Tundra Semiconductor Reports Q1 FY09 Financial ResultsTundra Reports Revenue and Earnings at High End of Guidance

OTTAWA, Aug. 28 /PRNewswire-FirstCall/ -- Tundra Semiconductor Corporation (Tundra, or "the Company") (TSX:TUN), a leader in System Interconnect, today reported financial results for the first quarter of fiscal 2009, which ended August 3, 2008.

Q1-2009 RESULTS: - Q1 Revenue: $18.0 million - Q1 Pro forma earnings: $1.2 million - Q1 Pro forma diluted earnings per share: $0.06 - Q1 GAAP Results: earnings of $0.4 million or $0.02 per diluted share - Q1 Product Revenue: up 4% over previous quarter

Revenue for the first quarter of fiscal year 2009 was $18.0 million, comprised of $8.9 million in the Communications market segment, $6.8 million in the Computing/Storage market segment, and $2.3 million in Design Services. Quarterly revenue represents a 1% increase from the fourth quarter of fiscal year 2008 and a 10% decrease compared to the first quarter in fiscal year 2008. Pro forma earnings for the quarter were $1.2 million or $0.06 per share, compared to earnings of $1.5 million or $0.07 per share in the fourth quarter of fiscal year 2008 and compared to $1.9 million or $0.10 per share in the first quarter of fiscal year 2008. GAAP earnings for the quarter were $0.4 million or $0.02 per diluted share, compared to a loss of $3.9 million or $0.20 per diluted share in the fourth quarter of fiscal year 2008, and a loss of $1.0 million or $0.05 per diluted share in the first quarter fiscal year 2008.

"We are pleased with the financial results of the first quarter of fiscal 2009. Revenue and pro forma earnings were at the high end of the guidance we provided at the close of the fourth quarter, and we also achieved more than 4% growth in product revenue as projected. Our cash position remains strong at more than $58 million and our cash generated from operations was once again positive," said Daniel Hoste, President and Chief Executive Officer, Tundra Semiconductor. "In the first quarter we adapted our growth strategy to focus on maintaining our leadership position in RapidIO and on addressing new, broader, larger markets by expanding our PCI Express portfolio. We are excited about this strategy, setting up Tundra for steady growth from both product lines, while we continue to carefully manage our financial performance," continued Hoste.

Management offers the following outlook for the second quarter of fiscal year 2009:

- Q2 Revenue is expected to be in the range of $16.5 million to $18.5 million - Q2 Pro forma diluted earnings per share is expected to be in the range of $0.03 to $0.07

"Our outlook for the second quarter is expected to be consistent with first quarter guidance, with a continued focus on delivering solid cash performance," said David Long, Chief Financial Officer, Tundra Semiconductor.

Q1-2009 Highlights - Tundra announced that it has been selected by ZTE Corporation, a leading global provider of telecommunications equipment and network solutions, to supply Tundra's high performance PCI Express(R) (PCIe) product for ZTE's Next Generation Platform System Graphics Card. ZTE selected Tundra's high performance semiconductor to improve overall performance on its new Graphics Card. Tundra's PCIe interconnect solution has typical power consumption of 1.3W, and incorporates power management to minimize power consumption during operation. In addition, Tundra's PCIe product offers the flexibility, high performance, small footprint, low power consumption and drop-in compatibility that ZTE required for its new design. - In the quarter Tundra introduced an evaluation platform centered on its Tsi620(TM) multi-standard RapidIO(R) Switch. In addition to the Tundra Tsi620, the multi-platform evaluation platform works in conjunction with Texas Instruments (TI) TMS320TCI6487 high performance multi-core DSP and an Altera(R) Stratix(R) III FPGA to enable prototyping and, ultimately, cost reduction in applications such as high performance wireless and video processing, medical imaging and military signal- processing solutions. The platform will allow customers to use the RapidIO protocol for DSP or processor aggregation, while leveraging the Tsi620's hardware bridging to low cost PCI-enabled processors. The platform offers communication with a variety of cost competitive PCI-enabled microprocessors through a PMC connector, providing additional cost saving opportunities. TI's 3GHz embedded DSP delivers exceptional performance in computationally challenging applications. On the evaluation platform, the Tsi620 interfaces with Altera's Stratix III FPGA to leverage RapidIO over XGMII. This results in low latency while leveraging the RapidIO protocol and allows customers to access RapidIO processor clusters from an FPGA without SerDes. The complete solution allows customers to reduce their time-to-market, and the bill-of-materials (BOM) in end applications by over $100 compared to other solutions.

Finally, it is with deep regret that we announced in July that Mike Unger, a long-standing member of the Tundra Board of Directors, passed away after a short illness. Mike served on Tundra's Board of Directors since 2001, after a long and successful career at Nortel Networks, his last role there being President of the Optical Networks Division. As a Director of Tundra's business, and as Chair of the Board's Human Resources, Corporate Governance and Nominating Committee, Mike demonstrated grace, balance, wisdom and good judgment in all that he did, and always had the best interests of Tundra's Shareholders and Employees in mind. Mike's positive attitude and good nature will be sorely missed.

Conference Call and Webcast

Tundra management will hold a conference call today August 28, 2008 at 5:00pm EST to discuss additional details regarding this earnings update. You can access the conference call via any of the following:

Teleconference: 1.416-644-3414 Replay: 1.416-640-1917, Passcode: 21280986#. (Available until Sept 4, 2008) Web Cast: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2389420 About Tundra

Tundra Semiconductor Corporation (TSX:TUN) supplies the world's leading communications, computing and storage companies with System Interconnect products, intellectual property (IP) and design services backed by world-class customer service and technical support. Tundra's track record of product leadership includes over a decade of bridges and switches enabling key industry standards: RapidIO(R), PCI, PCI-X, PCI Express(R), Power Architecture(TM), VME, HyperTransport(TM), Interlaken, and SPI4.2. Tundra's products deliver high functional quality and simplified board design and layout, with specific focus on system level signal integrity. Tundra's design services division, Silicon Logic Engineering, Inc., offers industry-leading ASIC and FPGA design services, semiconductor intellectual property and product development consulting. Tundra's technology connects critical components in high performance embedded systems around the world. For more information, please visit http://www.tundra.com/.

The difference between pro forma and GAAP earnings is due to stock-based compensation expense, restructuring charges, goodwill impairment charges and amortization of intangibles and other assets associated with Tundra's acquisitions. Tundra uses pro forma measures internally to evaluate and manage operating performance as well as to forecast and plan.

Tundra Semiconductor Corporation is a public company with common shares listed for trading on the Toronto Stock Exchange (TSX:TUN) in Canada. All figures, unless otherwise noted, are stated in Canadian dollars in accordance with accounting principles generally accepted in Canada.

Forward Looking Information

The Company cautions that the forward-looking information in this release is based on certain assumptions made by the Company that may prove to be inaccurate. Assumptions made include assumptions about: stability of the telecommunications market, appropriate customer inventory levels, minimal currency fluctuation, the movement of products from design wins to production within customer products, the Company's ability to bring to market the products currently under development, as well as stability of customer need for design services.

Furthermore, the Company cautions that the forward-looking statements in this release are based on current expectations that are subject to risks and uncertainties. Actual results may differ due to variable factors such as customer demand and customer inventory management, customer relationships, product development, new services offerings, product shipping schedules, product mix, competitive products and services, pricing pressure, changes in the Company's target markets, including but not limited to the telecommunications market, and currency fluctuation. The Company assumes no obligation to update or revise any forward-looking statements. Additional information identifying risks and uncertainties is contained in the Company's filings with the various provincial securities commissions which are available online at http://www.sedar.com/.

TUNDRA and the Tundra logo are registered marks of Tundra Semiconductor Corporation in Canada, the United States, the European Union and the People's Republic of China. Design.Connect.Go. and Tsi620 are trademarks of Tundra Semiconductor Corporation. RapidIO is a trademark of the RapidIO Trade Association, Inc. The PowerPC name, Power Architecture name, and the PowerPC logotype are trademarks of International Business Machines Corporation, used under license therefrom. Other registered and unregistered trademarks are the property of their respective owners.

Development of the Tundra Tsi620 was made possible in part with the assistance of the Technology Partnerships Canada Program.

(C) Copyright 2008 Tundra Semiconductor Corporation. All rights reserved. Information subject to change without notice.

TUNDRA SEMICONDUCTOR CORPORATION PRO FORMA CONSOLIDATED STATEMENTS OF EARNINGS For the three months ended August 3, 2008 and July 29, 2007 (Canadian dollars, amounts in thousands except per share data) (Unaudited) Three months ended ------------------------- August 3 July 29 2008 2007 Revenue Product $ 15,696 $ 18,054 Service 2,315 2,004 ------------------------------------------------------------------------- 18,011 20,058 Cost of revenue Product 5,973 5,608 Service 1,594 1,174 ------------------------------------------------------------------------- 7,567 6,782 ------------------------------------------------------------------------- Gross margin 10,444 13,276 Expenses Sales and marketing 3,099 3,028 General and administration 2,062 2,408 Research and development 4,438 5,962 ------------------------------------------------------------------------- 9,599 11,398 Pro forma earnings from operations 845 1,878 Interest and other income 443 686 ------------------------------------------------------------------------- Pro forma earnings before income taxes 1,288 2,564 Income tax provision 95 629 ------------------------------------------------------------------------- PRO FORMA EARNINGS $ 1,193 $ 1,935 ------------------------------------------------------------------------- Pro froma earnings per share Basic $ 0.06 $ 0.10 Diluted $ 0.06 $ 0.10 Weighted average number of common shares outstanding Basic 19,625 19,932 Diluted 19,625 19,970 TUNDRA SEMICONDUCTOR CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) For the three months ended August 3, 2008 and July 29, 2007 (Canadian dollars, amounts in thousands except per share data) (Unaudited) Three months ended ------------------------- August 3 July 29 2008 2007 Revenue Product $ 15,696 $ 18,054 Service 2,315 2,004 ------------------------------------------------------------------------- 18,011 20,058 Cost of revenue Product 5,973 5,608 Service 1,594 1,174 ------------------------------------------------------------------------- 7,567 6,782 ------------------------------------------------------------------------- Gross margin 10,444 13,276 Expenses Sales and marketing 3,099 3,028 General and administration 2,062 2,408 Research and development 4,438 5,962 Stock-based compensation 450 488 Amortization of acquisition-related intangible assets 306 1,082 Restructuring charges - 1,659 ------------------------------------------------------------------------- 10,355 14,627 Earnings (loss) from operations 89 (1,351) Interest and other income 443 686 ------------------------------------------------------------------------- Earnings (loss) before income taxes 532 (665) Income tax provision 95 308 ------------------------------------------------------------------------- NET EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) $ 437 $ (973) ------------------------------------------------------------------------- Earnings (loss) per share Basic $ 0.02 $ (0.05) Diluted $ 0.02 $ (0.05) Weighted average number of common shares outstanding Basic 19,625 19,932 Diluted 19,625 19,932 TUNDRA SEMICONDUCTOR CORPORATION CONSOLIDATED BALANCE SHEETS (Canadian dollars, amounts in thousands) August 3 April 30 2008 2008 (Unaudited) (Audited) ASSETS Current assets Cash and cash equivalents $ 58,537 $ 23,861 Short-term investments - 35,373 Accounts receivable 8,766 7,470 Inventories 5,998 6,226 Prepaid expenses and other current assets 2,258 3,288 Future income tax asset 2,705 2,970 ------------------------------------------------------------------------- 78,264 79,188 Other assets 1,912 1,919 Investment tax credits recoverable 9,116 8,976 Property, plant and equipment 18,399 16,272 Intangible assets 5,399 5,720 Future income tax asset 5,017 4,638 ------------------------------------------------------------------------- $ 118,107 $ 116,713 ------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable and accrued liabilities $ 10,769 $ 9,913 Income tax payable 189 131 ------------------------------------------------------------------------- 10,958 10,044 Shareholders' equity Share capital 180,159 181,006 Contributed surplus 10,977 10,087 Deficit (83,987) (84,424) ------------------------------------------------------------------------- 107,149 106,669 ------------------------------------------------------------------------- $ 118,107 $ 116,713 ------------------------------------------------------------------------- TUNDRA SEMICONDUCTOR CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS For the three months ended August 3, 2008 and July 29, 2007 (Canadian dollars, amounts in thousands) (Unaudited) Three months ended ------------------------- August 3 July 29 2008 2007 Operating activities Earnings (loss) $ 437 $ (973) Items not affecting cash Amortization of property, plant and equipment and asset impairments 1,810 1,997 Amortization of acquisition-related intangible assets 306 1,082 Stock-based compensation 450 488 Investment tax credits recoverable (140) (128) Future income taxes (114) (1,058) ------------------------------------------------------------------------- 2,749 1,408 Cash effect of changes in Accounts receivable (1,296) (1,060) Inventories 228 1,462 Prepaid expenses and other assets 1,037 168 Accounts payable and accrued liabilities 814 (1,263) Income taxes payable 58 (115) ------------------------------------------------------------------------- 3,590 600 ------------------------------------------------------------------------- Investing activities Acquisition of property, plant and equipment (3,922) (4,148) Proceeds on disposal of short-term investments 35,373 42,379 ------------------------------------------------------------------------- 31,451 38,231 ------------------------------------------------------------------------- Financing activities Net proceeds on the issue of common shares - 250 Share repurchase (365) - ------------------------------------------------------------------------- (365) 250 ------------------------------------------------------------------------- Increase in cash and cash equivalents 34,676 39,081 Cash and cash equivalents, beginning of period 23,861 18,340 ------------------------------------------------------------------------- Cash and cash equivalents, end of period 58,537 57,421 Short-term investments, end of period - - ------------------------------------------------------------------------- Cash, cash equivalents and short-term investments, end of period $ 58,537 $ 57,421 -------------------------------------------------------------------------

TUNDRA SEMICONDUCTOR CORPORATION

CONTACT: David Long, Chief Financial Officer, Tundra Semiconductor,
(613) 592-0714, david.long@tundra.com

Marvell Technology Reports Fiscal Second Quarter Results- F2Q09 Revenue: $843 Million, up 28% Year-on-Year- F2Q09 Net Income: $71 Million (GAAP), $154 Million (non-GAAP)- F2Q09 EPS: $0.11 (GAAP), $0.24 (non-GAAP)- F2Q09 Free Cash Flow: $167 Million

SANTA CLARA, Calif., Aug. 28 /PRNewswire-FirstCall/ -- Marvell Technology Group Ltd. , a leader in storage, communications and consumer silicon solutions, today reported financial results for the second quarter of fiscal year 2009, ended August 2, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070411/SFW034LOGO)

Net revenue for the second quarter of fiscal 2009 was $842.6 million, an increase of 28 percent over $656.7 million in the second quarter of fiscal 2008, ended July 28, 2007, and a 4.8 percent sequential increase from $804 million in the first quarter of fiscal 2009, ended May 3, 2008.

"The results for our second quarter were better than we had anticipated. We demonstrated significant year over year revenue growth, sustained profitability and excellent free cash flow generation," said Dr. Sehat Sutardja, Marvell Chairman and Chief Executive Officer. "We also continued to realize recurring benefits from our improved efficiency which combined with our revenue performance enabled us to achieve increased sequential growth in gross and operating margins."

Marvell reports net income (loss), basic and diluted net income (loss) per share in accordance with U.S. generally accepted accounting principles (GAAP) and on a non-GAAP basis as outlined below. Reconciliations of GAAP net income (loss) to non-GAAP net income for the three and six months ended August 2, 2008 and July 28, 2007 appear in the financial statements below. Non-GAAP net income, where applicable, excludes the effect of stock-based compensation, amortization and write-offs of acquired intangible assets and restructuring costs.

GAAP net income was $71.4 million, or $0.11 per share (diluted), for the second quarter of fiscal 2009, compared with a GAAP net loss of $56.5 million, or a loss of $0.10 per share for the second quarter of fiscal 2008. In the first quarter of fiscal 2009 GAAP net income was $69.9 million, or $0.11 per share (diluted).

Non-GAAP net income increased to $154 million, or $0.24 per share (diluted) for the second quarter of fiscal 2009, a 288 percent increase compared with non-GAAP net income of $39.7 million, or $0.06 per share (diluted) for the second quarter of fiscal 2008 and an increase of 2 percent from non-GAAP net income of $150.4 million, or $0.24 per share (diluted) for the first quarter of fiscal 2009. Results for the first fiscal quarter of 2009 included one time benefits of $14.5 million, or approximately $0.02 per share.

Non-GAAP gross margin for the second quarter of fiscal 2009 was 52.3 percent, compared to non-GAAP gross margin of 52.0 percent for the first

quarter of fiscal 2009 and non-GAAP gross margin of 49.4 percent for the second quarter of fiscal 2008.

Shares used to compute GAAP net income per share, for the second quarter of fiscal 2009 were 638 million shares (diluted), compared with 588 million shares in the second quarter of fiscal 2008 and 624 million shares (diluted) in the first quarter of fiscal 2009. Shares used to compute non-GAAP net income per diluted share for the second quarter of fiscal 2009 were 640 million shares compared with 630 million shares for the second quarter of fiscal 2008 and 624 million shares for the first quarter of fiscal 2009.

Cash flow from operations for the second quarter of fiscal 2009 was $183 million, up 40% sequentially from the $130 million reported in the first quarter of fiscal 2009. Free cash, defined as cash flow from operations, less investments in property, plant and equipment, was $167 million, up 67% sequentially from the $100 million reported in the first quarter of fiscal 2009.

Conference Call

Marvell will be conducting a conference call on August 28, 2008 at 1:45 p.m. PDT to discuss its second quarter of fiscal 2009 financial performance. The call is being webcast by Thomson/CCBN and can be accessed at Marvell's web site at http://www.marvell.com/. The conference call will also be available via the web at http://www.marvell.com/. Please visit Marvell's website, under the Investor Events section of the Investor Relations page. Replay on the Internet will be available until September 4, 2009.

Discussion of Non-GAAP Financial Measures

Non-GAAP net income consists of net income excluding stock-based compensation expense as well as charges related to acquisitions and other charges and gains that are driven primarily by discrete events that management does not consider to be directly related to Marvell's core operating performance. Non-GAAP earnings per share is calculated by dividing non-GAAP net income by non-GAAP weighted average shares outstanding (diluted). For purposes of calculating non-GAAP earnings per share, the GAAP weighted average shares outstanding (diluted) is adjusted to exclude the potential benefits of compensation costs expected to be incurred in future periods, but not yet recognized in the financial statements. The expected compensation costs are treated as proceeds assumed to be used to repurchase shares under the GAAP treasury stock method and also include the dilutive/antidilutive effects of warrants, common stock options and restricted stock.

Marvell believes that the presentation of non-GAAP net income and non-GAAP net income per share provides important supplemental information to management and investors regarding financial and business trends relating to the company's financial condition and results of operations. While Marvell uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Marvell does not consider these measures to be a substitute for, or superior to, the information provided by GAAP financial measures. Consistent with this approach, Marvell believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. For further information regarding why Marvell believes that these non-GAAP measures provide useful information to investors, the specific manner in which management uses these measures, and some of the limitations associated with the use of these measures, please refer to Marvell's Current Report on Form 8- K filed today with the SEC. The Form 8-K is available on the SEC's website at http://www.sec.gov/ as well as on the Marvell website in the Investor Relations section at http://www.marvell.com/.

About Marvell

Marvell Technology is a leader in the development of storage, communications and consumer silicon solutions. Marvell's diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries. For more information visit http://www.marvell.com/

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties concerning the Company's use of non-GAAP net income and net income per share as important supplemental information. Actual events or results may differ materially from those described in this document due to a number of risks and uncertainties. These statements are not guarantees of results and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements, including the Company's reliance on major customers and suppliers; market acceptance of new products; and other risks detailed in Marvell's SEC filings. When Marvell files its Form 10-Q for the second quarter of fiscal 2009, the financial statements may differ from the results disclosed in this press release because judgments and estimates that management used in preparing the financial results reported in this press release may need to be updated to the date of the filing. The Company's results also remain subject to review by the Company's independent registered public accounting firm. For other factors that could cause Marvell's results to vary from expectations, please see the risk factors identified in the Marvell's latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the SEC and other factors detailed from time to time in Marvell's filings with the SEC. Marvell undertakes no obligation to revise or update publicly any forward-looking statements.

