts and Notes Receivable -- Accounts receivable include receivables from credit card agencies, corporate clients and advertising partners as well as receivables related to agency transactions including those due from airlines and global distribution system partners. -- Accounts and notes receivable increased $57 million from December 31, 2006 primarily due to growth in various lines of our business including acquisitions made in 2007. Prepaid Merchant Booking, Prepaid Expenses and Other Current Assets -- Prepaid merchant bookings primarily relate to our merchant air business and reflect prepayments to our airline partners for their portion of the gross booking, prior to the travelers' dates of travel. The $27 million increase in prepaid merchant bookings from December 31, 2006 is due to certain package transactions that were migrated to the merchant model in 2007 which were on the agency model in 2006. -- Prepaid expenses and other current assets are primarily composed of prepaid marketing, prepaid merchant fees, prepaid license and maintenance agreements and prepaid insurance. Income Taxes Receivable and Payable -- We had income taxes receivable of $5 million at December 31, 2007 compared to income taxes payable of $31 million in the prior year primarily due to the reclassification of $43 million of net liabilities related to uncertain tax positions to other long-term liabilities upon the adoption of FIN 48 on January 1, 2007. Long-Term Investments and Other Assets -- Long-term investments and other assets include transportation equipment, collateral deposits related to our cross-currency swap agreements, equity investments and capitalized debt issuance costs. -- Long-term investments and other assets increased $34 million from December 31, 2006 primarily due to a first quarter equity investment in a travel company. Goodwill and Intangible Assets, Net -- Goodwill and intangible assets, net primarily relates to the acquisitions of Hotels.com, Expedia.com and Hotwire.com. -- Goodwill increased $145 million primarily due to acquisitions completed since December 31, 2006. -- $867 million of intangible assets, net relates to intangible assets with indefinite lives, which are not amortized, principally related to acquired trade names and trademarks. -- $104 million of intangible assets, net relates to intangible assets with definite lives, which are generally amortized over a period of two to ten years. The majority of this amortization is not deductible for tax purposes. -- Amortization expense related to definite lived intangibles was $18 million for the fourth quarter and $78 million for full year 2007, compared with $24 million and $111 million for the prior year periods. The decreases were primarily due to the completed amortization of certain technology and supplier intangible assets over the past year. Assuming no impairments or additional acquisitions, we expect amortization expense for definite lived intangibles of $57 million in 2008 and $18 million in 2009. Accounts Payable, Other -- Accounts payable, other primarily consists of payables related to the day-to-day operations of our business. -- Accounts payable, other increased $28 million from December 31, 2006 primarily due to purchases of servers and network equipment and accrued marketing expenses related to increased marketing efforts at our various points of sale. Deferred Merchant Bookings and Accounts Payable, Merchant -- Deferred merchant bookings consist of amounts received from travelers who have not yet traveled and the balances generally mirror the seasonality pattern of our gross bookings. The payment to suppliers related to these bookings is generally made within two weeks after booking for air travel and, for all other merchant bookings, after the customer's use of services and subsequent billing from the supplier, which billing is reflected as accounts payable, merchant on our balance sheet. Therefore, especially for merchant hotel, there is a significant period of time from the receipt of cash from our travelers to supplier payment. -- As long as the merchant hotel business continues to grow and our business model does not meaningfully change, we expect that changes in working capital related to this business will continue to be a positive contributor to operating and free cash flow. If this business declines or if the model changes significantly, it would negatively affect our working capital. -- For the year ended December 31, 2007, the change in deferred merchant booking and accounts payable, merchant contributed $244 million to net cash provided by operating activities, primarily related to growth in our merchant hotel business. Accrued Expenses -- Accrued expenses principally relate to accruals for cost of service related to our call center and internet services, accruals for service, bonus, salary and wage liabilities, a reserve related to the potential settlement of occupancy tax issues, and accrued interest on our Notes and credit facility. -- Accrued expenses include the fair value of our Ask derivative, which relates to notes which are due June 1, 2008 (see "Ask Derivative Liability"). -- Accrued expenses increased $117 million from December 31, 2006 primarily due to an obligation to pay an additional purchase price of $92 million based on the financial performance of one of our acquisitions, which we expect to pay in the first half of 2008. Ask Derivative Liability -- In connection with IAC/InterActiveCorp's acquisition of Ask, we issued 4.3 million shares of Expedia, Inc. common stock into an escrow account, which shares (or cash in equal value) were due to holders of Ask convertible notes upon conversion. These shares have been included in diluted shares from the date of our spin-off from IAC. -- During 2007 notes were converted for approximately 290,000 common shares, which when combined with prior conversions of 3.5 million shares, leaves 0.5 million shares of Expedia common stock (or cash in equal value) due to Ask convertible note holders upon conversion. The Ask notes are due June 1, 2008; upon maturity our obligation to satisfy demands for conversion ceases. -- The estimated fair value of the Ask derivative at December 31, 2007 was $15 million, and is recorded in accrued expenses on our consolidated balance sheet. -- For 2007 we recorded a net unrealized loss of $6 million related to the Ask derivative due to changes in our share price during the year. This loss is reflected as an increase in accrued expenses, is recorded in other, net on our consolidated statements of income and is excluded from both our OIBA and adjusted net income calculations. -- We anticipate recording a quarterly unrealized gain or loss in the first quarter of 2008 related to any remaining liability as we adjust the fair value for changes in our stock price, as measured at the subsequent quarter-end, compared with the prior quarter-end. Borrowings -- Expedia, Inc. maintains a $1 billion unsecured revolving credit facility, which expires in August 2010. As of December 31, 2007, we had $585 million in borrowings outstanding under our revolver, which amount was primarily drawn in conjunction with the August 2007 funding of our 25 million share tender offer. -- Outstanding borrowings bear interest based on our financial leverage, which based on our December 31, 2007 financials would equate to a base rate plus 75 basis points. At our discretion