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Companies news of 2008-02-27 (page 1)

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    Turkcell Iletisim Hizmetleri A.S. Reports Results for the Year End 2007"Another Year of Strong Execution and Performance"'Record High Top Line in Q4 2007 Despite Seasonality'

    ISTANBUL, Turkey, February 27 /PRNewswire-FirstCall/ -- Turkcell , the leading provider of mobile communications services in Turkey, today announced results for the fourth quarter and the year ended December 31, 2007. All financial results in this press release are unaudited, prepared in accordance with International Financial Reporting Standards ("IFRS") and expressed in US$.

    Please note that all financial data is consolidated and comprises Turkcell Iletisim Hizmetleri A.S., (the "Company", or "Turkcell") and its subsidiaries and its associates (together referred to as the "Group"). All non-financial data is unconsolidated and comprises Turkcell only. The terms "we", "us", and "our" in this press release refer only to the Company, except in discussions of financial data, where such terms refer to the Group, and where context otherwise requires.

    Turkcell Iletisim Hizmetleri A.S. Reports Results for the Full Year 2007 Highlights of the Fourth Quarter and Full Year 2007 Full Year

    - Revenue increased by 35% to US$6.3 billion (US$4.7 billion) due to higher usage and subscriber growth combined with the positive contribution of consolidated subsidiaries

    - EBITDA* increased by 44% on an annual basis to US$2.6 billion (US$1.8 billion) and recorded EBITDA margin of 42%

    - Recorded net income of US$1.4 billion (US$0.9 billion) with a growth rate of 54% on an annual basis

    - Turkcell's subscriber base grew by 11% on an annual basis to 35.4 million (31.8 million) as of December 31, 2007

    - Average revenue per user ("ARPU") grew by 18% on an annual basis to US$14.3 (US$12.1)

    - Blended minutes of usage per subscriber ("MoU") grew by 9% to 76.3 minutes (70.3 minutes)

    - Turkcell's Ukrainian subsidiary, Astelit's revenues increased by 191% to US$256 million (US$88 million)

    - Board of Directors of Turkcell recommended to distribute TRY648.7 million (equivalent to US$546.0 million as of February 27, 2008) as cash dividends

    Fourth Quarter - Revenue increased by 50% to US$1.8 billion (US$1.2 billion)

    - EBITDA* increased by 60% compared to the fourth quarter of last year to US$745.4million (US$465.2 million) and recorded EBITDA margin of 41%

    - Recorded net income of US$403.2 million (US$289.6 million) with a growth rate of 39% compared to the fourth quarter of last year

    - Average revenue per user ("ARPU") grew by 31% compared to the fourth quarter of last year to US$15.5 (US$11.8)

    - Astelit recorded positive EBITDA* for the second consecutive quarter since it started its operations

    *EBITDA is a non-GAAP financial measure. See pages 14 for the reconciliation of EBITDA to net cash from operating activities.

    - In this press release, a year on year comparison of our key indicators is provided and figures in parentheses following the operational and financial results for the fourth quarter 2007 refer to the same item in the fourth quarter of 2006 and figures in parentheses following the operational and financial results for the year end 2007 refer to the same item in the year end of 2006. For further details, please refer to our consolidated financial statements and notes as at and for the year ended December 31, 2007 which can be accessed via our web site in the investor relations section (http://www.turkcell.com.tr/).

    Comments from the CEO, Sureyya Ciliv

    "We are pleased about our performance and record results in year 2007. In a challenging year of intense competition, we recorded strong growth in all aspects of our business. Our focus on delivering the best value and user experience for our customers, our strong brand and our technology leadership have set us apart.

    Our 2007 revenues grew by 35% to record $6.3 billion, EBITDA increased by 44%. In Turkey oursubscriber base reached 35.4 million, one of the largest in any country in Europe. In our Ukraine operations our revenues grew 191% in 2007 and reported positive EBITDA for the second half. Our Fintur operations continue to grow rapidly and contribute to our bottom line. Dynamic economies of Turkey and Ukraine together with the emerging markets of Fintur operations provided the right setting.

    I thank to all of our customers for choosing us. We will continue to work hard to deliver them the highest quality services and solutions. I thank to all Turkcell employees, business partners for their hard work which has created this success. I also want to express my gratitude to our shareholders for their support and confidence in Turkcell."

    Overview of 2007

    2007 was marked by two local elections in Turkey and uncertainty in the global financial markets. Meanwhile, Turkey remained quite resilient and consumer sentiment in the domestic market remained relatively positive. Although the inflation target set by the government for 2007 was not attained, there was no significant deterioration in demand in the market and the TRY remained strong against the US$ through the year. Since the beginning of 2008, concerns over the state of the global financial markets have increased and there has been some downward trend in consumer sentiment in Turkey.

    In 2007, the Turkish GSM market continued its strong subscriber growth and the mobile line penetration rate in Turkey reached 88% as of 2007 year end. In 2008, we anticipate growth in the Turkish GSM market to continue although at a slower pace relative to 2007, and we expect the mobile line penetration rate in Turkey to reach about 100%.

    In an increasingly competitive year, we successfully grew our subscriber base and drove usage that resulted with a strong top line growth. In line with our value focus, we designed our offers and campaigns to attract and retain value customers. Through these efforts we have been able to keep our churn rate below the market average, and increase average revenue per user (ARPU) on annual basis at a rate that surpasses that of our competitors. Throughout the year, our competitors' aggressive subscriber acquisition initiatives, dealer activities and campaigns to manage price perception have continued. However, during the period, we introduced a number of initiatives to strengthen customer loyalty and increase average minutes of usage per user.

    We believe our continued focus on the Value Added Services area has stood in good stead compared to our competitors through the course of the year. We have launched new initiatives such as Turkcell mobile signature allowing users to execute transactions that legally require wet signature and "turkcell-im benim" ("my Turkcell") which is a life sharing social network through photographs and videos.

    During 2007, we invested an additional US$400 million in Turkey into our network infrastructure to enhace quality and coverage of our services. Through these continuous investments, we have been able to distinguish Turkcell from our competition and ensure that our brand name and image continue to stand well against our competitors.

    Financial and Operational Review of the Fourth Quarter and Full Year 2007

    The following discussion focuses principally on the developments and trends in our business in the fourth quarter of 2007 and full year 2007. Selected financial information for the fourth quarter of 2006, third quarter of 2007, and full year 2006 is also included at the end of this press release.

    For your convenience, selected financial information in TRY prepared in line with Capital Markets Board of Turkey's standards is also included at the end of this press release.

    Macro environment Information Q4 Q3 Q4 Q4 2007 Q4 2007 YE YE YE 2007- 2006 2007 2007 Q4 2006 Q3 2007 2006 2007 YE 2006 % Chg % Chg % Chg TRY / US$ rate Closing Rate 1.4056 1.2048 1.1647 (17.1%) (3.3%) 1.4056 1.1647 (17.1%) Average Rate 1.4538 1.2932 1.1851 (18.5%) (8.4%) 1.4313 1.3031 (9.0%) INFLATION Consumer 2.8% 0.3% 4.0% - - 9.7% 8.4% - Price Index GDP Growth 5.2% 1.5% NA - - 6.1% 3.8* - * GDP growth nine months

    Post-election optimism in the Turkish financial markets was interrupted by the global economic concerns in late July and early August. Change in the global risk appetite resulted in volatility in the exchange rate of the TRY against the US$ and some changes in the credit environment. However, Turkey proved resilient and consumer sentiment remained relatively positive. While GDP growth expectation of about 5% for 2007 is a healthy level, some weakening in GDP growth during the first three quarters of 2007 was observed.

    At the start of 2008, the global backdrop became the main topic, while the magnitude of the current credit crunch's effect on the US economy and the global impact remained unclear resulting in further volatility in the financial markets. Generally, GDP growth rate in Turkey is expected to be relatively slower in the first half of 2008 than the second half of the year while 2008 GDP growth target set by the government is at similar levels to that of 2007.

    Our results of operations and business and financial performance are affected by the macro economic environment, developments in the geopolitical environment, the competitive environment and the dynamics of consumer confidence in Turkey. Therefore, we will continue to monitor the developments in these areas closely.

    Financial Review Profit & Loss Statement Q4 Q3 Q4 Q4 2007- Q4 2007- (million US$) 2006 2007 2007 Q4 2006 Q3 2007 % Chg % Chg Total revenue 1,203.3 1,722.8 1,807.6 50.2% 4.9% Direct cost of revenue (662.0) (799.9) (849.2) 28.3% 6.2% Depreciation and (164.9) (202.2) (204.2) 23.8% 1.0% amortization Administrative expenses (29.2) (56.9) (89.1) 205.1% 56.6% Selling and marketing (211.8) (296.9) (328.0) 54.9% 10.5% expenses EBITDA 465.2 771.5 745.4 60.2% (3.4%) EBITDA Margin 39% 45% 41% 2 p.p. (4 p.p.) Net finance income / 21.0 (147.2) (10.8) (151.4%) (92.7%) (expense) Finance expense (42.0) (230.7) (105.7) 151.7% (54.2%) Finance income 63.0 83.5 94.9 50.6% 13.7% Share of profit of 16.3 17.2 21.5 31.9% 25.0% equity accounted investees Income tax expense (52.0) (50.2) (125.2) 140.8% 149.4% Net income 289.6 401.2 403.2 39.2% 0.5% Profit & Loss Statement YE YE YE 2007- (million US$) 2006 2007 YE 2006 % Chg Total revenue 4,700.3 6,328.6 34.6% Direct cost of revenue (2,627.9) (3,103.4) 18.1% Depreciation and (730.0) (793.0) 8.6% amortization Administrative expenses (154.9) (252.8) 63.2% Selling and marketing (827.5) (1,138.2) 37.5% expenses EBITDA 1,820.0 2,627.1 44.3% EBITDA Margin 39% 42% 3 p.p. Net finance income / 76.0 (242.7) (419.3%) (expense) Finance expense (108.0) (551.1) 410.3% Finance income 184.0 308.4 67.6% Share of profit of 78.6 64.9 (17.4%) equity accounted investees Income tax expense (413.2) (322.4) (22.0%) Net income 875.5 1,350.2 54.2%

    Revenue: In the fourth quarter of 2007, our consolidated revenue grew by 50.2% to US$1,807.6 million compared to the same period of last year. This was mainly due to subscriber growth, continuing emphasis on segmented loyalty programs, appreciation of the TRY against US$, one time positive impact of the reversal of Avea invoices amounting to US$46 million combined with upward price adjustments of 12.7% on an annual basis as well as the positive impact of our consolidated subsidiaries.

    In 2007, our revenues increased by 34.6% to US$6,328.6 million due to higher usage, subscriber growth, appreciation of the TRY against the US$, combined with the upward price adjustments of 12.7% on an annual basis and the positive impact of our consolidated subsidiaries.

    Eliminating the effect of appreciation of the TRY against the US$, our revenues increased by 22% in TRY in 2007.

    Direct cost of revenue: Direct cost of revenue, including depreciation and amortization, increased in nominal terms by 28.3% to US$849.2 million in the fourth quarter of 2007 compared to the corresponding period last year whereas the proportion of direct cost of revenue to total revenue decreased to 47.0% from 55.0%. This improvement of 8 percentage points was mainly attributable to the lower depreciation and amortization expenses (2%), lower treasury share expenses (3%) - of which 1.5% is related to one off treasury share impact on sales discounts in 2006, lower interconnection costs (0.5%) and lower non-revenue based operational expenses (1%) such as network maintenance, radio and transmission costs as a percentage of revenue.

    For 2007, direct cost of revenue including depreciation and amortization increased in nominal terms by 18.1% to US$3,103.4 million whereas the proportion of direct cost of revenue to total revenue decreased from 55.9% to 49.0% compared to 2006. This improvement of 7 percentage points was mainly due to the lower depreciation and amortization expenses (3%), lower treasury share payments (2.5%) - of which 0.7% is related to one off treasury share impact on sales discounts in 2006, lower interconnection costs (1%) and lower non-revenue based operational expenses (0.4%) as a percentage of revenue.

    Interconnection costs increased in the fourth quarter of 2007 by 39% to US$115.2 million compared to the same period in 2006 and also increased in 2007 on annual basis by 20% to US$405.9 million. The interconnection costs as a percentage of revenue improved slightly by 1 percentage points.

    Turkcell incurred US$529.8 million of other operational expenses in the fourth quarter of 2007, which mainly composed of treasury share expenses, radio costs, transmission costs, wages and salaries, and handset costs offered as part of our loyalty programs. For 2007, other expenses totaled to US$1,904.5 million.

    Selling and marketing expenses: Turkcell's selling and marketing expenses increased by 54.9% to US$328.0 million in the fourth quarter of 2007 compared to the same period of 2006, mainly due to increased advertising costs for campaigns and offers introduced during the quarter as well as acquisition expenses and dealer activities. The share of selling and marketing expenses as a percentage of total revenue in the fourth quarter of 2007 remained almost flat at 18.1%.

    For 2007, selling and marketing expenses increased in nominal terms by 37.5% reaching US$1,138.2 million mainly due to increased advertising and acquisition expenses as well as retention related campaign costs in an active competitive environment. The appreciation of the TRY against the US$ also contributed to the increase in expenses during the year. In 2007, the share of selling and marketing expenses as a percentage of total revenue was 18.0%.

    Total selling expenses in selling and marketing expenses increased by 71.5% to US$131.4 million in the fourth quarter of 2007 compared to the same period of 2006 mostly due to an increase in subscriber acquisitions and increased dealer and distributor activities. For 2007, selling expenses in selling and marketing expenses were US$501.6 million.

    Administrative expenses: During the fourth quarter of 2007, administrative expenses increased by 205.1% to US$89.1 million compared to the same period of 2006 due to the reversal of a fee which was paid to BNP for the Irancell project in the fourth quarter of 2006 and one time increase in bonuses paid to employees. Consequently, the proportion of administrative expenses to revenue increased to 4.9% in the last quarter of 2007.

    For 2007, administrative expenses increased by 63.2% to US$252.8 million and the share of administrative expenses to revenues increased to 4% in 2007.

    Share of profit of equity accounted investees: In the fourth quarter of 2007, equity in net income of unconsolidated investees that consisted of the net income/(expense) impact of Fintur and A-Tel increased to US$21.5 million compared to US$16.3 million in the fourth quarter of 2006.

    For 2007, our equity in net income of unconsolidated investees that consisted of the net income/(expense) impact of Fintur and A-Tel decreased to US$64.9 million compared to US$78.6 million in 2006 mainly due to the accounting impact of A-tel, as described below.

    Our 50% owned subsidiary A-Tel, impacted two items in our financial statements. A-Tel's revenue that is generated from Turkcell is netted from the selling and marketing expenses in our consolidated financial statements. The difference between the total net impact of A-Tel and the amount netted from selling and marketing expenses is recorded in the share of profit of equity accounted investees line of our financial statements.

    Net finance income/(expense): In the fourth quarter of 2007, we reported net financial expenses of US$10.8 million compared to financial income of US$21.0 million in the same quarter of 2006 mainly due to foreign exchange losses resulting from the appreciation of the TRY against the US$ during the fourth quarter of 2007. In the fourth quarter of 2007, as a result of increase in our cash balance, financial income increased by 50.6% to US$94.9 million compared to the same quarter in 2006. On the other hand, our financial expenses increased by 151.7% to US$105.7 million compared to the same period of 2006 mainly due the foreign exchange losses.

    Foreign exchange losses can be classified into two main categories, the first being realized losses incurred on structured forward contracts that matured in the fourth quarter of 2007 amounting to US$24 million, and the second being accrued losses, mainly related to translation losses on foreign currency long position amounting to US$54 million.

    For 2007, as a result of our increasing cash balance, financial income increased by 67.6% to US$308.4 million compared to last year. On the other hand, our financial expenses increased to US$551.1 million that mainly composed of foreign exchange losses of US$460.8 million resulting from the appreciation of the TRY against the US$ during 2007.

    Overall, our net financial expense was US$242.7 million in 2007.

    Income tax expense: The total taxation charge in the fourth quarter of 2007 increased to US$125.2 million from US$52.0 million in the same period of 2006. The total taxation charge for 2007 decreased to US$322.4 million from US$413.2 million in 2006. This change was due to the reduction in the corporate tax rate from 30% to 20% during June 2006 which was effective from January 1, 2006 resulting in an increase in the taxation expenses during the second quarter of 2006 stemming from the reversal of deferred tax benefit from investment incentive certificates and temporary differences between IFRS and statutory financial statements.

    Out of the total tax charge during the fourth quarter of 2007, US$114.7 million was related to current tax charges and a deferred tax income of US$10.5 million. The increase in the deferred tax expense was mainly due to the differences between our Turkish statutory financial statements and our financial statements prepared in accordance with IFRS.

    In 2008, Turkcell will be liable to pay 20% corporate tax and the payments will be made on a quarterly basis.

    Income tax expense Q4 Q3 Q4 Q4 2007- Q4 2007- (million US$) 2006 2007 2007 Q4 2006 Q3 2007 % Chg % Chg Current Tax (64.2) (104.2) (114.7) 78.7% 10.1% expense Deferred Tax 12.2 54.0 (10.5) (186.1%) (119.4%) income /(expense) Income Tax expense (52.0) (50.2) (125.2) 140.8% 149.4% Income tax expense YE YE YE 2007- (million US$) 2006 2007 YE 2006 % Chg Current Tax expense (310.7) (412.5) 32.8% Deferred Tax income (102.5) 90.1 187.9% /(expense) Income Tax expense (413.2) (322.4) (22.0%)

    EBITDA: In the fourth quarter of 2007, EBITDA increased by 60.2% to US$745.4 million compared to the same quarter of last year mainly due to growth in revenues combined with lower operational expenses. Accordingly, EBITDA margin during the same period increased to 41% from 39%.

    In 2007, EBITDA increased by 44.3% to US$2,627.1 million due to strong revenue growth coupled with a decrease in direct cost of revenues as a percentage of revenue despite higher sales and marketing and administrative expenses. Accordingly the EBITDA margin increased from 39% to 42% in 2007.

    In 2008, we expect the EBITDA margin to be a few points lower than 2007.

    Net income: Net income of US$403.2 million was recorded in the fourth quarter of 2007. The increase of 39.2% was mainly due to growth in revenues together with lower operational expenses.

    For 2007, net income increased by 54.2% to US$1,350.2 million due to strong operational performance and a decrease in taxation charges.

    Total Debt: The consolidated debt amounted to US$760.0 million as of December 31, 2007. US$530.5 million of this was related to Turkcell's Ukrainian operations.