For further information, contact: Jeff Palmer Louise Kehoe Investor Relations Ogilvy PR/ Marvell 408-222-8373 650-544-5070 jpalmer@marvell.com louise.kehoe@ogilvypr.com Marvell Technology Group Ltd. Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts) Three Months Ended Six Months Ended August 2, May 3, July 28, August 2, July 28, 2008 2008 2007 2008 2007 Net revenue $842,575 $804,075 $656,711 $1,646,650 $1,291,761 Cost of goods sold 405,913 388,842 335,530 794,755 662,947 Gross profit 436,662 415,233 321,181 851,895 628,814 Operating expenses: Research and development and other 249,714 238,475 236,194 488,189 470,327 Selling and marketing 41,834 46,088 53,942 87,922 104,334 General and administrative 30,989 12,951 33,775 43,940 57,763 Amortization of acquired intangible assets 34,988 35,247 37,293 70,235 74,613 Total operating expenses 357,525 332,761 361,204 690,286 707,037 Operating income (loss) 79,137 82,472 (40,023) 161,609 (78,223) Interest and other income (expense), net (2,690) (3,959) (6,814) (6,649) (15,470) Income (loss) before income taxes 76,447 78,513 (46,837) 154,960 (93,693) Provision for income taxes 5,080 8,574 9,619 13,654 15,591 Net income (loss) $71,367 $69,939 $(56,456) 141,306 (109,284) Basic net income (loss) per share $0.12 $0.12 $(0.10) $0.23 $(0.19) Diluted net income (loss) per share $0.11 $0.11 $(0.10) $0.22 $(0.19) Shares used in computing basic earnings per share 606,860 601,222 587,534 604,041 587,480 Shares used in computing diluted earnings per share 637,832 624,351 587,534 631,091 587,480 Marvell Technology Group Ltd. Reconciliation of Non-GAAP Adjustments (Unaudited) (In thousands, except per share amounts) Three Months Ended Three Months Ended August 2, 2008 July 28, 2007 Adjust- Adjust- GAAP ments Non-GAAP GAAP ments Non-GAAP Net revenue $842,575 $- $842,575 $656,711 $- $656,711 Cost of goods sold 405,913 3,755(a) 402,158 335,530 3,275(a) 332,255 Gross profit 436,662 3,755 440,417 321,181 3,275 324,456 Gross margin 51.8% 52.3% 48.9% 49.4% Operating expenses: Research and development and other 249,714 32,998(a) 216,716 236,194 34,591(a) 201,603 Selling and marketing 41,834 6,159(a) 35,675 53,942 10,977(a) 42,965 General and administrative 30,989 4,715(a) 26,274 33,775 10,033(a) 23,742 Amortization of acquired intangible assets 34,988 34,988(b) - 37,293 37,293(b) - Total operating expenses 357,525 78,860 278,665 361,204 92,894 268,310 Operating income (loss) 79,137 82,615 161,752 (40,023)96,169 56,146 Interest and other income (expense), net (2,690) - (2,690) (6,814) - (6,814) Income (loss) before income taxes 76,447 82,615 159,062 (46,837) 96,169 49,332 Provision for income taxes 5,080 - 5,080 9,619 - 9,619 Net income (loss) $71,367 $82,615 $153,982 $(56,456)$96,169 $39,713 Basic net income (loss) per share $0.12 $0.25 $(0.10) $0.07 Diluted net income (loss) per share $0.11 $0.24 $(0.10) $0.06 Shares used in computing basic earnings per share 606,860 606,860 587,534 587,534 Shares used in computing diluted earnings per share 637,832 640,147 587,534 630,258 (a) Consists of For three months ending August 2, 2008, employee stock-based compensation expense of $3,755 cost of goods sold, $32,998 research and development, $6,159 selling and marketing and $4,715 general and administrative For three months ending July 28, 2007, employee stock-based compensation expense of $3,275 cost of goods sold, $34,591 research and development, $10,977 selling and marketing and $10,033 general and administrative (b) Consists of For three months ending August 2, 2008, amortization of intangible assets of $34,988 resulting from prior acquisitions For three months ending July 28, 2007, amortization of intangible assets of $37,293 resulting from prior acquisitions Marvell Technology Group Ltd. Reconciliation of Non-GAAP Adjustments (Unaudited) (In thousands, except per share amounts) Six Months Ended Six Months Ended August 2, 2008 July 28, 2007 Adjust- Adjust- GAAP ments Non-GAAP GAAP ments Non-GAAP Net revenue $1,646,650 $- $1,646,650 $1,291,761 $- $1,291,761 Cost of goods sold 794,755 6,828(a) 787,927 662,947 6,293(a) 656,654 Gross profit 851,895 6,828 858,723 628,814 6,293 635,107 Gross margin 51.7% 52.1% 48.7% 49.2% Operating expenses: Research and development and other 488,189 62,930(a) 425,259 470,327 66,633(a) 403,694 Selling and marketing 87,922 13,507(a) 74,415 104,334 18,148(a) 86,186 General and admini- strative 43,940 9,588(a) 34,352 57,763 14,590(a) 43,173 Amortization of acquired intangible assets 70,235 70,235(b) - 74,613 74,613(b) - Total operating expenses 690,286 156,260 534,026 707,037 173,984 533,053 Operating income (loss) 161,609 163,088 324,697 (78,223) 180,277 102,054 Interest and other income (expense), net (6,649) - (6,649) (15,470) - (15,470) Income (loss) before income taxes 154,960 163,088 318,048 (93,693) 180,277 86,584 Provision for income taxes 13,654 - 13,654 15,591 - 15,591 Net income (loss) $141,306 $163,088 $304,394 $(109,284)$180,277 $70,993 Basic net income (loss) per share $0.23 $0.50 $(0.19) $0.12 Diluted net income (loss) per share $0.22 $0.48 $(0.19) $0.11 Shares used in computing basic earnings per share 604,041 604,041 587,480 587,480 Shares used in computing diluted earnings per share 631,091 632,294 587,480 632,010 (a) Consists of For six months ending August 2, 2008, employee stock-based compensation expense of $6,828 cost of goods sold, $62,930 research and development, $13,507 selling and marketing and $9,588 general and administrative For six months ending July 28, 2007, employee stock-based compensation expense of $6,293 cost of goods sold, $66,633 research and development, $18,148 selling and marketing and $14,590 general and administrative (b) Consists of For six months ending August 2, 2008, amortization of intangible assets of $70,235 resulting from prior acquisitions For six months ending July 28, 2007, amortization of intangible assets of $74,613 resulting from prior acquisitions Marvell Technology Group Ltd. Condensed Consolidated Balance Sheets (Unaudited) (In thousands) August 2, February 2, Assets 2008 2008 Current assets: Cash, cash equivalents and short-term investments $888,898 $630,903 Accounts receivable, net 470,646 332,020 Inventory 326,924 419,493 Prepaid expenses and other current assets 94,103 121,325 Total current assets 1,780,571 1,503,741 Property and equipment, net 412,988 416,241 Long-term investments 40,293 45,628 Goodwill and acquired intangible assets 2,357,606 2,427,877 Other non-current assets 132,627 157,107 Total assets $4,724,085 $4,550,594 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $237,039 $231,135 Accrued liabilities 217,629 241,062 Income taxes payable 37,008 39,132 Deferred income 62,005 69,420 Current portion of capital lease obligations 1,933 2,463 Total current liabilities 555,614 583,212 Capital lease obligations 3,363 4,238 Term loan obligations 288,750 390,750 Other long-term liabilities 169,666 160,875 Total liabilities 1,017,393 1,139,075 Shareholders' equity: Common stock 1,221 1,200 Additional paid-in capital 4,256,384 4,100,659 Accumulated other comprehensive income (loss) (1,264) 615 Accumulated deficit (549,649) (690,955) Total shareholders' equity 3,706,692 3,411,519 Total liabilities and shareholders' equity $4,724,085 $4,550,594 Marvell Technology Group Ltd. Condensed Consolidated Statements of Cash Flows (Unaudited) (in thousands) Six Months Ended August 2, July 28, 2008 2007 Cash flows from operating activities: Net income (loss) $141,306 $(109,284) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 56,650 52,420 Stock-based compensation 92,853 105,664 Amortization of acquired intangible assets 70,235 74,613 Loss from disposal of assets - (5,122) Fair market value adjustment to Intel inventory sold (10,757) (77,641) Interest expense related to supply contract - 3,023 Excess tax benefits from stock- based compensation (494) (235) Changes in assets and liabilities, net of acquisitions: Restricted cash (24,500) - Accounts receivable (138,626) (28,702) Inventories 103,327 (88,748) Prepaid expenses and other assets 42,810 53,992 Accounts payable 5,878 22,334 Accrued liabilities and other (33,999) (26,199) Accrued employee compensation 9,995 855 Income taxes payable 5,814 3,928 Deferred income (7,415) 8,318 Net cash provided by (used in) operating activities 313,077 (10,784) Cash flows from investing activities: Cash paid in acquisitions, net - (7,141) Purchases of short-term and long- term investments (10,172) (113,651) Sales and maturities of short- term and long-term investments 23,793 50,021 Acquisition costs - (1,138) Purchases of property and equipment (46,532) (64,513) Purchases of technology licenses (1,250) (16,850) Proceeds from sale of assets under construction - 5,122 Net cash used in investing activities (34,161) (148,150) Cash flows from financing activities: Proceeds from the issuance of common stock and other 67,656 2,681 Principal payments on capital lease and debt obligations (103,405) (7,811) Excess tax benefits from stock- based compensation 494 235 Net cash used in financing activities (35,255) (4,895) Net increase (decrease) in cash and cash equivalents 243,661 (163,829) Cash and cash equivalents at beginning of period 615,648 568,008 Cash and cash equivalents at end of period $859,309 $404,179

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070411/SFW034LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Marvell Technology Group Ltd.

CONTACT: Jeff Palmer, Investor Relations of Marvell, +1-408-222-8373,
jpalmer@marvell.com; or Louise Kehoe of Ogilvy PR, +1-650-544-5070,
louise.kehoe@ogilvypr.com, for Marvell

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

Salesforce.com Chief Financial Officer to Present at Citigroup Technology ConferenceEvent to be Webcast Live on salesforce.com's Investor Relations Website

SAN FRANCISCO, Aug. 28 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) today announced that Graham Smith, Chief Financial Officer of salesforce.com, will present at the Citigroup Technology Conference on Thursday, September 4, 2008 at 11:30am (ET) / 8:30am (PT), in New York.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO)

An audio webcast of Mr. Smith's presentation will be available on salesforce.com's website at http://www.salesforce.com/investor.

About salesforce.com

Salesforce.com is the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS). The company's portfolio of SaaS applications, including its award-winning CRM, available at http://www.salesforce.com/products/, has revolutionized the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Applications built on the Force.com platform, available at http://www.force.com/, can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's Force.com AppExchange marketplace available at http://www.salesforce.com/appexchange/.

As of July 31, 2008, salesforce.com manages customer information for approximately 47,700 customers including ABN AMRO, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, Sprint Nextel, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.

Copyright (c) 2008 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com salesforce.com

CONTACT: Investors, David Havlek, +1-415-536-2171,
dhavlek@salesforce.com, or Public Relations, Gordon Evans, +1-415-536-7608,
gevans@salesforce.com, both of salesforce.com

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

TiVo to Present at the Kaufman Bros. 11th Annual Investor Conference

ALVISO, Calif., Aug. 28 /PRNewswire-FirstCall/ -- TiVo Inc. , the creator of and a leader in television services for digital video recorders (DVRs), today announced that it will present at the Kaufman Bros. 11th Annual Investor Conference on September 3rd. The webcast of the presentation will be available on the Investor Relations section of the TiVo website at http://investor.tivo.com/ under the events calendar tab.

Conference Details: Kaufman Bros. 11th Annual Investor Conference New York, NY Wednesday, September 3, 2008 1:00 PM ET Tom Rogers, CEO and President About TiVo Inc.

Founded in 1997, TiVo pioneered a brand new category of products with the development of the first commercially available digital video recorder (DVR). Sold through leading consumer electronic retailers and our website, TiVo has developed a brand which resonates boldly with consumers as providing a superior television experience. Through agreements with leading satellite and cable providers, TiVo also integrates its DVR service features into the set-top boxes of mass distributors. TiVo's DVR functionality and ease of use, with such features as Season Pass(TM) recordings and WishList(R) searches and TiVo KidZone, have elevated its popularity among consumers and have created a whole new way for viewers to watch television. With a continued investment in its patented technologies, TiVo is revolutionizing the way consumers watch and access home entertainment. Rapidly becoming the focal point of the digital living room, TiVo's DVR is at the center of experiencing new forms of content on the TV, such as broadband delivered video, music and photos. With innovative features, such as TiVoToGo(TM) transfers and online scheduling, TiVo is expanding the notion of consumers experiencing "TiVo, TV your way. (R)" The TiVo(R) service is also at the forefront of providing innovative marketing solutions for the television industry, including a unique platform for advertisers and audience research measurement.

TiVo, 'TiVo, TV your way.', Season Pass, WishList, TiVoToGo, Stop||Watch, Power||Watch, and the TiVo Logo are trademarks or registered trademarks of TiVo Inc. or its subsidiaries worldwide. (C) 2008 TiVo Inc. All rights reserved. All other trademarks are the property of their respective owners.

TiVo Inc.

CONTACT: Investor Relations, Derrick Nueman of TiVo Inc.,
+1-408-519-9677, ir@tivo.com; or Media Relations, Michael Boccio of Sloane &
Company, +1-212-446-1867, mboccio@sloanepr.com, for TiVo Inc.

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

SGI Achieves 25 Percent Bookings Growth Year-Over-YearSGI Reports Fourth Quarter and Fiscal Year 2008 Results

SUNNYVALE, Calif., Aug. 28 /PRNewswire-FirstCall/ -- SGI today announced financial results for the fourth quarter and fiscal year 2008 ended June 27, 2008. The Company achieved its stated objectives for the fiscal year of strong growth in bookings, a strengthened leadership team, an array of new products and services, and penetration into new customer accounts.

Fiscal Year 2008 Highlights In fiscal 2008, SGI: * Grew bookings 25 percent year-over-year to $356 million through a mix of high performance compute, storage and visualization solutions and services. * Saw backlog more than double year-over-year, putting the Company in a stronger position heading into fiscal 2009 with beginning backlog of $147 million compared to $66 million at the end of the prior year. * Strengthened its leadership team with the appointment of key executives including Barb Stinnett to lead the global services organization; Irene Qualters to head the software and storage organization; Douglas Britt to direct worldwide sales; Bob Pette to form a new group focused on leveraging the Company's extensive intellectual property to deliver visualization solutions; and Shahin Khan to drive marketing. * Launched and shipped new products and services including: SGI(R) Altix(R) ICE, an ultra-dense blade platform that began shipping in volume in the first quarter of the fiscal year; SGI(R) Virtu VN200 to power the performance visualization needs of HPC and business users; SGI(R) InfiniteStorage 4600, a new flagship RAID product; the SGI(R) InfiniteStorage NEXIS NAS family of high-performance storage systems; Solutions Support Plus, a new multi-vendor support service; and new cluster nodes and processors aimed at increasing the performance of SGI(R) Altix(R) XE clusters and SGI Altix systems. * Accelerated its Industrial Strength Linux(R) Environment software strategy by acquiring key IP assets formerly owned by Linux Networx. * Delivered and gained acceptance on several significant orders including: a major online trading community, multiple Hollywood and international film and television production companies, the National Basketball Association, Chrysler, Honda Racing, Sikorsky Aircraft, Total Exploration and Production, GENCI (Grand Equipement National de Calcul Intensif), North German Supercomputing Alliance (HLRN), New Mexico Computing Applications Center, NASA, Merck, and Sanofi-Aventis.

"We're very encouraged by the progress we've made over the past fiscal year," said SGI CEO Robert "Bo" Ewald. "We've achieved significant bookings and backlog growth which positions us well as we enter fiscal 2009 to execute on the second year of our three-year plan to achieve a profitable operating structure. With our new products and services, we've seen acceptance of our solutions across all targeted technical and commercial environments."

Fiscal 2008 and Fourth Quarter GAAP Results

Revenue for the fourth quarter was $93.9 million, compared to $79.1 million in the third quarter and $122.3 million in the fourth quarter of the prior year, representing an increase of 19 percent and a decline of 23 percent, respectively. Revenue for fiscal 2008 was $354.1 million, a decline of 24 percent from the prior fiscal year.

The fiscal 2008 operating loss was $127.2 million, compared to a loss of $101.2 million for the prior fiscal year. The fourth quarter operating loss was $28.6 million, compared to $40.6 million in the third quarter and $24.8 million in the fourth quarter of the prior year. Operating expenses for fiscal 2008 were $230.7 million, a decrease of $4.6 million, or 2 percent year-over-year. Operating expenses were $58.1 million for the fourth quarter of fiscal 2008, compared to $59.2 million for the third quarter and $56.9 million in the fourth quarter of the prior year.

For purposes of comparison, fiscal year 2007 figures comprise three months of results, ended September 29, 2006, for the Company existing before the Company's reorganization and emergence, and 9 months of results, ended June 29, 2007, for the Company existing after the reorganization.

Pro Forma Results

Pro forma results comprise non-GAAP financial measures that facilitate comparison of the Company's results of operations in previous fiscal years. Pro forma revenue was $121.5 million in the fourth quarter of fiscal 2008, compared to $80.9 million in the third quarter of fiscal 2008. Pro forma revenue excludes the impact of fresh start accounting and the deferral of the Company's recognition of revenues for certain of the Company's transactions where software is more than incidental to the overall solution. Pro forma gross margin for the fourth quarter of fiscal 2008, which is adjusted for similar items and also for amortization of intangibles and stock-based compensation, was 37 percent, compared with 27 percent in the third quarter of fiscal 2008. Pro forma operating expenses, which exclude restructuring, stock- based compensation expense, amortization of intangibles, the non-cash impact of Linux Networx asset acquisition, and the impact of fresh start accounting, were $53.2 million in the fourth quarter of fiscal 2008 and $52.7 million in the third quarter of fiscal 2008. Adjusted pro forma earnings before interest, taxes, depreciation, amortization, and restructuring (EBITDAR) for the fourth quarter of fiscal 2008 was a loss of $3.0 million, compared with a loss of $25.7 million for the third quarter of fiscal 2008.

"We are pleased with bookings performance year-over-year as a leading indicator of the market's acceptance of our solutions," said Kathy Lanterman, SGI's Chief Financial Officer. "Our fiscal 2008 financial goals were to generate double-digit bookings growth, stabilize revenue and manage cash and expenses. We largely achieved these goals, particularly through the growth in our core products bookings, although the timing of customer acceptances did impact revenue for the year."

Ewald added that new server, storage and visualization products helped drive bookings growth by giving SGI the winning edge in several competitive sales situations, including a contract to supply NASA with its next major supercomputer. "These new products have allowed us to capture some of the world's most coveted HPC wins, while placing us in new accounts like a major online trading community," said Ewald. "Developments like these give us great confidence about the validity of our strategy and direction."

In this press release, SGI uses certain financial measures, including the "pro forma" financial measures, bookings and backlog that are not determined in accordance with generally accepted accounting principles (GAAP) in the United States. Bookings, also referred to as orders, reflect authorized orders for SGI products and professional services accepted in the period that are expected to ship in the next twelve months. Backlog is the cumulative bookings for which the Company has not yet recognized revenue. Management believes that these non-GAAP financial measures, bookings and backlog, are useful to investors because they facilitate period to period comparisons of SGI performance and because they help investors view the Company's results of operations through the eyes of management and the Company's lenders. SGI credit line covenants, management reporting and incentive plans are measured against certain of these non-GAAP financial measures.

A reconciliation of the non-GAAP financial measures used in this press release to the Company's GAAP results of operations, including an illustration of the impact of the Company's fresh start accounting and the impact of the implementation of Statement of Accounting Position 97-2, "Software Revenue Recognition" (SOP 97-2) is attached to this press release and is also available at http://www.sgi.com/company_info/investors.

Anthony Grillo Named Chairman of SGI Board of Directors

As it embarks on the second phase of its growth strategy, SGI also announced today that Anthony Grillo has been named the Chairman of its Board of Directors. Grillo has served on the SGI Board of Directors since October of 2006.

"I look forward to continuing to work closely with management and my fellow Board members," said Grillo, who is founder and CEO of American Securities Advisors, LLC.

The company also announced that Kevin Katari and Chun Won Yi have resigned from its Board of Directors. Both have been members of the Board since October of 2006, with Katari serving as Chairman since joining the Board.

"I am pleased to have worked with the Company during this transition, and I have confidence in Bo and Tony in leading SGI forward," said Katari.

Yi added, "I have enjoyed being on the Board and assisting SGI since its successful reorganization, and the Company continues to have my full support."

"I would like to express SGI's appreciation and thanks to both Kevin and Chun," said SGI CEO Bo Ewald. "They have worked closely with the Company and we look forward to continuing our relationship with them as significant investors."

Conference Call

SGI will conduct a conference call today at 2 p.m. Pacific Daylight Time (PDT) to provide additional details. The webcast and presentation materials are available at http://www.sgi.com/company_info/investors/webcast.html. The conference call can be accessed by dialing (877) 495-0297, or (706) 643-9931 for participants outside of North America, conference ID: 59920311. An audio replay of this call will be available after 5 p.m. PDT today at (800) 642-1687 or (706) 645-9291 (passcode: 59920311) and will be available until September 4, 2008. All links to the archived webcast, presentation materials and audio replay are available through the SGI web site at http://www.sgi.com/company_info/investors/.

Additional Resources:

* National Basketball Association (press release April 14, 2008) http://www.sgi.com/company_info/newsroom/press_releases/2008/april/nba.html

* "Supporting Honda's Environmental Approach to Formula One" article

in SGI Magazine http://www.sgi.com/subscribe/sgi_magazine/08_june/08SupportingHonda.html

* Total Exploration Production (press announcement June 15, 2008) http://www.sgi.com/company_info/newsroom/press_releases/2008/june/top10.html

* GENCI (Grand Equipement National de Calcul Intensif) (press release

June 17, 2008) http://www.sgi.com/company_info/newsroom/press_releases/2008/june/genci.html

* North German Supercomputing Alliance (HLRN) (press release July 3,

2008) http://www.sgi.com/company_info/newsroom/press_releases/2008/july/hlrn.html

* New Mexico Computing Applications Center (press release January 28,

2008) http://www.sgi.com/company_info/newsroom/press_releases/2008/january/nmcac.html

* NASA (press release May 6, 2008) http://www.sgi.com/company_info/newsroom/press_releases/2008/may/nasa.html

SGI - Innovation for Results(TM)

SGI is a leader in high-performance computing. SGI delivers a complete range of high-performance server and storage solutions along with industry-leading professional services and support that enable its customers to overcome the challenges of complex data-intensive workflows and accelerate breakthrough discoveries, innovation and information transformation. SGI solutions help customers solve their computing challenges whether it's enhancing the quality of life through drug research, designing and manufacturing safer and more efficient cars and airplanes, studying global climate, providing technologies for homeland security and defense, or helping enterprises manage large data. With offices worldwide, the company is headquartered in Sunnyvale, California, and can be found on the Web at http://www.sgi.com/.

(C) 2008 SGI. All rights reserved. SGI, the SGI cube, Altix, and the SGI logo are registered trademarks and CXFS and Virtu are trademarks of SGI in the United States and/or other countries worldwide. All other trademarks mentioned herein are the property of their respective owners.

This press release contains forward-looking statements, including statements relating to continued execution of the SGI's strategic plan and market acceptance of SGI's solutions, that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth herein, including the risks and uncertainties discussed under the caption "Risk Factors" and elsewhere in SGI's Form 10-K or Form 10-Q most recently filed with the Securities and Exchange Commission. These forward- looking statements speak only as of the date hereof. SGI disclaims any intent or obligation to update these forward-looking statements.

