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TAIPEI, Taiwan, April 29 /Xinhua-PRNewswire-FirstCall/ -- Chunghwa Telecom Co., Ltd (TAIEX: 2412, NYSE: CHT) (''Chunghwa'' or ''the Company''), today reported its operating results for the first quarter of 2008. All figures are presented on consolidated basis and prepared in accordance with generally accepted accounting principles in the Republic of China (''ROC GAAP'').

Beginning in 2008, the Company reports its financial results in ROC GAAP only and provides reconciliations between ROC GAAP and generally accepted accounting principles in the United States (''US GAAP'') of net income and stockholders' equity to holders of American Depositary Shares (the ''ADSs'') listed on the New York Stock Exchange (''NYSE''). The consolidated financial statements under ROC GAAP will be prepared every quarter, and the Company plans to publish reconciliation information every quarter in the year of 2008. For more information on the Company's change of the reporting principles from US GAAP to ROC GAAP, please refer to the Form 6-K filed with the Securities and Exchange Commission of the United States (the ''SEC'') on April 25, 2008 (File No. 001-31731).

(Comparisons, unless otherwise stated, are with respect to the prior year period)

Financial Highlights for 1Q08: -- Total revenue increased by 12.1% to NT$51.0 billion -- Internet and data revenue grew 2.9% to NT$12.5 billion; ADSL & FTTB revenue increased by 2.3% to NT$5.1billion -- Mobile revenue grew 0.3% to NT$18.1 billion; Mobile VAS revenue increased by 35.3% -- Net income totaled NT$10.7 billion, representing a decrease of 11.4% -- Earnings per share (''EPS'') decreased by 1.8% to NT$1.12 Revenue

Chunghwa's total revenue for the first quarter of 2008 increased by 12.1%, as compared with the first quarter of 2007, to NT$51.0 billion, of which 28.3% was from fixed-line services, 35.6% was from mobile services, 24.6% was from Internet and data services, and the remainder was mainly from handset sales from our subsidiary SENAO on a consolidated basis.

Chunghwa's strong operating results in the first quarter of 2008 were primarily driven by the consolidation of revenue from the Company's acquisition of SENAO, as well as continued growth in the Internet and data and mobile businesses. Chunghwa's Internet and data business achieved revenue of NT$12.5 billion in the first quarter of 2008, representing a 2.9% increase, as compared with the first quarter of 2007. This was primarily driven by the continued total broadband subscriber growth and broadband speed upgrades. Mobile revenue increased by 0.3% in the first quarter of 2008 to NT$18.1 billion, mainly due to growing mobile subscriber numbers and significant mobile VAS revenue growth. Fixed-line revenue remained flat year-over-year at NT$14.4 billion for the first quarter of 2008. Among this, local revenue and domestic long distance revenue decreased 1.3% and 4.4%, respectively. The Company attributes these decreases to sustained mobile and VOIP substitution. The decrease of local and domestic long distance revenue was partially offset by the increase in international long distance revenue of 6.4%, which resulted from the growth of the Company's wholesale business and settlement income.

Costs and expenses

For the first quarter of 2008, total operating cost and expense increased year-over-year by 13.6% to NT$34.5 billion, primarily due to NT$3.7 billion in subsidiary operating costs and expenses. The increase of operating costs of the Company on a stand-alone basis was relatively smaller, mainly consisting of the increases of maintenance fee, telecom material expense, interconnection fee.

Income tax

The Company's income tax for the first quarter of 2008 was NT$3.5 billion, representing a 5.9% increase compared to NT$3.3 billion for the first quarter of 2007. This was due to a decrease in tax credit of NT$0.3 billion.

EBITDA and net income

EBITDA for the first quarter of 2008 increased by 4.4% year-over-year to NT$26.1 billion, resulting in an EBITDA margin of 51.3%, down from 55.1% for the first quarter of 2007. The EBITDA margin declined because of the lower EBITDA margin of our subsidiaries. EBITDA margin of the Company on a stand- alone basis has maintained at the same level year-over-year. Net income for the first quarter of 2008 was NT$10.7 billion, representing a decrease of 11.4%. This decrease in net income was primarily attributable to the mark-to- market unrealized loss of foreign derivative contract.

Capex

Capital expenditures totaled NT$5.5 billon for the first quarter of 2008, of which 71% was for wire line (including fixed-line and internet and data), 5.8% was for mobile equipment, and the remainder 23.3% was for other investments, including purchases of state-owned land where one of our outlets locates.

Cash Flows

Net cash flow from operations increased by 19.5% in the first quarter of 2008 to NT$18.6 billion, as compared to NT$15.6 billion in the first quarter of 2007. This was primarily due to the increase in accounts payable. As of March 31, 2008, the Company's cash and cash equivalents totaled NT$75.9 billion.

Business Performance Highlights: Internet and Data Services -- Total HiNet subscribers decreased 5.8% year-over-year due to the separation of 350,000 Prepaid Card subscribers from the total HiNet subscriber base in May 2007. This decline was partially offset by the strong HiNet FTTB subscription growth, with 385,000 net additions over past twelve months bringing the total HiNet FTTB subscriber number to 622,000 as of March 31, 2008. -- Overall, the Company had 4.28 million broadband subscribers (including ADSL and FTTB) at the end of the first quarter of 2008, representing a 4.1% increase in total broadband subscribers compared to the end of the first quarter of 2007. By the end of the first quarter of 2008, the number of ADSL and FTTB subscriptions with a service speed greater than 8 Mbps reached 1.28 million, representing a 29.9% increase of the total broadband subscribers. -- As of the end of the first quarter of 2008, Chunghwa had 435,000 MOD subscribers, a 52.7% year-over-year increase, with the addition of 41,000 new subscribers during the first quarter of 2008 alone. -- Internet and data revenue was NT$12.5 billion in the first quarter of 2008, representing a 2.9% increase compared to the first quarter of 2007. This was primarily attributable to continued revenue growth from internet revenue and ADSL and FTTB access revenue along with the growth of our broadband business. Mobile Services -- As of March 31, 2008, Chunghwa had 8.72 million mobile subscribers, up by 2.0% compared to 8.70 million as of the first quarter of 2007. -- Chunghwa remained the leading mobile operator in Taiwan. According to statistics published by the ROC National Communications Commission, the Company's total subscriber market share (including 2G, 3G and PHS) was 35.7%, while the Company's mobile revenue share was 34.2% as of the end of February 2008. -- As of March 31, 2008, Chunghwa had 2.59 million 3G subscribers, a 12.9% increase as compared to that of the end of 2007. At the end of the first quarter of 2008, 3G ARPU was 61% higher than that of 2G. -- Mobile VAS revenue for the first quarter of 2008 was NT$1.7 billion, posting a 35.3% increase year-over-year, with SMS revenue up 32.8% and mobile internet revenue up 54.7% year-over-year, respectively. Fixed-line Services -- As of the end of the first quarter of 2008, the Company maintained its leading fixed-line market position, with fixed-line subscribers totaling 12.91 million. Forecast for fiscal year 2008 (for the Company on a stand-alone basis only) -- Total revenue to be NT$185.0 billion -- Operating costs and expenses to be NT$128.2 billion -- Income before income tax to be NT$56.62 billion -- Net income to be NT$ 43.60billion Financial Statements

Financial statements and additional operational data can be found on the Company's website at http://www.cht.com.tw/ir/filedownload .

Note Concerning Forward-looking Statements

Except for statements in respect of historical matters, the statements made in this press release contain ''forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, financial condition or results of operations of Chunghwa to be materially different from what may be implied by such forward- looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, among other things: extensive regulation of telecom industry; the intensely competitive telecom industry; our relationship with our labor union; general economic and political conditions, including those related to the telecom industry; possible disruptions in commercial activities caused by natural and human induced events and disasters, including terrorist activity, armed conflict and highly contagious diseases, such as SARS; and those risks identified in the section entitled ''Risk Factors'' in Chunghwa's annual reports on Form F-20 filed with the SEC.

The forward-looking statements in this press release reflect the current belief of Chunghwa as of the date of this press release and we undertake no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date.

SPECIAL NOTE REGARDING NON-GAAP FINANCIAL MEASURES

A body of generally accepted accounting principles is commonly referred to as "GAAP". A non-GAAP financial measure is generally defined by the SEC as one that purports to measure historical or future financial performance, financial position or cash flows but excludes or includes amounts that would not be so adjusted in the most comparable U.S. GAAP measure. We disclose in this report certain non-GAAP financial measures, including EBITDA. EBITDA for any period is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other expenses, net, (iv) income tax, (v) cumulative effect of change in accounting principle, net of tax and (vi) (income) loss from discontinued operations.

In managing our business we rely on EBITDA as a means of assessing our operating performance. We believe that EBITDA can be useful to facilitate comparisons of operating performance between periods and with other companies because it excludes the effect of (i) depreciation and amortization, which represents a non-cash charge to earnings, (ii) certain financing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and inflation rates, which have little or no bearing on our operating performance, (iii) income tax and tax on assets and statutory employee profit sharing, which is similar to a tax on income and (iv) other expenses or income not related to the operation of the business. EBITDA is also a useful basis of comparing our results with those of other companies because it presents operating results on a basis unaffected by capital structure and taxes.

EBITDA is not a measure of financial performance under U.S. GAAP or ROC GAAP. EBITDA should not be considered as an alternate measure of net income or operating income, as determined on a consolidated basis using amounts derived from statements of operations prepared in accordance with ROC GAAP, as an indicator of operating performance or as cash flows from operating activity or as a measure of liquidity. EBITDA has material limitations that impair its value as a measure of a company's overall profitability since it does not address certain ongoing costs of our business that could significantly affect profitability such as financial expenses and income taxes, depreciation, pension plan reserves or capital expenditures and associated charges. The EBITDA presented herein relates to ROC GAAP, which we use to prepare our consolidated financial statements.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) is the leading telecom service provider in Taiwan. Chunghwa Telecom provides fixed-line, mobile and Internet and data services to residential and business customers in Taiwan.

If you have any questions in connection with the change of accounting policy, please contact the following person:

Contact name: Ms. Fu-fu Shen Phone: +886-2-2344-5488 Fax: +886-2-3393-8188 Email: ffshen@cht.com.tw Address: CHUNGHWA TELECOM CO., LTD. 21-3 Hsinyi Road, Section 1, Taipei, Taiwan, Republic of China

Chunghwa Telecom

CONTACT: Fu-fu Shen of Chunghwa Telecom, +886-2-2344-5488, or fax,
+886-2-3393-8188, ffshen@cht.com.tw

Web site: http://www.cht.com.tw/ir/filedownload

Oman Arab Bank Underpins Expansion Plans With the Latest Version of Misys Equation

LONDON, April 29 /PRNewswire/ --

- First Middle East Bank to Benefit From Misys Equation 3.9

Misys plc (LSE: MSY), the global application software and services company, today announced that Oman Arab Bank will be the first Middle East Bank to go live with Misys Equation 3.9, the latest version of its widely-used retail banking system.

Installed in the bank's headquarters in Muscat, Misys Equation is running Oman Arab Bank's back-office operations in all 40 branches throughout the country. The latest version of Misys' globally-implemented retail banking solution features a number of key functional improvements, and through this upgrade, the bank will be able to extend its coverage in the region and provide better services to more customers as it continues to expand operations.

Mustafa Srour, Oman Arab Bank's Assistant General Manager, IT, comments, "We have aggressive expansion plans for our business and we needed the most up-to-date solution to underpin our move to open further branches within our network. We have benefited from Misys technology and expertise for more than 20 years and we are very excited to have implemented the very latest version of Misys Equation to increase our flexibility and stability as we continue to grow."

Oman Arab Bank will benefit from the increased flexibility Misys Equation 3.9 provides as well as its enhanced lending capabilities. The bank's customers will be able to benefit from more choice in the products and services available to them and will see a faster response time in all interactions with the bank wherever they are in the region.

Roy Froud, General Manager Middle East & Africa, Misys, adds, "The management team at Oman Arab Bank has consistently focused on improving customer service and differentiating themselves from the competition. We are delighted to be able to support them as they continue to grow their business. This latest, most advanced version of Misys Equation brings them stability, speed, ease of integration and an increase in performance that will help them maintain their leading position in the region."

About Misys plc

Misys plc (LSE: MSY), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys is a market leader, serving more than 110,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.

Misys: experience, solutions, results

For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Banking, +44(0)208-486-1661, edward.taylor@misys.com ; Caroline Parker, Financial Dynamics, +44(0)207-269-7295, caroline.parker@fd.com .

Misys plc

QINO Flagship - Another Great Call: Jajah and Yahoo! Announce Strategic Partnership

BAAR, Switzerland, April 29 /PRNewswire/ --

- 97 Million Users Served by Jajah Technology. QINO Only Possibility to Participate in Jajah

Jajah Inc., a portfolio company of QINO Flagship AG (Reuters: QINO.BN), has been selected by Yahoo! (Reuters: YHOO.O) as its outsource partner for its premium voice service.

Calls made by the nearly 97 million worldwide users of Yahoo! Messenger will now be routed over the Jajah network. In addition to telephony infrastructure, Jajah will provide payment processing and customer care services.

This partnership leverages Jajah's open VoIP communications platform to support the existing Yahoo! Messenger voice offering. Through this collaboration, Jajah provides Yahoo! Messenger users with an instant Internet telephony network, merging the best of traditional and IP telephony.

"This strategic partnership confirms Jajah's status as the provider of next-generation telecom infrastructure," said Daniel Marty, Chairman of QINO Flagship AG. "Jajah is defining new global standards for VoIP communications, satisfying not only its more than 10 million retail users, but also corporate partners such as Yahoo!

As a result of its unique investment strategy, QINO Flagship AG is the only publicly-listed stock that allows participation in Jajah.

About QINO Flagship AG

QINO Flagship AG is a Swiss investment company, founded in 2000 and based in Baar, Switzerland. Its shares are officially quoted on the BX Berne eXchange and are also traded on the OTC markets of the Vienna, Berlin, Frankfurt, Munich and Stuttgart stock exchanges.

QINO Flagship's portfolio is concentrated on a select number of high-tech investments, which currently include:

Jajah Inc. (http://www.jajah.com) - the world's most innovative global communications company

Pankl Racing Systems AG (http://www.pankl.com) - manufacturer of engine and drivetrain components for global motor racing and aerospace industries

Heilig & Schubert Software AG (http://www.hs-soft.com) - developer of email and document archiving software

Update Software AG (http://www.update.com) - CRM software solution provider

This press release is purely for informational purposes and is neither an offer to buy nor the solicitation of an offer to sell any shares of QINO Flagship AG.

Press Contact - QINO: Daniel Marty T: +41(0)41-766-5333 F: +41(0)41-766-5334 E: dm@QINO.com I: http://www.qino.com Press Contact - Creatix Communications Agency: Neil Wilkins T: +43(0)688-868-3830 E: wilkins@creatix.at

QINO Flagship AG

Press Contact - QINO: Daniel Marty, T: +41(0)41-766-5333, F: +41(0)41-766-5334, E: dm@QINO.com; Press Contact - Creatix Communications Agency: Neil Wilkins, T: +43(0)688-868-3830, E: wilkins@creatix.at

Ceragon Powers Codetel High-Capacity Wireless Backbone in the Dominican RepublicCodetel, the Leading Fixed/Wireless Operator in the Dominican Republic and a Subsidiary of America Movil to Deploy Ceragon's Wireless Trunk Solution in a Deal Valued Over $1 MillionCeragon Networks Ltd. (NASDAQ and TASE: CRNT), a leading provider of high-capacity wireless backhaul solutions, today announced that it is shipping its advanced FibeAir(R) solutions to Codetel, the leading fixed and mobile operator of the Dominican Republic and a subsidiary of America Movil, the leading wireless service provider in Latin America. Codetel will implement Ceragon's FibeAir 3200T long haul trunk solution to enhance the reach and capacity of its fixed and mobile backbone network. In addition, the operator will also take advantage of Ceragon's FibeAir 640 for a range of access backhaul applications. With installation and project management handled by Telenetworks, the deal is valued at over $1 million in revenue for Ceragon.

TEL AVIV, Israel, April 29 /PRNewswire-FirstCall/ -- Codetel is expanding its backbone network using Ceragon's FibeAir 3200T point-to-point backbone transmission solution. FibeAir 3200T provides high capacity connectivity using multiple STM-1, OC-3, FE or GbE, enabling the deployment of voice and data services for rapidly growing networks. Allowing quick and easy deployment, the FibeAir 3200T trunk system powers Codetel with an economical alternative to fiber optic lines. Codetel will additionally implement Ceragon's high-capacity FibeAir 640 solution into its access backhaul network. The FibeAir 640 will enable Codetel to quickly scale up the capacity of its access backhaul network using remote software configuration.

"Codetel is rapidly expanding its network coverage while increasing our capacity support in order to meet the demand for additional fixed and wireless broadband services," said Eng. Juan Mota, Network Planning Director at Codetel. "Ceragon's high-capacity wireless solutions allow us to put our network in operation quickly, while the modular architecture of their systems will enable highly cost-efficient upgrades in the future."

