Flextronics Expands ODM Market Presence Through Fujitsu HPC Server Agreement

SINGAPORE, July 29 /PRNewswire-FirstCall/ -- Flextronics International Ltd. today announced that its Computing segment provided original design manufacturing (ODM) services for the Fujitsu HX600 high-performance computing (HPC) server, which is now in service at Kyoto University in an HPC cluster based system. This Fujitsu Limited relationship broadens Flextronics' HPC and server capabilities, and further establishes Flextronics' ODM presence in Japan.

"We believe Flextronics was the ideal choice for an ODM partner based on its flexible, global footprint, broad services capabilities, strong technical competence, and expertise in AMD 4-way Quad core systems and the company's ability to support our business growth strategy," said Mr. Toshiyuki Kimura, general manager of PC Cluster Dev. Div., Next Generation Technical Computing Unit, Fujitsu Limited. "We look forward to continued success with Flextronics and are very pleased with the services they provided on our product now in production. With enhanced scalability, power saving architecture and its performance, Fujitsu expects our system offering of HPC computing to be further enhanced."

"We are proud to partner with Fujitsu Limited on this high performance system. The relationship with Fujitsu Limited has strengthened our presence in Japan for ODM services while continuing to establish even higher levels of design and manufacturing expertise in the 4-way server space," said Sean Burke, president, Flextronics Computing segment. "This was a significant HPC installation for Flextronics Computing and we are excited to be working with the Fujitsu Limited team to reach even higher levels of system performance in the future."

About Flextronics

Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, computing, consumer digital, industrial, infrastructure, medical and mobile OEMs. With the acquisition of Solectron, pro forma fiscal year 2008 revenues from continuing operations are more than US$33.6 billion. Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit http://www.flextronics.com/.

Flextronics International Ltd.

CONTACT: Warren Ligan, Senior Vice President, Investor Relations,
+1-408-576-7722, investor_relations@flextronics.com, or Renee Brotherton, Vice
President, Corporate Communications, +1-408-576-7189,
renee.brotherton@flextronics.com, both of Flextronics International Ltd.

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

EMBARQ Reports Solid Second Quarter Income and Cash FlowFull-Year 2008 Cash Flow Before Dividends Expected to Exceed $1 BillionCompany Repurchases Over 7% of Shares Outstanding Since Beginning of Year

OVERLAND PARK, Kan., July 29 /PRNewswire-FirstCall/ -- EMBARQ today announced results for the second quarter of 2008, highlighted by year-over-year improvement in income and cash flow. The company reported second quarter revenue of $1.55 billion, operating income of $428 million, diluted earnings per share of $1.38 and cash flow before dividends of $274 million.

"Despite pressure on the top line, improved efficiency again enabled us to deliver solid bottom-line results," said Tom Gerke, EMBARQ Chief Executive Officer. "In addition, the economic environment continues to have a net positive impact on cash flow as the slowdown in new home construction reduces our capital expenditures. As a result, we have increased our 2008 cash flow outlook to more than $1 billion. We are also taking steps to maintain a strong cash flow profile over the long term."

Second Quarter Highlights -- Operating income increased 7.0% year-over-year to $428 million in the second quarter. -- Diluted earnings per share increased 20.0% year-over-year to $1.38 in the second quarter, matching the first quarter of 2008 when the company reported the highest EPS level since spin-off. -- Second quarter cash flow before dividends was $274 million, bringing the year-to-date total to $560 million, an increase of 11.1% compared to the first half of 2007. -- As of July 25th, the company had repurchased approximately 11.33 million shares for a total of $479 million, which represents 96% of its current $500 million share repurchase authorization. -- Second quarter high-speed Internet and data revenues grew 13.2% and 5.9%, respectively, on a year-over-year basis. -- Second quarter average revenue per household increased 4.8% over the prior year period. -- Video subscribers increased by 22,000 during the period, the highest level of additions in two years. -- EMBARQ(TM) Business recently announced EMBARQ Smart IP Enterprise(SM), which delivers an EMBARQ-hosted communications system with dedicated Internet access, local and long distance voice service, and IP-enabled calling features. -- EMBARQ(TM) Business also introduced IPsmartSuite, which utilizes an IP phone based touch screen for applications that facilitate process automation in small to mid-sized businesses in several industries, including the healthcare, legal and retail fields. Financial Results

EMBARQ reported consolidated operating revenue of $1.55 billion for the second quarter, a decline of 3.5% from the prior year period. Revenue in the company's Logistics segment declined 10.6% year-over-year to $110 million.

Revenue in the Telecommunications segment declined 2.9% from the prior year period to $1.44 billion. The decline in Telecommunications revenue was driven by a 7.8% decline in access lines, leading to a 7.2% decline in voice revenue, which was partially offset by high-speed Internet revenue growth of 13.2% and 5.9% growth in data revenue.

Consolidated operating income increased 7.0% year-over-year to $428 million in the second quarter as a result of improved operating efficiency, lower wireless dilution, the absence of spin-off expenses and lower depreciation expense. In current and prior periods, operating income was impacted by the following items:

Increase (Decrease) 2Q-08 1Q-08 2Q-07 (in millions) Spin-off related expenses $0 $0 ($8) Net wireless dilution ($3) ($14) ($20) Gain from sale of real estate $9 $0 $0

Diluted earnings per share increased 20.0% over the prior year period to $1.38 for the quarter, which also reflects the after tax impact of the items above.

Capital Expenditures and Cash Flow

EMBARQ reported net capital expenditures during the period of $179 million. In the year ago period net capital expenditures were $186 million.

Cash flow before dividends increased 7.9% over the prior year period to $274 million. Year-to-date cash flow before dividends totaled $560 million, compared to $504 million in the first half of 2007.

The company paid a dividend of $0.6875 per share in the quarter.

The company repurchased approximately 6.22 million shares during the second quarter at a cost of $265 million. Including repurchases of 3.35 million shares in the first quarter and 1.76 million shares in the first few weeks of the third quarter, the company has repurchased a total of 11.33 million shares through July 25th. The total cost of these shares was approximately $479 million, an average of $42.31 per share.

Subscriber Results

The company ended the period with 6.02 million access lines, which represents a sequential decline of 170,000 lines. Meanwhile, the year-over-year rate of access line loss increased to 7.8% in the second quarter.

EMBARQ added 24,000 high-speed Internet subscribers during the period, bringing its subscriber base to over 1.36 million -- an increase of 18% over the prior year period.

Video net additions increased by 22,000 during the quarter, and the company ended the quarter with 239,000 of its customers subscribing to video services.

2008 Outlook

The company revised its outlook for 2008, which was previously provided on April 29th, 2008. Current expectations for the year are as follows:

-- Absolute access line losses over the remainder of 2008 are expected to be closer to prior year levels than in the first quarter, unchanged from the company's previous expectation. -- The range for telecommunications revenue is $5.72 to $5.80 billion, unchanged from the previous range. -- Wireless dilution is expected to be approximately $20 million, unchanged from the previous outlook. -- Net capital spending is expected to be less than $740 million, which is an improvement from the previous outlook of approximately $780 million. -- Cash flow before dividends is expected to be between $1.00 and $1.04 billion, an increase of $40 million from the previous range of $0.96 to $1.00 billion. Conference Call

Today EMBARQ will hold a conference call beginning at 4:30 p.m. EDT. Dial-in numbers for the conference call are (866) 245-2310 (U.S. and Canada) and (816) 650-2838 (International). The code required to access the call is 50031705. Please plan to dial-in at least five minutes before the scheduled start time. A simultaneous audio webcast of the call and a downloadable presentation will be available at http://www.embarq.com/investors.

For those unable to participate live, a replay of the call will be available until August 12, 2008 by dialing (800) 642-1687 (U.S. and Canada) or (706) 645-9291 (International) as well as at http://www.embarq.com/investors. The accompanying presentation will also be archived and available for download at this website.

Cautionary Statement

This news release contains "forward-looking statements" within the meaning of the securities laws, including statements relating to EMBARQ's outlook or expectations for earnings, revenues, expenses, depreciation and amortization, asset quality, access line declines, cash flow measures, customer growth, wireless dilution, or other future financial or business performance, strategies or expectations. The words "estimate," "plan," "project," "forecast," "expect," "intend," "anticipate," "believe," "seek," "target," "guidance," "outlook" and similar expressions are intended to identify forward-looking statements. These statements reflect management's judgment based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. With respect to these forward-looking statements, management has made assumptions regarding, among other things, customer and network usage, customer retention, pricing, operating costs, technology, and the economic and regulatory environment.

Future performance cannot be ensured. Actual results may differ materially from those in the forward-looking statements. Some factors that could cause actual results to differ include but are not limited to: the effects of vigorous competition in the markets in which we operate, including access line loss to cable operators and wireless providers; the impact of new, emerging and competing technologies on our business; the effect of changes in the legal and regulatory environment and the impact of compliance with regulatory mandates; potential fluctuations in our financial performance, including revenues, capital expenditures and operating expenses; the impact of any adverse change in the ratings assigned to our debt by ratings agencies on the cost of financing or the ability to raise additional financing if needed; the effects of mergers, consolidations or other unexpected developments in the industries relevant to our operations; the failure to realize expected improvement in operating efficiencies; the costs and business risks with the development of new products and services; the uncertainties related to our investments in networks, systems and other businesses; the uncertainties related to the implementation of our business strategies; the inability of third parties to perform to our requirements under agreements related to our business operations; our ownership of or ability to license technology that may be necessary to expand our business offerings; restrictions in our patent agreement with Sprint Nextel; unexpected adverse results of legal proceedings involving our company; the impact of equipment failure or other breaches of network or information technology security; potential work stoppages; a determination by the IRS that the spin-off from Sprint Nextel should be treated as a taxable transaction; the volatility in the equity market; the effects of changes in both general and local economic conditions on the markets we serve, which can impact demand for our products and services; customer purchasing decisions; collectability of revenue; and, required levels of capital expenditures related to new construction of residences and businesses; the possible impact of adverse changes in political or other external factors over which we have no control, including hurricanes and other severe weather; and other risks referenced in our Annual Report on Form 10-K, including in Part I, Item 1A, "Risk Factors", and from time to time in other filings of ours with the SEC.

Forward-looking statements speak only as of the date they were made, and EMBARQ undertakes no obligation to update or revise any forward-looking statements in light of new information or future events. You should not place undue reliance on any forward-looking statements, which speak only as of the date of this release. EMBARQ is not obligated to publicly update or release any revisions to these forward-looking statements to reflect any events or circumstances after the date of this news release.

Selected Financial Data (Unaudited) - Current Period Results Compared to Prior

Year ($ in millions, except per share amounts) Consolidated 2Q-08 2Q-07 Fav/(Unfav) Net Operating Revenues Voice $994 $1,071 ($77) -7.2% Data 199 188 11 5.9% High-speed Internet 137 121 16 13.2% Wireless 17 11 6 54.5% Other services 60 63 (3) -4.8% Service revenues 1,407 1,454 (47) -3.2% EMBARQ Logistics 110 123 (13) -10.6% Other product 32 28 4 14.3% Product revenues 142 151 (9) -6.0% Total Net Operating Revenues 1,549 1,605 (56) -3.5% Operating Expenses Cost of services 381 404 23 5.7% Cost of products 132 142 10 7.0% Selling, general and administrative 361 395 34 8.6% Depreciation 247 264 17 6.4% Total Operating Expenses 1,121 1,205 84 7.0% Operating Income $428 $400 $28 7.0% Interest expense 100 111 11 9.9% Other expense (income), net (1) 0 1 n/a Income Before Taxes $329 $289 $40 13.8% Income tax expense 123 113 (10) -8.8% Net Income $206 $176 $30 17.0% Diluted Earnings Per Share $1.38 $1.15 $0.23 20.0% Telecom 2Q-08 2Q-07 Fav/(Unfav) Net Operating Revenues Voice $994 $1,071 ($77) -7.2% Data 199 188 11 5.9% High-speed Internet 137 121 16 13.2% Wireless 17 11 6 54.5% Other services 60 63 (3) -4.8% Service revenues 1,407 1,454 (47) -3.2% Product revenues 32 28 4 14.3% Total Net Operating Revenues 1,439 1,482 (43) -2.9% Operating Expenses Cost of services 381 404 23 5.7% Cost of products 33 33 0 0.0% Selling, general and administrative 355 387 32 8.3% Depreciation 246 262 16 6.1% Total Operating Expenses 1,015 1,086 71 6.5% Operating Income $424 $396 $28 7.1% Logistics 2Q-08 2Q-07 Fav/(Unfav) Net Operating Revenues 110 123 (13) -10.6% Operating Expenses Cost of services & products 99 109 10 9.2% Selling, general and administrative 6 8 2 25.0% Depreciation 1 2 1 50.0% Total Operating Expenses 106 119 13 10.9% Operating Income $4 $4 $0 0.0%

Selected Financial Data (Unaudited) - Current Period Results Compared to Prior

Quarter ($ in millions, except per share amounts) Consolidated 2Q-08 1Q-08 Fav/(Unfav) Net Operating Revenues Voice $994 $1,024 ($30) -2.9% Data 199 198 1 0.5% High-speed Internet 137 133 4 3.0% Wireless 17 16 1 6.3% Other services 60 62 (2) -3.2% Service revenues 1,407 1,433 (26) -1.8% EMBARQ Logistics 110 115 (5) -4.3% Other product 32 23 9 39.1% Product revenues 142 138 4 2.9% Total Net Operating Revenues 1,549 1,571 (22) -1.4% Operating Expenses Cost of services 381 390 9 2.3% Cost of products 132 138 6 4.3% Selling, general and administrative 361 358 (3) -0.8% Depreciation 247 251 4 1.6% Total Operating Expenses 1,121 1,137 16 1.4% Operating Income $428 $434 ($6) -1.4% Interest expense 100 104 4 3.8% Other expense (income), net (1) (1) 0 0.0% Income Before Taxes $329 $331 ($2) -0.6% Income tax expense 123 119 (4) -3.4% Net Income $206 $212 ($6) -2.8% Diluted Earnings Per Share $1.38 $1.38 $0.00 0.0% Telecom 2Q-08 1Q-08 Fav/(Unfav) Net Operating Revenues Voice $994 $1,024 ($30) -2.9% Data 199 198 1 0.5% High-speed Internet 137 133 4 3.0% Wireless 17 16 1 6.3% Other services 60 62 (2) -3.2% Service revenues 1,407 1,433 (26) -1.8% Product revenues 32 23 9 39.1% Total Net Operating Revenues 1,439 1,456 (17) -1.2% Operating Expenses Cost of services 381 389 8 2.1% Cost of products 33 33 0 0.0% Selling, general and administrative 355 348 (7) -2.0% Depreciation 246 250 4 1.6% Total Operating Expenses 1,015 1,020 5 0.5% Operating Income $424 $436 ($12) -2.8% Logistics 2Q-08 1Q-08 Fav/(Unfav) Net Operating Revenues 110 115 (5) -4.3% Operating Expenses Cost of services & products 99 106 7 6.6% Selling, general and administrative 6 10 4 40.0% Depreciation 1 1 0 0.0% Total Operating Expenses 106 117 11 9.4% Operating Income $4 ($2) $6 n/a Non-GAAP Definitions & Reconciliations

The following non-GAAP (generally accepted accounting principles) measures should be used in addition to, but not as a substitute for, the information provided in EMBARQ's consolidated financial statements.

Net Debt

Net debt is consolidated debt, including current maturities, less cash and equivalents. EMBARQ believes that net debt provides useful information about its capital structure.

Reconciliation - Net Debt 2Q08 1Q08 2Q07 Current maturities $82 $99 $54 Long-term debt 5,888 5,575 6,069 Less: Cash and equivalents (50) (52) (14) Net Debt $5,920 $5,622 $6,109 Net Capital Expenditures

Net capital expenditures are capital expenditures less proceeds from construction reimbursements. EMBARQ believes that net capital expenditures provides useful information about the capital requirements of its operations.

Reconciliation - Net Capital Expenditures 2Q08 1Q08 2Q07 Capital expenditures 181 179 188 Less: Proceeds from construction reimbursements (2) (2) (2) Net Capital Expenditures $179 $177 $186 Cash Flow Before Dividends

Cash flow before dividends is net cash provided by operating activities, excluding the effects of changes in assets and liabilities and other non-cash items, less net capital expenditures. EMBARQ believes that cash flow before dividends provides useful information about its capacity to return value to shareholders and reduce debt.

Reconciliation of Non-GAAP measure - Cash Flow before Dividends 2Q08 1Q08 2Q07 Net cash provided by operating activities $250 $593 $225 Add: Changes in assets and liabilities, net of other non-cash items 203 (130) 215 Net Income excluding depreciation 453 463 440 Less: Net Capital expenditures (179) (177) (186) Cash Flow before Dividends $274 $286 $254

Because EMBARQ cannot accurately predict the level of cash flow from operating activities and proceeds from construction reimbursements, EMBARQ does not provide reconciliations to GAAP of its forward looking measures of cash flow before dividends and net capital expenditures.

Other Financial Measures

Average Revenue per Household is calculated by dividing consumer revenues by average primary consumer access lines. While this measure is not defined under accounting principles generally accepted in the United States, the measure uses a GAAP measure as the basis for the calculation. EMBARQ believes Average Revenue per Household provides useful information concerning the success of its bundling initiatives and performance in attracting and retaining high value customers.

HSI Average Revenue per Subscriber is calculated by dividing high-speed Internet revenues by average high-speed Internet subscribers. While this measure is not defined under accounting principles generally accepted in the United States, the measure uses a GAAP measure as the basis for the calculation. EMBARQ believes HSI Average Revenue per Subscriber provides useful information concerning the appeal of its high-speed Internet pricing plans and performance in attracting and retaining high value customers.

About EMBARQ

Embarq Corporation , headquartered in Overland Park, Kan., offers a complete suite of communications services. The company has approximately 18,000 employees and operates in 18 states. EMBARQ is included in the S&P 500 and is in the Fortune 500(R) list of America's largest corporations.

For consumers, EMBARQ offers an innovative portfolio of services that includes reliable local and long distance home phone service, high-speed Internet, wireless, and satellite TV from DISH Network(R) -- all on one monthly bill.

For businesses, EMBARQ has a comprehensive range of flexible and integrated services designed to help businesses of all sizes be more productive and communicate with their customers. This service portfolio includes local voice and data services, long distance, Business Class High Speed Internet, wireless, satellite TV from DIRECTV(R), enhanced data network services, voice and data communication equipment and managed network services.

