Hertz Europe Selects CyberSource Payer Authentication Service

READING, England, Aug. 28 /PRNewswire/ -- CyberSource Ltd., a leading provider of electronic payment and risk management solutions, today announced that it is supplying its Payer Authentication service to Hertz Europe, Ltd. CyberSource Payer Authentication Service gives Hertz access to the online payment verification offered by both Verified by Visa and MasterCard SecureCode programs through a single connection to CyberSource. Both programs require Hertz customers to supply a separate password linked to their bank card during checkout, an added layer of security for buyer and seller.

(Logo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO)

Hertz is one of the world's largest vehicle renting companies and operates from 8,100 locations in 145 countries worldwide. The organization is committed to providing customers with a safe and swift online reservation experience. CyberSource's solution is now fully integrated with the Hertz Europe website, helping to authenticate web bookings and maintain customer confidence.

Lesley Lindberg, vice president, marketing at Hertz, said, "We are constantly reviewing our online reservation processes as part of an ongoing commitment to payment security and improved customer service. CyberSource's Payer Authentication Service is flexible enough to integrate fully with our existing eCommerce systems, maintaining a streamlined consumer experience."

Simon Stokes, managing director at CyberSource, said, "CyberSource's robust and scalable payment and risk management solutions have a strong reputation in the travel sector. We are delighted that yet another major brand in the sector has selected us to help them deliver enhanced security with the best possible customer experience."

To learn more about CyberSource's Risk Management solutions, see http://www.cybersource.com/products_and_services/risk_management/.

About CyberSource Ltd.

CyberSource Ltd. is a wholly-owned subsidiary of CyberSource Corporation . CyberSource is a leading provider of electronic payment and risk management solutions. CyberSource solutions enable electronic payment processing for web, call centre, and point-of-sale environments. CyberSource also offers industry leading risk management solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimizes commerce transaction processing systems. Over 238,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average. The company is headquartered in Mountain View, California, and has sales and service offices in Japan, the United Kingdom, and other locations in the United States including Bellevue, Washington and American Fork, Utah. For more information, please visit the CyberSource Ltd. web site at http://www.cybersource.co.uk/ or email uk@cybersource.com.

(C)2008 CyberSource Corporation. All rights reserved. CyberSource is a registered trademark in the U.S. and other countries. All other brands and product names are trademarks or registered trademarks of their respective companies.

Photo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com CyberSource Ltd.

CONTACT: UK, Rosie Leishman, +44 (0) 118-929-4855,
rleishman@cybersource.com, or US, Bruce Frymire, +1-650-965-6042,
bfrymire@cybersource.com, for CyberSource Ltd.

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

QTRAX Leverages Cloud Computing to Achieve Breakthrough Load TestSOASTA CloudTest Lab(TM) Enables QTRAX to Load Test 100,000 Virtual Users

MOUNTAIN VIEW, Calif., Aug. 28 /PRNewswire/ -- SOASTA, the leading provider of cloud-based testing solutions, and QTRAX, a new free digital music service, today announced a significant breakthrough in the load testing of web applications in the Cloud. SOASTA CloudTest Lab, running in Amazon EC2, simulated 100,000 virtual users against QTRAX's soon to be launched digital music service. The test required approximately 100 test servers that were located in SOASTA CloudTest Lab. SOASTA CloudTest Lab produced a complete set of performance analytics that provided QTRAX with metrics on how their web application responded under heavy load -- allowing them to optimize their application configuration far in advance of their public launch.

SOASTA CloudTest Lab, with access to over 1,000 test servers available on demand, enables companies of all sizes to quickly and affordably simulate high volumes of web traffic to test web site performance. What would have cost hundreds of thousands of dollars and take weeks to execute, is now easily achievable within an hour and for a fraction of the cost.

"We anticipate our service to be extremely popular with traffic and music content from around the world. We needed an affordable testing solution to make sure we deliver according to our own and our future customers' expectations," said Christopher Roe, CTO, QTRAX. "SOASTA helped us to check and quantify the performance of our service so we can ensure a successful user experience no matter how heavy the traffic."

SOASTA CloudTest provides engineers with a 24x7x365 virtual test lab at their fingertips. The combination of a scalable hardware architecture with leading edge web testing technology enables the testing of every layer of a web application or service. It delivers immediate value, scales seamlessly up or down with testing needs, and does not require investment in a cost prohibitive testing infrastructure. SOASTA CloudTest natively supports every testing type including Load, Performance, Functional, and Web UI/Ajax.

"We are enabling a new way of testing with the combination of our SOASTA CloudTest solution and the virtual computing resources of cloud computing," said Tom Lounibos, CEO, SOASTA. "A load test of this scale has never been done so quickly and affordably. As businesses continue to use the web as their main sales channel, cloud computing's on-demand, scalable infrastructure is key in the way we develop, deploy and manage web applications."

About SOASTA

SOASTA, Inc. is the leading provider of cloud-based testing solutions. SOASTA's mission is to ensure that today's web applications and services perform in a high quality, scalable, and predictable manner. The company's product, SOASTA CloudTest(TM), is available as an on demand virtual test lab in the cloud or as an appliance (virtual or hardware), and enables developers to test and monitor their Web applications and services at an affordable price. SOASTA CloudTest supports Load, Performance, Functional, and Web UI/Ajax testing. SOASTA is privately held and headquartered in Mountain View, California. For more information about SOASTA, please visit http://www.soasta.com/ or contact sales@soasta.com for a Webex demonstration.

About QTRAX (http://www.qtrax.com/)

QTRAX (http://www.qtrax.com/) is an innovative, legal digital music service that is free to fans. QTRAX showcases an innovative ad-supported delivery model that easily directs revenue back to artists and rights holders. QTRAX is available for browsing now and soon will provide fans with access to a colorful and diverse catalog with millions of high-quality digital music files representing the broadest artist-based fan-directed array of products available anywhere. Based in New York City, QTRAX is a subsidiary of Brilliant Technologies Corporation , a publicly traded technology holding company.

(C)SOASTA, Inc. 2008. SOASTA, SOASTA CloudTest, and SOASTA CloudTest Lab are trademarks of SOASTA, Inc. All other trademarks are the property of their respective owners.

SOASTA, Inc.

CONTACT: Lisa Bergamo of SOASTA, Inc., +1-650-380-9250,
lbergamo@soasta.com

Web site: http://www.soasta.com/
http://www.qtrax.com/

Seagate to Participate in Upcoming Investor Conference

SCOTTS VALLEY, Calif., Aug. 28 /PRNewswire-FirstCall/ -- Seagate Technology today announced that it will participate in the following investor conference:

Event: Needham & Company's Second Annual HDD Investor Day Date: Thursday, September 4, 2008 Time: Presentation -- 8:15 a.m. ET Location: New York, NY

Live and archived audio webcast of these events will be available from Seagate's Investor Relations website at seagate.com.

About Seagate

Seagate is the worldwide leader in the design, manufacture and marketing of hard disc drives and storage solutions, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, with the goal of being the time-to-market leader in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at http://www.seagate.com/

Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC.

Seagate Technology

CONTACT: investors, Rod Cooper, +1-831-439-2371, rod.cooper@seagate.com,
or media, Brian Ziel, +1-831-439-5429, brian.ziel@seagate.com, both of Seagate
Technology

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

GigaMedia Sells Legacy ISP Business; One-Time Gain Expected

HONG KONG, Aug. 28 /Xinhua-PRNewswire-FirstCall/ -- GigaMedia Limited announced today the sale of its legacy cable and corporate Internet service provider ("ISP") business, consistent with GigaMedia's focus on the high-margin, high-growth online entertainment sector.

China Network Systems and its affiliates purchased the consumer cable modem and corporate ISP business from GigaMedia for total consideration of as much as $25 million, including approximately $20 million in cash upon closing of the transaction, subject to certain price adjustments, and an additional amount of up to $5 million upon achievement of certain performance benchmarks during the two-year period following the transaction closing.

GigaMedia expects the sale to close shortly, following customary regulatory approvals, and to record a one-time gain of approximately $8 million as a result of the transaction.

"The broadband ISP business was the final legacy of the old GigaMedia, a non-core asset we are happy to dispose of," stated GigaMedia Limited President Thomas Hui. "This disposal will allow us to allocate management resources and capital to our core entertainment businesses and accelerate growth."

This disposal of the last remaining ISP business units effectively concludes GigaMedia's strategic restructuring begun after the arrival of a new management team in 2004.

About GigaMedia

GigaMedia Limited (Singapore registration number: 199905474H) is a major provider of online entertainment software and services. GigaMedia develops and licenses software for online gaming. GigaMedia also operates online games businesses including FunTown, a leading Asian casual games operator and the world's largest online MahJong game site in terms of revenue, and T2CN, a leading online sports game operator in China. More information on GigaMedia can be obtained from http://www.gigamedia.com.tw/ .

The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in June 2008.

For further information contact: Brad Miller, Investor Relations Director Tel: +886-2-2656-8016 Email: brad.miller@gigamedia.com.tw

GigaMedia Limited

CONTACT: Brad Miller, +886-2-2656-8016, brad.miller@gigamedia.com.tw

Web site: http://www.gigamedia.com.tw/

Micrel's HyperLight Load(TM) Technology Enables Lightning Fast, Minuscule Solutions for Handheld Systems

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

Micrel Inc., (Nasdaq: MCRL), an industry leader in analog, high bandwidth communications and Ethernet IC solutions, today launched the MIC23030 and MIC23031, the newest additions to the HyperLight Load(TM) family of synchronous step-down regulators. The patented architecture implemented in the MIC23030/1 delivers state-of-the-art transient performance and just 3mV of output voltage ripple for portable products. The regulators have internal MOSFETs able to deliver up to 400 milliA output current while consuming just 21 microA of quiescent current inside a tiny 1.6mm x 1.6mm Thin MLF(R) package. These HyperLight Load(TM) step-down regulators achieve up to 93 percent peak efficiency and an impressive 88 percent efficiency under a 1milliA load. The MIC23030/1 are currently available in adjustable, and fixed output options of 1.0V, 1.2V, 1.5V, and 1.8V with pricing starting at US$0.55 for 1K quantities. Samples are available on the Micrel web site: http://www.micrel.com/index.do

"The MIC23030 and MIC23031 go beyond the competition by offering best-in-class combination of efficiency, size and transient response," noted Andy Khayat, Micrel's director of marketing for portable products. "Portable system designers continue to optimize power efficiency to extend battery life while delivering high performance features customers demand. Micrel's patented HyperLight Load(TM) architecture provides very high efficiency for low power modes and fast load transient response to maintain the precise supply rail voltages when power demand increases."

