Verizon Wireless to Host PDA and Smartphone Workshops at Manhattan Communications Stores"20 Things a PDA Can Do For You" Teaches Customers Productive New Wireless Applications; Workshops Offered August 6, 13, 20 and 28

NEW YORK, July 23 /PRNewswire/ -- Ask anyone what they need more of and the answer will most likely be 'time.' It's our most valuable commodity and why so many consumers are turning to Smartphones and PDAs to help manage it. Wireless customers who apply business principles to manage their personal lives can save time, be more productive and, ultimately, carry a lighter load at work and at home.

Now, for the first time, consumers who don't have access to an IT department or a help desk, can turn to Verizon Wireless for help in learning how to maximize all the capabilities new wireless devices have to offer. The company is offering free PDA and Smartphone workshops at Verizon Wireless Communications Stores throughout the New York Metro area to help customers learn how to make these devices work for them. Each class, aptly named "20 Things a PDA Can Do For You," will focus on a particular product and service so customers can get in-depth information, quickly.

Four workshops will be offered at the following Verizon Wireless Communications Stores this month:

-- 157-161 East 86th Street, between 3rd and Lexington Avenues, Wednesday, August 13; 2 p.m. to 6 p.m. To register call: 917-492-2583.

-- 134 West 34th Street across from Macy's between 7th Avenue and Broadway: Wednesday, August 6 and August 20; 1 p.m. to 4 p.m. To register call: 917-351-8000.

-- 1266 Third Avenue near 73rd Street: Thursday, August 28; 2 p.m. to 6 p.m. To register call: 212-606-4700.

Ideal for everyone from the small business owner to the soccer mom, customers will receive free hands-on tutorials from local Verizon Wireless data experts.

"The traditional business tool has become a life management tool," said Pat Devlin, president of the company's New York/ New Jersey Metro Region. "These wireless devices are packed with rich, multimedia capabilities and services, allowing customers to stay connected to work, family and friends while on-the-go. Participants will receive uninterrupted hands-on instruction that will enable them to maximize our wireless products and services to meet their everyday communications needs."

The classes are expected to fill up quickly and seating is limited. Topics covered will include text messaging, music synchronization, email management and Internet browsing. The workshops will focus on Palm products such as the new Centro.

Registration is preferred but walk-ins are welcome. To register, call the store location or visit http://www.nympdaworkshops.wds.vzw.com/

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 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: David Samberg of Verizon Wireless, +1-845-365-7212,
David.Samberg@VerizonWireless.com; or Gisela Lopez for Verizon Wireless,
+1-973-968-7928, gisela.lopez@vivianipr.com

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

Verizon Wireless to Host PDA and Smartphone Workshops at Monmouth County Communications Stores"20 Things a PDA Can Do For You" Teaches Customers Productive New Wireless Applications; Workshops Offered in Hazlet on August 5, and Manalapan on August 20

MORRISTOWN, N.J., July 23 /PRNewswire/ -- Ask anyone what they need more of and the answer will most likely be 'time.' It's our most valuable commodity and why so many consumers are turning to Smartphones and PDAs to help manage it. Wireless customers who apply business principles to manage their personal lives can save time, be more productive and, ultimately, carry a lighter load at work and at home.

Now, for the first time, consumers who don't have access to an IT department or a help desk, can turn to Verizon Wireless for help in learning how to maximize all the capabilities new wireless devices have to offer. The company is offering free PDA and Smartphone workshops at Verizon Wireless Communications Stores throughout the New Jersey/New York Metro area to help customers learn how to make these devices work for them. Each class, aptly named "20 Things a PDA Can Do For You," will focus on a particular product and service so customers can get in-depth information, quickly.

The workshops will be offered at the following Verizon Wireless Communications Stores in Monmouth County this month:

-- Hazlet: Tuesday, August 5, 2996 Route 35 South in the Kmart Shopping Plaza; 11 a.m. to 2 p.m. To register call: 732-203-9160.

-- Manalapan: Wednesday, August 20, 55 Route 9 South; 11 a.m. to 2 p.m. To register call: 732-409-2722.

Ideal for everyone from the small business owner to the soccer mom, customers will receive free hands-on tutorials from local Verizon Wireless data experts.

"The traditional business tool has become a life management tool," said Pat Devlin, president of the company's New York/ New Jersey Metro Region. "These wireless devices are packed with rich, multimedia capabilities and services, allowing customers to stay connected to work, family and friends while on-the-go. Participants will receive uninterrupted hands-on instruction that will enable them to maximize our wireless products and services to meet their everyday communications needs."

The classes are expected to fill up quickly and seating is limited. This workshop will focus on Palm products such as the new Palm Centro. Topics covered will include text messaging, music synchronization, email management and Internet browsing.

Registration is preferred but walk-ins are welcome. To register, call the store location or visit http://www.nympdaworkshops.wds.vzw.com/

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 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: David Samberg of Verizon Wireless, +1-845-365-7212,
David.Samberg@VerizonWireless.com; or Gisela Lopez for Verizon Wireless,
+1-973-968-7928, gisela.lopez@vivianipr.com

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

Verizon Wireless to Host PDA and Smartphone Workshops at Nassau County Communications Stores"20 Things a PDA Can Do For You" Teaches Customers Productive New Wireless Applications; Workshops Offered on August 5, 18 and 19

ORANGEBURG, N.Y., July 23 /PRNewswire/ -- Ask anyone what they need more of and the answer will most likely be 'time.' It's our most valuable commodity and why so many consumers are turning to Smartphones and PDAs to help manage it. Wireless customers who apply business principles to manage their personal lives can save time, be more productive and, ultimately, carry a lighter load at work and at home.

Now, for the first time, consumers who don't have access to an IT department or a help desk, can turn to Verizon Wireless for help in learning how to maximize all the capabilities new wireless devices have to offer. The company is offering free PDA and Smartphone workshops at Verizon Wireless Communications Stores throughout the New York Metro area to help customers learn how to make these devices work for them. Each class, aptly named "20 Things a PDA Can Do For You," will focus on a particular product and service so customers can get in-depth information, quickly.

Three workshops will be offered at Verizon Wireless Communications Stores in Nassau County this month:

-- 49 Old Country Road, Westbury: Tuesday, August 5, 1 p.m. to 3 p.m. To register call: 516-937-2960.

-- 1530 Northern Blvd, Manhasset: Monday, August 18, 1 p.m. to 3 p.m. To register call: 516-627-5620.

-- 5070 Sunrise Highway, Massapequa: Tuesday, August 19, noon to 3 p.m. To register call: 516-797-3880.

Ideal for everyone from the small business owner to the soccer mom, customers will receive free hands-on tutorials from local Verizon Wireless data experts.

"The traditional business tool has become a life management tool," said Pat Devlin, president of the company's New York/ New Jersey Metro Region. "These wireless devices are packed with rich, multimedia capabilities and services, allowing customers to stay connected to work, family and friends while on-the-go. Participants will receive uninterrupted hands-on instruction that will enable them to maximize our wireless products and services to meet their everyday communications needs."

The classes are expected to fill up quickly and seating is limited. This workshop will focus on Palm products such as the new Centro. Topics covered will include text messaging, music synchronization, email management and Internet browsing.

Registration is preferred but walk-ins are welcome. To register, call the store location or visit http://www.nympdaworkshops.wds.vzw.com/

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 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: David Samberg of Verizon Wireless, +1-845-365-7212,
David.Samberg@VerizonWireless.com; or Gisela Lopez for Verizon Wireless,
+1-973-968-7928, gisela.lopez@vivianipr.com

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

Verizon Wireless to Host PDA and Smartphone Workshop at Suffolk County Communications Stores"20 Things a PDA Can Do For You" Teaches Customers Productive New Wireless Applications; Workshops Offered in Suffolk on August 5, 14 and 21

ORANGEBURG, N.Y., July 23 /PRNewswire/ -- Ask anyone what they need more of and the answer will most likely be 'time.' It's our most valuable commodity and why so many consumers are turning to Smartphones and PDAs to help manage it. Wireless customers who apply business principles to manage their personal lives can save time, be more productive and, ultimately, carry a lighter load at work and at home.

Now, for the first time, consumers who don't have access to an IT department or a help desk, can turn to Verizon Wireless for help in learning how to maximize all the capabilities new wireless devices have to offer. The company is offering free PDA and Smartphone workshops at Verizon Wireless Communications Stores throughout the New York Metro area to help customers learn how to make these devices work for them. Each class, aptly named "20 Things a PDA Can Do For You," will focus on a particular product and service so customers can get in-depth information, quickly.

Three workshops will be offered at Verizon Wireless Communications Stores in Suffolk County this month:

-- 350 Walt Whitman Road, Huntington Station: Tuesday, August 5, noon to 3 p.m. To register call: 631-351-2172.

-- 2044 Montauk Highway, Bridgehampton Commons: Thursday, August 14, 11 a.m. to 2 p.m. To register call: 631-537-2398.

-- 4000 Jericho Turnpike, East Northport: Thursday, August 21, 11 a.m. to 2 p.m. To register call: 631-499-1820.

Ideal for everyone from the small business owner to the soccer mom, customers will receive free hands-on tutorials from local Verizon Wireless data experts.

"The traditional business tool has become a life management tool," said Pat Devlin, president of the company's New York/ New Jersey Metro Region. "These wireless devices are packed with rich, multimedia capabilities and services, allowing customers to stay connected to work, family and friends while on-the-go. Participants will receive uninterrupted hands-on instruction that will enable them to maximize our wireless products and services to meet their everyday communications needs."

The class is expected to fill up quickly and seating is limited. This workshop will cover Palm products, such as the new Centro. Topics covered will include text messaging, music synchronization, email management and Internet browsing.

Registration is preferred but walk-ins are welcome. To register, call the store or visit http://www.nympdaworkshops.wds.vzw.com/

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 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: David Samberg of Verizon Wireless, +1-845-365-7212,
David.Samberg@VerizonWireless.com; or Gisela Lopez for Verizon Wireless,
+1-973-968-7928, gisela.lopez@vivianipr.com

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

EMC Posts Record Second-Quarter Financial Results; Achieves 18% Year-Over-Year Revenue Growth

HOPKINTON, Mass., July 23 /PRNewswire-FirstCall/ -- EMC Corporation , the world leader in information infrastructure solutions, today announced record second-quarter revenue results and its 20th consecutive quarter of double-digit year-over-year revenue growth. The company achieved balanced execution with double-digit revenue growth in systems, software and services and across all of its major business segments and geographies. EMC's total consolidated revenue for the second quarter of 2008 was $3.67 billion, an increase of 18% over the $3.12 billion reported for the second quarter of 2007.

Second-quarter GAAP net income was $377.5 million or $0.18 per diluted share. Non-GAAP second-quarter net income, which excludes stock-based compensation and intangible amortization, was $511.7 million or $0.24 per diluted share, 20% higher than the non-GAAP earnings per diluted share of $0.20 for the year-ago period.

Joe Tucci, EMC Chairman, President and Chief Executive Officer, said, "EMC demonstrated solid second-quarter performance. I'm proud that we've achieved 20 consecutive quarters, or half a decade, of consecutive double-digit revenue growth. Very few companies, particularly of our size, can make that claim. Our focus on information infrastructure and virtual infrastructure is paying off and is the driving force behind our strong financial position, our successful business model and our competitive advantage."

Tucci added, "Despite continued economic uncertainty at the macro level, we believe spending on information infrastructure and virtual infrastructure technologies and solutions will continue to grow, driven largely by the need to manage the ever-expanding volume of information efficiently, securely and cost effectively. The challenge of dealing with this information overload is leading to a set of needs that EMC -- our people, technology, services, and partners -- is uniquely able to address."

From a geographic perspective, revenue from the United States increased 10% compared with the same period a year ago. Revenue from operations outside of the United States grew 27% year over year and represented a record 48% of total second-quarter revenue. Revenue from EMC's Europe, Middle East & Africa (EMEA) region increased 27%, Asia-Pacific & Japan (APJ) revenue increased 27%, and Latin America revenue increased 24%, each compared with the year-ago quarter.

David Goulden, EMC Executive Vice President and Chief Financial Officer, said, "I am pleased with EMC's execution and solid performance in the second quarter. We achieved strong top-line and bottom-line growth and ended the quarter with a record $8.1 billion in cash and investments. As one of the most trusted technology partners in IT, we believe we are well positioned strategically and operationally for ongoing success."

Second-Quarter Highlights

Revenue from EMC's Information Storage business, which includes revenue from storage systems, storage software and related customer and professional services, reached $2.87 billion, an increase of 14% compared with the year-ago period. Growth in the Information Storage business reflects continued worldwide demand for EMC's networked storage solutions, with particularly strong traction from faster-growing international regions, EMC's mid-range storage systems connected to IP networks, and the company's professional consulting and implementation services. In the high-end of the market, second-quarter revenue from EMC Symmetrix networked storage products increased 10% year over year, driven by continued customer demand for large-scale enterprise consolidation and improved energy efficiency. In the mid-range, EMC Celerra network-attached storage products continued to experience strong revenue growth, increasing more than 50% year over year. Also during the quarter, the business benefited from innovative technologies and features introduced this year, including new solid state drives that use flash memory, virtual provisioning for simplified storage provisioning and increased system utilization, and data de-duplication for improved backup efficiency.

EMC's Content Management and Archiving business increased second-quarter revenue 18% year over year to $204 million. Growth in the business was led by customer demand for EMC's solutions for effective transactional content management that advance collaboration, compliance and risk-management initiatives, as well as improve business processes and increase productivity. This week, EMC announced the Documentum 6.5 platform, offering customers even more advanced enterprise content management (ECM) capabilities that blend the ease of use of Web 2.0 applications while minimizing the associated risk. With Documentum 6.5, organizations can leverage newer technologies, such as Web 2.0, improve the existing content applications already in use, and power all of these with a more scalable and secure ECM platform than ever before available.

For the second quarter of 2008, revenue from RSA, The Security Division of EMC, grew 15% year over year, reaching $144 million and benefiting from strength in areas such as data loss prevention (DLP), identity protection & verification, and security information & event management. During the quarter, the division made available key advancements to its DLP suite through important new capabilities and launched a comprehensive Identity Assurance solution that enables trusted identities to freely and securely interact with systems and access information. These additions support EMC's Information Risk Management strategy, which allows customers to effectively recognize, assess and mitigate the risk to their information at any point in its lifecycle. Organizations continue to choose RSA's comprehensive portfolio of security products and services to meet key compliance requirements around data security, security information management and data loss prevention more efficiently and holistically.

VMware , which is majority-owned by EMC, contributed second- quarter revenues of $453 million, an increase of 52% compared to the year-ago quarter. VMware is the global leader in virtualization solutions from the desktop to the datacenter. Customers of all sizes rely on VMware to reduce capital and operating expenses, ensure business continuity, strengthen security and be more energy efficient. Visit http://ir.vmware.com/ for more information about the virtualization software leader's second-quarter financial results.

"EMC has amassed the broadest, most innovative and most integrated product portfolio in company history. The rapid pace at which we're able to deliver new technologies and features to market makes EMC's portfolio even more compelling," continued Goulden. "Customers need help keeping up with information as it continues to grow at nearly 60% per year. EMC's unique ability to help solve all their information management challenges is a powerful competitive advantage."

Business Outlook

The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements do not give effect to the potential impact of mergers, acquisitions, divestitures or business combinations that may be announced or closed after the date hereof. These statements supersede all prior statements regarding business outlook set forth in prior EMC news releases.

All dollar amounts and percentages in the business outlook should be considered to be approximations.

-- Consolidated EMC revenues are expected to exceed $15 billion in 2008.

-- Consolidated GAAP diluted earnings per share (including the $79.2 million non-cash charge for in-process research and development (IPR&D) in the first quarter of 2008) are expected to be $0.74 in 2008.

-- Consolidated non-GAAP diluted earnings per share (excluding the $79.2 million non-cash charge for IPR&D in the first quarter of 2008) are expected to be $0.78 in 2008.

-- Consolidated non-GAAP diluted earnings per share (excluding the $79.2 million non-cash charge for IPR&D in the first quarter of 2008, the impact of stock-based compensation and intangible asset amortization) are expected to be $1.04 in 2008.

-- Consolidated stock-based compensation expense is expected to be $0.18 per diluted share in 2008 and the amortization of intangible assets is expected to be $0.08 per diluted share in 2008.

-- Consolidated GAAP tax rate for 2008 is expected to be 20% and the non- GAAP tax rate to be 22%. The tax impact of IPR&D, stock-based compensation and intangible asset amortization is expected to be 2%.

About EMC

EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/.

EMC, Symmetrix, Celerra and Documentum are registered trademarks of EMC Corporation. RSA is a registered trademark of RSA Security Inc. VMware is a registered trademark of VMware, Inc. All other trademarks used are the property of their respective owners.

Forward-Looking Statements

This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vi) competitive factors, including but not limited to pricing pressures and new product introductions; (vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (ix) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (x) insufficient, excess or obsolete inventory; (xi) war or acts of terrorism; (xii) the ability to attract and retain highly qualified employees; (xiii) fluctuating currency exchange rates; and (xiv) other one- time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

Use of Non-GAAP Financial Measures

This release contains non-GAAP financial measures. These non-GAAP financial measures, which are used as measures of EMC's performance or liquidity, should be considered in addition to, not as a substitute for, measures of EMC's financial performance or liquidity prepared in accordance with GAAP. EMC's non-GAAP financial measures may be defined differently than similar terms used by other companies, and accordingly, care should be exercised in understanding how EMC defines its non-GAAP financial measures.

Where specified in the accompanying schedules for various periods entitled "Reconciliation of GAAP to Non-GAAP," certain items noted on each such specific schedule (including, where noted, amounts relating to stock-based compensation expense and intangible amortization) are excluded from the non- GAAP financial measures.

EMC's management uses the non-GAAP financial measures in the accompanying schedules to gain an understanding of EMC's comparative operating performance (when comparing such results with previous periods or forecasts) and future prospects and excludes the above-listed items from its internal financial statements for purposes of its internal budgets and each reporting segment's financial goals. These non-GAAP financial measures are used by EMC's management in their financial and operating decision-making because management believes they reflect EMC's ongoing business in a manner that allows meaningful period-to-period comparisons. EMC's management believes that these non-GAAP financial measures provide useful information to investors and others (a) in understanding and evaluating EMC's current operating performance and future prospects in the same manner as management does, if they so choose, and (b) in comparing in a consistent manner the Company's current financial results with the Company's past financial results.

This release also includes disclosures regarding free cash flow which is a non-GAAP financial measure. Free cash flow is defined as net cash provided by operating activities less additions to property, plant and equipment and capitalized software development costs. EMC uses free cash flow, among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than capital expenditures and capitalized software development costs. Management believes that information regarding free cash flow provides investors with an important perspective on the cash available to make strategic acquisitions and investments, repurchase shares, service debt and fund ongoing operations. As free cash flow is not a measure of liquidity calculated in accordance with GAAP, free cash flow should be considered in addition to, but not as a substitute for, the analysis provided in the statement of cash flows.

All of the foregoing non-GAAP financial measures have limitations. Specifically, the non-GAAP financial measures that exclude the items noted above do not include all items of income and expense that affect EMC's operations. Further, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and do not reflect any benefit that such items may confer on EMC. Management compensates for these limitations by also considering EMC's financial results as determined in accordance with GAAP.

