ESCO Technologies Announces Webcast of Third Quarter 2008 Conference Call

ST. LOUIS, July 24 /PRNewswire-FirstCall/ -- ESCO Technologies Inc. announces the following webcast:

Event: ESCO Third Quarter 2008 Conference Call Date: Thursday, August 7 Time: 4 p.m. Central Time Where: http://www.escotechnologies.com/

The Company's third quarter 2008 financial results will be released on Thursday, August 7, at approximately 3 p.m. Central Time, followed by the conference call/webcast at 4 p.m. Central Time where the financial results will be discussed.

Please access the Company's web site at least 15 minutes prior to the call to register, download and install any necessary audio software. If you are unable to participate, a replay will be available for seven days on the Company's web site at http://www.escotechnologies.com/ or by phone (dial 1-888-203-1112, passcode #9697543).

ESCO, headquartered in St. Louis, is a proven supplier of special purpose utility solutions for electric, gas and water utilities, including hardware and software to support advanced metering applications and fully automated intelligent instrumentation. In addition, the Company provides engineered filtration products to the aviation, space and process markets worldwide and is the industry leader in RF shielding and EMC test products. Further information regarding ESCO and its subsidiaries is available on the Company's web site at http://www.escotechnologies.com/.

ESCO Technologies Inc.

CONTACT: Patricia K. Moore, Director, Investor Relations of ESCO
Technologies Inc., +1-314-213-7277; or media inquiries, David P. Garino,
+1-314-982-0551, for ESCO Technologies Inc.

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

Scientific Games Awarded New South Wales Instant Ticket ContractRevenue Estimated at $3 Million Per Year

NEW YORK, July 24 /PRNewswire-FirstCall/ -- Scientific Games announced it has been awarded a contract as the exclusive supplier of instant tickets and related services to the New South Wales (NSW) Lotteries Corporation. The contract, which begins July 2008, has an initial term of three years and is slated to cover all NSW Lotteries "Instant Scratchies" business. Scientific Games was chosen in an open and competitive procurement process and expects to generate revenue of approximately $3 million per year.

"We are happy to renew our contract with NSW Lotteries, which is a leading lottery operator in Australia," said Lorne Weil, Chairman and CEO of Scientific Games. "We see many opportunities to continue to grow instant ticket sales for NSW and we are glad to continue to be part of the team."

"The fact that Scientific Games has a world class production facility in Sydney has been critical to our sales success with Instant Scratchies over the years," said Michael Howell, Chief Executive Officer of the New South Wales Lotteries Corporation. "We look forward to building on the excellent levels of service that Scientific Games and its local affiliate have provided NSW Lotteries."

In fiscal 2007, the NSW Lotteries generated over $1.2 billion in retail sales, over 10% of which was derived from instant ticket sales.

About Scientific Games

Scientific Games Corporation is the leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. For more information about Scientific Games, please visit our web site at http://www.scientificgames.com/.

Company Contact: Investor Relations Scientific Games Corporation 212-754-2233 Forward-Looking Statements

Certain statements in this press release, which are not historical facts, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including those relating to timing of contracts, renewals or other events, business plans and performance objectives, are based upon management's current expectations, assumptions and estimates and are not guarantees of future results or performance. Actual results may differ materially from those projected in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; material adverse changes in economic and industry conditions in our markets; technological change; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; seasonality; dependence on suppliers and manufacturers; factors associated with foreign operations; failure to retain, renew or perform on contracts; resolution of pending or future litigation; and other factors described from time to time in our filings with the SEC, including our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and except for our ongoing obligations under the U.S. federal securities laws, we undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

Scientific Games Corporation

CONTACT: Investor Relations, Scientific Games Corporation,
+1-212-754-2233

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

Company News On-Call: http://www.prnewswire.com/comp/117695.html

CIBER Reports Strong Second Quarter 2008 ResultsRevenue Up 19% (12% Organic); Outlook Raised

GREENWOOD VILLAGE, Colo., July 24 /PRNewswire-FirstCall/ -- CIBER, Inc. , an emerging global leader in IT services, reported results for the second quarter and first half of 2008, ended June 30th, exceeding or at the high-end of its expectations.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO) Financial Highlights: -- Second Quarter of 2008 -- Revenue of $317.6 million increased $51.1 million (19%, 12% of which was organic) as compared to $266.5 million for the second quarter of 2007. This is the highest quarterly revenue ever for CIBER and its first ever $300 million quarter. -- Operating income of $17.4 million was a $2.7 million (18%) increase over 2Q07. -- EBITDA (see appended table) was $23.1 million, compared to $19.7 million for 2Q07, a 17% increase. -- Cash Flow from Operations was $16.0 million, an increase of $2.8 million (21%) as compared to the second quarter of 2007. -- Net income of $8.9 million was a $1.1 million increase (14%) on a quarter-over-quarter basis. -- GAAP EPS of $0.15 per share was 15% greater than $0.13 per share for 2007's second quarter. -- First Half of 2008 -- Revenue of $612.0 million was a $86.3 million increase (16%, 9% of which was organic) as compared to the first half for 2007 of $525.7 million. -- Operating income for the first half of 2008 was $32.3 million, an 18% year-over-year increase. -- EBITDA of $43.4 million was a $6.1 million (16%) improvement over 2007's first half. -- Cash Flow from Operations (see statement below) for the first six months of 2008 at $40.9 million was a very strong nine times the $4.4 million of 2007's like period. -- Net Income of $16.1 million for 1H08 was a $1.7 million (12%) increase over the first half of 2007. -- GAAP EPS of $0.27 per share compares to $0.23 per share, an increase of 17% on a year-over-year basis. Management Comments:

"Another good quarter, fueled by accelerated organic growth, helped second quarter and first half 2008 revenue exceed expectations and set a new CIBER high. More importantly, we continued to invest in our project solutions transition and achieved earnings growth over 2007's similar period," said Mac Slingerlend, CIBER's President and Chief Executive Officer. "We are encouraged that the U.S. Commercial Division is showing revenue vitality, that Europe continues to perform robustly, and that our Federal Division was able to sequentially improve its results for the first time in several quarters. These positives overcame a mixed quarter from our US ERP group, where some projects have been concluding successfully, while others have had some struggles and new starts have been delayed. That said, with challenged industry growth, our operational leadership and technical talent are matching up very well and taking share from our domestic and international competitors. We have upgraded our expectations for all of 2008 in the Outlook section below."

2Q08 Operational Highlights US Commercial and IT Outsourcing (ITO) Divisions -- Organic revenue growth in this Division of 11% was its highest growth rate since 1999. -- Year-over-year results were fueled by stable headcounts, higher productivity and bill rates. European Division -- Revenue grew a robust 53% (30% of which was organic growth) to $116.0 million for 2Q08, the first time its revenue exceeded $100 million in a quarter in our history. -- Improved results in most every country helped European operations achieve an 8.6% EBITA margin and its highest ever quarterly result. -- An acquisition of a smaller, high-end SAP consultancy in Norway further enhances CIBER's Nordic SAP competency. -- Contract wins remained strong and geographically broad-based. State & Local Government Division -- Gross profit margins, a targeted area for progress, improved sequentially 120 basis points to 24.9% for 2Q08 and are positioned to improve further as the year proceeds. -- The pipeline of opportunities for this division continues to be very solid. Federal Government Division -- Improved operating results were driven by higher productivity and contract renewals. -- We are continuing to prepare and submit bids as a prime contractor, while adding to our capture leadership this quarter also. We are hopeful the second half of 2008 will begin to bear fruit in this regard, and we continue to believe 2009-2011 will be a meaningful growth period. CIBER Enterprise Solutions Division (CES) (US ERP) -- Improved results in our Oracle Practice activity led CES this quarter. -- The SAP Practice experienced reduced contributions, but was buoyed by prospects of its enhanced sales and delivery teams and its pipeline of opportunities. Eastern Asia-Pacific Operations -- Australia and New Zealand continued to post solid operating results. -- China will be assisting the UK in an international SAP retail sector client new rollout. Pipeline and Wins Data

The pipeline of opportunities (excluding Europe) being tracked at June 30th was approximately $3.1 billion. Contract wins in the quarter totaled approximately $300 million, and the year-to-date book-to-bill ratio was circa 1.15:1.

Balance Sheet Highlights -- Working capital increased $0.7 million to $175.5 million. -- DSOs on services improved four days to 66 days, contributing nicely to cash flow from operations. -- CIBER purchased 300,000 shares into treasury at an average cost of $5.81 per share. -- The Company also purchased $10.0 million of its debentures at a modest gain, and now owns $94 million of the $175 million issued. 3Q08 and 2008 Outlook -- Third Quarter 2008 CIBER believes revenue of the third quarter of 2008 will be $300-310 million and that GAAP EPS will be $0.13-0.15 per share. -- Fiscal 2008 Annual expectations for revenue are increased to $1.215-1.230 billion and GAAP EPS estimates are increased to $0.55-0.57 per share. Conference Call and Webcast

A webcast to discuss the company's financial results and outlook will be held at 11:00 a.m. ET on July 24, 2008 and may be heard live by visiting the Investor Relations portion of the company website at http://www.ciber.com/cbr/. To participate in the call, dial 800-218-8862 within the United States, and 303-262-2142 internationally, using the conference ID number 11116495. A replay of the conference call will be available through August 23, 2008 by dialing 800-405-2236 within the United States, and 303-590-3000 internationally, using the ID number 11116495. The replay will also be available on CIBER's website.

About CIBER, Inc.

CIBER, Inc. is a pure-play international system integration consultancy with superior value-priced services and reliable delivery for both private and government sector clients. CIBER's services are offered globally on a project- or strategic-staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974 and headquartered in Greenwood Village, Colo., CIBER now serves client businesses from over 60 U.S. offices, 25 European offices and seven offices in Asia/Pacific. Operating in 18 countries, with more than 8,500 employees and annual revenue approximately $1.2 billion, CIBER and its IT specialists continuously build and upgrade clients' systems to "competitive advantage status." CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, the Reliable Global IT Services Partner. http://www.ciber.com/.

Forward-Looking and Cautionary Statements

Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc. Copyright(C) 2008.

CIBER, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) In thousands, except per Three Months Ended Six Months Ended share data June 30, June 30, 2007 2008 2007 2008 Consulting services $251,272 $300,317 $496,230 $581,480 Other revenue 15,271 17,262 29,498 30,563 Total revenue 266,543 317,579 525,728 612,043 Cost of consulting services 184,611 218,176 364,489 423,296 Cost of other revenue 8,047 12,301 17,326 20,680 Selling, general and administrative expenses 57,759 68,045 113,739 132,536 Amortization of intangible assets 1,409 1,648 2,800 3,219 Operating income 14,717 17,409 27,374 32,312 Other expense, net (1,957) (2,901) (4,110) (6,038) Income before income taxes 12,760 14,508 23,264 26,274 Income tax expense 4,912 5,580 8,851 10,169 Net income $7,848 $8,928 $14,413 $16,105 Earnings per share - diluted $0.13 $0.15 $0.23 $0.27 Weighted average shares - diluted 62,268 60,344 62,171 60,334

For the three months ended June 30, 2007 and 2008, respectively, earnings per share - basic were $0.13 and $0.15 and weighted average shares - basic were 61,287 and 60,000.

For the six months ended June 30, 2007 and 2008, respectively, earnings per share - basic were $0.23 and $0.27 and weighted average shares - basic were 61,404 and 60,132.

CIBER, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) In thousands December 31, June 30, 2007 2008 Assets Current assets: Cash and cash equivalents $31,717 $38,721 Accounts receivable, net 269,070 275,636 Prepaid expenses and other current assets 24,032 21,853 Deferred income taxes 9,384 11,194 Total current assets 334,203 347,404 Property and equipment, net 27,297 29,573 Intangible assets, net 475,677 487,534 Other assets 11,936 11,028 Total assets $849,113 $875,539 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $35,538 $38,626 Accrued compensation and related liabilities 54,837 56,850 Current portion of long-term bank debt 9,108 3,136 Other accrued expenses and liabilities 53,493 67,440 Income taxes payable 5,447 5,831 Total current liabilities 158,423 171,883 Long-term bank debt 49,810 109,124 Debentures 152,000 80,985 Deferred income taxes 31,857 35,652 Total liabilities 392,090 397,644 Minority interest 2,464 4,400 Shareholders' equity 454,559 473,495 Total liabilities and shareholders' equity $849,113 $875,539 CIBER, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited) Six Months Ended June 30, In thousands 2007 2008 Operating activities: Net income $14,413 $16,105 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 5,775 6,260 Amortization of intangible assets 2,800 3,219 Other, net (18,546) 15,364 Net cash provided by operating activities 4,442 40,948 Investing activities: Acquisitions, net of cash acquired (1,465) (7,267) Purchases of property and equipment, net (5,569) (8,135) Other - 233 Net cash used in investing activities (7,034) (15,169) Financing activities: Employee stock purchases and options exercised 3,415 1,131 Purchases of treasury stock (8,592) (5,809) Borrowings (payments) on long-term bank debt, net (3,863) 53,124 Retirement of debentures - (68,779) Other, net 196 (150) Net cash used in financing activities (8,844) (20,483) Effect of foreign exchange rate changes on cash 454 1,708 Net decrease in cash and cash equivalents (10,982) 7,004 Cash and cash equivalents, beginning of period 33,319 31,717 Cash and cash equivalents, end of period $22,337 $38,721 Selected Financial Information Unaudited Reconciliation of Non-GAAP and Segment Financial Measures I. Reconciliation of Revenue Growth Components ($ in Millions) Three Months Ended June 30, Foreign June 30, Divisions 2007 Organic Acquired Exchange Total 2008 Commercial/ITO $89.8 11.2% -% -% 11.2% $99.9 Europe 75.9 30.4 3.3 19.1 52.8 116.0 State & Local 35.4 4.2 - - 4.2 36.9 Federal 34.0 -2.1 - - -2.1 33.3 CES (US ERP) 31.4 -10.8 11.1 - 0.3 31.5 $266.5 11.5% 2.3% 5.4% 19.2% $317.6 Six Months Ended June 30, Foreign June 30, Divisions 2007 Organic Acquired Exchange Total 2008 Commercial/ITO $181.0 6.7% -% -% 6.7% $193.1 Europe 147.1 25.3 3.1 18.2 46.6 215.7 State & Local 70.9 5.6 - - 5.6 74.9 Federal 68.1 -4.1 - - -4.1 65.3 CES (US ERP) 58.6 -5.3 12.8 - 7.5 63.0 $525.7 9.0% 2.3% 5.1% 16.4% $612.0 II. Segment Operating Results Analysis ($ In millions) Three Months Ended Six Months Ended By Division June 30, 2007 June 30, 2008 June 30, 2007 June 30, 2008 % of % of % of % of Amount Revenue Amount Revenue Amount Revenue Amount Revenue Revenue Commercial/ITO* $89.8 34% $99.9 31% $181.0 34% $193.1 32% Europe* 75.9 28 116.0 37 147.1 28 215.7 35 State & Local 35.4 13 36.9 12 70.9 14 74.9 12 Federal 34.0 13 33.3 10 68.1 13 65.3 11 CES (US ERP) 31.4 12 31.5 10 58.6 11 63.0 10 Total $266.5 100% $317.6 100% $525.7 100% $612.0 100% % % % % of Div. of Div. of Div. of Div. Operating Income Revenue Revenue Revenue Revenue Commercial/ITO* $7.2 8% $9.2 9% $15.0 8% $18.6 10% Europe* 4.3 6 9.9 9 8.0 5 16.4 8 State & Local 3.6 10 3.7 10 7.2 10 6.9 9 Federal 3.3 10 3.0 9 5.8 9 4.4 7 CES (US ERP) 3.7 12 0.2 1 5.7 10 1.8 3 Corporate (6.0) (2) (6.9) (2) (11.5) (2) (12.6) (2) EBITA 16.1 6% 19.1 6% 30.2 6% 35.5 6% Amort. Expense (1.4) (-) (1.7) (-) (2.8) (1) (3.2) (1) Operating Income $14.7 6% $17.4 6% $27.4 5% $32.3 5%

*U.S. Commercial includes India's results and domestic eliminations; Europe includes Eastern Asia & Australia/NZ results.

III. EBITDA Reconciliation to Net Income (000's omitted) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2007 2008 2007 2008 Net Income $7,848 $8,928 $14,413 $16,105 Income Tax 4,912 5,580 8,851 10,169 Pre-Tax Income 12,760 14,508 23,264 26,274 Other Expense, net 1,957 2,901 4,110 6,038 Operating Income 14,717 17,409 27,374 32,312 Share Based Comp. 682 791 1,337 1,560 Amortization 1,409 1,648 2,800 3,219 Depreciation 2,929 3,205 5,775 6,260 EBITDA $19,737 $23,053 $37,286 $43,351

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

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

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

Cardinal Health Expands Leader(R) Offering To Help Independent Pharmacies Strengthen Patient Relationships, Solidify Role As Local Health Care ExpertsAt 19th annual Retail Business Conference, company launches exclusive brand of home health care products, front-of-store management tool, outbound calling and prescription counting technology

ORLANDO, Fla., July 24 /PRNewswire-FirstCall/ -- As consumerism, the aging patient population and evolving government regulations continue to shift the way health care is delivered, Cardinal Health today launched new tools to help retail independent pharmacies strengthen relationships with consumers, improve productivity and solidify their role as local health care experts.

New offerings include an exclusive brand of home health care products to help retailers diversify revenue; a front-of-store management tool that improves the efficiency of non-prescription sales; outbound calling technology that helps pharmacies build relationships with customers; and a prescription counting system that improves accuracy and efficiency.

Key tools introduced today at the company's 19th annual Retail Business Conference and now available to members of Cardinal Health's Leader(R) network of independent retail pharmacies include:

-- TrustWorth(TM) exclusive brand of home health care products -- Cardinal Health's exclusive new brand of high-quality, affordable home health care products helps independent pharmacies diversify revenue while strengthening their position as a local health care destination. The TrustWorth line of home health care products includes bath safety, mobility and personal care products, many of which are reimbursable through Medicare, Medicaid and most third-party insurance companies. By offering these products to the fast-growing aging population, independent pharmacies can drive additional revenue and build market share by attracting new customers. TrustWorth's contemporary packaging and full suite of marketing materials, including catalogs, brochures, store layouts and signage, help drive customer awareness and sales.

-- ECRS front-end management system -- Cardinal Health has partnered with ECRS to make its front-end management system available to customers at guaranteed industry-best pricing. The ECRS system automatically re-orders front-of-store merchandise as it's purchased, provides electronic order updates and confirmations and provides profit analysis on products at the item level. The system also enhances prescription sales accountability by scanning and tracking all prescriptions at check out. In addition, it reduces inventory and stock outs and is proven to increase front-of-store sales by 5 to 10 percent while decreasing the amount of time spent managing front-of-store inventory by as much as 60 percent.

Recent enhancements to the ECRS system also help customers comply with pending Internal Revenue Service (IRS) regulations that retailers need to follow in order to process flexible spending accounts, health reimbursement arrangements and other health benefit plans.

-- Abby Calling Technology -- Cardinal Health also introduced guaranteed industry-best pricing for new, Web-based Abby Calling Technology, which helps pharmacies improve patient relationships and medication compliance, while also increasing prescription refill rates and reducing labor costs. The automated outbound calling tool allows retailers to notify patients when prescriptions are ready or need to be refilled, share information regarding special promotions and conduct customer surveys. Calls can be made using the local pharmacist's voice or by professional voice talent, and the pharmacy's local phone number appears in the patient's caller ID. The technology takes less than 30 minutes of training to use and helps pharmacies improve productivity by streamlining out-bound phone calls and significantly reducing in-bound phone calls.

-- Automated Kirby Lester counting systems -- Cardinal Health will also offer industry-best pricing for customers wanting to improve patient safety and reduce prescription fill time with automated Kirby Lester pill counting systems. Taking up less space than a coffee maker, Kirby Lester counting systems automate the prescription fill process, reducing costly miscounts and guaranteeing 99.97 percent prescription counting accuracy. Advanced models also offer barcode scanning, detailed dispensing reports and visual drug verification.

"Through our broad Leader offering, we're creating long-term partnerships to help independent pharmacies attract new, loyal customers, drive efficiency and improve their financial performance," said Mike Kaufmann, group president of Healthcare Supply Chain Services -- Pharmaceutical for Cardinal Health. "We're committed to helping retail independents respond to health care trends and position their businesses to win, no matter how the market changes."

These new tools are the latest addition to Leader, Cardinal Health's comprehensive offering that helps independent pharmacies improve patient care, maximize profitability and identify new opportunities to effectively compete by:

-- Improving reimbursements -- Leader protects margins by managing business relationships with pharmacy benefits managers and providing a full suite of reimbursement tools that ensure claims are submitted and collected properly.

-- Streamlining operations -- Leader streamlines operations by offering proactive inventory management solutions and addressing workflow issues related to staffing shortages, high labor costs, increasing prescriptions, decreasing margins and patient safety requirements.

-- Creating alternate revenue streams -- Leader helps retail pharmacies diversify revenue and solidify their role as a complete health care destination by helping them develop expertise in key areas including home health care, durable medical equipment and diabetes management.

-- Increasing market share -- Leader increases market share and establishes strong brand recognition by helping retailers attract new and loyal customers through optimized advertising strategies, effective store signage and profitable private-label offerings.

"Cardinal Health's Leader offering helps me expand my reach into the community and diversify my business beyond just filling prescriptions," said Dave Burke, owner of Dave's Pharmacy in Marysville, Ohio. "By partnering with Cardinal Health to improve my business's productivity and profitability, I can tap into a full suite of tools and services that help me stay ahead of health care trends and position my business for long-term success."

These offerings were introduced at the Cardinal Health Retail Business Conference (RBC) being held July 23-26, 2008 in Orlando, Fla. With the mission of strengthening the market position of retail independent pharmacists, RBC 2008 provides more than 4,000 attendees -- pharmacists, pharmacy technicians and other pharmacy industry professionals across the United States -- with buying opportunities, continuing education sessions and programs to help improve patient care, efficiency and profitability.

About Cardinal Health

Headquartered in Dublin, Ohio, Cardinal Health, Inc. is an $87 billion, global company serving the health care industry with products and services that help hospitals, physician offices and pharmacies reduce costs, improve safety, productivity and profitability, and deliver better care to patients. With a focus on making supply chains more efficient, reducing hospital-acquired infections and breaking the cycle of harmful medication errors, Cardinal Health develops market leading technologies, including Alaris(R) IV pumps, Pyxis(R) automated dispensing systems, MedMined(TM) infection surveillance services and the CareFusion(TM) patient identification system. The company also manufactures medical and surgical products and is one of the largest distributors of pharmaceuticals and medical supplies worldwide. Ranked No. 19 on the Fortune 500, Cardinal Health employs more than 40,000 people on five continents. More information about the company may be found at http://www.cardinalhealth.com/ .

Cardinal Health, Inc.

CONTACT: Media: Tara Schumacher, +1-614-757-6250,
tara.schumacher@cardinal.com; Investors: Jon Lyons, +1-614-757-3996,
Jon.lyons@cardinal.com, both of Cardinal Health

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

Geeks On Call(R) Launches CallTheGeeks.com(TM)Telephone and Remote Technical Support Portal

NORFOLK, Va., July 24 /PRNewswire-FirstCall/ -- Geeks On Call Holdings, Inc. (BULLETIN BOARD: GOCH) , a premier national provider of professional IT solutions to small business and residential customers through its national network of franchise and Company-owned locations under the trade names Geeks On Call(R) and 1-800-905-GEEK(TM), announced today the launch of its telephone and remote technical support center: CallTheGeeks.com.

CallTheGeeks.com (Call The Geeks) offers telephone and online remote technical support service in areas where the Company has no existing on-site operations.

Call The Geeks service consists of an initial free live online chat to clarify and categorize computer issues, after which customers may opt for thirty days of unlimited phone, live chat, and/or remote computer support for a reasonable flat fee.

According to Rich Artese, Executive Vice President and Chief Operating Officer, "The launch of our Call The Geeks service is but another critical step in our mission: To become the leading professional provider of rapid-response on-site IT solutions to the small business and residential markets in the United States. Call The Geeks allows Geeks On Call to provide telephone and remote support to customers in territories across the U.S. where we do not currently offer on-site service."

Call The Geeks is staffed with trusted, certified technicians who must submit to a rigorous screening process -- the same as for any on-site employee. Support is offered to small businesses, home offices, and residential customers. Hours of operation are Monday through Saturday, 8:00am to 12:00am, and Sunday 10:00am to 7:00pm, Eastern Time.

About Geeks On Call(R)

Geeks On Call is a wholly owned subsidiary of Geeks On Call Holdings, Inc. (BULLETIN BOARD: GOCH) . Founded in 1999, the Company is a pioneer in the mobile, rapid-response on-site IT service concept. Under the trade names Geeks On Call, 1-800-905-GEEK(TM), Call The Geeks(TM), and CallTheGeeks.com(TM), the Company's certified IT professionals service small businesses and residential customers through its national network of franchise and Company-owned locations. They provide computer privacy and security solutions, hardware and network installations and troubleshooting, as well as repairs, upgrades and consulting. Geeks On Call also co-markets through endorsed vendor relationships with other Franchisors, who offer GOC services to their franchisees as a value-added benefit. Over 250 independently owned and operated franchises have been granted, with new franchise and Corporate locations opening regularly. For more information, including franchising and Endorsed Vendor Program opportunities, call 1-800-905-GEEK or visit http://www.geeksoncall.com/. Send an email of inquiry to endorsedvendor@geeksoncall.com.

About Call The Geeks(TM)

Call The Geeks, a wholly owned subsidiary of Geeks On Call Holdings, Inc., is a telephone and remote support service provider that operates through the online portal CallTheGeeks.com. The friendly, industry-certified professionals of Call The Geeks provide an initial free live chat to clarify and categorize computer issues, after which customers may opt for thirty days of unlimited phone, live chat, and/or remote computer support at reasonable flat-rate pricing. Call The Geeks trusted certified technicians are trained and tested using the rigorous screening process originally established for on-site employees. Hours of operation are Monday through Saturday, 8:00am to 12:00am, and Sunday 10:00am to 7:00pm, Eastern Time. For more information about the company, call 1-800-905-GEEK, visit http://www.callthegeeks.com/ or send an email of inquiry to info@callthegeeks.com.

Forward-looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Contacts: Investor Relations Gerard Adams President Wall Street Grand LLC (888) 925-8247 Gerard@WallStreetGrand.com Jennifer Allesandro Geeks On Call I/R (757) 531-7410 jennifer.allesandro@geeksoncall.com Media Relations Shana Keith Porter Novelli (404) 995-4557 shana.keith@porternovelli.com

Geeks On Call

CONTACT: Investor Relations, Gerard Adams, President of Wall Street
Grand LLC, +1-888-925-8247, Gerard@WallStreetGrand.com; or Jennifer Allesandro
of Geeks On Call I/R, +1-757-531-7410, jennifer.allesandro@geeksoncall.com; or
Media Relations, Shana Keith of Porter Novelli, +1-404-995-4557,
shana.keith@porternovelli.com

Web site: http://www.geeksoncall.com/
http://www.callthegeeks.com/

8x8, Inc.'s Packet8 Virtual Office Small Business Phone System Now Available at Staples.com

SANTA CLARA, Calif., July 24 /PRNewswire-FirstCall/ -- 8x8, Inc. , provider of Packet8 (http://www.packet8.net/) business, mobile and residential communication services, today announced that its Packet8 Virtual Office hosted PBX small business phone system is now available on Staples.com.

"We are very pleased to offer Staples customers an opportunity to join the thousands of other small businesses who are saving time and money every month, while increasing worker productivity, by using the Packet8 Virtual Office business phone system," said 8x8 Vice President of Marketing & Sales Huw Rees. "In this tough economic climate, enterprises of every size are examining their day to day operating expenses and identifying areas where cost savings could be achieved. Switching to Packet8 Virtual Office phone service not only accomplishes this objective, it provides small businesses with a digital quality, feature rich telephony solution that is customizable and scalable as their needs and requirements change."

"Staples.com is a central resource that makes it easy for our small business customers to increase their workplace productivity," said Jessica Forzese-Nichols, product category manager, Staples Business Delivery. "Packet8 Virtual Office phone service is a great addition to the broad range of office products and services Staples offers online."

Now in use by over 12,000 small businesses, the Packet8 Virtual Office solution is an affordable, easy-to-use replacement for traditional PBX phone systems, allowing users anywhere in the world to be part of a hosted VoIP virtual phone solution. The service includes an auto attendant, worldwide extension dialing, business class voicemail, a full featured conference bridge and ring groups, in addition to a rich variety of other business class PBX and dial tone features not normally found on premise-based PBX systems.