we can choose a base rate equal to (1) the greater of the Prime rate or the Federal Funds Rate plus 50 basis points or (2) various durations of LIBOR. The base rate on all borrowings is currently 1-month LIBOR. -- As of December 31, 2007 we were in compliance with the leverage and net worth covenants under the credit facility. Outstanding letters of credit under the facility as of that date were $52 million, which balance reduces our available borrowing capacity. -- Long-term debt relates to $500 million in registered 7.456% Senior Notes (the "Notes") due 2018, which were issued in August 2006. The Notes are repayable in whole or in part on August 15, 2013 at the option of the note holders. We may redeem the Notes at any time at our option. -- Semi-annual interest expense related to the Notes is $19 million, paid on February 15 and August 15 of each year. Accrued interest related to the notes was $14 million at December 31, 2007 and $13 million at December 31, 2006, and such amounts are classified as accrued expenses on our balance sheet. Other Long-Term Liabilities -- Other long-term liabilities include $172 million in uncertain tax positions recorded under FIN 48, $127 million of which arose during 2007 and $45 million of which existed prior to the adoption of FIN 48 on January 1, 2007 and were classified as taxes payable in current liabilities, net of a $2 million federal benefit. -- Other long-term liabilities also includes $21 million of derivative liabilities, primarily related to cross-currency swaps, which increased $8 million from December 31, 2006 primarily due to the weakening of the USD compared with the Euro. Minority Interest -- Minority interest primarily relates to the minority ownership position in eLong, an entity in which we own a 56% interest (51% fully-diluted) and results for which are consolidated for all periods presented. Purchase Obligations and Contractual Commitments -- At December 31, 2007 we have agreements with certain vendors under which we have future minimum obligations of $26 million in 2008 and $6 million in 2009. These minimum obligations for telecom, loyalty, software and other support services are less than our projected use for those periods, and we expect payment to be more than the minimum obligations based on our actual use. -- In conjunction with our investment in a travel company, we have entered into a commitment to provide a $10 million revolving operating line of credit and a credit facility for up to $20 million. Less than $1 million was drawn on the line of credit and no amounts were drawn on the credit facility as of December 31, 2007. -- In June 2007, we entered into a lease for new headquarters office space located in Bellevue, Washington for which we will recognize rent expense beginning in May 2008 in addition to rent expense on our present location. The ten-year term and cash payments related to this lease are expected to begin in November 2008. -- Our estimated future minimum rental payments under operating leases with noncancelable lease terms that expire after December 31, 2007 are $31 million for 2008, $32 million for 2009, $30 million for 2010, $28 million for 2011, $27 million for 2012 and $97 million for 2013 and thereafter. Common Stock -- In 2007 we completed two tender offers to purchase a total of 55 million shares of Expedia, Inc. at an average price of $25.18 for a total cost of $1.39 billion, excluding fees and expenses. The Company used $500 million in available borrowings under its revolving credit facility and approximately $885 million in cash to fund the tender offers. The Company's directors and executive officers and Liberty Media Corporation did not tender any shares. -- In August 2006 our Board of Directors authorized the repurchase of up to 20 million common shares. There is no fixed termination date for the authorization, and as of the date of this release we have not repurchased any shares under this authorization. Class B Common Stock -- There are approximately 26 million shares of Expedia Class B common stock outstanding, owned by Liberty Media Corporation and its subsidiaries ("Liberty"). Class B shares are entitled to ten votes per share when voting on matters with the holders of Expedia common and preferred stock. -- Through the common stock our Chairman and Senior Executive, Barry Diller, owns directly, as well as the common stock and Class B stock for which he has been assigned an irrevocable proxy from Liberty, Mr. Diller had a controlling 60% voting interest in Expedia, Inc. as of January 18, 2008. Warrants -- As of December 31, 2007 we had 58.5 million warrants outstanding, which, if exercised in full, would entitle holders to acquire 34.6 million common shares of Expedia, Inc. for an aggregate purchase price of approximately $774 million (representing an average of approximately $22 per Expedia, Inc. common share). -- 32.2 million of these warrants are privately held and expire in 2012, and 26.0 million warrants are publicly-traded and expire in 2009. There are 0.3 million other warrants outstanding. Shelf Registration -- In October we filed a shelf registration statement with the SEC, under which we may offer from time to time debt securities, guarantees of debt securities, preferred stock, common stock or warrants. The shelf registration statement expires in October 2010. Stock-Based Awards -- At December 31, 2007 we had 17.9 million stock-based awards outstanding, consisting of stock options to purchase 9.7 million common shares with a $24.74 weighted average exercise price and weighted average remaining life of 4.75 years, and 8.3 million RSUs. -- During the fourth quarter 2007 we granted 0.1 million RSUs, primarily related to new hire grants. -- For 2007, total equity grants were 3.8 million, or 2.3 million net of cancellations, expirations and forfeitures. -- On October 8, 2007 Expedia's Chairman and Senior Executive exercised options to purchase 9.5 million shares, which options would have otherwise expired on October 19, 2007, following their 10-year term. 2.3 million shares were withheld by Expedia to cover the exercise price of $8.59 per share and 3.5 million shares were withheld to cover tax obligations, with a net delivery to Mr. Diller of 3.7 million shares. -- Expedia cancelled all withheld shares and made the required tax payments of $121 million in connection with Mr. Diller's exercise. These tax payments appear in "Financing Activities" on our Statement of Cash Flows for the year ended December 31, 2007. Basic, Fully Diluted and Adjusted Diluted Shares -- Weighted average basic, fully diluted and adjusted diluted share counts for the three months and 12 months ended December 31, 2007 are as follows (in 000's): 3 Months 3 Months Year Year Ended Ended Ended Ended Shares 12.31.07 12.31.06 12.31.07 12.31.06 ------------------ ---------- -------- -------- -------- Basic shares 283,823 330,294 296,640 338,047 Options 3,063 7,339 7,384 7,744 Warrants 10,685 3,756 7,574 3,600 Derivative liabilities 463 867 510 1,463 RSUs 2,496 1,323 2,125 1,092 Other - 7 - 235 ------------------ ---------- -------- -------- -------- Fully diluted shares 300,530 343,586 314,233 352,181 Additional RSUs, Adjusted Income method 5,736 5,849 6,237 6,189 ------------------ ---------- -------- -------- -------- Adjusted diluted shares 306,266 349,435 320,470 358,370 ------------------ ---------- -------- -------- --------