The MIC23030 and MIC23031 require just three external components and operate at 8MHz and 4MHz respectively for the MIC23030 and MIC23031, these devices support a solution footprint of just 27mm(2) and 29mm(2) both under 0.6mm in height. Featuring an operating input supply range from 2.7V to 5.5V, both regulators are suitable for applications powered by single cell Li-Ion battery or 5VDC source such as a USB port. Output accuracy is an impressive +/- 2.5 percent over the operating junction temperature range of -40 degrees C to +125 degrees C. Internal protection features include under voltage lockout, current limit and thermal shutdown.

About Micrel, Inc.

Micrel Inc., is a leading global manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. The Company's products include advanced mixed-signal, analog and power semiconductors; high performance communication, clock management, Ethernet switch and physical layer transceiver ICs. Company customers include leading manufacturers of enterprise, consumer, industrial, mobile, telecommunications, automotive, and computer products. Corporation headquarters and state-of-the-art wafer fabrication facilities located in San Jose, CA with regional sales and support offices and advanced technology design centers situated throughout the Americas, Europe and Asia. In addition, the Company maintains an extensive network of distributors and reps worldwide. Web: http://www.micrel.com.

Note: MLF is a registered trademark of Amkor Technology. HyperLight load is a trademark of Micrel, Inc.

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

Micrel Inc.

Julieanne DiBene, Marketing Communications of Micrel Inc., +1-408-474-1276, Julie.DiBene@Micrel.com

Global Crossing Joins MEFWill promote alignment between emerging industry standards and the company's suite of Ethernet Services

FLORHAM PARK, N.J., Aug. 28 /PRNewswire-FirstCall/ -- Global Crossing , a leading global IP solutions provider, today announced it has become a member of the Metro Ethernet Forum (MEF). The MEF is a global industry alliance comprising more than 150 organizations including telecommunications service providers, cable operators, multi-service operators (MSOs), network equipment and test vendors, software manufacturers, semiconductors vendors and testing organizations. Its mission is to accelerate the worldwide adoption of Carrier-class Ethernet networks and services by developing technical specifications and implementation agreements to promote interoperability and deployment of Carrier Ethernet worldwide.

IDC predicts the market for U.S. Carrier Ethernet services will grow to $6 billion in 2012 with a compound annual growth rate (CAGR) of 36 percent from 2007 to 2012.

"By actively participating in the decision-making processes of the MEF, Global Crossing can influence the implementation of emerging standards and promote alignment with the company's suite of Ethernet Services -- both existing and new," said Gary Breauninger, Global Crossing's chief marketing officer. "By working to build consensus among service providers, equipment vendors and end customers, we can facilitate the delivery of Ethernet services and further the exciting evolution of Carrier Ethernet-based core, metro and access networks."

"We are pleased to have Global Crossing join the MEF membership ranks," said Nan Chen, MEF president. "Critical to the MEF's success to date has been the outstanding participation from our growing stable of global service provider members. We look forward to substantial contributions from the Global Crossing team as we continue to embark on important initiatives that enable the growth of Carrier Ethernet globally."

Global Crossing's current Ethernet services include Global Crossing Ethersphere(TM) for Point-to-Multipoint and Multipoint-to-Multipoint applications; Global Crossing Etherline(TM) for Point-to-Point applications; and Global Crossing EtherWave(sm) for point-to-point connectivity over a fiber-optic network using Dense Wavelength Division Multiplexing (DWDM) at 10 Gigabits per second (10 Gbps). Global Crossing also offers Ethernet Access Services for seamless end-to-end Ethernet connectivity. Other services are in development.

"The U.S. market for Carrier Ethernet services is growing dramatically," said Boyd Chastant, research director for Advanced Network Services at IDC. "Ethernet is increasingly used by customers to connect new sites and support new applications and initiatives. Ethernet is displacing legacy services such as private line, frame relay and ATM. As an access solution, it is also enabling VPN and DIA services."

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 Tom Topalian + 1 973 937 0153 thomas.topalian@globalcrossing.com Fernanda Marques Latin America + 55 11 3957 2042 fernanda.marques@globalcrossing.com Analysts/Investors Contact Suzanne Lipton + 1 800 836 0342 glbc@globalcrossing.com GEN/PR1

Global Crossing

CONTACT: Press: Tom Topalian, +1-973-937-0153,
thomas.topalian@globalcrossing.com, or Fernanda Marques, Latin America,
+55-11-3957-2042, fernanda.marques@globalcrossing.com, or Analysts-Investors:
Suzanne Lipton, +1-800-836-0342, glbc@globalcrossing.com, all of Global
Crossing

Web site: http://www.globalcrossing.com/
http://blogs.globalcrossing.com/

OTI Reports FY 2008 First Half and Second Quarter Financial Results- First Half Revenues of $20.3 Million Compared to $20.6 Million in First Half of 2007;- Second Quarter Compared to First Quarter 2008: Revenues Up 18% to $11 million; Gross Margin Climbed to 39% from 32%; Non-GAAP Net Loss Down 35% to $3.1 Million; GAAP Net Loss Down 17% to 5.7 Million

FORT LEE, N.J., Aug. 28 /PRNewswire-FirstCall/ -- On Track Innovations Ltd. (OTI) , a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced its consolidated financial results for the first half and second quarter ended June 30, 2008. Revenues for the first half were $20.3 million, compared to $20.6 million during the first half of 2007. Second quarter revenues increased by 18% to $11 million compared to $9.3 million in the first quarter of 2008. Gross margin for the first half was 36%, compared to 41% for the first half of 2007. Second quarter gross margin increased to 39% from 32% in the first quarter of 2008. First half net loss on a GAAP basis was $12.5 million. Net loss on a Non-GAAP basis for the first half was $8 million. Net loss on a GAAP basis for the second quarter decreased by 17% to $5.7 million compared to $6.8 million in the first quarter of 2008. On a non-GAAP basis, net loss significantly decreased by 35% in the second quarter to $3.1 million from $4.8 million in the preceding quarter. See below for a reconciliation of GAAP to non-GAAP information.

"These results are due to a shift in the revenue mix in the payment sector from components intended for the US contactless card payments market to greater sales of readers, solutions for the mass transit market, EasyPark and more, as well as contactless payments in non-US markets," said Oded Bashan, OTI Chairman and CEO.

Mr. Bashan continued: "We continue to focus on controlling and reducing our operating expenses to the most efficient and effective level required to carry out our current and pending pipeline of projects for 09' and 10'. While we have steadily reduced headcount, the resultant savings take two to three quarters to show up in the P& L. We continue to shift our focus toward high margin projects with recurring revenues combined with commercial rollouts. We believe our actions will pave a clear path to profitability for OTI. We continue to have a strong and healthy balance sheet with $110 Million in total assets and $34.3 Million in cash, cash equivalents, and short term investments."

"As we've indicated before, it is our belief that most of the significant delays are behind us and we are confident about the Company's growth," said Mr. Bashan. "We still believe that 2008 will be a turning point for OTI in terms of showing a clear path to profitability and will reflect revenue growth of about 10% over 2007, with most of the growth expected in the fourth quarter of the year."

Conference call and Webcast Information

The Company has scheduled a conference call and simultaneous Webcast for Thursday, August 28, 2008, which will be hosted by Oded Bashan, Chairman and CEO, Ohad Bashan, President, and Guy Shafran, CFO, for 9:30 AM EDT to discuss operating results and future outlook. To participate, call: 1-866-345-5855 (U.S. toll free), 1-800-270-345 (Israel toll free), 0-800-182-6846 (Germany toll free). To listen to the Webcast, use the following link: http://www.otiglobal.com/content.aspx?id=226

For those unable to participate, the teleconference will be available for replay until midnight September 4th, by calling U.S.: 1-877-456-0009 on the web at: http://www.otiglobal.com/content.aspx?id=226

Use of Non-GAAP Financial Information

In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, OTI uses non-GAAP measures of gross profit, net income and earnings per share, which are adjustments from results based on GAAP to exclude non-cash equity-based compensation charges in accordance with SFAS 123(R) and EITF 96-18, and amortization of intangible assets in 2008 and exclude non-cash equity-based compensation charges in accordance with SFAS 123(R), and amortization of intangible assets in 2007 . OTI management believes the non-GAAP financial information provided in this release provides meaningful supplemental information regarding our performance and enhances the understanding of the Company's on-going economic performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Management uses both GAAP and non-GAAP information in evaluating and operating the business and as such deemed it important to provide all this information to investors.

About OTI

Established in 1990, OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.

For more information on OTI, visit http://www.otiglobal.com/, the content of which is not part of this press release.

OTI Contact: Investor Relations: Galit Mendelson Paul Holm Vice President of Corporate Relations portfoliopr 201 944 5200 ext. 111 212 888 4570 galit@otiglobal.com paulh@portfoliopr.biz Safe Harbor for Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations. For example, when we discuss our continuing focus on controlling and reducing our operating expenses, or the shift of our focus toward high margin projects with recurring revenues combined with commercial rollouts, or our belief that our actions will pave a clear path to profitability for OTI, or our belief that most of the significant delays are behind us and we are confident about our growth, or that 2008 will be a turning point for us in terms of showing a clear path to profitability and will reflect a revenue growth of about 10% over 2007, with most of the growth expected in the fourth quarter of the year, we are using a forward looking statement. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. Forward-looking statements could be impacted by the effects of the protracted evaluation and validation period in the U.S. contactless payment cards market, our inability to successfully integrate the purchase of assets of SuperCom or to otherwise achieve the expected benefits of the acquisition, to close to due a failure to satisfy closing conditions, market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2007, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Except as otherwise required by law, OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.

