Companies news

MILPITAS, Calif., July 24 /PRNewswire-FirstCall/ -- Phoenix Technologies Ltd. , the global leader in core systems software, today announced that its BIOS firmware products are available for Intel's new System-on-a-Chip (SOC) for embedded applications, the Intel(R) EP80579 Integrated Processor product line.

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

The Intel EP80579 Integrated Processor product line is expected to open up new markets in networking, storage, security, VoIP and a wide range of additional embedded applications. Phoenix's firmware solutions provide complete support for current industry standards for these devices.

"The growth of SOC components in the embedded market has led to the popularity of embedded systems and has, in fact, created new end-use markets. Intel's new SOC product line automatically expands the market opportunity for Phoenix given that our firmware enables such embedded systems. Phoenix will help embedded designers leverage the Intel EP80579 Integrated Processor product line in innovative ways and open up new opportunities for ODMs and OEMs," said Dr. Gaurav Banga, CTO and SVP of Engineering at Phoenix Technologies.

"Advances in underlying embedded technologies are enabling the rapid growth in the embedded market with software becoming an important source of differentiation in many industries. According to a report from the BCC Research Group, the worldwide embedded systems market is expected to reach $88 billion by 2009," concluded Dr. Banga.

"The new Intel SOC product line coupled with Phoenix's BIOS firmware products offers innovative solutions for embedded designs such as interactive clients and industrial automation applications," said Rose Schooler, general manager, Embedded Performance Products Division, Intel.

Phoenix SecureCore(TM) and AwardCore(TM) for embedded applications are available now for the Intel EP80579 Integrated Processor product line.

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, 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.

Phoenix Technologies is an Affiliate Member with the Intel(R) Embedded and Communications Alliance, a community of communications and embedded developers and solution providers committed to the development of modular, standards- based solutions based on Intel technologies. For more information, please visit http://www.intel.com/go/eca

Intel is a trademark of Intel Corporation in the United States and other countries.

Safe Harbor

The statements set forth above 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, including, but not limited to, expanded market opportunities for Phoenix, the continued rapid growth of the embedded market, and our ability to open up new opportunities for ODM and OEM customers. These statements involve risk and uncertainties, including: unexpected technical challenges, including code bugs and glitches; unexpected changes or challenges in our relationship with Intel as well as other semiconductor companies; product and price competition in our industry and the markets in which we operate; end-user demand for products incorporating our products; the ability of our customers to introduce and market new products that incorporate our products; our ability to attract and retain key personnel; and our ability to protect our intellectual property rights. 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 document 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.

Contact: Phoenix Technologies Ltd. Global Press Office Tel : +1 408 570 1060 E-mail: public_relations@phoenix.com

Photo: NewsCom: 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: Global Press Office, Phoenix Technologies Ltd.,
+1-408-570-1060, public_relations@phoenix.com

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

MKS Instruments Reports Second Quarter 2008 Financial Results

ANDOVER, Mass., July 24 /PRNewswire-FirstCall/ -- MKS Instruments, Inc. , a global provider of technologies that enable advanced processes and improve productivity, today reported second quarter 2008 financial results.

Sales were $171.0 million, down 12 percent from $193.4 million in the first quarter of 2008 and down 16 percent from $204.0 million in the second quarter of 2007.

Net income was $9.2 million, or $0.18 per diluted share, compared to $20.4 million, or $0.39 per diluted share, in the first quarter of 2008 and $22.5 million, or $0.39 per diluted share, in the second quarter of 2007.

Non-GAAP net earnings, which exclude amortization of acquired intangible assets and special items, totaled $10.5 million, or $0.21 per diluted share, compared to $20.6 million, or $0.39 per diluted share, in the first quarter of 2008 and $25.1 million, or $0.43 per diluted share, in the second quarter of 2007.

The financial results that exclude certain charges and special items are not in accordance with Accounting Principles Generally Accepted in the United States of America (GAAP). MKS' management believes the presentation of non-GAAP financial measures, which exclude costs associated with acquisitions and special items, is useful to investors for comparing prior periods and analyzing ongoing business trends and operating results.

Leo Berlinghieri, Chief Executive Officer and President, said, "After a strong first quarter with double-digit sequential growth in the semiconductor market, we saw sharply lower demand in the second quarter as this market weakened. However, our solar business continued to ramp, and sales to non-semiconductor markets grew by 17 percent to 45 percent of total sales. Even in this changing business environment, we continue to increase our investment in new product development that will contribute to future revenue growth.

"In the third quarter, we expect some incremental weakness in semiconductor capital equipment spending. Our sales could range from $155 to $165 million. Net income could range from $0.09 to $0.16 per diluted share on approximately 51 million shares outstanding, and non-GAAP net earnings could range from $0.12 to $0.19 per diluted share."

Management will discuss second quarter financial results on a conference call today at 8:30 a.m. (Eastern Time). Dial-in numbers are 1-800-240-2430 for domestic callers and 303-262-2130 for international callers. The call will be broadcast live and available for replay at http://www.mksinstruments.com/. To hear a telephone replay through July 31, 2008, dial 303-590-3000, pass code 11116548#.

MKS Instruments, Inc. is a global provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes to improve process performance and productivity. Our products are derived from our core competencies in pressure measurement and control, materials delivery, gas composition analysis, electrostatic charge management, control and information technology, power and reactive gas generation, and vacuum technology. Our primary served markets are manufacturers of capital equipment for semiconductor devices, and for other thin film applications including flat panel displays, solar cells, data storage media, and other advanced coatings. We also leverage our technology in other markets with advanced manufacturing applications including medical equipment, pharmaceutical manufacturing, and energy generation and environmental monitoring.

This release contains projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act regarding MKS' future growth and the future financial performance of MKS. These projections or statements are only predictions. Actual events or results may differ materially from those in the projections or other forward-looking statements set forth herein. Among the important factors that could cause actual events to differ materially from those in the projections or other forward-looking statements are the fluctuations in capital spending in the semiconductor industry, fluctuations in net sales to MKS' major customers, potential fluctuations in quarterly results, the challenges, risks and costs involved with integrating the operations of MKS and any acquired companies, dependence on new product development, rapid technological and market change, acquisition strategy, manufacturing and sourcing risks, volatility of stock price, international operations, financial risk management, and future growth subject to risks. Readers are referred to MKS' filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, for a discussion of these and other important risk factors concerning MKS and its operations. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

MKS Instruments, Inc. Unaudited Consolidated Statements of Operations (In thousands, except per share data) Three Months Ended June 30, June 30, March 31, 2008 2007 2008 Net sales $171,002 $203,978 $193,448 Cost of sales 100,514 117,948 111,541 Gross profit 70,488 86,030 81,907 Research and development 20,486 18,351 19,249 Selling, general and administrative 35,113 35,928 31,709 Amortization of acquired intangible assets 1,984 4,108 3,105 Income from operations 12,905 27,643 27,844 Impairment of investments (251) - (1,161) Interest income, net 1,636 3,581 2,176 Income before income taxes 14,290 31,224 28,859 Provision for income taxes 5,056 8,697 8,477 Net income $9,234 $22,527 $20,382 Net income per share: Basic $0.19 $0.40 $0.39 Diluted $0.18 $0.39 $0.39 Weighted average shares outstanding: Basic 49,691 56,820 51,733 Diluted 50,866 57,939 52,571 The following supplemental Non-GAAP earnings information is presented to aid in understanding MKS' operating results: GAAP net income $9,234 $22,527 $20,382 Adjustments (net of tax, if applicable): Amortization of acquired intangible assets 1,984 4,108 3,105 Foreign exchange gain from legal entity restructuring (Note 1) - - (2,669) Tax effect of adjustments (717) (1,513) (204) Non-GAAP net earnings (Note 2) $10,501 $25,122 $20,614 Non-GAAP net earnings per share (Note 2) $0.21 $0.43 $0.39 Weighted average shares outstanding - diluted 50,866 57,939 52,571 Note 1: Selling, general and administrative expenses for the three month period ended March 31, 2008 includes a foreign exchange gain of $2.7 million related to the Company's legal entity restructuring of certain foreign operations. Note 2: The Non-GAAP net earnings and Non-GAAP net earnings per share amounts exclude amortization of acquired intangible assets, acquisition and disposition related charges and special items, net of applicable income taxes. MKS Instruments, Inc. Unaudited Consolidated Statements of Operations (In thousands, except per share data) Six Months Ended June 30, 2008 2007 Net sales $364,450 $415,410 Cost of sales 212,055 236,518 Gross profit 152,395 178,892 Research and development 39,735 36,650 Selling, general and administrative 66,822 70,504 Amortization of acquired intangible assets 5,089 8,215 Income from operations 40,749 63,523 Impairment of investments (1,412) - Interest income, net 3,812 6,886 Income before income taxes 43,149 70,409 Provision for income taxes 13,533 20,592 Net income $29,616 $49,817 Net income per share: Basic $0.58 $0.88 Diluted $0.57 $0.86 Weighted average shares outstanding: Basic 50,712 56,587 Diluted 51,718 57,633 The following supplemental Non-GAAP earnings information is presented to aid in understanding MKS' operating results: GAAP net income $29,616 $49,817 Adjustments (net of tax, if applicable): Amortization of acquired intangible assets 5,089 8,215 Foreign exchange gain from legal entity restructuring (Note 1) (2,669) - Tax effect of adjustments (921) (3,027) Non-GAAP net earnings (Note 2) $31,115 $55,005 Non-GAAP net earnings per share (Note 2) $0.60 $0.95 Weighted average shares outstanding - diluted 51,718 57,633 Note 1: Selling, general and administrative expenses for the six month period ended June 30, 2008 includes a foreign exchange gain of $2.7 million related to the Company's legal entity restructuring of certain foreign operations. Note 2: The Non-GAAP net earnings and Non-GAAP net earnings per share amounts exclude amortization of acquired intangible assets, acquisition and disposition related charges and special items, net of applicable income taxes. MKS Instruments, Inc. Unaudited Consolidated Balance Sheet (In thousands) June 30, December 31, 2008 2007 ASSETS Cash and short-term investments $259,943 $323,765 Trade accounts receivable 109,512 107,504 Inventories 152,468 150,731 Other current assets 31,298 27,980 Total current assets 553,221 609,980 Property, plant and equipment, net 80,138 81,365 Goodwill 337,765 337,473 Other acquired intangible assets 31,052 36,141 Other assets 12,010 11,301 Total assets $1,014,186 $1,076,260 LIABILITIES AND STOCKHOLDERS' EQUITY Short-term debt $18,374 $20,203 Accounts payable 24,416 28,683 Accrued expenses and other liabilities 47,191 46,859 Total current liabilities 89,981 95,745 Long-term debt 5,563 5,871 Other long-term liabilities 22,624 20,635 Stockholders' equity: Common stock 113 113 Additional paid-in capital 637,104 685,465 Retained earnings 245,559 255,244 Other stockholders' equity 13,242 13,187 Total stockholders' equity 896,018 954,009 Total liabilities and stockholders' equity $1,014,186 $1,076,260

MKS Instruments, Inc.

CONTACT: Ronald C. Weigner, Vice President and Chief Financial Officer
of MKS Instruments, Inc., +1-978-645-5500

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

BluePhoenix Solutions to Report 2008 Second Quarter Financial Results on August 4, 2008

HERZLIYA, Israel, July 24 /PRNewswire-FirstCall/ -- BluePhoenix Solutions , the leader in value-driven legacy modernization, today announced that management will hold a conference call to discuss its 2008 second quarter financial results at 4:45 p.m. ET on Monday, August 4, 2008. Financial results will be released that day.

Interested parties may access the call by calling 800-762-8973 from within the United States, or 480-248-5085 if calling internationally, approximately five minutes prior to the start of the call. A replay will be available through August 11, 2008 and can be accessed by dialing 800-406-7325 (U.S.), 303-590-3030 (Int'l), passcode 3901944.

This call is being web cast by ViaVid Broadcasting and can be accessed at BluePhoenix's website at http://www.bluephoenixsolutions.com/. The web cast may also be accessed at ViaVid's website at http://www.viavid.net/. The web cast can be accessed until September 5, 2008 on either site. To access the web cast, you will need to have the Windows Media Player on your desktop. For the free download of the Media Player please visit: http://www.microsoft.com/windows/windowsmedia/en/download/default.asp.

About BluePhoenix Solutions

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

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

SAFE HARBOR: Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: the ability to reach a definitive agreement with respect to the sale of our interest in Mainsoft, the ability to complete the sale of our interest in Mainsoft if a definitive agreement is reached (including obtaining the approval of the requisite vote of Mainsoft's other shareholders, market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain additional software personnel, and the ability to develop new business lines. This press release is also available at http://www.bphx.com/. All names and trademarks are their owners' property.

Company Contact Investor Contact Varda Sagiv Peter Seltzberg BluePhoenix Solutions Hayden Communications +972-9952-6100 +1-646-415-8972 vsagiv@bphx.com peter@haydenir.com Financial Media Contact Jeffrey Stanlis Hayden Communications +1-602-476-1821 jeff@haydenir.com

BluePhoenix Solutions Ltd

CONTACT: Company Contact, Varda Sagiv, BluePhoenix Solutions,
+972-9952-6100, vsagiv@bphx.com; Financial Media Contact, Jeffrey Stanlis,
Hayden Communications, +1-602-476-1821, jeff@haydenir.com; Investor Contact,
Peter Seltzberg, Hayden Communications, +1-646-415-8972, peter@haydenir.com

U.S. Court Dismisses Claim by Minority Shareholders of ImageSat International

HAIFA, Israel, July 24 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (the "Company") announced, further to the Company's announcement on July 4, 2007, that on July 22, 2008 the United States District Court for the Southern District of New York issued an order dismissing, on grounds of forum non conveniens, the claim filed last year by certain minority shareholders of ImageSat International N.V. ("ImageSat"). The claim had been filed against certain of ImageSat's shareholders including the Company and against certain current and former officers and directors of ImageSat, including among others Michael Federmann, Joseph Ackerman and Joseph Gaspar, the Company's Chairman, Chief Executive Officer and Chief Financial Officer, respectively. As a result of the court's order, should the plaintiffs decide to continue to pursue the claim they will need to either appeal the decision to the US appellate court or attempt to file a claim before an Israeli court. The Company, through one of its subsidiaries, holds a minority position in ImageSat.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) About Elbit Systems

Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned air vehicle (UAV) systems, advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios. The Company also focuses on the upgrading of existing military platforms and developing new technologies for defense, homeland security and commercial aviation applications.

This press release contains 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 Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward Looking Statements are based on management's expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements.

Contacts: Company Contact: IR Contact: Joseph Gaspar, Executive VP & CFO Ehud Helft / Kenny Green Dalia Rosen, Head of Corporate Communications Elbit Systems Ltd G.K. Investor Relations Tel: +972-4-8316663 Tel: +1-646-201-9246 Fax: +972-4-8316944 E-mail: info@gkir.com E-mail: gspr@elbit.co.il daliarosen@elbit.co.il

Photo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 Elbit Systems Ltd

CONTACT: Contacts: Company Contact: Joseph Gaspar, Executive VP & CFO,
Dalia Rosen, Head of Corporate Communications, Elbit Systems Ltd, Tel:
+972-4-8316663, Fax: +972-4-8316944, E-mail: gspr@elbit.co.il,
daliarosen@elbit.co.il; IR Contact: Ehud Helft / Kenny Green, G.K. Investor
Relations, Tel: +1-646-201-9246, E-mail: info@gkir.com

Avistar and MVC Mobile Video Communications Team to Deliver Desktop Videoconferencing Solutions in GermanyAvistar's C3 Technology Strengthens MVC's Unified Communications Portfolio

FRANKFURT, Germany and SAN MATEO, Calif., July 24 /PRNewswire-FirstCall/ -- Avistar Communications Corporation , a leading provider of unified visual communications solutions, has signed an agreement with MVC Mobile Video Communications GmbH of Frankfurt to sell Avistar's C3 desktop technology in Germany. The partnership agreement enables German companies and their employees to enjoy the benefits of desktop video conferencing conveniently and easily wherever they may be.

According to Simon Moss, CEO of Avistar, "Germany is the world's third largest economy and a prime market for videoconferencing solutions, particularly because it has such a strong commitment to 'green' initiatives. Desktop videoconferencing reduces the need for business travel, helping companies reduce their carbon footprint. As Germany's leading provider of video, audio and data conferencing solutions, MVC is well-equipped to represent Avistar and deliver our award-winning C3 technology solutions to customers."

Dr. Sven Damberger, CEO of MVC, said, "Avistar's C3 technology fills an important niche in our unified communications portfolio by bringing standards-based, interoperable videoconferencing to the desktop. It's a logical extension for our customer base, which is more frequently asking for ways to bring the benefits of room-size videoconferencing to users at their desks so they can cut back on travel costs and reduce their environmental impact."