EMC CORPORATION Consolidated Income Statements (in thousands, except per share amounts) Unaudited Three Months Ended Six Months Ended ---------------------- ---------------------- June 30, June 30, June 30, June 30, 2008 2007 2008 2007 ---------------------- ---------------------- Revenues: Product sales $2,461,651 $2,222,355 $4,802,081 $4,334,781 Services 1,212,223 902,317 2,341,852 1,764,896 ---------------------- ---------------------- 3,673,874 3,124,672 7,143,933 6,099,677 Cost and expenses: Cost of product sales 1,119,553 1,036,242 2,194,136 2,074,720 Cost of services 525,751 387,617 1,011,832 754,204 Research and development 442,502 384,966 876,016 740,358 Selling, general and administrative 1,135,674 924,349 2,217,889 1,800,039 In-process research and development - - 79,204 - Restructuring credits - - (357) (2,670) ---------------------- ---------------------- Operating income 450,394 391,498 765,213 733,026 Investment income 58,730 50,850 135,870 102,989 Interest expense (18,794) (18,136) (36,836) (36,429) Other (expense) income, net (2,811) 2,968 (7,574) 7,808 ---------------------- ---------------------- Income before taxes and minority interest 487,519 427,180 856,673 807,394 Income tax provision 102,338 92,773 196,493 160,380 ---------------------- ---------------------- Income before minority interest 385,181 334,407 660,180 647,014 Minority interest in VMware, net of taxes (7,713) - (13,874) - ---------------------- ---------------------- Net income $377,468 $334,407 $646,306 $647,014 ====================== ====================== Net income per weighted average share, basic: $0.18 $0.16 $0.31 $0.31 ====================== ====================== Net income per weighted average share, diluted: $0.18 $0.16 $0.31 $0.30 ====================== ====================== Weighted average shares, basic 2,057,766 2,070,636 2,066,470 2,075,683 Weighted average shares, diluted 2,094,795 2,121,645 2,102,184 2,122,080 As a % of total revenue: Gross margin 55.2% 54.4% 55.1% 53.6% Selling, general and administrative 30.9% 29.6% 31.0% 29.5% Research and development 12.0% 12.3% 12.3% 12.1% Operating income 12.3% 12.5% 10.7% 12.0% Net income 10.3% 10.7% 9.0% 10.6% Reconciliation of GAAP to Non-GAAP For the Three Months Ended June 30, 2008 (in thousands, except per share amounts) Unaudited Selling, Cost of Research and General and Operating Revenue Revenue Development Administrative Income ---------- ---------- --------- ---------- --------- EMC Consolidated GAAP $3,673,874 $1,645,304 $442,502 $1,135,674 $450,394 Stock-based compensation expense - (19,058) (39,433) (61,829) 120,320 Intangible amortization - (39,268) (2,866) (26,743) 68,877 ---------- ---------- --------- ---------- --------- EMC Consolidated Non-GAAP (1) $3,673,874 $1,586,978 $400,203 $1,047,102 $639,591 ========== =========== ========= =========== ========= EMC Information Infrastructure GAAP $3,221,299 $1,564,859 $327,917 $937,000 $391,523 Stock-based compensation expense - (12,486) (19,631) (43,307) 75,424 Intangible amortization - (36,974) (2,866) (25,198) 65,038 --------- ---------- --------- ----------- --------- EMC Information Infrastructure Non-GAAP (2) $3,221,299 $1,515,399 $305,420 $868,495 $531,985 =========== ========= ======== ========== ========= VMware standalone GAAP $456,128 $80,531 $114,128 $200,469 $61,000 GAAP adjustments and eliminations (3,553) (86) 457 (1,795) (2,129) ---------- ---------- --------- ---------- --------- VMware within EMC 452,575 80,445 114,585 198,674 58,871 Stock-based compensation expense - (6,572) (19,802) (18,522) 44,896 Intangible amortization - (2,294) - (1,545) 3,839 ---------- ---------- --------- --------- --------- VMware within EMC Non-GAAP (3) $452,575 $71,579 $94,783 $178,607 $107,606 =========== ========== ========= ========== ========== Income Before Income Taxes and Before Other Income, Minority Income Tax Minority Minority net Interest Provision Interest Interest ---------- ----------- ----------- --------- --------- EMC Consolidated GAAP $37,125 $487,519 $102,338 $385,181 $(7,713) Stock-based compensation expense - 120,320 26,455 93,865 (5,043) Intangible amortization - 68,877 23,045 45,832 (375) ---------- ----------- ----------- --------- --------- EMC Consolidated Non-GAAP (1) $37,125 $676,716 $151,838 $524,878 $(13,131) ========== =========== =========== ========= ========= EMC Information Infrastructure GAAP $33,563 $425,086 $90,930 $334,156 $- Stock-based compensation expense - 75,424 15,770 59,654 - Intangible amortization - 65,038 21,752 43,286 - ---------- ---------- ----------- --------- --------- EMC Information Infrastructure Non-GAAP (2) $33,563 $565,548 $128,452 $437,096 $- =========== ========== =========== ========= ========= VMware standalone GAAP $3,101 $64,101 $11,765 $52,336 $- GAAP adjustments and eliminations 461 (1,668) (357) (1,311) (7,713) ----------- ---------- ---------- --------- --------- VMware within EMC 3,562 62,433 11,408 51,025 (7,713) Stock-based compensation expense - 44,896 10,685 34,211 (5,043) Intangible amortization - 3,839 1,293 2,546 (375) ------------ ----------- ---------- ---------- ---------- VMware within EMC Non-GAAP (3) $3,562 $111,168 $23,386 $87,782 $(13,131) ============ =========== ========== ========== ========= Net Income Net Income per Weighted per Weighted Average Average Net Share, Share, Income Basic Diluted ---------- ---------- ---------- EMC Consolidated GAAP $377,468 $0.183 $0.179 Stock-based compensation expense 88,822 $0.043 $0.042 Intangible amortization 45,457 $0.022 $0.022 ---------- ---------- ---------- EMC Consolidated Non-GAAP (1) $511,747 $0.249 $0.243 ========== ========== ========== EMC Information Infrastructure GAAP $334,156 $0.162 $0.160 Stock-based compensation expense 59,654 $0.029 $0.028 Intangible amortization 43,286 $0.021 $0.021 ---------- ---------- ---------- EMC Information Infrastructure Non-GAAP (2) $437,096 $0.212 $0.209 ========== ========== ========== VMware standalone GAAP $52,336 $0.025 $0.025 GAAP adjustments and eliminations (9,024) $(0.004) $(0.005) ---------- ---------- ---------- VMware within EMC 43,312 $0.021 $0.020 Stock-based compensation expense 29,168 $0.014 $0.014 Intangible amortization 2,171 $0.001 $0.001 ---------- ---------- ---------- VMware within EMC Non-GAAP (3) $74,651 $0.036 $0.035 ========== ========== ========== Wtd. Average Share O/S 2,057,766 2,094,795 ============ =========== (1) Represents EMC Consolidated GAAP excluding stock-based compensation expense and intangible amortization. (2) Represents EMC Information Infrastructure GAAP excluding stock-based compensation expense and intangible amortization. (3) Represents VMware within EMC excluding stock-based compensation expense and intangible amortization. Note: schedule may not add due to rounding Reconciliation of GAAP to Non-GAAP For the Three Months Ended June 30, 2007 (in thousands, except per share amounts) Unaudited Selling, Cost of Research and General and Operating Revenue Revenue Development Administrative Income ---------- ---------- --------- ----------- --------- EMC Consolidated GAAP $3,124,672 $1,423,859 $384,966 $924,349 $391,498 Stock-based compensation expense - (13,449) (24,733) (49,024) 87,206 Intangible amortization - (29,185) (2,167) (17,244) 48,596 ---------- ---------- --------- ----------- --------- EMC Consolidated Non-GAAP (1) $3,124,672 $1,381,225 $358,066 $858,081 $527,300 ========== ========= ========== ========= ======== EMC Information Infrastructure GAAP $2,826,575 $1,374,377 $314,019 $792,161 $346,018 Stock-based compensation expense - (12,456) (16,481) (42,296) 71,233 Intangible amortization - (23,970) (2,167) (16,171) 42,308 ---------- ---------- --------- --------- -------- EMC Information Infrastructure Non-GAAP (2) $2,826,575 $1,337,951 $295,371 $733,694 $459,559 =========== ========== ========= ========= ========= VMware standalone GAAP $296,825 $48,817 $71,581 $129,692 $46,735 GAAP adjustments and eliminations 1,272 665 (634) 2,496 (1,255) ---------- ---------- --------- ----------- -------- VMware within EMC 298,097 49,482 70,947 132,188 45,480 Stock-based compensation expense - (993) (8,252) (6,728) 15,973 Intangible amortization - (5,215) - (1,073) 6,288 ----------- -------- -------- -------- -------- VMware within EMC Non-GAAP (3) $298,097 $43,274 $62,695 $124,387 $67,741 =========== ========= ========= ========= ======== Other Income Income, Before Income Tax Net net Taxes Provision Income ------- -------- -------- -------- EMC Consolidated GAAP $35,682 $427,180 $92,773 $334,407 Stock-based compensation expense - 87,206 21,863 65,343 Intangible amortization - 48,596 17,108 31,488 ------- -------- -------- -------- EMC Consolidated Non-GAAP (1) $35,682 $562,982 $131,744 $431,238 ======= ======== ======== ======== EMC Information Infrastructure GAAP $41,195 $387,213 $85,845 $301,368 Stock-based compensation expense - 71,233 17,054 54,179 Intangible amortization - 42,308 14,781 27,527 ------- -------- -------- -------- EMC Information Infrastructure Non-GAAP (2) $41,195 $500,754 $117,680 $383,074 ======= ======== ======== ======== VMware standalone GAAP $(5,223) $41,512 $7,288 $34,224 GAAP adjustments and eliminations (290) (1,545) (360) (1,185) ------- -------- -------- -------- VMware within EMC (5,513) 39,967 6,928 33,039 Stock-based compensation expense - 15,973 4,809 11,164 Intangible amortization - 6,288 2,327 3,961 ------- -------- -------- -------- VMware within EMC Non-GAAP (3) $(5,513) $62,228 $14,064 $48,164 ======= ======== ======== ======== Net Income Net Income per Weighted per Weighted Average Share, Average Share, Basic Diluted -------- -------- EMC Consolidated GAAP $0.161 $0.158 Stock-based compensation expense $0.032 $0.031 Intangible amortization $0.015 $0.015 -------- -------- EMC Consolidated Non-GAAP (1) $0.208 $0.203 ======== ======== EMC Information Infrastructure GAAP $0.146 $0.142 Stock-based compensation expense $0.026 $0.026 Intangible amortization $0.013 $0.013 -------- -------- EMC Information Infrastructure Non-GAAP (2) $0.185 $0.181 ======== ======== VMware standalone GAAP $0.017 $0.016 GAAP adjustments and eliminations $(0.001) $(0.001) -------- -------- VMware within EMC $0.016 $0.016 Stock-based compensation expense $0.005 $0.005 Intangible amortization $0.002 $0.002 -------- -------- VMware within EMC Non-GAAP (3) $0.023 $0.023 ======== ======== Wtd. Average Share O/S 2,070,636 2,121,645 ======== ======== (1) Represents EMC Consolidated GAAP excluding stock-based compensation expense and intangible amortization. (2) Represents EMC Information Infrastructure GAAP excluding stock-based compensation expense and intangible amortization. (3) Represents VMware within EMC excluding stock-based compensation expense and intangible amortization. Note: schedule may not add due to rounding EMC CORPORATION Consolidated Balance Sheets (in thousands, except per share amounts) Unaudited June 30, December 31, 2008 2007 --------------- -------------- ASSETS Current assets: Cash and cash equivalents $5,219,347 $4,482,211 Short-term investments 642,598 1,644,703 Accounts and notes receivable, less allowance for doubtful accounts of $34,302 and $34,389 2,190,188 2,307,512 Inventories 972,032 877,243 Deferred income taxes 475,820 475,544 Other current assets 308,782 265,889 --------------- -------------- Total current assets 9,808,767 10,053,102 Long-term investments 2,267,398 1,825,572 Property, plant and equipment, net 2,168,760 2,159,396 Intangible assets, net 921,720 940,077 Other assets, net 791,172 775,001 Goodwill, net 6,918,935 6,531,506 --------------- -------------- Total assets $22,876,752 $22,284,654 =============== ============== LIABILITIES & STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $825,531 $840,886 Accrued expenses 1,586,963 1,696,309 Income taxes payable 19,303 146,104 Deferred revenue 1,946,033 1,724,909 ------------- ------------- Total current liabilities 4,377,830 4,408,208 Income taxes payable 284,025 246,951 Deferred revenue 1,127,045 1,053,394 Deferred income taxes 274,885 288,175 Long-term convertible debt 3,450,000 3,450,000 Other liabilities 158,347 127,621 ------------- -------------- Total Liabilities 9,672,132 9,574,349 Minority interest in VMware 263,566 188,988 Commitments and contingencies Stockholders' equity: Series preferred stock, par value $.01; authorized 25,000 shares, none outstanding - - Common stock, par value $.01; authorized 6,000,000 shares; issued 2,070,529 and 2,102,187 shares 20,705 21,022 Additional paid-in capital 2,829,211 3,038,455 Retained earnings 10,116,595 9,470,289 Accumulated other comprehensive loss (25,457) (8,449) ------------- ------------- Total stockholders' equity 12,941,054 12,521,317 ------------- ------------- Total liabilities and stockholders' equity $22,876,752 $22,284,654 ============= ============= EMC CORPORATION Consolidated Statements of Cash Flows (in thousands) Unaudited Six Months Ended ---------------- June 30, 2008 June 30, 2007 Cash flows from operating activities: ------------- ------------- Cash received from customers $7,585,822 $6,391,546 Cash paid to suppliers and employees (5,947,544) (4,930,350) Dividends and interest received 135,058 116,747 Interest paid (36,778) (38,854) Income taxes paid (199,689) (108,841) ------------ ------------ Net cash provided by operating activities 1,536,869 1,430,248 ------------ ------------ Cash flows from investing activities: Additions to property, plant and equipment (326,449) (324,210) Capitalized software development costs (118,848) (98,046) Purchases of short and long-term available for sale securities (1,005,655) (3,165,846) Sales and maturities of short and long-term available for sale securities 1,572,954 4,148,396 Acquisitions, net of cash acquired (604,788) (161,002) Other (3,060) (6,860) ------------- ----------- Net cash (used in) provided by investing activities (485,846) 392,432 ------------- ----------- Cash flows from financing activities: Issuance of common stock from the exercise of stock options 156,220 355,324 Issuance of VMware's common stock from the exercise of stock options 133,327 - Repurchase of EMC common stock (686,950) (878,226) Excess tax benefits from stock-based compensation 88,613 32,684 Payment of short and long-term obligations (5,279) (4,263) Proceeds from short and long-term obligations 1,820 2,506 ------------- ------------ Net cash used in financing activities (312,249) (491,975) ------------- ------------ Effect of exchange rate changes on cash (1,638) (4,716) ------------- ------------ Net increase in cash and cash equivalents 737,136 1,325,989 Cash and cash equivalents at beginning of period 4,482,211 1,828,106 ------------- ------------ Cash and cash equivalents at end of period $5,219,347 $3,154,095 ============== ============ Reconciliation of net income to net cash provided by operating activities: Net income $646,306 $647,014 Adjustments to reconcile net income to net cash provided by operating activities: Minority interest in subsidiary 13,874 - Depreciation and amortization 517,692 438,260 Non-cash restructuring and other special charges 80,970 - Stock-based compensation expense 239,405 170,553 Increase (decrease) in provision for doubtful accounts 8,576 (82) Deferred income taxes, net 26,173 (28,163) Excess tax benefits from stock-based compensation (88,613) (32,684) Other (5,123) 6,524 Changes in assets and liabilities, net of acquisitions: Accounts and notes receivable 160,492 29,166 Inventories 12,668 39,897 Other assets (35,719) (79,042) Accounts payable (61,343) 9,373 Accrued expenses (248,139) (105,797) Income taxes payable (32,677) 79,731 Deferred revenue 272,821 262,784 Other liabilities 29,506 (7,286) ------------- ------------ Net cash provided by operating activities $1,536,869 $1,430,248 ============= ============ EMC Corporation Reconciliation of Cash Flow from Operations to Free Cash Flow (in thousands) Unaudited Three Months Ended Six Months Ended ------------------- ------------------- June 30, June 30, June 30, June 30, 2008 2007 2008 2007 ------------------- -------------------- EMC Consolidated Cash flow from Operations $618,577 $621,565 $1,536,869 $1,430,248 Capital Expenditures (179,937) (153,684) (326,449) (324,210) Capitalized Software (64,527) (46,126) (118,848) (98,046) ------------------- --------------------- Free Cash Flow $374,113 $421,755 $1,091,572 $1,007,992 =================== ====================== VMware within EMC Cash flow from Operations $161,419 $116,217 $267,477 $252,635 Capital Expenditures (45,324) (62,921) (86,343) (110,738) Capitalized Software (11,770) (3,872) (15,934) (10,831) ------------------- --------------------- Free Cash Flow $104,325 $49,424 $165,200 $131,066 =================== ====================== EMC Information Infrastructure Cash flow from Operations $457,158 $505,348 $1,269,392 $1,177,613 Capital Expenditures (134,613) (90,763) (240,106) (213,472) Capitalized Software (52,757) (42,254) (102,914) (87,215) ------------------- --------------------- Free Cash Flow $269,788 $372,331 $926,372 $876,926 =================== ====================== EMC Corporation Supplemental Revenue Analysis (in thousands) Unaudited Revenue Components Q1 2007 Q2 2007 Q3 2007 Q4 2007 2007 --------------------------------------------------------- Consolidated Revenues Systems $1,305,766 $1,354,438 $1,411,367 $1,688,565 $5,760,136 Software: Software License 806,660 867,917 921,517 1,055,746 3,651,840 Software Maintenance 382,080 400,233 426,198 472,264 1,680,775 --------------------------------------------------------- Total Software License & Maintenance 1,188,740 1,268,150 1,347,715 1,528,010 5,332,615 Other Services 480,499 502,084 540,672 614,199 2,137,454 --------------------------------------------------------- Total Consolidated Revenues $2,975,005 $3,124,672 $3,299,754 $3,830,774 $13,230,205 ========================================================= Percentage impact to EMC revenue growth rate due to changes in exchange rates from the prior year 2.1% 2.1% 1.8% 3.2% 2.3% Q1 2008 Q2 2008 YTD 2008 ----------------------------------------- Consolidated Revenues Systems $1,440,123 $1,528,012 $2,968,135 Software: Software License 900,307 933,639 1,833,946 Software Maintenance 506,218 524,725 1,030,943 ----------------------------------------- Total Software License & Maintenance 1,406,525 1,458,364 2,864,889 Other Services 623,411 687,498 1,310,909 ----------------------------------------- Total Consolidated Revenues $3,470,059 $3,673,874 $7,143,933 ========================================= Percentage impact to EMC revenue growth rate due to changes in exchange rates from the prior year 2.3% 2.7% 2.5% EMC Corporation Supplemental Revenue Analysis (in thousands) Unaudited Supplemental Revenue Data Q1 2007 Q2 2007 Q3 2007 Q4 2007 2007 ------------------------------------------------------- Storage Systems Revenue $1,302,740 $1,347,357 $1,405,139 $1,682,395 $5,737,631 Storage Software: Storage Software License 486,558 512,521 515,056 561,622 2,075,757 Storage Software Maintenance 234,796 242,940 252,642 271,848 1,002,226 ------------------------------------------------------- Total Storage Software License & Maintenance 721,354 755,461 767,698 833,470 3,077,983 Storage Other Services 402,834 425,200 450,450 516,782 1,795,266 ------------------------------------------------------- Total Storage Revenue $2,426,928 $2,528,018 $2,623,287 $3,032,647 $10,610,880 ======================================================= Content Management and Archiving Systems Revenue $68 $1,708 $1,485 $2,157 $5,418 Content Management and Archiving Software: Content Management and Archiving Software License 68,472 69,046 79,247 115,305 332,070 Content Management and Archiving Software Maintenance 60,339 60,416 61,595 70,590 252,940 ------------------------------------------------------- Total Content Management and Archiving Software License & Maintenance 128,811 129,462 140,842 185,895 585,010 Content Management and Archiving Other Services 43,319 42,432 46,985 50,074 182,810 ------------------------------------------------------- Total Content Management and Archiving Revenue $172,198 $173,602 $189,312 $238,126 $773,238 ======================================================= Security Systems Revenue $2,958 $5,373 $4,743 $4,013 $17,087 Security Software: Security Software License 81,934 81,300 82,979 94,604 340,817 Security Software Maintenance 21,627 23,392 25,126 27,752 97,897 ------------------------------------------------------- Total Security Software License & Maintenance 103,561 104,692 108,105 122,356 438,714 Security Other Services 13,342 14,890 20,016 21,226 69,474 ------------------------------------------------------- Total Security Revenue $119,861 $124,955 $132,864 $147,595 $525,275 ======================================================= EMC Information Infrastructure Systems Revenue $1,305,766 $1,354,438 $1,411,367 $1,688,565 $5,760,136 EMC Information Infrastructure Software: EMC Information Infrastructure Software License 636,964 662,867 677,282 771,531 2,748,644 EMC Information Infrastructure Software Maintenance 316,762 326,748 339,363 370,190 1,353,063 ------------------------------------------------------- Total EMC Information Infrastructure Software License & Maintenance 953,726 989,615 1,016,645 1,141,721 4,101,707 EMC Information Infrastructure Other Services 459,495 482,522 517,451 588,082 2,047,550 ------------------------------------------------------- Total EMC Information Infrastructure Revenue $2,718,987 $2,826,575 $2,945,463 $3,418,368 $11,909,393 ========================================================= VMware Software: VMware Software License $169,696 $205,050 $244,235 $284,215 $903,196 VMware Software Maintenance 65,318 73,485 86,835 102,074 327,712 -------------------------------------------------------- Total VMware Software License & Maintenance 235,014 278,535 331,070 386,289 1,230,908 VMware Other Services 21,004 19,562 23,221 26,117 89,904 -------------------------------------------------------- Total VMware Revenue $256,018 $298,097 $354,291 $412,406 $1,320,812 ======================================================== Q1 2008 Q2 2008 YTD 2008 ---------------------------------- Storage Systems Revenue $1,433,190 $1,523,695 $2,956,885 Storage Software: Storage Software License 470,449 494,331 964,780 Storage Software Maintenance 291,556 283,292 574,848 ---------------------------------- Total Storage Software License & Maintenance 762,005 777,623 1,539,628 Storage Other Services 516,634 571,929 1,088,563 ---------------------------------- Total Storage Revenue $2,711,829 $2,873,247 $5,585,076 =================================== Content Management and Archiving Systems Revenue $2,521 $138 $2,659 Content Management and Archiving Software: Content Management and Archiving Software License 58,607 73,277 131,884 Content Management and Archiving Software Maintenance 73,758 75,660 149,418 ---------------------------------- Total Content Management and Archiving Software License & Maintenance 132,365 148,937 281,302 Content Management and Archiving Other Services 50,317 54,931 105,248 ---------------------------------- Total Content Management and Archiving Revenue $185,203 $204,006 $389,209 ================================== Security Systems Revenue $4,412 $4,179 $8,591 Security Software: Security Software License 77,271 84,888 162,159 Security Software Maintenance 28,785 30,108 58,893 ---------------------------------- Total Security Software License & Maintenance 106,056 114,996 221,052 Security Other Services 24,389 24,871 49,260 ---------------------------------- Total Security Revenue $134,857 $144,046 $278,903 ================================== EMC Information Infrastructure Systems Revenue $1,440,123 $1,528,012 $2,968,135 EMC Information Infrastructure Software: EMC Information Infrastructure Software License 606,327 652,496 1,258,823 EMC Information Infrastructure Software Maintenance 394,099 389,060 783,159 ---------------------------------- Total EMC Information Infrastructure Software License & Maintenance 1,000,426 1,041,556 2,041,982 EMC Information Infrastructure Other Services 591,340 651,731 1,243,071 ---------------------------------- Total EMC Information Infrastructure Revenue $3,031,889 $3,221,299 $6,253,188 ================================== VMware Software: VMware Software License $293,980 $281,143 $575,123 VMware Software Maintenance 112,119 135,665 247,784 ---------------------------------- Total VMware Software License & Maintenance 406,099 416,808 822,907 VMware Other Services 32,071 35,767 67,838 ---------------------------------- Total VMware Revenue $438,170 $452,575 $890,745 ==================================