MEDIA CONTACT Marla Robinson marlar@sgi.com 256.773.2371 SGI PR HOTLINE 650.933.7777 SGI PR FACSIMILE 650.933.0714 Calculation of Non-GAAP Revenue by Reporting Segment Successor Company Three Months Ended: 27-Jun-08 28-Mar-08 28-Dec-07 28-Sep-07 (in thousands) Core systems: Shared memory products (GAAP) $23,746 $15,031 $19,312 $21,318 Plus: Fresh-start accounting adjustments - 306 196 22 SOP 97-2 revenue deferrals (601) (1,949) 6,167 16,788 Non-GAAP shared memory products revenue 23,145 13,388 25,675 38,128 Cluster products (GAAP) 8,194 7,672 3,970 10,309 Plus: Fresh-start accounting adjustments - - - - SOP 97-2 revenue deferrals 16,735 1,603 6,157 4,099 Non-GAAP cluster products revenue 24,929 9,275 10,127 14,408 Storage products revenue (GAAP) 10,330 8,374 13,505 8,233 Plus: Fresh-start accounting adjustments - - - - SOP 97-2 revenue deferrals 4,203 203 2,303 3,377 Non-GAAP storage products revenue 14,533 8,577 15,808 11,610 Non-GAAP core systems revenue 62,607 31,240 51,610 64,146 Legacy systems: Server products (GAAP) 3,800 4,523 6,216 4,887 Plus: Fresh-start accounting adjustments - - - - SOP 97-2 revenue deferrals 2,439 (296) 1,223 516 Non-GAAP server products revenue 6,239 4,227 7,439 5,403 Storage products (GAAP) 246 332 410 849 Plus: Fresh-start accounting adjustments - - - - SOP 97-2 revenue deferrals 466 (52) (33) (92) Non-GAAP storage products revenue 712 280 377 757 Non-GAAP legacy systems revenue 6,951 4,507 7,816 6,160 Global services: Customer support (GAAP) 36,784 35,163 40,193 38,231 Plus: Fresh-start accounting adjustments 1,557 1,345 1,898 3,813 SOP 97-2 revenue deferrals 171 (316) (2,215) 77 Non-GAAP customer support revenue 38,512 36,192 39,876 42,121 Professional services (GAAP) 10,769 7,983 6,505 7,258 Plus: Fresh-start accounting adjustments - 395 - - SOP 97-2 revenue deferrals 2,622 554 3,333 1,048 Non-GAAP professional services revenue 13,391 8,932 9,838 8,306 Non-GAAP global services revenue 51,903 45,124 49,714 50,427 Non-GAAP revenue $121,461 $80,871 $109,140 $120,733 Successor Company Predecessor Company Three Months Ended: 29-Jun-07 30-Mar-07 29-Dec-06 29-Sep-06 (in thousands) Core systems: Shared memory products (GAAP) $43,526 $30,328 $39,237 $34,331 Plus: Fresh-start accounting adjustments 332 1,100 1,091 - SOP 97-2 revenue deferrals 4,955 4,834 3,912 2,304 Non-GAAP shared memory products revenue 48,813 36,262 44,240 36,635 Cluster products (GAAP) 4,400 2,364 1,717 583 Plus: Fresh-start accounting adjustments - - 18 - SOP 97-2 revenue deferrals 1,112 23 163 - Non-GAAP cluster products revenue 5,512 2,387 1,898 583 Storage products revenue (GAAP) 14,486 12,063 10,920 12,750 Plus: Fresh-start accounting adjustments 293 - 320 - SOP 97-2 revenue deferrals 5,392 2,676 3,834 1,584 Non-GAAP storage products revenue 20,171 14,739 15,074 14,334 Non-GAAP core systems revenue 74,496 53,388 61,212 51,552 Legacy systems: Server products (GAAP) 11,265 12,612 10,966 12,324 Plus: Fresh-start accounting adjustments - 37 1,588 - SOP 97-2 revenue deferrals 176 600 703 (504) Non-GAAP server products revenue 11,441 13,249 13,257 11,820 Storage products (GAAP) 581 1,204 842 618 Plus: Fresh-start accounting adjustments - - 364 - SOP 97-2 revenue deferrals 83 34 192 (76) Non-GAAP storage products revenue 664 1,238 1,398 542 Non-GAAP legacy systems revenue 12,105 14,487 14,655 12,362 Global services: Customer support (GAAP) 39,332 37,527 35,080 48,396 Plus: Fresh-start accounting adjustments 4,789 6,545 12,228 - SOP 97-2 revenue deferrals 677 159 231 144 Non-GAAP customer support revenue 44,798 44,231 47,539 48,540 Professional services (GAAP) 8,705 14,948 8,961 12,803 Plus: Fresh-start accounting adjustments 58 647 268 - SOP 97-2 revenue deferrals 1,331 2,066 1,509 1,702 Non-GAAP professional services revenue 10,094 17,661 10,738 14,505 Non-GAAP global services revenue 54,892 61,892 58,277 63,045 Non-GAAP revenue $141,493 $129,767 $134,144 $126,959 SILICON GRAPHICS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts, unaudited) Predecessor Successor Company Company Nine Three Year Months Months Three Months Ended Ended Ended Ended Jun. 27 Jun. 29, Jun. 27, Jun. 29, Sep. 29, 2008 2007 2008 2007 2006 Product and other revenue $39,909 $73,008 $150,103 $187,805 $45,229 Product revenue from related party(1) 6,407 1,250 21,154 8,706 15,377 Global services revenue 47,553 48,037 182,886 144,553 61,199 Total revenue 93,869 122,295 354,143 341,064 121,805 Costs and expenses: Cost of product and other revenue 32,743 61,114 137,411 162,362 42,710 Cost of global services revenue 31,608 29,034 113,253 91,446 32,265 Research and development (2) 14,308 14,870 58,588 44,040 16,007 Selling, general and administrative 43,179 41,697 171,050 125,320 42,359 Other operating expense, net 603 358 1,028 3,601 3,926 Total costs and expenses 122,441 147,073 481,330 426,769 137,267 Operating loss (28,572) (24,778) (127,187) (85,705) (15,462) Interest expense (1,691) (1,340) (6,312) (4,532) (7,688) Interest expense from related parties (1,602) (1,545) (6,893) (4,347) - Interest and other income (expense), net (3) (1,154) (1,728) (3,511) (355) 11,391 Loss before reorganization items and income taxes (33,019) (29,391) (143,903) (94,939) (11,759) Reorganization items, net - - - - 340,397 Income (loss) before income taxes (33,019) (29,391) (143,903) (94,939) 328,638 Income tax provision 2,134 7,537 9,352 8,703 2,382 Net income (loss) $(35,153) $(36,928) $(153,255) $(103,642) $326,256 Net income (loss) per share: Basic $(3.03) $(3.32) $(13.55) $(9.32) $1.20 Diluted $(3.03) $(3.32) $(13.55) $(9.32) $0.77 Weighted-average shares used to compute net income (loss) per share: Basic 11,585 11,125 11,307 11,125 271,563 Diluted 11,585 11,125 11,307 11,125 423,875 (1) Represents product sales to SGI Japan, a related party of which we owned a 10% interest at June 27, 2008 and at September 29, 2006. (2) Fiscal 2008 includes approximately $2 million of in-process research and development resulting from our acquisition of certain assets formerly owned by Linux Networx, Inc. (3) Fiscal 2008 includes a gain of approximately $4 million on the sale of our investment in MicroUnity Systems Engineering, Inc. and a write-down of approximately $6 million of our equity investment in SGI Japan to the estimated fair value of the investment, which was approximately $15 million at June 27, 2008. The three-month period ended September 29, 2006 includes a pre-tax gain of approximately $10 million on the sale of a portion of the Predecessor Company's investment in SGI Japan. SILICON GRAPHICS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) June 27, 2008 June 29, 2007 (Unaudited) ASSETS Current assets: Cash and cash equivalents $39,552 $69,887 Short-term marketable investments 258 223 Short-term restricted investments 4,292 6,763 Accounts receivable, net 53,816 47,643 Inventories 72,601 54,354 Prepaid expenses 7,772 6,153 Other current assets 51,720 49,576 Total current assets 230,011 234,599 Restricted investments 1,872 302 Property and equipment, net 40,917 43,392 Other intangibles, net 55,399 71,264 Other non-current assets, net 86,996 59,501 Total assets $415,195 $409,058 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $34,492 $14,387 Accrued compensation 28,878 35,382 Income taxes payable 2,798 2,209 Other current liabilities 38,502 44,420 Current portion of long-term debt 12,750 261 Current portion of deferred revenue 126,138 84,798 Current portion of restructuring liability 1,242 1,410 Total current liabilities 244,800 182,867 Long-term debt 119,750 85,000 Non-current portion of deferred revenue 70,524 32,362 Long-term income taxes payable 23,715 20,902 Other non-current liabilities 12,782 3,468 Total liabilities 471,571 324,599 Total stockholders' equity (deficit) (56,376) 84,459 Total liabilities and stockholders' equity $415,195 $409,058 Calculation of Non-GAAP Quarterly Backlog Successor Company Three Months Ended: 27-Jun-08 28-Mar-08 28-Dec-07 28-Sep-07 29-Jun-07 (in thousands) Total beginning backlog (GAAP) $202,146 $163,215 $112,847 $88,679 $117,751 Plus: Bookings 96,226 82,846 100,286 77,022 53,891 Products and professional services revenue (GAAP) (57,085) (43,915) (49,918) (52,854) (82,963) Total ending backlog (GAAP) $241,287 $202,146 $163,215 $112,847 $88,679 Total non-GAAP beginning backlog $133,746 $95,579 $64,557 $66,147 $108,951 Plus: Bookings 96,226 82,846 100,286 77,022 53,891 Non-GAAP products and professional services revenue (82,949) (44,679) (69,264) (78,612) (96,695) Total non-GAAP ending backlog $147,023 $133,746 $95,579 $64,557 $66,147 Calculation of Non-GAAP Quarterly Products Standard Profit Margin Successor Company Three Months Ended: 27-Jun-08 28-Mar-08 28-Dec-07 28-Sep-07 29-Jun-07 (in thousands) Total products revenue (GAAP) $46,316 $35,932 $43,413 $45,596 $74,258 Less: Other revenue (305) (1,015) (286) (395) (810) Plus: Fresh-start accounting adjustments - 306 196 22 625 SOP 97-2 revenue deferrals 23,242 (491) 15,817 24,688 11,718 Non-GAAP total products revenue 69,253 34,732 59,140 69,911 85,791 Products standard cost of revenue (GAAP) 23,575 20,549 24,919 28,163 48,084 Plus: Fresh-start accounting adjustments - (441) (2,521) (1,555) (5,144) SOP 97-2 revenue deferrals 14,290 (50) 9,913 18,092 7,966 Non-GAAP products standard cost of revenue 37,865 20,058 32,311 44,700 50,906 Products standard margin (GAAP) 22,436 14,368 18,208 17,038 25,364 Plus: Fresh-start accounting adjustments - 747 2,717 1,577 5,769 SOP 97-2 revenue deferrals 8,952 (441) 5,904 6,596 3,752 Non-GAAP products standard margin 31,388 14,674 26,829 25,211 34,885 Non-GAAP products standard margin 45.3% 42.2% 45.4% 36.1% 40.7% Calculation of Non-GAAP Quarterly Results of Operations and EBITDAR Successor Company Three Months Ended: 27-Jun-08 28-Mar-08 28-Dec-07 28-Sep-07 (in thousands) Total revenue (GAAP) $93,869 $79,078 $90,111 $91,085 Plus: Fresh-start accounting adjustments 1,557 2,046 2,094 3,835 SOP 97-2 revenue deferrals (1) 26,035 (253) 16,935 25,813 Non-GAAP total revenue 121,461 80,871 109,140 120,733 Cost of revenue (GAAP) 64,351 60,484 62,248 63,581 Plus: Fresh-start accounting adjustments (1,274) (1,492) (3,834) (2,762) SOP 97-2 revenue deferrals (1) 13,738 286 11,794 18,576 Depreciation & amortization - Linux Networx (130) (45) - - Stock-based compensation expense (90) (84) 8 (87) Non-GAAP cost of revenue 76,595 59,149 70,216 79,308 Research and development expense (GAAP) 14,308 16,520 14,464 13,296 Plus: Fresh-start accounting adjustments (169) (108) (12) 47 Depreciation & amortization - Linux Networx (226) (60) - - Write-off of in-process R&D - Linux Networx - (2,400) - - Stock-based compensation expense (317) (320) (253) (309) Non-GAAP research and development expense 13,596 13,632 14,199 13,034 Selling, general and administrative expenses (GAAP) 43,179 42,484 44,163 41,224 Plus: Fresh-start accounting adjustments (2,710) (2,545) (2,525) (2,076) Restructuring and bankruptcy related expenses - - - - Goodwill impairment - - - - Depreciation & amortization - Linux Networx (173) (118) - - Stock-based compensation expense (724) (705) (530) (718) Non-GAAP selling, general and administrative expenses 39,572 39,116 41,108 38,430 Other operating expenses (GAAP) 603 230 20 175 Plus: Restructuring and bankruptcy related expenses (603) (230) (20) (175) Non-GAAP other operating expenses - - - - Operating expenses (GAAP) 58,090 59,234 58,647 54,695 Plus: Fresh-start accounting adjustments (2,879) (2,653) (2,537) (2,029) Stock-based compensation expense (1,041) (1,025) (783) (1,027) Goodwill impairment - - - - Depreciation & amortization - Linux Networx (399) (178) - - Write-off of in-process R&D - Linux Networx - (2,400) - - Restructuring and bankruptcy related expenses (603) (230) (20) (175) Non-GAAP operating expenses 53,168 52,748 55,307 51,464 Operating income (loss) (GAAP) (28,572) (40,640) (30,784) (27,191) Plus: Fresh-start accounting adjustments 5,710 6,191 8,465 8,626 SOP 97-2 revenue deferrals (1) 12,297 (539) 5,141 7,237 Stock-based compensation expense 1,131 1,109 775 1,114 Goodwill impairment - - - - Depreciation & amortization - Linux Networx 529 223 - - Write-off of in-process R&D - Linux Networx - 2,400 - - Restructuring and bankruptcy related expenses 603 230 20 175 Non-GAAP operating income (loss) (2): (8,302) (31,026) (16,383) (10,039) Plus: Depreciation 5,306 5,375 5,414 6,224 EBITDAR (2,996) (25,651) (10,969) (3,815) Successor Company Three Months Ended: 29-Jun-07 30-Mar-07 29-Dec-06 (in thousands) Total revenue (GAAP) $122,295 $111,046 $107,723 Plus: Fresh-start accounting adjustments 5,472 8,329 15,877 SOP 97-2 revenue deferrals (1) 13,726 10,392 10,544 Non-GAAP total revenue 141,493 129,767 134,144 Cost of revenue (GAAP) 90,148 74,355 89,305 Plus: Fresh-start accounting adjustments (6,644) (4,703) (12,549) SOP 97-2 revenue deferrals (1) 8,213 3,574 6,293 Depreciation & amortization - Linux Networx - - - Stock-based compensation expense (57) (45) (12) Non-GAAP cost of revenue 91,660 73,181 83,037 Research and development expense (GAAP) 14,870 14,186 14,984 Plus: Fresh-start accounting adjustments 65 52 (348) Depreciation & amortization - Linux Networx - - - Write-off of in-process R&D - Linux Networx - - - Stock-based compensation expense (257) (200) (58) Non-GAAP research and development expense 14,678 14,038 14,578 Selling, general and administrative expenses (GAAP) 41,697 42,017 41,606 Plus: Fresh-start accounting adjustments (2,580) (2,587) (2,635) Restructuring and bankruptcy related expenses - - - Goodwill impairment - - - Depreciation & amortization - Linux Networx - - - Stock-based compensation expense (581) (949) (54) Non-GAAP selling, general and administrative expenses 38,536 38,481 38,917 Other operating expenses (GAAP) 358 358 2,885 Plus: Restructuring and bankruptcy related expenses (358) (358) (2,885) Non-GAAP other operating expenses - - - Operating expenses (GAAP) 56,925 56,561 59,475 Plus: Fresh-start accounting adjustments (2,515) (2,535) (2,983) Stock-based compensation expense (838) (1,149) (112) Goodwill impairment - - - Depreciation & amortization - Linux Networx - - - Write-off of in-process R&D - Linux Networx - - - Restructuring and bankruptcy related expenses (358) (358) (2,885) Non-GAAP operating expenses 53,214 52,519 53,495 Operating income (loss) (GAAP) (24,778) (19,870) (41,057) Plus: Fresh-start accounting adjustments 14,631 15,567 31,409 SOP 97-2 revenue deferrals (1) 5,513 6,818 4,251 Stock-based compensation expense 895 1,194 124 Goodwill impairment - - - Depreciation & amortization - Linux Networx - - - Write-off of in-process R&D - Linux Networx - - - Restructuring and bankruptcy related expenses 358 358 2,885 Non-GAAP operating income (loss) (2): (3,381) 4,067 (2,388) Plus: Depreciation 6,169 6,128 6,552 EBITDAR 2,788 10,195 4,164 Predecessor Company Three Months Ended: 29-Sep-06 30-Jun-06 31-Mar-06 30-Dec-05 30-Sep-05 (in thousands) Total revenue (GAAP) $121,805 $115,708 $105,562 $136,796 $160,739 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 5,154 13,476 2,112 7,597 8,938 Non-GAAP total revenue 126,959 129,184 107,674 144,393 169,677 Cost of revenue (GAAP) 74,975 70,532 68,227 80,952 100,722 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 2,795 4,675 1,334 3,366 4,810 Depreciation & amortization - Linux Networx - - - - - Stock-based compensation expense 7 22 (53) (71) (228) Non-GAAP cost of revenue 77,777 75,229 69,508 84,247 105,304 Research and development expense (GAAP) 16,007 18,220 20,838 21,254 23,365 Plus: Fresh-start accounting adjustments - - - - - Depreciation & amortization - Linux Networx - - - - - Write-off of in- process R&D - Linux Networx - - - - - Stock-based compensation expense 5 32 (112) (231) (300) Non-GAAP research and development expense 16,012 18,252 20,726 21,023 23,065 Selling, general and administrative expenses (GAAP) 42,359 42,903 59,722 57,627 59,865 Plus: Fresh-start accounting adjustments - - - - - Restructuring and bankruptcy related expenses - - (3,452) (6,413) (2,082) Goodwill impairment - - (8,386) - - Depreciation & amortization - Linux Networx - - - - - Stock-based compensation expense (134) (64) (344) (381) (455) Non-GAAP selling, general and administrative expenses 42,225 42,839 47,540 50,833 57,328 Other operating expenses (GAAP) 3,926 (7,694) 11,550 10,114 7,185 Plus: Restructuring and bankruptcy related expenses (3,926) 7,694 (11,550) (10,114) (7,185) Non-GAAP other operating expenses - - - - - Operating expenses (GAAP) 62,292 53,429 92,110 88,995 90,415 Plus: Fresh-start accounting adjustments - - - - - Stock-based compensation expense (129) (32) (456) (612) (755) Goodwill impairment - - (8,386) - - Depreciation & amortization - Linux Networx - - - - - Write-off of in- process R&D - Linux Networx - - - - - Restructuring and bankruptcy related expenses (3,926) 7,694 (15,002) (16,527) (9,267) Non-GAAP operating expenses 58,237 61,091 68,266 71,856 80,393 Operating income (loss) (GAAP) (15,462) (8,253) (54,775) (33,151) (30,398) Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 2,359 8,801 778 4,231 4,128 Stock-based compensation expense 122 10 509 683 983 Goodwill impairment - - 8,386 - - Depreciation & amortization - Linux Networx - - - - - Write-off of in- process R&D - Linux Networx - - - - - Restructuring and bankruptcy related expenses 3,926 (7,694) 15,002 16,527 9,267 Non-GAAP operating income (loss) (2): (9,055) (7,136) (30,100) (11,710) (16,020) Plus: Depreciation 6,467 10,003 10,898 11,959 13,379 EBITDAR (2,588) 2,867 (19,202) 249 (2,641) Three Months Ended: FY2008 FY2007 FY2006 (in thousands) Total revenue (GAAP) $354,143 $462,869 $518,805 Plus: Fresh-start accounting adjustments 9,532 29,678 - SOP 97-2 revenue deferrals (1) 68,530 39,816 32,123 Non-GAAP total revenue 432,205 532,363 550,928 Cost of revenue (GAAP) 250,664 328,783 320,433 Plus: Fresh-start accounting adjustments (9,362) (23,896) - SOP 97-2 revenue deferrals (1) 44,394 20,875 14,185 Depreciation & amortization - Linux Networx (175) - - Stock-based compensation expense (253) (107) (330) Non-GAAP cost of revenue 285,268 325,655 334,288 Research and development expense (GAAP) 58,588 60,047 83,677 Plus: Fresh-start accounting adjustments (242) (231) - Depreciation & amortization - Linux Networx (286) - - Write-off of in-process R&D - Linux Networx (2,400) - - Stock-based compensation expense (1,199) (510) (611) Non-GAAP research and development expense 54,461 59,306 83,066 Selling, general and administrative expenses (GAAP) 171,050 167,679 220,117 Plus: Fresh-start accounting adjustments (9,856) (7,802) - Restructuring and bankruptcy related expenses - - (11,947) Goodwill impairment - - (8,386) Depreciation & amortization - Linux Networx (291) - - Stock-based compensation expense (2,677) (1,718) (1,244) Non-GAAP selling, general and administrative expenses 158,226 158,159 198,540 Other operating expenses (GAAP) 1,028 7,527 21,155 Plus: Restructuring and bankruptcy related expenses (1,028) (7,527) (21,155) Non-GAAP other operating expenses - - - Operating expenses (GAAP) 230,666 235,253 324,949 Plus: Fresh-start accounting adjustments (10,098) (8,033) - Stock-based compensation expense (3,876) (2,228) (1,855) Goodwill impairment - - (8,386) Depreciation & amortization - Linux Networx (577) - - Write-off of in-process R&D - Linux Networx (2,400) - - Restructuring and bankruptcy related expenses (1,028) (7,527) (33,102) Non-GAAP operating expenses 212,687 217,465 281,606 Operating income (loss) (GAAP) (127,187) (101,167) (126,577) Plus: Fresh-start accounting adjustments 28,992 61,607 - SOP 97-2 revenue deferrals (1) 24,136 18,941 17,938 Stock-based compensation expense 4,129 2,335 2,185 Goodwill impairment - - 8,386 Depreciation & amortization - Linux Networx 752 - - Write-off of in-process R&D - Linux Networx 2,400 - - Restructuring and bankruptcy related expenses 1,028 7,527 33,102 Non-GAAP operating income (loss) (2): (65,750) (10,757) (64,966) Plus: Depreciation 22,319 25,316 46,239 EBITDAR (43,431) 14,559 (18,727) Calculation of Non-GAAP Revenues by Reporting Segment(1) Successor Company Three Months Ended: 27-Jun-08 28-Mar-08 28-Dec-07 28-Sep-07 (in thousands) Core systems: Server products (GAAP) $31,940 $22,703 $23,282 $31,627 Plus: Fresh-start accounting adjustments - 306 196 22 SOP 97-2 revenue deferrals (2) 16,134 (346) 12,324 20,887 Non-GAAP server products revenue $48,074 22,663 35,802 52,536 Storage products revenue (GAAP) 10,330 8,374 13,505 8,233 Plus: Fresh-start accounting adjustments - - - - SOP 97-2 revenue deferrals (2) 4,203 203 2,303 3,377 Non-GAAP storage products revenue 14,533 8,577 15,808 11,610 Non-GAAP core systems revenue 62,607 31,240 51,610 64,146 Legacy systems: Legacy systems (GAAP) 4,046 4,855 6,626 5,736 Plus: Fresh-start accounting adjustments - - - - SOP 97-2 revenue deferrals (2) 2,905 (348) 1,190 424 Non-GAAP legacy systems revenue 6,951 4,507 7,816 6,160 Non-GAAP products revenue 69,558 35,747 59,426 70,306 Global services: Customer support (GAAP) 36,784 35,163 40,193 38,231 Plus: Fresh-start accounting adjustments 1,557 1,345 1,898 3,813 SOP 97-2 revenue deferrals (2) 171 (316) (2,215) 77 Non-GAAP customer support revenue 38,512 36,192 39,876 42,121 Professional services (GAAP) 10,769 7,983 6,505 7,258 Plus: Fresh-start accounting adjustments - 395 - - SOP 97-2 revenue deferrals (2) 2,622 554 3,333 1,048 Non-GAAP professional services revenue 13,391 8,932 9,838 8,306 Non-GAAP global services revenue 51,903 45,124 49,714 50,427 Non-GAAP revenue $121,461 $80,871 $109,140 $120,733 Successor Company Three Months Ended: 29-Jun-07 30-Mar-07 29-Dec-06 (in thousands) Core systems: Server products (GAAP) $47,926 $32,692 $40,954 Plus: Fresh-start accounting adjustments 332 1,100 1,109 SOP 97-2 revenue deferrals (2) 6,067 4,857 4,075 Non-GAAP server products revenue 54,325 38,649 46,138 Storage products revenue (GAAP) 14,486 12,063 10,920 Plus: Fresh-start accounting adjustments 293 - 320 SOP 97-2 revenue deferrals (2) 5,392 2,676 3,834 Non-GAAP storage products revenue 20,171 14,739 15,074 Non-GAAP core systems revenue 74,496 53,388 61,212 Legacy systems: Legacy systems (GAAP) 11,846 13,816 11,808 Plus: Fresh-start accounting adjustments - 37 1,952 SOP 97-2 revenue deferrals (2) 259 634 895 Non-GAAP legacy systems revenue 12,105 14,487 14,655 Non-GAAP products revenue 86,601 67,875 75,867 Global services: Customer support (GAAP) 39,332 37,527 35,080 Plus: Fresh-start accounting adjustments 4,789 6,545 12,228 SOP 97-2 revenue deferrals (2) 677 159 231 Non-GAAP customer support revenue 44,798 44,231 47,539 Professional services (GAAP) 8,705 14,948 8,961 Plus: Fresh-start accounting adjustments 58 647 268 SOP 97-2 revenue deferrals (2) 1,331 2,066 1,509 Non-GAAP professional services revenue 10,094 17,661 10,738 Non-GAAP global services revenue 54,892 61,892 58,277 Non-GAAP revenue $141,493 $129,767 $134,144 Predecessor Company Three Months Ended: 29-Sep-06 30-Jun-06 31-Mar-06 30-Dec-05 30-Sep-05 (in thousands) Core systems: Server products (GAAP) $34,914 $21,168 $20,484 $28,182 $53,993 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (2) 2,304 3,895 30 2,485 2,524 Non-GAAP server products revenue 37,218 25,063 20,514 30,667 56,517 Storage products revenue (GAAP) 12,750 13,134 11,798 11,185 13,816 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (2) 1,584 1,288 854 2,070 2,766 Non-GAAP storage products revenue 14,334 14,422 12,652 13,255 16,582 Non-GAAP core systems revenue 51,552 39,485 33,166 43,922 73,099 Legacy systems: Legacy systems (GAAP) 12,942 14,701 13,810 27,095 22,729 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (2) (580) 7,169 1,338 2,933 2,940 Non-GAAP legacy systems revenue 12,362 21,870 15,148 30,028 25,669 Non-GAAP products revenue 63,914 61,355 48,314 73,950 98,768 Global services: Customer support (GAAP) 48,396 49,552 52,053 55,304 57,174 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (2) 144 1,299 (190) (317) 97 Non-GAAP customer support revenue 48,540 50,851 51,863 54,987 57,271 Professional services (GAAP) 12,803 17,153 7,417 15,030 13,027 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (2) 1,702 (175) 80 426 611 Non-GAAP professional services revenue 14,505 16,978 7,497 15,456 13,638 Non-GAAP global services revenue 63,045 67,829 59,360 70,443 70,909 Non-GAAP revenue $126,959 $129,184 $107,674 $144,393 $169,677 Three Months Ended: FY2008 FY2007 FY2006 (in thousands) Core systems: Server products (GAAP) $109,552 $156,486 $123,827 Plus: Fresh-start accounting adjustments 524 2,541 - SOP 97-2 revenue deferrals (2) 48,999 17,303 8,934 Non-GAAP server products revenue 159,075 176,330 132,761 Storage products revenue (GAAP) 40,442 50,219 49,933 Plus: Fresh-start accounting adjustments - 613 - SOP 97-2 revenue deferrals (2) 10,086 13,486 6,978 Non-GAAP storage products revenue 50,528 64,318 56,911 Non-GAAP core systems revenue 209,603 240,648 189,672 Legacy systems: Legacy systems (GAAP) 21,263 50,412 78,335 Plus: Fresh-start accounting adjustments - 1,989 - SOP 97-2 revenue deferrals (2) 4,171 1,208 14,380 Non-GAAP legacy systems revenue 25,434 53,609 92,715 Non-GAAP products revenue 235,037 294,257 282,387 Global services: Customer support (GAAP) 150,371 160,335 214,083 Plus: Fresh-start accounting adjustments 8,613 23,562 - SOP 97-2 revenue deferrals (2) (2,283) 1,211 889 Non-GAAP customer support revenue 156,701 185,108 214,972 Professional services (GAAP) 32,515 45,417 52,627 Plus: Fresh-start accounting adjustments 395 973 - SOP 97-2 revenue deferrals (2) 7,557 6,608 942 Non-GAAP professional services revenue 40,467 52,998 53,569 Non-GAAP global services revenue 197,168 238,106 268,541 Non-GAAP revenue $432,205 $532,363 $550,928 (1) For each of the periods indicated, non-GAAP core systems revenue is obtained by adding non-GAAP server products revenue and non-GAAP storage products revenue, non-GAAP products revenue is obtained by adding non-GAAP core systems revenue and non-GAAP legacy systems revenue, non-GAAP global services revenue is obtained by adding non- GAAP customer support revenue and non-GAAP professional services revenue and non-GAAP revenue is obtained by adding non-GAAP products revenue and non-GAAP global services revenue. This table includes a reconciliation of each listed component to the comparable GAAP figures. (2) The non-GAAP adjustments for SOP 97-2 are indicative of the revenue results the company would have recorded without the effect of SOP 97-2, although these are unaudited adjustments. We believe that this presentation more closely matches the results that would have been recorded had SAB 104 been applied, in which case the revenue for the hardware components of the arrangement would have been recorded when those deliverables were completed, and the primary remaining deliverable is customer support. Generally, this presentation matches the timing of billings to customers for the hardware deliverables, and therefore allows more transparency to cashflows. Successor Company Three Months Ended: 27-Jun-08 28-Mar-08 28-Dec-07 28-Sep-07 (in thousands) Products revenue (GAAP) $46,316 $35,932 $43,413 $45,596 Plus: Fresh-start accounting adjustments - 306 196 22 SOP 97-2 revenue deferrals (1) 23,242 (491) 15,817 24,688 Non-GAAP products revenue 69,558 35,747 59,426 70,306 Global services revenue (GAAP) 47,553 43,146 46,698 45,489 Plus: Fresh-start accounting adjustments 1,557 1,740 1,898 3,813 SOP 97-2 revenue deferrals (1) 2,793 238 1,118 1,125 Non-GAAP global services revenue 51,903 45,124 49,714 50,427 Total revenue (GAAP) 93,869 79,078 90,111 91,085 Plus: Fresh-start accounting adjustments 1,557 2,046 2,094 3,835 SOP 97-2 revenue deferrals (1) 26,035 (253) 16,935 25,813 Non-GAAP total revenue 121,461 80,871 109,140 120,733 Products cost of revenue (GAAP) 32,743 32,038 34,938 37,692 Plus: Fresh-start accounting adjustments (1,196) (1,588) (3,789) (2,718) SOP 97-2 revenue deferrals (1) 14,290 (50) 9,913 18,092 Depreciation & amortization - Linux Networx (50) (24) - - Stock-based compensation expense (38) (39) (34) (27) Non-GAAP products cost of revenue 45,749 30,337 41,028 53,039 Global services cost of revenue (GAAP) 31,608 28,446 27,310 25,889 Plus: Fresh-start accounting adjustments (78) 96 (45) (44) SOP 97-2 revenue deferrals (1) (552) 336 1,881 484 Depreciation & amortization - Linux Networx (80) (21) - - Stock-based compensation expense (52) (45) 42 (60) Non-GAAP global services cost of revenue 30,846 28,812 29,188 26,269 Cost of revenue (GAAP) 64,351 60,484 62,248 63,581 Plus: Fresh-start accounting adjustments (1,274) (1,492) (3,834) (2,762) SOP 97-2 revenue deferrals (1) 13,738 286 11,794 18,576 Depreciation & amortization - Linux Networx (130) (45) - - Stock-based compensation expense (90) (84) 8 (87) Non-GAAP cost of revenue 76,595 59,149 70,216 79,308 Products gross profit (GAAP) 13,573 3,894 8,475 7,904 Plus: Fresh-start accounting adjustments 1,196 1,894 3,985 2,740 SOP 97-2 revenue deferrals (1) 8,952 (441) 5,904 6,596 Depreciation & amortization - Linux Networx 50 24 - - Stock-based compensation expense 38 39 34 27 Non-GAAP products gross profit 23,809 5,410 18,398 17,267 Non-GAAP products gross profit margin 34.2% 15.1% 31.0% 24.6% Global services gross profit (GAAP) 15,945 14,700 19,388 19,600 Plus: Fresh-start accounting adjustments 1,635 1,644 1,943 3,857 SOP 97-2 revenue deferrals (1) 3,345 (98) (763) 641 Depreciation & amortization - Linux Networx 80 21 - - Stock-based compensation expense 52 45 (42) 60 Non-GAAP global services gross profit 21,057 16,312 20,526 24,158 Non-GAAP global services gross profit margin 40.6% 36.1% 41.3% 47.9% Gross profit (GAAP) 29,518 18,594 27,863 27,504 Plus: Fresh-start accounting adjustments 2,831 3,538 5,928 6,597 SOP 97-2 revenue deferrals (1) 12,297 (539) 5,141 7,237 Depreciation & amortization - Linux Networx 130 45 - - Stock-based compensation expense 90 84 (8) 87 Non-GAAP gross profit 44,866 21,722 38,924 41,425 Non-GAAP gross profit margin 36.9% 26.9% 35.7% 34.3% Successor Company Three Months Ended: 29-Jun-07 30-Mar-07 29-Dec-06 (in thousands) Products revenue (GAAP) $74,258 $58,571 $63,682 Plus: Fresh-start accounting adjustments 625 1,137 3,381 SOP 97-2 revenue deferrals (1) 11,718 8,167 8,804 Non-GAAP products revenue 86,601 67,875 75,867 Global services revenue (GAAP) 48,037 52,475 44,041 Plus: Fresh-start accounting adjustments 4,847 7,192 12,496 SOP 97-2 revenue deferrals (1) 2,008 2,225 1,740 Non-GAAP global services revenue 54,892 61,892 58,277 Total revenue (GAAP) 122,295 111,046 107,723 Plus: Fresh-start accounting adjustments 5,472 8,329 15,877 SOP 97-2 revenue deferrals (1) 13,726 10,392 10,544 Non-GAAP total revenue 141,493 129,767 134,144 Products cost of revenue (GAAP) 61,114 41,330 59,918 Plus: Fresh-start accounting adjustments (6,814) (5,329) (12,875) SOP 97-2 revenue deferrals (1) 7,966 2,454 5,318 Depreciation & amortization - Linux Networx - - - Stock-based compensation expense (24) (21) (6) Non-GAAP products cost of revenue 62,242 38,434 52,355 Global services cost of revenue (GAAP) 29,034 33,025 29,387 Plus: Fresh-start accounting adjustments 170 626 326 SOP 97-2 revenue deferrals (1) 247 1,120 975 Depreciation & amortization - Linux Networx - - - Stock-based compensation expense (33) (24) (6) Non-GAAP global services cost of revenue 29,418 34,747 30,682 Cost of revenue (GAAP) 90,148 74,355 89,305 Plus: Fresh-start accounting adjustments (6,644) (4,703) (12,549) SOP 97-2 revenue deferrals (1) 8,213 3,574 6,293 Depreciation & amortization - Linux Networx - - - Stock-based compensation expense (57) (45) (12) Non-GAAP cost of revenue 91,660 73,181 83,037 Products gross profit (GAAP) 13,144 17,241 3,764 Plus: Fresh-start accounting adjustments 7,439 6,466 16,256 SOP 97-2 revenue deferrals (1) 3,752 5,713 3,486 Depreciation & amortization - Linux Networx - - - Stock-based compensation expense 24 21 6 Non-GAAP products gross profit 24,359 29,441 23,512 Non-GAAP products gross profit margin 28.1% 43.4% 31.0% Global services gross profit (GAAP) 19,003 19,450 14,654 Plus: Fresh-start accounting adjustments 4,677 6,566 12,170 SOP 97-2 revenue deferrals (1) 1,761 1,105 765 Depreciation & amortization - Linux Networx - - - Stock-based compensation expense 33 24 6 Non-GAAP global services gross profit 25,474 27,145 27,595 Non-GAAP global services gross profit margin 46.4% 43.9% 47.4% Gross profit (GAAP) 32,147 36,691 18,418 Plus: Fresh-start accounting adjustments 12,116 13,032 28,426 SOP 97-2 revenue deferrals (1) 5,513 6,818 4,251 Depreciation & amortization - Linux Networx - - - Stock-based compensation expense 57 45 12 Non-GAAP gross profit 49,833 56,586 51,107 Non-GAAP gross profit margin 35.2% 43.6% 38.1% Predecessor Company Three Months Ended: 29-Sep-06 30-Jun-06 31-Mar-06 30-Dec-05 30-Sep-05 (in thousands) Products revenue (GAAP) $60,606 $49,003 $46,092 $66,462 $90,538 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 3,308 12,352 2,222 7,488 8,230 Non-GAAP products revenue 63,914 61,355 48,314 73,950 98,768 Global services revenue (GAAP) 61,199 66,705 59,470 70,334 70,201 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 1,846 1,124 (110) 109 708 Non-GAAP global services revenue 63,045 67,829 59,360 70,443 70,909 Total revenue (GAAP) 121,805 115,708 105,562 136,796 160,739 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 5,154 13,476 2,112 7,597 8,938 Non-GAAP total revenue 126,959 129,184 107,674 144,393 169,677 Products cost of revenue (GAAP) 42,710 36,218 35,042 43,517 62,550 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 2,114 4,518 1,180 2,941 4,215 Depreciation & amortization - Linux Networx - - - - - Stock-based compensation expense - 4 (14) (24) (54) Non-GAAP products cost of revenue 44,824 40,740 36,208 46,434 66,711 Global services cost of revenue (GAAP) 32,265 34,314 33,185 37,435 38,172 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 681 157 154 425 595 Depreciation & amortization - Linux Networx - - - - - Stock-based compensation expense 7 18 (39) (47) (174) Non-GAAP global services cost of revenue 32,953 34,489 33,300 37,813 38,593 Cost of revenue (GAAP) 74,975 70,532 68,227 80,952 100,722 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 2,795 4,675 1,334 3,366 4,810 Depreciation & amortization - Linux Networx - - - - - Stock-based compensation expense 7 22 (53) (71) (228) Non-GAAP cost of revenue 77,777 75,229 69,508 84,247 105,304 Products gross profit (GAAP) 17,896 12,785 11,050 22,945 27,988 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 1,194 7,834 1,042 4,547 4,015 Depreciation & amortization - Linux Networx - - - - - Stock-based compensation expense - (4) 14 24 54 Non-GAAP products gross profit 19,090 20,615 12,106 27,516 32,057 Non-GAAP products gross profit margin 29.9% 33.6% 25.1% 37.2% 32.5% Global services gross profit (GAAP) 28,934 32,391 26,285 32,899 32,029 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 1,165 967 (264) (316) 113 Depreciation & amortization - Linux Networx - - - - - Stock-based compensation expense (7) (18) 39 47 174 Non-GAAP global services gross profit 30,092 33,340 26,060 32,630 32,316 Non-GAAP global services gross profit margin 47.7% 49.2% 43.9% 46.3% 45.6% Gross profit (GAAP) 46,830 45,176 37,335 55,844 60,017 Plus: Fresh-start accounting adjustments - - - - - SOP 97-2 revenue deferrals (1) 2,359 8,801 778 4,231 4,128 Depreciation & amortization - Linux Networx - - - - - Stock-based compensation expense (7) (22) 53 71 228 Non-GAAP gross profit 49,182 53,955 38,166 60,146 64,373 Non-GAAP gross profit margin 38.7% 41.8% 35.4% 41.7% 37.9% Three Months Ended: FY2008 FY2007 FY2006 (in thousands) Products revenue (GAAP) $171,257 $257,117 $252,095 Plus: Fresh-start accounting adjustments 524 5,143 - SOP 97-2 revenue deferrals (1) 63,256 31,997 30,292 Non-GAAP products revenue 235,037 294,257 282,387 Global services revenue (GAAP) 182,886 205,752 266,710 Plus: Fresh-start accounting adjustments 9,008 24,535 - SOP 97-2 revenue deferrals (1) 5,274 7,819 1,831 Non-GAAP global services revenue 197,168 238,106 268,541 Total revenue (GAAP) 354,143 462,869 518,805 Plus: Fresh-start accounting adjustments 9,532 29,678 - SOP 97-2 revenue deferrals (1) 68,530 39,816 32,123 Non-GAAP total revenue 432,205 532,363 550,928 Products cost of revenue (GAAP) 137,411 205,072 177,327 Plus: Fresh-start accounting adjustments (9,291) (25,018) - SOP 97-2 revenue deferrals (1) 42,245 17,852 12,854 Depreciation & amortization - Linux Networx (74) - - Stock-based compensation expense (138) (51) (88) Non-GAAP products cost of revenue 170,153 197,855 190,093 Global services cost of revenue (GAAP) 113,253 123,711 143,106 Plus: Fresh-start accounting adjustments (71) 1,122 - SOP 97-2 revenue deferrals (1) 2,149 3,023 1,331 Depreciation & amortization - Linux Networx (101) - - Stock-based compensation expense (115) (56) (242) Non-GAAP global services cost of revenue 115,115 127,800 144,195 Cost of revenue (GAAP) 250,664 328,783 320,433 Plus: Fresh-start accounting adjustments (9,362) (23,896) - SOP 97-2 revenue deferrals (1) 44,394 20,875 14,185 Depreciation & amortization - Linux Networx (175) - - Stock-based compensation expense (253) (107) (330) Non-GAAP cost of revenue 285,268 325,655 334,288 Products gross profit (GAAP) 33,846 52,045 74,768 Plus: Fresh-start accounting adjustments 9,815 30,161 - SOP 97-2 revenue deferrals (1) 21,011 14,145 17,438 Depreciation & amortization - Linux Networx 74 - - Stock-based compensation expense 138 51 88 Non-GAAP products gross profit 64,884 96,402 92,294 Non-GAAP products gross profit margin 27.6% 32.8% 32.7% Global services gross profit (GAAP) 69,633 82,041 123,604 Plus: Fresh-start accounting adjustments 9,079 23,413 - SOP 97-2 revenue deferrals (1) 3,125 4,796 500 Depreciation & amortization - Linux Networx 101 - - Stock-based compensation expense 115 56 242 Non-GAAP global services gross profit 82,053 110,306 124,346 Non-GAAP global services gross profit margin 41.6% 46.3% 46.3% Gross profit (GAAP) 103,479 134,086 198,372 Plus: Fresh-start accounting adjustments 18,894 53,574 - SOP 97-2 revenue deferrals (1) 24,136 18,941 17,938 Depreciation & amortization - Linux Networx 175 - - Stock-based compensation expense 253 107 330 Non-GAAP gross profit 146,937 206,708 216,640 Non-GAAP gross profit margin 34.0% 38.8% 39.3%