"The selection of our FibeAir 3200T trunk solution by a leading operator such as Codetel validates the continuing success of our expanding product portfolio," said Ira Palti, President and Chief Executive Officer of Ceragon. "Codetel joins a growing list of Ceragon customers deploying advanced wireless backhaul solutions that lead the market in capacity, reliability and ease of installation."

About Codetel

The Dominican Telephony Company is the leading provider in the Dominican Republic of telecommunication services including wireline, wireless, long distance, internet and data with their recognized brands Codetel and Claro. Based in Santo Domingo and in service since 1930, Codetel is the only provider in the Dominican Republic that offers a complete telecommunications portfolio, which allows to segment their customer preferences. It is an America Movil Group subsidiary, which is the leading provider of wireless services in Latin America with operations in several countries of the American Continent.

About TeleNetworks Broadband Solutions, Inc.:

TeleNetworks Broadband Solutions, Inc. is a San Juan, Puerto Rico based reseller and systems integrator with over 20 years of experience in providing telecommunications networking solutions to carriers, utilities, service providers, MSOs and enterprises in Puerto Rico, Dominican Republic, and the rest of the Caribbean. Visit http://www.telenetworkspr.com/.

About Ceragon Networks Ltd.

Ceragon Networks Ltd. (NASDAQ and TASE: CRNT) is a leading provider of high capacity wireless backhaul solutions that enable wireless service providers to deliver voice and premium data services, such as Internet browsing, music and video applications. Ceragon's wireless backhaul solutions use microwave technology to transfer large amounts of network traffic between base stations and the infrastructure at the core of the mobile network. Ceragon designs solutions to provide fiber-like connectivity for circuit-switched, or SONET/SDH, networks, next generation Ethernet/Internet Protocol, or IP-based, networks, and hybrid networks that combine circuit-switched and IP-based networks. Ceragon's solutions support all wireless access technologies, including GSM, CDMA, EV-DO and WiMAX. These solutions address wireless service providers' need to cost-effectively build-out and scale their infrastructure to meet the increasing demands placed on their networks by growing numbers of subscribers and the increasing demand for premium data services. Ceragon also provides its solutions to businesses and public institutions that operate their own private communications networks. Ceragon's solutions are deployed by more than 150 service providers of all sizes, as well as in hundreds of private networks, in nearly 100 countries. More information is available at http://www.ceragon.com/

Ceragon Networks(R), CeraView(R), FibeAir(R) and the FibeAir(R) design mark are registered trademarks of Ceragon Networks Ltd., and Ceragon(TM), PolyView(TM), ConfigAir(TM), CeraMon(TM), EtherAir(TM), QuickAir(TM), QuickAir Partner Program(TM), QuickAir Partner Certification Program(TM), QuickAir Partner Zone(TM), EncryptAir(TM) and Microwave Fiber(TM) are trademarks of Ceragon Networks Ltd.

This press release may contain statements concerning Ceragon's future prospects that are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections that involve a number of risks and uncertainties. There can be no assurance that future results will be achieved, and actual results could differ materially from forecasts and estimates. These are important factors that could cause actual results to differ materially from forecasts and estimates. These risks and uncertainties, as well as others, are discussed in greater detail in Ceragon's Annual Report on Form 20-F and Ceragon's other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and Ceragon undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made.

Company Contact: Yoel Knoll Ceragon Networks Ltd. +972-3-766-6419 yoelk@ceragon.com Investor Contact: Vered Shaked Ceragon Networks Ltd. +972-3-645-5513 ir@ceragon.com

Ceragon Networks Ltd

CONTACT: Company Contact: Yoel Knoll, Ceragon Networks Ltd.,
+972-3-766-6419, yoelk@ceragon.com; Investor Contact: Vered Shaked, Ceragon
Networks Ltd., +972-3-645-5513, ir@ceragon.com

AVT Debuts Its Vendosk at KioskCom Self Service Expo Show in Las Vegas; Cutting Edge Technology Solution to Improve Customer Experiences

CORONA, Calif. and LAS VEGAS, April 29 /PRNewswire-FirstCall/ -- AVT, Inc. (formerly Automated Vending Technologies), (Pink Sheets: AVTC), today announced an outstanding reception for its new "Vendosk," which was premiered at the 2008 Spring KioskCom show at the Mandalay Bay Convention Center in Las Vegas at a shared booth with Hemisphere West, one of its strategic business alliances.

"I have been organizing and running KioskCom Self Service Expo for 12 years and AVT's Vendosk is an amazing innovation," said Lawrence Dvorchik, general manager of KioskCom Self Service Expo and The Digital Signage Show. "I've seen many different products over the years, and Vendosk's capabilities are truly impressive. I wouldn't be surprised to see them popping up in public places very soon."

"Seeing new products like Vendosk are exactly what KioskCom Self Service Expo is all about -- showcasing the cutting edge technology solutions that improve customer experiences while allowing for better operational efficiencies. Kudos to AVT for designing and exhibiting such a refreshing idea!"

The Vendosk is a vending machine that has interactive features and characteristics similar to a kiosk system but has the capabilities of dispensing a variety of products like a vending system, said James Winsor AVT's Director of Engineering and Manufacturing. "There was no other product like it at KioskCom. Our Vendosk uses an interactive touch screen to make product selection and intuitively steps the user through the transaction process allowing them to pay via cash, credit or debit cards, and to then receive the dispensed product."

Tommy Buzbee, AVT's National Sales Vice President, stated, "The KioskCom trade show which boasts nearly 3500 qualified attendees ranging from companies such as AT&T to Target, were all genuinely surprised to see a kiosk that actually dispenses products." He explained that "the Vendosk was specifically designed to dispense high ticket items such as cell phones, digital cameras and MP3 players and offering the user a variety of payment options from cash to credit."

"KioskCom was a huge success for AVT as we spoke directly with entities ranging from the Department of the Army to well-known companies who stated there were plenty of kiosks at the show but few that offer any type of multiple dispensing possibilities. We took direct orders from the show which will add directly to AVT's bottom line as a manufacturer of highly evolved vending systems," Mr. Buzbee concluded.

AVT, Inc. (Pink Sheets: AVTC - News) is a vending solutions provider based in Corona, California that has developed several significant vending machine technologies that yield a more efficient and reliable yet technically advanced system. This advanced technology provides methods for cashless payment, credit card and debit card use, dynamic advertising with remote tracking and inventory management. AVT has grown privately for five years and has a strong balance sheet with current revenues, inventory and assets. AVT currently serves more than 300 government and commercial vending accounts in Southern California.

Forward-Looking Statements

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

Contact: AVT, Inc. Tommy Buzbee (National Sales Vice President) 951-737-1057

AVT, Inc.

CONTACT: Tommy Buzbee, National Sales Vice President of AVT, Inc.,
+1-951-737-1057

VisionChina Media to Conduct Overseas Non-deal Road Show and also Attend 2nd CLSA Corporate Access Forum, 2nd Annual Oppenheimer Dragon Call Conference and Brean Murray All-Cap All-China Conference

BEIJING, China, April 29 /Xinhua-PRNewswire/ -- VisionChina Media Inc. , one of China's largest mass transportation mobile television advertising networks, today announced that VisionChina Media's chief financial officer, Dina Liu will travel to the United States in early May to conduct an overseas non-deal road show and then travel to Singapore to participate in the 2nd CLSA Corporate Access Forum on May 20th. The Company's IR manager, AJ Wang will participate in the Brean Murray All-Cap All-China Conference and the 2nd Annual Oppenheimer Dragon Call Conference, both in New York City during the week of May 19th.

Upcoming conferences: Brean Murray All-Cap All-China Conference Location: New York City, Waldorf=Astoria Hotel Date: May 19 - May 20 Oppenheimer's 2nd Annual China Dragon Call Conference Location: New York City, Oppenheimer at 300 Madison Avenue Date: May 20 - May 22 2nd CLSA Corporate Access Forum Location: Singapore, Mandarin Oriental Hotel Date: May 20 - May 23 Non-deal road shows: Date: May 7 - 8 Location: New York Sponsored by Susquehanna International Group Date: May 9 Location: Mid Atlantic Sponsored by Morgan Stanley Date: May 12, 13 & 14 Location: Boston, Chicago & San Francisco Sponsored by Credit Suisse

VisionChina operates an out-of-home advertising network on mass transportation systems, including buses and subways that reach approximately 26 million viewers each day in China, according to CTR Market Research. As of March 31, 2008, VisionChina's advertising network included over 48,719 mobile digital displays on mass transportation systems in 15 of China's most affluent cities, including Beijing, Guangzhou and Shenzhen. VisionChina has the unique ability to deliver real-time, location-specific broadcasting, including news, stock quotes, weather and traffic reports and other entertainment programming. For more information, please visit http://www.visionchina.cn/ .

For investor and media inquiries, please contact: In China: Mr. AJ Wang Senior IR Manager, VisionChina Media Inc. Tel: +86-10-8418-6339 Email: aj.wang@visionchina.cn Mrs. Helen Plummer Ogilvy Public Relations Worldwide (Beijing) Tel: +86-10-8520-3090 Email: helen.plummer@ogilvy.com In the United States: Mr. Jeremy Bridgman Ogilvy Public Relations Worldwide (New York) Tel: +1-212-880-5363 Email: jeremy.bridgman@ogilvypr.com

VisionChina Media Inc.

CONTACT: In China - Mr. AJ Wang, Senior IR Manager, VisionChina Media
Inc., +86-10-8418-6339, or aj.wang@visionchina.cn; Mrs. Helen Plummer of
Ogilvy Public Relations Worldwide (Beijing), +86-10-8520-3090, or
helen.plummer@ogilvy.com; In the United States - Mr. Jeremy Bridgman of Ogilvy
Public Relations Worldwide (New York), +1-212-880-5363, or
jeremy.bridgman@ogilvypr.com

Web Site: http://www.visionchina.cn/

ECommerce Giant Lyreco Selects AutonomyOffice Supplies Retailer Chooses Autonomy to Power its eCommerce Portal in 27 Countries and 17 Languages

CAMBRIDGE, England and SAN FRANCISCO, California, April 29 /PRNewswire-FirstCall/ -- Autonomy Corporation plc , a global leader in infrastructure software for the enterprise, today announced that eCommerce giant Lyreco, a global distributor of office supplies active in over 27 countries and with staff exceeding 10,000, has chosen Autonomy to power its On Line Ordering eCommerce portal. Autonomy's unique technology was selected after a competitive procurement due to its language independence, unparalleled scalability, and unique conceptual retrieval which help to ensure a highly rewarding user experience for even the most discerning shopper.

Lyreco customers can now benefit from instant product discovery and a first-class shopping experience as Autonomy's next-generation technology automatically profiles web shoppers to guide them to sought-after products and make tailor-made suggestions on products that might be of interest. Unlike legacy approaches, which base their recommendations on the search and buying history of other users with similar purchasing behavior, Autonomy's unique eCommerce offering bases each recommendation on a user's automatically generated profile thus ensuring an unprecedented degree of customization.

The On Line Ordering eCommerce portal is available in 27 countries and 17 languages, including Korean, Chinese and Japanese. IDOL's unique ability to simultaneously derive meaning from structured data, such as color and size, and unstructured data such as product description as well as its unprecedented scalability and language independence all played a key role in the selection process. eCommerce giant Lyreco was also impressed with IDOL's ease of use, a critical feature for a global e-tailer servicing thousands of clients.

"As a global eCommerce provider, Lyreco constantly strives to provide its extensive customer base with a first-class user experience that exceeds the expectations of even the most discerning web shoppers regardless of their preferred language or location ," said Eric Jacqmart, eCommerce Manager at Lyreco. "Legacy technological solutions often produce too many results and guide customers to irrelevant products thus resulting in high abandon rates as web shoppers struggle to locate what they need. Autonomy's unique technology enables Lyreco customers to benefit from instant product discovery, tailor-made recommendations and a shopping experience that centers on the individual."

"The eCommerce sector has undergone a major shift in recent years with savvy online shoppers expecting to find and purchase desired products at the click of a button," said Mike Lynch, CEO of Autonomy. "Autonomy is delighted to supplement Lyreco's unique offering with a first-rate shopping experience for its global customer base."

About Autonomy

Autonomy Corporation plc is a global leader in infrastructure software for the enterprise and is spearheading the meaning-based computing movement. Autonomy's technology forms a conceptual and contextual understanding of any piece of electronic data including unstructured information, be it text, email, voice or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including information access technology, BI, CRM, KM, call center solutions, rich media management, information risk management solutions and security applications, and is recognized by industry analysts as the clear leader in enterprise search.

Autonomy's customer base comprises of more than 17,000 global companies and organizations including: 3, ABN AMRO, AOL, BAE Systems, BBC, Bloomberg, Boeing, Citigroup, Coca Cola, Daimler Chrysler, Deutsche Bank, Ericsson, Ford, GlaxoSmithKline, Lloyd TSB, NASA, Nestle, the New York Stock Exchange, Reuters, Shell, T-Mobile, the U.S. Department of Energy, the U.S. Department of Homeland Security and the U.S. Securities and Exchange Commission. Autonomy also has over 300 OEM partners and more than 400 VARs and Integrators, numbering among them leading companies such as BEA, Business Objects, Citrix, EDS, IBM Global Services, Novell, Satyam, Sybase, Symantec, TIBCO, Vignette and Wipro. The company has offices worldwide.

The Autonomy Group includes: ZANTAZ, the leader in the archiving, e-Discovery and Proactive Information Risk Management (IRM) markets; Cardiff, a leading provider of Intelligent Document solutions; etalk, award-winning provider of enterprise-class contact center products, Virage, a visionary in rich media management and security and surveillance technology and Meridio, a leading provider of records management software.

Autonomy and the Autonomy logo are registered trademarks or trademarks of Autonomy Corporation plc. All other trademarks are the property of their respective owners.

Autonomy Editorial Contacts: Rowan Gardner Autonomy (UK) +44-1223-448000 rowang@autonomy.com Sayo Ogundiran Cohn & Wolfe (US) +1-415-365-8552 cwna-autonomy@cohnwolfe.com Edward Bridges Financial Dynamics (UK) +44(0)207-831-3113 edward.bridges@fd.com Bite Communications (UK) +44(0)20-8834-3518 autonomy@bitepr.com

Autonomy Corporation plc

CONTACT: Autonomy Editorial Contacts: Rowan Gardner, Autonomy (UK),
+44-1223-448000, rowang@autonomy.com; Sayo Ogundiran, Cohn & Wolfe (US),
+1-415-365-8552, cwna-autonomy@cohnwolfe.com; Edward Bridges, Financial
Dynamics (UK), +44(0)207-831-3113, edward.bridges@fd.com; Bite Communications
(UK), +44(0)20-8834-3518, autonomy@bitepr.com

Oman Arab Bank Underpins Expansion Plans With the Latest Version of Misys Equation

LONDON, April 29 /PRNewswire-FirstCall/ -- - First Middle East Bank to Benefit From Misys Equation 3.9

Misys plc , the global application software and services company, today announced that Oman Arab Bank will be the first Middle East Bank to go live with Misys Equation 3.9, the latest version of its widely-used retail banking system.

About Misys plc

Misys plc , provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.

We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.

Misys: experience, solutions, results Contact us today, visit: http://www.misys.com/ For further information please contact: Edward Taylor Global Head of Public Relations Misys Banking +44(0)208-486-1661 edward.taylor@misys.com Caroline Parker Financial Dynamics +44(0)207-269-7295 caroline.parker@fd.com

Misys plc

CONTACT: For further information please contact: Edward Taylor, Global
Head of Public Relations, Misys Banking, +44(0)208-486-1661,
edward.taylor@misys.com; Caroline Parker, Financial Dynamics,
+44(0)207-269-7295, caroline.parker@fd.com

Oman Arab Bank Underpins Expansion Plans With the Latest Version of Misys Equation

LONDON, April 29 /PRNewswire/ --

- First Middle East Bank to Benefit From Misys Equation 3.9

About Misys plc

We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.

Misys: experience, solutions, results

For further information please contact: Edward Taylor Global Head of Public Relations Misys Banking +44(0)208-486-1661 edward.taylor@misys.com Caroline Parker Financial Dynamics +44(0)207-269-7295 caroline.parker@fd.com

Misys plc

For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Banking, +44(0)208-486-1661, edward.taylor@misys.com; Caroline Parker, Financial Dynamics, +44(0)207-269-7295, caroline.parker@fd.com

TSMC Reports First Quarter EPS of NT$1.10

HSIN-CHU, Taiwan, April 29 /Xinhua-PRNewswire-FirstCall/ -- TSMC (TAIEX: 2330) today announced consolidated revenue of NT$87.5 billion, net income of NT$28.14 billion, and diluted earnings per share of NT$1.10 (US$0.17 per ADS unit) for the first quarter ended March 31, 2008.

Year-over-year, first quarter revenue increased 34.8% while net income and diluted EPS increased 49.4% and 54%, respectively. On a sequential basis, first quarter results represent a 6.8% decrease in revenue, a decrease of 18.4% in net income, and a decrease of 16.4% in diluted EPS. All figures were prepared in accordance with R.O.C. GAAP on a consolidated basis.