EMC Corporation

CONTACT: Dave Farmer of EMC Corporation, +1-508-293-7206,
farmer_dave@emc.com

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

Philip Dunne Joins ProLogis as Chief Operating Officer of Europe and the Middle East

DENVER, July 23 /PRNewswire-FirstCall/ -- ProLogis , the world's largest owner, manager and developer of distribution facilities, announced today that Philip Dunne has joined the company as Chief Operating Officer, Europe and the Middle East, a new role within the company.

Mr. Dunne is the former Chief Operating Officer - EMEA at Jones Lang LaSalle, a global financial and professional services firm specializing in real estate services and investment management. He will assume his new role on December 1, 2008.

Most recently, Mr. Dunne has led the deployment and execution of business strategy across the EMEA region overseeing operations to support the business in a period of unprecedented growth for the company and the industry as a whole. In addition, Mr. Dunne spent five years as Chief Operating Officer for the company's Central and Eastern Europe and Russia region, and was instrumental in the development of those businesses while overseeing all business support functions and infrastructure. Prior to joining Jones Lang LaSalle's EMEA business, Mr. Dunne worked with the company's European Finance team based in London. Mr. Dunne is an Associate of the Chartered Institute of Management Accountants (CIMA).

"Philip's experience, energy and drive will be a strong addition to our European leadership," said Gary E. Anderson, ProLogis president of Europe and the Middle East. "He brings a wealth of knowledge and expertise in managing businesses through change and will be an important addition to our management team as we pursue our growth plans. I am delighted to have him join our team."

About ProLogis

ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 121 markets across North America, Europe and Asia. The company has $38.8 billion of assets owned, managed and under development, comprising 526.3 million square feet (48.9 million square meters) in 2,817 properties as of March 31, 2008. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs over 1,500 people worldwide.

ProLogis

CONTACT: Investor Relations, Melissa Marsden, +1-303-567-5622,
mmarsden@prologis.com, or Media, Krista Shepard, +1-303-567-5907,
kshepard@prologis.com, both of ProLogis; or Financial Media, Suzanne Dawson of
Linden Alschuler & Kaplan, Inc, +1-212-329-1420, sdawson@lakpr.com, for
ProLogis

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

Yucheng Technologies Limited Announces a Major Call Center Expansion Project with China Construction Bank

BEIJING, July 23 /Xinhua-PRNewswire-FirstCall/ -- Yucheng Technologies Limited , a leading local IT and outsourced service provider to the Chinese banking industry, today announced a significant call center expansion project for the China Construction Bank ("CCB"), one of the top four commercial banks in China. This expansion will increase China Construction Bank's total number of call center seats from 3,000 at year end 2007 to approximately 7,500. The increased seats will be used to serve rapidly- growing credit card and retail banking customers.

The total contract value is over RMB93 million (approximately US$13.7 million), with the majority of the system integration portion being recognized in the second quarter. The majority of the solution and implementation services associated with this project will be recognized in the third quarter.

"This project is a major expansion of CCB's customer interaction capacity on top of the existing foundation that Yucheng has helped to build from its inception. Yucheng was honored to be the exclusive partner that CCB invited to help plan and execute the expansion," stated Weidong Hong, the CEO of Yucheng.

China Construction Bank is the largest credit card issuer among the top 4 banks. The Bank's total credit cards issued in 2007 increased by 94%, and the total transaction value soared by 94% against 2006. CCB also saw 194% growth in its fee income from intermediary services in 2007. "We are very pleased to be CCB's partner in better servicing its fast-growing customer base," Weidong Hong added.

"Top-tier Chinese banks have been focusing on expanding their customer interaction bandwidth in the past few years. In the next few years these leading banks are expected to shift their focus more to customer care related software, such as CRM and data-mining. For share-holding or regional commercial banks, building their first call center or expansion of existing capacity will continue to dominate their infrastructure investments. As China's number one provider of channel-related solutions including call center and electronic banking, Yucheng is well poised to capture the market opportunities," said Mr. Hong.

About China Construction Bank

China Construction Bank is the second largest commercial bank in China in terms of total assets. Founded in 1954 and headquartered in Beijing, China Construction Bank operates a network of more than 13,000 branches and outlets across the country. CCB also has presence in international money centers, including overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo and Seoul; representative offices in New York, London and Sydney. As of December 31, 2007, CCB had total assets of approximately US$903 billion.

About Yucheng Technologies Limited

Yucheng Technologies Limited (YTEC) is a leading IT service provider to the Chinese banking industry. Headquartered in Beijing, China, Yucheng has more than 2,000 employees and has established an extensive footprint to serve its banking clients nationwide, with subsidiaries and representative offices in eighteen cities. Yucheng provides a comprehensive suite of IT solutions and services to Chinese banks including: (i) channel-related IT solutions, such as web banking and call centers; (ii) business-related processing solutions, such as core banking systems, foreign exchange and treasury management; and (iii) management-related IT solutions, such as risk analytics and business intelligence. It is also a leading third party provider of POS merchant acquiring services in partnership with banks in China.

Safe Harbor Statement

This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as ''may,'' "will," "expect," "intend," "estimate," "anticipate," "believe," "project" or "continue" or the negative thereof or other similar words. Such forward-looking statements, based upon the current beliefs and expectations of Yucheng's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: current dependence on the PRC banking industry demand for the products and services of Yucheng; competition from other service providers in the PRC and international consulting firms; the ability to update and expand product and service offerings; retention and hiring of qualified employees; protection of intellectual property; creating and maintaining quality product offerings; operating a business in the PRC with its changing economic and regulatory environment; and the other relevant risks detailed in Yucheng filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Yucheng assumes no obligation to update the information contained in this press release.

For further information, please contact: In Beijing, China Ms. Yvonne Young Investor Relations Tel: +1-212-202-1453 +86-10-6442-0533 Email: investors@yuchengtech.com In the U.S.A. Mr. Jim Preissler Advisor, Investor Relations Tel: +1-646-383-4832 Email: jpreissler@yuchengtech.com

Yucheng Technologies Limited

CONTACT: In Beijing, China, Ms. Yvonne Young, Investor Relations, Tel:
+1-212-202-1453, or Tel: +86-10-6442-0533, or investors@yuchengtech.com; or In
the U.S.A., Mr. Jim Preissler, Advisor, Investor Relations, +1-646-383-4832,
or jpreissler@yuchengtech.com

The Quantum Group Donates PWeR(SM) System to the Caridad CenterDonation Marks Launch of PWeR system as Quantum takes aim at the healthcare industry's "inefficiency gap"

WELLINGTON, Fla., July 23 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. ( http://www.quantummd.com/ ), a Wellington, Florida based healthcare organization, announced today that the Company is donating the proprietary PWeR system, a fully-integrated enterprise healthcare software system, to the Caridad Center in Palm Beach County, Florida. Caridad is the largest free clinic in Palm Beach County with over 140 volunteer doctors and dentists that provide free medical and dental services to the working poor of this area. The center, located in Boynton Beach, Florida, serves approximately 5,000 patients which translates to 22,000 patient visits each year.

The deployment of the PWeR system to the Caridad Center marks the first major deployment of the system. Pete Martinez, Senior Vice President and Chief Technology & Innovations Officer for The Quantum Group, spearheaded the development of the PWeR system and the deployment to Caridad. Martinez commented, "The Caridad initiative is a unique opportunity for Quantum and provides the ideal platform to initiate our launch and begin our efforts to deploy this system to the many other healthcare organizations located throughout Florida that can benefit by employing our cutting edge technology."

Martinez continued, "Over 140 locally based healthcare providers will begin utilizing our system by early August as a new way to access, update and utilize the records allowing a way to enhance the operational efficiency and reduce costs. That will quickly place a tremendous volume of data and usage in our system and will provide immediate results to Caridad which will improve the quality of care to the 5,000 patients seen each year. We are confident that the PWeR system will provide a higher level of efficiency and effectiveness for the Center, and in turn, the interaction with the Center will evolve PWeR into an even more powerful tool for our community and the healthcare industry at large."

The Quantum Group has pledged to provide PWeR to the Caridad Center for the next five years representing a total donation of $1.2 million. Noel J. Guillama, President and Chief Executive Officer for The Quantum Group commented, "The Quantum Group drives three major objectives: to transform healthcare, help improve our community and increase access to quality education. Our work with the Caridad Center allows us to act on all three of these objectives and marks the beginning of a shift in healthcare."

PWeR is a web based system that utilizes the current technology hardware already in use at Caridad and has eliminated that potential financial impact for the Center. Barbara Vilaseca, Executive Director of the Caridad Center noted, "Our greatest asset is truly the selfless healthcare providers and volunteers, or as we refer to them, our angels, that donate their time and talents to the Center. Once we previewed the PWeR system and met the team behind the service, we knew it would be a great resource for us. We believe the PWeR system will provide our volunteers and staff with a more dynamic and comprehensive view of each patient's medical records."

The Quantum Group is co-hosting an event to celebrate the launch in conjunction with the Caridad Center and the West Palm Beach, Florida based, not-for-profit Quantum Foundation on Thursday, July 24, 2008 at 4:00 PM. The event will be held at the Caridad Center.

The Quantum Group and Quantum Foundation are unrelated organizations that have found a common goal in enhancing the healthcare community of Palm Beach County. Martinez elaborated on the leadership provided by the Quantum Foundation as playing a key role in the deployment of PWeR. "We have long admired the vision and leadership that the Quantum Foundation has put forth in Palm Beach County - particularly for our local healthcare community. We had the great fortune of being present for a meeting where Paul Gionfriddo, President of the Quantum Foundation, shared his vision for the interconnectivity of healthcare needed for Palm Beach County. His sentiments were heavily weighed during the development of PWeR and, as a result, we have built a system that is community-centric and enables healthcare providers to improve upon the efficiency, effectiveness and quality of patient care."

Paul Gionfriddo, President of The Quantum Foundation stated, "We need community health databases, and increasingly in the future, clinical providers will need to share complex health information through electronic means. Without the exchange of health information in electronic form, we will never be able to assure access to quality care for all residents. What the Quantum Group and Caridad Center are doing together is fundamental to the future of medical care in Palm Beach County, and, if successful, will have positive ramifications far beyond the boundaries of a single entity and a single project."

About the Caridad Center

Founded in 1989 by Caridad Asensio and Connie Berry, The Caridad Center provides free medical and dental care to a large population of agricultural workers, laborers and the working poor of Palm Beach County through the dedicated work of more than 500 licensed professional and community volunteers.

About the Quantum Foundation

Quantum Foundation concentrates its grant making in several areas: to assure that all Palm Beach County residents have access to quality health care at reasonable costs; to improve the quality of care and provide support for people with chronic health conditions; and to promote healthy communities and life styles through educational programming. Since inception the foundations with assets of $175 million has distributed over $69 million for health, education and community betterment programs.

About The Quantum Group, Inc.

The Quantum Group provides business process solutions, service chain management, strategic consulting and leading edge technology innovations to the healthcare industry.

Through our dynamic patient-centric architecture, we empower the communication that is critical for the coordination of care and take aim at the $600 billion inefficiency gap in the United States healthcare industry. We are guided by a mission to develop efficiencies, improve the quality of patient care and achieve cost reductions for the nation's largest and fastest growing industry.

Certain statements contained in this news release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective company's Securities and Exchange Commission 10-KSB, 10-QSB, S-8 and 8-K filings (and amendments thereto) that may cause actual results to materially differ from projections. Forward-looking statements can be identified by the use of words such as "expects," "plans," "will," "may," "anticipates," "believes," "should," "intends," "estimates" and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by these forward-looking statements. Such risk factors include, without limitation, the ability of the Company to properly execute its business model, to raise substantial and immediate additional capital to implement its business model, to attract and retain executive, management and operational personnel, to negotiate favorable current debt and future capital raises, to negotiate favorable agreements with a diversified provider base and to continue to supply the services needed by its HMO clients as well physician clients. The Company does not undertake any obligation to publicly update any forward-looking statements. There can be no assurance that the provisional patents discussed in this press release will be granted by the US Patent and Trademark Office, or, if they are granted, they will not be challenged by third parties, or if not that we will be able to effectively use or commercialize such patents and/or we may not have the resources to deploy such technology. As a result, investors should not place undue reliance on these forward-looking statements.

FOR MORE INFORMATION, PLEASE CONTACT: PR Financial Marketing Jim Blackman: 713-256-0369 jim@prfmonline.com or Danielle Amodio Vice President Corporate Communications The Quantum Group, Inc. 561.798.9800

The Quantum Group, Inc.

CONTACT: Jim Blackman of PR Financial Marketing, +1-713-256-0369,
jim@prfmonline.com; Danielle Amodio, Vice President Corporate Communications
of The Quantum Group, Inc., +1-561-798-9800

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

Micrel Drives Complexity and Cost Down With New 4.25Gbps FP/DFB Laser Driver Featuring Integrated Bias and High Drive Current

SAN JOSE, Calif., July 23 /PRNewswire-FirstCall/ -- Micrel Inc., , an industry leader in analog, high bandwidth communications and Ethernet IC solutions, today launched a new 4.25Gbps FP/DFB Laser Diode Driver. The SY88422L is a single 3.3V supply, small form-factor laser driver capable of delivering up to 90mA modulation current and 100mA bias current. This driver, in combination with Micrel's MIC3002 controller and SY88403L 4.25G limiting post amplifier, is an ideal solution for intermediate-reach and long-reach SFF, SFP, and LX-4 module designs in multi-rate MAN, WAN, SAN and LAN applications up to 4.25Gbps, including FC, GbE, SONET/SDH, and WDM. The SY88422L is offered in a tiny 16-pin 3mm x 3mm MLF(R) package. The IC is available in volume and pricing starts at $3.30 for 1K quantity. Micrel also offers a complete SFP module reference design consisting of SY88422L, MIC3002, and 4.25Gbps limiting post amplifier SY88403L. Samples can now be ordered on line on Micrel's web site at: http://www.micrel.com/ProductList.do.

"The release of the SY88422L Laser Diode Driver gives our customers a greater flexibility in their SFP module designs," noted Thomas S. Wong, Vice President of High Bandwidth Products. "Not only does the SY88422L feature exceptional drive capabilities, but it is designed to easily interface with the Micrel MIC3002 microcontroller. When coupled with Micrel's SY88403L 4.25 Gbps Limiting Post Amplifier, this provides customers with a complete, cost-effective 4.25G multi-rate transceiver solution."

The SY88422L is the newest addition to Micrel's extensive fiber optics product line. It offers high drive current, integrated bias and low core power consumption making it the ideal driver for FP/DFB lasers in SFP modules. The driver's integrated bias option removes the need for external transistors, which saves board space, reduces cost, and simplifies design. The IC is equipped with a bias monitoring output to give designers the ability to track the bias current output and monitor laser aging over time. The bias current can be set by Micrel's advanced microcontroller, the MIC3002. The device also accepts a wide range of input signals, ranging from 100mVpp to 2400mVpp, and has internal 50-Ohm terminations.

The SY88422L and MIC3002 combination gives the user unprecedented control over laser output and error diagnostics. The MIC3002 can automatically adjust the bias current of the SY88422L to compensate for temperature variations and laser deterioration over time. This combination also allows the user to utilize various diagnostic circuitry of the MIC3002 to monitor the transmission performance. In addition, since the MIC3002 can operate with up to four identical memory addresses, the SY88422L and MIC3002 combination can fit seamlessly into the LX-4 modules.

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/.

Note: MLF is a registered trademark of Amkor Technology.

Micrel Inc.

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

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

CEVA, Inc. Reports Second Quarter 2008 Financial Results58% YoY increase in royalty revenue and 61% YoY increase in net income, Strategic licensing agreements with leading Asian customers

SAN JOSE, Calif., July 23 /PRNewswire-FirstCall/ -- CEVA, Inc. (; ), a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for mobile handset, consumer electronics and storage applications, today announced its financial results for the quarter ended June 30, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051010/CEVALOGO)

Total revenue for the second quarter of 2008 was $10.1 million, an increase of 18% compared to $8.5 million reported for the second quarter of 2007. Licensing revenue for the second quarter of 2008 was $6.0 million, an increase of 9% from $5.5 million reported for the second quarter of 2007. Royalty revenue for the second quarter of 2008 was $3.0 million, an increase of 58% from $1.9 million reported for the second quarter of 2007. Revenue from services for the second quarter of 2008 was $1.0 million, compared to $1.1 million reported for the second quarter of 2007.

Net income for the second quarter of 2008 was $0.7 million, compared to $0.4 million for the second quarter of 2007. Diluted net income per share for the second quarter of 2008 was $0.03 per share, compared to diluted net income of $0.02 per share for the second quarter of 2007.

During the second quarter of 2008, the Company concluded eight new license agreements. Seven agreements were for CEVA DSP cores, platforms and software, and one agreement was for CEVA Bluetooth technology. Target applications for customer deployment are LTE modems, 3G data cards, HSDPA handsets, satellite phones, two way radios, wireless connectivity, consumer electronics and gaming consoles. Geographically, seven of the eight deals concluded were in the Asia Pacific region and one was in Europe.

During the quarter, CEVA concluded two strategic licensing agreements with tier 1 OEMs for its DSP cores and platforms. A major, branded Asian OEM signed a comprehensive agreement for the latest CEVA-X DSP cores and platforms for the development of 3G data cards and 4G LTE applications. The second strategic agreement was signed with a major, branded Japanese OEM who extended its use of CEVA's DSPs to a range of consumer and portable electronics products. These two agreements are illustrative of CEVA's strategy of partnering with the world's leading semiconductors and OEMs to power a new range of end market products while maintaining the Company's traditionally strong presence in the cellular handset market.