SGI

CONTACT: Media, Marla Robinson, +1-256-773-2371, marlar@sgi.com, or SGI
PR HOTLINE, +1-650-933-7777, or SGI PR FACSIMILE, +1-650-933-0714, all of SGI

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

Novell Reports Financial Results for Third Fiscal Quarter 2008- Raises non-GAAP operating margin guidance for fiscal year 2008- Continued product revenue growth year-over-year

WALTHAM, Mass., Aug. 28 /PRNewswire-FirstCall/ -- Novell, Inc. today announced financial results for its third fiscal quarter ended July 31, 2008. For the quarter, Novell reported net revenue of $245 million. This compares to net revenue of $237 million for the third fiscal quarter 2007. Income from operations for the third fiscal quarter 2008 was $1 million, compared to a loss from operations of $10 million for the third fiscal quarter 2007. Loss from continuing operations in the third fiscal quarter 2008 was $15 million, or $0.04 loss per share, due to a $15 million impairment charge related to our auction-rate securities. This compares to a loss from continuing operations of $4 million, or $0.01 loss per share, for the third fiscal quarter 2007. Foreign currency exchange rates favorably impacted revenue by $7 million, unfavorably impacted operating expenses by $7 million and did not materially impact income from operations year-over-year. On a non-GAAP basis, income from operations for the third fiscal quarter 2008 was $24 million. This compares to non-GAAP income from operations of $14 million in the year-ago quarter. Non-GAAP income from continuing operations for the third fiscal quarter 2008 was $21 million, or $0.06 per share. This compares to non-GAAP income from continuing operations of $19 million, or $0.05 per share, for the third fiscal quarter 2007.

For the third fiscal quarter 2008, Novell reported $33 million of product revenue from Open Platform Solutions of which $31 million was from Linux Platform Products, up 30% year-over-year. Product revenue from Identity and Security Management was $37 million of which Identity and Access Management was $34 million, up 22% year-over-year. Product revenue from Systems and Resource Management was $47 million, up 25% year-over-year. Workgroup product revenue of $92 million was down 1% year-over-year.

"We had another quarter of strong product revenue growth and expanding operating margins," said Ron Hovsepian, President and CEO of Novell. "Our transformation of the company positions us well to focus on sustained growth in 2009."

Cash, cash equivalents and short-term investments were $1.4 billion at July 31, 2008, down from $1.8 billion in the year-ago quarter, primarily due to the acquisition of PlateSpin, the repurchase of a portion of our debentures and our stock repurchase program. Days sales outstanding in accounts receivable was 78 days at the end of the third fiscal quarter 2008, up from 74 days at the end of the year-ago quarter. Total deferred revenue was $726 million at the end of the third fiscal quarter 2008, down from $734 million at the end of the year-ago quarter. Cash flow from operations was $30 million for the third fiscal quarter 2008. This compares to cash flow from operations of $25 million in the third fiscal quarter 2007.

With regard to the Company's previously announced share repurchase program, Novell repurchased 7 million shares of common stock at a cost of $45 million during the quarter. To date, the Company has repurchased 10 million shares at a cost of $58 million. The Company has $42 million remaining under the existing share repurchase program.

During the quarter, Novell used $27 million of cash to repurchase a portion of its outstanding 0.5% senior convertible debentures. To date, $142 million of cash has been used for these repurchases.

Full details on Novell's reported results, including a reconciliation of the non-GAAP results, are included in the financial schedules that are a part of this release.

Financial Outlook Novell management issues the following financial guidance: For the full fiscal year 2008: -- Net revenue is expected to be between $940 million and $970 million. -- Non-GAAP operating margin is expected to be between 8% and 10%, exceeding previously stated guidance of between 7% to 9%. Conference Call Notification and Web Access Detail

A live Webcast of a Novell conference call to discuss the quarter will be broadcast at 5:00 PM ET August 28, 2008, from Novell's Investor Relations Web page: http://www.novell.com/company/ir/qresults/. The domestic conference call dial-in number is 866-335-5255, password "Novell", and the international dial-in number is +1-706-679-2263, password "Novell".

The call will be archived on the Novell Web site approximately two hours after its conclusion and will remain on the Web site until September 12, 2008. The call will also be available for telephone playback through midnight ET, September 12, 2008. The domestic toll-free replay number is 800-642-1687, and the international replay number is +1-706-645-9291. Replay listeners must enter conference ID number 56398624.

A copy of this press release is posted on Novell's Web site at: http://www.novell.com/company/ir/qresults/.

Non-GAAP Financial Measures

We supplement our consolidated unaudited condensed financial statements presented in accordance with GAAP with certain non-GAAP financial measures. These non-GAAP measures include adjusted income from operations, operating margin, income from continuing operations, net income, income per share from continuing operations and net income per share. We provide non-GAAP financial measures to enhance an overall understanding of our current financial performance and prospects for the future and to enable investors to evaluate our performance in the same way that management does. Management uses these same non-GAAP financial measures to evaluate performance, allocate resources, and determine bonuses. The non-GAAP financial measures do not replace the presentation of our GAAP financial results, but they eliminate expenses and gains that are unusual, that are excluded from analysts' consensus estimates, and/or that arise outside of the ordinary course of business, such as, but not limited to, those related to stock-based compensation, acquisition-related intangible asset amortization, restructuring, asset impairments, litigation judgments and settlements, purchased in-process research and development, and the sale of business operations, long-term investments, and property, plant and equipment.

Legal Notice Regarding Forward-Looking Statements

This press release includes statements that are not historical in nature and that may be characterized as "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act, including those related to future financial and operating results, future opportunities, the benefits and synergies of the company's brands, strategies and acquisitions, and the growth of the Linux Platform Products, Identity and Access Management, and Systems and Resource Management markets. You should be aware that Novell's actual results could differ materially from those contained in the forward- looking statements, which are based on current expectations of Novell management and are subject to a number of risks and uncertainties, including, but not limited to, Novell's ability to transform its business through the implementation of its strategic plan, Novell's ability to realize the benefits anticipated from the Microsoft transaction and other transactions, Novell's ability to realize the benefits anticipated from its restructuring plan, and the expected charges to be incurred and payments to be made under the restructuring plan, Novell's ability to achieve its expense targets, Novell's success in executing its Linux Platform Products, Identity and Access Management, and Systems and Resource Management strategies, Novell's ability to take a competitive position in the Linux Platform Products, Identity and Access Management, and Systems and Resource Management industries, business conditions and the general economy, market opportunities, potential new business strategies, competitive factors, sales and marketing execution, shifts in technologies or market demand, Novell's ability to integrate acquired operations and employees, and the other factors described in Novell's Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 21, 2007. Novell disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release except as required by the securities laws.

About Novell

Novell, Inc. delivers the best engineered, most interoperable Linux platform and a portfolio of integrated IT management software that helps customers around the world reduce cost, complexity and risk. With our infrastructure software and ecosystem of partnerships, Novell harmoniously integrates mixed IT environments, allowing people and technology to work as one. For more information, visit http://www.novell.com/.

Novell, the Novell logo, and PlateSpin are registered trademarks of Novell, Inc. in the United States and other countries. All third party marks are the property of their respective owners.

Novell, Inc. Consolidated Unaudited Condensed Statements of Operations (In thousands, except per share data) Fiscal Quarter Ended Fiscal Year-to-Date Jul 31, Jul 31, Jul 31, Jul 31, 2008 2007 2008 2007 Net revenue: Software licenses $53,408 $44,738 $138,293 $125,070 Maintenance and subscriptions 154,982 142,833 454,287 417,246 Services (1) 36,795 49,219 119,197 145,247 Total net revenue 245,185 236,790 711,777 687,563 Cost of revenue: Software licenses 5,544 4,793 13,003 13,280 Maintenance and subscriptions 13,948 13,184 38,234 36,109 Services 40,678 48,546 128,540 146,151 Total cost of revenue 60,170 66,523 179,777 195,540 Gross profit 185,015 170,267 532,000 492,023 Operating expenses: Sales and marketing 94,213 84,176 272,894 262,450 Product development 51,759 54,207 145,846 153,236 General and administrative 26,941 28,219 82,141 81,479 Other operating expenses (2) 11,131 13,780 20,000 37,335 Total operating expenses 184,044 180,382 520,881 534,500 Income (loss) from operations 971 (10,115) 11,119 (42,477) Operating margin % 0.4% -4.3% 1.6% -6.2% Other income (loss), net: Interest income, net 7,384 16,192 33,807 45,410 Other (16,160) (739) (7,575) 1,836 Total other income (loss), net (8,776) 15,453 26,232 47,246 Income (loss) from continuing operations, before income taxes (7,805) 5,338 37,351 4,769 Income tax expense 7,320 8,970 31,926 21,882 Income (loss) from continuing operations (15,125) (3,632) 5,425 (17,113) Income (loss) from discontinued operations, before income taxes - (47) 1,285 (9,468) Income tax benefit on discontinued operations - - (836) (69) Income (loss) from discontinued operations - (47) 2,121 (9,399) Net income (loss) $(15,125) $(3,679) $7,546 $(26,512) Income (loss) per share: Continuing operations $(0.04) $(0.01) $0.02 $(0.05) Net income (loss) $(0.04) $(0.01) $0.02 $(0.08) Weighted average shares 351,878 348,177 353,290 346,731 (1) Services includes professional services, technical support and training services. (2) See Page 8 of 11 for a detail of other operating expenses. Revisions were made to prior period amounts in order to conform to the current period's presentation. Novell, Inc. Consolidated Unaudited Condensed Balance Sheets (In thousands) Jul 31, 2008 Oct 31, 2007 Assets Current assets: Cash and cash equivalents $973,837 $1,079,819 Short-term investments 390,715 777,818 Restricted cash 52,410 - Receivables, net 212,923 208,318 Prepaid expenses 50,725 53,316 Deferred income taxes 3,773 - Other current assets 40,580 35,065 Total current assets 1,724,963 2,154,336 Property, plant and equipment, net 187,641 180,537 Long-term investments 29,586 37,304 Goodwill 593,983 404,612 Intangible assets, net 65,508 33,572 Deferred income taxes 32,729 14,518 Other assets 22,503 29,515 Total assets $2,656,913 $2,854,394 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $39,678 $45,135 Accrued compensation 100,323 112,794 Other accrued liabilities 104,469 122,850 Income taxes payable 14,772 46,724 Senior convertible debentures 451,394 - Deferred revenue 480,765 494,615 Total current liabilities 1,191,401 822,118 Deferred income taxes 7,703 884 Other long-term liabilities 45,436 - Long-term deferred revenue 244,876 273,066 Senior convertible debentures - 600,000 Total liabilities 1,489,416 1,696,068 Stockholders' equity 1,167,497 1,158,326 Total liabilities and stockholders' equity $2,656,913 $2,854,394 Novell, Inc. Consolidated Unaudited Condensed Statements of Cash Flows (In thousands) Fiscal Quarter Ended Fiscal Year-to-Date Jul 31, Jul 31, Jul 31, Jul 31, 2008 2007 2008 2007 Cash flows from operating activities Net income (loss) $(15,125) $(3,679) $7,546 $(26,512) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Stock-based compensation expense 7,593 8,859 25,370 23,489 Stock-based compensation modification expense - 673 - 2,475 Depreciation and amortization 11,980 9,690 30,827 31,163 Change in accounts receivable allowances (250) (427) 421 (878) Utilization of previously reserved acquired net operating losses 1 10 5,026 4,835 Purchased in-process research and development - - 2,700 - Gain on debenture repurchases (139) - (544) - (Gain) loss on discontinued operations, before taxes - - (1,180) 10,220 (Gain) loss on impaired long-term investments 14,738 - 14,488 (1,738) Gain on sale of venture capital funds - - - (3,591) Impairment of intangible assets - 3,851 - 3,851 Loss on subsidiary sales 3,811 - 3,811 - Changes in current assets and liabilities, excluding the effect of acquisitions and dispositions 7,500 6,438 (102,323) 300,374 Net cash provided by (used in) operating activities 30,109 25,415 (13,858) 343,688 Cash flows from financing activities Issuance of common stock, net 868 6,248 7,646 14,370 Excess tax effects from stock- based compensation (7,186) 1,634 16,809 6,357 Common stock repurchases/retirements (44,663) - (44,663) - Debenture repurchases (26,868) - (142,457) - Net cash (used in) provided by financing activities (77,849) 7,882 (162,665) 20,727 Cash flows from investing activities Purchases of property, plant and equipment (12,201) (4,971) (28,523) (17,479) Short-term investment activity 33,820 (24,913) 359,260 (72,333) Long-term investment activity 7,215 - 21,738 1,738 Cash restricted due to litigation (286) - (52,410) - Net (distributions) proceeds from subsidiary sales (6,427) - (7,336) 2,749 Proceeds from sale of venture capital funds - - - 4,964 Net cash paid for acquisitions 920 - (219,553) (9,727) Purchases of intangible assets (6,000) (300) (6,000) (1,175) Other 1,138 3,274 3,365 8,440 Net cash provided by (used in) investing activities 18,179 (26,910) 70,541 (82,823) (Decrease) increase in cash and cash equivalents (29,561) 6,387 (105,982) 281,592 Cash and cash equivalents -- beginning of period 1,003,398 950,992 1,079,819 675,787 Cash and cash equivalents -- end of period $973,837 $957,379 $973,837 $957,379 Revisions were made to prior period amounts in order to conform to the current period's presentation. Novell, Inc. Unaudited Non-GAAP Adjusted Income From Operations (In thousands, except per share data) Fiscal Quarter Ended Fiscal Year-to-Date Jul 31, Jul 31, Jul 31, Jul 31, 2008 2007 2008 2007 GAAP income (loss) from operations $971 $(10,115) $11,119 $(42,477) Adjustments: Stock-based compensation expense: Cost of revenue 881 1,257 2,724 3,241 Sales and marketing 1,953 2,831 7,400 7,091 Product development 2,543 2,684 7,900 7,370 General and administrative 2,216 2,087 7,346 5,787 Sub-total 7,593 8,859 25,370 23,489 Acquisition-related intangible asset amortization: Cost of revenue 3,184 1,360 6,035 3,916 Sales and marketing 1,341 511 2,429 2,390 Product development - - - 227 Sub-total 4,525 1,871 8,464 6,533 Other operating expenses (income): Restructuring expenses 6,570 6,024 11,329 17,891 Purchased in-process research and development - - 2,700 - Litigation-related expense (income) 750 450 750 (93) Acquisition integration costs - - 1,410 - Loss on subsidiary sales 3,811 - 3,811 - Impairment of intangible assets - 3,851 - 3,851 Stock-based compensation review expenses - 3,455 - 15,686 Sub-total 11,131 13,780 20,000 37,335 Total operating adjustments 23,249 24,510 53,834 67,357 Non-GAAP income from operations $24,220 $14,395 $64,953 $24,880 Operating margin % 9.9% 6.1% 9.1% 3.6% Novell, Inc. Unaudited Non-GAAP Adjusted Net Income (In thousands, except per share data) Fiscal Quarter Ended Fiscal Year-to-Date Jul 31, Jul 31, Jul 31, Jul 31, 2008 2007 2008 2007 GAAP net income (loss) $(15,125) $(3,679) $7,546 $(26,512) Operating adjustments (detailed above) 23,249 24,510 53,834 67,357 Non-operating expenses (income) adjustments: Gain on sale of venture capital funds - - - (3,591) Gain on debenture repurchases (139) - (544) - (Gain) loss on impaired long- term investments 14,738 - 14,488 (1,738) Sub-total 14,599 - 13,944 (5,329) Total pre-tax adjustments 37,848 24,510 67,778 62,028 Income tax adjustments (1,888) (2,121) (334) (2,462) Income (loss) from discontinued operations, net of taxes - 47 (2,121) 9,399 Total net adjustments 35,960 22,436 65,323 68,965 Non-GAAP net income and non-GAAP income from continuing operations $20,835 $18,757 $72,869 $42,453 GAAP net income (loss) per share $(0.04) $(0.01) $0.02 $(0.08) Total adjustments detailed above 0.10 0.06 0.19 0.20 Non-GAAP net income per share and non-GAAP income from continuing operations per share $0.06 $0.05 $0.21 $0.12 GAAP weighted average shares 351,878 348,177 353,290 346,731 Change from basic to diluted weighted average shares 1,319 2,969 - 2,217 Non-GAAP weighted average shares 353,197 351,146 353,290 348,948 Revisions were made to prior period amounts in order to conform to the current period's presentation.

