Companies news

MAHWAH, New Jersey, July 30 /PRNewswire-FirstCall/ -- Radware, , the leading provider of integrated application delivery solutions for business-smart networking, today announced it has found a vulnerability that may cause application Denial of Service (DoS) in Firefox 3, Mozilla's latest Web browser application.

Discovered by the vulnerability research team of Radware's Security Operations Center (SOC), the Firefox vulnerability could result in a system crash of the Firefox browser and the instant lost of any unsaved information. Immediate protection from this vulnerability is available as part of Radware's Security Update Service (SUS), which seeks to safeguard customer infrastructures in advance of public disclosure of the flaw.

"We recognize that Mozilla has continued to invest significantly in security features for Firefox 3; however we were able to easily detect this vulnerability through a simple fuzzing technique," said Itzik Kotler, Security Operation Center Manager, Radware. "This clearly shows that zero-minute vulnerabilities are still aggressively in the public domain, making it increasingly more evident that security requirements must stay top-of-mind when developing and releasing new networked applications."

Radware's team of researchers found that in order to exploit the vulnerability which crashes the Firefox application, a Firefox 3 user must open or surf into an HTML page crafted with a simple set of legitimate HTML tags. This can be achieved either by social engineering or can be injected into a comprised site.

Radware also determined the vulnerability affects Firefox version 3.0, as well as minor update versions (i.e. 3.0.1) version released. For more information regarding Radware's security solutions please visit: http://www.radware.com/.

About Radware

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

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

Radware Ltd

CONTACT: Media Relations: Joyce Anne Shulman, +1-201-785-3209,
joyceannes@radware.com

Nearly Half of Employers Have Caught a Lie on a Resume, CareerBuilder.com Survey ShowsHiring Managers Share Top Ten Most Unusual Resume FibsExpert Shares Tips on Making Your Resume Stand Out

CHICAGO, July 30 /PRNewswire/ -- Is your resume more fiction than fact? Experts warn bending the truth can cost you the job. Although only 8 percent of workers admitted to stretching the truth on their resumes, nearly half (49 percent) of hiring managers reported they caught a candidate lying on their resume. Of these employers, 57 percent said they automatically dismissed the applicant. This is according to CareerBuilder.com's latest survey of more than 3,100 hiring managers and over 8,700 workers nationwide conducted from May 22 to June 13, 2008.

Thirty-six percent of employers who received falsified applications said they still considered the candidate, but did not hire him/her. A small percentage (6 percent) ended up hiring the applicant.

The most common lies discovered on a resume, according to the survey, include:

-- Embellished responsibilities -- 38 percent -- Skill set -- 18 percent -- Dates of employment -- 12 percent -- Academic degree -- 10 percent -- Companies worked for -- 7 percent -- Job title -- 5 percent

Industries experiencing higher incidences of resume fabrications included Hospitality, Transportation/Utilities and Information Technology. Sixty-percent of employers in Hospitality, 59 percent in Transportation/Utilities and 57 percent in IT reported they found lies on resumes. Government had the lowest incident at 45 percent.

"Even the slightest embellishment can come back to haunt you and ruin your credibility," said Rosemary Haefner, Vice President of Human Resources at CareerBuilder.com. "If you're concerned about gaps in employment, your academic background or skill sets, invention is not the answer. Use your cover letter strategically to tell your story, focusing on your strengths and accomplishments and explaining any areas of concern if needed."

CareerBuilder.com asked hiring managers to share the most memorable or outrageous lies they came across on resumes. Examples include:

1) Claimed to be a member of the Kennedy family 2) Invented a school that did not exist 3) Submitted a resume with someone else's photo inserted into the document 4) Claimed to be a member of Mensa 5) Claimed to have worked for the hiring manager before, but never had 6) Claimed to be the CEO of a company when the candidate was an hourly employee 7) Listed military experience dating back to before he was born 8) Included samples of work, which the interviewer actually did 9) Claimed to be Hispanic when he was 100 percent Caucasian 10) Claimed to have been a professional baseball player

Haefner recommends the following tips to make your resume memorable for the right reasons:

Apply early. Nearly one-in-ten employers receive more than 50 applications for open positions on average and one-in-five said they are receiving more resumes than last year. Get your foot in the door before other candidates by signing up for job alerts that automatically email job listings to you as they become available.

Stand out from the crowd. Forty-three percent of hiring managers said they spend one minute or less looking at a resume when first reviewing applications; 14 percent spend less than 30 seconds. Make sure you are highlighting specific accomplishments, quantifying results whenever possible, to showcase how you put your skills into action and benefitted previous employers.

Use keywords. Hiring managers often use electronic scanners to rank candidates based on a keyword search of applications, so make sure to pepper keywords from the job posting into your resume as they apply to your experience. The terms employers search for most often are:

-- problem-solving and decision-making skills (50 percent) -- oral and written communications (44 percent) -- customer service or retention (34 percent) -- performance and productivity improvement (32 percent) -- leadership (30 percent) -- technology (27 percent) -- team-building (26 percent) -- project management (20 percent) -- bilingual (14 percent) Survey Methodology

This survey was conducted online within the U.S. by Harris Interactive on behalf of CareerBuilder.com among 3,169 hiring managers and human resource professionals (employed full-time; not self-employed; with at least significant involvement in hiring decisions); and 8,785 U.S. employees (employed full-time; not self-employed) ages 18 and over between May 22 and June 13, 2008, respectively (percentages for some questions are based on a subset U.S. employers or employees, based on their responses to certain questions). With a pure probability sample of 3,169 and 8,785, one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.74 percentage points and +/- 1.05 percentage points, respectively. Sampling error for data from sub-samples is higher and varies.

About CareerBuilder.com

CareerBuilder.com is the nation's largest online job site with more than 23 million unique visitors and over 1.6 million jobs. Owned by Gannett Co., Inc. , Tribune Company, The McClatchy Company and Microsoft Corp. , the company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 1,600 partners, including 140 newspapers and leading portals such as AOL and MSN. More than 300,000 employers take advantage of CareerBuilder.com's easy job postings, 28 million-plus resumes, Diversity Channel and more. CareerBuilder.com and its subsidiaries operate in the U.S., Europe, Canada and Asia. For more information, visit http://www.careerbuilder.com/.

Media Contact: CareerBuilder.com Jennifer Grasz 773-527-1164 Jennifer.Grasz@careerbuilder.com

CareerBuilder.com

CONTACT: Jennifer Grasz of CareerBuilder.com, +1-773-527-1164,
Jennifer.Grasz@careerbuilder.com

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

UMC Reports 2008 Second Quarter Results

Muted Third Quarter Due to Global Economic Uncertainty TAIPEI, Taiwan, July 30 /Xinhua-PRNewswire-FirstCall/ -- Second Quarter 2008 Overview (Note 1): -- Revenue increased 5.1% sequentially to NT$25.24 billion (US$833 million) -- Gross profit margin of 23%, operating margin of 9.3% -- Net income increased to NT$2.4 billion (US$79 million) -- Revenue from 90nm technology and below was 36% -- EPS was NT$0.19; EPADS was US$0.032 Note 1: Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with ROC GAAP, which differ in some material respects from generally accepted accounting principles in the United States. They are un-audited, unconsolidated, and represent comparisons among the three-month period ending June 30, 2008, the three-month period ending March 31, 2007, and the equivalent three-month period that ended June 30, 2007. For all 2Q08 results, New Taiwan Dollar (NT$) amounts have been converted into U.S. Dollars at the June 30, 2008 exchange rate of NT$30.33 per U.S. Dollar.

United Microelectronics Corporation ("UMC" or "the Company"), a leading global semiconductor foundry, today announced its unconsolidated operating results for the second quarter of 2008.

"As the newly appointed CEO of UMC, I am happy to report that in Q2 2008 UMC saw improvements in revenue, gross margin, and operating margin compared to Q1," said UMC CEO, Dr. Shih-Wei Sun.

"These results were in line with our previously released guidance. Customer demand for advanced 90nm and 65nm technologies remained steady, with combined revenue from these process nodes totaling 36%. Looking forward to Q3, we see that the environment is more challenging than we previously expected. In general, customers have adopted a cautious attitude due to the rising uncertainty in the global economy. We will continue to monitor the situation closely and adjust our operations accordingly."

"Going forward as CEO, my top priority is to ensure that UMC's foundry solutions deliver the greatest benefits to our global customer base. This will enable us to increase our market share among our key foundry customers and maximize profitability. UMC will also continue to focus on operational efficiency and cost control activities through an emphasis on teamwork and execution. At the same time, we will continue to invest in the development of advanced technologies that are critical to our future growth and profitability. UMC is well positioned to weather the headwinds that face the overall economy due to our strengths in R&D and manufacturing, as well as our sound financial structure and our excellent team that has a wealth of experience dealing with the cyclical nature of the semiconductor industry."

Summary of Operating Results Operating Results QoQ% YoY% (Amount: NT$ million) 2Q08 1Q08 change 2Q07 change Revenue 25,238 24,003 5.1 25,097 0.6 Gross Profit 5,795 3,576 62.1 4,958 16.9 Operating Expenses (3,454) (3,386) 2.0 (3,732) (7.4) Operating Income 2,341 190 1,132.1 1226 90.9 Non-op. Income (Expenses) 120 71 69.0 4,182 (97.1) Net Income 2,397 206 1,063.6 4,911 (51.2) EPS (NT$ per share) 0.19 0.02 -- 0.28 -- (US$ per ADS) 0.032 0.003 -- 0.046 --

Revenue increased 5.1% quarter-over-quarter to NT$25.24 billion, from NT$24 billion in 1Q08. Gross profit was NT$5.8 billion, or 23% of revenue, compared to NT$3.58 billion, or 14.9% of 1Q08 revenue. Operating income increased 1,132% sequentially to NT$2.34 billion, or 9.3% of 2Q08 revenue. Better capacity utilization and activities on cost control were the key reasons for the increase in revenue, gross profit and operating income during the second quarter. Net income in 2Q08 was NT$2.4 billion, an increase of 1,064% compared to NT$206 million in 1Q08.

Earnings per ordinary share (EPS) for the quarter were NT$0.19. Earnings per ADS (EPADS) were US$0.032. This compares with 1Q08 EPS of NT$0.02 and EPADS of US$0.003. One ADS represents five Taiwan-listed ordinary shares. The basic weighted average number of outstanding shares in 2Q08 was 12,494,809,580, compared with 12,494,809,580 shares in 1Q08 and 17,780,114,848 shares in 2Q07. The diluted weighted average number of outstanding shares was 12,507,200,403 in 2Q08, compared with 12,726,354,496 in 1Q08 and 18,413,194,360 shares in 2Q07. The fully diluted share count on June 30, 2008 was 13,856,573 thousand. On June 30, 2008, UMC held 704,299 thousand treasury shares acquired from the 8th, 9th, and 11th share buy-back programs. UMC will retire 348,583 thousand treasury shares acquired from the 8th share buy-back program in 3Q08.

Detailed Financials Section

Depreciation and amortization totaled NT$9.4 billion in 2Q08, compared with NT$9.61 billion in 1Q08. Depreciation within COGS of NT$7.51 billion went down by 7.3% from 1Q08. Other manufacturing costs within COGS decreased to NT$11.93 billion sequentially, which reflected the results of cost reduction activities. Total operating expenses increased by 2% to NT$3.45 billion. Higher General & Administrative expenses reflected consulting fees for goodwill valuation and additional lawyer fees associated with the LSI lawsuit issue. Sales & Marketing expenses decreased to NT$620 million, mainly due to reduced IP amortization and maintenance fees. The total R&D expenses were 8.28% of revenue in 2Q08.

COGS & Expenses QoQ% YoY% (Amount: NT$ million) 2Q08 1Q08 change 2Q07 change Revenue 25,238 24,003 5.1 25,097 0.6 CoGS (19,443) (20,427) (4.8) (20,139) (3.5) Depreciation (7,510) (8,098) (7.3) (7,899) (4.9) Other Mfg. Costs (11,933) (12,329) (3.2) (12,240) (2.5) Gross Profit 5,795 3,576 62.1 4,958 16.9 Gross Margin (%) 23.0% 14.9% -- 19.8% -- Total Operating Exp. (3,454) (3,386) 2.0 (3,732) (7.4) G&A (744) (636) 17.0 (691) 7.7 Sales & Marketing (620) (716) (13.4) (732) (15.3) R&D (2,090) (2,034) 2.8 (2,309) (9.5) Operating Income 2,341 190 1,132.1 1,226 90.9 Operating Margin (%) 9.3% 0.8% -- 4.9% --

Net non-operating income during 2Q08 was NT$120 million. Gains on the disposal of investments were NT$524 million, including a gain from the sale of MediaTek shares for NT$414 million. Net investment losses were NT$575 million, which included a NT$731 million loss from valuation of ProMos shares. Net foreign exchange gains were NT$103 million, which include NT$36 from foreign exchange gains and NT$67 million from hedging gains.

Non-operating Income (Expenses) (Amount: NT$ million) 2Q08 1Q08 2Q07 Net Non-operating Income (Exp.) 120 71 4,182 Net Interest Income (Expense) 160 116 349 Net Investment Income (Loss) (575) (278) 760 Gain on Disposal of Investment 524 652 2,634 Exchange Gain (Loss) 36 (718) (46) Others (25) 299 485

Net cash outflow was NT$4.22 billion in 2Q08. Cash inflow from operations was NT$8.8 billion in 2Q08. The investing cash outflow primarily reflects the NT$2.49 billion of CAPEX in 2Q08. Free cash flow (Note 2) for 2Q08 was NT$6.31 billion. The NT$10.5 billion of financing cash outflow is mainly for the repayment of unsecured corporate bonds. Over the next 12 months, we expect to repay US$15 million in short-term loans.

Note 2: Free cash flow = Operating cash flow - Capital expenditures Cash Flow Summary For the 3-Month For the 3-Month Period Ended Period Ended (Amount: NT$ million) Jun. 30, 2008 Mar. 31, 2008 Cash Flow from Operations 8,799 9,455 Net Income (Loss) 2,397 206 Depreciation & Amortization 9,404 9,605 Changes in working capital (3,403) 314 Others 401 (670) Cash Flow from Investing (2,489) (5,362) Capital Expenditures (2,488) (5,685) Others (1) 323 Cash Flow from Financing (10,503) (11,763) Redemption of bonds (10,500) (12,217) Others (3) 454 Effect of Exchange Rate (24) (148) Net Cash Flow (4,217) (7,818)

Cash and cash equivalents decreased to NT$25.42 billion during 2Q08, which was mainly due to the cash outflow for capacity expansion and repayment of corporate bonds. The increase in notes and accounts receivable primarily reflected the upward trend of the business in 2Q08. The increase in inventory came from the increase of work-in-process wafers and finished goods.

Current Assets (Amount: NT$ billion) 2Q08 1Q08 2Q07 Cash & Cash Equivalents 25.42 29.63 77.06 Notes & Accounts Receivable 14.79 12.78 14.15 Days Sales Outstanding 50 50 49 Inventory 12.31 11.09 10.91 Avg. Inventory Turnover 56 51 48 Total Current Assets 58.37 60.06 113.73

Total liabilities decreased to NT$36.48 billion in 2Q08. The decrease was primarily due to the NT$10.5 billion bonds repayment but offset by NT$9.38 billion of dividends payable. UMC's Debt to Equity ratio was 18% at the end of 2Q08.

Liabilities (Amount: NT$ billion) 2Q08 1Q08 2Q07 Total Current Liabilities 25.22 26.92 54.92 Accounts Payable 4.62 4.50 4.96 Short-term Credit / Bonds 0.46 10.96 23.02 Others 20.14 11.46 26.94 Long-term Liabilities 7.54 7.50 7.49 Total Liabilities 36.48 38.02 66.01 Debt to Equity 18% 17% 23% Analysis of Revenue (Note 3)

The percentage of revenue from the Asia Pacific and Europe regions increased to 35% and 13%, respectively. This was mainly due to the stronger demand for communication chips.

Note 3: Revenue in this section represents wafer sales Revenue Breakdown by Region Region 2Q08 1Q08 4Q07 3Q07 2Q07 North America 50% 58% 51% 49% 47% Asia Pacific 35% 29% 37% 40% 43% Europe 13% 11% 10% 9% 8% Japan 2% 2% 2% 2% 2%

The percentage of revenue from advanced 90nm business increased to 31%, compared to 30% in 1Q08, mainly due to stronger demand for wireless communication chips. The percentage of revenue from 90nm and below was 36% in 2Q08.

Revenue Breakdown by Geometry Geometry 2Q08 1Q08 4Q07 3Q07 2Q07 65nm 5% 7% 3% 1% -- 90nm 31% 30% 23% 24% 17% 90nm< x <=0.13um 21% 21% 22% 23% 25% 0.13um< x <=0.18um 20% 22% 27% 26% 29% 0.18um< x <=0.35um 18% 14% 18% 20% 22% 0.5um and above 5% 6% 7% 6% 7%

The percentage of revenue from fabless customers increased to 71% in 2Q08 from 70% in 1Q08.

Revenue Breakdown by Customer Type Customer Type 2Q08 1Q08 4Q07 3Q07 2Q07 Fabless 71% 70% 76% 73% 75% IDM 29% 30% 24% 27% 25% System 0% 0% 0% 0% 0%

Revenue from the computer segment decreased to 17% of total revenue in 2Q08 due to weaker demand for PC chipsets, graphics and DVD-ROM.

Revenue Breakdown by Application (1) Application 2Q08 1Q08 4Q07 3Q07 2Q07 Computer 17% 21% 19% 18% 17% Communication 58% 56% 56% 57% 55% Consumer 22% 21% 23% 23% 26% Memory 1% 1% 1% 1% 1% Others 2% 1% 1% 1% 1% (1): Computer consists of ICs such as HDD controllers, DVD-ROM/CD- ROM drives ICs, LCD drivers, graphic processors, and PDAs. Communication consists of xDSL, DSP, WLAN, LAN controllers, handset components, caller ID devices, etc. Consumer consists of ICs used for DVD players, game consoles, digital cameras, smart cards, toys, etc. Memory consists of DRAM, SRAM, Flash, EPROM, ROM, and EEPROM. Blended Average Selling Price Trend The blended average selling price (ASP) decreased by 2% during 2Q08. (To view ASP trend, visit http://www.umc.com/english/investors/2Q08_ASP_trend.asp ) Shipment and Utilization Rate (Note 4)

875 thousand 8-inch equivalent wafers were shipped in 2Q08, a 8.4% increase from 807 thousand 8-inch equivalents shipped in the previous quarter. Overall utilization rate for the quarter was 85%.

Wafer Shipments 2Q08 1Q08 4Q07 3Q07 2Q07 Wafer Shipments ('000 8-inch eq.) 875 807 921 1,017 804 Note 4: Utilization Rate = Quarterly Wafer Out / Quarterly Capacity Quarterly Capacity Utilization Rate 2Q08 1Q08 4Q07 3Q07 2Q07 Utilization Rate 85% 73% 86% 93% 76% Total Capacity ('000 8-inch eq.) 1,107 1,100 1,100 1,095 1,070 Capacity (Note 5)

Total capacity during the second quarter was 1,107 thousand 8-inch equivalent wafers. Compared to 1Q08, the increase of 7 thousand 8-inch equivalent wafers was due to capacity expansion at Fab 12A and some 200mm fabs. Estimated installed capacity in the third quarter is 1,140 thousand 8-inch equivalent wafers. The increase in estimated capacity during the third quarter is due to additional 12-inch capacity expansion for Fab 12i.

Note 5: Estimated capacity numbers are based on calculated maximum output rather than designed capacity. The actual capacity numbers may differ depending upon equipment delivery schedules, pace of migration to more advanced process technologies, and other factors affecting production ramp up. Annual Capacity in thousands of 8-inch wafer equivalents FAB Geometry (um) 2007 2006 2005 2004 Fab 6A 6" 3.5 - 0.45 328 328 344 346 Fab 8AB 8" 0.5 - 0.25 816 816 816 796 Fab 8C 8" 0.35 - 0.15 400 400 401 386 Fab 8D 8" 0.18 - 0.09 260 252 274 256 Fab 8E 8" 0.5 - 0.18 408 406 404 401 Fab 8F 8" 0.25 - 0.15 372 372 378 349 Fab 8S (1) 8" 0.25 - 0.15 276 276 278 131 Fab 12A 12" 0.18 - 0.065 847 754 597 392 Fab 12i (2) 12" 0.13 - 0.065 601 413 363 101 Total (3) 4,308 4,017 3,855 3,158 YoY Growth Rate 7% 4% 22% 19% Quarterly Capacity in thousands of 8-inch wafer equivalents FAB 3Q08E 2Q08 1Q08 4Q07 Fab 6A 82 82 82 82 Fab 8AB 204 204 204 204 Fab 8C 101 101 100 100 Fab 8D 66 66 65 65 Fab 8E 102 102 102 102 Fab 8F 93 93 93 93 Fab 8S 72 72 69 69 Fab 12A 218 218 216 216 Fab 12i 202 169 169 169 Total (3) 1,140 1,107 1,100 1,100 (1) Former fab of SiSMC, which was acquired from Silicon Integrated Systems in July 2004. (2) Former fab of UMCi, a UMC wholly owned subsidiary in December 2004 that was merged into UMC in April 2005 (3) One 6-inch wafer is converted into 0.5625(6sq/8sq) 8-inch equivalent wafer; one 12-inch wafer is converted into 2.25(12sq/8sq) 8-inch equivalent wafers. CAPEX

CAPEX plans for 2008 were maintained at the original guidance range. Capital expenditure for UMC during 2Q08 was US$82 million. Accumulated CAPEX in 1H08 was US$269 million.