-- The decrease in basic, fully diluted and adjusted diluted shares for the quarter and year ended December 31, 2007 as compared to the prior year periods primarily relates to the completion of our tender offers for 55 million total shares in 2007.

-- The above decreases in diluted share counts were partially offset by dilution from warrants and RSUs related to the increase in our stock price and the accompanying impact of such increase on the treasury method calculation for dilutive securities.

Expedia, Inc. Trended Operational Metrics (All figures in millions) -- The following metrics are intended as a supplement to the financial statements found in this press release and in our filings with the SEC. In the event of discrepancies between amounts in these tables and our historical financial statements, readers should rely on our filings with the SEC and financial statements in our most recent earnings release. -- We intend to periodically review and refine the definition, methodology and appropriateness of each of our supplemental metrics. As a result, these metrics are subject to removal and/or change, and such changes could be material. -- "Expedia Worldwide" gross bookings constitute bookings from all Expedia-branded properties, including our international sites and worldwide ECT businesses, as well as affiliates. "Hotels.com Worldwide" gross bookings constitute bookings from all Hotels.com-branded properties, including our international sites and affiliates. "Other" gross bookings constitute bookings from Hotwire, eLong, and all brands other than Expedia Worldwide and Hotels.com Worldwide. -- Metrics, with the exception of revenue and OIBA items, include 100% of the results of an unconsolidated joint-venture of which we own approximately 49.9%. -- These metrics do not include adjustments for one-time items, acquisitions, foreign exchange or other adjustments. -- Some numbers may not add due to rounding. 2005 2006 ------ ------------------------------ Q4 Q1 Q2 Q3 Q4 ------ ------ ------ ------ ------ Number of Transactions 8.7 10.5 10.6 10.4 8.9 Gross Bookings by Segment North America $2,624 $3,522 $3,445 $3,104 $2,666 Europe 510 780 752 792 677 Other 262 347 368 365 344 ------ ------ ------ ------ ------ Total $3,395 $4,648 $4,565 $4,261 $3,687 Gross Bookings by Brand Expedia Worldwide Sites $2,707 $3,700 $3,614 $3,369 $2,984 Hotels.com Worldwide Sites 407 582 621 600 456 Other 281 367 330 293 246 ------ ------ ------ ------ ------ Total $3,395 $4,648 $4,565 $4,261 $3,687 Gross Bookings by Agency/Merchant Agency $2,068 $2,695 $2,728 $2,473 $2,253 Merchant 1,327 1,953 1,837 1,788 1,433 ------ ------ ------ ------ ------ Total $3,395 $4,648 $4,565 $4,261 $3,687 Revenue by Segment North America N/A $382 $456 $450 $379 Europe N/A 85 112 134 121 Other N/A 27 30 30 32 ------ ------ ------ ------ ------ Total N/A $494 $598 $614 $531 Packages Revenue $106 $114 $131 $125 $107 Advertising and Media Revenue $19 $21 $22 $25 $27 OIBA by Segment North America N/A $147 $212 $204 $172 Europe N/A 15 40 48 55 Other N/A (74) (68) (72) (81) ------ ------ ------ ------ ------ Total $133 $89 $184 $180 $146 Worldwide Merchant Hotel Room Nights 8.1 8.1 10.1 11.1 8.7 Room Night Growth 10% 7% 13% 11% 8% ADR Growth 6% 3% 7% 