    Q4 Q3 Q4 YE YE Cash Flow 2006 2007 2007 2006 2007 (million US$) EBITDA 465.2 771.5 745.4 1,820.0 2,627.1 LESS: Capex and License (210.7) (188.1) (274.3) (604.8) (783.1) Turkcell (116.6) (130.3) (144.2) (375.5) (444.3) Ukraine (83.6) (26.1) (76.8) (200.2) (206.0) Investment & Marketable (2.0) 10.4 - (196.8) 27.1 Securities Net Interest Income 49.5 57.9 67.2 117.3 218.0 Other 329.5 151.9 31.9 26.9 (244.7) Net Change in Debt (18.0) 38.4 10.6 (30.0) 64.2 Turkcell (25.0) - - (105.2) (57.7) Ukraine - 21.3* - 75.5 21.3* Other 7.0 17.1 10.6 (0.3) 100.6 Dividend paid by Turkcell - - - (342.2) (411.9) Cash Generated 613.5 842.0 580.8 790.4 1,496.7 Cash Balance 1,598.6 2,514.5 3,095.3 1,598.6 3,095.3

    (*)This financing has been drawn down by Financell B.V., a wholly owned subsidiary of Turkcell, in July and has been provided to Astelit.

    Cash Flow Analysis: Capital expenditures in the fourth quarter of 2007 amounted to US$274.3 million of which US$76.8 million was related to our Ukrainian operations.

    For 2007, capital expenditures totalled US$783.1 million of which US$206.0 million was related to the Ukrainian operations.

    Turkcell generated free cash flow (cash flow from operating activities minus capital expenditure) of US$1,373.1 million in 2007, with an increase of 10% compared to US$1,250.1 million in 2006.

    In 2008, we expect to spend approximately US$800 million in operational capital expenditures in Turkey, which includes 3G and broadband capital expenditures but excludes any potential 3G license fee. In addition, our consolidated subsidiary Astelit expects to spend approximately US$250 million in capital expenditures in Ukraine.

    Operational Review Summary of Q4 Q3 Q4 Q4 2007- Q4 2007- Operational Data 2006 2007 2007 Q4 2006 Q3 2007 % Chg % Chg Number of total 31.8 34.8 35.4 11.3% 1.7% subscribers (million) Number of postpaid 5.8 6.3 6.4 10.3% 1.6% subscribers (million) Number of prepaid 26.0 28.5 29.0 11.5% 1.8% subscribers (million) ARPU (Average 11.8 15.3 15.5 31.4% 1.3% Monthly Revenue per User), blended (US$) ARPU, postpaid 31.1 39.5 40.3 29.6% 2.0% (US$) ARPU, prepaid 7.5 10.0 10.0 33.3% 0% (US$) ARPU, blended 17.2 19.8 18.3 6.4% (7.6%) (TRY) ARPU, postpaid 45.2 51.1 47.7 5.5% (6.7%) (TRY) ARPU, prepaid 10.9 13.0 11.9 9.2% (8.5%) (TRY) Churn (%) 4.4 5.7 5.9 1.5 p.p. 0.2 p.p. MOU (Average 74.1 83.0 69.9 (5.7%) (15.8%) Monthly Minutes of usage per subscriber), blended Summary of YE YE YE 2007- Operational Data 2006 2007 YE 2006 % Chg Number of total 31.8 35.4 11.3% subscribers (million) Number of postpaid 5.8 6.4 10.3% subscribers (million) Number of prepaid 26.0 29.0 11.5% subscribers (million) ARPU (Average Monthly 12.1 14.3 18.2% Revenue per User), blended (US$) ARPU, postpaid (US$) 31.0 37.6 21.3% ARPU, prepaid (US$) 7.8 9.2 17.9% ARPU, blended (TRY) 17.4 18.5 6.3% ARPU, postpaid (TRY) 44.3 48.7 9.9% ARPU, prepaid (TRY) 11.2 11.8 5.4% Churn (%) 14.7 19.9 5.2 p.p. MOU (Average Monthly 70.3 76.3 8.5% Minutes of usage per subscriber), blended

    Subscribers: We added approximately 593 thousand net new subscribers in the fourth quarter of 2007 and our total number of subscribers reached approximately 35.4 million as of December 31, 2007. This corresponds to an increase of 1.7% compared to the previous quarter with an annual growth of 11.3%. Of the new gross subscribers in the quarter, 88% were prepaid and 12% were postpaid. Approximately 3.6 million net new subscribers were added in 2007. The growth was mainly driven by our focus on the sales channel network and our offers and campaigns well perceived. Our value focus continued and we recorded a favorable growth in the subscriber base supported by our corporate and postpaid customer focus.

    Churn Rate: Churn refers to voluntarily and involuntarily disconnected subscribers. In the fourth quarter of 2007, we recorded a churn rate of 5.9%, an increase of 1.5 percentage points compared to the same period in 2006. The increase was mainly due to prepaid involuntary churn triggered by high subscriber acquisitions in previous quarters with the churners being mainly low ARPU generating prepaid subscribers.

    The annual churn rate as of December 31, 2007 increased to 19.9% from 14.7% as of December 31, 2006 in line with our expectations due to our large subscriber base as well as intensified competition in the Turkish market throughout the year. While our on going emphasis on retention remains a high priority in 2008, we expect churn rate to be higher than 2007.

    MoU: In the fourth quarter of 2007, our blended minutes of usage per subscriber ("MoU") decreased by 5.7% to 69.9 minutes compared to the same period in 2006 mainly due to a decrease in the incentives utilized during the fourth quarter of 2007 compared to the same period in 2006.

    Usage, in the fourth quarter of 2007, was also lower than in the third quarter of 2007 due to seasonality and lower usage during the Ramadan period, as well as comparably lower incentive utilization during the launch of the new tariff scheme.

    In 2007, on an annual basis, usage increased by 8.5% to 76.3 minutes, which was in line with our expectations as a result of our initiatives that were aimed at creating a win-win situation by incentivising usage through bundled free minute offers while maintaining a value generation focus.

    ARPU: Our blended average revenue per user ("ARPU") in the fourth quarter of 2007 grew by 31.4% to US$15.5 compared to the same period in 2006. This change was mainly due to a decrease in incentives utilized during the fourth quarter of 2007 as compared to the same period in 2006, combined with the 18.5% appreciation of the TRY against the US$ and the average price increase of 12.7% on an annual basis despite the dilutive impact of growing prepaid subscriber base during this period.

    Our ARPU in TRY terms grew by 6.4% to TRY18.3 in the fourth quarter of 2007 from TRY17.2 compared to the same period in 2006.

    Despite the dilutive impact of a growing prepaid subscriber base, in 2007 our blended ARPU grew by 18.2% to US$14.3 compared to US$12.1 in 2006 as a result of our actions incentivizing usage along with a 9% appreciation of the TRY against the US$ and the average price increase of 12.7% on an annual basis during this year.

    Regulatory Environment

    The Telecommunications Authority ("TA") conducted a tender process for the grant of the 3G license on September 7, 2007. Turkcell was the sole bidder and consequently won and was awarded a 3G license. However this tender was later cancelled by TA. Although, we believe the 3G tender process will be reinitiated in 2008, no announcement has been made by TA with regards to the new tender date.

    In February 2007, TA issued regulations on Mobile Number Portability (MNP), which is expected to become operational in the fourth quarter of 2008, based on public statements by TA.

    Between October 2007 and February 2008, TA made announcements about its decision to control retail pricing for mobile operators - setting a lower ceiling for off-net calling prices for all operators and asking Turkcell to set its on-net prices to be not lower than its lowest interconnect rate.

    Due to the high-level of complexity involved, we have been and are continuing to remain in discussions with TA seeking clarification of its decisions and we have taken actions to revise some of our tariffs and campaigns to comply with TA's new policy to the extent practical and to our best understanding.

    TA's new decision negatively affects our ability to design and launch new campaigns, offers and consequently has a negative impact on our business and had a negative impact in our fourth quarter 2007 results. If this issue is not resolved fairly and in compliance with laws, we may not be able to fully implement our pricing strategy and our competitive position and financial results may be adversely affected.

    We have filed a lawsuit with the Highest Administrative Court in Turkey requesting the suspension and annulment of the aforementioned decision on the ground that said decision is violating Telecommunications Law , Competition Law and Concession (Licensing) Agreement between our Company and TA.

    Dividend Distribution

    Turkcell's general dividend policy is to pay dividends to shareholders in line with the company's financial conditions. On February 27, 2008, the Turkcell Board of Directors decided to recommend distribution of cash dividends in an amount of approximately TRY648.7 million (approximately US$546.0 million as of February 27, 2008) representing a 14% increase compared to approximately TRY567.0 million (approximately US$411.9 million) a year ago. This corresponding to 50% of Turkcell's distributable income of the current year, based on the financial statements prepared in accordance with the accounting principles accepted by the Capital Markets Board of Turkey. This dividend proposal is to be evaluated and decided upon at the Ordinary General Assembly of Shareholders to be held on April 25, 2008.

    This represents a net and gross cash dividend of TRY0.2948699 (approximately US$0.248165 as of February 27, 2008) per ordinary share with a nominal value of TRY1 and approximately TRY0.737174 (approximately US$0.620412 as of February 27, 2008) per ADR.

    International and Domestic Operations Fintur

    Turkcell hold a 41.45% stake in Fintur and through Fintur have interests in GSM operations in Kazakhstan, Azerbaijan, Moldova, and Georgia.

    FINTUR YE 2006 YE 2007 YE 2007- YE 2006 YE 2007 YE 2007- as of December Subscriber Subscriber YE 2006 Revenue Revenue YE 2006 31, 2007 (million) (million) %Chg (US$ (US$ %Chg million) million) Kazakhstan 3.5 6.0 71.4% 651.1 825.4 26.8% Azerbaijan 2.3 3.0 30.4% 342.8 439.8 28.3% Moldova 0.5 0.5 0% 43.0 53.9 25.3% Georgia 1.0 1.3 30.0% 130.6 165.1 26.4% TOTAL 7.3 10.8 47.9% 1,167.5 1,484.2 27.1% (*) Combined revenue

    Strong revenue growth in Fintur's operations continued and Fintur's consolidated revenue reached US$422.5 million in the fourth quarter of 2007, recording 30.5% growth on an annual basis. Fintur added approximately 0.9 million net new subscribers in the fourth quarter of 2007 and its total subscriber base grew to 10.8 million.

    We account for our investment in Fintur using the equity method. Fintur's contribution to income was US$32.9 million (US$18.3 million) in the fourth of 2007.

    In 2007, Fintur's consolidated revenue increased by 28% to US$1,486.4 million along with strong subscriber growth. Fintur's total subscriber base increased by 47.9% with a net add of 3.5 million in 2007 where as Fintur's contribution to net income for the year was US$109.0 million (US$81.3 million).

    Astelit

    Astelit, a 55% owned subsidiary in Ukraine, recorded promisingly positive results in 2007.

    - Astelit grew its revenue by 170% on annual basis in the fourth quarter of 2007 and 191% in 2007.

    - Astelit recorded positive EBITDA of US$2.7 million during the fourth quarter of 2007 and recorded negative EBITDA of US$20.5 million for the full year.

    - Astelit's operational indicators have remained very strong with subscribers reaching 8.8 million by growing 57.1% on an annual basis. In 2007;

    - 3 month active subscriber base grew 74.2% on an annual basis. - 3 month active ARPU increased by 53% on an annual basis.

    The encouraging trends in Astelit's financial and operational performance continued in the fourth quarter of 2007 with Astelit recorded positive EBITDA for the second quarter in a row in the fourth quarter of 2007. This positive trend is expected to continue in the coming quarters.

    Summary Data Q4 Q3 Q4 Q4 2007- Q4 2007- YE YE YE 2007- for Astelit Q4 2006 Q3 2007 2006 2007 YE 2006 2006 2007 2007 % Chg % Chg % Chg Number of subscribers (million) Total 5.6 7.6 8.8 57.1% 15.8% 5.6 8.8 57.1% Active (3 3.1 4.7 5.4 74.2% 14.9% 3.1 5.4 74.2% months)[1] Average Revenue per User (ARPU) in US$ Total 2.0 3.6 3.3 65.0% (8.3%) 1.9 3.2 68.4% Active (3 4.1 5.8 5.4 31.7% (6.9%) 3.4 5.2 52.9% months) Revenue 30.5 76.0 82.3 169.8% 8.3% 87.92 55.9 191.1% EBITDA[2] (26.5) 2.9 2.7 110.2% (6.9%) (83.8) (20.5) 75.5% Net Loss (29.9) (42.0)(34.8) 16.4% 17.1% (198.0) (167.7) 15.3% Capex 83.6 26.1 76.8 (8.1%) 194.3% 200.2 206.0 2.9%

    In the context of the financing of Astelit's operations, in line with previously indicated plans and depending on the market conditions and its financial performance, Astelit aims to arrange a loan through a new financing package in 2008. In addition, in 2008 Turkcell intends to make a capital contribution to Astelit in an amount of US$110 million, which is in proportion to our stake in Astelit.

    Inteltek

    Inteltek is our 55% owned subsidiary that operates in sports betting business. The Central Betting System Contract is scheduled to expire on March 1, 2008. A draft law that enables Spor Toto ("Contractor") to hold a new tender in 2008 has been prepared, and approved by the Council of Ministers. This draft law was sent to the parliamentary law committee on January 9, 2008. On February 21, 2008, the law is accepted in the Turkish Parliament and has been sent to the President of Turkish Republic for approval. On February 26, 2008, President of Turkish Republic approved the law. According to this new law, the Contractor is obliged to hold a new tender in no longer than one year and during this time, until the new tender is held, the Contractor is obliged to sign a new agreement with Inteltek at similar terms of the existing agreement for continuation of the betting games. Accordingly, Inteltek is in the process of signing a new agreement with Spor Toto which will be effective until March 2009. Inteltek intends to participate in the new tender which will be in one year time.

    Reconciliation of Non-GAAP Financial Measures

    We believe that EBITDA is a measure commonly used by companies, analysts and investors in the telecommunications industry, which enhances the understanding of our cash generation ability and liquidity position and assists in the evaluation of our capacity to meet our financial obligations. We also use EBITDA as an internal measurement tool and, accordingly, we believe that the presentation of EBITDA provides useful and relevant information to analysts and investors.

    Beginning from the 2006 fiscal year, we have revised the definition of EBITDA which we use and we report EBITDA using this new definition starting from the first quarter of 2006 results announcement to provide a new measure to reflect solely cash flow from operations.

    The EBITDA definition used in our previous press releases and announcements had included Revenue, Direct Cost of Revenue excluding depreciation and amortization, Selling and Marketing expenses, Administrative expenses, translation gain/(loss), financial income, share of profit of equity accounted investees, gain on sale of investments, income/(loss) from related parties, minority interest and other income/(expense). Our new EBITDA definition includes Revenue, Direct Cost of Revenue excluding depreciation and amortization, Selling and Marketing expenses and Administrative expenses, but excludes translation gain/(loss), financial income, share of profit of equity accounted investees, gain on sale of investments, income/(loss) from related parties, minority interest and other income/(expense).

    EBITDA is not a measure of financial performance under IFRS and should not be construed as a substitute for net earnings (loss) as a measure of performance or cash flow from operations as a measure of liquidity.

    The following table provides a reconciliation of EBITDA, which is a non-GAAP financial measure, to net cash from operating activities, which we believe is the most directly comparable financial measure calculated and presented in accordance with IFRS.

    TURKCELL Q4 Q3 Q4 Q4 2007- Q4 2007- US$ million 2006 2007 2007 Q4 2006 Q3 2007 % Chg % Chg EBITDA 465.2 771.5 745.4 60.2% (3.4%) Other operating (0.4) 2.4 (21.3) 5,225.0% (987.5%) income/(expense) Financial income 63.0 83.5 94.9 50.6% 13.7% Financial expense (42.0) (230.7) (105.7) (151.7%) 54.2% Net 197.2 316.0 (155.9) (179.1%) (149.3%) increase/(decrease) in assets and liabilities Net cash from 683.0 942.7 557.4 (18.4%) (40.9%) operating activities TURKCELL YE 2006 YE 2007 YE 2007 - US$ million YE 2006 %Chg EBITDA 1,820.0 2,627.1 44.3% Other operating 1.6 (14.7) (1,018.8%) income/(expense) Financial income 184.0 308.4 67.6% Financial expense (108.0) (551.1) 410.3% Net (42.7) (213.5) 400.0% increase/(decrease) in assets and liabilities Net cash from 1,854.9 2,156.2 16.2% operating activities EUROASIA (Astelit) Q4 Q3 Q4 Q4 2007- Q4 2007- US$ million 2006 2007 2007 Q4 2006 Q3 2007 % Chg % Chg EBITDA (26.5) 2.9 2.7 110.2% (6.9%) Other operating (0.3) 0.2 0.2 166.7% 0% income/(expense) Financial income 0.2 0.7 1.2 500.0% 71.4% Financial expense (2.8) (21.5) (15.2) 442.9% (29.3%) Net 46.9 31.8 21.1 (55.0%) (33.6%) increase/(decrease) in assets and liabilities Net cash from 17.5 14.1 10.0 (42.9%) (29.1%) operating activities EUROASIA (Astelit) YE 2006 YE 2007 YE 2007 - US$ million YE 2006 %Chg EBITDA (83.8) (20.5) 75.5% Other operating (1.8) 0.4 122.2% income/(expense) Financial income 0.9 2.7 200.0% Financial expense (40.7) (63.7) 56.5% Net 9.5 64.6 580.0% increase/(decrease) in assets and liabilities Net cash from (115.9) (16.5) 85.8% operating activities Turkcell Group Subscribers

    We had approximately 47.1 million proportionate GSM subscribers as of December 31, 2007. This is calculated by taking the number of GSM subscribers in Turkcell and each of our subsidiaries and multiplying the number of unconsolidated investees by our percentage ownership interest in each subsidiary. This figure includes the proportionate rather than total number of Fintur's GSM subscribers, but includes the total number of GSM subscribers in Ukraine and in our operations in Turkish Republic of Northern Cyprus ("Northern Cyprus") because the financial statements of our subsidiaries in Ukraine and Northern Cyprus are consolidated within our financial statements.

    Turkcell Q4 Q3 Q4 Q4 2007- Q4 2007- YE YE YE 2007- Group Q4 2006 Q3 2007 2006 2007 YE 2006 Subscribers 2006 2007 2007 % Chg % Chg % Chg (million) Turkcell 31.8 34.8 35.4 11.3% 1.7% 31.8 35.4 11.3% Ukraine 5.6 7.6 8.8 57.1% 15.8% 5.6 8.8 57.1% Fintur (pro 1.8 2.3 2.6 44.4% 13.0% 1.8 2.6 44.4% rata) Northern 0.2 0.3 0.3 50.0% - 0.2 0.3 50.0% Cyprus TURKCELL 39.4 45.0 47.1 19.5% 4.7% 39.4 47.1 19.5% GROUP Forward-Looking Statements

    This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including, without limitation, certain statements regarding our operations, financial position and business strategy may constitute forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as, among others, "may," "will," "expect," "intend," "plan," "estimate," "anticipate," "believe" or "continue."