First quarter business followed a normal seasonal pattern, but revenue and margins were negatively impacted by the strength of the NT dollar. The 2.6% average appreciation of the NT dollar reduced revenue by 2.6% and reduced gross margin by 1 percentage point. The resulting gross margin was 43.7%, operating margin was 33.3%, and net margin was 32.2%.

Advanced process technologies (0.13-micron and below) accounted for 63% of wafer revenues with 90-nanometer process technology accounting for 28% and 65- nanometer reaching 15% of total wafer sales.

''First quarter was a good quarter. The results were in line with guidance, in spite of the higher than forecast appreciation of the NT dollars against the US dollars. In addition, we began implementing a new ROC accounting rule which requires the expensing of employee profit sharing,'' said Lora Ho, VP and Chief Financial Officer of TSMC. ''Based on our current business outlook, management's expectations for second quarter 2008 performance are as follows'':

-- Revenue is expected to be between NT$87 billion and NT$89 billion; -- Gross profit margin is expected to be between 43% and 45%; -- Operating profit margin is expected to be between 32% and 34%. Conference Call & Webcast Notice:

TSMC's quarterly review conference call will be held at 8 a.m. Eastern Time (8 p.m. Taiwan Time) on Tuesday, April 29, 2008. The conference call will also be webcast live on the Internet. Investors wishing to access the live webcast should visit TSMC's web site at http://www.tsmc.com/ at least 15 minutes prior to the broadcast. Instructions will be provided on the web site to facilitate the download and installation of necessary audio applications. Investors without Internet access may listen to the conference call, in listen-only mode, by dialing 1-617-224-4327 in the U.S., 852-3002-1672 in Hong Kong, 65-6823-2164 in Singapore, and 44-207-365-8426 in the U.K. (Password: TSMC). An archived version of the webcast will be available on TSMC's web site for six months following the Company's quarterly review conference call and webcast.

Profile

TSMC (TAIEX: 2330; NYSE: TSM) is the world's largest dedicated semiconductor foundry, providing the industry's leading manufacturing capacity, process technology, and the foundry industry's largest portfolio of process-proven libraries, IP, design tools and reference flows. TSMC currently operates two twelve-inch wafer fabs, four eight-inch fabs, and one six-inch fab. The Company also operates two eight-inch fabs at its wholly owned subsidiaries, WaferTech in the U.S. and TSMC (Shanghai) Company, Ltd. in China, and has substantial capacity commitments from a joint-venture fab, SSMC, in Singapore. Total managed capacity in 2007 exceeds eight million eight-inch equivalent wafers. TSMC is the first foundry to provide 65-nanometer production capabilities. TSMC's corporate headquarters are in Hsin-Chu, Taiwan. More information about TSMC is available at http://www.tsmc.com/ .

TSMC 1Q08 Quarterly Management Report April 29, 2008 Topics in This Report -- Revenue Analysis -- Profit & Expense Analysis -- Financial Condition Review -- Cash Flow -- CapEx & Capacity -- Recap of Recent Important Events & Announcements Operating Results Review: Summary: (Amounts are on consolidated basis and are in NT billions except otherwise noted) 1Q08 4Q07 1Q07 QoQ YoY EPS (NT$ per common share) 1.10 1.31 0.71 (16.4%) 54.0% (US$ per ADR unit) 0.17 0.20 0.11 -- -- Consolidated Net Sales 87.48 93.86 64.90 (6.8%) 34.8% Gross Profit 38.24 44.84 24.61 (14.7%) 55.4% Gross Margin 43.7% 47.8% 37.9% -- -- Operating Expense (9.12) (8.08) (6.73) 12.9% 35.4% Operating Income 29.12 36.76 17.88 (20.8%) 62.9% Operating Margin 33.3% 39.2% 27.5% -- -- Non-Operating Items 2.45 2.57 2.19 (4.9%) 11.8% Net Income 28.14 34.48 18.84 (18.4%) 49.4% Net Profit Margin 32.2% 36.7% 29.0% -- -- Wafer Shipment (kpcs 8 inch-equiv.) 2,196 2,357 1,566 (6.8%) 40.3% Remarks:

The first quarter diluted earnings per share were NT$1.10, representing an increase of 54.0% over the same period last year and a decline of 16.4% from the previous quarter. The consolidated operating results of 1Q08 are summarized below:

Net sales in the first quarter were NT$87.5 billion, up 34.8% from NT$64.9 billion in 1Q07 and down 6.8% from NT$93.9 billion in 4Q07.

Gross profit for the quarter was NT$38.2 billion with gross margin of 43.7%, 4.1 percentage points lower than the 47.8% gross margin in 4Q07, mainly due to accrued expenses of employee profit sharing and negative impact of a higher than forecast appreciation of the NT dollar.

Operating expenses, including expenses accrued for employee profit sharing, were NT$9.1 billion or 10.4% of net sales. The combined result from non-operating income and long-term investments was a gain of NT$2.4 billion.

Consolidated net income attributable to shareholders of the parent company, including an accrual of employee profit sharing, was NT$28.1 billion, up 49.4% from a year ago level and down 18.4% from the previous quarter. Net profit margin was 32.2% for 1Q08.

I. Revenue Analysis I. Wafer Sales Analysis By Application 1Q08 4Q07 1Q07 Computer 34% 35% 30% Communication 42% 42% 42% Consumer 17% 15% 17% Industrial/Others 5% 5% 7% Memory 2% 3% 4% By Technology 1Q08 4Q07 1Q07 65nm and below 15% 10% 1% 90nm 28% 29% 22% 0.11/0.13um 20% 20% 26% 0.15/0.18um 23% 27% 30% 0.25/0.35um 10% 10% 15% 0.50um+ 4% 4% 6% By Customer Type 1Q08 4Q07 1Q07 Fabless/System 1% 68% 65% IDM 29% 32% 35% By Geography 1Q08 4Q07 1Q07 North America 76% 79% 77% Asia Pacific 12% 11% 11% Europe 9% 8% 7% Japan 3% 2% 5% Revenue Analysis:

In-line with our guidance, first quarter 2008 revenue reached NT$87.5 billion. 1Q08 business followed a normal seasonal pattern but revenue was negatively impacted by a 2.6% appreciation in the NT dollar. Demand from consumer related applications grew but communication and computer applications declined during the quarter. On a sequential basis, revenue from consumer applications increased 3%, while revenues for communication and computer applications declined 9% and 12%, respectively.

As a result of continued strong ramp for our 65nm technology, revenue from 65nm reached 15% of total wafer sales during the quarter, up from 10% in the previous quarter. Meanwhile, revenue from 90nm remained strong and accounted for 28% of total wafer sales. Overall, revenues from advanced technologies (0.13-micron and below) accounted for 63% of total wafer sales, up four percentage points from the 4Q07.

Revenues from IDM customers accounted for 29% of total wafer sales in 1Q08, compared to 32% in 4Q07.

From a geographic perspective, revenues from customers based in North America accounted for 76% of total wafer sales. Meanwhile, sales from customers in Asia Pacific, Europe and Japan accounted for 12%, 9% and 3% of wafer sales, respectively.

II. Profit & Expense Analysis II - 1. Gross Profit Analysis (In NT billions) 1Q08 4Q07 1Q07 COGS 49.2 49.0 40.3 Depreciation 18.1 18.5 18.5 Other MFG Cost 31.1 30.5 21.8 Gross Profit 38.2 44.8 24.6 Gross Margin 43.7% 47.8% 37.9% Gross Profit Analysis:

Gross margin in 1Q08 was 43.7%, down 4.1 percentage points from the previous quarter, reflecting the expensing of employee profit sharing (2.5 percentage points), an appreciation of the NT dollar (1.0 percentage point), and a lower level of capacity utilization, partially offset by cost improvements.

II - 2. Operating Expenses (In NT billions) 1Q08 4Q07 1Q07 Total Operating Exp. 9.12 8.08 6.73 SG&A 3.85 3.07 2.79 Research & Development 5.27 5.01 3.94 Total Operating Exp. 10.4% 8.6% 10.4% as a % of Sales Operating Expenses:

Total operating expenses for 1Q08, including the accrued expenses of employee profit sharing (2.3 percentage points), increased by 12.9% sequentially to reach NT$9.1 billion, or 10.4% of net sales, compared with 8.6% of net sales in the previous quarter.

Research and development expenditures increased by NT$258 million quarter-over-quarter, mainly due to expensing of employee profit sharing, offset partially by cost improvement due to the maturity of 65nm technologies.

SG&A expenses increased by NT$780 million from the previous quarter, mostly due to expensing of employee profit sharing.

II - 3. Non-Operating Items (In NT billions) 1Q08 4Q07 1Q07 Non-Operating Inc./(Exp.) 1.8 1.7 1.8 Net Interest Income/(Exp.) 1.2 1.2 1.2 Other Non-Operating 0.6 0.5 0.6 L-T Investments 0.6 0.9 0.4 SSMC 0.4 0.5 0.1 Others 0.2 0.4 0.3 Total Non-Operating Items 2.4 2.6 2.2 Non-Operating Items:

Combined result from non-operating income and long-term investments was a gain of NT$2.4 billion for first quarter 2008.

Non-operating income was NT$1.8 billion, up from NT$1.7 billion in the previous quarter, primarily due to lower hedging costs.

Net investment income decreased by NT$300 million in the quarter to NT$577 million.

II - 4. PSE Impact 1Q08 4Q07 1Q07 Gross Margin w/ PSE 43.7% 43.2% 34.3% Gross Margin w/o PSE 46.2% 47.8% 37.9% PSE Imapct -2.5% -4.6% -3.6% Operating Margin w/ PSE 33.3% 30.2% 20.4% Operating Margin w/o PSE 38.1% 39.2% 27.5% PSE Impact -4.8% -9.0% -7.1% * PSE: Profit Sharing Expenses ** 2007 PSE impact is estimated using the 12/31/2007 closing share price adjusted for dividends The Impact of Employee Profit Sharing:

Total impact from employee profit sharing expensing (PSE) on gross margin in 1Q08 was 2.5 percentage points. If we use 12/31/2007 market price, adjusted for dividends, to reflect PSE's impact in 2007, gross margin in 1Q08 would represent an improvement of 50 basis points from 4Q07.

Similarly, total PSE impact on operating margin was 4.8 percentage points in 1Q08, which was 4.2 percentage points less than that of 4Q07.

III. Financial Condition Review III - 1. Liquidity Analysis (Selected Balance Sheet Items) (In NT billions) 1Q08 4Q07 1Q07 Cash & Marketable Securities 210.3 174.8 217.4 Accounts Receivable - Trade 38.0 42.4 33.1 Inventory 21.9 23.9 22.3 Total Current Assets 281.5 249.8 286.1 Accounts Payable 22.6 19.3 19.2 Current Portion of Bonds Payable 8.0 0.0 4.5 Accrued Liabilities and Others 31.4 29.4 21.4 Total Current Liabilities 62.0 48.7 45.1 Current Ratio (x) 4.5 5.1 6.3 Net Working Capital 219.4 201.1 241.0 Liquidity Analysis:

At the end of 1Q08, total cash and marketable securities increased by NT$35.5 billion, as we generated $42.0 billion free cash flow during the quarter. TSMC ended the quarter with total current assets of NT$281.5 billion.

Total current liabilities increased by NT$13.3 billion in 1Q08, primarily due to increases in payables to equipment suppliers, accrual of employee profit sharing, and reclassification of corporate bonds.

Net working capital was NT$219.4 billion at the end of the quarter, current ratio declined slightly to 4.5.

III - 2. Receivable/Inventory Days (In Number of Days) 1Q08 4Q07 1Q07 Days of Receivable 43 42 47 Days of Inventory 46 48 52 Receivable and Inventory Days:

Sequentially, days of receivable increased by one day to 43 days in 1Q08 while days of inventory declined by two days to 46 days.

III - 3. Debt Service (In NT billions) 1Q08 4Q07 1Q07 Cash & Marketable Securities 210.3 174.8 217.4 Interest-Bearing Debt 22.9 23.1 26.2 Net Cash Reserves 187.4 151.7 191.2 Debt Service:

Net cash reserves -- defined as the excess of cash and short-term marketable securities over interest-bearing debt -- increased by NT$35.7 billion to NT$187.4 billion at the end of 1Q08. Interest-bearing debt declined slightly due to the appreciation of NT dollar.

IV. Cash Flow IV - 1. Cash Flow Analysis (In NT billions) 1Q08 4Q07 1Q07 Net Income 28.1 34.5 18.8 Depreciation & Amortization 19.8 20.3 20.3 Other Operating Sources/(Uses) 9.4 5.0 (1.0) Total Operating Sources/(Uses) 57.3 59.8 38.1 Capital Expenditure (15.3) (19.8) (14.0) Marketable Financial Instruments 12.9 8.2 3.5 Other Investing Sources/(Uses) (0.7) (1.1) (2.9) Net Investing Sources/(Uses) (3.1) (12.7) (13.4) Repayment of Bonds Payable 0.0 (4.5) (2.5) Repurchase of Treasury Stock (3.1) (45.4) 0.0 Other Financing Sources/(Uses) (0.2) (0.2) (0.3) Net Financing Sources/(Uses) (3.3) (50.1) (2.8) Net Cash Position Changes 50.9 (3.0) 21.9 Exchange Rate Changes & Others (1.6) (0.3) 0.6 Ending Cash Balance 144.3 95.0 140.3 Summary of Cash Flow:

Cash generated from operating activities totaled NT$57.3 billion during the quarter, down from NT$59.8 billion in 4Q07.

Net cash used in investing activities was NT$3.1 billion in 1Q08, reflecting capital expenditure of NT$15.3 billion and a net decrease of NT$12.9 billion in marketable financial instruments.

Net cash used in financing activities was NT$3.3 billion during the quarter, as we spent NT$3.1 billion in share buybacks.

As a result, TSMC ended the quarter with a cash balance of NT$144.3 billion.

IV - 2. Operating and Free Cash Flows Please refer to this link for the Operating and Free Cash Flows chart: http://www.tsmc.com/uploadfile/ir/quarterly/index_charts.pdf Operating and Free Cash Flows:

Cash flows generated from operating activities were NT$57.3 billion during the quarter. Free cash flow, defined as the excess of operating cash flows over capital expenditures, totaled NT$42.0 billion in 1Q08, compared to NT$40.0 billion in 4Q07.

V. CapEx & Capacity V - 1. Capital Expenditures (In US millions) 1Q08 4Q07 TSMC 452 577 XinTec and GUC 13 16 TSMC Shanghai & WaferTech 18 17 Other TSMC Subsidiaries 1 1 Total TSMC 484 611 Capital Expenditures:

Capital expenditures for TSMC on a consolidated basis totaled US$484 million during the quarter.

For year 2008, total capital expenditures for TSMC is expected to be around US$1.8 billion, compared with US$2.6 billion spent in 2007.

V - 2. Capacity: Fab/(Wafer size) 1Q08 2Q08 3Q08 4Q08 2008 (A) (F) (F) (F) (F) Fab-2 (6") Note 1 248 267 269 272 1,056 Fab-3 (8") 277 283 274 274 1,109 Fab-5 (8") 163 165 167 167 662 Fab-6 (8") 265 272 280 277 1,094 Fab-8 (8") 262 275 278 278 1,094 Fab-12 (12") Note 2 197 206 210 214 828 Fab-14 (12") Note 2 167 185 225 229 806 WaferTech (8") 105 105 106 106 420 TSMC (Shanghai) (8") 88 110 128 128 453 TSMC total capacity (8" equiv. Kpcs) 2,117 2,241 2,363 2,380 9,101 SSMC (8") 63 67 69 73 272 Total managed capacity (8" equiv. Kpcs) 2,180 2,308 2,433 2,454 9,374 Note: 1. Figues represent number of 6" wafers. Conversion to 8"-equivalent wafers is obtained by dividing this number by 1.78 2. Figues represent number of 12" wafers. Conversion to 8"-equivalent wafers is obtained by multiplying this number by 2.25 Capacity:

Total TSMC managed capacity was 2,180K 8-inch equivalent wafers in the first quarter, 4% lower than 4Q07, mostly due to scheduled fab maintenance and less working days.

TSMC managed capacity in 2Q08 will increase by 6% to reach 2,308K 8-inch equivalent wafers.

Total managed capacity for 2008 is expected to reach 9,374K 8-inch equivalent wafers, representing an increase of 13% from 8,290K 8-inch equivalent wafers in 2007, while capacity for 12-inch wafer fabs will increase by 25%.

