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SAN JOSE, Calif., July 17 /PRNewswire-FirstCall/ -- Bookham, Inc. today announced that it has begun supply of its TL8000 full-band tunable pluggable transceiver to Ciena(R) Corporation, the network specialist. Ciena plans to use this 10Gb/s module across its high-end switching and transmission systems including its CoreDirector(R) Multiservice Switch, CoreStream(R) Agility Optical Transport System and CN 4200(R) FlexSelect(TM) Advanced Services Platform for both core and metro network applications.

"We made the decision to use this next-generation footprint tunable pluggable module for our 10Gb/s transmission to provide our customers superior shelf density, pay-as-you-grow optical scalability and reduced hardware sparing," said James Zik, senior product marketing manager at Ciena. "The Bookham product offers Ciena the ability to achieve flexible, multi-reach 10Gb/s integration with removable line-side optics for enhanced service ability at lower cost points, as well as the ability to incorporate unforeseen future enhancements on a per-channel basis."

The LambdaFLEX(TM) TL8000 module utilizes fully Telcordia qualified Bookham components, including the Bookham tunable transmitter with indium phosphide Mach Zehnder (InP MZ) modulator and DSDBR wideband tunable laser. The TL8000 also includes the Bookham 10Gb/s Avalanche Photo Diode (APD) Receiver combined with cutting edge electronic dispersion compensation (EDC), which provides enhanced performance in low OSNR environments, and makes the product suitable for use across both long haul and metro links.

"The selection by Ciena is a real statement about the quality and maturity of our tunable pluggable technology," said Bookham VP Telecom Sales, Yves LeMaitre. "Our TL8000 makes the convergence of fullband tunability and faceplate pluggability a market reality, and achieves the ultimate component -- a 'universal' transceiver providing customers with new levels of flexibility, agility, performance and market differentiation.

"Bookham is now firmly established as the leader in tunable technology; we are seeing significant growth in market share with our iTLA (integrable Tunable Laser Assembly), and both our TTA (Tunable Transmitter Assembly) and TSFF (Tunable Small Form Factor Transponder) were industry firsts. The tunable pluggable transceiver now offers customers a third technology option for 10Gb/s optical transmission," concluded LeMaitre.

Bookham and Ciena will show the new device on the Bookham booth (#99) at the upcoming ECOC Exhibition in Brussels, September 22-24, 2008.

To further enhance the tunable pluggable portfolio, Bookham is developing tunable XFP-E, and XFP MSA standard devices, and other transceiver formats are under review.

For a high resolution version of the Bookham TL8000, please email gemma@bcspr.co.uk

About Bookham

Bookham, Inc. is a leading provider of high performance optical products, spanning from components to advanced subsystems. The company designs and manufactures a broad range of solutions tailored for the telecommunications optical infrastructure and selected markets, including industrial, life sciences, semiconductor, and scientific. The Company utilizes proprietary core technologies and a vertically integrated manufacturing organization to provide its customers with cost-effective and innovative devices, as well as flexible, scalable product delivery. Bookham is a global company, headquartered in San Jose, Calif., with leading edge chip fabrication facilities in the UK and Switzerland, and manufacturing sites in the US and China.

Bookham and all other Bookham, Inc. product names and slogans are trademarks or registered trademarks of Bookham, Inc. in the USA or other countries.

Bookham, Inc.

CONTACT: Julie Molloy of Bookham, Inc., +44 (0) 7967 223 448,
julie.molloy@bookham.com; or Howard Jones of BCS Public Relations,
+44 (0) 7980 772 285, howard@bcspr.co.uk, for Bookham, Inc.; or Nicole
Anderson of Ciena Corporation, +1-410-694-5786, nanderso@ciena.com

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

Pin for Pin, Micrel Gives Ethernet Customers Higher Throughput Than Ever BeforeNew Device Features Industry-First Fast Ethernet Controller with SPI Interface

SAN JOSE, Calif., July 17 /PRNewswire-FirstCall/ -- Micrel Inc., , an industry leader in analog, high bandwidth communications and Ethernet IC solutions, today launched the KSZ8851, a single-port embedded controller chip with 8/16/32-bit and SPI host interfaces. The high throughput device is pin compatible with Micrel's KSZ8841 and KSZ8842 product families and ideal for a wide variety of Ethernet applications in the IPSTB, VoIP, and Industrial Ethernet markets. The device will be available in production quantities in Q3 2008, and is priced at $4.00 for 1K quantities.

"With more than 250 Million ports shipped since 1999, Ethernet continues to require higher and higher throughput devices," noted Richard Bowers, Micrel's director of marketing for Ethernet. "Micrel's new KSZ8851 gives existing customers the industry's highest throughput embedded controller that also features Industry support for SPI interface (32-pin QFN) and a small package option for generic bus interface (48-pin LQFP)."

The KSZ8851 integrates a Fast Ethernet MAC/PHY with an 8/16/32-bit generic host processor interface and SPI interface. The device has 18KB of internal buffer memory shared between the RXQ and TXQ. The buffer memory on the receive queue is 12KB, while the buffer memory for the transmit queue is 6KB. Pin compatible with Micrel's existing KSZ8841MQL and KSZ8842MQL families, the device offers performance at 80Mbps or higher. The solution supports both Big-Endian and Little-Endian processors as well as IPv4/IPv6 checksum generation and checking. These features greatly reduce CPU usage and improve overall system performance. The KSZ8851 also gives designers an enhanced power management feature with energy detect mode, programmable IO options of 3.3V/2.5V/1.8V and an industrial temperature range of -40-degC to +85-degC. Finally, the device comes in a variety of package options including 128-pin PQFP, 48-pin LQFP and 32-pin QFN.

About Micrel, Inc.

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

Micrel Inc.

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

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

Avistar Communications Reports Financial Results for the Second Quarter of 2008Strategy Demonstrating Significant Sequential Quarterly Improvements as Revenue Increases 56%

SAN MATEO, Calif., July 17 /PRNewswire-FirstCall/ -- Avistar Communications Corporation , a video collaboration platform provider, today announced its financial results for the three month and six month periods ended June 30, 2008.

Given the financial and operating turnaround that is in progress, and the distortive impact of patent licensing settlements in 2007, important sequential quarter-to-quarter highlights include:

-- Total revenue, prepared in accordance with GAAP, was $1.8 million, as compared to $1.2 million for the quarter ended March 31, 2008, an increase of 56%.

-- Operating expense (research & development, sales & marketing and general and administrative) was $3.2 million for the second quarter, as compared to $5.1 million for the first quarter of 2008, an improvement of 37%.

-- Income from settlement and licensing activity, which management sees as a key component of the company's "top line" performance, was $1.1 million in both the second and first quarters of 2008.

-- Net income represented a loss of $1.6 million, or $(0.05) per basic and diluted share, as compared to a loss of $3.8 million, or $(0.11) per basic and diluted share recorded in the first quarter of 2008.

-- The cash and cash equivalent balance at June 30, 2008 was $5.7 million.

"This is the third quarter of sequential improvement in total costs and expenses and reflects the focus of management on improving operational productivities," said Bob Habig, Avistar's Chief Financial Officer. "The second quarter also posted an adjusted EBITDA (a key metric being used by the management team as a measurement of our turnaround progress) of a $1.2 million loss, an improvement of 66% over the first quarter of 2008, and a positive trend from the second half of last year."

"Progress in the Avistar turnaround was dramatic during the second quarter of 2008, with a significant reduction in our costs translating into huge increases in staff efficiency and financial productivity," said Simon Moss, Avistar's CEO. "At the same time, we increased our revenue over the first quarter by more than 50%, and now have in place an efficient organization that is ready to leverage top-line growth. As further evidence of this capacity, we nearly doubled our product bookings in the second quarter as compared to the first quarter of 2008, posting the third best result in the last five years."

Mr. Moss continued, "A year-to-date comparison with 2007 results is the best demonstration of the challenge confronted by Avistar, and what I directed the new management team to address as its highest priority during the first part of 2008. As historical context, Avistar was building a cost base that counted on a continuation of the patent licensing deals that we were fortunate enough to accomplish in both the first and second quarter of 2007. To establish a cost structure more in line with a predictable revenue stream and to respond to Microsoft's challenge to our entire U.S. patent portfolio, we went through a painful set of cost reductions during the first quarter to moderate our cash burn. As we've previously communicated, we expect that improvements demonstrated in the second quarter will translate into a full year cost reduction of approximately 40% compared to 2007."

"Now we enter a new phase of our turn-around strategy. During the third quarter, we expect to see traction from the diversification of our Go-to-Market strategy through partnership agreements, technology licensing, continued sales momentum with a new, market-leading software-based product portfolio, and the establishment of an indirect channel of distributors and resellers -- something that the company had not pursued in the past. Over the last several months, we have signed 14 channel partners, and although we recognize that building a distributor and reseller channel does not produce instantaneous revenue results, we fully expect that this distribution approach will provide for highly leverage-able proceeds by year-end."

Other significant developments during the second quarter of 2008 included:

-- The U.S. Patent & Trademark Office (USPTO) rejected the majority of Microsoft's requests for the re-examination of our entire U.S. patent portfolio. The USPTO has historically accepted over 90% of all patent re-examination requests, whereas they have decided to re-review just 10 of our 29 U.S. patents. We have been informed that Microsoft has now asked the USPTO to reconsider its rejections of five re-examination requests.

-- The Nasdaq Listing Qualification Panel has granted Avistar an exception to its continued listing requirements in order to allow the company to demonstrate additional progress in its turn-around plan.

Mr. Moss continued, "We believe the last six months demonstrate the caliber of our team, and our focus on addressing the challenges we face. We are now focused on top-line growth, anticipating significant leverage from the structural adjustments that we have accomplished."

"We will be conducting a conference call later today, the first in several years, and encourage our investors to participate and find out more about our performance and prospects," Mr. Moss concluded.

To participate in the conference call, which begins at 1:00 pm EDT on Thursday, July 17, investors should dial toll-free 877.604.9673. Investors may also access a live audio webcast of this conference call through the Investor Relations section of the Company's website at http://investor.shareholder.com/avistar/events.cfm. A transcript will be available following the call at the above web address.

About Avistar Communications Corporation

Avistar creates technology that provides the missing critical element in unified communications: bringing people in organizations face-to-face, through enhanced communications, for true collaboration anytime, anyplace. Its latest product, Avistar C3, draws on over a decade of market experience to deliver a single-click desktop videoconferencing and collaboration experience that moves business communications into a new era. Available as a stand-alone solution, or integrated with existing unified communications software from other vendors, Avistar C3 users gain instant messaging-style ability to initiate video communications across and outside the enterprise. Patented bandwidth management enables thousands of users to access desktop videoconferencing, Voice over IP (VoIP) and streaming media, without requiring substantial new network investment or impairing network performance.

Avistar's desktop videoconferencing and collaboration installations are among the world's largest, including more than 18,000 seats sold in more than 40 countries. Clients report as much as a 20 percent reduction in travel expense and carbon emissions, increases in productivity, and immeasurably improved relationship building within their organizations, as well as with suppliers and customers. Avistar holds a portfolio of 80 patents for inventions in video and network technology and licenses IP to videoconferencing, rich-media services, public networking and related industries. Current licensees include Sony Corporation, Sony Computer Entertainment Inc. (SCEI), Polycom, Inc., Tandberg ASA, Radvision Ltd. and Emblaze-VCON. For more information, visit http://www.avistar.com/.

Forward Looking Statements

Statements made in this news release that are not purely historical, including but not limited to statements regarding the efficiency of Avistar's organization, its ability to achieve and leverage top line growth, its ability to establish a cost structure in line with predictable revenues, continued reductions in Avistar's operating costs, diversification of Avistar's go-to-market strategy, the establishment of partnership agreements and indirect distribution channels, and the benefits of such marketing and sales strategies on Avistar's ability to remain listed on the Nasdaq Stock Market are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including such factors, among others, as Avistar's lengthy sales cycle, volatility associated with Avistar's sales and licensing activities, market acceptance of Avistar's products, increased competition in the market for unified communications, technical challenges associated with product development, ongoing technological developments and changing industry standards, and challenges associated with protecting and licensing Avistar's intellectual property. As a result of these and other factors, Avistar expects to experience significant fluctuations in revenue and operating results, and there can be no assurance that Avistar will become or remain profitable in the future, or that its future results will meet expectations. These and other risk factors are discussed in Avistar's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission from time to time. Avistar disclaims any intent or obligation to update these forward-looking statements.

~ financial statements follow ~

AVISTAR COMMUNICATIONS CORPORATION AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS for the three and six months ended June 30, 2008 and 2007 (in thousands, except per share data) Three Months Six Months Ended Ended June 30, June 30, 2008 2007 2008 2007 (unaudited) (unaudited) Revenue: Product $553 $704 $802 $1,962 Licensing 153 4,321 307 4,553 Services, maintenance and support 1,084 873 1,832 1,775 Total revenue 1,790 5,898 2,941 8,290 Costs and expenses: Cost of product revenue* 565 711 924 1,440 Cost of services, maintenance and support revenue* 603 571 1,122 1,247 Income from settlement and patent licensing (1,057) (1,057) (2,114) (14,114) Research and development* 959 1,840 2,810 3,497 Sales and marketing* 789 1,547 2,118 3,036 General and administrative* 1,436 1,948 3,314 8,411 Total costs and expenses 3,295 5,560 8,174 3,517 (Loss) income from operations (1,505) 338 (5,233) 4,773 Other (expense) income: Interest income 21 101 67 214 Other expense, net (128) (51) (213) (106) Total other (expense) income, net (107) 50 (146) 108 Net (loss) income $(1,612) $388 $(5,379) $4,881 Net (loss) income per share $(0.05) $0.01 $(0.16) $0.14 Weighted average shares used in calculating Basic net (loss) income per share 34,547 34,230 34,538 34,166 Diluted net (loss) income per share 34,547 35,008 34,538 35,072 *Including stock based compensation of: Cost of products, services, maintenance and support revenue $19 $53 $26 $113 Research and development 88 180 151 384 Sales and marketing (60) 108 (96) 293 General and administrative 156 235 269 468 $203 $576 $350 $1,258 AVISTAR COMMUNICATIONS CORPORATION AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS as of June 30, 2008 and December 31, 2007 (in thousands, except share and per share data) June 30, December 31, 2008 2007 (unaudited) Assets: Current assets: Cash and cash equivalents $5,747 $4,077 Marketable securities - 799 Total cash, cash equivalents and marketable securities 5,747 4,876 Accounts receivable, net of allowance for doubtful accounts of $21 and $24 at June 30, 2008 and December 31, 2007, respectively 1,115 1,385 Inventories 458 428 Deferred settlement and patent licensing costs 1,256 1,256 Prepaid expenses and other current assets 394 462 Total current assets 8,970 8,407 Property and equipment, net 526 767 Long-term deferred settlement and patent licensing costs 481 1,117 Other assets 205 286 Total assets $10,182 $10,577 Liabilities and Stockholders' Equity (Deficit): Current liabilities: Line of credit $7,000 $5,100 Accounts payable 581 1,287 Deferred income from settlement and patent licensing 5,520 5,520 Deferred services revenue and customer deposits 1,302 2,231 Accrued liabilities and other 1,591 1,451 Total current liabilities 15,994 15,589 Long-term liabilities: Long-term convertible debt 7,000 - Long-term deferred income from settlement and patent licensing and other 1,987 4,814 Total liabilities 24,981 20,403 Stockholders' equity (deficit): Common stock, $0.001 par value; 250,000,000 shares authorized at June 30, 2008 and December 31, 2007; 35,730,014 and 35,678,807 shares issued including treasury shares at June 30, 2008 and December 31, 2007, respectively 36 36 Less: treasury common stock, 1,182,875 shares at June 30, 2008 and December 31, 2007, respectively, at cost (53) (53) Additional paid-in-capital 96,331 95,925 Accumulated deficit (111,113) (105,734) Total stockholders' equity (deficit) (14,799) (9,826) Total liabilities and stockholders' equity (deficit) $10,182 $10,577 AVISTAR COMMUNICATIONS CORPORATION AND SUBSIDIARY THREE AND SIX MONTHS ENDED JUNE 30, 2008 FINANCIAL RESULTS: RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES (in thousands) Reconciliation of Net (Loss) Income to Adjusted EBITDA Three Months Ended June 30, 2008 2007 (unaudited) Net (loss) income $(1,612) $388 Interest income (21) (101) Other (expense) income, net 128 51 Depreciation 137 98 EBITDA (1,368) 436 Stock-based compensation expense 203 576 Adjusted EBITDA $(1,165) $1,012 Six Months Ended June 30, 2008 2007 (unaudited) Net (loss) income $(5,379) $4,881 Interest income (67) (214) Other (expense) income, net 213 106 Depreciation 268 148 EBITDA (4,965) 4,921 Stock-based compensation expense 350 1,258 Adjusted EBITDA $(4,615) $6,179 AVISTAR COMMUNICATIONS CORPORATION AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS for the six months ended June 30, 2008 and 2007 (in thousands) Six Months Ended June 30, 2008 2007 (unaudited) Cash Flows from Operating Activities: Net (loss) income $(5,379) $4,881 Adjustments to reconcile net (loss) income to net cash used in operating activities: Depreciation 268 148 Stock based compensation for options issued to consultants and employees 350 1,258 Provision for doubtful accounts (3) 2 Changes in assets and liabilities: Accounts receivable 273 305 Inventories (30) 153 Prepaid expenses and other current assets 68 81 Deferred settlement and patent licensing costs 636 637 Other assets 81 (2) Accounts payable (706) (440) Deferred income from settlement and patent licensing and other (2,827) (2,744) Deferred services revenue and customer deposits (929) (1,118) Accrued liabilities and other 140 (698) Net cash (used in) provided by operating activities (8,058) 2,463 Cash Flows from Investing Activities: Maturities of short-term marketable securities 799 - Sale of property and equipment 8 - Purchase of property and equipment (35) (475) Net cash provided by (used in) investing activities 772 (475) Cash Flows from Financing Activities: Line of credit payments (5,100) - Borrowings on line of credit 7,000 - Proceeds from debt issuance 7,000 - Net proceeds from issuance of common stock 56 296 Net cash provided by financing activities 8,956 296 Net increase in cash and cash equivalents 1,670 2,284 Cash and cash equivalents, beginning of year 4,077 7,854 Cash and cash equivalents, end of period $5,747 $10,138