Offering a combination of unlimited local and long distance calling in the United States, Canada and eight other countries plus advanced PBX features, the Packet8 Virtual Office solution enables small and medium sized enterprises to secure distributed corporate class telecommunications capabilities for a fraction of the cost of wire line business services from traditional phone companies. Unlike comparably priced single line VoIP phone services which offer features more suited to individual residential users, Packet8 Virtual Office provides companies with complete business phone system functionality along with the flexibility to operate each extension from any geographic location with high-speed Internet access. Packet8 Virtual Office reduces an organization's total cost of ownership (TCO) for telecommunications services because of its minimal initial investment combined with unlimited worldwide calling for a low monthly fee and access to Packet8's low per-minute international calling rates to overseas wire line and mobile phone numbers.

Staples.com customers can purchase the Packet8 Virtual Office business phone package for just $79.99 (after $50 mail-in rebate) and begin using the Virtual Office service within minutes after a simple installation and activation procedure. Subscribers who purchase Virtual Office at Staples.com receive one free month of service followed by a discounted monthly service price of $39.99 for an Unlimited Extension. For additional information visit: http://tinyurl.com/staples-com-packet8.

About 8x8, Inc.

8x8, Inc. offers voice, video and mobile communications solutions for business and residential customers. Marketed under the Packet8 brand name, these solutions leverage existing broadband Internet connections and cellular networks to deliver advanced features and digital quality phone service at a fraction of the cost of legacy, copper wire alternatives. Businesses of any size, configuration or geographic location can benefit from the cost, performance and operational advantages of VoIP technology by selecting the Packet8 solution that best fits their needs, whether it's the Virtual Office Hosted iPBX phone system, Virtual Trunking IP dial tone solution or Packet8 Hosted Key System service. All Packet8 communications solutions carry little or no upfront investment, no maintenance or upgrade fees and no change in user behavior. For additional company information, visit 8x8's web site at http://www.8x8.com/. For information about Packet8 products and services, visit http://www.packet8.net/.

8x8, Inc.

CONTACT: Joan Citelli of 8x8, Inc., +1-408-687-4320, jcitelli@8x8.com

Web site: http://www.8x8.com/
http://www.packet8.net/

Stanley Wins Millennium Challenge Corporation IT Security Support Services ContractProviding support to the Chief Information Systems Security Officer

ARLINGTON, Va., July 24 /PRNewswire-FirstCall/ -- Stanley, Inc. , a leading provider of systems integration and professional services to the U.S. federal government, today announced that it was awarded a five-year information technology security support services contract by the Millennium Challenge Corporation (MCC), a U.S. Government corporation designed to work with some of the poorest countries in the world. If all four of the annual options are exercised, the total five-year value of the time and materials contract will be approximately $5.6 million.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO )

"Stanley is honored to have the opportunity to support our new customer, the Millennium Challenge Corporation, in its mission to reduce global poverty through the promotion of sustainable economic growth," said Phil Nolan, chairman, president and CEO of Stanley. "We are also very pleased to be working on this effort with Iron Vine Security, LLC."

Under the newly awarded contract, Stanley and Iron Vine Security, a premier Federal IT information security company and Stanley's newest small business partner, will provide support to the MCC's Chief Information Systems Security Officer (CISSO), who is responsible for overseeing and executing MCC's information systems security program.

Stanley and Iron Vine Security will provide the day-to-day information security and systems engineering operational requirements in support of the MCC CISSO. The project also includes the full range of information security systems services, including but not limited to intrusion detection incident response and reporting; vulnerability scanning; risk assessments; security awareness training; procedure development for information security remedial action; FISMA compliance support such as certification and accreditation, and plan of action and milestones reports; development of plans and procedures to ensure continuity of operations; and support for engineering secure solutions to ensure compliance with new Federal Government laws and regulations.

About Stanley

Stanley is a provider of information technology services and solutions to U.S. defense and federal civilian government agencies. Stanley offers its customers systems integration solutions and expertise to support their mission-essential needs at any stage of program, product development or business lifecycle through five service areas: systems engineering, enterprise integration, operational logistics, business process outsourcing, and advanced engineering and technology. Headquartered in Arlington, Va., the company has more than 4,400 employees at over 100 locations in the U.S. and worldwide. In 2008 and 2007, Stanley was recognized by FORTUNE(R) magazine as one of the "100 Best Companies to Work For." Please visit http://www.stanleyassociates.com/ for more information.

Any statements in this press release about our future expectations, plans and prospects, including statements containing the words "estimates," "anticipates," "plans," "expects" and similar expressions, constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2008, as filed with the Securities and Exchange Commission (SEC), and additional filings we make with the SEC. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. We assume no obligation to update publicly or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.

Photo: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Stanley, Inc.

CONTACT: Joelle Pozza of Stanley, Inc., +1-703-310-3218,
Joelle.Pozza@stanleyassociates.com

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

Top Ten Fortune 500 Telecommunications Company to Use ProLink Network for Digital Out-of-Home Ad CampaignCompany will Advertise on Golf Cart GPS Screens, Participate in ProLink Network Research Program

CHANDLER, Ariz., July 24 /PRNewswire-FirstCall/ -- ProLink Solutions, a wholly-owned subsidiary of ProLink Holdings Corp. (BULLETIN BOARD: PLKH) and the world's leading provider of Global Positioning Satellite ("GPS") golf course management systems and digital out-of-home on-course advertising, today announced that one of the world's largest telecommunications companies has elected to advertise in the ProLink Network Research Program as part of a category exclusive three-month advertising campaign.

Advertisements for the company's services will appear on one hole per course throughout the program's run, during which the company will be ProLink Network's exclusive national advertiser in the directory categories. The ads will appear on the majority of screens across ProLink's US national network of approximately 400 golf courses, nearly 30,000 screens in total.

In addition, the advertiser will receive a third-party, custom research study detailing audience demographics, ad recall and intent to purchase, as part of the ongoing ProLink Network Research Program. The initiative offers exposure to the entire ProLink Network of golf courses, potentially resulting in 21 million brand impressions, as well as independent research conducted by Edison Media. The advertiser will have the option to extend its contract for the 2009 calendar year, during which time it would maintain category exclusivity.

"The ability to attract major brands to our screens shows how far the ProLink Network has progressed in a very short time," said Andy Batkin, CEO of the ProLink Network. "Advertisers recognize the value and unmatched access to a key demographic that we offer. The research program gives advertisers the means to validate the effectiveness of their campaigns on our network."

Through the ProLink Network, advertisers gain access to an affluent group of golfers playing upscale courses and resorts featuring ProLink's 10.4" GPS monitors on their carts. Surveys have shown remarkable recall rates in excess of 70% for golfers viewing the on-screen ads in quarter- and full-page formats.

ProLink's pioneering national advertising program reaches more than 13 million golfers nationwide. Through an exclusive agreement with ProLink, the ABC National Television Sales force procures national ads on the ProLink Network. Brands that have used ProLink to reach the coveted golf demographic include Toyota, General Motors, American Express- Starwoods and HBO.

About ProLink

ProLink Solutions is the world's leading provider of GPS golf course management systems and revenue-generating on-course advertising. ProLink Solutions' core philosophy is to be a "Trusted Partner" to its golf-course customers. From enhancing golfers' overall experience and improving pace-of-play, to increasing current revenue streams and creating new profit centers for golf courses, ProLink Solutions' products and services have captured markets both nationally and globally. For more information about ProLink, visit http://www.goprolink.com/, call 480.753.2337 or email info@goprolink.com.

CONTACT: Buffalo CommunicationsRich Katz 703.891.3319 rkatz@billycaspergolf.com Daniel Mitchell 253.312.4536 dmitchell@billycaspergolf.com Investor Relations Contact: CEOcast, Inc. Gary Nash 212.732.4300 gnash@ceocast.com

ProLink Holdings Corp.

CONTACT: Rich Katz of Buffalo Communications, +1-703-891-3319,
rkatz@billycaspergolf.com; or Daniel Mitchell, +1-253-312-4536,
dmitchell@billycaspergolf.com; or Investor Relations, Gary Nash of CEOcast,
Inc., +1-212-732-4300, gnash@ceocast.com, all for ProLink Holdings Corp.

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

Qualcomm Announces Financial Guidance for the Fourth Fiscal Quarter and Fiscal Year Ending September 28, 2008

SAN DIEGO, July 24 /PRNewswire/ --

- Raises Fiscal 2008 Revenue and Earnings Guidance

Qualcomm Incorporated (Nasdaq: QCOM) today announced its financial guidance for the fourth fiscal quarter and fiscal year ending September 28, 2008.

The following statements are forward looking and actual results may differ materially. Please see "Note Regarding Forward-Looking Statements" at the end of this news release for a description of certain risk factors and Qualcomm's annual and quarterly reports on file with the Securities and Exchange Commission (SEC) for a more complete description of risks that may affect the forward-looking statements.

Pro Forma Defined

Pro forma results and guidance exclude the Qualcomm Strategic Initiatives (QSI) segment, certain estimated share-based compensation, certain tax items related to prior years and acquired in-process research and development (R&D) expense.

Business Outlook

Based on the current business outlook, and prior to accounting for the recently announced Nokia settlement agreement, we anticipate fourth fiscal quarter Qualcomm pro forma revenues to be approximately US$2.5 to US$2.7 billion and Qualcomm pro forma diluted earnings per share (EPS) to be approximately US$0.49 to US$0.51. Our current estimate is based on the shipment of approximately 84 to 87 million Mobile Station Modem(TM) (MSM(TM)) chips during the quarter, compared to approximately 68 million MSM chips shipped during the year ago quarter. We estimate June quarter shipments of approximately 114 to 118 million CDMA devices (CDMA2000(R) and WCDMA) at an estimated average selling price of approximately US$215 per unit. Approximately 89 million CDMA devices were shipped in the year ago quarter.

We anticipate fiscal 2008 Qualcomm pro forma revenues to be approximately US$10.3 to US$10.5 billion and Qualcomm pro forma diluted EPS to be approximately US$2.11 to US$2.13. We are at an early stage of working through the mechanics of the Nokia settlement agreement. At this early stage, our preliminary estimate of incremental diluted EPS is approximately US$0.07 to US$0.13.

"Global demand for 3G continues at a rapid pace as consumers, operators and manufacturers benefit from a wide variety of competitively priced, feature-rich devices," said Dr. Paul E. Jacobs, chief executive officer of Qualcomm. "In calendar year 2008, we continue to see approximately 30 percent year-over-year growth for CDMA-based device shipments. The fundamental drivers of our business remain strong, and we are raising our fiscal 2008 revenue and earnings per share estimates."

Due to their nature, certain income and expense items, such as realized investment gains or losses, gains and losses on certain derivative instruments or asset impairments, cannot be accurately forecast. Accordingly, we exclude forecasts of such items from our business outlook, and actual results may vary materially from the business outlook if we incur any such income or expense items. In addition, our outlook does not include provisions for the consequences of injunctions or significant possible damages or costs related to litigation matters, unless damages have been awarded by a court.

As previously announced, we have entered into a new agreement with Nokia enabling both companies to make and sell products implementing the major wireless cellular standards, including 3G and 4G standards, as well as settling all litigation between the companies. In addition, Nokia is withdrawing its complaint to the European Commission.

We continue to be engaged in litigation with Broadcom Corporation in various forms. As previously disclosed, we have included our estimate of the impact of the ruling by the Federal District Court in Santa Ana, Calif. in our outlook for fiscal 2008.

The following table summarizes total Qualcomm (GAAP) and Qualcomm pro forma guidance for the fourth fiscal quarter and fiscal 2008 based on the current business outlook. The pro forma business outlook provided below is presented consistent with the presentation of pro forma results elsewhere herein.

The following estimates are approximations and are based on the current business outlook:

(All currency in US$ unless otherwise noted) Business Outlook Summary FOURTH FISCAL QUARTER Current Guidance Estimated Q4'07 Q4'08 Nokia Q4'08 Results(2) Estimates(3)(5) EPS Impact (5) Qualcomm Pro Forma Revenues $2.31B $2.5B - $2.7B Year-over-year change increase 8% - 17% Diluted earnings per share (EPS) $0.54 $0.49 - $0.51 $0.07 - $0.13 Year-over-year change decrease 6% - 9% Total Qualcomm (GAAP) Revenues $2.31B $2.5B - $2.7B Year-over-year change increase 8% - 17% Diluted earnings per share (EPS) $0.67 $0.39 - $0.41 $0.07 - $0.13 Year-over-year change decrease 39% - 42% Diluted EPS attributable to QSI ($0.02) ($0.04) Diluted EPS attributable to estimated share- based compensation ($0.05) ($0.06) Diluted EPS attributable to certain tax items related to prior years $0.20 n/a Metrics MSM shipments approx. 68M approx. 84M - 87M approx. 84M - 87M CDMA/WCDMA devices shipped (1) approx. 89M* approx. 114M - 118M* approx. 114M - 118M* CDMA/WCDMA device wholesale average selling price (1) approx. $218* approx. $215* approx. $215* * Shipments in June quarter, reported in September quarter FISCAL YEAR Prior Guidance Current Guidance Estimated FY 2007 FY 2008 FY 2008 Nokia FY 2008 Results(2) Estimates(3)(4) Estimates(3)(5) EPS Impact(5) Qualcomm Pro Forma Revenues $8.87B $10.0B - $10.4B $10.3B - $10.5B Year-over-year change increase 13% - 17% increase 16% - 18% Diluted earnings per share (EPS) $2.01 $2.04 - $2.09 $2.11 - $2.13 $0.07 - $0.13 Year-over-year change increase 1% - 4% increase 5% - 6% Total Qualcomm (GAAP) Revenues $8.87B $10.0B - $10.4B $10.3B - $10.5B Year-over- year change increase 13% - 17% increase 16% - 18% Diluted earnings per share (EPS) $1.95 $1.71 - $1.76 $1.77 - $1.79 $0.07 - $0.13 Year-over-year change decrease 10% - 12% decrease 8% - 9% Diluted EPS attributable to QSI ($0.08) ($0.11) ($0.11) Diluted EPS attributable to estimated share- based compensation ($0.19) ($0.22) ($0.22) Diluted EPS attributable to in-process R&D ($0.01) $0.00 ($0.01) Diluted EPS attributable to tax items related to prior years $0.22 n/a n/a Metrics Fiscal year* CDMA/WCDMA device wholesale average selling price(1) approx. $214 approx. $217 approx. $219 approx. $219 * Shipments in Sept. to June quarters, reported in Dec. to Sept. quarters CALENDAR YEAR Device Estimates (1) Prior Guidance Current Guidance CDMA/WCDMA device Calendar 2007 Calendar 2008 Calendar 2008 shipments Estimates Estimates Estimates March quarter approx. 86M approx. 105M - 109M approx. 107M June quarter approx. 89M not provided approx. 114M - 118M September quarter approx. 95M not provided not provided December quarter approx. 112M not provided not provided Calendar year range(approx.) 382M 488M - 518M 488M - 518M Midpoint Midpoint Midpoint CDMA/WCDMA units approx. 382M approx. 503M approx. 503M CDMA units approx. 209M approx. 223M approx. 229M WCDMA units approx. 173M approx. 280M approx. 274M (1) CDMA/WCDMA device shipments and average selling prices are for estimated worldwide device shipments, including shipments not reported to Qualcomm. (2) Our Q4'07 and fiscal 2007 results do not include royalty revenues attributable to Nokia's sales after April 9, 2007. (3) We have excluded from our fiscal 2008 revenue and earnings guidance our estimate of royalties related to Nokia's sales. (4) Prior guidance for fiscal 2008 presented above is as of April 23, 2008. On June 12, 2008, we updated fiscal year 2008 diluted EPS guidance to approx. US$2.09 - US$2.13 for Qualcomm pro forma and approx. US$1.75 - US$1.79 for total Qualcomm (GAAP). (5) Our fourth fiscal quarter and fiscal 2008 guidance excludes the incremental benefit of approximately US$0.07 to US$0.13 diluted EPS related to our agreement with Nokia as we are still working through some of the terms of the agreement before we can make a final determination regarding the amount and timing of revenue recognition. Sums may not equal totals due to rounding.

Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2008 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.

Note Regarding Use of Non-GAAP Financial Measures

The Company presents pro forma financial information that is used by management (i) to evaluate, assess and benchmark the Company's operating results on a consistent and comparable basis, (ii) to measure the performance and efficiency of the Company's ongoing core operating businesses, including the Qualcomm CDMA Technologies, Qualcomm Technology Licensing and Qualcomm Wireless & Internet segments and (iii) to compare the performance and efficiency of these segments against each other and against competitors outside the Company. Pro forma measurements of the following financial data are used by the Company's management: revenues, R&D expenses, SG&A expenses, total operating expenses, operating income, net investment income, income before income taxes, effective tax rate, net income, diluted earnings per share, operating cash flow and free cash flow. Management is able to assess what it believes is a more meaningful and comparable set of financial performance measures for the Company and its business segments by using pro forma information. As a result, management compensation decisions and the review of executive compensation by the Compensation Committee of the Board of Directors focus primarily on pro forma financial measures applicable to the Company and its business segments.

Pro forma information used by management excludes the QSI segment, certain estimated share-based compensation, certain tax items related to prior years and acquired in-process R&D. The QSI segment is excluded because the Company expects to exit its strategic investments at various times, and the effects of fluctuations in the value of such investments are viewed by management as unrelated to the Company's operational performance. Estimated share-based compensation, other than amounts related to share-based awards granted under a bonus program that may result in the issuance of unrestricted shares of the Company's common stock, is excluded because management views the valuation of options and other share-based compensation as theoretical and unrelated to the Company's operational performance. Further, share-based compensation is affected by factors that are subject to change, including the Company's stock price, stock market volatility, expected option life, risk-free interest rates and expected dividend payouts in future years. Moreover, it is generally not an expense that requires or will require cash payment by the Company. Certain tax items related to prior years are excluded in order to provide a clearer understanding of the Company's ongoing tax rate and after tax earnings. Acquired in-process R&D is excluded because such expense is viewed by management as unrelated to the operating activities of the Company's ongoing core businesses.

The non-GAAP pro forma financial information presented herein should be considered in addition to, not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. In addition, "pro forma" is not a term defined by GAAP, and, as a result, the Company's measure of pro forma results might be different than similarly titled measures used by other companies. Reconciliations between total Qualcomm (GAAP) results and Qualcomm pro forma results are presented herein.

Note Regarding Forward-Looking Statements

In addition to the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ substantially from those referred to herein due to a number of factors, including but not limited to risks associated with: the rate of deployment of our technologies in wireless networks and of 3G wireless communications, equipment and services, including CDMA2000 1X, 1xEV-DO, WCDMA, HSPA and OFDMA both domestically and internationally; attacks on our business model, including results of current and future litigation and arbitration proceedings, as well as actions of governmental or quasi-governmental bodies, and the costs we incur in connection therewith, including potentially damaged relationships with customers and operators who may be impacted by the results of these proceedings; fluctuations in the demand for products, services or applications based on our technologies; our dependence on major customers and licensees; foreign currency fluctuations; strategic loans, investments and transactions the Company has or may pursue; our dependence on third-party manufacturers and suppliers; our ability to maintain and improve operational efficiencies and profitability; the development, deployment and commercial acceptance of the MediaFLO USA network and FLO(TM) technology; as well as the other risks detailed from time-to-time in the Company's SEC reports.

(C) 2008 Qualcomm Incorporated. All rights reserved. Qualcomm is a registered trademark of Qualcomm Incorporated. MediaFLO, FLO, Mobile Station Modem and MSM are trademarks of Qualcomm Incorporated. CDMA2000 is a registered trademark of the Telecommunications Industry Association. All other trademarks are the property of their respective owners.

Reconciliation of Non-GAAP Financial Measures Related to Prior Periods (In millions, except per share data) Fourth Quarter - Fiscal Year 2007 Estimated Qualcomm Share- Total Pro Based Tax Items QSI Qualcomm Segments Forma Compensation(1) (2) (3) (GAAP) Revenues $2,305 $- $- $1 $2,306 EBT 1,129 (117) - (64) 948 Net income(loss) 911 (77) 331 (34) 1,131 Diluted EPS $0.54 $(0.05) $0.20 $(0.02) $0.67 Diluted shares used 1,689 1,689 1,689 1,689 1,689 Twelve Months - Fiscal Year 2007 Estimated Qualcomm Share- Tax In- Total Pro Based Items Process Qualcomm Segments Forma Compensation(2) (2) R&D QSI (GAAP) Revenues $8,870 $- $- $- $1 $8,871 EBT 4,363 (487) - (10) (240) 3,626 Net income (loss) 3,406 (321) 364 (9) (137) 3,303 Diluted EPS $2.01 $(0.19) $0.22 $(0.01) $(0.08) $1.95 Diluted shares used 1,693 1,693 1,693 1,693 1,693 1,693 (1) Certain share-based compensation is included in operating expenses as part of employee-related costs but is not allocated to the Company's segments as such costs are not considered relevant by management in evaluating segment performance. (2) During the fourth quarter of fiscal 2007, the Company recorded a US$331 million tax benefit, or US$0.20 diluted earnings per share, related to tax expense recorded in prior years resulting from the completion of tax audits during the fourth fiscal quarter. The fiscal 2007 Qualcomm pro forma results excluded this tax benefit attributable to prior years. (3) At fiscal year-end, the sum of the quarterly tax provisions for each column, including QSI, equals the annual tax provisions for each column computed in accordance with GAAP. In interim quarters, the tax provision for the QSI operating segment is computed by subtracting the tax provision for Qualcomm pro forma, the tax items column and the tax provisions related to estimated share-based compensation and in-process R&D from the tax provision for total Qualcomm (GAAP). Sums may not equal totals due to rounding. Qualcomm Contact: John Gilbert, Investor Relations Phone: +1-858-658-4813 Email: ir@qualcomm.com

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

Qualcomm Incorporated

John Gilbert, Investor Relations, Qualcomm Incorporated, +1-858-658-4813, ir@qualcomm.com

Level 3 Reports Second Quarter 2008 ResultsFinancial and Business Highlights- Consolidated Revenue of $1.09 billion- Net Loss of $33 million, or $0.02 per share- Consolidated Adjusted EBITDA grows 30 percent year over year to $251 million- Year over year Core Communications Services revenue growth of 9 percent- Company generated positive Free Cash Flow of $4 million- Company expects to generate positive Free Cash Flow for the remainder of 2008- Company closes sale of Vyvx advertising distribution business for $129 million- Company continues to improve service activation and delivery- Project Unity deployment remains on track

BROOMFIELD, Colo., July 24 /PRNewswire-FirstCall/ -- Level 3 Communications, Inc. today reported strong second quarter results. Consolidated revenue was $1.09 billion for the second quarter 2008, an increase of 4 percent compared to $1.05 billion for the second quarter 2007. First quarter 2008 consolidated revenue was $1.09 billion.

"Our strong second quarter results reflect Core Network Services growth and our continued focus on reducing network costs and operating expenses," said James Crowe, president and CEO of Level 3. "We generated positive Free Cash Flow and now expect to be Free Cash Flow positive for the remainder of the year. And as previously announced, we expect to be Free Cash Flow positive for the full year 2009."

The net loss for the second quarter 2008 was $33 million, or $0.02 per share, including a $96 million, or $.06 per share gain on the sale of the company's Vyvx advertising distribution business. This compares to a net loss of $202 million, or $0.13 per share for the second quarter 2007 and a net loss of $181 million, or $0.12 per share for the first quarter 2008.

Consolidated Adjusted EBITDA(1) was $251 million in the second quarter 2008, a 30 percent increase from $193 million for the second quarter 2007. Consolidated Adjusted EBITDA for the first quarter 2008 was $211 million.

Core Revenue Growth and Cost Improvements Drive Substantial Improvement to Consolidated Adjusted EBITDA Metric Second Quarter Second Quarter ($ in millions) 2008 Results 2007 Results Core Communications Revenue $972 $888 Other Communications Revenue $46 $71 SBC Contract Services Revenue $54 $76 Total Communications Revenue $1,072 $1,035 Other Revenue $18 $17 Total Consolidated Revenue $1,090 $1,052 Consolidated Adjusted EBITDA (*)(**) $251 $193 Capital Expenditures $106 $170 Unlevered Cash Flow (**) $126 $(64) Free Cash Flow (**) $4 $(141) Communications Gross Margin (**) 58.8% 57.8% Communications Adjusted EBITDA Margin (**) 23.6% 18.7% * Consolidated Adjusted EBITDA for the second quarter 2008 excludes $20 million in non-cash compensation expense and includes $4 million of cash restructuring charges. Consolidated Adjusted EBITDA for the second quarter 2007 excludes $24 million in non-cash compensation expense and $1 million in non-cash impairment charges and includes $1 million of cash restructuring charges ** See schedule of non-GAAP metrics for definition and reconciliation to GAAP measures Communications Business Results Revenue

Total Communications revenue for the second quarter 2008 was $1.07 billion, a 4 percent increase from $1.04 billion in the second quarter 2007. Total Communications revenue was $1.07 billion in the first quarter 2008.

Core Communications Services

Core Communications Services revenue, which includes Core Network Services and Wholesale Voice Services, was $972 million in the second quarter 2008, an increase of 9 percent over $888 million in the second quarter 2007. Core Communications Services revenue was $958 million in the first quarter 2008. Second quarter 2008 Core Network Services revenue was $797 million, compared to $735 million in the second quarter 2007. Second quarter 2008 Wholesale Voice Services revenue was $175 million, an increase of 14 percent compared to the second quarter 2007. Wholesale Voice Services revenue was $184 million in the first quarter 2008.

Communications Revenue Quarter ended Quarter ended Percent Quarter ended ($ in millions) June 30, 2008 June 30, 2007 Change March 31, 2008 Core Network Services $797 $735 8% $774 Wholesale Voice Services $175 $153 14% $184 Total Core Communications Services $972 $888 9% $958 Other Communications Services $46 $71 (35)% $51 SBC Contract Services $54 $76 (29)% $57 Total Communications Revenue $1,072 $1,035 4% $1,066

During the second quarter, the company completed an analysis of its deferred revenue accounts and determined that deferred revenue of approximately $12 million should have been recognized as revenue in prior years. The effect on each separate prior period was not material. Accordingly, the company recognized $12 million of revenue (non-cash) in the second quarter 2008, in Core Network Services, primarily affecting the Wholesale Markets Group.

Also during the quarter, the company completed the sale of the Vyvx advertising distribution business. Second quarter 2008 revenue includes approximately $6 million in Vyvx advertising distribution business revenue, or about two months of revenue. Vyvx advertising distribution revenue was approximately $7 million and $9 million for the second quarter 2007 and first quarter 2008, respectively.

Excluding revenue from the Vyvx advertising distribution business for all periods and the benefit of the $12 million deferred revenue change, second quarter 2008 Core Communications Services revenue grew 8 percent, compared to the second quarter 2007 and 1 percent compared to the first quarter 2008. Similarly, Core Network Services revenue grew 7 percent from the second quarter 2007 and 2 percent from the first quarter 2008. This growth was primarily due to increased demand for transport and infrastructure services.

Financial Results excluding the benefit of Deferred Revenue Change and Quarter Quarter Quarter Vyvx Advertising ended ended ended Distribution Business June 30, June 30, Percent March 31, Percent ($ in millions) 2008 2007 Change 2008(1) Change Core Network Services $779 $728 7% $765 2% Wholesale Voice Services $175 $153 14% $184 (5)% Total Core Communications Services $954 $881 8% $949 1% Total Communications Revenue $1,054 $1,028 3% $1,057 0% Consolidated Adjusted EBITDA(1) $237 $191 24% $207 NA

(1) Consolidated Adjusted EBITDA for the first quarter 2008 includes a $5 million one-time benefit from the company's coal-mining operations

Core Network Services includes revenue from transport and infrastructure, IP and data services, local and enterprise voice services and Vyvx broadcast services. These services have incremental gross margins of approximately 80 percent. Customers in each of the company's four market groups buy across the Core Network Services portfolio. During the second quarter, the company signed a large multi-year nationwide long haul and metro agreement with a Content Markets Group customer.

Wholesale Voice Services includes revenue from long distance voice services, including domestic voice termination, international voice termination and toll free services, which are purchased by customers primarily in the Wholesale and European market groups. These services have incremental gross margins of approximately 30 percent. As previously indicated, the company manages Wholesale Voice Services for gross margin and as a result, revenue is expected to be volatile quarter to quarter.

Core Communications Services revenue by market group was: Percent of Second Core Communications Second Quarter Total First Services Revenue Quarter Core Communications Quarter ($ in millions) 2008 Services Revenue 2008 Wholesale Markets Group $548 56% $541 Business Markets Group $241 25% $240 Content Markets Group $100 10% $100 European Markets Group $83 9% $77 Total Core Communications Services Revenue $972 100% $958

Year over year growth was led by the European Markets Group and Content Markets Group, with both groups seeing strong demand from customers moving video and other large file size content over the Internet.

Other Communications Services

Other Communications Services revenue declined 35 percent to $46 million compared to $71 million in the second quarter 2007. Expected declines in managed modem services were the reason for the decrease. First quarter 2008 Other Communications Services revenue was $51 million.