For more information, visit embarq.com. Embarq Corporation Consolidated Statements of Operations ($ in millions, except per share amounts) (unaudited) Quarter Ended June 30, Six Months Ended June 30, 2008 2007 2008 2007 Net Operating Revenues Service revenues $1,407 $1,454 $2,840 $2,912 Product revenues 142 151 280 282 Total net operating revenue 1,549 1,605 3,120 3,194 Operating Expenses Cost of services 381 404 771 821 Cost of products 132 142 270 269 Selling, general and administrative 361 395 719 799 Depreciation 247 264 498 534 Total Operating Expenses 1,121 1,205 2,258 2,423 Operating Income 428 400 862 771 Interest expense 100 111 204 220 Other (income) expense, net (1) - (2) - Income Before Income Taxes 329 289 660 551 Income tax expense 123 113 242 215 Net Income $206 $176 $418 $336 Basic Earnings Per Share $1.40 $1.16 $2.79 $2.23 Basic weighted average shares 146.8 151.8 149.7 151.0 Diluted Earnings Per Share $1.38 $1.15 $2.76 $2.20 Diluted weighted average shares 148.8 153.6 151.4 153.0 Embarq Corporation Condensed Consolidated Balance Sheets ($ in millions) June 30, December 31, 2008 2007 (unaudited) Assets Cash and equivalents $50 $69 Accounts receivable, net 581 616 Inventories, net 119 138 Prepaid expenses and other current assets 165 163 Total current assets 915 986 Net property, plant and equipment 7,589 7,748 Prepaid pension asset 130 108 Other noncurrent assets 72 59 Total noncurrent assets 7,791 7,915 Total assets $8,706 $8,901 Liabilities and stockholders' equity Current maturities of long-term debt $82 $99 Accounts payable 337 387 Payroll and employee benefits 146 208 Accrued income taxes 68 27 Accrued operating taxes 105 97 Deferred revenue 189 202 Accrued interest 59 56 Other current liabilities 94 122 Total current liabilities 1,080 1,198 Long-term debt 5,888 5,779 Benefit plan obligations 318 320 Deferred income taxes 1,114 1,130 Other noncurrent liabilities 217 210 Total noncurrent liabilities 7,537 7,439 Stockholders' equity Common stock 2 2 Paid-in capital (214) (231) Retained earnings 832 623 Accumulated other comprehensive income (loss) (130) (130) Treasury stock, at cost (401) - Total stockholders' equity 89 264 Total liabilities and stockholders' equity $8,706 $8,901 Embarq Corporation Condensed Consolidated Statements of Cash Flows ($ in millions) (unaudited) Six Months Ended June 30, 2008 2007 Operating Activities Net income $418 $336 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 498 534 Deferred and noncurrent income taxes (21) (52) Provision for losses on accounts receivable 49 37 Stock-based compensation expense 22 30 Net losses (gains) on sales of assets (9) (7) Other, net 26 22 Changes in assets and liabilities: Accounts receivable (14) (26) Inventories and other current assets (4) (30) Accounts payable and other current liabilities (98) (146) Noncurrent assets and liabilities, net (24) 7 Net cash provided by operating activities 843 705 Investing Activities Net capital expenditures (356) (366) Proceeds from sales of assets 2 18 Net cash used by investing activities (354) (348) Financing Activities Changes in debt, net 91 (332) Dividends paid to stockholders (208) (174) Repurchase of common stock (390) (2) Common stock issued 10 98 Other, net (11) 14 Net cash used by financing activities (508) (396) Change in Cash and Equivalents (19) (39) Cash and Equivalents at Beginning of Period 69 53 Cash and Equivalents at End of Period $50 $14 Embarq Corporation Operating Statistics (Revenues in millions; lines and subscribers in thousands) (unaudited) 2Q-08 1Q-08 2007 4Q-07 Service and Product Revenues Voice $994 $1,024 $4,238 $1,032 Data 199 198 765 193 High-speed Internet 137 133 489 128 Wireless 17 16 51 16 Other 60 62 243 59 Service revenues 1,407 1,433 5,786 1,428 Logistics 110 115 466 113 Other 32 23 113 36 Product revenues 142 138 579 149 Net operating revenues $1,549 $1,571 $6,365 $1,577 Operating Unit Revenues Consumer $641 $656 $2,655 $652 Business 386 381 1,544 389 Wholesale 412 419 1,700 423 Telecommunications segment 1,439 1,456 5,899 1,464 Logistics segment 110 115 466 113 Net operating revenues $1,549 $1,571 $6,365 $1,577 Access Lines Consumer 4,029 4,172 4,272 Business 1,841 1,861 1,876 Wholesale 152 159 164 Total 6,022 6,192 6,312 Average Revenue per Household (HH) Consumer revenue $641 $656 $652 Average households 3,821 3,926 3,997 Monthly revenue per average HH $55.92 $55.70 $54.37 High-speed Internet Lines Consumer 1,155 1,132 1,074 Business 170 167 164 Wholesale 39 41 39 Total 1,364 1,340 1,277 HSI Average Revenue per Subscriber High-speed Internet revenue $137 $133 $128 Average HSI subscribers $1,352 $1,309 1,247 Monthly revenue per average subscriber $33.78 $33.87 $34.22 Wireless Subscribers Consumer 97 101 101 Business 10 11 11 Total 107 112 112 Entertainment Subscribers 239 217 200 3Q-07 2Q-07 1Q-07 Service and Product Revenues Voice $1,051 $1,071 $1,084 Data 195 188 189 High-speed Internet 124 121 116 Wireless 15 11 9 Other 61 63 60 Service revenues 1,446 1,454 1,458 Logistics 121 123 109 Other 27 28 22 Product revenues 148 151 131 Net operating revenues $1,594 $1,605 $1,589 Operating Unit Revenues Consumer $658 $669 $676 Business 388 384 383 Wholesale 427 429 421 Telecommunications segment 1,473 1,482 1,480 Logistics segment 121 123 109 Net operating revenues $1,594 $1,605 $1,589 Access Lines Consumer 4,345 4,461 4,588 Business 1,887 1,896 1,909 Wholesale 171 176 184 Total 6,403 6,533 6,681 Average Revenue per Household (HH) Consumer revenue $658 $669 $676 Average households 4,076 4,180 4,261 Monthly revenue per average HH $53.81 $53.35 $52.88 High-speed Internet Lines Consumer 1,017 963 916 Business 160 154 149 Wholesale 39 39 39 Total 1,216 1,156 1,104 HSI Average Revenue per Subscriber High-speed Internet revenue $124 $121 $116 Average HSI subscribers 1,186 1,130 1,061 Monthly revenue per average subscriber $34.85 $35.69 $36.44 Wireless Subscribers Consumer 98 81 65 Business 10 8 6 Total 108 89 71 Entertainment Subscribers 190 178 170 Embarq Corporation Supplemental Cash Flow Data ($ in millions) (unaudited) Quarter Ended June 30, 2008 Operating Activities Net income $206 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 247 Deferred and noncurrent income taxes (1) Provision for losses on accounts receivable 28 Stock-based compensation expense 13 Net losses (gains) on sales of assets (9) Other, net 15 Changes in assets and liabilities: Accounts receivable (30) Inventories and other current assets 11 Accounts payable and other current liabilities (231) Noncurrent assets and liabilities, net 1 Net cash provided by operating activities 250 Investing Activities Net capital expenditures (179) Net cash used by investing activities (179) Financing Activities Changes in debt, net 296 Dividends paid to stockholders (101) Repurchase of common stock (275) Common stock issued 6 Other, net 1 Net cash used by financing activities (73) Change in Cash and Equivalents (2) Cash and Equivalents at Beginning of Period 52 Cash and Equivalents at End of Period $50

Photo: http://www.newscom.com/cgi-bin/prnh/20060516/EMBARQLOGO
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PRN Photo Desk, photodesk@prnewswire.com EMBARQ

CONTACT: Media, Debra Peterson, +1-913-323-4881,
debra.d.peterson@embarq.com, or Investor Relations, Trevor Erxleben,
1-866-591-1964, investorrelations@embarq.com, both of EMBARQ

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

Entrust Announces Second Quarter and First Half Fiscal Year 2008 Financial Results- Total 2nd Quarter and 1st Half Revenues of $24.5 million and $50.3 million respectively- 2nd Quarter and 1st Half Subscription Revenue Achieved 56% and 54% of Revenue Respectively- Second Quarter and 1st Half Profitability increased $2.8 million and $4.1 million year-over-year- Cash and Cash Equivalents increased $2.6 million in the quarter to $25.4 million- Company Reiterates Full Year Profitability Targets- July Booked Product Revenue of Over $4.0 million

DALLAS, July 29 /PRNewswire-FirstCall/ -- Entrust, Inc. , a world leader in securing digital identities and information, today announced financial results for its fiscal quarter ended June 30, 2008.

"I am pleased with our first half performance in what is a challenging business environment," said Bill Conner, Entrust chairman, president and chief executive officer. "While we are disappointed in our lower than expected revenue for the quarter, we were able to meet the low end of our guidance with an increase in our first half revenue by three percent, an increase in our profitability by $4.1 million or $0.06 per share, and to increase our cash position by nearly $5.0 million from the end of 2007."

Revenue for the second quarter was $24.5 million, flat to Q2 2007. Revenues in the quarter were flat due to lower transaction volumes, timing of deals and lower professional services. On the positive side, the company increased revenue in Risk Based Authentication, Government and the company's subscription businesses from a year ago. Deferred revenue increased in the quarter to approximately $29.3 million, an increase of approximately $800 thousand, from $28.5 million at Q2, 2007.

Conner added, "In the first half of 2008, we made solid progress on Risk Based Authentication, where we delivered 126 percent growth. Our largest transaction in the second quarter was with DnB Nor, Norway's largest financial services group, which selected Entrust for real-time fraud monitoring. In Public Key Infrastructure (PKI), we were awarded our first Extended Access Control passport order from a large EU country. Our PKI software-as-a-service products continued to be strong led by our SSL certificate business, which for the first half of the year was up 37 percent. We also are seeing increased momentum with business development partners and channels to market these offerings."

Entrust recorded a Q2, 2008 net loss, calculated in accordance with GAAP, of $422 thousand, or $0.01 per share, compared to Q2, 2007 net loss of $3.2 million, or $0.05 per share. On a non-GAAP basis the company recorded a profit of $480 thousand, or $0.01 per share, compared to Q2, 2007 loss of $1.5 million, or $0.02 per share. The non-GAAP figures exclude amortization of purchased intangibles and stock-option based compensation expense. See the financial table below reconciling these non-GAAP figures to GAAP.

"In the second quarter, we continued to make progress on our financial model. We increased our subscription revenues to 56 percent of our quarterly revenues; we increased deferred revenue by $800 thousand, we increased our cash and cash equivalents by $2.6 million; and we reduced total expenses by eight percent or $2.3 million from the first quarter. Our lower expense base, combined with having booked over $4 million of third quarter product revenue in July, has us well positioned to make our full year Non-GAAP earnings target of 10 cents per share and Non-GAAP cash flow from operations of over $10.0 million," said David Wagner, Entrust senior vice president and chief financial officer.

The company ended Q2, 2008 with approximately $25.4 million in cash and cash equivalents and no debt.

Financial Outlook:

Entrust is maintaining its second half 2008 outlook of total revenue of between $54.0 million to $58.0 million.

For the full year 2008, Entrust is targeting a net income in accordance with GAAP of approximately $0.03 per share. On a non-GAAP basis, the company is targeting a full year profit of $0.10 per share. These net income targets are in line with the company's prior 2008 targets. For the second half of 2008 the full year guidance translates to a net income in accordance with GAAP of approximately $0.05 per share and on a non-GAAP basis a profit of $0.08 per share. The company's Q3, 2008, total expenses on a non-GAAP basis are expected to be approximately $24.5 million. The Company expects to be cash flow positive from operations adjusted to exclude the net change in accrued restructuring charges for the full year by over $10.0 million. See the financial table below reconciling the non-GAAP figures to GAAP.

Q2 Business and Financial Metrics:

-- Revenue of $24.5 million consisted of 37% product revenue ($9.0 million) and 63% services and maintenance revenue ($15.5 million). The top five product transactions accounted for 9% of Q2, 2008 revenues. There were no product transactions over $1 million in Q2, 2008.

-- Revenue from subscription based product and services accounted for 56% of total revenue for Q2, 2008, up from 51% in Q2, 2007 and Q1, 2008.

-- Revenue from transactions under $500 thousand increased 3% from Q2, 2007, continuing to drive the company's strategy to be less reliant on large deals. Transactions under $500 thousand and subscription product revenue accounted for 93% of product revenue in Q2, 2008.

-- Emerging growth products (Entrust IdentityGuard, Boundary Messaging and Fraud Detection) accounted for $2.6 million, or 29% of product revenue, up 56% from $1.7 million in Q2, 2007.

-- Public Key Infrastructure (PKI) products accounted for $6.2 million, or 68% of product revenue, a decrease of 3% from $6.4 million in Q2, 2007. The decrease in total PKI revenue was from the planned decrease in Entrust's full disk product's which it resells from Checkpoint. Entrust certificate services (SSL certificates) increased 34% year-over-year and accounted for $2.4 million of PKI product revenue in Q2, 2008.

-- Product revenue for the quarter was 47% Extended Government and 53% Extended Enterprise. The Extended Government vertical was up 42% from Q2 of last year and 7% from the first half of 2007. The financial services vertical accounted for approximately 29% of product revenue in Q2, 2008, and was up 16% over the first half of 2007.

-- The average purchase size in the second quarter was $58,000, a decrease from $61,000 in Q2, 2007 and an increase from $50,000 Q1, 2008. Total transactions in Q2, 2008 reached 103. Thirty-one transactions or 30% of the total transactions were from new customers.

-- Deferred revenue achieved a record level of $29.3 million, an increase of $800 thousand from Q2, 2007.

-- Support and Maintenance revenues increased 10% for the first half of 2008 and now accounts for over $10.0 million of quarterly revenue.

-- Cash flow from operations was positive $4.1 million for Q2, 2008 before the net change in restructuring accruals of $1.4 million. Year-to-date cash flow for operations is positive $8.0 million before the net change in restructuring accruals of $2.8 million.

Technology and Industry Highlights:

-- Entrust, Inc. and the Acxiom Corporation signed an agreement for joint sales and marketing of an integrated consumer verification and authentication solution. Acxiom is now a member of the Entrust TrustedPartner Program and will resell Entrust's risk-based authentication solution, which includes multifactor authentication, fraud detection and transaction-monitoring capabilities. Acxiom also will join Entrust's Open Fraud Intelligence Network (OFIN), which consolidates and shares key fraud behavior patterns and data among network participants to help fight online fraud. Entrust will integrate Acxiom's real-time consumer verification capabilities with its portfolio and jointly sell the solution with Acxiom.

-- Entrust announced that the Taiwanese government selected Entrust PKI to help authenticate sensitive biometric information stored on machine readable travel documents (MRTDs) -- also known as ePassports -- which will be available to nearly 23 million citizens by the end of 2008.

-- Kotak Securities Limited, the stock broking arm of the Kotak Mahindra group, announced the implementation of Entrust IdentityGuard for its customers. Kotak's Security Key solution, powered by Entrust, uses the concept of a dual-password system. It is a user-friendly product enabling risk-based authentication that allows Kotak Securities to apply an appropriate level of security and reduces the chances of fraudulent practices.

-- A large new customer in Asia-Pacific chose Entrust's managed public key infrastructure (PKI) solution to cost effectively enable digital signatures and verification to ensure the integrity of the documents it exchanged with businesses. Using the managed PKI service, businesses can leverage digital certificates for authentication, digital signatures and encryption purposes to enable secure e-mail, file and folder encryption, authenticated remote access (VPN) and secure electronic forms and PDFs. Entrust adds value to each of these applications with security that is simple to deploy and transparent to use.

-- Banco Security leveraged the Entrust IdentityGuard versatile authentication platform's grid card solution to help verify the identities of more than 17,600 customers. Banco Security has nine offices in Santiago, Chile, four regional branches, but predominantly provides its services through electronic channels, which made the need for strong multifactor authentication a priority.

-- India's leading credit rating, research, risk and policy advisory company, CRISIL, selected the Entrust IdentityGuard versatile authentication platform and one-time-passcode (OTP) tokens to enable secure communication with their mobile workforce.

-- SC Magazine, a well-respected IT security publication, gave Entrust Entelligence Messaging Server five stars and a "Recommended" rating in their e-mail security group test, which featured side-by-side comparisons of the industry's leading e-mail security solutions.

-- Entrust was chosen for Hydro Ottawa's "Companies for Conservation" award in June 2008. Between August of 2006 and January of 2007, Entrust cut power use by more than 40 percent -- from more than 5 million kilowatt hours per year to less than 3 million. The 2 million kilowatt hours now being conserved annually by Entrust is enough energy to power roughly 222 homes for an entire year. Several initiatives contributed to this achievement.

-- Entrust announced its inclusion to the Russell 3000 Index. The addition to the Russell 3000 Index, which remains in place for one fiscal year, also includes Entrust in additional Russell indexes. The index is a trusted, proven barometer for businesses success, stock growth and investment forecasting for U.S.-based companies.

Entrust will host a live teleconference and Webcast on Tuesday, July 29, 2008 at 5:00 p.m. (Eastern), featuring Chairman, President and CEO Bill Conner and Chief Financial Officer David Wagner to discuss the company's fiscal second quarter results and 2nd half 2008 outlook. The conference call audio will be available live via dial-in at 1-800-732-9303 and via the Internet http://phx.corporate-ir.net/playerlink.zhtml?c=73119&s=wm&e=1893020. Please log on approximately 15 minutes before the Webcast begins in order to register and to download and install any necessary audio software. An archive of the Webcast will be available for 90 days at the above Internet address.

For those unable to attend the live conference call, an audio replay will be available beginning at 7:00 p.m. EDT, Tuesday, July 29, 2008 through Tuesday, August 5, 2008 at 11:59 p.m. EDT. The replay number is 1-877-289-8525 and the pass code is 21276750#.

Use of Non-GAAP Financial Measures

To supplement the financial results that are prepared and presented in accordance with accounting principles generally accepted in the United States, Entrust's management prepares and uses non-GAAP financial measures for many of its internal financial, operating and planning reports. The company's management believes that by excluding charges such as the purchased intangibles amortization in cost of goods sold, the amortization of purchased intangible assets in operating expenses, stock compensation expense, restructuring charges and write down of strategic investments from its GAAP-based results, these non-GAAP financial measures are more likely to facilitate investors' understanding of the company's ongoing business operating results. These non-GAAP financial measures also facilitate comparisons to the operating results of the company's competitors and provide investors with greater transparency with respect to the supplemental information used by management in its operational and financial decision making.

The non-GAAP measures are included to provide investors with supplemental information to facilitate their understanding of Entrust's operating results and future prospects. Management uses these non-GAAP measures to assess its success in reducing the company's cost structure, to measure its ongoing cash operating costs, and to establish budgets and operational goals. The presentation of this additional information should not be considered in isolation or as a substitute for financial and operating results prepared in accordance with accounting principles generally accepted in the United States, as non-GAAP measures are susceptible to varying calculations and they may not be comparable, as presented, to other similarly titled measures of other companies.

This press release contains forward-looking statements relating to Entrust's projected revenue, net income and net loss per share, non-GAAP income per share and cash flow from operations for the second half and full year 2008 and the company's planned third quarter non-GAAP total expenses. Such statements are based upon preliminary estimates which involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are unforeseen operating expenses, inaccuracy in preliminary estimates issues associated with revenue recognition, issues raised in connection with the internal review of quarterly financial results, and the risk factors detailed from time to time in Entrust's periodic reports and registration statements filed with the Securities and Exchange Commission, including without limitation Entrust's Annual Report on Form 10-K for the fiscal year ended December 31, 2007. While Entrust may elect to update forward-looking statements in the future, Entrust specifically disclaims any obligation to do so, even if its estimates change.

About Entrust

Entrust [NASDAQ: ENTU] secures digital identities and information for consumers, enterprises and governments in 1,700 organizations spanning 60 countries. Leveraging a layered security approach to address growing risks, Entrust solutions help secure the most common digital identity and information protection pain points in an organization. These include SSL, authentication, fraud detection, shared data protection and e-mail security. For information, call 888-690-2424, e-mail entrust@entrust.com or visit http://www.entrust.com/.

Entrust is a registered trademark of Entrust, Inc. in the United States and certain other countries. In Canada, Entrust is a registered trademark of Entrust Limited. All Entrust product names are trademarks of Entrust. All other company and product names are trademarks or registered trademarks of their respective owners.