4% 8% Revenue per Night Growth -1% -4% 4% 2% 7% Revenue Growth 9% 3% 17% 14% 15% Worldwide Air (Merchant & Agency) Tickets Sold Growth 8% 3% -4% -6% 1% Airfare Growth 7% 9% 13% 11% 4% Revenue per Ticket Growth -11% -9% -10% -17% -15% Revenue Growth -4% -7% -13% -23% -14% 2007 ------------------------------------- Q1 Q2 Q3 Q4 ------- ------- ------- ------- Number of Transactions 11.0 12.0 12.1 10.6 Gross Bookings by Segment North America $3,559 $3,723 $3,519 $3,136 Europe 1,032 1,035 1,163 994 Other 425 466 465 466 ------- ------- ------- ------- Total $5,016 $5,224 $5,147 $4,596 Gross Bookings by Brand Expedia Worldwide Sites $4,039 $4,130 $3,976 $3,621 Hotels.com Worldwide Sites 612 696 730 579 Other 365 399 441 396 ------- ------- ------- ------- Total $5,016 $5,224 $5,147 $4,596 Gross Bookings by Agency/Merchant Agency $2,910 $3,025 $2,866 $2,703 Merchant 2,106 2,199 2,281 1,893 ------- ------- ------- ------- Total $5,016 $5,224 $5,147 $4,596 Revenue by Segment North America $406 $505 $534 $452 Europe 110 145 183 169 Other 34 39 42 45 ------- ------- ------- ------- Total $551 $690 $760 $665 Packages Revenue $111 $132 $140 $128 Advertising and Media Revenue $37 $44 $51 $51 OIBA by Segment North America $164 $227 $239 $192 Europe 26 43 68 71 Other (85) (83) (94) (97) ------- ------- ------- ------- Total $104 $187 $213 $165 Worldwide Merchant Hotel Room Nights 8.4 11.1 12.9 10.3 Room Night Growth 3% 10% 16% 18% ADR Growth 9% 5% 5% 6% Revenue per Night Growth 13% 4% 5% 4% Revenue Growth 17% 14% 22% 23% Worldwide Air (Merchant & Agency) Tickets Sold Growth 5% 14% 15% 14% Airfare Growth 1% -3% 2% 9% Revenue per Ticket Growth -20% -19% -5% -2% Revenue Growth -16% -7% 9% 13% Q4 Y/Y 2007 Y/Y Growth 2006 2007 Growth -------- ------ ------ -------- Number of Transactions 18% 40.5 45.7 13% Gross Bookings by Segment North America 18% $12,737 $13,937 9% Europe 47% 3,001 4,223 41% Other 36% 1,423 1,823 28% ------- ------- Total 25% $17,161 $19,983 16% Gross Bookings by Brand Expedia Worldwide Sites 21% $13,667 $15,766 15% Hotels.com Worldwide Sites 27% 2,259 2,616 16% Other 61% 1,235 1,601 30% ------- ------- Total 25% $17,161 $19,983 16% Gross Bookings by Agency/Merchant Agency 20% $10,150 $11,504 13% Merchant 32% 7,011 8,479 21% ------- ------- Total 25% $17,161 $19,983 16% Revenue by Segment North America 19% $1,667 $1,898 14% Europe 39% 452 607 34% Other 42% 119 160 35% ------- ------- Total 25% $2,238 $2,665 19% Packages Revenue 20% $476 $511 7% Advertising and Media Revenue 90% $94 $183 93% OIBA by Segment North America 11% $735 $821 12% Europe 29% 158 208 32% Other NM (294) (359) NM ------- ------- Total 13% $599 $669 12% Worldwide Merchant Hotel Room Nights 18% 38.1 42.7 12% Room Night Growth 18% 10% 12% 12% ADR Growth 6% 6% 6% 6% Revenue per Night Growth 4% 3% 6% 6% Revenue Growth 23% 13% 19% 19% Worldwide Air (Merchant & Agency) Tickets Sold Growth 14% -2% 12% 12% Airfare Growth 9% 9% 2% 2% Revenue per Ticket Growth -2% -13% -12% -12% Revenue Growth 13% -14% -2% -2% Notes & Definitions:

Number of Transactions - Quantity of purchases reported as booked, net of cancellations. Packages purchased using our packages wizard, which by definition include a merchant hotel, are recorded as a single transaction.