SBC Contract Services

SBC Contract Services revenue was $54 million in the second quarter 2008, a 29 percent decline compared to the year earlier quarter revenue of $76 million. First quarter 2008 SBC Contract Services revenue was $57 million.

As previously disclosed, SBC announced its intention to migrate the services provided under the agreement to its own network facilities in accordance with terms previously negotiated by WilTel Communications, LLC (WilTel), a company subsequently acquired by Level 3. Under the terms of this agreement, SBC agreed to pay WilTel a minimum amount of gross margin regardless of the actual revenue generated under the agreement.

As of the end of the second quarter 2008, the customer satisfied the gross margin commitment for the agreement. Accordingly, beginning in the third quarter 2008, revenue attributable to the SBC contract will be reported as Other Communications Services revenue, and the SBC Contract Services category will be eliminated.

Deferred Revenue

Communications deferred revenue was $932 million at the end of the second quarter 2008, compared to $951 million at the end of the second quarter 2007. Deferred revenue at the end of the first quarter 2008 was $927 million.

Cost of Revenue

Communications cost of revenue for the second quarter 2008 was $442 million, versus $437 million in the second quarter 2007. Cost of revenue was $459 million in the first quarter 2008.

Communications Gross Margin was $630 million, or 58.8 percent in the second quarter 2008, compared to $598 million, or 57.8 percent in the second quarter 2007. For the first quarter 2008, Communications Gross Margin was $607 million or 56.9 percent.

Selling, General and Administrative (SG&A) Expense

Communications SG&A expense, including non-cash compensation expense, was $393 million for the second quarter 2008, versus $427 million for the second quarter 2007 and $418 million for the first quarter 2008. Communications SG&A includes non-cash compensation expense of $20 million, $24 million, and $23 million for the second quarter 2008, second quarter 2007 and first quarter 2008, respectively.

Excluding non-cash compensation expense, Communications SG&A was $373 million in the second quarter 2008, a 7 percent decline compared to $403 million in the second quarter 2007 and a 6 percent decline compared to $395 million in the first quarter 2008.

Adjusted EBITDA

Adjusted EBITDA for the communications business was $253 million for the second quarter 2008, a 30 percent increase compared to $194 million for the second quarter 2007. First quarter 2008 Communications Adjusted EBITDA was $205 million.

Communications Adjusted EBITDA margin was 23.6 percent in the second quarter 2008, versus 18.7 percent in the second quarter 2007 and 19.3 percent in the previous quarter.

Excluding the $12 million of previous years' deferred revenue recognized in the quarter, second quarter Communications Adjusted EBITDA was $241 million, and Communications Adjusted EBITDA margin was 22.7 percent.

Communications Adjusted EBITDA excludes non-cash compensation expense and includes severance and restructuring charges related to integration activities of $4 million, $1 million and $7 million for the second quarter 2008, second quarter 2007 and first quarter 2008, respectively. Adjusted EBITDA for the second quarter 2007 also excludes $1 million of non-cash impairment charges.

Level 3 Generates Positive Free Cash Flow; Strong Liquidity Position

During the second quarter 2008, Unlevered Cash Flow was positive $126 million, versus negative $64 million in the second quarter 2007 and negative $21 million for the previous quarter. Consolidated Free Cash Flow for the second quarter 2008 was positive $4 million, versus negative $141 million for the second quarter 2007 and negative $160 million for the first quarter 2008.

As of June 30, 2008, the company had cash and marketable securities of approximately $666 million.

Continued Operational Improvements

Level 3 continued to make operational improvements to service activation and delivery processes. Installation intervals also improved during the quarter.

Project Unity, the company's unified process and systems program, remains on track and the company generally expects to implement future releases as planned.

Sale of Vyvx Advertising Distribution Business Closes During Quarter

On June 5, 2008, the company completed the sale of its Vyvx advertising distribution business to DG FastChannel, Inc. Level 3 has retained ownership of Vyvx's core broadcast business, including the Vyvx Services Broadcast Business' content distribution capabilities.

Level 3 received gross proceeds at closing of approximately $129 million in cash. The purchase price is subject to customary working capital and certain other post-closing purchase price adjustments.

Business Outlook

"Our previous guidance for Adjusted EBITDA and Free Cash Flow included anticipated results from the Vvyx advertising distribution business," said Sunit Patel, executive vice president and CFO of Level 3. "For the second half of 2008, the Vvyx advertising distribution business was expected to contribute approximately $10 million in Adjusted EBITDA and cash flow. Our 2008 business outlook for both Core Communications Services revenue and Consolidated Adjusted EBITDA remains unchanged.

"In addition, we are raising our 2008 Free Cash Flow guidance from breakeven to positive for the remainder of the year. Our capital efficiency has also improved this year from enhancements in our supply chain that have resulted in tighter management of equipment inventory, better purchasing and improved capital recovery through the re-use of equipment already installed in the network. As a result, we believe our capital expenditures for 2008 will be 11 to 12 percent of Total Communications Revenue. For the longer term, we continue to believe that our capital expenditures will be 12 to 14 percent of Total Communications Revenue."

Summary

"We are pleased with the better than expected performance in the second quarter and with the improvement in our guidance for Free Cash Flow," said Crowe. "We remain focused on increasing sales and install rates over the remainder of 2008 and continuing to improve our already solid operating leverage through effective cost management and deploying Project Unity processes and systems."

Conference Call and Web Site Information

Level 3 will hold a conference call to discuss the company's second quarter results at 10 a.m. EDT today. The call will be broadcast live on Level 3's Web site at http://www.level3.com/. If you are unable to join the call via the Web, you may access the call at 913-312-0862 or 888-631-5928.

The call will be archived and available on Level 3's Web site at http://www.level3.com/q0208report.html, or you may access an audio replay until 12:00 a.m. EDT on Friday, August 1, 2008, by dialing 888-203-1112 or 719-457-0820 access code 9144398. For additional information please call 720- 888-2502.

The company will post an investor presentation that summarizes the financial and operational progress for the second quarter 2008 on its Web site at http://www.level3.com/investor_relations/index.html.

About Level 3 Communications

Level 3 Communications, Inc. is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver communications services with an industry-leading combination of scalability and quality, over an end-to-end fiber network. Level 3 offers a portfolio of metro and long haul services over an end-to-end fiber network, including transport, data, internet, content delivery and voice. For more information, visit http://www.level3.com/.

Level 3 Communications, Level 3, the red 3D brackets and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC and/or its affiliates in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service, product or company names recited herein are trademarks or service marks of their respective owners.

Forward-Looking Statement

Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to the company's ability to: successfully integrate acquisitions; increase the volume of traffic on the network; defend intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

1) Non-GAAP Metrics

Pursuant to Regulation G, the Company is hereby providing a reconciliation of non-GAAP financial metrics to the most directly comparable GAAP measure.

The Company provides projections that include non-GAAP metrics that the Company deems relevant to management and investors. These non-GAAP metrics are Consolidated Adjusted EBITDA, Consolidated Adjusted EBITDA Excluding the Benefit of Deferred Revenue Change and Vyvx Advertising Distribution Results, Communications Gross Margin, Communications Adjusted EBITDA Margin, Unlevered Cash Flow and Consolidated Free Cash Flow. Certain of the following reconciliations of these non-GAAP financial metrics to GAAP include forward-looking statements with respect to the information identified as a projection. Level 3 has made a number of assumptions in preparing our projections, including assumptions as to the components of financial metrics. These assumptions, including dollar amounts of the various components that comprise a financial metric, may or may not prove to be correct. We caution you that these forward-looking statements are only projections, which are subject to risks and uncertainties including technological uncertainty, financial variations, changes in the regulatory environment, industry growth and trend predictions. Please see the Company's Annual Report on Form 10-K for a description of these risks and uncertainties.

In order to provide projections with respect to non-GAAP metrics, we are required to indicate a range for GAAP measures that are components of the reconciliation of the non-GAAP metric. The provision of these ranges is in no way meant to indicate that the Company is explicitly or implicitly providing projections on those GAAP components of the reconciliation. In order to reconcile the non-GAAP financial metric to GAAP, the Company has to use ranges for the GAAP components that arithmetically add up to the non-GAAP financial metric. While the Company feels reasonably comfortable about the projections for its non-GAAP financial metrics, it fully expects that the ranges used for the GAAP components will vary from actual results. We will consider our projections of non-GAAP financial metrics to be accurate if the specific non-GAAP metric is met or exceeded, even if the GAAP components of the reconciliation are different from those provided in an earlier reconciliation.

Communications Gross Margin ($) is defined as communications revenue less communications cost of revenue from the consolidated condensed statements of operations.

Cost of Revenue for the communications business includes leased capacity, right-of-way costs, access charges and other third party circuit costs directly attributable to the network, as well as costs of assets sold. Cost of revenue also includes satellite transponder lease costs, package delivery costs and blank tape media costs attributable to the video business. Delivery costs and blank tape media costs attributable to the Vyvx advertising distribution business are included in cost of revenue through the date of the Vyvx advertising distribution business disposition on June 5, 2008. Cost of revenue does not include depreciation and amortization.

Communications Gross Margin (%) is defined as communications gross margin ($) divided by communications revenue. Management believes that communications gross margin is a relevant metric to provide to investors, as it is a metric that management uses to measure the margin available to the Company after it pays third party network services costs; in essence, a measure of the efficiency of the Company's network.

Communications Gross Margin Q208 Q108 Q207 ($ in millions) Communications Revenue $1,072 $1,066 $1,035 Communications Cost of Revenue $442 $459 $437 Communications Gross Margin ($) $630 $607 $598 Communications Gross Margin (%) 58.8% 56.9% 57.8%

Consolidated Adjusted EBITDA is defined as net income/(loss) from the consolidated condensed statements of operations before income taxes, total other income/(expense), non-cash impairment charges, depreciation and amortization and non-cash stock compensation expense.

Communications Adjusted EBITDA Margin is defined as Communications Adjusted EBITDA divided by communications revenue.

Management believes that Consolidated Adjusted EBITDA and Communications Adjusted EBITDA Margin are relevant and useful metrics to provide to investors, as they are an important part of the Company's internal reporting and are key measures used by Management to evaluate profitability and operating performance of the Company and to make resource allocation decisions. Management believes such measures are especially important in a capital-intensive industry such as telecommunications. Management also uses Consolidated Adjusted EBITDA and Communications Adjusted EBITDA Margin to compare the Company's performance to that of its competitors and to eliminate certain non-cash and non-operating items in order to consistently measure from period to period its ability to fund capital expenditures, fund growth, service debt and determine bonuses. Consolidated Adjusted EBITDA excludes non-cash impairment charges and non-cash stock compensation expense because of the non-cash nature of these items. Consolidated Adjusted EBITDA also excludes interest income, interest expense and income taxes because these items are associated with the Company's capitalization and tax structures. Consolidated Adjusted EBITDA also excludes depreciation and amortization expense because these non-cash expenses reflect the impact of capital investments which management believes should be evaluated through consolidated free cash flow. Consolidated Adjusted EBITDA excludes the gain on sale of business group and other, net because these items are not related to the primary operations of the Company.

There are limitations to using non-GAAP financial measures, including the difficulty associated with comparing companies that use similar performance measures whose calculations may differ from the Company's calculations. Additionally, this financial measure does not include certain significant items such as interest income, interest expense, income taxes, depreciation and amortization, non-cash impairment charges, non-cash stock compensation expense, the gain on sale of business group and net other income/(expense). Consolidated Adjusted EBITDA and Communications Adjusted EBITDA Margin should not be considered a substitute for other measures of financial performance reported in accordance with GAAP.

Consolidated Adjusted EBITDA Excluding the Benefit of Deferred Revenue Change and Vyvx Advertising Distribution Results is defined as Consolidated Adjusted EBITDA less the benefit of deferred revenue that should have been recognized in prior years and less the Vyvx advertising distribution business Adjusted EBITDA. In addition to the factors described above in "Communications Adjusted EBITDA Margin", management believes that Consolidated Adjusted EBITDA Excluding the Benefit of Deferred Revenue Change and Vyvx Advertising Distribution Results is a relevant and useful profitability and operating performance metric for management and investors to exclude the effect of non-recurring items.

Consolidated Adjusted EBITDA Three Months Ended June 30, 2008 Communications Other Consolidated ($ in millions) Net Earnings (Loss) ($29) ($4) ($33) Income Tax (Benefit) Expense $1 $-- $1 Total Other (Income) Expense $29 $-- $29 Non-Cash Impairment Charge $-- $-- $-- Depreciation and Amortization Expense $232 $2 $234 Non-Cash Stock Compensation Expense $20 $-- $20 Consolidated Adjusted EBITDA $253 ($2) $251 Consolidated Adjusted EBITDA Three Months Ended March 31, 2008 Communications Other Consolidated ($ in millions) Net Earnings (Loss) ($187) $6 ($181) Income Tax (Benefit) Expense $2 $1 $3 Total Other (Income) Expense $128 ($2) $126 Non-Cash Impairment Charge $-- $-- $-- Depreciation and Amortization Expense $239 $1 $240 Non-Cash Stock Compensation Expense $23 $-- $23 Consolidated Adjusted EBITDA $205 $6 $211 Consolidated Adjusted EBITDA Three Months Ended June 30, 2007 Communications Other Consolidated ($ in millions) Net Earnings (Loss) ($199) ($3) ($202) Income Tax (Benefit) Expense $-- $-- $-- Total Other (Income) Expense $123 $-- $123 Non-Cash Impairment Charge $1 $-- $1 Depreciation and Amortization Expense $245 $2 $247 Non-Cash Stock Compensation Expense $24 $-- $24 Consolidated Adjusted EBITDA $194 ($1) $193 Consolidated Adjusted EBITDA Excluding the Benefit of Deferred Revenue Change and Vyvx Advertising Distribution Results ($ in millions) Q208 Q108 Q207 Consolidated Adjusted EBITDA $251 $211 $193 Benefit of Deferred Revenue Change ($12) $-- $-- Vyvx Advertising Distribution Adjusted EBITDA ($2) ($4) ($2) Consolidated Adjusted EBITDA Excluding the Benefit of Deferred Revenue Change and Vyvx Advertising Distribution Results $237 $207 $191 Communications Adjusted EBITDA Margin Q208 Q108 Q207 ($ in millions) Communications Revenue $1,072 $1,066 $1,035 Communications Adjusted EBITDA $253 $205 $194 Communications Adjusted EBITDA Margin 23.6% 19.3% 18.7% Projected Consolidated Adjusted EBITDA Twelve Months Ended December 31, 2008 Consolidated ($ in millions) Range Low High Net Earnings (Loss) $(550) $(350) Total Other (Income) Expense $440 $410 Depreciation and Amortization Expense $940 $900 Non-Cash Stock Compensation Expense $120 $140 Consolidated Adjusted EBITDA $950 $1,100

Unlevered Cash Flow is defined as net cash provided by (used in) operating activities less capital expenditures, plus cash interest paid and less interest income all as disclosed in the condensed consolidated statements of cash flows or the condensed consolidated statements of operations. Management believes that Unlevered Cash Flow is a relevant metric to provide to investors, as it is an indicator of the operational strength and performance of the Company and, measured over time, provides management and investors with a sense of the growth pattern of the business.

There are material limitations to using Unlevered Cash Flow to measure the Company against some of its competitors as it excludes certain material items such as cash used for acquisitions, proceeds from the sale of a business group, payments on and repurchases of long-term debt, capital expenditures and interest expense. Level 3 does not currently pay a significant amount of income taxes due to net operating losses, and therefore, generates higher cash flow than a comparable business that does pay income taxes. Additionally, this financial measure is subject to variability quarter over quarter as a result of the timing of payments related to accounts receivable and accounts payable and capital expenditures. Unlevered Cash Flow should not be used as a substitute for net change in cash and cash equivalents on the condensed consolidated statements of cash flows.

Consolidated Free Cash Flow is defined as net cash provided by (used in) operating activities less capital expenditures as disclosed in the condensed consolidated statements of cash flows. Management believes that Consolidated Free Cash Flow is a relevant metric to provide to investors, as it is an indicator of the Company's ability to generate cash to service its debt. Consolidated Free Cash Flow excludes cash used for acquisitions and principal repayments.

There are material limitations to using Consolidated Free Cash Flow to measure the Company against some of its competitors as Level 3 does not currently pay a significant amount of income taxes due to net operating losses, and therefore, generates higher cash flow than a comparable business that does pay income taxes. Additionally, this financial measure is subject to variability quarter over quarter as a result of the timing of payments related to accounts receivable and accounts payable and capital expenditures. This financial measure should not be used as a substitute for net change in cash and cash equivalents on the condensed consolidated statements of cash flows.

Unlevered Cash Flow and Consolidated Free Cash Flow Unlevered Consolidated Three Months Ended June 30, 2008 Cash Flow Free Cash Flow ($ in millions) Net Cash Provided by Operating Activities $110 $110 Capital Expenditures ($106) ($106) Cash Interest Paid $125 N/A Interest Income ($3) N/A Total $126 $4 Unlevered Cash Flow and Consolidated Free Cash Flow Three Months Ended March 31, 2008 Unlevered Consolidated Cash Flow Free Cash Flow ($ in millions) Net Cash Used in Operating Activities ($47) ($47) Capital Expenditures ($113) ($113) Cash Interest Paid $145 N/A Interest Income ($6) N/A Total ($21) ($160) Unlevered Cash Flow and Consolidated Free Cash Flow Three Months Ended June 30, 2007 Unlevered Consolidated Cash Flow Free Cash Flow ($ in millions) Net Cash Provided by Operating Activities $29 $29 Capital Expenditures ($170) ($170) Cash Interest Paid $89 N/A Interest Income ($12) N/A Total ($64) ($141) LEVEL 3 COMMUNICATIONS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations (unaudited) Three Months Ended (dollars in millions, except share June 30, March 31, June 30, and per share data) 2008 2008 2007 Revenue: Communications $1,072 $1,066 $1,035 Other 18 26 17 Total Revenue 1,090 1,092 1,052 Costs and Expenses (exclusive of depreciation and amortization shown separately below): Cost of Revenue 460 475 454 Depreciation and Amortization 234 240 247 Selling, General and Administrative, including non-cash compensation of $20, $23 and $24, respectively 395 422 428 Restructuring Charges, including non-cash impairment charges of $-, $- and $1, respectively 4 7 2 Total Costs and Expenses 1,093 1,144 1,131 Operating Loss (3) (52) (79) Other Income (Expense): Interest Income 3 6 12 Interest Expense (132) (135) (138) Gain on Sale of Business Group 96 - - Other, net 4 3 3 Total Other Income (Expense) (29) (126) (123) Loss Before Income Taxes (32) (178) (202) Income Tax Expense (1) (3) - Net Loss $(33) $(181) $(202) Loss per Share (Basic and Diluted) $(0.02) $(0.12) $(0.13) Weighted Average Shares Outstanding (in thousands): Basic and Diluted 1,552,778 1,541,872 1,529,614 LEVEL 3 COMMUNICATIONS, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (unaudited) June 30, March 31, December 31, (dollars in millions) 2008 2008 2007 Assets Current Assets: Cash and cash equivalents $661 $533 $714 Marketable securities 5 7 9 Restricted securities 5 8 10 Accounts receivable, less allowances of $20, $22 and $20, respectively 427 425 404 Other 119 110 88 Total Current Assets 1,217 1,083 1,225 Property, Plant and Equipment, net 6,507 6,616 6,669 Restricted Securities 119 119 117 Goodwill and Other Intangibles, net 2,031 2,079 2,101 Other Assets, net 125 131 142 Total Assets $9,999 $10,028 $10,254 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable $323 $346 $396 Current portion of long-term debt 6 7 32 Accrued payroll and employee benefits 85 73 97 Accrued interest 118 115 128 Current portion of deferred revenue 178 170 175 Other 126 134 144 Total Current Liabilities 836 845 972 Long-Term Debt, less current portion 6,829 6,831 6,832 Deferred Revenue, less current portion 754 757 763 Other Liabilities 612 657 617 Stockholders' Equity 968 938 1,070 Total Liabilities and Stockholders' Equity $9,999 $10,028 $10,254 LEVEL 3 COMMUNICATIONS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (unaudited) Three Months Ended June 30, March 31, June 30, (dollars in millions) 2008 2008 2007 Cash Flows from Operating Activities: Net loss $(33) $(181) $(202) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 234 240 247 Gain on sale of business group (96) - - Gain on sale of property, plant and equipment, and other assets - (1) (1) Non-cash compensation expense attributable to stock awards 20 23 24 Amortization of debt issuance costs 4 4 4 Accreted interest on discount debt - - 6 Accrued interest on long-term debt 3 (14) 39 Changes in working capital items net of amounts acquired: Receivables (2) (20) (7) Other current assets (10) (22) (8) Payables (25) (52) (66) Deferred revenue 7 (17) 3 Other current liabilities 10 (15) (15) Other (2) 8 5 Net Cash Provided by (Used in) Operating Activities 110 (47) 29 Cash Flows from Investing Activities: Capital expenditures (106) (113) (170) Proceeds from sale of property, plant and equipment and other assets - 2 - Proceeds from sale of business group, net 123 - - Proceeds from sale and maturity of marketable securities - - 8 (Increase) decrease in restricted cash and securities, net 2 - (3) Acquisitions, net of cash acquired - - 4 Net Cash Provided by (Used in) Investing Activities 19 (111) (161) Cash Flows from Financing Activities: Payments on and repurchases of long- term debt and other (2) (26) (14) Proceeds from warrants and stock- based equity plans - - 1 Net Cash Used in Financing Activities (2) (26) (13) Effect of Exchange Rates on Cash and Cash Equivalents 1 3 - Net Change in Cash and Cash Equivalents 128 (181) (145) Cash and Cash Equivalents at Beginning of Period 533 714 884 Cash and Cash Equivalents at End of Period $661 $533 $739 Supplemental Disclosure of Cash Flow Information: Cash interest paid $125 $145 $89 Total Cash and Marketable Securities $666 $540 $807

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CONTACT: Media, Chris Hardman, +1-720-888-2292, or Kimberly Tulp,
+1-720-888-3675, or Investors, Robin Grey, +1-720-888-2518, Valerie Finberg,
+1-720-888-2501

Web site: http://www.level3.com/

Integral Systems Announces Financial Results for the Third Quarter of Fiscal Year 2008Revenue grew 17% - Management outlook for the fiscal year remains strong

LANHAM, Md., July 24 /PRNewswire-FirstCall/ -- Integral Systems, Inc. ("Company") today reported financial results for the third quarter of fiscal 2008. Revenue for the quarter was $41.8 million, up $5.9 million or 16.5% from the third quarter of fiscal 2007. Third quarter income from operations was $7.1 million compared to $5.3 million for the third quarter of the last fiscal year, and net income was $4.7 million ($0.55 per diluted share) compared to $3.8 million ($0.34 per diluted share) for the third quarter of fiscal 2007.

The third quarter results reflect what management believes to be solid financial performance and growth in the Company's Space Communications Systems segment and the Company's Government Ground Systems segment. Gross profit and operating income grew significantly in these operating segments as a result of higher revenue and lower overhead support costs. Our Commercial Ground Systems segment was affected by higher legal and support costs to support their international operations.

These results add to an excellent first half of the year, resulting in a 34.2% increase in the year-to-date revenue of $124.0 million compared to $92.3 million for the same period in 2007. "We have significant momentum going into the fourth quarter of this year and the beginning of the next fiscal year," commented John Higginbotham, Chief Executive Officer. "This momentum, combined with our excellent financial resources, allows us to focus on strategic growth initiatives that will continue to drive value for our shareholders."

The results for the nine months ended June 30, 2008 include a large amount of license revenue generated from the GPS OCX contract in the first quarter and recovery of R&D tax credits from prior years that was recorded in the first quarter as well. Revenue and operating income is expected to be higher in 2008 as a result of these two factors as well as continuing higher demand for the Company's products and services, particularly with the Air Force and national programs, partially offset by higher costs for investments in R&D efforts and infrastructure developments. The Company had a lower number of outstanding shares in 2008 than 2007 due to recent share repurchases. As a result of all of these factors, management is increasing the Company's earnings projection for fiscal 2008 to approximately $2.15 on a per share basis. Included in this projection is the estimated financial impact of equity awards to management and directors projected to be granted in the fourth quarter.

As one of its strategic initiatives, the Company is considering filing a universal shelf registration statement with the Securities and Exchange Commission to facilitate the raising of capital over the next three years.

Mr. Higginbotham and Mr. Bambarger, the Company's Chief Executive Officer and Chief Financial Officer, respectively, will host a conference call today, July 24, 2008 at 11:30 a.m. Eastern Daylight Time (EDT) to discuss this earnings release and other Company business. To participate or listen to the call, dial 800-950-3502, ID number 21388733. An audio recording of the quarterly conference call will be available starting two hours after the start of the live broadcast. The audio recording will remain available until 12:00 p.m. EDT on July 26, 2008 and can be obtained by calling 800-633-8284, ID number 21388733. The audio recording will also be made available on Integral's web site at http://www.integ.com/.

About Integral Systems

Founded in 1982, Integral Systems is a leading provider of satellite ground systems and has supported more than 205 different satellite missions for communications, science, meteorological, and earth resource applications. Integral Systems was the first company to offer an integrated suite of Commercial-Off-the-Shelf (COTS) software products for satellite command and control: the EPOCH Integrated Product Suite (IPS) product line. EPOCH IPS has become the world market leader in commercial applications with successful installations on five continents.

Through its wholly-owned subsidiary, SAT Corporation, Integral Systems provides satellite and terrestrial communications signal monitoring systems to satellite operators and users throughout the world. Through its Newpoint Technologies, Inc., subsidiary, Integral Systems also provides software for equipment monitoring and control to satellite operators, broadcasters, and telecommunications firms. Integral Systems' RT Logic subsidiary builds telemetry processing systems for military applications, including tracking stations, control centers, and range operations. Integral Systems' Lumistar, Inc., subsidiary provides system- and board-level telemetry acquisition products. Integral Systems has approximately 500 employees working at its headquarters in Lanham, MD, and at other locations in the U.S. and Europe. For more information, visit http://www.integ.com/.

Except for statements of historical facts, this news release contains forward-looking statements about the Company, including but not necessarily limited to the Company's financial projections, all of which are based on the Company's current expectations. There can be no assurance that the Company's projections will in fact be achieved and these projections do not reflect any acquisitions or divestitures that may occur in the future. The forward- looking statements contained in this news release are subject to additional risks and uncertainties, including the Company's reliance on contracts and subcontracts funded by the U.S. government, intense competition in the ground systems industry, the competitive bidding process to which the Company's government and commercial contracts are subject, the Company's dependence on the satellite industry for most of its revenues, rapid technological changes in the satellite industry, the Company's acquisition strategy and those other risks noted in the Company's SEC filings. The Company assumes no obligation to update or revise any forward-looking statements appearing in this news release.