Gideon Wertheizer, Chief Executive Officer of CEVA, stated: "During the second quarter of 2008, CEVA continued to expand its licensing activities and customer base in the handset market with strategic agreements in LTE and 3G data cards. We continue to see the introduction and adoption of new handsets enabled by our technologies which we believe will further contribute to our growth. We also are encouraged by the growing adoption of our technologies beyond cellular to wireless and consumer electronics applications."

Yaniv Arieli, Chief Financial Officer of CEVA, stated: "During the first half of 2008, CEVA achieved strong financial performance as compared to prior years. CEVA achieved an increase of 24% in revenue for the first six months of 2008 as compared to the same period in 2007, as well as a significant increase of 1400% in fully diluted EPS when comparing the same periods. The results for the first half of 2008 include a capital gain of $7.7 million, net of taxes, associated with CEVA's divestment of its equity interest in GloNov Inc. and a restructuring expense of $3.5 million associated with the termination of the Harcourt lease. We believe our strong pipeline of licensing deals and royalty revenue derived from the introduction of new CEVA-powered devices are indicative of our continued growth. During the second quarter of 2008, we generated positive cash flow of approximately $1.0 million, after taking into account $1.7 million of tax payments paid during the second quarter of 2008 associated with the capital gain from our equity divestment of GloNav Inc to NXP Semiconductors. As of June 30, 2008, CEVA's cash balances and marketable securities were $86.5 million and quarterly DSO levels were at 53 days."

CEVA Conference Call

On July 23, 2008 CEVA, management will conduct a conference call at 8:30 a.m. Eastern Time / 1:30 p.m. London time, to discuss the operating performance for the quarter.

The conference call will be available via the following dial-in numbers: -- US Participants: Dial 1-877-493-9121 (Access Code: CEVA) -- UK/Rest of World: Dial +44-800-032-3836 (Access Code: CEVA)

The conference call will also be available live via the Internet at the following link: http://www.videonewswire.com/event.asp?id=49604. Please go to the web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.

For those who cannot access the live broadcast, a replay will be available by dialing 1-800-642-1687 (passcode: 54500819) for US domestic callers and +44-800-917-2646 (passcode: 54500819) for international callers from two hours after the end of the call until 11:59 p.m. (Eastern Time) on July 30, 2008. The replay will also be available at CEVA's web site http://www.ceva-dsp.com/.

About CEVA, Inc.

Headquartered in San Jose, Calif., CEVA is a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for mobile, consumer electronics and storage applications. CEVA's IP portfolio includes comprehensive solutions for multimedia, audio, voice over packet (VoP), Bluetooth and Serial ATA (SATA), and a wide range of programmable DSP cores and subsystems with different price/performance metrics serving multiple markets. In 2007, CEVA's IP was shipped in over 225 million devices. For more information, visit http://www.ceva-dsp.com/

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect, could cause the results of CEVA to differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including Mr. Wertheizer's statement that the introduction and adoption of new handsets enabled by CEVA's technologies will contribute to CEVA's growth and that the company is encouraged by the growing adoption of its technologies beyond cellular to wireless and consumer electronics applications and, as well as Mr. Arieli's statement that the company believes its strong pipeline of licensing deals and royalty revenue derived from the introduction of new CEVA-powered devices are indicative of its continued growth. The risks, uncertainties and assumptions include: the ability of CEVA's DSP cores and other technologies to continue to be strong growth drivers for the Company, including adapting to changes in the cellular handset market and expanding into wireless and consumer electronics markets; the effect of intense competition within our industry; the possibility that the market for our technology may not develop as expected; the possibility that our customers' products incorporating our technologies do not succeed as expected; our ability to timely and successfully develop and introduce new technologies; our reliance on revenue derived from a limited number of licensees; our ability to continue to improve our license and royalty revenue in future periods and other risks relating to our business, including, but not limited to, those that are described from time to time in CEVA's Securities and Exchange Commission filings. CEVA assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

CEVA, INC. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - U.S. GAAP U.S. dollars in thousands, except per share data Quarter ended Six months ended June 30, June 30, 2008 2007 2008 2007 Unaudited Unaudited Unaudited Unaudited Revenues: Licensing $6,026 $5,534 $11,114 $10,173 Royalties 3,038 1,918 6,771 3,875 Other revenues 1,019 1,063 2,265 2,193 Total revenues 10,083 8,515 20,150 16,241 Cost of revenues 1,268 918 2,438 1,925 Gross profit 8,815 7,597 17,712 14,316 Operating expenses: Research and development, net 5,235 4,610 10,355 9,310 Sales and marketing 1,806 1,619 3,579 3,174 General and administrative 1,696 1,373 3,286 2,619 Amortization of intangible assets 20 41 41 83 Reorganization expense - - 3,537 - Total operating expenses 8,757 7,643 20,798 15,186 Operating income (loss) 58 (46) (3,086) (870) Interest and other income, net 546 626 12,223 1,450 Income before taxes on income 604 580 9,137 580 Taxes on income (87) 150 2,935 150 Net income 691 430 6,202 430 Basic net income per $0.03 $0.02 $0.31 $0.02 share Diluted net income per share $0.03 $0.02 $0.30 $0.02 Weighted-average number of Common Stock used in computation of net income per share (in thousands): Basic 20,140 19,473 20,118 19,450 Diluted 20,804 19,776 20,764 19,702 Unaudited Reconciliation of Financial Measures (U.S. Dollars in thousands, except per share amounts) Quarter ended Six months ended June 30, June 30, 2008 2007 2008 2007 Unaudited Unaudited Unaudited Unaudited GAAP net income 691 430 6,202 430 Equity-based compensation expense included in cost of revenue 27 18 55 36 Equity based compensation expense included in research and development expenses 265 216 532 412 Equity based compensation expense included in sales and marketing expenses 142 92 237 174 Equity based compensation expense included in general and administrative expenses 285 186 473 362 Reorganization expense(1) - - 3,537 - Other income(2) (24) - (10,889) - Taxes on income(2) 91 - 3,196 - Total reconciliation 1,477 942 3,343 1,414 GAAP weighted-average number of Common Stock used in computation of diluted net income per share (in thousands) 20,804 19,776 20,764 19,702 Weighted-average number of shares related to outstanding options 169 165 169 160 Weighted-average number of Common Stock used in computation of diluted net income per share, excluding equity-based compensation expense; reorganization expense, net; capital gains associated with the divestment CEVA's equity investment in GloNav Inc, net; and disposal of an investment (in thousands) 20,973 19,941 20,933 19,862 GAAP diluted net income per share $0.03 $0.02 $0.30 $0.02 Equity-based compensation expense $0.04 $0.03 $0.06 $0.05 Reorganization expense(1) - - $0.17 - Other income(2) $0.00 - $(0.52) - Taxes on income(2) $0.00 - $0.15 - Total reconciliation $0.07 $0.05 $0.16 $0.07 (1) Results for the six months ended June 30, 2008 included a reorganization expense of $3.5 million related to the termination of the long-term Harcourt lease property in Ireland. (2) Results for the six months ended June 30, 2008 included a capital gain of $10.87 million reported in interest and other income, net, and the applicable tax expense of $3.2 million reported in taxes on income, related to the divestment of CEVA's equity interest in GloNov Inc. to NXP Semiconductors. Results for the second quarter and six months ended June 30, 2008 included a gain of $0.02 million reported in interest and other income, net, related to the disposal of an investment. CEVA, INC. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS U.S. Dollars in Thousands June 30, December 31, 2008 2007 Unaudited Audited ASSETS Current assets: Cash and cash equivalents $43,093 $40,697 Marketable securities and bank deposits 43,382 35,678 Trade receivables, net 5,884 2,502 Deferred tax assets 1,336 861 Prepaid expenses 1,616 904 Investment - 4,233 Other current assets 1,939 2,391 Total current assets 97,250 87,266 Long-term investments: Severance pay fund 3,859 3,091 Deferred tax assets 807 455 Property and equipment, net 1,630 1,626 Goodwill 36,498 36,498 Other intangible assets, net 12 53 Total assets $140,056 $128,989 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Trade payables $713 $455 Accrued expenses and other payables 8,827 8,452 Taxes payable 1,815 320 Deferred revenues 2,110 727 Total current liabilities 13,465 9,954 Accrued severance pay 4,063 3,141 Accrued liabilities - 1,506 Total liabilities 17,528 14,601 Stockholders' equity: Common Stock: 20 20 Additional paid in-capital 151,846 149,772 Other comprehensive income (loss) (129) 7 Accumulated deficit (29,209) (35,411) Total stockholders' equity 122,528 114,388 Total liabilities and stockholders' equity $140,056 $128,989

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20051010/CEVALOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com CEVA, Inc.

CONTACT: Yaniv Arieli, CFO, +1-408-514-2941, yaniv.arieli@ceva-dsp.com,
or Richard Kingston, +1-408-514-2976, richard.kingston@ceva-dsp.com, both of
CEVA, Inc.

Web site: http://www.ceva-dsp.com/

NII Holdings Posts Record Results for Second Quarter 2008Company achieves record results for net subscriber additions, operating revenues and operating income before depreciation and amortizationCompany announces accelerated expansion plan in Brazil- Net subscriber additions of 394,500 - resulting in over 5.4 million subscribers at June 30, 2008 - a 34% increase over the second quarter 2007 ending subscriber base- Consolidated operating revenues of $1.1 billion - a 40% increase over second quarter 2007- Consolidated operating income before depreciation and amortization of $305 million - a 47% increase over second quarter 2007- Quarter-end consolidated cash and cash equivalents of $1.3 billion and short-term investments of $166 million

RESTON, Va., July 23 /PRNewswire-FirstCall/ -- NII Holdings, Inc. today announced its consolidated financial results for the second quarter of 2008. For the second quarter, the Company added 394,500 net subscribers, a new quarterly record resulting in an ending subscriber base of over 5.4 million subscribers, a 34% increase over the subscriber base reported at the end of the second quarter of 2007. Financial results for the second quarter of 2008 included consolidated operating revenues of $1.1 billion, a new quarterly record representing a 40% increase over the same period last year. The Company reported consolidated operating income before depreciation and amortization, or OIBDA, for the second quarter of $305 million, a 47% increase over the same period last year. The Company's reported OIBDA includes the impact of approximately $17 million of non-cash stock option compensation expense compared to $13 million reported in the same period in 2007. The Company also reported consolidated operating income of $200 million, a 48% increase over the same period last year, and net income of $155 million, an 85% increase over the second quarter of 2007, or $0.93 per basic share.

"Strong demand for our high quality wireless service coupled with solid execution resulted in record results for the second quarter," said Steve Dussek, NII's Chief Executive Officer. "We generated the largest number of gross and net subscriber additions in our history, while delivering record levels of revenues and OIBDA. Compared to the second quarter of last year, we drove a 40% increase in our total revenues and a 47% increase in OIBDA, while adding 394,500 net subscribers to our network, ending the quarter with over 5.4 million subscribers, a 34% increase over our ending subscriber base a year ago. Our team is excited about the strong results that we have delivered in the first half of the year and we believe that we are on track to meet or exceed our guidance on subscribers, revenue, and OIBDA for 2008," he added.

NII Holdings' average monthly service revenue per subscriber (service ARPU) was $59 for the second quarter, up $1 as compared to the same period last year. The Company also reported churn of 1.89% for the second quarter, up from 1.84% in the first quarter of 2008. Consolidated cost per gross subscriber addition, or CPGA, was $322 for the second quarter, a slight improvement over both the same period last year and the first quarter of 2008.

The Company made solid progress on its expansion plan during the quarter, adding 340 sites, primarily in Brazil and Mexico. Total consolidated capital expenditures were $244 million during the second quarter of 2008, largely related to investments in network capacity and geographic expansion in those markets.

The Company has announced plans to make additional investments in Brazil in order to further increase capacity to support its growth and to expand its geographic footprint, including the expansion of its network into the Northeast region of the country - an important business region in that market. As a result of this decision, the Company expects to invest an incremental $100 million in capital expenditures this year in Brazil to capture this long term growth opportunity, bringing its consolidated capital expenditure outlook for 2008 to $850 million.

"We have continued to strengthen our network during the year, increasing capacity and extending the geographic reach of our network," said Gokul Hemmady, NII's Chief Financial Officer. "Recognizing both the strong performance of our team in Brazil and the enormous opportunity in that country, we believe the time is right to make the investments to significantly increase the coverage, capacity, and value of our network in Brazil. By increasing our presence in this market, we further improve Nextel Brazil's ability to capture the long term growth opportunity that is available in the country," he added.

The Company ended the quarter with $2.34 billion in total long-term debt, consisting of $1.55 billion in convertible notes, $489 million of a syndicated loan facility and $302 million in local currency tower financing and other debt obligations. With quarter-end consolidated cash and cash equivalents of $1.3 billion and short-term investments of $166 million, the Company's net debt at the end of the second quarter was $896 million.

During the quarter, the Company purchased 2.8 million shares of its common stock at an average price of $49.50 per share for a total purchase price of $140 million. Year-to-date the Company has purchased 5.6 million shares for a total purchase price of $243 million and plans to complete its $500 million share repurchase program by the end of 2008.

In addition to the preliminary results prepared in accordance with accounting principles generally accepted in the United States (GAAP) provided throughout this press release, NII has presented consolidated OIBDA, ARPU, Net Debt, and CPGA which are non-GAAP financial measures and should be considered in addition to, but not as substitutes for, the information prepared in accordance with GAAP. Reconciliations from GAAP results to these non-GAAP financial measures are provided in the notes to the attached financial table. To view these and other reconciliations of non-GAAP financial measures that the Company uses and information about how to access the conference call discussing NII's second quarter 2008 results, visit the investor relations link at http://www.nii.com/ .

About NII Holdings, Inc.

NII Holdings, Inc., a publicly held company based in Reston, Va., is a leading provider of mobile communications for business customers in Latin America. NII Holdings, Inc. has operations in Mexico, Brazil, Argentina, Peru and Chile offering a fully integrated wireless communications tool with digital cellular voice services, data services, wireless Internet access and Nextel Direct Connect(R) and International Direct Connect(TM), a digital two- way radio feature. NII Holdings, Inc., a Fortune 1000 company, trades on the NASDAQ market under the symbol NIHD and is a member of the NASDAQ 100 Index. Visit the Company's website at .

Nextel, the Nextel logo, Nextel Online, Nextel Business Networks and Nextel Direct Connect are trademarks and/or service marks of Nextel Communications, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. A number of the matters and subject areas discussed in this press release that are not historical or current facts deal with potential future circumstances and developments. The discussion of such matters and subject areas is qualified by the inherent risks and uncertainties surrounding future expectations generally, and also may materially differ from NII Holdings' actual future experience involving any one or more of such matters and subject areas. NII Holdings has attempted to identify, in context, certain of the factors that it currently believes may cause actual future experience and results to differ from NII Holdings' current expectations regarding the relevant matter or subject area. Such risks and uncertainties include the uncertainty relating to our ability to achieve the operating results described in our previously announced 2008 guidance, the risks and uncertainties relating to the impact of more intense competitive conditions and changes in economic conditions in the markets we serve, the risk that our network technologies will not perform properly or support the services our customers want or need including the risk that technology developments to support our services will not be timely delivered, the risk that customers in the markets we serve will not find our services attractive, and the additional risks and uncertainties that are described from time to time in NII Holdings' Annual Report on Form 10-K for the fiscal year ended December 31, 2007, which was filed on February 27, 2008, and in other reports filed from time to time by NII Holdings with the Securities and Exchange Commission. This press release speaks only as of its date, and NII Holdings disclaims any duty to update the information herein.

Contacts: Investor Relations: Tim Perrott (703) 390-5113 tim.perrott@nii.com Media Relations: Claudia E. Restrepo (786) 251-7020 claudia.restrepo@nii.com NII HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE SIX AND THREE MONTHS ENDED JUNE 30, 2008 AND 2007 (in millions, except per share amounts, and unaudited) Six Months Ended Three Months Ended June 30, June 30, 2008 2007 2008 2007 Operating revenues Service and other revenues $1,990.8 $1,451.9 $1,043.0 $760.0 Digital handset and accessory revenues 106.4 49.9 61.0 27.0 2,097.2 1,501.8 1,104.0 787.0 Operating expenses Cost of service (exclusive of depreciation and amortization included below) 561.8 398.9 294.4 210.0 Cost of digital handset and accessory sales 274.6 195.8 148.8 104.7 Selling, general and administrative 670.0 489.5 355.9 264.4 Depreciation 182.8 136.3 96.6 70.9 Amortization 16.5 3.4 8.6 1.8 1,705.7 1,223.9 904.3 651.8 Operating income 391.5 277.9 199.7 135.2 Other income (expense) Interest expense (81.6) (54.0) (40.2) (29.7) Interest income 36.5 22.7 17.6 12.5 Foreign currency transaction gains, net 40.3 5.8 37.4 9.3 Other (expense) income, net (5.2) 0.6 (0.7) (1.2) (10.0) (24.9) 14.1 (9.1) Income before income tax provision 381.5 253.0 213.8 126.1 Income tax provision (112.7) (84.7) (58.6) (42.0) Net income $268.8 $168.3 $155.2 $84.1 Net income per common share, basic $1.60 $1.04 $0.93 $0.52 Net income per common share, diluted $1.52 $0.94 $0.88 $0.47 Weighted average number of common shares outstanding, basic 168 162 167 163 Weighted average number of common shares outstanding, diluted 187 186 186 186 CONSOLIDATED BALANCE SHEET DATA (in millions) June 30, December 31, 2008 2007 (unaudited) Cash and cash equivalents $1,279.8 $1,370.2 Short-term investments 165.5 241.8 Accounts receivable, less allowance for doubtful accounts of $30.6 and $20.2 544.9 438.3 Property, plant and equipment, net 2,239.1 1,853.1 Intangible assets, net 421.5 410.4 Total assets 6,024.2 5,436.7 Long-term debt, including current portion 2,417.4 2,266.5 Total liabilities 3,551.4 3,268.3 Stockholders' equity 2,472.8 2,168.4 NII HOLDINGS, INC. AND SUBSIDIARIES OPERATING RESULTS AND METRICS FOR THE SIX AND THREE MONTHS ENDED JUNE 30, 2008 AND 2007 (UNAUDITED) NII Holdings, Inc. (subscribers in thousands) Three Months Ended June 30, 2008 2007 Total digital subscribers (as of June 30) 5,444.8 4,060.6 Net subscriber additions 394.5 331.1 Churn (%) 1.89% 1.61% Average monthly revenue per handset/unit in service (ARPU) (1) $59 $58 Cost per gross add (CPGA) (1) $322 $323 Nextel Mexico (dollars in millions, except ARPU and CPGA, and subscribers in thousands) Six Months Ended Three Months Ended June 30, June 30, 2008 2007 2008 2007 Operating revenues Service and other revenues $1,024.1 $822.3 $530.8 $427.2 Digital handset and accessory revenues 39.2 10.6 24.1 5.5 1,063.3 832.9 554.9 432.7 Operating expenses Cost of service (exclusive of depreciation and amortization included below) 216.5 171.8 110.7 89.2 Cost of digital handset and accessory sales 160.1 121.9 89.1 65.0 Selling, general and administrative 295.2 228.3 155.4 121.4 Management fee 16.8 19.8 8.4 9.9 Depreciation and amortization 96.1 68.2 50.0 35.0 784.7 610.0 413.6 320.5 Operating income $278.6 $222.9 $141.3 $112.2 Total digital subscribers (as of June 30) 2,435.8 1,848.3 Net subscriber additions 166.1 156.9 Churn (%) 2.36% 1.78% ARPU (1) $69 $74 CPGA (1) $409 $427 Nextel Brazil (dollars in millions, except ARPU and CPGA, and subscribers in thousands) Six Months Ended Three Months Ended June 30, June 30, 2008 2007 2008 2007 Operating revenues Service and other revenues $616.6 $357.1 $330.3 $192.7 Digital handset and accessory revenues 34.9 17.8 19.7 9.7 651.5 374.9 350.0 202.4 Operating expenses Cost of service (exclusive of depreciation and amortization included below) 219.7 123.3 118.8 67.3 Cost of digital handset and accessory sales 57.7 35.0 30.1 18.9 Selling, general and administrative 198.9 122.5 107.3 68.0 Depreciation and amortization 69.0 42.6 37.0 22.9 545.3 323.4 293.2 177.1 Operating income $106.2 $51.5 $56.8 $25.3 Total digital subscribers (as of June 30) 1,525.8 1,082.3 Net subscriber additions 129.9 101.0 Churn (%) 1.34% 1.36% ARPU (1) $64 $53 CPGA (1) $290 $259 Nextel Argentina (dollars in millions, except ARPU and CPGA, and subscribers in thousands) Six Months Ended Three Months Ended June 30, June 30, 2008 2007 2008 2007 Operating revenues Service and other revenues $241.1 $188.1 $126.1 $97.0 Digital handset and accessory revenues 23.4 15.7 12.4 8.8 264.5 203.8 138.5 105.8 Operating expenses Cost of service (exclusive of depreciation and amortization included below) 85.5 70.7 44.1 36.5 Cost of digital handset and accessory sales 35.2 24.6 18.4 13.4 Selling, general and administrative 62.0 44.7 33.6 23.8 Depreciation and amortization 18.3 14.9 9.6 7.7 201.0 154.9 105.7 81.4 Operating income $63.5 $48.9 $32.8 $24.4 Total digital subscribers (as of June 30) 896.9 726.0 Net subscriber additions 45.9 40.5 Churn (%) 1.57% 1.41% ARPU (1) $41 $40 CPGA (1) $186 $168 Nextel Peru (dollars in millions, except ARPU and CPGA, and subscribers in thousands) Six Months Ended Three Months Ended June 30, June 30, 2008 2007 2008 2007 Operating revenues Service and other revenues $105.6 $83.5 $53.9 $42.5 Digital handset and accessory revenues 8.9 5.9 4.7 3.1 114.5 89.4 58.6 45.6 Operating expenses Cost of service (exclusive of depreciation and amortization included below) 37.9 32.7 19.4 16.8 Cost of digital handset and accessory sales 20.6 13.8 10.8 7.1 Selling, general and administrative 33.4 25.0 17.8 12.9 Depreciation and amortization 9.9 10.9 5.0 5.6 101.8 82.4 53.0 42.4 Operating income $12.7 $7.0 $5.6 $3.2 Total digital subscribers (as of June 30) 569.5 398.8 Net subscriber additions 48.6 30.0 Churn (%) 1.81% 1.88% ARPU (1) $30 $35 CPGA (1) $160 $168 (1) For information regarding ARPU and CPGA, see "Non-GAAP Reconciliations for the Six and Three Months Ended June 30, 2008 and 2007" included in this release. NON-GAAP RECONCILIATIONS FOR THE SIX AND THREE MONTHS ENDED JUNE 30, 2008 AND 2007 (UNAUDITED) Operating Income Before Depreciation and Amortization