Novell, Inc.

CONTACT: Press, Ian Bruce, +1-781-464-8034, ibruce@novell.com, or
Investor Relations, Susan Walker White, 1-800-317-3195, swhite@novell.com,
both of Novell, Inc.

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

Global Crossing Announces Conference Call for GC Impsat's Second Quarter Financial Results

FLORHAM PARK, N.J., Aug. 28 /PRNewswire-FirstCall/ -- Global Crossing will conduct a conference call on Wednesday, September 3, 2008 at 9:00 a.m. EDT/10:00 a.m. Buenos Aires time. CFO Jean Mandeville and Hector Alonso, managing director for Latin America, will discuss GC Impsat's financial results for the second quarter 2008.

The call may be accessed by dialing +1 212 231 2904. Callers are advised to dial in 15 minutes prior to the 9:00 a.m. EDT/10:00 a.m. Buenos Aires start time. The call will also be Webcast at http://investors.globalcrossing.com/events.cfm .

A replay of the call will be available on Wednesday, September 3, 2008 beginning at 11:00 a.m. EDT/12:00 p.m. Buenos Aires time and will be accessible until Wednesday, September 10, 2008 at 11:00 a.m. EDT/12:00 p.m. Buenos Aires time. To access the replay, callers should dial +1 402 977 9140 or +1 800 633 8284 and enter reservation number 21391709.

ABOUT GLOBAL CROSSING LATIN AMERICA

Global Crossing's Latin American business has operations in Argentina, Brazil, Chile, Colombia, Ecuador, Panama, Peru, Mexico, Venezuela and the United States (Florida). In addition to its IP-based fiber-optic network, Global Crossing's regional infrastructure includes 15 metropolitan networks and 15 world-class data centers located in the main business centers of Latin America.

Global Crossing's reach and experience in Latin America allow it to address the particularities of the region and deliver the solutions each company needs. The company provides services to a variety of customers, including medium and large companies and corporations, institutions and government entities, and telecommunications operators.

ABOUT GLOBAL CROSSING

Global Crossing provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 400 cities in more than 45 countries worldwide, and delivers services to more than 690 cities in more than 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.

Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.

Please visit http://www.globalcrossing.com/ or blogs.globalcrossing.com/ for more information about Global Crossing.

Statements in this press release about expected future events and financial results are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including risks referenced from time to time in the company's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.

CONTACT GLOBAL CROSSING: Press Contacts Michael Schneider + 1 973 937 0146 michael.schneider@globalcrossing.com Fernanda Marques Latin America + 55 11 3957 2042 fernanda.marques@globalcrossing.com Analysts/Investors Contact Antonio Suarez + 1 800 836 0342 glbc@globalcrossing.com IR/PR1

Global Crossing

CONTACT: Press: Michael Schneider, +1-973-937-0146,
michael.schneider@globalcrossing.com, or Fernanda Marques, Latin America,
+55-11-3957-2042, fernanda.marques@globalcrossing.com; or Analysts and
Investors: Antonio Suarez, +1-800-836-0342, glbc@globalcrossing.com, all of
Global Crossing

Web site: http://www.globalcrossing.com/
http://investors.globalcrossing.com/events.cfm

Sunrise Telecom(R) Announces Extension of Line of Credit

SAN JOSE, Calif., Aug. 28 /PRNewswire-FirstCall/ -- Sunrise Telecom(R) Incorporated (Pink Sheets: SRTI), a leader in test and measurement solutions for today's telecom, wireless and cable networks, announced that its $10.0 million line of credit with Silicon Valley Bank has been renewed until August 12, 2009. The company's line of credit has historically been a one-year facility requiring annual renewals or replacement. On August 13, 2008, the company renewed its line of credit facility with Silicon Valley Bank, for a one-year period maturing August 12, 2009. The renewed facility has a maximum availability of $10.0 million and bears interest at the bank's prime rate (5.00%).

The renewed line of credit facility contains revised financial covenants regarding the Company's quick ratio and minimal tangible net worth. Also, as part of the renewal, the lender waived any covenant violations that existed as of June 30, 2008. As of June 30, 2008, the Company had $2.0 million outstanding under the facility.

About Sunrise Telecom Incorporated

Sunrise Telecom develops and delivers high-quality communications test and measurement solutions for today's telecom, cable and wireless networks. The Company's robust portfolio of feature-rich, easy-to-use products enables service providers to deliver premium voice, video, data and next-generation digital multimedia services quickly, reliably, and cost-effectively. Based in San Jose, California, Sunrise Telecom distributes its products through a direct sales force and a global network of sales representatives and distributors. For more information, visit http://www.sunrisetelecom.com/ or email info@sunrisetelecom.com.

SUNRISE TELECOM, the "S" logo, and other trademarks are trademarks of Sunrise Telecom Incorporated and may not be used without permission.

Sunrise Telecom Incorporated

CONTACT: Richard D. Kent, Chief Financial Officer of Sunrise Telecom
Incorporated, +1-408-363-8000; or Linda Rothemund, Investor Relations,
+1-415-445-3236, for Sunrise Telecom Incorporated

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

Federal Judge Finds Qualcomm in Contempt of Injunction on 3G Cellular and Push-to-Talk Products Previously Found to Infringe Broadcom Patents

IRVINE, Calif., Aug. 28 /PRNewswire-FirstCall/ -- Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, announced that a federal judge today found Qualcomm Incorporated in contempt of an injunction he ordered last December designed to prevent Qualcomm from continued infringement of three Broadcom(R) patents.

U.S. District Judge James V. Selna found that Qualcomm violated the injunction by continuing to use and support infringing WCDMA chips and ordered Qualcomm to immediately cease such use and support. The court further found that Qualcomm violated the injunction by failing to pay royalties to Broadcom on its infringing QChat(R) products. Citing the "egregiousness" of Qualcomm's conduct, the court ordered Qualcomm to pay Broadcom the gross profits Qualcomm has earned on its infringing QChat(R) products. Judge Selna further ordered Qualcomm to pay Broadcom's attorneys fees in connection with the contempt proceedings.

Additionally, the Court reserved determination of whether Qualcomm should also be held in contempt for post-injunction offers to sell infringing WCDMA chips pending additional discovery and proceedings.

"Over the past two years, Qualcomm has been found to have infringed four Broadcom patents, abused the standards-setting process, and committed gross discovery misconduct, and now has been held in contempt of a court-ordered injunction," said David Rosmann, Broadcom's Vice President, Intellectual Property Litigation. "Qualcomm's conduct demonstrates a startling lack of respect for its competitors' intellectual property, industry standards-setting processes, and the courts."

Broadcom filed the case in U.S. District Court in Santa Ana, Calif., in May 2005. On May 29, 2007, a unanimous jury returned a verdict finding that Qualcomm infringed three Broadcom patents and awarded $19.64 million in damages for past infringement.

About Broadcom

Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art, system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything(R).

Broadcom is one of the world's largest fabless semiconductor companies, with 2007 revenue of $3.78 billion, and holds over 2,800 U.S. and 1,200 foreign patents, more than 7,300 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.

Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at http://www.broadcom.com/.

Cautions regarding Forward Looking Statements:

All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

Important factors that may cause such a difference for Broadcom in connection with our litigation with Qualcomm include, but are not limited to:

-- our ability to prevail in the various federal and state lawsuits and other proceedings against Qualcomm, including any appeals; -- the ability of our patents to protect our intellectual property and products; -- our ability to enforce our intellectual property rights; and -- the risks associated with litigation in general, including the costs and time that must be devoted to litigation, the potential diversion of attention of management and key employees that may result from being engaged in litigation, and the possibility of adverse results.

Additional factors that may cause Broadcom's actual results to differ materially from those expressed in forward-looking statements include, but are not limited to the list that can be found at http://www.broadcom.com/press/additional_risk_factors/Q32008.php.

Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of this date. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.

Broadcom(R), the pulse logo, Connecting everything(R) and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Qualcomm and QChat(R) are trademarks of Qualcomm Incorporated. Any other trademarks or trade names mentioned are the property of their respective owners.

Broadcom Business Press Contact Broadcom Financial Analyst Contact Bill Blanning T. Peter Andrew Vice President, Global Media Relations Vice President, Corporate 949-926-5555 Communications blanning@broadcom.com 949-926-5663 andrewtp@broadcom.com

Photo: http://www.newscom.com/cgi-bin/prnh/20060609/BROADCOMLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Broadcom Corporation; BRCM Coporate

CONTACT: Bill Blanning, Vice President, Global Media Relations,
+1-949-926-5555, blanning@broadcom.com, or T. Peter Andrew, Vice President,
Corporate Communications, +1-949-926-5663, andrewtp@broadcom.com, both of
Broadcom Corporation

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

Gillette(R) and EA Sports(TM) Announce Global Partnership Focused on GamingPartnership Will Include World's Largest Multi-Sport Gaming Tournament, Offering Consumers Opportunity to Compete Against Each Other and Their Sports Heroes

BOSTON, Aug. 28 /PRNewswire-FirstCall/ -- Tiger Woods, one of today's greatest athletes, joined two of his partners -- and two of the world's best known brands -- Gillette [PG], the world's leading grooming brand, and EA SPORTS(TM), the world's leading sports interactive entertainment brand and a Label of Electronic Arts Inc. , on Wednesday to announce a global partnership that will create a variety of co-promotional marketing opportunities focused on similar male consumers. This will include joint online marketing efforts in more than 20 markets in North America, Latin America, Western Europe and Asia that will leverage the Xbox 360(R) LIVE and EA SPORTS in-game environments. Joining Tiger Woods for the announcement in New York City were Peter Clay, Vice President, Gillette Grooming, and Peter Moore, President, EA SPORTS.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080828/NYTH076 )

"Gillette and EA SPORTS represent the best in grooming and gaming, and this partnership is a natural extension of our ongoing efforts to engage guys through their competitive nature and their passions, including sports," said Peter Clay. "We'll be working together to reach consumers with unique programs such as the Gillette -- EA SPORTS Champions of Gaming, a global tournament that will offer gamers the opportunity to compete against the best in the world and then take on the Gillette Champions and other sports legends to see if they have what it takes to be the best."

Gillette and EA SPORTS are leaders in industries favored by male consumers that have witnessed considerable growth in recent years. Both companies share the same strategic target -- guys 18-34 years old -- as well as a rich history of technological innovation, competition and connecting with guys through their passion for sports.

The Gillette -- EA SPORTS Champions of Gaming -- the world's largest multi-sport gaming tournament -- will officially launch in late October and provide gamers the opportunity to compete against others from around the world for the chance to be named a Global Champion of Gaming. The live global finals will be conducted in Tampa, Florida, in January 2009, with the Global Champions in each gaming category competing against one of the Gillette Champions -- Gillette's group of global sports superstars that includes Tiger Woods, Roger Federer and Derek Jeter. Gamers will be able to play via Xbox 360 LIVE on Tiger Woods PGA TOUR(R) 09, NASCAR(R) 09, Madden NFL 09, NBA LIVE 09 and EA SPORTS(TM) FIFA Soccer 09. More information about the Gillette -- EA SPORTS Champions of Gaming will be available after October 15, 2008, at http://www.gillette.com/.

"I'm proud of my association with both Gillette and EA SPORTS because they represent what it means to be at the top of your game," said Gillette Champion Tiger Woods. "This program will give guys the chance to play games at the highest level possible, which is always exciting. To be the best at anything is an amazing feat."

"We're excited about this terrific new partnership between EA SPORTS and Gillette," said Peter Moore, president of EA SPORTS. "Joining Gillette to present such an ambitious global gaming tournament as the Gillette -- EA SPORTS Champions of Gaming is great news for sports fans and works to continue the globalization of our brand. We anticipate that there will be some very fierce competition taking place around the world on some of our most popular franchises. To then give the gaming champions the chance to battle their heroes from the real-world of sports is a sports fan's dream come true."

About Gillette Fusion(R)

Gillette Fusion is the world's first razor system with the revolutionary technology of a 5-blade Shaving Surface(TM) on the front of the cartridge and a Precision Trimmer(TM) on the back. Gillette's Fusion family of razors includes Fusion, Fusion Power(TM), Fusion Power Phantom(TM), Fusion Phenom(TM) and Fusion Power Phenom(TM). The Gillette Fusion franchise launched in 2006; in 2008 it became P&G's 24th brand to generate more than one billion dollars in sales, joining the ranks of powerhouse brands Tide(R), Crest(R), Braun(R), Oral-B(R), and Olay(R). More information can be found at http://www.gillette.com/.

About Procter & Gamble

Three billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers(R), Tide(R), Ariel(R), Always(R), Whisper(R), Pantene(R), Mach3(R), Bounty(R), Dawn(R), Pringles(R), Folgers(R), Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R), Oral-B(R), Actonel(R), Duracell(R), Olay(R), Head & Shoulders(R), Wella, Gillette(R), and Braun. The P&G community consists of over 135,000 employees working in over 80 countries worldwide. Please visit http://www.pg.com/ for the latest news and in-depth information about P&G and its brands.

About Electronic Arts

Electronic Arts Inc. (EA), headquartered in Redwood City, California, is the world's leading interactive entertainment software company. Founded in 1982, the Company develops, publishes, and distributes interactive software worldwide for video game systems, personal computers, cellular handsets and the Internet. Electronic Arts markets its products under four brand names: EA SPORTS(TM), EA(TM), EA SPORTS Freestyle(TM) and POGO(TM). In fiscal 2008, EA posted GAAP net revenue of $3.67 billion and had 27 titles that sold more than one million copies. EA's homepage and online game site is http://www.ea.com/. More information about EA's products and full text of press releases can be found on the Internet at http://info.ea.com/.

EA, EA SPORTS, EA SPORTS Freestyle and POGO are trademarks or registered trademarks of Electronic Arts Inc. in the U.S. and/or other countries. John Madden, NFL, NBA, NASCAR, Tiger Woods, PGA TOUR and NASCAR are trademarks of their respective owners and used with permission.

All other trademarks are the property of their respective owners.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080828/NYTH076
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN12
PRN Photo Desk, photodesk@prnewswire.com Procter & Gamble

CONTACT: Michael Norton of Gillette, +1-617-421-8201; or Michael Young,
+1-212-601-8212, or Richard Small, +1-212-601-8187, both of Porter Novelli for
Procter & Gamble

Web site: http://www.pg.com/news
http://www.pg.com/
http://www.gillette.com/
http://www.ea.com/
http://info.ea.com/

Micromem subsidiary announces most sensitive hall sensor available on the market

TORONTO, Aug. 28 /PRNewswire-FirstCall/ -- Micromem Technologies Inc. (OTC BB: MMTIF) through its wholly owned U.S. subsidiary, Micromem Applied Sensor Technologies Inc. ("MAST Inc."), announced today the availability of its first market sensor with the release of the attached product specification GC-0301. The GC-0301 has a Hall Sensitivity Co-efficient of over 200 V/T which makes it the most sensitive hall sensor on the market without the need for external amplification.

To view the product specification GC-0301 please visit: http://files.newswire.ca/651/Micromem_GC-0301.doc

MAST Inc. is targeting unmet sensing and analytical needs in both the military and commercial market spaces. MAST Inc. expects to announce a series of partnerships that will include the world's first sensing device that will solve design issues that currently exist in the industry. In addition, the company will also be issuing revenue numbers as it relates to each of the respective partnership announcements.

Listing: NASD OTC-Bulletin Board - Symbol: "MMTIF" Shares issued: 82,323,779 SEC File No: 0-26005 About Micromem Technologies Inc.

Micromem Technologies, Inc. (http://www.micromeminc.com/) is focused on the development of magnetic random access memory (MRAM) and sensor technology.

Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause Micromem's actual results in future periods to differ materially from those expressed or suggested herein. These uncertainties and risks include, without limitation, the inherent uncertainty of research, product development and commercialization, the impact of competitive products and patents, our ability to fund our current and future business strategies and respond to the effect of economic and business conditions generally as well as other risks and uncertainties detailed from time to time in Micromem's filings with the Securities & Exchange Commission. There can be no guarantee that Micromem will be able to enter into any commercial arrangements on terms that are favorable to it, or at all. For more information, please refer to Micromem's Annual Report on Form 20-F and its Form 6-Ks as filed with the U.S. Securities and Exchange Commission. Micromem is under no obligation (and expressly disclaims any obligation) to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Micromem Technologies Inc.

CONTACT: Jason Baun, Chief Information Officer, 1-877-388-8930

The Parent Company to Report Fiscal 2008 Second Quarter Results on September 16, 2008

DENVER, Aug. 28 /PRNewswire-FirstCall/ -- The Parent Company , a leading commerce, content and new media company for growing families, will report its second quarter financial results on Tuesday, September 16, 2008, before the market opens.

Chief Executive Officer, Michael Wagner, and Chief Financial Officer, Barry Hollingsworth, will discuss the Company's earnings and operations on September 16th at 10 AM Eastern Time.

The conference call will be broadcast via live webcast and may be accessed at http://investor.theparentcompany.com/. Following the completion of the webcast, a recorded replay will be available for 30 days at the same Internet address. Listeners may also access the call by dialing 1-877-548-7903. A replay of the call is available by dialing 1-888-203-1112, password 6867384.

About The Parent Company

The Parent Company (formerly BabyUniverse, Inc.) is a leading commerce, content and new media company for growing families. The Parent Company provides comprehensive eCommerce and eContent resources to help families plan, play and grow. The company's toy business offers thousands of toys and children's products through its eToys.com web site, catalogs and strategic retail partnerships; and personalized dolls and accessories through its My Twinn.com brand. Through its baby business, the company is a leading online retailer of brand-name baby, toddler and maternity products sold through the BabyUniverse.com and DreamtimeBaby.com web sites. The company's luxury brands, PoshTots.com and PoshLiving.com, reach the country's most affluent consumers with luxury baby apparel and furnishings. With its content sites, BabyTV.com, PoshCravings.com and ePregnancy.com, The Parent Company has established a recognized platform for the delivery of content and new media resources to a national audience of expectant parents. The Parent Company is a market-leading digital content and eCommerce company focused on parents.

The Parent Company

CONTACT: Barry Hollingsworth of The Parent Company, +1-303-226-6205

Web site: http://investor.theparentcompany.com/

Video: Level 3 Red Couch Drives Conversation on Technology at the 2008 Democratic National ConventionGovernor Ritter, Senator Salazar and Mayor Newsom Among More Than 30 Who Shared Their Perspectives on the Changing Landscape of Technology and Politics

BROOMFIELD, Colo., Aug. 28 /PRNewswire-FirstCall/ -- Level 3 Communications, Inc. today announced that the company has captured more than 30 interviews on the Red Couch with participants from the Rocky Mountain Roundtable and other notable events during the 2008 Democratic National Convention. Colorado Governor Bill Ritter, U.S. Senator Ken Salazar and San Francisco Mayor Gavin Newsom are featured on the event highlight video embedded in this press release and also available at http://www.level3.com/DemConvention.

To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/level3comm/34738/

Launched in 2007, the Level 3 Red Couch is an independent initiative to provide a platform for discussion on the effect of technology on our lives from business to politics to media and entertainment. Just as Level 3 provides underlying network infrastructure to enable many of the emerging communications tools that are available over the Internet, the Red Couch is driving industry conversation about Internet technology and its effects on our daily lives.

As part of the Convention, the Red Couch initiative will archive a series of conversations about the intersection of politics and the Internet, with a specific focus on the use of new media in the current presidential election campaign. Today, online video, blogs and social networking Web sites are changing the way candidates connect with the public, engaging more people than ever before in the political process.

"Technology is redefining the way we communicate and share information," said Grant van Rooyen, president of Level 3's Content Markets Group. "Greater two-way communication and real-time information exchange are hallmarks of the current Internet era. Level 3 is pleased to host political, cultural and business leaders on the Red Couch to discuss these changes and their far- reaching effect on all aspects of society."

About Level 3 Communications

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

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

Forward-Looking Statement

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

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Video: http://www.prnewswire.com/mnr/level3comm/34738 Level 3 Communications, Inc.