Nothing in this release constitutes an offer of any security for sale. INTEGRAL SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands of dollars, except share amounts) June 30, September 30, 2008 2007 (Unaudited) Assets Current assets: Cash and cash equivalents $7,948 $23,894 Marketable securities, net 429 568 Accounts receivable, net of allowance for doubtful accounts 21,524 19,267 Cost and estimated earnings in excess of billings on uncompleted contracts 30,585 16,530 Prepaid expenses 630 1,464 Inventory 6,022 5,145 Other current assets 2,667 1,664 Total current assets 69,805 68,532 Property and equipment, net 17,177 15,234 Goodwill 51,304 51,304 Intangible assets, net 13 22 Software development costs, net 49 198 Other assets 822 771 Total assets $139,170 $136,061 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $7,230 $9,416 Accrued expenses 12,647 8,948 Billings in excess of revenue for contracts in progress 15,421 11,150 Total current liabilities 35,298 29,514 Other non-current liabilities 66 - Total liabilities 35,364 29,514 Stockholders' equity: Common stock, $.01 par value, 40,000,000 shares authorized, and 8,538,517 and 9,381,172 shares issued and outstanding at June 30, 2008 and September 30, 2007, respectively 85 94 Additional paid-in capital 58,898 60,907 Retained earnings 44,777 45,537 Accumulated other comprehensive income 46 9 Total stockholders' equity 103,806 106,547 Total liabilities and stockholders' equity $139,170 $136,061 INTEGRAL SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands of dollars, except per share amounts) Three Months Ended Nine Months Ended June 30, June 30, 2008 2007 2008 2007 (Unaudited) (Unaudited) Revenue $41,797 $35,872 $123,959 $92,307 Cost of revenue 26,221 24,056 80,838 62,683 Gross profit 15,576 11,816 43,121 29,624 Operating Expenses SG&A 8,092 5,830 20,177 16,709 Research & development 385 662 1,713 1,636 Intangible asset amortization 3 40 8 159 Total Operating Expenses 8,480 6,532 21,898 18,504 Income from operations 7,096 5,284 21,223 11,120 Other income 63 460 263 1,093 Income before income tax 7,159 5,744 21,486 12,213 Provision for income taxes 2,453 1,926 5,784 4,194 Net income $4,706 $3,818 $15,702 $8,019 Weighted average number of common shares - Basic 8,490 11,168 8,969 11,111 Earnings per share - Basic $0.55 $0.34 $1.75 $0.72 Weighted average number of common shares - Diluted 8,569 11,203 8,986 11,149 Earnings per share - Diluted $0.55 $0.34 $1.75 $0.72 Cash dividends per share $- $0.07 $- $0.21 INTEGRAL SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands of dollars, except per share amounts) Three Months Ended Nine Months Ended June 30, June 30, 2008 2007 2008 2007 Revenue: Ground Systems - Government $23,331 $20,388 $67,517 $49,517 Ground Systems - Commercial 6,962 5,998 21,343 17,731 Space Communication Systems 15,554 11,477 41,880 30,585 Elimination of intersegment sales (4,050) (1,991) (6,781) (5,526) Total revenue 41,797 35,872 123,959 92,307 Cost of revenue: Ground Systems - Government 15,887 16,017 48,923 39,826 Ground Systems - Commercial 5,460 3,193 14,007 10,381 Space Communication Systems 9,062 6,837 24,841 18,000 Elimination of intersegment cost (4,188) (1,991) (6,933) (5,524) Total cost of revenue 26,221 24,056 80,838 62,683 Gross profit: Ground Systems - Government 7,444 4,371 18,594 9,691 Gross Margin 31.9% 21.4% 27.5% 19.6% Ground Systems - Commercial 1,502 2,805 7,336 7,350 Gross Margin 21.6% 46.8% 34.4% 41.5% Space Communication Systems 6,492 4,640 17,039 12,585 Gross Margin 41.7% 40.4% 40.7% 41.1% Corporate and elimination of intersegment sales 138 - 152 (2) Total gross profit 15,576 11,816 43,121 29,624 Gross Margin 37.3% 32.9% 34.8% 32.1% Operating expense: Ground Systems - Government 4,653 2,273 9,524 5,742 Ground Systems - Commercial 931 1,609 3,744 3,990 Space Communication Systems 2,820 2,122 7,058 5,981 Selling, general & administrative expense and intersegment sales 76 528 1,572 2,791 Total operating expense 8,480 6,532 21,898 18,504 Operating income: Ground Systems - Government 2,791 2,098 9,070 3,949 Operating margin 12.0% 10.3% 13.4% 8.0% Ground Systems - Commercial 571 1,196 3,592 3,360 Operating margin 8.2% 19.9% 16.8% 18.9% Space Communication Systems 3,672 2,518 9,981 6,604 Operating margin 23.6% 21.9% 23.8% 21.6% Selling, general & administrative expense 62 (528) (1,420) (2,793) Total operating income 7,096 5,284 21,223 11,120 Operating margin 17.0% 14.7% 17.1% 12.0%

Integral Systems, Inc.

CONTACT: William M. Bambarger, Jr., Chief Financial Officer, Integral
Systems, Inc., +1-301-731-4233, ext. 1244, +1-301-731-3183 (fax); Media, Shany
Seawright, Strategic Communications Group, +1-240-485-1081,
sseawright@gotostrategic.com

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

/C O R R E C T I O N -- AU Optronics Corp./

In the news release, "AU Optronics Corp. Reports 2Q2008 Results", issued by AU Optronics Corp. (TAIEX: 2409; NYSE: AUO) over Xinhua PR Newswire earlier today, we are advised by the Company that second bullet point should read "Net income: NT$20.39 billion (US$ 672 million)*" rather than "Net income after tax: NT$20.39 billion (US$ 672 million)*" and that the end of the first paragraph should read "and basic EPS NT$5.98 per common share (US$1.97 per ADR.)" rather than "and basic EPS NT$5.98 per common share (US$59.77 per ADR.)", as originally issued inadvertently. The full correct release follows:

AU Optronics Corp. Reports 2Q2008 Results HSINCHU, Taiwan, July 24 /Xinhua-PRNewswire-FirstCall/ -- AUO Second Quarter 2008 Unaudited Consolidated Financial Highlights: -- Revenue: NT$123.48 billion (US$ 4.1 billion*), 9.6% QoQ decline* -- Net income: NT$20.39 billion (US$ 672 million)* -- Basic Earnings per Share: NT$2.57 (or US$0.84 per ADR) * -- Gross margin: 25%, Operating margin: 19.5%

AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its second quarter 2008 unaudited consolidated revenue of NT$123.48 billion and net income of NT$20.39 billion, which attributable to equity holders of the parent company was NT$20.17 billion. And, basic EPS equaled NT$2.57 per common share (US$ 0.84 per ADR). For the first half year ended June 30, 2008, AUO's consolidated revenues totaled NT$260.106 billion (US$8.57 billion), net income NT$47.4 billion (US$1,561million), and basic EPS NT$5.98 per common share (US$1.97 per ADR.)

The company shipped large-sized panel of 21.85 million units, a 0.8% sequentially decreased but a 12% YoY increase. Small- and medium-sized panel shipments amounted to 41.88 million, increased 11.1% QoQ and 29.9% YoY respectively.

Mr. Max Cheng, CFO and Spokesperson of AUO noted that owing to the slow season and uncertainties of the current macro environment, shipments and ASP in both IT and TV panels were lower than its previous expectations. However, AUO not only adjusted the product portfolio to meet with the changes of market demand, but also cautiously managed its inventory level (including raw materials, work-in-progress and finish goods) to be at around 40 days. Therefore, AUO was able to report its gross margin and operating margin of 25.0% and 19.5% respectively, and net income of NT$ 20.4 billion, a substantial improvement from NT 5.9 billion in 2Q2007. As a result, AUO continuously reduced the debt ratio and strengthened its financial structure to cope with any unexpected challenges in the future.

* Amounts converted by an exchange rate of NTD30.36:USD1 as of June 30, 2008. * All financial information was unaudited and was prepared by the Company in accordance with generally accepted accounting principles in Taiwan ("ROC GAAP") About AU Optronics

AU Optronics Corp. ("AUO") is the world's 2nd largest manufacturer* of large-sized thin film transistor liquid crystal display panels ("TFT-LCD"), with approximately 20%* of global market share in 1Q/2008 and revenues of NT$480.2 billion (US$14.81billion)* in 2007. TFT-LCD technology is currently the most widely used flat panel display technology. Targeted for 40"+ sized LCD TV panels, AUO's new generation (7.5-generation) fabrication facility production started mass production in the fourth quarter of 2006. The Company currently operates one 7.5-generation, two 6th-generation, four 5th-generation, one 4th-generation, and four 3.5-generation TFT-LCD fabs, in addition to eight module assembly facilities and the AUO Technology Center specializes in new technology platform and new product development. AUO is one of few top-tier TFT-LCD manufacturers capable of offering a wide range of small- to large-sized (1.5"-65") TFT-LCD panels, which enables it to offer a broad and diversified product portfolio.

* DisplaySearch 1Q2008 WW Large-Area TFT-LCD Shipment Report dated Apr 24, 2008. This data is used as reference only and AUO does not make any endorsement or representation in connection therewith. 2007 year end revenue converted by an exchange rate of NTD32.43:USD1. Safe Harbour Notice

AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO), the world's third largest manufacturer of large-size TFT-LCD panels, today announced the above news. Except for statements in respect of historical matters, the statements contained in this Release are "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements were based on our management's expectations, projections and beliefs at the time regarding matters including, among other things, future revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification, future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including risks related to the flat panel display industry, the TFT-LCD market, acceptance and demand for our products, technological and development risks, competitive factors, and other risks described in the section entitled "Risk Factors" in our Form 20-F filed with the United States Securities and Exchange Commission on December 31, 2006.

For more information, please contact: Fiona Chiu Corporate Communications Dept AU Optronics Corp Tel: +886-3-500-8899 x3206 Fax: +886-3-577-2730 Email: fiona.chiu@auo.com Yawen Hsiao Corporate Communications Dept. AU Optronics Corp. Tel: +886-3-500-8899 x3211 Fax: +886-3-5772730 Email: yawen.hsiao@auo.com

AU Optronics Corp.

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

Qualcomm Announces Financial Guidance for the Fourth Fiscal Quarter and Fiscal Year Ending September 28, 2008Raises Fiscal 2008 Revenue and Earnings Guidance

SAN DIEGO, July 24 /PRNewswire-FirstCall/ -- Qualcomm Incorporated today announced its financial guidance for the fourth fiscal quarter and fiscal year ending September 28, 2008.

The following statements are forward looking and actual results may differ materially. Please see "Note Regarding Forward-Looking Statements" at the end of this news release for a description of certain risk factors and Qualcomm's annual and quarterly reports on file with the Securities and Exchange Commission (SEC) for a more complete description of risks that may affect the forward-looking statements.

Pro Forma Defined

Pro forma results and guidance exclude the Qualcomm Strategic Initiatives (QSI) segment, certain estimated share-based compensation, certain tax items related to prior years and acquired in-process research and development (R&D) expense.

Business Outlook

Based on the current business outlook, and prior to accounting for the recently announced Nokia settlement agreement, we anticipate fourth fiscal quarter Qualcomm pro forma revenues to be approximately $2.5 to $2.7 billion and Qualcomm pro forma diluted earnings per share (EPS) to be approximately $0.49 to $0.51. Our current estimate is based on the shipment of approximately 84 to 87 million Mobile Station Modem(TM) (MSM(TM)) chips during the quarter, compared to approximately 68 million MSM chips shipped during the year ago quarter. We estimate June quarter shipments of approximately 114 to 118 million CDMA devices (CDMA2000(R) and WCDMA) at an estimated average selling price of approximately $215 per unit. Approximately 89 million CDMA devices were shipped in the year ago quarter.

We anticipate fiscal 2008 Qualcomm pro forma revenues to be approximately $10.3 to $10.5 billion and Qualcomm pro forma diluted EPS to be approximately $2.11 to $2.13. We are at an early stage of working through the mechanics of the Nokia settlement agreement. At this early stage, our preliminary estimate of incremental diluted EPS is approximately $0.07 to $0.13.

"Global demand for 3G continues at a rapid pace as consumers, operators and manufacturers benefit from a wide variety of competitively priced, feature-rich devices," said Dr. Paul E. Jacobs, chief executive officer of Qualcomm. "In calendar year 2008, we continue to see approximately 30 percent year-over-year growth for CDMA-based device shipments. The fundamental drivers of our business remain strong, and we are raising our fiscal 2008 revenue and earnings per share estimates."

Due to their nature, certain income and expense items, such as realized investment gains or losses, gains and losses on certain derivative instruments or asset impairments, cannot be accurately forecast. Accordingly, we exclude forecasts of such items from our business outlook, and actual results may vary materially from the business outlook if we incur any such income or expense items. In addition, our outlook does not include provisions for the consequences of injunctions or significant possible damages or costs related to litigation matters, unless damages have been awarded by a court.

As previously announced, we have entered into a new agreement with Nokia enabling both companies to make and sell products implementing the major wireless cellular standards, including 3G and 4G standards, as well as settling all litigation between the companies. In addition, Nokia is withdrawing its complaint to the European Commission.

We continue to be engaged in litigation with Broadcom Corporation in various forms. As previously disclosed, we have included our estimate of the impact of the ruling by the Federal District Court in Santa Ana, Calif. in our outlook for fiscal 2008.

The following table summarizes total Qualcomm (GAAP) and Qualcomm pro forma guidance for the fourth fiscal quarter and fiscal 2008 based on the current business outlook. The pro forma business outlook provided below is presented consistent with the presentation of pro forma results elsewhere herein.

The following estimates are approximations and are based on the current business outlook:

Business Outlook Summary FOURTH FISCAL QUARTER Current Guidance Estimated Q4'07 Q4'08 Nokia Q4'08 Results(2) Estimates(3)(5) EPS Impact (5) Qualcomm Pro Forma Revenues $2.31B $2.5B - $2.7B Year-over-year change increase 8% - 17% Diluted earnings per share (EPS) $0.54 $0.49 - $0.51 $0.07 - $0.13 Year-over-year change decrease 6% - 9% Total Qualcomm (GAAP) Revenues $2.31B $2.5B - $2.7B Year-over-year change increase 8% - 17% Diluted earnings per share (EPS) $0.67 $0.39 - $0.41 $0.07 - $0.13 Year-over-year change decrease 39% - 42% Diluted EPS attributable to QSI ($0.02) ($0.04) Diluted EPS attributable to estimated share- based compensation ($0.05) ($0.06) Diluted EPS attributable to certain tax items related to prior years $0.20 n/a Metrics MSM shipments approx. 68M approx. 84M - 87M approx. 84M - 87M CDMA/WCDMA devices shipped (1) approx. 89M* approx. 114M - 118M* approx. 114M - 118M* CDMA/WCDMA device wholesale average selling price (1) approx. $218* approx. $215* approx. $215* * Shipments in June quarter, reported in September quarter FISCAL YEAR Prior Guidance Current Guidance Estimated FY 2007 FY 2008 FY 2008 Nokia FY 2008 Results(2) Estimates(3)(4) Estimates(3)(5) EPS Impact(5) Qualcomm Pro Forma Revenues $8.87B $10.0B - $10.4B $10.3B - $10.5B Year-over-year change increase 13% - 17% increase 16% - 18% Diluted earnings per share (EPS) $2.01 $2.04 - $2.09 $2.11 - $2.13 $0.07 - $0.13 Year-over-year change increase 1% - 4% increase 5% - 6% Total Qualcomm (GAAP) Revenues $8.87B $10.0B - $10.4B $10.3B - $10.5B Year-over- year change increase 13% - 17% increase 16% - 18% Diluted earnings per share (EPS) $1.95 $1.71 - $1.76 $1.77 - $1.79 $0.07 - $0.13 Year-over-year change decrease 10% - 12% decrease 8% - 9% Diluted EPS attributable to QSI ($0.08) ($0.11) ($0.11) Diluted EPS attributable to estimated share- based compensation ($0.19) ($0.22) ($0.22) Diluted EPS attributable to in-process R&D ($0.01) $0.00 ($0.01) Diluted EPS attributable to tax items related to prior years $0.22 n/a n/a Metrics Fiscal year* CDMA/WCDMA device wholesale average selling price(1) approx. $214 approx. $217 approx. $219 approx. $219 * Shipments in Sept. to June quarters, reported in Dec. to Sept. quarters CALENDAR YEAR Device Estimates (1) Prior Guidance Current Guidance CDMA/WCDMA device Calendar 2007 Calendar 2008 Calendar 2008 shipments Estimates Estimates Estimates March quarter approx. 86M approx. 105M - 109M approx. 107M June quarter approx. 89M not provided approx. 114M - 118M September quarter approx. 95M not provided not provided December quarter approx. 112M not provided not provided Calendar year range(approx.) 382M 488M - 518M 488M - 518M Midpoint Midpoint Midpoint CDMA/WCDMA units approx. 382M approx. 503M approx. 503M CDMA units approx. 209M approx. 223M approx. 229M WCDMA units approx. 173M approx. 280M approx. 274M (1) CDMA/WCDMA device shipments and average selling prices are for estimated worldwide device shipments, including shipments not reported to Qualcomm. (2) Our Q4'07 and fiscal 2007 results do not include royalty revenues attributable to Nokia's sales after April 9, 2007. (3) We have excluded from our fiscal 2008 revenue and earnings guidance our estimate of royalties related to Nokia's sales. (4) Prior guidance for fiscal 2008 presented above is as of April 23, 2008. On June 12, 2008, we updated fiscal year 2008 diluted EPS guidance to approx. $2.09 - $2.13 for Qualcomm pro forma and approx. $1.75 - $1.79 for total Qualcomm (GAAP). (5) Our fourth fiscal quarter and fiscal 2008 guidance excludes the incremental benefit of approximately $0.07 to $0.13 diluted EPS related to our agreement with Nokia as we are still working through some of the terms of the agreement before we can make a final determination regarding the amount and timing of revenue recognition. Sums may not equal totals due to rounding.

Qualcomm Incorporated (http://www.qualcomm.com/) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2008 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.

Note Regarding Use of Non-GAAP Financial Measures

The Company presents pro forma financial information that is used by management (i) to evaluate, assess and benchmark the Company's operating results on a consistent and comparable basis, (ii) to measure the performance and efficiency of the Company's ongoing core operating businesses, including the Qualcomm CDMA Technologies, Qualcomm Technology Licensing and Qualcomm Wireless & Internet segments and (iii) to compare the performance and efficiency of these segments against each other and against competitors outside the Company. Pro forma measurements of the following financial data are used by the Company's management: revenues, R&D expenses, SG&A expenses, total operating expenses, operating income, net investment income, income before income taxes, effective tax rate, net income, diluted earnings per share, operating cash flow and free cash flow. Management is able to assess what it believes is a more meaningful and comparable set of financial performance measures for the Company and its business segments by using pro forma information. As a result, management compensation decisions and the review of executive compensation by the Compensation Committee of the Board of Directors focus primarily on pro forma financial measures applicable to the Company and its business segments.

Pro forma information used by management excludes the QSI segment, certain estimated share-based compensation, certain tax items related to prior years and acquired in-process R&D. The QSI segment is excluded because the Company expects to exit its strategic investments at various times, and the effects of fluctuations in the value of such investments are viewed by management as unrelated to the Company's operational performance. Estimated share-based compensation, other than amounts related to share-based awards granted under a bonus program that may result in the issuance of unrestricted shares of the Company's common stock, is excluded because management views the valuation of options and other share-based compensation as theoretical and unrelated to the Company's operational performance. Further, share-based compensation is affected by factors that are subject to change, including the Company's stock price, stock market volatility, expected option life, risk-free interest rates and expected dividend payouts in future years. Moreover, it is generally not an expense that requires or will require cash payment by the Company. Certain tax items related to prior years are excluded in order to provide a clearer understanding of the Company's ongoing tax rate and after tax earnings. Acquired in-process R&D is excluded because such expense is viewed by management as unrelated to the operating activities of the Company's ongoing core businesses.

The non-GAAP pro forma financial information presented herein should be considered in addition to, not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. In addition, "pro forma" is not a term defined by GAAP, and, as a result, the Company's measure of pro forma results might be different than similarly titled measures used by other companies. Reconciliations between total Qualcomm (GAAP) results and Qualcomm pro forma results are presented herein.

Note Regarding Forward-Looking Statements

In addition to the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ substantially from those referred to herein due to a number of factors, including but not limited to risks associated with: the rate of deployment of our technologies in wireless networks and of 3G wireless communications, equipment and services, including CDMA2000 1X, 1xEV-DO, WCDMA, HSPA and OFDMA both domestically and internationally; attacks on our business model, including results of current and future litigation and arbitration proceedings, as well as actions of governmental or quasi-governmental bodies, and the costs we incur in connection therewith, including potentially damaged relationships with customers and operators who may be impacted by the results of these proceedings; fluctuations in the demand for products, services or applications based on our technologies; our dependence on major customers and licensees; foreign currency fluctuations; strategic loans, investments and transactions the Company has or may pursue; our dependence on third-party manufacturers and suppliers; our ability to maintain and improve operational efficiencies and profitability; the development, deployment and commercial acceptance of the MediaFLO USA network and FLO(TM) technology; as well as the other risks detailed from time-to-time in the Company's SEC reports.

(C) 2008 Qualcomm Incorporated. All rights reserved. Qualcomm is a registered trademark of Qualcomm Incorporated. MediaFLO, FLO, Mobile Station Modem and MSM are trademarks of Qualcomm Incorporated. CDMA2000 is a registered trademark of the Telecommunications Industry Association. All other trademarks are the property of their respective owners.

Reconciliation of Non-GAAP Financial Measures Related to Prior Periods (In millions, except per share data) Fourth Quarter - Fiscal Year 2007 Estimated Qualcomm Share- Total Pro Based Tax Items QSI Qualcomm Segments Forma Compensation(1) (2) (3) (GAAP) Revenues $2,305 $- $- $1 $2,306 EBT 1,129 (117) - (64) 948 Net income(loss) 911 (77) 331 (34) 1,131 Diluted EPS $0.54 $(0.05) $0.20 $(0.02) $0.67 Diluted shares used 1,689 1,689 1,689 1,689 1,689 Twelve Months - Fiscal Year 2007 Estimated Qualcomm Share- Tax In- Total Pro Based Items Process Qualcomm Segments Forma Compensation(2) (2) R&D QSI (GAAP) Revenues $8,870 $- $- $- $1 $8,871 EBT 4,363 (487) - (10) (240) 3,626 Net income (loss) 3,406 (321) 364 (9) (137) 3,303 Diluted EPS $2.01 $(0.19) $0.22 $(0.01) $(0.08) $1.95 Diluted shares used 1,693 1,693 1,693 1,693 1,693 1,693 (1) Certain share-based compensation is included in operating expenses as part of employee-related costs but is not allocated to the Company's segments as such costs are not considered relevant by management in evaluating segment performance. (2) During the fourth quarter of fiscal 2007, the Company recorded a $331 million tax benefit, or $0.20 diluted earnings per share, related to tax expense recorded in prior years resulting from the completion of tax audits during the fourth fiscal quarter. The fiscal 2007 Qualcomm pro forma results excluded this tax benefit attributable to prior years. (3) At fiscal year-end, the sum of the quarterly tax provisions for each column, including QSI, equals the annual tax provisions for each column computed in accordance with GAAP. In interim quarters, the tax provision for the QSI operating segment is computed by subtracting the tax provision for Qualcomm pro forma, the tax items column and the tax provisions related to estimated share-based compensation and in-process R&D from the tax provision for total Qualcomm (GAAP). Sums may not equal totals due to rounding. Qualcomm Contact: John Gilbert, Investor Relations Phone: 1-858-658-4813 Email: ir@qualcomm.com

Qualcomm Incorporated

CONTACT: John Gilbert, Investor Relations, Qualcomm Incorporated,
+1-858-658-4813, ir@qualcomm.com

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

Trina Solar Closes Concurrent Offerings of $138 Million of Convertible Senior Notes and 4,073,194 Borrowed American Depositary Shares

CHANGZHOU, China, July 24 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited ("Trina Solar" or the "Company"), a leading integrated manufacturer of photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced the closing of its public offerings of $138 million aggregate principal amount of convertible senior notes due 2013 and 4,073,194 American depositary shares ("ADSs"), which were borrowed by an affiliate (the "ADS Borrower") of Credit Suisse Securities (USA) LLC, one of the joint bookrunners of the notes offering. The notes sold include $18 million aggregate principal amount of notes issued due to the underwriters' exercise in full of their over-allotment option.

The sale of the borrowed ADSs was intended to facilitate privately negotiated transactions or short sales by which investors in the notes will hedge their investment in the notes. The ADS Borrower will be required to return the borrowed ADSs pursuant to the ADS lending agreement by the scheduled maturity date of the notes in July 2013.

Trina Solar intends to use the net proceeds of the notes offering for the expansion of manufacturing lines for the production of silicon ingots, wafers, solar cells and solar modules, the purchase of raw materials, research and development and other general corporate purposes. The ADS Borrower received all of the proceeds from the sale of the borrowed ADSs. Trina Solar did not receive any proceeds from the sale of the borrowed ADSs, but received a nominal lending fee from the ADS Borrower.

Credit Suisse Securities (USA) LLC, ABN AMRO Bank N.V., London Branch, and Deutsche Bank Securities Inc. acted as joint bookrunners for the notes offering. Credit Suisse Securities (USA) LLC acted as the sole bookrunner for the ADS offering.

The concurrent offerings were made under Trina Solar's registration statement on Form F-3 filed with the Securities and Exchange Commission on July 15, 2008. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities, and does not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Copies of the notes prospectus supplement and the accompanying prospectus may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: (800) 221-1037, ABN AMRO Inc, Attention: Equities Client Services Department, 55 East 52nd Street 6th Floor, New York, NY 10055, telephone: (866) 636-4281, or Deutsche Bank Securities Inc., Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, telephone: (800) 503-4611 or e-mail at prospectusrequest@list.db.com. Copies of the ADS prospectus supplement and the accompanying prospectus may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: (800) 221-1037.

About Trina Solar Limited

Trina Solar Limited , through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd, is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is currently one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. This integrated value chain helps to ensure that high quality products can be delivered to its end customers around the globe, including a number of European countries, such as Germany, Spain and Italy. Trina Solar's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com/ .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, Trina Solar's ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For more information, please contact: Trina Solar Limited Terry Wang, CFO Tel: +86-519-8548-2008 (Changzhou) Thomas Young, Director of Investor Relations Tel: +86-519-8548-2008 (Changzhou) Email: ir@trinasolar.com CCG Elite Investor Relations Crocker Coulson, President Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Ed Job, CFA Tel: +1-646-213-1914 Email: ed.job@ccgir.com

Trina Solar Limited

CONTACT: Trina Solar Limited - Terry Wang, CFO, +86-519-8548-2008
(Changzhou), Thomas Young, Director of Investor Relations, +86-519-8548-2008
(Changzhou), or ir@trinasolar.com; CCG Elite Investor Relations - Crocker
Coulson, President, +1-646-213-1915, or crocker.coulson@ccgir.com; Ed Job, CFA,
+1-646-213-1914, or ed.job@ccgir.com

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

Benchmark Electronics Board of Directors Authorizes $100 Million Share Repurchase Program

ANGLETON, Texas, July 24 /PRNewswire-FirstCall/ -- Benchmark Electronics, Inc. , a leading contract manufacturing provider, announced today that its Board of Directors had approved the repurchase of up to $100 million of the Company's outstanding common shares. Share repurchases may be made in the open market, in privately negotiated transactions or block transactions, at the discretion of the Company's management, and as market conditions warrant. The Company recently completed the repurchase of 6.8 million shares under the $125 million share repurchase program approved in July 2007. The timing and amount of specific repurchases are subject to the requirements of the Securities and Exchange Commission, market conditions, alternative uses of capital and other factors. The Company may enter into Rule 10b5-1 plans to facilitate repurchases under the program. A Rule 10b5-1 plan would generally permit the Company to repurchase the shares at times when it might otherwise be prevented from doing so under certain securities laws. Purchases will be funded from available cash and may be commenced, suspended or discontinued at any time without prior notice. Shares repurchased under the program will be retired.

Benchmark Electronics, Inc. provides electronics manufacturing, design and engineering services to original equipment manufacturers of computers and related products for business enterprises, medical devices, industrial control equipment, testing and instrumentation products, and telecommunication equipment. Benchmark's global operations include 20 facilities in ten countries. Benchmark's common shares trade on the New York Stock Exchange under the symbol BHE.

Benchmark Electronics, Inc.

CONTACT: Investor Relations, Ellen M. Dylla of Benchmark Electronics,
Inc., +1-979-849-6550

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

Overland Storage Receives ISO 9001:2000 Certification for its Quality Management System that Focuses on Continuous Customer SatisfactionCompliance with Globally Recognized Quality Standard Underscores Overland's Commitment to Process Improvements & Policies to Meet Customer Requirements

SAN DIEGO, July 24 /PRNewswire-FirstCall/ -- Overland Storage, Inc. today announced that it has been granted ISO 9001:2000 certification by the International Organization for Standardization (ISO) for meeting a precise set of quality requirements encompassing all aspects of the company's product design, development, manufacturing and service activities. This certification reinforces Overland's steadfast dedication to achieving the highest levels of organizational performance and customer satisfaction.

ISO 9001:2000 standards specify a set of stringent requirements for documentation, procedures and operations that form the foundation of a best-of-class Quality Management System (QMS). In receiving the internationally recognized and respected ISO 9001:2000 certification, Overland demonstrates its ongoing ability to meet and exceed its customers' expectations for quality service and support while also complying with all applicable regulatory demands.

According to Brett Carter, director of global quality for Overland Storage, universal support for the company's structured business and quality management system has resulted in significant process improvements, increased quality awareness as well as heightened consistency in operations. "ISO 9001:2000 is an important milestone for Overland as it validates our unrelenting customer focus and management involvement at every level of the organization," he says. "Overland's unwavering commitment to quality and continual improvement resonates throughout the company as together we raise the bar for quality assurance and customer satisfaction."

In achieving ISO certification, Overland also has strengthened its ability to provide global channel partners with a complete array of end-to-end data protection solutions backed by top-notch products, services and support.

About Overland Storage

Overland Storage is a market leader and innovative provider of smart, affordable data protection appliances that help midrange and distributed enterprises ensure business-critical data is constantly protected, readily available and always there. Overland's award-winning products include NEO SERIES(R) and ARCvault(TM) tape libraries, REO SERIES(R) disk-based appliances with Virtual Tape Library (VTL) capabilities, ULTAMUS(R) RAID SAN-based appliances and Snap Server NAS-based appliances. Overland sells its products through leading OEMs, commercial distributors, storage integrators and value-added resellers. For more information, visit Overland's web site at http://www.overlandstorage.com/

Overland, Overland Storage, REO SERIES, REO, NEO SERIES, NEO, ARCvault SERIES, ARCvault, ULTAMUS, and Snap Server are trademarks of Overland Storage, Inc.