Gross Bookings - Total retail value of transactions booked for both agency and merchant transactions, recorded at the time of booking. Bookings include the total price due for travel, including taxes, fees and other charges, and are generally reduced for cancellations and refunds.

North America - Reflects results for travel products and services provided to customers in the United States, Canada, Mexico and Latin America. Includes 100% of TripAdvisor as it is managed in North America.

Europe - Reflects results for travel products and services provided through localized Expedia websites in Austria, Denmark, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Sweden and the United Kingdom and localized versions of Hotels.com in various European countries.

Other - Includes Expedia Corporate Travel, Asia Pacific and unallocated corporate functions and expenses.

Merchant Hotel Room Nights - Worldwide merchant hotel nights, net of cancellations. With the exception of Hotwire, which records room nights upon booking, nights are reported as stayed. This metric includes nights stayed on both a package and stand-alone basis.

Definitions of Non-GAAP Measures

Expedia, Inc. reports Operating Income Before Amortization, Adjusted Net Income, Adjusted EPS, Free Cash Flow and non-GAAP operating expense (non-GAAP selling and marketing, non-GAAP general and administrative and non-GAAP technology and content), all of which are supplemental measures to GAAP and are defined by the SEC as non-GAAP financial measures. These measures are among the primary metrics by which management evaluates the performance of the business, on which internal budgets are based and by which management is compensated. Management believes that investors should have access to the same set of tools that management uses to analyze our results. These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP. We endeavor to compensate for the limitation of the non-GAAP measures presented by also providing the most directly comparable GAAP measures and descriptions of the reconciling items and adjustments to derive the non-GAAP measures.

Operating Income Before Amortization ("OIBA") is defined as operating income plus: (1) amortization of non-cash distribution and marketing expense, (2) stock-based compensation expense, (3) amortization of intangible assets and goodwill and/or intangible asset impairment, if applicable and (4) certain one-time items, if applicable. OIBA represents the combined operating results of Expedia, Inc.'s businesses, taking into account depreciation, which we believe is an ongoing cost of doing business, but excluding the effects of other non-cash expenses that may not be indicative of our core business operations. Management believes this measure is useful to investors because it corresponds more closely to the cash operating income generated from our core operations by excluding significant non-cash operating expenses such as stock- based compensation, and because it provides greater insight into management decision making at Expedia, Inc. as OIBA is our primary internal metric for evaluating the performance of our businesses. OIBA has certain limitations in that it does not take into account the impact of certain expenses to Expedia, Inc.'s statements of income, including stock-based compensation, non-cash payments to partners, acquisition-related accounting and certain one-time items, if applicable. Due to the high variability and difficulty in predicting certain items that affect net income, such as tax rates, stock price and interest rates, Expedia, Inc. is unable to provide a reconciliation to net income on a forward-looking basis without unreasonable efforts.

Adjusted Net Income generally captures all items on the statements of income that have been, or ultimately will be, settled in cash and is defined as net income available to stockholders plus net of tax (1) amortization of non-cash distribution and marketing expense, (2) stock-based compensation expense, (3) amortization of intangible assets, including as part of equity- method investments, and goodwill and/or intangible impairment, if applicable, (4) one-time items, (5) mark to market gains and losses on derivative liabilities, (6) discontinued operations and (7) the minority interest impact of the aforementioned adjustment items. We believe Adjusted Net Income is useful to investors because it represents Expedia, Inc.'s combined results, taking into account depreciation, which management believes is an ongoing cost of doing business, but excluding the impact of other non-cash expenses and items not directly tied to the core operations of our businesses.

Adjusted EPS is defined as Adjusted Net Income divided by weighted fully diluted shares outstanding for Adjusted EPS purposes. We include dilution from options and warrants per the treasury stock method and include all shares relating to RSUs in shares outstanding for Adjusted EPS. This differs from the GAAP method for including RSUs, which treats them on a treasury method basis. Shares outstanding for Adjusted EPS purposes are therefore higher than shares outstanding for GAAP EPS purposes. We believe Adjusted EPS is useful to investors because it represents, on a per share basis, Expedia's consolidated results, taking into account depreciation, which we believe is an ongoing cost of doing business, as well as other items which are not allocated to the operating businesses such as interest expense, taxes, foreign exchange gains or losses, and minority interest, but excluding the effects of non-cash expenses not directly tied to the core operations of our businesses. Adjusted Net Income and Adjusted EPS have similar limitations as OIBA. In addition, Adjusted Net Income does not include all items that affect our net income and net income per share for the period. Therefore, we think it is important to evaluate these measures along with our consolidated statements of income.

Free Cash Flow is defined as net cash flow provided by operating activities less capital expenditures. Management believes Free Cash Flow is useful to investors because it represents the operating cash flow that our operating businesses generate, less capital expenditures but before taking into account other cash movements that are not directly tied to the core operations of our businesses, such as financing activities, foreign exchange or certain investing activities. Free Cash Flow has certain limitations in that it does not represent the total increase or decrease in the cash balance for the period, nor does it represent the residual cash flow for discretionary expenditures. Therefore, it is important to evaluate Free Cash Flow along with the consolidated statements of cash flows.