Consolidated operating income before depreciation and amortization, or OIBDA, represents operating income before depreciation and amortization expense. Consolidated OIBDA is not a measurement under accounting principles generally accepted in the United States, may not be similar to consolidated OIBDA measures of other companies and should be considered in addition to, but not as a substitute for, the information contained in our statements of operations. We believe that consolidated OIBDA provides useful information to investors because it is an indicator of operating performance, especially in a capital intensive industry such as ours, since it excludes items that are not directly attributable to ongoing business operations. Our consolidated OIBDA calculations are commonly used as some of the bases for investors, analysts and credit rating agencies to evaluate and compare the periodic and future operating performance and value of companies within the wireless telecommunications industry. Consolidated OIBDA can be reconciled to our consolidated statements of operations as follows (in millions):

NII Holdings, Inc. Three Months Ended June 30, 2008 2007 Consolidated operating income $199.7 $135.2 Consolidated depreciation 96.6 70.9 Consolidated amortization 8.6 1.8 Consolidated operating income before depreciation and amortization $304.9 $207.9 Average Monthly Revenue Per Handset/Unit in Service (ARPU)

Average monthly revenue per handset/unit in service, or ARPU, is an industry term that measures service revenues, which we refer to as subscriber revenues, per period from our customers divided by the weighted average number of handsets in commercial service during that period. ARPU is not a measurement under accounting principles generally accepted in the United States, may not be similar to ARPU measures of other companies and should be considered in addition, but not as a substitute for, the information contained in our statements of operations. We believe that ARPU provides useful information concerning the appeal of our rate plans and service offerings and our performance in attracting and retaining high value customers. Other revenue includes revenues for such services as roaming, handset maintenance, cancellation fees, analog and other. ARPU can be calculated and reconciled to our consolidated statement of operations as follows (in millions, except ARPU):

NII Holdings, Inc. Three Months Ended June 30, 2008 2007 Consolidated service and other revenues $1,043.0 $760.0 Less: consolidated analog revenues (1.5) (1.6) Less: consolidated other revenues (111.9) (78.8) Total consolidated subscriber revenues $929.6 $679.6 ARPU calculated with subscriber revenues $59 $58 ARPU calculated with service and other revenues $66 $65 Nextel Mexico Three Months Ended June 30, 2008 2007 Service and other revenues $530.8 $427.2 Less: analog revenues (0.7) (0.7) Less: other revenues (41.3) (33.4) Total subscriber revenues $488.8 $393.1 ARPU calculated with subscriber revenues $69 $74 ARPU calculated with service and other revenues $75 $81 Nextel Brazil Three Months Ended June 30, 2008 2007 Service and other revenues $330.3 $192.7 Less: analog revenues (0.7) (0.6) Less: other revenues (48.8) (29.8) Total subscriber revenues $280.8 $162.3 ARPU calculated with subscriber revenues $64 $53 ARPU calculated with service and other revenues $76 $63 Nextel Argentina Three Months Ended June 30, 2008 2007 Service and other revenues $126.1 $97.0 Less: other revenues (17.6) (13.0) Total subscriber revenues $108.5 $84.0 ARPU calculated with subscriber revenues $41 $40 ARPU calculated with service and other revenues $48 $46 Nextel Peru Three Months Ended June 30, 2008 2007 Service and other revenues $53.9 $42.5 Less: other revenues (4.3) (2.8) Total subscriber revenues $49.6 $39.7 ARPU calculated with subscriber revenues $30 $35 ARPU calculated with service and other revenues $33 $37 Cost per Gross Add (CPGA)

Cost per gross add, or CPGA, is an industry term that is calculated by dividing our selling, marketing and handset and accessory subsidy costs, excluding costs unrelated to initial customer acquisition, by our new subscribers during the period, or gross adds. CPGA is not a measurement under accounting principles generally accepted in the United States, may not be similar to CPGA measures of other companies and should be considered in addition, but not as a substitute for, the information contained in our statements of operations. We believe CPGA is a measure of the relative cost of customer acquisition. CPGA can be calculated and reconciled to our consolidated statements of operations as follows (in millions, except CPGA):

NII Holdings, Inc. Three Months Ended June 30, 2008 2007 Consolidated digital handset and accessory revenues $56.4 $27.0 Less: consolidated cost of handset and accessory sales 147.3 104.7 Consolidated handset subsidy costs 90.9 77.7 Consolidated selling and marketing 149.7 108.4 Costs per statement of operations 240.6 186.1 Less: consolidated costs unrelated to initial customer acquisition (17.9) (18.7) Customer acquisition costs $222.7 $167.4 Cost per Gross Add $322 $323 Nextel Mexico Three Months Ended June 30, 2008 2007 Digital handset and accessory revenues $22.1 $5.5 Less: cost of handset and accessory sales 89.0 65.0 Handset subsidy costs 66.9 59.5 Selling and marketing 83.4 63.7 Costs per statement of operations 150.3 123.2 Less: costs unrelated to initial customer acquisition (14.1) (16.0) Customer acquisition costs $136.2 $107.2 Cost per Gross Add $409 $427 Nextel Brazil Three Months Ended June 30, 2008 2007 Digital handset and accessory revenues $17.3 $9.7 Less: cost of handset and accessory sales 30.0 18.9 Handset subsidy costs 12.7 9.2 Selling and marketing 43.6 29.0 Costs per statement of operations 56.3 38.2 Less: costs unrelated to initial customer acquisition (1.7) (1.2) Customer acquisition costs $54.6 $37.0 Cost per Gross Add $290 $259 Nextel Argentina Three Months Ended June 30, 2008 2007 Digital handset and accessory revenues $12.3 $8.8 Less: cost of handset and accessory sales 18.4 13.4 Handset subsidy costs 6.1 4.6 Selling and marketing 11.5 8.0 Costs per statement of operations 17.6 12.6 Less: costs unrelated to initial customer acquisition (1.3) (0.8) Customer acquisition costs $16.3 $11.8 Cost per Gross Add $186 $168 Nextel Peru Three Months Ended June 30, 2008 2007 Digital handset and accessory revenues $4.6 $3.1 Less: cost of handset and accessory sales 10.3 7.1 Handset subsidy costs 5.7 4.0 Selling and marketing 7.6 5.2 Costs per statement of operations 13.3 9.2 Less: costs unrelated to initial customer acquisition (0.8) (0.6) Customer acquisition costs $12.5 $8.6 Cost per Gross Add $160 $168 Net Debt

Net debt represents total long-term debt less cash, cash equivalents and short-term investments. Net debt to consolidated operating income before depreciation and amortization represents net debt divided by consolidated operating income before depreciation and amortization. Prior to 2008, we calculated net debt as total long-term debt less cash and cash equivalents. In 2008, we added short-term investments to the items subtracted from long- term debt to calculate net debt because we concluded that our short-term investments were similar to cash and cash equivalents in terms of liquidity and should be used similarly in providing the assessment of our overall leverage in the net debt calculation. Net debt is not a measurement under accounting principles generally accepted in the United States, may not be similar to net debt measures of other companies and should be considered in addition to, but not as a substitute for, the information contained in our balance sheets. We believe that net debt and net debt to consolidated operating income before depreciation and amortization provide useful

information concerning our liquidity and leverage. Net debt as of June 30, 2008 can be calculated as follows (in millions):

NII Holdings, Inc. Total long-term debt $2,341.3 Less: cash and cash equivalents (1,279.8) Less: short-term investments (165.5) Net debt $896.0

NII Holdings, Inc.

CONTACT: Investor Relations: Tim Perrott, +1-703-390-5113,
tim.perrott@nii.com; Media Relations: Claudia E. Restrepo, +1-786-251-7020,
claudia.restrepo@nii.com

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

Trimble Introduces Blue Ox Integrated Transportation Management System for ForestrySystem Integrates Rugged Mobile Computers, GPS, and Cellular Communications to Increase Efficiency, Reduce Costs from the Forest to the Mill

SUNNYVALE, Calif., July 23 /PRNewswire-FirstCall/ -- Trimble today introduced the Blue Ox(TM) system, an integrated transportation management solution for forestry applications. Blue Ox integrates several mobile technologies with real-time data across the forestry supply chain. The system analyzes and processes the data to help timber companies, loggers and trucking firms increase the percentage of loaded miles, take advantage of more backhaul opportunities, improve routing efficiency and reduce costs.

"Transporting logs from the harvest site to the mill represents up to 51 percent of the total cost of forest products processing, and rapidly rising fuel costs only make the problem worse," said Matt Lehman, forestry automation sales manager. "Many of the inefficiencies along the supply chain are caused by a lack of information. The Blue Ox system collects and processes that information in real time, recommending actions dispatchers can use to reduce or eliminate the bottlenecks that waste time and fuel."

The Blue Ox system features integrated hardware and software across the forestry supply chain:

-- Log trucks are equipped with a rugged GETAC e100 tablet PC with an 8.4" TFT touch screen and a Trimble(R) iLM 31xx module featuring cellular communications and GPS positioning. Log truck software includes in-cab road maps, optimized route mapping with alternate routing; automatic load delivery assignments; landmarks such as mills, fuel stations and start/stop points; geofences at pick-up and drop-off sites; and on-screen messaging and alerts.

-- Loaders are equipped with a rugged Trimble Recon(R) outdoor rugged handheld computer and an iLM 31xx module featuring cellular communications, GPS positioning and 802.11g wireless. Software includes messaging and alerts such as load availability, load destination, trailer configuration and load assignments.

-- The office management software automatically dispatches loads based on truck and load availability. A user-friendly dashboard provides a ticker display showing operating parameters such as the average truck wait times at sites and mills or the previous day's loaded miles. Pop-up exceptions alert dispatchers if trucks are not moving or if there are bottlenecks at harvest sites and mills.

At the harvest site, the Blue Ox system schedules trucks for loading according to availability, and truck arrival times are staggered to minimize waiting. The system tells the loader what loads to put onto what truck, and updates the system when the loaded truck leaves for the mill. Geofences at pick-up and drop-off sites tie loads from each harvest site to their destination, truck and logger -- ensuring supply chain integrity.

In the log truck, the Blue Ox system tells drivers where to deliver loads, including the best route to a destination. After delivery, the system automatically assigns a new load to the truck.

The Blue Ox system gives dispatchers real-time information on truck locations and operations, including the harvest sites (supply areas) and mill locations (demand areas). Dispatchers can monitor and update the system for mill shutdowns, road hazards/detours, truck breakdowns or other supply chain disruptions and recommend corrective actions as needed.

"At a glance, the dispatcher can see which trucks are loaded plus when and where loads are scheduled to be delivered," Lehman said. "Operators can reduce loading times and bottlenecks by having the trucks in queue, and once on the road, more efficient routing helps increase the number of loads delivered, using fewer trucks to deliver the same number of loads."

In one pilot test of the Blue Ox system, coordinated truck dispatch increased the loaded miles per day by 31 percent. In a second test, the number of trucks used was cut by 45 percent and total miles were cut almost 22 percent. Each of the trucks in the second test traveled fewer miles and delivered more loads per truck.

The Blue Ox system is available now through Trimble's Forestry Automation sales channel. For more information on the Blue Ox system, visit http://www.forestryautomation.com/

About Trimble

Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring positioning 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 in the field and to ensure communication between the field and the office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in more than 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, Investors, Willa McManmon, +1-408-481-7838,
willa_mcmanmon@trimble.com, both of Trimble

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

China's Premier Online Video Sharing Service Partners With SonicTudou.com Integrates Roxio Buzz to Help Streamline Content Preparation and Publishing

NOVATO, Calif., July 23 /PRNewswire-FirstCall/ -- Sonic Solutions(R) , the leader in digital media software, today announced an agreement to offer a customized version of Roxio Buzz(TM) on Tudou.com, one of China's largest video sharing websites, which serves over 100 million videos every day. Roxio Buzz is an easy-to-use application that combines lightweight video editing features with straightforward online publishing functionality. The application will be offered as a free download to Tudou.com users to help them quickly prepare and post content to the site. As part of this strategic alliance with Sonic(R), Tudou will also begin to promote other Roxio(R)-branded digital media products and services to its users.

"Tudou.com serves 100 million video clips to more than 10 million users daily and is constantly striving to enhance the user experience. With more than 210 million people now online in China, the opportunity to expand Tudou's current customer base and service offering is enormous," said Anita Huang, Vice President of Community & Marketing, Tudou. "Partnering with Sonic to offer consumers an easy tool to create, edit and post video content on the Tudou site is one more way we may deepen our service for Internet users in China."

"Our collaboration with Tudou provides a great platform for Sonic to access the world's largest population of Internet users," said Matt DiMaria, general manager, Roxio division of Sonic Solutions. "For the millions of consumers now online in China, Roxio Buzz not only helps make content creation and uploading as seamless as possible, it also serves as the perfect introduction to our intuitive line of Roxio-branded applications."

Roxio Buzz is an ideal client application for any video sharing site wishing to streamline the upload process and encourage greater consumer use. The editing functions offer a one-button tool for effortlessly trimming video content, options for adding appropriate search meta-tags and automatic optimization of bit rate and video file sizes based on the requirements of a video-sharing portal.

About Sonic Solutions

Sonic Solutions (Nasdaq: SNIC; http://www.sonic.com/) enables the creation, management, and enjoyment of digital media content through its Hollywood to Home(TM) products, services, and technologies. Sonic's products range from the advanced authoring systems used to produce Hollywood DVD and Blu-ray Disc titles to the award-winning Roxio-branded photo, video, music, and digital-media management applications and services. Sonic's patented technologies and AuthorScript(R) media engine are relied upon by leading technology firms to define rich media experiences on a wide array of consumer electronics, mobile devices, set-top players, retail kiosks, and PCs. Always an innovator, Sonic has taken a leading role in helping professional and consumer markets make the successful transition to the new high-definition media formats and, through the Qflix(TM) platform, Sonic is defining new models for the digital distribution of Hollywood entertainment. Sonic Solutions is headquartered in Marin County, California.

About Tudou

Tudou (http://www.tudou.com/) was the first online video sharing website, established in April, 2005 and has been the leading player in the China market for over 3 years. Tudou has headquarters in Shanghai and is committed to building the best possible Internet community platform enabling users to share their videos from any place, at any time, and through any connected device.

Forward Looking Statements

This press release may contain forward-looking statements that are based upon current expectations, including the distribution and market acceptance of Roxio Buzz. Actual results could differ materially from those projected in the forward-looking statements as a result of various risks and uncertainties, including those discussed in the Company's annual and quarterly reports on file with the Securities and Exchange Commission. This press release should be read in conjunction with the Company's most recent annual report on Form 10-K, Form 10-Q and other reports on file with the Securities and Exchange Commission, which contain a more detailed discussion of the Company's business including risks and uncertainties that may affect future results. The Company does not undertake to update any forward-looking statements.

Sonic, the Sonic logo, Sonic Solutions, AuthorScript, Hollywood to Home, Qflix, Roxio Buzz, and Roxio are trademarks or registered trademarks of Sonic Solutions in the United States and/or other countries. All other company or product names are trademarks of their respective owners and, in some cases, are used under license.

Sonic Solutions

CONTACT: Chris Taylor of Sonic Solutions, +1-408-367-5231,
chris_taylor@sonic.com

Web site: http://www.sonic.com/
http://www.tudou.com/

BluePhoenix Solutions to Modernize Legacy Databases and Applications for U.S. Department of EnergyProject to Increase Resource and Manpower Availability, Cut Costs and Enable Development of Enhanced FunctionalityDatabase and Application Technology to be Migrated Include ADABAS/Natural, VSAM/COBOL, JCL, Assembler, CLIST, SuperWylbur, PL/I, CA Easytrieve and SAS to a Java/Oracle EnvironmentProject Estimated at $1.1 Million and Expected to Take 15 Months to Implement

CARY, North Carolina, July 23 /PRNewswire-FirstCall/ -- BluePhoenix Solutions , the leader in value-driven legacy modernization, today announced that following a successful global assessment of the systems at the U.S. Department of Energy, it has won a major project estimated at $1.1 million to migrate and modernize several key applications and databases to the Java/Oracle environment. The legacy technology includes ADABAS/Natural, VSAM/COBOL, JCL, Assembler, CLIST, SuperWylbur, PL/I, CA Easytrieve and SAS. This project will be executed in conjunction with BluePhoenix partner EES (Energy Enterprise Solutions), to whom BluePhoenix is serving as subcontractor.

The Department of Energy's overarching mission is to advance the national, economic, and energy security of the United States; to promote scientific and technological innovation in support of that mission; and to ensure the environmental cleanup of the national nuclear weapons complex.

Working in conjunction with EES (Energy Enterprise Solutions), a leading provider of solutions to the Department of Energy, BluePhoenix's automated migration tools and services will be used to perform the migration, transformation, testing and enhancement to the modernized databases and applications.

"We are very comfortable with our initial experience of working with BluePhoenix through the global assessment and into the initial stages of the migration effort," said Bill Underwood, CIO and Director of Office of Information Technology, Department of Energy / Energy Information Administration. "We look forward to leveraging the benefits of modern technology with the reduced risk and timeframes that BluePhoenix can provide."

According to a recent study entitled "Government and IT Modernization" from Gartner, Inc., factors such as skill gaps, budget cuts, complexity and age of IT systems have a direct impact on government IT departments' assets, services and management practices. Gartner notes that "During the next 5 to 10 years, the retirement of baby boomers will create gaps in skills required to upgrade and maintain legacy mainframe-based systems that are poorly documented and dependent on vanishing programmers."

"This project represents our continued support and commitment to the federal government in their quest to secure a safe, rapid, economic migration path for their legacy databases and applications," said Arik Kilman, CEO of BluePhoenix. "Given the amount of legacy systems that can be found in all areas of government, we see this as an excellent market for growth in the coming years."

About BluePhoenix Solutions (http://www.bphx.com/)

BluePhoenix Solutions is a leading provider of value-driven modernization solutions for legacy information systems. BluePhoenix offerings include a comprehensive suite of tools and services from global IT asset assessment and impact analysis to automated database and application migration, rehosting, and renewal. Leveraging over 20 years of best-practice domain expertise, BluePhoenix works closely with its customers to ascertain which assets should be migrated, redeveloped, or wrapped for reuse as services or business processes, to protect and increase the value of their business applications and legacy systems with minimized risk and downtime.