VI. Recap of Recent Important Events & Announcements -- TSMC First to Deliver 40nm Process Technology, including Embedded DRAM, Mixed Signal & RF and Regular MPW Prototyping Service (2008/03/24) -- TSMC Announces Reorganization of Advanced and Mainstream Business Units to Improve Structural Profitability and Strengthen Customer Partnership (2008/02/29) -- TSMC Board Proposes Dividend of NT$3.0 Cash and 0.5% Stock Per Share (2008/02/19) -- TSMC Board Approves The Cancellation of 800 million Treasury Shares Purchased from The Open Market and Reduction of Capital Stock by NT$8,000 million. (2008/02/19) -- Sun Selects TSMC to Fab 45-nanometer and Future Generation Processors (2008/02/19) * Please visit TSMC's Web site (http://www.tsmc.com/ ) for details about these and other announcements. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES

Consolidated Condensed Balance Sheets (Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD))(1)

March 31, 2008 December 31, 2007 (unaudited) (audited) USD NTD % NTD % ASSETS Current Assets Cash and Cash Equivalents $4,745 $144,277 24.2 $94,986 16.6 Investments in Marketable Financial Instruments 2,172 66,034 11.1 79,848 14.0 Accounts Receivable - Trade 1,248 37,950 6.3 42,424 7.4 Inventories, Net 720 21,890 3.7 23,862 4.2 Other Current Assets 372 11,304 1.9 8,702 1.5 Total Current Assets 9,257 281,455 47.2 249,822 43.7 Long-Term Investments 1,108 33,693 5.6 36,461 6.4 Property, Plant and Equipment 26,886 817,464 136.9 800,352 140.2 Less: Accumulated Depreciation(18,282) (555,854) (93.1)(540,100) (94.6) Property, Plant and Equipment, Net 8,604 261,610 43.8 260,252 45.6 Other Assets 667 20,285 3.4 24,330 4.3 Total Assets $19,636 $597,043 100.0 $570,865 100.0 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Short-Term Bank Loans $-- $-- -- $-- -- Accounts Payables 340 10,338 1.7 13,078 2.3 Payables to Contractors and Equipment Suppliers 403 12,256 2.1 6,257 1.1 Accrued Expenses and Other Current Liabilities 1,025 31,162 5.2 29,090 5.1 Current Portion of Bonds Payable and Long-Term liabilities 272 8,280 1.4 281 -- Total Current Liabilities 2,040 62,036 10.4 48,706 8.5 Bonds Payable 148 4,500 0.8 12,500 2.2 Other Long-Term Liabilities 577 17,537 2.9 18,973 3.3 Total Liabilities 2,765 84,073 14.1 80,179 14.0 Shareholders' Equity Attributable to Shareholders of the Parent Capital Stock 8,429 256,292 42.9 264,271 46.3 Capital Surplus 1,700 51,696 8.7 53,733 9.4 Retained Earnings 6,862 208,633 34.9 218,864 38.3 Treasury Stock (30) (918) (0.2) (49,385) (8.7) Others (211) (6,410) (1.0) (391) 0.0 Total Equity Attributable to Shareholders of the Parent 16,750 509,293 85.3 487,092 85.3 Minority Interest 121 3,677 0.6 3,594 0.7 Total Shareholders' Equity 16,871 512,970 85.9 490,686 86.0 Total Liabilities & Shareholders' Equity $19,636 $597,043 100.0 $570,865 100.0 Note: (1) Amounts in New Taiwan dollars have been translated into U.S. dollars at the rate of NT$30.405 as of March 31, 2008. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES Consolidated Condensed Balance Sheets (Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD)) (1) March 31, 2007 QoQ YoY (unaudited) ASSETS NTD % Amount % Amount % Current Assets Cash and Cash Equivalents $140,274 23.0 $49,291 51.9 $4,003 2.9 Investments in Marketable Financial Instruments 77,096 12.7 (13,814) (17.3) (11,062) (14.3) Accounts Receivable -- Trade 3,094 5.4 (4,474) (10.5) 4,856 14.7 Inventories, Net 22,259 3.7 (1,972) (8.3) (369) (1.7) Other Current Assets 13,356 2.2 2,602 29.9 (2,052) (15.4) Total Current Assets 286,079 47.0 31,633 12.7 (4,624) (1.6) Long-Term Investments 52,185 8.6 (2,768) (7.6) (18,492) (35.4) Property, Plant and Equipment 734,182 120.6 17,112 2.1 83,282 11.3 Less: Accumulated Depreciation (483,834)(79.5)(15,754) 2.9 (72,020) 14.9 Property, Plant and Equipment, Net 250,348 41.1 1,358 0.5 11,262 4.5 Other Assets 20,159 3.3 (4,045) (16.6) 126 0.6 Total Assets $608,771 100.0 $26,178 4.6 ($11,728) (1.9) LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Short-Term Bank Loans $7 -- $-- -- ($79)(100.0) Accounts Payables 10,129 1.7 (2,740) (21.0) 209 2.1 Payables to Contractors and Equipment Suppliers 9,094 1.5 5,999 95.9 3,162 34.8 Accrued Expenses and Other Current Liabilities 21,101 3.4 2,072 7.1 10,061 47.7 Current Portion of Bonds Payable and Long-Term liabilities 4,714 0.8 7,999 2,848.4 3,566 75.6 Total Current Liabilities 45,117 7.4 13,330 27.4 16,919 37.5 Bonds Payable 12,500 2.1 (8,000) (64.0) (8,000) (64.0) Other Long-Term Liabilities 19,415 3.2 (1,436) (7.6) (1,878) (9.7) Total Liabilities 77,032 12.7 3,894 4.9 7,041 9.1 Shareholders' Equity Attributable to Shareholders of the Parent Capital Stock 258,330 42.4 (7,979) (3.0) (2,038) (0.8) Capital Surplus 54,231 8.9 (2,037) (3.8) (2,535) (4.7) Retained Earnings 215,963 35.5 (10,231) (4.7) (7,330) (3.4) Treasury Stock (918) (0.2) 48,467 (98.1) -- -- Others 1,020 0.2 (6,019) 1,535.8 (7,430)(728.7) Total Equity Attributable to Shareholders of the Parent 528,626 86.8 22,201 4.6 (19,333) (3.7) Minority Interest 3,113 0.5 83 2.3 564 18.1 Total Shareholders' Equity 531,739 87.3 22,284 4.5 (18,769) (3.5) Total Liabilities & Shareholders' Equity $608,771 100.0 $26,178 4.6 ($11,728) (1.9) Note: (1) Amounts in New Taiwan dollars have been translated into U.S. dollars at the rate of NT$30.405 as of March 31, 2008. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES Unaudited Consolidated Condensed Income Statements For the Three Months Ended March 31, 2008, December 31, 2007, and March 31, 2007 (Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1) Except for Per Share Amounts and Shares Outstanding) Q1 2008 Q4 2007 USD NTD % NTD % Net Sales $2,767 $87,480 100.0 $93,860 100.0 Cost of Sales (1,557) (49,241) (56.3) (49,024) (52.2) Gross Profit 1,210 38,239 43.7 44,836 47.8 Operating Expenses Research and Development Expenses (167) (5,270) (6.0) (5,012) (5.3) General and Administrative Expenses (84) (2,662) (3.0) (2,039) (2.2) Sales and Marketing Expenses (37) (1,184) (1.4) (1,027) (1.1) Total Operating Expenses (288) (9,116) (10.4) (8,078) (8.6) Income from Operations 922 29,123 33.3 36,758 39.2 Non-Operating Income, Net 59 1,872 2.1 1,697 1.8 Investment Gains 18 577 0.7 877 0.9 Income before Income Tax 999 31,572 36.1 39,332 41.9 Income Tax (Expenses) Benefits (106) (3,336) (3.8) (4,608) (4.9) Net Income 893 28,236 32.3 34,724 37.0 Minority Interest (3) (93) (0.1) (239) (0.3) Net Income Attributable to Shareholders of the Parent 890 28,143 32.2 34,485 36.7 Earnings per Share -- Diluted $0.03 $1.10 -- $1.31 -- Earnings per ADR -- Diluted (2) $0.17 $5.49 -- $6.57 -- Weighted Average Outstanding Shares - Diluted ('M) (3) 25,610 -- 26,243 -- Note: (1) Amounts in New Taiwan dollars have been translated into U.S. dollars at the weighted average rate of NT$31.614 for the first quarter of 2008. (2) 1 ADR equals 5 ordinary shares. (3) Total diluted weighted average outstanding shares were 26,406M shares for 1Q07 after the retroactive adjustments for stock dividends and stock bonus. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES Unaudited Consolidated Condensed Income Statements For the Three Months Ended March 31, 2008, December 31, 2007, and March 31, 2007 (Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1) Except for Per Share Amounts and Shares Outstanding) Q1 2007 QoQ YoY NTD % Amount % Amount % Net Sales $64,897 100.0 ($6,380) (6.8) $22,583 34.8 Cost of Sales (40,287) (62.1) (217) 0.4 (8,954) 22.2 Gross Profit 24,610 37.9 (6,597) (14.7) 13,629 55.4 Operating Expenses Research and Development Expenses (3,942) (6.1) (258) 5.1 (1,328) 33.7 General and Administrative Expenses(1,902) (2.9) (623) 30.6 (760) 40.0 Sales and Marketing Expenses (889) (1.4) (157) 15.2 (295) 33.1 Total Operating Expenses (6,733) (10.4) (1,038) 12.9 (2,383) 35.4 Income from Operations 17,877 27.5 (7,635) (20.8) 11,246 62.9 Non-Operating Income, Net 1,830 2.8 175 10.3 42 2.3 Investment Gains 361 0.6 (300) (34.1) 216 60.1 Income before Income Tax 20,068 30.9 (7,760) (19.7) 11,504 57.3 Income Tax (Expenses) Benefits (1,107) (1.7) 1,272 (27.6) (2,229)201.3 Net Income 18,961 29.2 (6,488) (18.7) 9,275 48.9 Minority Interest (122) (0.2) 146 (61.2) 29 (24.1) Net Income Attributable to Shareholders of the Parent 18,839 29.0 (6,342) (18.4) 9,304 49.4 Earnings per Share -- Diluted $0.71 -- ($0.22) (16.4) $0.39 54.0 Earnings per ADR -- Diluted (2) $3.57 -- ($1.08) (16.4) $1.93 54.0 Weighted Average Outstanding Shares -- Diluted ('M) (3) 26,406 -- -- -- -- -- Note: (1) Amounts in New Taiwan dollars have been translated into U.S. dollars at the weighted average rate of NT$31.614 for the first quarter of 2008. (2) 1 ADR equals 5 ordinary shares. (3) Total diluted weighted average outstanding shares were 26,406M shares for 1Q07 after the retroactive adjustments for stock dividends and stock bonus. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES Consolidated Condensed Statements of Cash Flows For the The Three Months Ended March 31, 2008, December 31, 2007, and March 31, 2007 (Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD))(1) 1Q 2008 4Q 2007 1Q 2007 (Unaudited) (Unaudited) (Unaudited) USD NTD NTD NTD Cash Flows from Operating Activities: Net Income $890 $28,143 $34,485 $18,839 Net Income Attributable to Minority Interest 3 93 239 122 Depreciation & Amortization 627 19,831 20,281 20,251 Deferred Income Tax 14 435 877 (972) Equity in Earnings of Equity Method Investees, Net (18) (577) (877) (361) Changes in Working Capital & Others 296 9,370 4,754 265 Net Cash Provided by Operating Activities 1,812 57,295 59,759 38,144 Cash Flows from Investing Activities: Acquisitions of: Marketable Financial Instruments (440) (13,902) (32,478) (15,796) Investments Accounted for Using Equity Method -- -- 6 -- Property, Plant and Equipment (484) (15,313) (19,781) (13,959) Financial Assets Carried at Cost (7) (213) (103) (212) Proceeds from Disposal or maturity of: Marketable Financial Instruments 848 26,816 40,680 19,259 Property, Plant and Equipment -- 1 34 1 Financial Assets Carried at Cost 3 93 141 14 Others (19) (607) (1,160) (2,717) Net Cash Used In Investing Activities (99) (3,125) (12,661) (13,410) Cash Flows from Financing Activities: Increase (Decrease) in Guarantee Deposits (12) (371) (321) (388) Proceeds from Exercise of Stock Options 3 81 35 122 Repayment of Long-Term Bonds Payable -- -- (4,500) (2,500) Repurchase of Treasury Stock (97) (3,054) (45,413) -- Others 2 58 90 (28) Net Cash Used in Financing Activities (104) (3,286) (50,109) (2,794) Net Increase (Decrease) in Cash and Cash Equivalents 1,609 50,884 (3,011) 21,940 Effect of Exchange Rate Changes and Others (50) (1,593) (331) 497 Cash and Cash Equivalents at Beginning of Period 3,005 94,986 98,328 117,837 Cash and Cash Equivalents at End of Period $4,564 $144,277 $94,986 $140,274 Note: (1) Amounts in New Taiwan dollars have been translated into U.S. dollars at the weighted average rate of NTD31.614 for the three months ended March 31, 2008. Safe Harbor Notice:

The statements included in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. TSMC cautions readers that forward-looking statements are subject to significant risks and uncertainties and are based on TSMC's current expectations. Actual results may differ materially from those contained in such forward-looking statements for a variety of reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor industry; demand and supply for TSMC's foundry manufacturing capacity in particular and for foundry manufacturing capacity in general; intense competition; the failure of one or more significant customers to continue to place the same level of orders with us; TSMC's ability to remain a technological leader in the semiconductor industry; TSMC's ability to manage its capacity; TSMC's ability to obtain, preserve and defend its intellectual property rights; natural disasters and other unexpected events which may disrupt production; and exchange rate fluctuations. Additional information as to these and other risk factors that may cause TSMC's actual results to differ materially from TSMC's forward-looking statements may be found in TSMC's Annual Report on Form 20-F, filed with the United States Securities and Exchange Commission (the ''SEC'') on April 15, 2008, and such other documents as TSMC may file with, or submit to, the SEC from time to time. Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT Elizabeth Sun / Harrison Hsueh Investor Relations Division TSMC Tel: +886-3-568-2085/2088 Email: invest@tsmc.com

TSMC

CONTACT: Elizabeth Sun or Harrison Hsueh of TSMC Investor Relations
Division, +886-3-568-2085/2088, invest@tsmc.com

Web site: http://www.tscm.com.tw/

Nokia and ARC Transistance to Deliver Real Time Traffic Reports to Mobiles

ESPOO, Finland, April 29 /PRNewswire-FirstCall/ -- Nokia and ARC Transistance, the European network of automobile clubs, announced today that they are working together to provide Real Time Traffic Information to users of Nokia mobile devices. Nokia will offer the service as a premium offering in Nokia Maps 2.0 and in future versions of Nokia Maps.

By adding RTTI, Nokia can save precious time for drivers by alerting them of traffic, construction or other road hazards that could affect their journey. When Nokia Maps receives the road updates from ARC Transistance, the application can dynamicly re-route during navigation and provide a faster route. This is a significant milestone for Nokia Maps, which makes navigation an even more compelling experience for Nokia device owners.

ARC Transistance Traffic Information services aggregate the real time road and traffic conditions of 16 countries in Europe, and growing. The leading navigation industry players also use the ARC Transistance Traffic Information services to enhance the routing guidance and navigation experience of their customers.

Nokia Maps turns mobile devices into local mapping and routing engines with a navigation option, providing worldwide mapping free of charge. In so doing, the unique hybrid solution combines the advantages of on-board and off-board navigation. Maps and location-aware content only need to be loaded once - they are then always available on the device.

Upgrading to the GPS navigation option enables your mobile to become a powerful connected personal navigation device, that provides clear, turn-by-turn visual and voice guidance. If your Nokia device does not have built-in GPS, you can also use an external GPS module with a compatible device. With vector maps provided by TeleAtlas and Navteq, Nokia Maps now has maps covering over 150 countries, with over 70 of them navigable.

The new version of Nokia Maps 2.0 for selected devices is available on the Nokia Beta Labs website: http://www.nokia.com/betalabs. Beta Labs shares some of the exciting new ideas that Nokia is working on and let users help shape their future development. A strong online community has developed around Beta Labs, attracting especially technology savvy, early adopter mobile enthusiasts. The current version of Nokia Maps and the Nokia Map Loader are freely available for download* for selected devices at http://www.nokia.com/maps.

About Nokia

Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.

About ARC Transistance

ARC Transistance was founded in 1991 and is the leading network of motoring clubs and organizations in Europe. Members include the ADAC (Germany), ANWB (The Netherlands), The AA (UK), ACI (Italy), OAMTC (Austria), RACE (Spain), Touring Belgium and Touring Club Switzerland. ARC Transistance offers assistance and mobility related content and services over 43 European countries and territories, and worldwide. For more than a hundred years, the ARC Transistance motoring organizations have been helping their members and customers with emergency and roadside assistance as well as touring and travel services. Today they represent more than 48 million members and customers, road users across Europe.