UMC Capital Expenditure by Year -- in US$ billion Year 2007 2006 2005 2004 2003 2002 CAPEX $0.9 $1.0 $0.7(1) $1.5 $0.4 $0.8 2008 CAPEX Plan 8" fab 12" fab 12" R&D Total UMC 15% 52% 33% US$500-700 million (1) 2005 CAPEX contained UMC 2005 full year CAPEX and UMCi CAPEX during 1Q05. Recent Developments / Announcements Jul. 29, 2008 UMC Joins SEMATECH Research Consortium Jul. 16, 2008 UMC Announces Restructuring of Executive Team Jun. 13, 2008 UMC Shareholders Approve NT$1.2 Dividend for Fiscal Year 2007 at Annual Shareholders Meeting At the meeting, shareholders approved: -- The 2007 Business Report and Financial Statements. The Company's revenue for 2007 was NT$106.77 billion and net income after tax was NT$16.96 billion, with earnings per share of NT$1.09. -- A capitalization of NT$6,775,753,830, which includes NT$2,146,981,340 from un-appropriated earnings for and prior to the year 2007 and NT$4,628,772,490 rom capital reserve. -- Shareholder cash dividend of NT$9,382,646,949 and stock dividend of NT$1,000,815,670. The total issued to shareholders is estimated at NT$1.20 per share, including cash dividend of estimated NT$0.75 per share, stock dividend of estimated NT$0.08 per share, and an estimated NT$0.37 per share from capital reserve in stock. -- A total of NT$1,433 million for employee bonus (cash Bonus of NT$286,541,418 and stock bonus of NT$1,146,165,670), which is 8.45% of net income after tax. Jun. 10, 2008 Magma and UMC Announce UPF-Compliant Low-Power Reference Flow Jun. 10, 2008 Extreme DA and UMC Collaborate to Provide Sub 65-nm Variation-Aware IC Design Flows Jun. 09, 2008 Synopsys and UMC Release 65-Nanometer Low Power Design Flow Enabled by the Unified Power Format Jun. 09, 2008 Cadence Collaborates with UMC to Deliver 65nm CPF-Based Low-Power Reference Design Flow May 13, 2008 UMC and Mentor Graphics Introduce Foundry Design Kits (FDK) for Mixed-Mode and RF Technologies May 02, 2008 UMC Files Form 20-F for 2007 with US Securities and Exchange Commission Apr. 30, 2008 UMC 1Q 2008 Financial Result

Please visit UMC's website http://www.umc.com/english/news/index.asp for further details regarding the above announcements.

Third Quarter of 2008 Outlook & Guidance Quarter-over-quarter Guidance: -- Wafer Shipments: to be flat from previous quarter -- Wafer ASP in US$: to decrease by approximately 0-2% points -- Impact from Currency Fluctuation: 0% to -2% on revenue -- Capacity Utilization Rates: approximately 80% -- Profitability: gross profit margin to be in high teen % points -- The consumer segment is expected to be the strongest followed by the communication and computer segments -- 2008 Capex Budget: US$500-700 million Conference Call / Webcast Announcement Wednesday, July 30, 2008 Time: 8:00 PM (Taipei) / 8:00 AM (New York) / 1:00 PM (London) Dial-in numbers and Access Codes: USA Toll Free: 1866 549 1292 UK Toll Free: 0808 234 6305 Singapore Toll Free: 800 852 3576 Hong Kong and Other Areas: +852 3005 2050 Access Code: UMC

A live webcast and replay of the 2Q08 results announcement will be available at http://www.umc.com/ under the "Investor Relations \ Investor Events" section.

About UMC

UMC is a leading global semiconductor foundry that manufactures advanced system-on-chip (SoC) designs for applications spanning every major sector of the IC industry. UMC's SoC Solution Foundry strategy is based on the strength of the company's advanced technologies, which include production proven 90nm, 65nm, mixed signal/RFCMOS, and a wide range of specialty technologies. Production is supported through 10 wafer manufacturing facilities that include two advanced 300mm fabs; Fab 12A in Taiwan and Singapore-based Fab 12i are both in volume production for a variety of customer products. The company employs approximately 13,000 people worldwide and has offices in Taiwan, Japan, Singapore, Europe, and the United States. UMC can be found on the web at http://www.umc.com/ .

Safe Harbor Statements

Except for statements in respect of historical matters, the statements in this release contain "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, financial condition or results of operations of UMC to be materially different from what is stated or may be implied in such forward- looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors, including, among other things: our dependence upon the frequent introduction of new services and technologies based on the latest developments in our industry; the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; the risks associated with international global business activities; our dependence upon key personnel; general economic and political conditions, including those related to the semiconductor, communications, consumer electronics and computer industries; possible disruptions in commercial activities caused by natural and human-induced events and disasters, including terrorist activity, armed conflict and highly contagious diseases; reduced end-user purchases relative to expectations and orders; fluctuations in foreign currency exchange rates; and those risks identified in the section entitled "Risk Factors" in UMC's Annual Report on Form 20-F ("20-F") for the year ended December 31, 2007 filed with the U.S. Securities and Exchange Commission on May 2, 2008.

The financial statements included in this release are unaudited and unconsolidated, and prepared and published in accordance with ROC GAAP. Investors are cautioned that there are many differences between ROC GAAP and US GAAP, as described in note 35 to the financial statements on 20-F.

The forward-looking statements in this release reflect the current belief of UMC as of the date of this release and UMC undertakes no obligation to update these forward-looking statements for events or circumstances that occur after such date or to reflect the occurrence of unanticipated events.

-- FINANCIAL TABLES TO FOLLOW -- UNITED MICROELECTRONICS CORPORATION Unaudited Condensed Unconsolidated Balance Sheet As of June 30, 2008 Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$) June 30, 2008 US$ NT$ % ASSETS Current Assets Cash and Cash Equivalents 838 25,418 10.4% Financial assets at fair value through profit or loss, current 109 3,309 1.4% Notes & Accounts Receivable 488 14,790 6.1% Inventories 406 12,309 5.1% Other Current Assets 84 2,546 1.0% Total Current Assets 1,925 58,372 24.0% Non-Current Assets Funds and Long-term Investments 2,041 61,903 25.5% Property, Plant and Equipment 3,707 112,430 46.2% Intangible Assets 123 3,745 1.5% Other Assets 223 6,768 2.8% Total Non-Current Assets 6,094 184,846 76.0% TOTAL ASSETS 8,019 243,218 100.0% LIABILITIES Current Liabilities Short-term Loans 15 456 0.2% Financial liabilities at fair value through profit or loss, current 1 33 0.0% Payables 500 15,135 6.2% Dividends payable 309 9,383 3.9% Other Current Liabilities 7 215 0.1% Total Current Liabilities 832 25,222 10.4% Non-Current Liabilities Financial liabilities at fair value through profit or loss, non-current 1 43 0.0% Bonds Payable 247 7,496 3.1% Other Liabilities 123 3,719 1.5% Total Non-Current Liabilities 371 11,258 4.6% TOTAL LIABILITIES 1,203 36,480 15.0% STOCKHOLDERS' EQUITY Capital Stock 4,580 138,921 57.1% Additional Paid-in Capital 2,028 61,520 25.3% Retained Earnings, Unrealized Gain on Financial Assets and Translation Adjustment 703 21,300 8.8% Treasury Stock (495) (15,003) -6.2% TOTAL STOCKHOLDERS' EQUITY 6,816 206,738 85.0% TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 8,019 243,218 100.0% Note: New Taiwan Dollars have been translated into U.S. Dollars at the June 30, 2008 exchange rate of NT$30.33 per U.S. Dollar. All figures are in ROC GAAP. UNITED MICROELECTRONICS CORPORATION Unaudited Condensed Unconsolidated Income Statement Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$) Except Per Share and Per ADS Data Year over Year Comparison Three-Month Period Ended Jun 30, 2008 Jun 30, 2007 % US$ NT$ US$ NT$ Chg. Net Sales 833 25,238 827 25,097 0.6% Cost of Goods Sold (642) (19,443) (664) (20,139) -3.5% Net Gross Profit 191 5,795 163 4,958 16.9% 23.0% 23.0% 19.8% 19.8% -- Operating Expenses -- Sales & Marketing 20 620 24 732 -15.3% -- General & Administrative 25 744 23 691 7.7% -- Research & Development 69 2,090 76 2,309 -9.5% 114 3,454 123 3,732 -7.4% Operating Income (Loss) 77 2,341 40 1,226 90.9% 9.3% 9.3% 4.9% 4.9% -- Net Non-Operating Income (Expenses) 4 120 138 4,182 -97.1% Income (Loss) from continuing operations before income tax 81 2,461 178 5,408 -54.5% 9.8% 9.8% 21.6% 21.6% -- Income Tax (Expense) Benefit (2) (64) (16) (497) -87.1% Net Income (Loss) 79 2,397 162 4,911 -51.2% 9.5% 9.5% 19.6% 19.6% -- Earnings per Share 0.006 0.19 0.009 0.28 -- Earnings per ADS (2) 0.032 0.95 0.046 1.40 -- Weighted Average Number of Shares Outstanding (in millions) -- 12,495 -- 17,780 -- UNITED MICROELECTRONICS CORPORATION Unaudited Condensed Unconsolidated Income Statement Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$) Except Per Share and Per ADS Data Quarter over Quarter Comparison Three-Month Period Ended Jun 30, 2008 Mar 31, 2008 % US$ NT$ US$ NT$ Chg. Net Sales 833 25,238 791 24,003 5.1% Cost of Goods Sold (642) (19,443) (673) (20,427) -4.8% Net Gross Profit 191 5,795 118 3,576 62.1% 23.0% 23.0% 14.9% 14.9% -- Operating Expenses -- Sales & Marketing 20 620 24 716 -13.4% -- General & Administrative 25 744 21 636 17.0% -- Research & Development 69 2,090 67 2,034 2.8% 114 3,454 112 3,386 2.0% Operating Income (Loss) 77 2,341 6 190 1,132.1% 9.3% 9.3% 0.8% 0.8% -- Net Non-Operating Income (Expenses) 4 120 3 71 69.0% Income (Loss) from continuing operations before income tax 81 2,461 9 261 842.9% 9.8% 9.8% 1.1% 1.1% -- Income Tax (Expense) Benefit (2) (64) (2) (55) 16.4% Net Income (Loss) 79 2,397 7 206 1,063.6% 9.5% 9.5% 0.9% 0.9% Earnings per Share 0.006 0.19 0.001 0.02 -- Earnings per ADS (2) 0.032 0.95 0.003 0.10 -- Weighted Average Number of Shares Outstanding (in millions) -- 12,495 -- 12,495 -- Note: (1) New Taiwan Dollars have been translated into U.S. Dollars at the June 30, 2008 exchange rate of NT$30.33 per U.S. Dollar. All figures are in ROC GAAP. (2) 1 ADS equals 5 common shares. UNITED MICROELECTRONICS CORPORATION Unaudited Condensed Unconsolidated Income Statement Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$) Except Per Share and Per ADS Data For the Three-Month Period For the year Ended Ended Jun 30, 2008 Jun 30, 2008 US$ NT$ % US$ NT$ % Net Sales 833 25,238 100.0% 1,624 49,241 100.0% Cost of Goods Sold (642) (19,443) -77.0% (1,315) (39,870) -81.0% Net Gross Profit 191 5,795 23.0% 309 9,371 19.0% Operating Expenses -- Sales & Marketing 20 620 2.5% 44 1,336 2.7% -- General & Administrative 25 744 2.9% 46 1,380 2.8% -- Research & Development 69 2,090 8.3% 136 4,124 8.4% 114 3,454 13.7% 226 6,840 13.9% Operating Income (Loss) 77 2,341 9.3% 83 2,531 5.1% Net Non-Operating Income (Expenses) 4 120 0.5% 7 191 0.4% Income (Loss) from continuing operations before income tax 81 2,461 9.8% 90 2,722 5.5% Income Tax (Expense) Benefit (2) (64) -0.3% (4) (119) -0.2% Net Income (Loss) 79 2,397 9.5% 86 2,603 5.3% Earnings per Share 0.006 0.19 -- 0.007 0.21 -- Earnings per ADS (2) 0.032 0.95 -- 0.035 1.05 -- Weighted Average Number of Shares Outstanding (in millions) -- 12,495 -- -- 12,495 -- Note: (1) New Taiwan Dollars have been translated into U.S. Dollars at the June 30, 2008 exchange rate of NT$30.33 per U.S. Dollar. All figures are in ROC GAAP. (2) 1 ADS equals 5 common shares. UNITED MICROELECTRONICS CORPORATION Unaudited Condensed Unconsolidated Statement of Cash Flows For The Six Months Ended Jun. 30, 2008 Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$) USD NTD Cash flows from operating activities: Net Income 86 2,603 Depreciation & Amortization 627 19,009 Gain on recovery in market value and obsolescence of inventories 3 106 Cash dividends received under the equity method 4 135 Investment loss accounted for under the equity method 3 87 Gain on valuation of financial assets and liabilities 26 775 Impairment loss 3 86 Gain on disposal of investments (39) (1,176) Gain on disposal of property, plant and equipment (1) (17) Exchange gain on financial assets and liabilities (0) (14) Exchange gain on long-term liabilities (6) (179) Amortization of bond discounts 0 7 Amortization of deferred income (3) (79) Change in assets, liabilities and others (102) (3,089) Net cash provided from operating activities 601 18,254 Cash flows from investing activities: Proceeds from disposal of available-for-sales financial assets 28 851 Acquisition of financial assets measured at cost (1) (37) Acquisition of long-term investments accounted for the equity method (1) (27) Acquisition of property, plant and equipment (270) (8,173) Proceeds from disposal of property, plant and equipment 1 28 Acquisition of deferred charges (16) (495) Decrease in other assets -- others 0 2 Net cash used in investing activities (259) (7,851) Cash flows from financing activities: Proceeds from short-term Loans 15 456 Redemption of bonds (749) (22,717) Decrease in deposits-in (0) (5) Net cash used in financing activities (734) (22,266) Effect of exchange rate changes on cash and cash equivalents (5) (172) Decrease in cash and cash equivalents (397) (12,035) Cash and cash equivalents at beginning of period 1,235 37,453 Cash and cash equivalents at end of period 838 25,418 Note: New Taiwan Dollars have been translated into U.S. Dollars at the June 30, 2008 exchange rate of NT$30.33 per U.S. Dollar. All figures are in ROC GAAP. Contacts: Bowen Huang or I Cheng Lu UMC, Investor Relations Tel: +886-2-2700-6999 ext. 6957 Email: bowen_huang@umc.com or i_cheng_lu@umc.com

United Microelectronics Corporation

CONTACT: Bowen Huang, or I Cheng Lu, both of UMC, Investor Relations,
+886-2-2700-6999, ext. 6957, bowen_huang@umc.com, i_cheng_lu@umc.com

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

SAP Unveils Solution for Energy ManagementSAP Industry Value Network Collaboration Results in Enhanced Functionality in SAP(R) Environmental Compliance Application to Enable Better Management, Measurement and Consumption of Energy

WALLDORF, Germany, July 30 /PRNewswire-FirstCall/ -- SAP AG today announced availability of a new solution enabling companies to more effectively measure, report and consume energy. Rising energy costs and the desire to reduce environmental impact have driven companies to seek tools enabling them to better aggregate data related to energy consumption for simplified reporting, environmental compliance and usage reduction. In response, the Industry Value Network group for chemicals worked together to develop enterprise energy management capabilities within the SAP(R) Environmental Compliance application. The release of this solution demonstrates SAP's ongoing commitment to delivering solutions to customers that enable a rapid return on investment and the implementation of sustainable business practices.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)

Identifying the need for streamlined emissions management and environmental compliance, the Industry Value Network group for chemicals set out to create a solution that would not only meet the needs of chemicals manufacturers, but can be easily applied to manufacturers in many industries. The combined strength of the SAP(R) Manufacturing Integration and Intelligence (SAP MII) application with OSIsoft's PI solution and the SAP Environmental Compliance application developed with TechniData resulted in the enterprise energy management solution. The solution enables companies to gather information on the use of energy, in all its forms, throughout the enterprise, identify areas for energy reduction, monitor the implementation of energy excellence projects, and make the results available throughout the enterprise.

"Energy costs have demanded that electricity, gas and other utilities must be considered as part of the cost of the product," said Dr. Patrick Kennedy, CEO and founder, OSIsoft. "Our customers have been starting to combine real time and event data from our PI product, and business data from SAP to determine where they stand and then, interactively, how to lower the usage of these resources. In many cases, these projects have resulted in significant and sustainable reduction of operating costs. In the current economic climate, customers are finding that the only projects that can affect the bottom line in the near term are those where information drives the savings. We are pleased to collaborate with our partners SAP and TechniData to focus on giving our customers an energy management offering for the entire enterprise that will help them achieve substantial reductions in the cost of their products as well as reduced CO2 emissions."

"Through the use of its energy and emissions management capabilities, SAP Environmental Compliance allows corporations to monitor and reduce energy use, and identify further opportunities to implement energy conservation projects, resulting in lower operating costs and greater benefits to the environment," said Jurgen Schwab, chairman and chief executive officer, TechniData AG.

Business solutions that tap into existing technology to enable improved energy consumption and rapid compliance with regulatory requirements are increasingly important. Carbon dioxide (CO2) makes up a significant percentage of total greenhouse gases, with the largest proportion of CO2 generated through energy consumption. With this in mind, the reduction of energy usage can reduce greenhouse gases, positively affecting the environment. Improved monitoring of energy consumption enables decision making that can ultimately reduce emissions and save costs along with the environment. Globally, increased legislation has been created to place requirements on the reduction of emissions. As an example, in California, greenhouse gas emissions are required to be reduced to below-1990 levels by 2010. In New York City, carbon emissions must be reduced by 30 percent by 2030, and the European Union has a common target to reduce emissions by 2010 to 6 percent below the emissions levels of 1990.

The new enterprise energy management solution takes advantage of enterprise service-oriented architecture and the SAP NetWeaver(R) technology platform to integrate the OSIsoft Real-time Performance Management solution along with the SAP Environmental Compliance application. The solution is globally available as enhanced functionality in the SAP Environmental Compliance application.

"We are delighted to see this innovative use of the Industry Value Network in addressing our customers' needs with respect to energy management and the environment," said Franz Hero, vice president, chemistry industry business unit, SAP AG. "SAP, TechniData and OSIsoft are delivering a collaborative solution that not only provides benefit in lowering the cost of operations, but leads to a positive impact on the environment. The SAP Environmental Compliance application with its enhanced functions in enterprise energy management greatly benefits our customers and the environment."

About SAP

SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With approximately 75,000 customers (includes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more information, visit http://www.sap.com/)

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

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

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

For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727) For more information, press only: Evan Welsh, +49 (6227) 7-67514, evan.welsh@sap.com, CET SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com Jim Sarlo, Burson-Marsteller, +1 (312) 596-3525, jim.sarlo@bm.com, CDT

Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com SAP AG

CONTACT: Evan Welsh, +49 (6227) 7-67514, evan.welsh@sap.com, CET, or SAP
Press Office, +49 (6227) 7-46315, CET, or +1-610-661-3200, EDT, press@sap.com,
both of SAP AG; or Jim Sarlo of Burson-Marsteller, +1-312-596-3525,
jim.sarlo@bm.com, CDT, for SAP AG

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

SAP Customers Worldwide Tout Early Success With Latest CRM OfferingCompanies Deploying SAP(R) CRM Globally to Deliver Superior Customer Value by Leveraging Information From Across the Enterprise

WALLDORF, Germany, July 30 /PRNewswire-FirstCall/ -- SAP AG today announced that companies across diverse industries have successfully deployed the new customer relationship management (CRM) application from SAP in record time to deliver superior value to their customers. By selecting the SAP(R) CRM application over competitive CRM offerings, industry leaders, including eBay, Royal Philips Electronics, Eastman Chemical, Home Shopping Europe, Apotex, StatoilHydro, Bank fuer Sozialwirtschaft and Wuerth Group, are able to leverage insights across the enterprise in order to engage with customers in exciting and innovative ways.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)

Further showing SAP's momentum, the leading independent research firm Gartner Inc. has once again ranked SAP as the No. 1 CRM vendor worldwide. According to Gartner, SAP leads the CRM market with a total market share of 25.35 percent based on total software revenue, placing it nine percentage points over its closest competitor.(1)

SAP CRM Enables Interaction With eBay's Top Customers in Europe

eBay has a global presence in 39 markets and approximately 83.9 million active users worldwide; a great deal of those trade on eBay's European marketplaces. The quality of its business relationships to key customers -- PowerSellers, top sellers and top buyers -- is critical to the success of the company. In 2007, eBay decided to implement a new CRM solution to increase the satisfaction of these key accounts, as well as to drive the overall productivity of its business. eBay selected SAP CRM to support its customer interaction center for European markets. The company implemented the interaction center and the business intelligence functionalities of the application. The clear CRM roadmap and SAP's commitment to CRM led eBay to select SAP CRM. The first European eBay country organization went live in May 2008, the last one will follow in August.

Royal Philips Electronics Excites Sales Users

Royal Philips Electronics (Sector Consumer Lifestyle), leader in healthcare, lighting and consumer lifestyle products, went live on SAP CRM 2007 with a team of sales force automation users in Canada.

"Our sales reps rave about the improved ease-of-use of the SAP CRM 2007 application, which was adopted faster than ever," said Geert van de Ven, program manager, Royal Philips Electronics. "Due to the successful implementation, we plan to expand our rollout of SAP CRM 2007 to additional users later this year."

Eastman Chemical Captures Comprehensive Customer Interactions

As a major producer of chemicals, fibers and plastics, Eastman Chemical requires a high degree of visibility into customer interactions in order to maintain customer satisfaction levels and support growth strategies. Eastman deployed SAP CRM to capture a more robust view of these customer interactions and provide improved support for sales.

"Our emphasis is on service and insight into customer relationships," said Bob Strickler, technical lead, Interaction Center project, Eastman Chemical. "The interaction center functionality of SAP CRM will quickly and easily enable us to capture interactions and create the 360-degree view of the customer for all account team members. Thanks to the flexibility and scalability of SAP CRM, we plan to complete the deployment to all our CSRs in North America by the end of this year, and finish the global deployment by mid-2009. We could not have embarked on such an ambitious undertaking without the capabilities provided by SAP CRM."

Customer is King at Home Shopping EuropeGmbH

As one of the leading shopping television channels in Germany, HSE24 (Home Shopping EuropeGmbH) has identified the multichannel approach as the key success factor for generating superior customer value. Customers can access HSE24's offerings via TV, the HSE24 Web site, telephone, e-mail or print publications. In March 2007, HSE24 bundled its 'customer is king' modernization program, where the company switched the management of customer information and service requests to SAP CRM.

With SAP CRM 2007 available, the company decided to upgrade its systems immediately and extend the scope of functionality covered by the SAP system. SAP CRM 2007 allows HSE24 to integrate internal business units, external services providers and interfaces to the back-end systems as well as to the Internet shop on a single platform. With the SAP application, HSE24 is successfully managing data of more than 6 million customers, 500,000 products and 70,000 daily order entries, with 800 call center specialists who can access the CRM system at the same time.