ENTRUST, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Three Months Six Months Ended Ended June 30th, June 30th, 2008 2007 2008 2007 Revenues: Product $9,013 $8,930 $18,643 $18,074 Services and maintenance 15,466 15,563 31,674 30,982 Total revenues 24,479 24,493 50,317 49,056 Cost of revenues: Product 2,118 2,162 4,480 3,970 Services and maintenance 7,048 7,759 14,903 15,207 Amortization of purchased product rights 315 345 660 677 Total cost of revenues 9,481 10,266 20,043 19,854 Total gross profit 14,998 14,227 30,274 29,202 Operating expenses: Sales and marketing 7,806 8,813 16,509 17,906 Research and development 4,432 5,312 9,174 10,661 General and administrative 3,124 3,258 6,240 6,518 Total operating expenses 15,362 17,383 31,923 35,085 Loss from operations (364) (3,156) (1,649) (5,883) Other income (expense): Interest income 98 176 229 356 Foreign exchange gain 55 (177) 75 70 Gain on sale of long-term strategic investments - - 18 - Loss from equity investments - - - (77) Total other income (expense) 153 (1) 322 349 Loss before income taxes (211) (3,157) (1,327) (5,534) Provision for income taxes 211 72 275 124 Net loss $(422) $(3,229) $(1,602) $(5,658) Weighted average common shares used Basic 61,291 60,777 61,228 60,582 Diluted 61,291 60,777 61,228 60,582 Net loss per share Basic ($0.01) ($0.05) ($0.03) ($0.09) Diluted ($0.01) ($0.05) ($0.03) ($0.09) ENTRUST, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) June 30, December 31, 2008 2007 ASSETS Cash and marketable investments $25,416 $20,485 Accounts receivable, net of allowance for doubtful accounts 16,738 20,773 Other current assets 3,608 4,079 Property and equipment, net 1,148 1,490 Purchased product rights and other purchased intangible assets, net 10,377 11,543 Goodwill 60,214 60,214 Long-term strategic and equity investments 91 91 Other long-term assets, net 3,329 3,479 Total assets $120,921 $122,154 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable and accruals $15,826 $16,330 Accrued restructuring charges 16,487 19,266 Deferred revenue 29,299 27,894 Long-term liabilities 816 218 Total liabilities 62,428 63,708 Shareholders' equity 58,493 58,446 Total liabilities and shareholders' equity $120,921 $122,154 The following supplemental tables provide non-GAAP financial measures used by the company's management to evaluate operational results. The company believes this information may be useful to investors. In addition to disclosing financial results calculated in accordance with U.S. generally accepted accounting principles (GAAP), the company's earnings release contains non-GAAP financial measures that exclude the income statement effects of share-based compensation, amortization of purchase product rights and other purchased intangibles, and non recurring restructuring and impairment charges. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. The non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. Set forth below are reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. For additional information regarding these non-GAAP financial measures, see the Form 8-K dated July 29, 2008 that Entrust has filed with the Securities and Exchange Commission. ENTRUST, INC. SUPPLEMENTAL RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES (in thousands, except per share data) Three Months Ended Six Months Ended June 30th, June 30th, 2008 2007 2008 2007 Reconciliation of net loss per GAAP to Non-GAAP income (loss): GAAP net loss $(422) $(3,229) $(1,602) $(5,658) Adjustments for share-based compensation expense: Cost of revenues 15 81 106 148 Sales and marketing 106 339 424 628 Research and development 34 204 156 401 General and administrative 183 511 582 952 Amortization of other purchased intangibles: Cost of revenues 38 38 76 76 Sales and marketing 211 229 422 457 Amortization of purchased product rights 315 345 660 677 Non-GAAP income (loss) $480 $(1,482) $824 $(2,319) Reconciliation of net loss per diluted share according to GAAP to Non-GAAP income (loss) per diluted share: GAAP net loss per diluted share ($0.01) ($0.05) ($0.03) ($0.09) Adjustments for share-based compensation expense 0.01 0.02 0.02 0.03 Amortization of other purchased intangibles - - 0.01 0.01 Amortization of purchased product rights 0.01 0.01 0.01 0.01 0.02 0.03 0.04 0.05 Non-GAAP income (loss) per diluted share $0.01 ($0.02) $0.01 ($0.04) Weighted average common shares used 61,291 60,777 61,228 60,582 Reconciliation of net cash flow from operating activities per GAAP to Non-GAAP cash flow from operations before the net change in restructuring accruals: GAAP net cash flow from operating activities $2,694 $2,666 $5,182 $122 Adjustments to exclude the effects of: Net change in accrued restructuring charges 1,375 1,375 2,779 2,613 Non-GAAP cash flow from operations before the net change in restructuring accruals $4,069 $4,041 $7,961 $2,735 Forward Looking Guidance Earnings Per Share Range Second Half Full Year 2008 2008 U.S. GAAP measure $0.05 $0.03 Adjustments to exclude the effects of amortization of purchased intangible assets $0.01 $0.03 Adjustments to exclude the effects of expenses related to stock-based compensation $0.02 $0.04 Non-GAAP figures $0.08 $0.10 Forward Looking Guidance Total Quarterly Costs (in millions) Q3 2008 U.S. GAAP measure $25.4 Adjustments to exclude the effects of amortization of purchased intangible assets $0.4 Adjustments to exclude the effects of expenses related to stock- based compensation $0.5 Non-GAAP figures $24.5 Forward Looking Guidance Cash Flow from Operating Activities (in millions) Full Year 2008 U.S. GAAP measure $4.5 Adjustments to exclude the effects of the net change in accrued restructuring charges $5.5 Non-GAAP figures $10.0

Photo: Logo: http://www.newscom.com/cgi-bin/prnh/20060720/NYTH074LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Entrust, Inc.

CONTACT: David Rockvam, Investor Relations, +1-972-713-5824,
david.rockvam@entrust.com, or Michelle Metzger, Media Relations,
+1-972-713-5866, michelle.metzger@entrust.com, both of Entrust, Inc.

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

National Instruments Declares Quarterly Dividend

AUSTIN, Texas, July 29, 2008 /PRNewswire-FirstCall/ -- The National Instruments Board of Directors declared a dividend of $0.11 per share on its common stock payable on Sept. 2, 2008, to shareholders of record on Aug. 11, 2008.

About National Instruments

National Instruments (http://www.ni.com/) is transforming the way engineers and scientists design, prototype and deploy systems for measurement, automation and embedded applications. NI empowers customers with off-the-shelf software such as NI LabVIEW and modular cost-effective hardware, and sells to a broad base of more than 25,000 different companies worldwide, with no one customer representing more than 3 percent of revenue and no one industry representing more than 10 percent of revenue. Headquartered in Austin, Texas, NI has more than 4,800 employees and direct operations in nearly 40 countries. For the past nine years, FORTUNE magazine has named NI one of the 100 best companies to work for in America. Readers can obtain investment information from the company's investor relations department by calling (512) 683-5090, e-mailing nati@ni.com or visiting http://www.ni.com/nati.

LabVIEW, National Instruments, NI and ni.com are trademarks of National Instruments. Other product and company names listed are trademarks or trade names of their respective companies.

Contacts: Veronica Garza Investor Relations (512) 683-6873

Photo: http://www.newscom.com/cgi-bin/prnh/20080723/LAW030LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com National Instruments

CONTACT: Veronica Garza, Investor Relations of National Instruments,
+1-512-683-6873

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

WPCS Reports Record Revenue and $0.52 EPS for FY2008

EXTON, Pa., July 29 /PRNewswire-FirstCall/ -- WPCS International Incorporated , a leader in design-build engineering services for specialty communication systems and wireless infrastructure, today reported financial results for the fiscal year ended April 30, 2008. WPCS reported record revenue of approximately $101.4 million for fiscal year 2008 compared to $70.0 million a year ago, which represents an increase of approximately 45%. WPCS reported net income of approximately $4.1 million or $0.52 per diluted share for the fiscal year ended April 30, 2008. For the same period last year, the reported net income was approximately $4.6 million or $0.72 per diluted share.

For the fourth quarter ended April 30, 2008, WPCS reported revenue of approximately $26.7 million compared to $17.7 million a year ago, which represents an increase of approximately 51%. For the fourth quarter, the reported net income was approximately $921,000 or $0.13 per diluted share. For the same period last year, the reported net income was approximately $1.4 million or $0.18 per diluted share.

The company will be conducting a conference call today at 4:30 pm Eastern Time. To participate on the conference call, please dial 888-299-4099 for calls within the U.S. and 302-709-8337 for calls from international locations. Upon reaching the operator, verbally transmit the participant code VH51651. Andrew Hidalgo, CEO of WPCS, will be discussing the company's financial performance for FY2008 and will provide an operational and economic overview of the business that will include guidance for fiscal year 2009. When the overview concludes, your questions can be asked by pressing *1 and your questions can be removed from the queue by pressing the number sign. Replays of the conference call will be available for a period of five days by dialing 800-355-2355 and using 51651# as the pass code.

About WPCS International Incorporated:

WPCS is a design-build engineering company that focuses on the implementation requirements of wireless technology. The company serves the specialty communication systems and wireless infrastructure sectors and provides services that include site design, technology integration, electrical contracting, construction and project management for corporations, government entities and educational institutions worldwide. For more information, please visit http://www.wpcs.com/.

Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements.

Contact: WPCS International Incorporated 610-903-0400 x101 ir@wpcs.com WPCS INTERNATIONAL INCORPORATED AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME Three Months Ended Year Ended April 30, April 30, 2008 2007 2008 2007 REVENUE $26,707,999 $17,689,343 $101,431,128 $70,000,070 COSTS AND EXPENSES: Cost of revenue 19,239,593 11,578,549 73,084,310 47,781,351 Selling, general and administrative expenses 5,150,992 3,370,454 19,302,773 13,244,909 Depreciation and amortization 782,399 358,521 2,398,603 1,239,486 Total costs and expenses 25,172,984 15,307,524 94,785,686 62,265,746 OPERATING INCOME 1,535,015 2,381,819 6,645,442 7,734,324 OTHER EXPENSE (INCOME): Interest expense 145,497 169,507 522,984 496,330 Interest income (74,865) (230,611) (511,122) (525,524) Minority interest (58,996) 23,099 (22,115) 23,099 INCOME BEFORE INCOME TAX PROVISION 1,523,379 2,419,824 6,655,695 7,740,419 Income tax provision 602,463 1,057,176 2,577,348 3,146,818 NET INCOME $920,916 $1,362,648 $4,078,347 $4,593,601 Basic net income per common share $0.13 $0.20 $0.58 $0.80 Diluted net income per common share $0.13 $0.18 $0.52 $0.72 Basic weighted average number of common shares outstanding 7,218,643 6,879,964 7,090,789 5,772,423 Diluted weighted average number of common shares outstanding 7,258,741 7,679,006 7,840,852 6,409,333 WPCS INTERNATIONAL INCORPORATED AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS April 30, April 30, ASSETS 2008 2007 (Note 1) CURRENT ASSETS: Cash and cash equivalents $7,449,530 $21,558,739 Accounts receivable, net of allowance of $98,786 at April 30, 2008 and April 30, 2007 29,092,488 16,560,636 Costs and estimated earnings in excess of billings on uncompleted contracts 3,887,152 2,499,940 Inventory 2,791,782 2,260,082 Prepaid expenses and other current assets 1,002,993 732,043 Prepaid income tax 122,342 - Deferred tax assets 35,939 27,000 Total current assets 44,382,226 43,638,440 PROPERTY AND EQUIPMENT, net 6,828,162 5,488,920 OTHER INTANGIBLE ASSETS, net 2,929,937 1,683,349 GOODWILL 28,987,501 20,469,608 OTHER ASSETS 820,315 273,353 Total assets $83,948,141 $71,553,670 LIABILITIES AND SHAREHOLDERS' EQUITY April 30, April 30, 2008 2007 (Note 1) CURRENT LIABILITIES: Current portion of loans payable $1,272,112 $1,881,682 Borrowings under line of credit 750,000 - Current portion of capital lease obligations 91,491 - Accounts payable and accrued expenses 9,305,791 6,802,110 Billings in excess of costs and estimated earnings on uncompleted contracts 3,602,422 2,272,688 Deferred revenue 602,560 504,458 Due to shareholders 2,300,083 1,424,190 Income taxes payable - 433,361 Total current liabilities 17,924,459 13,318,489 Borrowings under line of credit 4,376,056 4,454,217 Loans payable, net of current portion 156,978 284,016 Capital lease obligations, net of current portion 215,780 - Deferred tax liabilities 1,173,786 611,000 Total liabilities 23,847,059 18,667,722 Minority interest in subsidiary 1,331,850 1,353,965 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS' EQUITY: Preferred stock - $0.0001 par value, 5,000,000 shares authorized, none issued - - Common stock - $0.0001 par value, 75,000,000 shares authorized, 7,251,083 and 6,971,698 shares issued and outstanding at April 30, 2008 and April 30, 2007, respectively 725 697 Additional paid-in capital 50,775,938 47,901,159 Retained earnings 7,709,562 3,631,215 Accumulated other comprehensive income (loss) on foreign currency translation 283,007 (1,088) Total shareholders' equity 58,769,232 51,531,983 Total liabilities and shareholders' equity $83,948,141 $71,553,670

Note 1. Certain reclassifications have been made to prior period consolidated financial statements to conform to the current presentation.

WPCS International Incorporated

CONTACT: WPCS International Incorporated, +1-610-903-0400, ext. 101,
ir@wpcs.com

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

RFMD(R) Delivers June Quarterly Revenue of $240.5 MillionCompany On Track For At Least 10% Non-GAAP Operating Income By December QuarterBusiness Highlights:-- Quarterly Revenue Increased 9.0% Sequentially And 13.7% Year-Over-Year To $240.5 Million-- Quarterly GAAP Diluted Loss Per Share Totaled ($0.09)-- Quarterly Non-GAAP Diluted Earnings Per Share (EPS) Totaled $0.03-- GAAP Gross Margin Improved To 30.1% And Non-GAAP Gross Margin Increased 240 Basis Points To 33.0%-- RFMD's Cellular Products Group (CPG) Achieved 10% Sequential Growth In Cellular Front Ends-- RFMD's Multi-Market Products Group (MPG) Significantly Exceeded RFMD's Revised Revenue Target Of 20% Sequential Growth, Provided On June 3, 2008-- RFMD Expects September 2008 Quarterly Revenue To Be In The Range Of $250 Million To $260 Million-- September Quarterly GAAP Diluted Loss Per Share Is Expected To Be In The Range Of ($0.03) To ($0.05)-- September Quarterly Non-GAAP Diluted EPS Is Expected To Be Approximately $0.05

GREENSBORO, N.C., July 29 /PRNewswire-FirstCall/ -- RF Micro Devices, Inc. , a global leader in the design and manufacture of high-performance semiconductor components, today reported financial results for its fiscal 2009 first quarter ended June 28, 2008. Quarterly revenue increased approximately 13.7% year-over-year and approximately 9.0% sequentially to $240.5 million. Operating loss was approximately ($39.7) million on a GAAP basis, reflecting restructuring charges related to the strategic restructuring announced on May 6, 2008. Non-GAAP operating income was approximately $2.3 million. Non-GAAP gross margin improved sequentially 240 basis points during the quarter, primarily driven by the sequential increase in MPG revenue. Consistent with guidance provided on May 6, 2008, RFMD's June 2008 quarterly revenue reflected broad-based strength in MPG and a 10% sequential increase in sales of cellular front ends.

RFMD(R) Product Group Highlights CPG

-- Sales of cellular front ends increased 10%, or approximately three times the industry's growth rate in the June quarter

-- RFMD shipped production volumes of cellular front ends to all five of the world's leading handset OEMs

-- RFMD is experiencing increased design and bookings activity, driven by multiple customers

-- RFMD is on track to eliminate approximately $75 million in annual CPG product development expenses by the end of the calendar year

MPG

-- MPG significantly exceeded RFMD's revised revenue target of 20% sequential growth in MPG revenue

-- All five MPG product lines -- Aerospace & Defense, Broadband/Consumer, Standard Products, Wireless Infrastructure and Wireless Connectivity -- grew sequentially

-- The sequential increase in MPG revenue was a significant contributor to RFMD's 240-basis point improvement in non-GAAP gross margin

-- June 2008 quarterly results reflected new "soft synergies" from the Sirenza Microdevices acquisition, including supply chain savings and volume buying power on component parts

-- MPG released 27 new products and is on track to release more than 100 new products in fiscal 2009

-- RFMD is on track to exceed its fiscal 2009 revenue goal of $250 million in MPG revenue

GAAP and non-GAAP financial measures are presented in the tables below, and non-GAAP financial measures are reconciled to the corresponding GAAP financial measures in the financial statement portion of this press release.

GAAP RESULTS (in millions, except percentages and per Q1 Fiscal Q4 Fiscal % Change Q1 Fiscal % Change share data) 2009 2008 vs. Q4 2008 2008 vs. Q1 2008 Revenue $240.5 $ 220.6 9.0 % $ 211. 6 13.7 % Gross Margin 30.1 % 25.2 % 4.9ppt 31.5 % (1.4)ppt Operating Loss $(39.7) $ (32.8) 20.9 % $ (1.8) 2,162.1 % Net (Loss) Income $(24.1) $ (17.2) 39.9 % $ 23.6 (202.2)% Diluted (LPS) EPS $(0.09) $ (0.06) 47.9 % $ 0.11 (186.6)%

NON-GAAP RESULTS (excluding share-based compensation, amortization of intangibles, amortization of acquisition-related inventory step-up, acquired in process research and development charge, manufacturing facility relocation and related costs, manufacturing start-up costs, loss on investment, restructuring charges, valuation allowance adjustment and the tax effect on non-GAAP restructuring adjustments)

(in millions, except percentages and Q1 Fiscal Q4 Fiscal % Change Q1 Fiscal % Change per share data) 2009 2008 vs. Q4 2008 2008 vs. Q1 2008 Gross Margin 33.0 % 30.6 % 2.4ppt 31.9 % 1.1ppt Operating Income (Loss) $ 2.3 $ (13.4) 117.2 % $2.3 2.4 % Net Income $ 7.9 $ 2.2 260.8 % $ 6.6 21.1 % Diluted EPS $ 0.03 $ 0.01 270.7 % $ 0.03 (7.6)% Financial Guidance And Business Outlook

-- Revenue in the September 2008 quarter is currently expected to be in the range of $250 million to $260 million

-- RFMD forecasts CPG revenue will increase sequentially in the September 2008 quarter, driven by handset unit volume growth, share gains at targeted accounts, new handset launches and improved order visibility

-- RFMD forecasts MPG revenue will increase sequentially in the September 2008 quarter, supported by improved order visibility across multiple markets

-- GAAP net loss in the September 2008 quarter is currently expected to be in the range of ($0.03) to ($0.05) per diluted share, including approximately $15 million to $20 million in restructuring charges related to the strategic restructuring announced on May 6, 2008

-- Non-GAAP net income in the September 2008 quarter is currently expected to be approximately $0.05 per diluted share, excluding estimated share-based compensation expense, amortization of intangibles and restructuring charges

The methodology used by RFMD to estimate share-based compensation expense does not factor in items such as new grants, terminations or amounts that may be capitalized in inventory, and the methodology used to estimate amortization of intangibles assumes no additional intangible assets are recorded. RFMD does not estimate the impact of share-based compensation expense on gross margin or operating expenses and will provide this information with its September 2008 quarterly results. Accordingly, actual quarterly results may differ from these estimates, and such differences may be material.

Comments From Management

Bob Bruggeworth, president and CEO of RFMD, said, "RFMD's new strategy and diversification efforts are already paying dividends -- one quarter ahead of our original estimates, driven by exceptional teamwork and steady execution by the entire RFMD team. We gained share in cellular RF components, with front end revenue increasing 10% sequentially, and our performance in MPG easily exceeded our revised revenue target of 20% sequential revenue growth.

"Consistent with our strategic restructuring announcement on May 6, we have eliminated all product development expenses related to wireless systems, and we believe our organization is now positioned to achieve sustainable, long-term growth and profitability. We have already begun to deliver the expense reductions forecast for later this year, and we are well on our way to achieving our stated goal of at least 10% non-GAAP operating income and double-digit return on invested capital (ROIC) by the December quarter."

Dean Priddy, CFO and corporate vice president of administration of RFMD, said, "RFMD's June financial performance and September quarterly guidance highlight the progress we have made in achieving our financial goals. RFMD's sharpened focus on RF components and compound semiconductors is driving our revenue and profitability, and our expense reductions are ahead of schedule. As our June results demonstrate, our 240-basis point sequential improvement in gross margin and approximately 700-basis point sequential improvement in operating margin are leading indicators of the superior financial leverage RFMD is positioned to deliver."