Overland Storage, Inc.

CONTACT: Sue Hetzel of HetzelMeade Communications, +1-760-434-9927,
sue@hetzelmeade.com, for Overland Storage, Inc.

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

Telanetix Hires Leading Telepresence Industry Executive- JD Vaughn a Veteran of Polycom with Extensive Channel and Sales Success -

BELLEVUE, Wash., July 24 /PRNewswire-FirstCall/ -- Telanetix Inc. (OTC BB: TNXI), a leading IP solutions provider offering telepresence and VoIP services to business markets, today announced that Mr. J.D. Vaughn, a senior telepresence industry executive, has joined the company as Vice President of Worldwide Telepresence Sales.

Prior to joining Telanetix, J.D. served in leadership roles at companies including Accord Networks, focusing on distribution and sales. At Accord, he built sales from startup to $60 MM in 28 months, leading to an IPO and eventual acquisition by Polycom. At Polycom J.D. served as vice president of sales for The Americas, and led the vertical business solutions applications sales initiatives and was responsible for $180 MM in revenue. Prior to joining Accord Networks J.D. held a number of senior sales executive positions with AT&T, PictureTel, and Genesis Electronics.

"I believe we have a superior telepresence product and opportunity in the market; we need the right distribution structure to take advantage of this superiority," said Doug Johnson, CEO of Telanetix. "Robert Leggio, the General Manager of our Telepresence Business Unit, and I searched for the right candidate, and J.D. Vaughan is just that. He has a track record of success in relevant products and companies, and will help us take our growth to the next level."

"I am already identifying new opportunities with the Telanetix team," noted J.D. Vaughn. "The business marketplace has a strong need for the differentiated, feature-rich yet cost effective solution that the Telanetix Digital Presence(TM) Solution can provide. We are building upon the company's success in this growing segment of the business communications marketplace."

Telanetix offers its telepresence service to businesses in a variety of customizable formats, all of which deliver a superior value. For further information, contact Jeff Salzwedel with Salzwedel Financial Services at (503) 722-7300, jeff@sfcinc.com.

About Telanetix, Inc.

Telanetix is a leading communications solutions provider offering telepresence and voice over IP (VoIP) services to all business market segments. Telanetix solutions meet the real-world communications demands of its customers with an industry-leading value proposition. The company's telepresence offering, called Digital Presence(TM), creates fully immersive and interactive meeting environments that incorporate voice, video and data from multiple locations into a single environment. The company's Voice offerings, marketing under the "AccessLine" brand, give companies flexible calling solutions, a simpler installation experience, and a greater range of support options than traditional telecom providers. Additional information may be found at the Telanetix corporate website, http://www.telanetix.com/

Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

Telanetix Inc.

CONTACT: Kent Hellebust of Telanetix, Inc., +1-206-515-9160,
khellebust@telanetix.com; or Investor Relations, Jeff Salzwedel of Salzwedel
Financial Communications, Inc., +1-503-722-7300, jeff@sfcinc.com; or Media,
Todd Barrish of Dukas PR, +1-212-704-7385, todd@dukaspr.com

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

Scripps Networks Interactive Provides Financial Forecast for Third Quarter

CINCINNATI, July 24 /PRNewswire-FirstCall/ -- Scripps Networks Interactive Inc. , the parent company of such popular television and Internet lifestyle brands as HGTV, Food Network and DIY Network, today provided financial forecasts for the third quarter and affirmed its previously issued pro forma guidance for the full-year 2008.

Scripps Networks Interactive began operations as a separate publicly traded company on July 1 following its spin-off from The E. W. Scripps Company. Second-quarter results for the businesses operated by Scripps Networks Interactive were reported today in a separate press release issued by E. W. Scripps.

Third-quarter financial forecasts for Scripps Networks Interactive businesses, by operating segment, are as follows:

Lifestyle Media

Total revenue is expected to be up 5 to 7 percent. Total revenue growth for the full-year 2008, on a pro-forma basis, is expected to reach the upper end of the previously issued guidance of 8 to 10 percent. Total expenses are expected to increase year-over-year by a mid to high single digit percentage.

In addition to HGTV, Food Network and DIY Network, the company's Lifestyle Media segment includes Fine Living Network, country music network Great American Country, and SN Digital, the segment's growing portfolio of food- and shelter-oriented interactive businesses. SN Digital brands include FoodNetwork.com, HGTV.com, DIYNetwork.com, RecipeZaar.com, FrontDoor.com, HGTVPro.com and UpMyStreet.com.

Interactive Services

Combined segment profit is expected to be $8 to $10 million during the third quarter. Full-year segment profit is expected to be $55 to $65 million, on a pro forma basis, as previously forecast.

The company's Interactive Services segment includes its leading online comparison shopping businesses, Shopzilla, BizRate and uSwitch.

Earnings per share

Third-quarter earnings per share from continuing operations, excluding spin-off related costs, are expected to be between 35 and 38 cents.

Other items

The company also provided its third-quarter forecast for other items as follows:

Corporate expenses: $10 to $12 million, excluding costs related to the company's spin-off from E. W. Scripps. Minority interest: $18 to $19 million. Capital expenditures: $30 million. Tax rate: 33 to 34 percent. Debt and quarterly dividend. Net debt was $275 million on July 1.

The company expects to initially set its quarterly dividend at about 7.5 cents per share on approximately 163 million shares outstanding.

Forward-looking statements

This press release contains certain forward-looking statements related to the company's businesses that are based on management's current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. The company's written policy on forward-looking statements can be found on page 23 of its Form 10 information statement that was filed June 11, 2008, with the Securities and Exchange Commission.

The company undertakes no obligation to publicly update any forward-looking statements to reflect events or circumstances after the date the statement is made.

About Scripps Networks Interactive

Scripps Networks Interactive Inc. is the leading developer of lifestyle-oriented content for television and the Internet, where on-air programming is complemented with online video, social media areas and e-commerce components on companion Web sites and broadband vertical channels. The company's media portfolio includes: Lifestyle Media, with popular lifestyle television and Internet brands HGTV, Food Network, DIY Network, Fine Living Network and country music network Great American Country; and Interactive Services, with leading online comparison shopping services, Shopzilla and uSwitch.

Scripps Networks Interactive

CONTACT: Mark Kroeger of Scripps Networks Interactive Inc.,
+1-513-824-3227, mark.kroeger@scrippsnetworks.com

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

Phoenix Technologies Announces Acquisition of Embedded Firmware Leader General SoftwareAcquisition Will Enable Phoenix to Extend Firmware Leadership to Wide Array of Specialized High-Value, High-Margin Devices, From Mobile and Consumer Electronics to Data Communications

MILPITAS, Calif., July 24 /PRNewswire-FirstCall/ -- Phoenix Technologies , the global leader in core systems software, today announced that it has signed a definitive agreement to acquire General Software, Inc. a leading provider of embedded firmware that is at the heart of millions of devices being used around the world. The transaction will expand the presence of Phoenix in a wide variety of vertical industry applications and devices, from IP network routers to medical devices while also providing valuable technologies to further the Company's PC 3.0(TM) strategy for simplifying and improving the mobile computing experience.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070410/SFTU048LOGO )

The acquisition builds on Phoenix Technologies' position as the global market and innovation leader in system firmware for today's computing environments. General Software's customers and solution sets extend into mobility, telecommunications, data communications, servers, specialized PCs, consumer electronics and a wide range of embedded and industrial markets. Its product portfolio includes a BIOS adaptation kit for embedded development, a 32-bit operating environment, and a firmware application suite. General Software's customers include Boeing, Cisco Systems, GE Healthcare, Microsoft, Nielsen Media Research and Siemens Acuson.

Woody Hobbs, President & CEO of Phoenix, said, "The combination of Phoenix and General Software creates a truly formidable leader in core systems software, from the PC and server markets to consumer electronics, telecommunications and a wide variety of other embedded end-markets. The transaction will further extend our dominant position in core systems software and enable us to deliver embedded products and services as part of our PC 3.0 strategy to generate significant growth in our revenues and profits."

Founded in 1989, General Software is a privately held company with headquarters in Bellevue, WA. Its highly configurable and feature-rich BIOS or firmware code base for embedded devices enables differentiation across a wide variety of industries by providing rich features and functionality such as provisioning, remote monitoring, power management, fast boot, customized security and more.

"We are very excited about joining the Phoenix executive team and expect to be a key contributor to the PC 3.0 vision," stated Steve Jones, Founder and Chairman of General Software. "We have been waiting for the opportunity to extend the reach of our solutions to the RISC space and especially to ARM, which is built into billions of devices. As part of Phoenix, together we can now proceed to tackle this substantial market opportunity."

The acquisition of General Software, which is expected to close in the current quarter, is subject to customary closing conditions.

About Phoenix Technologies

Phoenix Technologies Ltd. is the global market leader in system firmware that provides the most secure foundation for today's computing environments. The PC industry's top system builders and specifiers trust Phoenix to pioneer open standards and deliver innovative solutions that will help them differentiate their systems, reduce time-to-market and increase their revenues. The Company's flagship products and services -- AwardCore, SecureCore, FailSafe, HyperSpace, BeInSync and eSupport -- are revolutionizing the PC user experience by delivering unprecedented performance, security, reliability, continuity, and ease-of-use. The Company established industry leadership and created the PC clone industry with its original BIOS product in 1983. Phoenix has 155 technology patents and 139 pending applications, and has shipped in over one billion systems. Phoenix is headquartered in Milpitas, California with offices worldwide. For more information, visit http://www.phoenix.com/

Phoenix, Phoenix Technologies, PC 3.0, Phoenix FailSafe, Phoenix HyperSpace, HyperCore, BeInSync, eSupport and the Phoenix Technologies logo are trademarks and/or registered trademarks of Phoenix Technologies Ltd. All other trademarks are the property of their respective owners.

Safe Harbor

The statements in this release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, but not limited to, the closing of the acquisition, the benefits of the PC 3.0 environment, the integration of General Software's products and services and people into our offerings and organization, and customer adoption of our products. These statements involve risk and uncertainties, including: our ability to close the transaction within the stated timeframe or adverse circumstances that would prevent the consummation of the transaction; technology and business integration challenges and delays; demand for our products and solutions; the ability of our customers to introduce and market new products that incorporate our products and solutions; and the product offerings of competitors, especially with respect to functionality and time- to-market. For a further list and description of risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements in this release, we refer you to the Company's filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements included in this release are based upon assumptions, forecasts and information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward- looking statements.

Contacts Media/Analyst Relations: Phoenix Global Press Office Tel.: +1-408-570-1060 Email: Public_Relations@phoenix.com Investor Relations: Phoenix Technologies Ltd. Richard Arnold Chief Operating Officer and Chief Financial Officer Tel. +1 408 570 1256 investor_relations@phoenix.com The Piacente Group, Investor Relations Counsel Sanjay M. Hurry Tel. +1 212 481 2050 phoenix@thepiacentegroup.com

Photo: http://www.newscom.com/cgi-bin/prnh/20070410/SFTU048LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Phoenix Technologies Ltd.

CONTACT: Media|Analyst Relations, Phoenix Global Press Office,
+1-408-570-1060, Public_Relations@phoenix.com, or Investors,
Richard Arnold, Chief Operating Officer and Chief Financial Officer of Phoenix
Technologies Ltd., +1-408-570-1256, investor_relations@phoenix.com; or Sanjay
M. Hurry of The Piacente Group, Investor Relations Counsel, +1-212-481-2050,
phoenix@thepiacentegroup.com, for Phoenix Technologies Ltd.

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

Belden Announces Record Adjusted Diluted EPS of $0.97 for Second QuarterSecond Quarter 2008 Highlights- Second quarter adjusted diluted EPS increased 22.8 percent to $0.97 per share from $0.79 in the prior-year quarter, setting a new quarterly record.- Consolidated operating margin rose to 12.6 percent on an adjusted basis, an improvement of 40 basis points year over year and 260 basis points sequentially.- Improved operating results reflect the benefits of revenue diversification, portfolio management, and cost reduction initiatives.- Belden continued to generate strong cash flow. Free cash flow was $32.6 million, the net result of $43.9 million in cash flow from operations and capital expenditures of $11.3 million.- The Company is maintaining its outlook for 2008 adjusted diluted EPS, including the effect of Trapeze Networks which was acquired in July, at $3.15 to $3.35.

ST. LOUIS, July 24 /PRNewswire-FirstCall/ -- Belden , a leader in the design, manufacture, and marketing of signal transmission solutions for industrial automation, data networking, and a wide range of specialty electronics markets, today announced results of the second quarter ended June 29, 2008.

Second Quarter 2008 Results

In the quarter, revenue was $556.3 million and operating income was $65.9 million. Net income was $42.2 million, or $0.89 per diluted share. The quarter's revenue included $31.8 million of favorable currency translation.

During the quarter, Belden recorded a pre-tax $1.8 million pension settlement expense related to restructuring of its Canadian operations; severance charges and accelerated depreciation of $1.6 million pre-tax related to the previously announced plan to close a manufacturing plant in Manchester, Connecticut; charges of $0.9 million pre-tax associated with the restructuring of European and North American operations; and interest expense of $1.9 million pre-tax related to the unfavorable resolution of Canadian tax matters pertaining to Belden's 2004 merger with Cable Design Technologies. In the second quarter of 2007, the Company incurred pre-tax charges of $2.9 million in severance, asset impairment, and adjusted depreciation charges associated with restructuring activities in North America and $12.2 million in nonrecurring purchase accounting effects related to businesses acquired during the quarter.

Adjusted for these items, operating income in the second quarter increased 4.9 percent year over year to $70.1 million. As a percent of revenue, adjusted operating income was 12.6 percent in the second quarter of 2008, compared with 12.2 percent in the second quarter of 2007. Adjusted diluted income per share was $0.97 in the second quarter of 2008, a 22.8 percent increase from $0.79 in the second quarter of 2007. See the attached schedule, Adjusted Operating Results, for a reconciliation of GAAP results to adjusted results.

"An improved business portfolio and the successful execution of margin expansion initiatives drove our record performance," said John Stroup, President and Chief Executive Officer. "The business now reflects much better geographic diversification, an improved mix of connectivity and high-value networking products, and more emphasis on attractive vertical markets like industrial automation. We drove margin improvement through changes to our manufacturing footprint, our on-going management of the product portfolio, and the reduction of waste through the implementation of Lean Enterprise methods. Our strong results are attributable to a team focused on our strategic priorities, committed to creating sustainable processes, and dedicated to continuous improvement."

Outlook

"Despite an uncertain macroeconomic environment, we are reaffirming our full-year revenue and earnings outlook," said Mr. Stroup. "We continue to expect that our revenue will be in the range from $2.2 to $2.3 billion for 2008. We are also maintaining our outlook for operating margins, adjusted for restructuring and other charges including the amortization of short-lived intangible assets associated with our recent acquisition of Trapeze Networks, at 11 to 12 percent of revenue. Finally, we are maintaining our outlook for earnings per diluted share, similarly adjusted, at $3.15 to $3.35."

Forward Looking Statements

Statements in this release other than historical facts are "forward looking statements" made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995. These forward looking statements are based on forecasts and projections about the industries served by the Company and about general economic conditions. They reflect management's beliefs and expectations. They are not guarantees of future performance and they involve risk and uncertainty. The Company's actual results may differ materially from these expectations. Some of the factors that may cause actual results to differ from the Company's expectations include demand for the Company's products; the cost and availability of materials including copper, plastic compounds derived from fossil fuels, and other materials; energy costs; the Company's ability to integrate successfully the acquired businesses; and other factors. For a more complete discussion of risk factors, please see our Annual Report on Form 10-K for the year ended December 31, 2007, filed with the SEC on February 29, 2008. Belden disclaims any duty to update any forward looking statements as a result of new information, future developments, or otherwise.

About Belden

Sending All the Right Signals -- from industrial automation to data centers, from broadcast studios to aerospace, from cutting-edge wireless communications to consumer electronics, Belden people are committed to delivering the best signal transmission solutions in the world. Our 8,000 associates worldwide work in copper cable, fiber, wireless technology, connectors, switches and active components to bring voice, video and data to your mission-critical application. With 2007 revenue of $2.0 billion, Belden has manufacturing capability in North America, Europe and Asia. To obtain additional information contact Investor Relations at 314-854-8054, or visit our website at http://www.belden.com/.

Contact: Belden Dee Johnson, Director of Investor Relations and Corporate Communications 314-854-8054 The following schedules are provided: -- Comparative condensed consolidated statements of operations for the three- and six-month periods ended June 29, 2008, and June 24, 2007. -- Segment results for the same periods. -- Comparative condensed consolidated cash flow statements for the six-month periods ended June 29, 2008, and June 24, 2007. -- Condensed consolidated balance sheets as of June 29, 2008, and December 31, 2007. -- A supplemental schedule of adjusted consolidated results for the quarter, year to date, and the prior-year comparable periods, excluding certain non-recurring severance charges, asset impairment, restructuring charges, adjusted depreciation and discrete tax items. BELDEN INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended Six Months Ended June 29, June 24, June 29, June 24, 2008 2007 2008 2007 (In thousands, except per share data) Revenues $556,303 $549,943 $1,068,129 $886,646 Cost of sales (389,830) (398,743) (755,839) (644,757) Gross profit 166,473 151,200 312,290 241,889 Selling, general and administrative expenses (89,522) (92,475) (187,237) (144,378) Research and development (11,093) (5,126) (20,164) (5,272) Loss on sale of assets - - (884) - Asset impairment - (1,870) (11,549) (3,262) Operating income 65,858 51,729 92,456 88,977 Interest expense (10,528) (8,682) (18,347) (11,208) Interest income 1,875 1,740 2,832 4,483 Other income (expense) 1,986 571 3,154 (1,445) Income before taxes 59,191 45,358 80,095 80,807 Income tax expense (17,041) (15,254) (24,725) (28,689) Net income $42,150 $30,104 $55,370 $52,118 Weighted average number of common shares and equivalents: Basic 43,506 45,078 43,821 44,784 Diluted 47,478 50,920 47,926 51,289 Basic income per share $0.97 $0.67 $1.26 $1.16 Diluted income per share $0.89 $0.60 $1.16 $1.03 Dividends declared per share $0.05 $0.05 $0.10 $0.10 BELDEN INC. OPERATING SEGMENT INFORMATION (Unaudited) External Operating Customer Affiliate Total Income Three Months Ended June 29, 2008 Revenues Revenues Revenues (Loss) (In thousands) Belden Americas $200,063 $19,404 $219,467 $40,283 Specialty Products 59,652 18,238 77,890 10,171 EMEA 199,265 5,639 204,904 26,318 Asia Pacific 97,323 111 97,434 11,314 Total Segments 556,303 43,392 599,695 88,086 Finance and Administration - - - (12,327) Eliminations - (43,392) (43,392) (9,901) Total Continuing Operations $556,303 $- $556,303 $65,858 Three Months Ended June 24, 2007 Belden Americas $221,738 $18,419 $240,157 $42,353 Specialty Products 64,580 23,215 87,795 16,090 EMEA 176,339 5,033 181,372 5,953 Asia Pacific 87,286 - 87,286 6,793 Total Segments 549,943 46,667 596,610 71,189 Finance and Administration - - - (11,252) Eliminations - (46,667) (46,667) (8,208) Total Continuing Operations $549,943 $- $549,943 $51,729 Six Months Ended June 29, 2008 Belden Americas $386,341 $39,232 $425,573 $71,564 Specialty Products 113,084 36,583 149,667 3,089 EMEA 383,828 11,695 395,523 43,227 Asia Pacific 184,876 111 184,987 20,211 Total Segments 1,068,129 87,621 1,155,750 138,091 Finance and Administration - - - (26,223) Eliminations - (87,621) (87,621) (19,412) Total Continuing Operations $1,068,129 $- $1,068,129 $92,456 Six Months Ended June 24, 2007 Belden Americas $408,036 $29,697 $437,733 $76,661 Specialty Products 121,233 35,638 156,871 26,405 EMEA 258,287 7,741 266,028 9,755 Asia Pacific 99,090 - 99,090 8,320 Total Segments 886,646 73,076 959,722 121,141 Finance and Administration - - - (19,192) Eliminations - (73,076) (73,076) (12,972) Total Continuing Operations $886,646 $- $886,646 $88,977 BELDEN INC. CONDENSED CONSOLIDATED CASH FLOW STATEMENTS (Unaudited) Six Months Ended June 29, 2008 June 24, 2007 (In thousands) Cash flows from operating activities: Net income $55,370 $52,118 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 27,503 25,312 Asset impairment 11,549 3,262 Pension funding in excess of pension expense (3,339) (2,200) Share-based compensation 7,292 4,314 Provision for inventory obsolescence 4,132 4,872 Loss (gain) on disposal of tangible assets 884 (164) Excess tax benefits related to share-based compensation (1,141) (6,914) Changes in operating assets and liabilities, net of the effects of acquisitions and currency exchange rate changes: Receivables (21,827) (28,652) Inventories (3,746) 6,734 Accounts payable and accrued liabilities 513 64,421 Accrued taxes 3,313 11,931 Other assets (8,053) (3,571) Other liabilities 2,125 (15,119) Net cash provided by operating activities 74,575 116,344 Cash flows from investing activities: Cash used to invest in and acquire businesses (7,891) (571,356) Proceeds from disposal of tangible assets 40,249 7,608 Capital expenditures (18,185) (28,132) Net cash provided by (used in) investing activities 14,173 (591,880) Cash flows from financing activities: Proceeds from exercise of stock options 5,171 28,994 Excess tax benefits related to share-based compensation 1,141 6,914 Payments under share repurchase program (68,336) - Cash dividends paid (4,458) (4,626) Debt issuance costs - (10,212) Borrowings under credit arrangements - 530,000 Payments under borrowing arrangements - (242,000) Net cash provided by (used in) financing activities (66,482) 309,070 Effect of foreign currency exchange rate changes on cash and cash equivalents 7,436 2,411 Increase (decrease) in cash and cash equivalents 29,702 (164,055) Cash and cash equivalents, beginning of period 159,964 254,151 Cash and cash equivalents, end of period $189,666 $90,096 BELDEN INC. CONDENSED CONSOLIDATED BALANCE SHEETS June 29, 2008 December 31, 2007 (Unaudited) (In thousands) ASSETS Current assets: Cash and cash equivalents $189,666 $159,964 Receivables 393,385 373,108 Inventories, net 260,472 257,540 Deferred income taxes 21,540 28,578 Other current assets 25,388 17,392 Total current assets 890,451 836,582 Property, plant and equipment, less accumulated depreciation 326,835 369,803 Goodwill 712,395 648,882 Intangible assets, less accumulated amortization 154,875 154,786 Other long-lived assets 66,357 58,796 $2,150,913 $2,068,849 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $380,484 $350,047 Current maturities of long-term debt 110,000 110,000 Total current liabilities 490,484 460,047 Long-term debt 350,000 350,000 Postretirement benefits 103,229 98,084 Deferred income taxes 64,486 78,140 Other long-term liabilities 14,797 9,915 Stockholders' equity: Common stock 503 503 Additional paid-in capital 646,269 638,690 Retained earnings 529,757 478,776 Accumulated other comprehensive income 153,442 93,198 Treasury stock (202,054) (138,504) Total stockholders' equity 1,127,917 1,072,663 $2,150,913 $2,068,849 BELDEN INC. ADJUSTED OPERATING RESULTS (Unaudited) In addition to reporting financial results in accordance with accounting principles generally accepted in the United States, we provide operating results adjusted for certain purchase accounting effects related to acquisitions (inventory cost step-up, amortization of the sales backlog intangible, and in-process research and development charges), severance charges, adjusted depreciation, asset impairment, gains (losses) recognized on the disposal of certain tangible assets, and one-time tax benefits (charges). We utilize the adjusted results to review our ongoing operations without the effect of restructuring and related charges and for comparison to budgeted operating results. We believe these adjusted results are useful to investors because they help them compare our results to previous periods and provide insights into underlying trends in the business. Adjusted results should be considered only in conjunction with results reported according to accounting principles generally accepted in the United States. As Three Months Ended June 29, 2008 Reported Adjustments Adjusted (In thousands, except percentages and per share amounts) Revenues $556,303 $- $556,303 Gross profit $166,473 $2,286 $168,759 as a percent of revenues 29.9% 30.3% Operating income $65,858 $4,276 $70,134 as a percent of revenues 11.8% 12.6% Net income $42,150 $3,675 $45,825 as a percent of revenues 7.6% 8.2% Net income per diluted share $0.89 $0.08 $0.97 Three Months Ended June 24, 2007 Revenues $549,943 $- $549,943 Gross profit $151,200 $9,266 $160,466 as a percent of revenues 27.5% 29.2% Operating income $51,729 $15,119 $66,848 as a percent of revenues 9.4% 12.2% Net income $30,104 $9,921 $40,025 as a percent of revenues 5.5% 7.3% Net income per diluted share $0.60 $0.19 $0.79 Adjustments for the three months ended June 29, 2008 included pre-tax charges for pension settlements, severance, and adjusted depreciation of $1.8 million, $1.5 million, and $0.7 million, respectively, and a $0.3 million pre-tax loss on the disposal of certain tangible assets. Adjustments for the three months ended June 24, 2007 included pre-tax purchase accounting effects for acquisitions, asset impairment, adjusted depreciation, and severance and other restructuring costs of $12.2 million, $1.9 million, $0.8 million, and $0.2 million, respectively. As Six Months Ended June 29, 2008 Reported Adjustments Adjusted (In thousands, except percentages and per share amounts) Revenues $1,068,129 $- $1,068,129 Gross profit $312,290 $6,242 $318,532 as a percent of revenues 29.2% 29.8% Operating income $92,456 $28,964 $121,420 as a percent of revenues 8.7% 11.4% Net income $55,370 $22,638 $78,008 as a percent of revenues 5.2% 7.3% Net income per diluted share $1.16 $0.47 $1.63 Six Months Ended June 24, 2007 Revenues $886,646 $- $886,646 Gross profit $241,889 $10,809 $252,698 as a percent of revenues 27.3% 28.5% Operating income $88,977 $18,392 $107,369 as a percent of revenues 10.0% 12.1% Net income $52,118 $12,436 $64,554 as a percent of revenues 5.9% 7.3% Net income per diluted share $1.03 $0.25 $1.28 Adjustments for the six months ended June 29, 2008 included pre-tax charges for asset impairment, severance associated with the Voluntary Separation Program, pension settlements, adjusted depreciation, and severance and other restructuring costs of $11.5 million, $6.5 million, $1.8 million, $0.7 million, and $7.1 million, respectively, and a $1.4 million pre-tax loss on the disposal of certain tangible assets. Adjustments for the six months ended June 24, 2007 included pre-tax purchase accounting effects for acquisitions, asset impairment, severance, and adjusted depreciation of $12.2 million, $3.3 million, $1.2 million, and $1.7 million, respectively.

Belden

CONTACT: Dee Johnson, Director of Investor Relations and Corporate
Communications of Belden, +1-314-854-8054

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

Ness Technologies and Sygnity Announce Strategic Partnership

PRAGUE, Czech Republic and WARSAW, Poland, July 24 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. , a global provider of IT services and solutions, and Sygnity, the second-largest Polish provider of IT solutions and services, have announced a partnership agreement. The main objective of the cooperation between the two companies is jointly to offer services and solutions to selected clients in Central and Eastern Europe, as well as creating opportunities in Western Europe.

Although the strategic partnership between Ness and Sygnity has just begun, the two companies have already won a project to implement a core-banking system in a prominent financial group in Western Europe, and joint teams are already working in Ukraine and France. The partnership allows both companies to expand their offerings and their reach within Europe as they help customers to strengthen their business competitiveness.

"One of the strategic objectives of our cooperation is the creation of teams focused on regional and multinational clients. These teams will provide our customers with a more extensive portfolio of services, together with local support in each country. Our customers will therefore receive valuable support in large multinational projects," said Otakar Smolik, Senior Vice President Business Development, Ness Europe.

"We expect the greatest synergistic effect in the Central and Eastern European financial services, utilities, and public administration sectors. In the banking sector, for instance, the combination of our know-how in the field of core-banking and Ness' experience in business consulting and business intelligence creates a considerable competitive advantage," said Jacek Kujawa, Vice President of Sygnity.

In the utilities sector, the synergy will be evident primarily in ERP and GIS solutions, which will be enhanced by Ness' expertise in asset management solutions and Oracle technology. The partnership will also benefit from Ness' successful off-shoring model. Both companies have unique solutions for public administration; therefore, they can now share their knowledge and experience in this vertical.