Apotex Lowers Cost of Customer Service Operations

Apotex, the largest Canadian-owned pharmaceutical company, uses SAP CRM 2007 and the SAP(R) NetWeaver Portal component as a platform to deliver online value-added services to pharmacists, healthcare professionals and students.

"With over 12,000 Internet customers and internal users utilizing SAP CRM 2007, we were able to consolidate five separate databases and manual processes onto one common platform," said Michael Davidson, CIO, Apotex. "This enables us to effectively track marketing programs and customer activity. The effort reduced our administrative costs and improved our visibility into customer profitability."

StatoilHydro Drives Top Line Revenue Growth

StatoilHydro is the largest seller of oil products in Scandinavia, with more than 29,000 employees in 40 countries.

"We upgraded to SAP CRM 2007 in just three months, going live in May 2008," said Trond Grahnstedt, project manager, StatoilHydro. "With the rapid rollout to 410 users in our Scandinavian subsidiaries, SAP CRM 2007 is keeping our sales pipeline filled. We plan to extend our use of the application to both e-commerce and complaints management functionalities in the future."

Bank fuer Sozialwirtschaft Strengthens Customer Orientation

Bank fuer Sozialwirtschaft (BfS), based in Cologne, Germany, selected the SAP for Banking solution portfolio in 2005 to replace a legacy core banking solution. Just two years later, BfS enhanced its SAP application landscape with a preconfigured banking solution based on SAP CRM 2007. The solution provides a consistent and comprehensive 360-degree view of all accounts and prospects for all customer-facing front- and back-office employees. Focus areas include customer and prospect management, opportunity and activity management, as well as pipeline performance management. The ease of use of SAP CRM 2007 was a key reason for BfS to select SAP and it is further supported by the integration of Microsoft Office applications with SAP CRM.

Adolf Wuerth GmbH & Co. KG Leverages End-to-End Processes to Strengthen Customer Relationships

The Wuerth Group is one of the world's leading companies in fixing and assembly materials, including screws, dowels and plugs, chemical products and other tools. To strengthen relationships with its customers, Adolf Wuerth GmbH & Co. KG (AWKG) searched for a CRM solution both able to support the industry-specific requirements of the construction industry and capable of integrating deeply with its existing SAP application landscape. As one of the first companies worldwide to do so, AWKG selected SAP CRM 2007. The application is combined with an industry-specific solution of SAP partner movento and allows comprehensive key-account management for the company's project-driven business. Additional benefits for AWKG were generated by the deep integration of SAP CRM 2007 into its existing deployment of SAP's flagship enterprise resource planning application, SAP(R) ERP, leading to tremendous improvements in efficiency.

SAP's Co-Innovation Commitment

SAP continues to build momentum by engaging closely with customers and partners to further enhance its solutions and help customers exceed their business goals.

"By collaborating closely with our customers and partners, SAP is able to deliver cutting edge solutions that uniquely leverage the strength of our end-to-end process platform, which simply cannot be offered by any other provider," said Jujhar Singh, senior vice president, CRM Product Management, SAP. "As a result, businesses are embracing SAP CRM 2007 on a global scale in an effort to interact more closely with and provide unmatched value to their customers, and thereby gain a greater competitive edge."

(1) Source: "Market Share: CRM Software, Worldwide, 2007;" Sharon Mertz, Chris Pang, Yanna Dharmasthira; June 2008. About SAP(R) CRM

SAP(R) Customer Relationship Management (SAP CRM) is an important component of the SAP(R) Business Suite. With an eye toward empowering the growing business user market, this breakthrough product has been co-innovated with leading customers and partners, and is designed to be simple and powerful to solve real business problems. SAP CRM offers capabilities such as trade promotions management, business communications management and pipeline performance management. SAP CRM features a dynamic user interface (UI) that gives business users the power to easily access all relevant information to best serve customers.

About SAP

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

For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727) For more information, press only: Saswato Das, +1 (212) 653-9571, saswato.das@sap.com, EDT Hilmar Schepp, +49 (6227) 7-46799, hilmar.schepp@sap.com, CET SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com Siobhan Lyons, Burson-Marsteller, +1 (415) 591-4012, siobhan.lyons@bm.com, PDT Amanda Lietz, Burson-Marsteller, +49 (69) 238 0954, amanda.lietz@bm.com, CET

Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com SAP AG

CONTACT: Saswato Das, +1-212-653-9571, saswato.das@sap.com, EDT, or
Hilmar Schepp, +49 (6227) 7-46799, hilmar.schepp@sap.com, CET, or SAP Press
Office, +49 (6227) 7-46315, CET, or +1-610-661-3200, EDT, press@sap.com, all
of SAP AG; or Siobhan Lyons, +1-415-591-4012, siobhan.lyons@bm.com, PDT, or
Amanda Lietz, +49 (69) 238 0954, amanda.lietz@bm.com, CET, both of
Burson-Marsteller for SAP AG

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

SAP Holds Top Rankings in Worldwide Market Share for SAP(R) Business Suite ApplicationsRenowned Independent Research Firm Ranks SAP(R) Business Suite Applications Number One in CRM, ERP and SCM Markets

WALLDORF, Germany, July 30 /PRNewswire-FirstCall/ -- SAP AG today announced that it has been named the worldwide market share leader based on total software revenue for business solutions in the customer relationship management (CRM), enterprise resource planning (ERP) and supply chain management (SCM) markets, according to 2007 market share reports published by renowned independent research firm Gartner, Inc.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)

The following is an overview of the Gartner rankings, measured by total software revenues for 2007:

-- SAP leads the CRM market, with a total market share of 25.35 percent, placing nine percentage points over its closest competitor.(1)

-- SAP leads the SCM market, with a total market share of 22.4 percent, a sizeable lead over second-ranked competitor at 16 percent.(2)

-- SAP leads the ERP market, with a total market share of 27.5 percent, far surpassing the second-ranked competitor at 13.9 percent.(3)

"We believe SAP's top leadership position throughout the Gartner Market Share reports is a shining confirmation of the value and continued trust companies place in the SAP Business Suite family of applications," said Jim Hagemann Snabe, member of the Executive Board, SAP AG. "Customers around the world consistently turn to the unmatched end-to-end integration capabilities of the SAP Business Suite to help solve complex business challenges while driving top and bottom line growth."

Within the ERP market, SAP is also further noted as the leader in several relevant categories, including financials and human capital management solutions. SAP also surpassed a major ERP milestone recently (see July 1, 2008 press release, titled "SAP Surpasses Milestone in Product Strategy as 10,000 Customers Run Latest ERP Release"), whereby SAP(R) ERP 6.0 has become the fastest adopted SAP ERP release in the company's history. Combined with the powerful functionality found in the most current versions of the SAP(R) CRM 2007 (see December 4, 2007 press release, titled "SAP Unveils Next-Generation Customer Relationship Management Solution") and SAP(R) SCM applications, the SAP(R) Business Suite family of applications is providing tangible results for customers on a global scale.

"When we realized our SAP package would literally run our business, we felt we had to place our bet with the most proven solution available," said Don Whittington, vice president and chief information officer, Florida Crystals. "Our bet with SAP has paid off handsomely. The flexibility and scalability of the software has enabled us to realize our growth objectives through acquisition and support rapidly changing business requirements. This adaptability also enables continuous improvement of business processes at Florida Crystals on a global basis."

(1) Source: "Market Share: CRM Software, Worldwide, 2007;" Sharon Mertz, Chris Pang, Yanna Dharmasthira; June 2008.

(2) Source: "Market Share: SCM Software, Worldwide, 2007;" Chad Eschinger, Yanna Dharmasthira , Koji Motoyoshi, Chris Pang; June 2008.

(3) Source: "Market Share: ERP Software, Worldwide, 2007;" Chris Pang, Chad Eschinger, Yanna Dharmasthira and Koji Motoyoshi; July 2008.

About SAP

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

For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727) For more information, press only: Saswato Das, SAP +1 (212) 653-9571, saswato.das@sap.com, EDT Hilmar Schepp, +49 (6227) 7-46799, hilmar.schepp@sap.com, CET SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com Matt Carrington, Burson-Marsteller, +1 (617) 406-1652, matt.carrington@bm.com, EDT

Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com SAP AG

CONTACT: Saswato Das, +1-212-653-9571, saswato.das@sap.com, EDT, or
Hilmar Schepp, +49 (6227) 7-46799, hilmar.schepp@sap.com, CET, or SAP Press
Office, +49 (6227) 7-46315, CET, +1-610-661-3200, EDT, press@sap.com, all of
SAP AG; or Matt Carrington of Burson-Marsteller, +1-617-406-1652,
matt.carrington@bm.com, EDT, for SAP AG

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

Wolters Kluwer - Half-Year 2008 Results

LONDON, July 30 /PRNewswire-FirstCall/ -- Wolters Kluwer, the international multi-media professional publishing company, today announced half year results that saw earnings growth of 20% .

In a video interview Nancy McKinstry, CEO and Chairman, discusses the results, updates on strategy and outlook and explains why the group changed its guidance for organic revenue growth from 4% to 3%.

Despite the guidance change Ms McKinstry said there would be an acceleration of growth in the second half of 2008, a period that was traditionally the stronger half for the group.

She said: "The fundamentals of our business remain strong and our growth prospects over the long-term are very positive. We are committed to our strategy for accelerating profitable growth by launching innovative products for our customers in terms of information, software and services."

The interview, transcript, podcast and vodcast are available now on http://w3.cantos.com/wolters_kluwer.

It's free to view. All you need to do is register at http://www.cantos.com/. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.

Wolters Kluwer

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

Liverpool Football Club Streams Live Games to Web With ViewCast EncoderUpcoming Liverpool FC Versus Rangers Match Only Available by Webcast

PLANO, Texas, July 30 /PRNewswire-FirstCall/ -- When the legendary Liverpool Football Club (LFC) squared off against FC Lucerne in a pre-season match on July 16, the game was streamed live to the LFC's Web site via a ViewCast Niagara(R) Pro streaming video encoder. A product of ViewCast Corporation (BULLETIN BOARD: VCST) , a leading global provider of audio and video encoding communication products, the Niagara Pro offers easy-to-use, professional-grade performance for the LFC to make its pre-season games available to all fans globally.

A longtime user of ViewCast's Osprey(R) video capture cards for streaming applications, Liverpoolfc.tv is testing the Niagara Pro as part of a strategy to upgrade and broaden its broadcasting capabilities, as exemplified by the recent opening of a new broadcasting center in its home city of Liverpool, England. Following successful webcasts of the FC Lucerne and Wisla Krakow friendlies on July 16 and 19 respectively, the LFC will again employ the Niagara Pro to webcast their match with the Rangers Football Club of Glasgow, Scotland on August 2. The Rangers match, a popular fixture that attracts great interest in the U.K. as well as among expatriates in the U.S. and other countries, will not be televised -- making the webcast especially crucial for bringing the action to fans.

"We've had great success with the Osprey cards, and now the Niagara Pro gives us the opportunity to jump to the next level in streaming video and deliver the absolute highest-quality video from SDI source to our fans," said Matthew Quinn, systems coordinator for the LFC. "Since the Niagara Pro is so easy to operate, our TV engineering staff can stream video without any special training, which keeps our operating costs down."

Liverpoolfc.tv has exclusive rights to the Web broadcast of most of the pre-season games. Once the regular football season begins, Liverpoolfc.tv will supplement the live game coverage with a wide range of supplemental programming including news and features about teams and players, chat and phone-in shows, and documentaries -- all produced in the new LFC TV broadcast studio.

"Streaming video on the Internet has revolutionized sports coverage by enabling fans from any location to watch live games and follow their favorite teams, even on mobile devices," said Dave Stoner, president and chief operating officer of ViewCast. "Liverpoolfc.tv is a great example of a leading sports organization that recognizes the potential of streaming media on the Web, and we're pleased that the Niagara Pro is playing such a leading role."

About Liverpool Football Club (LFC)

The Liverpool Football Club is a professional football club based in Liverpool, England. LFC plays in the Premier League, and is the most successful club in the history of English football, having won more trophies than any other English club. The club has won a record 18 English League titles and five European Cups, which is an English record. It has won the FA Cup and League Cup seven times. It is also one of only five teams to have been awarded the prestigious UEFA Badge of Honour, which was received after its fifth UEFA Champions League victory. Liverpool has a large and diverse fanbase, who hold a string of long-standing rivalries with several other clubs; the most notable of these is Everton, with whom Liverpool regularly contests the Merseyside derby. Liverpool also has a fierce rivalry with Manchester United, due to the success of both clubs, as well as their proximity to each other. For more information, visit http://www.liverpoolfc.tv/.

About ViewCast Corporation

ViewCast designs, manufactures and markets high-quality encoding products that enable users to capture, encode, and brand audio/video content for live (streaming) and video-on-demand (VOD) delivery over IP and mobile networks. User-friendly encoder appliances include the Niagara(R) Pro and portable Niagara GoStream(R) families -- all powered by their renowned Osprey(R) video capture technology. ViewCast's software, including Niagara SCX(R), Niagara SCX SDK, and Osprey SimulStream(R), enhances Osprey and Niagara hardware to configure multiple, simultaneous multi-format, multiple bit rate, and multi-resolution video streams. This array of tools empowers broadcasters, businesses, telcos, and government to expand their audience via Internet and mobile video. http://www.viewcast.com/

ViewCast, Osprey, Niagara, Niagara SCX, GoStream, SimulStream, and EZStream are trademarks or registered trademarks of ViewCast Corporation or its subsidiaries. All other trademarks appearing herein are the property of their respective owners.

ViewCast Contact: Jeff Kopang Vice President of Marketing Tel: +1 (972) 488-7200 E-mail: jeffk@viewcast.com PR Agency Contact: David Netz Wall Street Communications Tel: +1 (303) 329-0359 E-mail: dave@wallstcom.com Investor Contact: Dan Matsui Allen & Caron Tel: +1 (949) 474-4300 E-mail: d.matsui@allencaron.com

ViewCast Corporation

CONTACT: Jeff Kopang, Vice President of Marketing of ViewCast
Corporation, +1-972-488-7200, jeffk@viewcast.com; or PR Agency, David Netz of
Wall Street Communications, +1-303-329-0359, dave@wallstcom.com; or
Investors, Dan Matsui of Allen & Caron, +1-949-474-4300,
d.matsui@allencaron.com, both for ViewCast Corporation

Web site: http://www.viewcast.com/
http://www.liverpoolfc.tv/

ARM Holdings plc Reports Results for the Second Quarter and Half Year Ended 30 June 2008A Presentation of the Results Will be Webcast Today at 09:00 BST at http://www.arm.com/ir

CAMBRIDGE, England, July 30 /PRNewswire-FirstCall/ -- ARM Holdings plc ; announces its unaudited financial results for the second quarter and half year ended 30 June 2008.

Highlights (US GAAP unless otherwise stated) - Q2 revenues at $128.1m, GBP65m - Normalised operating margin at 31.5% (US GAAP 18.3%) - Normalised PBT at GBP21.1m (US GAAP GBP12.6m) - Normalised EPS at 1.17p (US GAAP 0.71p) - Strong orders increase group backlog above previous quarter's record level - Reiterating FY 2008 guidance - Processor Division (PD): Strong licensing platform driving royalty momentum - Licensing revenues down sequentially and year-on-year - Architecture license signed for current and future ARM technology with strategic OEM - H2 licensing uplift expected due to strong opportunity pipeline - Royalty revenue up 27% year-on-year - Physical IP Division (PIPD): Second quarter of sequential growth for both licensing and royalty revenues - Total revenue at $22.3m, up 5% year-on-year - Licensing revenues increased 7% sequentially to $12.6m - Royalty revenue up 33% year-on-year - Business model yields increasing cash returns - Record generation of cash in the quarter at GBP26.5m - GBP30.7m returned to shareholders in Q2 2008, GBP15.3m by dividend and GBP15.4m by share buybacks - Net cash of GBP50.6m at the end of Q2 - 2008 interim dividend announced at 0.88p per share, up 10% year-on-year Outlook

We enter the second half of 2008 with a broad product portfolio for licensing into an increasingly diverse customer base; an opportunity pipeline expected to deliver near-term license revenue and good royalty momentum across the business. We therefore reiterate the guidance for FY 2008 given in both February and April; assuming no further deterioration in the trading environment, we continue to expect to increase dollar revenues in FY 2008 by at least the growth rate achieved in FY 2007.

As in prior years, Q4 revenues are expected to be stronger than Q3 revenues based on normal seasonal impacts on development systems revenues in the third quarter and the typical strength of license and royalty revenues in the fourth quarter.

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

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

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

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

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

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

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

(1) Includes catch-up royalties in H1 2008 of $1.9m (GBP1.0m) and in H1 2007 of $2.1m (GBP1.1m).

Q2 2008 - Financial Summary Normalised* US GAAP GBPM Q2 2008 Q2 2007 % Change Q2 2008 Q2 2007 Revenue 65.0 65.5 -1% 65.0 65.5 Income before income tax 21.1 22.5 -6% 12.6 12.0 Operating margin 31.5% 32.0% 18.3% 16.0% Earnings per share (pence) 1.17 1.18 -1% 0.71 0.64 Net cash generation** 26.5 10.0 Effective fx rate ($/GBP) 1.97 1.97 H1 2008 - Financial Summary Normalised* US GAAP GBPM H1 2008 H1 2007 % Change H1 2008 H1 2007 Revenue 132.9 132.0 1% 132.9 132.0 Income before income tax 42.5 44.1 -4% 24.8 24.7 Operating margin 31.0% 31.1% 17.7% 16.5% Earnings per share (pence) 2.33 2.32 1% 1.39 1.34 Net cash generation** 40.2 25.5 Effective fx rate ($/GBP) 1.97 1.96 * Normalised figures are based on US GAAP, adjusted for acquisition-related, share-based compensation and restructuring charges. For reconciliation of GAAP measures to normalised non-GAAP measures detailed in this document, see notes 8.1 to 8.27. ** Before dividends and share buybacks, net cash flows from share option exercises and acquisition consideration - see notes 8.14 to 8.18. *** Dollar revenues are based on the group's actual dollar invoicing, where applicable, and using the rate of exchange applicable on the date of the transaction for invoicing in currencies other than dollars. Approximately 95% of invoicing is in dollars. **** Each American Depositary Share (ADS) represents three shares. Financial review (US GAAP unless otherwise stated) Total revenues

Total dollar revenues in Q2 2008 were $128.1 million, down 1% versus Q2 2007. Sterling revenues of GBP65.0 million were down 1% year-on-year. ARM's effective rate in both Q2 2008 and Q2 2007 was $1.97.

Half-year dollar revenues in 2008 amounted to $262.4 million, up 2% on H1 2007.

License revenues

Total dollar license revenues in Q2 2008 fell by 28% to $42.8 million, representing 33% of group revenues, compared to $59.3 million in Q2 2007. License revenues comprised $30.2 million from PD and $12.6 million from PIPD.

PD licensing revenue was affected by a lower number of deals that were signed in the quarter, and the timing of revenue for the deals that were signed, including a major architecture license for current and future technology where the related revenue will be recognised over a number of years.

As indicated in April, now the physical IP technology acceleration phase is largely complete, PIPD has entered a more "business-as-usual" state for the development of leading-edge technology. PIPD licensing revenues have grown sequentially, as more engineering effort has been directed towards developing technology for immediate customer delivery.

Half-year dollar license revenues were $91.0 million, down 20% versus H1 2007, comprising $66.6 million from PD and $24.4 million from PIPD.

Royalty revenues

Total dollar royalty revenues in Q2 2008 grew by 28% to $60.7 million, representing 47% of group revenues, compared to $47.4 million in Q2 2007.

PD royalties grew by 27% to $51.0 million compared to $40.1 million in Q2 2007. This was due to increased penetration of ARM technology-based chips across all applications, and continuing growth in the logic and microcontroller industry.

Total PIPD royalties grew 33% year-on-year to a record $9.7 million, including $1.1 million of catch-up royalties. Underlying royalties, excluding catch-up royalties in both periods, were up by 28% year-on-year.

Half-year royalty revenues in 2008 amounted to $124.6 million, up 24% on H1 2007.

Development Systems and Service revenues

Sales of development systems in Q2 2008 grew 15% to $16.2 million, representing 13% of group revenues, compared to $14.2 million in Q1 2008 and $14.1 million in Q2 2007. The sequential increase was partly due to a large tools licensing deal, with a tier 1 semiconductor company adopting ARM tools across multiple sites. Given that large licensing deals of this type are infrequent in this division and as a result of normal Q3 seasonality, the Q1 2008 revenue of $14.2 million is a more appropriate base when considering expected development systems revenues in the third quarter.

As indicated in April, there has been some restructuring of development systems' product lines which will give rise to a headcount reduction of about 50 within the System Design Division (SDD). As a result, a restructuring charge of GBP0.5 million has been incurred in Q2 2008. The reduction in headcount will be completed during Q3 2008.

Service revenues in Q2 2008 were $8.4 million, representing 7% of group revenues, compared to $8.4 million in Q2 2007.

Half-year development systems revenues in 2008 amounted to $30.3 million, up 9% on H1 2007. Half-year service revenues in 2008 amounted to $16.5 million, up 1% on H1 2007.

Gross margins

The gross margin in Q2 2008 was 88.8% compared to 89.2% in Q2 2007. Gross margins in Q2 2008, excluding share-based compensation charges of GBP0.2 million (see below), were 89.1% compared to 88.8% in Q1 2008 and 89.7% in Q2 2007. The lower gross margin in Q2 2008, when compared to Q2 2007, is due primarily to the higher revenue contribution from technology which includes payments to collaborative partners recorded as a cost of sale.

Gross margins for the half-year, excluding share-based compensation charges of GBP0.5 million (see below), were 89.0% compared to 89.6% for the first half of 2007.

Operating expenses and operating margin

Total operating expenses in Q2 2008 were GBP45.8 million (Q2 2007: GBP48.0 million) including amortisation of intangible assets and other acquisition-related charges of GBP4.5 million (Q2 2007: GBP4.8 million), GBP3.3 million (Q2 2007: GBP4.5 million) in relation to of share-based compensation and related payroll taxes and restructuring charges of GBP0.5 million (Q2 2007: GBP0.8 million). Total share-based compensation and related payroll tax charges of GBP3.6 million in Q2 2008 were included within cost of revenues (GBP0.2 million), research and development (GBP2.4 million), sales and marketing (GBP0.5 million) and general and administrative (GBP0.5 million). Normalised income statements for Q2 and H1 2008 and Q2 and H1 2007 are included in notes 8.24 to 8.27 below which reconcile US GAAP to the normalised non-GAAP measures referred to in this earnings release.