ON TRACK INNOVATIONS LTD CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (In thousands, except share and per share data) Six months ended June 30 Three months ended June 30 2008 2007 2008 2007 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues Sales $18,948 $19,289 $10,202 $9,791 Licensing and transaction fees 1,338 1,325 763 448 Total revenues 20,286 20,614 10,965 10,239 Cost of revenues Cost of sales 13,041 12,207 6,703 5,865 Total cost of revenues 13,041 12,207 6,703 5,865 Gross profit 7,245 8,407 4,262 4,374 Operating expenses Research and development 5,901 5,153 2,904 2,559 Selling and marketing 5,175 4,061 2,798 2,189 General and administrative 7,349 7,047 3,755 3,239 Amortization of intangible assets 658 657 329 329 Total operating expenses 19,083 16,918 9,786 8,316 Operating loss (11,838) (8,511) (5,524) (3,942) Financial income (expense), net (566) 1,191 (90) 594 Other expense, net - (111) - - Loss before taxes on income and minority interests (12,404) (7,431) (5,614) (3,348) Taxes on income 122 131 59 65 Minority interest - 190 - 148 Equity in loss of affiliate (250) (162) (127) (42) Net loss (12,532) (7,272) (5,682) (3,177) Basic and diluted net loss per ordinary share $(0.64) $(0.39) $(0.29) $(0.17) Weighted average number of ordinary shares used in computing basic and diluted net loss per ordinary share 19,708,825 18,641,927 19,861,051 18,942,626 ON TRACK INNOVATIONS LTD RECONCILIATION BETWEEN GAAP TO NON-GAAP STATEMENT OF OPERATIONS (In thousands, except share and per share data) Six months ended June 30, 2008 GAAP Adjustments Non-GAAP Revenues Sales $ 18,948 - $ 18,948 Licensing and transaction fees 1,338 - 1,338 Total revenues 20,286 20,286 Cost of Revenues Cost of sales 13,041 (30)(a) 13,011 Total cost of revenues 13,041 (30) 13,011 Gross profit 7,245 30 7,275 Operating Expenses Research and development 5,901 (1,735)(a) 4,166 Selling and marketing 5,175 (925)(a) 4,250 General and administrative 7,349 (1,225)(a) 6,124 Amortization of intangible assets 658 (658)(b) - Total operating expenses 19,083 (4,543) 14,540 Operating loss (11,838) 4,573 (7,265) Financial expenses, net (566) - (566) Loss before taxes on income and minority interests (12,404) 4,573 (7,831) Taxes on income 122 - 122 Equity in loss of affiliate (250) - (250) Net loss $(12,532) $4,573 $(7,959) Basic and diluted net loss per ordinary share $ (0.64) $0.24 $(0.40) Weighted average number of ordinary shares used in computing basic and diluted net loss per ordinary share 19,708,825 19,708,825 (a) The effect of stock-based compensation in accordance with SFAS 123(R) and EITF 96-18. (b) The effect of amortization of intangible assets. ON TRACK INNOVATIONS LTD RECONCILIATION BETWEEN GAAP TO NON-GAAP STATEMENT OF OPERATIONS (In thousands, except share and per share data) Three months ended June 30, 2008 GAAP Adjustments Non-GAAP Revenues Sales $10,202 - $ 10,202 Licensing and transaction fees 763 - 763 Total revenues 10,965 10,965 Cost of Revenues Cost of sales 6,703 (15)(a) 6,688 Total cost of revenues 6,703 (15) 6,688 Gross profit 4,262 15 4,277 Operating Expenses Research and development 2,904 (930)(a) 1,974 Selling and marketing 2,798 (635)(a) 2,163 General and administrative 3,755 (651)(a) 3,104 Amortization of intangible assets 329 (329)(b) - Total operating expenses 9,786 (2,545) 7,241 Operating loss (5,524) 2,560 (2,964) Financial expenses, net (90) - (90) Loss before taxes on income and minority interests (5,614) 2,560 (3,054) Taxes on income 59 - 59 Equity in loss of an affiliate (127) - (127) Net loss $(5,682) $2,560 $(3,122) Basic and diluted net loss per ordinary share $(0.29) $0.13 $(0.16) Weighted average number of ordinary shares used in computing basic and diluted net loss per ordinary share 19,861,051 19,861,051 (a) The effect of stock-based compensation in accordance with SFAS 123( R ) and EITF 96-18. (b) The effect of amortization of intangible assets. RECONCILIATION BETWEEN GAAP TO NON-GAAP STATEMENT OF OPERATIONS (In thousands, except share and per share data) Six months ended June 30, 2007 GAAP Adjustments Non-GAAP Revenues Sales $19,289 - $ 19,289 Licensing and transaction fees 1,325 - 1,325 Total revenues 20,614 20,614 Cost of Revenues Cost of sales 12,207 (24)(a) 12,183 Total cost of revenues 12,207 (24) 12,183 Gross profit 8,407 24 8,431 Operating Expenses Research and development 5,153 (1,061)(a) 4,092 Selling and marketing 4,061 (168)(a) 3,893 General and administrative 7,047 (1,038)(a) 6,009 Amortization of intangible assets 657 (657)(b) 0 Total operating expenses 16,918 (2,924) 13,994 Operating loss (8,511) 2,948 (5,563) Financial income, net 1,191 - 1,191 Other expenses, net (111) - (111) Loss before taxes on income and minority interests (7,431) 2,948 (4,483) Taxes on income 131 - 131 Minority interests 190 - 190 Equity in loss of an affiliate (162) - (162) Net loss $(7,272) $2,948 $(4,324) Basic and diluted net loss per ordinary share $(0.39) $0.16 $(0.23) Weighted average number of ordinary shares used in computing basic and diluted net loss per ordinary share 18,641,927 18,641,927 (a) The effect of stock-based compensation in accordance with SFAS 123( R ). (b) The effect of amortization of intangible assets. RECONCILIATION BETWEEN GAAP TO NON-GAAP STATEMENT OF OPERATIONS (In thousands, except share and per share data) Three months ended June 30, 2007 GAAP Adjustments Non-GAAP Revenues Sales $9,791 - $ 9,791 Licensing and transaction fees 448 - 448 Total revenues 10,239 10,239 Cost of Revenues Cost of sales 5,865 (13)(a) 5,852 Total cost of revenues 5,865 (13) 5,852 Gross profit 4,374 13 4,387 Operating Expenses Research and development 2,559 (574)(a) 1,985 Selling and marketing 2,189 (96)(a) 2,093 General and administrative 3,239 (319)(a) 2,920 Amortization of intangible assets 329 (329)(b) 0 Total operating expenses 8,316 (1,318) 6,998 Operating loss (3,942) 1,331 (2,611) Financial income, net 594 - 594 Other expenses, net - - - Loss before taxes on income and minority interests (3,348) 1,331 (2,017) Taxes on income 65 - 65 Minority interests 148 - 148 Equity in loss of an affiliate (42) - (42) Net loss $(3,177) $1,331 $(1,846) Basic and diluted net loss per ordinary share $(0.17) $0.07 $(0.10) Weighted average number of ordinary shares used in computing basic and diluted net loss per ordinary share 18,942,626 18,942,626 (a) The effect of stock-based compensation in accordance with SFAS 123( R ). (b) The effect of amortization of intangible assets. ON TRACK INNOVATIONS LTD CONDENSED CONSOLIDATED BALANCE SHEET (In thousands, except share and per share data) June 30 December 31 2008 2007 (Unaudited) (Audited) Assets Current Assets Cash and cash equivalents $ 12,131 $ 35,470 Short-term investments 22,218 6,379 Trade receivables (net of allowance for doubtful accounts of $ 2,813 and $2,767 as of June 30, 2008 and December 31, 2007) 6,743 8,028 Other receivables and prepaid expenses 3,913 3,636 Inventories 12,915 13,242 Total current assets 57,920 66,755 Severance Pay Deposits Fund 2,007 1,576 Investment In An Affiliated Company 1,300 1,382 Property, Plant and Equipment, Net 19,986 20,851 Intangible Assets, Net 4,665 4,509 Goodwill 24,217 23,387 Total Assets $110,095 $118,460 ON TRACK INNOVATIONS LTD CONDENSED CONSOLIDATED BALANCE SHEET (In thousands, except share and per share data) June 30 December 31 2008 2007 (Unaudited) (Audited) Liabilities and Shareholders' Equity Current Liabilities Short-term bank credit and current maturities of long-term bank loans $5,952 $5,336 Trade payables 7,650 10,291 Other current liabilities 5,171 5,344 Total current liabilities 18,773 20,971 Long-Term Liabilities Long-term loans, net of current maturities 2,354 2,432 Accrued severance pay 4,802 3,981 Deferred tax liabilities 788 728 Total long-term liabilities 7,944 7,141 Total liabilities 26,717 28,112 Shareholders' Equity Ordinary shares of NIS 0.1 par value: authorized - 50,000,000 shares as of June 30, 2008 and December 31, 2007; issued 20,641,025 and 19,627,068 shares as of June 30, 2008 and December 31, 2007, respectively; Outstanding 20,525,709 and 19,434,011 as of June 30, 2008 and December 31, 2007, respectively 484 454 Additional paid-in capital 179,783 174,494 Accumulated other comprehensive income 1,089 846 Accumulated deficit (97,978) (85,446) Total shareholders' equity 83,378 90,348 Total Liabilities and Shareholders' $110,095 $118,460 Equity ON TRACK INNOVATIONS LTD CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (In thousands, except share and per share data) Six months ended June 30 2008 2007 (Unaudited) (Unaudited) Cash flows from operating activities Net loss $(12,532) $(7,272) Adjustments required to reconcile net loss to net cash used in operating activities: Stock-based compensation related to options and shares issued to employees and others 3,916 2,693 Equity in loss of affiliate 250 162 Amortization of intangible assets 658 657 Depreciation 1,707 1,184 Minority interests - (190) Accrued severance pay, net 390 203 Decrease in deferred tax liabilities (125) (132) Decrease in trade receivables 1,328 711 Increase in other receivables and prepaid expenses (248) (347) Decrease (increase) in inventories 403 (1,279) Decrease in trade payables (2,713) (408) Increase (decrease) in other current liabilities (206) 514 Other, net 34 (341) Net cash used in operating activities (7,138) (3,845) Cash flows from investing activities Acquisition of a consolidated subsidiary, net of cash acquired (565) - Proceeds from maturity of available - for sale securities 4,290 33,294 Purchase of available-for sale securities (20,097) (49,941) Purchase of property and equipment (643) (1,631) Receipts on account of loans and receivables - 160 Other, net 21 (19) Net cash used in investing activities (16,994) (18,137) Cash flows from financing activities Increase in short-term bank credit, net 594 1,018 Repayment of long-term bank loans (214) (208) Exercise of options and warrants 388 5 Net cash provided by financing activities 768 815 Effect of exchange rate changes on cash 25 32 Decrease in cash and cash equivalents (23,339) (21,135) Cash and cash equivalents at the beginning of the period 35,470 30,049 Cash and cash equivalents at the end of the period $12,131 $8,914

On Track Innovations Ltd.