Avistar Communications Corporation

CONTACT: Robert J. Habig of Avistar Communications Corporation,
+1-650-525-3310, ir@avistar.com

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

Nokia Q2 2008 Net Sales EUR 13.2 Billion, EPS EUR 0.36 excl. Special Items (Reported EPS EUR 0.29)Market Share Gains and Strong Profitability Drive EPS Growth (Excluding Special Items)

HELSINKI, Finland, July 17 /PRNewswire-FirstCall/ -- Nokia Corporation

Interim report July 17, 2008 at 13.00 (CET +1)

The complete press release with tables is available at http://www.nokia.com/results/results2008Q2e.pdf.

NOKIA SECOND QUARTER 2008 OPERATING RESULTS SUMMARY Reported & Excluding Special Items(1, 2) EUR million Q2/2008 Q2/2007 YoY Change Q1/2008 QoQ Change Net sales - reported 13 151 12 587 4% 12 660 4% Devices & Services 9 090 9 163 -1% 9 263 -2% Nokia Siemens Networks 4 067 3 438 18% 3 401 20% Group operating profit - reported 1 474 2 359 -38% 1 531 -4% Group operating profit - excluding special items (1, 2) 1 934 1 393 39% 1 864 4% Group operating margin - excluding special items (1, 2) 14.7% 11.1% 14.7% Devices & Services operating profit - reported 1 565 1 779 -12% 1 883 -17% D&S operating profit - excluding special items(1) 1 824 1 779 3% 1 964 -7% D&S operating margin - excluding special items(1) 20.1% 19.4% 21.2% Nokia Siemens Networks operating profit - reported -47 -1 266 -74 NSN operating profit - excluding special items(1, 2) 154 -361 -39 NSN operating margin - excluding special items(1, 2) 3.8% -10.5% -1.1% Group Common Functions - reported -44 1 846 -278 Group Common Functions - excluding special items(1) -44 -25 -61 Net Profit - reported 1 103 2 828 -61% 1 222 -10% Net Profit - excluding special items(1, 2) 1 365 1 259 8% 1 451 -6% EPS, EUR Diluted - reported 0.29 0.72 -60% 0.32 -9% EPS, EUR Diluted - excluding special items(1, 2) 0.36 0.32 13% 0.38 -5% Note 1 to table relating to figures excluding special items: Q2 2008 special items

- EUR 259 million of charges related to closure of the Bochum site in Germany (impacting Devices & Services operating profit).

- EUR 201 million restructuring charge and other one time items (impacting Nokia Siemens Networks operating profit).

Please see "Q2 2007 special items" of net positive EUR 966 million, and "Q1 2008 special items" of net negative EUR 333 million, on page 11 in this press release for a description of the special items for those quarters.

Note 2 to table relating to Nokia Group operating profit, Nokia Siemens Networks operating profit and Nokia EPS, both reported and excluding special items, and Nokia Group operating margin and Nokia Siemens Networks operating margin, excluding special items:

In addition to the special items, Nokia Siemens Networks reported operating profit in Q2 2008 included EUR 120 million of intangible asset amortization and other purchase price accounting related items arising from the formation of Nokia Siemens Networks; Q2 2007 included a total of EUR 297 million of intangible asset amortization, other purchase price accounting related items and inventory value adjustments arising from the formation of Nokia Siemens Networks; and Q1 2008 included EUR 120 million of intangible asset amortization and other purchase price accounting related items arising from the formation of Nokia Siemens Networks.

EPS excluding special items, intangible asset amortization and other purchase price accounting related items arising from the formation of Nokia Siemens Networks was EUR 0.37 in Q2 2008; EUR 0.35 in Q2 2007 (also excluding inventory value adjustments); and EUR 0.39 in Q1 2008.

SECOND QUARTER 2008 HIGHLIGHTS - Nokia net sales of EUR 13.2 billion, up 4% year on year and up 4% sequentially (up 11% and 7% at constant currency). - Devices & Services net sales of EUR 9.1 billion, down 1% year on year and down 2% sequentially (up 6% and 1% at constant currency). - Nokia Siemens Networks net sales of EUR 4.1 billion, up 18% year on year and up 20% sequentially (up 26% and 23% at constant currency). - Services and software net sales of EUR 119 million, up 42% sequentially. - Nokia diluted EPS of EUR 0.36, up 13% year on year, excluding special items. - Nokia operating margin of 14.7%, up from 11.1% in Q2 2007 and flat sequentially, excluding special items. - Devices & Services operating margin of 20.1%, up from 19.4% in Q2 2007 and down sequentially from 21.2%, excluding special items. - Nokia Siemens Networks operating margin of 3.8%, excluding special items, and 6.7%, excluding special items and purchase price accounting related items arising from the formation of Nokia Siemens Networks. - Nokia operating cash flow of EUR 1.5 billion. - Estimated industry mobile device volumes of 303 million units, up 15% year on year and up 3% sequentially. - Nokia mobile device volumes of 122 million units, up 21% year on year and up 6% sequentially. - Nokia estimated mobile device market share of 40%, up from 38% in Q2 2007 and up from 39% sequentially. - Nokia mobile device ASP of EUR 74, down sequentially from EUR 79 (approximately 40% of the decline was caused by the impact of exchange rate movements). OLLI-PEKKA KALLASVUO, NOKIA CEO:

"Nokia delivered increased device market share and strong underlying profitability in the quarter. Looking at the rest of the year, we are optimistic and have had good feedback about the broad range of new products we expect to sell in our device business. In the second quarter we saw good momentum in the early stages of our services and software business, and we believe that the next wave of growth will be driven by devices linked with services. On the infrastructure side, Nokia Siemens Networks delivered a second quarter with good net sales growth and improved profitability."

INDUSTRY AND NOKIA OUTLOOK - Nokia expects industry mobile device volumes in the third quarter 2008 to be up sequentially. - Nokia expects its mobile device market share in the third quarter 2008 to be approximately at the same level sequentially. - Nokia now expects industry mobile device volumes in 2008 to grow 10% or more from the approximately 1.14 billion units Nokia estimated for 2007. This is an update to Nokia's earlier estimation that industry mobile device volumes would grow approximately 10% in 2008. - Nokia continues to target an increase in its market share in mobile devices in 2008. - Nokia and Nokia Siemens Networks continue to target for Nokia Siemens Networks market share to remain constant in 2008, compared to 2007. - Nokia and Nokia Siemens Networks continue to expect the mobile infrastructure and fixed infrastructure and related services market to be flat in Euro terms in 2008, compared to 2007. - Nokia and Nokia Siemens Networks continued cost synergy target for Nokia Siemens Networks is to achieve substantially all of the EUR 2.0 billion of targeted annual cost synergies by the end of 2008, as previously announced. OUTLOOK FOR FINANCIAL IMPACT OF NAVTEQ

Nokia expects NAVTEQ to be slightly dilutive to EPS in 2008, approximately neutral in 2009 and accretive thereafter, excluding purchase price accounting related items arising from the NAVTEQ acquisition. On a reported basis, Nokia expects NAVTEQ to be slightly dilutive to EPS in 2008, 2009 and 2010, and accretive thereafter. Nokia currently expects to recognize approximately EUR 2 billion of intangibles related primarily to the navigable map database and customer relationships. We expect these intangibles to be amortized over approximately five years. Net of deferred taxes, we expect the impact on our Consolidated Profit and Loss Account of the purchase price accounting related items arising from the NAVTEQ acquisition to be approximately EUR 250 million on an annual basis.

Q2 2008 FINANCIAL HIGHLIGHTS

(Comparisons are given to the second quarter 2007 results, unless otherwise indicated.)

Nokia Group

Nokia's second quarter 2008 net sales increased 4% to EUR 13.2 billion, compared with EUR 12.6 billion in the second quarter 2007. At constant currency, group net sales would have increased 11% year on year and 7% sequentially.

The following chart sets out the year on year and sequential growth rates in our net sales on a reported basis and at constant currency for the periods indicated.

NOKIA SECOND QUARTER 2008 NET SALES Reported & Constant Currency(1) Q2/2008 vs. Q2/2007 Q2/2008 vs. Q1/2008 Change Change Group net sales - reported 4% 4% Group net sales - constant currency(1) 11% 7% Devices & Services net sales - reported -1% -2% Devices & Services net sales - constant currency(1) 6% 1% Nokia Siemens Networks net sales - reported 18% 20% Nokia Siemens Networks net sales - constant currency(1) 26% 23% Note 1 to table relating to net sales figures at constant currency:

Change in net sales at constant currency excludes the impact of changes in exchange rates in comparison to the Euro, our reporting currency

Nokia's second quarter 2008 reported operating profit decreased 38% to EUR 1.5 billion (including the EUR 460 million negative impact of special items), compared with EUR 2.4 billion in the second quarter 2007 (including the EUR 966 million net positive impact of special items). The special items for the second quarter 2008 included EUR 259 million of charges related to the closure of the Bochum site in Germany (impacting Devices & Services operating profit) and a restructuring charge and other one time items of EUR 201 million (impacting Nokia Siemens Networks operating profit). The special items for the second quarter 2007 included a EUR 1 879 million gain on the formation of Nokia Siemens Networks (impacting Group Common Functions operating result); EUR 905 million restructuring charges and other one-time items in Nokia Siemens Networks (impacting Nokia Siemens Networks operating profit); a EUR 15 million gain on sale of real estate (impacting Group Common Functions operating result); and EUR 23 million Nokia Siemens Networks related other costs (impacting Group Common Functions operating result). Nokia's second quarter 2008 reported operating margin was 11.2% (18.7%), including the EUR 460 million negative impact of the special items. Excluding the special items, Nokia's second quarter 2008 operating margin was 14.7% (11.1%).

Operating cash flow for the second quarter 2008 was EUR 1.5 billion, compared with EUR 1.5 billion for the second quarter 2007, and total combined cash and other liquid assets were EUR 8.0 billion at June 30, 2008, compared with EUR 11.8 billion at December 31, 2007. At June 30, 2008, our net debt-equity ratio (gearing) was -46%, compared with -61% at December 31, 2007.

Devices & Services

In the second quarter 2008, the total mobile device volume of our Devices & Services group reached 122 million units, representing 21% year on year growth and a 6% sequential increase. The overall industry mobile device volume for the same period reached 303 million units based on Nokia's estimate, representing 15% year on year growth and a 3% sequential increase.

Of the total industry mobile device volumes, converged mobile device industry volumes in the second quarter 2008 increased to 37.1 million units, based on Nokia's estimate, compared with an estimated 27.0 million units in the second quarter 2007. Our own converged mobile device volumes rose to 15.3 million units in the second quarter 2008, compared with 13.9 million units in the second quarter 2007. We shipped over 10 million Nokia Nseries and almost 2 million Nokia Eseries devices during the second quarter 2008.

The following chart sets out our mobile device volumes for the periods indicated, as well as the year on year and sequential growth rates, by geographic area.

NOKIA MOBILE DEVICE VOLUME BY GEOGRAPHIC AREA (million units) Q2/2008 Q2/2007 YoY Change Q1/2008 QoQ Change Europe 27.1 27.1 0.0% 25.7 5.4% Middle East & Africa 21.1 17.1 23.4% 20.2 4.5% Greater China 17.6 15.9 10.7% 21.0 -16.2% Asia-Pacific 36.4 25.6 42.2% 34.1 6.7% North America 4.5 4.1 9.8% 2.6 73.1% Latin America 15.3 11.0 39.1% 11.9 28.6% Total 122.0 100.8 21.0% 115.5 5.6%

Based on our preliminary market estimate, Nokia's market share for the second quarter 2008 was 40%, compared with 38% in the second quarter 2007 and 39% in the first quarter 2008. Our year on year market share increase was driven primarily by our strong position in the fastest growing markets globally and by strong share gains in Latin America, Asia-Pacific and a slight increase in North America. Our market share decreased year on year in Middle East & Africa, Greater China and Europe. We had sequential market share gains in North America, Europe, Middle East & Africa and Asia Pacific. Our market share decreased sequentially in Greater China and to a lesser extent in Latin America.

Our mobile device average selling price (ASP) in the second quarter 2008 was EUR 74, down from EUR 90 in the second quarter 2007 and down from EUR 79 in the first quarter 2008. The lower year on year and sequential ASP was primarily due to a higher proportion of lower priced products and the negative impact of the weaker US dollar. Approximately 30% of the year on year decline and approximately 40% of the sequential decline in ASP was caused by the impact of changes in exchange rates. Starting from the first quarter 2008, our mobile device ASP excludes net sales from our services and software business. Prior periods have been reclassified for comparison purposes.

Second quarter 2008 Devices & Services net sales declined 1% to EUR 9.1 billion, compared with EUR 9.2 billion in the second quarter 2007. At constant currency, Devices & Services net sales would have increased 6%. Strong overall volume growth was offset by an ASP decline, driven primarily by a higher proportion of lower end devices and the negative impact of the weaker US dollar on net sales in the second quarter 2008, compared to the second quarter 2007.

Net sales year on year growth was strongest in Latin America, followed by Asia-Pacific and Middle East & Africa. Net sales were down in Europe, North America and Greater China year on year. Of our total Devices & Services net sales, services and software net sales were EUR 119 million in the second quarter 2008, up from EUR 84 million in the first quarter 2008.

Devices & Services gross profit decreased 3% to EUR 3.3 billion, compared with EUR 3.4 billion in the second quarter 2007, with a gross margin of 36.1% (36.7%). The year on year gross margin decrease was primarily due to a higher proportion of sales of lower end devices, a lower proportion of new high-end devices shipping in volumes, and a mix shift of sales to lower margin regions during the second quarter 2008.