Operating expenses (excluding acquisition-related, share-based compensation and restructuring charges) in Q2 2008 were GBP37.5 million compared to GBP39.5 million in Q1 2008 and GBP37.8 million in Q2 2007.

The sequential decrease in operating expenses is due partly to the restructuring activities in PIPD and SDD which have contributed to a net reduction of headcount of 33 since the start of the year. More generally, we continue to manage costs carefully in the uncertain trading environment and expect operating expenses in FY 2008 to grow at no more than 4% over FY 2007.

Normalised research and development expenses were GBP15.3 million in Q2 2008, representing 23% of revenues, compared to GBP16.3 million in Q1 2008 and GBP15.5 million in Q2 2007. Normalised sales and marketing costs in Q2 2008 were GBP10.9 million, being 17% of revenues, compared to GBP11.0 million in Q1 2008 and GBP10.5 million in Q2 2007. Normalised general and administrative expenses in Q2 2008 were GBP11.3 million, representing 17% of revenues, compared to GBP12.2 million in Q1 2008 and GBP11.9 million in Q2 2007.

Normalised operating margin in Q2 2008 was 31.5% (8.1) compared to 30.6% (8.2) in Q1 2008 and 32.0% (8.3) in Q2 2007.

Earnings and taxation

Income before income tax in Q2 2008 was GBP12.6 million compared to GBP12.0 million in Q2 2007. After adjusting for acquisition-related, share-based compensation and restructuring charges, normalised income before income tax in Q2 2008 was GBP21.1 million (8.6) compared to GBP22.5 million (8.8) in Q2 2007. The group's effective tax rate under US GAAP in Q2 2008 was 27% (Q2 2007: 26%).

In Q2 2008, fully diluted earnings per share prepared under US GAAP were 0.71 pence (4.21 cents per ADS****) compared to earnings per share of 0.64 pence (3.87 cents per ADS****) in Q2 2007. Normalised fully diluted earnings per share in Q2 2008 were 1.17 pence (8.19) per share (6.96 cents per ADS****) compared to 1.18 pence (8.21) (7.11 cents per ADS****) in Q2 2007.

Balance sheet

Intangible assets at 30 June 2008 were GBP375.3 million, comprising goodwill of GBP344.7 million and other intangible assets of GBP30.6 million, compared to GBP345.2 million and GBP35.2 million respectively at 31 March 2008.

Total accounts receivable were GBP60.3 million at 30 June 2008, comprising GBP42.9 million of trade receivables and GBP17.4 million of amounts recoverable on contracts, compared to GBP72.0 million at 31 March 2008, comprising GBP53.9 million of trade receivables and GBP18.1 million of amounts recoverable on contracts. Days sales outstanding (DSOs) were 45 at 30 June 2008 compared to 52 at 31 March 2008 and 51 at 30 June 2007. The reduction in accounts receivable and DSOs has contributed to a record level of cash generated in the quarter.

Cash flow, share buyback programme and interim dividend

Net cash at 30 June 2008 was GBP50.6 million (8.11) compared to GBP55.2 million (8.12) at 31 March 2008. Normalised free cash flow in Q2 2008 was GBP26.5 million (8.14).

During the quarter, GBP15.4 million of cash was returned to shareholders through the purchase of 15 million shares. It is anticipated that the buyback programme will resume after the announcement of these results.

In respect of the year to 31 December 2008, the directors are declaring an interim dividend of 0.88 pence per share, an increase of 10% over the 2007 interim dividend of 0.80 pence per share. This interim dividend will be paid, out of the UK GAAP distributable reserves of ARM Holdings plc, on 6 October 2008 to shareholders on the register on 3 September 2008.

International Financial Reporting Standards (IFRS)

ARM reports results quarterly in accordance with US GAAP. At 30 June and 31 December each year, in addition to the US GAAP results, ARM is also required to publish results under IFRS. The operating and financial review commentary included in this release on the US GAAP numbers is for the most part applicable to the IFRS numbers and, in particular, revenues, dividends and share buybacks are recorded in the same way under both sets of accounting rules. A summary of the accounting differences between IFRS and US GAAP and reconciliations of IFRS and US GAAP profit and shareholders' equity are set out in note 7 to the financial tables below.

Operating review Backlog

Already at a record high coming into Q2, group order backlog increased sequentially and is up by more than 30% on the level at the end of Q2 2007. PD order backlog was particularly strong, up more than 50% over the end of Q2 2007.

PD licensing

Eleven processor licenses were signed with semiconductor companies in Q2 for ARM7, ARM9, ARM11, Cortex and Mali technology. Q2 also included four significant licenses with major OEMs: a leading handset OEM who bought a long-term architecture license to ARM's current and future technology for use in mobile computing; a leading aerospace OEM who licensed an ARM processor for use in embedded real-time applications; a leading consumer electronics OEM; and Cisco, a leading enterprise and consumer networking OEM, who licensed Mali200.

Three more Cortex-M3 licenses were signed in the quarter for microcontroller applications, further demonstrating the attractiveness of ARM-based solutions in this high-volume market opportunity.

Q2 2008 PD Licensing Analysis - 553 cumulative processor licenses Multi-use Term Per-use Cumulative U D N U D N U D N Total Total ARM7 1 1 155 ARM9 2 2 4 247 ARM11 1 1 66 Cortex-M3 2 1 3 21 Cortex-R4 11 Cortex-A8 10 Cortex-A9 5 Mali 1 1 2 8 Other 30 Total 11 553 U:Upgrade D:Derivative N:New

PD licensing has a healthy opportunity pipeline, which we expect to deliver higher licensing revenue in Q3 and Q4 2008 than we have seen in Q2. We have a broad portfolio of processor technologies and strong demand from semiconductor companies and OEMs across a range of applications. Also, Cortex-A9 is now available for general licensing, making our latest technology available for a much wider market.

PD royalties

Year-on-year, reported PD unit shipments grew strongly in Q2 2008 (our partners report royalties one quarter in arrears) buoyed by growth in bluetooth, digital consumer, microcontrollers, smartphones, storage (HDD and flash) and Wi-Fi. Reported processor unit shipments were 892 million, up 37% compared to Q2 2007.

The ARM7, ARM9 and ARM11 families now represent 55%, 43% and 2% of total shipments respectively. There are now four partners shipping Cortex-M3 based microcontrollers and ARM received the first royalties from Cortex-A8 based chips in the quarter. Not only does this demonstrate the longevity of ARM technology but it also underscores the material additional value to be derived from the significant license sales of ARM11 and later technology that have already been made.

For the quarter, an ARM technology-based mobile phone contained an average of 1.8 ARM microprocessors, up from 1.7 in the prior quarter. As well as smartphones containing multiple ARM technology-based chips, more feature phones are now being shipped with multiple ARM cores.

In Q2 2008, shipments of ARM-based chips in embedded devices continued to grow compared to Q2 2007. Microcontrollers were up 55% compared with Q2 2007; units shipped into enterprise applications grew by 30% driven by increased use of ARM in Wi-Fi and penetration of ARM9 into storage devices; whilst units shipped into home grew 31% driven by increased shipments of consumer electronics such as DVD, set-top-box and digital TV.

PIPD licensing

PIPD license revenue increased sequentially to $12.6 million in Q2 2008 from $11.8 million in Q1 2008. Sixteen physical IP licenses were signed in the quarter for products across the technology portfolio. This included a license to a tier 1 semiconductor company, which has now bought three significant physical IP licenses in three sequential quarters, the latest for advanced 45nm/40nm technology, demonstrating a trend for outsourcing physical IP by leading semiconductor manufacturers. This is further evidenced by STMicroelectronics buying a 40nm platform license early in Q3.

The attractiveness of ARM's combined processor and physical IP offer was illustrated again in Q2 with two additional licenses being signed which included technology from both divisions.

Q2 2008 PIPD Licensing Analysis - 379 cumulative physical IP licenses Process Node (nm) Total Platform Licenses Advantage 65 1 Standard Cell Libraries Advantage 180/90 3 Metro 180/130 5 Memory Compilers Advantage 90/65 2 Velocity PHYs 90/65/45 5 Quarter Total 16 Cumulative Total 379 PIPD royalties

PIPD royalties in Q2 2008 were a record $9.7 million, up 6% from $9.1 million in Q1 2008 and up 33% from $7.3 million in Q2 2007. Underlying royalties for PIPD were $8.6 million, up 28% year-on-year. Sequentially, underlying royalties were up 3% despite an estimated 2% decline in overall foundry shipments (source - Gartner Dataquest, July 2008).

Three semiconductor companies are now shipping ARM's 65nm physical IP in volume, including one foundry and two IDMs, demonstrating the uptake of ARM's physical IP at advanced nodes.

People

At 30 June 2008, ARM had 1,695 full-time employees, a net reduction of 33 since the end of 2007, following the restructuring activities in PIPD in Q1 2008 and in SDD in Q2 2008. At the end of Q2, the group had 626 employees based in the UK, 510 in the US, 186 in Continental Europe, 296 in India and 77 in the Asia Pacific region.

Board Role Changes

Tudor Brown has become President of ARM and Mike Inglis has become EVP and General Manager of the Processor Division. Both continue as members of the ARM Holdings Board. Tudor is responsible for developing ARM's high-level relationships with industry partners and governmental agencies and will continue to focus on his regional development role, particularly in AsiaPac. Graham Budd, who was previously EVP and General Manager of the Processor Division, has become Chief Operating Officer and continues as a member of the Executive Committee.

Legal matters

ARM had been involved in patent infringement litigation proceedings with Technology Properties Limited, Inc. The litigation has now been concluded with a ruling of non-infringement granted in ARM's favour.

Principal risks and uncertainties

The principal risks and uncertainties faced by the Group that could affect the results for the second half of 2008 and beyond are noted within the Annual Report on Form 20-F for the fiscal year ended 31 December 2007. There have been no changes to these risks that would materially impact the Group in the foreseeable future. These include but are not limited to: ARM's quarterly results may fluctuate significantly and be unpredictable which could adversely affect the market price of ARM ordinary shares; general economic conditions may reduce ARM's revenues and harm its business; ARM competes in the intensely competitive semiconductor market and ARM may not operate systems which comply fully with the requirement of the Sarbanes-Oxley Act.

ARM Holdings plc Second Quarter and Six Month Results - US GAAP Quarter Quarter Six months Six months ended ended ended ended 30 June 30 June 30 June 30 June 2008 2007 2008 2007 Unaudited Unaudited Unaudited Unaudited GBP'000 GBP'000 GBP'000 GBP'000 Revenues Product revenues 60,772 61,215 124,589 123,515 Service revenues 4,243 4,317 8,314 8,509 Total revenues 65,015 65,532 132,903 132,024 Cost of revenues Product costs (5,358) (5,421) (11,158) (11,059) Service costs (1,953) (1,636) (3,993) (3,226) Total cost of revenues (7,311) (7,057) (15,151) (14,285) Gross profit 57,704 58,475 117,752 117,739 Research and development (17,764) (18,460) (36,730) (37,457) Sales and marketing (11,351) (11,430) (22,905) (23,336) General and administrative (11,805) (12,659) (24,507) (25,121) Restructuring costs (469) (814) (1,187) (814) Amortization of intangibles purchased through (4,404) (4,612) (8,834) (9,267) business combination Total operating expenses (45,793) (47,975) (94,163) (95,995) Income from operations 11,911 10,500 23,589 21,744 Interest, net 653 1,520 1,224 2,977 Income before income tax 12,564 12,020 24,813 24,721 Provision for income taxes (3,455) (3,173) (6,762) (6,297) Net income 9,109 8,847 18,051 18,424 Earnings per share (assuming dilution) Shares outstanding ('000) 1,290,856 1,374,410 1,297,283 1,376,270 Earnings per share - pence 0.7 0.6 1.4 1.3 Earnings per ADS (assuming dilution) ADSs outstanding ('000) 430,285 458,137 432,428 458,757 Earnings per ADS - cents 4.2 3.9 8.3 8.1 ARM Holdings plc Consolidated balance sheet - US GAAP 30 June 31 December 2008 2007 Unaudited Audited GBP'000 GBP'000 Assets Current assets: Cash and cash equivalents 50,450 49,509 Short-term investments 194 232 Marketable securities - 1,582 Accounts receivable, net of allowance of GBP1,502,000 in 2008 and GBP1,504,000 in 2007 60,254 68,232 Inventory: finished goods 2,303 2,339 Income taxes receivable 7,172 6,552 Prepaid expenses and other assets 20,524 13,089 Investments - 1,180 Total current assets 140,897 142,715 Deferred income taxes 13,584 11,309 Prepaid expenses and other assets 2,486 2,860 Property and equipment, net 10,563 12,042 Goodwill 344,662 344,663 Other intangible assets 30,635 39,375 Investments 4,944 3,701 Total assets 547,771 556,665 Liabilities and shareholders' equity Accounts payable 2,347 2,230 Income taxes payable 13,305 3,704 Personnel taxes 1,938 1,751 Accrued liabilities 19,958 25,670 Deferred revenue 29,148 27,543 Total current liabilities 66,696 60,898 Deferred income taxes 1,050 2,027 Total liabilities 67,746 62,925 Shareholders' equity Ordinary shares 672 672 Additional paid-in capital 374,975 367,680 Treasury stock, at cost (101,679) (90,000) Retained earnings 224,188 234,455 Accumulated other comprehensive income: Unrealized holding loss on available-for-sale securities, net of tax of GBPnil (2007: GBP85,000) (87) (214) Cumulative translation adjustment (18,044) (18,853) Total shareholders' equity 480,025 493,740 Total liabilities and shareholders' equity 547,771 556,665 ARM Holdings plc Consolidated income statement - IFRS Six months Six months Year ended ended ended 30 June 30 June 31 December 2008 2007 2007 Unaudited Unaudited Audited GBP'000 GBP'000 GBP'000 Revenues Product revenues 124,589 123,515 242,726 Service revenues 8,314 8,509 16,434 Total revenues 132,903 132,024 259,160 Cost of revenues Product costs (11,158) (11,059) (21,475) Service costs (see note 2) (4,013) (3,282) (6,630) Total cost of revenues (15,171) (14,341) (28,105) Gross profit 117,732 117,683 231,055 Operating expenses Research and development (see note 2) (42,048) (42,944) (83,977) Sales and marketing (see note 2) (26,807) (27,845) (55,298) General and administrative (see note 2) (25,906) (26,013) (52,086) Total net operating expenses (94,761) (96,802) (191,361) Profit from operations 22,971 20,881 39,694 Investment income 1,251 2,977 5,459 Interest payable (27) - (57) Profit before tax 24,195 23,858 45,096 Tax (9,098) (6,452) (9,846) Profit for the period 15,097 17,406 35,250 Dividends - final 2006 paid (on 21 May 2007) at 0.6 pence per share - 8,013 8,013 - interim 2007 paid (on 5 October 2007) at 0.8 pence per share - - 10,534 - final 2007 paid (on 21 May 2008) at 1.2 pence per share 15,267 - - - interim 2008 proposed at 0.88 pence per share 11,094 - - Earnings per share Basic and diluted earnings 15,097 17,406 35,250 Number of shares ('000) Basic weighted average number of shares 1,272,758 1,334,892 1,321,860 Effect of dilutive securities: Share options and awards 20,967 33,882 39,301 Diluted weighted average number of Shares 1,293,725 1,368,774 1,361,161 Basic EPS 1.2p 1.3p 2.7p Diluted EPS 1.2p 1.3p 2.6p All activities relate to continuing operations.

All of the profit for the period is attributable to the equity shareholders of the parent.

ARM Holdings plc Consolidated balance sheet - IFRS 30 June 31 December 2008 2007 Unaudited Audited GBP'000 GBP'000 Assets Current assets: Financial assets: Cash and cash equivalents 50,450 49,509 Short-term investments 194 232 Short-term marketable securities - 1,582 Available-for-sale investments - 1,180 Fair value of currency exchange contracts 142 - Accounts receivable 60,254 68,232 Prepaid expenses and other assets 20,382 13,089 Current tax assets 7,172 6,552 Inventories: finished goods 2,303 2,339 Total current assets 140,897 142,715 Non-current assets: Financial assets: Available-for-sale investments 4,944 3,701 Prepaid expenses and other assets 2,486 2,860 Property, plant and equipment 8,412 9,336 Goodwill 419,381 420,835 Other intangible assets 34,482 44,264 Deferred tax assets 18,516 19,233 Total non-current assets 488,221 500,229 Total assets 629,118 642,944 Liabilities and shareholders' equity Current liabilities: Financial liabilities: Accounts payable 2,347 2,230 Fair value of currency exchange contracts - 496 Current tax liabilities 13,305 3,704 Accrued and other liabilities 22,054 28,174 Deferred revenue 29,148 27,543 Total current liabilities 66,854 62,147 Net current assets 74,043 80,568 Non-current liabilities: Deferred tax liabilities 1,050 1,635 Total liabilities 67,904 63,782 Net assets 561,214 579,162 Capital and reserves attributable to equity holders of the Company Share capital 672 672 Share premium account 351,578 351,578 Share option reserve 61,474 61,474 Retained earnings 166,223 185,125 Revaluation reserve (87) (214) Cumulative translation adjustment (18,646) (19,473) Total equity 561,214 579,162 ARM Holdings plc Consolidated cash flow statement - IFRS Six months Six months Year ended ended ended 30 June 30 June 31 December 2008 2007 2007 Unaudited Unaudited Audited GBP'000 GBP'000 GBP'000 Operating activities Profit from operations 22,971 20,881 39,694 Depreciation and amortisation of tangible and intangible assets 13,046 13,675 26,907 Loss on disposal of property, plant and Equipment 3 353 317 Compensation charge in respect of share-based payments 7,733 8,611 16,786 Impairment of investments - - 2,100 Provision for doubtful debts 49 265 215 Provision for obsolescence of inventory (62) 69 247 Movement in fair value of currency exchange contracts (638) (73) 935 Changes in working capital: Accounts receivable 8,011 (6,830) 260 Inventories 98 (688) (653) Prepaid expenses and other assets (4,159) (3,571) (3,291) Accounts payable 117 4,179 404 Deferred revenue 1,605 1,072 (3,877) Accrued and other liabilities (3,127) (7,400) (7,954) Cash generated by operations before tax 45,647 30,543 72,090 Income taxes paid (4,541) (3,519) (12,265) Net cash from operating activities 41,106 27,024 59,825 Investing activities Interest received 971 3,041 5,607 Purchases of property, plant and (1,920) (1,680) (4,661) equipment Purchases of other intangible assets (214) (1,557) (3,332) Purchases of available-for-sale investments (1,029) - (2,657) Proceeds on disposal of available-for-sale investments 1,478 - - Maturity of short-term investments 1,533 21,737 35,937 Purchases of subsidiaries, net of cash acquired (1,446) (3,307) (3,357) Net cash from / (used in) investing activities (627) 18,234 27,537 Financing activities Issue of shares - 5,509 5,509 Proceeds received on issuance of shares from treasury 3,718 6,486 13,383 Purchase of own shares (28,448) (45,736) (128,561) Dividends paid to shareholders (15,267) (8,013) (18,547) Net cash used in financing activities (39,997) (41,754) (128,216) Net increase / (decrease) in cash and cash equivalents 482 3,504 (40,854) Cash and cash equivalents at beginning of period 49,509 90,743 90,743 Effect of foreign exchange rate changes 459 (1,323) (380) Cash and cash equivalents at end of period 50,450 92,924 49,509 ARM Holdings plc Consolidated statement of changes in shareholders' equity - IFRS Share Share Share premium option Retained capital account reserve earnings GBP'000 GBP'000 GBP'000 GBP'000 At 1 January 2007 695 449,195 61,474 161,453 (audited) Dividends - - - (8,013) Movement on tax arising on share options - - - 1,212 Purchase of own shares - - - (37,594) Appropriation for future cancellation of shares - - - (8,142) Proceeds from sale of own shares - - - 6,486 Unrealised holding losses on available-for-sale investments* - - - - Currency translation adjustment - - - - Total expense recognised directly in equity in the period - - - (46,051) Shares issued on exercise of options 5 5,504 - - Profit for the period - - - 17,406 Credit in respect of employee share schemes - - - 8,611 At 30 June 2007 (unaudited) 700 454,699 61,474 141,419 Dividends - - - (10,534) Movement on tax arising on share options - - - 1,000 Purchase of own shares - - - (82,825) Cancellation of shares (28) - - 28 Cancellation of share premium account - (103,121) - 103,121 Proceeds from sale of own shares - - - 6,897 Unrealised holding losses on available-for-sale investments* - - - - Currency translation adjustment - - - - Total income / (expense) recognised directly in equity in the period (28) (103,121) - 17,687 Profit for the period - - - 17,844 Credit in respect of employee share schemes - - - 8,175 At 31 December 2007 (audited) 672 351,578 61,474 185,125 Dividends - - - (15,267) Movement on tax arising on share options - - - (1,735) Purchase of own shares - - - (28,448) Proceeds from sale of own shares - - - 3,718 Realised gain on available-for-sale investment** - - - - Unrealised holding losses on available-for-sale investments* - - - - Currency translation adjustment - - - - Total income / (expense) recognised directly in equity in the period - - - (41,732) Profit for the period - - - 15,097 Credit in respect of employee share schemes - - - 7,733 At 30 June 2008 (unaudited) 672 351,578 61,474 166,223 ARM Holdings plc Consolidated statement of changes in shareholders' equity - IFRS (cont.) Revaluation Cumulative reserve translation adjustment Total GBP'000 GBP'000 GBP'000 At 1 January 2007 (audited) (544) (11,347) 660,926 Dividends - - (8,013) Movement on tax arising on share options - - 1,212 Purchase of own shares - - (37,594) Appropriation for future cancellation of shares - - (8,142) Proceeds from sale of own shares - - 6,486 Unrealised holding losses on available-for-sale investments* (401) - (401) Currency translation adjustment - (13,413) (13,413) Total expense recognised directly in equity in the period (401) (13,413) (59,865) Shares issued on exercise of options - - 5,509 Profit for the period - - 17,406 Credit in respect of employee share schemes - - 8,611 At 30 June 2007 (unaudited) (945) (24,760) 632,587 Dividends - - (10,534) Movement on tax arising on share options - - 1,000 Purchase of own shares - - (82,825) Cancellation of shares - - - Cancellation of share premium account - - - Proceeds from sale of own shares - - 6,897 Unrealised holding losses on available-for-sale investments* 731 - 731 Currency translation - 5,287 5,287 adjustment Total income / (expense) recognised directly in equity in the period 731 5,287 (79,444) Profit for the period - - 17,844 Credit in respect of employee share schemes - - 8,175 At 31 December 2007 (audited) (214) (19,473) 579,162 Dividends - - (15,267) Movement on tax arising on share options - - (1,735) Purchase of own shares - - (28,448) Proceeds from sale of own shares - - 3,718 Realised gain on available-for-sale investment** 214 - 214 Unrealised holding losses on available-for-sale investments* (87) - (87) Currency translation adjustment - 827 827 Total income / (expense) recognised directly in equity in the period 127 827 (40,778) Profit for the period - - 15,097 Credit in respect of employee share schemes - - 7,733 At 30 June 2008 (unaudited) (87) (18,646) 561,214

* Net of tax of GBP0.2 million in H1 2007, GBP0.3 million in H2 2007 and GBPnil in H1 2008.