CONTACT: Galit Mendelson, Vice President of Corporate Relations of OTI,
+1-201-944-5200 ext. 111, galit@otiglobal.com, or Investor Relations, Paul
Holm of portfoliopr, +1-212-888-4570, paulh@portfoliopr.biz, for OTI

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

Stewart(R) Names J. Allen Berryman as New CFOBerryman will succeed CFO Max Crisp upon his retirement

HOUSTON, Aug. 28 /PRNewswire-FirstCall/ -- Today, Stewart Information Services Corporation announced that J. Allen Berryman has been appointed executive vice president, chief financial officer and secretary-treasurer of the company. Berryman will replace Max Crisp who will step down from these positions at Stewart effective Sept. 2, 2008 after more than 40 years of outstanding service. Crisp will remain with the company through a transition period.

"Allen is an experienced CFO with an impressive background of working with both private and public companies, and we are excited to have him join the management team," said Dr. Douglas Hodo, chairman of the audit committee. "He is well equipped to provide strategic and functional leadership for the next phase of Stewart's growth."

Berryman has nearly 30 years of financial and operational experience with organizations ranging from privately-held entrepreneurial companies to a Fortune 500 company. He leaves a position as head of finance for Raleigh-based Cetero Research, one of the world's largest providers of early clinical trial and bioanalytical laboratory services to pharmaceutical, biotechnology and generic drug companies. Prior to joining Cetero, Berryman spent nine years in the electronic payments industry, holding CFO and COO positions with Retriever Payment Systems and Telecheck International. He began his career as a CPA with the public accounting firm of Deloitte & Touche where he worked for 12 years.

Crisp joined Stewart in 1965, having previously worked for Price Waterhouse & Co. He has been a member of Stewart Information Services Corporation's board of directors since its inception in 1970 and served on its executive committee. He has also held the positions of executive vice president, chief financial officer and secretary-treasurer for Stewart Information Services Corporation. Under his leadership, Crisp accomplished five public offerings raising significant capital for the company.

Crisp will continue to serve the company as an officer of Stewart Title Guaranty Company and will assist in Berryman's transition to CFO. Crisp will also maintain a position on the board of directors for the remainder of his term ending May 9, 2009.

"Max has provided exceptional leadership to this company and to our management. We are very grateful for his dedicated service during the past 40-plus years," said Malcolm Morris, chairman and co-chief executive officer for Stewart Information Services Corporation. "Max has been an icon of Integrity for Stewart and we are fortunate that Max will continue in assisting us through the important transition to a new CFO," added Stewart Morris, Jr., president and co-chief executive officer for Stewart Information Services Corporation.

About Stewart

Stewart Information Services Corp. , a customer-driven, technology-enabled, strategically competitive, real estate information, title insurance and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com/.

Statements in this news release that are not strictly historical may be deemed "forward-looking" statements which should be considered as subject to the many uncertainties that exist in the Company's operations and environment. These uncertainties, which include economic conditions, market demand and pricing, competitive and cost factors, and the like, are incorporated by reference in the Stewart Information Services Corporation Form 10-K filed with the Securities and Exchange Commission. Such factors could cause actual results to differ materially from those in the forward-looking statements.

Stewart Information Services Corporation

CONTACT: Ted C. Jones, Director-Investor Relations, +1-713-625-8014,
ted@stewart.com

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

ION Completes Multi-client Acquisition Project Using FireFlySuccessful Commercial Deployment of Version 2.0 Cableless Seismic System

HOUSTON, Aug. 28 /PRNewswire-FirstCall/ -- ION Geophysical Corporation announced today that it has successfully completed the acquisition phase of a multi-client seismic imaging project using its FireFly(R) cableless land acquisition system. The project was completed on time and under budget in a remote, environmentally sensitive area of northwest Colorado by the seismic contractor Geokinetics Inc., which ION selected to acquire the data for the project.

Marty Williams, Geoscience Manager for East Resources Inc., a privately held, independent E&P company and the primary underwriter of the survey, commented, "This was a very challenging acquisition project in terms of the timeline and topography, not to mention our need to minimize the operational footprint in a sensitive area that includes wildlife, numerous ranches, and access restrictions to public lands. In addition, we needed to acquire densely sampled, full-wave data to better characterize a fractured shale reservoir that East Resources plans to re-develop. I've seen some of the early traces, and the seismic data look to be of the highest quality. We couldn't have completed this project without FireFly. Matching a game-changing technology with an experienced contractor provided a unique solution to the operational and imaging challenges we faced on this project."

The survey, named 'Durham Ranch' after one of several ranches in the vicinity, encompassed an area of roughly 30 square miles. More than 6,000 VectorSeis(R) enabled, FireFly stations were deployed on the survey; ultimately, 10,500 receiver points of full-wave seismic data were acquired. Nearly 7,000 dynamite shot points were used as the source, with the time from 'first shot' to last spanning 20 days. On the most productive day, 730 shot points were acquired. Geokinetics, a leading geophysical services company headquartered in Houston, served as the field acquisition contractor, while Green River Energy Resources executed various permitting and shot-hole drilling tasks.

Jim White, Executive Vice President of North American Operations at Geokinetics, commented, "FireFly represents a new approach to land seismic acquisition. After some initial training for our field personnel in how to operate using the different technologies and workflows associated with FireFly, our crews became very comfortable with the system and productivity increased accordingly. This was among the more challenging seismic surveys we've undertaken, and our ability to complete the project within the specified timeline was enhanced by our use of a cableless system such as FireFly."

ION is executing the Durham Ranch project under its Integrated Seismic Solutions (ISS) business model. In an ISS project, ION acts as the overall project manager, coordinating a full-scope of tasks ranging from survey planning to overseeing field acquisition, as well as data processing and reservoir analysis from the imaging experts within its GX Technology (GXT) subsidiary. By using the ISS approach, ION is able to customize the technologies and imaging and operational methods to the unique challenges and objectives of a particular project, whether proprietary or multi-client.

Jim Hollis, Chief Operating Officer of ION Solutions, concluded by saying, "We learned a lot from the initial FireFly field trials for BP and Apache in late 2006 and early 2007. The insights we obtained were incorporated into Version 2.0 of the FireFly system which, from all accounts, performed up to our high expectations and those of our clients. I am delighted that East Resources will have the data they require to optimize reservoir development, and believe both they and other E&P companies that license the data will see what the ION family of companies is able to deliver when called to execute challenging imaging projects like this one. I also want to thank both Green River Energy and especially Geokinetics for all of their efforts and helpful feedback throughout the project. All of the seismic contractors we invited to bid on the acquisition portion of the project, save one, told us that they simply couldn't get it done in the time allotted with conventional, cable-based acquisition technology. Geokinetics stepped up to the challenge, leveraged the FireFly system, and delivered."

More information about the Durham Ranch project is available on a Web-accessible slideshow at: http://www.iongeo.com/content/durham_ranch_aug08.ppt.

The information included herein contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may vary fundamentally from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. These risks and uncertainties include risk factors that are disclosed by ION from time to time in its filings with the Securities and Exchange Commission.

About ION

ION is a leading provider of geophysical technology, services, and solutions for the global oil & gas industry. ION's offerings allow E&P operators to obtain higher resolution images of the subsurface to reduce the risk of exploration and reservoir development, and enable seismic contractors to acquire geophysical data more efficiently. Additional information about ION is available at http://www.iongeo.com/.

About Geokinetics Inc.

Geokinetics Inc., based in Houston, Texas, is a leading global provider of seismic acquisition and high-end seismic data processing services to the oil and gas industry. Geokinetics has strong operating presence in North America and is focused on key markets internationally. Geokinetics operates in some of the most challenging locations in the world from the Arctic to mountainous jungles to the transition zone environments. More information about Geokinetics is available at http://www.geokinetics.com/.

Contacts ION (Financial community) Chief Financial Officer Brian Hanson, +1 281.879.3672 ION (Media affairs) Senior Manager - Corporate Marketing Jenny Salinas, +1 713.366.7286 jenny.salinas@iongeo.com

ION Geophysical Corporation

CONTACT: Financial community, Brian Hanson, Chief Financial Officer,
+1-281-879-3672, or Media affairs, Jenny Salinas, Senior Manager - Corporate
Marketing, +1-713-366-7286, jenny.salinas@iongeo.com, both of ION

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

Yucheng Technologies to Participate in Upcoming Investor Events in September

BEIJING, Aug. 28 /Xinhua-PRNewswire-FirstCall/ -- Yucheng Technologies Limited , a leading provider of IT solutions and services to China's banking industry, today announced that it will participate in the following investor events in September:

Kaufman Bros. 11th Annual Investor Conference Event: Corporate presentation and one-on-one meetings Time: September 3-5, 2008 Location: The W Hotel, New York Speaker: Jim Preissler, Investor Relations Advisor SIG Second Annual Beijing Management Summit Event: Corporate presentation and one-on-one meetings Time: September 10-11, 2008 Location: Grand Hyatt Beijing Hotel, Beijing, China Speaker: Rebecca Alexander, Investor Relations Manager The 9th Credit Suisse Asian Technology Conference Event: Small group meeting and one-on-one meetings Time: September 16-17, 2008 Location: InterContinental, Shenzhen, China Speaker: Rebecca Alexander, Investor Relations Manager About Yucheng Technologies Limited

Yucheng Technologies Limited is a leading IT service provider to the Chinese banking industry. Headquartered in Beijing, China, Yucheng has more than 2,000 employees and has established an extensive network for serving its banking clients nationwide, with subsidiaries and representative offices in 18 cities. Yucheng provides a comprehensive suite of IT solutions and services to Chinese banks including: (i) channel-related IT solutions, such as web banking and call centers; (ii) business-related processing solutions, such as core banking systems, foreign exchange and treasury management; and (iii) management-related IT solutions, such as risk analytics and business intelligence. Yucheng is also a leading third party provider of POS merchant acquiring services in partnership with banks in China.

For further information, please contact: New York Mr. Jim Preissler Tel: +1-646-383-4832 Email: jpreissler@yuchengtech.com Beijing Ms. Rebecca Alexander Tel: +1-914-613-3648 +86-10-5913-7998 Email: investors@yuchengtech.com

Yucheng Technologies Limited

CONTACT: New York, Mr. Jim Preissler, +1-646-383-4832, or
jpreissler@yuchengtech.com; or Beijing, Ms. Rebecca Alexander, Tel: +1-914-
613-3648, or +86-10-5913-7998(Tel), or investors@yuchengtech.com

Energy Conversion Devices Reports Net Income of $0.24 Per Share on Revenues of $82 Million for Fourth Quarter of Fiscal 2008- Operating Profitability Achieved in Second Half, Solar Gross Margin Sustained at 30+ Percent- World's Largest 12MW Solar Rooftop Installation Confirms Leadership in BIPV/Rooftop Market- Sales Pipeline Grows 50% to $1.8 Billion

ROCHESTER HILLS, Mich., Aug. 28 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) , the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced financial results for the fourth quarter and fiscal year ended June 30, 2008.