Nokia Corporation

CONTACT: Media Inquiries: Nokia Communications, Tel. +358-7180-34900,
E-Mail: press.office@nokia.com. ARC Transistance, Tel: +32-2-706-66-45,
E-Mail: info@arctransistance.com

Chi Mei Optoelectronics Announces Unaudited First Quarter 2008

TFT-LCD Net Sales of NT$ 92 Billion and Operating Margin of 19.3%

TAINAN, Taiwan, April 29 /Xinhua-PRNewswire-FirstCall/ -- Chi Mei Optoelectronics (CMO) (TAIEX: 3009) today announced its first quarter 2008 results (1). Combined TFT-LCD net sales for the first quarter 2008 amounted to NT$ 92,085 million, a 12.2% decrease over the previous quarter's NT$ 104,894 million. Gross profit was NT$ 23,019 million, for a gross margin of 25.0%. Operating income totaled NT$ 17,751 million with an operating margin of 19.3%. Net income amounted to NT$ 15,294 million, where NT$ 15,204 was attributable to the shareholders of the parent company. EPS equaled NT$ 2.22.

The company shipped 15.7 million large-sized (2) panels in the first quarter 2008, which represents a 0.8% increase over the 15.5 million panels shipped in the fourth quarter 2007. Blended ASP for large-sized panel on a per unit basis decreased by 10.6% to USD $177 over the previous quarter.

CMO with TFT Subsidiaries (1) 1Q08 Income Statement - QoQ Comparison NT$ million % % QoQ % Except Per Share Data 1Q08 Revenue 4Q07 Revenue Change Net Sales(1) 92,085 100.0% 104,894 100.0% -12.2% Cost of Goods Sold -69,066 -75.0% -76,553 -73.0% -9.8% Gross Profit 23,019 25.0% 28,341 27.0% -18.8% Operating Expenses -5,268 -5.7% -5,338 -5.1% -1.3% Operating Income 17,751 19.3% 23,003 21.9% -22.8% Net Non-operating Income (Exp) -1,593 -1.7% -1,530 -1.5% 4.1% Income before Tax 16,158 17.6% 21,473 20.4% -24.8% EBITDA(2) 32,706 35.5% 36,414 34.8% -10.2% Net Income(3) 15,294 16.6% 20,177 19.3% -24.2% Basic EPS (NT$)(4) 2.22 -- 2.95 -- -- Net Income(3) 15,294 16.6% 20,177 19.3% -24.2% Parent 15,204 16.5% 20,162 19.2% -24.6% Minority interest 90 0.1% 15 0.0% 500.0% Notes 1. Including TFT LCD related subsidiaries: NBCMO, NBCME, NHCMO, NHCME, CMOJ and CHE 2. EBITDA = Operation Income + Depreciation & Amortization 3. Net income before preferred dividend 4. Calculation of basic EPS is after preferred dividend and based on weighted average of outstanding common shares 5. All figures are unaudited, prepared by Chi Mei Optoelectronics CMO with TFT Subsidiaries (1) 1Q08 Selective Balance Sheet and Other Items NT$ million 1Q08 4Q07 1Q07 (2) Cash & Cash Equivalent 26,818 29,515 20,292 Inventory 38,265 31,205 26,595 Total Assets 503,935 496,282 389,515 Short Term Debt (3) 30,338 30,278 26,087 Long Term Debt 130,581 140,309 119,749 Shareholders' Equity (4) 236,385 220,648 184,402 Net Debt to Shareholders' Equity 56.7% 63.9% 68.1% Depreciation & Amortization 14,955 13,411 9,567 Capital Expenditure 28,025 26,948 21,591 Notes 1. Including TFT LCD related subsidiaries: NBCMO, NBCME, NHCMO, NHCME, MOJ and CHE 2. 1Q 2007 figures are CMO parent only 3. Short term debt = (short-term bank loan + commercial papers + current portion of long term loans) 4. Capital Stock (common): NT$ 67.87 billion 5. All figures are unaudited, prepared by Chi Mei Optoelectronics Announcement Contact: Denis Chen CMO Acting Spokesperson Tel: +886-06-505-3760 Email: ir@cmo.com.tw Loreta Chen CMO Public Relations Tel: +886-06-505-1888 #11202 Email: loreta_chen@cmo.com.tw

Chi Mei Optoelectronics

CONTACT: Denis Chen, +886-06-5053760, ir@cmo.com.tw, or Loreta Chen,
+886-06-5051888 #11202, or loreta_chen@cmo.com.tw, both of Chi Mei
Optoelectronics

Web site: http://www.cmo.com.tw/

ARM Holdings plc Reports Results for the First Quarter Ended 31 March 2008A Conference Call Discussing These Results Will be Audiocast Today at 08:30 BST at http://www.arm.com/ir

CAMBRIDGE, England, April 29 /PRNewswire-FirstCall/ -- ARM Holdings plc [; ] announces its unaudited financial results for the first quarter ended 31 March 2008

Highlights(US GAAP unless otherwise stated) - Q1 dollar revenues at $134.3m, up 4% year-on-year - Processor Division (PD) total revenue at $91.1m, up 11% year-on-year - PD royalty revenue at $54.8m, up 22% year-on-year - 889 million units shipped - Physical IP Division (PIPD) total revenue at $20.9m, up 7% sequentially - PIPD underlying royalty revenue up 20% year-on-year - Group backlog flat quarter-on-quarter, remaining at record high - Normalised PBT and EPS at GBP21.3m (US GAAP GBP12.2m) and 1.17p (US GAAP 0.69p) respectively - Net cash of GBP55m at end Q1 - GBP13m spent on share buybacks in Q1 - Normalised cash generation of GBP14m in Q1 - FY 2008 guidance unchanged Commenting on the results, Warren East, Chief Executive Officer, said:

"ARM has made an encouraging start to 2008. Our Q1 results demonstrate robust operational execution, with sequential revenue growth in PIPD and continued strong demand for our Cortex(R) family of microprocessors with a further seven licenses being signed in the quarter. Growth in underlying royalty revenues in both PD and PIPD of more than 20% year-on-year provides further evidence of the increasing use of ARM's technology in the rapidly broadening range of consumer electronics products."

Q1 2008 - Revenue Analysis Revenue ($M)*** Revenue (GBPM) Q1 2008 Q1 2007 % Change Q1 2008 Q1 2007 % Change PD Licensing 36.3 37.4 -3% 18.3 19.4 -6% Royalties 54.8 45.0 22% 27.8 23.0 21% Total PD 91.1 82.4 11% 46.1 42.4 9% PIPD Licensing 11.8 16.9 -30% 5.9 8.7 -32% Royalties 9.1(1) 8.4(1) 9% 4.7(1) 4.3(1) 9% Total PIPD 20.9 25.3 -17% 10.6 13.0 -18% Development Systems 14.2 13.5 5% 7.1 6.9 3% Services 8.1 8.0 2% 4.1 4.2 -3% Total Revenue 134.3 129.2 4% 67.9 66.5 2% (1) Includes catch-up royalties in Q1 2008 of $0.8m (GBP0.4m) and in Q1 2007 of $1.5m (GBP0.8m). Q1 2008 - Financial Summary Normalised* US GAAP GBPM Q1 2008 Q1 2007 % Change Q1 2008 Q1 2007 Revenue 67.9(1) 66.5 2% 67.9 66.5 Income before income tax 21.3 21.6 -1% 12.2 12.7 Operating margin 30.6% 30.3% 17.2% 16.9% Earnings per share (pence) 1.17 1.14 3% 0.69 0.70 Net cash generation** 13.7 15.6 Effective fx rate ($/GBP) 1.98 1.94 (1) Equivalent to GBP69.1m at Q1 2007 effective $/GBP rate Current trading and prospects

ARM has made an encouraging start to 2008 with sequential revenue growth in PIPD and positive momentum in both PD and PIPD royalty revenues.

We remain cautious in the short term given the uncertainty in both the semiconductor industry and the wider macroeconomic environment. Against this backdrop and given the potential impact of industry seasonality on royalty revenues, total dollar revenues in Q2 are unlikely to be higher than Q1. However, consistent with our guidance in February, assuming no marked deterioration in the trading environment, we continue to expect to increase dollar revenues in FY 2008 by at least the growth rate achieved in 2007.

* Normalised figures are based on US GAAP, adjusted for acquisition-related, share-based remuneration and restructuring charges. For reconciliation of GAAP measures to normalised non-GAAP measures detailed in this document, see notes 6.1 to 6.21. ** Before dividends and share buybacks, net cash flows from share option exercises and acquisition consideration - see notes 6.12 to 6.15. *** Dollar revenues are based on the group's actual dollar invoicing, where applicable, and using the rate of exchange applicable on the date of the transaction for invoicing in currencies other than dollars. Approximately 95% of invoicing is in dollars. **** Each American Depositary Share (ADS) represents three shares. Financial review (US GAAP unless otherwise stated) Total revenues

Total dollar revenues in Q1 2008 were $134.3 million, up 4% versus Q1 2007. Sterling revenues of GBP67.9 million were up 2% year-on-year after a 2% weakening of the dollar against sterling (ARM's effective rate of $1.98 in Q1 2008 compared to $1.94 in Q1 2007). At the Q1 2007 effective rate, Q1 2008 sterling revenues would have been GBP69.1 million.

License revenues

Total dollar license revenues in Q1 2008 fell by 12% to $48.1 million, representing 36% of group revenues, compared to $54.3 million in Q1 2007. License revenues comprised $36.3 million from PD and $11.8 million from PIPD.

Royalty revenues

Total dollar royalty revenues in Q1 2008 grew by 20% to $63.9 million, representing 47% of group revenues, compared to $53.4 million in Q1 2007. Royalty revenues comprised $54.8 million from PD and $9.1 million from PIPD.

Against the backdrop of growth in more sophisticated mobile phones, underlying PD royalties grew 12% sequentially and 22% compared to Q1 2007.

Total PIPD royalties grew 9% to $9.1 million including $0.8 million of catch-up royalties. Underlying royalties were up by 20% year-on-year.

Development Systems and Service revenues

Sales of development systems in Q1 2008 were $14.2 million, representing 11% of group revenues, compared to $13.5 million in Q1 2007. Service revenues in Q1 2008 were $8.1 million, representing 6% of group revenues, compared to $8.0 million in Q1 2007.

Gross margins

Gross margins in Q1 2008, excluding the FAS123(R) charge of GBP0.3 million (see below), were 88.8% compared to 89.4% in Q4 2007 and 89.5% in Q1 2007. The lower gross margin in Q1 2008 is due primarily to the higher revenue contribution from technology which includes payments to collaborative partners recorded as a cost of sale.

Operating expenses and operating margin

Total operating expenses in Q1 2008 were GBP48.4 million (Q1 2007: GBP48.0 million) including amortisation of intangible assets and other acquisition-related charges of GBP4.5 million (Q1 2007: GBP5.1 million), GBP3.6 million (Q1 2007: GBP3.6 million) in relation to the fair value of share-based remuneration and related payroll taxes and restructuring charges of GBP0.7 million (Q1 2007: nil). Total share-based remuneration and related payroll tax charges of GBP3.9 million in Q1 2008 were included within cost of revenues (GBP0.3 million), research and development (GBP2.6 million), sales and marketing (GBP0.5 million) and general and administrative (GBP0.5 million). Normalised income statements for Q1 2008 and Q1 2007 are included in notes 6.20 and 6.21 below which reconcile US GAAP to the normalised non-GAAP measures referred to in this earnings release.

Operating expenses (excluding acquisition-related, share-based remuneration and restructuring charges) in Q1 2008 were GBP39.5 million compared to GBP39.3 million in Q1 2007 and GBP37.2 million in Q4 2007. The sequential increase in operating expenses from Q4 2007 to Q1 2008 is due primarily to salary inflation effective from the beginning of the year, the quarterly phasing profile of certain vacation pay and sabbatical accruals and a negative quarter-on-quarter foreign exchange impact on opex. Cost management remains a key focus with opex in the remaining quarters of 2008 expected to be lower than the Q1 level, subject to the potential negative impact on opex arising from movements in exchange rates.

Normalised research and development expenses were GBP16.3 million in Q1 2008, representing 24% of revenues, compared to GBP15.1 million in Q4 2007 and GBP16.6 million in Q1 2007. Normalised sales and marketing costs in Q1 2008 were GBP11.0 million, being 16% of revenues, compared to GBP11.1 million in Q4 2007 and GBP11.1 million in Q1 2007. Normalised general and administrative expenses in Q1 2008 were GBP12.2 million, representing 18% of revenues, compared to GBP11.1 million in Q4 2007 and GBP11.6 million in Q1 2007.

Normalised operating margin in Q1 2008 was 30.6% (6.1) compared to 31.5% (6.2) in Q4 2007 and 30.3% (6.3) in Q1 2007.Operating margins in Q1 2008 were slightly ahead of Q1 2007 despite the weakening of the US dollar against sterling.

Earnings and taxation

Income before income tax in Q1 2008 was GBP12.2 million compared to GBP12.7 million in Q1 2007. After adjusting for acquisition-related, share-based remuneration and restructuring charges, normalised income before income tax in Q1 2008 was GBP21.3 million (6.5) compared to GBP21.6 million (6.7) in Q1 2007. The group's effective tax rate under US GAAP in Q1 2008 was 27% (Q1 2007: 25%) reflecting the availability of research and development tax credits and a reduction in the benefits arising from the structuring of the Artisan(R) acquisition.

In Q1 2008, fully diluted earnings per share prepared under US GAAP were 0.7 pence (4.1 cents per ADS****) compared to earnings per share of 0.7 pence (4.1 cents per ADS****) in Q1 2007. Normalised fully diluted earnings per share in Q1 2008 were 1.17 pence (6.16) per share (7.0 cents per ADS****) compared to 1.14 pence (6.18) (6.7 cents per ADS****) in Q1 2007.

Balance sheet

Intangible assets at 31 March 2008 were GBP380.4 million, comprising goodwill of GBP345.2 million and other intangible assets of GBP35.2 million, compared to GBP344.7 million and GBP39.4 million respectively at 31 December 2007.

Total accounts receivable were GBP72.0 million at 31 March 2008, comprising GBP53.9 million of trade receivables and GBP18.1 million of amounts recoverable on contracts, compared to GBP68.2 million at 31 December 2007, comprising GBP43.7 million of trade receivables and GBP24.5 million of amounts recoverable on contracts. Days sales outstanding (DSOs) were 52 at 31 March 2008 compared to 49 at 31 December 2007 and 41 at 31 March 2007. Having been temporarily higher at the end of Q1 2008, DSOs are now back to more typical levels following strong cash receipts in April.

Cash flow and share buyback programme

Net cash at 31 March 2008 was GBP55.2 million (6.9) compared to GBP51.3 million (6.10) at 31 December 2007. Normalised free cash flow in Q1 2008 was GBP13.7 million (6.12).

During the quarter, GBP13.0 million of cash was returned to shareholders through the purchase of 15 million shares. It is anticipated that the buyback programme will resume after the announcement of these results.

Operating review Backlog

Group order backlog at the end of Q1 2008 remained at the record high level that was achieved in Q4 2007 and was up more than 20% on the level at the end of Q1 2007.

PD licensing

Fifteen processor licenses were signed in Q1 across the entire range of processor technology. Seven Cortex licenses were signed, including one further license for our newest microprocessor, the Cortex-A9 core. Interest in ARM's 3D Mali(TM) graphics technology continued to develop, with Broadcom taking a license in the quarter, further demonstrating ARM's success in selling specialist processor technologies beyond the traditional ARM(R) microprocessors.

Q1 2008 PD Licensing Analysis - 542 cumulative processor licenses Multi-use Term Per-use Cumulative U D N U D N U D N Total Total ARM7 1 1 154 ARM9 1 1 1 1 4 243 ARM11 1 1 65 Cortex-M3 1 2 1 4 18 Cortex-R4 1 1 11 Cortex-A8 1 1 10 Cortex-A9 1 1 5 Mali 1 1 6 Other 1 1 30 Total 15 542 U:Upgrade D:Derivative N:New PD royalties

PD unit shipments grew strongly in Q4 2007 (our partners report royalties one quarter in arrears) buoyed by growth in smartphones, audio players and other consumer electronics. Reported processor unit shipments were 889 million, up 7% sequentially and up 23% compared to Q1 2007. The ARM11(TM) family achieved 80% sequential growth and now represents approximately 3% of all units shipped. Shipments of new Cortex-based devices gathered pace with more than a quarter of a million units being shipped in a quarter for the first time. The ARM7(TM) and ARM9(TM) families now represent 57% and 40% of total shipments respectively. Not only does this demonstrate the longevity of ARM technology but it also underscores the material additional value to be derived from the significant license sales of ARM11 and later technology that have already been made.

The proportion of total units shipped in mobile devices grew to 70%, up from 67% in the previous quarter. The cause of this shift was a significant increase in the proportion of smartphones shipped during the Christmas season which contain more ARM technology per phone than less feature-rich devices. For the quarter, an ARM technology-based mobile phone contained an average of 1.7 ARM microprocessors. As smartphones typically use more sophisticated semiconductor devices with higher average selling prices per chip and as ARM's royalties are typically based on a percentage of the selling price of the semiconductor chip, the overall average royalty per ARM microprocessor increased from 5.9c in Q4 2007 to 6.2c in Q1 2008.

In Q1 2008, shipments in ARM-based chips in embedded devices continued to grow compared to the previous quarter. Microcontrollers continued to grow, up 55% compared with Q1 2007, and ARM powered smartcards, used in secure identity cards, credit cards and SIM cards grew 25% sequentially to 30m units. The contribution from units shipped in home and enterprise was flat with growth in units shipped in digital TV being offset by falls in digital still cameras.