Non-GAAP cost of revenue, selling and marketing, general and administrative and technology and content expenses excluding stock-based compensation exclude stock-based compensation related to expenses for stock options, restricted stock units and other equity compensation under FAS 123(R). Expedia, Inc. excludes stock-based compensation expenses from these measures primarily because they are non-cash expenses that we do not believe are necessarily reflective of our ongoing cash operating expenses and cash operating income. In addition, due to historical accounting charges and credits related to our spin-off from IAC, changes in forfeiture estimates and other events, stock-based compensation has been highly variable in some historical quarters, impairing year-on-year and quarter-to-quarter comparability. Moreover, because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use when adopting FAS 123(R), management believes that providing non-GAAP financial measures that exclude stock-based compensation allows investors to make meaningful comparisons between our recurring core business operating results and those of other companies, as well as providing management with an important tool for financial operational decision making and for evaluating our own recurring core business operating results over different periods of time. There are certain limitations in using financial measures that do not take into account stock-based compensation, including the fact that stock- based compensation is a recurring expense and a valued part of employees' compensation. Therefore it is important to evaluate both our GAAP and non-GAAP measures. See the Note to the Consolidated Statements of Income for stock- based compensation by line item.

Tabular Reconciliations for Non-GAAP Measures Operating Income Before Amortization Three months ended Year ended December 31, December 31, ------------------------ ------------------- 2007 2006 2007 2006 ------------- ---------- -------- ---------- (in thousands) OIBA $165,195 $146,244 $669,487 $599,018 Amortization of intangible assets (18,257) (23,906) (77,569) (110,766) Impairment of intangible asset - - - (47,000) Stock-based compensation (18,600) (22,738) (62,849) (80,285) Amortization of non-cash distribution and marketing - (60) - (9,638) ------------- ---------- -------- ---------- Operating income 128,338 99,540 529,069 351,329 Interest income (expense) , net (9,169) 1,697 (13,478) 14,799 Other, net (5,154) 1,721 (18,607) 18,770 Provision for income taxes (49,884) (35,928) (203,114) (139,451) Minority interest in (income) loss of consolidated subsidiaries, net 1,226 110 1,994 (513) ------------- ---------- -------- ---------- Net income $65,357 $67,140 $295,864 $244,934 ============= ========== ======== ========== Adjusted Net Income & Adjusted EPS Three months ended Year ended December 31, December 31, ------------------------ ------------------- 2007 2006 2007 2006 ------------- ---------- -------- ---------- (in thousands, except per share data) Net income $65,357 $67,140 $295,864 $244,934 Amortization of intangible assets 18,257 23,906 77,569 110,766 Stock-based compensation 18,600 22,738 62,849 80,285 Amortization of non-cash distribution and marketing - 60 - 9,638 Impairment of intangible asset - - - 47,000 Federal excise tax refunds - - (12,058) - Unrealized (gain) loss on derivative instruments, net (190) 3,472 5,748 (8,137) Amortization of intangible assets as part of equity method investments 839 - 2,324 - Minority interest (218) (202) (729) (922) Provision for income taxes (8,054) (18,984) (40,511) (93,052) ------------- ---------- -------- ---------- Adjusted net income $94,591 $98,130 $391,056 $390,512 ============= ========== ======== ========== GAAP diluted weighted average shares outstanding 300,530 343,586 314,233 352,181 Additional restricted stock units 5,736 5,849 6,237 6,189 ------------- ---------- -------- ---------- Adjusted weighted average shares outstanding 306,266 349,435 320,470 358,370 ============= ========== ======== ========== Diluted earnings per share $0.22 $0.20 $0.94 $0.70 ============= ========== ======== ========== Adjusted earnings per share 0.31 $0.28 $1.22 $1.09 ============= ========== ======== ========== Free Cash Flow Three months ended Year ended December 31, December 31, ------------------------ ------------------- 2007 2006 2007 2006 ------------- ---------- -------- ---------- (in thousands) Net cash provided by operating activities $(253,287) $(106,128) $712,069 $617,440 Less: capital expenditures (29,038) (25,051) (86,658) (92,631) ------------- ---------- -------- ---------- Free cash flow $(282,325) $(131,179) $625,411 $524,809 ============= ========== ======== ==========

Non-GAAP cost of revenue, selling and marketing, general and administrative and technology and content expenses excluding stock-based compensation