Non-GAAP Financial Measures

In addition to disclosing financial results calculated in accordance with United States (U.S.) generally accepted accounting principles (GAAP), RFMD's earnings release contains the following non-GAAP financial measures: (i) non-GAAP gross margin, (ii) non-GAAP operating (loss) income, (iii) non-GAAP net income, and (iv) non-GAAP net income per diluted share. Each of these non-GAAP financial measures is adjusted from GAAP results to exclude certain expenses that are outlined in the "Reconciliation of GAAP to Non-GAAP Financial Measures" table on page 8.

In managing RFMD's business on a consolidated basis, management develops an annual operating plan, which is approved by our Board of Directors, using non-GAAP financial measures. In developing and monitoring performance against this plan, management considers the actual or potential impacts on these non- GAAP financial measures from actions taken to reduce unit costs with the goal of increasing gross margin. In addition, management relies upon these non- GAAP financial measures to assess whether research and development efforts are at an appropriate level, and when making decisions about product spending, administrative budgets, and marketing programs. In addition, we believe that non-GAAP financial measures provide useful supplemental information to investors and enable investors to analyze the results of operations in the same way as management. We have chosen to provide this supplemental information to enable investors to perform additional comparisons of operating results and to analyze financial performance excluding the effect of certain non-cash expenses, unusual items and share-based compensation expense, which may obscure trends in RFMD's underlying performance.

We believe that these non-GAAP financial measures offer an additional view of RFMD's operations that, when coupled with the GAAP results and the reconciliations to corresponding GAAP financial measures, provide a more complete understanding of RFMD's results of operations and the factors and trends affecting RFMD's business. However, these non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP.

Our rationale for using these non-GAAP financial measures, as well as their impact on the presentation of RFMD's operations, are outlined below:

Non-GAAP gross margin. Non-GAAP gross margin excludes share-based compensation expense, amortization of intangible assets, an adjustment for amortization of acquisition-related inventory step-up and an adjustment for manufacturing facility relocation and related costs. We believe that exclusion of these costs in presenting non-GAAP gross margin gives management and investors a more effective means of evaluating RFMD's historical performance and projected costs and the potential for realizing cost efficiencies. We believe that the majority of RFMD's purchased intangibles are not relevant to analyzing current operations because they generally represent costs incurred by the acquired company to build value prior to acquisition, and thus are effectively part of transaction costs rather than ongoing costs of operating RFMD's business. In this regard, we note that (i) once the intangibles are fully amortized, the intangibles will not be replaced with cash costs and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time, and (ii) although we set the amortization expense based on useful life of the various assets at the time of the transaction, we cannot influence the timing and amount of the future amortization expense recognition once the lives are established. Similarly, we believe that presentation of non-GAAP gross margin and other non-GAAP financial measures that exclude the impact of share-based compensation expense assists management and investors in evaluating the period-over-period performance of RFMD's ongoing operations because (i) the expenses are non-cash in nature, and (ii) although the size of the grants is within our control, the amount of expense varies depending on factors such as short-term fluctuations in stock price volatility and prevailing interest rates, which can be unrelated to the operational performance of RFMD during the period in which the expense is incurred and generally is outside the control of management. Moreover, we believe that the exclusion of share-based compensation expense in presenting non-GAAP gross margin and other non-GAAP financial measures is useful to investors to understand the impact of the expensing of share-based compensation to RFMD's gross margins and other financial measures in comparison to both prior periods as well as to its competitors. We also believe that the adjustments to margin related to business acquisitions (amortization of acquisition-related inventory step-up and an adjustment for manufacturing facility relocation and related costs) do not constitute part of RFMD's ongoing operations and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time and gives management and investors a more effective means of evaluating our historical and projected performance.

We believe disclosure of non-GAAP gross margin has economic substance because the excluded expenses do not represent continuing cash expenditures and, as described above, we have little control over the timing and amount of the expenses in question.

Non-GAAP operating (loss) income. Non-GAAP operating (loss) income excludes share-based compensation expense, amortization of intangible assets, restructuring charges, acquired in-process research and development, amortization of acquisition-related inventory step-up, costs associated with the relocation of a manufacturing facility, manufacturing start-up costs, and adjustments associated with the discontinuation of our WLAN chipset development efforts. We believe that presentation of a measure of operating (loss) income that excludes amortization of intangible assets and share-based compensation expense is useful to both management and investors for the same reasons as described above with respect to our use of non-GAAP gross margin. We believe that restructuring charges, manufacturing start-up costs, acquired in-process research and development, amortization of acquisition-related inventory step-up, and costs associated with the relocation of a manufacturing facility, do not constitute part of RFMD's ongoing operations and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time and gives management and investors a more effective means of evaluating our historical and projected performance. We believe disclosure of non-GAAP operating (loss) income has economic substance because the excluded expenses are either non-recurring in nature or do not represent current cash expenditures.

Non-GAAP net income and non-GAAP net income per diluted share. Non-GAAP net income and non-GAAP net income per diluted share exclude the effects of share-based compensation expense, amortization of intangible assets, restructuring charges, manufacturing start-up costs, acquired in-process research and development, amortization of acquisition-related inventory step-up, costs associated with the relocation of a manufacturing facility, loss on investment, valuation allowance adjustment and also reflect an adjustment of income tax associated with the exclusion of non-GAAP restructuring adjustments. We believe that presentation of measures of net income and net income per diluted share that exclude these items is useful to both management and investors for the reasons described above with respect to non-GAAP gross margin and non-GAAP operating income. We believe disclosure of non-GAAP net income and non-GAAP net income per diluted share has economic substance because the excluded expenses are either non-recurring in nature, do not represent current cash expenditures, or are variable in nature and thus unlikely to become recurring expenses.

Limitations of non-GAAP financial measures. The primary material limitations associated with the use of non-GAAP gross margin, non-GAAP operating (loss) income, non-GAAP net income and non-GAAP net income per diluted share as compared to the most directly comparable GAAP financial measures of gross margin, operating (loss) income, net (loss) income and net (loss) income per diluted share are (i) they may not be comparable to similarly titled measures used by other companies in RFMD's industry, and (ii) they exclude financial information that some may consider important in evaluating our performance. We compensate for these limitations by providing full disclosure of the differences between these non-GAAP financial measures and the corresponding GAAP financial measures, including a reconciliation of the non-GAAP financial measures to the corresponding GAAP financial measures, to enable investors to perform their own analysis of our gross margin, operating (loss) income, net (loss) income and net (loss) income per diluted share.

RF Micro Devices will conduct a conference call at 5:00 p.m. EDT today to discuss today's press release. The conference call will be broadcast live over the Internet and can be accessed by any interested party at http://www.earnings.com/ or http://www.rfmd.com/ (under Investor Info). A telephone playback of the conference call will be available approximately one hour after the call's completion by dialing 303-590-3000 and entering pass code 11116474.

About RFMD: About RFMD: RF Micro Devices, Inc. (Nasdaq GS: RFMD) is a global leader in the design and manufacture of high-performance semiconductor components. RFMD's products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), CATV/broadband and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises and communications equipment providers.

Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001- certified manufacturer with worldwide engineering, design, sales and service facilities. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's web site at http://www.rfmd.com/.

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. RF Micro Devices' business is subject to numerous risks and uncertainties, including variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with our planned exit from our wireless systems business, including cellular transceivers and GPS solutions, the risk that restructuring charges may be greater than originally anticipated and that the cost savings and other benefits from the restructuring may not be achieved, risks associated with the operation of our wafer fabrication facilities, molecular beam epitaxy facility, assembly facility and test and tape and reel facilities, our ability to complete acquisitions and integrate acquired companies, including the risk that we may not realize expected synergies from our business combinations, our ability to attract and retain skilled personnel and develop leaders, variability in production yields, our ability to reduce costs and improve gross margins by implementing innovative technologies, our ability to bring new products to market, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, dependence on a limited number of customers, and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K and other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

RF MICRO DEVICES(R) and RFMD(R) are trademarks of RFMD, LLC. All other trade

names, trademarks and registered trademarks are the property of their respective owners. Tables To Follow RF MICRO DEVICES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three Months Ended June 28, 2008 June 30, 2007 Total revenue $ 240,492 $ 211,599 Costs and expenses: Cost of goods sold 168,163 144,901 Research and development 51,354 47,688 Marketing and selling 18,522 12,230 General and administrative 13,058 7,776 Other operating expense 29,098 759 Total costs and expenses 280,195 213,354 Operating loss (39,703) (1,755) Other (loss) income (79) 6,069 (Loss) income before income taxes $ (39,782) $ 4,314 Income tax benefit 15,659 19,287 Net (loss) income $ (24,123) $ 23,601 Net (loss) income per share, diluted $ (0.09) $ 0.11 Weighted average outstanding diluted shares 261,249 227,504 RF MICRO DEVICES, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In thousands, except per share data) (Unaudited) Three Months Ended June 28, March 29, June 30, 2008 2008 2007 GAAP operating loss $(39,703) $(32,832) $(1,755) Share-based compensation expense 4,481 4,645 2,791 Amortization of intangible assets 7,771 7,682 461 Acquired in process research and development 1,400 - - Amortization of acquisition-related inventory step-up 661 5,482 - Charges related to strategic restructuring 26,568 - - Restructuring charges related to sale of substantially all Bluetooth(R) assets - - 329 Restructuring charges related to the integration of Sirenza and other 474 998 - Manufacturing start-up costs 657 299 430 Manufacturing facility relocation and related costs - 337 - Non-GAAP operating income (loss) 2,309 (13,389) 2,256 GAAP net (loss) income (24,123) (17,240) 23,601 Share-based compensation expense 4,481 4,645 2,791 Amortization of intangible assets 7,771 7,682 461 Acquired in process research and development 1,400 - - Amortization of acquisition-related inventory step-up 661 5,482 - Charges related to strategic restructuring 26,568 - - Restructuring charges related to sale of substantially all Bluetooth(R) assets - - 329 Restructuring charges related to the integration of Sirenza and other 474 998 - Manufacturing start-up costs 657 299 430 Manufacturing facility relocation and related costs - 337 - Loss on investment - - 671 Tax effect on non-GAAP restructuring adjustments (9,944) - - Valuation allowance adjustment - - (21,722) Non-GAAP net income 7,945 2,203 6,561 Plus: Income impact of assumed conversions for interest on 1.50% convertible notes 660 - 669 Non-GAAP net income plus assumed conversion of notes-Numerator for diluted income per share $ 8,605 $ 2,203 $ 7,230 GAAP weighted average outstanding diluted shares Adjustments: 261,249 276,085 227,504 Diluted stock options 1,745 1,952 - Assumed conversion of 1.50% convertible notes 30,144 - - Non-GAAP weighted average outstanding diluted shares 293,138 278,037 227,504 Non-GAAP net income per share, diluted $ 0.03 $ 0.01 $ 0.03 GAAP gross margin percentage 30.1 % 25.2 % 31.5 % Adjustment for amortization of acquisition-related inventory step-up 0.3 % 2.5 % - Adjustment for share-based compensation 0.3 % 0.2 % 0.2 % Adjustment for manufacturing facility relocation and related costs - 0.2 % - Adjustment for intangible amortization 2.3 % 2.5 % 0.2 % Non-GAAP gross margin percentage 33.0 % 30.6 % 31.9 % RF MICRO DEVICES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) June 28, March 29, 2008 2008 (Unaudited) (Audited) ASSETS Current assets: Cash and cash equivalents $ 116,581 $ 129,750 Restricted cash 69 504 Short-term investments 80,490 100,841 Accounts receivable, net 117,246 115,629 Inventories 180,196 190,753 Other current assets 93,663 84,556 Total current assets 588,245 622,033 Property and equipment, net 417,741 430,237 Goodwill 716,179 701,317 Long-term investments 24,586 26,336 Intangible assets, net 206,159 205,072 Other assets 31,770 32,200 Total assets $ 1,984,680 $ 2,017,195 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $ 123,044 $ 130,785 Current portion - long-term debt 4,613 4,523 Other short-term liabilities, net 150 283 Total current liabilities 127,807 135,591 Long-term debt, net 616,211 616,698 Other long-term liabilities 22,323 26,269 Total liabilities 766,341 778,558 Shareholders' equity: Total shareholders' equity 1,218,339 1,238,637 Total liabilities and shareholders' equity $ 1,984,680 $ 2,017,195

RF Micro Devices, Inc.

CONTACT: Dean Priddy, CFO, +1-336-678-7975, or Doug DeLieto, VP,
Investor Relations, +1-336-678-7968, both of RFMD(R); or Joe Calabrese of
Financial Relations Board, +1-212-827-3772, for RFMD

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

CDI Acquires Aerospace Engineering Firm

PHILADELPHIA, July 29 /PRNewswire-FirstCall/ -- CDI Corp. announced today that it has acquired TK Engineering Associates, a nearly 300-person engineering services firm headquartered in Cincinnati, OH. Terms of the cash transaction were not disclosed.

Founded in 1994, TK Engineering Associates specializes in design, analysis, consulting and project engineering services for gas turbine engines utilized in aviation, as well as turbines utilized in both wind and traditional power generation. A core team of TK Engineering employees are senior-level aerospace and engineering professionals with extensive experience in jet engine design.

"The acquisition of TK Engineering Associates adds important skillsets and talents to our existing aerospace engineering portfolio," said Roger H. Ballou, President and Chief Executive Officer of CDI. "This transaction is part of our overall strategy to build CDI capabilities in delivering high-value engineering services to our clients in targeted industries. The addition of TK Engineering not only enhances our capabilities in aviation turbine design, but also provides valuable skills for our power generation clients."

"I am proud of the successful company that we have created over the past 14 years and am excited to join forces with CDI to provide more comprehensive services to a broader client base," said Robert Turnbull, Chairman of TK Engineering. "Our experience in emerging technologies will assist CDI in meeting the needs of both the aerospace and the power generation markets from a global standpoint."

Effective immediately, TK Engineering becomes part of the CDI-Aerospace group within CDI's Engineering Solutions division. "During our two-year participation in a joint venture with TK Engineering, we were impressed with the talent depth of their qualified professionals and their project management skills in developing vital components of next generation aircraft engines," said Robert Giorgio, President of CDI Engineering Solutions. "With this acquisition, we are creating a stronger aerospace organization that will help our clients deliver the energy efficient innovations required in 21st century turbine design."

About CDI

Headquartered in Philadelphia, CDI Corp. is a leading provider of engineering and information technology outsourcing solutions and professional staffing. Its operating units include CDI Engineering Solutions, CDI IT Solutions, CDI AndersElite Limited and Management Recruiters International, Inc. Visit CDI at http://www.cdicorp.com/. As part of CDI Engineering Solutions, CDI-Aerospace provides a full range of consultative, design, engineering, outsourcing and staffing solutions to the commercial / military aerospace and satellite industries through three core service lines: Mechanical Design & Drafting, Analysis and Technical Support. Learn more at http://www.cdi-aero.com/.

Caution Concerning Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address expectations or projections about the future are forward-looking statements. Some of the forward-looking statements can be identified by words like "anticipates," "believes," "expects," "may," "will," "could," "should" and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions that are difficult to predict. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: changes in general economic conditions and levels of capital spending by customers in the industries that we serve; competitive market pressures; the availability and cost of qualified labor; our level of success in attracting, training, and retaining qualified management personnel and other staff employees; changes in customers' attitudes towards outsourcing; our performance on customer contracts; and government policies or judicial decisions adverse to our businesses. More detailed information about some of these risks and uncertainties may be found in our filings with the SEC, particularly in the "Risk Factors" section of our Form 10-K's.

CDI Corp.

CONTACT: Vincent J. Webb, VP, Communications & Marketing of CDI Corp.,
+1-215-636-1240, vince.webb@cdicorp.com

Web site: http://www.cdicorp.com/
http://www.cdi-aero.com/

National Instruments Reports Record Quarterly RevenueSystem-Level Orders Drive Q2 Revenue of $210 Million, Up 17 Percent Year-Over-Year

AUSTIN, Texas, July 29, 2008 /PRNewswire-FirstCall/ -- National Instruments reported record quarterly revenue of $210.5 million, up 17 percent year-over-year, in the second quarter of 2008. This was at the high end of NI's guidance of between $198 million and $210 million. For the first half of 2008, the company reported revenue growth of 15 percent as compared to the first half of 2007.

Net income for Q2 2008 was $24.7 million, up 19 percent from Q2 last year, representing diluted earnings per share (EPS) of $0.31. Net margin was 12 percent in line with Q2 last year. Non-GAAP net income was $29.1 million, up 17 percent from Q2 last year, with fully diluted EPS of $0.37. Non-GAAP net margin was 14 percent in line with Q2 last year. The company's non-GAAP results exclude the impact of both stock-based compensation and the amortization of acquisition-related intangibles. Reconciliations of the company's GAAP and non-GAAP results are included as part of this news release.

"Our R&D investment in system-level platforms like PXI and CompactRIO helped drive the accelerated growth of our large orders in Q2, leading to record revenue and 17 percent revenue growth," said Dr. James Truchard, NI president and CEO. "Our expanding product portfolio combined with our commitment to grow the field sales force should help us continue to expand into new application areas."

NI virtual instrumentation and graphical system design products, which represent more than 90 percent of the company's product portfolio, had 19 percent year-over-year revenue growth in Q2 2008. The performance of these products relative to the global PMI improved in Q2 and has been steadily improving over the last seven quarters. This underscores the company's strategy of strong investment in R&D and field sales force expansion to drive new product success.

"I am pleased with the continued double-digit revenue growth of the company despite the significant weakening of the global industrial economy," said Alex Davern, NI CFO. "Our strong competitive position and long-term investment strategy have allowed us to take the current industrial slowdown in stride as we continue to expand our sales force to benefit from the eventual recovery in the industrial economy. Our confidence in our ability to continue to drive good systems growth is reflected in our guidance for Q3 and Q4."

Geographically, revenue in U.S. dollar terms for Q2 2008 compared to Q2 2007 was up 6 percent in the Americas, up 29 percent in Europe and up 25 percent in Asia, equaling overall growth of 17 percent. In local currency terms, revenue was up 10 percent in Europe and 19 percent in Asia.

During the quarter, the company capitalized $6.1 million of software development costs and amortized $2.5 million to cost of goods sold. For the first six months of the year, NI capitalized $7.6 million of software development costs and amortized $5.0 million to cost of goods sold. For the first six months of last year, the company capitalized $6 million of software development costs and amortized $4.3 million to cost of goods sold.

As of June 30, 2008, the company had $248 million in net cash and short-term investments, up $11 million from March 30, 2008. During the quarter, the company used $8.7 million for the payment of dividends and $8.6 million to repurchase 269,950 shares of its common stock at an average price of $31.72 per share. The NI Board of Directors declared a dividend of $0.11 per share on its common stock payable on Sept. 2, 2008, to shareholders of record on Aug. 11, 2008.

Q2 2008 Highlights -- Record quarterly revenue of $210.5 million, up 17.3 percent year-over-year -- Net income of $24.7 million, up 19 percent year-over-year -- Non-GAAP net income of $29.1 million, up 17 percent year-over-year -- Record revenue for USB data acquisition, industrial communications, modular instruments and the PXI platform -- Strong growth of NI CompactRIO hardware and NI software and services -- Cash and short-term investments of $248 million Guidance for Q3 and Q4 2008

For Q3 2008, NI currently expects revenue to be in the range of $208 million to $218 million. This is equivalent to year-over-year revenue growth of between 13 percent and 18 percent. The company currently expects that GAAP fully diluted EPS will be in the range of $0.25 to $0.33 per share for Q3, with non-GAAP fully diluted EPS expected to be in the range of $0.31 to $0.39 per share.