About MVC

Frankfurt-based MVC Mobile Video Communication GmbH is the leading German provider of video, audio and data conferencing solutions. The core business of MVC is the integration of videoconferencing solutions together with corresponding services such as consulting, installation, maintenance and training. MVC works together with the leading providers for the market such as Avistar, Microsoft, Polycom, Tandberg/Codian and LifeSize. For more information, please visit http://www.mvc.de/.

About Avistar Communications Corporation

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

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

Avistar Communications Corporation

CONTACT: Margaret Bonilla of Birnbach Communications, +1-603-548-0693,
mbonilla@birnbachcom.com, for Avistar Communications Corporation; or Lisa
Farley of Avistar Communications Corporation, +1-212-949-1137,
lfarley@avistar.com

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

STMicroelectronics Improves System Clock Distribution with Low-Power ICs Supporting Per-Channel Enable ControlsTwo-, three-, and four-channel clock buffers save power, size, cost, and complexity

GENEVA, July 24 /PRNewswire-FirstCall/ -- STMicroelectronics , a world leader in analog and mixed-signal ICs, has announced the first six devices in a series of clock-distribution ICs, which are the first in the market to provide per-channel output-enable controls for precision clock management in embedded and handheld applications.

The two-channel STCD1020, three-channel STCD1030, and four-channel STCD1040 save component count, board complexity and bill-of-materials costs in multi-mode devices such as cellular handsets and M2M (machine-to-machine) communications. By distributing a single master clock to multiple clock domains, designers can eliminate multiple individual-crystal clock sources for chipsets supporting GSM, Bluetooth, WLAN, WiMAX or other RF communications, and also set-top boxes. With fewer crystal components, these applications also benefit from greater physical ruggedness.

The individual output-enable controls combine with a fast startup time, as well as 2.6mA typical quiescent current and 1 microamp standby current for the STCD1040, to minimize power consumption in battery-powered and embedded applications. From receipt of an Enable signal, the selected channel's output is stabilized within 50 microseconds from standby. The power savings deliver advantages such as longer battery life, easier thermal management and smaller physical size. The STCD1040 draws 30% less current than a discrete 4-channel solution, which requires five individual emitter-follower circuits and typically occupies over 60% more PCB area. High channel isolation also ensures low crosstalk, which can be difficult to achieve with discrete components. In addition, low phase noise directly enhances signal quality.

Designed for transmission of a single-ended sine-wave or square-wave in the range 10MHz to 52MHz, these clock-distribution ICs also integrate an AC coupling capacitor to further minimize external components. They are capable of driving loads up to 20pF to simplify output circuitry. The standard supply voltage is 2.5V to 3.6V, while the option of 1.65V-2.75V operation allows use with low-voltage peripherals. The specified operating temperature range of -40 degrees C to +85 degrees C allows use in a wide variety of commercial and industrial applications.

The devices' small TDFN packages deliver additional space savings, with the STCD1020 offered in a 2 x 2mm 8-lead package, the STCD1030 in a 2 x 2.5mm 10-lead package, and the STCD1040 in a 2 x 3mm 12-lead package. The STCD1040 is priced at $0.80 in quantities of 10,000 pieces.

About STMicroelectronics

STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at http://www.st.com/.

STMicroelectronics

CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959,
michael.markowitz@st.com

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

RadioShack Corporation Announces Increased Sales and Operating Income for the Second Quarter 2008New $200 million share repurchase program authorized

FORT WORTH, Texas, July 24 /PRNewswire-FirstCall/ -- RadioShack Corporation today announced second quarter 2008 comparable sales increased 6.9% and reported operating income increased 10%.

Net Income

Second quarter 2008 net income was $41.4 million, or $0.32 per diluted share compared to $47.0 million, or $0.34 per diluted share in the prior year. Second quarter 2007 net income was favorably impacted by a $10.0 million reversal of an income tax contingency reserve. Second quarter 2008 net income was negatively impacted by $4.3 million related to the one-time charge of the previously announced amendment to its corporate headquarter lease partially offset by the favorable impact of a state sales tax settlement. After adjusting for these items, proforma earnings per share(1) increased from $0.27 in second quarter 2007 to $0.35 in the comparable 2008 period.

Revenue

Second quarter 2008 comparable store sales increased 6.9% versus the second quarter of 2007. The increase in comparable sales was driven by strong initial sales of digital-to-analog TV converter boxes, continued strong performance in GPS devices, increased sales in video gaming, prepaid wireless phones and significant improvement in AT&T post-paid business. The sales of the converter boxes are a result of the transition of full-power television broadcast signals in the United States to digital only, which is currently scheduled to take place in the first quarter 2009. The positive trends in these categories were partially offset by poor performance in the Sprint post-paid business. Despite an improvement in Sprint's post-paid business versus prior quarters, it continues to be a significant negative impact to the company's performance. But for the Sprint post-paid and related wireless accessory business, comparable store sales in the second quarter would have increased 12.7%.

Total sales in the second quarter of 2008 were up $60 million to $995 million versus total sales of $935 million for the same period last year. The overall sales increase was driven by increases in company owned stores of 7.5%, sales to dealer/franchise outlets of 6.1% and our on-line business which increased 29.8%. The increases in these channels were partially offset by a 2.7% decrease in our kiosk business. The decrease in kiosk sales is attributable to significant decreases in our Sprint kiosk business, partially offset by increases in our Sam's Club kiosks.

"The economic environment continues to be challenging, however, as a credit to our team, we are pleased with our progress as we begin to drive profitable growth," said Julian Day, Chairman and Chief Executive Officer. "We continue our focus on opportunities to offer our customers solutions to their needs. Our improved sales this quarter reflect our success in improving our merchandising, store operations and overall customer experience."

Operating Income

Second quarter 2008 operating income increased 10% to $71.3 million from $64.9 million in the prior year. After adjusting for the one-time and unusual items related to the headquarters lease amendment and state sales tax settlement, proforma operating income(2) for second quarter 2008 was $78.3 million compared to $64.9 million in the prior year, or a 21% improvement. Operating income increased due to the comparable store sales increase, partially offset by a 110 basis point reduction in gross margin rate and slightly higher SG&A costs. The gross margin rate was impacted by negative mix associated with greater promotional activity, the strong sales results of TV converter boxes and a shift in wireless towards a higher mix of upgrade versus new subscriber business.

Selling, general and administration expenses increased $15 million to $375 million compared to $360 million for the same period last year. The majority of the increase was due to the one-time, non-cash charge related to the headquarters lease combined with a greater investment in store payroll, with a goal of improving overall customer experience and driving profitable same store sales.

"We are seeing the benefits of our work last year to establish the company financial model allowing additional volume to translate directly into increased earnings for the company. After successfully right-sizing the cost structure, we have increased our focus on top line sales with the goal of improving gross profit dollars. We will continue to work to improve the mix of sales and gross margin rate in order to maximize our overall profitability," stated Jim Gooch, Executive Vice President and Chief Financial Officer.

Corporate Campus Lease Amendment

As the company announced late last month, RadioShack amended its corporate headquarters lease. Despite the one-time non-cash pre-tax net charge of $12.1 million ($7.4 million after-tax), the company anticipates this transaction will save approximately $300 million in rent and occupancy over the remaining length of the original lease.

Cash Position

RadioShack's cash balance at the end of the second quarter of 2008 was $578 million which was a decrease of $52 million versus June 30, 2007. The decrease in cash is a result of the company retiring a total of $317 million in debt and equity during the past twelve months. The net $265 million improvement in cash flow was driven by improved operating performance, more efficient capital spending and a continued focus on balance sheet management.

Share Repurchase Program

RadioShack announced today that its board of directors has approved a new $200 million share repurchase program. The new authorization does not have an expiration date and purchases under the authorization are anticipated to be made from time to time.

RadioShack announced that it has filed with the SEC its Form 10-Q for the quarter ended June 30, 2008.

Forward-Looking Statements

This press release contains or may contain forward-looking statements, as referenced in the Private Securities Litigation Reform Act of 1995 ("the Act"). These forward-looking statements reflect management's current views and projections regarding economic conditions, retail industry environments and company performance. Factors that could significantly change results include, but are not limited to, sales performance, economic conditions, product demand, expense levels, competitive activity, interest rates, changes in the company's financial condition, availability of products, the regulatory environment and factors affecting the retail category in general. Additional information regarding these and other factors is described in the company's filings with the SEC, including its most recent annual report on Form 10-K and quarterly report on Form 10-Q.

About RadioShack Corporation

RadioShack Corporation is one of the nation's most experienced and trusted consumer electronics specialty retailers. Operating from convenient and comfortable neighborhood and mall locations, RadioShack stores deliver personalized product and service solutions within a few short minutes of where most Americans either live or work. The company has a presence through almost 6,000 company-operated stores and dealer outlets in the United States and over 700 wireless phone kiosks. RadioShack's dedicated force of knowledgeable and helpful sales associates has been consistently recognized by several independent groups as providing the best customer service in the consumer electronics and wireless industries. For more information on RadioShack Corporation, or to purchase items online, visit http://www.radioshack.com/.

(1) See reconciliation of proforma earnings per share ("EPS") to earnings per share at the end of this release. (2) See reconciliation of proforma operating income to operating income at the end of this release. RADIOSHACK CORPORATION AND SUBSIDIARIES Consolidated Statements of Income (Unaudited) (In millions, except per share amounts) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Net sales and operating revenues $994.9 $934.8 $1,943.9 $1,927.1 Cost of products sold 525.5 483.2 1,024.9 980.2 Gross profit 469.4 451.6 919.0 946.9 Operating expenses: Selling, general and administrative 375.4 359.8 737.8 753.4 Depreciation and amortization 22.1 26.4 44.5 52.9 Impairment of long-lived assets 0.6 0.5 1.2 1.1 Total operating expenses 398.1 386.7 783.5 807.4 Operating income 71.3 64.9 135.5 139.5 Interest income 3.4 6.0 7.0 12.5 Interest expense (6.7) (10.7) (13.8) (21.3) Other loss (0.6) (0.1) (2.1) (1.1) Income before income taxes 67.4 60.1 126.6 129.6 Income tax provision 26.0 13.1 46.4 40.1 Net income $41.4 $47.0 $80.2 $89.5 Net income per share: Basic $0.32 $0.34 $0.61 $0.66 Diluted $0.32 $0.34 $0.61 $0.65 Shares used in computing net income per share: Basic 131.2 136.7 131.2 136.4 Diluted 131.2 139.0 131.3 138.0 RADIOSHACK CORPORATION AND SUBSIDIARIES Consolidated Balance Sheets (Unaudited) (In millions) June 30, December 31, June 30, 2008 2007 2007 Assets Current assets: Cash and cash equivalents $577.8 $509.7 $630.4 Accounts and notes receivable, net 191.9 256.0 169.5 Inventories 626.3 705.4 612.3 Other current assets 103.5 95.7 124.6 Total current assets 1,499.5 1,566.8 1,536.8 Property, plant and equipment, net 278.8 317.1 348.8 Other assets, net 117.2 105.7 101.3 Total assets $1,895.5 $1,989.6 $1,986.9 Liabilities and Stockholders' Equity Current liabilities: Short-term debt, including current maturities of long-term debt $32.3 $61.2 $192.7 Accounts payable 190.5 257.6 173.6 Accrued expenses and other current liabilities 337.4 393.5 326.1 Income taxes payable 15.5 35.7 6.4 Total current liabilities 575.7 748.0 698.8 Long-term debt, excluding current maturities 349.0 348.2 340.1 Other non-current liabilities 114.2 123.7 136.8 Total liabilities 1,038.9 1,219.9 1,175.7 Stockholders' equity 856.6 769.7 811.2 Total liabilities and stockholders' equity $1,895.5 $1,989.6 $1,986.9 RADIOSHACK CORPORATION AND SUBSIDIARIES Consolidated Statements of Cash Flows (Unaudited) (In millions) Six Months Ended June 30, 2008 2007 Cash flows from operating activities: Net income $80.2 $89.5 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 49.6 58.3 Impairment of long-lived assets and other charges 1.2 1.1 Stock option compensation 5.7 4.9 Net change in liability for unrecognized tax benefits 2.3 (10.0) Provision for credit losses and bad debts -- 0.2 Deferred income taxes 0.7 0.9 Other Items 9.6 (1.1) Changes in operating assets and liabilities: Accounts and notes receivable 63.9 79.3 Inventories 74.4 139.8 Other current assets (2.8) (5.5) Accounts payable, accrued expenses, income taxes payable and other (163.7) (203.2) Net cash provided by operating activities 121.1 154.2 Cash flows from investing activities: Additions to property, plant and equipment (25.4) (21.9) Proceeds from sale of property, plant and equipment 0.3 1.3 Other investing activities 1.0 1.8 Net cash used in investing activities (24.1) (18.8) Cash flows from financing activities: Purchases of treasury stock -- (46.5) Proceeds from exercise of stock options -- 77.1 Changes in short-term borrowings and outstanding checks in excess of cash balances, net (23.9) (7.6) Reductions of long-term borrowings (5.0) -- Net cash (used in) provided by financing activities (28.9) 23.0 Net increase in cash and cash equivalents 68.1 158.4 Cash and cash equivalents, beginning of period 509.7 472.0 Cash and cash equivalents, end of period $577.8 $630.4 RADIOSHACK CORPORATION AND SUBSIDIARIES Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures (Unaudited) Net Income Three Months Ended Three Months Ended June 30, 2008 June 30, 2007 $ mill EPS $ mill EPS Net Income-Reported $41.4 $0.32 $47.0 $0.34 Add back: Campus lease amendment charge 7.4 0.05 - - Deduct: Favorable sales tax settlement (3.1) (0.02) - - Income tax reserve credit - - (10.0) (0.07) Net Income-Proforma $45.7 $0.35 $37.0 $0.27 Operating Income Three Months Ended June 30, 2008 2007 Operating Income-Reported $71.3 $64.9 Add back: Campus lease amendment charge 12.1 - Deduct: Favorable sales tax settlement (5.1) - Operating Income-Proforma $78.3 (28.9) $64.9 23.0

Management believes Net Income-Proforma and Operating Income-Proforma, non-GAAP financial measures, to be a relevant indicator of RadioShack's operating performance without one time and unusual events which could mask its performance for the period shown when compared with the prior year. These proforma amounts above should not be used by investors or others as the sole basis for formulating decisions or as a substitute for measures prepared in accordance with GAAP as it excludes a number of important items. Management also compensates for limitations in these proformas by using GAAP financial measures in managing RadioShack.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000518/DATH047LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com RadioShack Corporation

CONTACT: Martin O. Moad, Vice President and Controller of RadioShack
Corporation, +1-817-415-2383, investor.relations@radioshack.com

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

FiSpace.Net Provides Investor Social Networking for Shareholders of Banking Stocks WB, WM, USB, WFC, C, and STI

IRVINE, Calif., July 24 /PRNewswire/ -- FiSpace.net, which provides social networking tools for investors, announces the availability of blogs, message boards, and articles regarding the current tumult in the banking industry and related to Wachovia Corporation , Washington Mutual, Inc. , U.S. Bancorp , Wells Fargo & Company , Citigroup Inc. and SunTrust Banks, Inc. .

Visit http://fispace.net/stock/financial/banks-and-lenders

The FiSpace.net exclusive blog, "Bank Stocks: 1/2 Price Sale. Get it While it's Cold!" is among the commentary posted.

FiSpace.net is the premiere Internet destination for stock market readers and writers, allowing individuals to post blogs, articles, messages and more in organized sector channels, allowing for the effective exchange of ideas. By posting content on FiSpace.net individuals can acquire F.A.N.S. (Financial Networked Subscribers) who help increase the author's influence and standing on the site in an unprecedented way.

The first step is to create a FiSpace.net page and start blogging and posting messages. The higher the FANbase, the more influence the author has on FiSpace.net. Everything written is archived under a Sector page selected when a user authors content. In doing so, investors seeking intelligence on any specific sector will find a wide variety of opinion and information via blogs and messages.

FiSpace.net is powered by Market Pathways, a leader in the financial community for nearly thirty years.

Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. FiSpace.net is the property of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as any company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies have not always approved the statements made in this report. This report is neither a solicitation to buy nor an offer to sell securities and is for information purposes only and should not be used as the basis for any investment decision. MP isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. MP has not been paid for preparation and distribution of this report. This constitutes a conflict of interest as to MP's ability to remain objective in communication regarding subject companies. Market Pathways' analyst Brian Kelly holds CRD #2880975.

FiSpace.net

CONTACT: Shannon Squyres, Editor of Market Pathways - SectorWatch.biz,
+1-949-955-0107

Web site: http://www.fispace.net/

FiSpace.Net Provides Investor Social Networking for Shareholders of Fuel Stocks BP, CVX, XOM, SUN, TSO, and VLO

IRVINE, Calif., July 24 /PRNewswire/ -- FiSpace.net, which provides social networking tools for investors, announces the availability of blogs, message boards, and articles regarding traditional fuels and alternative fuels and related to BP plc , Chevron Corporation , Exxon Mobil Corporation , Sunoco, Inc. , Tesoro Corporation and Valero Energy Corporation Visit http://fispace.net/stock/basic-materials/alternative-fuels-energy

The FiSpace.net exclusive blog, "Hold the Alternative Fuels Fort Even if Oil Price Drops" is among the commentary posted.