    Although we believe that the expectations reflected in such forward-looking statements are reasonable at this time,we can give no assurance that such expectations will prove to be correct. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. All written and oral forward-looking statements attributable to us in this release are expressly qualified in their entirety by reference to these cautionary statements.

    http://www.turkcell.com.tr/ About Turkcell

    Turkcell is the leading GSM operator in Turkey with 35.4 million postpaid and prepaid customers as of December 31, 2007 operating in a three player market with a market share of approximately 57% as of December 31, 2007 (Source: The Telecommunications Authority). In addition to high-quality wireless telephone services, Turkcell currently offers General Packet Radio Service ("GPRS") countrywide and Enhanced Data Rates for GSM Evolution ("EDGE") in dense areas, which provide for both improved data and voice services. Turkcell provides roaming with 570 operators in 197 countries as of February 1, 2008. Serving a large subscriber base in Turkey with its high-quality wireless telephone network, Turkcell reported US$6.3 billion net revenue for the year ended December 31, 2007 as per IFRS financial statements. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova, Northern Cyprus and Ukraine. Turkcell has been listed on the New York Stock Exchange ("NYSE") and the Istanbul Stock Exchange ("ISE") since July 2000 and is the only NYSE listed company in Turkey. 51.00% of Turkcell's share capital is held by Turkcell Holding, 4.22% by Cukurova Group, 13.07% by Sonera Holding, 2.32% by M.V. Holding and 0.01% by others while the remaining 29.38% is free float.

    [1] Active subscribers are those who in the past three months made a transaction which brought revenue to the Company.

    [2] EBITDA is a non-GAAP financial measure. See page 14 for the reconciliation of Euroasia's EBITDA to net cash from operating activities. Eurasia holds 100% stake in Astelit.

    TURKCELL ILETISIM HIZMETLERI A.S. SELECTED IFRS FINANCIALS (US DOLLARS) Quarter Quarter Quarter 12 months 12 months Ended Ended Ended December September December December December 31, 2006 30, 2007 31, 2007 31, 2006 31, 2007 Consolidated Statement of Operations Data Revenues Communication fees 1,128.9 1,642.3 1,706.1 4,406.7 5,976.9 Commission fees on betting business 38.9 40.0 65.2 172.4 181.3 Monthly fixed fees 15.8 13.9 14.8 57.6 54.8 Simcard sales 6.0 5.2 2.2 21.0 20.8 Call center revenues and other revenues 13.7 21.4 19.3 42.6 94.8 Total revenues 1,203.3 1,722.8 1,807.6 4,700.3 6,328.6 Direct cost of revenues (662.0) (799.9) (849.2) (2,627.9) (3,103.4) Gross profit 541.3 922.9 958.4 2,072.4 3,225.2 Administrative expenses (29.2) (56.9) (89.1) (154.9) (252.8) Selling & marketing expenses (211.8) (296.9) (328.0) (827.5) (1,138.2) Other Operating Income / (Expense) (0.4) 2.4 (21.3) 1.6 (14.7) Operating profit before financing costs 299.9 571.5 520.0 1,091.6 1,819.5 Finance expense (42.0) (230.7) (105.7) (108.0) (551.1) Finance income 63.0 83.5 94.9 184.0 308.4 Share of profit of equity accounted investees 16.3 17.2 21.5 78.6 64.9 Income before taxes and minority interest 337.2 441.5 530.7 1,246.2 1,641.7 Income tax expense (52.0) (50.2) (125.2) (413.2) (322.4) Income before minority interest 285.2 391.3 405.5 833.0 1,319.3 Minority interest 4.4 9.9 (2.3) 42.5 30.9 Net income 289.6 401.2 403.2 875.5 1,350.2 Net income per share 0.131651 0.182358 0.183275 0.397951 0.613710 Other Financial Data Gross margin 45% 54% 53% 44% 51% EBITDA(*) 465.2 771.5 745.4 1,820.0 2,627.1 Capital expenditures 210.7 188.1 274.3 604.8 783.1 Consolidated Balance Sheet Data (at period end) Cash and cash equivalents 1,598.6 2,514.5 3,095.3 1,598.6 3,095.3 Total assets 6,089.7 7,649.3 8,469.0 6,089.7 8,469.0 Long term debt 113.5 139.7 140.4 113.5 140.4 Total debt 639.6 739.9 760.0 639.6 760.0 Total liabilities 1,971.8 2,300.6 2,537.8 1,971.8 2,537.8 Total shareholders' equity / Net Assets 4,118.0 5,348.7 5,931.2 4,118.0 5,931.2 * Please refer to the notes on reconciliation of Non-GAAP Financial measures on page 14. ** For further details, please refer to our consolidated financial statements and notes as at and for the year ended 31 December 2007 on our web site. TURKCELL ILETISIM HIZMETLERI A.S. SELECTED CMB* FINANCIALS (TRY) Quarter Quarter Quarter 12 months 12 months Ended Ended Ended December September December December December 31, 2006 30, 2007 31, 2007 31, 2006 31, 2007 Consolidated Statement of Operations Data Revenues Communication fees 1,641.4 2,125.8 2,021.7 6,312.3 7,729.4 Commission fees on betting business 55.9 51.6 77.4 240.7 234.6 Monthly fixed fees 23.1 18.3 17.9 83.1 73.4 Simcard sales 8.7 6.7 2.7 29.7 27.7 Call center revenues and other revenues 19.7 27.2 22.5 61.9 121.8 Total revenues 1,748.8 2,229.6 2,142.2 6,727.7 8,186.9 Direct cost of revenues (953.6) (1,026.7) (998.5) (3,719.1)(3,992.4) Gross profit 795.2 1,202.9 1,143.7 3,008.6 4,194.5 Administrative expenses (42.7) (73.6) (105.5) (221.8) (325.1) Selling & marketing expenses (308.0) (383.6) (388.9) (1,183.1)(1,472.3) Other Operating Income / (Expense) (4.1) 3.0 (24.6) 3.1 (15.8) Operating profit before financing costs 440.4 748.7 624.7 1,606.8 2,381.3 Finance expense (60.8) (290.9) (126.4) (147.4) (705.5) Finance income 91.4 106.8 113.7 261.8 398.6 Share of profit of equity accounted investees 17.1 15.1 21.9 110.3 70.4 Income before taxes and minority interest 488.1 579.7 633.9 1,831.5 2,144.8 Income tax expense (77.2) (71.6) (150.0) (622.9) (427.0) Income before minority interest 410.9 508.1 483.9 1,208.6 1,717.8 Minority interest 6.8 12.6 (2.9) 61.8 40.8 Net income 417.7 520.7 481.0 1,270.4 1,758.6 Net income per share 0.189879 0.236655 0.218534 0.577433 0.799375 Other Financial Data Gross margin 45% 54% 53% 45% 51% EBITDA 675.5 999.1 883.4 2,608.1 3,395.2 Capital expenditures 260.1 194.6 299.1 850.1 912.1 Consolidated Balance Sheet Data (at period end) Cash and cash equivalents 2,247.0 3,029.5 3,605.1 2,247.0 3,605.1 Total assets 8,432.2 9,114.0 9,770.0 8,432.2 9,770.0 Long term debt 159.5 168.3 163.5 159.5 163.5 Total debt 899.0 891.5 885.1 899.0 885.1 Total liabilities 2,746.7 2,752.4 2,938.3 2,746.7 2,938.3 Total shareholders' equity / Net Assets 5,685.5 6,361.6 6,831.7 5,685.5 6,831.7 * Capital Market Board of Turkey ** For further details, please refer to our consolidated financial statements and notes as at and for the year ended 31 December 2007 on our web site.

    Turkcell

    CONTACT: Contact: Turkcell: Investors: Koray Ozturkler, Investor
    Relations, Tel: +90-212-313-1500, Email: koray.ozturkler@turkcell.com.tr;
    Ferda Atabek, Investor Relations, Tel: + 90-212-313-1275, Email:
    ferda.atabek@turkcell.com.tr; investor.relations@turkcell.com.tr; Media:
    Filiz Karagul Tuzun, Corporate Communications, Tel: + 90-212-313-2304, Email:
    filiz.karagul@turkcell.com.tr; Defne Bali, Corporate Communications, Tel:
    +90-212-313-2320, Email: defne.bali@turkcell.com.tr




    DemandTec to Present at the Morgan Stanley Technology Conference

    SAN CARLOS, Calif., Feb. 27 /PRNewswire-FirstCall/ -- DemandTec, Inc. , a leading provider of on-demand optimization solutions for retailers and consumer products companies today announced that its chief executive officer, Dan Fishback and its chief financial officer, Mark Culhane, will present at the Morgan Stanley Technology Conference at The St. Regis Resort, Monarch Beach in Dana Point, California.

    The DemandTec presentation is scheduled for Wednesday, March 5, 2008 at 1:35 p.m. Pacific Time (4:35 p.m. Eastern Time). The presentation will be webcast live and will be available by visiting the Investor Relations section of the company's website at http://www.demandtec.com/. The webcast will be archived on the company's website.

    About DemandTec

    DemandTec's suite of on-demand applications empowers retailers and consumer products companies to optimize strategic decisions and collaborate in order to achieve their revenue, profitability and sales volume objectives. DemandTec customers include leading retailers such as Advance Auto Parts, Best Buy, Circle K Stores, Delhaize America, Giant-Carlisle, H-E-B Grocery Co., Monoprix and Safeway, as well as more than 100 consumer products companies. DemandTec has managed more than one million trade promotion deals between retailers and their manufacturer partners.

    DemandTec, Inc.

    CONTACT: Mark Culhane, EVP and CFO of DemandTec, Inc., +1-650-226-4600,
    or Investors, Michael Kern, Vice President of ICR, +1-617-956-6731, for
    DemandTec, Inc.

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




    DayStar Announces Departure of CFO

    SANTA CLARA, Calif., Feb. 27 /PRNewswire-FirstCall/ -- DayStar Technologies, Inc. , a developer of photovoltaic products based on CIGS thin film semiconductor technology, today announced Raja Venkatesh, the company's chief financial officer, has resigned effective March 14, 2008 to pursue other opportunities.

    Chris Lail, DayStar's controller since July 2005 and acting chief accounting officer since November 2006, will serve in the interim while the company completes its search for a new CFO.

    About DayStar Technologies, Inc.

    DayStar Technologies, Inc. is engaged in the development, manufacturing, and marketing of photovoltaic products based upon CIGS thin film semiconductor technology. For more information, visit the DayStar website at http://www.daystartech.com/.

    Certain statements contained in this press release, including statements regarding the future business of DayStar, and other statements contained herein regarding matters that are not historical facts, are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those factors discussed in the section entitled "Risk Factors" in our Registration Statement on Form SB-2 filed with the SEC on November 30, 2007. You should not place undue reliance on the forward-looking statements in this press release, and we disavow any obligation to update or supplement those statements in the event of any changes in the facts, circumstances, or expectations that underlie those statements.

    DayStar Technologies, Inc.

    CONTACT: Investors, Alexis Pascal, Alexis@stapleton.com, or Cathryn
    Johnson, Cathryn@stapleton.com, +1-650-470-0200, both of Stapleton
    Communications Inc. for DayStar Technologies, Inc.; or Media, Erica McGill of
    DayStar Technologies, Inc., +1-518-383-4600, emcgill@daystartech.com

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




    Seagate to Participate in Upcoming Investor Conference

    SCOTTS VALLEY, Calif., Feb. 27 /PRNewswire-FirstCall/ -- Seagate Technology today announced that it will participate in the following investor conference:

    Event: Morgan Stanley Technology Conference Date: Tuesday, March 4, 2008 Time: Presentation - 9:30 a.m. PT Location: Dana Point, CA

    Live and archived audio webcast of these events will be available from Seagate's Investor Relations website at seagate.com.

    About Seagate

    Seagate is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, with the goal of being the low cost producer in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at http://www.seagate.com/.

    Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC.

    Seagate Technology

    CONTACT: Investors, Rod Cooper, +1-831-439-2371, rod.cooper@seagate.com,
    or Media, Brian Ziel, +1-831-439-5429, brian.ziel@seagate.com, both of Seagate
    Technology

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




    Salesforce.com Announces Record Fiscal Fourth Quarter ResultsFirst Ever On-Demand Software Company to Exceed $850 Million Annual Revenue Run Rate- Record Revenue of $217 Million, up 50% Year-Over-Year- Record Operating Cash Flow of $81 Million, up 112% Year-Over-Year- GAAP EPS of 6 cents, up from Breakeven Year-Over-Year- Net Customers Increase 11,200 Year-Over-Year to 41,000- Net Paying Subscribers Increase to Nearly 1.1 Million- Total Cash and Marketable Securities Increase to $670 Million, up $257 Million Year-Over-Year- Company Raises FY09 Revenue Guidance to $1.030 - $1.035 Billion

    SAN FRANCISCO, Feb. 27 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS), today announced results for its fiscal fourth quarter and full fiscal year ended January 31, 2008.

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

    "Our fourth quarter and full-year results show that businesses are selecting the Force.com Platform-as-a-Service and cloud computing over failed client-server alternatives," said Marc Benioff, chairman and CEO, salesforce.com. "There's only one way to describe both the consolidation of the industry and the growing number of companies choosing innovation, not infrastructure: The End of Software."

    Salesforce.com delivered the following results for the fourth quarter and full fiscal year 2008:

    Revenue: Total Q4 revenue was $216.9 million, an increase of 50% on a year-over-year basis and an increase of 13% on a quarter-over-quarter basis. Subscription and support revenues were $196.5 million, an increase of 49% on a year-over-year basis and an increase of 11% on a quarter-over-quarter basis. Professional services and other revenues were $20.4 million, an increase of 68% on a year-over-year basis and an increase of 24% on a quarter-over-quarter basis. For the full fiscal year 2008, the company reported revenue of approximately $748.7 million, an increase of 51% from the prior year. Subscription and support revenues were $680.6 million for the year, an increase of 51%, while professional services revenue rose 50% to finish at $68.1 million. Earnings per Share: Q4 GAAP diluted earnings per share were approximately $0.06, including approximately $16 million in stock based compensation and approximately $1.3 million in amortization of purchased intangibles related to previously announced acquisitions. For the basis of Q4 GAAP EPS calculations, there was an average of approximately 124 million diluted shares outstanding during the quarter. For the full year, GAAP diluted earnings per share were approximately $0.15, including approximately $55 million in stock based compensation and approximately $5.0 million in amortization of purchased intangibles related to previously announced acquisitions. For the basis of full year GAAP EPS calculations, there was an average of approximately 122 million diluted shares outstanding during the year. Customers and Paying Subscribers: Net paying customers rose approximately 2,900 during the quarter and approximately 11,200 during the year to finish at approximately 41,000. Net paying subscribers rose to nearly 1.1 million, an increase of more than 450,000 year over year. Cash: Cash from operations for the fiscal fourth quarter was a record at approximately $81 million, up 55% sequentially, and up 112% year-over-year. For the full year, operating cash flow totaled more than $204 million, an increase of 84% from the prior year. Total cash, cash equivalents and marketable securities finished the year at approximately $670 million, an increase of approximately $99 million from Q3 and up approximately $257 million from the year prior. Deferred Revenue: Deferred revenue on the balance sheet as of January 31, 2008 was $481 million at year end, an increase of 69% on a year-over-year basis and 41% on a quarter-over-quarter basis.

    As of February 27, 2008, salesforce.com is initiating guidance for its first quarter, fiscal year 2009. For its full fiscal year 2009, the company is raising its prior revenue guidance and initiating EPS guidance.

    Q1 FY09: Revenue for the company's first fiscal quarter is projected to be in the range of approximately $233 million to approximately $235 million. GAAP diluted EPS is expected to be in the range of approximately $0.06 to $0.07. This estimate includes the effects of stock based compensation and the amortization of purchased intangibles. For the first fiscal quarter FY09, stock based compensation expense is expected to be approximately $17 million, and the expense associated with the amortization of purchased intangibles is now expected to be approximately $1.3 million. For purposes of the Q1 GAAP EPS calculation, the company is expecting an average diluted shares count of 124 million shares, and a GAAP tax rate of 48%. Full Year FY09: The company today is raising the full year revenue guidance it provided on November 15, 2007, with revenue now expected to be approximately $1.030 billion to approximately $1.035 billion. The company is also initiating its earnings outlook for the full year, expecting GAAP diluted EPS to be in the range of approximately $0.32 to $0.33. GAAP EPS estimates include the effects of stock based compensation and the amortization of purchased intangibles. For the full fiscal year '09, stock based compensation expense is expected to be approximately $82 million, and the expense associated with the amortization of purchased intangibles is currently expected to be approximately $5.3 million. For purposes of the full fiscal year 2009 GAAP EPS calculation, the company is expecting an average diluted shares count of 125 million shares, and a GAAP tax rate of 48%. Quarterly Conference Call

    Salesforce.com will host a conference call to discuss its fourth quarter fiscal 2008 results at 2:00 p.m. Pacific Standard Time today. A live audio webcast of the conference call, together with detailed financial information, can be accessed through the company's Investor Relations Web site at http://www.salesforce.com/investor. In addition, an archive of the webcast can be accessed through the same link. Participants who choose to call in to the conference call can do so by dialing domestically 866-901-SFDC or 866-901-7332 and internationally 706-902-1764. A replay will be available at (800) 642-1687 or (706) 645-9291, passcode 34062469, until midnight (EST) March 7, 2008.

    About salesforce.com

    Salesforce.com is the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS). The company's portfolio of SaaS applications, including its award-winning CRM application, available at http://www.salesforce.com/products/, has revolutionized the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Applications built on the Force.com platform, available at http://www.force.com/, can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace available at http://www.salesforce.com/appexchange.

    As of January 31, 2008, salesforce.com manages customer information for approximately 41,000 customers including ABN AMRO, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, Sprint Nextel, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.

    "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements about expected revenue and GAAP earnings per share for the first fiscal quarter of 2009 and the full fiscal year 2009, and our expected tax rate, stock based compensation expense, amortization rate, and shares outstanding, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make.

    The risks and uncertainties referred to above include -- but are not limited to -- risks associated with possible fluctuations in our financial and operating results, rate of growth and anticipated revenue run rate; errors, interruptions or delays in our service or our Web hosting; breaches of our security measures; the nature of our business model; our ability to continue to release and gain customer acceptance of new and improved versions of our service; successful customer deployment and utilization of our existing and future services; competition; various financial aspects of our subscription model; the emerging market in which we operate; our ability to hire, retain and motivate our employees and manage our growth; changes in our customer base; technological developments; unanticipated changes in our effective tax rate; and fluctuations in the number of shares we have outstanding, the price of such shares, foreign currency exchange rates and interest rates.