For Q4, NI currently expects revenue to be in the range of $231 million to $245 million. This is equivalent to year-over-year revenue growth of between 13 percent and 20 percent. The company currently expects that GAAP fully diluted EPS will be in the range of $0.38 to $0.47 per share for Q4, with non-GAAP fully diluted EPS expected to be in the range of $0.44 to $0.53 per share.

In Q3 and Q4 2008, the company expects the impact of stock-based compensation and the impact of the amortization of acquisition-related intangibles, including the recent acquisition of microLEX, to be $0.06 per share. A reconciliation of the company's Q3 and Q4 2008 guidance on a GAAP basis to its guidance on a non-GAAP basis is included as part of this news release.

Non-GAAP Earnings Presentation and Non-GAAP Earnings Guidance

In addition to disclosing results determined in accordance with GAAP, NI discloses certain non-GAAP operating results that exclude certain charges. In this news release, the company has presented its gross profit, operating margin, net income and diluted EPS results for Q2 2008 and Q2 2007 and its guidance for Q3 2008 and Q4 2008, in each case on a GAAP and non-GAAP basis. When presenting non-GAAP results, the company includes a reconciliation of the non-GAAP results to the results under GAAP.

Management believes that including the non-GAAP results assists investors in assessing the company's operational performance and its performance relative to its competitors. The company presents these non-GAAP results as a complement to results provided in accordance with GAAP, and these results should not be regarded as a substitute for GAAP. Management uses these non-GAAP measures to manage and assess the profitability and performance of its business and does not consider stock-based compensation expense or amortization of acquired intangibles that are all non-cash charges in managing its operations. Specifically, management uses non-GAAP measures to plan and forecast future periods, to establish operational goals, to compare with its business plan and individual operating budgets, to measure management performance for purposes of executive compensation including payments to be made under bonus plans, to assist the public in measuring the company's performance relative to the company's long-term public performance goals, to allocate resources and, relative to the company's historical financial performance, to enable comparability between periods.

Management also considers such non-GAAP results to be an important supplemental measure of its performance. The economic substance behind management's decision to use such non-GAAP measures relates to these charges being non-cash in nature and being a useful measure of the potential future performance of the company's business.

In line with common industry practice and to help enable comparability with other technology companies, the company's non-GAAP presentation excludes the impact of both stock-based compensation and the amortization of acquisition-related intangibles. Other companies may calculate non-GAAP results differently than the company, limiting its usefulness as a comparative measure. In addition, such non-GAAP measures may exclude financial information that some may consider important in evaluating the company's performance. Management compensates for the foregoing limitations of non-GAAP measures by presenting certain information on both a GAAP and non-GAAP basis and providing reconciliations of these certain GAAP and non-GAAP measures.

Interested parties can listen to a conference call today, July 29, beginning at 4:00 p.m. CDT, at http://www.ni.com/call. Replay information is available by calling (719) 457-0820, confirmation code #9418275, from July 29 at 7:00 p.m. CDT through August 5 at midnight CDT.

This release contains "forward-looking statements," including statements related to the company's product portfolio expansion and the growth of the NI field sales force being key to continuing expansion into new application areas; investment in R&D and sales force expansion by NI driving new product success; NI expansion of its sales force to benefit from eventual recovery in the industrial economy; systems growth; and NI guidance for Q3 2008 and Q4 2008, including, as applicable, revenue, GAAP and non-GAAP diluted EPS, the estimated impact of stock-based compensation and acquisition-related intangibles. These statements are subject to a number of risks and uncertainties, including the risk of further adverse changes in the global economy, delays in the release of new products, fluctuations in customer demand for NI products, manufacturing inefficiencies and foreign exchange fluctuations. Actual results may differ materially from the expected results. The company directs readers to documents filed with the SEC for other risks associated with the company's future performance.

About National Instruments

National Instruments (http://www.ni.com/) is transforming the way engineers and scientists design, prototype and deploy systems for measurement, automation and embedded applications. NI empowers customers with off-the-shelf software such as NI LabVIEW and modular cost-effective hardware, and sells to a broad base of more than 25,000 different companies worldwide, with no one customer representing more than 3 percent of revenue and no one industry representing more than 10 percent of revenue. Headquartered in Austin, Texas, NI has more than 4,800 employees and direct operations in nearly 40 countries. For the past nine years, FORTUNE magazine has named NI one of the 100 best companies to work for in America. Readers can obtain investment information from the company's investor relations department by calling (512) 683-5090, e-mailing nati@ni.com or visiting http://www.ni.com/nati.

CompactRIO, LabVIEW, microLEX, National Instruments, NI and ni.com are trademarks of National Instruments. Other product and company names listed are trademarks or trade names of their respective companies.

National Instruments Condensed Consolidated Balance Sheets (in thousands) June 30, December 31, 2008 2007 (unaudited) Assets Current assets: Cash and cash equivalents $222,025 $194,839 Short-term investments 26,317 93,838 Accounts receivable, net 130,183 131,282 Inventories, net 95,674 82,675 Prepaid expenses and other current assets 25,684 23,312 Deferred income taxes, net 21,080 19,264 ---------------------------- Total current assets 520,963 545,210 Long-term investments 10,084 - Property and equipment, net 154,455 151,462 Goodwill, net 65,608 54,111 Intangible assets, net 46,970 40,357 Other long-term assets 30,197 27,672 ---------------------------- Total assets 828,277 818,812 ============================ Liabilities and Stockholders' Equity Current liabilities: Accounts payable 38,949 36,187 Accrued compensation 28,814 25,778 Deferred revenue 41,407 36,091 Accrued expenses and other liabilities 10,466 10,437 Other taxes payable 14,686 16,843 ---------------------------- Total current liabilities 134,322 125,336 Deferred income taxes 22,249 21,221 Other long-term liabilities 12,087 11,169 ---------------------------- Total liabilities 168,658 157,726 ============================ Stockholders' equity: Preferred stock - - Common stock 785 794 Additional paid-in capital 60,246 89,809 Retained earnings 588,398 563,418 Accumulated other comprehensive income 10,190 7,065 ---------------------------- Total stockholders' equity 659,619 661,086 ---------------------------- Total liabilities and stockholders' equity $828,277 $818,812 ============================ National Instruments Condensed Consolidated Statements of Income (in thousands, except per share data) (unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Net sales $210,474 $179,497 $403,392 $351,139 Cost of sales 52,443 44,071 100,690 86,220 ----------------------------------------- Gross profit 158,031 135,426 302,702 264,919 ----------------------------------------- Operating expenses: Sales and marketing 79,726 65,278 154,065 128,858 Research and development 33,188 30,525 68,792 59,761 General and administrative 17,283 15,424 33,945 29,999 ----------------------------------------- Total operating expenses 130,197 111,227 256,802 218,618 ----------------------------------------- Operating income 27,834 24,199 45,900 46,301 Interest income 1,514 2,207 3,651 4,442 Net foreign exchange gain (loss) (313) 341 1,235 530 Other income (expense), net (129) (46) (68) (151) ----------------------------------------- Income before income taxes 28,906 26,701 50,718 51,122 Provision for income taxes 4,172 5,950 8,368 11,321 Net income $24,734 $20,751 $42,350 $39,801 ----------------------------------------- Basic earnings per share $0.32 $0.26 $0.54 $0.50 ----------------------------------------- Diluted earnings per share $0.31 $0.26 $0.53 $0.49 ----------------------------------------- Weighted average shares outstanding - basic 78,484 79,363 78,662 79,601 ----------------------------------------- diluted 79,549 80,788 79,691 81,009 ----------------------------------------- Dividends declared per share $0.11 $0.07 $0.22 $0.14 ----------------------------------------- National Instruments Condensed Consolidated Statements of Cash Flows (in thousands) Six Months Ended June 30, June 30, 2008 2007 (unaudited) (unaudited) Cash flow from operating activities: Net income $42,350 $39,801 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 19,852 18,208 Stock-based compensation 9,662 8,339 Provision for (benefit from) deferred income taxes (3,585) 731 Tax benefit from stock option plans (492) (2,030) Changes in operating assets and liabilities: Accounts receivable 3,524 660 Inventories (12,894) 1,686 Prepaid expenses and other assets (839) (9,755) Accounts payable 2,425 1,560 Deferred revenue 5,316 5,653 Taxes and other liabilities 3,008 5,301 ----------------------- Net cash provided by operating activities 68,327 70,154 ----------------------- Cash flow from investing activities: Capital expenditures (12,382) (11,713) Capitalization of internally developed software (7,585) (6,013) Additions to other intangibles (1,072) (4,355) Acquisition, net of cash received (17,310) - Purchases of short-term and long-term investments (17,245) (37,454) Sales and maturities of short-term and long-term investments 74,682 107,923 Purchases of foreign currency option contracts (2,784) - ----------------------- Net cash provided by (used in) investing activities 16,304 48,388 ----------------------- Cash flow from financing activities: Proceeds from issuance of common stock 17,077 19,642 Repurchase of common stock (57,644) (67,956) Dividends paid (17,370) (11,165) Tax benefit from stock option plans 492 2,030 ----------------------- Net cash provided by (used in) financing activities (57,445) (57,449) ----------------------- Net change in cash and cash equivalents 27,186 61,093 Cash and cash equivalents at beginning of period 194,839 100,287 ----------------------- Cash and cash equivalents at end of period $222,025 $161,380 =======================

Detail of GAAP charges related to stock-based compensation and amortization of acquisition intangibles (unaudited)

Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 ------- ------- ------- ------- Stock-based compensation Cost of sales $270 $236 $515 $420 Sales and marketing 2,084 1,892 4,090 3,415 Research and development 1,566 1,597 3,293 2,954 General and administrative 797 741 1,551 1,334 ------- ------- ------- ------- Provision for income taxes (1,141) (944) (2,224) (1,690) ------- ------- ------- ------- Total $3,576 $3,522 $7,225 $6,433 ------- ------- ------- ------- Amortization of acquisition intangibles Cost of sales $937 $678 $1,788 $1,355 Sales and marketing 156 111 297 224 Research and development 5 9 13 16 General and administrative - - - - ------- ------- ------- ------- Provision for income taxes (293) (217) (561) (471) ------- ------- ------- ------- Total $805 $581 $1,537 $1,124 ------- ------- ------- ------- National Instruments Reconciliation of GAAP to Non-GAAP Measures (in thousands, except per share data) (unaudited) Reconciliation of Gross Profit to Non-GAAP Gross Profit Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 -------- -------- -------- -------- Gross profit, as reported $158,031 $135,426 $302,702 $264,919 Stock-based compensation 270 236 515 420 Amortization of acquisition intangibles 937 678 1,788 1,355 -------- -------- -------- -------- Non-GAAP gross profit $159,238 $136,340 $305,005 $266,694 ======== ======== ======== ======== Reconciliation of Operating Income to Non-GAAP Operating Income Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 -------- -------- -------- -------- Operating income, as reported $27,834 $24,199 $45,900 $46,301 Stock-based compensation 4,717 4,466 9,449 8,123 Amortization of acquisition intangibles 1,098 798 2,098 1,595 -------- -------- -------- -------- Non-GAAP operating income $33,649 $29,463 $57,447 $56,019 ======== ======== ======== ========

Reconciliation of Income before income taxes to Non-GAAP Income before income taxes

Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 -------- -------- -------- -------- Income before income taxes, as reported $28,906 $26,701 $50,718 $51,122 Stock-based compensation 4,717 4,466 9,449 8,123 Amortization of acquisition intangibles 1,098 798 2,098 1,595 -------- -------- -------- -------- Non-GAAP income before income taxes $34,721 $31,965 $62,265 $60,840 ======== ======== ======== ========

Reconciliation of Provision for Income Taxes to Non-GAAP Provision for Income Taxes

Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 -------- -------- -------- -------- Provision for income taxes, as reported $4,172 $5,950 $8,368 $11,321 Stock-based compensation 1,141 944 2,224 1,690 Amortization of acquisition intangibles 293 217 561 471 -------- -------- -------- -------- Non-GAAP provision for income taxes $5,606 $7,111 $11,153 $13,482 ======== ======== ======== ========

Reconciliation of Net Income and Diluted EPS to Non-GAAP Net Income and Non-GAAP Diluted EPS

Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 ------------------------------------- Net income, as reported $24,734 $20,751 $42,350 $39,801 Adjustments to reconcile net income to non-GAAP net income: Stock-based compensation, net of tax effect 3,576 3,522 7,225 6,433 Amortization of acquisition intangibles, net of tax effect 805 581 1,537 1,124 ------------------------------------- Non-GAAP net income $29,115 $24,854 $51,112 $47,358 ===================================== Basic EPS, as reported $0.32 $0.26 $0.54 $0.50 Adjustment to reconcile basic EPS to non-GAAP basic EPS: Impact of stock-based compensation, net of tax effect $0.04 $0.04 $0.09 $0.08 Impact of amortization of acquisition intangibles, net of tax effect $0.01 $0.01 $0.02 $0.01 ------------------------------------- Non-GAAP basic EPS $0.37 $0.31 $0.65 $0.59 ===================================== Diluted EPS, as reported $0.31 $0.26 $0.53 $0.49 Adjustment to reconcile diluted EPS to non-GAAP diluted EPS: Impact of stock-based compensation, net of tax effect $0.05 $0.04 $0.09 $0.08 Impact of amortization of acquisition intangibles, net of tax effect $0.01 $0.01 $0.02 $0.01 ------------------------------------- Non-GAAP diluted EPS $0.37 $0.31 $0.64 $0.58 ===================================== Weighted average shares outstanding - Basic 78,484 79,363 78,662 79,601 ------------------------------------- Diluted 79,549 80,788 79,691 81,009 ------------------------------------- Reconciliation of GAAP diluted EPS guidance to Non-GAAP diluted EPS for Q3 and Q4 2008 Q3 2008 Q4 2008 Range of diluted GAAP net earnings per share $0.25 - $0.33 $0.38 - $0.47 Estimated stock based compensation and amortization of acquired intangibles $0.06 $0.06 Range of diluted Non-GAAP net earnings per share $0.31 - $0.39 $0.44 - $0.53 Contacts: Veronica Garza Investor Relations (512) 683-6873

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PRN Photo Desk, photodesk@prnewswire.com National Instruments

CONTACT: Veronica Garza, Investor Relations of National Instruments,
+1-512-683-6873

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

Image Sensing Systems Announces Second Quarter Financial Results

SAINT PAUL, Minn., July 29 /PRNewswire-FirstCall/ -- Image Sensing Systems, Inc. , announced today record financial results for its second quarter ended June 30, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050512/CGISSLOGO)

Net income for the quarter ended June 30, 2008 was $1.2 million ($0.30 per fully diluted share) compared to $702,000 ($0.18 per fully diluted share) for the same period in 2007. Net income for the first half of 2008 was $2.3 million ($0.57 per diluted share) compared to $1.3 million ($0.32 per diluted share) for the same period in 2007.

Revenue for the second quarter was $6.7 million compared to $3.0 million for the same period a year ago, while revenue for the first half of 2008 was $12.6 million compared to $5.7 million for the same period a year ago. Revenue from royalties increased 46% to $3.4 million from $2.3 million in the second quarter of 2007 and 36% to $6.3 million in the first half from $4.6 million in the first half of 2007, reflecting the continued success of our North American distributor, Econolite Control Products, Inc. (ECPI), in selling Autoscope(R) products in the United States and Canada. North American sales, which are sales of RTMS(R) in North America, were $1.9 million for the second quarter and $3.5 million for the first half of 2008. International sales, which include both Autoscope and RTMS sales outside of North America, were $1.4 million in the second quarter, a 96% increase over $736,000 in the same period in 2007, and $2.8 million in the first half, a 157% increase over $1.1 million in the same period of 2007. Sales of RTMS world-wide for the quarter were $2.4 million. We acquired the RTMS family of products in December 2007.

On a non-GAAP basis for the second quarter, excluding intangible asset amortization net of tax, net income increased 91% to $1.3 million ($0.34 per fully diluted share) and operating income increased 140% to $1.9 million as compared to the comparable quarter of 2007. On a non-GAAP basis for the first half, net income increased 101% to $2.5 million ($0.63 per fully diluted share) and operating income increased 150% to $3.6 million as compared to the same period of 2007.

Ken Aubrey, CEO, said, "We completed a strong first half of 2008. We began shipping RTMS G4 in Q2 and saw continued growing acceptance of the Autoscope Terra platform. All in all, we believe the integration of the EIS asset purchase and final Terra transition matters are progressing on schedule."

Follow-on Offering Update

We have received a comment letter from the Securities and Exchange Commission (SEC) on our Form S-1 registration statement that was originally filed in May. We expect that upon making the changes requested by the SEC in an amendment we would be in position to have the offering declared effective. However, given our recent share price range, we believe that proceeding with an offering at this time is not in the best interests of our shareholders. Additionally, we do not view current stock market conditions as favorable nor do we foresee the need for increased working capital at present. We continue to believe there are significant benefits to a follow-on offering and contemplate pursuing an offering when market conditions change. Please see the disclaimer below.

Auction Rate Security Update

We continue to hold $5.4 million in face value of student loan backed auction rate securities (ARS), substantially all of which are Federal government backed under the Federal Family Education Loan Program. All auctions since mid-February involving our ARS have failed. We believe that the underlying credit quality of the ARS is excellent and that the main problem remains illiquidity. Our updated analysis of the ARS fair value indicates there is a temporary impairment of $318,000 ($210,000 net of tax). The ARS are classified as long-term assets at June 30, 2008. This unrealized loss does not flow through our income statement, rather it is recorded directly to shareholders' equity as a component of accumulated other comprehensive income/loss. There is uncertainty in the ARS market and, should circumstances change, we may deem the impairment to be other than temporary or otherwise adjust our analysis.

Non-GAAP Information

We provide certain non-GAAP financial information as supplemental information to GAAP amounts. This non-GAAP information excludes the impact, net of tax, of amortizing the intangible assets from the EIS asset purchase that occurred in December 2007. Management believes that this presentation facilitates the comparison of our current operating results to historical operating results. Management uses this non-GAAP information to evaluate short-term and long-term operating trends in our core operations. Non-GAAP information is not prepared in accordance with GAAP and should not be considered a substitute for or an alternative to GAAP financial measures and may not be computed the same as similarly titled measures used by other companies.

About Image Sensing

Image Sensing Systems, Inc. is a technology company specializing in software-based detection solutions for the Intelligent Transportation Systems (ITS) sector and adjacent overlapping markets. Our industry leading computer enabled detection (CED) products, including the Autoscope(R) machine-vision family and the RTMS(R) radar family, combine embedded software signal processing with sophisticated sensing technologies for use in transportation and safety/surveillance management. CED is a group of technologies in which software, rather than humans, examines the outputs of complex sensors to determine what is happening in the field of view in real-time. With more than 80,000 instances sold in over 60 countries worldwide, our depth of experience coupled with breadth of product portfolio uniquely positions us to provide powerful hybrid technology solutions and to exploit the convergence of the traffic, security and environmental management markets. We are headquartered in St. Paul, Minnesota. Visit us on the web at http://www.imagesensing.com/.

Safe Harbor Statement: Statements made in this release concerning the Company's or management's intentions, expectations, or predictions about future results or events are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect management's current expectations or beliefs, and are subject to risks and uncertainties that could cause actual results or events to vary from stated expectations, which variations could be material and adverse. Factors that could produce such a variation include, but are not limited to, the following: the inherent unreliability of earnings, revenue and cash flow predictions due to numerous factors, many of which are beyond the Company's control; developments in the demand for the Company's products and services; relationships with the Company's major customers and suppliers; unanticipated delays, costs and expenses inherent in the development and marketing of new products and services; the impact of governmental laws and regulations; and competitive factors. Our forward-looking statements speak only as of the time made, and we assume no obligation to publicly update any such statements. Additional information concerning these and other factors that could cause actual results and events to differ materially from the Company's current expectations are contained in the Company's reports and other documents filed with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2007.