FiSpace.net is powered by Market Pathways, a leader in the financial community for nearly thirty years.

FiSpace.net

CONTACT: Shannon Squyres, Editor of Market Pathways - SectorWatch.biz,
+1-949-955-0107

Web site: http://www.fispace.net/

Adaptec Announces Strategic Development Agreement with HCL TechnologiesStrategic Engineering Agreement to Provide Adaptec with Improved Productivity, Access to Additional Technology Capabilities and the Ability to Manage and Scale Engineering Resources on Demand

MILPITAS, Calif., July 24 /PRNewswire-FirstCall/ -- Adaptec Inc. today announced a strategic agreement with HCL Technologies Limited that will significantly bolster Adaptec's global engineering capabilities, provide access to HCL's comprehensive IT technology portfolio, allow for greater engineering flexibility and augment Adaptec engineering resources based in the U.S. and Germany. Under the terms of the agreement, Adaptec will retain ownership of all intellectual property (IP) developed, and HCL will integrate Adaptec's India Technology Center (ITC) in Bangalore, India into its operations and assume responsibility for the management of Adaptec engineering programs assigned to that location.

"Our strategic alliance with HCL Technologies allows Adaptec to operate an enhanced India-based engineering team as a true ODC (offshore development center). This gives us the potential for improved productivity by better streamlining overhead costs and increasing our ability to scale our engineering teams on demand," said S. "Sundi" Sundaresh, president and chief executive officer, Adaptec Inc. "In addition, HCL Technologies' impressive array of technology capabilities offers Adaptec the opportunity to seamlessly infuse additional engineering resources and experiences into our development teams that can lead to additional product innovation."

As part of this alliance, Adaptec ITC employees transferred to HCL will continue to work exclusively on Adaptec engineering projects. HCL will have additional engineers work with the Adaptec team to ensure a seamless transition and, where and when appropriate, will provide access to HCL's expansive information technology experience. Adaptec will also have the flexibility to add HCL engineers, as needed. The agreement does not affect the timing and deliverables of any current engineering projects at the Adaptec ITC. Moving forward, the engineering team will contribute to the development of a wide range of Adaptec technologies and products.

"We are pleased to enter into a strategic engineering agreement with Adaptec and welcome its team of India-based engineers into the HCL organization," said Shami Khorana, president of HCL America. "This agreement is not only proof of our commitment to leverage modular capabilities to engage across the value chain, it is also the beginning of a new chapter in the evolution of offshore product development and yet another illustration of our collaborative engagement with our customers."

"HCL is one of the world's best engineering services companies and they have completed development projects for many companies. We are extremely pleased with their quality of work, attention to technical detail and ability to meet milestone dates," said Jim Schmidt, vice president of engineering, Adaptec Inc. "Because Adaptec has worked with HCL on previous engineering projects, we are confident in their level of expertise and anticipate the continued synergy in our go-forward business strategies."

About Adaptec

Adaptec Inc. provides trusted storage solutions that reliably move, manage, and protect critical data and digital content. Adaptec's software and hardware-based solutions are delivered through leading channel partners and Original Equipment Manufacturers (OEMs) to provide storage connectivity, data protection, and networked storage to enterprises, government organizations, medium and small businesses worldwide. More information is available at http://www.adaptec.com/.

About HCL Technologies

HCL Technologies is one of India's leading global IT services companies, providing software-led IT solutions, remote infrastructure management services and BPO. Having made a foray into the global IT landscape in 1999 after its IPO, HCL Technologies focuses on Transformational Outsourcing, working with clients in areas that impact and re-define the core of their business. The company leverages an extensive global offshore infrastructure and its global network of offices in 18 countries to deliver solutions across select verticals including Financial Services, Retail & Consumer, Life Sciences & Healthcare, Hi-Tech & Manufacturing, Telecom and Media & Entertainment (M&E). As of March 31, 2008, HCL Technologies, along with its subsidiaries, had last twelve months (LTM) revenue of U.S. $1.8 billion (Rs. 7083 crores) and employed 49,802 professionals.

About HCL Enterprise

HCL Enterprise is a $4.8 billion leading Global Technology and IT Enterprise that comprises two companies listed in India - HCL Technologies & HCL Infosystems. The three-decade-old enterprise, founded in 1976, is one of India's original IT garage start-ups. Its range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises over 55,000 professionals of diverse nationalities, who operate from 18 countries including 360 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit http://www.hcl.in/.

Contact: Andrew Staples Walt & Company for Adaptec 408-369-7200 ext. 1056 astaples@walt.com

Adaptec Inc.

CONTACT: Andrew Staples of Walt & Company, +1-408-369-7200 ext. 1056,
astaples@walt.com, for Adaptec

Web site: http://www.adaptec.com/
http://www.hcl.in/

NetComm's exclusive Telstra partnership delivers two wireless gateway devicesDeveloped by NetComm - Sierra Wireless EMPOWERED(TM)

SYDNEY, Australia and VANCOUVER, July 24 /PRNewswire-FirstCall/ -- Telstra, Australia's leading telecommunications company, has partnered with NetComm Limited, Australia's leading provider of data communication technology and the world's leading 3G embedded module manufacturer, Sierra Wireless to launch a new mobile broadband device.

The device, introduced today, is marketed as the Telstra Turbo 7 Series Wireless Gateway and BigPond 7.2 Wireless Broadband Home Network Gateway and combines three capabilities in one unit - super-fast mobile broadband, a secure Wi-Fi Gateway and Ethernet connectivity. Both products have been developed exclusively for Telstra's Next G(TM) network, Australia's largest and fastest national mobile broadband network.

This announcement follows the Product Supply Agreement signed between Telstra and NetComm in May 2008 for the provision of broadband routers. It is also part of an ongoing relationship between the companies that builds upon NetComm's commitment to developing and delivering innovative 3G solutions and devices.

Telstra Product Management Executive Director, Mr Ross Fielding, said Telstra teamed with NetComm to create a flexible device that provides shared access to the net virtually anywhere within Telstra Next G(TM) network's two million square kilometre-plus footprint.

"We think customers will really appreciate the convenience and reach of this portable solution, its quick set up and its suitability as an alternative or backup to fixed-line broadband," Mr Fielding said.

Danny Morrsion, General Manager, NetComm commented, "These two gateways are unique in the Australian market in terms of sophistication and capability, offering users super fast connection speeds. They are the culmination of more than six months of NetComm development and innovation, working closely with Telstra to ensure a seamless end-user experience."

"We look forward to working again with Telstra on solutions for the Next G(TM) network. In addition, NetComm and Sierra Wireless also have a long-standing relationship and will continue to work together to develop state-of-the-art wireless connectivity products."

Embedded in both devices is the powerful Sierra Wireless 3G module responsible for the same reliable, high-quality mobile broadband customers have come to expect with Telstra's 7 series range.

"Our collaboration with Netcomm to bring 3G embedded wireless connectivity to their industry-leading gateway solution and to launch with Telstra on their Next G(TM) network takes advantage of each company's strengths," said Jin Pak, Vice President, Asia Pacific Sales for Sierra Wireless. "Australian businesses and consumers know that Netcomm delivers quality products and they are looking for the same quality in the wireless connection to support a variety of high bandwidth applications. Sierra Wireless is pleased to collaborate with Netcomm to deliver a reliable, embedded mobile broadband solution to the Australian market."

These Gateways include state of the art security features such as WPA data encryption, SPI Firewall and VPN pass through, that meet the mobility, flexibility, speed and security needs of Australians.

About Telstra Turbo 7 Series Wireless Gateway

The Telstra Turbo 7 Series Wireless Gateway for Telstra Mobile Business provides a simple, flexible and affordable Internet connection for businesses of all sizes. Businesses can leverage the speed and coverage of the Next G(TM) network to provide mobile and remote high-speed access to data, emails, Internet and business applications, as well as create a network with multiple wireless devices including PCs, laptops, Wi-Fi phone and PDAs with no need for ADSL or cable.

The Turbo 7 Series Wireless Gateway is available for Business and Enterprise.

Telstra Business and Enterprise customers can order the device through any Telstra Shop or Dealer or their Telstra Account Manager. The modem is $529 outright or can be purchased on Telstra's Mobile Repayment Option.

The Turbo 7 Series Wireless Gateway will be available from Friday 25Â July.

About BigPond(R) 7.2 Wireless Broadband Home Network Gateway

The Telstra 7.2 Home Wireless Broadband Home Network Gateway creates a powerful, reliable and secure home network that allows BigPond customers to connect multiple wired and wireless devices to the one secure Internet connection. It is easy to use and provides a consistent and fast Telstra NextÂ G(TM) network connection to the Internet without the need for ADSL or cable.

The BigPond install CD in your Self Install Kit has been designed to configure your BigPond 7.2 Wireless Broadband Home Network Gateway and your computer and laptops automatically.

BigPond 7.2 Wireless Broadband Home Network Gateway will be eligible for the current BigPond Wireless Broadband special offer and available from Telstra Shops and dealers.

BigPond 7.2 Wireless Broadband Home Network Gateway availability will be announced soon.

About Telstra

Telstra Corporation Limited is Australia's leading telecommunications and information services company, with one of the best known brands in the country. Telstra is the only media communications company in Australia that can provide customers with a truly integrated telecommunications experience across fixed line, mobiles, broadband (BigPond(R)), information, transaction and search (Sensis(R) products) and pay TV (FOXTEL from Telstra). Telstra's international businesses include CSL New World Mobility Group, one of Hong Kong's leading mobile operators; TelstraClear Limited, Reach Ltd, a provider of global connectivity and international voice and satellite services and SouFun Holdings Limited, a leading real estate and furnishings website in China. By using an integrated suite of network and media assets, Telstra is creating a world of 1-click, 1-touch, 1-command, any screen solutions that are integrated, operate in real-time, and are simple, easy and valued by customers. For more information visit http://www.telstra.com.au/.

About NetComm Limited

NetComm is Australia's leading provider of data communications solutions. It holds a commanding position in the key markets of Digital Subscriber Line (DSL), high-speed networking, wireless, routers, VoIP, and 3G technologies. NetComm products are researched, developed and engineered in Australia to meet the requirements and conditions of each countries and carrier. The company has a history of sustained growth and innovation, and is listed on the Australian Stock Exchange . For more information visit http://www.netcomm.com.au/

Sierra Wireless EMPOWERED(TM)

Sierra Wireless 3G embedded modules are powerful, cost effective solutions that easily integrate into devices, offering complete wireless data solutions over HSPA and EV-DO Rev A networks. Sierra Wireless EMPOWERED(TM) devices deliver the same reliable, high-quality mobile broadband connectivity customers have come to expect from Sierra Wireless, embedded and optimized within the host device to offer the best possible performance. The company also provides professional services to customers requiring expertise in wireless design, integration, and carrier certification.

About Sierra Wireless

Sierra Wireless modems and software connect people and systems to mobile broadband networks around the world. The Company offers a diverse product portfolio addressing enterprise, consumer, original equipment manufacturer, specialized vertical industry, and machine-to-machine markets, and provides professional services to customers requiring expertise in wireless design, integration, and carrier certification. For more information about Sierra Wireless, visit http://www.sierrawireless.com/.

For information on purchasing Sierra Wireless modules in Australia and New Zealand, please visit: http://www.m2mconnectivity.com.au/

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical fact. Our expectations regarding future revenues and earnings depend in part upon our ability to successfully develop, manufacture, and supply products that we do not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the wireless data communications market. In light of the many risks and uncertainties surrounding the wireless data communications market, you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.

"Sierra Wireless EMPOWERED" is a trademark of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.

Sierra Wireless, Inc.

CONTACT: Kathleen Landry, Sierra Wireless, Phone: (604) 233-6309, Email:
klandry@sierrawireless.com; Yumi Bondy, Netcomm Limited, +61 2 9424 2542,
yumib@netcomm.com.au

Are We There Yet? comScore M:Metrics Reports Mobile Map Use Grows 82 Percent in United States, 49 Percent in EuropeAs families hit the road this summer, more will be turning to the mobile device for turn-by-turn directions.Mobile map usage growing much faster than online map usage

RESTON, Va., July 24 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today reported that the use of mobile maps is increasingly popular in the United States and Europe, with 8 percent of American mobile subscribers and 3 percent of European subscribers accessing maps from the mobile phone in the three-month period ending May 2008. This represents a growth rate of 82 percent and 49 percent in the number of users, respectively. According to the comScore M:Metrics Benchmark Study, the iPhone is the leading device used to access maps in the United States, and in Europe, the device trails the Nokia N95 and N70.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO) Map Access via Mobile Device Three-month average ending May 2007 and May 2008 United States and Western Europe Source: comScore M:Metrics Users (000s) % of Mobile Subscribers Country May-07 May-08 Change May-07 May-08 France 907 1,265 40% 2.0% 2.7% Germany 663 963 45% 1.4% 2.0% Italy 1,595 2,142 34% 3.5% 4.6% Spain 702 1,080 54% 2.0% 3.0% United Kingdom 1,247 2,147 72% 2.0% 2.7% Europe* 5,114 7,597 49% 2.4% 3.4% United States 9,280 16,871 82% 4.4% 7.5% *Includes top five countries listed.

"The mobile phone as a personal navigation device makes tremendous sense," observed Mark Donovan, senior analyst, comScore. "With the influx of devices, such as the iPhone with GPS, entering the market, Nokia's purchase of NAVTEQ and the growing popularity of downloadable navigation applications, you don't need a map to see where this sector is going."

According to comScore, 73 percent of mobile subscribers accessing maps are doing so via the browser in the U.S., and in Europe, 57 percent. Less than a third of Americans and Europeans are using a downloaded application, which allows even feature phones, with less computing power and often smaller screens, to better render graphic-rich maps and directions. Despite the ubiquity of SMS usage in Europe, the penetration of consumers accessing maps and directions via SMS is 24 percent; only one percentage point higher than it is in the United States.

The vast majority of mobile map users are seeking driving directions, even in Europe, where public transportation and non-vehicular options are more popular.

Mode of Transport Intended to be Used when Accessing Maps Three-month average ending May 2007 and May 2008 United States and Western Europe Source: comScore M:Metrics France Germany Italy Spain UK US % Penetration of Activity Driving or riding in car 79.9% 62.4% 77.3% 63.9% 57.9% 85.7% Using public transit 18.6% 30.0% 15.1% 26.1% 30.2% 14.9% Walking, running or biking 21.5% 31.2% 19.4% 22.1% 41.0% 14.6%

While mobile access to maps has surged, online access to maps using the PC shows more modest gains in the United States and Western Europe. In the United Kingdom, which posted the highest growth in mobile access to maps at 72 percent, online access via the PC dipped from 45 percent penetration in May 2007 to 41 percent in May 2008. In the U.S., the increase in the number of users accessing maps from a mobile device far outpaced the increase in the number of people who accessed maps via the PC.

Map Access via PC May 2007 and May 2008 United States and Western Europe Source: comScore Media Metrix Unique Visitors (000s) % of Online Population Country May-07 May-08 Change May-07 May-08 United States 70,471 72,327 3% 44.9 44.2 United Kingdom 14,215 14,027 -1% 45.1 40.7 Germany 11,597 12,188 5% 35.4 35.1 France 10,510 11,622 11% 40.9 37.4 Spain 5,245 5,645 8% 37.7 35.4 Italy 4,718 5,436 15% 26.2 28.3 About comScore

comScore, Inc. is a global leader in measuring the digital world. This capability is based on a massive, global cross-section of approximately 2 million Internet users who have given comScore permission to confidentially capture their browsing and transaction behavior, including online and offline purchasing. comScore panelists also participate in survey research that gathers and integrates their attitudes and intentions. Using its proprietary technology, comScore measures what matters across a broad spectrum of digital behavior and attitudes and helps clients design more powerful marketing strategies that deliver superior ROI. With its recent acquisition of M:Metrics, comScore is also a leading source of data on mobile usage. In an independent survey of 800 of the nation's most influential publishers, advertising agencies and advertisers conducted by William Blair & Company in July 2008, comScore was rated the 'most preferred online audience measurement service' by 54% of respondents, a full 20 points ahead of its nearest competitor. comScore services are used by more than 950 clients, including global leaders such as AOL, Microsoft, Yahoo!, BBC, Carat, Cyworld, Deutsche Bank, France Telecom, Best Buy, The Newspaper Association of America, Financial Times, ESPN, Fox Sports, Nestle, Starcom, Universal McCann, the United States Postal Service, the University of Chicago, Verizon Services Group and ViaMichelin. For more information, please visit http://www.comscore.com/.