Devices & Services reported operating profit decreased 12% to EUR 1.6 billion (including the negative impact of the EUR 259 million special item), compared with EUR 1.8 billion in the second quarter 2007, with a reported operating margin of 17.2% (19.4%). Second quarter 2008 reported operating profit included EUR 259 million of charges related to the closure of the Bochum site in Germany. The 3% year on year increase in operating profit for the second quarter 2008, excluding the special item, was driven primarily by effective operating expenses control partially offset by a decrease in gross margin, compared to the second quarter 2007. Excluding the special item, Devices & Services second quarter 2008 operating margin was 20.1% (19.4%).

Nokia Siemens Networks

Second quarter 2008 net sales increased 18% to EUR 4.1 billion, compared with EUR 3.4 billion in the second quarter 2007. At constant currency, Nokia Siemens Networks net sales would have increased 26%. Net sales year on year growth was strongest in Latin America, followed by Middle East & Africa, Greater China and Europe. Net sales were down in Asia-Pacific and North America. The higher year on year net sales primarily reflected the favorable comparison to the second quarter 2007, which was negatively impacted by challenges related to the start of operations of Nokia Siemens Networks, which commenced on April 1, 2007.

The following chart sets out Nokia Siemens Networks net sales for the periods indicated, as well as the year on year and sequential growth rates, by geographic area.

NOKIA SIEMENS NETWORKS NET SALES BY GEOGRAPHIC AREA EUR million Q2/2008 Q2/2007 YoY Change Q1/2008 QoQ Change Europe 1 412 1 186 19.1% 1 212 16.5% Middle East & Africa 553 369 49.9% 448 23.4% Greater China 413 294 40.5% 269 53.5% Asia-Pacific 1 076 1 183 -9.0% 944 14.0% North America 158 164 -3.7% 192 -17.7% Latin America 455 242 88.0% 336 35.4% Total 4 067 3 438 18.3% 3 401 19.6%

Nokia Siemens Networks gross profit increased 114% to EUR 1.1 billion, compared with EUR 534 million in the second quarter 2007, with a gross margin of 28.2% (15.5%). The increase in gross profit in the second quarter 2008 resulted primarily from the favorable comparison to the second quarter 2007, which had significant costs associated with restructuring charges, other special items and inventory value adjustments related to the start of operations of Nokia Siemens Networks.

Nokia Siemens Networks had a second quarter reported operating loss of EUR 47 million (including the negative impact of EUR 201 million in special items), compared with a reported operating loss of EUR 1.3 billion in the second quarter 2007 (including the negative impact of EUR 905 million in special items), with a reported operating margin of -1.2% (-36.8%). The reported second quarter 2008 operating loss included a restructuring charge and other one time items of EUR 201 million. The reported second quarter 2007 operating profit included a charge of EUR 905 million related to Nokia Siemens Networks restructuring costs and other one time charges. The operating margin for the second quarter 2008, excluding these special items, was 3.8% (-10.5%).

The operating profit in the second quarter 2008, both reported and excluding special items, also included EUR 120 million of intangible asset amortization and other purchase price accounting related items arising from the formation of Nokia Siemens Networks. Second quarter 2008 operating margin was a positive 6.7%, excluding both the special items and the purchase price accounting related items arising from the formation of Nokia Siemens Networks. The operating profit in the second quarter 2007, both reported and excluding special items, also included EUR 297 million of purchase price accounting related items arising from the formation of Nokia Siemens Networks (EUR 115 million) and inventory value adjustments (EUR 182 million). Second quarter 2007 operating margin was -2%, excluding both the special items, the purchase price accounting related items and the inventory value adjustments arising from the formation of Nokia Siemens Networks. The year on year improvement in operating profit, excluding both the special items, the purchase price accounting related items and the inventory value adjustments arising from the formation of Nokia Siemens Networks, reflected the higher net sales, improved gross margin and lower operating expenses. Nokia Siemens Networks continued to be on track to deliver the annual EUR 2 billion cost synergy target as previously announced.

Q2 2008 OPERATING HIGHLIGHTS Nokia - Nokia announced plans to acquire Symbian Limited, the UK based software company that develops and licenses Symbian OS, the leading converged device software. - Nokia and nine other industry leaders announced plans to establish the Symbian Foundation to manage and unify the platform, to license it on a royalty-free basis and ultimately to make it available as an open source platform within two years. To date, more than 30 industry leading companies have announced their support for the initiative and intent to join. - Nokia announced that it had completed its acquisition of Trolltech ASA, a recognized software provider with world-class software development platforms and frameworks. Devices - The Nokia E71 and Nokia E66, optimized for email, were announced in June. These devices support email accounts from more than 1,000 ISPs around the world, including Gmail, Yahoo! mail and Hotmail. Additionally, the Nokia E71 and Nokia E66 support corporate email solutions, including Microsoft Exchange, Nokia Intellisync Wireless Email solution, SYSTEM Seven and Visto Mobile email. The Nokia E71 also began shipping during the quarter. - Two other key products, the Nokia N78 and Nokia 6220, also began shipping during the quarter. - As part of our renewed strategy for North America, we announced the Nokia 6205 exclusively with Verizon in June. The Nokia 6205 is scheduled to begin shipping in July. - In April, Nokia unveiled a new range of mobile devices specifically for entry markets, highlighted by the Nokia 5000, our first mega-pixel device priced at under EUR 100. All of these devices offer support for email. - In June, Nokia unveiled our latest collection of style-driven devices, the Supernova collection. The flagship model of the collection, the Nokia 7610 Supernova, is available in a range of exchangeable color covers. Services & Software - Sony BMG Music Entertainment signed up to support Nokia Comes With Music, with the top three music labels -- Universal Music Group International, Warner Music Group and Sony BMG Music Entertainment -- now committed to this service concept. - The Nokia Music Store opened in Australia, France, Italy, the Netherlands, Singapore and Sweden, bringing to 10 the total number of stores opened by the end of the second quarter. - The N-Gage mobile games service became commercially available. The service allows consumers to try all N-Gage games for free from any one of the tens of millions of compatible Nokia devices in the market. - Nokia Maps 2.0 - our next generation location based service - was released and downloaded over 406 000 times during the quarter. - Nokia announced the acquisition of Plazes AG, to help Nokia to accelerate its vision of bringing people and places closer together, in line with our broader services strategy. Nokia Siemens Networks - Nokia Siemens Networks signed a multi-year managed services network operations agreement with Embarq Corporation in the United States. Nokia Siemens Networks also won a consulting contract with China Mobile Group Beijing Ltd to improve the operator's user experience. - Nokia Siemens Networks demonstrated its Internet High Speed Packet Access (I-HSPA) solution with the world's fastest data call using a mobile device in a test with Mobilkom Austria, in which data speeds reached 10.1 Mbps. - Nokia Siemens Networks launched the industry's first DWDM single optical platform serving Metro to Core and added internet access to its Village Connection solution. - Nokia Siemens Networks won contracts with Celcom in Malaysia, Tusmobil in Slovenia, TIM in Brazil, Zain in Iraq, DTAC in Thailand and both Indosat and Telkomsel in Indonesia. - Nokia Siemens Networks signed contracts for Mobile TV services with Swisscom (in partnership with Nokia) and SingTel in Singapore. It also signed a contract with T-Mobile Austria for its subscriber data management solution, which allows the operator to manage its customers' experience more proactively. - In May, a consortium led by Nokia Siemens Networks launched a commercial hosted mobile broadband service throughout Thalys' high-speed European rail network. Nokia Siemens Networks also concluded deals with GSM-Railway in India and Europe.

For more information on the operating highlights mentioned above, please refer to related press announcements at the following links: http://www.nokia.com/press and http://www.nokiasiemensnetworks.com/press.

NOKIA IN THE SECOND QUARTER 2008

(International Financial Reporting Standards (IFRS) comparisons given to the second quarter 2007 results, unless otherwise indicated.)

As of January 1, 2008, our three mobile device business groups, Mobile Phones, Multimedia and Enterprise Solutions, and the supporting horizontal groups were replaced by an integrated business segment, Devices & Services. Prior period results for Nokia and its reportable segments have been regrouped for comparability purposes according to the new reportable segments (on an unaudited basis). Devices & Services has three business units, Devices, Services & Software and Markets, supported by a Corporate Development Office. Link to regrouped 2007 financials: http://www.nokia.com/investors.

Nokia's net sales increased 4% to EUR 13 151 million (EUR 12 587 million). Net sales of Devices & Services decreased 1% to EUR 9 090 million (EUR 9 163 million). Net sales of Nokia Siemens Networks increased 18% to EUR 4 067 million (EUR 3 438 million).

Reported operating profit decreased 38% to EUR 1 474 million (EUR 2 359 million), representing a reported operating margin of 11.2% (18.7%). Reported operating profit in Devices & Services decreased 12% to

EUR 1 565 million (EUR 1 779 million), representing a reported operating margin of 17.2% (19.4%). The reported operating loss in Nokia Siemens Networks was EUR 47 million (loss of EUR 1 266 million), representing an operating margin of -1.2% (-36.8%). Group Common Functions expenses totaled EUR 44 million (positive EUR 1 846 million).

Financial income was EUR 3 million (EUR 60 million). Reported Profit before tax and minority interests was EUR 1 477 million (EUR 2 446 million). Reported net profit totaled EUR 1 103 million (EUR 2 828 million). Reported earnings per share decreased to EUR 0.29 (basic) and to EUR 0.29 (diluted), compared to EUR 0.72 (basic) and EUR 0.72 (diluted) in the second quarter 2007. Earnings per share, excluding special items, increased to EUR 0.36 (diluted), compared to EUR 0.32 (diluted) in the second quarter 2007.

NOKIA IN JANUARY - JUNE 2008

(International Financial Reporting Standards (IFRS) comparisons given to the January-June 2007 results, unless otherwise indicated.)

As of April 1, 2007, Nokia results include those of Nokia Siemens Networks on a fully consolidated basis. Nokia Siemens Networks, a company jointly owned by Nokia and Siemens, is comprised of the former Nokia Networks and Siemens' carrier-related operations for fixed and mobile networks. Accordingly, the results of Nokia Group and Nokia Siemens Networks for periods from April 1, 2007 are not directly comparable to any prior period results. Prior periods include the former Nokia Networks business group only.

Nokia's net sales increased 15% to EUR 25 811 million (EUR 22 443 million). Net sales of Devices & Services increased 6% to EUR 18 353 million (EUR 17 326 million). Net sales of Nokia Siemens Networks were EUR 7 468 million (EUR 5 135 million).

Reported operating profit decreased to EUR 3 005 million (EUR 3 631 million), representing a reported operating margin of 11.6% (16.2%). Reported operating profit in Devices & Services increased 14% to EUR 3 448 million (EUR 3 031 million), representing a reported operating margin of 18.8% (17.5%). Reported operating loss in Nokia Siemens Networks was EUR 121 million (EUR 1 188 million), representing a reported operating margin of -1.6% (-23.1%). Group Common Functions reported expenses totaled EUR 322 million (positive EUR 1 788 million, including a gain of EUR 1 879 million on the formation of Nokia Siemens Networks).

In the period from January to June 2008, net financial income was EUR 71 million (EUR 108 million). Reported profit before tax and minority interests was EUR 3 084 million (EUR 3 771 million). Reported net profit totaled EUR 2 325 million (EUR 3 807 million). Reported earnings per share decreased to EUR 0.61 (basic) and to EUR 0.61 (diluted), compared with EUR 0.97 (basic) and EUR 0.96 (diluted) in the first six months of 2007. Earnings per share, excluding special items, increased to EUR 0.74 EUR (diluted), compared to EUR 0.58 (diluted) in the first six months of 2007.

PERSONNEL

The average number of employees during January-June 2008 was 115 786. At June 30, 2008, we employed a total of 117 212 people (112 262 people at December 31, 2007).

The total number of Nokia shares at June 30, 2008 was 3 800 415 410. At June 30, 2008, Nokia and its subsidiary companies owned 90 255 504 Nokia shares, representing approximately 2.4% of the total number of Nokia shares and the total voting rights.

The complete press release with tables is available at http://www.nokia.com/results/results2008Q2e.pdf.

FORWARD-LOOKING STATEMENTS

It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding: A) the timing of product, services and solution deliveries; B) our ability to develop, implement and commercialize new products, services, solutions and technologies; C) expectations regarding market growth, developments and structural changes; D) expectations regarding our mobile device volume growth, market share, prices and margins; E) expectations and targets for our results of operations; F) the outcome of pending and threatened litigation; G) expectations regarding the successful completion of contemplated acquisitions on a timely basis and our ability to achieve the set targets upon the completion of such acquisitions; and H) statements preceded by "believe," "expect," "anticipate," "foresee," "target," "estimate," "designed," "plans," "will" or similar expressions are forward-looking statements. These statements are based on management's best assumptions and beliefs in light of the information currently available to it. Because they involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors that could cause these differences include, but are not limited to: 1) competitiveness of our product, service and solutions portfolio; 2) the extent of the growth of the mobile communications industry and general economic conditions globally; 3) the growth and profitability of the new market segments that we target and our ability to successfully develop or acquire and market products, services and solutions in those segments; 4) our ability to successfully manage costs; 5) the intensity of competition in the mobile communications industry and our ability to maintain or improve our market position or respond successfully to changes in the competitive landscape; 6) the impact of changes in technology and our ability to develop or otherwise acquire complex technologies as required by the market, with full rights needed to use; 7) timely and successful commercialization of complex technologies as new advanced products, services and solutions; 8) our ability to protect the complex technologies, which we or others develop or that we license, from claims that we have infringed third parties' intellectual property rights, as well as our unrestricted use on commercially acceptable terms of certain technologies in our products, services and solution offerings; 9) our ability to protect numerous Nokia and Nokia Siemens Networks patented, standardized or proprietary technologies from third-party infringement or actions to invalidate the intellectual property rights of these technologies; 10) Nokia Siemens Networks' ability to achieve the expected benefits and synergies from its formation to the extent and within the time period anticipated and to successfully integrate its operations, personnel and supporting activities; 11) whether, as a result of investigations into alleged violations of law by some current or former employees of Siemens AG ("Siemens"), government authorities or others take further actions against Siemens and/or its employees that may involve and affect the carrier-related assets and employees transferred by Siemens to Nokia Siemens Networks, or there may be undetected additional violations that may have occurred prior to the transfer, or ongoing violations that may have occurred after the transfer, of such assets and employees that could result in additional actions by government authorities; 12) any impairment of Nokia Siemens Networks customer relationships resulting from the ongoing government investigations involving the Siemens carrier-related operations transferred to Nokia Siemens Networks; 13) occurrence of any actual or even alleged defects or other quality issues in our products, services and solutions; 14) our ability to manage efficiently our manufacturing and logistics, as well as to ensure the quality, safety, security and timely delivery of our products, services and solutions; 15) inventory management risks resulting from shifts in market demand; 16) our ability to source sufficient amounts of fully functional components and sub-assemblies without interruption and at acceptable prices; 17) any disruption to information technology systems and networks that our operations rely on; 18) developments under large, multi-year contracts or in relation to major customers; 19) economic or political turmoil in emerging market countries where we do business; 20) our success in collaboration arrangements relating to development of technologies or new products, services and solutions; 21) the success, financial condition and performance of our collaboration partners, suppliers and customers; 22) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the Chinese yuan, the UK pound sterling and the Japanese yen, as well as certain other currencies; 23) the management of our customer financing exposure; 24) allegations of possible health risks from electromagnetic fields generated by base stations and mobile devices and lawsuits related to them, regardless of merit; 25) unfavorable outcome of litigations; 26) our ability to recruit, retain and develop appropriately skilled employees; 27) the impact of changes in government policies, laws or regulations; and 28) our ability to effectively and smoothly implement our new organizational structure; as well as the risk factors specified on pages 10-25 of Nokia's annual report on Form 20-F for the year ended December 31, 2007 under "Item 3.D Risk Factors." Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

- Nokia plans to report its Q3 2008 results on October 16, 2008

http://www.nokia.com/

Nokia Corporation

CONTACT: Media and Investor Contacts: Corporate Communications, tel.
+358-7180-34900; Investor Relations Europe, tel. +358-7180-34289; Investor
Relations US, tel. +1-914-368-0555

MarketAxess Announces Closing of Final Tranche of Strategic Investment by Technology Crossover Ventures and Election of Bob Trudeau to Board of Directors

NEW YORK, July 17 /PRNewswire-FirstCall/ -- MarketAxess Holdings Inc. , the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other fixed-income securities, today announced the closing of the final tranche of the purchase by Technology Crossover Ventures ("TCV") of a minority stake in MarketAxess, consisting of preferred stock and warrants, for an aggregate purchase price of $35.0 million. In conjunction with the closing, Bob Trudeau, general partner of TCV, a leading private equity and venture capital firm with expertise in the financial technology space, has been elected to the MarketAxess board.