PIPD licensing

PIPD license revenue increased sequentially to $11.8 million in Q1 from $10.8 million in Q4 2007. Thirteen physical IP licenses were signed in the quarter for products across the technology portfolio, including two further licenses with top ten semiconductor companies. The attractiveness of ARM's combined processor and physical IP offer was illustrated again in Q1 with additional business being signed which included technology from both divisions.

In February, we described how the PIPD business is transitioning from the technology catch-up phase which has been a key strategic focus since the acquisition of Artisan, to a more business-as-usual state for the development of leading-edge technology. In order to facilitate this transition, a reorganization of the business was undertaken in Q1 which included the creation of dedicated design centres to align better the skill sets of each centre with the challenges of customer centric development of leading-edge technology. This alignment included the elimination of 30 positions from our US operation in the quarter resulting in a restructuring charge of GBP0.7 million.

Also in Q1, we have strengthened PIPD's ability to capitalise on the longer-term growth opportunity by investing both in key engineering and commercial management and in the infrastructure to improve internal processes to drive increased productivity and improved product delivery to customers. We have increased the breadth of our product offering through the addition of products available via our web channel and achieved significant milestones in the delivery of advanced technology to tier-1 customers.

Q1 2008 PIPD Licensing Analysis - 363 cumulative physical IP licenses Process Node (nm) Total Platform Licenses Metro 180/130 2 Advantage 65 1 Standard Cell Libraries Advantage 65/90 3 Metro 180 1 Memory Compilers Advantage 90 1 Velocity PHYs 90/65 5 Quarter Total 13 Cumulative Total 363 PIPD royalties

PIPD royalties in Q1 2008 were $9.1 million, up 4% from $8.7 million in Q4 2007 and up 9% from $8.4 million in Q1 2007. Underlying royalties for PIPD were $8.3 million up 20% year-on-year. Sequentially, underlying royalties were broadly flat, representing market share gains given the 2.3% decline (source - Gartner Dataquest, January 2008) in foundry utilization rates during the corresponding period.

People

At 31 March 2008, ARM had 1,707 full-time employees, a net reduction of 21 since the year end, following the restructuring activities in PIPD in the first quarter. At the end of Q1, the group had 659 employees based in the UK, 494 in the US, 188 in Continental Europe, 293 in India and 73 in the Asia Pacific region.

Change to ARM's NASDAQ ticker

On 14 April 2008, ARM American Depositary Receipts (ADR) started trading on NASDAQ under the new ticker symbol "ARMH". This change makes ARM ADRs compatible with the new NASDAQ platform and better aligns ARM with other leading NASDAQ semiconductor companies such as BRCM, INTC, MRVL and QCOM. The 3:1 ratio between ARM ordinary shares and an American Depositary Share (ADS) remains unchanged.

Legal matters

ARM is currently involved in ongoing litigation proceedings with Technology Properties Limited, Inc. Details are set out in the 2007 Annual Report on Form 20-F filed with the Securities and Exchange Commission on 7 April 2008. Based on independent legal advice, ARM does not expect any significant liability to arise in respect of these proceedings.

ARM had been involved in ongoing litigation proceedings with Nazomi Communications, Inc. The litigation has now been concluded with a ruling granted in ARM's favour.

ARM Holdings plc First Quarter Results - US GAAP Quarter Quarter ended ended 31 March 31 March 2008 2007 Unaudited Unaudited GBP'000 GBP'000 Revenues Product revenues 63,817 62,300 Service revenues 4,071 4,192 Total revenues 67,888 66,492 Cost of revenues Product costs (5,800) (5,638) Service costs (2,040) (1,590) Total cost of revenues (7,840) (7,228) Gross profit 60,048 59,264 Research and development (18,966) (18,997) Sales and marketing (11,554) (11,906) General and administrative (12,702) (12,462) Restructuring costs (718) - Amortization of intangibles purchased through (4,430) (4,655) business combination Total operating expenses (48,370) (48,020) Income from operations 11,678 11,244 Interest, net 571 1,457 Income before income tax 12,249 12,701 Provision for income taxes (3,307) (3,124) Net income 8,942 9,577 Earnings per share (assuming dilution) Shares outstanding ('000) 1,301,123 1,377,589 Earnings per share - pence 0.7 0.7 Earnings per ADS (assuming dilution) ADSs outstanding ('000) 433,708 459,196 Earnings per ADS - cents 4.1 4.1 ARM Holdings plc Consolidated balance sheet - US GAAP 31 March 31 December 2008 2007 Unaudited Audited GBP'000 GBP'000 Assets Current assets: Cash and cash equivalents 55,191 49,509 Short-term investments 36 232 Marketable securities - 1,582 Accounts receivable, net of allowance of GBP1,528,000 in 2008 and GBP1,504,000 in 2007 72,018 68,232 Inventory: finished goods 2,112 2,339 Income taxes receivable 7,492 6,552 Prepaid expenses and other assets 15,578 13,089 Investments - 1,180 Total current assets 152,427 142,715 Deferred income taxes 11,139 11,309 Prepaid expenses and other assets 2,492 2,860 Property and equipment, net 11,224 12,042 Goodwill 345,192 344,663 Other intangible assets 35,188 39,375 Investments 3,701 3,701 Total assets 561,363 556,665 Liabilities and shareholders' equity Accounts payable 2,468 2,230 Income taxes payable 8,306 3,704 Personnel taxes 1,777 1,751 Accrued liabilities 20,837 25,670 Deferred revenue 28,282 27,543 Total current liabilities 61,670 60,898 Deferred income taxes 1,346 2,027 Total liabilities 63,016 62,925 Shareholders' equity Ordinary shares 672 672 Additional paid-in capital 371,876 367,680 Treasury stock, at cost (91,463) (90,000) Retained earnings 234,494 234,455 Accumulated other comprehensive income: Unrealized holding loss on available-for-sale securities, net of tax of GBPnil (2007: GBP85,000) (68) (214) Cumulative translation adjustment (17,164) (18,853) Total shareholders' equity 498,347 493,740 Total liabilities and shareholders' equity 561,363 556,665 Notes to the Financial Information (1) Basis of preparation US GAAP

The financial information prepared in accordance with the Company's US GAAP accounting policies comprises the consolidated balance sheets as of 31 March 2008 and 31 December 2007 and related income statements for the periods then ended, together with related notes. In preparing this financial information management has used the principal accounting policies as set out in the Company's annual financial statements and Form 20-F for the year ended 31 December 2007.

(2) Share-based remuneration charges and acquisition-related expenses

Included within the US GAAP income statement for the quarter ended 31 March 2008 are share-based remuneration charges of GBP3.6 million: GBP0.2 million in cost of revenues, GBP2.4 million in research and development costs, GBP0.5 million in sales and marketing costs and GBP0.5 million in general and administrative costs.

(3) Accounts receivable

Included within accounts receivable at 31 March 2008 are GBP18.1 million (31 December 2007: GBP24.5 million) of amounts recoverable on contracts.

(4) Consolidated statement of changes in shareholders' equity (US GAAP) Additional paid-in Share capital Treasury Retained capital GBP'000 stock earnings GBP'000 GBP'000 GBP'000 At 1 January 2008 672 367,680 (90,000) 234,455 Net income - - - 8,942 Tax effect of - (524) - - option exercises Amortization of deferred compensation - 3,469 - - Conversion of liability award to equity award - 1,251 - - Issuance of shares from treasury - - 11,556 (8,903) Purchase of own shares - - (13,019) - Other comprehensive income: Realized gain on available-for-sale security (net of - - - - tax of GBP85,000) Unrealized holding losses on available-for-sale - - - - securities Currency - - - - translation adjustment At 31 March 2008 672 371,876 (91,463) 234,494 (4) Consolidated statement of changes in shareholders' equity (US GAAP) Continued. Unrealized Cumulative holding translation gain/(loss) adjustment GBP'000 GBP'000 Total GBP'000 At 1 January 2008 (214) (18,853) 493,740 Net income - - 8,942 Tax effect of - - (524) option exercises Amortization of deferred compensation - - 3,469 Conversion of liability award to equity award - - 1,251 Issuance of shares - - 2,653 from treasury Purchase of own - - (13,019) shares Other comprehensive income: Realized gain on available-for-sale security (net of 214 - 214 tax of GBP85,000) Unrealized holding losses on available-for-sale (68) - (68) securities Currency - 1,689 1,689 translation adjustment At 31 March 2008 (68) (17,164) 498,347 (5) Consolidated statement of comprehensive income (US GAAP) Q1 2008 Q4 2007 Q1 2007 FY 2007 GBP'000 GBP'000 GBP'000 GBP'000 Net income 8,942 9,859 9,577 36,842 Realized gain on 214 - - - available-for-sale security, net of tax Unrealized holdings gains / (losses) on (68) 237 (230) (608) available-for-sale securities, net of tax Currency translation adjustment 1,689 10,543 (927) (6,777) Total comprehensive income 10,777 20,639 8,420 29,457 (6) Non-GAAP measures

The following non-GAAP measures, including reconciliations to the US GAAP measures, have been used in this earnings release. These measures have been presented as they allow a clearer comparison of operating results that exclude acquisition-related charges, share-based remuneration and restructuring charges and profit on disposal and impairment of available-for-sale investments. All figures in GBP'000 unless otherwise stated.

(6.1) (6.2) (6.3) (6.4) Q1 2008 Q4 2007 Q1 2007 FY 2007 Income from operations (US GAAP) 11,678 10,482 11,244 42,838 Restructuring costs 718 138 - 1,037 Acquisition-related charge - 4,430 4,397 4,655 18,226 amortization of intangibles Acquisition-related charge - other 45 857 397 1,735 payments Share-based remuneration and 3,899 3,230 3,872 16,341 related payroll taxes Impairment of available-for-sale - 1,162 - 1,162 security Normalised income from operations 20,770 20,266 20,168 81,339 As % of revenue 30.6% 31.5% 30.3% 31.4% (6.5) (6.6) (6.7) (6.8) Q1 2008 Q4 2007 Q1 2007 FY 2007 Income before income tax (US GAAP) 12,249 11,529 12,701 48,240 Restructuring costs 718 138 - 1,037 Acquisition-related charge - 4,430 4,397 4,655 18,226 amortization of intangibles Acquisition-related charge - other 45 857 397 1,735 payments Share-based remuneration and 3,899 3,230 3,872 16,341 related payroll taxes Impairment of available-for-sale - 1,162 - 1,162 investment Normalised income before income tax 21,341 21,313 21,625 86,741 (6.9) (6.10) (6.11) 31 March 31 31 2008 December March 2007 2007 Cash and cash equivalents 55,191 49,509 92,595 Short-term investments 36 232 19,069 Short-term marketable securities - 1,582 15,117 Normalised cash 55,227 51,323 126,781 (6.12) (6.13) (6.14) (6.15) Q1 2008 Q4 2007 Q1 2007 FY 2007 Normalised cash at end of period 55,227 51,323 126,781 51,323 (as above) Less: Normalised cash at (51,323)(99,284)(128,494)(128,494) beginning of period Add back: Cash outflow from 931 100 2,618 6,014 acquisitions (net of cash acquired) Add back: Cash outflow from - 10,534 - 18,547 payment of dividends Add back: Cash outflow from 13,019 49,568 20,159 128,561 purchase of own shares Less: Cash inflow from exercise (2,653) (1,740) (5,509) (18,892) of share options Less: Cash inflow from sale of (1,478) - - - available-for-sale investments Normalised cash generation 13,723 10,501 15,555 57,059 (6.16) (6.17) (6.18) (6.19) Q1 2008 Q4 2007 Q1 2007 FY 2007 Net income (US GAAP) 8,942 9,859 9,577 36,842 Restructuring costs 718 138 - 1,037 Acquisition-related charge - 4,430 4,397 4,655 18,226 amortization of intangibles Acquisition-related charge - 45 857 397 1,735 other payments Share-based remuneration and 3,899 3,230 3,872 16,341 related payroll taxes Impairment of available-for-sale - 1,162 - 1,162 investment Estimated tax impact of above (2,816) (2,928) (2,849) (11,523) charges Normalised net income 15,218 16,715 15,652 63,820 Dilutive shares ('000) 1,301,123 1,335,144 1,377,589 1,366,384 Normalised diluted EPS 1.17p 1.25p 1.14p 4.67p (6.20) Normalised income statement for Q1 2008 Other Share- Intang acquisi based -ible -tion Restruct- remuner amortiza -related -uring Normalised -ation -tion charges charges US GAAP GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 Revenues Product 63,817 - - - - 63,817 revenues Service 4,071 - - - - 4,071 revenues Total revenues 67,888 - - - - 67,888 Cost of revenues Product costs (5,800) - - - - (5,800) Service costs (1,772) (268) - - - (2,040) Total cost of (7,572) (268) - - - (7,840) revenues Gross profit 60,316 (268) - - - 60,048 Research and (16,312) (2,616) - (38) - (18,966) development Sales and (11,048) (508) - 2 - (11,554) marketing General and (12,186) (507) - (9) - (12,702) administrative Restructuring - - - - (718) (718) costs Amortization of intangibles purchased through - - (4,430) - - (4,430) business combination Total (39,546) (3,631) (4,430) (45) (718) (48,370) operating expenses Income from 20,770 (3,899) (4,430) (45) (718) 11,678 operations Interest 571 - - - - 571 Income before 21,341 (3,899) (4,430) (45) (718) 12,249 income tax Provision for (6,123) 841 1,672 16 287 (3,307) income taxes Net income 15,218 (3,058) (2,758) (29) (431) 8,942 Earnings per share (assuming dilution) Shares 1,301,123 1,301,123 outstanding ('000) Earnings per 1.17 0.69 share - pence Earnings per ADS (assuming dilution) ADSs 433,708 433,708 outstanding ('000) Earnings per 6.97 4.10 ADS - cents (6.21) Normalised income statement for Q1 2007 Other Share acquis -based -ition remuner Intangible -related Normalised -ation amortization charges US GAAP GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 Revenues Product 62,300 - - - 62,300 revenues Service 4,192 - - - 4,192 revenues Total revenues 66,492 - - - 66,492 Cost of revenues Product costs (5,638) - - - (5,638) Service costs (1,358) (232) - - (1,590) Total cost of (6,996) (232) - - (7,228) revenues Gross profit 59,496 (232) - - 59,264 Research and (16,589) (2,246) - (162) (18,997) development Sales and (11,132) (774) - - (11,906) marketing General and (11,607) (620) - (235) (12,462) administrative Amortization of intangibles purchased through - - (4,655) - (4,655) business combination Total (39,328) (3,640) (4,655) (397) (48,020) operating expenses Income from 20,168 (3,872) (4,655) (397) 11,244 operations Interest 1,457 - - - 1,457 Income before 21,625 (3,872) (4,655) (397) 12,701 income tax Provision for (5,973) 937 1,796 116 (3,124) income taxes Net income 15,652 (2,935) (2,859) (281) 9,577 Earnings per share (assuming dilution) Shares 1,377,589 1,377,589 outstanding ('000) Earnings per 1.14 0.70 share - pence Earnings per ADS (assuming dilution) ADSs 459,196 459,196 outstanding ('000) Earnings per 6.69 4.09 ADS - cents Note

The results shown for Q1 2008, Q4 2007 and Q1 2007 are unaudited. The results shown for FY 2007 are audited. The financial information contained in this announcement does not constitute statutory accounts within the meaning of Section 240(3) of the Companies Act 1985. Statutory accounts of the Company in respect of the financial year ended 31 December 2007, upon which the Company's auditors have given a report which was unqualified and did not contain a statement under Section 237(2) or Section 237(3) of that Act, will soon be delivered to the Registrar of Companies.

The results for ARM for Q1 2008 and previous quarters as shown reflect the accounting policies as stated in Note 1 to the US GAAP financial statements in the Annual Report and Accounts for the fiscal year ended 31 December 2007 and in the Annual Report on Form 20-F for the fiscal year ended 31 December 2007.

This document contains forward-looking statements as defined in section 102 of the Private Securities Litigation Reform Act of 1995. These statements are subject to risk factors associated with the semiconductor and intellectual property businesses. When used in this document, the words "anticipates", "may", "can", "believes", "expects", "projects", "intends", "likely", similar expressions and any other statements that are not historical facts, in each case as they relate to ARM, its management or its businesses and financial performance and condition are intended to identify those assertions as forward-looking statements. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a number of variables, many of which are beyond our control. These variables could cause actual results or trends to differ materially and include, but are not limited to: failure to realize the benefits of our recent acquisitions, unforeseen liabilities arising from our recent acquisitions, price fluctuations, actual demand, the availability of software and operating systems compatible with our intellectual property, the continued demand for products including ARM's intellectual property, delays in the design process or delays in a customer's project that uses ARM's technology, the success of our semiconductor partners, loss of market and industry competition, exchange and currency fluctuations, any future strategic investments or acquisitions, rapid technological change, regulatory developments, ARM's ability to negotiate, structure, monitor and enforce agreements for the determination and payment of royalties, actual or potential litigation, changes in tax laws, interest rates and access to capital markets, political, economic and financial market conditions in various countries and regions and capital expenditure requirements.