Total consolidated revenues for the quarter were $82.4 million, up 18 percent from third quarter revenues of $70.0 million, and 129 percent higher than fourth quarter fiscal 2007 revenues of $36.0 million. Solar product sales were $77 million, a 19 percent sequential increase and a 161 percent increase over the prior-year quarter.

Net income for the fourth quarter was $9.9 million, or $0.24 per share, compared to net income of $7.0 million, or $0.17 per share, in the third quarter of fiscal 2008, and a net loss of $13.1 million, or $0.33 per share, in the year-ago period.

Gross margin on product sales in the solar business was 33.5 percent in the fourth quarter, compared with 30.7 percent in the third quarter. United Solar Ovonic produced 26.2 MWs in the fourth quarter and 73.6 MWs for the fiscal year. As of June 30, 2008, the solar product sales pipeline was $1.8 billion, as compared to $1.2 billion at the end of the fiscal third quarter.

Mark Morelli, ECD's president and chief executive officer, said, "During fiscal 2008, we focused on operational excellence, and successfully built a strong foundation for sustained long-term growth. For example, fourth quarter solar gross margin improved to 33.5 percent compared with 15.8 percent last year. SG&A as a percent of revenue in the fourth quarter declined to 16.9 percent from 30.8 percent a year ago. As a result, we achieved profitability from operations for the second half of fiscal 2008."

Mr. Morelli added, "Fiscal 2008 marked a major transition in ECD's history, as the company generated positive operating cash flow of $28.5 million during the year, a significant improvement from the negative $21.8 million in fiscal 2007. We also completed an important capital raise that will allow us to fund our expansion to 1GW of capacity by the end of fiscal 2012. The selection of UNI-SOLAR to power the world's largest rooftop solar installation validates our continued success at selling UNI-SOLAR's differentiated value proposition into new and expanding markets and distribution channels in the rooftop and building-integrated PV markets. I am confident that our growth and momentum will continue into fiscal 2009 and beyond."

Fiscal Year Results

For fiscal 2008, total consolidated revenues were $255.9 million compared with $113.6 million for fiscal 2007, an increase of 125 percent. Solar product sales totaled $231.5 million in fiscal 2008, a 154 percent increase compared with $91.2 million last year. For fiscal 2008, the company reported net income of $3.9 million, or $0.10 per share, compared to a net loss of $25.2 million, or $0.64 per share in fiscal 2007.

The company's cash, cash equivalents, and short-term investments totaled approximately $500 million at the end of the fiscal year, reflecting the net proceeds of $405 million from the issuance of the company's convertible senior notes and common stock in June 2008. Common shares outstanding at June 30, 2008 were 45,575,554, however, as the company loaned 3,444,975 shares of its common stock to Credit Suisse International, pursuant to a share lending agreement, the shares used for the calculation of shares outstanding for the full year were 40,231,379 for basic and 41,137,849 for diluted shares.

First Quarter and Fiscal Year 2009 Guidance

Total consolidated revenues are expected to be between $95 and $98 million for the fiscal first quarter ending September 30, 2008, and between $455 and $485 million for fiscal 2009. Solar product sales for the first quarter are expected to be $89 to $91 million and $430 to $450 million for fiscal 2009. For the first quarter, gross margin is expected to be about 31 percent, and between 33 and 35 percent for the second half of the fiscal year. Restructuring costs are expected to be between $1.7 and $2.0 million for the first quarter and $2.5 to $3.0 million for fiscal 2009. Preproduction costs are expected to be between $1.5 and $1.9 million for the first quarter and between $7.0 and $9.0 million for fiscal 2009.

Conference Call / Webcast Details

Management of Energy Conversion Devices will review these financial results on a conference call on Thursday, August 28, 2008, at 10:00 a.m. ET. The dial-in number for the live audio call is 877-858-2512 or 706-634-6076 (international) with conference ID number 60981223. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations -- Conference Calls -- section of the company's website at http://www.ovonic.com/

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., September 1, 2008, and can be accessed by dialing (800) 642-1687 or (706) 645-9291 (international), with conference ID number 60981223. The webcast will also be archived on the company's website.

About Energy Conversion Devices

Energy Conversion Devices, Inc. (ECD) is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR(R) brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. ECD also pioneers other alternative technologies, including a new type of nonvolatile digital memory technology that is significantly faster, less expensive, and ideal for use in a variety of applications including cell phones, digital cameras and personal computers. For more information, please visit http://www.ovonic.com/

This release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to achieve sustainable profitability; our ability to maintain our customer relationships; our ability to expand our manufacturing capacity in a timely and cost-effective manner; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and the resolution of pending legal disputes. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.

ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Quarter Ended Year Ended June 30, June 30, 2008 2007 2008 2007 Revenues Product Sales $77,800 $31,284 $237,191 $96,014 Royalties 1,262 926 5,306 3,323 Revenue from Product Development Agreements 2,950 3,184 11,440 11,934 Revenue from License Agreements 238 313 1,253 1,047 Other 138 302 671 1,249 Total Revenues 82,388 36,009 255,861 113,567 Expenses Cost of Product Sales 51,966 27,119 174,075 81,241 Cost of Revenues from Product Development Agreements 1,865 2,146 7,257 7,685 Product Development and Research Expenses 2,207 4,220 9,905 19,745 Preproduction Costs 1,346 2,019 6,920 3,614 Selling, General and Administrative (Net) (Including Patents) 15,287(1) 11,422(2) 52,369(1) 38,399(2) Restructuring Charges 1,940 5,385 9,396 5,385 Total Expenses 74,611 52,311 259,922 156,069 Income (Loss) from Operations 7,777 (16,302) (4,061) (42,502) Other Income (Expense) Interest Income 981 3,168 7,019 17,543 Other (99) (2) (165) (2) Other Nonoperating Income (Expense) 1,274 (9) 1,216 (270) Total Other Income 2,156 3,157 8,070 17,271 Net Income (Loss) before Income Taxes 9,933 (13,145) 4,009 (25,231) Income Taxes 61 - 156 - Net Income (Loss) $9,872 $(13,145) $3,853 $(25,231) Basic Net Income (Loss) Per Share $.24 $(.33) $.10 $(.64) Diluted Net Income (Loss) Per Share $.24 $(.33) $.09 $(.64) Shares Used in Calculation of Net Income(Loss) Per Share(3): Basic 40,666 39,655 40,231 39,389 Diluted 41,525 39,655 41,138 39,389 (1) Includes net loss on disposal of property, plant and equipment of $1,330 for the fourth quarter and $1,116 for the full year (2) Includes net loss on disposal of property, plant and equipment of $318 for both periods (3) Excludes for 2008 the effect of the 3.4 million shares loaned pursuant to the share lending agreement. Non-GAAP Financial Measures

To supplement its financial statements presented in accordance with Generally Accepted Accounting Principles (GAAP) ECD uses the following measures as defined by the Securities and Exchange Commission as non-GAAP measures:

Quarter Ended Year Ended June 30, June 30, 2008 2007 2008 2007 (In Thousands Except Per Share Data) Net Income (Loss) $9,872 $(13,145) $3,853 $(25,231) Add: - Preproduction Costs 1,346 2,019 6,920 3,614 - Restructuring Charges 1,940 5,385 9,396 5,385 Net Income (Loss) as Adjusted (Non-GAAP) $13,158 $(5,741) $20,169 $(16,232) Net Income (Loss) (Basic) Per Share as Reported $.24 $(.33) $.10 $(.64) Net Income (Loss) (Diluted) Per Share as Reported $.24 $(.33) $.09 $(.64) Net Income (Loss) (Basic) Per Share as Adjusted (Non-GAAP) $.32 $(.14) $.50 $(.41) Net Income (Loss) (Diluted) Per Share as Adjusted (Non-GAAP) $.32 $(.14) $.49 $(.41) ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In Thousands) Year Ended June 30, 2008 2007 ASSETS Cash and Cash Equivalents $484,492 $80,770 Short-Term Investments 14,989 125,004 Accounts Receivable (Net) 53,525 36,498 Inventories 31,337 38,692 Assets Held for Sale 1,539 1,524 Property, Plant and Equipment (Net) 404,119 311,369 Other 51,966 6,822 TOTAL ASSETS $1,041,967 $600,679 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable and Other Current Liabilities $52,103 $42,940 Long-Term Liabilities 347,952 32,232 TOTAL LIABILITIES 400,055 75,172 STOCKHOLDERS' EQUITY 641,912 525,507 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $1,041,967 $600,679 ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES CONDENSED STATEMENTS OF CASH FLOWS (In Thousands) Year Ended June 30, 2008 2007 OPERATING ACTIVITIES: Net (Income)Loss $3,853 $(25,231) Adjustments to Reconcile Net Income(Loss) to Net Cash Used In Operating Activities: Depreciation and Amortization 21,917 12,170 Bad Debt 868 10 Amortization of Premium (Discount) on Investments 1 529 Allowance for Slow-Moving Inventory 2,920 1,348 Restructuring Charge 2,165 107 Stock and Stock Options Issued for Services Rendered 2,010 1,763 Other 989 (1,123) Changes in Working Capital (6,213) (11,387) NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 28,510 (21,814) INVESTING ACTIVITIES: Purchases of Property, Plant and Equipment (Including Construction in Progress) (Net) (117,047) (186,988) Proceeds from Sale of Investments 75,379 113,975 Payment to Ovonyx - (200) NET CASH USED IN INVESTING ACTIVITIES (41,668) (73,213) NET CASH PROVIDED BY FINANCING ACTIVITIES 417,247(1) 11,016 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (368) (181) NET CASH FLOW 403,721 (84,192) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 80,770 164,962 CASH AND CASH EQUIVALENTS AT END OF PERIOD $484,491 $80,770 (1) Primarily $405 million capital raise in June 2008. ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES SEGMENT REVENUE AND OPERATING INCOME/(LOSS) (In Thousands) Quarter Ended June 30, 2008 2007 2008 2007 Revenues Income (Loss) from Operations United Solar Ovonic $79,055 $31,468 $16,292 $(908) Ovonic Materials(1) 3,226 4,372 260 (2,749) Corporate Activities(2) 242 257 (8,833) (12,242) Consolidating Entries (135) (88) 58 (403) Consolidated $82,388 $36,009 $7,777 $(16,302) Year Ended June 30, 2008 2007 2008 2007 Revenues Income (Loss) from Operations United Solar Ovonic $239,398 $98,363 $31,644 $1,962 Ovonic Materials(1) 16,066 14,635 899 (13,706) Corporate Activities(2) 1,039 1,147 (36,816) (28,769) Consolidating Entries (642) (578) 212 (1,989) Consolidated $255,861 $113,567 $(4,061) $(42,502) (1) Excludes discontinued operations. (2) Revenues consist primarily of services, facilities and miscellaneous administrative and laboratory and machine shop services provided to certain affiliates; expense primarily includes corporate operations, including facilities, human resources, legal, finance, information technology, business development, purchasing and restructuring. The loss from operations includes restructuring costs of $5.4 million in fiscal 2007 for the first phase of the Company's restructuring plan and $9.4 million in fiscal 2008. Segment Operations - United Solar Ovonic (In Thousands) Three Months Ended Year Ended June 30, June 30, 2008 2007 2008 2007 PV Product Sales $76,981 $29,467 $231,519 $91,182 Megawatts Produced 26.2 10.7 73.6 32.5 Megawatts Shipped 25.7 10.1 77.1 29.3 Cost of Product Sales $51,169 $24,798 $169,015 $75,096 Gross Margin $25,812 $4,669 $62,504 $16,086 Gross Margin % 33.5% 15.8% 27.0% 17.6% Other Revenues: Research and Development $2,074 $2,000 $7,879 $7,174 Other Operating Revenues - 1 - 7 Other Revenues Total 2,074 2,001 7,879 7,181 Total Revenues 79,055 31,468 239,398 98,363 Other Expenses: Cost of Revenues from Product Development Agreements 1,347 1,002 4,938 2,922 Product Development and Research Expenses 927 864 3,650 3,737 Preproduction 1,346 2,019 6,920 3,614 Selling, General and Administrative Expenses 7,974(1) 3,693(2) 23,231(1) 11,032(2) Total Other Expenses 11,594 7,578 38,739 21,305 Income (Loss) from Operations $16,292 $(908) $31,644 $1,962 (1) Includes net loss on disposal of property, plant and equipment of $1,296 for both periods. (2) Includes net loss on disposal of property, plant and equipment of $319 for both periods. Segment Operations - Ovonic Materials (In Thousands) Three Months Ended Year Ended June 30, June 30, 2008 2007 2008 2007 Product Sales $818 $1,816 $5,690 $4,832 Cost of Product Sales 855 1,992 5,374 4,666 Other Revenues: Royalties 1,262 926 5,306 3,323 Research and Development 876 1,184 3,560 4,780 Licenses 238 313 1,253 1,047 Other Operating Revenues 32 133 257 653 Other Revenues Total 2,408 2,556 10,376 9,803 Total Revenues 3,226 4,372 16,066 14,635 Other Expenses: Cost of Revenues from Product Development Agreements 518 1,144 2,318 4,783 Product Development and Research Expenses 1,280 3,357 6,256 16,007 Operating, General and Administrative Expenses 313 628 1,219 2,885 Total Other Expenses 2,111 5,129 9,793 23,675 Income (Loss) from Operations $260 $(2,749) $899 $(13,706) Segment Operations - Corporate Activities (In Thousands) Three Months Ended Year Ended June 30, June 30, 2008 2007 2008 2007 Other Operating Revenues $242 $257 $1,039 $1,147 Other Expenses: Restructuring 1,939 5,385 9,396 5,385 Operating, General and Administrative Expenses 7,136 7,114 28,459 24,531 Total Expenses 9,075 12,499 37,855 29,916 Loss from Operations $(8,833) $(12,242) $(36,816) $(28,769)