** Net of tax of GBP0.1 million Notes to the Financial Information (1) Basis of preparation US GAAP

The financial information prepared in accordance with the Company's US GAAP accounting policies comprises the consolidated balance sheets as of 30 June 2008 and 31 December 2007 and related income statements for the three and six months ended 30 June 2008 and 2007, together with related notes. In preparing this financial information management has used the principal accounting policies as set out in the Company's annual financial statements and Form 20-F for the year ended 31 December 2007.

International Financial Reporting Standards

The financial information prepared in accordance with the Group's IFRS accounting policies comprises the consolidated balance sheets as of 30 June 2008 and 31 December 2007 and related consolidated statements of income, changes in shareholders' equity and cash flows for the six months ended 30 June 2008 and 2007 and year ended 31 December 2007, together with related notes. This financial information has been prepared in accordance with the Disclosure and Transparency Rules of the Financial Services Authority and with IAS 34, "Interim financial reporting", as adopted by the European Union. In preparing this financial information management has used the principal accounting policies as set out in the Group's annual financial statements for the year ended 31 December 2007.

The following new standards, amendments to standards or interpretations are mandatory for the first time for the financial year beginning 1 January 2008, but are not currently relevant for the Group:

a. IFRIC 12, 'Service concession arrangements'.

b. IFRIC 14, 'IAS 19 - the limit on a defined benefit asset, minimum funding requirements and their interaction'.

(2) Share-based compensation charges and acquisition-related expenses

Included within the US GAAP income statement for the quarter ended 30 June 2008 are share-based compensation charges of GBP3.6 million: GBP0.2 million in cost of revenues, GBP2.4 million in research and development costs, GBP0.5 million in sales and marketing costs and GBP0.5 million in general and administrative costs. Included within the US GAAP income statement for the six months ended 30 June 2008 are share-based compensation charges of GBP7.5 million: GBP0.5 million in cost of revenues, GBP5.0 million in research and development costs, GBP1.0 million in sales and marketing costs and GBP1.0 million in general and administrative costs.

Included within the IFRS income statement for the six months ended 30 June 2008 are total share-based payment costs of GBP7.7 million (H1 2007: GBP9.2 million; FY 2007: GBP18.3 million), allocated GBP0.5 million (H1 2007: GBP0.5 million; FY 2007: GBP1.1 million) in cost of revenues, GBP5.2 million (H1 2007: GBP5.4 million; FY 2007: GBP10.7 million) in research and development costs, GBP1.0 million (H1 2007: GBP1.8 million; FY 2007: GBP3.6 million) in sales and marketing costs and GBP1.0 million (H1 2007: GBP1.5 million; FY 2007: GBP2.9 million) in general and administrative costs.

Also included within IFRS operating costs for the six months ended 30 June 2008 is amortization of intangibles of GBP9.3 million (H1 2007: GBP9.8 million; FY 2007: GBP19.2 million), allocated GBP5.1 million (H1 2007: GBP5.1 million; FY 2007: GBP10.0 million) in research and development costs, GBP3.9 million (H1 2007: GBP4.4 million; FY 2007: GBP8.5 million) in sales and marketing costs and GBP0.3 million (H1 2007: GBP0.3 million; FY 2007: GBP0.7 million) in general and administrative costs.

(3) Accounts receivable

Included within accounts receivable at 30 June 2008 are GBP17.4 million (31 December 2007: GBP24.5 million) of amounts recoverable on contracts.

(4) Consolidated statement of changes in shareholders' equity (US GAAP) Additional Share paid-in Treasury Retained capital capital stock earnings GBP'000 GBP'000 GBP'000 GBP'000 At 1 January 2008 672 367,680 (90,000) 234,455 Net income - - - 18,051 Dividends - - - (15,267) Tax effect of - (689) - - option exercises Amortization of deferred compensation - 6,733 - - Conversion of liability award to equity award - 1,251 - - Issuance of shares from treasury - - 16,769 (13,051) Purchase of own shares - - (28,448) - Other comprehensive income: Realized holding losses on available-for-sale securities (net of tax of GBP84,000) - - - - Unrealized holding losses on available-for-sale securities (net of tax of GBPnil) - - - - Currency translation adjustment - - - - At 30 June 2008 672 374,975 (101,679) 224,188 (4) Consolidated statement of changes in shareholders' equity (US GAAP) (Continued) Unrealized Cumulative holding translation gain/(loss) adjustment GBP'000 GBP'000 Total GBP'000 At 1 January 2008 (214) (18,853) 493,740 Net income - - 18,051 Dividends - - (15,267) Tax effect of - - (689) option exercises Amortization of Deferred compensation - - 6,733 Conversion of liability award to equity award - - 1,251 Issuance of shares from treasury - - 3,718 Purchase of own) shares - - (28,448) Other comprehensive income: Realized holding losses on available-for-sale securities (net of tax of GBP84,000) 214 - 214 Unrealized holding losses on available-for-sale securities (net of tax of GBPnil) (87) - (87) Currency translation adjustment - 809 809 At 30 June 2008 (87) (18,044) 480,025 (5) Consolidated statement of comprehensive income (US GAAP) Q2 2008 Q1 2008 Q2 2007 H1 2008 H1 2007 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 Net income 9,109 8,942 8,847 18,051 18,424 Realized gain on available-for-sale security, net of tax - 214 - 214 - Unrealized holdings gains / (losses) on available-for-sale security, net of tax (19) (68) (145) (87) (375) Currency translation adjustment (880) 1,689 (10,523) 809 (11,450) Total comprehensive income / (loss) 8,210 10,777 (1,821) 18,987 6,599 (6) Segmental reporting (IFRS)

At 30 June 2008, the Group is organised on a worldwide basis into three main business segments:

Processor Division (PD), encompassing those resources that are centred around microprocessor cores, including specific functions such as graphics IP, fabric IP and embedded software.

Physical IP Division (PIPD), concerned with the building blocks necessary for translation of a circuit design into actual silicon.

Systems Design Division (SDD), focused on the tools and models used to create and debug software and system-on-chip (SoC) designs.

The following analysis is of revenues; operating costs; investment income; interest payable; profit/(loss) before tax, tax; profit/(loss) for the period; amortisation of other intangible assets and share-based payment costs for each segment and the Group in total. There have been no material changes to the segmental split of net assets since those disclosed in the 2007 annual report.

Business segment information Physical Systems Processor IP Design Division Division Division Unallocated Group Six months ended 30 June 2008 GBP000 GBP000 GBP000 GBP000 GBP000 Segmental income statement Revenue 95,720 21,859 15,324 - 132,903 Operating costs (58,651) (32,178) (19,320) 217 (109,932) Investment income - - - 1,251 1,251 Interest payable - - - (27) (27) Profit/(loss) before tax 37,069 (10,319) (3,996) 1,441 24,195 Tax - - - (9,098) (9,098) Profit/(loss) for the period 37,069 (10,319) (3,996) (7,657) 15,097 Other segmental items (included in operating costs above) Amortisation of other intangible assets 616 7,343 1,366 - 9,325 Share-based payment cost 5,258 1,160 1,315 - 7,733 Physical Systems Processor IP Design Division Division Division Unallocated Group Six months ended 30 June 2007 GBP000 GBP000 GBP000 GBP000 GBP000 Segmental income statement Revenue 94,300 23,642 14,082 - 132,024 Operating costs (58,928) (32,377) (20,518) 680 (111,143) Investment income - - - 2,977 2,977 Profit/(loss) before tax 35,372 (8,735) (6,436) 3,657 23,858 Tax - - - (6,452) (6,452) Profit/(loss) for the period 35,372 (8,735) (6,436) (2,795) 17,406 Other segmental items (included in operating costs above) Amortisation of other intangible assets 616 7,531 1,611 - 9,758 Share-based payment cost 5,855 1,292 1,464 - 8,611

There are no inter-segment revenues. Unallocated operating costs are foreign exchange revaluation on monetary items, including cash and cash equivalents. Unallocated assets and liabilities include: cash and cash equivalents; short-term investments and marketable securities; some deferred tax balances; current tax and VAT.

The results of each segment have been prepared using accounting policies consistent with those of the Group as a whole.

(7) Summary of significant differences between US GAAP and IFRS

Goodwill Under both IFRS and US GAAP, goodwill is not subject to amortisation, but is tested at least annually for impairment. As permitted by IFRS 1, the Company's goodwill under IFRS has been frozen at the amount recorded under UK GAAP as at 1 January 2004. Under US GAAP, following the provisions of SFAS 142, "Goodwill and other intangible assets", the carrying value of goodwill was frozen at the amount recorded under previous US GAAP as at 1 January 2002. Under both previous US GAAP and UK GAAP, goodwill was amortised over its useful economic life. Thus, while ongoing accounting policies in respect of goodwill are similar under US GAAP and IFRS, the difference in the dates of transition means that different amounts of goodwill are recorded.

Under US GAAP, certain costs to be incurred on restructuring on business combination are treated as a fair value adjustment in the balance sheet acquired. Under IFRS, these costs are expensed post-acquisition. Additionally, under US GAAP, tax benefits arising from the exercise of options issued as part of the consideration for a business combination become a deduction to goodwill, only to the extent that those benefits do not exceed the fair value of the consideration relating to those options at the appropriate tax rate. Any excess tax benefits are a deduction to equity. Under IFRS, the full tax benefit is a deduction to equity.

Where provisional assessments of the fair values of assets and liabilities acquired on acquisition are refined, adjustments to fair values are recorded as prior year adjustments to goodwill under IFRS. Under US GAAP, such revisions are recorded as amendments to goodwill in the subsequent year.

Recognition and amortisation of intangibles

The Company has taken advantage of the exemption under IFRS 1 not to apply IFRS retrospectively to business combinations occurring before 1 January 2004. This means that for business combinations occurring before this date, the previously reported UK GAAP treatment has continued to be followed. Under previous UK GAAP, intangible assets were recognised separately from goodwill only where they could be sold separately without disposing of a business of the entity. This separability criterion does not apply under either IFRS or US GAAP. Thus, a number of intangible assets which are required to be recognised separately from goodwill under both IFRS 3 and SFAS 142, were subsumed within goodwill under UK GAAP. Under both US GAAP and IFRS, such intangible assets are amortised over their useful economic lives. Except in relation to in-process research and development (see below), there is no difference in accounting policy for intangible assets recognised as a result of business combinations entered into after 1 January 2004.

In-process research and development

Under IFRS, in-process research and development projects purchased as part of a business combination may meet the criteria set out in IAS 38, "Intangible assets", for recognition as intangible assets other than goodwill and are amortised over their useful economic lives commencing when the asset is brought into use. Under US GAAP, in-process research and development is immediately written-off to the income statement. This accounting policy difference gives rise to an associated difference in deferred tax.

Valuation of consideration on business combination

Under both IFRS and US GAAP, the fair value of consideration in a business combination includes the fair value of both equity issued and any share options granted as part of that combination. Under IFRS, any equity issued is valued at the fair value as of the date of completion, whilst under US GAAP, the equity is valued at the date the terms of the combination were agreed to and announced. For options, under US GAAP, the fair value is based upon the total number of options granted, both vested and unvested, whilst under IFRS the fair value only includes those that have vested, together with a pro-rata value for partially vested options. Furthermore, where there is contingent consideration for an acquisition, under IFRS this is recognised as part of the purchase consideration if the contingent conditions are expected to be satisfied, whilst under US GAAP it is only recognised if the conditions have actually been met, other than to the extent necessary to eliminate any potential negative goodwill under US GAAP.

Deferred compensation

Under US GAAP, the intrinsic value of unvested stock options issued by an acquirer as part of a business combination in exchange for unvested share options of the acquiree is recorded as a debit balance within shareholders' funds. This amount is charged to the income statement over the vesting period of the share options in accordance with FIN 28. Under IFRS, no such adjustment to shareholders' funds is made on acquisition. In accordance with FAS No. 123 (revised 2004) (FAS 123(R)), "Share-based payment", the unamortised balance has been transferred to additional paid-in capital.

Compensation charge in respect of share-based payments

The Company issues equity-settled share-based payments to certain employees. In accordance with IFRS 2, equity-settled share-based payments are measured at fair value at the date of grant, using the Black-Scholes pricing model. The fair value, determined at the grant date of the equity-settled share-based payments, is expensed on a straight-line basis over the vesting period, based on the Company's estimate of the number of shares that will eventually vest.

Under US GAAP, the Company also expenses share-based payments, including employee stock-options, based on their fair value in accordance with FAS 123(R). Some awards made by the Company are liability-classified awards under FAS 123(R) as either: (i) there is an obligation to settle a fixed monetary amount in a variable number of shares; or (ii) the award is indexed to a factor other than performance, market or service condition. The fair value of these awards is remeasured at each period end until the award has vested. Once the award has vested, or for (i) above when number of shares becomes fixed, the award becomes equity-classified.

Deferred tax on UK and US share options

In the US and the UK, the Company is entitled to a tax deduction for the amount treated as employee compensation under US and UK tax rules on exercise of certain employee share options. The compensation is equivalent to the difference between the option exercise price and the fair market value of the shares at the date of exercise.

Under IFRS, deferred tax assets are recognised and are calculated by comparing the estimated amount of tax deduction to be obtained in the future (based on the Company's share price at the balance sheet date) with the cumulative amount of the compensation expense recorded in the income statement. If the amount of estimated future tax deduction exceeds the cumulative amount of the remuneration expense at the statutory tax rate, the excess is recorded directly in equity, against the retained earnings. In accordance with the transitional provisions of IFRS 2, no compensation charge is recorded in respect of options granted before 7 November 2002 or in respect of those options which have been exercised or have lapsed before 31 December 2004. Nevertheless, tax deductions have arisen and will continue to arise on these options. The tax effects arising in relation to these options are recorded directly in equity, against retained earnings.

Under US GAAP, deferred tax assets are recognised by multiplying the compensation expense recorded by the prevailing tax rate in the relevant tax jurisdiction. Where, on exercise of the relevant option, the tax benefit obtained exceeds the deferred tax asset in relation to the relevant options, the excess is recorded in additional paid-in capital. Where the tax benefit is less than the deferred tax asset, the write-down of the deferred tax asset is recorded against additional paid-in capital to the extent of previous excess tax benefits recorded in this account, with any remainder recorded in the income statement.

Employer taxes on share-based remuneration

Under IFRS, employer's taxes that are payable on the exercise or vesting of share-based remuneration are provided for over the vesting period of the related option or award. Under US GAAP, such taxes are accounted for when the option or award is exercised or vests respectively.

Accrued legal costs

Under IFRS, future legal fees that the Company is expecting to incur on current cases are accrued when the obligating event giving rise to the legal costs has occurred. Under US GAAP, such costs are charged to the income statement in the period in which the costs are incurred.

Available-for-sale investment impairment

Accounting for impairments to available-for-sale investments is similar under both US GAAP and IFRS. However, because the relevant standards were applied to different accounting periods, an investment which was deemed to have suffered an other-than-temporary impairment in a prior period under US GAAP (with a corresponding charge being recognized in the income statement) was accounted for as a temporary impairment under IFRS (with the corresponding charge being recognized directly in reserves). In 2007, a further other-than-temporary impairment was made under both GAAPs with the result that the cumulative other-than-temporary impairments are now equal. Consequently a greater charge was made through the 2007 IFRS income statement, as the charge under IFRS included the amount previously deemed to be temporary under IFRS but other-than-temporary under US GAAP.

Reconciliation of IFRS profit to US GAAP net income Six months Six months Year ended ended ended 30 June 30 June 31 December 2008 2007 2007 Unaudited Unaudited Audited GBP'000 GBP'000 GBP'000 Profit for financial period as reported 15,097 17,406 35,250 under IFRS Adjustments for: Amortisation of intangibles 491 491 969 Deduct : US GAAP compensation charge in respect of all share-based payments (7,010) (8,504) (15,979) Add: IFRS compensation charge in respect of all share-based payments 7,733 8,611 16,786 Employer's taxes on share-based remuneration, net of tax (311) 620 855 Provision for legal costs, net of tax (106) (238) (609) Provisions against available-for-sale investment - - 938 Tax on UK and US share options (906) (851) (3,708) Tax difference on amortisation of intangibles (203) (203) (400) Tax difference on share-based remuneration 3,266 709 3,517 Other tax differences - 397 (838) Foreign exchange on contingent consideration - (14) 61 Net income as reported under US GAAP 18,051 18,424 36,842 Reconciliation of shareholders' equity 30 June 31 December from IFRS 2008 2007 to US GAAP Unaudited Audited GBP'000 GBP'000 Shareholders' equity as reported under IFRS 561,214 579,162 Adjustments for: Utilisation of restructuring provision 1,368 1,368 Cumulative difference on amortisation of goodwill 2,713 2,713 Cumulative difference on amortisation of intangibles 2,815 2,324 Cumulative write-off of in-process research and development (4,692) (4,692) Valuation of equity consideration on acquisition (82,435) (82,435) Valuation of option consideration on acquisition 17,476 17,476 Deferred compensation on acquisition (9,579) (9,579) Liability-classified share awards (674) (1,649) Employer's taxes on share-based 832 1,277 remuneration Provision for legal costs, net of tax - 106 Cumulative difference on deferred tax (1,496) (1,426) Deferred tax on share-based payments (5,362) (8,768) Portion of tax benefit arising on exercise of options issued on acquisition taken to goodwill under US GAAP (4,844) (4,844) Foreign exchange on valuation of intangible assets and deferred tax 2,689 2,707 Foreign exchange on valuation of - - contingent consideration Shareholders' equity as reported under US GAAP 480,025 493,740 Reconciliation of goodwill from IFRS to US GAAP 30 June 31 December 2008 2007 Unaudited Audited GBP'000 GBP'000 Goodwill as reported under IFRS 419,381 420,835 Adjustments for: Valuation of restructuring provision on acquisition 1,235 1,235 Cumulative difference on amortisation of goodwill 2,713 2,713 Separately identifiable intangible assets (302) (302) Cumulative write-off of in-process research and development (150) (150) Valuation of equity consideration on acquisition (82,435) (82,435) Valuation of option consideration on acquisition 17,476 17,476 Contingent consideration - (1,339) Portion of tax benefit arising on exercise of options issued on acquisition taken to goodwill under US GAAP (4,248) (4,248) Deferred tax on capitalised in-process research and development (1,570) (1,570) Deferred compensation on acquisition (9,579) (9,579) Foreign exchange on revaluation of goodwill 2,141 2,027 Goodwill as reported under US GAAP 344,662 344,663 (8) Non-GAAP measures

The following non-GAAP measures, including reconciliations to the US GAAP measures, have been used in this earnings release. These measures have been presented as they allow a clearer comparison of operating results that exclude acquisition-related charges, stock-based compensation and restructuring charges and profit on disposal and impairment of available-for-sale investments. All figures in GBP'000 unless otherwise stated.