    Further information on these and other factors that could affect our financial results is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings we make with the Securities and Exchange Commission from time to time, including Form 10-Q for the quarter ended October 31, 2007 and our Form 10-K for the fiscal year ended January 31, 2007. These documents are available on the SEC Filings section of the Investor Information section of our website at http://www.salesforce.com/investor.

    Salesforce.com, inc. assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

    Copyright (c) 2008 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.

    salesforce.com, inc. Condensed Consolidated Statements of Operations (in thousands, except per share data) (Unaudited) Three Months Ended Year Ended January 31, January 31, 2008 2007 2008 2007 Revenues: Subscription and support $196,517 $132,071 $680,581 $451,660 Professional services and other 20,389 12,151 68,119 45,438 Total revenues 216,906 144,222 748,700 497,098 Cost of revenues (1): Subscription and support 24,822 16,279 91,268 61,457 Professional services and other 21,909 17,560 80,323 57,433 Total cost of revenues 46,731 33,839 171,591 118,890 Gross profit 170,175 110,383 577,109 378,208 Operating expenses (1): Research and development 17,703 13,331 63,812 44,614 Marketing and sales 106,123 74,582 376,480 252,935 General and administrative 35,619 24,546 116,508 84,257 Total operating expenses 159,445 112,459 556,800 381,806 Income (loss) from operations 10,730 (2,076) 20,309 (3,598) Interest, net 7,315 4,503 24,493 14,784 Gain on sale of investment 0 0 1,272 0 Other income (expense) (595) 1,463 139 1,310 Income before provision for income taxes and minority interest 17,450 3,890 46,213 12,496 Provision for income taxes (8,296) (2,659) (23,385) (9,795) Income before minority interest 9,154 1,231 22,828 2,701 Minority interest in consolidated joint venture (1,775) (715) (4,472) (2,220) Net income $7,379 $516 $18,356 $481 Basic net income per share $0.06 $0.00 $0.16 $0.00 Diluted net income per share $0.06 $0.00 $0.15 $0.00 Shares used in computing basic net income per share 118,757 113,905 116,840 112,386 Shares used in computing diluted net income per share 123,680 121,259 122,422 120,154 (1) Amounts include stock-based expenses, as follows: Cost of revenues $2,173 $1,622 $7,926 $5,522 Research and development 1,864 1,322 6,336 4,523 Marketing and sales 7,226 5,366 25,423 18,392 General and administrative 4,323 2,856 15,522 10,768 Total stock-based expenses $15,586 $11,166 $55,207 $39,205 salesforce.com, inc. Condensed Consolidated Statements of Operations As a percentage of total revenues: (Unaudited) Three Months Ended Year Ended January 31, January 31, 2008 2007 2008 2007 Revenues: Subscription and support 91% 92% 91% 91% Professional services and other 9 8 9 9 Total revenues 100 100 100 100 Cost of revenues: Subscription and support 11 11 12 12 Professional services and other 11 12 11 12 Total cost of revenues 22 23 23 24 Gross profit 78 77 77 76 Operating expenses: Research and development 8 9 8 9 Marketing and sales 49 52 50 51 General and administrative 16 17 16 17 Total operating expenses 73 78 74 77 Income (loss) from operations 5 (1) 3 (1) Interest, net 3 3 3 4 Gain on sale of investment 0 0 0 0 Other income (expense) 0 1 0 0 Income before provision for income taxes and minority interest 8 3 6 3 Provision for income taxes (4) (2) (3) (2) Income before minority interest 4 1 3 1 Minority interest in consolidated joint venture (1) (1) (1) (1) Net income 3% 0% 2% 0% Stock-based expenses as a percentage of total revenues, as follows: Cost of revenues 1% 1% 1% 1% Research and development 1 1 1 1 Marketing and sales 3 4 3 4 General and administrative 2 2 2 2 Total stock-based expenses 7% 8% 7% 8% salesforce.com, inc. Condensed Consolidated Balance Sheets (in thousands) January 31, January 31, 2008 2007 (unaudited) Assets Current assets: Cash and cash equivalents $279,095 $86,608 Short-term marketable securities 171,748 165,816 Accounts receivable, net 220,061 128,693 Deferred commissions 35,679 22,072 Deferred income taxes 7,173 228 Prepaid expenses and other current assets 27,055 15,679 Total current assets 740,811 419,096 Marketable securities, noncurrent 218,957 160,088 Fixed assets, net 41,380 30,155 Deferred commissions, noncurrent 16,435 9,478 Deferred income taxes, noncurrent 26,512 20,625 Capitalized software, net 23,061 10,983 Goodwill 8,556 6,705 Other assets 13,881 7,702 Total assets $1,089,593 $664,832 Liabilities and stockholders' equity Current liabilities: Accounts payable $7,478 $8,870 Accrued expenses and other current liabilities 125,996 77,327 Income taxes payable 3,622 6,739 Deferred revenue 468,821 280,255 Total current liabilities 605,917 373,191 Income taxes payable, noncurrent 8,465 0 Long-term lease abandonment liability and other 2,136 1,408 Deferred revenue, noncurrent 12,073 3,808 Minority interest 8,943 4,634 Total liabilities 637,534 383,041 Stockholders' equity: Common stock 119 115 Additional paid-in capital 471,802 319,496 Accumulated other comprehensive loss (2,276) (2,187) Accumulated deficit (17,586) (35,633) Total stockholders' equity 452,059 281,791 Total liabilities and stockholders' equity $1,089,593 $664,832 salesforce.com, inc. Condensed Consolidated Statements of Cash Flows (Unaudited) Three Months Ended Year Ended January 31, January 31, 2008 2007 2008 2007 Operating activities: Net income $7,379 $516 $18,356 $481 Adjustments to reconcile net income to net cash provided by operating activities: Gain on sale of investment 0 0 (1,272) 0 Minority interest 1,775 715 4,472 2,220 Depreciation and amortization 6,568 3,737 24,219 12,504 Amortization of deferred commissions 12,468 6,776 42,195 23,381 Change in the deferred income tax valuation allowance (970) 0 (970) 0 Expenses related to stock-based awards 15,586 11,166 55,207 39,205 Excess tax benefits from employee stock plans (7,474) (5,768) (31,978) (16,574) Changes in assets and liabilities 45,461 21,017 94,046 50,007 Net cash provided by operating activities 80,793 38,159 204,275 111,224 Investing activities: Business combination 0 0 0 (15,502) Purchase of subsidiary stock 0 (2,777) 0 (2,777) Changes in marketable securities 22,271 (25,042) (60,816) (128,194) Capital expenditures (8,369) (7,625) (43,552) (22,123) Gain on sale of investment 0 0 1,659 0 Net cash provided by (used in) investing activities 13,902 (35,444) (102,709) (168,596) Financing activities: Proceeds from the exercise of stock options and warrants 16,620 8,042 60,910 29,082 Excess tax benefits from employee stock plans 7,474 5,768 31,978 16,574 Principal payments on capital lease obligations (6) (158) (175) (617) Repurchase of unvested shares 0 (2) 0 (12) Net cash provided by financing activities 24,088 13,650 92,713 45,027 Effect of exchange rate changes (449) (81) (1,792) (889) Net increase (decrease) in cash and cash equivalents 118,334 16,284 192,487 (13,234) Cash and cash equivalents, beginning of period 160,761 70,324 86,608 99,842 Cash and cash equivalents, end of period $279,095 $86,608 $279,095 $86,608 salesforce.com, inc. Additional Metrics (Unaudited) Jan 31, Oct 31, Jul 31, Apr 30, Jan 31, Oct 31, 2008 2007 2007 2007 2007 2006 Full Time Equivalent Headcount 2,606 2,461 2,302 2,243 2,070 1,807 Financial data (in thousands): Cash, cash equivalents and marketable securities $669,800 $571,003 $497,191 $448,071 $412,512 $371,278 Deferred revenue, current and non- current $480,894 $340,808 $321,852 $295,672 $284,063 $219,431 Three Months Ended January 31, Year Ended January 31, 2008 2007 2008 2007 Revenues by geography (in thousands): Americas $158,499 $110,752 $557,976 $387,570 Europe 38,396 22,631 127,010 75,026 Asia Pacific 20,011 10,839 63,714 34,502 $216,906 $144,222 $748,700 $497,098 As a percentage of total revenues: Revenues by geography: Americas 73% 77% 75% 78% Europe 18 16 17 15 Asia Pacific 9 7 8 7 100% 100% 100% 100%

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com salesforce.com, inc.

    CONTACT: Investor Relations, David Havlek, +1-415-536-2171,
    dhavlek@salesforce.com, or Public Relations, Jane Hynes, +1-415-901-5079,
    jhynes@salesforce.com, both of salesforce.com

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




    Synopsys CEO Aart de Geus to Speak at the 2008 Morgan Stanley Technology Conference

    MOUNTAIN VIEW, Calif., Feb. 27 /PRNewswire-FirstCall/ -- Synopsys, Inc. , a world leader in software and IP for semiconductor design and manufacturing, today announced that CEO, Aart de Geus, will speak at the 2008 Morgan Stanley Technology Conference.

    This event will be broadcast live on the Internet via the Synopsys corporate website March 5, 2008 at 9:30 a.m. PT (12:30 p.m. ET). To access the live webcast presentation, please go to the website at least 10 minutes early to register and to download any necessary software. The webcast replay of the presentation can be accessed at the Synopsys corporate website within approximately 30 minutes following the conclusion of the live event.

    About Synopsys

    Synopsys, Inc. is a world leader in electronic design automation (EDA) software for semiconductor design. The Company delivers technology-leading system and semiconductor design and verification platforms, IC manufacturing and yield optimization solutions, semiconductor intellectual property and design services to the global electronics market. These solutions enable the development and production of complex integrated circuits and electronic systems. Through its comprehensive solutions, Synopsys addresses the key challenges designers and manufacturers face today, including power management, accelerated time to yield and system-to-silicon verification. Synopsys is headquartered in Mountain View, California, and has more than 60 offices located throughout North America, Europe, Japan and Asia. Visit Synopsys online at http://www.synopsys.com/.

    Synopsys is a registered trademark of Synopsys, Inc. All other trademarks or registered trademarks mentioned in this release are the intellectual property of their respective owners.

    Investor Contact: Roberta Reid Synopsys, Inc. (650) 584-1901

    Synopsys, Inc.

    CONTACT: Investors, Roberta Reid of Synopsys, Inc., +1-650-584-1901

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




    WEGENER Teams with ViaSat to Support Video Multicasts over VSAT Network

    DULUTH, Ga., Feb. 27 /PRNewswire-FirstCall/ -- Wegener Corporation , a leading provider of equipment for television, audio and data distribution networks worldwide, today announced the operation of live video broadcasts on a VSAT network from ViaSat Inc. , showing compatibility of WEGENER's video overlay solution for VSAT networks. VSAT networks provide bandwidth efficient solutions for distributing interactive IP data between thousands of data centers, retail locations, corporate LANS, schools, the Internet, and home offices. Using standard ViaSat LinkStar(R) uplink and downlink equipment WEGENER added live high definition (HD) and standard definition (SD) video streams to a VSAT network traditionally used to transmit data files. Artifact-free video was successfully decoded by the WEGENER SMD 515 IPTV set top box.

    "ViaSat's innovative communication networks provide a great complement to WEGENER's private network video products," said Ned L. Mountain, President and COO of WEGENER. "We want to create more opportunities to present compelling branding, advertising and informational data to new environments by combining advanced video compression, VSAT architecture and file-based content delivery. VSAT networks are a new market for our enterprise video equipment."

    ViaSat VSAT products include hub-based IP data access systems for building enterprise or service provider networks, and mesh and hybrid architecture products for extending networks to locations not served by terrestrial alternatives.

    For the initial configuration, continuous IP multicasts of MPEG-2 HD and SD video were fed through ViaSat's uplink switch, QOS and modulator, before transmission over a Ku satellite link. At the receive end, the signal was processed by a ViaSat LinkStar terminal, and ultimately the WEGENER SMD 515 IPTV set top box decoded the video streams.

    "We continue to explore bridge technologies that enable us to provide more applications on our networks," said Mike Kreller, VP and general manager of ViaSat VSAT Networks. "The ability to support high-quality video is another advantage for our customers."

    ABOUT WEGENER

    WEGENER(R) (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation , is an international provider of digital solutions for video, audio, and IP data networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music and financial information distribution. COMPEL(R), WEGENER's patented network control system, provides networks with unparalleled ability to regionalize programming and commercials. COMPEL(R) network control capability is integrated into WEGENER(R) digital satellite receivers. WEGENER(R) can be reached at +1.770.814.4000 or on the World Wide Web at http://www.wegener.com/.

    WEGENER, COMPEL, COMPEL CONTROL, iPUMP, MEDIAPLAN, UNITY, ASSURED FILE DELIVERY, PANDA, PROSWITCH, VIDATA, the stylized W-design logo (for WEGENER), the stylized C-design logo (for Compel) and the stylized PANDA design logo are all registered trademarks of WEGENER(R). All Rights Reserved.

    ABOUT VIASAT

    ViaSat produces innovative satellite and other digital communication products that enable fast, secure, and efficient communications to any location. The company provides networking products and managed network services for enterprise IP applications; is a key supplier of network-centric military communications and encryption technologies to the U.S. government; and is the primary technology partner for gateway and customer-premises equipment for consumer and mobile satellite broadband services. The company owns five subsidiaries: US Monolithics, Efficient Channel Coding, Enerdyne Technologies, Intelligent Compression Technologies, and JAST. These companies design and produce complementary products such as monolithic microwave integrated circuits, DVB-S2 satellite communication components, video data link systems, data acceleration and compression products, and mobile satellite antenna systems. ViaSat has locations in Carlsbad, CA, and Duluth, GA, along with its Comsat Laboratories division in Germantown, MD. Additional field offices are located in Boston, MA, Baltimore, MD, Washington DC, Australia, China, India, Italy, and Spain.

    This news release may contain forward-looking statements within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995, and the Company intends that such forward- looking statements are subject to the safe harbors created thereby. Forward- looking statements may be identified by words such as "believes," "expects," "projects," "plans," "anticipates," and similar expressions, and include, for example, statements relating to expectations regarding future sales, income and cash flows. Forward-looking statements are based upon the Company's current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced products, development of additional business for the Company's digital video and audio transmission product lines, effectiveness of the sales organization, the successful development and introduction of new products in the future, delays in the conversion by private and broadcast networks to next generation digital broadcast equipment, acceptance by various networks of standards for digital broadcasting, the Company's liquidity position and capital resources, general market conditions which may not improve during fiscal year 2008 and beyond, and success of the Company's research and development efforts aimed at developing new products. Discussion of these and other risks and uncertainties are provided in detail in the Company's periodic filings with the SEC, including the Company's most recent Annual Report on Form 10-K. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. Forward-looking statements speak only as of the date the statement was made. The Company does not undertake any obligation to update any forward-looking statements.

    Wegener Corporation

    CONTACT: Robin Hoffman of Pipeline Communications, +1-973-746-6970,
    robinh@pipecomm.com, for Wegener Corporation; or Troy Woodbury, Investor
    Relations of WEGENER, +1-770-814-4000, FAX: +1-770-623-9648, info@wegener.com

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




    ACS Elects Paul Sullivan to Board of Directors

    DALLAS, Feb. 27 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. announced the election of Paul E. Sullivan to the company's Board of Directors. Sullivan will be an independent director and serve on the board's Audit Committee and Nominating and Corporate Governance Committee.

    Sullivan, 63, is currently a member of the law firm of Frost Brown Todd, LLC, in Lexington, Ky. In addition to his professional experience, Sullivan has a long record of public service. He was General Counsel to the Kentucky Department of Banking and Securities and served as General Counsel to the U.S. Department of Labor. Prior to joining Frost Brown Todd, Sullivan was a partner with Park & Sullivan, which merged to form Frost Brown Todd, LLC.

    "Paul's extensive corporate and commercial experience is ideally suited to his new role as a member of ACS' Board of Directors," said Lynn Blodgett, President and Chief Executive Officer. "With his record of accomplishment in business, government and the boardroom, we are indeed fortunate to have Paul join ACS."

    In addition to more than 30 years of practicing law, Sullivan is a member of the board of directors of the Central Bank and Trust where he has served on the audit, trust and compensation committees. Sullivan also serves on the board's Central Bancshares, Inc., and FSB, an affiliate savings bank. Sullivan attended the University of Kentucky where he earned a B.A. in Economics and a J.D. degree in law.

    The ACS Board of Directors now consists of six directors, including four independent directors.

    ACS, a global FORTUNE 500 company with 62,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Learn more about ACS at http://www.acs-inc.com/.

    Affiliated Computer Services, Inc.

    CONTACT: Investors, Jon Puckett, Vice President, Investor Relations of
    Affiliated Computer Services, Inc., +1-214-841-8281, Jon.Puckett@acs-inc.com;
    or Media, Kevin Lightfoot, Vice President, Corporate Communications of
    Affiliated Computer Services, Inc., +1-214-841-8191,
    Kevin.Lightfoot@acs-inc.com

    Web site: http://www.acs-inc.com/




    Hologic to Present at Susquehanna's Significant Options in Healthcare Conference

    BEDFORD, Mass., Feb. 27 /PRNewswire-FirstCall/ -- Hologic, Inc. today announced that Patrick Sullivan, Executive Chairman and Glenn Muir, Chief Financial Officer, will be presenting at Susquehanna's Significant Options in Healthcare Conference being held March 4-5, 2008 at the W Hotel in New York City, NY.

    Interested parties are invited to listen to a live audio webcast of Hologic's investor presentation on Wednesday, March 5, 2008 at 8:00 a.m. Eastern Time on the investor section of the Company's website at http://www.hologic.com/investor. An archive of the presentation will be available for replay following the conference.

    About Hologic, Inc.

    Hologic, Inc. is a leading developer, manufacturer and supplier of premium diagnostics, medical imaging systems and surgical products dedicated to serving the healthcare needs of women. Hologic leads the industry in digital mammography systems and offers the most advanced technology for breast imaging and breast biopsy. Hologic's core business units are focused on breast health, diagnostics, GYN surgical, and skeletal health. Hologic provides a comprehensive suite of technologies with products for mammography and breast biopsy, radiation treatment for early-stage breast cancer, cervical cancer screening, treatment for menorrhagia, osteoporosis assessment, preterm birth risk assessment, and mini C-arm for extremity imaging. For more information visit http://www.hologic.com/ .