About Ness Technologies

Ness Technologies is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. The Ness portfolio of solutions and services consists of software product development, including both offshore and near-shore outsourcing; system integration, application development and consulting; and software distribution. With 7800 employees, Ness maintains operations in 18 countries, and partners with numerous software and hardware vendors worldwide. For more information about Ness Technologies, visit http://www.ness.com/.

About Sygnity

Sygnity was created by the merger of ComputerLand and Emax. Sygnity is traded on the Warsaw Stock Exchange (SGN). In 2007, the Sygnity Group had revenues of PLN 1.27 billion ($550 million). The company employs over 2,500 people, including experts with extensive IT knowledge and specialists with industry experience. Sygnity offers its own solutions, complemented by global products and technologies. It also provides a full range of services, including consulting, implementation, and outsourcing of IT projects, for large and medium-sized companies in key sectors of the economy, as well as for public administration institutions. Currently, the Group comprises more than 10 companies in Poland and abroad. Apart from Sygnity SA, the largest companies of the Group include: ARAM (IT projects for public administration), Projekty Bankowe Polsoft (manufacturer of software for the banking and financial sector and a software testing center), WINUEL (solutions for the energy sector), and Max Elektronik SA (manufacturer of software based on modern IT technologies, such as Java Computing). More information about Sygnity is available at http://www.sygnity.com/.

Ness Technologies media contact: David Kanaan USA: +1-888-244-4919 Intl: +972-3-540-8188 Email: media.int@ness.com Ness Technologies investor contact: Drew Wright USA: +1-201-488-3262 Email: investor@ness.com Ness Czech media contact: Stance Communications, s.r.o. Petr Pluhacek Tel: +420-224-810-809 email: petr.pluhacek@stance.cz Sygnity media contact: Michal Michalski, Rzecznik Prasowy Al. Jerozolimskie 180 02-486 Warszawa tel. +48-22-571-11-25, Mob: +48-504-142-034 fax +48-22-571-11-01 e-mail: mmichalski@sygnity.pl

Ness Technologies Inc

CONTACT: Ness Technologies media contact: David Kanaan, USA:
+1-888-244-4919, Intl: +972-3-540-8188, Email: media.int@ness.com; Ness
Technologies investor contact: Drew Wright, USA: +1-201-488-3262, Email:
investor@ness.com; Ness Czech media contact: Stance Communications, s.r.o.,
Petr Pluhacek, Tel: +420-224-810-809, email: petr.pluhacek@stance.cz. Sygnity
media contact: Michal Michalski, Rzecznik Prasowy, Al. Jerozolimskie 180,
02-486 Warszawa, tel. +48-22-571-11-25, Mob: +48-504-142-034, fax
+48-22-571-11-01, e-mail: mmichalski@sygnity.pl

Dice Holdings, Inc. Reports Second Quarter 2008 Results- Revenues grew 17% to $40.3 million- Operating income increased 31% to $10.2 million- Net income totaled $7.6 million, including a $1.2 million non-cash, pre-tax benefit related to interest rate swap agreements and a $1.3 million one-time tax benefit- Diluted earnings per share totaled $0.12, compared to $0.03 in the year ago period- Cash flow from operations increased 2% to $13.5 million- Adjusted EBITDA totaled $16.8 million, an increase of 12% (See "Notes - Regarding the Use of Non-GAAP Financial Measures")

NEW YORK, July 24 /PRNewswire-FirstCall/ -- Dice Holdings, Inc. , a leading provider of specialized career websites for professional communities, today reported financial results for the quarter ended June 30, 2008.

Second Quarter Operating Results

Total revenues for the quarter ended June 30, 2008 increased 17% to $40.3 million versus $34.4 million in the comparable quarter of 2007. Growth was driven by strong performance at eFinancialCareers, as well as an increase in the number of recruitment package customers served at Dice.com.

Operating income for the quarter ended June 30, 2008 grew $2.4 million or 31% to $10.2 million from the comparable quarter of 2007 as a result of higher revenues, greater operating leverage at eFinancialCareers, and lower amortization expense of intangible assets.

Net income for the quarter ended June 30, 2008 totaled $7.6 million, including the impact of a $1.2 million pre-tax benefit related to the Company's interest rate swap agreements which no longer qualify for hedge accounting and a one-time tax benefit of $1.3 million. See "Recent Developments" for additional detail. Net income for the quarter ended June 30, 2007 was $1.6 million.

Diluted earnings per share were $0.12 for the quarter ended June 30, 2008, which includes a $0.03 per diluted share combined benefit from the one-time tax benefit and the change in fair value of the interest rate swaps.

Net cash provided by operating activities for the quarter was $13.5 million, an increase of 2% from $13.2 million in the comparable quarter of 2007.

Adjusted EBITDA for the quarter ended June 30, 2008 was $16.8 million, compared with $14.9 million for the second quarter of 2007, an increase of 12%. See "Notes Regarding the Use of Non-GAAP Financial Measures."

Operating Segment Results

For the quarter ended June 30, 2008, DCS Online revenues were $27.4 million or 68% of Dice Holdings' consolidated revenues, representing a 9% increase over the comparable 2007 quarter. The increase was driven by a greater number of recruitment package customers served and an increase of 3% in average revenue per recruitment package customer at Dice.com, as well as strong growth at ClearanceJobs.

eFinancialCareers, which accounted for 25% of Dice Holdings' consolidated revenues in the second quarter of 2008, consists of the eFinancialCareers operations outside of North America. For the quarter ended June 30, 2008, eFinancialCareers revenues grew 53% to $9.9 million (or 46% after adding back the impact of deferred revenue written off in connection with the October 2006 acquisition of eFinancialCareers to the second quarter 2007 results). Each region of the world contributed to the growth including substantial gains in Continental Europe, the Middle East and Asia-Pacific.

The remaining businesses operated by Dice Holdings, which include the eFinancialCareers operations in North America, JobsintheMoney.com, and Targeted Job Fairs, are reported in the Other category. Other revenues grew 12% to $2.9 million (or 3% after adding back the impact of deferred revenue written off in connection with the October 2006 acquisition of eFinancialCareers to the second quarter 2007 results).

Six Month Operating Results

Total revenues for the six months ended June 30, 2008 increased 23% to $79.9 million, compared to $64.7 million in the comparable period in 2007. The increase was driven by solid performance at both eFinancialCareers and Dice.com.

By segment, DCS Online revenues increased 12% to $54.5 million for the six month period ended June 30, 2008. In the same period, eFinancialCareers contributed revenues of $19.7 million, an increase of 69% (or 60% after adding back the impact of deferred revenue written off in connection with the October 2006 acquisition of eFinancialCareers to the six months ended June 30, 2007 results). Other revenues grew 25% to $5.7 million (or 11% after adding back the impact of deferred revenue written off in connection with the October 2006 acquisition of eFinancialCareers to the six months ended June 30, 2007 results).

Operating income for the six months ended June 30, 2008 increased 67% or $8.3 million to $20.6 million from the comparable period in the prior year. Income from continuing operations for the six months ended June 30, 2008 totaled $11.3 million, an increase of 124% from $5.1 million in the comparable period of 2007. Net income for the six months ended June 30, 2008 increased 25% to $11.8 million from $9.5 million from the comparable period in the prior year.

For the six month period ended June 30, 2008, net cash provided by operating activities increased 35% to $37.0 million compared with $27.4 million for the same period last year.

Adjusted EBITDA for the six months ended June 30, 2008 was $33.6 million, compared with $26.7 million for the same period in 2007, an increase of 26%. See "Notes Regarding the Use of Non-GAAP Financial Measures."

Balance Sheet

Deferred revenue at June 30, 2008 was $49.4 million compared to $43.9 million at June 30, 2007. The 13% increase was primarily attributable to serving a greater number of recruitment package customers at Dice together with a higher number of those customers under annual contract than at June 30, 2007.

Net debt, defined as total debt less cash and cash equivalents and marketable securities, was $31.4 million at June 30, 2008, consisting of total debt of $121.7 million minus cash and cash equivalents and marketable securities of $90.3 million. This compares to a net debt balance of $43.9 million at March 31, 2008, consisting of total debt of $122.0 million minus cash and cash equivalents and marketable securities of $78.1 million.

Recent Developments

During the second quarter, the Company determined its interest rate swap agreement covering $60 million notional amount of borrowings no longer qualified for hedge accounting. In addition, a portion of the interest rate swap agreement covering $20 million notional amount of borrowings continues to be treated as partially ineffective under hedge accounting rules. As a result, the Company recorded $1.2 million of other income for the quarter ended June 30, 2008 based on the change in fair value of the swap agreements.

The Company's tax expense for the quarter ended June 30, 2008 was reduced by $1.3 million in conjunction with the Company's determination regarding permanent reinvestment of foreign earnings.

Management Comments

Scot Melland, Chairman, President and Chief Executive Officer, commented, "Amid the continued uncertainty in our markets, we recorded another solid quarter characterized by double digit revenue and profitability growth. The combination of a 46% increase in revenues at eFinancialCareers and continued expansion of our U.S. businesses demonstrates the strength of our specialist model." Mr. Melland continued, "We continue to enhance our professional communities and services, recently introducing new websites for both Dice and eFinancialCareers and expanding the eFinancialCareers service to financial centers serving three additional markets. We are confident these actions will strengthen our long-term position, increasing our value to professionals and customers alike."

Mike Durney, Senior Vice President, Finance and Chief Financial Officer, noted, "As we've consistently proven over the last year, significant cash generation coupled with strong margins makes for a great business model and the second quarter was no different. We generated Adjusted EBITDA margins of 42% and kept our relatively low levels of cap-ex, even while investing in new marketing programs and launching new platforms for the two core services." Mr. Durney added, "On top of our continued investment, we generated more than $12 million in free cash flow in the quarter, further strengthening our balance sheet."

Business Outlook

As of July 24, 2008, the Company anticipates the following financial performance for the quarter ending September 30, 2008 and full year 2008:

Quarter ending Fiscal Year Sept. 30, 2008 2008 Total Revenue $39.5 - 40.0 mm $158 - 160 mm Estimated Contribution by Segment DCS Online 68% 68% eFinancialCareers 25% 25% Other 7% 7% Sales & Marketing expense $14.3 - 14.8 mm $59 - 60 mm Adjusted EBITDA $17.0 - 17.5 mm $67 - 69 mm Depreciation and amortization $5.2 - 5.3 mm $21 - 21.5 mm Non-cash stock compensation expense $1.4 - 1.5 mm $5.5 - 6 mm Interest expense, net $1.8 - 2.0 mm $8 - 8.5 mm Other expense, net - $1.1 mm Income taxes $3.1 - 3.3 mm $10 - 11 mm Income from continuing operations $5.2 - 5.7 mm $21 - 23 mm Adjusted EBITDA Margin 43 - 44% 42 - 43% Fully diluted share count 65 - 66 mm 65 - 66 mm Conference Call Information

The Company will host a conference call to discuss second quarter results today at 8:30 a.m. Eastern Time. Hosting the call will be Scot W. Melland, Chairman, President and Chief Executive Officer, and Michael P. Durney, Senior Vice President, Finance and Chief Financial Officer.

The conference call can be accessed live over the phone by dialing 866-543-6407 or for international callers by dialing 617-213-8898; the participant passcode is 78450773. A replay will be available two hours after the call and can be accessed by dialing 888-286-8010 or 617-801-6888 for international callers; the replay passcode is 30504690. The replay will be available until July 31, 2008. The call will also be webcast live from the Company's website at http://www.diceholdingsinc.com/ under the Investor Relations section.

About Dice Holdings, Inc.

Dice Holdings, Inc. is a leading provider of specialized career websites for professional communities, including technology and engineering, capital markets and financial services, accounting and finance, and security clearance. Our mission is to help our customers source and hire the most qualified professionals in select and highly skilled occupations, and to help those professionals find the best job opportunities in their respective fields and further their careers. For more than 17 years, we have built our company by providing our customers with quick and easy access to high-quality, unique professional communities and offering those communities access to highly relevant career opportunities and information. Today, we serve multiple markets primarily in North America, Europe, the Middle East, Asia and Australia.

Notes Regarding the Use of Non-GAAP Financial Measures

Dice Holdings, Inc. (the "Company") has provided certain non-GAAP financial information as additional information for its operating results. These measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States ("GAAP") and may be different from non-GAAP measures reported by other companies. The Company believes that its presentation of non-GAAP measures, such as adjusted earnings before interest, taxes, depreciation, amortization, non-cash stock based compensation expense, non-cash impairment of intangible assets and add back of deferred revenue written off ("Adjusted EBITDA"), free cash flow and net debt, provides useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations. In addition, the Company's management uses these measures for reviewing the financial results of the Company and for budgeting and planning purposes.

Adjusted EBITDA

Adjusted EBITDA is a metric used by management to measure operating performance. Management uses Adjusted EBITDA as a performance measure for internal monitoring and planning, including preparation of annual budgets, analyzing investment decisions and evaluating profitability and performance comparisons between us and our competitors. The Company also uses this measure to calculate amounts of performance based compensation under the senior management incentive bonus program. Adjusted EBITDA, as defined in our Amended and Restated Credit Facility, represents net income (loss) before interest expense, interest income, income tax expense, depreciation and amortization, non-cash stock compensation expense, extraordinary or non-recurring non-cash income or expense, and to add back the deferred revenues written off in connection with the eFinancialCareers acquisition purchase accounting adjustments.

We consider Adjusted EBITDA, as defined above, to be an important indicator to investors because it provides information related to our ability to provide cash flows to meet future debt service, capital expenditures and working capital requirements and to fund future growth as well as to monitor compliance with financial covenants. We present Adjusted EBITDA as a supplemental performance measure because we believe that this measure provides our board of directors, management and investors with additional information to measure our performance, provide comparisons from period to period and company to company by excluding potential differences caused by variations in capital structures (affecting interest expense) and tax positions (such as the impact on periods or companies of changes in effective tax rates or net operating losses), and to estimate our value.

We present this discussion of Adjusted EBITDA because covenants in our Amended and Restated Credit Facility contain ratios based on this measure. Our Amended and Restated Credit Facility is material to us because it is one of our primary sources of liquidity. If our Adjusted EBITDA were to decline below certain levels, covenants in our Amended and Restated Credit Facility that are based on Adjusted EBITDA may be violated and could cause, among other things, an inability to incur further indebtedness and in certain circumstances a default or mandatory prepayment under our Amended and Restated Credit Facility.

Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our profitability or liquidity.

Free Cash Flow

We define free cash flow as net cash provided by operating activities from continuing operations minus capital expenditures. We believe free cash flow is an important non-GAAP measure as it provides useful cash flow information regarding our ability to service, incur or pay down indebtedness or repurchase our common stock. We use free cash flow as a measure to reflect cash available to service our debt as well as to fund our expenditures. A limitation of using free cash flow versus the GAAP measure of net cash provided by operating activities is that free cash flow does not represent the total increase or decrease in the cash balance from operations for the period since it excludes cash used for capital expenditures during the period.

Net Debt

Net Debt is defined as total debt less cash and cash equivalents and marketable securities. We consider net debt to be an important measure of liquidity and an indicator of our ability to meet ongoing obligations. We also use net debt, among other measures, in evaluating our choices for capital deployment. Net Debt presented herein is a non-GAAP measure and may not be comparable to similarly titled measures used by other companies.

Forward-Looking Statements

This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, competition from existing and future competitors, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, cyclicality or downturns in the economy or industries we serve, and the failure to attract qualified professionals or grow the number of qualified professionals who use our websites. These factors and others are discussed in more detail in the Company's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, under the headings "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our quarterly reports on Form 10-Q all of which are available on the Investor Relations page of our website at http://www.diceholdingsinc.com/.

You should keep in mind that any forward-looking statement made by us herein, or elsewhere, speaks only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

DICE HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (in thousands except per share amounts) For the three For the six months ended months ended June 30, June 30, 2008 2007 2008 2007 Revenues $40,281 $34,358 $79,850 $64,747 Operating expenses: Cost of revenues 2,484 1,946 4,901 3,772 Product development 1,172 982 2,344 1,962 Sales and marketing 15,895 13,797 30,801 27,011 General and administrative 5,363 4,411 10,912 8,360 Depreciation 958 702 1,821 1,321 Amortization of intangible assets 4,237 4,773 8,479 10,001 Total operating expenses 30,109 26,611 59,258 52,427 Operating income 10,172 7,747 20,592 12,320 Interest expense (2,484) (4,293) (5,168) (6,640) Interest income 492 82 974 156 Other income (expense) 1,157 - (1,109) - Income from continuing operations before income taxes 9,337 3,536 15,289 5,836 Income tax expense 1,786 1,689 3,972 782 Income from continuing operations 7,551 1,847 11,317 5,054 Discontinued operations: Income (loss) from discontinued operations - 108 519 (841) Income tax (expense) benefit from discontinued operations - (463) - 5,156 Minority interest in net loss of subsidiary - 121 - 121 Income from discontinued operations, net of tax - (234) 519 4,436 Net income 7,551 1,613 11,836 9,490 Convertible preferred stock dividends - - - (107,718) Income (loss) attributable to common stockholders $7,551 $1,613 $11,836 $(98,228) Basic earnings (loss) per share: From continuing operations $0.12 $0.03 $0.18 $(1,113.48) From discontinued operations - - 0.01 48.12 $0.12 $0.03 $0.19 $(1,065.36) Weighted average basic shares outstanding 62,175 92 62,174 92 Diluted earnings (loss) per share: From continuing operations $0.12 $0.03 $0.17 $(1,113.48) From discontinued operations - - 0.01 48.12 $0.12 $0.03 $0.18 $(1,065.36) Weighted average diluted shares outstanding 65,475 58,451 65,506 92 DICE HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (in thousands) For the three For the six months ended months ended June 30, June 30, 2008 2007 2008 2007 Cash flows provided by operating activities: Net income $7,551 $1,613 $11,836 $9,490 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 958 702 1,821 1,321 Amortization 4,237 4,773 8,479 10,001 Deferred income taxes (304) 4,170 189 (3,216) Gain on sale of joint venture - - (611) - Amortization of deferred financing costs 208 185 416 336 Share based compensation 1,429 1,208 2,725 1,782 (Gain) loss on interest rate hedges (1,157) - 1,109 - Changes in operating assets and liabilities: Accounts receivable 2,788 347 3,828 1,419 Prepaid expenses and other assets 6 (661) (49) (1,501) Accounts payable and accrued expenses (266) 693 1,749 (1,189) Income taxes payable 932 (1,096) 2,437 (891) Deferred revenue (2,956) 1,648 3,074 9,354 Other, net 42 (424) 36 498 Net cash provided by operating activities 13,468 13,158 37,039 27,404 Cash flows used for investing activities: Purchases of fixed assets (1,394) (893) (2,150) (1,524) Purchases of marketable securities (26,923) (200) (26,923) (200) Maturities and sales of marketable securities 11,295 200 11,395 200 Other, net - (17) - (32) Net cash used for investing activities (17,022) (910) (17,678) (1,556) Cash flows used for financing activities: Proceeds from long-term debt - - - 113,000 Payments on long-term debt (300) (11,000) (2,700) (22,000) Dividends paid on convertible preferred stock - - - (107,718) Dividends paid on common stock - - - (180) Payments to holders of vested stock options in lieu of dividends - - - (4,602) Financing costs paid - - - (2,239) Payment of costs related to initial public offering - (456) (354) (456) Proceeds from stock option exercises 6 - 9 - Other - (175) - (175) Net cash used for financing activities (294) (11,631) (3,045) (24,370) Net cash used for operating activities of discontinued operations - (338) (409) 380 Net cash used for investing activities of discontinued operations - - - (6) Net cash used for discontinued operations - (338) (409) 374 Effect of exchange rate changes 447 105 1,240 125 Net change in cash and cash equivalents for the period (3,401) 384 17,147 1,977 Cash and cash equivalents, beginning of period 78,073 7,277 57,525 5,684 Cash and cash equivalents, end of period $74,672 $7,661 $74,672 $7,661 DICE HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands) June 30, December 31, ASSETS 2008 2007 Current assets Cash and cash equivalents $74,672 $57,525 Marketable securities 15,600 150 Accounts receivable, net of allowance for doubtful accounts of $1,626 and $1,631 15,315 19,112 Deferred income taxes - current 7,856 13,750 Prepaid and other current assets 2,088 2,582 Current assets of discontinued operations - 195 Total current assets 115,531 93,314 Fixed assets, net 6,105 5,768 Acquired intangible assets, net 70,142 78,572 Goodwill 160,069 159,773 Deferred financing costs, net of accumulated amortization of $1,668 and $1,252 3,125 3,541 Other assets 411 484 Non-current assets of discontinued operations - 135 Total assets $355,383 $341,587 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $13,395 $11,971 Deferred revenue 49,350 46,230 Current portion of long-term debt 750 2,850 Income taxes payable 5,598 3,697 Current liabilities of discontinued operations - 1,404 Total current liabilities 69,093 66,152 Long-term debt 120,950 121,550 Deferred income taxes - non-current 20,794 26,256 Interest rate hedge liability 767 - Other long-term liabilities 6,721 7,002 Total liabilities 218,325 220,960 Total stockholders' equity 137,058 120,627 Total liabilities and stockholders' equity $355,383 $341,587 Supplemental Information and Non-GAAP Reconciliations

On the pages that follow, the Company has provided certain supplemental information that we believe will assist the reader in assessing our business operations and performance, including certain non-GAAP financial information and required reconciliations to the most comparable GAAP measure. Historical results for each quarter of 2006 and 2007 can be found at our website http://www.diceholdingsinc.com/ under the Investor Relations section. Supplemental schedules provided include:

Quarterly Adjusted EBITDA Reconciliation

A reconciliation of Adjusted EBITDA for the quarter and six months ended June 30, 2007 and 2008 is provided. This information provides the reader with the information we believe is necessary to analyze the Company.

Quarterly Supplemental Data and Certain Non-GAAP Reconciliations

On this schedule, the Company provides certain non-GAAP information for the quarter and six months ended June 30, 2007 and 2008 that we believe is useful to understanding the business operations of the Company, namely, Adjusted Revenues By Segment, which reflects historical revenues adjusted for the addition of deferred revenue that was previously written off as part of purchase accounting adjustments related to the eFinancialCareers acquisition.

DICE HOLDINGS, INC. QUARTERLY ADJUSTED EBITDA RECONCILIATIONS (Unaudited) (in thousands) For the three For the six months ended months ended June 30, June 30, 2008 2007 2008 2007 Reconciliation of Net Income to Adjusted EBITDA: Net income $7,551 $1,613 $11,836 $9,490 Discontinued operations - 234 (519) (4,436) Interest income (492) (82) (974) (156) Interest expense 2,484 4,293 5,168 6,640 Income tax expense 1,786 1,689 3,972 782 Depreciation 958 702 1,821 1,321 Amortization of intangible assets 4,237 4,773 8,479 10,001 Non-cash stock compensation expense 1,429 1,208 2,725 1,782 Other (income) expense (1,157) - 1,109 - Deferred revenue adjustment - 518 - 1,276 Adjusted EBITDA $16,796 $14,948 $33,617 $26,700 Reconciliation of Operating Cash Flows to Adjusted EBITDA: Net cash provided by operating activities $13,468 $13,158 $37,039 $27,404 Interest expense 2,484 4,293 5,168 6,640 Interest income (492) (82) (974) (156) Income tax expense 1,786 1,689 3,972 782 Deferred income taxes 304 (4,170) (189) 3,216 Change in accounts receivable (2,788) (347) (3,828) (1,419) Change in deferred revenue 2,956 (1,648) (3,074) (9,354) Changes in working capital (714) 1,488 (4,173) 3,083 Deferred financing costs (208) (185) (416) (336) Adjustments for cash flows from discontinued operations - 234 (519) (4,436) Gain on discontinued operations - - 611 - Deferred revenue adjustment - 518 - 1,276 Adjusted EBITDA $16,796 $14,948 $33,617 $26,700 DICE HOLDINGS, INC. NON-GAAP RECONCILIATIONS AND QUARTERLY SUPPLEMENTAL DATA (Unaudited) (dollars in thousands except per customer data) For the three For the six months ended months ended June 30, June 30, 2008 2007 2008 2007 Reconciliation of GAAP Reported Revenue by Segment to Adjusted Revenue by Segment DCS Online: Reported Actual $27,421 $25,233 $54,496 $48,584 DCS Online 27,421 25,233 54,496 48,584 eFinancialCareers: Reported Actual 9,920 6,497 19,701 11,642 Deferred Revenue Adjustment (1) - 301 - 680 eFinancialCareers 9,920 6,798 19,701 12,322 Other: Reported Actual 2,940 2,628 5,653 4,521 Deferred Revenue Adjustment (1) - 217 - 596 Other 2,940 2,845 5,653 5,117 Consolidated: Reported Actual $40,281 $34,358 $79,850 $64,747 Deferred Revenue Adjustment (1) - 518 - 1,276 Total Adjusted Revenue $40,281 $34,876 $79,850 $66,023 Percentage of Adjusted Revenue by Segment DCS Online 68.1% 72.4% 68.2% 73.6% eFinancialCareers 24.6% 19.5% 24.7% 18.7% Other 7.3% 8.2% 7.1% 7.7% 100.0% 100.0% 100.0% 100.0% Sales and Marketing Expense $15,895 $13,797 $30,801 $27,011 Sales and Marketing Expense as a Percentage of: Actual Revenue 39.5% 40.2% 38.6% 41.7% Adjusted Revenue 39.5% 39.6% 38.6% 40.9% Adjusted EBITDA $16,796 $14,948 $33,617 $26,700 Adjusted EBITDA Margin 41.7% 42.9% 42.1% 40.4% Dice.com Recruitment Package Customers Beginning of period 9,150 8,500 8,700 7,600 End of period 8,950 8,800 8,950 8,800 Dice.com Average Monthly Revenue per Recruitment Package Customer (2) $853 $830 n.a. n.a. Deferred Revenue $49,350 $43,854 n.a. n.a. Net cash provided by operating activities $13,468 $13,158 $37,039 $27,404 Purchases of fixed assets (1,394) (893) (2,150) (1,524) Free Cash Flows $12,074 $12,265 $34,889 $25,880 Segment Definitions: DCS Online: Dice.com and ClearanceJobs eFinancialCareers: eFinancialCareers worldwide, excluding North America Other: eFinancialCareers (North America), Targeted Job Fairs, JobsintheMoney (1) Deferred revenue adjustments are related to deferred revenue written off in application of purchase accounting. See discussion at "Supplemental Information and Non-GAAP Reconciliations". (2) Reflects simple average of three months in each quarterly period.

Dice Holdings, Inc.

CONTACT: Jennifer Bewley, Director, Investor Relations of Dice Holdings,
Inc., +1-212-448-4181, or IR@dice.com, or Media Relations, Rich Layne of ICR
Inc., +1-646-277-1219

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

BD Announces Results for Third Fiscal Quarter

FRANKLIN LAKES, N.J., July 24 /PRNewswire-FirstCall/ -- BD (Becton, Dickinson and Company) today reported record quarterly revenues of $1.868 billion for the third fiscal quarter ended June 30, 2008, representing an increase of 14.5 percent over the prior year period. This quarter's revenue growth rate reflects the favorable impact on all segments from foreign currency translation, which overall is estimated to account for nearly 7 percentage points of the increase in quarterly revenues.

"We are pleased that all segments and regions, particularly Europe and Asia, contributed to solid revenue growth," said Edward J. Ludwig, Chairman, President and Chief Executive Officer. "We are also pleased with our operating results, which in part, have enabled us to raise our earnings guidance once again despite continued pressure from increasing raw material costs."

Analyses of Third Quarter and Nine-Month Periods of Fiscal Year 2008 and 2007 Earnings

Reported diluted earnings per share from continuing operations were $1.18 for the third quarter of fiscal 2008 and 95 cents for the third quarter of fiscal 2007. For the nine-month period ending June 30, 2008, reported diluted earnings per share from continuing operations were $3.34. For the nine-month period ending June 30, 2007, reported diluted earnings per share from continuing operations were $2.38.

The following analysis (Table 1) of diluted earnings per share from continuing operations for the three-month and nine-month periods ended June 30, 2008 and 2007, identifies the specified items that affect comparability of results between periods. As illustrated, diluted earnings per share from continuing operations of $1.18 for the third fiscal quarter of 2008 increased by 20 percent over diluted earnings per share from continuing operations, excluding the specified item, of 98 cents for the third fiscal quarter of 2007. For the nine-month periods, diluted earnings per share from continuing operations of $3.34 for fiscal 2008 increased by 17 percent over comparable fiscal 2007 diluted earnings per share from continuing operations of $2.86, which exclude the specified items.