Energy Conversion Devices, Inc.

CONTACT: Mark Trinske, Vice President, Investor Relations &
Communications of Energy Conversion Devices, Inc., +1-248-299-6063

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

Extreme Networks Announces Financial Conference Schedule

SANTA CLARA, Calif., Aug. 28 /PRNewswire-FirstCall/ -- Extreme Networks, Inc., today announced participation in the following upcoming event with the financial community:

11th Annual Kaufman Bros. Investor Conference Date: Wednesday, September 3, 2008 Time: 10:30 a.m. Local Event Time Location: New York City Extreme Networks Speakers: Mark Canepa, President & CEO; and Karen Rogge, SVP & CFO

Interested parties can listen to these events on the Internet by visiting: http://www.extremenetworks.com/about-extreme/investor-relations.aspx

Extreme Networks, Inc.

Extreme Networks designs, builds, and installs Ethernet infrastructure solutions that help solve the toughest business communications challenges. The company's commitment to open networking sets us apart from the alternatives by delivering meaningful insight and unprecedented control to applications and services. Extreme Networks believes that openness is the best foundation for growth, freedom, flexibility and choice. The company focuses on enterprises and service providers who demand high performance, converged networks that support voice, video and data over a wired and wireless infrastructure. For more information, visit: http://www.extremenetworks.com/

Extreme Networks is either a registered trademark or trademark of Extreme Networks, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.

Extreme Networks, Inc.

CONTACT: Greg Cross of Extreme Networks Public Relations,
+1-408-579-3483, gcross@extremenetworks.com

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

ATA Announces Results for Fiscal First Quarter 2009

BEIJING, Aug. 28 /Xinhua-PRNewswire/ -- ATA Inc. ("ATA" or the "Company") , the leading provider of computer-based testing and testing-related services in China, today announced its unaudited financial results for its fiscal first quarter ended June 30, 2008 ("First Quarter 2009").

First Quarter 2009 Highlights -- Net revenues increased by 158.2% year-over-year to approximately RMB68.3 million (US$10.0 million). -- Gross profit increased by 184.8% year-over-year to approximately RMB39.2 million (US$5.7 million). -- Income from operations was approximately RMB17.7 million (US$2.6 million) compared to a loss from operations of RMB1.3 million in the same period last year. -- Net income was approximately RMB12.4 million (US$1.8 million) compared to a net loss of RMB0.8 million in the same period last year. -- Net income excluding share-based compensation expense and foreign currency exchange gain (losses) (non-GAAP) was approximately RMB13.7 million (US$2.0 million) compared to a non-GAAP net loss of RMB0.1 million in the same period last year. -- Basic and diluted earnings per ADS were RMB0.56 (US$0.08) and RMB0.54 (US$0.08), respectively. Basic and diluted earnings per ADS excluding share-based compensation expense and foreign currency exchange gain (losses) (non-GAAP) were RMB0.60 (US$0.09) and RMB0.58 (US$0.08), respectively. Each ADS represents two common shares of the Company. -- For the quarter, ATA delivered approximately 1.5 million tests, an increase of 215.5% year-over-year. In addition, average revenue per test increased to RMB36.0 from RMB17.4 in the same period last year.

"We are pleased to report a very strong start to our fiscal year 2009," said Kevin Ma, ATA's Chairman and Chief Executive Officer. "These results are a testament that ATA has a proven and solid growth platform to take full advantage of China's fast-growing test and test-related sectors. Looking forward, we expect ATA to continue to benefit from the high barriers to entry we have built over the years, and from very positive trends in our industry as the pace of new computerized test offerings as well as the conversion of existing paper-based tests accelerate in the quarters and years ahead. We hope to win new large testing contracts leveraging our strong track record and unique capabilities in delivering nationwide computer-based tests in a cost effective and secure manner and we expect our growth to continue to be resilient to economic factors such as the volatility in China's securities market, the Sichuan earthquake in May 2008 and the 2008 Olympics to reach new milestones. We are very excited about the outlook for our business and see a long runway ahead in our market."

ATA's Chief Financial Officer, Carl Yeung, stated, "ATA's net revenues and gross and operating margins for the quarter have reached a new record relative to any prior fiscal first quarter. Our growth in the fiscal first quarter 2009 was mainly driven by the annual China Banking Association ("CSA") exam, which last year occurred during our fiscal second quarter. The volume of test takers for this year's CSA exam was approximately 470,000 candidates compared to zero candidates last year. In addition to our strong results we are very excited to have Mr. Jeffery Gao join ATA as Finance Director. Mr. Gao brings 11 years of audit and advisory experience from PricewaterhouseCoopers, and he recently worked at Ernst & Young as a Director of risk advisory services. At ATA we are constantly seeking to enhance our corporate governance and to make progress on our Sarbanes-Oxley compliance readiness plan, and Mr. Gao's appointment will contribute positively to our effort to position ATA as a well-governed company that can create lasting value for our shareholders."

Financial Results for the First Quarter 2009

For First Quarter 2009, net revenues were RMB68.3 million (US$10.0 million), representing a 158.2% increase year-over-year. This increase was mainly driven by a 566.2% increase in net revenues from testing services. Net revenues from test-based educational programs increased by 3.1% year-over-year, while net revenues from test preparation and training solutions declined by 91.0% as we did not make sales of NTET software in the June quarter.

The overall number of tests we delivered increased by 215.5% year-over-year to approximately 1.5 million in First Quarter 2009, while the average revenue per test delivered rose to RMB36.0 from RMB17.4 in the same period of fiscal year 2008. This increase in average revenue per test was due to approximately 470,000 tests delivered for the China Banking Association.

Gross profit increased by 184.8% year-over-year to approximately RMB39.2 million (US$5.7 million) from RMB13.8 million in the same period last year. Gross margin increased to 57.3% in First Quarter 2009 from 52.0% in the same period last year, driven by higher contribution from the Company's more profitable testing services as a percentage of total net revenues.

Operating expenses increased by 42.9% year-over-year to RMB21.5 million (US$3.1 million) from RMB15.0 million in the same period last year, primarily due to an increase in general and administrative expenses. General and administrative expenses increased by 86.8% to RMB12.2 million (US$1.8 million), primarily related to accrued bonuses, share-based compensation, and incremental expenses related to being a public company. Sales and marketing expenses were flat at RMB6.0 million (US$0.9 million) while research and development expenses increased by 28.9% year-over-year to RMB3.3 million (US$0.5 million) from RMB2.6 million in the same period last year, primarily due to an increase in research and development personnel from 51 as of June 30, 2007 to 78 as of June 30, 2008.

Income from operations for First Quarter 2009 was RMB17.7 million (US$2.6 million) compared to a loss from operations of RMB1.3 million in the same period last year. Operating margin was 25.9% in First Quarter 2009 compared to negative 4.8% in the same period last year. Operating margin improved due to stable operating expenses and a fast-growing revenue base.

Net income for First Quarter 2009 was RMB12.4 million (US$1.8 million) compared to a net loss of RMB0.8 million in the same period last year. Basic and diluted earnings per common share were RMB0.28 (US$0.04) and RMB0.27 (US$0.04), respectively, and basic and diluted earnings per ADS were RMB0.56 (US$0.08) and RMB0.54 (US$0.08), respectively.