About M:Metrics

Acquired by comScore, Inc. in May 2008, M:Metrics is an authoritative source of data on mobile usage. Using its proprietary on-device metering technology and one of the world's largest monthly surveys of mobile users, M:Metrics provides data on actual mobile content consumption by applying trusted media measurement methodologies to the mobile market. M:Metrics' monthly syndicated data service gives clients the critical insights and intelligence used to inform smart business strategies and the competitive benchmarks needed to evaluate the performance of competitors and partners. M:Metrics services are used by more than 180 clients, including global leaders in the mobile, advertising, technology and consumer goods industries such as Verizon, Vodafone, Microsoft, RIM, FOX, CBS, BBC, BMW, Samsung, Palm, Qualcomm, Ericsson, O&M, and JWT. For more information, please visit http://www.mmetrics.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com comScore, Inc.

CONTACT: US Contact: Jaimee Minney, +1-206-757-1360,
jminney@mmetrics.com, or EU Contact: Tina Aird (Lorkin), +44 20 7131 3649,
taird@mmetrics.com, both of comScore, Inc.

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

Misys Announces Preliminary Results for the Year Ended 31 May 2008

LONDON, July 24 /PRNewswire-FirstCall/ -- Key Highlights

Misys plc delivers results ahead of expectations and is now raising targets for the next phase of the turnaround. Misys generated Group revenues(1) of GBP492m up 6%, bringing Group operating profit(2) to GBP81m, 37% ahead of last year. Misys is executing on its strategy and entering into the next phase of the turnaround plan, building a platform for growth.

To view the Multimedia News Release, please click: http://www.prnewswire.com/mnr/misys/34124/

- Banking - Revenue(1) GBP160m, up 5% - Total order intake(5) GBP83m, up 8% - Successful start to implementation of Misys BankFusion with First customer contract signed - Treasury & Capital Markets (TCM) - Revenue(1) GBP141m, up 13% - Total order intake(5) GBP73m, up 16% - Launched strategic partnerships and new revenue generating services - Healthcare - Revenue(1) from continuing operations GBP191m, up 2% - Total order intake(5) GBP103m, up 2% - Stabilised, reorganised and positioned the business for growth - Proposed merger with Allscripts on track - Global Services (Note: revenue and total order intake included within above business units) - Revenue(1) GBP83m, up 19% - Total order intake(5) GBP83m, up 16% - Launched upgrade solution centre in India - Open Source Solutions - Division launched in July 2007 to drive innovation - Focused on two key market opportunities, connecting healthcare communities and carbon trading Financial Performance - Statutory revenue: GBP492m an increase of 5% (2007: GBP469m) - Like for like revenue(1): GBP492m an increase of 6% (2007: GBP464m) - Statutory operating profit: GBP52m an increase of 179% (2007: GBP19m) - Like for like operating profit(2): GBP81m an increase of 37% (2007: GBP59m) - Earnings per share: basic 23.5p (2007: 3.1p); adjusted basic earnings per share from continuing operations(3) 12.6p (2007: 7.5p) - Full year dividends: 7.91p (2007: 7.53p) Mike Lawrie, Chief Executive, Commented:

"Our performance over the last 12 months shows that we are ahead in executing our strategy, delivering improvements for our customers and achieving good results in demanding conditions. We have taken costs out ahead of schedule, divested non-strategic assets, realigned the business, strengthened the management team, invested in new products and services and established winning partnerships that enable us to open up new high growth markets."

"Misys has delivered ahead of schedule on our targets we outlined for the first phase of the turnaround set out in the March 2007 strategy presentation. As we move into the second phase of the turnaround and in light of the progress we have made, we think it appropriate to update the strategic goals for this new phase of the turnaround."

"While we remain vigilant to the challenges posed by the macro-economic backdrop, our geographic business mix, together with our high levels of recurring revenue, give us confidence in our ability to continue to perform. We will sharpen our focus on competing harder, winning more, and entering into new high growth markets. Achieving these goals will establish a longer term platform for growth."

Webcast and dial in facility

A live webcast of the presentation to analysts will be available on the Company's website at http://www.misys.com/ from 09.00 today and will be available on demand from approximately 14.00.

A listen-only dial in facility will also be available. To access this call please dial +44(0)20-8609-0582.

A results interview with Mike Lawrie, Chief Executive will be available from 07.00 on http://www.misys.com/ and on http://www.cantos.com/.

About Misys plc

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

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

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

Misys: Experience, Solutions, Results Notes

(1) On a like for like basis, which is at constant exchange rates for continuing operations, excludes disposals and the incremental benefit of acquisitions.

(2) Excludes exceptional items, gains and losses on embedded derivatives, amortisation of acquired intangibles, translation exchange differences recycled from reserves and the impact of acquisitions and disposals and is stated at constant exchange rates.

(3) Excludes the results from discontinued operations, exceptional items, gains and losses on embedded derivatives, amortisation of acquired intangibles and the impact of translation exchange differences recycled from reserves and is based on an average number of shares in issue of 483m.

(4) Excludes exceptional items, gains and losses on embedded derivatives, amortisation of acquired intangibles and the impact of translation exchange differences recycled from reserves.

(5) Total order intake is presented on a gross basis reflecting contracts signed during the fiscal year. Prior year amounts were previously reported on a net basis, however for comparative purposes 2007 has been restated to a gross basis.

Full details of Misys Preliminary Results for the fiscal year ended 31 May 2008 can be found at http://www.misys.com/

Analyst / Investor Inquiries John Kiernan T: +44(0)207-368-2336 M: +1-646-233-9954 Email: john.kiernan@misys.com Media Inquiries Carl Gibson T: +44(0)207-368-2344 M: +44(0)782-523-6473 Email: carl.gibson@misys.com

Misys plc

CONTACT: Analyst / Investor Inquiries: John Kiernan, T:
+44(0)207-368-2336, M: +1-646-233-9954, Email: john.kiernan@misys.com; Media
Inquiries: Carl Gibson, T: +44(0)207-368-2344, M: +44(0)782-523-6473, Email:
carl.gibson@misys.com

Alibaba.com Opens Taiwan Office

Launch of Gold Supplier Membership to Boost Taiwan's Export Competitiveness

TAIPEI, Taiwan, July 24 /Xinhua-PRNewswire/ -- Alibaba.com today opened its fourth functional office outside mainland China. The new Taipei office will be able to better serve its 40,000 local members and enable more small and medium-size enterprises (SMEs) in Taiwan to grow their business through e-commerce. Alibaba.com's three websites -- for global trade, domestic trade in mainland China and trade with Japan -- collectively form a business community of close to 30 million registered users from over 240 countries and regions.

Taiwan is a priority market for Alibaba.com and the company is committed to bringing global trade opportunities to Taiwan SMEs by helping them reach millions of buyers and sellers around the world. Alibaba.com is the only business-to-business e-commerce company that connects its Taiwan members with potential trading partners in mainland China, emerging markets like India and developed markets like Japan, Europe and the US on one single platform.

In 2007, there were over 1.2 million SMEs in Taiwan, accounting for around 98% of all enterprises(1) and more than 220,000 of them are engaged in export related businesses(2). With the saturation and slowing of Taiwan's domestic market, it has become more crucial for local SMEs to engage in international trade to stay competitive. However, official statistics estimate that SMEs contribute only around 18% of Taiwan's total export sales. This compares to around 40% of exports contributed by SMEs in South Korea and India, and over 60% by SMEs in mainland China.

"The launch of our Taipei office signifies our strong commitment to invest more resources to develop the Taiwan market and help local SMEs with global trade," said David Wei, Chief Executive Officer, Alibaba.com. "Alibaba.com can provide Taiwan's 220,000 export orientated SMEs with the right tools to connect with a huge pool of active international buyers and increase their competitiveness. In order to enhance our reach in Taiwan, we are also open to local partnerships in Taiwan in the future."

Steve Kang, Senior Business Manager, Alibaba.com Taiwan, commented, "In recent years, fierce competition and a flat domestic economy have cut into the profits of Taiwan businesses and traditional cost saving measures are no longer enough. SMEs in Taiwan need to increase their margins by finding new customers overseas and Alibaba.com can help them tap into the global marketplace."

Alibaba.com recently launched its Gold Supplier membership package in Taiwan. This paid service enables suppliers to gain more exposure to buyers on Alibaba.com's international marketplace by providing them with a premium storefront, priority placement in search results and high quality customer service. The Taipei office will provide local customer service, marketing and sales support, as well as conducting offline education and training for its Taiwan customers. Currently, Alibaba.com has about 2,000 paying members in Taiwan.

(1) According to the 2007 White Paper on SMEs published by the Ministry of Economic Affairs of Taiwan (2) According to the Taiwan External Trade Development Council (TAITRA) About Alibaba.com Limited

Alibaba.com Limited (HKSE: 1688), a member of the Alibaba Group, is the world's leading B2B e-commerce company. It connects millions of buyers and suppliers from around the world every day through three marketplaces: an English-language marketplace ( http://www.alibaba.com/ ) for global importers and exporters, a Chinese-language marketplace ( http://www.alibaba.com.cn/ ) for domestic trade in China, and a Japanese-language marketplace ( http://www.alibaba.co.jp/ ) facilitating trade to and from Japan. Together, its marketplaces form a community of close to 30 million registered users from over 240 countries and regions. Alibaba.com has offices in more than 30 cities in mainland China, Taiwan, Hong Kong, Europe and the US.

For media inquiries, please contact: Christina Splinder Alibaba.com Limited Tel: +852-2215-5130 Email: csplinder@alibaba-inc.com Jasper Chan Alibaba.com Limited Tel: +852-2215-5213 Email: jasperchan@alibaba-inc.com

Alibaba.com Limited

CONTACT: Christina Splinder of Alibaba.com Limited, +852-2215-5130, or
csplinder@alibaba-inc.com; or Jasper Chan of Alibaba.com Limited, +852-2215-
5213, or jasperchan@alibaba-inc.com

Web site: http://alibaba.com/
http://www.alibaba.com.cn/
http://www.alibaba.co.jp/

Are We There Yet? comScore M:Metrics Reports Mobile Map Use Grows 82 Percent in United States, 49 Percent in Europe

RESTON, Virginia, July 24 /PRNewswire/ --

- As families hit the road this summer, more will be turning to the mobile device for turn-by-turn directions.

- Mobile map usage growing much faster than online map usage

comScore, Inc. (Nasdaq: SCOR), a leader in measuring the digital world, today reported that the use of mobile maps is increasingly popular in the United States and Europe, with 8 percent of American mobile subscribers and 3 percent of European subscribers accessing maps from the mobile phone in the three-month period ending May 2008. This represents a growth rate of 82 percent and 49 percent in the number of users, respectively. According to the comScore M:Metrics Benchmark Study, the iPhone is the leading device used to access maps in the United States, and in Europe, the device trails the Nokia N95 and N70.

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

Map Access via Mobile Device Three-month average ending May 2007 and May 2008 United States and Western Europe Source: comScore M:Metrics Users (000s) % of Mobile Subscribers Country May-07 May-08 Change May-07 May-08 France 907 1,265 40% 2.0% 2.7% Germany 663 963 45% 1.4% 2.0% Italy 1,595 2,142 34% 3.5% 4.6% Spain 702 1,080 54% 2.0% 3.0% United Kingdom 1,247 2,147 72% 2.0% 2.7% Europe* 5,114 7,597 49% 2.4% 3.4% United States 9,280 16,871 82% 4.4% 7.5% *Includes top five countries listed.

The vast majority of mobile map users are seeking driving directions, even in Europe, where public transportation and non-vehicular options are more popular.

About comScore

comScore, Inc. (NASDAQ: SCOR) is a global leader in measuring the digital world. This capability is based on a massive, global cross-section of approximately 2 million Internet users who have given comScore permission to confidentially capture their browsing and transaction behavior, including online and offline purchasing. comScore panelists also participate in survey research that gathers and integrates their attitudes and intentions. Using its proprietary technology, comScore measures what matters across a broad spectrum of digital behavior and attitudes and helps clients design more powerful marketing strategies that deliver superior ROI. With its recent acquisition of M:Metrics, comScore is also a leading source of data on mobile usage. In an independent survey of 800 of the nation's most influential publishers, advertising agencies and advertisers conducted by William Blair & Company in July 2008, comScore was rated the 'most preferred online audience measurement service' by 54% of respondents, a full 20 points ahead of its nearest competitor. comScore services are used by more than 950 clients, including global leaders such as AOL, Microsoft, Yahoo!, BBC, Carat, Cyworld, Deutsche Bank, France Telecom, Best Buy, The Newspaper Association of America, Financial Times, ESPN, Fox Sports, Nestle, Starcom, Universal McCann, the United States Postal Service, the University of Chicago, Verizon Services Group and ViaMichelin. For more information, please visit www.comscore.com.

About M:Metrics

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

comScore, Inc.

US Contact: Jaimee Minney, +1-206-757-1360, jminney@mmetrics.com, or EU Contact: Tina Aird (Lorkin), +44-20-7131-3649, taird@mmetrics.com, both of comScore, Inc. /Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO , AP Archive: http://photoarchive.ap.org , PRN Photo Desk, photodesk@prnewswire.com

ARM Q2 and Half Year 2008 Trading Update

CAMBRIDGE, England, July 24 /PRNewswire/ -- Due to an inadvertent disclosure of our Q2 2008 headline numbers, ARM Holdings plc [(LSE: ARM); (NASDAQ: ARMH)] announces its expected preliminary unaudited financial results for the second quarter and half year ended 30 June 2008. The full set of results will be released on 30 July 2008.

A conference call will be held today at 08:00 BST to discuss this announcement. The dial-in number for the conference call is +44-1452-541-077, Reference ID: 57633449. A play back of the conference call will be available on the ARM IR website at http://www.arm.com/ir.

Highlights (US GAAP unless otherwise stated)

- Q2 revenues at $128.1m, GBP65.0m - Normalised operating margin at 31.5% (US GAAP 18.3%) - Normalised PBT at GBP21.1m (US GAAP GBP12.6m) - Normalised EPS at 1.17p (US GAAP 0.71p) - Strong orders increase group backlog above previous quarter's record level - Reiterating FY 2008 guidance - Processor Division (PD): Strong licensing platform driving royalty momentum - Licensing revenues down sequentially and year-on-year - H2 licensing uplift expected due to strong opportunity pipeline - Architecture license signed for current and future ARM technology with strategic OEM - Royalty revenue up 27% year-on-year - Physical IP Division (PIPD): Second quarter of sequential growth for both licensing and royalty revenues - Total revenue at $22.3m, up 5% year-on-year - Licensing revenues increased 7% sequentially to $12.6m - Royalty revenue up 33% year-on-year - Business model yields increasing cash returns - Record generation of cash in the quarter at GBP26.5m - GBP30.7m returned to shareholders in Q2 2008, GBP15.3m by dividend and GBP15.4m by share buybacks - Net cash of GBP50.6m at the end of Q2 - 2008 interim dividend announced at 0.88p per share, up 10% year-on-year

Outlook

We enter the second half of 2008 with a broad product portfolio for licensing into an increasingly diverse customer base; an opportunity pipeline expected to deliver near-term license revenue and good royalty momentum across the business.

We therefore reiterate the guidance for FY 2008 given in both February and April; assuming no further deterioration in the trading environment, we continue to expect to increase dollar revenues in FY 2008 by at least the growth rate achieved in FY 2007.

Commenting on the results, Warren East, Chief Executive Officer, said:

"ARM has made good progress in the first half of 2008 in challenging market conditions, further extending the group's backlog which was already at record levels. We see continued strong demand for ARM's technology including long-term commitments for our processor and physical IP technology by industry leaders.

Prospects for PD licensing in H2 2008 are promising notwithstanding the uncertain current trading environment. We have a broad product portfolio that our customers are designing into applications from mobile computers to microcontrollers. We are encouraged by our second successive quarter of sequential growth in PIPD as we build momentum in that business.

Growth of more than 25% year-on-year in underlying royalty revenues for both PD and PIPD provides further evidence of the increasing use of ARM's technology in a rapidly broadening range of consumer electronics products.

Whilst investing in future technology innovation, we continue to exercise financial restraint, reducing overall operating costs and headcount, thereby increasing margins sequentially; generating record levels of cash within the quarter; and increasing the interim dividend."

Q2 2008 - Revenue Analysis

Revenue ($m)*** Revenue (GBPm) Q2 2008 Q2 2007 % Change Q2 2008 Q2 2007 % Change PD Licensing 30.2 45.3 -33% 15.3 23.2 -34% Royalties 51.0 40.1 27% 26.0 20.2 29% Total PD 81.2 85.4 -5% 41.3 43.4 -5% PIPD Licensing 12.6 14.0 -10% 6.4 7.1 -10% Royalties(1) 9.7 7.3 33% 4.9 3.6 36% Total PIPD 22.3 21.3 5% 11.3 10.7 5% Development Systems 16.2 14.1 15% 8.2 7.1 15% Services 8.4 8.4 4.2 4.3 -2% Total Revenue 128.1 129.2 -1% 65.0 65.5 -1%

(1) Includes catch-up royalties in Q2 2008 of $1.1m (GBP0.6m) and in Q2 2007 of $0.6m (GBP0.3m).