With the closing of the final tranche and TCV's initial investment previously announced on June 3, 2008, TCV has acquired a total of (i) 35,000 shares of Series B preferred stock, convertible into 3.5 million shares of MarketAxess common stock at a conversion price of $10.00 per share, and (ii) ten-year warrants to purchase an additional 700,000 shares of common stock at an exercise price of $10.00 per share. With the closing of the final tranche, TCV now owns approximately 9% of MarketAxess' common stock on a fully-diluted basis excluding warrants. The terms of the investment include a seven year standstill, a one year lock-up and an automatic conversion provision.

"MarketAxess represents a unique opportunity to partner with the premier client-to-dealer electronic credit trading platform to help realize the outstanding long-term growth potential of the franchise," commented Mr. Trudeau. "Our focus on companies with superior growth characteristics, strong competitive positions and market leading technologies makes MarketAxess a timely investment for us in the financial technology space."

Mr. Trudeau, 39, is a general partner at TCV, a leading growth equity investor based in Palo Alto, California that is focused on investing in premier later-stage technology companies. Prior to joining TCV, Mr. Trudeau was a Principal at General Atlantic Partners, where he led the firm's financial services practice and was actively involved with investments including Archipelago, Computershare, RiskMetrics, Saxo Bank and BottomLine Technologies. Prior to General Atlantic, Mr. Trudeau was a Managing Director at iFormation Group, a joint venture with General Atlantic, Goldman Sachs and Boston Consulting Group, and was actively involved with the firms' investments in eOne Global and IP Value. Prior to joining iFormation, Mr. Trudeau was a Manager at The Boston Consulting Group, where he focused on the retail and financial services industries.

Mr. Trudeau received a B.A.H. in Political Science from Queen's University and an MBA from The University of Western Ontario. He currently serves on the boards of Automated Trading Desk, FX Alliance LLC, Risk Metrics Group and TradingScreen.

The addition of Mr. Trudeau brings the MarketAxess board to a total of eleven directors. Additional information about MarketAxess' Board of Directors and corporate governance policies can be found on the Company's website at http://www.marketaxess.com/

About MarketAxess

MarketAxess operates one of the leading platforms for the electronic trading of corporate bonds and certain other types of fixed-income securities, serving as an electronic platform through which our more than 675 active institutional investor clients can access the liquidity provided by our 30 broker-dealer clients. MarketAxess' multi-dealer trading platform allows our institutional investor clients to simultaneously request competitive, executable bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. MarketAxess offers our clients the ability to trade U.S. high-grade corporate bonds, European high-grade corporate bonds, credit default swaps, agencies, high-yield and emerging markets bonds. MarketAxess also provides data and analytical tools that help our clients make trading decisions, and we facilitate the trading process by electronically communicating order information between trading counterparties. Our DealerAxess(R) trading service allows dealers to trade fixed-income securities with each other on our platform.

About TCV

Technology Crossover Ventures (TCV), founded in 1995, is a leading growth equity investor focused on investing in premier later stage technology companies. With $7.7 billion in capital under management, TCV has made growth equity, PIPE and recapitalization investments in over 170 companies leading to 45 initial public offerings and more than 30 strategic sales. Representative investments in the securities and capital markets technology sector include Liquidnet, FXall, TradingScreen, RiskMetrics, TheStreet.com, thinkorswim, and Penson Worldwide, among others. TCV has 9 partners and is headquartered in Palo Alto, California. For more information about TCV, visit http://www.tcv.com/.

MarketAxess Holdings Inc.

CONTACT: Stephen Davidson of MarketAxess Holdings Inc., +1-212-813-6021;
or William McBride of Gavin Anderson & Co. for MarketAxess Holdings Inc.,
+1-212-515-1970

Web Site: http://www.marketaxess.com/
http://www.tcv.com/

Rainmaker Announces Partner Portal 3.0Next Generation of Innovative Reseller Portal Solution Features Enhanced Functionality to Help Channel Partners Drive More Sales

CAMPBELL, Calif., July 17 /PRNewswire-FirstCall/ -- Rainmaker Systems, Inc. , a leading provider of sales and marketing solutions combining hosted application software and execution services, today announced the release of Partner Portal 3.0 -- the next generation of its innovative reseller portal solution for service contracts to help its clients increase revenue from contracts sold through their channel partners.

As part of Rainmaker's comprehensive hosted contract sales solution, PartnerPortal 3.0 includes new and expanded functionality and a redesigned user interface to help channel partners sell more efficiently and to bring the advantages of this global solution to more people at the channel partner level. Key features of Partner Portal 3.0 release include:

-- Enhanced, more intuitive interface provides easier adoption and makes dashboards and other key information instantly available -- Improved lead flow and management to allow sales representatives to better filter, sort and manage opportunities based on value, margin, company, territory, and other parameters -- Automatic price adjustment based on volume agreements and rebate management to increase sales effectiveness -- Platform can be configured for cross-sell capability in addition to the current up-sell feature -- Ability to manage and co-terminate agreements for a single customer to significantly simplify service agreement management for the channel partner and the customer -- Increased scalability to meet the demands of increasing volumes

Rainmaker's CEO Michael Silton commented, "This next generation of our hosted application includes new features to enhance scalability for the increasing volumes we are seeing, and is creating significant opportunities for cross selling and expanded relationships with our clients as they see the power of our tools and services and the positive impact on their revenue."

About Rainmaker

Rainmaker Systems, Inc. delivers sales and marketing solutions, combining hosted application software and execution services designed to drive more revenue for our clients. Our Revenue Delivery Platform(SM) combines proprietary, on-demand application software and advanced analytics with specialized sales and marketing execution services. Rainmaker clients include large enterprises in a range of industries, including computer hardware and software, telecommunications, and financial services industries. For more information visit http://www.rmkr.com/ or call 800-631-1545.

NOTE: Rainmaker Systems, the Rainmaker logo, Sunset Direct and Contract Renewals Plus are registered with the U.S. Patent and Trademark Office. All other service marks or trademarks are the property of their respective owners.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company and its subsidiaries. We wish to caution you that these statements involve risks and uncertainties and actual events or results may differ materially. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are general market conditions, unfavorable economic conditions, our ability to execute our business strategy, our ability to integrate acquisitions and expand our operations without disruption to our business, the effectiveness of our sales team and approach, our ability to target, analyze and forecast the revenue to be derived from a client and the costs associated with providing services to that client, the date during the course of a calendar year that a new client is acquired, the length of the integration cycle for new clients and the timing of revenues and costs associated therewith, our client concentration given that the Company remains dependent on a few large client relationships, our ability to expand our channel hosted contract solution and drive adoption of this solution by resellers, potential competition in the marketplace, the ability to retain and attract employees, market acceptance of our service programs and pricing options, our ability to maintain our existing technology platform and to deploy new technology, our ability to sign new clients and control expenses, the possibility of the discontinuation of some client relationships, the financial condition of our clients' business and other factors detailed in the Company's filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q.

Rainmaker Systems, Inc.

CONTACT: Seth Romanow, VP, Chief Marketing Officer of Rainmaker Systems,
Inc., +1-408-626-2418, seth.romanow@rmkr.com; or Todd Kehrli or Jim Byers,
Investor Relations of MKR Group, Inc., +1-323-468-2300, rmkr@mkr-group.com,
both for Rainmaker Systems, Inc.

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

Canadian Solar Announces Pricing of its Follow-On Public Offering of Common Shares

JIANGSU, China, July 17 /Xinhua-PRNewswire/ -- Canadian Solar Inc. (''Canadian Solar'' or the ''Company'') today announced further details regarding its follow-on public offering of common shares (the ''Offering'').

Details of the Offering

A total of 3,500,000 common shares are being sold in the Offering at a price of $34.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to 525,000 common shares from the Company solely to cover over-allotments. The Company's common shares are traded on the Nasdaq Global Market under the ticker symbol ''CSIQ.''

Deutsche Bank Securities Inc. and Piper Jaffray & Co. are acting as joint bookrunners for the Offering. The underwriters expect to deliver the common shares to purchasers on or about July 22, 2008, subject to the satisfaction of customary closing conditions.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Offering is made only by means of a prospectus supplement forming a part of the registration statement. A copy of the prospectus supplement relating to the offering may be obtained by contacting Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Floor 2, Jersey City, NJ 07311-3901, by telephone at 1-800-503-4611, or by e-mail at prospectusrequest@list.db.com; or by contacting Piper Jaffray & Co., Attn: Beth Davidge, 800 Nicollet Mall, Suite 800, Minneapolis MN 55402, by telephone at 1-877-371-5212, or by e-mail at Beth.k.davidge@pjc.com.

On closing of the Offering, before any exercise of the over-allotment option, there will be 35,629,138 shares in issue.

Certain statements in this press release may be forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Generally, the words ''believe,'' ''expect,'' ''intend,'' ''anticipate,'' ''will,'' ''may'' and similar expressions identify forward-looking statements. These statements are only predictions. The Company makes these forward-looking statements based on information available on the date hereof, and it has no obligation (and expressly disclaims any such obligation) to update or alter any such forward-looking statements, whether as a result of new information, future events, or otherwise. See the Company's Form 20-F for the period ended December 31, 2007 for a further discussion of these and other risks and uncertainties applicable to the Company's business.

For more information, please contact: In Jiangsu, P.R. China Alex Taylor, IR Director Canadian Solar Inc. Tel: +86-512-6690-8088 Email: ir@csisolar.com In the U.S. John Robertson The Ruth Group Tel: +1-646-536-7024 Email: jrobertson@theruthgroup.com

Canadian Solar Inc.

CONTACT: In Jiangsu, P.R. China, Alex Taylor, IR Director of Canadian
Solar Inc., +86-512-6690-8088, or ir@csisolar.com; or in the U.S., John
Robertson of The Ruth Group, +1-646-536-7024, or jrobertson@theruthgroup.com,
for CSIQ

Trimble Announces the First Real-Time Corrections Service for In-the-Field, High-Accuracy Mapping

SUNNYVALE, Calif., July 17 /PRNewswire-FirstCall/ -- Trimble today introduced a significant advancement in high-accuracy, in-the-field mapping with its new Trimble(R) VRS Now(TM) H-Star(TM) service. This revolutionary service provides instant access to H-Star corrections throughout Germany, Great Britain, and the Madrid region of Spain. A subscription to the Trimble VRS Now H-Star service gives users working in utilities, local government, natural resources, and land management the ability to obtain real-time, decimeter level accurate positions consistently and directly at the job site. With instant access to H-Star corrections on demand, field workers can be more efficient and high-accuracy mapping projects can be up and running in minutes to increase productivity.

By accessing proven Trimble VRS(TM) technology, subscribers can correct data in the field without setting up base stations, and there is no need for post processing data. Mapping and Geographic Information System (GIS) professionals with the Trimble H-Star compatible GPS receivers -- the GeoXH(TM)2008 series handheld receiver or GPS Pathfinder(R) ProXRT receiver -- can take advantage of the service.

"Utilities personnel and other asset management professionals are under increasing pressure to complete high-accuracy mapping projects even more quickly," said Pierre Desjardins, manager for Trimble's GNSS Infrastructure business area. "Users equipped only with a GPS receiver, a cellular connection and a subscription to the Trimble service can overcome these challenges in the field by tapping into the new H-Star corrections."

In addition, teaming the GPS Pathfinder ProXRT receiver with the Trimble Nomad(TM) series of handhelds (800XC and 800XE models) removes the need for a separate phone. The Trimble Nomad handheld's integrated cellular modem allows users to connect directly from the handheld to the Trimble VRS Now H-Star service for optimal performance with a minimal hardware investment. With the GPS Pathfinder ProXRT receiver, users can also install the GLONASS option, which increases the number of GNSS satellites that can be accessed.

To learn more about the Trimble VRS Now H-Star service and about how to subscribe go to: http://www.trimble.com/mgis_vrsnow_h-star.shtml

About Trimble

Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location -- including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in over 18 countries.

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

GTRMB

Trimble

CONTACT: Media, Lea Ann McNabb, +1-408-481-7808,
leaann_mcnabb@trimble.com, or Investors, Willa McManmon, +1-408-481-7838,
willa_mcmanmon@trimble.com, both of Trimble

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

Synaptics to Report Fourth Quarter Results on July 31

SANTA CLARA, Calif., July 17 /PRNewswire-FirstCall/ -- Synaptics(R) Incorporated , a leading developer of human interface solutions for mobile computing, communications, and entertainment devices, announced today that it will report financial results for the fourth quarter and fiscal year 2008 on Thursday, July 31, 2008 after the close of market. The company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET) during which management may discuss forward-looking information. Participating on the call will be President and CEO Francis Lee and CFO Russ Knittel.

To participate on the live call, analysts and investors should dial 800-257-2101 at least ten minutes prior to the call. Synaptics will also offer a live and archived webcast of the conference call, accessible from the "Investor Relations" section of the company's Web site (http://www.shareholder.com/synaptics/). A telephonic replay of the conference call will also be available until 11:59 pm PT on Monday, August 4, 2008 by dialing 800-405-2236 and entering the passcode: 11117175#.

About Synaptics Incorporated

Synaptics is a leading developer of human interface solutions for the mobile computing, communications, and entertainment industries. The company creates interface solutions for a variety of devices including notebook PCs, PC peripherals, digital music players, and mobile phones. The TouchPad(TM), Synaptics' flagship product, is integrated into a majority of today's notebook computers. Consumer electronics and computing manufacturers use Synaptics' solutions to enrich the interaction between humans and intelligent devices through improved usability, functionality and industrial design. The company is headquartered in Santa Clara, California. http://www.synaptics.com/

For more information contact: Molly Plyler The Blueshirt Group 415-217-7722 molly@blueshirtgroup.com

Synaptics Inc.

CONTACT: Molly Plyler of The Blueshirt Group, +1-415-217-7722,
molly@blueshirtgroup.com, for Synaptics Inc.

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

Pin for Pin, Micrel Gives Ethernet Customers Higher Throughput Than Ever Before

SAN JOSE, California, July 17 /PRNewswire/ --

- New Device Features Industry-First Fast Ethernet Controller with SPI Interface

Micrel Inc., (Nasdaq: MCRL), an industry leader in analog, high bandwidth communications and Ethernet IC solutions, today launched the KSZ8851, a single-port embedded controller chip with 8/16/32-bit and SPI host interfaces. The high throughput device is pin compatible with Micrel's KSZ8841 and KSZ8842 product families and ideal for a wide variety of Ethernet applications in the IPSTB, VoIP, and Industrial Ethernet markets. The device will be available in production quantities in Q3 2008, and is priced at US$4.00 for 1K quantities.

About Micrel, Inc.

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

Micrel Inc.

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

Verizon Business Introduces Global Billing Report

BASKING RIDGE, New Jersey, July 17 /PRNewswire/ --

- Provides Consolidated View of Worldwide Billing Activity in Currency of Choice to Improve Online Expense Management for Multinational Customers

Verizon Business multinational customers now have a more convenient way to view, monitor and analyze their expenses, with the company's introduction of Global Billing Report. Customers can use this advanced tool, available at no cost through the Verizon Enterprise Center (VEC), to view worldwide communications expenses online in both the original billed currency and another currency selected by the customer.