BluePhoenix provides modernization solutions to companies from diverse industries and vertical markets such as automotive, banking and financial services, insurance, manufacturing and retail. Among its prestigious customers are: Aflac, Citigroup, DaimlerChrysler, Danish Commerce and Companies Agency, Lawson Products, Los Angeles County Employees Retirement Association, Merrill Lynch, Rabobank, Rural Servicios Informaticos, SDC Udvikling, and TEMENOS. BluePhoenix has 15 offices in the USA, UK, Denmark, Germany, Italy, France, The Netherlands, Romania, Russia, Cyprus, South Korea, Australia, and Israel.

SAFE HARBOR: Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain additional software personnel, and the ability to develop new business lines. All names and trademarks are their owners' property.

BluePhoenix Contact Colleen Pence +1-210-408-0212, ext. 600 cpence@bphx.com Investor Contact Financial Media Contact Peter Seltzberg Jeffrey Stanlis Hayden Communications Hayden Communications +1-(646)415-8972 +1-(602)476-1821 peter@haydenir.com jeff@haydenir.com

BluePhoenix Solutions Ltd

CONTACT: BluePhoenix Contact: Colleen Pence, +1-210-408-0212, ext. 600,
cpence@bphx.com; Investor Contact: Peter Seltzberg, Hayden Communications,
+1-(646)415-8972, peter@haydenir.com ; Financial Media Contact: Jeffrey
Stanlis, Hayden Communications, +1-(602)476-1821, jeff@haydenir.com

Micrel Drives Complexity and Cost Down With New 4.25Gbps FP/DFB Laser Driver Featuring Integrated Bias and High Drive Current

SAN JOSE, California, July 23 /PRNewswire/ --

Micrel Inc., (Nasdaq: MCRL), an industry leader in analog, high bandwidth communications and Ethernet IC solutions, today launched a new 4.25Gbps FP/DFB Laser Diode Driver. The SY88422L is a single 3.3V supply, small form-factor laser driver capable of delivering up to 90mA modulation current and 100mA bias current. This driver, in combination with Micrel's MIC3002 controller and SY88403L 4.25G limiting post amplifier, is an ideal solution for intermediate-reach and long-reach SFF, SFP, and LX-4 module designs in multi-rate MAN, WAN, SAN and LAN applications up to 4.25Gbps, including FC, GbE, SONET/SDH, and WDM. The SY88422L is offered in a tiny 16-pin 3mm x 3mm MLF(R) package. The IC is available in volume and pricing starts at US$3.30 for 1K quantity. Micrel also offers a complete SFP module reference design consisting of SY88422L, MIC3002, and 4.25Gbps limiting post amplifier SY88403L. Samples can now be ordered on line on Micrel's web site at: http://www.micrel.com/ProductList.do.

"The release of the SY88422L Laser Diode Driver gives our customers a greater flexibility in their SFP module designs," noted Thomas S. Wong, Vice President of High Bandwidth Products. "Not only does the SY88422L feature exceptional drive capabilities, but it is designed to easily interface with the Micrel MIC3002 microcontroller. When coupled with Micrel's SY88403L 4.25 Gbps Limiting Post Amplifier, this provides customers with a complete, cost-effective 4.25G multi-rate transceiver solution."

The SY88422L is the newest addition to Micrel's extensive fiber optics product line. It offers high drive current, integrated bias and low core power consumption making it the ideal driver for FP/DFB lasers in SFP modules. The driver's integrated bias option removes the need for external transistors, which saves board space, reduces cost, and simplifies design. The IC is equipped with a bias monitoring output to give designers the ability to track the bias current output and monitor laser aging over time. The bias current can be set by Micrel's advanced microcontroller, the MIC3002. The device also accepts a wide range of input signals, ranging from 100mVpp to 2400mVpp, and has internal 50-Ohm terminations.

The SY88422L and MIC3002 combination gives the user unprecedented control over laser output and error diagnostics. The MIC3002 can automatically adjust the bias current of the SY88422L to compensate for temperature variations and laser deterioration over time. This combination also allows the user to utilize various diagnostic circuitry of the MIC3002 to monitor the transmission performance. In addition, since the MIC3002 can operate with up to four identical memory addresses, the SY88422L and MIC3002 combination can fit seamlessly into the LX-4 modules.

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.

Note: MLF is a registered trademark of Amkor Technology.

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

Micrel Inc.

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

Perfect World Announces Appointment to the Board of Directors

BEIJING, July 23 /Xinhua-PRNewswire/ -- Perfect World Co., Ltd. ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced the appointment of Mr. Han Zhang as an independent director to the Company's Board of Directors.

Mr. Han Zhang serves as a partner of Share Capital Partners Ltd. Prior to his affiliation with Share Capital Partners Ltd., he was the general manager of Greatwall Fund Management Co., Ltd. Prior to that, he also held management positions in a number of fund management companies. Mr. Zhang received his bachelor's degree in chemistry from the Peking University and his EMBA degree from China Europe International Business School.

"I would like to welcome Mr. Zhang to the Board as an independent director. His extensive experience should help further strengthen our corporate governance," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World.

Perfect World would also like to announce that Mr. Daniel Dong Yang recently stepped down from his position as a member of the Board of Directors of Perfect World. He plans to focus on other professional commitments.

"I would like to thank Mr. Yang for his contribution to Perfect World," commented Mr. Michael Chi. "I and the rest of the Board would like to take this opportunity to express our sincere gratitude to Mr. Yang and wish him the best in his pursuit of his other professional commitments."

After the above changes of the board of directors, Perfect World has met the requirement of the Nasdaq Stock Market, Marketplace Rules that a majority of the directors shall be independent directors. Perfect World's current board members are Mr. Michael Chi, founder, chairman and Chief Executive Office of Perfect World, Mr. Ge Song, Director, Mr. Louis T. Hsieh, independent director, Dr. Bing Xiang, independent director, and Mr. Han Zhang, independent director. The three independent directors are also members of the Company's audit committee.

About Perfect World Co., Ltd. ( http://www.pwrd.com/ )

Perfect World Co., Ltd. is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional ("3D") online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games that are designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed online games includes 3D massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," and "Chi Bi;" and a 3D casual game: "Hot Dance Party." While most revenues are generated in China, the Company's games have been licensed to leading game operators in more than ten countries and regions. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.

Safe Harbor Statements

This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "future," "plans," "believes" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, and changes of the regulatory environment in China. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For further information, please contact Perfect World Co., Ltd. Vivien Wang Investor Relations Officer Tel: +86-10-5885-1813 Fax: +86-10-5885-6899 Email: ir@pwrd.com http://www.pwrd.com/ Christensen Investor Relations Peter Homstad Tel: +1-480-614-3026 Fax: +1-480-614-3033 Email: phomstad@christensenir.com Jung Chang Tel: +852-2117-0861 Fax: +852-2117-0869 Email: jchang@christensenir.com

Perfect World Co., Ltd.

CONTACT: Perfect World Co., Ltd. - Vivien Wang, Investor Relations
Officer, +86-10-5885-1813, fax, +86-10-5885-6899, or ir@pwrd.com; Christensen
Investor Relations - Peter Homstad, +1-480-614-3026, or fax, +1-480-614-3033,
or phomstad@christensenir.com; Jung Chang, +852-2117-0861, fax, +852-2117-0869,
or jchang@christensenir.com

Web Site: http://www.pwrd.com/

Radware Ltd. Announces Q2 '08 ResultsRadware Plans to Reactivate its Stock Repurchase Program

TEL AVIV, Israel, July 23 /PRNewswire-FirstCall/ --

* Quarterly revenues of $24.0 million ** GAAP loss per share $0.36, Non-GAAP loss per share $0.25

Radware , the leading provider of integrated application delivery solutions for business-smart networking, today reported quarterly revenues of $24.0 million for the second quarter of 2008. This represents an increase of 12% compared with revenues of $21.5 million for the second quarter of 2007 and an increase of 8% compared to revenues of $22.2 million for the first quarter of 2008.

Net loss on a GAAP basis for the second quarter of 2008 was $7.1 million or $0.36 per diluted share, compared to a net loss of $8.3 million or $0.42 per diluted share in the first quarter of 2008 and to a net loss of $4 million or $0.21 per diluted share in the second quarter of 2007.

Net loss on a non-GAAP basis for the second quarter of 2008 was $5.0 million or $0.25 per diluted share, compared with a net loss of $6.3 million or $0.32 per diluted share in the first quarter of 2008 and to a net loss of $2.4 million or $0.12 per diluted share in the second quarter of 2007. Non-GAAP results exclude the effects of stock-based compensation expense and amortization of intangible assets and acquisition related expenses.

During the second quarter, the continued devaluation of the US dollar against the Israeli Shekel, the Euro, the Australian dollar and Asian currencies resulted in an increase in operating expenses of $0.8 million compared to the first quarter 2008. This increase was off-set by a decrease in expenses derived from cutting operational costs.

At the end of the second quarter 2008 the company's overall cash position, including cash, short-term and long-term bank deposits and marketable securities totaled an amount of $148.6 million.

"The strategic and tactical plans set forth in the first quarter are proving to be successful and are enabling Radware to make real headway in the ADC market," said Roy Zisapel, President & CEO of Radware. "With the introduction of APSolute Immunity, our new security strategy and key partnerships such as joining Juniper Networks J-Partnership program as a major application delivery solutions provider, we are well positioned for continued growth in the next quarters."

Management's expectation is to reach an annual growth rate in the mid to high teens and return to operating profitability by the fourth quarter of 2008.

Radware further announced that it plans to reactivate its stock repurchase program. Purchases under Radware's stock repurchase program may be made in the open market or in private transactions, from time to time, through block trades or otherwise. These purchases, including scope and price limits, will depend on market conditions and other factors and may be commenced or suspended at any time without prior notice. The Company's current intention is to implement the repurchase program in accordance with the safe harbor rules of Rule 10b-18 under the US Securities Exchange Act of 1934.

As of July 21 2008, Radware had approximately 20 million shares outstanding.

During the quarter ended June 30, 2008, Radware released the following significant announcements:

- Radware's DefensePro Receives NSS Labs' "Approved" for Attack Mitigation - Radware Discovers Denial-of-Service Vulnerability in Apples' iPhone Safari Internet Browser - Radware Receives Network Products Guide 2008 Product Innovation Award - Tongji University Deploys Radware's Application Delivery Solution to Ensure Continuous & Secure Access for Campus Applications - Radware Joins Juniper Networks J-Partner Solutions Alliance Program - Austria's SKIDATA AG Upgrades Corporate Network with Radware's DefensePro - Radware Optimizes VoIP Network Reliability for Virtual PBX(TM) - Radware Showcases Carrier Solutions to Drive Next-generation Service Delivery at NXTcomm08 - disy Optimizes Offering with Failover Solution from Radware - Radware's APSolute Immunity Provides Networks with Ability to Fight Emerging Threats

Company management will host a quarterly investor conference call at 8:45 AM EDT on July 23, 2008. The call will focus on financial results for the quarter ended June 30, 2008, and certain other matters related to the Company's business.

The conference call will be webcast on July 23, 2008 at 8:45 AM EST in the "listen only" mode via the Internet at: http://www.radware.com/Company/InvestorRelations/default.aspx and would be available for replay during the next 30 days.

Please use the following dial-in numbers to participate in the first quarter 2008 call:

Participants in the US call: Toll Free 1-800-230-1951 International participants call: +1-612-332-0335 About Radware

Radware , the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for more than 5,000 enterprises and carriers worldwide. With APSolute(TM), Radware's comprehensive and award-winning suite of intelligent front end, access, and security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks "business smart". For more information, please visit http://www.radware.com/.

Use of Non-GAAP Financial Information

In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Radware uses non-GAAP measures of net income and earnings per share, which are adjustments from results based on GAAP to exclude stock-based compensation expense, in accordance with SFAS 123R, and amortization of intangible assets and acquisition related expenses. Radware's management believes the non-GAAP financial information provided in this release is useful to investors for the purpose of understanding and assessment of Radware's ongoing operations. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release to the most directly comparable GAAP financial measures is included with the financial information contained in this press release. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such has determined that it is important to provide this information to investors.

This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching and Network Security industry, changes in demand for Application Switching and Network Security products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.

Condensed Consolidated Balance Sheets (U.S. Dollars in Thousands) December 31, June 30, 2007 2008 (Audited) (Unaudited) Current assets Cash and cash equivalents 61,376 49,311 Short-term marketable securities 80,498 41,317 Structured deposit 10,236 - Trade receivables, net 17,192 13,232 Other receivables and prepaid 3,195 3,586 expenses Inventories 5,428 6,185 177,925 113,631 Long-term investments Long-term marketable securities 2,735 57,949 Severance pay funds 3,940 4,978 6,675 62,927 Property and equipment, net 12,217 12,722 Other assets Intangible assets, net, long-term deferred taxes and other long-term assets 5,776 5,343 Goodwill 13,474 13,474 19,250 18,817 Total assets 216,067 208,097 Current liabilities Trade payables 7,537 5,365 Deferred revenues, other payables and accrued expenses 26,438 30,629 33,975 35,994 Accrued severance pay 5,379 6,541 Total liabilities 39,354 42,535 Shareholders' equity Share capital 482 488 Additional paid-in capital 176,004 181,501 Accumulated other comprehensive income (loss) 150 (1,102) Treasury stock, at cost (11,049) (11,049) Retained earnings (accumulated 11,126 (4,276) deficit) Total shareholders' equity 176,713 165,562 Total liabilities and 216,067 208,097 shareholders' equity Condensed Consolidated Statements of Operations (U.S. Dollars in thousands, except share and per share data) For the For the For the Six For the Six Three Three months months months months ended June ended June ended June ended June 30, 2007 30, 2008 30, 2007 30, 2008 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues 21,463 24,021 41,183 46,186 Cost of revenues 4,322 4,942 9,410 9,538 Gross profit 17,141 19,079 31,773 36,648 Operating expenses: Research and development, 5,978 7,261 11,185 14,559 net Sales and marketing 14,896 16,927 27,922 34,187 General and administrative 1,825 2,578 3,580 4,995 Total operating expenses 22,699 26,766 42,687 53,741 Operating loss (5,558) (7,687) (10,914) (17,093) Financial income, net 1,637 921 3,399 2,224 Loss before income taxes (3,921) (6,766) (7,515) (14,869) Income taxes (92) (306) (69) (533) Net loss (4,013) (7,072) (7,584) (15,402) Basic net loss per share $ (0.21) $ (0.36) $ (0.39) $ (0.78) Weighted average number of shares used to compute basic and diluted net loss per share 19,460,835 19,798,753 19,442,657 19,750,006 Reconciliation of Supplemental Financial Information (U.S. Dollars in thousands, except share and per share data) For the For the For the For the Three Three Six months Six months months months ended June ended June ended June ended June 30, 2007 30, 2008 30, 2007 30, 2008 GAAP Net loss (4,013) (7,072) (7,584) (15,402) Stock-based compensation expenses, included in: Cost of revenues 22 24 40 53 Research and development, 347 387 564 796 net Sales and marketing 559 600 877 1,238 General and administrative 403 836 784 1,504 1,331 1,847 2,265 3,591 Amortization of intangible assets and acquisition related expenses, included in: Cost of revenues 150 187 223 375 Research and development, 79 - 158 - net Sales and marketing 43 39 82 78 Income taxes 30 41 54 82 302 267 517 535 One-time inventory - - 1,200 - write-off Non-GAAP Net loss (2,380) (4,958) (3,602) (11,276) Non-GAAP Diluted net loss $ (0.12) $ (0.25) $ (0.19) $ (0.57) per share Weighted average number of shares used to compute Non-GAAP diluted net loss per share 19,460,835 19,798,753 19,442,657 19,750,006

Radware Ltd

CONTACT: CONTACTS: Meir Moshe, Chief Financial Officer Radware Ltd.,
+972-3766-8610

F3 Technologies, Inc. Announces Strategic Partnership with Noble Heroes for its Interaction(TM) Community System- Key Collaboration with Local Law Enforcement -

ALPHARETTA, Ga., July 23 /PRNewswire-FirstCall/ -- F3 Technologies, Inc. (Pink Sheets: AUMN), an Atlanta-based SaaS (Software-as-a-Service) development company and application service provider, is pleased to announce a strategic partnership with Noble Heroes, Inc. (http://www.nobleheroes.com/), an Atlanta- based firm with strong ties to local law enforcement.

F3 Technologies (http://www.f3technologies.com/) has reached an agreement with Noble Heroes allowing it to resell F3's Interaction(TM) Community System, which F3 has updated with additional neighborhood watch features. This effectively allows collaboration between local law enforcement, fire fighters, EMT's, communications dispatchers, probation and parole with homeowners in Interaction(TM) communities. Through this strategic partnership and integration with Noble Heroes, Interaction(TM) establishes itself as an industry leader in the home owner association and HOA management company software industry.

"Our strategic partnership with Noble Heroes gives our clients an added security measure that is needed in today's society. Through Interaction(TM), police officers within the Noble Heroes community will be able to send out emergency bulletins and announcements regarding missing and wanted persons. Public safety officers throughout the area and HOA members can also converse on topics of safety and security in customized bulletin boards within the system. Adding the Noble Heroes Neighborhood Watch functionality to Interaction(TM) differentiates us from other systems in the industry and is a market first in delivering first-class safety announcements to our members," said Frank Connor, Chief Executive Officer of F3 Technologies.

"We are very excited about our partnership with F3 Technologies because it allows us to fully develop the technology portion of our neighborhood watch program and finally bridge the gap between public safety and the communities they serve," said Jason Muenzer, Chief Executive Officer of Noble Heroes, Inc.

"Not only does this new functionality give us an unrivaled competitive advantage, it essentially adds seven direct sales people actively engaged in marketing the Interaction(TM) Community System," stated Rainey Shane, President of F3 Technologies. "The partnership leverages the full backing of both Noble Heroes, Inc. and Noble Heroes Foundation (the not for profit arm of Noble Heroes) since this is the primary product used to generate revenue for both Noble Heroes companies."

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

F3 Technologies, Inc.

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

Web site: http://www.f3technologies.com/
http://www.nobleheroes.com/
http://www.fargotube.com/
http://www.ascendgbs.com/
http://www.interactioncs.com/

VanceInfo Signs Contract With Leading Handset Manufacturer

BEIJING, July 23 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc. , an IT service provider and one of the leading offshore software development companies in China, today announced that it has signed a two-year contract to provide a full range of quality assurance services to a leading global mobile handset producer.

Mr. Chris Chen, Chief Executive Officer of VanceInfo, stated, "This new assignment further enhances our presence in the mobile technology industry. It demonstrates our ability to execute our growth strategies, one of which is to develop new business opportunities in the fast growing wireless sector. We have four years of experience building and operating offshore R&D and testing centers for multinational clients, including another leading global handset manufacturer. With our well established capabilities and proven track record in this service area, we are proud to have been selected by this new mobile device client, who is one of the top globally recognized handset makers."

Chris further added, "We will allocate the best available resources in order to provide our new client with the same high quality services and help our client enhance its R&D efficiency. The contract will require us to quickly ramp up a fairly sized team, and we hope to further expand it in the coming years. We look forward to building a long-term relationship with this new partner."

About VanceInfo

VanceInfo Technologies Inc. is an IT service provider and one of the leading offshore software development companies in China. VanceInfo was the first China software development outsourcer listed on the New York Stock Exchange.

The Company ranked number one among Chinese offshore software development service providers for the North American and European markets as measured by 2007 revenues, according to International Data Corporation, or IDC, a leading independent market research firm.

VanceInfo's comprehensive range of IT services includes research & development services, enterprise solutions, application development & maintenance, quality assurance & testing, and globalization & localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan, and China, targeting high growth industries such as technology, telecommunications, financial services, manufacturing, retail and distribution.

Safe Harbor

This press release includes statements that may constitute forward-looking statements made pursuant to 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, should, expects, anticipates, future, intends, plans, believes, estimates, and similar statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Further information regarding these and other risks is included in VanceInfo's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. All information provided in this press release and in the attachments is as of July 23, 2008, and VanceInfo does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For further information, please contact: Melissa Ning Director, Investor Relations VanceInfo Technologies Inc. Tel: +86-10-8282-5330 Email: ir@vanceinfo.com

VanceInfo Technologies Inc.