CONTACT: Media: Kimberly Tulp, +1-720-888-3675, or Chris Hardman, +1-
720-888-2518; Investors: Valerie Finberg, +1-720-888-2501, or Mark
Stoutenberg, +1-720-888-2518

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

La technologie HyperLight Load(TM) de Micrel permet des solutions rapides comme l'éclair et minuscules pour les systèmes portables

SAN JOSE, Californie, August 28 /PRNewswire/ --

Micrel Inc., (Nasdaq : MCRL), un leader du secteur des communications analogiques à grande largeur de bande et des solutions de circuit intégré pour Ethernet, a lancé aujourd'hui le MIC23030 et le MIC23031, les nouveaux venus dans la famille HyperLight Load(TM) de régulateurs abaisseurs synchrones. L'architecture brevetée mise en oeuvre dans les MIC23030/1 offre une performance transitoire à la pointe de la technologie et à peine 3 mV d'ondulation en tension de sortie pour les produits portables. Les régulateurs sont équipés de MOSFET capables de fournir jusqu'à 400 mA de courant de sortie tout en ne consommant que 21 microampères de courant au repos dans un boîtier Thin MLF(R) minuscule de 1,6 mm x 1,6 mm. Ces régulateurs abaisseurs HyperLight Load(TM) atteignent jusqu'à 93 % de rendement optimal et un rendement impressionnant de 88 % avec une charge inférieure à 1 mA. Les MIC23030/1 sont actuellement disponibles avec des options à sortie ajustable et fixe de 1,0 V, 1,2 V, 1,5 V et 1,8 V avec une tarification à partir de 0,55 USD/pièce pour un millier de pièces. Des échantillons sont disponibles sur le site Web de Micrel, au http://www.micrel.com/index.do

<< Les MIC23030 et MIC23031 vont plus loin que la concurrence en offrant une excellente combinaison de rendement, de taille et de régime transitoire >>, a fait remarquer Andy Khayat, directeur du marketing en charge des produits portables chez Micrel. << Les concepteurs de systèmes portables continuent d'optimiser le rendement électrique afin de prolonger la durée de la batterie tout en offrant les fonctionnalités haute performance qu'exigent les clients. L'architecture brevetée HyperLight Load(TM) de Micrel fournit un rendement très élevé pour les modes à faible puissance et un régime transitoire à charge rapide pour maintenir précisément les tensions du rail d'alimentation lorsque la demande de puissance augmente. >>

Les MIC23030 et MIC23031 nécessitent uniquement trois composants externes et fonctionnent à des fréquences de 8 MHz et 4 MHz respectivement. Ces dispositifs présentent une surface de seulement 27 mm(2) et 29 mm(2) respectivement, pour moins de 0,6 mm de hauteur. Avec une plage de tension d'entrée de service allant de 2,7 V à 5,5 V, les deux régulateurs sont adaptés à des applications alimentées par une seule batterie Li-Ion ou une source 5 VDC telle qu'un port USB. La précision de sortie est impressionnante : +/- 2,5 % sur une gamme de température de jonction de -40 C à +125 C. Les fonctionnalités de protection interne comprennent un verrouillage de sous-tension, une limitation du courant et un arrêt thermique.

A propos de Micrel, Inc.

Micrel Inc. est l'un des leaders mondiaux dans la production de solutions de circuits intégrés pour les marchés mondiaux analogiques, d'Ethernet et de large bande passante. Parmi les produits de la société, on compte des semi-conducteurs avancés à signaux mixtes, analogiques et de puissance ainsi que des circuits intégrés de communication à haute performance, de gestion horaire, de commutation Ethernet et de transmetteur de la couche physique. Parmi les clients de la société, on trouve : d'importants fabricants de produits pour les grandes entreprises, la grande consommation, l'industrie, la télécommunication mobile et fixe, l'industrie automobile et l'informatique. Le siège social de l'entreprise ainsi qu'un site de production de tranches de pointe se trouvent à San José, en Californie. Des bureaux régionaux de vente et de service après-vente ainsi que des centres de conception technologique avancés se trouvent aux Amériques, en Europe et en Asie. De plus, la société maintient un important réseau de distributeurs et de représentants dans le monde entier. Web : http://www.micrel.com.

Remarque : MLF est une marque déposée d'Amkor Technology. HyperLight Load est une marque déposée de Micrel, Inc.

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

Micrel Inc.

Julieanne DiBene, communications marketing de Micrel Inc., +1-408-474-1276, Julie.DiBene@Micrel.com

Mercury Computer Systems to Present at the Kaufman Brothers 11th Annual Investor Conference on September 4, 2008

CHELMSFORD, Mass., Aug. 28 /PRNewswire-FirstCall/ -- Mercury Computer Systems, Inc. announced that it will present at the Kaufman Brothers 11th Annual Investor Conference to be held on September 3-4 at the W Hotel in New York, New York. Management will present an overview of the Company's business, followed by a Q&A session.

An audio webcast and archive of the event will be available on Thursday, September 4, at 9:00 a.m. EDT through the Company's website at http://www.mc.com/investor under Financial Events. A replay of the webcast will be archived for three months on the Company's website, under Financial Events.

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

Mercury Computer Systems (http://www.mc.com/) is the leading provider of computing systems and software for data-intensive applications that include image processing, signal processing, and visualization. We work closely with customers to architect comprehensive, purpose-built solutions that capture, process, and present data that have a meaningful impact on everyday life -- from detecting aneurysms to identifying security threats.

Mercury is based in Chelmsford, Massachusetts and serves customers worldwide through a broad network of direct sales offices, subsidiaries, and distributors. We are listed on the Nasdaq National Market .

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

Contact: Robert Hult, CFO 978-967-1990

Photo: http://www.newscom.com/cgi-bin/prnh/20030930/MERCURYCSLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com Mercury Computer Systems, Inc.

CONTACT: Robert Hult, CFO of Mercury Computer Systems, Inc.,
+1-978-967-1990

Web site: http://www.mc.com/
http://www.mc.com/investor

The Water Club Launches www.ShopTheWaterClub.com- New Online Retail Store Offers Lifestyle Experience of Atlantic City's First Cosmopolitan Hotel -

ATLANTIC CITY, N.J., Aug. 28 /PRNewswire/ -- Bringing home the stylish decor of The Water Club, A Signature Hotel by Borgata, is now just a click away with the official launch of ShopTheWaterClub.com. The new website is a one-stop-shop, offering customers a chance to purchase their favorite items from the premier East Coast destination for their home -- or gift the experience for others to enjoy. Items from The Water Club Collection, including the hotel's custom-designed bed, its sumptuous bedding and plush towels, are among the products available for purchase.

"The Water Club experience is more than a hotel brand -- it's a lifestyle brand," explains Drew Schlesinger, VP and General Manager of The Water Club. "Similar to Borgata's debut, The Water Club's amenities have quickly become a big hit with our customers. Our guests frequently contact us about the products that are exclusive to the hotel -- everything from the bedding collection to the glassware to the L'Occitane Bath amenities in our guestrooms. ShopTheWaterClub.com will offer guests the unique ability to purchase these items for the first time, at their convenience, and enjoy The Water Club experience at home year-round."

ShopTheWaterClub.com features the hotel's signature mocha, chocolate and turquoise-colored sateen bedding, custom-designed for The Water Club; the hotel's 100 percent Turkish cotton robes; crystal wine glasses hand-selected by acclaimed chef Geoffrey Zakarian, culinary-lifestyle consultant for The Water Club; the hotel's L'Occitane Bath Collection; The Water Club pillows, which are filled with CentroClean(TM) white goose down, enveloped inside soft, 100 percent down-proof cotton; and much more. All items are shipped within 24-hours of purchase.

Since opening in June 2008, The Water Club has quickly captivated customers with its star-studded debut as the City's first non-gaming, cosmopolitan hotel, offering the style and cache of boutique hotels in New York, Los Angeles and Miami, while uniquely boasting the Las Vegas-style amenities of the flagship Borgata Hotel Casino & Spa, including world-class dining, high-caliber entertainment, alluring nightlife and gaming. Continuing to innovate with the launch of ShopTheWaterClub.com, the online store joins sister site ShopBorgata.com, which was the first-of-its-kind online retail store in Atlantic City. The new site will be powered by Hotels at Home Worldwide, the premier full-service provider of hotel-retail programs, and will satisfy the growing demand as more guests request to purchase signature Water Club and Borgata products.

For more information or to purchase items from The Water Club, A Signature Hotel By Borgata, please visit http://www.shopthewaterclub.com/.

About The Water Club

The Water Club, A Signature Hotel by Borgata, introduces a unique brand of hospitality to Atlantic City, combining elements of Borgata, while delivering a personality of its own. The $400 million hotel features 800 guestrooms and suites; Immersion, a two-story spa located on the 32nd Floor; 18,000 square feet of meeting space; three Residences modeled after chic, urban lofts; five heated indoor and outdoor pools; and The Shoppes at The Water Club -- six designer retail boutiques including La Perla, Just Cavalli, Hearts on Fire, Fixation and Cameo. Located adjacent to Borgata Hotel Casino & Spa, The Water Club will be just steps away from Borgata's world-class entertainment, shopping, dining, nightlife, and gaming options.

About Borgata

Borgata is a joint venture of Boyd Gaming Corporation and MGM MIRAGE . Located at Renaissance Pointe in Atlantic City, it features 2,000 guest rooms and suites, 161,000 square feet of gaming, 200 gaming tables, 4,100 slot machines, 10 destination restaurants, 12 retail boutiques, a 54,000 square foot spa, 70,000 square feet of event space, and parking for 7,100 cars. For more information on Borgata or to obtain a copy of this press release, please visit http://www.theborgata.com/ or use AOL keyword: borgata. Additional news and information on Boyd Gaming can be found at http://www.boydgaming.com/; additional information on MGM MIRAGE can be found at http://www.mgmmirage.com/.

The Water Club

CONTACT: Noel Stevenson of Borgata Hotel Casino & Spa, +1-609-317-7380,
noelstevenson@theborgata.com; or Michelle Horn, hmichelle@njfpr.com, or Tanya
Ali, tanya@njfpr.com, both of Nancy J. Friedman Public Relations,
+1-212-228-1500, all for The Water Club

Web site: http://www.shopthewaterclub.com/
http://www.shopborgata.com/
http://www.theborgata.com/
http://www.boydgaming.com/
http://www.mgmmirage.com/

Versus Technology Announces Third Quarter Results

TRAVERSE CITY, Mich., Aug. 28 /PRNewswire-FirstCall/ -- Versus Technology, Inc. ("Versus" or the "Company") announced revenues of $1,176,000 for its third fiscal quarter ended July 31, 2008, a decrease of 8% compared to revenues of $1,283,000 for the same quarter of the prior year. Revenues for the nine months ended July 31, 2008, were $4,026,000, compared to $3,554,000 for the nine months ended July 31, 2007, a 13% increase. Versus' quarterly revenues can vary significantly depending on the timing and delivery of major customer projects. Accordingly, revenues reported in any one quarter are not necessarily indicative of what full year results will be.

Gross profits as a percentage of revenues were 71% for the current year's third quarter compared to 69% for the same quarter of the prior year. Operating expenses, other than cost of revenues, increased 25% for the current year's third quarter compared to the same quarter of the prior year, due primarily to an increase in research and development and sales and marketing expenses.

Versus reported a net loss of $448,000 for the current year's third quarter compared to a net loss of $134,000 for the same quarter of the prior year. The Company reported a net loss of $825,000 for the nine months ended July 31, 2008, compared to a net loss of $544,000 for the nine months ended July 31, 2007.

For additional information, please refer to the attached unaudited consolidated financial statements.

Versus Technology, Inc. (Pink Sheets: VSTI.PK) ( http://www.versustech.com/ ) (Versus) is the leader in the development and sale of context-aware systems used for the management of patient flow and medical assets and to improve caregiver/patient communications in medical and long-term care facilities. Versus also supplies Active RFID/IR tags and readers that make locating systems more precise, security systems more intelligent, data collection routines automatic, and asset management systems more efficient. Versus' systems, which are currently installed in hospitals, corporate facilities, government facilities, and other complexes, permit the automatic and accurate registry of essential management and business information. By monitoring the precise location of personnel or equipment and automatically recording events associated with their locations, the systems offer real-time asset and staff locating, automatic data collection, access/egress control, and a passive source of location data that facilitates scheduling and communication interfaces. Versus' proprietary locating systems are sold primarily through an expanding network of resellers and dealers.

Safe Harbor Provision

This document may contain forward-looking statements relating to future events, such as the development of new products, the commencement of production, or the future financial performance of the Company. These statements fall within the meaning of forward-looking information as defined in the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, economic, competitive, governmental, and technological factors affecting the Company's markets and market growth rates, products and their rate of commercialization, services, prices and adequacy of financing, and other factors. The Company undertakes no obligation to update, amend, or clarify forward-looking statements, whether because of new information, future events, or otherwise.

Report of Management

The accompanying consolidated balance sheets of Versus Technology, Inc. and Subsidiary as of July 31, 2008, and October 31, 2007, and the related consolidated statements of operations and cash flows for the periods ended July 31, 2008 and 2007, have been prepared by management.

Management has elected to omit substantially all of the footnote disclosures required by accounting principles generally accepted in the United States. If the omitted disclosures were included in the financial statements, they might influence the user's conclusions about the Company's financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters.

The reader should refer to the Versus Technology, Inc. 2007 Annual Report which is available at http://www.versustech.com/annual_reports.htm for further details regarding the Company's financial position at October 31, 2007.

Richard W. Ebersole Chief Financial Officer August 28, 2008 VERSUS TECHNOLOGY, INC. AND SUBSIDIARY Consolidated Balance Sheets (Unaudited) July 31, 2008 October 31, 2007 Assets Current Assets Cash and cash equivalents $1,690,000 $2,428,000 Accounts receivable 661,000 1,134,000 Inventories 903,000 824,000 Prepaid expenses and other current assets 191,000 127,000 Total Current Assets 3,445,000 4,513,000 Property and Equipment Machinery and equipment 401,000 374,000 Furniture and fixtures 100,000 92,000 Leasehold improvements 420,000 160,000 Construction in progress - 14,000 921,000 640,000 Less accumulated depreciation 577,000 542,000 Net Property and Equipment 344,000 98,000 Goodwill 1,533,000 1,533,000 Other Non-Current Assets 9,000 9,000 $5,331,000 $6,153,000 See accompanying report of management. VERSUS TECHNOLOGY, INC. AND SUBSIDIARY Consolidated Balance Sheets (Unaudited) July 31, 2008 October 31, 2007 Liabilities and Shareholders' Equity Current Liabilities Accounts payable $470,000 $523,000 Accrued expenses 224,000 263,000 Deferred revenue from customer advance payments 138,000 242,000 Total Current Liabilities 832,000 1,028,000 Shareholders' Equity Common stock $0.01 par value; 120,000,000 shares authorized; 95,325,325 and 92,781,325 shares issued and outstanding 953,000 928,000 Additional paid-in capital 42,657,000 42,483,000 Accumulated deficit (39,111,000) (38,286,000) Total Shareholders' Equity 4,499,000 5,125,000 $5,331,000 $6,153,000 See accompanying report of management. VERSUS TECHNOLOGY, INC. AND SUBSIDIARY Consolidated Statements of Operations (Unaudited) Three Months Ended Nine Months Ended July 31, July 31, 2008 2007 2008 2007 Revenues $1,176,000 $1,283,000 $4,026,000 $3,554,000 Operating Expenses Cost of revenues 340,000 403,000 1,166,000 1,229,000 Research and development 218,000 137,000 601,000 455,000 Sales and marketing 814,000 648,000 2,371,000 1,733,000 General and administrative 261,000 246,000 752,000 728,000 Total Operating Expenses 1,633,000 1,434,000 4,890,000 4,145,000 Loss From Operations (457,000) (151,000) (864,000) (591,000) Other Income (Expense) Interest income 9,000 17,000 40,000 45,000 Net foreign currency transaction gains - - (1,000) 2,000 Total Other Income (Expense) 9,000 17,000 39,000 47,000 Net Loss $(448,000) $(134,000) $(825,000) $(544,000) Basic and Diluted Net Loss Per Share $(-) $(-) $(-) $(-) See accompanying report of management. VERSUS TECHNOLOGY, INC. AND SUBSIDIARY Consolidated Statements of Cash Flows (Unaudited) For the nine months ended July 31, 2008 2007 Operating Activities Net loss $(825,000) $(544,000) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation 35,000 24,000 Amortization of intangibles - 41,000 Non-cash equity based compensation 82,000 82,000 Changes in operating assets and liabilities: Accounts receivable 473,000 890,000 Inventories (79,000) (184,000) Prepaid expenses and other current assets (64,000) (85,000) Accounts payable (53,000) (36,000) Accrued expenses (39,000) (2,000) Deferred revenues - customer advance payments (104,000) (46,000) Net cash (used in) provided by operating activities (574,000) 140,000 Investing Activities Additions to property and equipment (281,000) (33,000) Financing Activities Issuance of common stock 117,000 352,000 Net (Decrease) Increase in Cash and Cash Equivalents (738,000) 459,000 Cash and Cash Equivalents, at the beginning of the period 2,428,000 1,401,000 Cash and Cash Equivalents, at the end of the period $1,690,000 $1,860,000 See accompanying report of management.

Versus Technology, Inc.

CONTACT: Investors-Analysts: Richard W. Ebersole, Chief Financial
Officer, or Media: Stephanie Bertschy, Director of Marketing, of Versus
Technology, Inc., +1-231-946-5868

Web site: http://www.versustech.com/
http://www.versustech.com/annual_reports.htm

SiRF Hosts 2nd Annual Location 2.0 SummitIndustry Leaders Gather to Make Location Fundamental to Everything Mobile

SAN JOSE, Calif., Aug. 28 /PRNewswire-FirstCall/ -- Building on the success of last year's inaugural event, SiRF Technology Holdings, Inc. , a leading provider of GPS-powered location platforms, today announced the second annual Location 2.0 Summit as well as the ten finalists chosen to give Fast-Pitch presentations at the event. More than 200 of the top global location industry executives are expected to gather at the St. Regis Hotel in San Francisco on September 10, 2008 for this invitation-only event, which this year also introduces the People's Choice Awards to highlight innovation in the LBS industry.

This year's event will feature keynote addresses from Christof Hellmis, director of Navigation and Routing Solutions at Nokia and Dr. Vincent Tao, senior director of the Microsoft Local, Mobile Search and Virtual Earth business unit at Microsoft. Other featured speakers include Joe Astroth, vice president of Location Services; Randy Frantz, director of Telecommunications and LBS at ESRI; Steve Glagow, vice president of Market Operations at Orange-France Telecom; Niren Hiro, vice president of business for Admob; Masaaki Maeda, senior vice president of the Service and Technology Division at NTT DoCoMo; Rich Miner, vice president of Mobile Technology for Google; Magnus Nilsson, CEO of Wayfinder Systems; Jerry Panagrossi, vice president and general manager of North America for Symbian, Inc.; Ed Schmit, associate director of the Enterprise Developer Program at AT&T; Brad Smith, technology editor at Wireless Week and Eric White, general manager of Handheld Solutions at Trimble Mobile Solutions.

"The Location 2.0 Summit has quickly become a popular event for global industry leaders, and based on the success of last year's event, we anticipate another standing-room-only crowd again this year," said Kanwar Chadha, founder and vice president of marketing for SiRF. "In keeping with spirit of this event, attendees will be able to use their wireless handsets to vote for their favorite Fast-Pitch presentations, and the winner in each Fast-Pitch category will receive a People's Choice Award during the evening award ceremony."

The Location 2.0 Summit attracts attendees from across the entire location industry ecosystem -- operators and service providers, device manufacturers and enabling platform providers as well as content and application developers -- to explore the future direction of technologies for making location fundamental to everything mobile. Attendees will hear and discuss success stories and proven strategies as well as critical challenges for the location industry in the mobile and wireless space.

Fast-Pitch Finalists

This year's event introduces unique three-minute Fast-Pitch presentations -- high-intensity sessions that demonstrate the benefits of using the power of location to enhance the daily lives of individuals, enterprises and communities. Developers will pitch their innovative LBS applications to the top global location industry executives in attendance at the conclusion of each of the panel discussions.

The Fast-Pitch nominees that were submitted were judged by Kanwar Chadha and wireless industry analyst, Andrew Seybold; finalists have been chosen for each of the three panel discussion sessions.

For the consumer Fast-Pitch category, the finalists are Dial Directions for its product DIR-ECT-IONS; Locr for its product locr.com; and Loopt for its product Loopt.

For the enterprise Fast-Pitch category, the finalists are LuckyCal, Inc. for its product LuckyCal with Predictive Presence Technology, Pacific DataVision for its product Locator for SkyMailTM, and Proxpro, Inc. for its product Prompt.

For the next generation technologies Fast-Pitch category, the finalists are Knowtate for its Knowtations product, Microsoft Corporation for the product Location Prediction for Drivers, Planet 9 Studios and its product RayGun and Sense Networks for its CitySense product.

Panel Discussions

The Fast-Pitch presentations will be an integral part of the three panel discussions:

-- Consumer Panel: Location and the Wireless Ecosystem -- Enterprise Panel: Using Location to Beat the Economy -- Future Technologies: One World, One Network for LBS?

Unlike typical conference-style panel discussions, these interactive sessions will delve deeply into the topics being covered and allow attendees to take part. Held in question-and-answer format to promote audience participation, the panels will conclude with unique three-minute presentations from the finalists of the Fast-Pitch competition, which will feature the most innovative new LBS application and technologies in beta or on the market today. Participants will be able to utilize SMS-based voting to select their favorites from each group of Fast Pitches, and the winner of each Fast-Pitch category will receive People's Choice Awards.

Awards

The afternoon will conclude with closing remarks and the Location 2.0 Summit Awards, an extraordinary opportunity to promote excellence and celebrate achievement in the industry. In addition to the Leadership Award and Pioneer Award presented to honor and recognize outstanding members of the location ecosystem, this year's event also features the new People's Choice Awards presented to the most popular Fast-Pitch presentations. The cocktail reception accompanying the Awards will provide an opportunity for attendees to make new acquaintances, interact with other executives and leaders within the location industry and build strategic partnerships.

Agenda

The Summit will commence at 11:00 a.m. with a luncheon in the St. Regis Ballroom hosted by Andrew Seybold, a renowned expert on the convergence of wireless, mobility and the Internet. During his noontime opening remarks, Mr. Seybold will be sharing his insights on the most effective location-based services strategies that he has championed from the very early days of the industry.

After the luncheon, opening remarks and the opening keynote address, the Location 2.0 Summit will continue with consumer and enterprise keynote addresses and the three panel discussions and Fast-Pitch presentation sessions. The Summit will conclude with closing remarks, the Awards program and the cocktail reception.

More information on the Location 2.0 Summit and Awards can be found at http://www.sirf.com/location2summit.

About SiRF Technology

SiRF Technology Holdings, Inc. develops and markets location platforms based on semiconductor and software products that are designed to enable location-awareness utilizing GPS and other location technologies, enhanced by wireless connectivity and multimedia capabilities for high-volume mobile consumer devices and commercial applications. SiRF's technology has been integrated into a wide range of mobile consumer devices such as automobile navigation systems, portable navigation devices (PNDs), mobile phones, mobile computers, GPS-based peripherals and handheld GPS devices, and into commercial applications such as location servers, asset tracking devices and fleet management systems. SiRF markets and sells its products in four target platforms: wireless handheld devices such as mobile phones; automotive electronics systems, including navigation and telematics systems; consumer electronics products such as recreational GPS handhelds, mobile gaming machines, digital cameras and wearable devices; and mobile computing systems, including personal digital assistants, notebook computers, universal mobile personal computers (UMPCs) and mobile internet devices. Founded in 1995, SiRF is headquartered in San Jose, California, and has sales offices, design centers and research facilities around the world. The company trades on the NASDAQ Stock Exchange under the symbol SIRF. Additional information about SiRF and its location technology solutions can be found at http://www.sirf.com/.

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release, including, but not limited to, statements regarding the ability to accelerate LBS deployment, the benefits of SiRFstudio and SiRFecosystem, including supporting SiRF's growth strategy and expanding use of location-based services, wireless data revenues, need to integrate location experience across multiple applications, use on multiple platforms, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "to," "being," "possible," "may," "will," "addresses," "designed to," "expand", "provide," "believe," and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and should not be considered as an indication of future performance. SiRF's actual results could differ materially from those discussed in these forward-looking statements as a result of risks and uncertainties, including, among others, the risk that we may not realize the anticipated benefits of this acquisition, risks associated with acquisitions, including the ability to successfully integrate the acquired technologies or operations, potential diversion of management's attention and our ability to retain key employees of acquired businesses, demand and market acceptance for our products and those of our customers, the market for GPS-based location awareness, risks associated with the semiconductor industry and other risks and uncertainties discussed in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2007 and from time to time in SiRF's SEC reports. These forward-looking statements speak only as of the date hereof. We do not undertake any obligation to update forward-looking statements.

SiRF Technology Holdings, Inc.

CONTACT: Lori Evans of Evans Public Relations, +1-650-200-5891,
lori@evanspublicrelations.com, for SiRF Technology Holdings, Inc.

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

Gameloft - Current Operating Income up 18% and Operating Margin of 5.5% for the First Half of 2008

PARIS, August 28 /PRNewswire-FirstCall/ -- 2008 Half-Year Results

Gameloft's financial statements for the first half-year ending June 30, 2008 break down as follows:

In EUR million H1 2008 H1 2007 Sales 50.3 45.9 Other Income 0.2 0.2 Cost of goods sold -4.1 -3.8 R&D -26.6 -25.1 Sales & Marketing -13.8 -10.5 Administration -4.5 -3.7 Other income and expenses 1.3 -0.7 Current operating income* 2.8 2.3 Stock-based compensation -1.3 -1.5 Other operational revenues and expenses -0.1 0.0 Operating income 1.4 0.8 Financial result -1.3 -0.1 Tax expenses -0.9 -0.6 Group Share of Net Income -0.8 0.0 *before stock-based compensation

Gameloft achieved consolidated revenues of EUR50.3 million for the first half of 2008, up by 17% from the previous year on a comparable exchange rate basis. Mobile games accounted for 94% of first-half revenues and the remaining 6% are related to Gameloft's console game business (Nintendo DS, Xbox Live Arcade and Nintendo WiiWare).