    Contact: Glenn P. Muir Frances Crecco Executive Vice President and CFO Director, Investor Relations Hologic, Inc. Hologic, Inc. (781) 999-7300 (781) 999-7377

    Hologic, Inc.

    CONTACT: Glenn P. Muir, Executive Vice President and CFO,
    +1-781-999-7300, or Frances Crecco, Director, Investor Relations,
    +1-781-999-7377, both of Hologic, Inc.

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




    Cenveo Expects to Release Fiscal 2007 Results by March 13, 2008

    STAMFORD, Conn., Feb. 27 /PRNewswire-FirstCall/ -- Cenveo, Inc. today announced that it expects to file its annual report on Form 10-K for the year ended December 29, 2007 (the "Form 10-K") by March 13, 2008.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20070618/CENVEOLOGO)

    Cenveo requires additional time to file its Form 10-K and complete its required year-end audit. The delay is intended to allow for the completion of an internal review being conducted under the direction of the Company's audit committee as a result of senior management's learning of unsupported accounting entries made by a former plant controller for two plants in the Company's envelope division, which will facilitate the completion of the annual audit. Accordingly, the Company will file today with the Securities and Exchange Commission a Notification of Late Filing on Form 12b-25 with respect to its Form 10-K for fiscal 2007.

    Based on information that is currently available to it, the Company currently believes that it will meet the annual financial targets relating to 2007 that it affirmed in January 2008. However, no assurance can be given that the Company will report that it has met these targets after completion of the internal review referred to above and the annual audit of the Company's financial statements.

    Robert G. Burton, Chairman and Chief Executive Officer stated:

    "We are working expeditiously to complete the internal review, facilitate the completion of the 2007 audit and finalize our financial statements and we intend to file our Form 10-K as quickly as practicable. Although our year-end results have not been finalized, I can confirm that we were able to generate strong cash flow from operations during the fourth quarter and were able to decrease our net debt by approximately $25 million during the quarter. I am still very optimistic regarding our prospects in 2008 as our operating momentum remains strong. I remain as committed as ever to the Company and its future as evidenced by my recent share purchases and the extension of my employment contract through 2012."

    The Company expects to file its annual Form 10-K for its Fiscal Year 2007 by March 13, 2008, however there can be no assurance given that the Company will be able to meet this date. Also, as a result of the ongoing review the Company is evaluating the impact, if any, related to certain of its financial statements issued in 2007 and 2006.

    Conference Call:

    Cenveo will host a conference call and simultaneous webcast today, Wednesday February 27, 2008, at 5 p.m. Eastern Time. Individuals wishing to participate can join the conference call by dialing (877) 261-1250 or (706) 758-1648. In addition, a telephonic replay of the call will be available at (800) 642-1687 or (706) 645-9291. The conference call will be available via webcast, which can be accessed via the Internet at http://www.cenveo.com/.

    Cenveo, headquartered in Stamford, Connecticut, is a leader in the management and distribution of print and related products and services. The Company provides its customers with low-cost solutions within its core businesses of commercial printing and packaging, envelope, form, and label manufacturing, and publisher services; offering one-stop services from design through fulfillment. With over 10,000 employees worldwide, Cenveo delivers everyday for its customers through a network of production, fulfillment, content management, and distribution facilities across the globe.

    Statements made in this release, other than those concerning historical financial information, may be considered "forward-looking statements," which are based upon current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. In view of such uncertainties, investors should not place undue reliance on our forward-looking statements. Such statements speak only as of the date of this release, and we undertake no obligation to update any forward-looking statements made herein. Factors that could cause actual results to differ materially from management's expectations include, without limitation: (1) our substantial indebtedness impairing our financial condition and limiting our ability to incur additional debt; (2) the terms of our indebtedness imposing significant restrictions on our operating and financial flexibility; (3) the potential to incur additional indebtedness, exacerbating the above factors; (4) cross default provisions in our indebtedness, which could cause all of our debt to become due and payable as a result of a default under an unrelated debt instrument; (5) our ability to successfully integrate acquisitions; (6) intense competition in our industry; (7) the absence of long-term customer agreements in our industry, subjecting our business to fluctuations; (8) factors affecting the U.S. postal services impacting demand for our products; (9) increases in paper costs and decreases in its availability; (10) the availability of the Internet and other electronic media affecting demand for our products; (11) our labor relations; (12) compliance with environmental rules and regulations; (13) dependence on key management personnel; (14) general economic, business and labor conditions; and (15) absence of control over audit completion timing and potential absence of final results of such audit. This list of factors is not exhaustive, and new factors may emerge or changes to the foregoing factors may occur that would impact the Company's business. Additional information regarding these and other factors can be found in Cenveo, Inc.'s periodic filings with the SEC, which are available at http://www.cenveo.com/.

    Inquiries from analysts and investors should be directed to Robert G. Burton, Jr. at (203) 595-3005.

    Photo: http://www.newscom.com/cgi-bin/prnh/20070618/CENVEOLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Cenveo, Inc.

    CONTACT: Robert G. Burton, Jr. of Cenveo, Inc., +1-203-595-3005

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




    Department of Justice Clears Oracle's Acquisition of BEA

    SAN JOSE, Calif., Feb. 27 /PRNewswire-FirstCall/ -- BEA Systems, Inc. , a world leader in enterprise infrastructure software, today announced that the U.S. Department of Justice and Federal Trade Commission have granted early termination of the Hart-Scott-Rodino (HSR) review period for Oracle Corporation's proposed acquisition of BEA. As previously announced, BEA has scheduled a special meeting of its stockholders, to be held at 10:00 a.m. Pacific time on Friday, April 4, 2008, to consider and vote on the proposed merger. The transaction still requires BEA stockholder approval and regulatory clearance from the European Commission and is subject to other closing conditions.

    About BEA Systems, Inc.

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

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

    Cautionary Statement Regarding Forward-Looking Statements

    This document contains certain forward-looking statements about BEA that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, but are not limited to, the risk that Nasdaq may delist BEA's common stock for failure to comply with any Nasdaq listing requirement; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the outcome of any legal proceedings that may be instituted against BEA and others following announcement of the proposal or the merger agreement; the inability to complete the merger due to the failure to obtain stockholder approval; the inability to obtain necessary regulatory approvals required to complete the merger; the risk that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the ability to recognize the benefits of the merger or of any combination of BEA and Oracle; the timing of the initiation, progress or cancellation of significant contracts or arrangements; the mix and timing of services sold in a particular period; and the possibility that BEA may be adversely affected by other economic, business, and/or competitive factors. BEA is under no duty to update any of the forward-looking statements after the date of this document to conform to actual results.

    These and other risks are set forth in the "Risk Factors," "Legal Proceedings" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of and elsewhere in BEA's Form 10-K for the year ended January 31, 2007 that was filed with the Securities and Exchange Commission on November 15, 2007. Many of the factors that will determine the outcome of the subject matter of this release are beyond BEA's ability to control or predict.

    Important Additional Information Regarding the Merger.

    In connection with the proposed merger, on February 7, 2008, BEA filed a preliminary proxy statement with the Securities and Exchange Commission (the "SEC"). Investors and security holders are advised to read the preliminary proxy statement and, when it becomes available, the definitive proxy statement as well as any other relevant documents filed with the SEC when they become available because they will contain important information about the merger and the parties to the merger. Investors and security holders may obtain a free copy of the proxy statements and other documents filed by BEA at the SEC website at http://www.sec.gov/. The proxy statements and other documents filed by BEA with the SEC also may be obtained for free at BEA's Internet website at http://www.bea.com/investors or by writing to BEA Systems, Inc., 2315 North First Street, San Jose, CA 95131, Attn: Investor Relations Department. In connection with the special meeting of BEA stockholders to approve the adoption of merger agreement, BEA will mail copies of the definitive proxy statement to BEA stockholders who are entitled to attend and vote at the special meeting.

    The information in the preliminary proxy statement is not complete and may be changed. Before making any voting or investment decisions with respect to the proposed acquisition or any of the other matters with respect to which BEA's stockholders will be asked to vote pursuant to the proxy statement, BEA's stockholders are urged to read the definitive proxy statement and other documents filed by BEA when they become available.

    BEA Systems, Inc.

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

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




    Limelight Networks Chief Executive Officer Jeff Lunsford to Present at Morgan Stanley Technology Conference

    TEMPE, Ariz., Feb. 27 /PRNewswire-FirstCall/ -- Limelight Networks, Inc. Chief Executive Officer Jeff Lunsford will present at the Morgan Stanley Technology Conference, held at the St. Regis Resort in Dana Point, California.

    The session will begin at approximately 2:45pm Pacific Standard Time, U.S.A., on Tuesday, March 4, 2008. Investors may listen to the live webcast through the company's investor relations website, at http://www.llnw.com/ .

    About Limelight Networks

    Limelight Networks, Inc. is re-inventing content delivery over the Internet, by enabling any digital asset in a media library to instantly be delivered and monetized. Thousands of entertainment, technology, enterprise and government organizations around the world trust our innovative approach to create an unparalleled digital experience for their end-users.

    Our architecture bypasses the busy public Internet, instead securely delivering live or on-demand content over a dedicated optical network that interconnects with thousands of servers and more than 800 broadband providers around the world. Together with our passion for customer service and proactive support, the Limelight Network delivers more than objects -- it delivers brilliance.

    For more information, visit http://www.limelightnetworks.com/.

    Copyright (C)2008 Limelight Networks, Inc. All rights reserved. All product or service names are the property of their respective owners.

    Limelight Networks, Inc.

    CONTACT: Media and Investors, Paul Alfieri of Limelight Networks, Inc.,
    +1-917-297-4241, palfieri@llnw.com

    Web site: http://www.limelightnetworks.com/
    http://www.llnw.com/




    CIBER Authorizes Additional $10 Million Buybacks

    GREENWOOD VILLAGE, Colo., Feb. 27 /PRNewswire-FirstCall/ -- CIBER, Inc. today announced its Board of Directors has authorized the purchase of up to $10 million of common shares. CIBER has purchased 685,000 shares of common stock in open-market transactions from January 1 through February 26, 2008, and the prior authorization is virtually utilized at this time.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO)

    "Revenue set a company record in 2007 and earnings were the greatest since 1999, and we have provided an outlook for increases in 2008, yet market conditions have not allowed these to be reflected in shareholder value changes. We continue to expect in improved performances from our business model, and we believe this is a valuable way to support shareholders' interest," said Mac Slingerlend, CIBER's President and Chief Executive Officer.

    About CIBER, Inc.

    CIBER, Inc. is a pure-play international system integration consultancy with superior value-priced services and reliable delivery for both private and government sector clients. CIBER's services are offered globally on a project- or strategic-staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974 and headquartered in Greenwood Village, Colo., CIBER now serves client businesses from over 60 U.S. offices, 25 European offices and seven offices in Asia/Pacific. Operating in 18 countries, with more than 8,000 employees and annual revenue over $1 billion, CIBER and its IT specialists continuously build and upgrade clients' systems to "competitive advantage status." CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, ALWAYS ABLE. http://www.ciber.com/. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc. Copyright(C) 2008.

    Forward-Looking and Cautionary Statements

    Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements.

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com CIBER, Inc.

    CONTACT: Jennifer Matuschek, VP|Investor Relations,
    jmatuschek@ciber.com, or Diane Stoner, Media Relations, dstoner@ciber.com,
    both of CIBER, Inc., +1-303-220-0100

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




    Ryan Companies Goes Live With Proliance Software From Meridian SystemsCapital project management solution replaces legacy and paper based systems

    FOLSOM, Calif., Feb. 27 /PRNewswire/ -- Meridian Systems, a software solutions leader for improving capital program and construction project performance announced today that Ryan Companies US, Inc. has completed the implementation of Meridian's Proliance(R) software to replace its existing custom legacy and paper-based business systems. Ryan is a leading national commercial real estate firm offering integrated design-build and development as well as asset, property and facilities management services to customers.

    Proliance software improves capital project performance by streamlining the plan-build-operate lifecycle, and reducing development, construction and facility costs. The Ryan integrated technology solution includes Proliance for design-build project controls, Oracle/JD Edwards EnterpriseOne for financials and real estate management, and Oracle/IPM for imaging and process management.

    "Because we were pursuing several growth initiatives, it became essential for Ryan to implement a new technology platform to support its growth," said John Leeper, CIO, Ryan Companies. "Proliance allows us to improve collaboration and visibility across all projects and programs, and is a key component of an integrated solution that streamlines our construction management, real estate management, human capital management and financial reporting processes."

    Meridian Professional Services worked with Ryan to implement Proliance in phases, initially focusing on Office and Field Management modules followed by Budget, Cost and Contract Management. Meridian also delivered customized business solutions to automate contract master agreements, registration controls and streamline the management of budgets. In addition Ryan partnered with Morpheus Technology Group (MTG), an authorized Meridian Systems Integration Partner, to integrate Proliance with JD Edwards EnterpriseOne. MTG worked closely with the Ryan team to integrate Proliance Vendors, Contacts, Budget, Cost and Contract Management with EnterpriseOne and to migrate historical data into the Proliance system prior to "go live."

    "The Proliance technology platform supports several levels of integration; this combined with MTG's integration expertise essentially created one capital projects system of record, connecting Oracle/JDE E1 and Proliance," said Sallie Sutter, vice president of client services at Meridian Systems. "This unique integration can ultimately change the way Ryan as a company manages construction programs and projects going forward."

    Proliance uniquely combines project and portfolio management, facilities management, business process management and business analytics into one system of record, enabling large enterprises to track how their real estate, construction and facilities portfolios are performing. For more information on Proliance, call Meridian at (800) 850 2660, or visit: http://www.meridiansystems.com/products/proliance/index.asp.

    About Ryan Companies US, Inc.

    Ryan Companies US, Inc. is a leading national commercial real estate firm offering integrated design-build and development as well as asset, property and facilities management services to customers. For more than 69 years, Ryan has used a single-source approach that offers flexibility in defining the scope of a project and strength in providing effective, timely solutions resulting in a higher certainty of success. In addition to its Minneapolis office, Ryan has offices in Chicago, Phoenix, San Diego, Tampa, Cedar Rapids, Davenport and Des Moines, Iowa. For more information, visit http://www.ryancompanies.com/.

    About Morpheus Technology Group

    MTG partners with organizations in the delivery of enterprise integration solutions. Success requires the on-time and within budget delivery of integration solutions that move data between applications while maintaining organizational control and supporting application business rules. For more information, visit http://www.morpheustechgroup.com/.

    About Meridian Systems

    Meridian Systems, a Trimble Company , provides software solutions that improve capital program, project and facility performance. Meridian product and service offerings enable building owners, construction firms, and public agencies to streamline the plan-build-operate project lifecycle, reducing construction costs, schedules, and project risk. For more information, visit http://www.meridiansystems.com/.

    Meridian Systems

    CONTACT: Tamara Kaestner, Marketing Programs Manager of Meridian
    Systems, +1-916-294-2375, tkaestner@meridiansystems.com

    Web site: http://www.meridiansystems.com/
    http://www.morpheustechgroup.com/
    http://www.ryancompanies.com/




    Optics Pioneer, Bob Tkach of Alcatel-Lucent Bell Labs, Receives 2008 John Tyndall Award

    SAN DIEGO, California, February 27 /PRNewswire-FirstCall/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that Bob Tkach, director of Transmission Systems research at Bell Labs, received the 22nd John Tyndall Award, the highest recognition in the optical telecommunications community, during a ceremony at the OFC/NFOEC conference in San Diego, California. Tkach was recognized for his long and prolific body of optical networking research that includes inventing many of the fundamental technologies that are now the basis of high-capacity wave division multiplexing (WDM) systems. These include:

    TrueWave(R) Optical Fiber, now generically known as NZDF (non-zero dispersion fiber), was a major leap forward in optical fiber and constitutes a major portion of the long-haul fiber plants in North America.

    Dispersion-management, without which optically amplified high-speed long-haul optical fiber systems would be impossible.

    Optical Pre-emphasis, which facilitates equalization of optical powers or optical signal-to-noise-ratios of all the WDM wavelength channels propagating in a fiber; and many other innovations.

    Bestowed jointly by the Optical Society of America and the IEEE Lasers and Electro-Optics Society (LEOS), this award is given annually to a single individual that "has made outstanding contributions of proven benefit in any area of optical telecommunications."

    The citation for Tkach's award reads: "For pioneering breakthroughs in high-capacity transmission systems and networks, including the invention of non-zero dispersion fiber and dispersion management of optical fiber nonlinearities."

    Of the 22 Tyndall Awards given since the program's inception in 1987, 10 have been awarded to scientists for discoveries and innovations they developed while at Bell Labs. This is the second year in a row that Alcatel-Lucent has won this award. At OFC 2007 Emmanuel Desurvire, former senior director of Photonic Technologies within Alcatel-Lucent's Optics division and, before that, a research with Bell Labs and the former Alcatel research center, received the 21st Tyndall Award.

    "This indeed is a proud moment for Bob, for Bell Labs, and for Alcatel-Lucent," said Jeong Kim, Bell Labs president. "It is richly deserved. For Alcatel-Lucent to receive this award back-to-back further demonstrates the continuing and outstanding strides made by researchers from Bell Labs in the field of optics."

    During Tkach's long career he has received many awards and recognitions for his outstanding contributions to the optical networking community. He is currently the Chair of the Optical Fiber Communications Conference Steering Committee and has served as the General Co-Chair of OFC, Vice-President of the Optical Internetworking Forum, Associate Editor of the Journal of Lightwave Technology, and sat on the IEEE LEOS Board of Governors. In 1999, Bob received the Thomas Alva Edison Patent Award from the Research and Development Council of New Jersey for inventing Truewave Optical Fiber and is a Fellow of the Optical Society of America, the IEEE, and AT&T.

    About John Tyndall Award

    John Tyndall paved the way for today's optical communications by demonstrating that light can propagate through a tube of water by multiple internal reflections. This effect was the forerunner of today's principle of guiding light in optical fibers. The IEEE Lasers and Electro-Optics Society (LEOS) and the Optical Society of America (OSA) jointly sponsor the John Tyndall Award, which is endowed by Corning Inc.