H1 2008 - Revenue Analysis

Revenue ($m)*** Revenue (GBPm) H1 2008 H1 2007 % Change H1 2008 H1 2007 % Change PD Licensing 66.6 82.7 -20% 33.5 42.6 -21% Royalties 105.8 85.1 24% 53.9 43.2 25% Total PD 172.4 167.8 3% 87.4 85.8 2% PIPD Licensing 24.4 31.0 -21% 12.3 15.7 -22% Royalties(1) 18.8 15.6 20% 9.6 7.9 21% Total PIPD 43.2 46.6 -7% 21.9 23.6 -7% Development Systems 30.3 27.7 9% 15.3 14.1 9% Services 16.5 16.3 1% 8.3 8.5 -2% Total Revenue 262.4 258.4 2% 132.9 132.0 1%

(1) Includes catch-up royalties in H1 2008 of $2.1m (GBP1.1m) and in H1 2007 of $2.1m (GBP1.1m).

Q2 2008 - Financial Summary

US GAAP Normalised* US GAAP GBPM Q2 2008 Q2 2007 % Change Q2 2008 Q2 2007 Revenue 65.0 65.5 -1% 65.0 65.5 Income before income tax 21.1 22.5 -6% 12.6 12.0 Operating margin 31.5% 32.0% 18.3% 16.0% Earnings per share (pence) 1.17 1.18 -1% 0.71 0.64 Net cash generation** 26.5 10.0 Effective fx rate ($/GBP) 1.97 1.97

H1 2008 - Financial Summary

US GAAP Normalised* US GAAP GBPM H1 2008 H1 2007 % Change H1 2008 H1 2007 Revenue 132.9 132.0 1% 132.9 132.0 Income before income tax 42.5 44.1 -4% 24.8 24.7 Operating margin 31.0% 31.1% 17.7% 16.5% Earnings per share (pence) 2.33 2.32 1% 1.39 1.34 Net cash generation** 40.2 25.5 Effective fx rate ($/GBP) 1.97 1.96

* Normalised figures are based on US GAAP, adjusted for acquisition-related, share-based remuneration and restructuring charges. ** Before dividends and share buybacks, net cash flows from share option exercises and acquisition consideration. *** Dollar revenues are based on the group's actual dollar invoicing, where applicable, and using the rate of exchange applicable on the date of the transaction for invoicing in currencies other than dollars. Approximately 95% of invoicing is in dollars.

ARM Ltd

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

ARM Q2 and Half Year 2008 Trading Update

CAMBRIDGE, England, July 24 /PRNewswire-FirstCall/ -- Due to an inadvertent disclosure of our Q2 2008 headline numbers, ARM Holdings plc [; ] announces its expected preliminary unaudited financial results for the second quarter and half year ended 30 June 2008. The full set of results will be released on 30 July 2008.

Highlights (US GAAP unless otherwise stated) - Q2 revenues at $128.1m, GBP65.0m - Normalised operating margin at 31.5% (US GAAP 18.3%) - Normalised PBT at GBP21.1m (US GAAP GBP12.6m) - Normalised EPS at 1.17p (US GAAP 0.71p) - Strong orders increase group backlog above previous quarter's record level - Reiterating FY 2008 guidance - Processor Division (PD): Strong licensing platform driving royalty momentum - Licensing revenues down sequentially and year-on-year - H2 licensing uplift expected due to strong opportunity pipeline - Architecture license signed for current and future ARM technology with strategic OEM - Royalty revenue up 27% year-on-year - Physical IP Division (PIPD): Second quarter of sequential growth for both licensing and royalty revenues - Total revenue at $22.3m, up 5% year-on-year - Licensing revenues increased 7% sequentially to $12.6m - Royalty revenue up 33% year-on-year - Business model yields increasing cash returns - Record generation of cash in the quarter at GBP26.5m - GBP30.7m returned to shareholders in Q2 2008, GBP15.3m by dividend and GBP15.4m by share buybacks - Net cash of GBP50.6m at the end of Q2 - 2008 interim dividend announced at 0.88p per share, up 10% year-on-year Outlook

Commenting on the results, Warren East, Chief Executive Officer, said:

Q2 2008 - Revenue Analysis Revenue ($m)*** Revenue (GBPm) Q2 2008 Q2 2007 % Change Q2 2008 Q2 2007 % Change PD Licensing 30.2 45.3 -33% 15.3 23.2 -34% Royalties 51.0 40.1 27% 26.0 20.2 29% Total PD 81.2 85.4 -5% 41.3 43.4 -5% PIPD Licensing 12.6 14.0 -10% 6.4 7.1 -10% Royalties(1) 9.7 7.3 33% 4.9 3.6 36% Total PIPD 22.3 21.3 5% 11.3 10.7 5% Development Systems 16.2 14.1 15% 8.2 7.1 15% Services 8.4 8.4 4.2 4.3 -2% Total Revenue 128.1 129.2 -1% 65.0 65.5 -1%

(1) Includes catch-up royalties in Q2 2008 of $1.1m (GBP0.6m) and in Q2 2007 of $0.6m (GBP0.3m).

H1 2008 - Revenue Analysis Revenue ($m)*** Revenue (GBPm) H1 2008 H1 2007 % Change H1 2008 H1 2007 % Change PD Licensing 66.6 82.7 -20% 33.5 42.6 -21% Royalties 105.8 85.1 24% 53.9 43.2 25% Total PD 172.4 167.8 3% 87.4 85.8 2% PIPD Licensing 24.4 31.0 -21% 12.3 15.7 -22% Royalties(1) 18.8 15.6 20% 9.6 7.9 21% Total PIPD 43.2 46.6 -7% 21.9 23.6 -7% Development Systems 30.3 27.7 9% 15.3 14.1 9% Services 16.5 16.3 1% 8.3 8.5 -2% Total Revenue 262.4 258.4 2% 132.9 132.0 1%

(1) Includes catch-up royalties in H1 2008 of $2.1m (GBP1.1m) and in H1 2007 of $2.1m (GBP1.1m).

Q2 2008 - Financial Summary US GAAP Normalised* US GAAP GBPM Q2 2008 Q2 2007 % Change Q2 2008 Q2 2007 Revenue 65.0 65.5 -1% 65.0 65.5 Income before income tax 21.1 22.5 -6% 12.6 12.0 Operating margin 31.5% 32.0% 18.3% 16.0% Earnings per share (pence) 1.17 1.18 -1% 0.71 0.64 Net cash generation** 26.5 10.0 Effective fx rate ($/GBP) 1.97 1.97 H1 2008 - Financial Summary US GAAP Normalised* US GAAP GBPM H1 2008 H1 2007 % Change H1 2008 H1 2007 Revenue 132.9 132.0 1% 132.9 132.0 Income before income tax 42.5 44.1 -4% 24.8 24.7 Operating margin 31.0% 31.1% 17.7% 16.5% Earnings per share (pence) 2.33 2.32 1% 1.39 1.34 Net cash generation** 40.2 25.5 Effective fx rate ($/GBP) 1.97 1.96 * Normalised figures are based on US GAAP, adjusted for acquisition-related, share-based remuneration and restructuring charges. ** Before dividends and share buybacks, net cash flows from share option exercises and acquisition consideration. *** Dollar revenues are based on the group's actual dollar invoicing, where applicable, and using the rate of exchange applicable on the date of the transaction for invoicing in currencies other than dollars. Approximately 95% of invoicing is in dollars. Contacts: Fiona Laffan/Pavla Shaw Tim Score/Ian Thornton Brunswick ARM Holdings plc +44(0)207-404-5959 +44(0)1628-427800

ARM Ltd

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

Misys - Preliminary Results - Interview With CEO

LONDON, July 24 /PRNewswire-FirstCall/ -- As the turnaround at Misys, the software and services provider company, moves into Phase 2, CEO Mike Lawrie raises targets for revenue growth and margin improvement on the back of strong results.

In a video interview Mr Lawrie said all the group's businesses performed well with revenues on a like-for-like basis up 6% and operating profits up 37%.

Updating the group's turnaround Mr Lawrie said they were ahead of plan and the first phase was complete.

"Now the next phase is about leveraging all that we have accomplished in the first phase and building a sustainable growth platform so we can continue to deliver revenue growth and profit growth going forward."

The interview, podcast and vodcast are available now on http://www.cantos.com/. It's free to view. All you need to do is register at http://www.cantos.com/. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333. Cantos CEO interviews are also available on our CEO Insight page on iTunes.

Misys plc

CONTACT: If you would like to contact us, please email
enquiries@cantos.com or phone +44-207-936-1333

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 after tax: 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$59.77 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.

CONTACT: Fiona Chiu, Corporate Communications Dept, AU Optronics Corp,
+886-3-500-8899 x3206, or fax, +886-3-577-2730, or email, fiona.chiu@auo.com;
Yawen Hsiao, Corporate Communications Dept., AU Optronics Corp.,
+886-3-500-8899 x3211, or fax, +886-3-5772730, or email, yawen.hsiao@auo.com

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

VASCO Reports Results for Second Quarter and First Six Months of 2008.Revenues for the second quarter 2008 increased 9% over second quarter 2007 and were the highest in the Company's history; Operating income decreased 4% over second quarter 2007. Updated guidance for full-year 2008 provided. Financial results for the second quarter of 2008 to be discussed on conference call today at 10:00 a.m. E.D.T.

OAKBROOK TERRACE, Ill. and ZURICH, Switzerland, July 24 /PRNewswire-FirstCall/ -- VASCO Data Security International, Inc. (http://www.vasco.com/) today reported financial results for the second quarter and six months ended June 30, 2008.

Revenue for the second quarter of 2008 increased 9% to $35.4 million from $32.4 million for the second quarter of 2007, and for the first six months of 2008, increased 9% to $64.3 million from $58.8 million for the first six months of 2007.

Net income for the second quarter of 2008 was $7.5 million, or $0.20 per diluted share, an increase of $0.6 million, or 9%, from $6.9 million, or $0.18 per diluted share, for the comparable period in 2007. Net income for the first six months of 2008 was $12.4 million, or $0.32 per diluted share, an increase of $0.5 million, or 5%, from $11.8 million, or $0.31 per diluted share, for the comparable period in 2007.

Other Financial Highlights:

-- Gross profit was $25.4 million, or 72% of revenue, for the second quarter of 2008 and $45.4 million, or 71% of revenue, for the first six months of 2008. Gross profit was $20.7 million, or 64% of revenue for the second quarter of 2007 and $38.2 million, or 65% of revenue, for the first six months of 2007.

-- Operating expenses for the second quarter and first six months of 2008 were $16.4 million and $30.6 million, respectively, an increase of 46% from $11.2 million reported for the second quarter of 2007 and an increase of 40% from $21.9 million reported for the first six months of 2007. Operating expenses for the second quarter and first six months of 2008 included $0.8 million and $1.5 million, respectively, related to stock-based incentives.

-- Operating income for the second quarter and first six months of 2008 was $9.0 million and $14.9 million, respectively, a decrease of $0.4 million, or 4%, from $9.4 million reported for the second quarter of 2007 and a decrease of $1.4 million, or 9%, from $16.3 million reported for the first six months of 2007. Operating income, as a percentage of revenue, for the second quarter and first six months of 2008 was 26% and 23%, respectively, compared to 29% and 28% for the comparable periods in 2007.

-- Earnings before interest, taxes, depreciation and amortization (EBITDA) was $9.9 million and $16.9 million for the second quarter and first six months of 2008, respectively, a decrease of 3% from $10.2 million reported for the second quarter of 2007 and a decrease of 5% from $17.7 million reported for the first six months of 2007.

-- Net cash balances, cash balances less borrowing under VASCO's line of credit, at June 30, 2008 totaled $42.1 million compared to $47.8 million and $38.8 million at March 31, 2008 and December 31, 2007, respectively.

Operational and Other Highlights: -- VASCO won 516 new customers in Q2 2008 (79 new banks and 437 new enterprise security customers). For the first six months of 2008, VASCO won 1,107 new customers (150 banks and 957 enterprise security customers). -- Banco Itau (Brazil) secures more than 1.6 million end users with VACMAN Controller/Digipass GO3 -- Independent Bankers' Bank (U.S.) secures online banking with VACMAN Controller/Digipass GO6 -- Mizuho Bank (Japan), Intesa Sanpaolo (Italy) and Banco Itau (Brazil) receive VASCO's Market Vision Award -- Digipass integrated into SonicWall SSL-VPN -- VASCO opens subsidiary in Mumbai India -- VASCO expands US Channel Partner Program -- VASCO ranks 5th in Fortune Small Business Top 100 and 14th in BusinessWeek's Hot Growth Companies top 50. Guidance for full-year 2008: VASCO updated its full-year 2008 guidance as follows:

-- Revenue growth of 15% to 25% for the full-year 2008 over full-year 2007, a reduction from its previous guidance of 10 percentage points in each end of the range,

-- Gross margins as a percentage of revenue of 60% to 68% for full-year 2008, which is unchanged from previous guidance, and

-- Operating margins as a percentage of revenue of 20% to 25% for full- year 2008, which is also unchanged from previous guidance.

"We are pleased with the progress we saw in the business in Q2," stated T. Kendall Hunt, Chairman & CEO. "Not only did we report a record level of revenues for a quarter, but we also increased our deferred revenues and saw a strong order flow throughout the quarter. The current order flow reinforces our belief that our growth rates over 2007 will accelerate in the second half of the year. We are, however, reducing our revenue guidance for two primary reasons. One is to more fully consider the impact of our business strategies where a larger portion of our business activity relates to recurring software revenue, which may be deferred and recognized in future periods. The second is to reflect a more conservative outlook for the full year given the uncertainty of the world economies."

"We are continuing to make investments in our infrastructure and continuing our aggressive hiring plan," said Jan Valcke, VASCO's President and COO. "Our business mix is evolving favorably, as expressed by the increase in gross margins. It is our goal to accelerate our growth in enterprise security and other non-traditional markets while strengthening our position in the banking sector."

Cliff Bown, Executive Vice President and CFO added, "The continued strong operating performance has allowed us to both invest strongly in the business and strengthen our balance sheet. While our net cash balance decreased $5.7 million or 12% during the quarter, our working capital increased $7.8 million or 13% from March 31, 2008. Days Sales Outstanding (DSO) in net accounts receivable increased to approximately 83 days at June 30, 2008 from 67 days and 76 days at March 31, 2008 and December 31, 2007, respectively."

Conference Call Details

In conjunction with this announcement, VASCO Data Security International, Inc. will host a conference call today, July 24, 2008, at 10:00 a.m. EDT - 16:00h CET. During the Conference Call, Mr. Ken Hunt, CEO, Mr. Jan Valcke, President and COO, and Mr. Cliff Bown, CFO, will discuss VASCO's results for the second quarter 2008.

To participate in this Conference Call, please dial one of the following numbers:

USA/Canada: 888 562 3356 International: +1 973 582 2700 Participants should reference Conference ID - 54791512#.

The Conference Call is also available in listen-only mode on http://www.vasco.com/. Please log on 15 minutes before the start of the Conference Call in order to download and install any necessary software. The recorded version of the Conference Call will be available on the VASCO website 24 hours a day.

VASCO Data Security International, Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) Three months ended Six months ended June 30, June 30, 2008 2007 2008 2007 Net revenue $35,409 $32,442 $64,337 $58,847 Cost of goods sold 10,007 11,755 18,895 20,630 Gross profit 25,402 20,687 45,442 38,217 Operating costs: Sales and marketing 9,036 6,659 16,737 12,749 Research and development 2,966 2,076 5,656 3,999 General and administrative 4,230 2,249 7,765 4,636 Amortization of purchased intangible assets 124 253 396 511 Total operating costs 16,356 11,237 30,554 21,895 Operating income 9,046 9,450 14,888 16,322 Interest income, net 277 80 534 138 Other income (expense), net (43) (8) 217 (45) Income before income taxes 9,280 9,522 15,639 16,415 Provision for income taxes 1,822 2,666 3,284 4,596 Net income $7,458 $6,856 $12,355 $11,819 Net income per share: Basic $0.20 $0.19 $0.33 $0.32 Diluted $0.20 $0.18 $0.32 $0.31 Weighted average common shares outstanding: Basic 37,130 36,879 37,120 36,722 Diluted 38,198 38,228 38,253 38,115 VASCO Data Security International, Inc. CONSOLIDATED BALANCE SHEETS (in thousands) June 30, December 31, 2008 2007 ASSETS (unaudited) Current assets: Cash and equivalents $42,076 $38,833 Accounts receivable, net of allowance for doubtful accounts 32,384 25,721 Inventories 10,833 7,076 Prepaid expenses 1,550 1,712 Foreign sales tax receivable 7,661 4,919 Deferred income taxes 258 476 Other current assets 175 180 Total current assets 94,937 78,917 Property and equipment, net 3,000 2,140 Goodwill, net of accumulated amortization 15,361 14,319 Intangible assets, net of accumulated amortization 2,109 2,295 Other assets, net of accumulated amortization 3,647 3,005 Total assets $119,054 $100,676 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable 6,395 7,757 Deferred revenue 6,200 5,608 Accrued wages and payroll taxes 5,493 5,330 Income taxes payable 5,283 4,008 Other accrued expenses 4,703 3,776 Total current liabilities 28,074 26,479 Deferred warranty 226 309 Accrued compensation 723 1,281 Deferred revenue 1,206 457 Deferred tax liability 542 611 Total liabilities 30,771 29,137 Stockholders' equity: Common stock 37 37 Additional paid-in capital 65,597 64,734 Accumulated income 12,920 565 Accumulated other comprehensive income 9,729 6,203 Total stockholders' equity 88,283 71,539 Total liabilities and stockholders' equity $119,054 $100,676

Reconciliation of Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") to net income:

Three months Six months ended June 30, ended June 30, 2008 2007 2008 2007 (in thousands, unaudited) (in thousands, unaudited) EBITDA $9,896 $10,207 $16,917 $17,761 Interest income, net 277 80 534 138 Provision for income taxes (1,822) (2,666) (3,284) (4,596) Depreciation and amortization (893) (765) (1,812) (1,484) Net income $7,458 $6,856 $12,355 $11,819

EBITDA is a non-GAAP financial measure within the meaning of applicable U.S. Securities and Exchange Commission rules and regulations. We use EBITDA as a measure of performance, a simplified tool for use in communicating our performance to investors and analysts and for comparisons to other companies within our industry. As a performance measure, we believe that EBITDA presents a view of our operating results that is most closely related to serving our customers. By excluding interest, taxes, depreciation and amortization we are able to evaluate performance without considering decisions that, in most cases, are not directly related to meeting our customers' requirements and were either made in prior periods (e.g., depreciation and amortization), or deal with the structure or financing of the business (e.g., interest) or reflect the application of regulations that are outside of the control of our management team (e.g., taxes). Similarly, we find that the comparison of our results to those of our competitors is facilitated when we do not need to consider the impact of those items on our competitors' results.