CONTACT: Melissa Ning, Director, Investor Relations, VanceInfo
Technologies Inc., +86-10-8282-5330, or ir@vanceinfo.com

Premiership Football Clubs Draw Online Interest From Around the World, According to comScore

LONDON, July 23 /PRNewswire/ --

- Manutd.com Ranks as Most Popular Premiership Club Site

- Premierleague.com Derives 55 Percent of its Online Audience from Outside the U.K.

comScore, Inc. (Nasdaq: SCOR), a leader in measuring the digital world, today released the results of a study on visitation to the official Web sites of Premiership football clubs, based on data from the comScore World Metrix audience measurement service. The study revealed that the majority of traffic to the Web sites of the "Big Four" Premiership clubs -- Manchester, Liverpool, Arsenal, and Chelsea -- now originates from outside of the U.K.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)

Premiership Champions Manchester United Also Reign Online in U.K.

Premierleague.com, the official site of the FA Barclays Premier League, attracted an average of 1.2 million U.K. visitors per month during the 2007/08 season (August 2007 - May 2008). The website of Premiership Champions Manchester United, Manutd.com, ranked as the most popular club site with an average of 912,000 visitors per month. Liverpoolfc.tv ranked second with 887,000 visitors, followed by Arsenal.com (718,000 visitors), and Chelseafc.com (402,000 visitors).

Top 10 Premiership Club Sites* Ranked by Average Monthly U.K. Unique Visitors (000) During Premiership Season** Age 15+, Home & Work Locations Aug 2007 - May 2008 Source: comScore World Metrix Average Monthly Total U.K. Unique Premiership Club Site Visitors (000) Premierleague.com 1,182 Manutd.com 912 Liverpoolfc.tv 887 Arsenal.com 718 Chelseafc.com 402 Tottenhamhotspur.com 319 MCFC.co.uk (Manchester City) 204 WHUFC.com (West Ham) 203 Evertonfc.com 194 Portsmouthfc.co.uk 93 Fulhamfc.co.uk 74 * Excludes traffic to club pages served under the PremiumTV network. **Excludes searches from public computers such as Internet cafes or access from mobile phones or PDAs.

Asia-Pacific Region Provides Fruitful Fan base for "Big Four" Clubs

Premierleague.com attracted 55 percent of its total audience from outside the U.K., demonstrating the broad global interest in the league. With the exception of Liverpoolfc.tv, all of the "Big Four" club sites drew the majority of their visitors from outside the U.K., with Manutd.com generating the largest share of its audience from abroad (64 percent).

Share of Visitors to Big 4 Premiership Club Sites Ranked by U.K. Share of Total Unique Visitors (000)* Age 15+, Home & Work Locations Aug 2007 - May 2008 Source: comScore World Metrix Middle Premiership Club Rest of North Latin East & Asia Site Worldwide U.K. Europe America America Africa Pacific Premierleague.com 100% 45% 13% 6% 2% 6% 28% Liverpoolfc.tv 100% 52% 13% 6% 2% 6% 21% Arsenal.com 100% 43% 16% 3% 2% 12% 24% Chelseafc.com 100% 39% 19% 5% 4% 11% 22% Manutd.com 100% 36% 16% 6% 3% 9% 30% *Excludes searches from public computers such as Internet cafes or access from mobile phones or PDAs.

In the case of the "Big Four" sites, as well as Premierleague.com, the Asia-Pacific region accounted for the largest share of total traffic outside Europe. The region's share of visitors ranged from 21 percent for Liverpoolfc.tv to 30 percent for Manutd.com, in each case representing a greater share than any other region outside of Europe.

"These data suggest that there is a substantial market for Premiership football beyond the confines of the U.K.," said comScore analyst Jamie Gavin. "It therefore makes sense that the Football Association would be considering staging an additional ten games per season overseas to help raise the profile of the other clubs. Generating additional exposure of these teams across other continents will help establish the Premiership as a sports league with a truly global fan base."

About comScore

comScore, Inc. (NASDAQ: SCOR) is a global leader in measuring the digital world. For more information, please visit http://www.comscore.com/boilerplate

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

comScore, Inc.

Jamie Gavin of comScore, Inc., +44-(0)-207-099-1775, worldpress@comscore.com. Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

Longtop's Annual Report on Form 20-F is Available on the Company's Website

XIAMEN, China, July 23 /Xinhua-PRNewswire/ -- Longtop Financial Technologies Limited (''Longtop'') , a leading software developer and solutions provider targeting the financial services industry in China, today announced that subsequent to the filing of the Company's Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, the annual report for the fiscal year ended March 31, 2008, is available on the Investor Relations section of the Company's website at http://www.longtop.com/en .

Longtop will provide a hard copy or email copy of the annual report on Form 20-F for the year ended March 31, 2008, which contains its audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed by email to ir@longtop.com or in writing to: Legal Department, Longtop Financial Technologies Limited, 15/F Block A, Changing Building, Software Park, Xiamen, People's Republic of China.

About Longtop Financial Technologies Limited

Longtop is a leading software development and solutions provider targeting the financial services industry in China. Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China. Longtop has five solution delivery centers, three research centers and thirty nine service centers located in 20 provinces throughout China. Longtop was founded in 1996 by Xiaogong Jia, Chairman and Weizhou Lian, CEO, as a system integration company focusing on the financial services industry in China and made the transition to a software and solutions provider in 2001. For more information, please visit: http://www.longtop.com/ .

For more information, please contact: Longtop Financial Technologies Limited Charles Zhang Phone: +86-10-8421-7758 Email: ir@longtop.com IR Inside BV Caroline Straathof Phone: +31-6-5462-4301 Email: info@irinside.com

Longtop Financial Technologies Limited

CONTACT: Longtop Financial Technologies Limited - Charles Zhang,
+86-10-8421-7758, or ir@longtop.com; IR Inside BV - Caroline Straathof, +31-6-
5462-4301, or info@irinside.com

Web Site: http://www.longtop.com/
http://www.longtop.com/en

SAP Named Preferred Employer in India, China, Mexico and EuropeCompany Repeatedly Recognized as Preferred Employer in Global Markets

WALLDORF, Germany, July 23 /PRNewswire-FirstCall/ -- SAP AG today announced it has received multiple recognitions as a preferred employer in India, China, Mexico and Europe. These acknowledgements of SAP as a compelling career destination follow recognition in Germany and Japan earlier this year and continue a string of recognitions heralding SAP as a top employer in global markets over the past year.

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In India, SAP received recognition once again as one of the "Best Workplaces" by the Great Place to Work(R) Institute. According to the "Best Workplaces in India" Study, 2008, SAP Labs India is one of the top 50 best workplaces in the country across various industry sectors and is among the top five employers in the information technology (IT) software category. In China, SAP was recently honored as an IT Industry Employer of Choice at the "Top Chinese IT Employers of 2007" award ceremony, sponsored by the leading IT publication, China Information World, and the industry consulting company, CCID Consulting. This was the first award of its kind for the Chinese IT industry. In the Americas, SAP Mexico earned a distinct ranking as a "Super Enterprise" in "The Companies Everybody Wants to Work For" ranking by TOP Companies. SAP Mexico was ranked as number 22 overall and number four within the IT & Services Segment.

SAP also ranked 16th in a European survey and, as a result, was named as one of the "50 Best Large Workplaces in Europe to Work for," according to the Great Place to Work(R) Institute. This came on the heels of SAP's recognition as "Germany's Best Employer" in the category of "Companies With More Than 5,000 Employees" for the fourth consecutive year in 2008 (see February 13, 2008 press release titled, "SAP Named 'Best Employer' in Key Global Markets"). Earlier this year, SAP Japan also ranked among the top 20 companies for the second time.

High survey rankings awarded by existing SAP employees in various locations demonstrate the continued importance the company places on its talent management and attraction. Personal responsibility for achieving superior customer orientation, innovation and quality awareness, as well as striving to deliver first-class products, were cited as the definitive characteristics that make SAP a great place to work.

"Today's world-class talent expects a world-class working environment," said Claus E. Heinrich, executive board member, SAP AG. "We have the highest appreciation for our team members across the globe, and we are honored to be recognized in turn as their preferred employer. The contributions from our diverse employee base continue to drive the innovation and entrepreneurial spirit that sets SAP apart as a company."

As a global leader in business and IT innovation, SAP invests in talent development by offering a variety of global employee enhancement programs. A "Skills on Demand" library provides employees with access to more than 13,000 e-learning courses, skill briefs, job aides, books, simulations and other learning materials that helps employees to expand their skill sets. In 2007, SAP launched the Career Success Center (CSC), a global resource that allows employees to plan, manage and develop their careers in-line with the needs of the business. The company also established SAP Inspire, an initiative that encourages employees to effectively turn creative ideas into winning business.

About SAP

SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more information, visit http://www.sap.com/)

(*) SAP defines business software as comprising enterprise resource planning and related applications.

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

Copyright (C) 2008 SAP AG. All rights reserved. SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727) For more information, press only: Iris Eidling, SAP AG, +49 (6227) 7-65797, iris.eidling@sap.com, CET SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com Katja Schroeder, Burson-Marsteller, +1 (212) 614-4981, katja.schroeder@bm.com, EDT

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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com SAP AG

CONTACT: Iris Eidling, +49 (6227) 7-65797, iris.eidling@sap.com, CET, or
SAP Press Office, +49 (6227) 7-46315, CET, +1-610-661-3200, EDT,
press@sap.com, all of SAP AG; or Katja Schroeder of Burson-Marsteller,
+1-212-614-4981, katja.schroeder@bm.com, EDT, for SAP AG

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

Redline Receives FCC Certification for Additional 3.65 GHz WiMAX Products

TORONTO, July 23 /PRNewswire/ --

- Service Providers in the U.S. Now Have Access to Redline's Full Suite of Advanced RedMAX Products

Redline Communications Group Inc. ("Redline") (TSX and AIM: RDL), a leading provider of WiMAX and broadband wireless infrastructure products, today announced that it has received Federal Communications Commission (FCC) approval for its RedMAX(TM) AN100-UX Base Station and RedMAX(TM) SU-I Indoor Subscriber Unit in the United States. This approval completes the certification of Redline's full suite of WiMAX Forum Certified(R) 3.65 GHz RedMAX offerings.

Redline was first to receive FCC approval for WiMAX products in the 3.65 GHz band. Its RedMAX AN-100U Base Station and RedMAX SU-O Outdoor Subscriber Unit were certified for deployment in the United States in November 2007. The certification of the RedMAX AN-100UX Macro Base Station will give service providers a greater selection of WiMAX products to meet their specific business requirements. The RedMAX SU-I, which operates with both the AN-100 and AN-100UX, supports true user self-installs, enabling rapid and cost-effective residential and small business deployments.

"With more than 160 carriers deploying Redline's RedMAX products worldwide, Redline is a global leader in delivering WiMAX solutions that offer service providers a positive business model from a cost, capacity and ease of deployment perspective," said Kevin Suitor, Vice President of Marketing and Business Development, Redline Communications. "By choosing RedMAX, operators can realize a rapid return on their investment and benefit from the highest capacity base stations in the industry, with the ability to support more than 500 users per base station radio."

Redline's 3.65 GHz RedMAX products have been widely deployed by service providers in eighteen states. Among the first RedMAX deployments in the United States are Rapid Link, a Diversified Communication Services Company of Atlanta, Georgia, WWX Systems and LLC of Denver, Colorado.

"We are seeing such demand for WiMAX-based services that any ability to shorten the install interval is important to us. The new indoor modem allows us to install customers faster without compromising quality," said Matt Liotta, Chief Technology Officer, Rapid Link.

Redline's RedMAX(TM) Family

Redline's RedMAX(TM) family of WiMAX solutions includes the world's first complete system to receive the WiMAX Forum Certified(TM) mark for conformance to the WiMAX standards for performance and interoperability. Redline's carrier-class RedMAX(TM) Base Station (AN-100U) supports voice, video, and prioritized data traffic, enabling long-range, high-capacity wireless broadband networks. Redline's WiMAX products also include the RedMAX(TM) Indoor Subscriber Unit (SU-I) and Outdoor Subscriber Unit (SU-O) designed for enterprise and residential services. The RedMAX(TM) Management Suite enables operators to monitor and control the network, ensuring high service availability. Redline is maintaining its WiMAX leadership with the expansion of its RedMAX(TM) family to include products for additional frequency bands, applications and standards.

RedMAX 4C(TM) Mobile WiMAX

The RedMAX 4C(TM), which is based on the WiMAX industry's 802.16e-2005 standards for mobile WiMAX, supports a wide range of fixed, portable and mobile wireless services including Voice and Video over IP, broadband Internet access used to support highly valued education, medical, transportation and municipal applications, VPNs (Virtual Private Networks) and other advanced communications services. The RedMAX 4C(TM) Mobile WiMAX platform is designed to enable operators to maximize the reach and customer density required for a profitable carrier business model. The RedMAX 4C(TM) includes a modular, standardized (micro)TCA (micro Telecommunications Computing Architecture) chassis base station that is small, lightweight and easy to deploy. RedMAX 4C(TM) will also include a suite of indoor and outdoor fixed and portable end-user devices including laptops, mobile handsets and PDAs. Redline's new WiMAX offering is also designed to facilitate the integration of its existing RedMAX(TM) products with its RedMAX 4C(TM) technologies, providing operators a path to true mobility.

About Redline Communications

Redline Communications (http://www.redlinecommunications.com) is the leading provider of fixed and mobile standards-based wireless broadband solutions.Redline's RedMAX(TM) WiMAX Forum Certified(TM) system, RedMAX 4C Mobile WiMAX(TM) products, and its award-winning RedCONNEX(TM) and RedACCESS(TM) families of broadband wireless infrastructure products enable service providers and other network operators to cost-effectively deliver high-bandwidth services, including voice, video and data communications. Redline is committed to maintaining its wireless industry leadership with the continued development of WiMAX and other advanced wireless broadband products. With more than 100,000 installations in 85 countries, and a global network of over 170 partners, Redline's experience and expertise helps service providers, enterprises and government organizations roll out wireless broadband networks to support advanced communications.

About Rapid Link

Rapid Link Incorporated is a Diversified Communication Services company, supplying bundled internet and voice services to Business and Residential customers. Rapid Link offers broadband access via its own facilities to ensure fast and reliable delivery of its content. As a leading licensed WiMAX carrier, Rapid Link is on the cutting edge of this exciting new technology. It is one of the only carriers that can offer an end-to-end solution for its customers without a dependency on any other company's resources.

NOTE: All registered and unregistered trademarks mentioned in this release are the property of their respective owners.

Certain statements in this release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws and are made pursuant to the "safe harbour" provisions of such laws. Statements related to potential benefits of, and demand for, Redline's products including statements with respect to the features and benefits that may be achieved through the use of Redline's products and the relative position of these products vis-à-vis competitive offerings in the industry are forward-looking statements which are subject to certain assumptions, risks and uncertainties. These risks and uncertainties include such factors as rapid technological changes, long uncertain sales cycles, demand for our products, the introduction of competing technologies, meeting industry standards, regulatory risk, dependent on key partners and resellers and other similar factors that may cause the actual results, performance or achievements of Redline to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Redline assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For further information: Redline Communications, Carolyn Anderson, Chantelle Bani, canderson@redlinecommunications.com, cbani@redlinecommunications.com, Tel: +1-905-479-8344; Equicom Group, Craig Armitage, Vanessa Beresford, carmitage@equicomgroup.com, vberesford@equicomgroup.com, Tel: +1-416-815-0700; Canaccord Adams, Neil Johnson, Andrew Chubb, Tel: +44(0)20-7050-6500

Redline Communications Group Inc.

For further information: Redline Communications, Carolyn Anderson, Chantelle Bani, canderson@redlinecommunications.com, cbani@redlinecommunications.com, Tel: +1-905-479-8344; Equicom Group, Craig Armitage, Vanessa Beresford, carmitage@equicomgroup.com, vberesford@equicomgroup.com, Tel: +1-416-815-0700; Canaccord Adams, Neil Johnson, Andrew Chubb, Tel: +44(0)20-7050-6500

Oberthur Technologies Q2 2008 SalesRevenue up Sharply, + 20.2%, at EUR217.2m, Boosted by Strong Growth in SIM Card and Identity Sales and Integration of XPonCard on May 1st 2008

PARIS, July 23 /PRNewswire-FirstCall/ -- Today, Oberthur Technologies reported second quarter 2008 sales of EUR217.2m, up 20.2% year-on-year at current rates. Organic growth reached 12.3% at constant rates versus Q2 2007.

in M EUR 2008 2007 Var. Constant Var. Current Rate Rate First Quarter 184.3 169.4 13.1% 8.8% Second Quarter OT 217.2 180.7 25.6% 20.2% OT (Excl. XPonCard) 193.4 180.7 12.3% 7.0% First Semester OT 401.5 350.1 19.6% 14.7% OT (Excl. XPonCard) 377.7 350.1 12.7% 7.9% Card:

During the second quarter, the Card Systems activity posted sharp growth in sales, up 30% to EUR186.7m, or 36% at constant rates. This performance was boosted by the integration of XponCard in Oberthur's scope of consolidation on May 1st, 2008.

At constant perimeter, sales rose 13% at current rates and 20% at constant rates, to EUR162.9m. This performance reflects a combination of sustained demand in the SIM and ID markets and in all regions of the world. Thanks to strong organic growth, deliveries represented 149 million microprocessor cards, a 66% increase in volumes compared to Q2 2007.

- Mobile Communications segment: Mobile sales came to EUR86m, a 45% increase at current rate.

Excluding XPonCard, Oberthur's mobile sales were up 28% to EUR76m. In the SIM card sub-segment, volumes rose 76% on Q2 2007 and sales reached, EUR70m.

Price pressure remains moderate, enabling Card Systems to deliver good gross margin level. Trends in ASP primarily reflect the geographic mix: delivery volumes in Asia accounted for 42% of SIM cards sold versus 28% in Q2 2007.

All regions put in good performances:

- Europe Middle East Africa (EMEA) particularly benefited from a buoyant activity in the emerging regions.

- Growth in the Americas was contrasted. Sales continued to rise sharply in South America while the dollar exchange rate strongly penalized revenue in the USA.

- In Asia, volumes again rose appreciably (+ 170%) compared to Q2 2007. A significant trend is undoubtedly the stability of ASP compared to last year, excluding the impact of exchange rates.

The scratch card activity was stable compared to Q2 2007. - Payment segment[1]:

With sales of EUR83.2m, payment business grew 15% at current rates. With the acquisition of XPonCard, Oberthur has become the leading player in the Scandinavian market.

Excluding XPonCard, the whole payment segment posted revenue of EUR70.9m, despite negative impact of UK pound and US dollar exchange rate. Volumes rose 33%, with 34 million microprocessor payment cards sold during the quarter.

Market conditions are stable in well-established EMV markets. EMV rollout is proceeding progressively in Spain, Brazil and South Africa. In the USA, the magnetic stripe card market is depressed by economic conditions in the banking sector and price pressure. Conversely, growth is confirmed (+50%) in contactless cards.

The personalization services segment posted growth of 7.4% with sustained demand in all regions of the world. Oberthur is strengthening its involvement in global projects with the major banks, where it can capitalize on its network of service bureaus.

- Identity & Security[2] segment:

This segment rebounded in the second quarter with strong organic growth of 30% and sales of EUR16.1m. This good performance can be ascribed to pay TV as well as Identity.

Fiduciary and Cash Protection:

In the fiduciary segment, industrial activity is still sustained and the order book remains at an excellent level for the whole year 2008. Nevertheless, sales reached EUR25.8m in Q2 2008, due to the timing of deliveries. Annual targets remain unchanged.

In the Cash Protection segment, Q2 2008 was negatively impacted by postponement of anticipated renewals in France and Export rollouts. Q2 sales came to EUR4.1m.

Overall, Fiduciary and Cash Protection sales came to EUR29.9m, down 19% year-on-year.

Economic results

As expected, the company maintained a good level of gross margin in Q2 2008. Combined with growth in sales, this should lead to an improvement of operating income compared to H1 2007.

Outlook

On July 1st, the company announced creation of an Identity Division centralizing all its activities in this field (Card + Fiduciary). The Identity Division would have posted sales of about EUR15M in Q2 2008, a 30% growth. Recent successes (e-passports in Taiwan & in the Philippines) will positively impact 2008 sales.

Card Systems anticipates unchanged good market conditions in Q3 2008 despite still very limited visibility for telecom. Integration of XPonCard is proceeding according to plan.

Fiduciary should maintain a good level of activity. In the Cash Protection segment, renewals in the French market should remain slow. Deployments of new products abroad should progressively continue.

A PowerPoint presentation will be available on the company web site on Wednesday, July 23rd around 7 am.

About Oberthur Technologies

With sales of EUR733.4 million in 2007, Oberthur Technologies is one of the world leaders in the field of secure technologies. Innovation and high quality services ensure Oberthur's strong positioning in its main target markets:

- Card Systems: one of the world's leading providers of security and identification based on smart card technology for the mobile, payment, identity, pay TV and transit markets, and associated services such as personalization.