    About Alcatel-Lucent

    Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/

    Alcatel-Lucent

    CONTACT: Alcatel-Lucent Press Contacts: Régine Coqueran Tel:
    +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Stéphane Lapeyrade
    Tel: +33(0)1-40-76-12-74; stephane.lapeyrade@alcatel-lucent.com;
    Alcatel-Lucent Investor Relations, Rémi Thomas Tel: +33(0)1-40-76-50-61,
    remi.thomas@alcatel-lucent.com; Maria Alcon Tel: +33(0)1-40-76-15-17,
    maria.alcon@alcatel-lucent.com; John DeBono, Tel: +1-908-582-7793,
    debono@alcatel-lucent.com; Tony Lucido Tel: +33(0)1-40-76-49-80,
    alucido@alcatel-lucent.com; Don Sweeney Tel: +1-908-582-6153,
    dsweeney@alcatel-lucent.com




    Superstar Alan Jackson to Take Over SIRIUS Satellite Radio's Prime Country ChannelExclusive radio special will debut February 29 and run through March 4

    NEW YORK, Feb. 27 /PRNewswire-FirstCall/ -- To celebrate the release of his 17th album, Good Time, superstar Alan Jackson will take over SIRIUS Satellite Radio's Prime Country channel for five days. The exclusive channel will be hosted by Jackson and feature a preview of the 17 songs on his new album.

    (Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )

    In addition, Jackson will share songs and stories from his illustrious career. Alan Jackson Good Time Radio will premiere on SIRIUS channel 61, this Friday, February 29th at 5 pm ET and run through Tuesday, March 4th.

    A GRAMMY(R)-winning, three-time CMA Entertainer of the Year, Jackson has built a remarkable career, generating an amazing string of hit records since the 1990 release of his debut album, Here in the Real World. Over 18 years, Jackson has amassed an astonishing 31 number one singles, with an additional 15 top five hits, including his current smash, "Small Town Southern Man." Good Time, due out in stores on March 4th, marks the first album written entirely by Jackson. For additional information on Good Time and Alan Jackson, please visit http://www.alanjackson.com/.

    Prime Country is SIRIUS' home for country music from the '80s and '90s. Artists that can be heard on the channel include Alan Jackson, Garth Brooks, Reba McEntire, Clint Black, Alabama, George Strait and many more.

    For more information on Alan Jackson Good Time Radio, please visit http://www.sirius.com/primecountry.

    About SIRIUS

    SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NASCAR and NBA, and broadcasts live play-by-play games of the NFL and NBA, as well as live NASCAR races. All SIRIUS programming is available for a monthly subscription fee of only $12.95.

    SIRIUS Internet Radio (SIR) is a CD-quality, Internet-only version of the SIRIUS radio service, without the use of a radio, for the monthly subscription fee of $12.95. SIR delivers more than 80 channels of talk, entertainment, sports, and 100% commercial free music.

    SIRIUS Backseat TV(TM) is the first ever live in-vehicle rear seat entertainment featuring three channels of children's TV programming, including Nickelodeon, Disney Channel and Cartoon Network, for the subscription fee of $6.99 plus applicable audio subscription fee.

    SIRIUS products for the car, truck, home, RV and boat are available in more than 20,000 retail locations, including Best Buy, Circuit City, Crutchfield, Costco, Target, Wal-Mart, Sam's Club, RadioShack and at shop.sirius.com.

    SIRIUS radios are offered in vehicles from Audi, Bentley, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep(R), Land Rover, Lexus, Lincoln, Mercury, Maybach, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Rolls Royce, Scion, Toyota, Volkswagen, and Volvo. Hertz also offers SIRIUS in its rental cars at major locations around the country.

    Click on http://www.sirius.com/ to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription.

    Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance with respect to SIRIUS Satellite Radio Inc. are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2006 filed with the Securities and Exchange Commission. Among the significant factors that could cause our actual results to differ materially from those expressed are: our pending merger with XM Satellite Radio Holdings, Inc. ("XM"), including related uncertainties and risks and the impact on our business if the merger is not completed; any events which affect the useful life of our satellites; our dependence upon third parties, including manufacturers of SIRIUS radios, retailers, automakers and programming providers; and our competitive position versus other audio entertainment providers.

    P-SIRI MEDIA CONTACT: Neel Khairzada SIRIUS 212-584-5243 nkhairzada@siriusradio.com

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com SIRIUS Satellite Radio

    CONTACT: Neel Khairzada of SIRIUS, +1-212-584-5243,
    nkhairzada@siriusradio.com

    Web site: http://www.sirius.com/
    http://www.alanjackson.com/




    Department of Justice Clears Oracle's Acquisition of BEA Systems

    REDWOOD SHORES, Calif., Feb. 27 /PRNewswire-FirstCall/ -- Oracle Corporation today announced that the U.S. Department of Justice and Federal Trade Commission have granted early termination of the Hart-Scott-Rodino (HSR) review period for Oracle's proposed acquisition of BEA Systems, Inc. . As previously announced, BEA has scheduled a special meeting of its stockholders, to be held at 10:00 a.m. Pacific time on Friday, April 4, 2008 to consider and vote on the proposed merger. The transaction still requires BEA stockholder approval and regulatory clearance from the European Commission and is subject to other closing conditions.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO) About Oracle

    Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.

    ### Cautionary Statement Regarding Forward-Looking Statements

    This document contains certain forward-looking statements about Oracle and BEA including statements that involve risks and uncertainties concerning Oracle's proposed acquisition of BEA. Actual events or results may differ materially from those described, expressed or implied in this press release due to a number of risks and uncertainties, many of which are beyond the control of Oracle or BEA. The potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, general economic conditions, industry specific conditions and the possibility that Oracle or BEA may be adversely affected by other economic, business, and/or competitive factors. In addition, please refer to the documents that Oracle and BEA, respectively, file with the Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause Oracle's and BEA's respective financial and operational results to differ materially from those contained in the forward-looking statements set forth in this document. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or BEA. Oracle and BEA are under no duty to update any of the forward-looking statements after the date of this document to conform to actual results.

    Additional Information about the Merger and Where to Find it

    In connection with the proposed merger, BEA has filed a preliminary proxy statement with the Securities and Exchange Commission (the "SEC"). Additionally, BEA and Oracle will file other relevant materials in connection with the proposed acquisition of BEA by Oracle pursuant to the terms of an Agreement and Plan of Merger by and among Oracle, Bronco Acquisition Corporation, a wholly-owned subsidiary of Oracle, and BEA. The materials filed by BEA with the SEC may be obtained free of charge at the SEC's web site at http://www.sec.gov/. Investors and security holders of BEA are urged to read the proxy statement and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed merger because they will contain important information about the merger and the parties to the merger.

    Oracle, BEA and their respective directors, executive officers and other members of its management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of BEA stockholders in connection with the proposed merger. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Oracle's executive officers and directors in Oracle's most recent Form 10-K and in other relevant materials filed with the SEC when they become available. Information concerning the interests of BEA's participants in the solicitation, which may, in some cases, be different than those of BEA stockholders generally, is set forth in the materials filed with the SEC on Form 10-K and in the proxy statement.

    Photo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Oracle Corporation

    CONTACT: Deborah Hellinger of Oracle Corporate Communications,
    +1-650-506-5158, deborah.hellinger@oracle.com, or Roy Lobo of Oracle Investor
    Relations, +1-650-506-4073, investor_us@oracle.com

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




    /C O R R E C T I O N -- eResearchTechnology, Inc./In the news release, eResearchTechnology Reports Fourth Quarter and Full Year 2007 Results, issued yesterday, February 26, by eResearchTechnology, Inc. over PR Newswire, we are advised by the company that in the "Conference Call" section, the United States phone number to listen to the conference call playback should be 888-286-8010 rather than 800-286-8010 as originally issued inadvertently. Complete, corrected release follows:eResearchTechnology Reports Fourth Quarter and Full Year 2007 ResultsQ4 2007 Net Revenues - $28.9 million vs. $19.9 million in Q4 2006 - a 45% increaseQ4 2007 Diluted Net Income per Share - $0.10 vs. $0.04 in Q4 2006Q4 2007 New Bookings Increase to $39.2 million

    PHILADELPHIA, Feb. 26 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc. (eRT), , a leading provider of centralized ECG, eClinical technology, ePRO and other services to the pharmaceutical, biotechnology, medical device and related industries, announced today results for the fourth quarter of 2007 and the twelve-month period ended December 31, 2007.

    On November 28, 2007, the Company acquired Covance Cardiac Safety Services, Inc. (CCSS) and entered into a ten-year exclusive marketing agreement with Covance, Inc. Because there is only one month of impact on its results for 2007, the Company reported key statistics with and without the CCSS acquisition. Unless otherwise noted, all growth numbers refer to changes from the same period a year ago.

    Highlights of the fourth quarter and the year were: -- Record quarterly net revenue of $28.9 million for the fourth quarter of 2007 (including $1.5 million from the CCSS transaction) a 45.1% increase from the prior year's quarter. Net revenues for the full year 2007 were $98.7 million. -- Gross margin percentage increased to 52.6% which would have been higher by 2.5% had we excluded the CCSS acquisition (or 55.1%); for the full year 2007, the gross margin percentage was 50.7%. -- Pre-tax margin percentage increased to 27.8% which would have been higher by 3.3% had we excluded the CCSS acquisition (or 31.1%); for the full year 2007, the pre-tax margin percentage was 24.8%. -- Diluted net income per share increased to $0.10, which would have been $0.01 higher had we excluded the CCSS acquisition (or $0.11); for the full year 2007, diluted net income per share was $0.29. -- New bookings increased to $39.2 million, an increase of 42.5%; for 2007 new bookings were a record $138.6 million. -- Backlog increased to $140.2 million as of December 31, 2007 (including the CCSS acquisition), an increase of 45.4% from the prior year.

    The Company reported net income of $5.2 million for the fourth quarter of 2007, a 129.9% increase from $2.2 million in the fourth quarter of 2006. Diluted net income per share was $0.10 in the fourth quarter of 2007 (which was negatively affected by the CCSS transaction by $0.01), compared to $0.04 in the fourth quarter of 2006.

    "We feel that the fourth quarter was a very successful one -- we recorded the highest level of net revenues in eRT's history, increased net income by 129.9%, recorded a near record level of new bookings, processed the highest number of ECG transactions in eRT's history and completed the acquisition of CCSS," said Dr. Michael McKelvey, President and CEO of eRT. "For the year, we grew net revenues by 14.3% and the bottom line by 83.5%, demonstrating the leverage of our operating model. We also recorded the highest level of new bookings in eRT's history. The CCSS integration is moving along as planned and will be an important factor in our long-term growth."

    For the full year ended December 31, 2007, the Company reported net revenues of $98.7 million compared to $86.4 million for the full year ended December 31, 2006, a 14.3% increase. The Company's gross margin percentage for 2007 was 50.7% compared to 48.4% for 2006. Pre-tax income percentage for 2007 was 24.8% compared to 15.3% for 2006. The Company reported net income of $15.3 million, or $0.29 per diluted share, for 2007 compared to net income of $8.3 million, or $0.16 per diluted share, for 2006, an 83.5% increase. The Company's effective tax rate was 37.6% for 2007 compared to 37.1% for 2006.

    Cash flow from operations for 2007 was $36.0 million, up from $16.3 million in 2006. After completing the CCSS transaction of $35.8 million, eRT ended the year with $46.9 million in cash, cash equivalents and investments.

    Commenting on the year as a whole, Dr. McKelvey said "Our success in 2007 gives us a strong basis for growth in 2008 and beyond. We enter 2008 with a healthy backlog, a good trajectory of revenue growth, enhanced scale and increased market share from our recent acquisition, a strong pipeline of bookings opportunities and a state-of-the-art new workflow system (EXPeRT(R) 2) that provides us with a scalable platform for operational excellence. The clinical trials industry continues to focus on the importance of cardiac safety and running Thorough QTc trials. In addition, we also invested in our eClinical line of business and launched a new line of business -- electronic patient reported outcomes (ePRO)." As for 2008, Dr. Michael McKelvey concluded: "The strong momentum that we developed throughout 2007, along with a healthy overall business environment for cardiac safety and the need for technology-based solutions for clinical trials, gives us confidence that we will have a successful 2008."

    2008 Guidance

    The Company issued guidance for the first quarter of 2008. eRT anticipates net revenues of between $31.0 million and $33.0 million and net income per diluted share of $0.08 to $0.10 for the first quarter ending March 31, 2008. For the full year ending December 31, 2008, management anticipates net revenues of between $130 million and $137 million. Management anticipates earnings per diluted share of between $0.42 and $0.46 for the full year ending December 31, 2008. This guidance includes the costs associated with the closing of the Reno facility and other integration costs of CCSS. Costs associated with this will be more heavily skewed to the first three quarters of the year. Revenue and gross margin for the first three quarters will also include a higher percentage of lower margin backlog revenue then in the later part of the year.

    Conference Call

    Dr. McKelvey and Richard Baron, the Company's Chief Financial Officer, will hold a conference call to discuss these results. The conference call will take place at 5:00 p.m. EST on February 26, 2008. For the conference call interested participants should dial 866-578-5771 when calling within the United States or 617-213-8055 when calling internationally along with the pass code 91743845. There will be a playback available through 11:59 p.m. (Eastern) on March 4, 2008. To listen to the playback, please call 888-286-8010 when calling within the United States or 617-801-6888 when calling internationally. Please use pass code 46120621 for the replay.

    This call is being webcast by Thomson Financial and can be accessed at eRT's web site at http://www.ert.com/. The webcast may also be accessed at http://phx.corporate-ir.net/playerlink.zhtml?c=119164&s=wm&e=1764127. The webcast can be accessed until February 26, 2009 on either site.

    About eResearchTechnology, Inc.

    Based in Philadelphia, PA, eResearchTechnology, Inc. (http://www.ert.com/) is a provider of technology and services to the pharmaceutical, biotechnology and medical device industries on a global basis. The Company is a market leader in providing centralized core-diagnostic electrocardiographic (ECG) technology and services to evaluate cardiac safety in clinical development. The Company is also a leader in providing technology and services to streamline the clinical trials process by enabling its customers to automate the collection, analysis, and distribution of clinical data in all phases of clinical development.

    Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, including, but not limited to, 2008 financial guidance, involve a number of risks and uncertainties such as the Company's ability to obtain new contracts and accurately estimate net revenues due to uncertain regulatory guidance, variability in size, scope and duration of projects, and internal issues at the sponsoring client, integration of acquisitions, competitive factors, technological development, and market demand. As a result, actual results may differ materially from any financial outlooks stated herein. Further information on potential factors that could affect the Company's financial results can be found in the Company's Reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

    eResearchTechnology, Inc. and Subsidiaries Consolidated Statements of Operations (in thousands, except per share amounts) Three Months Ended December 31, The Year Ended December 31, 2006 2007 2006 2007 (unaudited) (unaudited) (unaudited) Net revenues: Licenses $681 $687 $3,017 $2,700 Services 13,269 21,565 55,309 69,547 Site support 5,975 6,657 28,042 26,451 Total net revenues 19,925 28,909 86,368 98,698 Costs of revenues: Cost of licenses 58 105 286 304 Cost of services 6,301 8,932 25,431 30,522 Cost of site support 4,329 4,665 18,821 17,808 Total costs of revenues 10,688 13,702 44,538 48,634 Gross margin 9,237 15,207 41,830 50,064 Operating expenses: Selling and marketing 2,364 3,143 11,051 11,222 General and administrative 2,910 3,343 14,668 12,258 Research and development 818 1,178 4,146 4,333 Total operating expenses 6,092 7,664 29,865 27,813 Operating income 3,145 7,543 11,965 22,251 Other income, net 183 503 1,250 2,206 Income before income taxes 3,328 8,046 13,215 24,457 Income tax provision 1,084 2,887 4,905 9,205 Net income $2,244 $5,159 $8,310 $15,252 Basic net income per share $0.04 $0.10 $0.17 $0.30 Diluted net income per share $0.04 $0.10 $0.16 $0.29 Shares used to calculate basic net income per share 49,988 50,618 49,474 50,476 Shares used to calculate diluted net income per share 51,364 51,929 51,485 51,743 eResearchTechnology, Inc. and Subsidiaries Consolidated Balance Sheets (in thousands, except share and per share amounts) December 31, 2006 December 31, 2007 ASSETS (unaudited) Current assets: Cash and cash equivalents $15,497 $38,082 Short-term investments 41,416 8,797 Accounts receivable, net 17,866 26,718 Prepaid income taxes 2,819 743 Prepaid expenses and other 2,761 3,087 Deferred income taxes 912 901 Total current assets 81,271 78,328 Property and equipment, net 31,129 33,347 Goodwill 1,212 30,908 Long-term investments 928 - Intangible assts - 3,849 Deferred income taxes - 1,011 Other assets 524 253 Total assets $115,064 $147,696 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $4,360 $3,505 Accrued expenses 3,445 12,103 Income taxes payable 781 2,352 Current portion of capital lease obligations 40 1,097 Deferred revenues 11,325 13,905 Total current liabilities 19,951 32,962 Capital lease obligations, excluding current portion - 48 Deferred income taxes 1,491 - Other liabilities - 1,174 Total liabilities 21,442 34,184 Stockholders' equity: Preferred stock-$10.00 par value, 500,000 shares authorized, none issued and outstanding - - Common stock-$.01 par value, 175,000,000 shares authorized, 58,356,546 and 58,870,291 shares issued, respectively 584 589 Additional paid-in capital 83,493 87,957 Accumulated other comprehensive income 1,510 1,679 Retained earnings 70,225 85,477 Treasury stock, 8,247,119 shares at cost (62,190) (62,190) Total stockholders' equity 93,622 113,512 Total liabilities and stockholders' equity $115,064 $147,696 eResearchTechnology, Inc. and Subsidiaries Consolidated Statements of Cash Flows (in thousands) Year Ended December 31, 2006 2007 (unaudited) Operating activities: Net income $8,310 $15,252 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 11,253 15,129 Cost of sales of equipment 3,722 1,143 Provision for uncollectible accounts 111 30 Share-based compensation 2,975 2,004 Investment impairment charge 226 - Changes in operating assets and liabilities exclusive of CCSS acquisition: Accounts receivable (2,567) (4,192) Prepaid expenses and other 132 352 Accounts payable 950 (2,147) Accrued expenses (1,779) 2,806 Income taxes (2,104) 3,137 Deferred revenues (4,897) 2,487 Net cash provided by operating activities 16,332 36,001 Investing activities: Purchases of property and equipment (15,181) (11,073) Purchases of investments (46,425) (58,008) Proceeds from sales of investments 40,658 91,555 Payments for acquisition - (35,800) Net cash used in investing activities (20,948) (13,326) Financing activities: Repayment of capital lease obligations (153) (2,504) Proceeds from exercise of stock options 3,851 1,655 Stock option income tax benefit 3,400 760 Repurchase of common stock for treasury (5,803) - Net cash provided by (used in) financing activities 1,295 (89) Effect of exchange rate changes on cash 386 (1) Net (decrease) increase in cash and cash equivalents (2,935) 22,585 Cash and cash equivalents, beginning of period 18,432 15,497 Cash and cash equivalents, end of period $15,497 $38,082

    eResearchTechnology, Inc.