Three months ended Year ended December 31, December 31, ------------------------ ------------------- 2007 2006 2007 2006 ------------- ---------- -------- ---------- (in thousands) Cost of revenue $146,404 $121,781 $562,401 $502,638 Less: stock-based compensation (814) (1,772) (2,893) (8,399) ------------- ---------- -------- ---------- Cost of revenue excluding stock- based compensation $145,590 $120,009 $559,508 $494,239 Selling and marketing expense $235,046 $171,417 $992,560 $786,195 Less: stock-based compensation (3,704) (4,228) (12,472) (15,893) ------------- ---------- -------- ---------- Selling and marketing expense excluding stock-based compensation $231,342 $167,189 $980,088 $770,302 General and administrative expense $85,989 $79,079 $321,250 $289,649 Less: stock-based compensation (9,495) (11,394) (31,851) (36,877) ------------- ---------- -------- ---------- General and administrative expense excluding stock-based compensation $76,494 $67,685 $289,399 $252,772 Technology and content expense $51,268 $35,505 $182,483 $140,371 Less: stock-based compensation (4,587) (5,344) (15,633) (19,116) ------------- ---------- -------- ---------- Technology and content expense excluding stock-based compensation $46,681 $30,161 $166,850 $121,255 Conference Call

Expedia, Inc. will audiocast a conference call to discuss fourth quarter and full year 2007 financial results and certain forward-looking information on Thursday, February 7, 2008 at 8:00 a.m. Pacific Time (PT). The audiocast will be open to the public and available via http://www.expediainc.com/ir. Expedia, Inc. expects to maintain access to the audiocast on the IR website for approximately three months subsequent to the initial broadcast.

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

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance. These forward-looking statements are based on management's expectations as of February 7, 2008 and assumptions which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. The use of words such as "intends" and "expects" among others, generally identify forward-looking statements. However, these words are not the exclusive means of identifying such statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements and may include statements relating to future revenues, expenses, margins, profitability, net income, earnings per share and other measures of results of operation and the prospects for future growth of Expedia, Inc.'s business.

Actual results and the timing and outcome of events may differ materially from those expressed or implied in the forward-looking statements for a variety of reasons, including, among others: changes in Expedia, Inc.'s relationships and contractual agreements with travel suppliers or GDS partners; adverse changes in senior management; the rate of growth of online travel; our inability to recognize the benefits of our investment in technologies; changes in the competitive environment, the e-commerce industry and broadband access and our ability to respond to such changes; declines or disruptions in the travel industry (including those caused by decreased consumer and business spending, adverse weather, bankruptcies, health risks, war, terrorism and/or general economic downturns); the rate of online migration in the various geographies and markets in which Expedia, Inc. operates, including Eastern Europe and Asia; fluctuations in foreign exchange rates; changing laws, rules and regulations and legal uncertainties relating to our business; Expedia, Inc.'s ability to expand successfully in international markets; possible charges resulting from, among other events, platform migration; failure to realize cost efficiencies; the successful completion of any future corporate transactions or acquisitions; and the integration of current and acquired businesses; and other risks detailed in Expedia, Inc.'s public filings with the SEC, including Expedia, Inc.'s annual report on Form 10-K for the year ended December 31, 2006.

Except as required by law, Expedia, Inc. undertakes no obligation to update any forward-looking or other statements in this press release, whether as a result of new information, future events or otherwise.

About Expedia, Inc.

Expedia, Inc. is the world's leading online travel company, empowering business and leisure travelers with the tools and information they need to easily research, plan, book and experience travel. Expedia, Inc. also provides wholesale travel to offline retail travel agents and in-destination concierge service and activity desks for travelers. The Expedia, Inc. portfolio of brands includes: Expedia.com(R), hotels.com(R), Hotwire(R), Expedia(R) Corporate Travel, TripAdvisor(R), Expedia Local Expert(TM), Classic Vacations(R) and eLong(TM). Expedia, Inc.'s companies operate more than 50 global points of sale with sites in North America, South America, Latin America, Europe, Middle East, Africa and Asia Pacific. Expedia, Inc. is a component of the S&P 500 index. For more information, visit http://www.expediainc.com/ .

Expedia, Expedia.com, Expedia Corporate Travel and Expedia Local Expert are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. Classic Vacations is either a trademark or registered trademark of Classic Vacations, LLC in the U.S. and/or other countries. hotels.com is either a trademark or registered trademark of hotels.com, L.P., a subsidiary of hotels.com in the U.S. and/or other countries. Hotwire is either a trademark or registered trademark of Hotwire, Inc. in the U.S. and/or other countries. TripAdvisor is either a trademark or registered trademark of TripAdvisor, LLC in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.

Expedia, Inc.

CONTACT: Investor Relations, +1-425-679-3555, ir@expedia.com, or
Communications, +1-425-679-4317, press@expedia.com, both of Expedia

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

They Said Central Park Was for the People ... They Lied- Alone in the Dark Official Website at CentralDark.Com Exposes Shadowy Mysteries and Conspiracies Of Central Park -

NEW YORK, Feb. 7 /PRNewswire-FirstCall/ -- Atari, Inc. , one of the world's most recognized brands and a third-party video game publisher and distributor, today announced the launch of the official website for the upcoming action survival game Alone in the Dark, featuring a series of fascinating and intriguing facts, legends and stories which reveal the strange and unexplained happenings which have dogged the history of New York's magnificent municipal parkland, Central Park. Visitors to the site http://www.centraldark.com/ will begin a journey into the murky past of New York's backyard and see how the park's chequered history has influenced and inspired the production of Alone in the Dark.