- Fiduciary: The world's third largest private security printer, specializing in the production and management of high security products such as banknotes, passports and other identify documents, checks and secure documents in more than 50 countries.

- Oberthur Cash Protection: world leader in the emerging market of equipment for smart cash transportation and ATM protection.

Close to its customers, Oberthur Technologies benefits from an industrial and commercial presence across all five continents. Oberthur Technologies is listed on Eurolist - compartment B.

Web site: http://www.oberthur.com/ ADDITIONAL INFORMATION Exhibit Breakdown of sales by segment and geographical region Oberthur Technologies Consolidated - 2008 vs. 2007 by segment EURm Q2 2008 Q2 2007 % change 2008/2007 at current rates OCS - Mobile 86 59.2 +45.2% communications OCS - Payment 83.2 72.2 +15.3% OCS - Identity & 17.5 12.4 +41.2% Security Oberthur Fiduciary 25.8 30.9 -16.5% Oberthur Cash 4.1 6.2 -34.1% Protection Other 0.5 (0.6) Total 217.2 180.7 +20.2% Oberthur Technologies - by region EURm Q2 2008 Q2 2007 % change 2008/2007 at current rates EMEA 141.8 125.9 +12.7% Americas 51.0 44.1 +15.7% Asia 24.4 10.7 +127.1% Total 217.2 180.7 +20.2% Oberthur Technologies - Card Systems - by product EURm Q2 2008 Q2 2007 % change 2008/2007 % change 2008 / at constant rates 2007 at constant rates Microprocessor 134.2 98.9 +41.2% +35.7% cards Payment 39.7 34.8 +19.6% +13.8% Mobile communications 78.5 53.8 +50.9% +45.9% Identity & 16.1 10.2 +64.1% 57.8% Security Other cards 18.0 18.8 +3.0% -4.0% Services & 34.5 26.5 +37.7% +29.9% Solutions Total 186.7 144.2 +35.6% +29.5% --------------------------------- [1] Payment, loyalty & transit [2] Governmental & corporate ID, Healthcare, Pay-TV... Oberthur Technologies Image 7 Jean-Michel Guichot - CFO Caroline Simon-Phelip Tel.: +33-1-47-64-64-08 Tel.: +33-1-53-70-74-65 jm.guichot@oberthur.com E-mail: caroline.simon@image7.fr Tiphaine Hecketsweiler Tel.: +33-1-53-70-74-59 E-mail: thecketsweiler@image7.fr

Oberthur Technologies

CONTACT: Oberthur Technologies, Jean-Michel Guichot - CFO, Tel.:
+33-1-47-64-64-08, jm.guichot@oberthur.com; Image 7, Caroline Simon-Phelip,
Tel.: +33-1-53-70-74-65, E-mail: caroline.simon@image7.fr; Tiphaine
Hecketsweiler, Tel.: +33-1-53-70-74-59, E-mail: thecketsweiler@image7.fr

McAfee Research Reveals Many SMBs in Denial About SecurityMcAfee's 'Does Size Matter?' Research Highlights Impact of Cyber Attacks

SANTA CLARA, Calif., July 23 /PRNewswire-FirstCall/ -- McAfee, Inc. today announced the release of startling research that reveals the true cost of cyber attacks on small and medium sized businesses (SMBs). A key misconception revealed by the survey is that many SMBs feel they are too small to be targets for cybercriminals. The report can be downloaded at http://www.mcafee.com/doessizematter.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080723/AQW043-a) (Photo: http://www.newscom.com/cgi-bin/prnh/20080723/AQW043-b)

After sampling 500 IT decision-makers from companies with 1,000 - 2,000 employees, the report reveals that a third (32 percent) of small and medium businesses in the United States and Canada have been attacked more than four times by cybercriminals in the last three years. The research concludes that a quarter of those attacked (26 percent) took at least a week to recover, a devastating length of time to be offline for small businesses who conduct business and sales via the Web. Recovery time in Canada was even greater, with a third (36 percent) taking a week or more to fully restore their systems.

The report highlights the gap between the perceptions of SMBs towards security issues and the realities of cyber attacks.

Key statistics from the research include: -- Too small to matter: 44 percent think cybercrime is only an issue for larger organizations and believe it does not affect them -- Not all in a name: 52 percent of businesses believe that because they are not well-known so cybercriminals will not specifically target them -- Undervaluing can be costly: Almost half (45 percent) do not think they are a 'valuable target' for cybercriminals -- Monetary misconceptions: 46 percent do not think they can be a source of profit for cybercriminals

"For businesses of all sizes, viruses, hacker intrusions, spyware and spam can lead to lost or stolen data, computer downtime, decreased productivity, compliance issues, lost sales and even loss of reputation," said Darrell Rodenbaugh, senior vice president of the mid-market segment at McAfee. "Just because a business is small does not mean it is immune to security threats."

Sixty Minutes or Less

SMBs are allowing themselves to be vulnerable to IT attacks by failing to allocate an appropriate amount of time and resources to security. Almost half of SMBs (42 percent) dedicate just one hour a week to proactive IT security management, despite the fact that almost one in five (21 percent) acknowledged that an attack could put them out of business.

"Since many of the SMBs surveyed have just one hour per week to spend on IT security, our advice is to find a trusted partner that can help them assess their risk," said Rodenbaugh. "Choosing a managed solution and outsourcing security helps SMBs free up their time to focus on other priorities and feel confident that their IT security needs are being covered by an expert. It can also mean security technologies that are otherwise out of their price range will be available to them."

A False Sense of Security

SMBs may not be as safe from security attacks as they think. Eighty-eight percent of respondents believed they were 'adequately protected,' yet 43 percent of them admitted that they simply accept the default settings on their IT equipment, settings which are often not in line with their specific business needs.

The research, conducted by MSI, questioned 500 IT decision makers in organizations in the United States and Canada. Detailed breakdowns are available on request.

About McAfee, Inc.

McAfee, Inc., headquartered in Santa Clara, California, is the world's largest dedicated security technology company. It delivers proactive and proven solutions and services that secure systems and networks around the world, allowing users to browse and shop the Web securely. With its unmatched security expertise and commitment to innovation, McAfee empowers home users, businesses, the public sector and service providers by enabling them to comply with regulations, protect data, prevent disruptions, identify vulnerabilities and continuously monitor and improve their security. http://www.mcafee.com/.

McAfee is a registered trademark of McAfee, Inc., and/or its affiliates in the US and/or other countries. McAfee Red in connection with security is distinctive of McAfee brand products. Any other non-McAfee related products, registered and/or unregistered trademarks contained herein is only by reference and are the sole property of their respective owners. (C) 2008 McAfee, Inc. All rights reserved.

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PRN Photo Desk, photodesk@prnewswire.com McAfee, Inc.

CONTACT: Tracy Ross of McAfee, Inc., +1-408-346-5965,
tracy_ross@mcafee.com; or Stuart Yeardsley of Red Consultancy,
+1-415-618-8814, stuart.yeardsley@redconsultancy.com, for McAfee, Inc.

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

C&S Wholesale Grocers Selects DemandTec to Improve Vendor Collaboration on Trade DealsLeading supermarket distributor expects operational and financial gains

SAN CARLOS, Calif., July 23 /PRNewswire-FirstCall/ -- DemandTec, Inc. , a leading provider of on-demand optimization solutions for retailers and consumer products manufacturers, today announced that C&S Wholesale Grocers, the nation's second largest supermarket wholesaler, entered into an agreement to subscribe to DemandTec's Deal Management software service in order to help automate its vendor deal management process, enhance its relationships with suppliers, and improve service levels to the retailers it supplies.

C&S Wholesale Grocers previously used an internally developed application to collaborate with suppliers on trade deals, but the system required significant resources to operate and maintain and wasn't scalable to the extent the company needed. C&S will use DemandTec's Deal Management service to improve vender compliance on trade deals and reduce the administrative cost of processing supplier deal sheets.

Deal Management is one of the software services within the DemandTec End-to-End Promotion Management(TM) solution that enables retailers and wholesalers to manage the complex process of planning, optimizing, and executing promotions, including internal collaboration between departments and external collaboration with vendors.

"DemandTec was selected because of the company's expertise and experience in helping retailers and distributors manage promotional relationships and because many of our suppliers are already using the Deal Management service on the DemandTec TradePoint Network(TM). We expect to see both operational and financial benefits from this implementation," said Tracy Moore, senior vice president of merchandising, supply chain and trade relations for C&S Wholesale Grocers.

"We anticipate that C&S Wholesale Grocers will see improved collaboration with their trading partners on promotions and the ability to better serve their retail customers. DemandTec is pleased that such an important wholesaler selected our solution and we are committed to meeting their current and future needs," said Dan Fishback, president and chief executive officer DemandTec.

The DemandTec TradePoint Network is the industry's only secure, Internet-based network of software services for retailers and their suppliers to transact, interact and collaborate on promotions and other merchandising and marketing activities.

About C&S Wholesale Grocers

C&S Wholesale Grocers, Inc. is a privately owned company with annual sales of $19 billion. The company is the 10th largest privately held company in the nation, as ranked by Forbes magazine. Founded in 1918, C&S provides distribution services to grocery chains and independent stores, delivering to more than 5,000 locations from its distribution centers in Vermont, Massachusetts, Connecticut, New York, New Jersey, Maryland, Pennsylvania, South Carolina, Alabama, California and Hawaii.

About DemandTec

DemandTec enables retailers and consumer products companies to optimize merchandising and marketing decisions, individually or collaboratively, to achieve their sales volume, revenue, and profitability objectives. DemandTec software services utilize DemandTec's science-based software platform to model and understand consumer behavior. DemandTec customers include more than 140 leading retail and consumer products manufacturers such as Advance Auto Parts, Best Buy, Circle K Stores, ConAgra Foods, Delhaize America, Dr Pepper Snapple Group, General Mills, Giant-Carlisle, H-E-B Grocery Co., General Mills, Hormel Foods, Monoprix, Safeway, Sara Lee and Tyson Foods. Connected via the DemandTec TradePoint Network(TM), DemandTec customers have collaborated online on more than one million trade deals. For more information, please visit http://www.demandtec.com/.

DemandTec Safe Harbor

This press release contains forward-looking statements regarding DemandTec's expectations, hopes, plans, intentions or strategies, including statements about the effectiveness of its products and solutions. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties include those described in DemandTec's documents filed with or furnished to the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to DemandTec as of the date hereof, and DemandTec assumes no obligation to update these forward-looking statements.

DemandTec and the DemandTec logo are registered trademarks of DemandTec, Inc. DemandTec End-to-End Promotion Management and DemandTec TradePoint Network are trademarks of DemandTec, Inc. All other trademarks are the property of their respective owners.

DemandTec, Inc.

CONTACT: Media, Cassandra Moren of DemandTec, Inc., +1-650-226-4690,
cassandra.moren@demandtec.com; or Investors, Michael Kern of ICR,
+1-617-956-6731, michael.kern@icrinc.com for DemandTec, Inc.

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

Oberthur Technologies Chiffre d'affaires du deuxième trimestre 2008

PARIS, July 23 /PRNewswire/ --

- Chiffre d'affaires à 217,2 MEUR, en croissance de 20,2%, bénéficiant d'une forte augmentation des ventes de Cartes SIM, de l'identité et de l'intégration de XPonCard au 1er mai 2008

Oberthur Technologies a publié un chiffre d'affaires pour le second trimestre 2008 de EUR217,2M, en croissance de +20,2% à taux courants et de +12,3% en croissance organique à taux constants par rapport à l'année précédente.

en M EUR 2008 2007 Var. Taux constants Var. Taux courants Premier Trimestre 184.3 169.4 13.1% 8.8% Deuxième Trimestre OT 217.2 180.7 25.6% 20.2% OT (hors XPonCard) 193.4 180.7 12.3% 7.0% Premier Semestre OT 401.5 350.1 19.6% 14.7% OT (hors XPonCard) 377.7 350.1 12.7% 7.9%

Cartes :

Au cours du second trimestre, l'activité Card Systems a enregistré une forte augmentation de son chiffre d'affaires : +30% à 186,7MEUR. A taux constants, la croissance a été de 36%. Celle-ci profite bien évidemment de l'intégration de XPonCard dans le périmètre d'Oberthur au 1er mai 2008.

A périmètre constant, le chiffre d'affaires a été de 162,9MEUR, soit +13% à taux courants et +20% à taux constants. Cette performance est due principalement à la téléphonie mobile et à l'identité. La croissance a été forte dans toutes les régions du monde. 149 millions de cartes à microprocesseur ont été livrées, 66% de plus qu'au deuxième trimestre 2007.

- Téléphonie mobile

Avec un chiffre d'affaires de 86,0MEUR, l'activité mobile progresse de 45% à taux courants.

Hors XPonCard, sur ce segment, Oberthur enregistre une croissance de 28% du chiffre d'affaires, à 76MEUR. Avec 70MEUR, le volume des cartes SIM croît de +76% par rapport au deuxième trimestre 2007.

La pression sur les prix reste raisonnable, permettant à Card Systems de dégager un bon niveau de marge brute. L'évolution des prix moyens est largement expliquée par le mix géographique : les volumes livrés en Asie ont représenté 42% des SIM vendues contre 28% au deuxième trimestre 2007.

Toutes les régions ont enregistré de bonnes performances :

- La région EMEA a crû particulièrement dans les pays émergents.

- La croissance sur le continent américain est contrastée. L'Amérique du Sud a continué sa progression alors que le cours du dollar a pesé sur les ventes aux Etats-Unis.

- En Asie, les volumes ont augmenté de 170% par rapport au deuxième trimestre 2007. A souligner, la stabilité des prix moyens de vente par rapport à l'année passée, hors effet de change.

L'activité des cartes grattables a été stable par rapport au deuxième trimestre 2007.

- Paiement(1)

Avec 83,2MEUR de chiffre d'affaires, l'activité bancaire est en croissance de +15% à taux courants. Suite à l'acquisition de XPonCard, Oberthur est devenu le leader sur le marché Scandinave.

Hors XPonCard, les ventes totales en paiement ont atteint 70,9MEUR, malgré l'impact négatif des taux de change (livre sterling et dollar) 34M de cartes à microprocesseur ont été vendues sur le trimestre, soit 33% de plus qu'au deuxième trimestre 2007.

Sur les marchés EMV établis, les conditions de marché sont stables. Les déploiements EMV progressent en Espagne, Brésil, Afrique du Sud notamment. Aux Etats-Unis, le marché des cartes magnétiques souffre des conditions économiques dans le secteur bancaire, et de pressions sur les prix. En revanche, la croissance des volumes de cartes sans-contact (+50%) se confirme.

Les services de personnalisation sont en croissance de 7,4% avec une activité soutenue dans toutes les régions du monde. Oberthur participe à des projets globaux de grandes banques, où s'appuyant sur son réseau de centres de personnalisation.

- Identité & Sécurité(2) :

Au deuxième trimestre, ce segment a renoué avec une croissance forte de 30% : le chiffre d'affaires s'établit à 16,1MEUR. Cette bonne performance est due tant à l'identité qu'à la télévision à péage.

Fiduciaire et Cash Protection :

Sur le segment fiduciaire, l'activité industrielle reste élevée, le carnet de commandes se maintient à un excellent niveau pour toute l'année 2008. Cependant, le chiffre d'affaires du trimestre s'établit à 25,8MEUR en raison de cadencement des expéditions. Les objectifs de croissance annuelle demeurent inchangés.

Sur le segment Cash Protection, le deuxième trimestre 2008 souffre toujours du retard dans les renouvellements attendus en France ainsi que dans les déploiements Export. Le chiffre d'affaires sur le trimestre s'est établi à 4,1MEUR.

Au total, les ventes sur le Fiduciaire et Cash Protection atteignent 29,9MEUR, soit une baisse de 19% par rapport à l'année 2007.

Résultats financiers

Comme attendu, la société a maintenu un bon niveau de marge brute au deuxième trimestre 2008. Ceci, combiné à la croissance des ventes, devrait permettre une amélioration du résultat de l'activité courante, par rapport au premier semestre 2007.

Perspectives

La société a annoncé au 1er juillet la création d'une Division Identité, réunissant toutes les activités du Groupe dans ce domaine (Carte + Fiduciaire). La Division Identité aurait eu au deuxième trimestre un chiffre d'affaires de l'ordre de 15MEUR, en croissance de 30%. Les succès récents (passeports électroniques de Taïwan et des Philippines) contribueront au chiffre d'affaires dès cette année.

Au troisième trimestre 2008, Card Systems prévoit le maintien de bonnes conditions de marché, même si la visibilité reste limitée dans les télécom. L'intégration d'XPonCard se déroule conformément au plan.

Le Fiduciaire devrait maintenir un bon niveau d'activité. Dans le segment Cash Protection, le renouvellement sur le marché français reste faible. L'introduction de nouveaux produits à l'export devrait continuer à se faire progressivement.

Une présentation sera téléchargeable sur le site internet de la société mercredi 23 juillet vers 7h00.

A propos d'Oberthur Technologies

Avec un chiffre d'affaires de 733,4 millions d'euros en 2007, Oberthur Technologies est l'un des leaders mondiaux des technologies de sécurité. Son innovation et la haute qualité de ses services lui ont permis de bâtir des positions fortes sur ses principaux marchés :

- Card Systems : un des tout premiers fournisseurs mondiaux de sécurité et d'identification par cartes à puce, pour le mobile, le paiement, l'identité, la télévision à péage, le transport, avec les services associés tels que la personnalisation.

- Fiduciaire : 3ème imprimeur fiduciaire mondial privé et spécialiste de la haute sécurité dans la fabrication et la gestion de billets de banques, passeports et autres documents d'identité, chèques et documents de valeur vendus dans plus de cinquante pays.

- Oberthur Cash Protection : leader mondial sur le marché naissant des équipements pour le transport de fonds intelligent et la protection des distributeurs automatiques de billets.

Proche de ses clients, Oberthur Technologies a une présence industrielle et commerciale sur les cinq continents. Oberthur Technologies est coté sur Eurolist -compartiment B.

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

INFORMATIONS COMPLEMENTAIRES Annexes Chiffre d'affaires par activité et par région Oberthur Technologies Consolidé - 2008 vs 2007 par activité MEUR T2 2008 T2 2007 % variation 2008 / 2007 à tx courant OCS - Téléphonie 86 59,2 +45,2% Mobile OCS - Paiement 83,2 72,2 +15,3% OCS - Identité & 17,5 12,4 +41,2% Sécurité Oberthur 25,8 30,9 -16,5% Fiduciaire Oberthur Cash 4,1 6,2 -34,1% Protection Autres 0,5 (0,6) Total 217,2 180,7 +20,2%

Oberthur Technologies - par région

MEUR T2 2008 T2 2007 % Variation 2008 / 2007 à tx courant EMEA 141,8 125,9 +12,7% Amériques 51,0 44,1 +15,7% Asie 24,4 10,7 +127,1% Total 217,2 180,7 +20,2%

Oberthur Technologies - Card Systems par produit

MEUR T2 2008 T2 2007 % Variation % Variation 2008/ 2007 2008 / 2007 à tx constant à tx courant Cartes à 134,2 98,9 +41,2% +35,7% microprocesseur Paiement 39,7 34,9 +19,6% +13,8% Téléphonie mobile 78,5 53,8 +50,9% +45,9% Identité & 16,1 10,2 +64,1% +57,8% Sécurité Autres cartes 18,0 18,8 +3,0% -4,0% Services & 34,5 26,5 +37,7% +29,9% Solutions Total 186,7 144,2 +35,6% +29,5%

--------------------------------- (1) Paiement, fidélité et transport (2) Identité gouvernementale et privée, Santé, Télévision à péage... Oberthur Technologies Image 7 Jean-Michel Guichot - CFO Caroline Simon-Phélip Tél. : +33-1-47-64-64-08 Tél. : +33-1-53-70-74-65 jm.guichot@oberthur.com Courrier électronique : caroline.simon@image7.fr Tiphaine Hecketsweiler Tél. : +33-1-53-70-74-59 Courrier électronique : thecketsweiler@image7.fr

Oberthur Technologies

Oberthur Technologies, Jean-Michel Guichot - CFO, Tél. : +33-1-47-64-64-08, jm.guichot@oberthur.com; Image 7, Caroline Simon-Phélip, Tél. : +33-1-53-70-74-65, Courrier électronique : caroline.simon@image7.fr; Tiphaine Hecketsweiler, Tél. : +33-1-53-70-74-59, Courrier électronique : thecketsweiler@image7.fr

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