    CONTACT: Richard Baron of eResearchTechnology, Inc., +1-215-282-5566; or
    Robert East of Westwicke Partners, LLC, +1-410-321-9652, for
    eResearchTechnology, Inc.

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




    Cipher Dynamics Launches IT-Enabled Services & BPO Operations in IndiaIntroduces DynamicsADvantage, a Consolidated Business Solution for Media Companies

    NEW YORK, Feb. 27 /PRNewswire/ -- Cipher Dynamics IT Services (Pvt.) Ltd., a Microsoft Dynamics(TM) IT-enabled services and Business Process Outsourcing (BPO) Services Company, officially announced the launch of its operations in India today. Cipher has set up its India ITeS & BPO facility at Udyog Vihar Phase IV, Gurgaon, Haryana.

    According to Mr. Alan Kahn, CEO, Cipher Dynamics, "We offer a wide array of customized solutions for verticals including media & publishing, financial services, retail and hospitality. India has witnessed burgeoning growth in these sectors and a number of mid-market companies have come up in the recent past. Through our direct office operations here, we not only intend of to leverage on the business opportunity but also further our commitment to India market."

    Cipher works with customers and their business partners to provide services that span from strategy consulting to implementing, development and deployment of IT solutions specifically around the Microsoft Dynamics(TM) AX, Microsoft Dynamics(TM) GP and Microsoft Dynamics(TM) CRM and Microsoft Collaboration and Business Intelligence (BI) solutions.

    "We offer a unique, agile & global onsite-offshore delivery model with a local presence. Our strategic insight, rich industry expertise, deep resource pool & technical prowess allows our clients to leverage a full scale service team of experienced developers with a proven track record for best returns on their investments," said Ms. Rinku Wadhwani, MD, Cipher Dynamics.

    Cipher offers lower development costs sans any compromise on quality by providing a blend of local & offshore resources optimized for the client's specific needs. It focuses on mid market, a segment that has traditionally not received attention from global outsourcing players & enhances the ability of mid market companies to compete effectively. Cipher also offers a consolidated business solution for media companies, DynamicsADvantage, to allow them to consolidate disparate systems, leverage Microsoft technology, & make integration and reporting easy.

    "By opening Cipher Dynamics we are furthering our commitment to driving business development in India." Said Alan Kahn, CEO of Cipher Dynamics. "Today, Cipher stands proud as a world-class provider of IT enabled services and Business Process Outsourcing to diversified industry segments. Cipher offers us a foothold in the global arena to service customers more efficiently and effectively."

    About Cipher Dynamics

    Cipher Dynamics IT Services (Pvt.) Ltd. (Cipher(R)) is an IT enabled services and Business Process Outsourcing (BPO) Services Company headquartered in New Delhi, India, with offices in the United States; offering a wide array of solutions customized for a range of vertical segments. Cipher works with customers and their business partners to provide a range of services that span from strategy consulting to implementing, development and deployment of IT solutions specifically around the Microsoft Dynamics AX, Microsoft Dynamics GP, Microsoft Dynamics CRM and Collaboration and Business Intelligence solutions. For more information about Cipher visit http://www.cipherdyn.com/.

    About Microsoft Dynamics

    Microsoft Dynamics is a line of financial, customer relationship and supply chain management solutions that helps businesses work more effectively. Delivered through a network of channel partners providing specialized services, these integrated, adaptable business management solutions work like and with familiar Microsoft software to streamline processes across an entire business.

    About Microsoft

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

    Cipher Dynamics IT Services (Pvt.) Ltd.

    CONTACT: Bryn Forrest, Director of Public Relations of Cipher Dynamics
    IT Services (Pvt.) Ltd., +1-212-502-3913, bforrest@cipherdyn.com; or Sundeep
    Mehta, Senior Account Manager of Creativizt Communications, +91-11-4165-5445,
    sundeep@creativizt.com, for Cipher Dynamics IT Services (Pvt.) Ltd.

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




    eWorld Companies, Inc. Forms New Subsidiary eWorld Music, Inc. and Names Jim DeCicco as Its President

    LOS ANGELES, Feb. 27 /PRNewswire-FirstCall/ eWorld Companies, Inc. (Pink Sheets: EWRL) announced today that it has formed a new wholly-owned subsidiary, eWorld Music, Inc. and named long-term music veteran Jim DeCicco as President of the subsidiary. eWorld Music is expected to pre-launch operations over the next few weeks and officially open for business with a red carpet premier launch event in early April.

    These actions signal eWorld's intent to become a major player in the arena of online music promotion and marketing. The business of music promotion and marketing has been moving to the Internet at a breakneck pace, a trend that is expected to continue to accelerate. eWorld Companies intends to capitalize on this trend by utilizing its patent-pending technologies to provide a revolutionary new online delivery platform for independent music artists around the globe. To accomplish this, eWorld Music will align itself with cutting edge music business companies and provide new marketing technologies and strategies that will work in tandem with eWorld's Boomerang Media Station(R) and PlayTV online broadcast network to enable independent artists to promote and market their wares in a way that has never before been possible.

    eWorld Music will also conduct a variety of online music promotional events, stage live music events in Hollywood, CA and in other U.S. and international locations, and sponsor an annual major Music Awards Show, the first of which will be held in Hollywood this November and simulcast worldwide. eWorld Music's selection of Mr. DeCicco as its President, and Mr. DeCicco's agreement to come aboard, signal that the company is committed to becoming the dominant force not only in the online promotion of independent music artists, but also with its Annual Music Awards Show. One of Mr. DeCicco's recent triumphs was the organization of last year's Los Angeles Music Awards Show, which was widely recognized as the best of its kind ever presented. Now he will focus his impressive talents exclusively on creating an even bigger and better Awards Show for eWorld Music.

    In addition to his Awards Shows experience, Mr. DeCicco's resume includes more than 20 years experience in music production, sound, video and concert promotion, and record production. Mr. DeCicco has a B.A. in Electronic Music and Technical Sound Production that was the culmination of study at Eastman School of Music, Cornell University and Ithaca College. He also held the position of musical director at the Boston Conservatory of Music, Dance & Theatre, pursued graduate level studies at Berklee College of Music, and researched electronic music human computer interfaces at MIT. Mr. DeCicco has also performed contractual services for Fortune 500 companies including IBM and Sun MicroSystems for sound, video, staging and lighting for their flagship corporate events, and has provided similar services for celebrities like Dionne Warwick and Doc Severenson. He is well respected in Hollywood for his productions at well known venues including House of Blues and Whisky A-Go-Go, where he was the only producer in Hollywood history to coordinate his show with a 20-piece orchestra on the world famous stage. Mr. DeCicco's creative work has garnered numerous Music Awards for independent artist production, and he has performed studio work with Eric Clapton, Coolio, Eric Burdon and Keith Emerson. Mr. DeCicco is a voting member of NARAS (The Grammys) and is a writer and Publisher with ASCAP.

    COMMENTARY

    Henning Morales, CEO and President of eWorld Companies, Inc. stated the following, "The creation of our eWorld Music, Inc. subsidiary is a very important milestone in our company's development. Our proprietary technologies have us positioned to become a major player in the areas of online entertainment, our integrated Boomerang Media Station, Media Player and 24- hour PlayTV online entertainment network provides an ideal platform over which recording artists can demo and market their wares directly to the public, and our international marketing reach will help independent music artists reach a global audience who might otherwise never hear or see their work. Simultaneously, eWorld Music's events, activities and promotional efforts for independent artists will provide us with an endless supply of new music content and rising artists to showcase on our Boomerang Media Station and PlayTV network, some of which will be exclusively available through these channels. We are also very excited to welcome Mr. Jim DeCicco as eWorld Music's President. Mr. DeCicco's has a vast knowledge of virtually every aspect of the music business, and is one of the industry's most knowledgeable professionals both in the area of online promotion of independent music artists and in the planning and promotion of live and simulcast music events and Awards Shows. We believe that he is the ideal person to bring eWorld Music roaring out of the gate, and we anticipate that this subsidiary will very quickly contribute significantly to eWorld Companies, Inc.'s bottom line revenues and profits."

    ABOUT EWORLD COMPANIES, INC.

    eWorld Companies, Inc. is an online marketing & advertising technologies company that develops and markets cutting edge technologies using rich media, flash, animation and 3D graphics to help individuals and businesses market and advertise on the Internet. eWorld Companies, Inc. markets and distributes these technologies through its wholly-owned subsidiary eWorld Entertainment, Inc. (eWorlde) and its International network of Affiliates, users and strategic partners. eWorld's unique and patented Boomerang Media Station(R), named for its ability to return to the user's screen no matter what web site you visit, is a free software program that streams rich media within the actual application and remains ever-present as the user browses the Internet, offering the user one-click access to limitless entertainment experiences and convenience benefits. eWorld's WALRUS(R) system, which is downloaded along with Boomerang, continues to work in the background to provide assistance as the user searches, surfs or shops the Net, suggesting relevant topics, products and services based on the each user's browsing and searching habits. The Company's revenue model consists of six major components: (1) Advertising Revenues; (2) Affiliation Fees; (3) Affiliate Monthly Subscriptions; (4) Product Sales; (5) Technology Licensing; and (6) International Marketing License Fees.

    For more information visit http://www.eworlde.com/ and/or http://www.eworldcompanies.com/ or call (310) 471-7674.

    Caution Regarding Forward-Looking Statements: This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results which are not yet available. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, the integration of acquisitions, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward- looking statements whether as a result of new information, future events or otherwise.

    eWorld Companies, Inc.

    CONTACT: eWorld Companies, Inc., +1-310-471-7674

    Web site: http://www.eworlde.com/
    http://www.eworldcompanies.com/




    Verizon Business Will Be Among First to Offer Microsoft Windows Server 2008

    LOS ANGELES, February 27 /PRNewswire/ --

    - Managed Hosting Customers to Benefit from Reliability, Performance of Next-Generation Technology

    Verizon Business managed hosting customers will be among the first to benefit from the powerful new functionality of Microsoft Windows Server 2008, the next-generation server operating system launched worldwide by Microsoft Wednesday (Feb. 27).

    As a member of Microsoft's early adopter initiative, known as the Rapid Deployment Program (RDP), Verizon Business has gained critical expertise that will enable it to offer Windows Server 2008 as a high-end managed hosting solution to U.S. customers this spring, with rollout to European and Asia-Pacific customers by late summer.

    Customers planning to adopt Windows Server 2008 also will benefit from Verizon Business' early knowledge and experience gained from testing this advanced technology before its market launch.

    The new Microsoft server platform will help enterprises enhance application availability and boost networking performance, while simplifying server administration and management for Verizon Business. It also gives Verizon Business more control over security for its customers by better safeguarding data and protecting against server failure and intrusion.

    "As the most advanced Windows server operating system ever offered, Windows Server 2008 will enable us to deliver exceptional reliability and performance to our enterprise customers," said Michael Marcellin, vice president of product marketing for Verizon Business. "Working closely with Microsoft to bring this technology to market, Verizon Business is in the perfect position to help customers gain more control over their IT infrastructure.

    "Verizon Business' years of experience in managing Microsoft technology -- and our role in evaluating Windows Server 2008 -- make us the ideal partner to help enterprises realize the promise of this new technology," Marcellin said.

    Powerful New Customer Benefits

    The latest iteration from Microsoft includes enhancements that allow Verizon Business to offer customers a more streamlined server deployment that will accelerate time to market. For example, Windows Server 2008 eliminates much of Verizon Business' reliance on custom code and third-party tools previously required.

    Windows Server 2008 also includes an updated Web server, Microsoft's Internet Information Services 7.0, which will enable Verizon Business to deploy, manage and host Web applications and services with enhanced performance. The Web server features a new, unique modular design, which allows Verizon Business to install just the specific modules that customers require, further expediting deployment and simplifying ongoing management.

    Verizon Business' comprehensive portfolio of IT and hosting solutions delivers complete, end-to-end, integrated IT and network solutions. From simple colocation to full IT applications management, Verizon Business serves as a true extension of a customer's IT organization. Services include Data Center Colocation, Remote Backup and Restore, Hosted Messaging and Instant Messaging, IT Service Desk, Akamai Services, IP Application Hosting and Remote IP Application Management. More information is available by visiting http://www.verizonbusiness.com/us/itsolutions.

    About Verizon Business

    Verizon Business, a unit of Verizon Communications (NYSE: VZ), 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 www.verizonbusiness.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 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.

    Web site: http://www.verizonbusiness.com http://www.verizon.com http://www.verizonbusiness.com/us/itsolutions http://www.verizon.com/news

    Verizon Business

    Brianna Carroll Boyle of Verizon Business, +1-703-886-7093, brianna.boyle@verizon.com. Company News On-Call: http://www.prnewswire.com/comp/094251.html




    SAP and Business Objects Announce Support for 2008 Versions of Windows Server, SQL Server and Visual StudioSAP Continues Fifteen-Year History of Successful Collaboration with Microsoft; Introduces Availability of Crystal Reports(R) with Visual Studio

    LOS ANGELES, Feb. 27 /PRNewswire-FirstCall/ -- In an effort to help customers extend their investments in Microsoft products, SAP AG and Business Objects, an SAP company, today emphasized their ongoing commitment to support the latest versions of Windows Server, SQL Server and Visual Studio. The support for the updated Microsoft products will provide customers with the opportunity to achieve enhanced manageability and performance, higher reliability, as well as lower total cost of ownership and tightened security of their IT investments. Business Objects also announced the availability of a new version of Crystal Reports(R) as an integrated reporting solution within the new version of Visual Studio. The announcement was made at the Microsoft LaunchWave 2008 event, being held in Los Angeles, California.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)

    "One of the many attributes SAP and Business Objects have in common is a successful and long-standing relationship with Microsoft," said Zia Yusuf, executive vice president, Global Ecosystem and Partner Group, SAP AG. "We are pleased to further underscore our support for Microsoft during this launch, and look forward to continued collaboration in the future."

    Protecting the Customer Investment

    Following the recent acquisition of Business Objects by SAP, customers running SAP applications and Business Objects solutions on these Microsoft products can now enjoy even broader support. The two companies share a long history of providing support for Microsoft products. Some key SAP initiatives include: SAP applications running on Windows Server and SQL Server, support for customers moving to the latest version of the SAP(R) ERP application on SQL Server, interoperability between the SAP NetWeaver(R) technology platform and Microsoft .NET and Duet(TM) software, a jointly developed product that integrates Office with SAP applications leveraging enterprise service-oriented architecture (enterprise SOA). Further, Microsoft currently runs its SAP ERP productive systems on pre-release versions of SQL Server 2008 for real-life testing for the product.

    "Customers are excited about the vibrant ecosystem that has developed around Windows Server 2008, SQL Server 2008 and Visual Studio 2008," said Bob Muglia, senior vice president of the Server and Tools Business at Microsoft Corp. "These business-critical SAP products and Business Objects solutions will help ensure that customers will drive real value from our new platform from day one."

    "Last year, SAP and Microsoft announced joint investments and support for customers moving to SAP ERP 6.0 and migrating their database platform," said Klaus Kreplin, corporate officer and member of the Executive Council, head of SAP NetWeaver Technology, SAP AG. "In addition to the business benefits of an upgrade to SAP ERP 6.0, SAP's support of SQL Server 2008 will provide an even more compelling value proposition to customers with expected gains in performance, higher availability, increased security and reliability with a low cost of ownership. The commitment of Microsoft to support enterprise-critical applications with SQL Server 2008 will provide SAP customers with an even better platform to efficiently operate SAP applications."

    Crystal Reports Basic for Visual Studio 2008

    The combination of SAP and Business Objects solutions provides a unique, content-rich and comprehensive business performance optimization suite, integrating business strategy with operational execution to enable process changes and business and IT events to be monitored and managed consistently in a closed-loop process. These solutions will also be available on the latest versions of Microsoft's products.

    For 15 years, Crystal Reports has been integrated with Visual Studio, enabling developers to design and embed reports directly within the applications they create in the Visual Studio integrated development environment (IDE). Crystal Reports Basic for Visual Studio 2008 gives developers a quick, productive way to create and integrate presentation-quality reports into applications without leaving the Visual Studio environment. With Crystal Reports Basic for Visual Studio 2008, developers can now connect to existing Business Objects deployments, leveraging data from across their business intelligence infrastructure for these embedded reports. Crystal Reports for Visual Studio 2008 delivers improved scalability and speed, and also allows developers to leverage their existing IT infrastructure.

    About Business Objects

    As an independent business unit within SAP, Business Objects transforms the way the world works by connecting people, information and businesses. Together with one of the industry's strongest and most diverse partner networks, the company delivers business performance optimization to customers worldwide across all major industries, including financial services, retail, consumer-packaged goods, healthcare and public sector. With open, heterogeneous applications in the areas of governance, risk and compliance; enterprise performance management; and business intelligence; and through global consulting and education services, Business Objects enables organizations of all sizes around the globe to close the loop between business strategy and execution.

    About SAP

    SAP is the world's leading provider of business software*. Today, more than 46,100 customers in more than 120 countries run SAP(R) applications-from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver(R) technology platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at http://www.sap.com/)

    (*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.

    Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

    Copyright (C) 2008 SAP AG. All rights reserved.

    SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

    For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727)

    Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk photodesk@prnewswire.com SAP AG

    CONTACT: Global Customer Center, +49 180 534-34-24, or United States
    Only, 1-800-872-1SAP, 1-800-872-1727, or Dorit Shackleton of Business Objects,
    +1-604-974-2444, dorit.shackleton@sap.com, PST; or Rachel Allen of
    Burson-Marsteller, +1-415-591-4041, rachel.allen@bm.com, PST, for SAP AG; or
    SAP Press Office, +49 (6227) 7-46315, CET, +1-610-661-3200, EST,
    press@sap.com

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




    UTC Reaffirms 2008 Outlook; Expects Earnings Per Share of Between $4.65 and $4.85

    NEW YORK CITY, Feb. 27 /PRNewswire-FirstCall/ -- United Technologies Corp. outlined expectations for 2008 today at its annual investor conference in New York. In addition to reviews of each of UTC's operating segments, the company reaffirmed its earlier outlook for 2008 earnings per share in the range of $4.65 to $4.85. The company also indicated it continues to expect that cash flow from operations less capital expenditures will equal or exceed net income, and that revenues for the year will increase to approximately $59 billion, including mid single digit organic growth.

    United Technologies Corp., based in Hartford, Connecticut, is a diversified company that provides a broad range of high technology products and support services to the building systems and aerospace industries.