Disclaimer: A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Image Sensing Systems, Inc. Condensed Consolidated Statements of Income (in thousands, except per share information) (unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenue Royalties $3,373 $2,304 $6,265 $4,595 North American sales 1,923 - 3,548 - International sales 1,446 736 2,801 1,089 6,742 3,040 12,614 5,684 Cost of revenue Cost of sales 1,406 288 2,608 415 Gross profit 5,336 2,752 10,006 5,269 Operating expenses Selling, marketing and product support 1,660 876 2,993 1,561 General and administrative 1,015 552 1,903 1,122 Research and development 765 534 1,466 1,128 Amortization of intangible assets 192 - 384 - 3,632 1,962 6,746 3,811 Income from operations 1,704 790 3,260 1,458 Other income, net 23 142 64 280 Income before income taxes 1,727 932 3,324 1,738 Income taxes 512 230 1,053 480 Net income $1,215 $702 $2,271 $1,258 Net income per common share Basic $0.31 $0.18 $0.58 $0.33 Diluted $0.30 $0.18 $0.57 $0.32 Weighted average shares outstanding Basic 3,929 3,779 3,929 3,776 Diluted 3,999 3,874 4,013 3,880 Image Sensing Systems, Inc. Condensed Consolidated Statements of Income Reconciliation of GAAP to non-GAAP basis (in thousands, except per share information) (unaudited) GAAP Non-GAAP basis adjustments basis Quarter ended June 30, 2008 Revenue $6,742 $- $6,742 Cost of revenue 1,406 - 1,406 Gross profit 5,336 - 5,336 Operating expenses 3,632 (192)(1) 3,440 Income from operations 1,704 192 1,896 Other income, net 23 - 23 Income before income taxes 1,727 192 1,919 Income taxes 512 65 (2) 577 Net income $1,215 $127 $1,342 Basic net income per share $0.31 $0.34 Diluted net income per share $0.30 $0.33 Weighted shares - basic 3,929 3,929 Weighted shares - diluted 3,999 3,999 GAAP Non-GAAP basis adjustments basis Six months ended June 30, 2008 Revenue $12,614 $- $12,614 Cost of revenue 2,608 - 2,608 Gross profit 10,006 - 10,006 Operating expenses 6,746 (384)(1) 6,362 Income from operations 3,260 384 3,644 Other income, net 64 - 64 Income before income taxes 3,324 384 3,708 Income taxes 1,053 130 (2) 1,183 Net income $2,271 $254 $2,525 Basic net income per share $0.58 $0.64 Diluted net income per share $0.57 $0.63 Weighted shares - basic 3,929 3,929 Weighted shares - diluted 4,013 4,013 Notes to adjustments (1) Intangible asset amortization for the period (2) Income tax expense impact of (1) at ISS' marginal tax rate of 34% Image Sensing Systems, Inc. Condensed Consolidated Balance Sheet (in thousands) (unaudited) June 30, December 31, 2008 2007 Assets Current assets Cash and cash equivalents $7,333 $10,876 Receivables, net 5,706 4,997 Inventories 2,034 1,579 Prepaid expenses and deferred taxes 672 370 15,745 17,822 Property and equipment, net 698 700 Investments, net of valuation allowance (restricted) 5,082 - Deferred income taxes 1,849 1,676 Goodwill and intangible assets, net 9,756 10,140 $33,130 $30,338 Liabilities and Shareholders' Equity Current liabilities Accounts payable and accrued expenses $2,342 $2,029 Bank debt, current 1,000 5,000 Income taxes payable 446 - 3,788 7,029 Bank debt, long-term 3,834 - Income taxes payable - 84 Shareholders' equity 25,508 23,225 $33,130 $30,338 Image Sensing Systems, Inc. Condensed Consolidated Statement of Cash Flows (in thousands) (unaudited) Six-Month Period Ended June 30, 2008 2007 Operating activities Net income $2,271 $1,258 Adjustments to reconcile net income to net cash provided by (used in) operations Depreciation and amortization 573 123 Stock option expense 159 73 Changes in operating assets and liabilities (798) (2,483) Net cash provided by (used in) operating activities 2,205 (1,029) Investing activities Purchase of property and equipment, net of disposals (188) (22) Sale (purchase) of investments (5,400) 1,000 Net cash provided by (used in) investing activities (5,588) 978 Financing activities Repayment of bank debt (166) - Proceeds from exercise of stock options 6 33 Net cash provided by (used in) financing activities (160) 33 Increase (decrease) in cash and cash equivalents (3,543) (18) Cash and cash equivalents, beginning of period 10,876 11,626 Cash and cash equivalents, end of period $7,333 $11,608

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PRN Photo Desk photodesk@prnewswire.com Image Sensing Systems, Inc.

CONTACT: Greg Smith, Chief Financial Officer of Image Sensing Systems,
Inc., +1-651-603-7700

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

Motorola Declares Quarterly Dividend

SCHAUMBURG, Ill., July 29 /PRNewswire-FirstCall/ -- Motorola, Inc. declared a regular quarterly dividend of 5 cents ($0.05) per share, payable in cash on October 15, 2008 to stockholders of record at the close of business on September 15, 2008.

This will be Motorola's 246th consecutive quarterly dividend. About Motorola

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

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

CONTACT: Media Contact, Jennifer Erickson, +1-847-435-5320,
jennifer.erickson@motorola.com, or Investors, Dean Lindroth, +1-847-576-6899,
dean.lindroth@motorola.com, both of Motorola, Inc.

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

Webcast Alert: Cree, Inc. Announces Fourth Quarter Earnings for 2008

DURHAM, N.C., July 29 /PRNewswire-FirstCall/ -- Cree, Inc. announces the following Webcast:

What: Cree Releases Fourth Quarter Earnings for 2008 When: August 12, 2008 @ 5:00 pm Eastern Where: http://www.videonewswire.com/event.asp?id=50114 How: Live over the Internet -- Simply log on to the web at the address above. Contact: Raiford Garrabrant of Cree, Inc., +919-313-5397.

If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.cree.com/

Audio: http://www.videonewswire.com/event.asp?id=50114 Cree, Inc.

CONTACT: Raiford Garrabrant, Director, Investor Relations, of Cree,
Inc., +1-919-313-5397, or fax, +1-919-313-5615, raiford_garrabrant@cree.com

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

Rent.com Gives Users Access to #1 Online Mover Network, Signs Deal With Moving.com to Power Free Quotes

LOS ANGELES, July 29 /PRNewswire-FirstCall/ -- Starting this month, users of Rent.com, an eBay company, will gain access to the number one online network of moving companies as Moving.com begins to power free moving quotes at the Rent.com Moving Center.

"We are excited about this strategic relationship which will expose consumers who visit Rent.com to an even larger network of quality moving companies that are prescreened, licensed and insured," said Peggy Abkemeier, co-general manager and chief financial officer at Rent.com. "This relationship is the result of a strategic decision by Rent.com enabling us to focus on our core business in rentals while capturing revenue through this arrangement with Moving.com."

Moving.com will power the widget providing free mover quotes on Rent.com, which in turn feeds leads to prescreened moving companies. Unlike some online sites that sell leads many times over to various types of service providers, Moving.com only provides users with information about the services they request.

"We are honored to be chosen by Rent.com to support the Rent.com Moving Center, and we're confident their visitors will appreciate the high level of service Moving.com provides," said Patty Mitchell, senior vice president, consumer media at Move, Inc. "Our agreement will benefit renters and moving companies alike. Renters will gain easy access to high quality movers and the movers who work with us will gain the opportunity to service Rent.com users."

On average, 16 percent of the US population is moving at any given moment and two-thirds are renters (approximately 32.5 million people), making the moving quotation service on Rent.com a valuable tool for renters. Renters have much higher mobility rates than homeowners, with almost one in every three making a move within a one-year period(1).

The next step for renters who have found a new home is to set up moving arrangements. At Rent.com's Moving Center, Moving.com will provide renters with free online quotes for full- or self-service (i.e., movers load and drive vs. customer loads, movers drive), as well as special assistance with transporting autos, pianos, antiques and office equipment.

ABOUT MOVE, INC.

Move, Inc. is the leader in online real estate with 8.33 million(2) monthly visitors to its online network of websites. Move, Inc. operates: Move.com, a leading destination for information on new homes for sale and rental listings, moving, home and garden and home finance; REALTOR.com(R), the official Web site of the National Association of REALTORS(R); Welcome Wagon(R); Moving.com; and TOP PRODUCER(R). Move, Inc. is based in Westlake Village, California, and employs more than 1600 individuals throughout North America. For more information: http://www.move.com/.

ABOUT RENT.COM

Rent.com, an eBay company, is the nation's #1 Internet listing site in the rental housing industry, generating the most renter traffic and verifiable leases. As the top online source for more than 3 million unique visitors per month, Rent.com provides moving services information and detailed descriptions of millions of rentals nationwide, including photos, floor plans, amenities, and virtual tours. Rent.com is dedicated to developing innovative services that bring together renters and rental communities. For more information, visit http://www.rent.com/.

This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

REALTOR(R) and REALTOR.com(R) are registered trademarks of the NATIONAL ASSOCIATION OF REALTORS(R). REALTOR(R) is a federally registered collective membership mark, which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS(R) and subscribes to its strict Code of Ethics. All other trademarks appearing above are the property of Move, Inc., or of their other respective owners.

(1) US Census (2) comScore Media Metrix, May 2008 Contact: Julie Reynolds / Move / 805.557.3080 / julie.reynolds@move.com Victor White / Access Communications / 415.844.6287 / vwhite@accesspr.com (Logo: http://www.newscom.com/cgi-bin/prnh/20080213/MOVEINCLOGO)

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

CONTACT: Julie Reynolds of Move, Inc., +1-805-557-3080,
julie.reynolds@move.com; or Victor White of Access Communications,
+1-415-844-6287, vwhite@accesspr.com, for Move, Inc.

Web site: http://www.move.com/
http://www.rent.com/

Northrop Grumman Files Shelf Registration Statement

LOS ANGELES, July 29 /PRNewswire-FirstCall/ -- Northrop Grumman Corporation announced today that it has filed a shelf registration statement with the Securities and Exchange Commission, registering various securities that may be offered and sold from time to time. This registration statement replaces the company's existing shelf registration statement, which would have expired later this year.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under state securities law.

About Northrop Grumman

Northrop Grumman Corporation is a global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.

Northrop Grumman Corporation

CONTACT: Media, Dan McClain, +1-310-201-3335, or Investors, Gaston Kent,
+1-310-201-3423, both of Northrop Grumman Corporation

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

Virgin Mobile USA to Announce Second Quarter & First Half 2008 Financial Results and Host Conference Call on August 13, 2008

WARREN, N.J., July 29 /PRNewswire-FirstCall/ -- Virgin Mobile USA, Inc. will release its second quarter and first half 2008 financial results after market close on Wednesday, August 13, 2008, and host a related conference call beginning at 5:00 p.m. Eastern Time the same day.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE )

Daniel H. Schulman, Chief Executive Officer, and John D. Feehan Jr., Chief Financial Officer, will review Virgin Mobile USA's second quarter and first half 2008 financial results. Following the review will be a question and answer session. The conference call is expected to last approximately one hour and a simultaneous audio webcast of the call will be available on the Investor Relations section of Virgin Mobile USA's Web site at http://investorrelations.virginmobileusa.com/.

Investors and analysts may participate in the live conference call by dialing 1-888-354-3598 (toll-free domestic) or 1-706-643-8861 (international); passcode: 57434553. Participants should register at least 10 minutes before the conference call begins. A replay of the call will be available for one week via telephone starting approximately two hours after the call ends. The replay can be accessed at 1-800-642-1687 (toll-free domestic) or 1-706-645-9291 (international); passcode: 57434553. The webcast will be archived on Virgin Mobile USA's Web site after the call.

About Virgin Mobile USA, Inc.

Virgin Mobile USA [NYSE: VM], through its operating company Virgin Mobile USA, L.P., offers millions of customers control, flexibility and choice through monthly Plans Without Annual Contracts, with national coverage powered by the Sprint PCS network. Virgin Mobile USA's full slate of smart, stylish and affordable handsets, including the Wild Card, Slash and Flare, are available at approximately 40,000 top retailers nationwide and online at http://www.virginmobileusa.com/, with Top-Up cards available at more than 140,000 locations. Virgin Mobile USA is known for its award-winning customer service with and its customers report a 90% satisfaction rate.

Virgin Mobile USA allows customers to earn free minutes in exchange for viewing advertising content online through the innovative Sugar Mama program; and contributes a portion of profits from downloadable content to The RE*Generation, its pro-social initiative to help homeless youth.

This press release contains certain forward-looking statements and information relating to us that are based on the beliefs of our management as well as assumptions made by, and information currently available to, us. These statements include, but are not limited to, statements about our strategies, plans, objectives, expectations, intentions, expenditures, and assumptions and other statements contained in this document that are not historical facts. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend," "plan" and "project" and similar expressions, as they relate to us are intended to identify forward-looking statements. These statements reflect our current views with respect to future events, are not guarantees of future performance, and involve risks and uncertainties that are difficult to predict. Further, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties discussed in our filings with the Securities and Exchange Commission, copies of which are available on our investor relations website at http://investorrelations.virginmobileusa.com/ and on the SEC website at http://www.sec.gov/. We neither intend nor assume any obligation to update these forward-looking statements, which speak only as of their dates.

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PRN Photo Desk, photodesk@prnewswire.com Virgin Mobile USA, Inc.

CONTACT: Media, Jayne Wallace, +1-908-607-4014,
jayne.wallace@virginmobileusa.com, or Investors, Erica Bolton,
+1-908-607-4108, erica.bolton@virginmobileusa.com, both of Virgin Mobile USA

Web site: http://www.virginmobileusa.com/
http://investorrelations.virginmobileusa.com/

Verizon Wireless Presents HopeLine Law Enforcement Partnership Award to NOBLE's South Florida ChapterNational Organization of Black Law Enforcement Executives Partnered With Verizon Wireless to Collect Phones to Aid Victims of Domestic Violence

BASKING RIDGE, N.J., and NEW YORK, July 29 /PRNewswire/ -- Verizon Wireless, a recognized corporate leader for its commitment to raising awareness of domestic violence, presented the South Florida chapter of the National Organization of Black Law Enforcement Executives (NOBLE) with a HopeLine(R) Law Enforcement Partnership Award today at NOBLE's annual conference in New York. The HopeLine award recognizes members of law enforcement for their work in domestic violence prevention and awareness.

In recognition of the South Florida chapter's efforts, Verizon Wireless will donate $2,500 to Women In Distress, the leading domestic violence services agency in Broward County, Fla.

As part of a nationwide phone collection drive organized by NOBLE, the South Florida chapter collected several hundred no-longer-used wireless phones during the months of May and June. Collection boxes were placed in various police and sheriff's departments, including the Broward County Sheriff's Department, the Miami-Dade Police Department and the Palm Beach Police Department, and officers and the public were invited to donate.

Phones given to HopeLine that can be refurbished are sold for reuse and those without value are disposed of in an environmentally sound way. Proceeds from the HopeLine program are used to provide wireless phones and grants to local shelters and non-profit organizations that focus on domestic violence prevention and awareness.

Since the HopeLine program was created in 1995, Verizon Wireless has supported the domestic violence prevention and awareness efforts of law enforcement and government agencies in communities nationwide. Verizon Wireless' support includes donating wireless phones and service, high-speed BroadbandAccess Internet service and cash grants to prosecutors, detectives and other personnel in local government domestic violence units; sponsoring phone collection drives in cooperation with local sheriff and police departments; and partnering with several states' Attorneys General offices to create campaigns around elder abuse, teen dating and other domestic violence issues.

The HopeLine Law Enforcement Partnership Award honors the efforts of public safety personnel and organizations across the country committed to reducing domestic violence, providing support to victims, raising awareness of the issue and educating communities about domestic violence. Previous HopeLine Law Enforcement Partnership Award honorees include: New Orleans Police Department Superintendent Warren Riley; Chief Gary Gemme of the Worcester, Mass., Police Department; former Florida Attorney General Charlie Crist; and the New Orleans Police Foundation.

For more information, visit http://www.verizonwireless.com/hopeline. About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: Debra Lewis of Verizon Wireless, +1-908-559-7512,
Debra.Lewis@verizonwireless.com

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

The Quantum Group Announces Exclusive Screening of New PWeR(TM) SystemScreening scheduled for Friday, August 1, 2008 at 10 AM

WELLINGTON, Fla., July 29 /PRNewswire-FirstCall/ -- The Quantum Group (http://www.quantummd.com/) has announced that pursuant to the successful launch of the PWeR(TM) system at the Caridad Center, Palm Beach County's largest free clinic, last week, the Company will be hosting an exclusive screening of the enterprise healthcare system. The screening is scheduled to follow the Quantum Annual Shareholder Meeting in Orlando, Florida on Friday, August 1, 2008 at 10:00 AM EDT.

Noel J. Guillama, President & CEO of The Quantum Group, commented, "The PWeR system has been met with great acceptance and excitement. Based on this positive response and numerous requests to preview the system, we have scheduled a screening to follow our Annual Shareholder Meeting. The shareholder meeting is being held at the same location as the Florida Medical Association's (FMA) Annual Expo. Together with our shareholders, Renaissance affiliated providers are invited to attend this screening as are the anticipated 1,000 FMA physician attendees of the FMA Expo."

Pete Martinez, Senior Vice President and Chief Technology & Innovations Officer, has led the development and launch of the PWeR system. Martinez will be conducting the 10:00 AM screening of the system and will hold a question and answer session following the demonstration. Martinez stated, "The common location of our Annual Shareholder Meeting and the FMA expo provides a great opportunity for Quantum to demonstrate the unique capabilities of the PWeR system and the impact it can have in increasing operating efficiencies within the healthcare sector. Enhancing the quality of patient care is the priority of every healthcare provider and we are pleased to bring new technology to the Florida healthcare industry to help meet their primary goals. We look forward to showing our shareholders the result of their continued support and confidence in Quantum."

About The Quantum Group, Inc.

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

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

We have developed leading-edge technology with the creation and deployment of a series of innovative patent-pending initiatives. Through approximately 2,000 healthcare providers and multiple insurance company relationships under management, we are positioned to be a catalyst for change to the Florida healthcare industry.

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

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

The Quantum Group, Inc.

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

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

/C O R R E C T I O N -- Microsoft Corp./In the news release, New Alliances Continue Momentum for Windows Live OneCare, issued earlier today by Microsoft Corp. over PR Newswire, we are advised by the company that the sixth paragraph, second sentence, should read "has received a Checkmark certification" rather than "Checkpoint" as originally issued inadvertently. Complete, corrected release follows:New Alliances Continue Momentum for Windows Live OneCareManufacturers choose Microsoft's all-in-one security suite to help protect and maintain their customers' PCs.

REDMOND, Wash., July 29 /PRNewswire-FirstCall/ -- To address the growing security and management needs of today's new PC user, Microsoft Corp. is working with 11 original equipment manufacturers (OEMs), including Sony Corporation of America and Toshiba Asia Pacific to preinstall trial subscriptions of Windows Live OneCare on select new PCs across North America, Europe and Asia. Windows Live OneCare provides all-in-one security and anti-malware protection for consumers and small businesses along with tools that automate and simplify PC management and performance.

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

"Microsoft and Sony share the same goal of helping our customers get the most from their PC experience," said Xavier Lauwaert of VAIO product marketing at Sony Electronics. "Through this alliance, Windows Live OneCare will provide our customers with a simple solution to help them maintain and secure their new PC."

Consumers in more than 12 countries can now better protect and maintain their new PC with a free trial of Windows Live OneCare with the following hardware providers:

-- MDG Computers Canada Inc. -- LEO Gesellschaft fur Computer & Kommunikation mbH -- WORTMANN AG -- OLIDATA S.p.A. -- Hyrican Informationsysteme AG -- Sotec Company Ltd. -- TICNOVA QUALITY TEAM, S.L. -- Sony Corporation of America -- Toshiba Asia Pacific

"Consumers have told us they want an easier, more automated experience with the security and overall health of their PCs," said Amy Barzdukas, senior director of Windows Live OneCare at Microsoft. "Through these alliances, we are addressing the needs of new PC users who want to easily protect, backup and maintain their new PC right out of the box."