More information about potential factors that could affect ARM's business and financial results is included in ARM's Annual Report on Form 20-F for the fiscal year ended 31 December 2007 including (without limitation) under the captions, "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," which is on file with the Securities and Exchange Commission (the "SEC") and available at the SEC's website at http://www.sec.gov/.

About ARM

ARM designs the technology that lies at the heart of advanced digital products, from mobile, home and enterprise solutions to embedded and emerging applications. ARM's comprehensive product offering includes 16/32-bit RISC microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products. Combined with the company's broad Partner community, they provide a total system solution that offers a fast, reliable path to market for leading electronics companies. More information on ARM is available at http://www.arm.com/.

ARM is a registered trademarks of ARM Limited. ARM7, ARM9, ARM11, Cortex and Mali are trademarks of ARM Limited. All other brands or product names are the property of their respective holders. "ARM" is used to represent ARM Holdings plc; its operating company ARM Limited; and the regional subsidiaries: ARM, Inc.; ARM KK; ARM Korea Ltd.; ARM Taiwan Limited; ARM France SAS; ARM Consulting (Shanghai) Co. Ltd.; ARM Belgium N.V.; ARM Germany GmbH; Keil Elektronik GmbH; ARM Embedded Technologies Pvt. Ltd. and ARM Norway, AS.

ARM Ltd

CONTACT: Contacts: Fiona Laffan/Pavla Shaw Tim Score/Ian Thornton,
Brunswick ARM Holdings plc, +44(0)207-404-5959 +44(0)1628-427800

SAFC Hitech(TM) Expands Sheboygan Facility With State-Of-The-Art Manufacturing CleanroomFacility Increases In-house Capabilities and Quality Control

ST. LOUIS, April 29 /PRNewswire-FirstCall/ -- SAFC Hitech(TM), a focus area within SAFC(R), a member of the Sigma-Aldrich Group , today underlined its commitment to the electronic materials markets with the opening of a $9 million state-of-the-art cleanroom located on the Company's Sheboygan Falls, Wisconsin campus. The 5,000 square foot facility consists of an ISO Class 4 cleanroom, a distillation suite and office space.

The new facility, which became fully operational in late April 2008, provides in-house trace metals analysis and the capability to clean and fill containers in a tightly-controlled environment. The Sheboygan campus was selected as the site for the new cleanroom as it already provides large-scale manufacturing of products for the material science industry for SAFC, which supports the silicon semiconductor, compound semiconductor and performance materials markets.

The extension of the Sheboygan campus enables SAFC Hitech to produce, package and analyze its products in one location, completing the total supply chain, eliminating the need to use outside facilities and ensuring customers an uninterrupted supply of the highest quality materials required for advanced semiconductor manufacturing.

"One of SAFC's primary business objectives is to continue to build the SAFC Hitech segment into a global leader in the supply of ultra-pure, high quality materials and technical solutions to the electronics industries we serve," commented SAFC President, Frank Wicks. "As the demand for new and increasingly efficient materials continues to grow, so does the need to attain higher and higher levels of quality and dependability from our products."

"This cleanroom investment complements existing manufacturing and extensive research and development sites at Sheboygan and will help us to achieve our objectives, essentially providing a 'one stop shop' for manufacturing, analysis and packaging. As a result, SAFC Hitech customers will benefit from high-quality products that meet or exceed specifications, feature significantly reduced quality variations and are delivered on time."

Looking ahead, Geoff Irvine, Director, Commercial Development & Marketing, SAFC Hitech, believes the Sheboygan facility can act as a blueprint for future expansion in overseas markets. "In 2007 we announced long-term plans for the expansion of our manufacturing footprint in both China and South Korea," Irvine says. "We expect to be able to use the construction and operational experiences gained from Sheboygan and apply it to future, similar developments serving other markets, thereby expanding our global presence using tried and tested methodologies."

About SAFC Hitech:

SAFC Hitech provides a unique chemistry service translating application understanding into performance materials worldwide. Through collaborative partnerships and an integrated approach from research and development, process development and scale up to commercial manufacturing, SAFC Hitech invests in innovation and manufacturing enabling current and future technology needs. Further information can be found at http://www.safchitech.com/.

About SAFC:

SAFC(R) is the custom manufacturing and services group within Sigma-Aldrich that focuses on products and services for high technology applications, cell culture products and services for biopharmaceutical manufacturing, biochemical production and the manufacturing of complex, multi-step organic synthesis of APIs and key intermediates. SAFC has manufacturing facilities around the world dedicated to providing manufacturing services for companies requiring a reliable partner to produce their custom manufactured materials. SAFC has four focus areas -- SAFC Pharma(TM), SAFC Supply Solutions(R), SAFC Biosciences(TM), and SAFC Hitech(TM) -- and had annual sales of nearly $600 million in 2007. SAFC is one of the world's 10 largest fine chemical businesses. For more information about SAFC, visit http://www.safcglobal.com/.

About Sigma-Aldrich:

Sigma-Aldrich is a leading Life Science and High Technology company. Our biochemical and organic chemical products and kits are used in scientific and genomic research, biotechnology, pharmaceutical development, the diagnosis of disease and as key components in pharmaceutical and other high technology manufacturing. We have customers in life science companies, university and government institutions, hospitals and in industry. Over one million scientists and technologists use our products. Sigma-Aldrich operates in 36 countries and has 7,900 employees providing excellent service worldwide. We are committed to accelerating Customers' success through leadership in Life Science, High Technology and Service. For more information about Sigma-Aldrich, please visit our award-winning web site at http://www.sigma-aldrich.com/.

Cautionary Statement: This release contains forward-looking statements relating to future performance, goals, strategic actions and initiatives and similar intentions and beliefs and other statements regarding the Company's expectations, goals, beliefs, intentions and the like, which involve assumptions regarding the Company's operations and conditions in the markets the Company serves. The Company does not undertake any obligation to update these forward-looking statements.

SAFC(R) and SAFC Supply Solutions(R) are registered trademarks of Sigma-Aldrich Biotechnology L.P. and Sigma-Aldrich Co. Sigma-Aldrich(TM), SAFC Pharma(TM), SAFC Biosciences(TM) and SAFC Hitech(TM)are trademarks of Sigma-Aldrich Biotechnology L.P. and Sigma-Aldrich Co.

Photo: http://www.newscom.com/cgi-bin/prnh/20050215/CGSIGMAALLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Sigma-Aldrich

CONTACT: Dr. Frank Wicks, President of SAFC, +1-314-286-8008; or
Mr. Mark Button of Impress Public Relations, +1-408-310-2168,
mark@impress-pr.com, for Sigma-Aldrich

Web site: http://www.sigma-aldrich.com/
http://www.safchitech.com/
http://www.safcglobal.com/

AT&T U-verse Expands in AtlantaSoutheastern Consumers Benefit From Advanced Technology, Compelling Features and Video Choice

ATLANTA, April 29 /PRNewswire-FirstCall/ -- More Atlanta-area residents now have a new -- and better -- choice for their television and communications services. AT&T Inc. today announced the expanded availability of AT&T U-verse(SM) TV and U-verse enabled AT&T High Speed Internet in parts of local Atlanta communities. AT&T will make U-verse services available to more homes throughout the area on an ongoing basis.

AT&T U-verse brings together your TV, broadband and AT&T wireless services -- all on one bill -- with unique features that provide a new level of integration, convenience and control. AT&T U-verse services are all delivered over AT&T's advanced Internet Protocol (IP) network.

"AT&T has made a commitment to help customers in the Southeast benefit from faster and wider delivery of innovative new services like AT&T U-verse," said Sylvia Anderson, AT&T Georgia president. "Our customers will reap the rewards when they experience AT&T U-verse TV. We look forward to expanding U-verse services and video choice to more customers in the Southeast."

AT&T is the only national service provider to offer a 100 percent IP-based television (IPTV) service. IP technology helps make AT&T U-verse TV one of the most dynamic and feature-rich services available today, with advanced capabilities that customers don't get from other providers and with access to more than 40 High Definition (HD) channels.

"We're excited that our Atlanta customers will be the first in the Southeast to know why we say U-verse TV is cooler than cable," said Rob Bentley, AT&T vice president and general manager for the Southeast region. "We're bringing them unmatched features, an extensive HD channel lineup, more control over their services and a great value."

Where available, local AT&T U-verse customers can enjoy numerous TV benefits, including:

-- An attractive selection of TV packages. You can choose from a variety of subscription options that feature up to 320 channels, including digital music, local, movie and sports programming, as well as premium Spanish-language and international packages. All packages include HD-capable equipment, and most packages include an HD digital video recorder (DVR). (More receivers can be added for $5 each a month.) -- More HD channels than the major local cable providers, with an extensive lineup of more than 40 HD channels. U-verse TV supports both 720p and 1080i formats. Access to HD service is $10 a month with any U-verse TV package. -- The ability to set your DVR from any location. With AT&T Yahoo! Web and Mobile Remote Access to DVR, you can schedule recordings from any Web-connected PC or compatible AT&T mobile phone (wireless service charges apply) by using your AT&T High Speed Internet account. -- The ability to record up to four programs at once using a DVR (up to four standard definition programs or one HD and three standard definition programs) -- another feature exclusive to AT&T U-verse TV. -- AT&T Online Photos from Flickr, which lets you simply and conveniently browse the photos you've uploaded to flickr.com and watch slide shows on your U-verse TV screen from the comfort of your couch. -- AT&T U-bar, which brings customizable weather, stock, sports and traffic information to the U-verse TV screen, without interrupting the current program. AT&T High Speed Internet subscribers can personalize the U-bar from the AT&T portal to display weather at specific locations, your personal stock portfolio and scores for your favorite sports teams. -- YELLOWPAGES.COM TV, for fast and easy searches to find local businesses and other information via your TV screen. -- AT&T Yahoo! Games, so you can now play your favorite online games -- including Sudoku, Solitaire, JT's Blocks, Mah-jongg Tiles and Chess -- on the TV screen. -- Built-in Picture-in-Picture, which lets you channel-surf on any television without leaving the program you're watching. -- A growing Video On Demand (VOD) library with one-touch access to movies and events. -- Advanced search to find upcoming linear or VOD programs by using the title or an actor's name. -- Easy-to-use parental controls to block live programs, recorded programs or videos by specific channel or ratings. -- Specially designed U-verse receivers. All U-verse receivers are HD-capable and include universal remote controls with backlit buttons and one-touch access to VOD, recorded TV and other popular U-verse features.

AT&T U-verse offers multiple combinations of TV and Internet packages to customize your experience. U-verse TV offers five programming packages -- U100, U200, the popular U300 and U400 packages, plus U-family, a market-leading family-friendly programming option. Current AT&T U-verse TV pricing starts at $44 a month, depending on the selected programming package (taxes, fees and other monthly charges apply).

Professional installation of all U-verse services is included for new U-verse TV customers. Customers who order a qualifying programming package by phone through May 24, 2008, are eligible to choose a free month of the U200, U300 or U400 package or a $50 cash-back redemption by gift check ($100 if both TV and Internet are ordered). Customers who order qualifying TV and Internet packages online will receive both a free month of the TV package and a $100 cash-back redemption.

U-verse enabled AT&T High Speed Internet offers more bandwidth and faster available speeds to meet the needs of every consumer or small business broadband user, including four package options:

-- Max: Downstream speeds up to 10.0 Mbps, upstream speeds up to 1.5 Mbps -- Elite: Downstream speeds up to 6.0 Mbps, upstream speeds up to 1.0 Mbps -- Pro: Downstream speeds up to 3.0 Mbps, upstream speeds up to 1.0 Mbps -- Express: Downstream speeds up to 1.5 Mbps, upstream speeds up to 1.0 Mbps

All U-verse enabled AT&T High Speed Internet packages include wireless home networking at no extra cost, giving customers the freedom to access online photos, streaming video, games and other information from a wireless-enabled laptop or other device. Subscribers also receive virtually unlimited e-mail storage, powerful anti-virus and anti-spam software and access to the nation's largest Wi-Fi network with free unlimited connectivity at more than 10,000 AT&T Wi-Fi(SM) hot spots.

In 2007, the Consumer Choice for Television Act was sponsored by Representative Jeff Lewis and carried in the Senate by Senator David Shafer, and it was passed overwhelmingly by the Georgia General Assembly and signed by Governor Perdue.

AT&T is deploying next-generation AT&T U-verse services as part of its mission to connect people with their world, everywhere they live and work, and do it better than anyone else. Through AT&T U-verse and the company's 100 percent IP platform, consumers will benefit from integrated AT&T services across the three screens they value the most: the TV, the PC and the wireless phone.

For additional information on AT&T U-verse -- or to find out whether it's available in your area -- visit http://uverse.att.com/, call 800-ATT-2020 or visit one of the following AT&T retail locations:

3429 Lenox Road, Atlanta, Georgia 30326 136 Perimeter Center West, Atlanta, Georgia 30346 3380 Buford Drive, Suite F340, Buford, Georgia 30519 About AT&T

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

Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

AT&T High Speed Internet provided by AT&T Internet Services with customized content, services, and applications from Yahoo! Inc. Yahoo!, the Yahoo! logos and other product and service names are the trademarks and/or registered trademarks of Yahoo! Inc.

IMPORTANT OFFER INFORMATION: All promotional offers expire 5/24/08. Service not available in all areas; Residential customers only; Prices, programming, and offers subject to change without notice; The identified "up to" speeds are maximum downstream rates for Internet access service which may vary and are not guaranteed; Actual speed achieved depends on customer location, line condition, and use of other U-verse services; Credit and other restrictions apply; Channel counts include optional channels available in plan; Wireless networking may require adapter purchased separately; Fiber-optics apply to part or all of the network depending on your location. Other Charges: Taxes, video cost recovery fees, and other fees extra; Equipment rental fees included in monthly service charges. Installation Offer: Offer ends 5/24/08. No charge for standard professional installation for new AT&T U-verse customers ordering U-verse TV. Free Mo. of Service or $50 Cash Back: Residential customers ordering new U-verse 200 or higher TV plan. Free Month of Service applied as bill credit for 1 mo. std. monthly charge for qualifying TV plan only. Video On Demand (VOD) Pay Per View, and other charges not included. $50 Cash Back redemption details provided to customer 30 days after activation. Check sent to customers 4-6 weeks after receipt of coupon. Checks expire 60 days from issue date. Qualifying services must be active & in good standing at time of redemption processing. Offer ends 5/24/08. $100 Cash Back: Offer ends 5/24/08. Residential customers ordering new U-verse 200 or higher TV plan and U-verse enabled Internet service (Express or higher). Redemption details provided to customer 30 days after activation. Check mailed 4-6 weeks after receipt of coupon. Checks expire 60 days from issue date. Qualifying services must be active & in good standing at time of redemption processing. Free Mo. of Service & $100 Cash Back: Online Orders Only. Offer ends 5/24/08. Residential customers ordering new U-verse 200 or higher with AT&T High Speed Internet U-verse enabled plans. Credit for 1 mo. std. monthly charge for qualifying TV plan only. Video On Demand (VOD) Pay Per View, and other charges not included. Redemption details provided to customer 30 days after activation. Check sent to customers 4-6 weeks after receipt of coupon. Checks expire 60 days from issue date. Qualifying services must be active & in good standing at time of redemption processing.

AT&T Inc.

CONTACT: Joe Chandler of AT&T Inc., +1-404-927-2992,
joe.chandler@att.com

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

Global Energy Forum Shows Microsoft Solutions in the Oil and Gas Industry

ABU DHABI, United Arab Emirates, April 29 /PRNewswire/ --

- Major players gather to explore Microsoft's tailored technology solutions that enable the industry to seize opportunities, improve predictability and compete under dynamic market conditions.

Today the first Microsoft Middle East and Africa Global Energy Forum brings more than 300 decision-makers from oil and gas companies across the region to the Emirates Palace Hotel in Abu Dhabi. With a keynote address from Gerald Doucet, secretary general of the World Energy Council, the Global Energy Forum explores how Microsoft Corp and partners' technology solutions can empower the industry as well as address global and regional aspirations.

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

Hosting the Global Energy Forum in the Middle East and Africa region derives from Microsoft's recognition of the region's continuing importance to the global reserves and supply. The Global Energy Forum combines the experience of global and regional partners, including Accenture, Schlumberger Information Solutions (SIS), The Information Store, OSlsoft, GE Fanuc and WellPoint Systems Inc, to showcase Microsoft technologies that integrate with partner expertise, encompassing solutions for exploration, logistics, marketing and more.

"With today's global reach for energy security, sustainability and efficiency, IT plays an ever-mounting role in empowering the industry," said Omar Saleh, oil and gas sales manager for Middle East and Africa at Microsoft. "With our partners, through our Peak Performance Initiative, Microsoft is specifically addressing priorities in the oil and gas industry -- including digital oilfield, integrated supply chain, health and safety performance, upstream integration, and capital projects intelligence -- delivering solutions that are fully integrated across people, processes and technology."