With new facts and park lore scheduled every two weeks up to launch of the game in May, visitors can already learn a great deal of incongruous facts drawn from historical documentation, newspapers, and the work of scholars, all of which suggests there's more than meets the eye behind the design and perfect preservation of this enormous parkland in the city that never sleeps. The implication is that considerably different motives were at work than just the desire to create a grand public parkland for the people of New York. Here's just a taste of the questions posed:

-- Why was the soil that was used to construct Central Park not from New Jersey as recorded, and according to microchemical analysis not even from America? -- What were the suspected political motivations behind the complete decimation of Seneca village, Manhattan's first African American community, during the park's construction? -- In a city with debts of $4.8 Billion, who has the power to ensure that Central Park's $528 Billion of prime Manhattan real estate has remained completely untouched since its creation? -- Who built the existing tunnel network under the park that was used for Oppenheimer's Manhattan Project of 1853 that led to the creation of the atomic bomb?

Featuring a gripping story, design inspired by contemporary TV action dramas, and original gameplay based on real world rules physics, Eden Games' action survival opus Alone in the Dark is currently scheduled for release in May 2008 for Xbox 360(TM) video game and entertainment system from Microsoft, PlayStation(R)2 computer entertainment system, Wii(TM) and PC with the PLAYSTATION(R)3 computer entertainment system version following later in 2008.

About Eden Games

The second largest game development studio in France, Eden Games has achieved international recognition through the creation of games including V-Rally 1, 2 and 3, Need For Speed: Porsche, Kya: Dark Lineage and Titeuf. Base in Lyon, France, Eden Games is a wholly owned subsidiary of Infogrames Entertainment SA.

About Atari, Inc.

New York-based Atari, Inc. is a third-party publisher and distributor of interactive entertainment software in the U.S. The Company's 1,000+ titles include hard-core, genre-defining franchises such as Test Drive(R) and mass-market and children's franchises such as Dragon Ball Z(R). Atari, Inc. is a majority-owned subsidiary of France-based Infogrames Entertainment SA (Euronext -- ISIN: FR-0000052573), the largest interactive games publisher in Europe. For more information, visit http://www.atari.com/.

Website intended for entertainment purposes; not presented as objective current or historical material.

Safe Harbor Statement

With the exception of the historical information contained in this release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may vary materially from those expressed or implied by the statements herein. Some of the factors which could cause our results to differ materially include the following: the loss of key customers, such as Wal-Mart, Best Buy, Target, and GameStop; delays in product development and related product release schedules; inability to secure capital; adapting to the rapidly changing industry technology, including new console technology; maintaining relationships with leading independent video game software developers; maintaining or acquiring licenses to intellectual property; fluctuations in the Company's quarterly net revenues and results of operations based on the seasonality of our industry; the termination or modification of our agreements with hardware manufacturers; and other factors described in our SEC filings.

The Company undertakes no duty to update any forward-looking statements to conform the statement to actual results or changes in the Company's expectations.

Microsoft, Xbox, Xbox 360, Xbox LIVE, and the Xbox logos are trademarks of the Microsoft group of companies.

"PlayStation", "PLAYSTATION" and "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc.

All other trademarks are the property of their respective owners.

Atari, Inc.

CONTACT: Alissa Bell, Atari, Inc., +1-212-726-4217,
alissa.bell@atari.com; or Laura Weir, fortyseven communications,
+1-323-658-1200, laura@fortyseven.com

Web site: http://www.atari.com/
http://www.centraldark.com/

Raytheon Delivers First Advanced SUV-Based Radiation Detection System

TEWKSBURY, Mass., Feb. 7, 2008 /PRNewswire/ -- Raytheon Company's Integrated Defense Systems delivered the first advanced sports utility vehicle-based radiation detection system to the Department of Homeland Security's Domestic Nuclear Detection Office.

The successful delivery of this system will allow DNDO to operate in urban environments and will enhance border security and national defense by preventing the smuggling of nuclear materials through ports of entry.

"This is a tremendous result by our Raytheon-led team in a very rapid response to an urgent and critical homeland security need," said Mary Petryszyn, vice president of Civil Security and Response Programs. "We are proud to support the Department of Homeland Security's mission of protecting America."

With this delivery Raytheon maintains its position as a homeland security solutions provider, with award-winning manufacturing capability and a highly skilled workforce that can provide proven, affordable technical solutions on time and on budget.

Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.

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: Carol Sobel 978.858.4519

Raytheon Company

CONTACT: Carol Sobel of Raytheon Company, +1-978-858-4519

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

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News archive of November 2009
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News Archives of February 2008
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News Archives other dates
2009: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Datasheet begin: 0 1 2 3 4 5 6 7 8 9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Distributors inventory: 0 1 2 3 4 5 6 7 8 9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z