Global Billing Report is immediately available, and a number of customers headquartered in Europe, Asia and the United States are currently using the tool to manage their worldwide billing information.

"Our customers are eager for a sophisticated and consolidated view of their global communications operations and expenses," said Tom Vitale, vice president of customer enablement and cross-product support for Verizon Business. "Global Billing Report replaces disparate billing reports, historically accessed in various ways, with one customizable and holistic online tool."

Global Billing Report is made possible through a comprehensive billing transformation initiative through which Verizon Business has consolidated customer billing data from all regions into one centralized data repository. As a result, Global Billing Report can combine billing data from domestic and international invoices into a group of summary reports that provide a more detailed view of a customer's services across the regions where the customer operates. The company plans a series of future enhancements, including expanded product-level reporting and additional languages.

Global Billing Report simplifies the process of reviewing invoices before making payment. Customers can view and analyze invoices in various levels of detail, from high-level summaries to individual charges. The billing information that is included in Global Billing Report can be easily and efficiently downloaded, as well as viewed online. The tool is fully integrated into the Invoices section of the VEC, allowing customers to easily isolate an individual invoice to view images, and in many cases, line item detail.

When customers sign up for Global Billing Report, they can select the invoices to be included and choose the currency. Each month, Global Billing Report converts all invoices to the customer's requested currency, allowing them to see the charges in both the original and converted currencies. Invoices are grouped by international region (United States, Europe, the Middle East, Africa, Asia Pacific, Canada and Latin America), as well as shown in a consolidated master list to enable customers to analyze expenses by country, region, or across a worldwide enterprise.

Global Billing Report is the newest offering in Verizon Business' suite of online self-service billing applications that provide a practical and environmentally friendly alternative to paper-based billing and reporting. Verizon Business offers a variety of paper-free billing and reporting options which enable customers to review, analyze and, in many instances, pay their invoices online. Available options include EDI Billing, BillManager, Direct Data Billing Services and Online Billing through the VEC.

Verizon Business encourages its large-business and government customers to take advantage of its online billing applications to help customers better manage and report on their communications expenses. Last year, Verizon Business teamed with Computershare and American Forests on a program to plant a tree for every customer who registers to conveniently view and pay bills online. The program is modeled after Verizon's successful eTree program for shareholders who opt for electronic versions of annual reports, proxies and other shareholder communications materials. Paper-free billing offers both cost and conservation benefits, especially for enterprise customers whose invoices for a single month of call detail can number tens of thousands of pages.

The feature-rich VEC online portal allows customers to place orders, view and pay invoices, create trouble tickets and analytical reports, and monitor and manage their voice, data and IP services with the company. It provides near real-time access to information so companies can make informed decisions about their domestic and global networks. Users can access the VEC virtually anywhere in the world, at any time.

About Verizon Business

Verizon Business, a unit of Verizon Communications (NYSE: VZ), operates the world's most connected public IP network and uses its industry-leading global-network capabilities to offer large-business and government customers an unmatched combination of security, reliability and speed. The company integrates advanced IP communications and information technology (IT) products and services to deliver leading enterprise solutions including managed services, security, mobility, collaboration and professional services. These solutions power innovation and enable the company's customers to do business better. For more information, visit www.verizonbusiness.com.

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

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

Verizon Business

Lisa Fels of Verizon Business, +1-703-886-6042, lisa.fels@verizon.com ; Company News On-Call: http://www.prnewswire.com/comp/618232.html

Object Management Group Transitions Its Certification Programs to Pearson VUEOMG certification programs test knowledge in areas of UML(R) modeling, Real-time and Embedded Systems and Business Process Management

BLOOMINGTON, Minn., July 17 /PRNewswire-FirstCall/ -- Pearson VUE, the electronic certification and licensure testing business of Pearson, today announced that it has signed a multi-year contract with Object Management Group(TM) (OMG(TM)) to provide test delivery for its OMG Certified programs: the OMG-Certified UML Professional (OCUP(TM)), the OMG-Certified Real-time and Embedded Systems Specialist (OCRES(TM)), and the OMG-Certified Expert in Business Process Management (OCEB(TM)). All exams are available in the United States, Europe, the Middle East, Africa, and India through the broad-based Pearson VUE(R) Authorized Test Center network.

The OCUP certification is awarded at three levels: fundamental, intermediate, and advanced, and demonstrates candidates' knowledge of OMG's Unified Modeling Language(TM) (UML), the industry standard for modeling. The OCRES certification is awarded at the intermediate and advanced levels, demonstrating candidates' knowledge of OMG's suite of specifications for distributed Real-time and Embedded computing. The OCEB certification is currently in beta testing. Its five new exams will test candidates' knowledge and skills in Business Process Management (BPM) and cover material important to a candidate's ability to participate in or lead real-world initiatives in enterprise BPM.

"Pearson VUE was chosen as our sole testing partner because of their stellar service reputation and commitment to industry-leading technology," said Bill Hoffman, president, Object Management Group. "We're confident our new and existing certification programs will continue to grow and thrive in Pearson VUE's Authorized Test Center network."

"OMG is a clear market leader, and a valued partner," said Robert Whelan, president, Pearson VUE. "OMG's decision to launch its current and new certification programs in the Pearson VUE Authorized Test Center network will provide the coverage and level of service OMG and OMG candidates are looking for."

About Pearson VUE

Pearson VUE (http://www.pearsonvue.com/) is the global leader in electronic testing for regulatory and certification boards, providing a full suite of services from test development to test delivery to data management. Pearson VUE offers exams through the world's largest network of test centers in 162 countries, providing testing services for information technology, academic, government and professional clients. Pearson VUE acquired the former Promissor in 2006, thereby extending its leadership in the certification market. The company's innovative technology offers the highest levels of security and program control, while its commitment to service provides clients and individual test takers with an unmatched testing experience. Pearson VUE is a business of Pearson , the international media company, whose businesses include the Financial Times Group, Pearson Education and the Penguin Group.

About the Object Management Group

OMG is an international, open membership, not-for-profit computer industry consortium. OMG Task Forces develop enterprise integration standards for a wide range of technologies, including: Real-time, Embedded and Specialized Systems, Analysis & Design, Architecture-Driven Modernization and Middleware and an even wider range of industries, including: Business Modeling and Integration, C4I, Finance, Government, Healthcare, Insurance, Legal Compliance, Life Sciences Research, Manufacturing Technology, Robotics, Software-Based Communications and Space.

OMG's modeling standards, including the Unified Modeling Language(TM) (UML(R)) and Model Driven Architecture(R) (MDA(R)), enable powerful visual design, execution and maintenance of software and other processes, including IT Systems Modeling and Business Process Management. OMG's middleware standards and profiles are based on the Common Object Request Broker Architecture (CORBA(R)) and support a wide variety of industries. OMG, in partnership with the UML Technology Institute (UTI), develops certification programs for UML modeling, Real-time and Embedded Systems and Business Process Management.

More information about OMG can be found at http://www.omg.org/. OMG is headquartered in Needham, MA, USA.

Pearson

CONTACT: PR Contact, Mary Beth Mohn, Marketing Director of Pearson VUE,
+1-952-681-3000; or Stephanie Covert of Object Management Group,
+1-843-737-0637, pr@omg.org

Web site: http://www.pearsonvue.com/
http://www.omg.org/

Second Quarter 2008 Webcast Conference Call

SHANGHAI, China, July 17 /Xinhua-PRNewswire/ -- Please join SMIC's : -- Dr. Richard Chang, Chief Executive Officer and President -- Morning Wu, Acting Chief Financial Officer -- Theresa Teng, Head of Finance and Investor Relations

as they announce the company's second quarter results and take questions from investors on Tuesday, July 29, 2008.

The second quarter 2008 results will also be released and available at http://www.smics.com/ before the start of trading on the Stock Exchange of Hong Kong on Tuesday, July 29, 2008.

CONFERENCE CALL / WEBCAST ANNOUNCEMENT DETAILS DATE: Tuesday, July 29, 2008 TIME: 8:30 A.M. (Shanghai and Hong Kong) 8:30 P.M. (New York *please note that because this call is live, it will be taking place on Monday, July 28th, 2008 EST) WEBCAST:

The call will be webcast live with audio at http://www.smics.com/ under the "Investor Relations" section.

DIAL-IN:

For those without internet access, you may participate in the conference call by dialing the following numbers:

US +1-617-597-5342 (Passcode: SMIC) HK +852-3002-1672 (Passcode: SMIC) REPLAY:

The live audio webcast will be archived for replay at http://www.smics.com/ , along with a soft copy of our news release, for a period of 12 months following the webcast.

For more information, please contact: Theresa Teng Head of Finance and Investor Relations Tel: +86-21-5080-2000 x16278 Email: Theresa_Teng@smics.com Enling Feng Investor Relations Tel: +86-21-5080-2000 x16275 Email: Enling_Feng@smics.com Anne Wong Chen Investor Relations Tel: +86-21-5080-2000 x12804 Email: Anne_CAYW@smics.com

Semiconductor Manufacturing International Corporation

CONTACT: Theresa Teng, Head of Finance and Investor Relations, +86-21-
5080-2000 x16278, or Theresa_Teng@smics.com; Enling Feng of Investor Relations,
+86-21-5080-2000 x16275, or Enling_Feng@smics.com; Anne Wong Chen of Investor
Relations, +86-21-5080-2000 x12804, or Anne_CAYW@smics.com

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

Licensing Agreement Signed With Paramount Digital Entertainment

DOUGLAS, Isle of Man, July 17 /PRNewswire-FirstCall/ -- Playtech (AIM: PTEC), the international designer, developer and licensor of software to the online and land-based gaming industry, is pleased to announce having signed a four-year, exclusive licensing agreement with Paramount Entertainment for the classic blockbusters "Gladiator" and "The Untouchables."

The deal gives Playtech licensees the exclusive distribution rights to a number of branded games based on these popular classics. The agreement covers both online games for Playtech's market leading casino game portfolio, and land-based games featured on videogame terminals, from the Playtech subsidiary, Videobet.

Mor Weizer, Chief Executive Officer of Playtech, commented today: "We are delighted to have secured this important deal with Paramount Digital Entertainment, enabling our licensees to add the well known brands, "Gladiator" and "The Untouchables" to their games offering. We are confident that this exclusive material supplied to our licensees will maximize licensee profitability, by raising the profile of their games portfolio and further enhancing the gaming experience for the players."

Contact: Mr. Mor Weizer Chief Executive Officer Tel: +44-1624-645999, info@playtech.com

Playtech

CONTACT: Contact: Mr. Mor Weizer, Chief Executive Officer, Tel:
+44-1624-645999, info@playtech.com

F3 Technologies, Inc. Announces the Appointment of New President

ALPHARETTA, Ga., July 17 /PRNewswire-FirstCall/ -- F3 Technologies, Inc. , an Atlanta-based SaaS development company and application service provider, is pleased to announce today that it has appointed Rainey Shane as the new President of the Company.

Ms. Shane's fifteen years of business experience spans across a multitude of industries and markets, ranging from technology and government, to real estate and healthcare. Some of her previous roles include serving as President and CEO of ExLsior Training Institute, founder and CEO of McCurry | Shane Investment Corp., VP of Operations for AboutFace Consulting Corp, and Division Director for Emory Healthcare. During the time she was building and growing her own business ventures, Ms. Shane also served as a consultant for other private industry companies on business start-up, expansion, operations processes, technology and marketing. Ms. Shane holds a B.S. in Psychology and a Master of Business Administration.

Ms. Shane has been working on a consulting basis for F3 Technologies for the past several months. During this time, Ms. Shane's projects for F3 Technologies included 2008 Company-wide strategic planning, product development, marketing plan design and implementation, creation of the Business Development Division to include hiring and training a direct sales team and obtaining strategic partnerships. Ms. Shane has worked closely with outside consultants to implement programs in the areas of Human Resources, Sales, Marketing and Operations designed for rapid and sustainable growth. She has also contributed heavily in the area of updating and revising the business plan, focusing on financial planning and forecasting.

"I chose to join F3 Technologies due to the growth opportunity in a Company with such a strong suite of innovative on-demand software solutions. I foresee F3 Technologies to be a leader in a growing sector with strong revenue and profitability. I am looking forward to increasing the value of the Company through additional sales and marketing campaigns and strategic alliances that will bring long-term recurring revenue and stability to the Company," stated Ms. Shane. "We are in discussions with multiple companies concerning strategic reseller partnerships to further the growth and revenue potential for F3 Technologies. We intend to announce these pending partnerships in Quarter Three 2008."

During the past several months, Ms. Shane's duties have also included financial models for a variety of F3 Technologies products including contract negotiations and several joint venture projects.

"F3 Technologies is proud of working with Ms. Shane who, being such a distinguished and hard-working person, adds a valuable human resource asset to the Company," said Frank Connor, Chief Executive Officer of F3 Technologies. "The appointment of Ms. Shane to the position of President is the first of many management steps as stated in our previous news announcements and we will soon announce the appointments of Board Members and other key personnel."

About F3 Technologies

F3 Technologies, Inc. (F3) is an Atlanta-based SaaS development company and application service provider created to provide on-demand internet solutions to consumers and small to mid-sized companies. F3 currently has three distinctive products; FargoTube.com, Ascend Global Systems and Interaction Community Systems. It is F3's goal to provide the necessary systems and tools to help its end users realize personal, professional, social, and business-oriented goals.

About FargoTube http://www.fargotube.com/ FargoTube (FT) -- FT is an online video sharing software engine for users seeking to profit from their on-line video content in three different ways. First, FT allows users to upload proprietary video content and sell it to other users resulting in income for the host and video owner. Second, FT will share ad revenue generated by videos offered for sale or for free with the video owner. Lastly, FT will share a portion of any profits made by users they referred to FT as an affiliate commission.

About Ascend http://www.ascendgbs.com/ Ascend Global Business System (Ascend) -- Ascend is an online Software-as-a-Service (SaaS) product created specifically to help businesses improve customer relations, track employee performance, and support overall revenue opportunities. The Ascend SaaS solution contains customizable modules for accounting, human resource management, project management, website creation, online store creation (e-commerce), knowledge sharing, survey building, and customer relationship management.

About Interaction http://www.interactioncs.com/ Interaction Community System (Interaction) -- Interaction provides neighborhoods, communities, church organizations, homeowner's associations (HOAs) and other similar type groups with a reliable, online solution for valuable services such as residential directories, accounting, voting, website creation, facility management and scheduling, newsletters, announcements, vendor sharing, e-commerce, accounting, classifieds, and message boards. Interaction offers features that allow residents of these communities to stay informed and become involved.

Safe Harbor

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance, operating strategies or business plans, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors beyond the control of the company, which include but are not limited to the ability of the company to implement its business plans, the company's ability to successfully compete, market conditions and the ability of the company to raise any necessary working capital financing, actual results may differ materially from the expectations expressed in the forward-looking statements.

Contact: Contact: F3 Technologies, Inc. Frank Connor CEO 1-800-418-4870 ext. 201 http://www.f3technologies.com/

F3 Technologies, Inc.

CONTACT: Frank Connor, CEO of F3 Technologies, Inc., 1-800-418-4870
ext. 201

Web site: http://www.f3technologies.com/

New Oriental Announces Results for the Fourth Quarter and Fiscal Year Ended May 31, 2008

Quarterly Net Revenues Increased by 62.5% Year-Over-Year

Quarterly Net Income Increased by 214.6% Year-Over-Year

Quarterly Net Income Excluding Share-Based Compensation Expenses (non-GAAP)

Increased by 513.2% Year-Over-Year Fiscal Year Net Revenues Increased by 51.6% Year-Over-Year Fiscal Year Net Income Increased by 71.4% Year-Over-Year

Fiscal Year Net Income Excluding Share-Based Compensation Expenses (non-GAAP)

Increased by 73.7% Year-Over-Year

BEIJING, July 17 /Xinhua-PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company") , the largest provider of private educational services in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended May 31, 2008.