Net income excluding share-based compensation expense and foreign currency exchange gain (losses) (non-GAAP) was RMB13.7 million (US$2.0 million) for First Quarter 2009 compared to a non-GAAP loss of RMB0.1 million in the same period last year. Basic and diluted earnings per ADS excluding share-based compensation expense and foreign currency exchange gain (losses) (non-GAAP) were RMB0.60 (US$0.09) and RMB0.58 (US$0.08), respectively.

Other Operating Data

As of June 30, 2008, ATA had 1,886 authorized test centers located throughout China.

The number of weighted average ADSs used to calculate basic and diluted earnings per ADS for the quarter ended June 30, 2008 were 22.5 million and 23.4 million respectively. ATA had 45.7 million common shares outstanding as of June 30, 2008.

Second Quarter 2009 and Full Year Fiscal Year 2009 Guidance

For the fiscal second quarter 2009, ATA forecasts net revenues will be in the range of RMB50 million to RMB53 million, representing year-over-year growth in the range of 0% to 6%. ATA re-iterates the expectation that net revenues for the fiscal year ended March 31, 2009 will be in the range of RMB340 million to RMB350 million, which is expected to represent a 98% to 103% growth over fiscal year 2008. This is ATA's current and preliminary view, which is subject to change. Our results of operations for First Quarter 2009 are not necessarily indicative of our operating results for any future periods.

Conference Call

The Company will host a conference call at 9:00 a.m. ET on August 28, 2008, to discuss the results for the first quarter 2008. Joining Kevin Ma, CEO of ATA Inc., will be Walter Wang, Director and President, and Carl Yeung, Chief Financial Officer. To participate in the conference call, please dial +1(866) 578-5771 five to ten minutes prior to the scheduled conference call time and mention the passcode 10565544. International callers should dial +1(617)213-8055, and mention the pass code 10565544.

If you are unable to participate in the call at this time, a replay will be available on August 28 at 11:00 a.m. ET, through September 4, 2008. To access the replay, dial +1(888)286-8010, international callers should dial +1(617)801-6888, and enter the pass code 58866634.

This conference call will be broadcast live over the Internet and can be accessed by all interested parties on ATA Inc.'s website at http://www.ata.net.cn/ . To listen to the live webcast, please go to ATA Inc.'s website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on ATA Inc.'s website for 90 days.

About ATA Inc.:

ATA is the leading provider of computer-based testing services in China. The Company offers comprehensive services for the creation and delivery of computer-based tests based on its proprietary testing technologies and test delivery platform. The Company's computer-based testing services are used for professional licensure and certification tests in various industries, including information technology, or IT, services, banking, teaching, securities, insurance and accounting. ATA's test center network comprised 1,886 authorized test centers located throughout China as of June 30, 2008, which the Company believes is the largest test center network of any commercial testing service provider in China. Combined with its test delivery technologies, this network allows ATA's clients to administer large-scale nationwide tests in a consistent, secure and cost-effective manner. ATA has delivered approximately 25 million tests including 15 million billable tests since it commenced operations in 1999, and in June 2008 delivered tests to approximately 470,000 test takers over a single weekend for the China Banking Association through its test delivery platform. For further information, please visit: http://www.ata.net.cn/ .

Cautionary Note Regarding Forward-looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "look forward to," "outlook," "forecast," "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate" and similar terminology and include, among other things, the Company's anticipated financial and operating results for the fiscal quarter ending September 30, 2008 and the fiscal year ending March 31, 2009. Among the factors that could cause the Company's actual financial and operating results to differ from what the Company currently anticipate may include the Company's ability to meet challenges associated with its rapid expansion, the Company's ability to meet the expectations of current and future clients, the Company's ability to implement and maintain effective internal controls over financial reporting, the health of the PRC economy, and uncertainties with respect to the PRC legal and regulatory environments. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's annual report on Form 20-F for its fiscal year ended March 31, 2008, which was filed with the U.S. Securities and Exchange Commission on August 28, 2008 and is available on the Securities and Exchange Commission's website at http://www.sec.gov/ . For additional information on these and other important factors that could adversely affect our business, financial condition, results of operations and prospects, see the "Risk Factors" section of the Company's Form 20-F for the fiscal year ended March 31, 2008.

The forward-looking statements in this release involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the markets in which it operates. The Company undertakes no obligation to update forward-looking statements, which speak only of the Company's views as of the date of this release, to reflect subsequent events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, the Company cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

About Non-GAAP Financial Measures

To supplement ATA's consolidated financial information presented in accordance with U.S. generally accepted accounting principles ("GAAP"), ATA uses the following measures defined as non-GAAP financial measures by the U.S. Securities and Exchange Commission: net income excluding share-based compensation expenses and foreign currency exchange gain (losses) and basic and diluted earnings per ADS excluding share-based compensation expenses and foreign currency exchange gain (losses). The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.

ATA believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based compensation expenses and foreign currency exchange gain (losses), which may not be indicative of its operating performance from a cash perspective. ATA believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to ATA's historical performance and liquidity. ATA computes its non-GAAP financial measures using the consistent method from quarter to quarter. ATA believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision-making. A limitation of using non-GAAP net income excluding share-based compensation expenses and basic and diluted earnings per share and per ADS excluding share-based compensation expenses is that share-based compensation charges have been and are expected to continue to be for the foreseeable future a significant recurring expense in ATA's business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying table captioned "Reconciliations of Non-GAAP measures to the most comparable GAAP measures" set forth at the end this release, has more details on the reconciliations between GAAP financial measures that are most directly comparable to the non-GAAP financial measures used by ATA.

Currency Convenience Translation

The Company's financial information is stated in RMB. The translation of RMB amounts for the first quarter 2009 into United States dollars is included solely for the convenience of readers and has been made at the rate of RMB6.8591 to US$1.00, the noon buying rate as of June 30, 2008 in the City of New York for cable transfers in RMB per US dollar as certified for customs purposes by the Federal Reserve Bank of New York. Such translations should not be construed as representations that RMB amounts could be converted into US dollar at that rate or any other rate, or to be the amounts that would have been reported under US GAAP.

ATA INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS March 31, June 30, June 30, 2008 2008 2008 RMB RMB USD ASSETS Current assets: Cash 332,196,672 333,089,081 48,561,631 Accounts receivable, net 63,502,408 64,530,545 9,408,019 Inventories 2,951,966 2,398,238 349,643 Prepaid expenses and other current assets 4,657,608 7,983,738 1,163,963 Total current assets 403,308,654 408,001,602 59,483,256 Property and equipment, net 10,668,300 11,083,170 1,615,834 Goodwill 6,880,123 6,880,123 1,003,065 Other assets 15,776,667 17,503,238 2,551,827 Total assets 436,633,744 443,468,133 64,653,982 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accrued expenses and other payables 29,822,313 42,442,092 6,187,706 Deferred revenues 36,707,916 16,961,778 2,472,887 Total current liabilities 66,530,229 59,403,870 8,660,593 Deferred revenues 7,025,971 6,893,342 1,004,992 Total liabilities 73,556,200 66,297,212 9,665,585 Shareholders' equity: Common shares: 3,656,210 3,799,418 553,924 Treasury shares (16,106,940) (16,106,940) (2,348,259) Receivable from shareholders -- (5,226,173) (761,933) Additional paid-in capital 498,374,024 512,484,581 74,716,010 Accumulated other comprehensive loss (7,933,512) (15,315,434) (2,232,863) Accumulated deficit (114,912,238) (102,464,531) (14,938,482) Total shareholders' equity 363,077,544 377,170,921 54,988,397 Total liabilities and shareholders' equity 436,633,744 443,468,133 64,653,982 ATA INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three-month Period Ended June 30, March 31, June 30, June 30, 2007 2008 2008 2008 RMB RMB RMB USD Net revenues 26,469,430 29,160,319 68,331,931 9,962,230 Testing services 8,088,396 11,479,177 53,885,098 7,856,001 Test-based educational services 10,690,059 15,573,374 11,024,193 1,607,236 Test preparation and training solutions 5,675,317 442,813 508,088 74,075 Other revenue 2,015,658 1,664,955 2,914,552 424,918 Cost of revenues 12,717,028 13,163,771 29,163,638 4,251,817 Gross profit 13,752,402 15,996,548 39,168,293 5,710,413 Operating expenses: Research and development 2,550,832 3,272,577 3,287,178 479,243 Sales and marketing 5,927,449 8,348,702 5,961,055 869,072 General and administrative 6,539,136 11,167,965 12,218,300 1,781,329 Total operating expenses 15,017,417 22,789,244 21,466,533 3,129,644 Income (loss) from operations (1,265,015) (6,792,696) 17,701,760 2,580,769 Equity in income (loss) of an affiliate 988,133 Interest income 120,732 67,559 190,472 27,770 Foreign currency exchange gain (loss), net (91,992) 379,425 609,647 88,881 Earnings (loss) before income taxes (248,142) (6,345,712) 18,501,879 2,697,420 Income tax benefit (expense) (522,821) 623,840 (6,054,172) (882,648) Net income (loss) (770,963) (5,721,872) 12,447,707 1,814,772 Basic earnings (loss) per common share (0.04) (0.16) 0.28 0.04 Diluted earnings (loss) per common share (0.04) (0.16) 0.27 0.04 Basic earnings (loss) per ADS (0.08) (0.32) 0.56 0.08 Diluted earnings per (loss) ADS (0.08) (0.32) 0.54 0.08 UNAUDITED RECONCILIATIONS OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES Three-month Period Ended June 30, June 30, 2007 2008 RMB RMB GAAP net income (loss) (770,963) 12,447,707 Share-based compensation expenses 554,085 1,908,875 Foreign currency exchange (gain) loss, net 91,992 (609,647) Non-GAAP net income (loss) (124,886) 13,746,935 GAAP earnings (loss) per ADS: Basic (0.08) 0.56 Diluted (0.08) 0.54 Share-based compensation expenses per ADS: Basic 0.05 0.07 Diluted 0.05 0.07 Foreign currency exchange gain (losses) per ADS: Basic 0.01 (0.03) Diluted 0.01 (0.03) Non-GAAP earnings (loss) per ADS: Basic (0.02) 0.60 Diluted (0.02) 0.58 For more information, please contact: ATA Inc. Carl Yeung, CFO Tel: +86-10-6518-1122 x5107 Email: ir@ata.net.cn CCG Elite Investor Relations Crocker Coulson, President Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Ed Job, CFA Tel: +1-646-213-1914 Email: ed.job@ccgir.com

ATA Inc.