(8.1) (8.2) (8.3) (8.4) (8.5) Q2 2008 Q1 2008 Q2 2007 H1 2008 H1 2007 Income from operations (US GAAP) 11,911 11,678 10,500 23,589 21,744 Restructuring costs 469 718 814 1,187 814 Acquisition-related charge - 4,404 4,430 4,612 8,834 9,267 amortization of intangibles Acquisition-related charge - other payments 115 45 209 160 606 Stock-based compensation and related payroll taxes 3,580 3,899 4,807 7,479 8,679 Normalised income from operations 20,479 20,770 20,942 41,249 41,110 As % of revenue 31.5% 30.6% 32.0% 31.0% 31.1% (8.6) (8.7) (8.8) (8.9) (8.10) Q2 2008 Q1 2008 Q2 2007 H1 2008 H1 2007 Income before income tax (US GAAP) 12,564 12,249 12,020 24,813 24,721 Restructuring costs 469 718 814 1,187 814 Acquisition-related charge - amortization of intangibles 4,404 4,430 4,612 8,834 9,267 Acquisition-related charge - other payments 115 45 209 160 606 Stock-based compensation and related payroll taxes 3,580 3,899 4,807 7,479 8,679 Normalised income before income tax 21,132 21,341 22,462 42,473 44,087 (8.11) (8.12) (8.13) 30 June 31 March 31 December 2008 2008 2007 Cash and cash equivalents 50,450 55,191 49,509 Short-term investments 194 36 232 Short-term marketable securities - - 1,582 Normalised cash 50,644 55,227 51,323 (8.14) (8.15) (8.16) (8.17) (8.18) Q2 2008 Q1 2008 Q2 2007 H1 2008 H1 2007 Normalised cash at end of period (as above) 50,644 55,227 108,938 50,644 108,938 Less: Normalised cash at beginning of period (55,227) (51,323) (126,781) (51,323) (128,494) Add back: Cash outflow from acquisitions (net of cash acquired) 1,450 931 689 2,381 3,307 Add back: Cash outflow from payment of dividends 15,267 - 8,013 15,267 8,013 Add back: Cash outflow from purchase of own shares 15,429 13,019 25,577 28,448 45,736 Less: Cash inflow from exercise of share options (1,065) (2,653) (6,486) (3,718) (11,995) Less: Cash inflow from sale of available-for-sale investments - (1,478) - (1,478) - Normalised cash generation 26,498 13,723 9,950 40,221 25,505 (8.19) (8.20) (8.21) (8.22) (8.23) Q2 2008 Q1 2008 Q2 2007 H1 2008 H1 2007 Net income (US GAAP) 9,109 8,942 8,847 18,051 18,424 Restructuring costs 469 718 814 1,187 814 Acquisition-related charge - amortization of intangibles 4,404 4,430 4,612 8,834 9,267 Acquisition-related charge - other payments 115 45 209 160 606 Stock-based compensation and related payroll taxes 3,580 3,899 4,807 7,479 8,679 Estimated tax impact of above charges (2,627) (2,816) (3,058) (5,443) (5,907) Normalised net income 15,050 15,218 16,231 30,268 31,883 Dilutive shares ('000) 1,290,856 1,301,123 1,374,410 1,297,283 1,376,270 Normalised diluted EPS 1.17p 1.17p 1.18p 2.33p 2.32p (8.24) Normalised income statement for Q2 2008 Normalised incl Share-based share-based compensation compensation Intangible amortisation Normalised GBP'000 GBP'000 GBP'000 GBP'000 Revenues Product revenues 60,772 - 60,772 - Service revenues 4,243 - 4,243 - Total revenues 65,015 - 65,015 - Cost of revenues Product costs (5,358) - (5,358) - Service costs (1,706) (247) (1,953) - Total cost of (7,064) (247) (7,311) - revenues Gross profit 57,951 (247) 57,704 - Research and (15,259) (2,400) (17,659) - development Sales and marketing (10,884) (466) (11,350) - General and (11,329) (467) (11,796) - administrative Restructuring costs - - - - Amortization of intangibles purchased through business - - - (4,404) combination Total operating expenses (37,472) (3,333) (40,805) (4,404) Income from operations 20,479 (3,580) 16,899 (4,404) Interest 653 - 653 - Income before income tax 21,132 (3,580) 17,552 (4,404) Provision for income taxes (6,082) 797 (5,285) 1,660 Net income 15,050 (2,783) 12,267 (2,744) Earnings per share (assuming dilution) Shares outstanding ('000) 1,290,856 1,290,856 Earnings per share - pence 1.17 0.95 Earnings per ADS (assuming dilution) ADSs outstanding ('000) 430,285 430,285 Earnings per ADS - cents 6.96 5.67 (8.24) Normalised income statement for Q2 2008 (Continued) Other acquisition -related Restructuring charges charges US GAAP GBP'000 GBP'000 GBP'000 Revenues Product revenues - - 60,772 Service revenues - - 4,243 Total revenues - - 65,015 Cost of revenues Product costs - - (5,358) Service costs - - (1,953) Total cost of revenues - - (7,311) Gross profit - - 57,704 Research and development (105) - (17,764) Sales and marketing (1) - (11,351) General and administrative (9) - (11,805) Restructuring costs - (469) (469) Amortization of intangibles purchased through business combination - - (4,404) Total operating expenses (115) (469) (45,793) Income from operations (115) (469) 11,911 Interest - - 653 Income before income tax (115) (469) 12,564 Provision for income taxes 38 132 (3,455) Net income (77) (337) 9,109 Earnings per share (assuming dilution) Shares outstanding ('000) 1,290,856 Earnings per share - pence 0.71 Earnings per ADS (assuming dilution) ADSs outstanding ('000) 430,285 Earnings per ADS - cents 4.21 (8.25) Normalised income statement for Q2 2007 Normalised incl Share-based share-based compen-sation compen-sation Intangible amortisation Normalised GBP'000 GBP'000 GBP'000 GBP'000 Revenues Product 61,215 - 61,215 - revenues Service 4,317 - 4,317 - revenues Total revenues 65,532 - 65,532 - Cost of revenues Product costs (5,421) - (5,421) - Service costs (1,351) (285) (1,636) - Total cost of (6,772) (285) (7,057) - revenues Gross profit 58,760 (285) 58,475 - Research and (15,469) (2,796) (18,265) - development Sales and (10,472) (958) (11,430) - marketing General and (11,877) (768) (12,645) - administrative Restructuring - - - - costs Amortization of intangibles purchased through - - - (4,612) business combination Total (37,818) (4,522) (42,340) (4,612) operating expenses Income from 20,942 (4,807) 16,135 (4,612) operations Interest 1,520 - 1,520 - Income before 22,462 (4,807) 17,655 (4,612) income tax Provision for (6,231) 887 (5,344) 1,778 income taxes Net income 16,231 (3,920) 12,311 (2,834) Earnings per share (assuming dilution) Shares 1,374,410 1,374,410 outstanding ('000) Earnings per 1.18 0.90 share - pence Earnings per ADS (assuming dilution) ADSs 458,137 458,137 outstanding ('000) Earnings per 7.11 5.39 ADS - cents (8.25) Normalised income statement for Q2 2007 (Continued) Other acquisition -related Restruct- charges -uring charges US GAAP GBP'000 GBP'000 GBP'000 Revenues Product - - 61,215 revenues Service - - 4,317 revenues Total revenues - - 65,532 Cost of revenues Product costs - - (5,421) Service costs - - (1,636) Total cost of - - (7,057) revenues Gross profit - - 58,475 Research and (195) - (18,460) development Sales and - - (11,430) marketing General and (14) - (12,659) administrative Restructuring - (814) (814) costs Amortization of intangibles purchased through - - (4,612) business combination Total (209) (814) (47,975) operating expenses Income from (209) (814) 10,500 operations Interest - - 1,520 Income before (209) (814) 12,020 income tax Provision for 68 325 (3,173) income taxes Net income (141) (489) 8,847 Earnings per share (assuming dilution) Shares 1,374,410 outstanding ('000) Earnings per 0.64 share - pence Earnings per ADS (assuming dilution) ADSs 458,137 outstanding ('000) Earnings per 3.87 ADS - cents (8.26) Normalised income statement for H1 2008 Normalised incl Share-based share-based compen-sation compen-sation Intangible amortisation Normalised GBP'000 GBP'000 GBP'000 GBP'000 Revenues Product 124,589 - 124,589 - revenues Service 8,314 - 8,314 - revenues Total revenues 132,903 - 132,903 - Cost of revenues Product costs (11,158) - (11,158) - Service costs (3,478) (515) (3,993) - Total cost of (14,636) (515) (15,151) - revenues Gross profit 118,267 (515) 117,752 - Research and (31,571) (5,016) (36,587) - development Sales and (21,932) (974) (22,906) - marketing General and (23,515) (974) (24,489) - administrative Restructuring - - - - costs Amortization of intangibles purchased through - - - (8,834) business combination Total (77,018) (6,964) (83,982) (8,834) operating expenses Income from 41,249 (7,479) 33,770 (8,834) operations Interest 1,224 - 1,224 - Income before 42,473 (7,479) 34,994 (8,834) income tax Provision for (12,205) 1,638 (10,567) 3,332 income taxes Net income 30,268 (5,841) 24,427 (5,502) Earnings per share (assuming dilution) Shares 1,297,283 1,297,283 outstanding ('000) Earnings per 2.33 1.88 share - pence Earnings per ADS (assuming dilution) ADSs 432,428 432,428 outstanding ('000) Earnings per 13.93 11.24 ADS - cents (8.26) Normalised income statement for H1 2008 (Continued) Other acquisition -related Restruct- charges -uring charges US GAAP GBP'000 GBP'000 GBP'000 Revenues Product - - 124,589 revenues Service - - 8,314 revenues Total revenues - - 132,903 Cost of revenues Product costs - - (11,158) Service costs - - (3,993) Total cost of - - (15,151) revenues Gross profit - - 117,752 Research and (143) - (36,730) development Sales and 1 - (22,905) marketing General and (18) - (24,507) administrative Restructuring - (1,187) (1,187) costs Amortization of intangibles purchased through - - (8,834) business combination Total (160) (1,187) (94,163) operating expenses Income from (160) (1,187) 23,589 operations Interest - - 1,224 Income before (160) (1,187) 24,813 income tax Provision for 54 419 (6,762) income taxes Net income (106) (768) 18,051 Earnings per share (assuming dilution) Shares 1,297,283 outstanding ('000) Earnings per 1.39 share - pence Earnings per ADS (assuming dilution) ADSs 432,428 outstanding ('000) Earnings per 8.31 ADS - cents (8.27) Normalised income statement for H1 2007 Normalised incl Share-based share-based compen-sation compen-sation Intangible amortisa-tion Normalised GBP'000 GBP'000 GBP'000 GBP'000 Revenues Product 123,515 - 123,515 - revenues Service 8,509 - 8,509 - revenues Total revenues 132,024 - 132,024 - Cost of revenues Product costs (11,059) - (11,059) - Service costs (2,709) (517) (3,226) - Total cost of (13,768) (517) (14,285) - revenues Gross profit 118,256 (517) 117,739 - Research and (32,058) (5,042) (37,100) - development Sales and (21,604) (1,732) (23,336) - marketing General and (23,484) (1,388) (24,872) - administrative Restructuring - - - - costs Amortization of intangibles purchased through - - - (9,267) business combination Total (77,146) (8,162) (85,308) (9,267) operating expenses Income from 41,110 (8,679) 32,431 (9,267) operations Interest 2,977 - 2,977 - Income before 44,087 (8,679) 35,408 (9,267) income tax Provision for (12,204) 1,824 (10,380) 3,574 income taxes Net income 31,883 (6,855) 25,028 (5,693) Earnings per share (assuming dilution) Shares 1,376,270 1,376,270 outstanding ('000) Earnings per 2.32 1.82 share - pence Earnings per ADS (assuming dilution) ADSs 458,757 458,757 outstanding ('000) Earnings per 13.94 10.95 ADS - cents (8.27) Normalised income statement for H1 2007 (Continued) Other acquisition -related Restruct- charges -uring charges US GAAP GBP'000 GBP'000 GBP'000 Revenues Product - - 123,515 revenues Service - - 8,509 revenues Total revenues - - 132,024 Cost of revenues Product costs - - (11,059) Service costs - - (3,226) Total cost of - - (14,285) revenues Gross profit - - 117,739 Research and (357) - (37,457) development Sales and - - (23,336) marketing General and (249) - (25,121) administrative Restructuring - (814) (814) costs Amortization of intangibles purchased through - - (9,267) business combination Total (606) (814) (95,995) operating expenses Income from (606) (814) 21,744 operations Interest - - 2,977 Income before (606) (814) 24,721 income tax Provision for 184 325 (6,297) income taxes Net income (422) (489) 18,424 Earnings per share (assuming dilution) Shares 1,376,270 outstanding ('000) Earnings per 1.34 share - pence Earnings per ADS (assuming dilution) ADSs 458,757 outstanding ('000) Earnings per 8.06 ADS - cents Statement of directors' responsibilities

The directors confirm that this condensed consolidated interim financial information has been prepared in accordance with IAS 34 as adopted by the European Union and the interim management report includes a fair review of the information required by DTR 4.2.7 and DTR 4.2.8, namely:

- An indication of important events that have occurred during the first six months and their impact on the condensed set of financial statements and a description of the principal risks and uncertainties for the remaining six months of the financial year; and - Material related-party transactions in the first six months and any material changes in the related-party transactions described in the last annual report.

The directors of ARM Holdings plc are listed in the ARM Holdings plc Annual Report for the year ended 31 December 2007.

By order of the Board Tim Score Chief Financial Officer 30 July 2008 Independent review report to ARM Holdings plc Introduction

We have been engaged by the company to review the condensed set of financial statements in the half-yearly financial report for the six months ended 30 June 2008, which comprises the IFRS consolidated income statement, IFRS consolidated balance sheet, IFRS consolidated statement of changes in shareholders' equity, IFRS consolidated cash flow statement and related notes. We have read the other information contained in the half-yearly financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements.

Directors' responsibilities

The half-yearly financial report is the responsibility of, and has been approved by, the directors. The directors are responsible for preparing the half-yearly financial report in accordance with the Disclosure and Transparency Rules of the United Kingdom's Financial Services Authority.

As disclosed in note 1, the annual financial statements of the Group are prepared in accordance with IFRSs as adopted by the European Union. The condensed set of financial statements included in this half-yearly financial report has been prepared in accordance with International Accounting Standard 34, "Interim Financial Reporting", as adopted by the European Union.

Our responsibility

Our responsibility is to express to the company a conclusion on the condensed set of financial statements in the half-yearly financial report based on our review. This report, including the conclusion, has been prepared for and only for the company for the purpose of the Disclosure and Transparency Rules of the Financial Services Authority and for no other purpose. We do not, in producing this report, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.

Scope of review

We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial statements in the half-yearly financial report for the six months ended 30 June 2008 is not prepared, in all material respects, in accordance with International Accounting Standard 34 as adopted by the European Union and the Disclosure and Transparency Rules of the United Kingdom's Financial Services Authority.

PricewaterhouseCoopers LLP Chartered Accountants London 30 July 2008 Notes:

(a) The maintenance and integrity of the ARM Holdings plc website is the responsibility of the directors; the work carried out by the auditors does not involve consideration of these matters and, accordingly, the auditors accept no responsibility for any changes that may have occurred to the financial statements since they were initially presented on the website.

(b) Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Notes

The results shown for Q2 2008, Q1 2008, Q2 2007, H1 2008 and H1 2007 are unaudited. The results shown for FY 2007 are audited. The condensed consolidated interim financial information contained in this announcement does not constitute statutory accounts within the meaning of Section 240 of the Companies Act 1985. Statutory accounts of the Company in respect of the financial year ended 31 December 2007 were approved by the Board of directors on 4 April 2008 and delivered to the Registrar of Companies. The report of the auditors on those accounts was unqualified and did not contain an emphasis of matter paragraph nor any statement under Section 237 of the Companies Act 1985.

The results for ARM for Q2 2008 and previous quarters as shown reflect the accounting policies as stated in Note 1 to the US GAAP financial statements in the Annual Report and Accounts filed with Companies House in the UK for the fiscal year ended 31 December 2007 and in the Annual Report on Form 20-F for the fiscal year ended 31 December 2007.

This document contains forward-looking statements as defined in section 102 of the Private Securities Litigation Reform Act of 1995. These statements are subject to risk factors associated with the semiconductor and intellectual property businesses. When used in this document, the words "anticipates", "may", "can", "believes", "expects", "projects", "intends", "likely", similar expressions and any other statements that are not historical facts, in each case as they relate to ARM, its management or its businesses and financial performance and condition are intended to identify those assertions as forward-looking statements. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a number of variables, many of which are beyond our control. These variables could cause actual results or trends to differ materially and include, but are not limited to: failure to realize the benefits of our recent acquisitions, unforeseen liabilities arising from our recent acquisitions, price fluctuations, actual demand, the availability of software and operating systems compatible with our intellectual property, the continued demand for products including ARM's intellectual property, delays in the design process or delays in a customer's project that uses ARM's technology, the success of our semiconductor partners, loss of market and industry competition, exchange and currency fluctuations, any future strategic investments or acquisitions, rapid technological change, regulatory developments, ARM's ability to negotiate, structure, monitor and enforce agreements for the determination and payment of royalties, actual or potential litigation, changes in tax laws, interest rates and access to capital markets, political, economic and financial market conditions in various countries and regions and capital expenditure requirements.

More information about potential factors that could affect ARM's business and financial results is included in ARM's Annual Report on Form 20-F for the fiscal year ended 31 December 2007 including (without limitation) under the captions, "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," which is on file with the Securities and Exchange Commission (the "SEC") and available at the SEC's website at http://www.sec.gov/.

About ARM

ARM designs the technology that lies at the heart of advanced digital products, from wireless, networking and consumer entertainment solutions to imaging, automotive, security and storage devices. ARM's comprehensive product offering includes 32-bit RISC microprocessors, graphics processors, enabling software, cell libraries, embedded memories, high-speed connectivity products, peripherals and development tools. Combined with comprehensive design services, training, support and maintenance, and the company's broad Partner community, they provide a total system solution that offers a fast, reliable path to market for leading electronics companies. More information on ARM is available at http://www.arm.com/.

ARM is a registered trademark of ARM Limited. ARM7, ARM9, ARM11, Cortex and Mali are trademarks of ARM Limited. All other brands or product names are the property of their respective holders. "ARM" is used to represent ARM Holdings plc; its operating company ARM Limited; and the regional subsidiaries: ARM, Inc.; ARM KK; ARM Korea Ltd.; ARM Taiwan Limited; ARM France SAS; ARM Consulting (Shanghai) Co. Ltd.; ARM Belgium N.V.; ARM Germany GmbH; Keil Elektronik GmbH; ARM Embedded Technologies Pvt. Ltd. and ARM Norway, AS.

ARM Ltd

CONTACT: Contacts: Sarah West/Fiona Laffan/Pavla Shaw, Brunswick,
+44-207-404-5959. Tim Score/Ian Thornton, ARM Holdings plc, +44-1628-427-800

Wolters Kluwer - Half-Year 2008 Results

LONDON, July 30 /PRNewswire/ -- Wolters Kluwer, the international multi-media professional publishing company, today announced half year results that saw earnings growth of 20% .

Despite the guidance change Ms McKinstry said there would be an acceleration of growth in the second half of 2008, a period that was traditionally the stronger half for the group.

The interview, transcript, podcast and vodcast are available now on http://w3.cantos.com/wolters_kluwer.

It's free to view. All you need to do is register at http://www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.

Wolters Kluwer

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

Liverpool Football Club Streams Live Games to Web With ViewCast Encoder

PLANO, Texas, July 30 /PRNewswire/ --

- Upcoming Liverpool FC Versus Rangers Match Only Available by Webcast

When the legendary Liverpool Football Club (LFC) squared off against FC Lucerne in a pre-season match on July 16, the game was streamed live to the LFC's Web site via a ViewCast Niagara(R) Pro streaming video encoder. A product of ViewCast Corporation (OTC Bulletin Board: VCST), a leading global provider of audio and video encoding communication products, the Niagara Pro offers easy-to-use, professional-grade performance for the LFC to make its pre-season games available to all fans globally.

About Liverpool Football Club (LFC)

About ViewCast Corporation

ViewCast Contact: Jeff Kopang Vice President of Marketing Tel: +1-972-488-7200 E-mail: jeffk@viewcast.com PR Agency Contact: David Netz Wall Street Communications Tel: +1-303-329-0359 E-mail: dave@wallstcom.com Investor Contact: Dan Matsui Allen & Caron Tel: +1-949-474-4300 E-mail: d.matsui@allencaron.com Web site: http://www.viewcast.com http://www.liverpoolfc.tv

ViewCast Corporation

Jeff Kopang, Vice President of Marketing of ViewCast Corporation, +1-972-488-7200, jeffk@viewcast.com; or PR Agency, David Netz of Wall Street Communications, +1-303-329-0359, dave@wallstcom.com; or Investors, Dan Matsui of Allen & Caron, +1-949-474-4300, d.matsui@allencaron.com, both for ViewCast Corporation

European Environment Agency and Microsoft Eye on Earth Observatory Bring European Beach Quality Into Sharp Focus

BRUSSELS, Belgium, July 30 /PRNewswire/ --

- New Eye on Earth online environmental observatory allows Europeans to understand the quality of the water they swim in and provides the power to call for change.

Microsoft Corp and the European Environment Agency (EEA) today announced the launch of the pioneering Eye on Earth online environmental observatory with the first of its resources, Water Watch. Eye on Earth is part of a five-year collaboration between the EEA and Microsoft that will ultimately gather together critical information, including European water soil, air and ozone indicators, into one place. From today, Eye on Earth allows governments, policymakers and individuals to compare the cleanliness of bathing water from sites across 27 European countries, giving people the power to choose where they swim and to influence their environment.

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

Bathing water cleanliness can be a major public health issue, with untreated sewerage and chemicals presenting a variety of risks ranging from respiratory infections to stomach complaints and even serious diseases such as dysentery, hepatitis and encephalitis. Until now, people in Europe have had no simple way of understanding the cleanliness of the water they swim in, nor the ability to report on and change the state of the beaches they visit.

"As environmental problems become more evident and affect the lives of ordinary individuals, it is vitally important that we can access relevant and timely information on the impact of environmental change," said Jacqueline McGlade, executive director of the EEA. "With Eye on Earth, the EEA and Microsoft plan to bring complex strands of information together into a single, simple-to-use and easy-to-understand application - so, as more data and user findings are posted on the portal, we can see how climate change affects the way we live and how the way we live affects the environment."

Using Microsoft's Virtual Earth mapping technology, Eye on Earth provides a bird's-eye view of the beach users plan to visit, while Microsoft SQL Server 2008's data management and geospatial capabilities provide information that help them to understand the cleanliness of the water they or their families plan to swim in. Gadgets in Windows Vista ensure that this information is always quickly and easily available from any internet-enabled PC. Microsoft is also making Eye on Earth available to over 100 million users of the MSN online media network through specially localised channels in Germany, Italy, the Netherlands, Portugal and the UK.

"Eye on Earth is the first part of a pioneering collaboration between Microsoft and the EEA and has huge implications, both for the people and the environment of Europe," said Jan Muehlfeit, chairman of Microsoft Europe. "Water Watch combines Microsoft's technical experience with European political priorities, creating a new tool which will help to preserve the environment and to increase European health and safety. We look forward to growing this project and collaborating on many more important European initiatives, using the power of software to tackle important challenges we face today, including pollution and climate change."

Eye on Earth retrieves data from 21,000 monitoring points across Europe, presenting recent water quality ratings for bathing sites in 27 countries, and for some beaches, historical ratings for up to the past 18 years. Countries including Greece, Italy, Malta, the Netherlands, Slovenia, Portugal and Slovakia will also display the latest 2008 data, with more countries expected to update information in the near future. A traffic-light-style evaluation of water quality based on traditional monitoring methods is supported by similar ratings reflecting the experiences of people who have visited the beach. Combining these streams of information provides accurate and up-to-date information on bathing water quality across Europe, and makes it available to anyone who has access to the internet.

"Eye on Earth delivers the kinds of information that the public can really understand," said Professor Geoffrey Lipman, spokesperson, UN World Tourism Organization. "Using the application, people can now find out what is happening on the beach near them or the one they plan to visit on holiday. Water Watch demonstrates how technology can develop our understanding of the world around us and let us make informed choices on the kind of environment we want to live in or visit."

"Eye on Earth is a great example of how technology has the power to help governments, business and individuals understand what is happening to our environment," said Rob Bernard, chief environmental strategist at Microsoft. "By combining environmental data with mapping technologies, it is possible for people to see where changes are happening. Eye on Earth provides people with information which has historically been difficult to find. With this new application, people will be more informed and be able to take appropriate actions to help ensure a cleaner environment."