Highlights for the Fourth Fiscal Quarter Ended May 31, 2008 -- Total net revenues for the quarter increased by 62.5% year-over-year to US$40.2 million from US$24.7 million. -- Net income for the quarter increased year-over-year to US$1.8 million from a net loss of US$1.5 million; and net income excluding share-based compensation expenses (non-GAAP) increased by 513.2% year-over-year to US$4.5 million from US$0.7 million. -- Loss from operations for the quarter decreased year-over-year by 94.0% to US$0.2 million from US$3.5 million; and income from operations excluding share-based compensation expenses (non-GAAP) increased to US$2.5 million from a loss of US$1.2 million. -- Basic and diluted earnings per ADS for the quarter were US$0.05 and US$0.05, respectively. Excluding share-based compensation expenses (non-GAAP), basic and diluted earnings per ADS for the quarter were US$0.12 and US$0.12, respectively. Each ADS represents four common shares of the Company. Highlights for the Fiscal Year Ended May 31, 2008 -- Total net revenues for the fiscal year increased by 51.6% year-over- year to US$201.0 million from US$132.6 million. -- Net income for the fiscal year increased by 71.4% year-over-year to US$49.0 million from US$28.6 million; and net income excluding share- based compensation expenses (non-GAAP) increased by 73.7% year-over- year to US$57.8 million from US$33.2 million. -- Income from operations for the fiscal year increased by 73.8% year- over-year to US$45.3 million from US$26.1 million; and income from operations excluding share-based compensation expenses (non-GAAP) increased by 75.9% year-over-year to US$54.1 million from US$30.7 million. -- Basic and diluted earnings per ADS for the fiscal year were US$1.31 and US$1.25, respectively. Excluding share-based compensation expenses (non-GAAP), basic and diluted earnings per ADS for the fiscal year were US$1.54 and US$1.48, respectively. -- Total student enrollments in language training and test preparation courses for the fiscal year increased by 19.1% year-over-year to approximately 1,271,700 from approximately 1,068,000. -- The total number of schools and learning centers increased to 207 as of May 31, 2008 from 130 as of May 31, 2007. We opened 3 new schools in the quarter to bring the total to 41 as of May 31, 2008, up from 38 as of February 29, 2008. The number of learning centers increased by 23 in the quarter to 166 as of May 31, 2008, up from 143 as of February 29, 2008.

"We are pleased to finish our 2008 fiscal year on a strong note with substantial fourth fiscal quarter revenue and profit growth," said Michael Yu, New Oriental's chairman and chief executive officer. "During the quarter, we continued to grow our 'New Oriental U Can' all-subjects middle and high school training program after its initial launch in last fiscal quarter. We have rolled out U-Can programs in more than 20 cities throughout China with enrollments of more than 7,000 in non-English subject classes in the fourth fiscal quarter, despite an enrollment slowdown in May following the Sichuan earthquake. We are confident that U-Can, along with English language training and overseas test preparation, will drive New Oriental's growth in the years ahead."

"We also successfully executed on our expansion plan in the fourth fiscal quarter by opening a total of three new schools in the cities of Lanzhou, Huangshi and Ningbo. To further capture the strong demand for our programs and services in existing markets, we also added a net 23 new learning centers during the quarter. Including these new schools and learning centers, we added a total of 77 facilities in fiscal year 2008, consisting of 6 schools and 71 learning centers," Mr. Yu added.

New Oriental's chief financial officer, Louis T. Hsieh, stated:

We are pleased to report record financial results for the fourth fiscal quarter and full 2008 fiscal year. Our fourth fiscal quarter net revenues were up 62.5% year-over-year to US$40.2 million, and non-GAAP net income was up over 500% from the year ago period to US$4.5 million. For the 2008 fiscal year, we increased net revenues 51.6% year-over-year to over US$201.0 million, and non-GAAP net income increased 73.7% year-over-year to US$57.8 million. Despite opening a record 77 schools and learning centers in fiscal year 2008, we continued to demonstrate the leveragability of our business model with strong margin improvements: (i) gross margins increased to 61.6% for FY2008, from 59.5% for FY2007, (ii) non-GAAP operating margins increased to 26.9% for FY2008, from 23.2% for FY2007, and (iii) non-GAAP net income margins increased to 28.7% for FY2008, from 25.1% for FY2007.

Our strong student enrollment growth in language training and test preparation courses continued in fiscal year 2008 with over 1,271,000 enrollments, an increase of over 200,000 enrollments, or 19.1%, from fiscal year 2007. We achieved record student enrollments for the fiscal year despite a 2.8% decrease to 305,200 student enrollments for the fourth fiscal quarter due to (i) the slowdown in May following the Sichuan earthquake; (ii) the slowdown in our Beijing School due to uncertainties surrounding housing, transportation and travel logistics for the summer of 2008 as Beijing prepares to host the Olympic Games; and (iii) the difficult year-over-year comparison with the fourth fiscal quarter of 2007 when student enrollments were up 31.5% to over 314,000 from the previous year. A portion of last year's fourth fiscal quarter enrollments would normally have been recorded in the third fiscal quarter ended February 28, 2007, but were instead pushed into the fourth fiscal quarter of 2007 due to the late timing of the Chinese New Year holiday in 2007 (on February 18, 2007), which was two to three weeks later than normal.

In response to numerous inquiries from investors and research analysts, in early June 2008 New Oriental issued a press release discussing the potential impact to the company's business as a result of the Sichuan earthquake and the Olympic Games. In that press release the Company stated it was hopeful of a June rebound in student enrollments and revenues. New Oriental is pleased to report that we did indeed witness a strong recovery in student enrollments and revenues in June and the first two weeks of July 2008 ended July 13. "Cash Proceeds" (tuition fees paid by students in cash when they register for classes and recognized proportionately as revenue as the instructions are delivered) for the past six weeks ended July 13, 2008 were approximately US$60 million, an increase of approximately 50% from approximately US$40 million in the corresponding period of 2007. The Beijing School has also rebounded in the same six week period with Cash Proceeds up approximately 47% to US$14.6 million. New Oriental's school in Chengdu, closest to the Sichuan earthquake epicenter, is fully operational with 6 learning centers and has also recovered in the same six week period with Cash Proceeds up approximately 32% to US$1.4 million as compared to the year ago period.

Recent Developments

On June 24, 2008, New Oriental and Intuto Ltd., a New Zealand-based e-learning solutions provider, formed a strategic partnership to co-develop and update custom learning materials tailored to New Oriental's existing IELTS courses. International English Language Testing System, or IELTS, is used throughout the world to assess the language ability of second language speakers planning to live, work, or study in English speaking countries. Under the agreement, Intuto will work with New Oriental's instructors to develop a line of English language learning materials, including textbooks, to address the four skills in the IELTS exam: reading, writing, speaking, and listening of the English language. Furthermore, New Oriental has the rights under this contract to develop its own IELTS courses and exercises via New Oriental's Koolearn.com online learning platform based on this in-classroom material.

Financial Results for the Fiscal Quarter Ended May 31, 2008

For the fourth fiscal quarter of 2008, New Oriental reported net revenues of US$40.2 million, representing a 62.5% increase year-over-year.

Net revenues from educational programs and services for the fourth fiscal quarter were US$35.2 million, representing a 60.9% increase year-over-year.

Total operating costs and expenses for the quarter were US$40.4 million, a 43.2% increase year-over-year; excluding share-based compensation expenses (non-GAAP), operating costs and expenses for the quarter were US$37.6 million, a 45.2% increase year-over-year.

Cost of revenues for the quarter were US$17.7 million, a 50.9% increase year-over-year, primarily due to the increased number of courses offered and the greater number of schools and learning centers in operation.

Selling and marketing expenses for the quarter were US$7.5 million, a 49.9% increase year-over-year, primarily due to the headcount for the selling and marketing department, which includes registration verification personnel, increasing by 330 over the year ago period as the company added 77 new schools and learning centers in fiscal year 2008.

General and administrative expenses for the quarter were US$15.2 million, a 32.5% increase year-over-year; excluding share-based compensation expenses (non-GAAP), general and administrative expenses for the quarter were US$12.7 million, a 33.7% increase year-over-year, primarily due to increased headcount as the company further expanded its operations.

Total share-based compensation expenses, which were allocated to related operating costs and expenses, increased to US$2.7 million in the fourth quarter of fiscal year 2008 from US$2.3 million in the year ago period.

Loss from operations for the quarter was US$0.2 million, a 94.0% decrease from US$3.5 million in the year ago period, and income from operations excluding share-based compensation expenses (non-GAAP) for the quarter was US$2.5 million, compared to a loss of US$1.2 million in the year ago period.

Operating margin for the quarter was negative 0.5%, compared to negative 14.1% in the corresponding period of the previous year. Excluding share-based compensation expenses (non-GAAP), operating margin for the quarter was 6.3%, compared to negative 4.9% in the corresponding period of the prior year. This increase was primarily due to the improved operating efficiency as revenue growth outpaced the growth in operating costs and expenses.

Net income for the quarter was US$1.8 million, compared to a net loss of US$1.5 million. Basic and diluted earnings per ADS were US$0.05 and US$0.05, respectively. Excluding share-based compensation expenses (non-GAAP), net income for the quarter was US$4.5 million, a 513.2% increase year-over-year. Basic and diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) were US$0.12 and US$0.12, respectively.

Capital expenditures for the quarter were US$2.5 million which was primarily used to add the 3 new schools and a net of 23 new learning centers in the quarter.

As of May 31, 2008, New Oriental had cash and cash equivalents of US$208.4 million, as compared to US$230.1 million as of February 29, 2008. Net operating cash flow for the fourth quarter of fiscal year 2008 was US$23.9 million. The decrease in the cash balance was due to the Company's share buyback plan of one million ADS which was announced on February 14, 2008. The Company has now completed the one million ADS buyback program.

The deferred revenue balance (cash collected from registered students for courses and recognized proportionately as revenue as the instructions are delivered) at the end of the quarter was US$59.2 million, an increase of 37.0% as compared to US$43.2 million at the end of the fourth fiscal quarter 2007.

Financial Results for the Fiscal Year Ended May 31, 2008

For the fiscal year ended May 31, 2008 New Oriental reported net revenues of US$201.0 million, representing a 51.6% increase year-over-year.

Total student enrollments in language training and test preparation courses in the fiscal year ended May 31, 2008 increased by 19.1% to approximately 1,271,700 from approximately 1,068,000 in the fiscal year ended May 31, 2007.

Income from operations for the fiscal year ended May 31, 2008 was US$45.3 million, a 73.8% increase year-over-year. Income from operations excluding share-based compensation expenses (non-GAAP) for the fiscal year ended May 31, 2008 was US$54.1 million, a 75.9% increase year-over-year.

Operating margin for the fiscal year ended May 31, 2008 was 22.6%, compared to 19.7% for the fiscal year ended May 31, 2007; excluding share-based compensation expenses (non-GAAP), operating margin for the fiscal year ended May 31, 2008 was 26.9%, compared to 23.2% for the fiscal year ended May 31, 2007.

Net income for the fiscal year ended May 31, 2008 was US$49.0 million, a 71.4% increase year-over-year. Basic and diluted earnings per ADS for the fiscal year ended May 31, 2008 amounted to US$1.31 and US$1.25, respectively.

Net income excluding share-based compensation expenses (non-GAAP) for the fiscal year ended May 31, 2008 was US$57.8 million, a 73.7% increase year-over-year. Basic and diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the fiscal year ended May 31, 2008 were US$1.54 and US$1.48, respectively.

Outlook for the First Fiscal Quarter of 2009

New Oriental expects its total net revenues in the first quarter of fiscal year 2009 (June 1, 2008 to August 31, 2008) to be in the range of US$103.8 million to US$109.5 million, representing year-over-year growth in the range of 28% to 35%, respectively. This preliminary forecast could be negatively impacted by the Olympic Games which will take place August 8 to 24 during the middle of New Oriental's August term, due to potential travel and transportation logistics arrangements in Beijing and potential distractions as the nation and the World enjoy the Olympic Games. This forecast reflects New Oriental's current and preliminary view, which is subject to change.

Conference Call Information

New Oriental's management will host an earnings conference call on July 17, 2008 at 8 AM U.S. Eastern Time (8 PM Beijing/Hong Kong time, 1 PM BST).

Dial-in details for the earnings conference call are as follows: US: +1-617-597-5313 Hong Kong: +852-3002-1672 UK: +44-207-365-8426

Please dial-in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is "New Oriental earnings call."

A replay of the conference call may be accessed by phone at the following number until July 24, 2008:

International: +1-617-801-6888 Passcode: 37508821

Additionally, a live and archived webcast of the conference call will be available at http://investor.neworiental.org/ .

About New Oriental

New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. New Oriental's ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol ''EDU.''

For more information about New Oriental, please visit http://english.neworiental.org/ .

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook for first quarter of fiscal year 2009 and quotations from management in this announcement, as well as New Oriental's strategic and operational plans, contain forward-looking statements. New Oriental may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about New Oriental's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward- looking statement, including but not limited to the following: our growth strategies; our future business development, results of operations and financial condition; our ability to attract students without a significant decrease in course fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and enhance our "New Oriental" brand; our ability to effectively and efficiently manage the expansion of our school network and successfully execute our growth strategy; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the private education sector in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese private education market; and Chinese governmental policies relating to private educational services and providers of such services. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. New Oriental does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and New Oriental undertakes no duty to update such information, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement New Oriental's consolidated financial results presented in accordance with GAAP, New Oriental uses the following measures defined as non-GAAP financial measures by the SEC: net income excluding share-based compensation expenses, income from operations excluding share-based compensation expenses, operating costs and expenses excluding share-based compensation expenses, general and administrative expenses excluding share-based compensation expenses, operating margin excluding share-based compensation expenses and basic and diluted earnings per ADS excluding share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.