    This release is supplemented by presentation materials that are available on UTC's website at http://www.utc.com/, and includes "forward looking statements" concerning expected revenue, earnings, cash flow and other matters that are subject to risks and uncertainties. These statements often contain words such as "expect", "anticipate", "plan", "estimate", "believe", "will", "see", "guidance" and similar terms. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include changes in the health of the global economy; strength of end market demand in construction and in both the commercial and defense segments of the aerospace industry; fluctuation in commodity prices, interest rates, foreign currency exchange rates, and the impact of weather conditions; and company specific items including the availability and impact of acquisitions; the rate and ability to effectively integrate these acquired businesses; the ability to achieve cost reductions at planned levels; challenges in the design, development, production and support of advanced technologies and new products and services; delays and disruption in delivery of materials and services from suppliers; labor disputes; and the outcome of legal proceedings. The level of share repurchases may vary depending on the level of other investing activities. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's SEC filings as submitted from time to time, including but not limited to, the information included in UTC's 10-K and 10-Q Reports under the headings "Business", "Risk Factors", "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results", as well as the information included in UTC's Current Reports on Form 8-K.

    Contact: John Moran (860) 728-7062 UTC-IR

    United Technologies Corp.

    CONTACT: John Moran of United Technologies Corp., +1-860-728-7062

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

    Company News On-Call: http://www.prnewswire.com/comp/913919.html




    Belo Announces Quarterly Dividend

    DALLAS, Feb. 27 /PRNewswire-FirstCall/ -- Belo Corp. announced today that its Board of Directors declared a quarterly cash dividend for the second quarter of 2008 of $0.075 for each outstanding share of Series A common stock and Series B common stock to be paid on June 6, 2008 to shareholders of record on May 16, 2008.

    About Belo Corp.

    Belo Corp. is one of the nation's largest pure-play publicly-traded television companies, with annual revenue of approximately $775 million. The Company owns and operates 20 television stations, including ABC, CBS, NBC, FOX, CW and MyNetwork TV affiliates, reaching more than 14 percent of U.S. television households, and their associated Web sites, in 15 highly-attractive markets across the United States. Belo stations consistently deliver distinguished journalism for which they have received significant industry recognition including nine Alfred I. duPont-Columbia University Silver Baton Awards; eight George Foster Peabody Awards; and 19 national Edward R. Murrow Awards -- all since 2000, and in each case more than any other commercial station group in the nation. Nearly all Belo stations rank first or second in their local market. Belo owns stations in seven of the top 25 markets in the nation, with six stations located in the fast-growing, top-14 markets of Dallas/Fort Worth, Houston, Seattle/Tacoma and Phoenix. Additionally, the Company has leveraged its local television assets to create regional cable news channels in Texas and the Northwest increasing its impact in those regions. Additional information is available at http://www.belo.com/ or by contacting Paul Fry, vice president/Investor Relations & Corporate Communications at 214-977-6835.

    Belo Corp.

    CONTACT: Paul Fry, vice president-Investor Relations & Corporate
    Communications of Belo Corp., +1-214-977-6835

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




    Captaris Announces Support for Microsoft Windows Server 2008, SQL Server 2008 and Visual Studio 2008Enables Customers to realize greater efficiency and productivity gains through interoperability

    BELLEVUE, Wash., Feb. 27 /PRNewswire-FirstCall/ -- Captaris, Inc. , a leading provider of software products that automate document-centric business processes, today announced that it will support Microsoft Windows Server 2008, SQL Server 2008 and Visual Studio 2008 to provide customers with the opportunity to gain greater business efficiencies through Microsoft solutions.

    "Captaris products, with Windows Server 2008, SQL Server 2008 and Visual Studio 2008, bring to our customers a way to significantly maximize the efficiency of their business processes with improved decision-making and enhanced security on proven platforms," said Paul Yantus, Captaris executive vice president of Marketing and New Product Development. "We are pleased to have such a close working relationship with Microsoft, which continues to give us the opportunity to bring Captaris' suite of document-centric solutions to businesses operating within a Microsoft IT environment."

    "Microsoft is pleased to be working with Captaris to expand the offerings for customers of Windows Server 2008," said Ward Ralston, group technical product manager for Windows Server Marketing at Microsoft Corp. "Our industry partners play an essential role in ensuring that our customers have the best technology foundation available, and Captaris helps deliver valuable new functionality to our joint customers."

    About Captaris, Inc.

    Captaris, Inc. is a leading provider of software products that automate document centric business processes. Captaris specializes in document capture, recognition, routing, workflow, and delivery. Captaris integrated solutions provide interoperability with leading line of business applications and technology platforms. Captaris products include RightFax, Captaris Workflow, Alchemy, FaxPress, DOKuStar, RecoStar, Single Click Entry, and ID-Star which are distributed through a global network of leading technology partners. Captaris customers include the entire Fortune 100 and the majority of Global 2000 companies. Headquartered in Bellevue, Washington, Captaris was founded in 1982 and is publicly traded on NASDAQ Global Market under the symbol CAPA. http://www.captaris.com/.

    The following are registered trademarks and trademarks of Captaris: Captaris, Alchemy, RightFax, FaxPress and Captaris Workflow. RecoStar, DOKuStar, ID-Star and Single Click Entry are trademarks of Captaris Document Technologies GmbH. All other brand names and trademarks are the property of their respective owners.

    Captaris, Inc.

    CONTACT: Mark Littrell of Captaris, +1-425-455-6000,
    marklittrell@captaris.com; or Barrie Locke of Ripple Effect Communications,
    +1-617-536-8887, blocke@recommunication.com, for Captaris

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




    Alcatel-Lucent Announces New Breakthroughs for Optical Networking and Optoelectronic Components at OFC 2008New Optical Transmission With Capacity x Distance Product Record at 41.8 Petabit/s.km, and Three New Photonic Integrated Circuits

    PARIS, February 27 /PRNewswire-FirstCall/ -- Alcatel-Lucent (Euronext and NYSE: ALU) today announced, in four post deadline papers accepted at the OFC/NFOEC conference in San Diego, California, new optical networking milestones, including a new optical transmission record and three novel new photonic integrated circuits.

    In a post deadline paper, Bell Labs researchers in its Villarceaux, France center, in partnership with Alcatel-Thales' III-V Lab and the optical solution company Kylia announced the successful transmission of 16.4 Terabits per second of optical data over 2,550 km. This transmission was achieved using 164 Wavelength-Division Multiplexed (WDM) channels modulated at 100 Gbit/s and represents a world record for capacity x distance at 41.8 Petabits/s.km. Several new technologies were used, including a highly-linear, balanced optoelectronic photoreceiver and an ultra-compact, temperature-insensitive coherent mixer. This result is a critical step forward in enabling 100 Gbit/s Ethernet. It ensures the maximum exploitation of the fibre bandwidth to cope with future capacity needs, by providing very high information spectral density at 2bit/s/Hz.

    Three other papers from Bell Labs researchers at Holmdel, NJ were accepted. They describe the development of three new photonic integrated circuits developed to achieve 100 Gbit/s with a high spectral efficiency. In the first of these papers researchers developed an integrated high-speed receiver using DQPSK modulation that is about 1,000 timers smaller than existing DQPSK receivers which are built out of discrete components. This new receiver could significantly lower the cost and size of 100 Gbit/s components. Another of these papers demonstrated a dual-polarization modulator with a 40 Gbit/s data stream in one polarization and a different 40 Gbit/s data stream in another one. This technique doubles the capacity of a link without requiring any additional bandwidth. The last paper in this series presents a modulator producing a 16-QAM signal format, used for systems with extremely high spectral efficiency. While this format is well known in wireless and satellite communications, its use in optics is new.

    "These breakthroughs highlight the depth and breadth of the work done by Bell Labs researchers in optical networking and physical technologies around the world, and show how they must constantly improve and innovate across various technical areas, to pave the way to the future of communications" said Gee Rittenhouse, Research VP at Alcatel-Lucent's Bell Labs. "Particularly interesting is that these papers highlight the many different dimensions of optical networking research that the new Bell Labs, the result of the merger between Bell Labs and the former Alcatel's R&I, is doing to advance optical networking and give Alcatel-Lucent powerful innovations to continue to be a leader in this space."

    About Alcatel-Lucent

    Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/

    Alcatel-Lucent

    CONTACT: Alcatel-Lucent Press Contacts, Regine Coqueran Tel:
    +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com, Stephane Lapeyrade,
    Tel: +33(0)1-40-76-12-74, stephane.lapeyrade@alcatel-lucent.com;
    Alcatel-Lucent Investor Relations, Remi Thomas Tel: +33-(0)1-40-76-50-61,
    remi.thomas@alcatel-lucent.com, Maria Alcon, Tel: +33(0)1-40-76-15-17,
    maria.alcon@alcatel-lucent.com, John DeBono Tel: +1-908-582-7793,
    debono@alcatel-lucent.com, Tony Lucido, Tel: +33(0)1-40-76-49-80,
    alucido@alcatel-lucent.com, Don Sweeney, Tel: +1-908-582-6153,
    dsweeney@alcatel-lucent.com




    Alcatel-Lucent Announces New Breakthroughs for Optical Networking and Optoelectronic Components at OFC 2008

    PARIS, February 27 /PRNewswire/ --

    - New Optical Transmission With Capacity x Distance Product Record at 41.8 Petabit/s.km, and Three New Photonic Integrated Circuits

    Alcatel-Lucent (Euronext and NYSE: ALU) today announced, in four post deadline papers accepted at the OFC/NFOEC conference in San Diego, California, new optical networking milestones, including a new optical transmission record and three novel new photonic integrated circuits.

    In a post deadline paper, Bell Labs researchers in its Villarceaux, France center, in partnership with Alcatel-Thales' III-V Lab and the optical solution company Kylia announced the successful transmission of 16.4 Terabits per second of optical data over 2,550 km. This transmission was achieved using 164 Wavelength-Division Multiplexed (WDM) channels modulated at 100 Gbit/s and represents a world record for capacity x distance at 41.8 Petabits/s.km. Several new technologies were used, including a highly-linear, balanced optoelectronic photoreceiver and an ultra-compact, temperature-insensitive coherent mixer. This result is a critical step forward in enabling 100 Gbit/s Ethernet. It ensures the maximum exploitation of the fibre bandwidth to cope with future capacity needs, by providing very high information spectral density at 2bit/s/Hz.

    Three other papers from Bell Labs researchers at Holmdel, NJ were accepted. They describe the development of three new photonic integrated circuits developed to achieve 100 Gbit/s with a high spectral efficiency. In the first of these papers researchers developed an integrated high-speed receiver using DQPSK modulation that is about 1,000 timers smaller than existing DQPSK receivers which are built out of discrete components. This new receiver could significantly lower the cost and size of 100 Gbit/s components. Another of these papers demonstrated a dual-polarization modulator with a 40 Gbit/s data stream in one polarization and a different 40 Gbit/s data stream in another one. This technique doubles the capacity of a link without requiring any additional bandwidth. The last paper in this series presents a modulator producing a 16-QAM signal format, used for systems with extremely high spectral efficiency. While this format is well known in wireless and satellite communications, its use in optics is new.

    "These breakthroughs highlight the depth and breadth of the work done by Bell Labs researchers in optical networking and physical technologies around the world, and show how they must constantly improve and innovate across various technical areas, to pave the way to the future of communications" said Gee Rittenhouse, Research VP at Alcatel-Lucent's Bell Labs. "Particularly interesting is that these papers highlight the many different dimensions of optical networking research that the new Bell Labs, the result of the merger between Bell Labs and the former Alcatel's R&I, is doing to advance optical networking and give Alcatel-Lucent powerful innovations to continue to be a leader in this space."

    About Alcatel-Lucent

    Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com

    Alcatel-Lucent

    Alcatel-Lucent Press Contacts, Régine Coqueran, Tel: +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com, Stéphane Lapeyrade, Tel: +33(0)1-40-76-12-74, stephane.lapeyrade@alcatel-lucent.com; Alcatel-Lucent Investor Relations, Rémi Thomas Tel: +33-(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com, Maria Alcon, Tel: +33(0)1-40-76-15-17, maria.alcon@alcatel-lucent.com, John DeBono Tel: +1-908-582-7793, debono@alcatel-lucent.com, Tony Lucido, Tel: +33(0)1-40-76-49-80, alucido@alcatel-lucent.com, Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com




    Optics Pioneer, Bob Tkach of Alcatel-Lucent Bell Labs, Receives 2008 John Tyndall Award

    SAN DIEGO, California, February 27 /PRNewswire/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that Bob Tkach, director of Transmission Systems research at Bell Labs, received the 22nd John Tyndall Award, the highest recognition in the optical telecommunications community, during a ceremony at the OFC/NFOEC conference in San Diego, California. Tkach was recognized for his long and prolific body of optical networking research that includes inventing many of the fundamental technologies that are now the basis of high-capacity wave division multiplexing (WDM) systems. These include:

    TrueWave(R) Optical Fiber, now generically known as NZDF (non-zero dispersion fiber), was a major leap forward in optical fiber and constitutes a major portion of the long-haul fiber plants in North America.

    Dispersion-management, without which optically amplified high-speed long-haul optical fiber systems would be impossible.

    Optical Pre-emphasis, which facilitates equalization of optical powers or optical signal-to-noise-ratios of all the WDM wavelength channels propagating in a fiber; and many other innovations.

    Bestowed jointly by the Optical Society of America and the IEEE Lasers and Electro-Optics Society (LEOS), this award is given annually to a single individual that "has made outstanding contributions of proven benefit in any area of optical telecommunications."

    The citation for Tkach's award reads: "For pioneering breakthroughs in high-capacity transmission systems and networks, including the invention of non-zero dispersion fiber and dispersion management of optical fiber nonlinearities."

    Of the 22 Tyndall Awards given since the program's inception in 1987, 10 have been awarded to scientists for discoveries and innovations they developed while at Bell Labs. This is the second year in a row that Alcatel-Lucent has won this award. At OFC 2007 Emmanuel Desurvire, former senior director of Photonic Technologies within Alcatel-Lucent's Optics division and, before that, a research with Bell Labs and the former Alcatel research center, received the 21st Tyndall Award.

    "This indeed is a proud moment for Bob, for Bell Labs, and for Alcatel-Lucent," said Jeong Kim, Bell Labs president. "It is richly deserved. For Alcatel-Lucent to receive this award back-to-back further demonstrates the continuing and outstanding strides made by researchers from Bell Labs in the field of optics."

    During Tkach's long career he has received many awards and recognitions for his outstanding contributions to the optical networking community. He is currently the Chair of the Optical Fiber Communications Conference Steering Committee and has served as the General Co-Chair of OFC, Vice-President of the Optical Internetworking Forum, Associate Editor of the Journal of Lightwave Technology, and sat on the IEEE LEOS Board of Governors. In 1999, Bob received the Thomas Alva Edison Patent Award from the Research and Development Council of New Jersey for inventing Truewave Optical Fiber and is a Fellow of the Optical Society of America, the IEEE, and AT&T.

    About John Tyndall Award

    John Tyndall paved the way for today's optical communications by demonstrating that light can propagate through a tube of water by multiple internal reflections. This effect was the forerunner of today's principle of guiding light in optical fibers. The IEEE Lasers and Electro-Optics Society (LEOS) and the Optical Society of America (OSA) jointly sponsor the John Tyndall Award, which is endowed by Corning Inc.

    About Alcatel-Lucent

    Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com

    Alcatel-Lucent

    Alcatel-Lucent Press Contacts: Régine Coqueran Tel: +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Stéphane Lapeyrade Tel: +33(0)1-40-76-12-74; stephane.lapeyrade@alcatel-lucent.com; Alcatel-Lucent Investor Relations, Rémi Thomas Tel: +33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com; Maria Alcon Tel: +33(0)1-40-76-15-17, maria.alcon@alcatel-lucent.com; John DeBono, Tel: +1-908-582-7793, debono@alcatel-lucent.com; Tony Lucido Tel: +33(0)1-40-76-49-80, alucido@alcatel-lucent.com; Don Sweeney Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com




    Verizon Business Will Be Among First to Offer Microsoft Windows Server 2008Managed Hosting Customers to Benefit from Reliability, Performance of Next-Generation Technology

    LOS ANGELES, Feb. 27 /PRNewswire/ -- Verizon Business managed hosting customers will be among the first to benefit from the powerful new functionality of Microsoft Windows Server 2008, the next-generation server operating system launched worldwide by Microsoft Wednesday (Feb. 27).

    As a member of Microsoft's early adopter initiative, known as the Rapid Deployment Program (RDP), Verizon Business has gained critical expertise that will enable it to offer Windows Server 2008 as a high-end managed hosting solution to U.S. customers this spring, with rollout to European and Asia- Pacific customers by late summer.

    Customers planning to adopt Windows Server 2008 also will benefit from Verizon Business' early knowledge and experience gained from testing this advanced technology before its market launch.

    The new Microsoft server platform will help enterprises enhance application availability and boost networking performance, while simplifying server administration and management for Verizon Business. It also gives Verizon Business more control over security for its customers by better safeguarding data and protecting against server failure and intrusion.

    "As the most advanced Windows server operating system ever offered, Windows Server 2008 will enable us to deliver exceptional reliability and performance to our enterprise customers," said Michael Marcellin, vice president of product marketing for Verizon Business. "Working closely with Microsoft to bring this technology to market, Verizon Business is in the perfect position to help customers gain more control over their IT infrastructure.

    "Verizon Business' years of experience in managing Microsoft technology -- and our role in evaluating Windows Server 2008 -- make us the ideal partner to help enterprises realize the promise of this new technology," Marcellin said.

    Powerful New Customer Benefits

    The latest iteration from Microsoft includes enhancements that allow Verizon Business to offer customers a more streamlined server deployment that will accelerate time to market. For example, Windows Server 2008 eliminates much of Verizon Business' reliance on custom code and third-party tools previously required.

    Windows Server 2008 also includes an updated Web server, Microsoft's Internet Information Services 7.0, which will enable Verizon Business to deploy, manage and host Web applications and services with enhanced performance. The Web server features a new, unique modular design, which allows Verizon Business to install just the specific modules that customers require, further expediting deployment and simplifying ongoing management.

    Verizon Business' comprehensive portfolio of IT and hosting solutions delivers complete, end-to-end, integrated IT and network solutions. From simple colocation to full IT applications management, Verizon Business serves as a true extension of a customer's IT organization. Services include Data Center Colocation, Remote Backup and Restore, Hosted Messaging and Instant Messaging, IT Service Desk, Akamai Services, IP Application Hosting and Remote IP Application Management. More information is available by visiting http://www.verizonbusiness.com/us/itsolutions.

    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'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 Business

    CONTACT: Brianna Carroll Boyle of Verizon Business, +1-703-886-7093,
    brianna.boyle@verizon.com

    Web site: http://www.verizonbusiness.com/
    http://www.verizon.com/
    http://www.verizonbusiness.com/us/itsolutions
    http://www.verizon.com/news

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

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