Easy PC Management and Certified Protection

As consumer demand for new PCs continues to rise, so does the need for an effective solution that helps optimize and secure today's advanced hardware. From setting up a wireless home network and centralizing photo and document backup to eliminating unused programs that can slow down system boot time, Windows Live OneCare provides the all-in-one solution consumers need to simplify management, security and care of multiple PCs.

Consumers also can find peace of mind knowing that Windows Live OneCare is certified by ICSA Labs, an industry authority for research, intelligence and certification testing of security products. In addition, Windows Live OneCare has received a Checkmark certification from West Coast Labs, recognized as a leading standard in the United States and the de facto standard in Europe for security product certification and testing to real-world standards. Windows Live OneCare also works with built-in features in Windows Vista such as Parental Controls to enhance the Windows experience.

About Windows Live OneCare

Windows Live OneCare is available at local computer stores as well as via the Internet for an estimated retail price of $49.95 (U.S.), with each license covering up to three computers. Windows Live OneCare is available in 20 countries and in eight languages. Additional information and a free 90-day trial of Windows Live OneCare are available at http://onecare.live.com/.

About Microsoft

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

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

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

Advanced RF and Mixed-Signal Solutions from Mercury Computer Systems Deliver Unsurpassed Tuning Speeds and Best-in-Class Signal IntegrityThe comprehensive Echotek Series product family is Mercury-designed, built, and proven to provide customized, high performance with COTS reliability for a growing range of network-centric applications

CHELMSFORD, Mass., July 29 /PRNewswire-FirstCall/ -- Highly reliable data acquisition is critical to embedded radar and signals intelligence (SIGINT) applications, in which the origin or location of signals of interest must be identified in real time to enable rapid analysis and action. For these network-centric operations, sensors and communications modules are increasingly migrating to smaller, self-contained platforms, posing new challenges that position RF and mixed-signal receivers and transmitters to be as critical to the solution as computing.

The Echotek Series(R) RF and mixed-signal solutions from Mercury Computer Systems (http://www.mc.com/echotek) provide unsurpassed tuning speeds and best-in-class signal integrity, and enable a comprehensive range of narrowband, wideband, and ultra-wideband tuning and receiving capabilities for the most challenging communications intelligence (COMINT), electronic intelligence (ELINT), electronic warfare (EW), radar, and other sensor-based applications.

One of Mercury's most powerful offerings is the Echotek Series ECV4 family of Two/Four-Channel FPGA-Based PMC/XMC/6U Digital Receivers, which implements a flexible FPGA-based architecture in a space-efficient PMC/XMC and 6U form factor. Each member of the ECV4 family provides unique I/O connectivity and functionality, high-speed A/D conversion, and resolution from 8 to 16 bits. Optimized for wideband or narrowband multi-channel data processing, these receivers provide multiple configurations and ruggedization levels for a variety of end-user missions, and are available in either air-cooled or conduction-cooled versions.

"We've leveraged the unparalleled tuning and receiving capabilities of our Echotek products into a growing number of embedded COTS-based, network-centric computing solutions for our customers," said Randy Dean, Vice President of Integrated Solutions at Mercury Computer Systems, Inc. "With Mercury's supreme expertise in system engineering, we can offer customers the best possible signal processing performance using the best-suited COTS components from Mercury and third-party suppliers. For example, we implemented a highly integrated system, including a mix of FPGA and ASIC processors and VME and VPX backplanes, into a 6U chassis with the Mercury software environment and Echotek tuners and receivers. This system exceeded compute performance levels for our customer and is a prime example of Mercury's unique value-add in the embedded computing industry."

For more information on the Mercury Echotek Series RF and mixed-signal solutions, visit http://www.mc.com/echotek. For more information on Mercury's system integration services, visit http://www.mc.com/solutions, or contact Mercury at info@mc.com or 866-627-6951.

Mercury Computer Systems, Inc. -- Where Challenges Drive Innovation(TM)

Mercury Computer Systems provides specialized, high-performance computing systems and software designed for complex HPC and embedded applications in a range of industries that include aerospace and defense, telecommunications, medical imaging, semiconductor, EDA, and more. Our products blend unmatched expertise in algorithm optimization and silicon design with software application knowledge and industry-standard technologies.

Mercury's comprehensive, purpose-built solutions capture, process, and present data for the world's largest medical imaging companies, 8 of the 10 top defense prime contractors, and other leading Fortune 500 and mid-market companies in semiconductor, energy, telecommunications, and other industries. Our dedication to performance excellence and collaborative innovation continues a 25-year history in enabling customers to gain the competitive advantage they need to stay at the forefront of the markets they serve.

Mercury (http://www.mc.com/) is based in Chelmsford, Massachusetts, and serves customers worldwide through a broad network of direct sales offices, subsidiaries, and distributors. We are listed on the Nasdaq Global Select Market .

Forward-Looking Safe Harbor Statement

This press release may contain certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to Echotek Series products or Mercury's system integration services. You can identify these statements by our use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geo-political unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, continued funding of defense programs, the timing of such funding, changes in the U.S. Government's interpretation of federal procurement rules and regulations, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, and difficulties in retaining key customers. These risks and uncertainties also include such additional risk factors as are discussed in the Company's recent filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2007. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

Echotek is a registered trademark and Challenges Drive Innovation is a trademark of Mercury Computer Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.

Contacts: William Ceccherini, Director and Business Manager Echotek Administration Mercury Computer Systems, Inc./Echotek 256-489-0483 / wceccher@mc.com Randall W. Dean, Vice President of Integrated Solutions Advanced Computing Solutions Mercury Computer Systems, Inc. 978-967-1493 / rdean@mc.com Kathy Sniezek, Public Relations Manager Mercury Computer Systems, Inc. 978-967-1126 / ksniezek@mc.com

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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Mercury Computer Systems, Inc.

CONTACT: William Ceccherini, Director and Business Manager of Echotek
Administration, for Mercury Computer Systems, Inc. and Echotek,
+1-256-489-0483, wceccher@mc.com; or Randall W. Dean, Vice President of
Integrated Solutions and Advanced Computing Solutions, +1-978-967-1493,
rdean@mc.com, or Kathy Sniezek, Public Relations Manager, +1-978-967-1126,
ksniezek@mc.com, both of Mercury Computer Systems, Inc.

Web site: http://www.mc.com/
http://www.mc.com/echotek
http://www.mc.com/solutions

comScore Sponsors Planting of More Than One Million Trees in Developing Nations as Part of Its Panel Recruitment Program'Trees for Knowledge' Initiative Announced at Dedication of the Company's New Global Headquarters in Reston, VA

RESTON, Va., July 29 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today announced a major initiative, "comScore Trees for Knowledge," a partnership with the non-profit organization Trees for the Future. comScore's initial donation will support the planting of one million trees in developing communities throughout the world as part of the incentive program that comScore uses to recruit and retain Internet users in its global panel. Under this initiative, comScore has also pledged to continue to make donations when new panel members join and remain active in the panel. The cost for this program is consistent with comScore's historical and projected panel recruitment expense.

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

"It's exciting to offer new comScore panelists the opportunity to participate in the comScore Trees for Knowledge program," said Dr. Magid M. Abraham, President and CEO of comScore. "The comScore Internet user panel is the foundation of our business and the insights that our panelists provide is vital to the overall knowledge of global digital media usage. We believe the Tree for Knowledge program allows our panelists to make a dual contribution to increased Internet knowledge and a better environment."

comScore's research reports are derived from its global panel and are used by marketers, publishers, advertising agencies and financial analysts to better understand the rapidly evolving trends in Internet and mobile activity.

Since 1988, Trees for the Future has helped thousands of communities in Central America, Africa, and Asia improve their livelihoods and their environment by planting nearly 50 million trees. Trees for the Future calculates that each mature tree removes approximately 50 pounds of carbon dioxide from the atmosphere each year. The program is also active in the U.S., educating students and communities about global issues, the environment, and energy efficiency.

comScore Global Headquarters Dedicated

comScore formally opened its new 62,000 sq. ft. global headquarters in Reston, VA on Tuesday, July 29 with a ceremony attended by nearly 500 clients, invited guests, and employees, both in person and via video feed at office locations around the globe. The Reston headquarters facility is the hub of a nine office comScore network, including Chicago, New York, San Francisco, Seattle, Toronto, London, Paris and Tokyo, which houses comScore executives serving over 1,000 clients around the world.

"The opening of our new global headquarters marks another milestone that comScore has recently achieved," said Dr. Abraham at the opening. "We recently hired our 500th employee, and signed our 1000th client, and are now announcing this initiative to directly support the planting of one million trees. comScore also crossed the $100 million annual revenue threshold in the last 12 months. It is within the context of this significant expansion in all phases of our business that we required more space and facilities designed specifically for our needs."

The new headquarters features state-of-the-art equipment created to complement comScore's culture as an innovative digital company. Features include a gigabit wired and wireless network to provide the highest connection speeds available throughout the building and datacenter, the latest generation in office lighting to provide significant reduction in power usage while promoting superior light for computer work, and cubicle design built for collaboration and discussion.

Speakers at the grand opening included comScore President and CEO, Dr. Magid Abraham, client Anita Bizzotto, CMO for the United States Postal Service, and Gorav Seth, International Programs Manager for Trees for the Future.

For more information about comScore Trees for Knowledge or join the comScore panel, please visit: http://www.comscore.com/trees

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/.

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

CONTACT: Sarah Radwanick of comScore, Inc., +1-312-775-6538,
press@comscore.com

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

Verizon Awards $75,000 Grant to Provide Washington Teachers With Training to Use Thinkfinity.org's Free Online ResourcesThinkfinity.org Now Also Offers Additional Free Educational Resources for Parents, Students and After-School Programs

TACOMA, Wash., July 29 /PRNewswire/ -- The Office of Superintendent of Public Instruction (OSPI) received a $75,000 grant Tuesday (July 29) from the Verizon Foundation to raise awareness and train teachers throughout the state to use thousands of free educational resources available on Thinkfinity.org.

Thinkfinity.org is the Verizon Foundation's comprehensive online portal to more than 55,000 educational and literacy resources for teachers, parents and students. Resources include standards-based, grade-specific, K-12 lesson plans and engaging interactive activities provided in partnership with many of the nation's leading educational and literacy organizations.

Thinkfinity.org offers elementary through high school teachers resources across eight academic disciplines, from science to English to mathematics, to improve student achievement. Thinkfinity.org is designed to help teachers gain access to online resources quickly.

Verizon announced the grant at the Office of Superintendent of Public Instruction's Summer Institute.

"Thinkfinity provides educators with a great opportunity to utilize technology to advance their skills in an efficient and effective manner," said Gov. Christine Gregoire, who attended the event. "This public-private partnership is a perfect example of how we can reach our goals to enhance our education system and to provide more opportunities for our kids."

The Educational Technology Development Center, in collaboration with the Educational Technology Support Center Program and supported by the Office of the Superintendent of Public Instruction, is the Thinkfinity state education partner in Washington.

The grant will be used to:

-- Provide professional development opportunities to classroom teachers statewide through on-site and online training provided by Washington state's Educational Technology Support Centers located at each of the nine regional Educational Service Districts (see http://www.edtech.wednet.edu/programs/thinkfinity/).

-- Provide access to Thinkfinity resources aligned to current and emerging state standards, through a centralized Web site

-- Infuse Thinkfinity professional development into other statewide initiatives, such as peer coaching and online learning.

To make the Thinkfinity site even more valuable to teachers, students and parents, the Verizon Foundation recently announced several enhancements and improvements to the Thinkfinity.org Web site, including:

-- The addition of 500 new resources.

-- Individual portals to allow users to search for resources targeted to educators, students, parents or after-school programs.

-- A dynamic new look. -- A simple, more comprehensive search engine. -- Ability to search for resources tailored to individual state standards.

"The exciting thing about the Thinkfinity grant is the teacher training," said Terry Bergeson, Washington state superintendent. "Teachers need to know how to create classroom activities that use the lesson plans, interactive learning games and home study materials from the Thinkfinity Web site. Training will help teachers integrate these learning resources so they can bring a new and exciting digital dimension into the learning environment -- one they can adapt to different learning styles."

In addition to providing standards-based resources from the nation's leading educational and literacy organizations, Thinkfinity.org also offers a comprehensive professional development program that allows teachers to sign up for online or face-to-face training to learn how to make the most of Thinkfinity.org tools.

"Whether it's an English teacher looking for resources to spark a love of reading in a student, or a parent seeking a convenient and user-friendly educational activity to stimulate the mind of a young child, Thinkfinity.org will help them quickly and easily find the information needed to improve student achievement," said David S. Valdez, senior vice president for Verizon's Pacific Northwest region.

Content for Thinkfinity.org is provided through a partnership between the Verizon Foundation and 11 of the nation's leading organizations in the fields of education and literacy: the American Association for the Advancement of Science, International Reading Association, The John F. Kennedy Center for the Performing Arts, National Center for Family Literacy, National Council on Economic Education, National Endowment for the Humanities, National Council of Teachers of English, National Council of Teachers of Mathematics, National Geographic Society, ProLiteracy Worldwide and the Smithsonian National Museum of American History.

The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon's inception in 2000.

For more information on the foundation, visit http://www.verizon.com/foundation.

The Office of Superintendent of Public Instruction (OSPI) is the primary agency charged with overseeing K-12 education in Washington state. Led by State School Superintendent Dr. Terry Bergeson, OSPI works with the state's 295 school districts and nine Educational Service Districts to administer basic education programs and implement education reform on behalf of more than one million public school students. At all nine Educational Service Districts (ESDs), Educational Technology Support Centers (ETSCs) are state-funded to improve technology infrastructure, monitor and report on school district technology development, promote standards for school district technology, promote statewide coordination and planning for technology development. The Educational Technology Development Center (ETDC) is a cooperative effort of the ETSCs, housed at Puget Sound ESD in Renton, and is funded by a grant from OSPI.

Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 69 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of more than 228,600 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.

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

Verizon

CONTACT: Jon Davies of Verizon, +1-805-372-6969, jon.davies@verizon.com;
or Nathan Olson of OSPI, +1-360-725-6164, nathan.olson@k12.wa.us

Web Site: http://www.edtech.wednet.edu/programs/thinkfinity
http://www.thinkfinity.org/
http://www.verizon.com/
http://www.verizon.com/foundation

Company News On-Call: http://www.prnewswire.com/comp/094251.html

Postilion Selected by Sapp Bros Travel Centers to Centralize Fleet Card Authorization and Store Transaction CapturePostilion delivers integrated processing and payment switching for card transactions at the pump and purchases in convenience stores

NORCROSS, Ga., July 29 /PRNewswire/ -- Postilion, a leading global provider of integrated solutions for payments and self-service banking and a division of S1 Corporation , today announced that Sapp Bros Travel Centers will deploy Postilion solutions to enable the company to centralize fleet card authorization and transaction capture.

Because of the complexity of managing fleet payments and the range of fleet cards used to purchase fuel in the travel stop and convenience store industry, Sapp Bros chose Postilion to help streamline its authorization and transaction capture, and to integrate payment for fuel at the pump with traditional retail payments in its stores. Postilion solutions enable Sapp Bros to process all transactions via a central, open-systems payment switch, and provide stand-in authorization.

"Given our current goal of growing our stores and the increasingly tighter margins on fuel purchases, it was imperative that we find new ways to streamline our transaction processing," said Don Quinn, President, Sapp Bros. "The Postilion Forecourt and POS Payments solution and the Postilion Payment Switching solution enable us to further control the payment transaction authorization and settlement process, which in turn drives down our costs and improves our customers' overall experience at the pump and in the store."

Francois van Schoor, Senior Vice President and General Manager, Postilion Payments, said, "We are delighted that Sapp Bros has chosen Postilion solutions to integrate payments at the fuel pump with the convenience store. This enables them to reduce transaction processing time, the overhead of managing, configuring, and maintaining multiple applications at each store, and the in-store hardware footprint."

Postilion solutions are known worldwide for their flexibility, security, regulatory compliance, and high application availability.

About Sapp Bros

Sapp Bros Truck Stops was started by the four Sapp brothers in Omaha Nebraska at the junction of I-80 and Highway 50 in 1971. Sapp Bros Truck Stops, Inc. was incorporated in October of 1988. Prior to being incorporated, the travel centers were each separate corporations under the central leadership of W. D. Sapp. Sapp Bros Truck Stops, Inc. has grown into a chain of sixteen travel centers covering an eight state region.

About Postilion

Postilion, a division of S1 Corporation , is a leading provider of integrated solutions for payment processing and self-service banking. Our offices, on five continents, serve over 1,500 customers in more than 50 countries. Postilion solutions drive self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones.

More than 100,000 ATMs and 500,000 POS terminals worldwide run on Postilion solutions. In the United States, over 1,250 credit unions and community financial institutions use Postilion solutions. Built on open systems, Postilion solutions provide consolidated management information, card management, 3DES and EMV enablement, and loyalty management. At the forefront of compliance with new regulations and security enhancements, such as the Payment Card Industry Data Security Standard (PCI DSS) and Visa's Payment Application Best Practices (PABP), Postilion can help customers achieve compliance with the latest data security standards developed by the payment card industry. More information is available at http://www.postilion.com/ .

About S1 Corporation

S1 Corporation delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at http://www.s1.com/ , http://www.postilion.com/ , http://www.s1enterprise.com/ , and http://www.fsb-solutions.com/ .

Forward-Looking Statements

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties, and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at http://www.s1.com/ or the SEC's web site at http://www.sec.gov/) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.

Postilion

CONTACT: Leisha Richardson of Postilion, +1-512-336-3028,
leisha.richardson@postilion.com; Caroline Traylor of Porter Novelli,
+1-512-241-2239, caroline.traylor@porternovelli.com; Don Quinn of Sapp Bros
Travel Centers, Inc., +1-402-895-7038, dquinn@sappbrostravelcenters.com; all
for Postilion

Web site: http://www.postilion.com/
http://www.s1.com/

Nickelodeon Makes Its Classic Hits Available on the iTunes StoreNew 'Nick Rewind' Catalog of Classics to Offers Full Seasons of Fan-Faves Like The Amanda Show, Rugrats, Clarissa Explains It All, Hey Dude and More

NEW YORK, July 29 /PRNewswire/ -- Nickelodeon, the number-one entertainment brand for kids, today announces that Nick Rewind, a catalog featuring some of Nick's most beloved classic shows, is now available on the iTunes Store (http://www.itunes.com/). Nick Rewind features both full-length episodes and seasons of classic Nickelodeon shows including: The Amanda Show; Rugrats; As Told By Ginger; Hey Dude; Rocket Power; Clarissa Explains It All; and many more.

"Nick Rewind's extensive catalog offers some of the most-requested and classic early shows from Nickelodeon," said Steve Youngwood, Executive Vice President, Digital Media, Nickelodeon/MTVN Kids and Family Group. "We hear from literally thousands of teens and young parents who say they want to see the shows that defined their childhood, so we're launching Nick Rewind for them and all the fans of our brand."

For $1.99 per episode, consumers can purchase and download classic Nickelodeon hit series on iTunes and view them on iPods, widescreen TVs with Apple TV or computers. Several full seasons and "Best of Volumes" for many classic Nickelodeon shows will be available from $8.99 to $19.99 each.

Nick Rewind on iTunes features:

-- Aaahhh Real Monsters -- Season 1 (13 Episodes): Aaahhh Real Monsters focuses on three barely competent, adolescent monsters trying their best to learn the ropes of monsterhood.

-- The Amanda Show -- Best of, Vol. 1 (Five Episodes): Starring Amanda Bynes, this show features comedy sketches as well as short animated segments, TV commercial parodies and short films.

-- Angry Beavers -- Best of, Vol. 1 (Seven Episodes): Daggett and Norbert are beaver brothers adapting to life on their own and perpetually torn between their sibling rivalry and undying love for each other.