(Table 1) Three Months Ended June 30, Nine Months Ended June 30, FY2008 FY2007 % Change FY2008 FY2007 % Change Diluted EPS from Continuing Operations: $1.18 $0.95 24% $3.34 $2.38 40% Specified Items: In-Process Research and Development Charge - 0.03 (1) - 0.48 (2) Diluted EPS from Continuing Operations Excluding Specified Items: $1.18 $0.98 20% $3.34 $2.86 17% (1) Represents the effect on diluted earnings per share from continuing operations of the in-process research and development ("IPR&D") charge recorded in the third quarter of fiscal 2007 related to the Plasso Technology acquisition. (2) Represents the effect on diluted earnings per share from continuing operations of the IPR&D charges recorded in the third and first quarters of fiscal 2007 related to the Plasso and TriPath acquisitions, respectively. Segment Results

In the BD Medical segment, worldwide revenues for the quarter were $1.016 billion, representing an increase of 15 percent from the prior year period. Pharmaceutical Systems and Diabetes Care products led revenue growth in the segment. For the nine-month period ended June 30, 2008, the BD Medical segment reported 12 percent revenue growth.

In the BD Diagnostics segment, worldwide revenues for the quarter were $553 million, representing an increase of 13 percent from the prior year's quarter. Sales of safety-engineered devices, TriPath products and infectious disease testing systems contributed to revenue growth. For the nine-month period ended June 30, 2008, the BD Diagnostics segment reported 14 percent revenue growth.

In the BD Biosciences segment, worldwide revenues for the quarter were $298 million, representing an increase of 16 percent from the prior year's quarter. Demand for clinical and research instruments and reagents were the primary growth drivers. For the nine-month period ended June 30, 2008, the BD Biosciences segment reported 16 percent revenue growth.

Geographic Results

Third quarter revenues in the U.S. were $798 million, representing an increase of 4 percent over the prior year period. Revenues outside the U.S. were $1.069 billion, representing an increase of 24 percent over the prior year period, with approximately 13 percentage points of the increase resulting from the favorable impact of foreign currency translation.

For the nine-month period ended June 30, 2008, revenues in the U.S. were $2.372 billion, representing an increase of 6 percent over the prior year period. Revenues outside of the U.S. were $2.948 billion, representing an increase of 20 percent over the prior year period, with approximately 11 percentage points of the increase resulting from the favorable impact from foreign currency translation.

Fiscal 2008 Outlook for Full Year

The Company raised its guidance for full fiscal year 2008 diluted earnings per share from continuing operations to approximately 16 percent from approximately 13 to 14 percent over adjusted diluted earnings per share from continuing operations of $3.84 for the full fiscal year 2007. Reported diluted earnings per share from continuing operations for the full fiscal year 2007 were $3.36, which included 48 cents for in-process research and development charges related to the TriPath and Plasso acquisitions. Excluding these charges, adjusted diluted earnings per share from continuing operations for the full fiscal year 2007 were $3.84.

Conference Call Information

A conference call regarding BD's third fiscal quarter results and its expectations for the full fiscal year will be broadcast live on BD's website, http://www.bd.com/investors, at 10:00 a.m. (EDT) Thursday, July 24, 2008. The conference call will be available for replay on BD's website, http://www.bd.com/investors, or at 800-642-1687 (domestic) and 706-645-9291 (international), Conference ID: 52522900, through the close of business on Thursday, July 31, 2008.

This news release contains certain non-GAAP financial measures. A reconciliation of these and other measures to the comparable GAAP measures is included in this release and in the attached financial tables.

About BD

BD is a leading global medical technology company that develops, manufactures and sells medical devices, instrument systems and reagents. The Company is dedicated to improving people's health throughout the world. BD is focused on improving drug delivery, enhancing the quality and speed of diagnosing infectious diseases and cancers, and advancing research, discovery and production of new drugs and vaccines. BD's capabilities are instrumental in combating many of the world's most pressing diseases. Founded in 1897 and headquartered in Franklin Lakes, New Jersey, BD employs approximately 28,000 people in approximately 50 countries throughout the world. The Company serves healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public. For more information, please visit http://www.bd.com/.

This press release, including the section entitled "Fiscal 2008 Outlook for Full Year," contains certain estimates and other forward-looking statements (as defined under Federal securities laws) regarding BD's performance, including future revenues, earnings per share and income, or events or developments that BD expects to occur or anticipates occurring in the future. All such statements are based upon current expectations of BD and involve a number of business risks and uncertainties. Actual results could vary materially from anticipated results described, implied or projected in any forward-looking statement. With respect to forward-looking statements contained herein, factors that could cause actual results to vary materially from any forward-looking statement include, but are not limited to: competitive factors; pricing and market share pressures; changes in interest or foreign currency exchange rates; difficulties inherent in product development and delays in product introductions; changes in regional, national or foreign economic conditions; further increases in energy costs and their effect on, among other things, the cost of producing BD's products; fluctuations in costs and availability of raw materials and in BD's ability to maintain favorable supplier arrangements and relationships; uncertainties of litigation (as described in BD's filings with the Securities and Exchange Commission); the effects of potential pandemic diseases; changes in healthcare or other governmental regulation; and issuance of new or revised accounting standards, as well as other factors discussed in this press release and in BD's filings with the Securities and Exchange Commission. We do not intend to update any forward-looking statements to reflect events or circumstances after the date hereof except as required by applicable laws or regulations.

BECTON DICKINSON AND COMPANY CONSOLIDATED INCOME STATEMENTS (Unaudited; Amounts in thousands, except per share data) Three Months Ended June 30, 2008 2007 % Change REVENUES $1,867,587 $1,631,159 14.5 Cost of products sold 917,362 791,071 16.0 Selling and administrative 440,588 412,164 6.9 Research and development 100,071 92,993 7.6 Acquired in-process research and development - 7,394 NM TOTAL OPERATING COSTS AND EXPENSES 1,458,021 1,303,622 11.8 OPERATING INCOME 409,566 327,537 25.0 Interest income 10,956 11,938 (8.2) Interest expense (9,017) (11,598) (22.3) Other income, net (1,285) 1,774 NM INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 410,220 329,651 24.4 Income tax provision 112,811 89,182 26.5 INCOME FROM CONTINUING OPERATIONS 297,409 240,469 23.7 (LOSS)/INCOME FROM DISCONTINUED OPERATIONS NET OF INCOME TAX (BENEFIT)/PROVISION OF $(197) AND $2,704, RESPECTIVELY (320) 4,340 NM NET INCOME $297,089 $244,809 21.4 EARNINGS PER SHARE Basic: Income from continuing operations $1.22 $0.98 24.5 Income from discontinued operations $- $0.02 NM Net income $1.22 $1.00 22.0 Diluted: Income from continuing operations $1.18 $0.95 24.2 Income from discontinued operations $- $0.02 NM Net income (1) $1.18 $0.96 22.9 AVERAGE SHARES OUTSTANDING Basic 244,273 244,918 Diluted 251,648 254,128 NM - Not Meaningful (1) Total per share amounts may not add due to rounding. BECTON DICKINSON AND COMPANY SUPPLEMENTAL INFORMATION (Unaudited; Amounts in thousands, except per-share data) Three Months Ended June 30, 2007 As Plasso Excluding Reported IPR&D (1) Item Operating Income $327,537 $7,394 $334,931 as a % of revenues 20.1% 20.5% Income Taxes 89,182 - 89,182 effective tax rate 27.1% 26.5% Income from continuing operations 240,469 7,394 247,863 as a % of revenues 14.7% 15.2% Diluted earnings per share Income from continuing operations $0.95 $0.03 $0.98 (1) Represents the acquired in-process research and development charge of $7,394 related to the Plasso acquisition. BECTON DICKINSON AND COMPANY CONSOLIDATED INCOME STATEMENTS (Unaudited; Amounts in thousands, except per share data) Nine Months Ended June 30, 2008 2007 % Change REVENUES $5,320,279 $4,708,607 13.0 Cost of products sold 2,601,016 2,264,544 14.9 Selling and administrative 1,277,828 1,202,879 6.2 Research and development 287,633 259,620 10.8 Acquired in-process research and development - 122,133 NM TOTAL OPERATING COSTS AND EXPENSES 4,166,477 3,849,176 8.2 OPERATING INCOME 1,153,802 859,431 34.3 Interest income 32,489 37,138 (12.5) Interest expense (27,455) (36,152) (24.1) Other income, net 252 5,278 NM INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,159,088 865,695 33.9 Income tax provision 315,147 258,636 21.8 INCOME FROM CONTINUING OPERATIONS 843,941 607,059 39.0 INCOME FROM DISCONTINUED OPERATIONS NET OF INCOME TAX PROVISION OF $538 AND $14,066, RESPECTIVELY 880 23,162 NM NET INCOME $844,821 $630,221 34.1 EARNINGS PER SHARE Basic: Income from continuing operations $3.45 $2.47 39.7 Income from discontinued operations $- $0.09 NM Net income (1) $3.46 $2.57 34.6 Diluted: Income from continuing operations $3.34 $2.38 40.3 Income from discontinued operations $- $0.09 NM Net income $3.34 $2.47 35.2 AVERAGE SHARES OUTSTANDING Basic 244,478 245,296 Diluted 252,944 255,129 NM - Not Meaningful (1) Total per share amounts may not add due to rounding. BECTON DICKINSON AND COMPANY SUPPLEMENTAL INFORMATION (Unaudited; Amounts in thousands, except per share data) Nine Months Ended June 30, 2007 As TriPath Plasso Excluding Reported IPR&D (1) IPR&D (1) Items Operating Income $859,431 $114,739 $7,394 981,564 as a % of revenues 18.3% 20.8% Income taxes 258,636 - - 258,636 effective tax rate 29.9% 26.2% Income from continuing operations 607,059 114,739 7,394 729,192 as a % of revenues 12.9% 15.5% Diluted earnings per share Income from continuing operations $2.38 $0.45 $0.03 $2.86 (1) Represents the acquired in-process research and development charges of $114,739 and $7,394 related to the TriPath and Plasso acquisitions, respectively. Fiscal Year 2007 As Excluding Reported IPR&D (2) Items Diluted earnings per share Income from continuing operations $3.36 $0.48 $3.84 (2) Represents the acquired in-process research and development charges related to the TriPath and Plasso acquisitions. BECTON DICKINSON AND COMPANY SUPPLEMENTAL REVENUE INFORMATION REVENUES BY SEGMENT AND GEOGRAPHIC AREA (Unaudited; Amounts in thousands) Three Months Ended June 30, 2008 2007 % Change BD MEDICAL United States $401,918 $385,546 4.2 International 614,478 496,440 23.8 TOTAL $1,016,396 $881,986 15.2 BD DIAGNOSTICS United States $280,118 $272,946 2.6 International 273,304 218,579 25.0 TOTAL $553,422 $491,525 12.6 BD BIOSCIENCES United States $116,239 $109,593 6.1 International 181,530 148,055 22.6 TOTAL $297,769 $257,648 15.6 TOTAL REVENUES United States $798,275 $768,085 3.9 International 1,069,312 863,074 23.9 TOTAL $1,867,587 $1,631,159 14.5 BECTON DICKINSON AND COMPANY SUPPLEMENTAL REVENUE INFORMATION REVENUES BY SEGMENT AND GEOGRAPHIC AREA (Unaudited; Amounts in thousands) Nine Months Ended June 30, 2008 2007 % Change BD MEDICAL United States $1,197,689 $1,146,143 4.5 International 1,650,243 1,406,233 17.4 TOTAL $2,847,932 $2,552,376 11.6 BD DIAGNOSTICS United States $840,695 $781,644 7.6 International 766,050 625,512 22.5 TOTAL $1,606,745 $1,407,156 14.2 BD BIOSCIENCES United States $333,891 $314,942 6.0 International 531,711 434,133 22.5 TOTAL $865,602 $749,075 15.6 TOTAL REVENUES United States $2,372,275 $2,242,729 5.8 International 2,948,004 2,465,878 19.6 TOTAL $5,320,279 $4,708,607 13.0 BECTON DICKINSON AND COMPANY SUPPLEMENTAL REVENUE INFORMATION REVENUES BY BUSINESS SEGMENTS AND UNITS Three Months Ended June 30, (Unaudited; Amounts in thousands) United States 2008 2007 % Change BD MEDICAL Medical Surgical Systems $243,960 $238,360 2.3 Diabetes Care 102,663 92,116 11.4 Pharmaceutical Systems 49,125 48,692 0.9 Ophthalmic Systems 6,170 6,378 (3.3) TOTAL $401,918 $385,546 4.2 BD DIAGNOSTICS Preanalytical Systems $144,416 $139,572 3.5 Diagnostic Systems 135,702 133,374 1.7 TOTAL $280,118 $272,946 2.6 BD BIOSCIENCES Cell Analysis (1) $80,186 $71,686 11.9 Discovery Labware 36,053 37,907 (4.9) TOTAL $116,239 $109,593 6.1 TOTAL UNITED STATES $798,275 $768,085 3.9 (1) Cell Analysis consists of the Immunocytometry Systems and the Pharmingen units that were previously reported separately. BECTON DICKINSON AND COMPANY SUPPLEMENTAL REVENUE INFORMATION REVENUES BY BUSINESS SEGMENTS AND UNITS Three Months Ended June 30, (continued) (Unaudited; Amounts in thousands) International % Change FX FX 2008 2007 Reported Neutral Impact BD MEDICAL Medical Surgical Systems $272,064 $233,835 16.3 6.1 10.2 Diabetes Care 97,298 82,754 17.6 4.8 12.8 Pharmaceutical Systems 230,346 168,057 37.1 19.6 17.5 Ophthalmic Systems 14,770 11,794 25.2 12.6 12.6 TOTAL $614,478 $496,440 23.8 10.6 13.2 BD DIAGNOSTICS Preanalytical Systems $146,345 $121,761 20.2 7.5 12.7 Diagnostic Systems 126,959 96,818 31.1 18.4 12.7 TOTAL $273,304 $218,579 25.0 12.3 12.7 BD BIOSCIENCES Cell Analysis (1) $141,889 $115,494 22.9 10.4 12.5 Discovery Labware 39,641 32,561 21.7 8.7 13.0 TOTAL $181,530 $148,055 22.6 10.0 12.6 TOTAL INTERNATIONAL $1,069,312 $863,074 23.9 10.9 13.0 (1) Cell Analysis consists of the Immunocytometry Systems and the Pharmingen units that were previously reported separately. BECTON DICKINSON AND COMPANY SUPPLEMENTAL REVENUE INFORMATION REVENUES BY BUSINESS SEGMENTS AND UNITS Three Months Ended June 30, (continued) (Unaudited; Amounts in thousands) Total % Change FX FX 2008 2007 Reported Neutral Impact BD MEDICAL Medical Surgical Systems $516,024 $472,195 9.3 4.2 5.1 Diabetes Care 199,961 174,870 14.3 8.3 6.0 Pharmaceutical Systems 279,471 216,749 28.9 15.4 13.5 Ophthalmic Systems 20,940 18,172 15.2 7.0 8.2 TOTAL $1,016,396 $881,986 15.2 7.8 7.4 BD DIAGNOSTICS Preanalytical Systems $290,761 $261,333 11.3 5.3 6.0 Diagnostic Systems 262,661 230,192 14.1 8.7 5.4 TOTAL $553,422 $491,525 12.6 6.9 5.7 BD BIOSCIENCES Cell Analysis (1) $222,075 $187,180 18.6 10.9 7.7 Discovery Labware 75,694 70,468 7.4 1.4 6.0 TOTAL $297,769 $257,648 15.6 8.3 7.3 TOTAL REVENUES $1,867,587 $1,631,159 14.5 7.6 6.9 (1) Cell Analysis consists of the Immunocytometry Systems and the Pharmingen units that were previously reported separately. BECTON DICKINSON AND COMPANY SUPPLEMENTAL REVENUE INFORMATION REVENUES BY BUSINESS SEGMENTS AND UNITS Nine Months Ended June 30, (Unaudited; Amounts in thousands) United States 2008 2007 % Change BD MEDICAL Medical Surgical Systems $729,152 $711,545 2.5 Diabetes Care 298,071 280,255 6.4 Pharmaceutical Systems 151,882 135,961 11.7 Ophthalmic Systems 18,584 18,382 1.1 TOTAL $1,197,689 $1,146,143 4.5 BD DIAGNOSTICS Preanalytical Systems $428,391 $403,211 6.2 Diagnostic Systems 412,304 378,433 9.0 TOTAL $840,695 $781,644 7.6 BD BIOSCIENCES Cell Analysis (1) $225,814 $205,237 10.0 Discovery Labware 108,077 109,705 (1.5) TOTAL $333,891 $314,942 6.0 TOTAL UNITED STATES $2,372,275 $2,242,729 5.8 (1) Cell Analysis consists of the Immunocytometry Systems and the Pharmingen units that were previously reported separately. BECTON DICKINSON AND COMPANY SUPPLEMENTAL REVENUE INFORMATION REVENUES BY BUSINESS SEGMENTS AND UNITS Nine Months Ended June 30, (continued) (Unaudited; Amounts in thousands) International % Change 2008 2007 Reported FX Neutral FX Impact BD MEDICAL Medical Surgical Systems $766,401 $675,741 13.4 3.7 9.7 Diabetes Care 278,736 234,491 18.9 7.1 11.8 Pharmaceutical Systems 563,969 462,540 21.9 8.3 13.6 Ophthalmic Systems 41,137 33,461 22.9 11.6 11.3 TOTAL $1,650,243 $1,406,233 17.4 6.0 11.4 BD DIAGNOSTICS Preanalytical Systems $408,031 $342,941 19.0 7.5 11.5 Diagnostic Systems 358,019 282,571 26.7 15.8 10.9 TOTAL $766,050 $625,512 22.5 11.3 11.2 BD BIOSCIENCES Cell Analysis(1) $421,095 $339,146 24.2 13.0 11.2 Discovery Labware 110,616 94,987 16.5 5.4 11.1 TOTAL $531,711 $434,133 22.5 11.4 11.1 TOTAL INTER- NATIONAL $2,948,004 $2,465,878 19.6 8.3 11.3 (1) Cell Analysis consists of the Immunocytometry Systems and the Pharmingen units that were previously reported separately. BECTON DICKINSON AND COMPANY SUPPLEMENTAL REVENUE INFORMATION REVENUES BY BUSINESS SEGMENTS AND UNITS Nine Months Ended June 30, (continued) (Unaudited; Amounts in thousands) Total % Change 2008 2007 Reported FX Neutral FX Impact BD MEDICAL Medical Surgical Systems $1,495,553 $1,387,286 7.8 3.1 4.7 Diabetes Care 576,807 514,746 12.1 6.7 5.4 Pharmaceutical Systems 715,851 598,501 19.6 9.0 10.6 Ophthalmic Systems 59,721 51,843 15.2 7.9 7.3 TOTAL $2,847,932 $2,552,376 11.6 5.3 6.3 BD DIAGNOSTICS Preanalytical Systems $836,422 $746,152 12.1 6.8 5.3 Diagnostic Systems 770,323 661,004 16.5 11.9 4.6 TOTAL $1,606,745 $1,407,156 14.2 9.2 5.0 BD BIOSCIENCES Cell Analysis(1) $646,909 $544,383 18.8 11.9 6.9 Discovery Labware 218,693 204,692 6.8 1.7 5.1 TOTAL $865,602 $749,075 15.6 9.1 6.5 TOTAL REVENUES $5,320,279 $4,708,607 13.0 7.1 5.9 (1) Cell Analysis consists of the Immunocytometry Systems and the Pharmingen units that were previously reported separately.

BD (Becton, Dickinson and Company)

CONTACT: Patricia A. Spinella, Investor Relations, +1-201-847-5453, or
Colleen T. White, Corporate Communications, +1-201-847-5369, both for BD -
Becton, Dickinson and Company

Web site: http://www.bd.com/
http://www.bd.com/investors

WESCO International, Inc. Reports Record Sales and Increased Earnings Per Share for the Second Quarter Ended June 2008Consolidated net sales increase 6.3%; earnings per share increase 13%; 900 thousand shares repurchased

PITTSBURGH, July 24 /PRNewswire-FirstCall/ -- WESCO International, Inc. , a leading provider of electrical MRO products, construction materials and advanced integrated supply procurement outsourcing services, announced today its second quarter 2008 financial results.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030508/WCCLOGO )

Consolidated net sales for the second quarter of 2008 were $1,588 million compared to $1,518 million in 2007, an increase of 4.6%. Consolidated net sales grew 6.3% after adjusting for a previously announced divestiture. Gross margin for the current quarter was 19.5% compared to 20.3% in 2007. Operating income for the current quarter totaled $96.8 million versus $103.6 million in last year's second quarter. Depreciation and amortization included in operating income was $6.7 million for 2008 compared to $9.2 million in 2007. Net income for this quarter was $60.1 million versus $59.6 million in the comparable 2007 quarter. Diluted earnings per share for the quarter were $1.38 per share versus $1.22 per share in 2007.

Mr. Stephen A. Van Oss, Senior Vice President and Chief Financial and Administrative Officer stated, "Strong execution on our sales and operational activities during the quarter combined to produce record sales and earnings per share in the face of softening end markets. Consolidated sales increased over 6% for the quarter and marked the strongest sales growth since the third quarter of 2006. As expected, we are experiencing a tougher pricing environment which has put pressure on our gross margins. We are focused on getting supplier price increases implemented throughout the channel and expect to see margins improve as this is accomplished. Cost control efforts were effective in reducing SG&A expenses from the first quarter of the year as we achieved a net reduction in total employment during the quarter while increasing our investment in our sales force expansion. The increased investment in our sales force, we believe, is driving additional top line revenues and enabling us to further engage in a broader range of sales related activities."

Mr. Van Oss continued, "Our financial position is solid and our liquidity is now in excess of $300 million. During the quarter, we utilized our positive cash flow to purchase $36 million of stock while reducing financial leverage from last year. We will continue to take a measured approach in utilizing our free cash flow and liquidity position for acquisitions and share repurchases while maintaining our strong capital structure."

Consolidated net sales for the six months ended June 30, 2008 were $3,053 million versus $2,969 million in last year's comparable period, a 2.8% increase. Consolidated net sales grew 4.6% after adjusting for a previously announced divestiture. Gross margin in the current six-month period was 19.8% versus 20.5% last year and operating income totaled $173.9 million versus $186.1 million last year. Depreciation and amortization included in operating income was $13.6 million versus $18.1 million last year. Net income for the 2008 year-to-date period was $105.0 million versus $107.8 million last year. Diluted earnings per share were $2.39 per share in 2008 versus $2.14 per share in 2007.

Mr. Roy W. Haley, Chairman and Chief Executive Officer, commented, "We are encouraged by our quarterly results and believe we are taking the appropriate steps to expand our leading market roles. We continue to have frequent dialogue with our customers and suppliers, and we remain convinced our business model is generating new opportunities and is responsive to current market conditions. We are experiencing an ongoing trend where customers seek out large, well-capitalized partners who have the ability to serve their regional, national, and global needs with innovative supply chain solutions, a broad range of products, and competitive pricing. We are working hard to meet that challenge today and are determined to further extend our leadership position going forward."

Teleconference

WESCO will conduct a teleconference to discuss the second quarter earnings as described in this News Release on Thursday, July 24, 2008, at 11:00 a.m. E.D.T. The conference call will be broadcast live over the Internet and can be accessed from the Company's website at http://www.wesco.com/. The conference call will be archived on this Internet site for seven days.

WESCO International, Inc. is a publicly traded Fortune 500 holding company, headquartered in Pittsburgh, Pennsylvania, whose primary operating entity is WESCO Distribution, Inc. WESCO Distribution is a leading distributor of electrical construction products and electrical and industrial maintenance, repair and operating (MRO) supplies, and is the nation's largest provider of integrated supply services. 2007 annual sales were approximately $6.0 billion. The Company employs approximately 7,300 people, maintains relationships with over 24,000 suppliers, and serves more than 110,000 customers worldwide. Major markets include commercial and industrial firms, contractors, government agencies, educational institutions, telecommunications businesses and utilities. WESCO operates seven fully automated distribution centers and more than 400 full-service branches in North America and selected international markets, providing a local presence for area customers and a global network to serve multi-location businesses and multi-national corporations.

The matters discussed herein may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. Certain of these risks are set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2007, as well as the Company's other reports filed with the Securities and Exchange Commission

WESCO INTERNATIONAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (dollar amounts in millions, except per share amounts) (Unaudited) Three Months Ended Three Months Ended June 30, 2008 June 30, 2007 Net sales $1,587.8 $1,518.1 Cost of goods sold (excluding depreciation and amortization below) 1,277.4 80.5% 1,210.0 79.7% Selling, general and administrative expenses 206.9 13.0% 195.3 12.9% Depreciation and amortization 6.7 9.2 Income from operations 96.8 6.1% 103.6 6.8% Interest expense, net 12.5 16.8 Other (income) expense (2.6) - Income before income taxes 86.9 5.5% 86.8 5.7% Provision for income taxes 26.8 27.2 Net income $60.1 3.8% $59.6 3.9% Diluted earnings per common share $1.38 $1.22 Weighted average common shares outstanding and common share equivalents used in computing diluted earnings per share (in millions) 43.6 48.7 Six Months Ended Six Months Ended June 30, 2008 June 30, 2007 Net sales $3,053.0 $2,968.7 Cost of goods sold (excluding depreciation and amortization below) 2,447.0 80.2% 2,361.6 79.5% Selling, general and administrative expenses 418.5 13.7% 402.9 13.6% Depreciation and amortization 13.6 18.1 Income from operations 173.9 5.7% 186.1 6.3% Interest expense, net 27.1 29.0 Other (income) expense (5.4) - Income before income taxes 152.2 5.0% 157.1 5.3% Provision for income taxes 47.2 49.3 Net income $105.0 3.4% $107.8 3.6% Diluted earnings per common share $2.39 $2.14 Weighted average common shares outstanding and common share equivalents used in computing diluted earnings per share (in millions) 43.8 50.4 WESCO INTERNATIONAL, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (dollar amounts in millions) (Unaudited) Assets June 30, December 31, 2008 2007 Current Assets Cash and cash equivalents $115.5 $72.3 Trade accounts receivable, net 918.8 844.5 Inventories, net 646.5 666.0 Other current assets 62.2 97.7 Total current assets 1,743.0 1,680.5 Other assets 1,156.2 1,179.4 Total assets $2,899.2 $2,859.9 Liabilities and Stockholders' Equity Current Liabilities Accounts payable $712.8 $626.3 Other current liabilities 631.3 665.6 Total current liabilities 1,344.1 1,291.9 Long-term debt 742.7 811.3 Other noncurrent liabilities 143.0 148.2 Total liabilities 2,229.8 2,251.4 Stockholders' Equity Total stockholders' equity 669.4 608.5 Total liabilities and stockholders' equity $2,899.2 $2,859.9 WESCO INTERNATIONAL, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Unaudited) Twelve Months Twelve Months Ended Ended June 30, 2008 June 30, 2007 Financial Leverage: (dollar amounts in thousands) Income from operations $381,992 $379,470 Depreciation and amortization 32,268 34,180 EBITDA $414,260 $413,650 Short term debt 500,000 495,500 Current debt 2,730 2,632 Long term debt 742,693 838,485 Total debt $1,245,423 $1,336,617 Financial leverage ratio 3.0 3.2 Free Cash Flow: Three Months Six Months (dollar amounts in millions) Ended Ended June 30, 2008 June 30, 2008 Net Income $60.1 $105.0 Depreciation and amortization 6.7 13.6 Accounts receivable (53.2) (70.1) Inventory (30.8) (3.9) Accounts payable 73.5 96.9 Other (10.3) (3.5) Cash flow provided by operations $46.0 $138.0 Less: Capital expenditures (8.3) (19.6) Free cash flow $37.7 $118.4 Note: Free cash flow is provided by the Company as an additional liquidity measure. Capital expenditures are deducted from operating cash flow to determine free cash flow. This amount represents excess funds available to management to service all of its financing needs. WESCO INTERNATIONAL, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (CONTINUED) (dollar amounts in millions) (Unaudited) Three Months Three Months Ended Ended Gross Profit: June 30, 2008 June 30, 2007 Net sales $1,587.8 $1,518.1 Cost of goods sold (excluding depreciation and amortization) 1,277.4 1,210.0 Gross profit $310.4 $308.1 Gross margin 19.5% 20.3% Six Months Six Months Ended Ended June 30, 2008 June 30, 2007 Net sales $3,053.0 $2,968.7 Cost of goods sold (excluding depreciation and amortization) 2,447.0 2,361.6 Gross profit $606.0 $607.1 Gross margin 19.8% 20.5% Note: Gross profit is provided by the Company as an additional financial measure. Gross profit is calculated by deducting cost of goods sold, excluding depreciation and amortization, from net sales. This amount represents an important financial measure within the distribution industry. Gross margin is calculated by dividing gross profit by net sales.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030508/WCCLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com WESCO International, Inc.