The current operating income for first-half 2008 is in line with expectations, up 18% with H1 2007. The operating margin stands at 5.5%, compared to 5.1% in the first half of 2007. This improvement in the margin, despite a 29% increase in the average headcount over the period, highlights the leverage that exists with the growth in revenues. The operational margin should therefore continue to improve over the second half of the year and the company is confident in renewing its goal for operating profitability over the full financial year 2008.

The half-year impact from expensing stock options is EUR1.3 million. This charge will have no impact on the company's equity and cash level.

Interest income amounted to EUR(1.3) million and is mainly comprised of exchange rate losses, due to the sharp rise in the Euro from January to June 2008. Net half-year profit stands therefore at EUR(0.8) million but is expected to improve substantially over the full-year 2008 thanks to the anticipated operating margin increase.

Healthy Financial Position

Gameloft's financial position has been very solid since June 30, 2008. The company's equity stood at EUR47.3 million, net cash was EUR12.7 million and financial indebtedness remained at zero. The operating cash flow reached EUR0.3 million in the first half of the year. The company therefore has the financial resources necessary for its international growth strategy.

Outlook 2008

Gameloft continues to reap the fruit of its investments in its creative and distribution abilities. These investments have allowed the company to grow faster than most of its major competitors and reach a leading worldwide position in the industry. These strategic investments pave the way for the future growth of the company, especially in the "rich games" segment that was launched in 2008 on high-end phones (iPhone, N-Gage, Instinct, etc.) and on downloading consoles (Wii, Xbox 360 and PS3) which is expected to fuel growth in the second half of 2008 and in following years.

Gameloft currently benefits from:

- the industry's largest development capacity, well beyond that of its competitors with over 3,300 developers in its studios. This allows Gameloft to release around 80 new games each year. Its catalogue comprises over 250 games covering 1,200 models of cell phones;

- a unique know-how demonstrated by its ability to diversify on platforms such as iPod, iPhone, Nintendo DS and WiiWare and with games that innovate as well as cater to a mass market audience. Gameloft is currently positioned as one of the major suppliers of games for the Apple iPhone and the Nokia N-Gage. It managed to place between one to four games in the top ten best selling iPhone games in the US, Canada, the UK, France, Germany, Spain, Italy and Japan since the launch of the AppStore in July 08;

- strong licenses with many of its own brands that are amongst the bestselling mobile games worldwide (Asphalt: Urban GT, Brain Challenge, Midnight Pool, TV Show King, etc.) and new partnerships with world-renowned brands (Ferrari, NBA, Oregon Trail, The Mummy, etc.);

- the world's most complete distribution network with over 180 operators and over 150 affiliates that distribute our games in more than 80 countries throughout the world.

Gameloft is therefore renewing its growth and profitability targets for 2008. In the long term, the company is in an ideal situation to occupy the top position in the industry with its successful investments in a market that is predicted to reach nearly 4 billion potential consumers in 2010[1]. The company expects to continue its steadfast growth and impact

Sales for the third quarter of 2008 will be published on Monday, November 3, 2008.

About Gameloft

Gameloft develops and publishes video games for cell phones and consoles worldwide. Founded in 1999, Gameloft is now positioned as one of the most innovative companies in its field. Gameloft designs games for telephones incorporating Java, Brew and Symbian technologies, for which the number of units should exceed four billion in 2012. Gameloft games are also available on WiiWare, DS, Microsoft Xbox LIVE Arcade, iPod and PCs.

Partnership agreements with major rights holders such as Ubisoft Entertainment, Universal Pictures, ABC, Touchtone Television, Dreamworks Animations SKG, Endemol, 20th Century Fox, Viacom, Sony Pictures, Warner Bros., FIFPro, Ferrari, Roland-Garros, Gus Hansen, Kobe Bryant, Derek Jeter, Robinho, Reggie Bush, Chuck Norris, Patrick Vieira, Christophe Dominici and Jonny Wilkinson allow Gameloft to associate its games with very strong international brands. In addition to these brands, Gameloft has its own brands, such as Block Breaker Deluxe, Asphalt: Urban GT and New York Nights.

Thanks to agreements with all of the main telecom operators, telephone manufacturers and specialized distributors, as well as its http://www.gameloft.com/ boutique, Gameloft's games are distributed in 80 countries.

Gameloft has locations in New York, San Francisco, Seattle, Montreal, Mexico, Buenos Aires, Paris, London, Koln, Copenhagen, Milan, Madrid, Lisbon, Vienna, Warsaw, Helsinki, Bucharest, New Delhi, Kuala Lumpur, Beijing, Tokyo, Hong Kong, Seoul, Singapore and Sydney. Gameloft is listed in Compartment B of the Paris Stock Exchange (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA).

For more information, consult http://www.gameloft.com/ P&L (in thousands of Euros) H1 2008 H1 2007 Sales 50 288 45 858 Other revenues (including capitalized R&D) 180 211 Cost of sales -4 054 -3 782 R&D -26 630 -25 093 Sales and Marketing -13 843 -10 490 Administration -4 521 -3 652 Other income and operating expenses 1 334 -716 Current operating income 2 754 2 336 Stock-based compensation -1 262 -1 535 Other operating revenue and expenses -69 -44 Operating income 1 423 757 Cost of net financial indebtedness 108 251 Interest income 1 693 469 Interest expense -3 103 -811 Financial result -1 301 -91 Income Tax -888 -633 Net income -766 34 . Group's share -766 34 Income per share -0,01 0,00 Diluted income per share -0,01 0,00 BALANCE SHEET (in thousands of Euros) 30/06/2008 31/12/2007 ASSETS Net intangible fixed assets 9 816 7 154 Net tangible fixed assets 4 979 5 345 Non-current financial assets 1 883 2 288 Other non-current assets 754 627 Total non-current assets 17 432 15 413 Inventories 31 70 Client receivables 30 832 30 485 Investment securities 5 485 6 266 Cash 7 255 7 794 Other current assets 4 729 5 929 Total current assets 48 332 50 544 TOTAL ASSETS 65 764 65 957 LIABILITIES Share Capital 3 658 3 653 Additional paid-in capital 63 017 62 860 Reserves -18 565 -15 240 Net profit -766 -4 080 Shareholders' equity 47 344 47 194 Non-current liabilities 707 1 224 Current liabilities 17 713 17 539 TOTAL LIABILITIES 65 764 65 957 CASH FLOW STATEMENT (in thousands of H1 2008 H1 2007 Euros) Operating Transactions Net income -766 34 Depreciation of tangible and intangible 4 579 2 637 fixed assets Variation of provisions -73 63 Result from stocks options and assimilated 1 262 1 535 Tax expense 176 5 Sales of assets 270 -2 Capitalized R&D -3 082 0 License acquisition -1 881 -2 277 Operating cash flow before working capital 484 1 994 Change in stocks 39 24 Change in operating receivables 781 -445 Change in operating debts -1 024 884 Change in working capital -204 464 Operating cash flow 280 2 458 Transactions linked to investments Acquisitions of intangible fixed assets -213 -122 Acquisitions of tangible fixed assets -1 324 -2 149 Acquisition of other fixed financial -155 -1 495 assets Acquisition of controlling interests -6 -27 Sale of fixed assets 37 Repayment of loans and other financial 346 232 assets Change in scope 85 -52 Other 57 -55 Cash flows from investing activities -1 210 -3 630 Transactions from financing New long- and medium-term loans Reimbursement of loans -28 -26 Capital increase 5 74 Increase in the issue premium 156 2 708 Change in loans from shareholders -47 Cash flows from financing activities 133 2 709 Net change in cash and cash equivalents -797 1 538 Net cash flow at the beginning of the year 13 938 18 660 Impact of conversion differentials -491 201 Net cash flow at the end of the year 12 649 20 398 --------------------------------- [1] Source: Strategy Analytics Contact: Anne-Laure Descleves Head of Communications Tel +33(0)1-58-16-20-82 anne-laure.descleves@gameloft.com

Gameloft

CONTACT: Contact: Anne-Laure Descleves, Head of Communications, Tel
+33(0)1-58-16-20-82, anne-laure.descleves@gameloft.com

Le groupe GfK affiche une croissance dynamique au deuxième trimestre

NUREMBERG, Allemagne, August 28 /PRNewswire/ -- Le groupe GfK vient d'enregistrer un excellent deuxième trimestre 2008. En effet, le groupe a connu une forte croissance interne de 11,4 % de son chiffre d'affaires et a vu son bénéfice d'exploitation ajusté atteindre 43,8 millions d'euros, soit une hausse de 13,4 % par rapport au deuxième trimestre de 2007. Avec un résultat de 13,6 %, la marge, qui représente le rapport entre le bénéfice d'exploitation ajusté et le chiffre d'affaires, s'est quant à elle maintenue à un niveau plus élevé que celui qui avait été atteint à pareille date l'an dernier (13,2 %).

Pour les six premiers mois de l'exercice actuel, la croissance interne du chiffre d'affaires a atteint 8,4 %. Ainsi, le groupe GfK a enregistré son taux de croissance interne le plus élevé depuis son premier appel public à l'épargne en 1999. Les trois secteurs ont d'ailleurs contribué à ce résultat. Les effets négatifs du taux de change ont toutefois contribué à réduire de 4,5 % la croissance du chiffre d'affaires. Le chiffre d'affaires déclaré après les effets de la devise et les acquisitions a pour sa part augmenté de 6,5 % à 589,7 millions d'euros. Quant au bénéfice d'exploitation ajusté, il est passé de 63,5 millions d'euros au premier semestre de 2007 à 66,8 millions d'euros en 2008. À 11,3 %, la marge a presque atteint le même niveau que celui de l'an dernier (11,5 %).

Le rendement du secteur de la vente au détail et de la technologie a été particulièrement satisfaisant, ce dernier ayant de nouveau augmenté sa marge déjà considérable au cours du deuxième trimestre de 2008. Malgré les effets défavorables liés au taux de change, le secteur des médias a réussi à afficher une forte croissance de presque 10 %. À l'échelle régionale, GfK a enregistré une très forte croissance interne en Europe centrale et de l'Est, en Asie et dans le Pacifique, et en Amérique latine.

Dans l'ensemble, le carnet de commandes du groupe GfK est bien rempli. À la fin juillet, il couvrait déjà 80,3 % des ventes annuelles escomptées du groupe. Ce résultat est même supérieur à celui qui avait été atteint à pareille date l'année dernière (79,4 %).

Marion Eisenblätter Tél. : +49-911-95-2645 marion.eisenblaetter@gfk.com

GfK Gruppe

Marion Eisenblätter, tél. : +49-911-95-2645, marion.eisenblaetter@gfk.com

Gameloft - Résultat opérationnel courant en hausse de 18% et marge opérationnelle de 5,5% lors du premier semestre 2008.

PARIS, August 28 /PRNewswire/ -- Résultats semestriels 2008

Les comptes de Gameloft pour le premier semestre de l'exercice se clôturant au 30 juin 2008 s'établissent comme suit :

En MEuros S1 2008 S1 2007 Chiffre d'affaires 50,3 45,9 Autres produits 0,2 0,2 Coûts des ventes -4,1 -3,8 R&D -26,6 -25,1 Ventes & Marketing -13,8 -10,5 Administration -4,5 -3,7 Autres produits & charges 1,3 -0,7 Résultat opérationnel courant* 2,8 2,3 -1,3 -1,5 Eléments de rémunération payés en actions -0,1 0,0 Autres produits et charges opérationnelles Résultat opérationnel 1,4 0,8 Résultat financier -1,3 -0,1 Charge d'impôt -0,9 -0,6 Résultat net part du Groupe -0,8 0,0

* avant comptabilisation des éléments de rémunération payés en actions

Le chiffre d'affaires consolidé du premier semestre 2008 est en hausse de 17% à taux de change constant et s'établit à 50,3 mEUR. L'activité jeux mobiles et l'activité jeux consoles (Nintendo DS, Xbox Live Arcade, Nintendo WiiWare) ont représenté respectivement 94% et 6% du chiffre d'affaires total du premier semestre 2008.

Le résultat opérationnel courant des six premiers mois de l'exercice 2008 est en ligne avec les objectifs et a augmenté de 18% par rapport au premier semestre 2007. La marge opérationnelle s'établit ainsi à 5,5% comparé à 5,1% lors du premier semestre 2007. Cette amélioration de la marge, malgré une augmentation de 29% des effectifs moyens sur la période, met en lumière l'effet de levier qui existe sur la croissance des ventes de Gameloft. La marge opérationnelle devrait donc continuer à s'améliorer sur le second semestre et la société est en mesure de renouveler son objectif de rentabilité sur l'ensemble de l'exercice 2008.

La charge semestrielle liée aux options d'achat octroyées aux salariés est de 1,3MEUR. Cette charge n'a pas d'incidence sur les fonds propres et la situation cash de la société.

Le résultat financier est de -1,3MEUR et se compose pour l'essentiel de pertes de change liées à la forte hausse de l'Euro de janvier à juin 2008. Le résultat net semestriel s'établit donc à -0,8MEUR mais devrait s'améliorer sur l'ensemble de l'exercice 2008 grâce à la progression attendue de la marge opérationnelle.

Situation Financière saine

La situation financière de Gameloft est très solide au 30 juin 2008. Les fonds propres de la société atteignent 47,3MEUR, la trésorerie s'établit à 12,7MEUR et l'endettement financier demeure nul. Le cash flow opérationnel est positif et atteint 0,3MEUR sur le premier semestre. La société a donc à sa disposition tous les moyens financiers nécessaires à sa stratégie de croissance internationale.

Perspectives 2008

Gameloft continue de récolter les fruits de ses investissements dans sa capacité de création et de distribution. Ces investissements ont permis à la société de croître plus rapidement que la plupart de ses concurrents et de s'installer au premier rang mondial de son industrie. Ces investissements stratégiques préparent aussi la croissance future de la société, particulièrement dans le domaine des "Rich Games" dont le lancement en 2008 sur les téléphones haut de gamme (iPhone, N-Gage, Instinct, etc.) et les consoles de téléchargement (Wii, Xbox 360 et PS3) devrait nourrir la croissance du second semestre 2008 et des exercices à venir.

Gameloft dispose aujourd'hui:

- de la première capacité de développement de l'industrie très loin devant tous ses concurrents avec plus de 3300 développeurs dans ses studios de création. Ceci permet à Gameloft de commercialiser chaque année environ 80 nouveaux jeux et de disposer d'un catalogue de 250 jeux couvrant 1200 modèles de téléphones mobiles;

- d'un savoir faire unique au monde illustré par sa capacité à se diversifier sur des plateformes telles que l'iPod, l'iPhone, la Nintendo DS, la WiiWare et d'être présent au lancement de ces plateformes avec des jeux à la fois innovants et faciles d'accès pour le grand public. Gameloft s'est ainsi placé aux premiers rangs des éditeurs sur l'iPhone d'Apple et la N-Gage de Nokia et entre 1 et 4 jeux Gameloft se sont classés dans le top 10 des ventes iPhone aux Etats-Unis, au Canada, au Royaume-Uni, en France, en Allemagne, en Espagne, en Italie et au Japon au lancement de l'App Store en juillet 2008;

- de licences fortes avec de nombreuses marques propres qui font partie des meilleures ventes mondiales du jeu grand public (Asphalt: Urban GT, Brain Challenge, Midnight Pool, TV Show King, etc.) et de nouveaux partenariats avec des marques mondialement reconnues (Ferrari, NBA, Oregon Trail, La Momie, etc.);

- du réseau de distribution le plus complet au monde avec plus de 180 opérateurs et plus de 150 affiliés distribuant nos jeux dans plus de 80 pays à travers le monde.

Gameloft renouvelle donc ses objectifs de croissance et de rentabilité pour l'exercice 2008. A plus long terme, la société est idéalement positionnée pour occuper le 1er rang mondial et pour continuer à croître rapidement sur un marché dans lequel elle a fortement investi avec succès depuis 2002 et qui comptera près de 4 milliards de consommateurs potentiels en 2010(1).

Le chiffre d'affaires du troisième trimestre 2008 sera publié le lundi 3 novembre 2008.

A propos de Gameloft

Gameloft est un éditeur et développeur mondial de jeux vidéo pour téléphones mobiles et consoles. Fondé en 1999, Gameloft est aujourd'hui positionnée comme l'une des entreprises les plus innovantes dans son domaine. Gameloft conçoit des jeux pour les téléphones incluant les technologies Java, Brew ou Symbian, dont le parc installé devrait dépasser quatre milliards d'unités en 2012. Les jeux Gameloft sont aussi disponibles sur WiiWare, DS, Microsoft Xbox LIVE Arcade, iPod et PCs. Des accords de partenariat avec de grands détenteurs de droits comme Ubisoft Entertainment, Universal Pictures, ABC, Touchtone Television, Dreamworks Amimations SKG, Endemol, 20th Century Fox, Viacom, Sony Pictures, Warner Bros., FIFPro, Ferrari, Roland-Garros, Gus Hansen, Kobe Bryant, Derek Jeter, Robinho, Reggie Bush, Chuck Norris, Patrick Vieira, Christophe Dominici ou Jonny Wilkinson permettent à Gameloft d'associer de très fortes marques internationales à ses jeux. En plus de ces marques, Gameloft possède ses propres marques comme Block Breaker Deluxe, Asphalt: Urban GT ou New York Nights.

Grâce à des accords avec l'ensemble des principaux opérateurs télécom, des fabricants de téléphones, des distributeurs spécialisés ainsi que sa boutique www.gameloft.com, Gameloft distribue ses jeux dans 80 pays. Gameloft est présent à New York, San Francisco, Seattle, Montréal, Mexico, Buenos Aires, Paris, Londres, Cologne, Copenhague, Milan, Madrid, Lisbonne, Vienne, Varsovie, Helsinki, Bucarest, New Dehli, Kuala Lumpur, Pékin, Tokyo, Hong Kong, Séoul, Singapour et Sydney. Gameloft est cotée au Compartiment B de la bourse de Paris (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA).

COMPTE DE RESULTAT (en milliers S1 2008 S1 2007 d'euros) Chiffre d'affaires 50 288 45 858 Autres produits de l'activité (hors 180 211 R&D immobilisée) Coûts des Ventes -4 054 -3 782 R&D -26 630 -25 093 Ventes et Marketing -13 843 -10 490 Administration -4 521 -3 652 Autres produits & charges 1 334 -716 d'exploitation Résultat opérationnel courant 2 754 2 336 Eléments de rémunération payés en -1 262 -1 535 actions Autres produits et charges -69 -44 opérationnels Résultat opérationnel 1 423 757 Coût de l'endettement financier net 108 251 Produits financiers 1 693 469 Charges financières -3 103 -811 Résultat financier -1 301 -91 Charge d'impôt -888 -633 Résultat net -766 34 . part du groupe -766 34 Résultat par action -0,01 0,00 Résultat dilué par action -0,01 0,00

BILAN (en milliers d'euros) 30/06/2008 31/12/2007 ACTIF Immobilisations incorporelles nettes 9 816 7 154 Immobilisations corporelles nettes 4 979 5 345 Actifs financiers non courants 1 883 2 288 Autres actifs non courants 754 627 Total actifs non courants 17 432 15 413 Stocks et en cours 31 70 Créances clients 30 832 30 485 VMP 5 485 6 266 Disponibilités 7 255 7 794 Autres actifs courants 4 729 5 929 Total actifs courants 48 332 50 544 TOTAL ACTIF 65 764 65 957 PASSIF Capital 3 658 3 653 Prime d'émission 63 017 62 860 Réserves -18 565 -15 240 Résultat -766 -4 080 Capitaux propres 47 344 47 194 Passifs non courants 707 1 224 Passifs courants 17 713 17 539 TOTAL PASSIF 65 764 65 957

TABLEAU DE FINANCEMENT (en milliers S1 2008 S1 2007 d'euros) Flux d'exploitation Résultat net -766 34 Amortissement des immobilisations 4 579 2 637 corporelles et incorporelles Variation des provisions -73 63 Résultat lié aux stocks options et 1 262 1 535 assimilés Variation des impôts différés et 176 5 impôts versés Cessions d'immobilisation 270 -2 Frais de R&D immobilisés -3 082 0 Acquisition de licences -1 881 -2 277 Capacité d'autofinancement 484 1 994 Variation de stocks 39 24 Variation des créances d'exploitation 781 -445 Variation des dettes d'exploitation -1 024 884 Variation du BFR -204 464 Cash Flow opérationnel 280 2 458 Flux liés aux investissements Acquisitions d'immobilisations -213 -122 incorporelles Acquisitions d'immobilisations -1 324 -2 149 corporelles Acquisition d'autres immobilisations -155 -1 495 financières Acquisition de titres de -6 -27 participations Cession des immobilisations 37 Remboursement des prêts et autres 346 232 immobilisations financières Variation de périmètre 85 -52 Autres flux 57 -55 Total des flux liés aux -1 210 -3 630 investissements Flux des opérations de financement Nouveaux emprunts à long et moyen terme Remboursement des emprunts -28 -26 Augmentation de capital 5 74 Augmentation de la prime d'émission 156 2 708 Variation des comptes courants des -47 actionnaires Autres flux Total des flux des opérations de 133 2 709 financement Variation de trésorerie -797 1 538 Trésorerie nette à l'ouverture de 13 938 18 660 l'exercice Incidence des écarts de conversion -491 201 Trésorerie nette à la clôture de 12 649 20 398 l'exercice

Contact: Anne-Laure Desclèves Head of Communications Tel +331-5816-2082 Mail anne-laure.descleves@gameloft.com

Pour d'avantage d'information, rendez-vous sur http://www.gameloft.com

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

(1) Source : Strategy Analytics

Gameloft

Contact: Anne-Laure Desclèves, Head of Communications, Tel +331-5816-2082, Mail anne-laure.descleves@gameloft.com

Hi-Media Reports First Half 2008 Earnings and Confirms Development Plan- Strong Revenue Growth in an increasingly tight advertising market: +24%- Gross Margin maintained at high level of 40%- Operating profit in line with investment and development plan- Net Rebound in Profitability Expected During Second Half of 2008- Full year objectives and medium-term development plan confirmed

PARIS, Aug. 28 /PRNewswire-FirstCall/ -- The Hi-Media Internet media group (ISIN Code FR0000075988 - HIM, HIM.PA), one of Europe's leaders in interactive advertising and electronic micro-payments, today announced results for the first six months ended June 30, 2008.

Key consolidated financial highlights in millions of Euros H1 2007 H1 2008 2008/2007 Change (%) Turnover 49.0 60.8 24 % Gross profit 19.6 24.3 24 % Gross margin percentage 40 % 40 % Operating profit 7.0 5.0 (before stock based compensation) -29 % Net profit of consolidated companies 5.8 1.0 -83 %

The consolidated income statement, statement of cash flows and balance sheet can be downloaded from the Company's website at http://www.hi-media.com/.

Cyril Zimmermann, founder and Chief Executive Officer of Hi-Media, said: "While profits for the first half of the year may not be in line with our expectations for the year as a whole, they validate the strategy adopted more than two years ago. Thanks to our diversified revenue streams, we continue to grow and are demonstrating our resilience in uncertain advertising markets. Our performance also reflects the quality of our business model, which allows us to finance our medium-term plans. We have created new sites, enhanced our global footprint and acquired strategic stakes, while investing in the development of our organization into an integrated Internet media group. These achievements as well as these investments should bring profitability in line from the second half of 2008 onwards".

Results in Line With Development Plan Increase in proprietary website audience

In two years, the audience of the Group's websites has increased almost six-fold, to 30 millions unique users, of which 16 million users are in Europe.

Hi-Media is emphasizing audience in its three priority themes (women, entertainment, news), continuing to implement this strategy by:

-- launching several websites: contrefeux.com, monsondage.com, dastvprogramm.de, as well as the Belgian version of actustar.com. -- taking stakes in websites with high growth potential: sport.fr, vivat.be and rue89.com -- acquiring Magicrpm.com, a French directory and online resource for online rock and independent electronic music.

Since Hi-Media acquired the social networking site Fotolog one year ago, membership has doubled to 20 million users. Revenues have increased significantly, particularly sales of graphic advertising and paid subscriptions. Fotolog's performance demonstrates the synergies generated since its integration with the Group. With consolidated revenues from all websites at 9.6% in the first half year, Hi-Media is well set to meet its 2008 objective of increasing total revenues from all sites by 10%.

Strong Growth Driven by Diversification of Revenue Streams

The Group's advertising offering has been further strengthened: with 65 million unique users across the world, it is now positioned among the leaders in online advertising. Revenue from this activity has increased by 17% in a difficult business environment.