"Microsoft's proven technologies and Accenture's expertise deliver industry-leading information connectivity -- the key to maximising output in today's tough production environment," said Alexandre Oliveira, global upstream lead at Accenture. "Accenture, in using Microsoft's integrated software solutions, delivers high-performance asset management programs focused on managing and optimising the performance of existing reservoirs, wells and surface facilities."

Microsoft and SIS are collaborating to integrate business and technical work flows to reduce uncertainty, improve decision-making and accelerate technology adoption. SIS leverages Microsoft technologies to provide an open innovation framework, allowing oil and gas companies to incorporate proprietary applications into integrated SIS work flows, providing customisation for competitive advantage in complex reservoirs.

"Meeting the challenges of global energy supply and demand depends on integrated business processes, breakthrough innovations and rock-solid business relationships," said Ali Faramawy, vice president, Microsoft International. "Oil and gas companies succeed when individuals and teams make better decisions faster, accelerating time to insight. The Microsoft Global Energy Forum is an important vehicle for oil and gas companies to explore the optimal solutions open to them, and look at what is in the innovation pipeline to stay ahead."

"Microsoft has a dedicated work force committed to working with partners to deliver impactful solutions to decision-makers in the oil and gas industry," said Manal Ezzat, regional marketing manager for Middle East and Africa at Microsoft. "We aim to nurture existing relationships and develop new ones through a series of ongoing business initiatives and recurring engagements to showcase our latest innovations and cutting-edge technologies."

About Microsoft in Oil and Gas

Meeting the challenges of global energy supply and demand depends on integrated business processes, breakthrough innovations and solid business relationships. Together with its partners, Microsoft delivers technology solutions that help people in the oil and gas industry make better decisions faster. More information about Microsoft in the oil and gas industry can be found at http://www.microsoft.com/oilandgas.

About the Middle and Africa Global Energy Forum http://microsoft.crgevents.com/GEFMEA2008/microsoft_gef

About Microsoft

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

About Microsoft EMEA (Europe, Middle East and Africa)

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

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

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

Microsoft

Microsoft EMEA Response Centre, emearesponse@waggeneredstrom.com, or Tomas Jensen of Microsoft EMEA, +49-175-5844-799 (through 30 April), +49-89-3176-5396, tomas.jensen@microsoft.com, or Rym Romdhani of Microsoft, +97150-774-8892 (through 30 April), +9714-3917-433, i-ryomd@microsoft.com; or Ayesha Karumbaya of Asda'a, +97150-948-8264 (through 30 April), +9714-3344-550, a.karumbaya@asdaa.com; or Paul Arrowsmith of Waggener Edstrom Worldwide, +44-20-7632-3902, parrowsmith@waggeneredstrom.com, both for Microsoft; NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre. Web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact the appropriate contacts listed at http://www.microsoft.com/emea/presscentre/contactus.mspx. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages. Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

Hoya publie ses résultats financiers pour le quatrième trimestre et l'exercice 2007

TOKYO, Japon, April 29 /PRNewswire/ -- HOYA Corporation a annoncé aujourd'hui un chiffre d'affaires net de 135,8 milliards de yen pour le trimestre terminé le 31 mars 2008, soit une augmentation de 36,5 % par rapport à la mÃªme période l'année dernière. Le bénéfice d'exploitation pour le dernier trimestre s'est quant à lui chiffré à 18,0 milliards de yen, une baisse de 26,8 % comparativement aux 24,6 milliards de yen enregistrés l'an dernier. Toujours au quatrième trimestre, le bénéfice net et le bénéfice par action ont été respectivement de 16,3 milliards de yen et 37,71 yen, par rapport à 19,0 milliards de yen et à 44,11 yen au quatrième trimestre de l'année précédente.

Pour ce qui est de l'exercice clos le 31 mars 2008, la société a annoncé un chiffre d'affaires net de 481,6 milliards de yen, une hausse de 23,5 % par rapport à l'année dernière. Le bénéfice d'exploitation s'est pour sa part établi à 95,0 milliards de yen, soit une diminution de 11,3 % comparativement à l'an dernier. Le bénéfice net et le bénéfice par action se sont chiffrés à 77,0 milliards de yen et 178,18 yen, respectivement, par rapport à 83,3 milliards de yen et 193,50 yen pour l'exercice 2006.

<< Les résultats de l'exercice 2007 ont été inférieurs à nos prévisions, en raison principalement de la chute du prix des appareils photo numériques qui a touché notre secteur optique >>, a déploré Hiroshi Suzuki, président-directeur général de HOYA. << Toutefois, l'exercice 2008 semble avoir mieux débuté que l'année dernière. Nous prévoyons d'ailleurs effectuer un investissement de capitaux proactif au cours de l'année 2008 afin de répondre à la demande du marché. >>

Principaux résultats du quatrième trimestre

Le chiffre d'affaires a fait un bond au quatrième trimestre grâce à la fusion avec Pentax, mais le bénéfice d'exploitation a chuté de 26,8 %. Les revenus du secteur de l'électro-optique ont diminué de 6,4 % en raison principalement de la baisse saisonnière de la demande et de l'impact négatif du taux de change. Le chiffre d'affaires du secteur des soins de la vue a quant à lui chuté de 6,5 % à cause de la concurrence féroce dans le domaine des lentilles à bas prix. Le secteur des soins de santé a connu pour sa part une hausse de 10,0 % de son chiffre d'affaires pour le trimestre, un résultat attribuable aux efforts fructueux sur le plan de la consultation et à la hausse des ventes pour les produits à valeur ajoutée.

Ã€ compter du trimestre actuel, les ventes des trois groupes commerciaux Pentax sont regroupées. Dans le secteur soins vitaux (Life Care), les ventes importantes du nouveau système endoscopique ont entraîné une hausse du chiffre d'affaires net en glissement annuel. Toujours sur douze mois, le chiffre d'affaires net tiré des ventes du système d'imagerie a quant à lui diminué en raison de la chute des ventes d'appareils photo numériques de type compact. Les ventes nettes du secteur des composantes optiques ont pour leur part augmenté grâce au rendement stable du module d'appareil photo numérique à valeur ajoutée.

Principaux résultats de l'exercice 2007

Le chiffre d'affaires net du secteur électro-optique s'est élevé à 209,8 milliards de yen, soit une baisse de 4,3 % par rapport à l'exercice précédent. Le chiffre d'affaires net du secteur soins de la vue s'est établi pour sa part à 126,3 milliards de yen, en hausse de 5,5 % comparativement à 2006. Le chiffre d'affaires net du secteur soins de santé s'est situé quant à lui à 46,1 milliards de yen, une augmentation de 13,0 % par rapport à l'an dernier. Les chiffres d'affaires nets de 89,0 milliards de yen provenant du regroupement des nouvelles entreprises Pentax et de leurs filiales, générés pour la période de six mois débutant le 1er octobre 2007 et se terminant le 31 mars 2008, ont été combinés aux résultats de l'exercice.

HOYA a également annoncé un dividende de clôture prévu de 35 yen par action ordinaire. Le dividende annuel, qui comprend un dividende provisoire de 30 yen l'action, devrait donc s'élever à 65 yen par action. La décision finale sera prise lors de la réunion du conseil d'administration qui se tiendra à la fin mai.

Pour obtenir le rapport complet des résultats financiers trimestriels, veuillez consulter la section << Hoya Quarterly >> sur la page consacrée aux relations avec les investisseurs du site Internet de Hoya à l'adresse suivante : http://www.hoya.co.jp/english/.

*Ces résultats sont préliminaires et non vérifiés.

*Les montants en yen qui sont indiqués sont arrondis aux 100 millions près.

Ã€ propos de Hoya Corporation :

Hoya Corporation (TSE : 7741) est une entreprise technologique mondiale établie à Tokyo, au Japon, et un fournisseur de premier plan de produits et services haute technologie novateurs et indispensables fondés sur ses technologies optiques avancées. Hoya oeuvre dans quatre secteurs d'activités : la division d'électro-optique, qui se spécialise dans la fabrication de masques et de photomasques pour les circuits intégrés et les panneaux à cristaux liquides, des lentilles optiques pour les appareils photo numériques ainsi que des disques en verre incassables pour les disques durs ; la division des soins de la vue, qui fournit des lunettes, exploite des magasins de détail spécialisés dans la vente de verres de contacts et fabrique des lentilles intraoculaires destinées à la chirurgie de la cataracte ; la division des soins vitaux, qui fournit des systèmes endoscopiques, et finalement Imaging System, qui produit des appareils photo numériques SLR/compact et des lentilles interchangeables. Enfin, le secteur des composantes optiques se spécialise dans la fabrication de modules d'objectifs et de micro-lentilles pour les appareils photo numériques. Hoya compte maintenant 111 filiales et emploie environ 35 000 personnes dans le monde. Pour en savoir davantage, veuillez consulter le site http://www.hoya.co.jp/english/.

URL : http://www.hoya.co.jp/english/

Hoya Corporation

Renseignements : Akiko Maeyama, Naoji Ito, communications d'entreprise, Hoya Corporation, tél. : +81-3-3952-1166, e-mail : corp-comm@mb.hoya.co.jp

Logic Instrument: 2007, une année de transition - 2008, prÃªt pour la croissance

DOMONT, France, April 29 /PRNewswire/ --

en KEUR 2007 hors 2007 2006 éléments non récurrents * Chiffre d'affaires 15 566 15 566 13 032 Résultat 566 566 546 d'exploitation Résultat financier 41 -681 - 115 Résultat courant 607 -115 432 Résultat exceptionnel -165 -282 - 67 Résultat net pdg 344 -268 206

*hors éléments non récurrents 840 KEUR (cf. ci-dessous)

2007, une année de transition

L'exercice a été marqué par l'accélération de la croissance et la poursuite des chantiers de restructuration :

- Levée de fonds de 1,9 MEUR et transfert sur Alternext

- Forte croissance du chiffre d'affaires à 15,5 MEUR soit + 19,4 %

- Activité tirée par les ordinateurs durcis Tetra : + 46 %

- Partenariat avec le taÃ¯wanais MiTAC qui permet d'élargir l'offre et de disposer de puissantes capacités de production

- La filiale US a tenu ses promesses, avec un chiffre d'affaires de 3,3 MEUR contre 0,6 MEUR en 2006. Logic Instrument a de plus été retenu par Lockheed Martin pour la fourniture d'ordinateurs durcis livrables en 2009-2010, pour un montant global de 20 M$.

Plusieurs éléments non récurrents ont toutefois pesé sur la rentabilité à hauteur de 840 KEUR :

- Charges financières 723 KEUR : il s'agit d'une caution émise en faveur de Beltronic, sous-traitant dans le cadre de contrats au Canada et aux USA, livrés et payés en 2006 et 2007 ; Beltronic ne pouvant faire face à ses obligations financières, la caution a été appelée. Les conditions de mise en oeuvre de cette caution font l'objet de divers recours mais, par prudence, Logic Instrument a décidé de provisionner la somme à 100 %.

- Charge exceptionnelle sur la cession de 49 % détenus dans Comeris, participation mise en équivalence : 117 KEUR, dont une moins value sur les titres de 25 KEUR et reprises sur réserves consolidées 92 KEUR. squared

Hors ces éléments exceptionnels, le résultat net aurait atteint 344 KEUR, soit 2,2 % du CA.

Avec 4,8 MEUR de fonds propres et une trésorerie nette positive de 2,4 MEUR, contre une dette nette de 1,0 MEUR en 2006, la structure financière s'est renforcée. Un dividende de 0,06 EUR sera soumis au vote lors de l'Assemblée Générale du 25 juin 2008.

2008, une année de finalisation et de reprise.

L'activité devrait connaître un taux de croissance à deux chiffres, tirée par les ordinateurs durcis Tetra et le développement à l'international. Le redéploiement en Allemagne se poursuivra, avec un recentrage sur de plus gros contrats et la constitution d'un réseau de revendeurs en Allemagne, Autriche et Suisse. La rentabilité sera restaurée.

Jacques Gebran, Directeur Général, déclare : <>.

A propos de Logic Instrument (ALLOG) http://www.logic-instrument.com

Créée en 1987 et labellisée Oseo Innovation depuis 2004, l'entreprise exerce deux métiers :

- la conception et la fabrication d'ordinateurs industriels durcis destinés aux environnements extrÃªmes : 75 % du CA

- la distribution d'instruments de tests et mesures : 25 % du CA

Ses clients sont principalement de grands groupes internationaux privés ou publics.

Contact : Jacques Gebran, Logic Instrument, +33(0)1-34-28-61-61, j.gebran@logic-instrument.com

Catherine Kablé, Kablé Communication Finance, +33(0)1-44-50-54-75 catherine.kable@kable-cf.com

Logic Instruments

Contact : Jacques Gebran, Logic Instrument, +33(0)1-34-28-61-61, j.gebran@logic-instrument.com; Catherine Kablé, Kablé Communication Finance, +33(0)1-44-50-54-75, catherine.kable@kable-cf.com

Beijing Komoxo Mobile Software Licenses Patents From MicrosoftText-input technologies agreement will enhance Komoxo's next-generation text-input engine and improve consumer experience on mobile devices for nearly 40 languages.

REDMOND, Wash., and BEIJING, April 28 /PRNewswire-FirstCall/ -- Microsoft Corp. and Beijing Komoxo Mobile Software Inc. today announced a patent licensing agreement on text-input technologies for mobile devices. The licensed patents allow Komoxo to integrate Microsoft's statistical language modeling methods into its next-generation text-input engine for reduced keypad and touch-screen devices, and deliver new mobile innovations to consumers around the world.

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

Through the agreement, Microsoft's patented technology would be used in Komoxo's innovative text-input solution to improve appropriate word recommendations and selections during texting and to enhance spell-checking features for mobile devices. For example, many mobile devices combine text and numeric input keys onto one keypad. The technology being licensed by Komoxo will enable devices using the technology to recognize and recommend words faster and with more accuracy based on individual user experience. This new-generation text-input solution will significantly improve the text-input consumer experience, especially for one-hand text input in mobile scenarios on growing popular "reduced" keypad and touch-screen mobile devices.

This patent licensing agreement is the first of its kind between Microsoft and a China-based company and a testament to both the quality of Microsoft's patent portfolio and its commitment to working with China-based companies. The agreement will accelerate research and development, foster greater technology collaboration, and enhance Komoxo's value proposition to its customers based in China and around the world.

"We are pleased that Komoxo has chosen the advanced text-input technologies developed at Microsoft Research to expand its offerings around the world," said Horacio Gutierrez, vice president of Intellectual Property (IP) and Licensing at Microsoft. "We believe this agreement is a shining example of our commitment to enhancing consumer experience through IP collaboration and an important step in working more collaboratively with companies in China to help develop a more vibrant IT industry."

Komoxo specializes in multilingual comprehensive text technologies for mobile devices. The company provides a third-generation mobile text-input engine that supports about 40 languages, as well as a text-output engine called ScriptEasy for multilingual editing, laying out, rendering and scaling of text. Komoxo's biggest customers in China include Lenovo Mobile Communication Technology Ltd., Haier Group, Hisense, Benephon, TCL Corp., Mediatek Inc., Spreadtrum Communications Inc. and Datang Mobile Communications Equipment Co. Ltd.

"We're very excited about this new collaboration with Microsoft," said Howard Wu, chairman of Komoxo. "We realized that by approaching Microsoft and working directly with Microsoft Research, we could integrate matured and leading text-input technologies with our own innovations in next-generation text-input products. Along with the popularity of touch-screen and reduced keypad mobile devices, consumers around the world deserve one-hand text-input solutions for their own mother language. We believe this new relationship with Microsoft will create a best-in-class solution in the industry. Komoxo's third-generation text-input engine is designed for next-generation mobile terminals, which are adopting touch-screen and reduced keypad schemes now more than ever."

Microsoft's Commitment to Licensing Technology

The licensing agreement is another example of the important role IP plays in ensuring a healthy and vibrant IT ecosystem. Since Microsoft launched its IP licensing program in December 2003, the company has entered into more than 500 licensing agreements and continues to develop programs that make it possible for customers, partners and competitors to access its IP portfolio. The program was developed to open up access to Microsoft's significant research and development investments and its growing, broad patent and IP portfolio. Over the past two years, Microsoft has entered into similar agreements with Alpine Electronics Inc., Fuji Xerox Co. Ltd., Kenwood Corp., Kyocera Mita Corp., LG Electronics, NEC Corp., Nortel Networks, Novell Inc., Olympus Corp., Onkyo Corp., Samsung and Seiko Epson Corp.

More information about Microsoft's licensing programs is available at http://www.microsoft.com/ip.

About Komoxo

Komoxo is a mobile software company based in Beijing, China. Komoxo provides intelligent, comprehensive and high performance multilingual text processing product line for ODM and OEM customers, including multilingual text input engine for touch screen and reduced keypad devices, and ultra lightweight editing and layout engine, scalable font engine for language and scripts defined in Unicode standard.

About Microsoft

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

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

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

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