New Oriental believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses that may not be indicative of its operating performance from a cash perspective. New Oriental believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to New Oriental's historical performance and liquidity. New Oriental computes its non-GAAP financial measures using the same consistent method from quarter to quarter. New Oriental believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP net income excluding share-based compensation expenses, and basic and diluted earnings per share and per ADS excluding share-based compensation expenses is that these non-GAAP measures exclude share-based compensation charge that has been and will continue to be for the foreseeable future a significant recurring expense in our business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) As of May 31 As of February 29 2008 2008 (Unaudited) (Unaudited) USD USD ASSETS: Current assets: Cash and cash equivalents 208,440 230,090 Restricted cash 503 490 Term deposits 52,951 29,998 Accounts receivable, net 880 1,157 Inventory 10,693 9,365 Prepaid expenses and other current assets 13,015 10,161 Total current assets 286,482 281,261 Property, plant and equipment, net 103,098 99,519 Land use right, net 3,509 3,443 Amounts due from related parties -- 20 Deferred tax assets 1,399 1,002 Deposits for business acquisition of Mingshitang 2,017 -- Trade mark 236 230 Long term investment 2 2 Total assets 396,743 385,477 LIABILITIES, MINORITY INTEREST AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable-trade 7,033 8,059 Accrued expenses and other current liabilities 28,879 23,361 Income tax payable 2,755 5,312 Amount due to related parties 6 13 Deferred revenue 59,213 35,794 Total current liabilities 97,886 72,539 Total liabilities 97,886 72,539 Minority interest 177 186 Total shareholders' equity 298,680 312,752 Total liabilities, minority interest and shareholders' equity 396,743 385,477 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands except for per share and per ADS amounts) For the Three Months Ended May 31 2008 2007 (Unaudited) (Unaudited) USD USD Net Revenues: Educational Programs and services 35,226 21,897 Books and others 4,942 2,817 Total net revenues 40,168 24,714 Operating costs and expenses (note 1): Cost of revenues 17,669 11,709 Selling and marketing 7,492 4,997 General and administrative 15,215 11,487 Total operating costs and expenses 40,376 28,193 Operating loss (208) (3,479) Other income, net 1,119 1,919 Provision for income taxes 806 (14) Minority interest, net of taxes 45 37 Net Income (loss) 1,762 (1,537) Net income (loss) per share-basic 0.01 (0.01) Net income (loss) per share-diluted 0.01 (0.01) Net income (loss) per ADS-basic (note 2) 0.05 (0.04) Net income (loss) per ADS-diluted (note 2) 0.05 (0.04) Notes: Note 1: Share-based compensation expenses (in thousands) are included in the operating costs and expenses as follows: For the Three Months Ended May 31 2008 2007 (Unaudited) (Unaudited) USD USD Cost of revenues 206 231 Selling and marketing 41 66 General and administrative 2,498 1,975 Total 2,745 2,272 Note 2: Each ADS represents four common shares. NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES (In thousands except share and per ADS amounts) For the Three Months Ended May 31 2008 2007 (Unaudited) (Unaudited) USD USD General and administrative expenses 15,215 11,487 Share-based compensation expense in general and administrative expenses 2,498 1,975 Non-GAAP general and administrative expenses 12,717 9,512 Total operating costs and expenses 40,376 28,193 Share-based compensation expenses 2,745 2,272 Non-GAAP operating costs and expenses 37,631 25,921 Operating loss (208) (3,479) Share-based compensation expenses 2,745 2,272 Non-GAAP operating income (loss) 2,537 (1,207) Operating margin -0.5% -14.1% Non-GAAP operating margin 6.3% -4.9% Net income (loss) 1,762 (1,537) Share-based compensation expense 2,745 2,272 Non-GAAP net income 4,507 735 Net income (loss) per ADS - basic (note 1) 0.05 (0.04) Net income (loss) per ADS - diluted (note 1) 0.05 (0.04) Non-GAAP net income per ADS - basic (note 1) 0.12 0.02 Non-GAAP net income per ADS - diluted (note 1) 0.12 0.02 Weighted average shares used in calculating basic net income per ADS (note 1) 149,975,585 152,004,707 Weighted average shares used in calculating diluted net income per ADS (note 1) 155,980,034 152,004,707 Weighted average shares used in calculating basic non-GAAP net income per ADS (note 1) 149,975,585 152,004,707 Weighted average shares used in calculating diluted non-GAAP net income per ADS (note 1) 155,980,034 158,618,688 Note 1: Each ADS represents four common shares. NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands except for per share and per ADS amounts) For the Year Ended May 31 2008 2007 (Unaudited) (Unaudited) USD USD Net Revenues: Educational Programs and services 183,917 123,543 Books and others 17,086 9,060 Total net revenues 201,003 132,603 Operating costs and expenses (note 1): Cost of revenues 77,219 53,744 Selling and marketing 25,617 16,549 General and administrative 52,832 36,218 Total operating costs and expenses 155,668 106,511 Operating income 45,335 26,092 Other income, net 7,149 4,209 Provision for income taxes (3,644) (1,830) Minority interest, net of taxes 173 128 Net Income 49,013 28,599 Net income per share-basic 0.33 0.21 Net income per share-diluted 0.31 0.20 Net income per ADS-basic (note 2) 1.31 0.85 Net income per ADS-diluted (note 2) 1.25 0.80 Notes: Note 1: Share-based compensation expenses (in thousands) are included in the operating costs and expenses as follows: For the Year Ended May 31 2008 2007 (Unaudited) (Unaudited) USD USD Cost of revenues 707 277 Selling and marketing 226 109 General and administrative 7,808 4,262 Total 8,741 4,648 Note 2: Each ADS represents four common shares. NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES (In thousands except share and per ADS amounts) For the Year Ended May 31 2008 2007 (Unaudited) (Unaudited) USD USD General and administrative expenses 52,832 36,218 Share-based compensation expense in general and administrative expenses 7,808 4,262 Non-GAAP general and administrative expenses 45,024 31,956 Total operating costs and expenses 155,668 106,511 Share-based compensation expenses 8,741 4,648 Non-GAAP operating costs and expenses 146,927 101,863 Operating income 45,335 26,092 Share-based compensation expenses 8,741 4,648 Non-GAAP operating income 54,076 30,740 Operating margin 22.6% 19.7% Non-GAAP operating margin 26.9% 23.2% Net income 49,013 28,599 Share-based compensation expense 8,741 4,648 Non-GAAP net income 57,754 33,247 Net income per ADS - basic (note 1) 1.31 0.85 Net income per ADS - diluted (note 1) 1.25 0.80 Non-GAAP net income per ADS - basic (note 1) 1.54 0.98 Non-GAAP net income per ADS - diluted (note 1) 1.48 0.93 Weighted average shares used in calculating basic net income per ADS (note 1) 149,992,200 135,326,711 Weighted average shares used in calculating diluted net income per ADS (note 1) 156,449,101 143,202,314 Weighted average shares used in calculating basic non-GAAP net income per ADS (note 1) 149,992,200 135,326,711 Weighted average shares used in calculating diluted non-GAAP net income per ADS (note 1) 156,449,101 143,202,314 Note 1: Each ADS represents four common shares. For investor and media inquiries, please contact: In China: Ms. Sisi Zhao New Oriental Education and Technology Group Inc. Tel: +86-10-6260-5566 x8203 Email: zhaosisi@staff.neworiental.org Mr. Derek Mitchell Ogilvy Financial, Beijing Tel: +86-10-8520-6284 Email: derek.mitchell@ogilvy.com In the United States: Mr. Jeremy Bridgman Ogilvy Financial, New York Tel: +1-212-880-5363 Email: jeremy.bridgman@ogilvypr.com

New Oriental Education & Technology Group Inc.

CONTACT: In China, Ms. Sisi Zhao of New Oriental Education and
Technology Group Inc., +86-10-6260-5566 x8203, or
zhaosisi@staff.neworiental.org, or Mr. Derek Mitchell of Ogilvy Financial,
Beijing, +86-10-8520-6284, or derek.mitchell@ogilvy.com, or in the United
States, Mr. Jeremy Bridgman of Ogilvy Financial, New York, +1-212-880-5363, or
jeremy.bridgman@ogilvypr.com, both for EDU

Web Site: http://investor.neworiental.org/

StarTek Expands Internationally to PhilippinesStrategic Move Provides Clients With Greater Flexibility and New Delivery Channel

DENVER, July 17 /PRNewswire-FirstCall/ -- StarTek, Inc. today announced a new contact center in the Philippines that is expected to open in the fourth quarter of this year. The new overseas facility complements the company's 21 centers currently operational in North America, all of which focus on providing StarTek's clients with the highest quality in customer management solutions, including customer care, technical support and back-office support. This new capability rounds out "StarTek Choice," a flexible option composed of three quality delivery channels including North American support, offshore support, and the virtual solution known as StarTek-At-Home.

The nation's largest communications companies currently use StarTek's North American-based services, but also seek cost-effective, round-the-clock services through offshore delivery channels. After careful consideration, StarTek selected the Philippines as the optimal location for its offshore center for the following reasons:

-- Large talent pool of highly literate, English speaking, college-educated workers, with great cultural affinity to the U.S. and customer care skills -- Reliable, and redundant communications infrastructure, including dedicated connectivity to the U.S. that ensures high voice quality to U.S.-based customers -- Opportunity for lower cost operations due to attractive labor rates

"Cable, telephone and wireless communications companies require high quality, cost effective support in order to achieve their business objectives in the current competitive marketplace," said Larry Jones, StarTek's President and Chief Executive Officer. "When it really matters, clients look to StarTek to optimize and leverage multiple delivery platforms. By opening a new facility in the Philippines, we expect to provide them with the flexibility of three quality delivery channels for customer service and back-office support."

The 78,000 square foot center is located on Sen. Gil J. Puyat Avenue in Makati City, and at full capacity, is planned to house approximately 1,100 customer care representatives. A StarTek veteran with more than twenty years in the contact center industry is already in-country. The center is expected to open early in the fourth quarter of this year.

"We're committed to giving our clients a quality experience whether they are using a center in Greeley, Colo. or Makati City, Philippines," said Jones. "To our clients and their customers, our goal is that the experience be seamless."

Additional information about StarTek's new Filipino contact center is available at http://www.startek.com/.

ABOUT STARTEK

When it really matters, communications companies look to StarTek , a leading provider of high value business process outsourcing services. Since 1987, StarTek has partnered with their clients to solve strategic business challenges, improve customer retention, increase revenue and reduce costs through an improved customer experience. Known for creating the highest customer service for clients and their customers, StarTek services include customer care, sales support, complex order processing, accounts receivable management, technical support and other industry-specific processes. Headquartered in Denver, Colo., StarTek operates 21 facilities. For more information, visit http://www.startek.com/ or call 800.541.1130.

FORWARD-LOOKING STATEMENTS

The matters regarding the future discussed in this news release include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to a number of risks and uncertainties.

Important risks and uncertainties relating to the contact center opening described above that could cause StarTek's actual results to differ materially from those expressed or implied by any such forward-looking statements arise from dependence on and requirement to recruit qualified employees, labor costs, management turnover, considerable pricing pressure, capacity utilization of our facilities, inability to effectively manage growth, risks associated with advanced technologies, highly competitive markets, geopolitical military conditions, interruption to our business, and increasing costs of or interruptions in telephone and data services, as more fully described in the Company's Form 10-K for the year ended December 31, 2007. Other factors include, but are not limited to, inability to realize anticipated productivity, not realizing anticipated call volumes, foreign exchange risks and other risks relating to conducting business in the Philippines, risks relating to our revenue from our principal clients, concentration of our client base in the communications industry, consolidation in the communications industry, trend of communications companies to out-source non-core services, lack of success of our clients' products or services, risks related to our contracts, and decreases in numbers of vendors used by clients or potential clients. Readers are encouraged to review Management's Discussion and Analysis of Financial Condition and Results of Operations - Risk Factors and all other disclosures appearing in the Company's Form 10-K for the year ended December 31, 2007, and subsequent filings with the Securities and Exchange Commission.

StarTek, Inc.

CONTACT: PR and industry analyst, Mary Beth Loesch, Senior VP Business
Development of StarTek, Inc., +1-303-262-4411, mb.loesch@startek.com, or
Claire Mylott of SSA Public Relations, +1-303-707-1776, claire@gotossa.com,
for StarTek, Inc.; or investor relations, Julie Pierce, Director of SEC
Reporting of StarTek, Inc., +1-303-262-4587, julie.pierce@startek.com

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

GigaMedia Partners with EA and Tencent in China for NBA STREET Online

'Dream Team' Partnership Will Bring Top Sports Title to Giant Marketplace: a 'Monster Slam Dunk'

HONG KONG, July 17 /Xinhua-PRNewswire-FirstCall/ -- GigaMedia Limited announced today that it has secured an exclusive license to offer in China the highly anticipated EA SPORTS(TM) title NBA STREET Online, an exciting new sports game from Electronic Arts Inc. , the world's leading developer and publisher of interactive entertainment.

In addition, GigaMedia and EA have entered into a strategic marketing partnership with Tencent Holdings Limited ("Tencent"), a leading provider of Internet, mobile and telecommunications value-added services in China.

"No one delivers sports action like EA and no one has a larger or more active community than Tencent," stated GigaMedia CEO Arthur Wang. "The partnership of Giga -- the leading online sports game provider -- with EA and Tencent is truly the Dream Team of online games in China."

NBA STREET Online is a real-time, multi-player online version of EA's phenomenally popular NBA games series, featuring fast-paced street basketball action with today's biggest NBA superstars, all in true-to-life detail.

NBA STREET Online addresses a huge fan base in China, which already represents the largest NBA market outside the United States with an estimated 300 million Chinese playing basketball -- making it the favorite sports game among China's youth, according to the NBA. NBA.com / China has rapidly become one of the most popular sports sites in China and NBA is consistently the most searched sports term on Baidu.com, the top search engine in the nation.

"We are honored to partner with EA, the NBA and Tencent to bring the incomparable action, style, and excitement of NBA basketball to China in EA's brilliant new game," stated GigaMedia President Thomas Hui. "For the 300 million basketball players and millions of gamers in China, EA's NBA STREET Online is a monster slam dunk."

"We are very pleased to have top game provider GigaMedia and top Internet company Tencent as our partners for NBA STREET Online in China," said Jon Niermann, President of EA Asia. "Basketball is one of the most popular sports in China and with this powerful partnership, we are confident we have a winning formula for NBA STREET Online in the market."

GigaMedia's leadership in online sports games and entertainment and Tencent's position as China's largest Internet service provider provide this partnership with unprecedented market understanding and resources to launch NBA STREET Online in China and drive strong growth. The partnership will enjoy the unmatched reach of the Tencent community, with over 318 million active user accounts on its QQ instant messaging platform as of March 31, 2008.

"We are pleased to join GigaMedia and EA to promote this exciting, world- class product. We believe this game will provide a wonderful sports gaming experience for our users, complementing the large collection of games we already have on our gaming platform. This is a great example of our effort to explore various partnership models with other successful online game companies in providing the best gaming experience to users on our gaming platform," stated Tencent President Martin Lau.

GigaMedia has exclusive rights to offer NBA STREET Online in China for three years.

The agreement follows GigaMedia's previously announced partnership with EA to operate NBA STREET Online in Taiwan, Hong Kong, and Macau, and that of GigaMedia's affiliate Infocomm Asia Holdings to operate EA SPORTS(TM) FIFA Online 2 in Asia Pacific.

NBA STREET Online was co-developed by EA Canada and Neowiz Games. NBA Street Online is expected to launch in China in the fall of 2008.

For further information on NBA STREET Online, visit http://info.ea.com/ and http://www.ea.com.cn/ .

About GigaMedia

GigaMedia Limited (Singapore registration number: 199905474H) is a major provider of online entertainment software and services. GigaMedia develops and licenses software for online gaming. GigaMedia also operates online games businesses including FunTown, a leading Asian casual games operator and the world's largest online MahJong game site in terms of revenue, and T2CN, a leading online sports game provider in China. More information on GigaMedia can be obtained from http://www.gigamedia.com.tw/ .

About Tencent

Tencent aims to enrich the interactive experience of Internet users in China by providing a comprehensive range of Internet and wireless value-added services. Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, QQ Game portal, multi-media blog service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e- Commerce on the Internet.

Tencent has three main streams of revenues: Internet value-added services, mobile and telecommunications value-added services and online advertising.

Shares of Tencent Holdings Limited are traded on the Main Board of the Stock Exchange of Hong Kong Limited, under stock code 00700. The company became one of the 43 constituents of the Hang Seng Index (HSI) on June 10, 2008. For more information, please visit http://www.tencent.com/ir .

About Electronic Arts

Electronic Arts Inc. (EA), headquartered in Redwood City, California, is the world's leading interactive entertainment software company. Founded in 1982, the Company develops, publishes, and distributes interactive software worldwide for video game systems, personal computers, cellular handsets and the Internet. Electronic Arts markets its products under four brand names: EA SPORTS(TM), EA(TM), EA SPORTS Freestyle(TM) and POGO(TM). In fiscal 2008, EA posted GAAP net revenue of $3.67 billion and had 27 titles that sold more than one million copies. EA's homepage and online game site is http://www.ea.com/ . More information about EA's products and full text of press releases can be found on the Internet at http://info.ea.com/ .

EA, EA SPORTS, EA SPORTS Freestyle, and POGO are trademarks or registered trademarks of Electronic Arts Inc. in the U.S and/or other countries.

NBA is a registered trademark of NBA Properties, Inc. EA SPORTS NBA Street Online is manufactured under license by Electronic Arts. All other trademarks are the property of their respective owners.

About Neowiz Games

Neowiz Games Co. Ltd, headquartered in Seoul, South Korea, is the nation's leading online game company. Neowiz Games is expected to post revenues of $160 million for fiscal 2007. The company develops and publishes online games: Neowiz has over 50 online game titles in service including the most popular online game in Korea called EA SPORTS FIFA Online, Ray City, etc. Neowiz markets its products under its online game portal http://www.pmang.com/ .

More information about the company and press releases can be found on the Internet at http://www.neowiz.com/ .

Safe Harbor Statement

The statements included above and elsewhere 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. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in June 2008.