"Poor-quality bathing water is a real risk to everyone's health and can prevent us from enjoying our seas and rivers," said Ben Skinner, International Longboard champion and member of the British Surfing Association team. "For the first time, Eye on Earth's Water Watch not only gives us the ability to know what we are going to find when we get into the water, but also provides us with the information we need to demand urgent action from governments, businesses and individuals. The partnership between the EEA and Microsoft is giving us the resources to force change and protect our natural environment."

Water Watch is accessible from http://www.eyeonearth.eu, from http://www.eea.europa.eu and from MSN. More information on Microsoft's commitment to the environment can be found at http://www.microsoft.com/environment.

About the European Environment Agency

The European Environment Agency is the EU body dedicated to providing sound, independent information on the environment. The agency aims to achieve significant and measurable improvements in Europe's environment through the provision of timely, targeted, relevant and reliable information to policy-makers and the public. To find out more about the EEA, visit: http://www.eea.europa.eu.

About Microsoft

Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in software, services and solutions that help people and businesses realise their full potential.

About Microsoft EMEA (Europe, Middle East and Africa)

Microsoft has operated in EMEA since 1982. In the region Microsoft employs more than 16,000 people in over 64 subsidiaries, delivering products and services in more than 139 countries and territories.

This material is for informational purposes only. Microsoft Corp disclaims all warranties and conditions with regard to use of the material for other purposes. Microsoft Corp shall not, at any time, be liable for any special, direct, indirect or consequential damages, whether in an action of contract, negligence or other action arising out of or in connection with the use or performance of the material. Nothing herein should be construed as constituting any kind of warranty.

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

Microsoft Corp

Gulcin Karadeniz of EEA, +45-23-68-36-53, gulcin.karadeniz@eea.europa.eu; or Jay Cudal of Waggener Edstrom Worldwide, +44-207-632-3800, jayc@waggeneredstrom.com, for Microsoft, or Microsoft EMEA Response Centre, emearesponse@waggeneredstrom.com. NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre. Web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact the appropriate contacts listed at http://www.microsoft.com/emea/presscentre/contactus.mspx. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages. Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk photodesk@prnewswire.com

L'Agence européenne pour l'environnement et l'observatoire Eye on Earth de Microsoft portent un regard incisif sur la qualité des plages européennes

BRUXELLES, Belgique, July 30 /PRNewswire/ --

- Le nouvel observatoire en ligne pour l'environnement Eye on Earth permettra aux Européens de connaître la qualité des eaux dans lesquelles ils se baignent et leur donnera la possibilité de revendiquer des changements.

Microsoft Corp et l'Agence européenne pour l'environnement (AEE) ont annoncé aujourd'hui le lancement de l'observatoire en ligne pour l'environnement Eye on Earth, pionnier en la matière, ainsi que de Water Watch (Eaux aguets), la première de ses ressources. Eye on Earth est le résultat d'une collaboration de cinq ans entre l'AEE et Microsoft. Il concentrera au bout du compte, et en un seul endroit, des informations cruciales dont les indicateurs des eaux du sol, de l'air et de l'ozone en Europe. Désormais, Eye on Earth permettra aux gouvernements, aux décideurs et aux particuliers de comparer la propreté des eaux de baignade sur des sites répartis dans 27 pays européens. Les gens auront ainsi la possibilité de décider oÃ¹ ils veulent aller nager et d'influencer leur environnement.

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

La propreté des eaux de baignade est sans conteste une question de santé publique majeure ; en effet, des eaux d'égout non traitées et des produits chimiques peuvent présenter de nombreux risques qui vont des infections respiratoires jusqu'à des douleurs d'estomac, voire de graves maladies telles que la dysenterie, l'hépatite et l'encéphalite. Jusqu'à présent, les citoyens européens ne pouvaient savoir quel était le degré de propreté de l'eau dans laquelle ils se baignaient ou effectuer un rapport à ce sujet et donc, changer l'état des plages qu'ils visitaient.

<< Ã‰tant donné que les problèmes environnementaux sont de plus en plus évidents et ont des répercussions sur la vie des gens ordinaires, il est vital d'avoir accès à des informations utiles et en temps opportun sur les modifications de l'environnement >>, signale Jacqueline McGlade, directrice exécutive de l'AEE. << Grâce à Eye on Earth, l'AEE et Microsoft ont l'intention de rassembler des pans d'informations complexes en une seule application, facile à utiliser et à comprendre ; de la sorte, lorsque les données additionnelles et les conclusions des utilisateurs seront affichées sur le portail, nous pourrons mieux appréhender la manière dont les changements climatiques affectent notre manière de vivre et comment notre manière de vivre influence l'environnement. >>

En ayant recours à la technologie virtuelle de l'Earth mapping de Microsoft, Eye on Earth fournit une vue à vol d'oiseau de la plage que l'usager a l'intention de visiter, tandis que la gestion des données et les capacités géospatiales de Microsoft SQL Server 2008 fournissent des informations lui permettant de connaître la propreté des eaux dans lesquelles lui ou sa famille ont l'intention de nager. Des gadgets pour Windows Vista garantissent que ces informations soient disponibles de manière rapide et aisée depuis n'importe quel PC connecté à Internet. Microsoft met aussi Eye on Earth à la disposition de plus de 100 millions d'usagers du réseau MSN via des réseaux spécialement localisés en Allemagne, en Italie, aux Pays-Bas, au Portugal et au Royaume-Uni.

<< Eye on Earth constitue le premier volet d'une collaboration pionnière entre Microsoft et l'AEE ; ses implications sont énormes tant pour les Européens que pour leur environnement >>, a indiqué Jan Muehlfeit, président de Microsoft Europe. << Water Watch allie l'expérience technique de Microsoft et les priorités politiques de l'Europe, créant un nouvel outil qui aidera à préserver l'environnement et à améliorer de manière remarquable la santé et la sécurité des Européens. Nous espérons développer ce projet et prendre part à d'autres importantes initiatives européennes, en faisant appel au pouvoir des logiciels afin de relever les importants défis auxquels nous sommes confrontés aujourd'hui, y compris la pollution et le changement climatique. >>

Eye on Earth récupère des données en provenance de 21 000 points de surveillance en Europe, et offre des données récentes sur la qualité des eaux de sites de baignade dans 27 pays, et pour certaines plages, les taux des 18 dernières années. Des pays comme la Grèce, l'Italie, Malte, les Pays-Bas, la Slovénie, le Portugal et la Slovaquie, afficheront également les données de 2008 ; d'autres pays mettront à jour leurs informations sous peu. Une évaluation de la qualité des eaux se fondant sur des méthodes de surveillance traditionnelles est confirmée par des taux similaires reflétant les expériences de personnes ayant fréquenté les plages. En combinant ces flux d'informations, nous obtenons des informations fiables et actualisées sur la qualité des eaux de baignade en Europe, informations qui sont à la disposition de toute personne ayant accès à Internet.

<< Eye on Earth fournit le genre d'informations que les gens comprennent réellement >>, fait remarquer le professeur Geoffrey Lipman, porte-parole de l'Organisation mondiale du tourisme des Nations unies. << En utilisant cette application, les gens peuvent savoir ce qui se passe sur la plage près de chez eux ou de la plage qu'ils ont l'intention de visiter pendant les vacances. Water Watch démontre que la technologie peut nous aider à comprendre le monde qui nous entoure et peut nous permettre de faire des choix avertis sur l'environnement oÃ¹ nous souhaitons vivre ou que nous désirons visiter. >>

<< Eye on Earth est un bel exemple de la manière dont la technologie peut aider les gouvernements, les entreprises ou les particuliers à comprendre ce qui se passe avec notre environnement >>, indique Rob Bernard, stratège en chef pour l'environnement chez Microsoft. << En combinant des données environnementales et des technologies de mapping, les gens peuvent savoir oÃ¹ les changements ont lieu. Eye on Earth fournit des informations qu'il a toujours été difficile de trouver. Grâce à cette nouvelle application, les citoyens seront mieux informés et seront capables de prendre les décisions appropriées pour garantir un environnement plus propre. >>

<< Une mauvaise qualité des eaux de baignade constitue un véritable risque pour notre santé et peut nous empÃªcher de profiter pleinement de nos plages et de nos rivières >>, a affirmé Ben Skinner, champion du monde de longboard et membre de l'équipe de British Surfing Association. << Pour la première fois, Water Watch d'Eye on Earth nous donne non seulement la possibilité de savoir ce que nous allons trouver quand nous entrons dans l'eau, mais aussi les informations dont nous avons besoin pour exiger des actions urgentes de la part des gouvernements, des entreprises et des particuliers. La collaboration entre l'AEE et Microsoft nous offre les outils pour effectuer les changements pertinents et protéger notre environnement. >>

Vous trouverez de plus amples renseignements sur Water Watch aux adresses suivantes : http://www.eyeonearth.eu, http://www.eea.europa.eu et MSN. Et pour plus d'informations sur l'engagement de Microsoft en matière d'environnement, visitez la page http://www.microsoft.com/environment.

A propos de l'Agence européenne pour l'environnement

L'Agence européenne pour l'environnement est l'organisme de l'UE destiné à fournir des informations solides et indépendantes sur l'environnement. L'Agence a pour objectif d'apporter des améliorations considérables et mesurables dans le domaine de l'environnement européen en offrant des informations en temps opportun, ciblées, pertinentes et fiables aux décideurs et au public. Pour plus d'informations sur l'AEE, veuillez consulter le http://www.eea.europa.eu.

A propos de Microsoft

Fondée en 1975, Microsoft (Nasdaq : MSFT) est le leader mondial des logiciels, des solutions et des services aidant les personnes et les entreprises à réaliser pleinement leur potentiel.

Ã€ propos de Microsoft EMEA (Europe, Moyen-Orient et Afrique)

Microsoft est présent dans la région EMEA depuis 1982. Dans cette région, Microsoft emploie plus de 16 000 personnes dans 64 succursales et vend des produits et des services dans 139 pays et territoires.

Ce matériel est exclusivement fourni à titre informatif. Microsoft Corp rejette toute garantie ou condition liée à l'utilisation de ce document à d'autres fins. Microsoft Corp ne pourra, à un quelconque moment, Ãªtre tenue responsable de tout dommage spécial, direct, indirect ou secondaire, qu'il s'agisse de l'exécution d'un contrat, de négligence ou de toute autre action liée à l'utilisation ou à la performance du matériel. Rien dans ce document ne saurait Ãªtre considéré comme constituant quelque garantie que ce soit.

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

Microsoft Corp

Gulcin Karadeniz d'AEE, +45-23-68-36-53, gulcin.karadeniz@eea.europa.eu ; ou Jay Cudal de Waggener Edstrom Worldwide, +44-207-632-3800, jayc@waggeneredstrom.com, pour Microsoft, ou le Centre de réponse de Microsoft EMEA, emearesponse@waggeneredstrom.com. NOTE AUX REDACTEURS : si vous Ãªtes intéressés à obtenir plus d'informations sur Microsoft dans la région EMEA, veuillez consulter la page http://www.microsoft.com/emea ou le Centre de presse de l'EMEA sur http://www.microsoft.com/emea/presscentre. Les liens hypertextes, les numéros de téléphone et les titres étaient corrects au moment de la publication, mais sont susceptibles d'avoir changé depuis. Pour de plus amples renseignements, les journalistes et les analystes peuvent joindre les contacts appropriés dont les noms figurent à l'adresse http://www.microsoft.com/emea/presscentre/contactus.mspx. Si vous souhaitez obtenir plus d'informations sur Microsoft Corp, veuillez consulter la page Web de Microsoft à l'adresse http://www.microsoft.com/presspass sur les pages d'informations d'entreprise de Microsoft. Photo : NewsCom : http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archives : http://photoarchive.ap.org, PRN Photo Desk photodesk@prnewswire.com

Turkcell Signed a Sale and Purchase Agreement to Acquire 80% Stake in 'Best' in Belarus

ISTANBUL, Turkey, July 30 /PRNewswire-FirstCall/ -- Turkcell , the leading provider of mobile communications in Turkey, announced today that it signed a Sale and Purchase Agreement ("SPA") to acquire a 80% stake in Belarusian Telecommunications Network ("BeST"). The completion of the transaction will be subject to the fulfillment of the conditions set forth in the SPA. The stake will be acquired from the State Committee on Property of the Republic of Belarus for a consideration of US$500 million. The payment is expected to be realized in 3 tranches of which US$300 million is expected to be paid on the closing date, which is expected to be 30 days after the signature date and additional US$100 million tranches are expected to be paid on December 31, 2009 and 2010 respectively. An additional payment of US$100 million shall be made when BeST records a full-year positive net income for the first time.

Turkcell CEO Sureyya Ciliv noted that "The acquisition of BeST represents an opportunity for Turkcell to gain access to a market with a growth potential. Belarus is an attractive emerging market within Turkcell's growth geography with its young and well educated population and steadily growing economy. We are also happy to be starting our operations with an already established third operator in Belarus. We believe we can use our complimentary skills we gained in Ukraine and CIS very effectively in Belarus to differentiate BeST as soon as possible.

Key highlights of the Belarusian market: - Entry to growing Belarusian market with a population of almost 10 million (as at end of 2007) where education and employment levels are well above those of comparable emerging countries. - GSM market penetration of approximately 65% in 2007 providing a reasonable potential for GSM market growth. - Steadily growing economy and favorable macro conditions. - Progressive legislation to attract foreign direct investments. Key highlights of BeST: - Belarus is a three GSM operator market with BeST being the third operator in terms of market share. - BeST's GSM 900/1800 license will be valid for 10 years starting from the closing date with a possibility of further extension. - Turkcell purchases 80% of the shares where there is a 5-year lock up period for the remaining 20% shares. - BeST's network already covers 68% of population as of end of June 2008. - In order to transform BeST into a competitive player in the Belarusian market, a reasonable capital expenditure of approximately US$500 million will be realized in ten years. - BeST will be the beneficiary of certain investment incentives. - Negligible consolidation impact on Turkcell (BeST's revenue as of 2007 year end is US$1.6 million). - BeST will benefit from conditions ensuring fair competitive environment.

Economic and market data included herein has been obtained from publicly available sources, BeST and related parties. Turkcell believes such sources to be reliable; however Turkcell has not independently verified such information and makes no representation about the accuracy of the information and, accordingly, undue reliance should not be placed on the economic and market data included herein.

This document contains forward-looking statements which involve a number of risks and uncertainties. Turkcell's actual results may vary significantly from the results anticipated in these forward-looking statements as a result of certain factors. These include in particular the ability of the Company to close on its announced acquisition of shares of BeST and to realize expected synergies between the two companies, which is subject to obtaining necessary approvals as well as the risk factors cited in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. Turkcell does not undertake any obligation to update or revise forward looking statements, whether as a result of new information, future events or otherwise.

http://www.turkcell.com.tr/ ABOUT TURKCELL

Turkcell is the leading GSM operator in Turkey with 35.1 million postpaid and prepaid customers as of March 31, 2008 operating in a three player market with a market share of approximately 57% as of December 31, 2007 (Source: The Telecommunications Authority). In addition to high-quality wireless telephone services, Turkcell currently offers General Packet Radio Service ("GPRS") countrywide and Enhanced Data Rates for GSM Evolution ("EDGE") in dense areas, which provide for both improved data and voice services. Turkcell provides roaming with 587 operators in 200 countries as of July 5, 2008. Serving a large subscriber base in Turkey with its high-quality wireless telephone network, Turkcell reported US$1,6 billion net revenues as of March 31, 2008 and US$6.3 billion net revenues as of December 31, 2007 as per IFRS financial statements. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova, Northern Cyprus and Ukraine. Turkcell has been listed on the NYSE ("New York Stock Exchange") and the ISE ("Istanbul Stock Exchange") since July 2000 and is the only NYSE listed company in Turkey. 51.00% of Turkcell's share capital is held by Turkcell Holding, 0.05% by Cukurova Group, 13.07% by Sonera Holding, 2.32% by M.V. Group and 0.08% by others while the remaining 33.48% is free float.

For further information please contact Turkcell Corporate Affairs Koray Ozturkler, Chief Corporate Affairs Officer Tel: +90-212-313-1500 Email: koray.ozturkler@turkcell.com.tr Investors: Ferda Atabek, Investor Relations Tel: +90-212-313-1275 Email: ferda.atabek@turkcell.com.tr investor.relations@turkcell.com.tr Media: Defne Bali, Corporate Communications Tel: +90-212-313-2304 Email: defne.bali@turkcell.com.tr Cem Tanir Tel: +90-212-313-2327 Email: cem.tanir@turkcell.com.tr

Turkcell

CONTACT: For further information please contact Turkcell, Corporate
Affairs, Koray Ozturkler, Chief Corporate Affairs Officer, Tel:
+90-212-313-1500, Email: koray.ozturkler@turkcell.com.tr; Investors:, Ferda
Atabek, Investor Relations, Tel: +90-212-313-1275, Email:
ferda.atabek@turkcell.com.tr, investor.relations@turkcell.com.tr; Media:,
Defne Bali, Corporate Communications, Tel: +90-212-313-2304, Email:
defne.bali@turkcell.com.tr; Cem Tanir, Tel: +90-212-313-2327, Email:
cem.tanir@turkcell.com.tr

Bull Announces its Results for the First Six Months of 2008

PARIS, July 30 /PRNewswire-FirstCall/ --

- Revenue Growth in the Second Quarter and Improved Operating Profit - Objectives for the 2008 Financial Year Confirmed

- Significant Progress in the Services Business and in new Product Offerings, in Line With the Group's Strategic Repositioning

Key figures for the first six months of 2008: - Order intake increased 6.4% with a marked acceleration in the second quarter; orders booked by the Hardware and Systems Solutions business grew strongly, by 23.0% in the semester - Thanks to a 4.3% increase in revenues in the second quarter, consolidated revenues grew slightly to EUR550.6 million. The Services and Solutions business demonstrated strong growth, of 19.9%, in line with the trend over previous semesters - Gross margin of EUR124.0 million represented 22.5% of revenues. The change in gross margin reflects the transformation in the Group's portfolio of offerings, with a decrease of 2.1 points compared to the figure published for the same period in 2007. Gross margin in the Services and Solutions business increased by 0.9 points compared to the year-ago period - EBIT (see glossary) of EUR11.5 million represented 2.1% of revenues, an increase of 21% compared with the first half of 2007 (EUR9.5 million, or 1.7% of revenues) - Net income of EUR4.7 million increased slightly compared with the figure of EUR4.5 million published for the first six months of 2007 - Net cash (see glossary) of EUR171.1 million as at June 30, 2008, compared with EUR189.0 million as at June 30, 2007

Outlook: the Group confirms its target EBIT (see glossary) for the full financial year 2008 of between EUR23 million and EUR27 million

Bull - expert in open, flexible and secure information systems and one of Europe's leading players in the IT industry - today announces its results for the first six months of 2008. On July 29, 2008, the Board of Directors of Bull (Euronext Paris: BULL) approved the consolidated accounts for the period to June 30, 2008.

Thanks to a 4.3% increase in consolidated revenues in the second quarter and an strong growth of 19.9% in Services and Solutions, revenues for the first six months of 2008 were EUR550.6 million, representing an increase of 0.1% compared with the published figure of EUR550.2 million for the same period in 2007. After recasting(1) to exclude businesses sold during 2007 and 2008, growth in consolidated revenues is 1.1% (2.1% after taking account of the additional impact of exchange rates). Gross margin was EUR124.0 million, representing 22.5% of revenues, compared with EUR135.1 million, or 24.6% of revenues for the same period in the previous year. This change reflects the evolution in the Group's portfolio of offerings, most notably the increased importance of services and solutions, in line with Bull's strategy. EBIT (see glossary) was EUR11.5 million, or 2.1% of revenues; the published EBIT figure for the first six months of 2007 having been EUR9.5 million, or 1.7% of revenues for the period. Bull recorded net income of EUR4.7 million for the six month period, representing a 4.4% increase.

Didier Lamouche, Chairman and CEO of Bull, commented: "Our performance in the second quarter has enabled us to show improved profitability compared with the first six months of 2007. Our Services and Solutions business is growing particularly strongly on the one hand, and we are now starting to see a tangible increase in our new integrated product offerings on the other. This confirms that we have made the right strategic choices.

Our performance in the first six months does put us in a favorable position to achieve our objectives for the year."

Financial results for the first six months of 2008

Unless otherwise indicated, comparisons are made between the equivalent six-month period year-on-year, based on published figures.

Order intake increased 6.4% with a marked acceleration in the second quarter; orders booked by the Hardware and Systems Solutions business grew strongly, by 23.0% in the semester

Order intake grew by 6.4%, with a marked acceleration in the second quarter when they grew by 20.6% compared with the same period in 2007. Orders relating to the Hardware and Systems Solutions business increased by 23.0% thanks to the commercial success of new High-Performance Computing (HPC) offerings and secure storage solutions. Those relating to the Services and Solutions business grew by 5.7%; it is worth noting that services orders in the first half of 2007 had been especially strong, with the signing of a major contract with the State of California. Finally, orders taken by the Fulfillment and Third-Party Products business fell by 25.2%, as a result of the Group's deliberate policy of focusing on its core offerings.

Thanks to a 4.3% increase in revenues in the second quarter, consolidated revenues grew slightly to EUR550.6 million. The Services and Solutions business demonstrated strong growth, of 19.9%, in line with the trend over previous semesters

Bull recorded revenues of EUR550.6 million in the first six months of 2008, an increase of 0.1% compared with revenues of EUR550.2 million recorded during the same period in 2007. Revenue growth of 4.3% in the second quarter is due in particular to the Group's new offers.

The Services and Solutions business recorded strong growth of 19.9%, in line with the trend of recent semesters. Revenue growth of 11.7% in the first quarter, accelerated to reach 27.4% in the second quarter, supported in particular by intense business activity in France and Spain.

With revenues growing by 2.4% in the second quarter, the Hardware and Systems Solutions business benefited from good order intake at the beginning of the year. Nevertheless, revenues for the full six months decreased by 2.4% compared with the same period in 2007, with the increased strength of strategic growth offerings such as High-Performance Computing (HPC) and secure storage solutions unable fully to compensate for the decline in revenues from mature offerings over the period.