EBITDA should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with accounting principles generally accepted in the United States. While we believe that EBITDA, as defined above, is useful within the context described above, it is in fact incomplete and not a measure that should be used to evaluate our full performance or our prospects. Such an evaluation needs to consider all of the complexities associated with our business including, but not limited to, how past actions are affecting current results and how they may affect future results, how we have chosen to finance the business and how regulations and the other aforementioned items affect the final amounts that are or will be available to shareholders as a return on their investment. Net income determined in accordance with U.S. GAAP is the most complete measure available today to evaluate all elements of our performance. Similarly, our Consolidated Statement of Cash Flows, which will be filed as part of our annual report on Form 10-K, provides the full accounting for how we have decided to use resources provided to us from our customers, lenders and shareholders.

About VASCO: VASCO is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions. VASCO has positioned itself as a global software company for Internet Security serving a customer base of more than 7,600 companies in more than 100 countries, including more than 1,150 international financial institutions. VASCO's prime markets are the financial sector, enterprise security, e-commerce and e-government.

Forward Looking Statements

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," "expects," and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Reference is made to our public filings with the U.S. Securities and Exchange Commission for further information regarding VASCO and our operations.

For more information contact:

Jochem Binst, +32 2 609 97 40, jbinst@vasco.com

VASCO Data Security International, Inc.

CONTACT: Jochem Binst of VASCO Data Security International, Inc.,
+32 2 609 97 40, jbinst@vasco.com

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

Zebra Technologies Announces 2008 Second Quarter Financial ResultsSolid performance across the company leads to record sales and sustained high gross margin

VERNON HILLS, Ill., July 24 /PRNewswire-FirstCall/ -- . Zebra Technologies Corporation today announced 21.5% growth in net sales to a record $253,782,000 for the second quarter of 2008 from $208,912,000 for the second quarter of 2007. Net income for the period was $25,526,000, or $0.39 per diluted share, including exit costs of $4,680,000 which reduced earnings by $0.05 per diluted share. For the second quarter of 2007, net income was $25,633,000, or $0.37 per diluted share.

"Strong business execution led to high international and North American sales growth for specialty printing and a sharp sequential increase in our enterprise solutions business," stated Anders Gustafsson, Zebra's chief executive officer. "Our programs to penetrate more deeply into targeted vertical markets and extend our geographic reach are building a more diversified customer base. We are winning additional business opportunities with new products and solutions that help our customers identify, manage and track a broader range of assets within the enterprise and across the supply chain. These activities make us optimistic about further growth and give us confidence in our ability to meet our long-term objectives."

Discussion and Analysis For the second quarter of 2008 compared with the second quarter of 2007:

-- Consolidated sales growth of 21.5% resulted from 12.8% growth in the company's Specialty Printing Group (SPG) and $25,020,000 in sales from the company's Enterprise Solutions Group (ESG). International sales increased 28.0%, with record sales in the Asia Pacific and Latin America regions. North American sales increased 14.1%. Consolidated sales were affected by $5,009,000 in unfavorable adjustments from revenue hedging activities.

-- Gross profit margin increased to 50.3% from 47.6%. Profitability was favorably affected by lower product costs, favorable changes in foreign exchange, and certain one-time items that accounted for 1.0 percentage points of the gross margin improvement.

-- Operating expenses increased from acquisition-related additions of personnel and other expenses, the implementation of annual merit pay increases, higher SPG marketing expenses and costs for two customer conferences.

-- Operating expenses were also affected by a $2,059,000 increase in the amortization of intangible assets from the acquisitions of Navis and Multispectral Solutions, as well as $4,680,000 in exit costs related to the company's previously announced initiative to transfer final assembly of thermal printers to a third party.

For the first six months of 2008, the company had net sales of $500,059,000, up 19.8% from $417,488,000 for the same period a year ago. First-half net income totaled $53,170,000, or $0.81 per diluted share, including $7,914,000 in exit costs which reduced earnings by $0.08 per diluted share.

At June 28, 2008, Zebra had $270,148,000 in cash and investments, and no long-term debt. Net inventories were $101,339,000, and accounts receivable, net, were $179,081,000.

During the second quarter of 2008, the company repurchased 461,000 shares of Zebra Technologies Class A Common Stock under an authorization to purchase up to 3,000,000 shares. In the first six months of 2008, the company repurchased 1,490,600 shares of Zebra stock for $48,402,000.

Third Quarter Outlook

Zebra announced its financial forecast for the third quarter of 2008. Net sales are expected within a range of $242,000,000 to $253,000,000, which reflects an expected seasonal slowdown in Europe, a more cautious economic outlook and unfavorable adjustments from revenue hedging activities of approximately $5,000,000. Earnings are expected between $0.35 and $0.41 per diluted share. This outlook includes approximately $3,500,000 expenses related to exit costs.

Conference Call Notification

Investors are invited to listen to a live Internet broadcast of Zebra's conference call discussing the company's financial results for the second quarter of 2008. The conference call will be held at 11:00 a.m. Eastern Time today. To listen to the call, visit the company's Web site at http://www.zebra.com/.

Forward-looking Statement

This press release contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements regarding the company's financial forecast for the third quarter of 2008 stated in the paragraph above. Actual results may differ from those expressed or implied in the company's forward-looking statements. These statements represent estimates only as of the date they were made. Zebra may elect to update forward-looking statements but expressly disclaims any obligation to do so, even if the company's estimates change.

These forward-looking statements are based on current expectations, forecasts and assumptions and are subject to the risks and uncertainties inherent in Zebra's industry, market conditions, general domestic and international economic conditions, and other factors. These factors include market conditions in North America and other geographic regions and market acceptance of Zebra's printer and software products and competitors' product offerings and the potential effects of technological changes. Other factors include U.S. and foreign regulations that pertain to electrical and electronic equipment, including European Union and other country directives relating to the collection, recycling, treatment and disposal of products and the reduction or elimination of certain specified materials in such products. Zebra's failure to comply with these regulations may subject Zebra to penalties, prevent Zebra from selling its products in a certain country, or increase the cost of supplying the products. Profits and profitability will be affected by the company's ability to control manufacturing and operating costs. Because of a large investment portfolio, interest rates and financial market conditions will also have an impact on results. Foreign exchange rates will have an effect on financial results because of the large percentage of our international sales. The outcome of litigation in which Zebra is involved, and particularly litigation or claims related to alleged infringement of third-party intellectual property rights, is another factor. In addition, the acquisitions of WhereNet, proveo and Navis, which were completed in 2007, and Multispectral Solutions, which was completed in April 2008, have risks relating to integrating these companies' businesses and operations with Zebra's. These and other factors could have an adverse effect on Zebra's sales, gross profit margins and results of operations and increase the volatility of our financial results. When used in this release and documents referenced, the words "anticipate," "believe," "estimate," and "expect" and similar expressions, as they relate to the company or its management, are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. Descriptions of the risks, uncertainties and other factors that could affect the company's future operations and results can be found in Zebra's filings with the Securities and Exchange Commission. In particular, readers are referred to Zebra's Form 10-K for the year ended December 31, 2007.

Zebra Technologies Corporation helps companies identify, track and manage assets, transactions and people with on-demand specialty digital printing and automatic identification solutions. In more than 100 countries around the world, more than 90 percent of Fortune 500 companies use innovative and reliable Zebra printers, supplies, RFID products and software to increase productivity, improve quality, lower costs, and deliver better customer service. Information about Zebra and Zebra-brand products can be found at http://www.zebra.com/.

CONTACT: Investors: Douglas A. Fox, CFA Vice President, Investor Relations +1 847 793 6735 dfox@zebra.com Media: Michelle Meek Outlook Marketing Services +1 312 873 3424 michelle@outlookmarketingsrv.com ZEBRA TECHNOLOGIES CORPORATION CONSOLIDATED BALANCE SHEETS (Amounts in thousands) June 28, December 31, 2008 2007 ASSETS (Unaudited) Current assets: Cash and cash equivalents $41,916 $38,211 Restricted cash 1,870 2,497 Investments and marketable securities 81,936 98,438 Accounts receivable, net 179,081 150,775 Inventories, net 101,339 85,038 Deferred income taxes 14,625 14,772 Prepaid expenses 8,915 31,101 Total current assets 429,682 420,832 Property and equipment at cost, less accumulated depreciation and amortization 78,948 67,686 Long-term deferred income taxes 28,592 28,407 Goodwill 261,517 246,510 Other intangibles, net 119,058 119,424 Long-term investments and marketable securities 144,426 142,033 Other assets 8,240 9,386 Total assets $1,070,463 $1,034,278 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $56,882 $42,351 Accrued liabilities 66,663 69,437 Deferred revenue 14,750 9,633 Income taxes payable 2,587 751 Total current liabilities 140,882 122,172 Deferred rent 2,212 961 Other long-term liabilities 9,878 8,452 Total liabilities 152,972 131,585 Stockholders' equity: Preferred Stock - - Class A Common Stock 722 722 Additional paid-in capital 144,725 141,522 Treasury stock (247,409) (205,058) Retained earnings 1,013,682 960,512 Accumulated other comprehensive income 5,771 4,995 Total stockholders' equity 917,491 902,693 Total liabilities and stockholders' equity $1,070,463 $1,034,278 ZEBRA TECHNOLOGIES CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (Amounts in thousands, except per share data) (Unaudited) Three Months Ended Six Months Ended June 28, June 30, June 28, June 30, 2008 2007 2008 2007 Net sales $253,782 $208,912 $500,059 $417,488 Cost of sales 126,067 109,510 249,429 218,296 Gross profit 127,715 99,402 250,630 199,192 Operating expenses: Selling and marketing 34,322 29,069 65,183 57,233 Research and development 22,849 13,869 42,756 28,054 General and administrative 24,216 19,875 49,261 37,808 Amortization of intangible assets 4,679 2,620 9,193 4,943 Exit costs 4,680 - 7,914 - Acquired in-process research and development - - - 1,853 Total operating expenses 90,746 65,433 174,307 129,891 Operating income 36,969 33,969 76,323 69,301 Other income (expense): Investment income 2,722 5,724 5,127 11,028 Foreign exchange gains (69) (182) 631 (7) Other, net (651) (376) (905) (300) Total other income 2,002 5,166 4,853 10,721 Income before income taxes 38,971 39,135 81,176 80,022 Income taxes 13,445 13,502 28,006 27,673 Net income $25,526 $25,633 $53,170 $52,349 Basic earnings per share $0.39 $0.37 $0.81 $0.76 Diluted earnings per share $0.39 $0.37 $0.81 $0.75 Basic weighted average shares outstanding 65,128 69,098 65,664 68,996 Diluted weighted average and equivalent shares outstanding 65,502 69,559 66,046 69,453 ZEBRA TECHNOLOGIES CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in thousands) (Unaudited) Six Months Ended June 28, 2008 June 30, 2007 Cash flows from operating activities: Net income $53,170 $52,349 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 18,607 12,243 Stock-based compensation 6,536 6,557 Excess tax benefit from share-based compensation (131) (690) Acquired in-process research and development - 1,853 Deferred income taxes (3,185) (1,893) Changes in assets and liabilities, net of effects of acquisitions: Accounts receivable, net (29,780) 6,676 Inventories (14,754) 3,515 Other assets 1,485 (547) Accounts payable 13,129 (7,022) Accrued liabilities (3,876) (381) Deferred revenue 6,793 168 Income taxes payable 1,796 (1,114) Other operating activities 762 1,002 Net cash provided by operating activities 50,552 72,716 Cash flows from investing activities: Purchases of property and equipment (20,249) (10,903) Acquisition of businesses acquired, net of cash acquired (17,987) (127,426) Acquisition of intangible assets (470) - Purchases of investments and marketable securities (305,088) (360,792) Maturities of investments and marketable securities 227,129 332,542 Sales of investments and marketable securities 113,838 114,145 Net cash used in investing activities (2,827) (52,434) Cash flows from financing activities: Purchase of treasury stock (48,402) (6,048) Proceeds from exercise of stock options and stock purchase plan purchases 3,383 6,382 Excess tax benefit from share-based compensation 131 690 Net cash provided by (used in) financing activities (44,888) 1,024 Effect of exchange rate changes on cash 868 835 Net increase in cash and cash equivalents 3,705 22,141 Cash and cash equivalents at beginning of period 38,211 39,648 Cash and cash equivalents at end of period $41,916 $61,789 Supplemental disclosures of cash flow information: Income taxes paid 27,096 30,101 Supplemental disclosures of non-cash transactions: Purchase of treasury shares not paid in the second quarter of 2008 $570 - ZEBRA TECHNOLOGIES CORPORATION SUPPLEMENTAL SALES INFORMATION (Amounts in thousands) (Unaudited) Sales by Product Category Three Months Ended June 28, June 30, Percent Percent of 2008 2007 Change Total Sales Hardware $185,640 $158,297 17.3 73.1 Supplies 43,803 40,285 8.7 17.3 Service and software 27,516 9,559 187.9 10.8 Shipping and handling 1,832 1,726 6.1 0.8 Cash flow from hedging activities (5,009) (955) NM (2.0) Total sales $253,782 $208,912 21.5 100.0 Sales by Geographic Region Three Months Ended June 28, June 30, Percent Percent of 2008 2007 Change Total Sales Europe, Middle East and Africa $93,787 $76,146 23.2 37.0 Latin America 21,367 15,412 38.6 8.4 Asia-Pacific 26,356 18,986 38.8 10.4 Total international 141,510 110,544 28.0 55.8 North America 112,272 98,368 14.1 44.2 Total sales $253,782 $208,912 21.5 100.0 Sales by Product Category Six Months Ended June 28, June 30, Percent Percent of 2008 2007 Change Total Sales Hardware $365,821 $317,885 15.1 73.3 Supplies 85,706 78,367 9.4 17.1 Service and software 52,695 18,952 178.0 10.5 Shipping and handling 3,634 3,374 7.7 0.7 Cash flow from hedging activities (7,797) (1,090) NM (1.6) Total sales $500,059 $417,488 19.8 100.0 Sales by Geographic Region Six Months Ended June 28, June 30, Percent Percent of 2008 2007 Change Total Sales Europe, Middle East and Africa $191,157 $152,130 25.7 38.2 Latin America 37,350 27,935 33.7 7.5 Asia-Pacific 50,134 34,549 45.1 10.0 Total international 278,641 214,614 29.8 55.7 North America 221,418 202,874 9.1 44.3 Total sales $500,059 $417,488 19.8 100.0 ZEBRA TECHNOLOGIES CORPORATION SUPPLEMENTAL SEGMENT INFORMATION (Amounts in thousands) (Unaudited) Three Months Ended Six Months Ended June 28, June 30, June 28, June 30, 2008 2007 2008 2007 Sales Specialty Printing $228,762 $202,794 $453,513 $404,689 Enterprise Solutions 25,020 6,118 46,546 12,799 Total $253,782 $208,912 $500,059 $417,488 Cost of sales Specialty Printing 113,338 105,688 226,151 209,954 Enterprise Solutions 12,729 3,822 23,278 8,342 Total 126,067 109,510 249,429 218,296 Gross profit 127,715 99,402 250,630 199,192 Operating expenses Specialty Printing 55,829 46,028 106,161 91,866 Enterprise Solutions 19,957 5,266 37,997 11,007 Administrative and other 14,960 14,139 30,149 27,018 Total 90,746 65,433 174,307 129,891 Operating income $36,969 $33,969 $76,323 $69,301 ZEBRA TECHNOLOGIES CORPORATION PRINTER UNITS and AVERAGE UNIT PRICES (Unaudited) Three Months Ended Six Months Ended June 28, June 30, June 28, June 30, 2008 2007 2008 2007 Total Printers Shipped 238,458 226,542 480,859 456,329 Average Unit Prices $630 $573 $622 $570

Zebra Technologies Corporation

CONTACT: Investors, Douglas A. Fox, CFA, Vice President, Investor
Relations of Zebra Technologies Corporation, +1-847-793-6735, dfox@zebra.com;
or Michelle Meek of Outlook Marketing Services, +1-312-873-3424,
michelle@outlookmarketingsrv.com, for Zebra Technologies Corporation

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

Misys - Preliminary Results - Interview With CEO

LONDON, July 24 /PRNewswire/ -- As the turnaround at Misys, the software and services provider company, moves into Phase 2, CEO Mike Lawrie raises targets for revenue growth and margin improvement on the back of strong results.