Contact: GigaMedia Limited Brad Miller Investor Relations Director Tel: +886-2-2656-8016 Email: brad.miller@gigamedia.com.tw Tencent Catherine Chan General Manager, Investor Relations Tel: +86-755-8601-3388 ext. 8369 or +86-755-8376-9533 Email: cchan@staff.tencent.com Electronic Arts Daphne Chua Regional Corporate Communications, Asia Pacific Tel: +65-8157-7635 Email: DChua@ea.com

GigaMedia Limited

CONTACT: Brad Miller of GigaMedia Limited, +886-2-2656-8016, or
brad.miller@gigamedia.com.tw; Catherine Chan of Tencent, +86-755-8601-3388
ext. 8369 or +86-755-8376-9533, cchan@staff.tencent.com; Daphne Chua of
Electronic Arts, +65-8157-7635, or DChua@ea.com

Web site: http://www.gigamedia.com.tw/
http://www.tencent.com/ir
http://www.ea.com/
http://www.pmang.com/
http://www.neowiz.com/

Nu Skin Enterprises to Announce Second Quarter 2008 Results

PROVO, Utah, July 17 /PRNewswire-FirstCall/ -- Nu Skin Enterprises, Inc. announced that it will release second quarter financial results prior to the market opening on Thursday, July 31, 2008.

Truman Hunt, president and chief executive officer, will host a conference call with the investment community later that same day beginning at 11 a.m. (EDT). During the call, participants can expect to hear management review past results and discuss upcoming plans and business initiatives.

The webcast of the conference call, including the financial information to be presented, will be available on the investor section of the company's Web site at http://www.nuskinenterprises.com/. A replay of the webcast will be available at the same location through Friday, Aug. 15, 2008.

The Company

Nu Skin Enterprises, Inc. is a global direct selling company operating in 47 markets throughout Asia, the Americas and Europe. The company markets premium-quality personal care products under the Nu Skin(R) brand, science-based nutritional supplements under the Pharmanex(R) brand and technology-based products and services under the Big Planet(R) brand. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol "NUS."

Nu Skin Enterprises, Inc.

CONTACT: investors, Scott Pond, +1-801-345-2657, spond@nuskin.com, or
media, Kara Schneck, +1-801-345-2116, kschneck@nuskin.com, both of Nu Skin
Enterprises, Inc.

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

Motorola Broadband Solutions Win InfoVision Awards for InnovationBroadband technologies from Motorola receive world recognition

HONG KONG, July 17 /PRNewswire-FirstCall/ -- BROADBAND WORLD FORUM ASIA 2008 -- Motorola, Inc. today announced that two of its innovative broadband solutions have been awarded the InfoVision Award, presented by the International Engineering Consortium (IEC) at the Broadband World Forum Asia 2008.

Judged by a panel of industry experts ranging from vendor companies to service providers and industry associations, Motorola's CPEi 750 Desktop CPE and VODxchange(TM) VOD Content Creation System were recognized as best and most innovative products in their respective categories.

The InfoVision Award recognizes technologies, applications, products, advances and services judged to be the most unique and beneficial to the telecommunications industry and consumers.

"We are honored to win these prestigious awards and to be recognized for the innovative work we have done in the broadband area," said Drina Yue, vice president, Region Management, Asia Pacific, Home & Networks Mobility, Motorola Asia Pacific Limited. "These successes reiterate Motorola's expertise in home and network communications, and are further evidence of our leadership in delivering media mobility experiences to users."

The InfoVision awards that Motorola have won include:

Motorola WiMAX CPEi 750 Desktop CPE in Broadband Appliances, Devices, and Home Networking category

Motorola WiMAX CPEi 750 Desktop offers a 2.5 GHz and 3.5 GHz bands WiMAX solution tailored to appeal to all subscribers of operators. With exceptional ease of use and sleek styling, CPEi 750 is WiMAX Wave 2 ready as with VoIP capabilities built in. It delivers fast, reliable, high-speed wireless Internet connectivity without the waiting for installation, complex configuration and operator intervention.

Motorola VODxchange(TM) VOD Content Creation System in Network and Services Management and Operations category

The next generation encoder platform Motorola VODxchange VOD Content Creation System ingests digital and analog video content and transcodes a wide range of file formats to create ready-to-deliver MPEG-4 AVC files for on-demand services. It offers real-time HD, SD and low resolution compression options to support distribution to the widest range of service types, including the Internet, set tops and mobile devices. The system also provides a real time monitoring and quality control tool to ensure that content is created with the highest visual quality and standards compliance.

For more news and information about Motorola at the Broadband World Forum Asia 2008, please visit: http://www.motorola.com/events/broadbandforum.

About Motorola

Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.

MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO
http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Motorola, Inc.

CONTACT: Cordia So of Motorola Home & Networks Mobility, Asia Pacific,
+852 2966 3804, cordia.so@motorola.com; or Walter Lee of Fleishman-Hillard
Hong Kong, +852 2111 3574, walter.lee@fleishman.com, for Motorola, Inc.

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

Verizon Wireless Expands Wireless Broadband Network in Ohio to Portions of Licking County, OhioHigh-Speed Network Gives Verizon Wireless Customers Access to Fast Wireless Internet, Email, Mobile Music, Videos and More

HANOVER, Ohio, July 17 /PRNewswire/ -- Verizon Wireless announced today that it has expanded the national rollout of its high-speed wireless network to portions of Licking County including the town of Hanover along portions of SR-16 on the eastern edge of the county.

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

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

-- BroadbandAccess, the enhanced high-speed wireless service that equips Verizon Wireless' business customers with a truly untethered mobile office experience, enabling them to wirelessly access their calendars, the Internet, email and critical business information residing behind their companies' firewalls; and

-- V CAST, a consumer-oriented multimedia service that gives customers access to the most comprehensive selection of downloadable music, high-quality videos and the coolest 3D games found anywhere.

BroadbandAccess

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

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

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

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

V CAST: Video and Music

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

With V CAST Music, Verizon Wireless has built a massive full-song mobile music store that contains more than 2.8 million songs -- from well-known as well as independent artists -- that customers can download over-the-air, directly onto their V CAST Music-enabled wireless phones.

Investment

The multi-million dollar expansion includes the installation of high-tech wireless hardware and software in wireless transmission sites throughout the region. Verizon Wireless has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. Last year, the company invested nearly $190 million in its Ohio network improvements.

Verizon Wireless was the first national wireless provider to commercially launch a high-speed wireless broadband network in the United States. Hanover is the latest market to be added to the coverage.

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

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia

Verizon Wireless

CONTACT: Laura Merritt of Verizon Wireless, +1-614-560-2605,
laura.merritt@verizonwireless.com; or George Heddleston, +1-866-667-9110,
gheddleston@woh.rr.com, for Verizon Wireless

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

AT&T U-verse Voice Launches in IndianapolisNext-Generation Voice Service Offers Convenient Integrated Wired and Wireless Features, Reliable Call Quality

INDIANAPOLIS, July 17 /PRNewswire-FirstCall/ -- AT&T Inc. today announced the availability of AT&T U-verse(SM) Voice in parts of the Indianapolis area, bringing consumers a next-generation digital voice service delivered over the AT&T U-verse Internet Protocol (IP) network. U-verse Voice brings together your AT&T home phone, wireless, broadband and TV services -- all on one bill -- with unique features that provide a new level of integration, convenience and control.

AT&T U-verse Voice completes the company's IP triple play and is available to all new and existing U-verse TV customers in the Indianapolis, Bloomington, Muncie and Anderson areas. With U-verse Voice, customers receive new features that highlight the benefits of having advanced video, broadband, wireless and home phone services from a single provider.

"AT&T U-verse Voice is one more way we're making all of our AT&T services work together for our customers and connecting them to their world," said Bob Nixon, AT&T general manager for Indiana and Michigan. "U-verse Voice uses the power of IP to enhance the calling experience. Just like U-verse TV has changed the way people watch television, U-verse Voice will change the way people use their home phone."

AT&T U-verse Voice is a managed IP-based service that is delivered over AT&T's fiber-rich network, unlike many Voice over IP (VoIP) providers that offer best-effort digital phone services over the public Internet. This allows U-verse Voice customers to enjoy great sound quality and reliability, as well as unmatched calling features that combine with your AT&T U-verse TV, broadband and wireless services from AT&T.

"When we passed the telecom and video reform bill, we knew that consumers would benefit from new competitive choices for voice and video services," said state Rep. Mike Murphy. "This launch is another great example of how consumers win in a competitive market."

"Our deployment of U-verse Voice is an integral part of the planned $300 million in investment that AT&T has delivered in Indiana as a result of progressive reform legislation," said George S. Fleetwood, president, AT&T Indiana. "Gov. Daniels and the members of the Indiana General Assembly should be applauded for their vision."

AT&T U-verse Voice has advanced features that go beyond traditional phone service and many competitors' offerings, including:

-- Combined AT&T U-verse Voice and AT&T wireless voice mail with U-verse Messaging, which provides a single voice mailbox that can be accessed from any phone line or PC. -- U-verse Central, an online management portal that gives you the option to easily and conveniently manage your call preferences, voice mail, contacts, call history and more from any PC, in addition to the ability to control call preferences from your home phone. -- An online voice mailbox to check, manage and forward voice mail from the online portal, much like an e-mail inbox. -- Call History, which enables you to view your most recent incoming and outgoing calls online or to view your most recent incoming calls on your AT&T U-verse TV screen. -- Click to Call, which will initiate a call from your home phone to any number in your Call History with one click of a mouse or the U-verse TV remote control. -- An online Address Book that is accessible from any PC and allows you to Click to Call from your home phone, to create and share contact groups with other U-verse Voice customers or to set up distribution lists for voice messages. -- Locate Me, a feature that provides simultaneous ringing on up to four wireless or landline numbers so that you never miss an important incoming call. -- Traditional calling features, such as Call Screening, Call Blocking, Do Not Disturb and privacy settings.

All U-verse Voice customers will have 911 service. Where available via the local 911 network, U-verse Voice customers will have Enhanced 911 (E911) service.

U-verse TV customers can choose from two flexible U-verse Voice calling plans:

-- U-verse Voice Unlimited, which includes unlimited local and nationwide minutes to any location in the U.S., Canada or U.S. territories for $40 a month. -- U-verse Voice 1000, which includes 1,000 Call Anywhere minutes to any location in the U.S. or U.S. territories for $30 a month.

A second phone line, which shares the primary line's calling plan, can be added for $20 a month, and each plan features competitive international rates with no recurring monthly charge. Professional installation is included for new AT&T U-verse customers who order U-verse TV and Voice.

AT&T's wireless customers who subscribe to an AT&T Unity(SM) plan can call any AT&T U-verse Voice number from their mobile phone as part of the nation's largest free calling community without using any wireless Anytime Minutes.

For additional information on AT&T U-verse, visit http://uverse.att.com/. 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. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. 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/.

Cautionary Language Concerning Forward-Looking Statements

Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

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 and detailed disclaimer information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

AT&T Inc.

CONTACT: Chris Bauer of AT&T Inc., Mobile, +1-414-520-3535,
cbauer@attnews.us

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

EnerSys remporte des contrats de 13 millions USD pour la fourniture de batteries de sous-marins

READING, Pennsylvanie, July 17 /PRNewswire/ --

EnerSys (NYSE : ENS), le plus grand fabricant, commerçant et distributeur mondial de batteries industrielles, a annoncé avoir décroché ces dernières semaines des contrats d'une valeur totale de plus de 13 millions USD pour la fourniture de batteries d'accumulateurs de sous-marins. Ces batteries devraient Ãªtre livrées sur une période de plusieurs années.

Les commandes, qui ont été reçues du constructeur de navire allemand HDW, visent la fourniture de batteries de sous-marins destinées à la propulsion des navires diesel-électriques de plusieurs marines à travers le monde. Outre la fourniture des batteries, ces contrats prévoient l'entretien permanent et le soutien technique à la clientèle. Les batteries seront fabriquées dans les toutes nouvelles installations d'EnerSys qui ont été spécialement conçues à cette fin en Europe.

<< EnerSys et ses prédécesseurs fournissent des batteries de sous-marins depuis plus de 100 ans déjà >>, a déclaré John Craig, président-directeur général d'EnerSys. << Nos batteries d'accumulateurs sont réputées pour leur qualité et leur service et elles sont utilisées par les marines du monde entier, tant pour les sous-marins diesel-électriques que pour les sous-marins nucléaires. Ces derniers contrats confirment notre position de force sur le marché mondial de la fourniture de batteries pour l'industrie de l'armement. >>

<< Ces récents contrats ont été remportés malgré une concurrence internationale féroce. Ils reflètent ainsi notre volonté de poursuivre notre croissance dans cet important secteur en offrant des solutions de stockage d'énergie efficaces et à valeur ajoutée pour nos applications d'armement terrestres, navales et aéromobiles >>, a expliqué pour sa part le président d'EnerSys Europe, Ray Kubis.

Mise en garde concernant les énoncés prospectifs

Le présent communiqué (ainsi que les déclarations orales émises en rapport avec les sujets qui y sont abordés) contient des énoncés prospectifs au sens de la Private Securities Litigation Reform Act de 1995. Ces énoncés prospectifs peuvent comprendre, entre autres, (i) des énoncés concernant les projets, les objectifs, les attentes et les intentions d'EnerSys, ainsi que d'autres énoncés contenus dans ce communiqué de presse qui ne constituent pas des faits historiques et qu'il est possible de reconnaître notamment à l'emploi de termes tels que << s'attendre à >>, << anticiper >>, << avoir l'intention de >>, << planifier >>, << croire >>, << chercher à >>, << estimer >>, le verbe << Ãªtre >> conjugué au futur et d'autres termes ayant une signification semblable; et (ii) des énoncés concernant les avantages découlant des contrats susmentionnés, notamment toute incidence sur les résultats financiers, les résultats d'exploitation et les prévisions, et toute incidence sur la position d'EnerSys sur le marché pouvant découler de ces contrats. Ces énoncés prospectifs reposent sur les convictions et les attentes actuelles de la direction et sont par nature assujettis à d'importantes incertitudes et éventualités sur le plan des activités, de l'économie et de la concurrence, dont un grand nombre sont hors de notre contrôle. Les facteurs énoncés dans le présent communiqué, parmi d'autres, pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux décrits dans les énoncés prospectifs. EnerSys pourrait ne tirer aucun avantage de ces contrats. Les énoncés contenus dans ce communiqué de presse sont exacts à la date de publication dudit communiqué, mÃªme si celui-ci est diffusé ultérieurement par EnerSys sur son site Internet ou de toute autre façon. Par ailleurs, EnerSys rejette toute obligation de mettre à jour ces énoncés prospectifs à la lumière de situations ou d'événements ultérieurs aux présents énoncés prospectifs. Pour obtenir une liste des autres facteurs pouvant avoir une incidence sur les résultats d'EnerSys, veuillez consulter les documents d'Energys déposés auprès de la Securities and Exchange Commission, y compris la rubrique << Item 1A. Risk Factors >> comprise dans le rapport annuel d'EnerSys sur formulaire 10-K pour l'exercice clos le 31 mars 2008.

Ã€ propos d'EnerSys

EnerSys, chef de file mondial des solutions d'énergie emmagasinée pour les applications industrielles, se spécialise dans la fabrication, la distribution et l'entretien de batteries d'alimentation de secours et de batteries d'accumulateurs à force motrice, de chargeurs, d'équipements énergétiques et d'accessoires de batteries pour des clients du monde entier. Les batteries d'alimentation de secours sont utilisées dans le secteur des télécommunications et des services publics, par les fournisseurs d'alimentation sans coupure et dans de nombreuses applications nécessitant une alimentation de secours. Les batteries à force motrice sont quant à elles utilisées dans des chariots élévateurs à fourches électriques et d'autres véhicules commerciaux fonctionnant à l'électricité. La société fournit également des services de soutien et après-vente à ses clients dans plus de 100 pays par le biais de ses sites de vente et de fabrication à travers le monde.

EnerSys

Richard Zuidema, vice-président exécutif d'EnerSys, +1-800-538-3627

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