CONTACT: Stephen A. Van Oss, Senior Vice President and Chief Financial
and Administrative Officer, WESCO International, Inc., +1-412-454-2271, Fax:
+1-412-454-2477

Web site: http://www.wescodist.com/
http://www.wesco.com/

Benchmark Electronics Reports Results for the Quarter Ended June 30, 2008

ANGLETON, Texas, July 24 /PRNewswire-FirstCall/ -- Benchmark Electronics, Inc. , a leading contract manufacturing provider, announced sales of $682 million for the quarter ended June 30, 2008, compared to $756 million for the same quarter in the prior year. Second quarter net income was $22 million, or $0.33 per diluted share. In the comparable period of 2007, net income was $26 million, or $0.35 per diluted share.

Excluding amortization of intangibles and the impact of stock-based compensation costs, the Company would have reported net income of $24 million, or $0.35 per diluted share, in the second quarter of 2008. Excluding restructuring charges, integration costs, amortization of intangibles and the impact of stock-based compensation costs, the Company would have reported net income of $29 million, or $0.39 per diluted share, in the second quarter of 2007.

"Our focus in this environment is on strong operational execution and solid program bookings," said Cary T. Fu, the Company's Chief Executive Officer. "Operationally our execution was solid during the second quarter, although revenues were impacted by maturing programs declining at a more rapid pace than our new programs ramped, and by the impact of a soft macro environment. We believe this is a near-term challenge and that we are well positioned for growth, given the number of new programs that we have won."

Second Quarter 2008 Financial Highlights

-- Operating margin for the second quarter was 3.4% on a GAAP basis and was 3.6%, excluding amortization of intangibles and the impact of stock-based compensation expense.

-- Cash flows provided by operating activities for the second quarter were approximately $2 million.

-- Cash, short-term and long-term investments balance was $344 million at June 30, 2008. Long-term investments consist of $55 million of auction rate securities.

-- Accounts receivable was $472 million at June 30, 2008; calculated days sales outstanding were 62 days.

-- Inventory was $393 million at June 30, 2008; inventory turns were 6.5 times.

-- Repurchases of common shares for the second quarter totaled $30 million. On July 21, 2008, the Company completed the repurchase of 6.8 million shares under the $125 million share repurchase program approved in July 2007.

Third Quarter 2008 Outlook

Looking forward, sales for the third quarter of 2008 are expected to range from $650 million to $690 million. Diluted earnings per share for the third quarter, excluding amortization of intangibles and the impact of stock-based compensation expense, are expected to be between $0.32 and $0.37.

Non-GAAP Financial Measures

This press release includes financial measures for earnings and earnings per share that exclude certain items and therefore are not in accordance with generally accepted accounting principles (GAAP). A detailed reconciliation between the GAAP results and results excluding special items (non-GAAP) is included at the end of this press release. By disclosing this non-GAAP information, management intends to provide investors with additional information to further analyze the company's performance and underlying trends. Management utilizes a measure of net income and earnings per share on a non-GAAP basis that excludes certain items to better assess operating performance and to help investors compare our results with our previous guidance.

The non-GAAP information included in this press release is not necessarily comparable to non-GAAP information of other companies. Non-GAAP information should not be viewed as a substitute for, or superior to, net income or other data prepared in accordance with GAAP as measures of our profitability or liquidity. Users of this financial information should consider the types of events and transactions for which adjustments have been made.

Forward-Looking Statements

This news release contains certain forward-looking statements within the scope of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words "expect," "estimate," "anticipate," "predict," and similar expressions, and the negatives of such expressions, are intended to identify forward-looking statements. Our forward-looking statements may be deemed to include, among other things, the statement that "we believe this is a near-term challenge and that we are well positioned for growth, given the number of new programs that we have won", and our sales and earnings per share guidance for the third quarter of 2008, as well as other statements, express or implied, concerning: future operating results or the ability to generate sales, income or cash flow; and Benchmark's business and growth strategies, including expected internal growth and performance goals. Although Benchmark believes that these statements are based upon reasonable assumptions, such statements involve risks, uncertainties and assumptions, including but not limited to industry and economic conditions, and customer actions.

All forward-looking statements included in this release are based upon information available to Benchmark as of the date of the release, and Benchmark assumes no obligation to update any such forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Persons are advised to consult further disclosures on related subjects in Benchmark's Form 10-K for the year ended December 31, 2007, in its other filings with the Securities and Exchange Commission and in its press releases.

Additional Information

Benchmark Electronics, Inc. provides electronics manufacturing, design and engineering services to original equipment manufacturers of computers and related products for business enterprises, medical devices, industrial control equipment, testing and instrumentation products, and telecommunication equipment. Benchmark's global operations include 20 facilities in ten countries. Benchmark's Common Shares trade on the New York Stock Exchange under the symbol BHE.

A conference call hosted by Benchmark management will be held today at 10:00 am (Central time) to discuss the financial results of the Company and its future outlook. This call will be broadcast via the Internet and may be accessed by logging on to our website at http://www.bench.com/.

Benchmark Electronics, Inc. and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Results (Amounts in Thousands, Except Per Share Data) (UNAUDITED) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Income from operations (GAAP) $22,918 $27,624 $44,411 $55,072 Stock-based compensation 1,260 1,184 2,048 1,812 Restructuring charges and integration costs -- 2,205 -- 5,550 Amortization of intangibles 447 447 894 894 Non-GAAP income from operations $24,625 $31,460 $47,353 $63,328 Net income (GAAP) $22,432 $25,921 $45,051 $50,397 Stock-based compensation, net of tax 877 803 1,434 1,245 Restructuring charges and integration costs, net of tax -- 1,551 -- 4,168 Amortization of intangibles, net of tax 285 292 570 614 Non-GAAP net income $23,594 $28,567 $47,055 $56,424 Numerator for basic earnings per share -- net income (GAAP) $22,432 $25,921 $45,051 $50,397 Interest expense on convertible debt, net of tax -- 32 -- 147 Numerator for diluted earnings per share (GAAP) $22,432 $25,953 $45,051 $50,544 Earnings per share: (GAAP) Basic $0.33 $0.36 $0.66 $0.70 Diluted $0.33 $0.35 $0.66 $0.69 Numerator for basic earnings per share -- net income (Non-GAAP) $23,594 $28,567 $47,055 $56,424 Interest expense on convertible debt, net of tax -- 32 -- 147 Numerator for diluted earnings per share (Non-GAAP) $23,594 $28,599 $47,055 $56,571 Earnings per share: (Non-GAAP) Basic $0.35 $0.39 $0.69 $0.78 Diluted $0.35 $0.39 $0.69 $0.77 Weighted average shares used in calculating earnings per share: Basic 67,541 72,540 68,436 71,991 Diluted 67,714 73,346 68,672 73,026 Benchmark Electronics, Inc. and Subsidiaries Consolidated Statements of Income (Amounts in Thousands, Except Per Share Data) (UNAUDITED) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Net sales $682,416 $756,295 $1,366,725 $1,508,777 Cost of sales 636,389 701,800 1,275,483 1,399,794 Gross profit 46,027 54,495 91,242 108,983 Selling, general and administrative expenses 22,662 24,219 45,937 47,467 Amortization of intangibles 447 447 894 894 Restructuring charges and integration costs -- 2,205 -- 5,550 Income from operations 22,918 27,624 44,411 55,072 Other income (expense): Interest income 1,986 2,700 5,229 4,449 Interest expense (359) (564) (724) (1,375) Other 709 887 2,337 853 Total other income, net 2,336 3,023 6,842 3,927 Income before income taxes 25,254 30,647 51,253 58,999 Income tax expense 2,822 4,726 6,202 8,602 Net income $22,432 $25,921 $45,051 $50,397 Numerator for basic earnings per share -- net income $22,432 $25,921 $45,051 $50,397 Interest expense on convertible debt, net of tax -- 32 -- 147 Numerator for diluted earnings per share $22,432 $25,953 $45,051 $50,544 Denominator for basic earnings per share -- weighted average number of common shares outstanding during the period 67,541 72,540 68,436 71,991 Incremental common shares attributable to exercise of outstanding equity instruments 173 806 236 1,035 Denominator for diluted earnings per share 67,714 73,346 68,672 73,026 Earnings per share: Basic $0.33 $0.36 $0.66 $0.70 Diluted $0.33 $0.35 $0.66 $0.69 Benchmark Electronics, Inc. and Subsidiaries Condensed Consolidated Balance Sheet June 30, 2008 (Amounts in Thousands) (UNAUDITED) Assets Current assets: Cash and cash-equivalents $288,015 Short-term investments 1,000 Accounts receivable, net 472,183 Inventories, net 393,020 Other current assets 58,818 Total current assets 1,213,036 Long-term investments 55,484 Property, plant and equipment, net 145,209 Other assets, net 27,337 Goodwill, net 285,125 Total assets $1,726,191 Liabilities and Shareholders' Equity Current liabilities: Current installments of long-term debt and capital lease obligations $333 Accounts payable 339,715 Accrued liabilities 55,051 Total current liabilities 395,099 Long-term debt and capital lease obligations, less current installments 12,000 Other long-term liabilities 44,505 Shareholders' equity 1,274,587 Total liabilities and shareholders' equity $1,726,191

Benchmark Electronics, Inc.

CONTACT: Ellen M. Dylla, Investor Relations of Benchmark Electronics,
Inc., +1-979-849-6550

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

Streamline Health(R) Signs Catholic Healthcare West for Integrated Document Workflow SolutionsStreamline Health Solutions Enable Nation's Eighth Largest Healthcare System to Enhance the Flow of Health Information for a Complete Story of Patient Care

CINCINNATI, July 24 /PRNewswire-FirstCall/ -- Streamline Health Solutions, Inc. today announced that Catholic Healthcare West (CHW), the nation's eighth largest hospital system based in San Francisco, has selected Streamline Health's enterprise document management and workflow solutions for select hospitals and medical centers. These solutions will integrate with CHW's current systems, including Cerner and McKesson, to establish a single point of access to essential health information.

Elevating Patient Care with Technology

With a mission to deliver excellent, compassionate and affordable healthcare, Catholic Healthcare West, with facilities in California, Arizona and Nevada, is dedicated to improving the quality of life in all the communities it serves. This not-for-profit organization is investing strategically in technology enhancements that will improve the ability of its more than 9,500 physicians and approximately 50,000 employees to care for all in need. Streamline Health will help enhance efficiencies at specific CHW hospital facilities with the implementation of a permanent, document-based repository of health information and workflow solutions to improve business and clinical processes.

"Streamline Health offers an integrated solution that is focused on creating greater operating efficiencies across our facilities," stated Kelley Moore, Vice President, Enterprise and Hospital Technology, Catholic Healthcare West. "Our healthcare professionals will have immediate access to comprehensive patient information when they need it, expediting workflows to optimize patient care and streamline overall business processes."

Streamline Health's enterprise document workflow solutions will equip healthcare professionals at CHW with seamless access to document-based patient information. CHW has selected Streamline Health's enterprise solution, consisting of the Health Information Management (HIM) suite and Patient Financial Services (PFS) suite, with accessANYware(TM), Completion Workflow, Coding Workflow and Release of Information Workflow. CHW will also use Streamline Health's Document Capture products, such as RegScan(TM), PowerScan(TM) and DataManager(TM), to deliver high-speed production scanning and indexing, as well as departmental document capture and management.

"We are very pleased to help Catholic Healthcare West achieve operational efficiencies through our integrated approach to document workflow," stated Brian Patsy, president and CEO of Streamline Health. "Our solutions will help enhance CHW's business processes and increase productivity by improving the flow of patient health information across the spectrum of care. Ultimately, our solutions will result in cost savings for CHW, for a real return on investment."

About Streamline Health Solutions, Inc.

Streamline Health is a leading supplier of workflow and document management tools, applications and services that enable strategic business partners and healthcare organizations to improve operational efficiencies through business process optimization. The Company provides integrated technology solutions for automating document-intensive environments, including document workflow, document management, e-forms, portal connectivity, optical character recognition (OCR), and interoperability.

Streamline Health's solutions create a permanent document-based repository of historical health information that is complementary and can be seamlessly integrated with existing disparate clinical, financial and administrative information systems, providing convenient electronic access to all forms of patient information from any location, including secure web-based access. For additional information, visit our website at http://www.streamlinehealth.net/.

About Catholic Healthcare West

Founded in 1986, the CHW network of more than 9,500 physicians and approximately 50,000 employees serve a population spanning 22 million people at 41 hospitals across California, Arizona, and Nevada. CHW is committed to delivering compassionate, high-quality, affordable healthcare services with special attention to the poor and underserved. In 2007 CHW provided $922 million in charity care, community benefits, and unreimbursed patient care. Catholic Healthcare West (CHW) is the eighth largest hospital system in the nation and the largest not-for-profit hospital provider in California. For more information, please visit our website at http://www.chwhealth.org/.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995

Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to risks and uncertainties. The forward-looking statements contained herein are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements, included herein. These risks and uncertainties include, but are not limited to, the timing of the closing of contracts and the timing of the subsequent revenue recognition related thereto, the impact of competitive products and pricing, product demand and market acceptance, new product development, key strategic alliances with vendors that resell the Company products, the ability of the Company to control costs, availability of products produced from third party vendors, the healthcare regulatory environment, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

COMPANY CONTACT: Carolyn Stendahl Marketing Comm. Manager (513) 794-7100 carolyn.stendahl@streamlinehealth.net

Streamline Health Solutions, Inc.

CONTACT: Carolyn Stendahl, Marketing Comm. Manager of Streamline Health
Solutions, Inc., +1-513-794-7100, carolyn.stendahl@streamlinehealth.net

Web site: http://www.streamlinehealth.net/
http://www.chwhealth.org/

Fluid Music's Trusonic(R) Extends Growing Relationship With Guitar Center

LA JOLLA, Calif., July 24 /PRNewswire/ -- Trusonic, Inc., the provider of the preeminent platform for the digital delivery of Business Music and Messaging to successful brands worldwide, today announced it has extended its relationship with Guitar Center, Inc. of Westlake Village, CA. for another term throughout all 210+ locations in 40+ states.

Trusonic provides a comprehensive audio strategy and implementation for its worldwide client base, creating a quantifiable connection between business, consumers and Digital Out-of-Home advertisers. By providing strategic control of music, messaging and ad placement, Trusonic solutions build on existing brand awareness while generating new revenue possibilities. The Trusonic Media Distribution Network utilizes a small footprint media player with which Guitar Center has the ability to provide both music and messaging to two unique zones. Each zone also has separate control of each service, allowing the MBOX to perform up to four distinct services without additional hardware. Guitar Center's unique use capitalizes on Trusonic's simple-to-use online toolset to create previously unattainable opportunities for creativity and flexibility.

"Yes, Trusonic has a tremendous catalog from which we're able to musically focus our environment to satisfy the expectation of our demographic. They've worked with us to provide a custom soundtrack and level of customer support that was just hasn't been available from other providers. But they've taken the available technology so much further and made it so incredibly easy for us to introduce our own employee independent tracks into the mix. The competition we have within our locations for employees to win a spot in the Guitar Center soundtrack has been one of our most successful internal programs," said Harold Lee, Director of Marketing for Guitar Center, Inc. "For us it's all about the music, seems that way for Trusonic as well. They have this technology that can do more, and do it better than anything else out there. But their Music Programming hasn't lost touch with what's happening in music or those making it happen."

Guitar Center chooses to centrally manage the Trusonic system, from their offices in California. "We're able to drill right down to a department within a store whenever we want and change any schedule to any store within minutes."

Lorne Abony, Chief Executive Officer and Chairman of the Board of Fluid Music, Trusonic's parent company, stated, "It's fitting that Trusonic and Guitar Center share a stage. Fluid Music's catalog, well over 5 million tracks, contains the largest library in the world of independent and emerging artists, Guitar Center's core clientele. Besides uploading their own employee's tracks, Guitar Center can draw on any of the millions of other independent artist's recordings we've already made available for all users, as well as a full complement of Major Label offering."

Among additional functionality Trusonic provides are auditable ad play reports retrievable at any time, and message addition or removal within minutes at one, or every location worldwide. Trusonic's music library, now at more than 5 million tracks, remains the largest licensed library on the globe.

For more information on Trusonic, go to http://www.trusonic.com/. For information on Guitar Center go to http://www.guitarcenter.com/.

About Trusonic

Trusonic's comprehensive audio solution creates an immediate, quantifiable connection between business, consumers, and Digital Out-of-Home advertisers, and is favored worldwide by many of the most successful retail and hospitality brands for its ability to target messaging and enhance the brand experience. Trusonic is a wholly owned subsidiary of Fluid Music Canada, Inc., a public company listed on the Toronto Stock Exchange (TSX: FMN). Fluid Music is the world's largest private label music aggregation and distribution company. For more information regarding Trusonic email brosen@trusonic.com.

Trusonic, Inc.

CONTACT: Lorne Abony of Fluid Music Canada, Inc., +1-310-665-9878

Web site: http://www.trusonic.com/
http://www.guitarcenter.com/

Exobox Engages Marketing and Sales Expert for Product Positioning

HOUSTON, July 24 /PRNewswire-FirstCall/ -- Exobox Technologies Corp. (Pink Sheets: EXBX) announced that it has engaged the services of Gary Leibowitz to assist in its marketing and sales strategic planning efforts. Mr. Leibowitz bring unique industry expertise to the company having served as Vice President Americas, Marketing and Vice President EMEA (Europe, Middle East, Asia) Channels Sales and Alliances, Vice President, EMEA Sales and Marketing, Security, all at BMC Software. Most recently, Mr. Leibowitz served as General Manager, Panda Security USA.

"Gary brings to Exobox a specialized expertise in global Enterprise and SMB sales and marketing with many large software organizations," said Robert B. Dillon, Exobox's Chief Executive Officer. "Having him on our team to leverage his years of experience in software sales and marketing as we develop our sales and marketing strategies and establish channel sales and alliances will be of significant benefit to us as we code and test our products this year in preparation for our product roll out in 2009.

While at BMC, Mr. Leibowitz helped build national and continent-wide sales organizations with revenue objectives exceeding $1 billion in both the United Stated and Europe. While at Panda Security USA, Mr. Leibowitz was an active member of its Global Management Team, and also led Panda's sales efforts for corporate (Enterprise and SMB), retail and online web and technology OEMs.

"I'm excited about the opportunity to work with Exobox and its management team as they move from product development to product roll out. I feel that my sales and marketing experience will allow me to help the company build a first class sales and marketing organization."

About Exobox Technologies Corp.

Exobox Technologies Corp., headquartered in Houston, Texas, is a network and end point security development and licensing company that owns patented and patent-pending technology it believes can address the serious and growing need in the computer market for a reliable, efficient and effective network and end point security system. Visit http://www.exobox.com/ for more information.

Contact: Exobox Technologies Corp. Tim Lee (541) 832-2888 (800) 460-8887 ir@exobox.com

Exobox Technologies Corp.

CONTACT: Tim Lee of Exobox Technologies Corp., +1-541-832-2888,
1-800-460-8887, ir@exobox.com

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

Perfect World Launches 'The Return of the Storm' Expansion Pack for 'Legend of Martial Arts'

BEIJING, July 24 /Xinhua-PRNewswire/ -- Perfect World Co., Ltd. (''Perfect World'' or the ''Company''), a leading online game developer and operator in China, today announced that it launches ''The Return of the Storm'' expansion pack for ''Legend of Martial Arts'' on July 24, 2008.

''Legend of Martial Arts,'' a cartoon-style 3D MMORPG that was introduced in 2006, is adapted from a popular TV situation comedy ''My Own Swordsman,'' which has the same Chinese name as ''Legend of Martial Arts.'' With its unique features and comical tasks, the game has been popular with online game players and successfully licensed to eight countries and regions.

The new expansion pack contains a number of new features, including a ''Phantom Ship'' map and related exclusive tasks. Additionally, existing armors will be upgraded and appear in a few brand new series. The expansion pack also includes an upgraded ''Reputation System,'' a brand new ''Battleground System,'' and a new ''Revitalization System,'' to present better game experience to online game players.

''As one of our important products, 'Legend of Martial Arts' has been popular among online game players since its launch,'' commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. ''In the new expansion pack, we have added a variety of new features to this light-hearted game in order to bring more fun to online game players. I believe they will have a brand new game experience with 'Legend of Martial Arts.'''

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

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

DSP Group, Inc. Reports Second Quarter 2008 Earnings

SAN JOSE, Calif., July 24 /PRNewswire-FirstCall/ -- DSP Group, Inc. , a worldwide leader in developing and providing chip-set solutions for residential wireless connectivity, announced today its results for the second quarter ended June 30, 2008.

Second Quarter Results:

Revenues for the second quarter of 2008 were $74,152,000, an increase of 41% from revenues of $52,436,000 for the second quarter of 2007. Net loss for the second quarter of 2008 was $7,355,000 as compared to net income of $2,964,000 for the second quarter of 2007. Diluted earnings per share (EPS) for the second quarter of 2008 were a loss of $0.26 as compared to earnings of $0.10 for the second quarter of 2007.

Non-GAAP Results:

Non-GAAP net income and diluted EPS for the second quarter of 2008 were $1,019,000 and $0.04 per share, respectively; a decrease of 86% from the non-GAAP net income of $7,171,000 and a decrease of 84% from non-GAAP diluted EPS of $0.25 per share for the second quarter of 2007. Non-GAAP net income and diluted EPS for the second quarter of 2008 excluded the impact of amortization of acquired intangible assets of $5,716,000 associated with the acquisition of the Cordless and VoIP Terminals business of NXP B.V.; equity-based compensation expenses of $3,585,000; and the aggregate tax benefits associated with such expenses of $927,000. Non-GAAP net income and diluted EPS for the second quarter of 2007 excluded equity-based compensation expenses of $3,708,000, a loss related to certain marketable securities of $996,000 and aggregate tax benefits associated with such expenses of $497,000.

Eli Ayalon, Chairman and CEO of DSP Group, stated: "Having achieved our financial objectives for the second quarter 2008, the company continues to focus and invest significant resources on its R&D effort to deliver a new generation of products that we believe will ensure our future growth and profitability."

About DSP Group

DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video and data. By combining its in-house technologies of Digital Signal Processors (DSPs), portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. These applications include ISM band digital 900MHz, 2.4GHz and 5.8GHz telephony, European DECT (1.9GHz) telephony, Bluetooth systems for voice, video and data communication and deployment in residential, SOHO, SME, enterprise and automotive applications. DSP Group's ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. More information about DSP Group is available at http://www.dspg.com/.

Forward Looking Statements

This press release may contain statements that qualify as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995, including statements made by Mr. Ayalon about R&D investments in a new generation of products that DSP Group believes will ensure its future growth and profitability. These forward-looking statements are based on current expectations and DSP Group assumes no obligation to update this information. In addition, the events described in these forward-looking statements may not actually arise. DSP Group's actual results could differ materially from those described in this press release as a result of various factors, including greater or lesser than anticipated decrease in sales of DSP Group's 5.8GHz products or growth in sales of DSP Group's DECT 6.0 products; slower than expected change in the nature of the residential communications domain; unexpected delays in the introduction of new products or failure of such products to achieve broad market acceptance; DSP Group's inability develop and produce new products at competitive costs; decline or fluctuations in gross margins and the effect on revenues and profitability; and general market demand for products that incorporate DSP Group's technology in the market. These factors and other factors which may affect future operating results or DSP Group's stock price are discussed under "RISK FACTORS" in the Form 10-K for fiscal 2007 as well as other reports DSP Group has filed with the Securities and Exchange Commission and which are available on DSP Group's Web site (http://www.dspg.com/) under Investor Relations.

Earnings conference call

DSP Group has scheduled a conference call for 8:30 a.m. EDT today to discuss the financial results for the second quarter of 2008 and invites you to listen to a live broadcast over the Internet. The broadcast can be accessed by all interested parties through the Investor Relations section (investor message board) of DSP Group's Web site at http://www.dspg.com/ or link to: http://ir.dspg.com./phoenix.zhtml?c=101665&p=irol-calendar.

If you cannot join the call, please listen to the replay, which will be available for approximately two weeks after the call on DSP Group's Web site or by calling the following numbers:

-- US Dial-In # 1-888-286-8010 (passcode: 63682958) -- International Dial-In # 1-617-801-6888 (passcode: 63682958)

For more information, please contact Ofer Elyakim, DSP Group Inc. at +852-9017-5426; or e-mail: ofere@dsp.co.il.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020715/SFM118LOGO) DSP GROUP, INC. CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 (Unaudited) (Unaudited)(Unaudited) (Unaudited) Product revenues and other $74,152 $52,436 $146,881 $101,723 Cost of product revenues and other 48,183 31,233 93,959 61,233 Gross profit 25,969 21,203 52,922 40,490 Operating expenses: Research and development 18,890 12,465 38,916 25,221 Sales and marketing 5,621 4,110 11,642 8,307 General and administrative 4,547 3,328 8,798 6,925 Amortization of intangible assets 5,716 - 11,498 - Total operating expenses 34,774 19,903 70,854 40,453 Operating income/(loss) (8,805) 1,300 (17,932) 37 Other income : Interest and other income, net 898 2,927 2,132 6,579 Income/(loss) before provision for income taxes (7,907) 4,227 (15,800) 6,616 Provision for income taxes/ (income tax benefit) (552) 1,263 (838) 2,288 Net income/(loss) ($7,355) $2,964 ($14,962) $4,328 Net earnings (loss) per share: Basic ($0.26) $0.10 ($0.51) $0.15 Diluted ($0.26) $0.10 ($0.51) $0.15 Weighted average number of shares of Common stock used in the computation of: Basic 28,352 28,257 29,463 28,356 Diluted 28,352 28,469 29,463 28,580 DSP GROUP, INC. CONSOLIDATED STATEMENTS OF INCOME (NON-GAAP) (In thousands, except per share amounts) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Product revenues and other $74,152 $52,436 $146,881 $101,723 Cost of product revenues and other 47,936 31,066 93,455 60,900 Gross profit 26,216 21,370 53,426 40,823 Operating expenses: Research and development 16,998 10,536 34,933 21,205 Sales and marketing 5,192 3,663 10,706 7,420 General and administrative 3,530 2,163 6,676 4,299 Total operating expenses 25,720 16,362 52,315 32,924 Operating income 496 5,008 1,111 7,899 Other income : Interest and other income, net 898 3,923 2,132 7,575 Income before provision for income taxes 1,394 8,931 3,243 15,474 Provision for income taxes 375 1,760 784 2,970 Net income $1,019 $7,171 $2,459 $12,504 Net earnings per share: Basic $0.04 $0.25 $0.08 $0.44 Diluted $0.04 $0.25 $0.08 $0.44 Weighted average number of shares of Common stock used in the computation of: Basic 28,352 28,257 29,463 28,356 Diluted 28,373 28,469 29,565 28,580 Unaudited Reconciliation of GAAP to Pro Forma Non-GAAP Financial Measures (In thousands, except per share amounts) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Unaudited Unaudited Unaudited Unaudited GAAP net income (loss) ($7,355) $2,964 ($14,962) $4,328 Equity-based compensation expense included in cost of product revenues and other 247 167 504 333 Equity-based compensation expense included in R&D 1,892 1,929 3,983 4,016 Equity-based compensation expense included in SG&A 1,446 1,612 3,058 3,513 Amortization of intangible assets related to NXP transaction 5,716 - 11,498 - Loss related to certain marketable securities - 996 - 996 Tax benefit resulting from equity-based compensation, amortization of intangible assets and from loss related to certain marketable securities (927) (497) (1,622) (682) Pro Forma net income $1,019 $7,171 $2,459 $12,504 Pro Forma diluted earnings per share $0.04 $0.25 $0.08 $0.44 DSP GROUP, INC. CONSOLIDATED BALANCE SHEETS (In thousands) June 30, December 31, 2008 2007 (Unaudited) (Audited) Assets Current assets: Cash and cash equivalents $56,645 $69,586 Restricted deposits 115 - Marketable securities and cash deposits 16,239 63,682 Trade receivables, net 46,575 51,636 Inventories 19,514 16,361 Other accounts receivable 13,064 8,173 Deferred income taxes 2,014 4,011 Total current assets 154,166 213,449 Property and equipment, net 17,090 14,270 Long term marketable securities 48,929 34,469 Severance pay fund 8,031 6,883 Deferred income taxes 6,548 5,109 Goodwill and other intangible assets 227,354 237,969 Other assets 1,814 694 Total assets $463,932 $512,843 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $33,356 $29,064 Other current liabilities 39,088 48,125 Total current liabilities 72,444 77,189 Accrued severance pay 8,249 7,303 Accrued pensions 1,917 1,758 Deferred tax liability 871 372 Other long term liabilities 455 1,364 Total long term liabilities 11,492 10,797 Stockholders' equity: Common stock 28 31 Additional paid-in capital 308,090 300,542 Accumulated other comprehensive income 1,327 1,025 Retained earnings 171,298 187,063 Less - Cost of treasury stock (100,747) (63,804) Total stockholders' equity 379,996 424,857 Total liabilities and stockholders' equity $463,932 $512,843

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020715/SFM118LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com DSP Group, Inc.

CONTACT: Ofer Elyakim of DSP Group Inc., +852-9017-5426,
ofere@dsp.co.il

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

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