In a video interview Mr Lawrie said all the group's businesses performed well with revenues on a like-for-like basis up 6% and operating profits up 37%.

Updating the group's turnaround Mr Lawrie said they were ahead of plan and the first phase was complete.

The interview, podcast and vodcast are available now on http://www.cantos.com. It's free to view. All you need to do is register at http://www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333. Cantos CEO interviews are also available on our CEO Insight page on iTunes.

Misys plc

If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333

Misys Announces Preliminary Results for the Year Ended 31 May 2008

LONDON, July 24 /PRNewswire/ -- Key Highlights

Misys plc (FTSE: MSY.L) delivers results ahead of expectations and is now raising targets for the next phase of the turnaround. Misys generated Group revenues(1) of GBP492m up 6%, bringing Group operating profit(2) to GBP81m, 37% ahead of last year. Misys is executing on its strategy and entering into the next phase of the turnaround plan, building a platform for growth.

To view the Multimedia News Release, please click: http://www.prnewswire.com/mnr/misys/34124/

Financial Performance

- Statutory revenue: GBP492m an increase of 5% (2007: GBP469m) - Like for like revenue(1): GBP492m an increase of 6% (2007: GBP464m) - Statutory operating profit: GBP52m an increase of 179% (2007: GBP19m) - Like for like operating profit(2): GBP81m an increase of 37% (2007: GBP59m) - Earnings per share: basic 23.5p (2007: 3.1p); adjusted basic earnings per share from continuing operations(3) 12.6p (2007: 7.5p) - Full year dividends: 7.91p (2007: 7.53p)

Mike Lawrie, Chief Executive, Commented:

Webcast and dial in facility

A live webcast of the presentation to analysts will be available on the Company's website at http://www.misys.com from 09.00 today and will be available on demand from approximately 14.00.

A listen-only dial in facility will also be available. To access this call please dial +44(0)20-8609-0582.

A results interview with Mike Lawrie, Chief Executive will be available from 07.00 on http://www.misys.com and on http://www.cantos.com.

About Misys plc

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

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

Misys: Experience, Solutions, Results

Notes

(1) On a like for like basis, which is at constant exchange rates for continuing operations, excludes disposals and the incremental benefit of acquisitions.

(4) Excludes exceptional items, gains and losses on embedded derivatives, amortisation of acquired intangibles and the impact of translation exchange differences recycled from reserves.

Full details of Misys Preliminary Results for the fiscal year ended 31 May 2008 can be found at http://www.misys.com

Misys plc

Analyst / Investor Inquiries: John Kiernan, T: +44(0)207-368-2336, M: +1-646-233-9954, Email: john.kiernan@misys.com; Media Inquiries: Carl Gibson, T: +44(0)207-368-2344, M: +44(0)782-523-6473, Email: carl.gibson@misys.com

Nokia and Qualcomm Enter Into a New Agreement.Companies agree to settle all litigation

ESPOO, Finland and SAN DIEGO, July 23 /PRNewswire-FirstCall/ -- Nokia and Qualcomm today announced that they have entered into a new agreement covering various standards including GSM, EDGE, CDMA, WCDMA, HSDPA, OFDM, WiMax, LTE and other technologies. The agreement will result in settlement of all litigation between the companies, including the withdrawal by Nokia of its complaint to the European Commission.

Under the terms of the new 15 year agreement, Nokia has been granted a license under all Qualcomm's patents for use in Nokia's mobile devices and Nokia Siemens Networks infrastructure equipment. Further, Nokia has agreed not to use any of its patents directly against Qualcomm, enabling Qualcomm to integrate Nokia's technology into Qualcomm's chipsets. The financial structure of the settlement includes an up-front payment and on-going royalties payable to Qualcomm. Nokia has agreed to assign ownership of a number of patents to Qualcomm, including patents declared as essential to WCDMA, GSM and OFDMA. The specific terms are confidential.

"We believe that this agreement is positive for the industry, enabling the market to benefit from innovation and new technologies," said Olli-Pekka Kallasvuo, CEO of Nokia Corporation. "The positive financial impact of this agreement is within Nokia's original expectations and fully reflects our leading intellectual property and market positions."

"I'm very pleased that we have come to this important agreement." said Paul Jacobs, CEO of Qualcomm. "The terms of the new license agreement, including the financial and other value provided to Qualcomm, reflect our strong intellectual property position across many current and future generation technologies. This agreement paves the way for enhanced opportunities between the companies in a number of areas."

About Nokia

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

About Qualcomm

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.

Nokia Forward Looking Statements

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

Qualcomm Forward Looking Statements

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including Qualcomm's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 30, 2007, and most recent Form 10-Q.

Nokia Corporation

CONTACT: Media and Investors, Nokia Communications, Anne Eckert,
+ 85 269 716918, or Nokia, North America Communications, Laurie Armstrong,
+1-914-368-0423, or Nokia Communications, +358 7180 34900,
press.services@nokia.com, or Investor Relations Europe, +358 7180 34289, or
Investor Relations US, +1-914-368-0555; or Qualcomm, Christine Trimble,
Corporate Communications, +1-858-845-5959, corpcomm@qualcomm.com, or John
Gilbert, Investor Relations, +1-858-658-4813, ir@qualcomm.com

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

Qualcomm Announces Third Quarter Fiscal 2008 Results

SAN DIEGO, July 24 /PRNewswire/ --

- Revenues US$2.8 Billion, EPS US$0.45

- Pro Forma EPS US$0.55

Qualcomm Incorporated (Nasdaq: QCOM) today announced results for the third fiscal quarter of 2008 ended June 29, 2008.

Qualcomm's third quarter fiscal 2008 earnings conference call has been rescheduled to Thursday, July 24, 2008, beginning at 8:00 a.m. Eastern Daylight Time (5:00 a.m. Pacific Daylight Time). Conference call details are included herein.

Total Qualcomm (GAAP) Third Quarter Results

Total Qualcomm results are reported in accordance with generally accepted accounting principles (GAAP).

-- Revenues: US$2.8 billion, up 19 percent year-over-year and 6 percent sequentially. -- Net income: US$748 million, down 6 percent year-over-year and 2 percent sequentially. -- Diluted earnings per share: US$0.45, down 4 percent year-over-year and sequentially. -- Effective tax rate: 15 percent for the quarter. Fiscal 2008 estimated tax rate of approximately 16 percent. -- Estimated share-based compensation: US$94 million, net of tax, up 24 percent year-over-year and 7 percent sequentially. -- Operating cash flow: US$739 million, down 25 percent year-over-year; 27 percent of revenues. -- Return of capital to stockholders: US$261 million, or US$0.16 per share, of cash dividends paid.

Qualcomm Pro Forma Third Quarter Results

Pro forma results 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.

-- Revenues: US$2.8 billion, up 19 percent year-over-year and 6 percent sequentially. -- Net income: US$915 million, down 2 percent year-over-year and up 2 percent sequentially. -- Diluted earnings per share: US$0.55, even year-over-year and up 2 percent sequentially; excludes US$0.04 loss per share attributable to the QSI segment, US$0.06 loss per share attributable to certain estimated share-based compensation and US$0.01 loss per share attributable to acquired in-process R&D. (The sum of pro forma earnings per share and items excluded do not equal total Qualcomm (GAAP) earnings per share due to rounding.) -- Effective tax rate: 18 percent for the quarter. Fiscal 2008 estimated tax rate of approximately 19 percent. -- Free cash flow: US$844 million, down 14 percent year-over-year; 31 percent of revenues (defined as net cash from operating activities less capital expenditures).

Detailed reconciliations between total Qualcomm (GAAP) results and cash flow and Qualcomm pro forma results and cash flow are included at the end of this news release. Prior period reconciliations are presented on Qualcomm's Investor Relations web page at www.qualcomm.com.

"We are pleased to report another strong quarter as the migration to 3G-enabled products continues to accelerate," said Dr. Paul E. Jacobs, chief executive officer of Qualcomm. "We delivered record revenues, up 19 percent year-over-year, and our pro forma earnings per share were at the high end of our prior estimate.

"I am also pleased to announce that we have reached a settlement agreement with Nokia that resolves all litigation between the companies and will allow both of us to focus our efforts on driving the global 3G and 4G markets forward. In addition to providing an up-front royalty payment and other benefits, Qualcomm will also receive ongoing royalties for all CDMA standards, as well as single-mode OFDMA. I look forward to providing our updated guidance tomorrow morning."

Cash and Marketable Securities

Qualcomm's cash, cash equivalents and marketable securities totaled approximately US$11.2 billion at the end of the third quarter of fiscal 2008, compared to US$10.6 billion at the end of the second quarter of fiscal 2008 and US$12.3 billion a year ago. On July 16, 2008, we announced a cash dividend of US$0.16 per share payable on September 26, 2008 to stockholders of record at the close of business on August 29, 2008.

Estimated Share-Based Compensation

Total Qualcomm (GAAP) net income for the third quarter of fiscal 2008 included estimated share-based compensation, net of tax, of US$94 million, or US$0.06 per diluted share. This compares to US$76 million, or US$0.04 per diluted share, in the prior year quarter.

Research and Development (All Amounts in US Dollars unless otherwise specified) Estimated Total Qualcomm Pro Share-Based In-Process Qualcomm ($ in millions) Forma Compensation R&D QSI (GAAP) Third quarter fiscal 2008 $495 $64 $13 $24 $596 As a % of revenue 18% N/M 22% Third quarter fiscal 2007 $385 $50 $- $19 $454 As a % of revenue 17% 20% Year-over-year change ($) 29% 28% 26% 31% N/M - Not Meaningful

Pro forma R&D expenses increased 29 percent year-over-year, primarily due to an increase in costs related to the development of integrated circuit products, next-generation CDMA and OFDMA technologies, the expansion of our intellectual property portfolio and other initiatives to support the acceleration of advanced wireless products and services, including lower-cost devices, the integration of wireless technologies with consumer electronics and computing, the convergence of multiband, multimode, multinetwork products and technologies, third-party operating systems and services platforms. QSI R&D expenses were related to MediaFLO USA.

Selling, General and Administrative Estimated Total Qualcomm Pro Share-Based Qualcomm ($ in millions) Forma Compensation QSI (GAAP) Third quarter fiscal 2008 $357 $65 $31 $453 As a % of revenue 13% N/M 16% Third quarter fiscal 2007 $307 $54 $40 $401 As a % of revenue 13% 17% Year-over-year change($) 16% 20% (23%) 13%

Pro forma selling, general and administrative (SG&A) expenses increased 16 percent year-over-year, primarily attributable to an increase in certain professional fees, primarily related to patent activities, and employee-related expenses. QSI SG&A expenses were primarily related to MediaFLO USA.

Effective Income Tax Rate

Without the potential effect of our settlement agreement with Nokia, our fiscal 2008 effective income tax rates are estimated to be 16 percent for total Qualcomm (GAAP) and 19 percent for Qualcomm pro forma. The third quarter total Qualcomm (GAAP) and Qualcomm pro forma effective tax rates of 15 percent and 18 percent, respectively, are lower than the estimated annual effective tax rates, primarily due to the change in our estimate of foreign earnings taxed at less than the United States federal tax rate.

Qualcomm Strategic Initiatives

The QSI segment includes our strategic investments, including our MediaFLO USA subsidiary, and related income and expenses. Total Qualcomm (GAAP) results for the third quarter of fiscal 2008 included a US$0.04 loss per share for the QSI segment. The third quarter of fiscal 2008 QSI results included $88 million in operating expenses, primarily related to MediaFLO USA.

Results of Business Segments (in millions, except per share data): Third Quarter - Fiscal Year 2008 Qualcomm Reconciling Pro Segments QCT QTL QWI Items (1) Forma Revenues $1,762 $803 $190 $3 $2,758 Change from prior year 29% 5% (3%) N/M 19% Change from prior quarter 9% 1% (2%) N/M 6% EBT $487 $670 $(1) $(40) $1,116 Change from prior year 11% 0% N/M N/M (5%) Change from prior quarter 14% (2%) N/M N/M 2% EBT as a % of revenues 28% 83% (1%) N/M 40% Net income (loss) $915 Change from prior year (2%) Change from prior quarter 2% Diluted EPS $0.55 Change from prior year 0% Change from prior quarter 2% Diluted shares used 1,654 Estimated Total Share-Based In-Process Qualcomm Segments Compensation(2) R&D QSI(3) (GAAP) Revenues $- $- $4 $2,762 Change from prior year N/M 19% Change from prior quarter 100% 6% EBT $(139) $(13) $(82) $882 Change from prior year (22%) N/A 10% (9%) Change from prior quarter (7%) N/A (30%) (3%) EBT as a % of revenues N/A N/A N/M 32% Net income (loss) $(94) $(13) $(60) $748 Change from prior year (25%) N/A 2% (6%) Change from prior quarter (7%) N/A (50%) (2%) Diluted EPS $(0.06) $(0.01) $(0.04) $0.45 Change from prior year (50%) N/A 0% (4%) Change from prior quarter (20%) N/A (100%) (4%) Diluted shares used 1,654 1,654 1,654 1,654

Second Quarter - Fiscal Year 2008 Qualcomm Reconciling Pro Segments QCT QTL QWI Items (1) Forma Revenues $1,620 $795 $194 $(5) $2,604 EBT 427 684 - (12) 1,099 Net income (loss) 894 Diluted EPS $0.54 Diluted shares used 1,643 Estimated Total Share-Based Qualcomm Segments Compensation(2) QSI(3) (GAAP) Revenues $- $2 $2,606 EBT (130) (63) 906 Net income (loss) (88) (40) 766 Diluted EPS $(0.05) $(0.02) $0.47 Diluted shares used 1,643 1,643 1,643 Third Quarter - Fiscal Year 2007 Qualcomm Reconciling Pro Segments QCT QTL QWI Items (1) Forma Revenues $1,367 $766 $196 $(4) $2,325 EBT 439 668 18 52 1,177 Net income (loss) 934 Diluted EPS $0.55 Diluted shares used 1,704 Estimated Total Share-Based Qualcomm Segments Compensation(2) QSI(3) (GAAP) Revenues $- $- $2,325 EBT (114) (91) 972 Net income (loss) (75) (61) 798 Diluted EPS $(0.04) $(0.04) $0.47 Diluted shares used 1,704 1,704 1,704 Fourth Quarter - Fiscal Year 2007 Qualcomm Reconciling Pro Segments QCT QTL QWI Items (1) Forma Revenues $1,419 $647 $245 $(6) $2,305 EBT 424 537 31 137 1,129 Net income (loss) 911 Diluted EPS $0.54 Diluted shares used 1,689 Estimated Total Share-Based Tax Items Qualcomm Segments Compensation(2) (4) QSI(3) (GAAP) Revenues $- $- $1 $2,306 EBT (117) - (64) 948 Net income (loss) (77) 331 (34) 1,131 Diluted EPS $(0.05) $0.20 $(0.02) $0.67 Diluted shares used 1,689 1,689 1,689 1,689

Twelve Months - Fiscal Year 2007 Qualcomm Reconciling Pro Segments QCT QTL QWI Items (1) Forma Revenues $5,275 $2,772 $828 $(5) $8,870 EBT 1,547 2,340 88 388 4,363 Net income (loss) 3,406 Diluted EPS $2.01 Diluted shares used 1,693 Estimated Total Share-Based Tax Items In-Process Qualcomm Segments Compensation(2) (4) R&D QSI (GAAP) Revenues $- $- $- $1 $8,871 EBT (487) - (10) (240) 3,626 Net income (loss) (321) 364 (9) (137) 3,303 Diluted EPS $(0.19) $0.22 $(0.01) $(0.08) $1.95 Diluted shares used 1,693 1,693 1,693 1,693 1,693 Nine Months - Fiscal Year 2008 Qualcomm Reconciling Pro Segments QCT QTL QWI Items (1) Forma Revenues $4,956 $2,248 $595 $2 $7,801 Change from prior year 29% 6% 2% N/M 19% EBT $1,383 $1,895 $23 $25 $3,326 Change from prior year 23% 5% (60%) N/M 3% Net income (loss) $2,682 Change from prior year 8% Diluted EPS $1.62 Change from prior year 10% Diluted shares used 1,654 Estimated Total Share-Based In-Process Qualcomm Segments Compensation(2) R&D QSI(3) (GAAP) Revenues $- $- $7 $7,808 Change from prior year N/M 19% EBT $(394) $(14) $(200) $2,718 Change from prior year (6%) (40%) (14%) 1% Net income (loss) $(267) $(13) $(120) $2,282 Change from prior year (9%) (44%) (17%) 5% Diluted EPS $(0.16) $(0.01) $(0.07) $1.38 Change from prior year (14%) 0% (17%) 8% Diluted shares used 1,654 1,654 1,654 1,654

Nine Months - Fiscal Year 2007 Qualcomm Reconciling Pro Segments QCT QTL QWI Items (1) Forma Revenues $3,856 $2,125 $583 $1 $6,565 EBT 1,123 1,803 58 250 3,234 Net income (loss) 2,494 Diluted EPS $1.47 Diluted shares used 1,694 Estimated Total Share-Based In-Process Qualcomm Segments Compensation(2) Tax Items R&D QSI(3) (GAAP) Revenues $- $- $- $- $6,565 EBT (370) - (10) (176) 2,678 Net income (loss) (244) 33 (9) (103) 2,171 Diluted EPS $(0.14) $0.02 $(0.01) $(0.06) $1.28 Diluted shares used 1,694 1,694 1,694 1,694 1,694 (1) Reconciling items related to revenues consist primarily of other nonreportable segment revenues less intersegment eliminations. Reconciling items related to earnings before taxes consist primarily of certain investment income, research and development expenses and marketing expenses that are not allocated to the segments for management reporting purposes, nonreportable segment results and the elimination of intersegment profit. (2) 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. (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). (4) 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. N/M - Not Meaningful N/A - Not Applicable Sums may not equal totals due to rounding.