Revenues from the Maintenance and Product-Related Services (PRS) business also recorded better performance in the second quarter than in the first: with revenue erosion limited to 5.6% in the second quarter, resulting in a decline of 6.8% for the six months to June. This is the result of a number of support contracts for proprietary servers coming to an end, as anticipated.

Revenues from the Fulfillment and Third-Party Products business declined by 34.2%, as a result of the Group's deliberate policy of focusing its sales efforts on the Group's own higher added-value offerings.

The geographic breakdown of consolidated revenues shows progress in France and a stable position in Europe excluding France. Bull's other international business activities suffered a fall in revenues, most notably as a result of the decision to refocus on the sale of the Group's own core products.

Gross margin of EUR124.0 million represented 22.5% of revenues. The change in gross margin reflects the transformation in the Group's portfolio of offerings, with a decrease of 2.1 percentage points compared to the figure published for the same period in 2007. Gross margin in the Services and Solutions business increased by 0.9 points compared to the year-ago period

Gross margin from the Hardware and Systems Solutions business was 33.7% of revenues, a decline of 5.9 percentage points. The anticipated fall in volumes from the proprietary GCOS server business explains this decrease. On the other hand, the contributions to gross margin from the open servers and HPC segment rose, both in terms of the overall amount and the gross margin rate. The gross margin rate of the Services and Solutions business stands at 15.3% of revenues, an improvement of 0.9 points. This progress is the result of a number of fundamental actions undertaken, particularly in France, where average utilization rate in the first six months improved by 3 points to reach 80%. The gross margin rate in the Maintenance business improved by 0.1 points to 29.0% of revenues, with cost reduction initiatives successfully compensating for the decline in volume. Finally, the gross margin rate for the Fulfillment and Third-Party Products business was 10.4% for the period.

EBIT (see glossary) of EUR11.5 million represented 2.1% of revenues, an increase of 21% compared with the first six months of 2007 (EUR9.5 million or 1.7% of revenues)

Selling, General and Administrative expenses, expressed as a percentage of revenues, fell by 0.9 points; during the period these were EUR97.3 million compared with the figure of EUR102.3 million published for the first six months of 2007. General and administrative costs fell from EUR41.6 million in the first six months of 2007 to EUR33.6 million in the first six months of 2008 (or -19.2%), as a result of the cost reduction programs undertaken by the Group as well as the reversal of a provision for a tax risk of around EUR3 million. These savings have enabled the company to accelerate commercial investments in new growth offerings which has resulted in an increase in selling costs of 4.9% from EUR60.7 million in the first six months of 2007 to EUR63.7 million in the first six months of 2008. Regarding Research and Development, Bull is now concentrating its efforts on High-Performance Computing (HPC) and secure storage, favoring an Open Source approach. In HPC, Bull has adapted its R&D model, focusing its investments on areas that involve technical and financial collaboration with its strategic partners. As a result, although significant work is still being carried out in this area, R&D costs go from EUR23.0 million in the first six months of 2007, or 4.2% of revenues, to EUR14.3 million or 2.6% of revenues in the first six months of 2008. In parallel, the Group has reduced its R&D spend on its proprietary technologies.

As a result of the changes in gross margin and operating expenses, EBIT for the period was EUR11.5 million, compared with the figure of EUR9.5 million published for the same period in 2007.

Net income of EUR4.7 million increased slightly compared with the figure of EUR4.5 million published for the first six months of 2007

Net income includes a net restructuring charge of EUR6.6 million intended to support the reduction in the Group's cost structure. Lower net financing costs compared with the same period in 2007 are explained by a better return on investments in certificates of deposit. Tax charges for the period were a credit, thanks to a research tax credit.

Net cash position (see glossary) of EUR171.1 million as at June 30, 2008, compared with EUR189.0 million as at June 30, 2007

Operating cashflow for the first six months was slightly negative, at EUR (5) million, with the first six months traditionally being less favorable than the second half of the year. Cash outflow was the consequence of the previously anticipated unfavorable change in working capital of EUR(15.4)million, resulting from the aggressive growth in the Services and Solutions activities on the one hand, and the growing strength of integrated Product offerings on the other. In addition, non-recurring items for the period, linked principally to acquisitions and restructuring, generated cash outflow of EUR16.5 million.

At the end of June 2008, the gross cash position (see glossary) was EUR283.8 million and net cash (see glossary) stood at EUR171.1 million. The Group's funds are invested either as certificates of deposit or in Euro denominated money-market OPCVM funds.

Key highlights from the first six months of 2008 Strategic operations

Consolidating Bull's growth in IT services, the Group announced the acquisition of CSB Consulting, an IT services company operating in Belgium and Luxembourg, specializing in value-added IT services (consulting, IT infrastructure management, project management). This acquisition reflects the Group's ambition, and that of its Belgian subsidiary, to establish its position as a key supplier of IT services to European institutions, as well as the public sector and financial services both in Belgium and Luxembourg.

Continuing its program of refocusing on its strategic business areas, in January 2008 Bull announced the sale of 100% of its subsidiary Maine Circuits Imprimes (Maine CI) to the Italian group Elco, one of the country's leading manufacturers of technical printed circuit boards for the aeronautical and military markets, as well as for industry and telecommunications.

Green Computing

At this year's CeBIT fair in Hanover - further strengthening its 'Bio Data Center' approach to green computing launched in 2007 - Bull announced that it had joined the Climate Savers Computing Initiative, a worldwide not-for-profit organization whose principal aim is to halve the energy consumption of computer systems by 2010.

Bull also accompanied this announcement with the launch of the NovaScale(R) B260LV (Low Voltage) blade server, designed to reduce the electricity consumption of IT infrastructures while enhancing availability. This new server enhances Bull's Bio Data Center offering and delivers a powerful combination of flexibility, performance and sustainable development within the Data Center.

High-Performance Computing: a strategic commitment

With over 100 customers in 15 countries across 3 continents, Bull's dynamic growth in High-Performance Computing (HPC) - which accelerated significantly in 2007 - continued during the first six months of 2008: in line with the Group's ambition to double its revenues in this segment in 2008.

The French Atomic Energy Authority (CEA) and Bull have signed a collaboration contract to design and build Tera 100, the future supercomputer to support the French nuclear weapons Simulation Program. This long-term project will consist of two phases: a significant upfront investment in R&D work for the development of the new Tera 100 supercomputer and the acquisition by the CEA of this first Petaflop-scale system to be designed in Europe.

World records broken

The French Atomic Energy Authority (the CEA) and Bull have achieved a world record-breaking performance for image searches in very large scale databases: some 3.7 million images a second, five times faster than the previous record. The record performance - achieved on a Bull NovaScale supercomputer using software specially developed by CEA LIST (the CEA's systems and technology integration laboratory) - opens the way to a vast range of possible applications, from strategic business intelligence to comparison of medical images, from 'data mining' on the Internet to e-business and content management.

And for the first time ever, a supercomputer has recorded an official victory against a grand master in the game of Go. The game is more complex than chess, with more different possibilities than the number of particles in the known Universe. So this world first - which combined the use of a NovaScale supercomputer and artificial intelligence software developed by INRIA (the French National Institute for Research in Computer Science and Control) - represents a real achievement.

Prestigious customers

20,000 billion operations a second (20 Teraflops): that's the performance delivered by the supercomputer Bull has delivered to Cardiff University, to support research projects at one of the UK's leading higher education establishments. The new facility will enable researchers to tackle problems of a whole new size and complexity.

Bull has also been chosen by GENCI (Grand Equipement National de Calcul Intensif) - the French national High-Performance Computing organization - and the CEA to provide a new supercomputer delivering overall performance in excess of 300 Teraflops, making the CEA's complex at Bruyeres le Chatel the largest site in Europe in the area of civil computing.

The machine, Europe's first large-scale hybrid supercomputer, features an innovative architecture that combines generalist processors and specialist graphics processors, such as those used in video games, allowing it to deliver very high levels of processing power both for production and research operations. The Bull NovaScale supercomputer will be used by the French scientific research community in key areas including climatology and sustainable development, space and aeronautical research, energy, and life and materials sciences.

Storage: a coherent strategy to reduce the complexity of data protection and improve the management of information

All kinds of organizations face exponential growth in the amount of data they have to manage. Images, videos, e-mails and voice messages make up an even greater proportion of electronic exchanges. Protecting data over long periods of time, often to meet regulatory requirements, poses many problems for IT Departments faced with strict controls over their budgets.

Against this backdrop, Bull is providing an innovative response to the issue of protecting critical information, with the launch of a range of solutions and products designed to protect data and make it easier to manage.

The first secure mobile computing platform, globull(TM), is a true confluence of innovation: the world's most secure solution, it allows users to carry their whole personal working environment with them wherever they go, in total security. globull(TM) protects against intrusions, viruses and spyware. globull(TM) represents a complete technological and ergonomic response to the need for secure computing on the move: combining a built-in hard disk and significant storage capacity with a defense-standard cryptographic processor. globull(TM) was launched in France on April 15, 2008.

Services business continues its dynamic growth, most notably in the e-government and telecommunications sectors

In Australia, Bull subsidiary AddressVision Inc. (AVI) - which specializes in providing automated postal solutions - has been chosen by Australia Post to upgrade its address recognition and mail automation capabilities for processing the country's letter mail.

As part of current and future reforms at the French Ministry of Defense, the French Navy (la Marine Nationale) is implementing a single information system for all its Human Resources (HR) functions, based on a common inter-ministerial kernel. The Navy has awarded the contract to integrate the new system to Bull, who will implement the project - with its significant organizational and functional aspects - and provide the complete host infrastructure.

In another clear illustration of Bull's expertise in information systems modernization for the public sector, Bull is leading the consortium chosen by the Egyptian Finance Ministry to provide, develop, adapt and implement an integrated tax and customs collection and management system for the country's taxation authorities. Bull has joined forces with Raya, the Finance Ministry's long-standing partner, to provide both services and project management.

OnAir, a subsidiary of Airbus and SITA, has chosen Bull and its partner Highdeal to support the development of its in-flight mobile phone service aimed at airline companies. The new services being rolled out will enable passengers to use their portable electronic devices (laptops, mobile phones and PDAs) as well as the airplane's own equipment, to communicate just as easily in the air as on the ground.

Finally, as part of its commercial growth strategy, Bull Evidian, the European leader in Identity and Access Management (IAM) and one of the top software publishers with its Enterprise Single Sign-On (E-SSO) solution, has announced a partnership with Quest, the major publisher and distributor of infrastructure management software. This agreement involves worldwide distribution of Evidian E-SSO, strengthening Evidian's international presence and opening up new, particularly in North America.

Outlook: the Group reiterates its outlook published in February 2008, for target EBIT (see glossary) of between EUR23 million and EUR27 million for the 2008 financial year

The key factors that will enable the Group to reach this target will be continued improvement of margins in the Services business, and growing sales of integrated product offerings including High-Performance Computing (HPC) and storage.

Glossary:

Clause de Retour a Meilleure Fortune (CRMF) or profit sharing agreement: In return for the forgiveness of a shareholder's loan, Bull agreed in 2004 to pay annually to the French State a portion of pre-tax profits (EBT) between 2005 and 2012 on condition that (i) EBT for the year is at least EUR10 million; (ii) operating cashflow for the year after restructuring payments exceeds EUR10 million; (iii) shareholders' equity does not fall below EUR10 million by application of the clause. If any of these conditions are not met, no payment is due for that period. Please refer to Bull's annual report for a full description of the CRMF.

EBIT: Earnings before Interest and Taxes, non-operating and non-recurring items and contribution of equity affiliates.

Gross cash: Cash and cash equivalents including marketable securities available for sale, deposits and guarantees.

Net cash: Gross cash minus financial debt. Financial debt: receivables sold with recourse, bank loans and bonds.

Capital expenditure: acquisition of assets by Bull for its own account or for the account of customers of outsourcing or managed services contracts.

About Bull, Architect of an Open World(TM)

As one of the leading European IT companies, Bull delivers open, flexible and secure information systems. The group helps public and private sector customers transform their information systems, applying its know-how and expertise in three main areas:

- Capitalizing on its extensive mainframe experience, Bull designs and produces robust, innovative and open servers, based on industry-standard technologies; - Building on its alliances with leading ISVs and long-standing involvement with Open Source, Bull develops and implements flexible and interoperable application infrastructures which give business processes the freedom to evolve; - Bringing together recognized expertise in end-to-end IT security, Bull secures data and exchanges that are so critical in preserving customers' business integrity.

Bull has a particularly strong presence in the public, healthcare, finance, telecommunications, manufacturing and defense sectors. Its distribution network and business partners cover more than 60 countries worldwide.

For more information visit: http://www.bull.com/ Key figures for the half of 2008 EUR millions First half First half 2007* 2008 Revenue 550.2 100% 550.6 100% o/w Services & Solutions 200.1 36% 240.0 44% o/w Hardware & Systems Solutions 159.8 29% 156.0 28% o/w Fulfillment & 3rd party 83.0 15% 54.6 10% products o/w Maintenance & PRS 107.4 20% 100.1 18% Gross margin 135.1 24.6% 124.0 22.5% EBIT (see glossary) 9.5 1.7% 11.5 2.1% Net income 4.5 0.8% 4.7 0.9% Numbers may not add up precisely to the total due to rounding.

To facilitate comparisons with the consolidated revenues published in 2007 is broken down here according to the new business segmentation.

Geographic breakdown of revenues: Revenue First half 2007 First half 2008 Variation EUR millions France 259.2 282.7 9.1% Europe excluding France 185.5 184.4 -0.6% Rest of the world 105.5 83.5 -20.9% Total 550.2 550.6 +0.1% Numbers may not add up precisely to the total due to rounding.

The geographic breakdown of consolidated revenues shows significant progress in France and a stable position in Europe excluding France. Bull's other international business activities suffered a fall in revenues, most notably as a result of the decision to refocus on the sale of the Group's own core products.

. Cashflow EUR millions First half First half 2007 2008 EBIT 9.5 11.5 Depreciation 9.4 6.9 Capital expenditure (8.0) (7.6) (see glossary) Variation in (24.8) (15.4) working capital Cash financial (1.3) (1.4) charges Cash taxes (0.3) 1.0 Operating cashflow (15.5) (5.0) Cashflow from non-current (20.6) (16.5) operations Cashflow (36.1) (21.5) Gross cash position 286.1 283.8 Net cash position 189.0 171.1 Summary consolidated financial statements - Consolidated income statement EUR millions 1H07 1H08 Revenue 550.2 550.6 Gross margin 135.1 24.6% 124.0 22.5% R&D expenses (23.0) 4.2% (14.3) 2.6% Selling, General & Administrative expenses (102.3) 18.6% (97.3) 17.7% Forex gain/(loss) (0.3) (0.9) EBIT : (see glossary) 9.5 1.7% 11.5 2.1% Other operating income 4.0 0.4 Other operating expenses (6.4) (6.9) Share in the net income of associated enterprises 0.1 0.2 Operating income 7.2 5.2 Financial income (2.4) (1.4) Taxes (0.3) 0.9 Net income 4.5 4.7 Minority interests - - Net income Group share 4.5 4.7 - Simplified consolidated balance sheet EUR millions June 30 June 30 2007 2008 Tangible and intangible assets 47.3 42.0 Goodwill 37.7 43.4 Non-current financial assets* 67.3 13.8 Deferred taxes 28.0 28.0 Non-current assets 180.3 127.2 Inventory 45.0 52.2 Accounts receivable 235.0 238.8 Other current assets 58.9 63.7 Guarantee deposits 10.1 3.8 Cash and cash equivalents 202.1 257.3 Current assets 551.1 615.8 Non-current assets available for sale 0.5 - Total assets 731.9 743.0 Shareholders' equity - Group share 81.0 81.0 Minority interests 0.1 - Non-current reserves and liabilities 170.9 159.4 of which CRMF (see glossary) 26.7 26.7 Current reserves and liabilities 479.9 502.6 of which financial debt ** 97.1 112.5 Total liabilities 731.9 743.0

* The decrease of non-current financial assets is mostly due to the sale of OPCVM money-market funds not classified "monetaire Euro" by the AMF.

** Short-term borrowings stood at EUR84.5 million at 30 June 2008, and EUR101.3 million at 30 June 2007

REMINDER: New segmentation of Group business activities

In order to more effectively reflect its business activities, from 2008 Bull is adopting a new segmentation which describes its offerings more accurately in line with the criteria of the market in which it operates.

The new Services and Solutions segment includes all business activities linked to services: consulting, systems integration and outsourcing, licenses for both for Bull and third-party applications, and IT security and sector-specific software solutions. This way of presenting the services and solutions business is therefore more comparable with other companies operating in the same sector.

The new Hardware and Systems Solutions segment includes the Group's core product offerings including integrated solutions based on Bull GCOS, Escala and NovaScale solutions, and secure storage, including the High-Performance Computing (HPC) growth offerings. It reflects the Group's evolution from being a hardware manufacturer, to being an architect of integrated solutions. Revenues from Bull hardware supplied as part of systems integration contracts continue to be accounted for under this segment.

The Fulfillment and Third-Party Products segment includes third-party IT hardware - not in the Bull catalogue - distributed by Bull at the request of its customers. This no-strategic offering is designed to support customers who are looking for a single supplier for all their IT requirements. Separating this business into a dedicated segment should make it easier to understand.

Finally, Maintenance and Product-Related Services (PRS) remains the segment covering business activities relating to maintenance of Bull and third-party products.

Disclaimer

This Press release includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause expected results to differ.

Although Bull believes that its expectations and the information in this Press release were based upon reasonable assumptions at the time when they were made, it can give no assurance that those expectations will be achieved or that the expected results will be as set out in this Press release. Neither Bull nor any other company within the Bull Group is making any representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the information in the Press release, and neither Bull, any other company within the Bull Group nor any of their directors, officers or employees will have any liability to you or any other persons resulting from your use of the information in the Press release.

---------------------------------

(1) Revenue for 2007 has been recast to exclude the Portuguese business (divested in March 2007) and the Maine CI printed circuit boards business (divested in January 2008). Companies acquired in 2007 and 2008 contributed EUR27.9 million to consolidated revenue in the first half of 2008.

Investor relations contacts:

Bull - Peter Campbell - Tel: +33-(0)1-30-80-32-36 - peter.campbell@bull.net

Financial Dynamics - Laurence Borbalan / Eloi Perrin-Aussedat - Tel: +33-(0)1-47-03 -68-10 - Laurence.borbalan@fd.com / eloi.perrin-aussedat@fd.com

Press contacts:

Bull - Anne Marie Jourdain - Tel: +33-(0)1-30-80-32-52 - anne-marie.jourdain@bull.net

Financial Dynamics - Elodie Marchand / Tiphaine Bannelier - Tel: +33-(0)1-47-03-68-10 - elodie.marchand@fd.com / tiphaine.bannelier@fd.com

Bull

CONTACT: Investor relations contacts: Bull - Peter Campbell - Tel:
+33-(0)1-30-80-32-36 - peter.campbell@bull.net; Financial Dynamics - Laurence
Borbalan / Eloi Perrin-Aussedat - Tel: +33-(0)1-47-03 -68-10 -
Laurence.borbalan@fd.com / eloi.perrin-aussedat@fd.com. Press contacts: Bull
- Anne Marie Jourdain - Tel: +33-(0)1-30-80-32-52 -
anne-marie.jourdain@bull.net; Financial Dynamics - Elodie Marchand / Tiphaine
Bannelier - Tel: +33-(0)1-47-03-68-10 - elodie.marchand@fd.com

Honeywell to Turbocharge First Ford EcoBoost Engine2010 Lincoln MKS EcoBoost V-6 with Twin-Turbos from Honeywell Will Help Improve Fuel Economy and Cut CO2 Emissions

TORRANCE, Calif., July 30 /PRNewswire-FirstCall/ -- Honeywell , the world's largest turbo manufacturer, is helping Ford find a "replacement for displacement." As the industry leader in developing advancements in turbo technology, Honeywell has been selected by Ford to develop turbochargers for its first introduction of EcoBoost technology on next year's 2010 Lincoln MKS. The new turbocharged 3.5L V-6 engine will perform like a large V-8, but will deliver the fuel economy of a V-6.

Engine downsizing is big news in the U.S. -- thanks to a new, environmentally-friendly engine technology from Ford that's harnessing the power of direct injection and using Honeywell's advanced gasoline turbo technology. Ford's EcoBoost engine range is creating a new dynamic in the equation between power, fuel economy and CO2 output. The result will be one of the world's most powerful, yet fuel-efficient, gasoline-powered luxury sedans.

"It's fitting that Ford asked Honeywell, the world's largest and most innovative turbo maker in the world, to help launch the first truly efficient downsized turbocharged gasoline engine in the US," said Adriane Brown, President and CEO, Honeywell Transportation Systems. "Honeywell is proud to partner with Ford on its first EcoBoost engine, and to give American drivers a fuel-efficient, lower emitting vehicle that doesn't compromise on performance."

To help bring this pioneering engine to market, Honeywell leveraged the latest advances in turbine design and materials to optimize the performance and ensure the reliability of its modern gasoline turbo technology. The twin-turbo 3.5-liter V-6 will deliver upwards of 340-plus lb-ft (461Nm) of torque across a wide engine range -- 2,000 to 5,000 rpm -- versus 270 to 310 lb-ft (366Nm to 420Nm) of torque for a conventional naturally aspirated 4.6-liter V-8 over the same speed range.

Honeywell Turbo Technologies produces more than 9 million turbochargers a year. With major manufacturing and engineering sites throughout Europe, the Americas and Asia, the business continues to expand its global footprint to meet the rising global demand for boosted vehicles.

Honeywell expects the global turbocharger segment to grow from 30% of the overall automotive market to more than 38% by 2013 as automakers look to boost engines to help increase fuel-efficiency and reduce harmful exhaust emissions without sacrificing performance.

Honeywell International is a $37 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced materials. Based in Morris Township, NJ, Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is a component of the Standard & Poor's 500 Index. For additional information, please visit http://www.honeywell.com/

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.

Honeywell

CONTACT: Joe Toubes of Honeywell, +1-310-791-9153,
joe.toubes@honeywell.com; or Stephanie Saffer, +1-212-445-8254,
ssaffer@webershandwick.com, for Honeywell

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

page 1 page 2 page 3 page 4 page 5

News archive of November 2009
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

News Archives of July 2008
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

News Archives other dates
2009: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Datasheet begin: 0 1 2 3 4 5 6 7 8 9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Distributors inventory: 0 1 2 3 4 5 6 7 8 9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z