-- As Told by Ginger -- Season 1 (13 Episodes): As Told by Ginger focuses on 12-year-old Ginger Foutley's experiences in Junior High School as she tiptoes between two worlds: the cool and the uncool.

-- Clarissa Explains It All -- Best of (Seven Episodes): This series examines life as seen through Clarissa Darling's (Melissa Joan Hart) eyes. Clarissa is an imaginative and very contemporary teenager who makes no bones about detailing her likes, dislikes and fantasies.

-- Doug -- Season 1 (13 Episodes): Doug deals with the life and imagination of 11-year-old Doug Funnie, his dog Porkchop, and good friends Skeeter Valentine and Patti Mayonnaise, and Doug's reaction to various situations in his life.

-- Hey Arnold -- Season 1 (13 Episodes): Hey Arnold stars Arnold as a city kid with problems like any other 4th grader, except Arnold's got a unique way of solving them.

-- Hey Dude -- Season 1 (13 Episodes): Hey Dude follows the lives of the Bar None Dude Ranch owner, his son, and five teenage employees and the predicaments the teens get themselves into while on the ranch.

-- Rocket Power -- Best of, Vol. 1 (Seven Episodes): Rocket Power is the story of four friends- Otto Rocket, and his sister Reggie, and their pals Twister and Sam-who are addicted to action and extreme sports.

-- Rocko's Modern Life -- Best of, Vol. 1 (Six Episodes): The animated series chronicles the hilarious antics of Rocko, a wallaby his own in the United States for the first time, and his beloved brain-dead dog, Sparky.

-- Rugrats -- Best of, Vol. 1 (Seven Episodes): Rugrats stars Tommy, the one-year-old hero; his best friend Chuckie; his baby brother Dil; the twins from next door, Phil and Lil; and Tommy's bratty cousin Angelica. As the pals wobble through life, we see the world from a baby's point-of-view.

-- Wild Thornberrys -- Best of, Vol. 1 (Seven Episodes): Wild Thornberrys follows the adventures of girl hero -- Eliza Thornberry, a courageous 12-year-old who can talk to animals-and her quirky family who travel the world in search of exotic, endangered animals to star in their nature documentaries.

Nickelodeon/MTVN Kids and Family Group's range of content offerings on iTunes includes the top-rated preschool series, Dora the Explorer; pop culture phenomenon SpongeBob SquarePants, and unparalleled tween hit iCarly; The N's critically acclaimed series South of Nowhere; Nick at Nite and Nicktoons Network originals; and more. Nickelodeon/MTVN Kids and Family Group programming may be purchases and downloaded on iTunes, from the television section in the Nickelodeon, The N, and Nick at Nite branded areas

About Nickelodeon

Nickelodeon, in its 29th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon's U.S. television network is seen in more than 96 million households and has been the number-one-rated basic cable network for 14 consecutive years. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. .

Nickelodeon

CONTACT: Joanna Roses, +1-212-846-7326, or Nakiah Cherry Chinchilla,
+1-212-846-6492, both of Nickelodeon

Web site: http://www.nick.com/
http://www.itunes.com/

Cinram International Income Fund Second Quarter 2008 Results Conference Call and Webcast

TORONTO, July 29 /PRNewswire-FirstCall/ -- Cinram International Income Fund (TSX: CRW.UN) will report its second quarter 2008 financial results on Thursday, August 7, 2008, after market close. The news release will be available on Cinram's website http://investors.cinram.com/Default.aspx and on http://www.newswire.ca/ after 4 p.m. on August 7.

Conference Call

Senior management will host a conference call on Friday, August 8, 2008, at 10 a.m. ET. A supplementary slide package will also be posted on Cinram's website before the call. To participate, please dial:

- In Toronto: 416.644.3422 - Toll-free: 1.800.595.8550 Replay

A replay of the call will be available from approximately two hours after the call has ended until midnight on Friday, August 15, 2008. To access the replay, please dial:

- In Toronto: 416.640.1917 (access code 21277841 followed by the number sign) - Toll-free: 1.877.289.8525 (access code 21277841 followed by the number sign) Webcast The conference call will also be webcast live, and archived at: - http://investors.cinram.com/News.aspx - http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2248840 About Cinram

Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is the world's largest provider of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, audio CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. Cinram now also provides distribution and logistics services to the telecommunications industry in North America and Europe through its wireless subsidiaries. The Fund's units are listed on the Toronto Stock Exchange under the symbol CRW.UN. For more information, visit our website at http://www.cinram.com/.

Cinram International Income Fund

CONTACT: Lyne B. Fisher, Tel: (416) 321-7930, lynefisher@cinram.com

Marysville and Kenmore, Wash., Award Video Franchises to VerizonVotes Pave the Way for Innovative, Competitive Choice for TV Service, Delivered Over the Nation's Most Advanced, All-Fiber-Optic Network Straight to Consumers' Homes

EVERETT, Wash., July 29 /PRNewswire/ -- Residents of Marysville and Kenmore are a major step closer to having an innovative, reliable and competitive alternative for their television services, thanks to unanimous votes by their respective city councils Monday (July 28) authorizing Verizon to offer its fiber-optic-powered FiOS TV.

Marysville and Kenmore are the third and fourth communities in the state to grant video franchises to Verizon, following similar votes earlier this month in Lynnwood and Everett. The company plans to begin offering FiOS TV in the communities later this year.

FiOS TV offers consumers a broad range of programming choices and superior picture quality from the only TV service delivered over the nation's most advanced all-fiber network directly connecting to millions of individual homes and businesses.

"Approval of Verizon's video franchise is great news for the residents of Marysville and Kenmore, who will soon have more choice for their video entertainment," said David S. Valdez, senior vice president for Verizon's Pacific Northwest region. "We commend the mayors, the city councils and city staffs for their dedication and hard work throughout this process. They recognize and support the technological advantage and competitive benefits, as well as the distinctive edge in economic development and quality of life, that fiber will bring to their communities.

"We look forward to reaching similar agreements with other Washington communities," said Valdez.

The franchise votes give Verizon the authority to offer FiOS TV to up to 9,730 households in Marysville and up to 8,400 households in Kenmore. Many Verizon customers in Washington are already enjoying FiOS Internet service, which delivers ultra-fast download speeds up to 50 Mbps (megabits per second).*

Verizon already provides FiOS TV in parts of California, Delaware, Florida, Indiana, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Texas and Virginia.

FiOS TV Service Highlights FiOS TV service highlights include:

-- More than 400 all-digital channels grouped by genres such as entertainment, sports, news, shopping, movies and family, making it easy for audiences to find their favorite programming.

-- A wide array of high-definition channels, with extraordinary clarity and theater-quality sound. The company plans to significantly expand the HD lineup to include all available major HD programming by year-end.

-- An industry-leading library of more than 10,000 video-on-demand (VOD) titles each month, 70 percent of which are free. In addition, an increasing number of on-demand titles in high definition, with 1,000 HD VOD titles per month by the end of the year.

-- An easy-to-use interactive media guide that integrates HD programming, on-demand content and the digital video recorder along with broadcast television into a seamless user experience.

-- Set-top boxes ranging from a standard-definition box to the Home Media DVR, featuring a multi-room DVR that enables up to three simultaneous viewings of recorded programs without requiring customers to set up a complex home network or buy extra equipment. The recorder is bundled with Media Manager, a feature that lets customers easily access photos and music from their personal computer and play them on their entertainment center where they look and sound the best.

-- FiOS TV Widgets, a free interactive feature that provides local weather and traffic information.

Programming choices for Hispanic, African-American, Asian, Russian and other multicultural audiences are available in every market, making FiOS TV an outlet for emerging and independent networks to showcase their diverse programming.

Everett consumers can check online at http://www.verizon.com/fios for more information or to request that Verizon contact them when FiOS TV becomes available. Customers also can call their local Verizon sales office or 888-GET FiOS (888-438-3467).

FiOS TV is delivered over Verizon's all-fiber-optic network, which brings the power and capacity of fiber optics directly into people's homes and has industry-leading quality and reliability. Fiber delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. It also delivers Internet download speeds of up to 50 Mbps* (megabits per second) and upload speeds of up to 20 Mbps, as well as high-quality voice services.

* NOTE: actual (throughput) speeds will vary.

Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 69 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of more than 228,600 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.

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

Verizon

CONTACT: Jon Davies of Verizon, +1-805-372-6969, jon.davies@verizon.com

Web Site: http://www.verizon.com/
http://www.verizon.com/fios
http://www.verizon.com/news

Company News On-Call: http://www.prnewswire.com/comp/094251.html

CIBER Granted Voting System Testing AccreditationRigorous Approval Process Yields Few Vendors

GREENWOOD VILLAGE, Colo., July 29 /PRNewswire-FirstCall/ -- CIBER, Inc. , today announced its lengthy process to receive accreditation for specific test methods for hardware and software of election voting systems has been accomplished.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO)

CIBER has been granted accreditation from the National Institute of Standards and Technology's (NIST) National Voluntary Laboratory Accreditation Program (NVLAP) for voting system independent verification and validation testing. The award of this accreditation signifies that CIBER has met the requirements necessary to be invited to participate in the certification program as directed by the Elections Assistance Commission (EAC) for certifying and testing voting systems.

In July 2006 the Federal Elections Commission introduced EAC and the Voluntary Voting Systems Guidelines (VVSG) for 2005 program for voting system certification. NIST, a part of the U.S. Department of Commerce, was appointed by EAC to create and conduct the NVLAP accreditation program. The purpose of this new program structure was to ensure a higher level of consistent compliance for laboratories and manufacturers in the development and testing for certifying voting systems. CIBER is now one of five laboratories accredited under this program since July 2006.

"We are very proud of Kelly Rohacek, Practice Director, and her team. The process of obtaining accreditation migrated from older standards by another authority to current standards by NIST. While we believe we have been able to meet the revised testing of older standards since 2006, the new testers had moved on to the newer standards and have been busy with other certifications and other work," said Mac Slingerlend, CIBER's President and Chief Executive Officer. "This is a rigorous process and we are now one of just a few accredited companies, and likely one of the largest."

About CIBER, Inc.

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

Forward-Looking and Cautionary Statements

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

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

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

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

TI's Dave Pahl to speak at Pacific Crest investor conferenceLive webcast at http://www.ti.com/irAugust 5, 2008, 11:30 a.m. Mountain time

DALLAS, July 29 /PRNewswire/ -- Texas Instruments Incorporated (TI) announced that Dave Pahl, director of Investor Relations, will speak at the Pacific Crest 10th Annual Technology Leadership Forum in Vail, Colo., on Tuesday, August 5, at 11:30 a.m. Mountain time. Pahl will field questions from analysts and investors, as well as discuss TI's business outlook and its strategy to address key markets for its analog and embedded processing technologies and how these capabilities position it for growth.

The audio webcast can be accessed live through the Investor Relations section (http://www.ti.com/ir) of TI's website. Archived replays are available for 2 weeks.

Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Texas Instruments Incorporated

CONTACT: Chris Rongone, +1-214-480-6868, c-rongone@ti.com, or Renee
Fancher, +1-214-567-7447, rfancher@ti.com, both of Texas Instruments
Incorporated

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

General Dynamics Awarded $23 Million for Digital Modular Radios to Equip U.S. Navy Ships

SCOTTSDALE, Ariz., July 29 /PRNewswire-FirstCall/ -- General Dynamics C4 Systems has been awarded a $23 million contract for AN/USC-61(C) Digital Modular Radios (DMRs), the Navy's standard communications system for newly constructed ships and submarines. Deliveries are scheduled to begin in mid-2009 and continue though 2010. General Dynamics C4 Systems is a business unit of General Dynamics .

The software-defined DMRs communicate with Ultra-High Frequency SATCOM, Single-Channel Ground and Airborne Radio Systems (SINCGARS), Line of Sight and High Frequency radios on Navy surface and subsurface platforms. General Dynamics has delivered more than 370 DMRs for use throughout the fleet and at Navy shore sites, enabling secure short-range and global communications using U.S. military standard waveforms.

"By replacing what used to be racks of radios and encryption equipment, one DMR radio represents considerable savings in size, weight and power to the Navy," said Chris Brady, vice president of Assured Communications for General Dynamics C4 Systems. "The expertise we've gained from successfully executing on the DMR program is particularly relevant now as we work with Lockheed Martin in the development of the Airborne and Maritime/Fixed Station component of the Joint Tactical Radio System."

In March 2008, General Dynamics received a contract to develop and integrate the maritime and fixed-site joint tactical radio capabilities and provide information assurance services for the Lockheed Martin Airborne, Maritime and Fixed Site (AMF) Joint Tactical Radio System team.

General Dynamics C4 Systems delivered the first Digital Modular Radio to the Navy in 1998; it was one of the first software-defined radios to be delivered under contract to the U.S. military. In October 2004, the radio became the first software-defined radio certified by the National Security Agency for communications up to the Top Secret level.

The DMR contracting office is the Space and Naval Warfare Systems Command, working on behalf of the Program Executive Office for Command Control Communications Computers and Intelligence, San Diego, Calif.

General Dynamics C4 Systems, a business unit of General Dynamics , is a leading integrator of secure communication and information systems and technology. With more than 10,000 employees worldwide, the company specializes in command and control, communications networking, computing and information assurance for defense, government and select commercial customers in the United States and abroad.

General Dynamics, headquartered in Falls Church, Va., employs approximately 84,600 people worldwide and anticipates 2008 revenues of approximately $29.5 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at http://www.generaldynamics.com/.

General Dynamics C4 Systems

CONTACT: Fran Jacques of General Dynamics C4 Systems,
+1-480-441-2885, cell, +1-480-586-1886, Fran.Jacques@gdc4s.com

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

TechWeb's Internet Evolution Publishes Dual Blogs by Internet Founders

NEW YORK, July 29 /PRNewswire/ --

- Vint Cerf and Larry Roberts Talk About Fixing the Internet Traffic Jam

TechWeb's Internet Evolution, a Web 2.0 site dedicated to investigating the future of the Internet, has gone back to the Internet's co-founders in search of answers about the looming crisis in Web congestion.

The site today published blogs by two of the scientists who helped create the Internet -- Vinton G. Cerf, co-author of TCP/IP, and Lawrence G. Roberts, whose work on packet switching laid the groundwork for the modern Internet.

Internet Evolution asked both men to discuss the requirements for saving the network they helped create. Web traffic has reached unprecedented levels, and ISPs are throttling data flows in an effort to compensate for the bandwidth consumed by video transmission. What will assure the Internet's future, while preserving network neutrality and fair and open access for all customers?

Cerf and Roberts answer separately from their perspectives as technology insiders. "It's a back-to-the-future exercise," said Internet Evolution Editor in Chief Terry Sweeney. "Who can better comment on what's needed to guarantee the Internet's ongoing viability than the scientists who helped create the network and its protocols? Internet Evolution is privileged and proud to offer a moderated blogosphere where experts and visionaries like Drs. Cerf and Roberts can share their opinions and challenge the conventional wisdom about where the Internet is headed."

To read Roberts' blog click here: http://www.internetevolution.com/author.asp?section_id=499&doc_id=160047&

To read Cerf's blog click here: http://www.internetevolution.com/author.asp?section_id=691&doc_id=160049&

About Internet Evolution

Internet Evolution hosts more than 100 world-famous Internet experts -- such as Kevin Mitnick, once the most-wanted computer hacker in the world; Dr. Lawrence Roberts, inventor of packet switching, and one of the world's foremost authorities on telecom network architectures; Jack Uldrich, futurist, scholar, and author; Craig Newmark, the founder of Craigslist.com; David Weinberger, technologist and co-author of The Cluetrain Manifesto; Howard Schmidt, former White House cybersecurity adviser; and Norman J. Ornstein, political scientist and a resident scholar at the American Enterprise Institute (AEI) -- all of whom are addressing today's critical socio-economic issues within its ThinkerNet blogosphere. Internet Evolution also offers broadcast-quality broadband video documentaries and interviews; investigative reports; and user-generated content facilitated via the latest Web 2.0 technology.

About TechWeb (formerly CMP)

TechWeb, the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 10 million business technology professionals actively engage with and rely on our global face-to-face events, including Interop, Web 2.0, Black Hat, and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market-leading, award-winning InformationWeek, Wall Street & Technology, TechNet, and MSDN magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, custom media, research, and analyst services. TechWeb is a division of United Business Media ( http://www.unitedbusinessmedia.com/ ), a global provider of news distribution and specialist information services with a market capitalization of more than US$2.5 billion.

Contact Amy Averbook TechWeb's Internet Evolution +1-212-925-0020 x112 averbook@lightreading.com Web site: http://www.cmp.com http://www.unitedbusinessmedia.com

Internet Evolution

Amy Averbook, TechWeb's Internet Evolution, +1-212-925-0020, x112, averbook@lightreading.com

TechWeb's Internet Evolution Publishes Dual Blogs by Internet FoundersVint Cerf and Larry Roberts Talk About Fixing the Internet Traffic Jam

NEW YORK, July 29 /PRNewswire-FirstCall/ -- TechWeb's Internet Evolution, a Web 2.0 site dedicated to investigating the future of the Internet, has gone back to the Internet's co-founders in search of answers about the looming crisis in Web congestion.

The site today published blogs by two of the scientists who helped create the Internet -- Vinton G. Cerf, co-author of TCP/IP, and Lawrence G. Roberts, whose work on packet switching laid the groundwork for the modern Internet.

Internet Evolution asked both men to discuss the requirements for saving the network they helped create. Web traffic has reached unprecedented levels, and ISPs are throttling data flows in an effort to compensate for the bandwidth consumed by video transmission. What will assure the Internet's future, while preserving network neutrality and fair and open access for all customers?

Cerf and Roberts answer separately from their perspectives as technology insiders. "It's a back-to-the-future exercise," said Internet Evolution Editor in Chief Terry Sweeney. "Who can better comment on what's needed to guarantee the Internet's ongoing viability than the scientists who helped create the network and its protocols? Internet Evolution is privileged and proud to offer a moderated blogosphere where experts and visionaries like Drs. Cerf and Roberts can share their opinions and challenge the conventional wisdom about where the Internet is headed."

To read Roberts' blog click here: http://www.internetevolution.com/author.asp?section_id=499&doc_id=160047&

To read Cerf's blog click here: http://www.internetevolution.com/author.asp?section_id=691&doc_id=160049&

About Internet Evolution

Internet Evolution hosts more than 100 world-famous Internet experts -- such as Kevin Mitnick, once the most-wanted computer hacker in the world; Dr. Lawrence Roberts, inventor of packet switching, and one of the world's foremost authorities on telecom network architectures; Jack Uldrich, futurist, scholar, and author; Craig Newmark, the founder of Craigslist.com; David Weinberger, technologist and co-author of The Cluetrain Manifesto; Howard Schmidt, former White House cybersecurity adviser; and Norman J. Ornstein, political scientist and a resident scholar at the American Enterprise Institute (AEI) -- all of whom are addressing today's critical socio-economic issues within its ThinkerNet blogosphere. Internet Evolution also offers broadcast-quality broadband video documentaries and interviews; investigative reports; and user-generated content facilitated via the latest Web 2.0 technology.

About TechWeb (formerly CMP)

TechWeb, the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 10 million business technology professionals actively engage with and rely on our global face-to-face events, including Interop, Web 2.0, Black Hat, and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market-leading, award-winning InformationWeek, Wall Street & Technology, TechNet, and MSDN magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, custom media, research, and analyst services. TechWeb is a division of United Business Media ( http://www.unitedbusinessmedia.com/ ), a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

Contact Amy Averbook TechWeb's Internet Evolution (212) 925-0020 x112 averbook@lightreading.com

Internet Evolution

CONTACT: Amy Averbook, TechWeb's Internet Evolution, +1-212-925-0020,
x112, averbook@lightreading.com

Web site: http://www.cmp.com/
http://www.unitedbusinessmedia.com/

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