Conference Call

Qualcomm's third quarter fiscal 2008 earnings conference call will be broadcast live on July 24, 2008 beginning at 5:00 a.m. Pacific Daylight Time (PDT) on the Company's web site at: www.qualcomm.com. This conference call may contain forward-looking financial information. The conference call will include a discussion of "non-GAAP financial measures" as that term is defined in Regulation G. The most directly comparable GAAP financial measures and information reconciling these non-GAAP financial measures to the Company's financial results prepared in accordance with GAAP, as well as the other material financial and statistical information to be discussed in the conference call, will be posted on the Company's Investor Relations web site at www.qualcomm.com immediately prior to commencement of the call. A taped audio replay will be available via telephone on July 24, 2008, beginning at approximately 6:00 a.m. PDT through August 23, 2008 at 9:00 p.m. PDT. To listen to the replay, U.S. callers may dial +1-800-642-1687 and international callers may dial +1-706-645-9291. U.S. and international callers should use reservation number 57610454. An audio replay of the conference call will be available on the Company's web site at www.qualcomm.com for two weeks following the live call.

Editor's Note: To view the web slides that accompany this earnings release and conference call, please go to the Qualcomm Investor Relations website at http://investor.qualcomm.com/results.cfm.

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 Company presents free cash flow, defined as net cash provided by operating activities less capital expenditures, to facilitate an understanding of the amount of cash flow generated that is available to grow its business and to create long-term shareholder value. The Company believes that this presentation is useful in evaluating its operating performance and financial strength. In addition, management uses this measure to evaluate the Company's performance, to value the Company and to compare its operating performance with other companies in the industry.

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 and between total Qualcomm (GAAP) cash flow and Qualcomm pro forma cash flow 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 we have 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 our SEC reports.

(C) 2008 Qualcomm Incorporated. All rights reserved. Qualcomm is a registered trademark of Qualcomm Incorporated. MediaFLO and FLO 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.

Qualcomm Incorporated CONSOLIDATED STATEMENTS OF OPERATIONS This schedule is to assist the reader in reconciling from Qualcomm Pro Forma results to Total Qualcomm (GAAP) results (In millions, except per share data) (Unaudited) Three Months Ended June 29, 2008 Estimated Total Qualcomm Pro Share-Based In-Process Qualcomm Forma Compensation R&D QSI (GAAP) Revenues: Equipment and services $1,863 $- $- $4 $1,867 Licensing and royalty fees 895 - - - 895 Total revenues 2,758 - - 4 2,762 Operating expenses: Cost of equipment and services revenues 846 10 - 33 889 Research and development 495 64 13 24 596 Selling, general and administrative 357 65 - 31 453 Total operating expenses 1,698 139 13 88 1,938 Operating income (loss) 1,060 (139) (13) (84) 824 Investment income, net 56(a) - - 2(b) 58 Income (loss) before income taxes 1,116 (139) (13) (82) 882 Income tax (expense) benefit (201)(c) 45 - 22(d) (134)(c) Net income (loss) $915 $(94) $(13) $(60) $748 Earnings (loss) per common share: Diluted $0.55 $(0.06) $(0.01) $(0.04) $0.45 Shares used in per share calculations: Diluted 1,654 1,654 1,654 1,654 1,654 Supplemental Financial Data: Operating Cash Flow $1,020 $(209)(f) $(13) $(59) $739 Operating Cash Flow as a % of Revenues 37% N/M 27% Free Cash Flow(e) $844 $(209)(f) $(13) $(438) $184 Free Cash Flow as a % of Revenues 31% N/M 7% (a) Included US$105 million in interest and dividend income related to cash, cash equivalents and marketable securities, which were not part of the Company's strategic investment portfolio, and US$24 million in net realized gains on investments, partially offset by US$71 million in other-than-temporary losses on investments and US$2 million in interest expense. (b) Included US$15 million in net realized gains on investments and US$3 million interest and dividend income, partially offset by US$12 million in other-than-temporary losses on investments, US$2 million in equity in losses of investees and US$2 million in interest expense. (c) The third quarter of fiscal 2008 effective tax rates were approximately 15% for total Qualcomm (GAAP) and approximately 18% for Qualcomm pro forma. (d) 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). (e) Free Cash Flow is calculated as net cash provided by operating activities less capital expenditures. Reconciliation of these amounts is included in the Reconciliation of Pro Forma Free Cash Flows to Total Qualcomm (GAAP) net cash provided by operating activities and other supplemental disclosures for the three months ended June 29, 2008, included herein. (f) Incremental tax benefits from stock options exercised during the period.

Qualcomm Incorporated CONSOLIDATED STATEMENTS OF OPERATIONS This schedule is to assist the reader in reconciling from Qualcomm Pro Forma results to Total Qualcomm (GAAP) results (In millions, except per share data) (Unaudited) Nine Months Ended June 29, 2008 Estimated Total Qualcomm Pro Share-Based In-Process Qualcomm Forma Compensation(a) R&D QSI (GAAP) Revenues: Equipment and services $5,288 $- $- $7 $5,295 Licensing and royalty fees 2,513 - - - 2,513 Total revenues 7,801 - - 7 7,808 Operating expenses: Cost of equipment and services revenues 2,379 29 - 85 2,493 Research and development 1,397 182 14 67 1,660 Selling, general and administrative 1,000 183 - 78 1,261 Total operating expenses 4,776 394 14 230 5,414 Operating income (loss) 3,025 (394) (14) (223) 2,394 Investment income, net 301(b) - - 23(c) 324 Income (loss) before income taxes 3,326 (394) (14) (200) 2,718 Income tax (expense) benefit (644)(d) 127 1 80(e) (436)(d) Net income (loss)$2,682 $(267) $(13) $(120) $2,282 Earnings (loss) per common share: Diluted $1.62 $(0.16) $(0.01) $(0.07) $1.38 Shares used in per share calculations: Diluted 1,654 1,654 1,654 1,654 1,654 Supplemental Financial Data: Operating Cash Flow $3,090 $(310)(g) $(14) $(199) $2,567 Operating Cash Flow as a % of Revenue 40% N/M 33% Free Cash Flow(f) $2,722 $(310)(g) $(14) $(814) $1,584 Free Cash Flow as a % of Revenue 35% N/M 20% (a) Estimated share-based compensation presented above and excluded from pro forma results did not include US$1 million, net of tax, related to share-based awards granted under a bonus program. (b) Included US$374 million in interest and dividend income related to cash, cash equivalents and marketable securities, which were not part of the Company's strategic investment portfolio, US$108 million in net realized gains on investments and US$6 million in gains on derivative instruments from put options related to our share repurchase program, partially offset by US$175 million in other- than-temporary losses on investments and US$12 million in interest expense. (c) Included US$50 million in net realized gains on investments, US$4 million in interest and dividend income and US$1 million in equity in earnings of investees, partially offset by US$27 million in other-than-temporary losses on investments and US$5 million in interest expense. (d) The effective tax rates for the nine months ended June 29, 2008 were approximately 16% for total Qualcomm (GAAP) and approximately 19% for Qualcomm pro forma. (e) 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). (f) Free Cash Flow is calculated as net cash provided by operating activities less capital expenditures. Reconciliation of these amounts is included in the Reconciliation of Pro Forma Free Cash Flows to Total Qualcomm (GAAP) net cash provided by operating activities and other supplemental disclosures for the nine months ended June 29, 2008, included herein. (g) Incremental tax benefits from stock options exercised during the period.

Qualcomm Incorporated Reconciliation of Pro Forma Free Cash Flows to Total Qualcomm (GAAP) net cash provided by operating activities and other supplemental disclosures (In millions) (Unaudited) Three Months Ended June 29, 2008 Estimated Total Qualcomm Pro Share-Based In-Process Qualcomm Forma Compensation R&D QSI (GAAP) Net cash provided (used) by operating activities $1,020 $(209)(a) $(13) $(59) $739 Less:capital expenditures (176) - - (379) (555) Free cash flow $844 $(209) $(13) $(438) $184 Other supplemental cash disclosures: Cash transfers from QSI (1) $30 $- $- $(30) $- Cash transfers to QSI (2) (446) - - 446 - Net cash transfers $(416) $- $- $416 $- Nine Months Ended June 29, 2008 Estimated Total Qualcomm Pro Share-Based In-Process Qualcomm Forma Compensation R&D QSI (GAAP) Net cash provided (used) by operating activities $3,090 $(310)(a) $(14) $(199) $2,567 Less:capital expenditures(3) (368) - - (615) (983) Free cash flow $2,722 $(310) $(14) $(814) $1,584 Other supplemental cash disclosures: Cash transfers from QSI (1) $59 $- $- $(59) $- Cash transfers to QSI (2) (842) - - 842 - Net cash transfers $(783) $- $- $783 $- (1) Cash from sale of equity securities. (2) Funding for strategic debt and equity investments, capital expenditures and other QSI operating expenses. (3) Upon receipt of licenses from the FCC for additional 700 MHz spectrum for use in our MediaFLO USA business, the deposit made in the second quarter of fiscal 2008 of US$195 million was reclassified from Qualcomm pro forma capital expenditures to QSI capital expenditures. The total license fee included in QSI capital expenditures for fiscal 2008 was US$555 million. Three Months Ended July 1, 2007 Estimated Total Qualcomm Pro Share-Based Qualcomm Forma Compensation QSI (GAAP) Net cash provided (used) by operating activities $1,122 $(80)(a) $(54) $988 Less: capital expenditures (145) - (12) (157) Free cash flow $977 $(80) $(66) $831 Nine Months Ended July 1, 2007 Estimated Total Qualcomm Pro Share-Based In-Process Qualcomm Forma Compensation R&D QSI (GAAP) Net cash provided (used) by operating activities $3,116 $(199)(a) $(10) $(139) $2,768 Less: capital expenditures (506) - - (65) (571) Free cash flow $2,610 $(199) $(10) $(204) $2,197 (a) Incremental tax benefits from stock options exercised during the period.

Qualcomm Incorporated CONDENSED CONSOLIDATED BALANCE SHEETS (In millions, except per share data) (Unaudited) ASSETS June 29, September 30, 2008 2007 Current assets: Cash and cash equivalents $2,970 $2,411 Marketable securities 3,644 4,170 Accounts receivable, net 917 715 Inventories 618 469 Deferred tax assets 358 435 Collateral held under securities lending 326 421 Other current assets 228 200 Total current assets 9,061 8,821 Marketable securities 4,567 5,234 Property, plant and equipment, net 1,912 1,788 Goodwill 1,520 1,325 Deferred tax assets 870 318 Other assets 1,667 1,009 Total assets $19,597 $18,495 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Trade accounts payable $653 $635 Payroll and other benefits related liabilities 356 311 Unearned revenues 186 218 Income taxes payable 15 119 Obligations under securities lending 326 421 Other current liabilities 575 554 Total current liabilities 2,111 2,258 Unearned revenues 124 142 Income taxes payable 222 - Other liabilities 314 260 Total liabilities 2,771 2,660 Stockholders' equity: Preferred stock, $0.0001 par value; issuable in series; 8 shares authorized; none outstanding at June 29, 2008 and September 30, 2007 - - Common stock, $0.0001 par value; 6,000 shares authorized; 1,640 and 1,646 shares issued and outstanding at June 29, 2008 and September 30, 2007, respectively - - Paid-in capital 6,783 7,057 Retained earnings 10,104 8,541 Accumulated other comprehensive (loss) income (61) 237 Total stockholders' equity 16,826 15,835 Total liabilities and stockholders' equity $19,597 $18,495

Qualcomm Incorporated CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) Three Months Ended Nine Months Ended June 29, July 1, June 29, July 1, 2008 2007 2008 2007 Revenues: Equipment and services $1,867 $1,484 $5,295 $4,196 Licensing and royalty fees 895 841 2,513 2,369 Total revenues 2,762 2,325 7,808 6,565 Operating expenses: Cost of equipment and services revenues 889 688 2,493 1,956 Research and development 596 454 1,660 1,348 Selling, general and administrative 453 401 1,261 1,155 Total operating expenses 1,938 1,543 5,414 4,459 Operating income 824 782 2,394 2,106 Investment income, net 58 190 324 572 Income before income taxes 882 972 2,718 2,678 Income tax expense (134) (174) (436) (507) Net income $748 $798 $2,282 $2,171 Basic earnings per common share $0.46 $0.48 $1.40 $1.31 Diluted earnings per common share $0.45 $0.47 $1.38 $1.28 Shares used in per share calculations: Basic 1,626 1,670 1,626 1,661 Diluted 1,654 1,704 1,654 1,694 Dividends per share paid $0.16 $0.14 $0.44 $0.38 Dividends per share announced $0.16 $0.14 $0.44 $0.38

Qualcomm Incorporated CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Three Months Ended Nine Months Ended June 29, July 1, June 29, July 1, 2008 2007 2008 2007 Operating Activities: Net income $748 $798 $2,282 $2,171 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 117 99 336 283 Non-cash income tax expense 66 136 148 365 Non-cash portion of share-based compensation expense 138 114 393 371 Incremental tax benefits from stock options exercised (209) (80) (310) (199) Net realized gains on marketable securities and other investments (39) (53) (158) (173) Other-than-temporary losses on marketable securities and other investments 83 8 202 11 Other items, net 11 7 1 5 Changes in assets and liabilities, net of effects of acquisitions: Accounts receivable, net (186) (45) (178) (62) Inventories (7) (49) (142) (147) Other assets (7) 10 35 (137) Trade accounts payable (24) (7) (4) 127 Payroll, benefits and other liabilities 78 68 12 69 Unearned revenues (30) (18) (50) 84 Net cash provided by operating activities 739 988 2,567 2,768 Investing Activities: Capital expenditures (555) (157) (983) (571) Purchases of available-for-sale securities (1,984) (2,340) (4,944) (5,921) Proceeds from sale of available- for-sale securities 1,559 1,909 5,548 6,254 Other investments and acquisitions, net of cash acquired (8) (3) (283) (230) Change in collateral held under securities lending 8 (153) 95 (153) Other items, net 4 12 30 13 Net cash used by investing activities (976) (732) (537) (608) Financing Activities: Proceeds from issuance of common stock 464 220 700 474 Incremental tax benefits from stock options exercised 209 80 310 199 Dividends paid (261) (234) (716) (632) Repurchase and retirement of common stock - (129) (1,670) (264) Proceeds from put options - 17 - 17 Change in obligations under securities lending (8) 153 (95) 153 Net cash provided (used) by financing activities 404 107 (1,471) (53) Effect of exchange rate changes on cash - - - 2 Net increase in cash and cash equivalents 167 363 559 2,109 Cash and cash equivalents at beginning of period 2,803 3,353 2,411 1,607 Cash and cash equivalents at end of period $2,970 $3,716 $2,970 $3,716 Qualcomm Contact: John Gilbert Vice President of Investor and Industry Analyst Relations +1-858-658-4813 (ph) +1-858-651-9303 (fax) e-mail: ir@qualcomm.com

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

Qualcomm Incorporated

John Gilbert, Vice President of Investor and Industry Analyst Relations, Qualcomm Incorporated, +1-858-658-4813 (ph), +1-858-651-9303 (fax), ir@qualcomm.com

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