With 32% growth in the first half, Hi-Media's micro-payment business is benefiting from technology investments of the past year and the volume of commercial wins recorded since the beginning of the year. Robust micro-payments performance is expected to generate the bulk of the increase in the Group's profit in the second half of this fiscal year.

Gross Profit Maintained at the High Level of 40% The consolidated gross profit has been maintained at 40% thanks to: -- Gross profit of micro-payments at an average level of 25% (with significant improvement toward the end of the first half). -- improving gross profits in the advertising business to 55%, a 6-point gain year-on-year that reflects a key component of the Group's vertical integration strategy -- increasing contributions from propriety sites with 100% gross profit margins. Profit Profile Consistent With a Year of Investment

Good commercial performance, diversified revenue streams and created synergies have resulted in an operating profit of 5 million Euros, before valuation of stock options and grants. In line with Hi-Media's strategic roadmap, operating profit takes into account increases in operating charges relating to the following:

-- integration of Fotolog, the social networking site acquired in November 2007 which has now reached break-even; -- acquisition of Mobile Trend, a leader in the mobile internet and micro-payment by SMS in France, which was finalised in June 2008; -- new business activities (local network in France, advertising business in Spain); -- implementation of the 5 million Euro, 2008 development plan to build a proprietary audience (by launching new sites, improving existing ones) and of an electronic wallet.

The cost of 2.2 million Euros relating to share grants and stock options is equivalent, under IFRS accounting standards, to recognizing as an expense shares allocated over the past three years under policies adopted at the 2005 Shareholders' Meeting and the Fotolog profit sharing plan which was in place at acquisition.

The financial profit (-717,000 Euros) mainly reflects interest on bank loan to finance acquisitions completed during the half.

Lastly, significant improvement in profits over the last fiscal years has, for the first time, generated income taxes of 1.1 million Euros which weighed on net profit for the first half of the year (1 million Euros).

Robust Financial Structure

Long-term debt (30.7 million Euros) remains very contained in comparison to shareholders' equity (117 million Euros). Cash and cash equivalents amount to more than 19 million Euros, compared to 9.4 million Euros as of December 31, 2007.

Full Year Objectives and Medium-Term Development Plan Confirmed Net Rebound in Profitability Expected During Second Half of 2008

Publishing profitability will benefit from strategic development of Hi-Media's audiences, particularly proprietary audiences. While tight advertising market conditions are likely to prevail in the second half, strongly-accelerating growth in micro-payments is expected to help meet Hi-Media's revenue (turnover) objective of over 140 million Euros, with an operating profit in the 17-18 million Euros range before the cost of share grants.

Hi Media Confirms Medium Term Strategic Outlook

Following 2007, which demonstrated the powerful leverage of the Hi-Media model, 2008 will be a transition year. The investment program should accelerate Hi-Media's ongoing transformation into an integrated Internet media group: developing the proprietary audience, strengthening micro-payments by launching the electronic wallet and acquiring Mobile Trend represent significant progress toward the profit objective (expressed in current operating profit before cost of share grants) of 20% by 2012.

Financial calendar

Revenue and quarterly information for the third quarter of 2008 will be published on November 6, 2008.

The financial report relating to the period ended on 30 June 2008 is available on the company's website at http://www.hi-media.com/, under the section Corporate Information / Financial Communication.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy Hi-Media shares. If you wish to obtain further information about Hi-Media, please refer to our website http://www.hi-media.com/.

This press release may contain some forward-looking statements. Although Hi-Media considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements.

Hi-Media operates in a continually changing environment and new risks emerge continually. Hi-Media does not undertake and expressly disclaims any obligation to update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.

About Hi-Media:

Hi-Media now ranks among the world's biggest Internet publishers, with 30 million unique users ranking Hi-Media among the world's 100 leading Internet media groups (comScore). The Hi-Media audience is monetized by the Group's integrated advertising network and micro-payment platform, which also provide such services for third parties with more than 200,000 partner sites. Hi-Media is among Europe's leaders in interactive advertising and electronic micro-payments. The Group operates in 9 countries. Hi-Media is listed on the Euronext Paris Eurolist B and belongs to the SBF 250, CAC IT, and CAC Small 90 indices.

ISIN Code: FR0000075988 Site: http://www.hi-media.com/ Investor contact Cyril Zimmermann Chief Executive Officer David Bernard Executive Director General Tel: (33) 1 73 03 89 00 Fax: (33) 1 73 03 89 54 Email: infofin@hi-media.com Website: http://www.hi-media.com/ US Contact Andrei Bogolubov + 1 917-849-9300 Andrei,Bogolubov@newprgroup.com

Hi-Media Group

CONTACT: Investor contact, Cyril Zimmermann, Chief Executive Officer, or
David Bernard, Executive Director General, +33-1-73-03-89-00, or fax,
+33-1-73-03-89-54, infofin@hi-media.com, both of Hi-Media; or US Contact,
Andrei Bogolubov, +1-917-849-9300, Andrei,Bogolubov@newprgroup.com, for
Hi-Media

Web site: http://www.hi-media.com/

Omnicell to Present at Thomas Weisel Partners Healthcare Conference

MOUNTAIN VIEW, Calif., Aug. 28 /PRNewswire-FirstCall/ -- Omnicell, Inc. a leading provider of systems and software solutions targeting patient safety and operational efficiency in healthcare facilities, today announced that Randall A. Lipps, chairman, president & CEO and Rob Seim, vice president & CFO will present at the Thomas Weisel Partners Healthcare Conference 2008 at the Four Seasons in Boston, Mass., on Wednesday, September 3, 2008 at 4:25 p.m. Eastern Time.

A live audio-webcast of the presentation may be accessed by visiting the Thomas Weisel Partners Web site at: http://www.veracast.com/webcasts/twp/healthcare08/37115194.cfm.

About Omnicell

Omnicell, Inc. is a leading provider of systems and software solutions targeting patient safety and operational efficiency in healthcare facilities. Since 1992, Omnicell has worked to enhance patient safety and allow clinicians to spend more time with their patients.

Omnicell's medication-use product line includes solutions for the central pharmacy, nursing unit, operating room, and patient bedside. Solutions range from large central pharmacy "smart inventory" carousels to small handheld devices. From the point at which a medication arrives at the receiving dock to the time it is administered, Omnicell systems store it, package it, bar code it, order it, issue it, and provide information and controls on its use and reorder.

Our supply product lines provide a healthcare institution with fast, effective control of costs, capture of charges for payer reimbursement, and timely reorder of supplies. Products range from high-security closed-cabinet systems and software to open-shelf and combination solutions in the nursing unit, cath lab and operating room. For more information, visit http://www.omnicell.com/.

Omnicell, Inc.

CONTACT: Deborah Reinert of Omnicell, Inc., +1-650-251-6403,
deborah.reinert@omnicell.com; or Linda Capcara of LVA Communications,
+1-480-229-7090, linda@lva.com, for Omnicell, Inc.

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

Eligible Consumers in Nearly 40 Florida Communities Now Can Get Verizon's Fastest DSL-Based Internet ServiceHigh Speed Internet Service Offers Great Value With Reliable Downstream Speeds of up to 7 Megabits per Second

TAMPA, Fla., Aug. 28 /PRNewswire/ -- Qualifying consumers in nearly 40 Florida communities now have a new broadband option from Verizon that more than doubles the download speed of the company's current fastest digital subscriber line, or DSL, service and provides an appealing alternative to cable Internet.

Verizon's new, up to 7 megabits-per-second (Mbps) High Speed Internet service -- priced as low as $42.99 a month when ordered with an annual service plan -- now is available on more than 248,000 consumer lines in west-central Florida. This service gives Internet users the ability to download information at speeds up to 125 times faster than a 56 kilobits-per-second dial-up modem.

"Verizon 7 Megabit High Speed Internet is the way to go for qualifying residents in Florida who are looking for a better, more reliable alternative to high-priced cable Internet," said Michelle Robinson, Verizon's Southeast regional president. "Our super-fast DSL provides all the speed you need for everything you do online -- and at a more reasonable cost.

"For consumers who aren't yet able to order our FiOS Internet service but want the reliability and value of Internet access through Verizon, then our fastest High Speed Internet service is the answer," said Robinson.

Consumers can get more information on service availability, pricing and features by visiting http://www.verizon.com/highspeed or calling 1-800-567-6789. (NOTE: See end of release for a list of Florida communities where 7 Mbps High Speed Internet is available.)

About Verizon High Speed Internet

Verizon High Speed Internet service is delivered on a dedicated line from Verizon's central office to the customer's home and is backed by live, 24 x 7 customer service and technical support. High Speed Internet subscribers have access to an extensive collection of features and services, including:

-- Online protection with Verizon Internet Security Suite -- In one download, this comprehensive online protection suite provides anti-spyware, anti-virus, firewall, parental control, pop-up blocker and privacy manager protection that run continuously behind the scene. The suite automatically updates every three hours. Just set it and forget it. The cost is just $4.99 a month for use on up to three household computers.

-- Verizon Enhanced Email -- Expanded storage capacity -- up to 4 gigabytes -- lets customers store as much mail as they want for as long as they want on Verizon servers. Anywhere access -- from your mobile phone to your home e-mail account -- is easy, with select Get It Now-enabled phones from Verizon Wireless. Users can sign up for a complimentary rich Internet e-mail application to better organize their messages and contacts and send attachments of up to 25 megabytes.

-- Verizon Premium Tech Support -- A unique service that provides expert one-on-one assistance for a wide variety of issues like spyware, adware, viruses, hardware problems, computer operating systems and other issues not typically covered by Internet service providers. The service supports routers, network cards, video cards, sound cards, CD/DVD reader-writer, hard drives, flash memory systems, printers, scanners, gaming consoles, firewalls and more. The cost is $14.99 a month.

-- Online gaming from Verizon -- Play hundreds of the most popular PC games for free with Verizon Arcade, or choose from a variety of Verizon Games on Demand packages, including Family Place, a package that features more than 400 family-friendly casual games for just $7.99 a month.

-- Free entertainment for children of all ages with Disney Connection -- From activities, games and classic cartoons to movie previews, music videos and more, Disney Connection provides age-appropriate content for preschoolers, kids, teens and Disney enthusiasts. The content includes access to Playhouse Disney Preschool Time Online and Disney Game Kingdom Online.

-- Free news from ABC News Now -- A 24-hour news and information channel, ABC News Now delivers live breaking news, headlines every half hour, and more than 25 original news, lifestyle and entertainment programs such as "Politics Live," "What's the Buzz" and "Money Matters."

-- Free sports from ESPN360 -- The service offers programming that includes hundreds of hours of live games, analysis and exclusive content on- demand with exclusive access to the Internet's best events.

-- One-of-a-Kind NFL Experience Online -- Customers who subscribe to Verizon High Speed Internet and DIRECTV from Verizon enjoy the added benefit of free access to NFL Network Game Extra, a unique service that includes live, online broadcasts of Thursday and Saturday pro football games. Viewers of the online broadcasts will have access to alternate camera angles and live audio feeds and have the ability to view one of four camera angles, or all four angles simultaneously. The online service can be accessed anywhere in the world through any broadband connected computer.

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

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

Verizon's 7 mbps High Speed Internet is available to qualified consumers in parts of the following Florida communities and surrounding areas:

ANNA MARIA ISLAND HAINES CITY SARASOTA APOLLO BEACH LAKE WALES SIESTA KEY BAYSHORE/MACDILL AFB LAKELAND ST. PETERSBURG BRADENTON LAND O LAKES TAMPA BRADLEY JUNCTION LARGO TARPON SPRINGS BRANDON MADEIRA BEACH TEMPLE TERRACE DUNDEE NEW PORT RICHEY THONOTOSASSA CLEARWATER NORTH HAINES CITY TIERRA VERDE CLEARWATER BEACH OSPREY TREASURE ISLAND COUNTRYSIDE PALM HARBOR VENICE ENGLEWOOD PALMETTO WIMAUMA GULFSIDE/LONGBOAT KEY PINELLAS PARK WINTER HAVEN HUDSON SAFETY HARBOR

Verizon

CONTACT: Sharon Shaffer of Verizon, +1-215-963-6200,
sharon.b.shaffer@verizon.com

Web site: http://www.verizon.com/
http://www.verizon.com/highspeed

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

Cyberlux Corporation Awarded Additional U.S. Patent Claims for BrightEye / WatchDog Portable Light DevicesThe U.S. Patent Office grants 21 additional patent claims in Portable Light Device U.S. Patent Application

RESEARCH TRIANGLE PARK, N.C., Aug. 28 /PRNewswire-FirstCall/ -- Cyberlux Corporation (BULLETIN BOARD: CYBL) , a leading provider of LED lighting solutions, announced today that the U.S. Patent Office has recently awarded patent protection for 21 claims contained within the Company's U.S. Patent Application for Portable Light Device, Application Number 11/336,562 filed on January 21, 2006. The new patent claims define specific areas of patent protection for the Company's BrightEye and WatchDog portable lighting products and augment the 29 patent claims announced in May 2008. In combination, the 50 patent claims provide Cyberlux with thorough patent protection for its WatchDog and BrightEye family of tactical lighting products, as well as any future products developed on this patent foundation.

"Cyberlux continues to be a leader in solid-state LED lighting innovation, and these additional 21 patent claims will extend the scope of patent protection we have on our breakthrough tactical lighting systems. In addition, this patent foundation will provide the technical basis for future product development and new product engineering advances," said Mark Schmidt, president and chief executive officer for Cyberlux. "With the Company's continued focus on profitability and growth, the development of innovative, patentable solid-state LED lighting technology is a strategic imperative and a keystone component of our long-term growth."

The new claims awarded by the U.S. Patent Office address a lighting device comprised of an array of LEDs that operate in spot-light and flood-light modes of illumination, or in a spot-light/flood-light combined mode, with alterable intensity levels, controlled by an electrical power system and electrical sensor operation. Further, the new claims cover the user interface that allows the user to change operating modes continuously between spot-light and flood- light illumination and to display the battery power capacity on a percentage and time interval basis.

In addition, the claims address the specifics around the use of narrowing lenses as LED optics adapted to focus illumination in a cone angle between 4 and 50 degrees. This unique optical method and practice enable the spot-light and flood-light modes of illumination.

Lastly, the claims address the use of a computer and computer-executable programming instructions for operating a lighting device. The operations are defined as comprising the steps of sensing electrical power information, sensing modes of illumination information and sensing LED intensity information provided by a user via the user interface, directing the array of LEDs to operate in either a spot-light, flood-light or combined mode of illumination, directing the array of LEDs to operate at a desired intensity level, and displaying the power supply capacity message to the user based upon the sensed electrical power, mode of illumination and LED intensity information.

These newly awarded 21 patent claims provide Cyberlux with a deeper, more extensible intellectual property platform for the current tactical lighting system products and for future lighting systems currently under development. Importantly, the combined 50 patent claims create a significant licensing portfolio that will allow other companies access to these fundamental LED lighting capabilities.

About Cyberlux Corporation

Cyberlux Corporation (BULLETIN BOARD: CYBL) , a leader in solid-state lighting innovation, has developed breakthrough LED lighting technology that provides the most energy efficient and cost effective portable lighting solutions available today for military and commercial uses. The Military and Homeland Security products provide tactical covert and visible lighting capability and are designed as highly mobile, battery-powered lighting systems ideal for threat detection, force and asset protection and general expeditionary lighting needs. For more information, please visit http://www.cyberlux.com/ .

Investor Contact: Richard Brown, rbrown@cyberlux.com / 617-314-7379

This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, the Company's ability to expand its production capabilities concurrent with product orders. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2007 and its 10-Q for the quarter ended June 30, 2008. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Cyberlux Corporation

CONTACT: Investors: Richard Brown of Cyberlux Corporation,
+1-617-314-7379, rbrown@cyberlux.com

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

Universal Technical Institute to Present at the 8th Annual BMO Capital Markets Back to School Education Conference

PHOENIX, Aug. 28 /PRNewswire-FirstCall/ -- Universal Technical Institute, Inc. will be presenting at the 8th Annual BMO Capital Markets Back to School Education Conference at the Grand Hyatt Hotel in New York on Wednesday, September 10, 2008, at 1:45 p.m. Eastern time. Kim McWaters, President and Chief Executive Officer and Eugene Putnam, Executive Vice President and Chief Financial Officer will be presenting. A webcast of the presentation will be posted on the investor relations section of the UTI website at http://www.uti.edu/. An audio recording of the presentation will be archived and available following the event.

About Universal Technical Institute

Universal Technical Institute is a provider of technical education training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. The company offers undergraduate degree, diploma and certificate programs at 10 campuses across the United States, and manufacturer-sponsored advanced programs at 18 dedicated training centers. Through its campus-based school system, Universal Technical Institute offers specialized technical education programs under several well-known brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NTI).

Safe Harbor Statement

Statements in this news release concerning the future business, operating results and financial condition of the company are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based upon management's current expectations and are subject to a number of uncertainties that could cause actual performance and results to differ materially from the results discussed in the forward-looking statements. Factors that could affect the company's actual results include changes to federal and state educational funding, possible failure or inability to obtain regulatory consents and certifications for new or expanding campuses, potential increased competition, changes in demand for the programs offered by the company, increased investment in management and capital resources, the effectiveness of the company's recruiting, advertising and promotional efforts, changes to interest rates and low unemployment. Further information on these and other potential factors that could affect the company's financial results or condition may be found in the company's filings with the Securities and Exchange Commission, all of which are incorporated herein by reference. The company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

Universal Technical Institute, Inc.

CONTACT: Jenny Swanson, Director, Investor Relations of Universal
Technical Institute, Inc., +1-623-445-9351

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

Scripps Networks Interactive to participate in Merrill Lynch Media & Entertainment and Goldman Sachs Communacopia Conferences

CINCINNATI, Aug. 28 /PRNewswire-FirstCall/ -- Kenneth W. Lowe, chairman, president and chief executive officer, and Joseph G. NeCastro, executive vice president and chief financial officer, Scripps Networks Interactive Inc. , will discuss the company's business strategies in September at the Merrill Lynch Media & Entertainment Conference in Marina del Rey, Calif., and the Goldman Sachs Communacopia XVII Conference in New York City.

The Scripps Networks Interactive presentation during the Merrill Lynch conference will be webcast live Wednesday Sept. 10 at 11:15 a.m. PDT (2:15 p.m. EDT).

The company's presentation at the Goldman Sachs conference will be webcast live Thursday Sept. 18 at 9:30 a.m. EDT.

To access either webcast, visit http://www.scrippsnetworksinteractive.com/ and follow the Investor Relations link at the top of the page. A replay of each webcast will be available via the Investor Relations section of the Scripps Networks Interactive Web site for 30 days, respective to their live dates.

About Scripps Networks Interactive

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

Scripps Networks Interactive Inc.

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

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

AT&T Smartphones Get Smarter With Microsoft System Center Mobile Device Manager 2008Two Smartphones From AT&T Now Support New Enterprise-Grade Mobile Management Security and Remote Access Solution Via Windows Mobile 6.1 Downloads

DALLAS, Aug. 28 /PRNewswire-FirstCall/ -- AT&T Inc. today announced that the eagerly anticipated Microsoft System Center Mobile Device Manager 2008 (MDM) is now available to AT&T business customers who use smartphones running Windows Mobile 6.1. In conjunction with the availability of Mobile Device Manager, AT&T also announced today the availability of the MDM Early Adopter QuickStart Program that was developed cooperatively by AT&T and Enterprise Mobile and is an exclusive offering designed to assist AT&T customers with deploying the Microsoft mobility solution.

Mobile Device Manager is an enterprise-grade mobile device management solution that also provides security, mobile Virtual Private Network (VPN) and software distribution for Windows Mobile devices. Mobile Device Manager is natively supported by the latest version of the Windows Mobile operating system, Windows Mobile 6.1. Windows Mobile 6.1 is now available for free download to AT&T Tilt(TM) and MOTO Q(TM) Global smartphones from AT&T, which has the broadest portfolio of Windows Mobile devices of any U.S. carrier. Additional new smartphones launched by AT&T later this year will feature Windows Mobile 6.1 with support for Mobile Device Manager.

With Mobile Device Manager, AT&T customers using Windows Mobile 6.1 smartphones now have secured access to applications, files, corporate data and other information that is located on the corporate network and previously inaccessible without a secure VPN connection. For example, customers can now access information such as price sheets, marketing collateral and legal documents on the corporate network -- items that were often previously available only through PCs or laptops.

Mobile Device Manager also gives the corporate information technology (IT) departments of AT&T customers that use Microsoft software's new security and management tools that work well with existing infrastructure investments, such as Active Directory and SQL Server. Mobile Device Manager's tight integration into Active Directory extends group policy management capabilities to Windows Mobile smartphones. This integration allows IT managers to manage smartphones similar to the way they manage desktop computers, making them first-class citizens on the corporate network.

"Quite simply, Mobile Device Manager will allow our corporate customers to get significantly more value from their Windows Mobile phone deployments," said Michael Woodward, vice president, Business Voice/Data and Wireless Products for AT&T's wireless operation. "Through Mobile Device Manager, our customers' mobile employees now have access to a greater degree of information through their smartphones to make them even more productive, while also providing at the IT level the security and device management capabilities that our customers require."

Stephanie Ferguson, general manager, Mobile Communications Business, Microsoft Corp., said: "Microsoft is committed to providing businesses with powerful, familiar and flexible mobile solutions, and we've extended the management capabilities for IT professionals with Mobile Device Manager. We applaud AT&T and Enterprise Mobile for creating the Early Adopter QuickStart Program so that their business customers can more immediately deploy and benefit from Mobile Device Manager and Windows Mobile 6.1 phones."

The deployment process for Mobile Device Manager can be made much more efficient through the MDM Early Adopter QuickStart Program from Enterprise Mobile, a Watertown, Mass.-based company that develops, deploys and manages solutions based on the Windows Mobile platform.

The MDM Early Adopter QuickStart Program enables enterprises to try Mobile Device Manager's unique abilities to manage mobile devices, define access rights, provide additional security features for data transmissions, coordinate over-the-air software updates and protect the corporate network from unauthorized access. Using the program, customers can define their mobility management and security requirements and build a "test" scenario as well as deploy a proof of concept for evaluating and testing within their environment.

"As organizations chart a course for wider rollout of mobility strategies, device management continues to emerge as one of the biggest challenges," said Mort Rosenthal, chairman and chief executive officer of Enterprise Mobile. "Microsoft System Center Mobile Device Manager 2008 provides enterprises with the technology infrastructure to overcome this challenge. This robust technology platform coupled with AT&T and Enterprise Mobile's MDM Early Adopter QuickStart Program allows enterprises to determine their mobility management and security requirements and develop a customized mobility strategy to ensure a successful enterprise-wide mobility rollout."

Microsoft System Center Mobile Device Manager 2008 is available through Microsoft resellers. The MDM Early Adopter QuickStart Program is available through a co-sale arrangement between AT&T and Enterprise Mobile.

For the complete array of AT&T offerings, visit http://www.att.com/. About AT&T

AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information and detailed disclaimer information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

AT&T Inc.

CONTACT: John Kampfe of AT&T Inc., +1-732-420-9035, cell,
+1-908-432-3473, john.kampfe@att.com

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

Next Inning Technology Updates Outlooks for Applied Materials, Hewlett-Packard, EMC, and Qualcomm

PRINCETON, N.J., Aug. 28 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it has updated outlooks for Applied Materials , Hewlett-Packard , EMC , and Qualcomm .

Next Inning published an extensive strategy review by editor Paul McWilliams that provides readers with a unique insight into the macroeconomic landscape for technology companies and his views as to when we can expect the next rally. In this report, he outlines exactly why tech stocks have come under pressure recently and what stocks he thinks investors should buy now in preparation for the next rally. To accept this invitation, click or copy/paste the following link into your browser's address bar:

https://www.nextinning.com/subscribe/index.php?refer=prn706

In his special Strategy Review, McWilliams wrote: "As much as I like all the CEOs of all the companies noted here as proxies, Mark Hurd may be the best of all; what he's accomplished with Hewlett-Packard since taking it over is nothing short of miraculous and, in my view, it just keeps getting better. As I predicted in my earnings preview this week, Hewlett-Packard handily topped expectations again..."

McWilliams also looks at these topics:

-- Has Applied Materials' expansion into adjacent markets made it less vulnerable to cyclical trends? At what price would McWilliams add shares?

-- Has EMC's CEO made the right moves in overseeing spin-off VMWare? Does McWilliams see more upside for EMC from here?

-- Is Wall Street overly worried about Hewlett-Packard's acquisition of EDS? Does McWilliams expect Hewlett-Packard to leverage the deal favorably?

-- What important long-term story for Qualcomm is Wall Street missing?

Founded in September 2002, Next Inning's model portfolio has returned 229% since its inception versus 84% for the Nasdaq.

About Next Inning:

Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.

NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

CONTACT: Marcie Martin Next Inning Technology Research, +1-888-278-5515

Indie Research Advisors, LLC

CONTACT: Marcie Martin of Next Inning Technology Research,
+1-888-278-5515

Web site: http://www.nextinning.com/
https://www.nextinning.com/subscribe/index.php?refer=prn706

page 1     page 2     page 3    

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