CONTACT: Carl Yeung, CFO of ATA Inc., +86-10-6518-1122 x5107, or
ir@ata.net.cn; Or Crocker Coulson, President, +1-646-213-1915, or
crocker.coulson@ccgir.com; Or Ed Job, CFA, +1-646-213-1914, or
ed.job@ccgir.com, both of CCG Elite Investor Relations

Web site: http://www.ata.net.cn/

VimpelCom Announces Second Quarter 2008 Financial and Operating Results

MOSCOW and NEW YORK, Aug. 28 /PRNewswire-FirstCall/ -- Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") , a leading provider of telecommunications services in Russia and the Commonwealth of Independent States (CIS) today announced its financial and operating results for the quarter ended June 30, 2008.

Financial and Operating Highlights -- Net operating revenues reached $2,611 million, an increase of 52.1% versus 2Q2007. -- OIBDA reached $1,223 million, an increase of 36.3% versus 2Q2007. -- OIBDA margin was 46.8%, including 47.3% in Russia and 52.0% in Kazakhstan. -- Net income totaled $470 million, an increase of 30.9% versus 2Q2007. -- Mobile subscribers increased by 6.0 million versus 2Q2007, reaching 53.7 million. -- $2 billion Eurobond issued to refinance short-term bridge loan. -- Joint venture agreement signed in Vietnam, license acquired in Cambodia.

Commenting on today's announcement, Alexander Izosimov, Chief Executive Officer of VimpelCom, said, "We are pleased with our robust second quarter results. The Company showed solid 52% annual revenue growth with a healthy 47% OIBDA margin, which is in line with our internal target for this stage of the integration of Golden Telecom. The increase in revenue was driven by fast organic growth in both our mobile and fixed-line operations as well as by the first full quarter consolidation of Golden Telecom.

"In the second quarter we successfully refinanced our short-term debt related to the Golden Telecom acquisition. Following the refinancing, we started to intensify our sales and marketing efforts in the Russian mobile segment, resulting in 11% quarter-on-quarter revenue growth in this segment.

"We are also very happy with our performance in the CIS, where we showed strong growth and increased revenue market share and ARPU in all geographies.

"We will continue to focus our efforts along three key priorities for the Company: developing integrated operations in Russia, including a strong push in the broadband business, continued development in the CIS markets and expansion outside of the CIS. These priorities prompted us to make some adjustments to our organizational structure which we believe will enhance the focus and efficiency of our business. "

Key Consolidated Financial and Operating Results CONSOLIDATED OPERATIONS (US$, mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Net operating revenues 2,611 1,717 52.1% 2,108 23.9% OIBDA 1,223 897 36.3% 1,126 8.6% OIBDA margin, % 46.8% 52.2% 53.4% SG&A 774 494 56.7% 528 46.6% Including Sales & Marketing Expenses 215 167 28.7% 187 15.0% Including General & Administrative Costs 559 327 70.9% 341 63.9% SG&A percentage 29.6% 28.8% 25.0% Net income 470 359 30.9% 601 -21.8% Net income per common share, (US$) 9.26 7.07 11.84 Net income per ADS equivalent*), (US$) 0.46 0.35 0.59 Capital expenditures 664.0 334.8 98.3% 358.5 85.2% Mobile subscribers ('000) 53,707 47,702 12.6% 52,293 2.7% Broadband subscribers ('000) 610 n/a 534 14.2%

* Number of ADSs is based on the ratio of 20 ADSs per one ordinary share, which came into effect on August 21, 2007. Prior year amounts have been adjusted to reflect the new ratio.

Net operating revenue 2Q 2008*) (US$ mln) Russia CIS Eliminations Total Mobile business 1,862 319 -3 2,178 Fixed business 414 74 -11 477 Eliminations -37 -5 -2 -44 Total net operating revenue 2,239 388 -16 2,611

* Due to the increasing integration between different parts of our business, we include inter-company transactions in the reported revenues of geographic and business segments, and indicate the amount of inter-company eliminations within and between the segments. Reconciliation is presented in Attachment C.

In the second quarter we consolidated the business of Golden Telecom for the first full period. Smaller net income compared to the first quarter was due to an increase in interest expense, depreciation and amortization resulting from the Golden Telecom acquisition and a significant decrease in foreign exchange gain resulting from slower appreciation of the Russian ruble versus the US dollar.

RUSSIA (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Net operating revenues 2,239 1,460 53.4% 1,797 24.6% OIBDA 1,059 780 35.8% 992 6.8% OIBDA margin, % 47.3% 53.4% 55.2% SG&A 658 419 57.0% 434 51.6% Including Sales & Marketing Expenses 181 141 28.4% 158 14.6% Including General & Administrative Costs 477 278 71.6% 276 72.8% SG&A percentage 29.4% 28.7% 24.2% Net income 448 356 25.8% 616 -27.3%

Our revenue in Russia showed good growth of 53.4%, including 27.5% organic growth in mobile revenues.

Strengthening our sales and marketing activities in the mobile segment led to positive dynamics in new subscriber additions in May and June. Strong growth in usage was enhanced by positive seasonal trends, which, when coupled with stable pricing, resulted in an 11.4% quarterly increase in ARPU.

In residential broadband we continued the active rollout of our fiber-to- the-building networks (FTTB). By the end of the second quarter we reached 5.5 million households passed by our FTTB network and accumulated 476,000 FTTB subscribers, yielding a current take-up rate of 8.6%. The total number of broadband subscribers, taking into account all of the broadband technologies, reached 604,000.

Substantial growth in our G&A expenses both quarter-on-quarter and year- on-year is mainly connected with the full quarter consolidation of Golden Telecom ($127 million in the second quarter) and an abnormally low level of G&A shown in the first quarter due to the reversal of a $43 million accrual in our stock-price based compensation plans, resulting from the decline in VimpelCom's ADS price during the first quarter of 2008.

OIBDA of our Russian operations in the second quarter passed the $1 billion mark. Despite some one-off costs related to the buyout of minority shareholders in Corbina Telecom in June 2008, the OIBDA margin was in line with our expectations for this stage of the integration of Golden Telecom.

RUSSIA REVENUE (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Net operating revenues 2,239 1,460 53.4% 1,797 24.6% Mobile revenue 1,862 1,460 27.5% 1,675 11.2% Fixed revenue 414 n/a 132 Eliminations -37 n/a -10 RUSSIA OPERATING DEVELOPMENT 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Mobile subscribers ('000) 42,485 40,140 5.8% 42,079 1.0% Subscriber market share*), % 24.6% 30.9% 25.0% MOU, min 220.3 192.6 14.4% 198.7 10.9% ARPU, US$ 14.7 12.3 19.5% 13.2 11.4% Broadband subscribers ('000) 604 0 n/a 530 14.0%

* Subscriber market share data presented here and in the following country tables are published by AC&M-Consulting. Starting from January 1, 2008 VimpelCom's subscriber market share is being reported solely on the basis of active subscribers, while previously it was based on registered subscribers. The drop in the reported market share in the second quarter of 2008 as compared to the second quarter of 2007 is mainly caused by the change of reporting methodology.

RUSSIA OIBDA DEVELOPMENT (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q OIBDA Total 1,059 780 35.8% 992 6.8% Mobile OIBDA 969 780 24.2% 959 1.0% Fixed OIBDA 90 n/a 33 Total OIBDA margin, % 47.3% 53.4% 55.2% Mobile OIBDA margin, % 52.0% 53.4% 57.2% Fixed OIBDA margin, % 21.7% n/a 25.0% CIS OPERATIONS (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Net operating revenues 388.1 260.1 49.2% 316.9 22.5% OIBDA 164.4 116.9 40.6% 134.3 22.4% OIBDA margin, % 42.4% 44.9% 42.3% SG&A 115.4 76.4 51.0% 94.3 22.4% including Sales & Marketing Expenses 33.9 26.0 30.4% 29.0 16.9% including General & Administrative Costs 81.5 50.4 61.7% 65.3 24.8% SG&A percentage 29.7% 29.4% 29.8% Net income 22.3 3.7 502.7% -14.3 n/a

In the CIS revenue growth was strong and ahead of major competitors in each of our markets*.

In Kazakhstan our efforts to strengthen the direct dealership network, improve service quality and maintain a conservative pricing policy resulted in 13.8% quarter-on-quarter revenue growth, which is twice the rate of our major competitor. We grew ARPU by 6% compared to the first quarter, which is particularly encouraging in light of ongoing economic difficulties in the country.

We also grew our revenue market share ahead of the competition in Uzbekistan. Due to a conservative pricing policy and our focus on network and service quality we were the only operator in Uzbekistan that increased ARPU compared to the first quarter.

As our business in Ukraine has become more robust, we initiated an aggressive sales and marketing campaign targeting high-quality subscribers. The improved quality of our subscriber base, coupled with a positive seasonal trend, helped us to grow ARPU through an increase in both usage and average price per minute. As a result, we organically boosted our mobile revenue by 26% compared to the first quarter and by 92% year-on-year. Additionally, consolidation of Golden Telecom led to total annual revenue growth of 199%.

We introduced the Beeline brand in Armenia in April 2008. A strong marketing campaign, supported by improved execution in retail, resulted in a gain in revenue market share of almost one percentage point compared to the previous quarter.

* Comparisons with competitors are based on publicly available information CIS Revenues Development KAZAKHSTAN (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Net operating revenue 185.3 149.3 24.1% 162.8 13.8% Mobile 182.5 149.3 22.2% 162.1 12.6% Fixed 4.9 n/a 1.1 Elimination -2.1 n/a -0.4 n/a UKRAINE (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Net operating revenue 71.2 23.8 199.2% 44.8 58.9% Mobile 45.7 23.8 92.0% 36.4 25.5% Fixed 28.4 n/a 8.9 Elimination -2.9 n/a -0.5 n/a ARMENIA (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Net operating revenue 64.7 58.4 10.8% 59.1 9.5% Mobile 26.4 23.2 13.8% 22.9 15.3% Fixed 38.3 35.2 8.8% 36.2 5.8% Elimination 0.0 n/a 0.0 n/a UZBEKISTAN (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Net operating revenue 52.0 23.2 124.1% 39.5 31.6% Mobile 49.5 23.2 113.4% 38.7 27.9% Fixed 2.6 n/a 0.8 Elimination -0.1 n/a 0.0 TAJIKISTAN (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Net operating revenue 11.2 5.2 115.4% 8.4 33.3% Mobile 11.2 5.2 115.4% 8.4 33.3% Fixed n/a n/a n/a Elimination n/a n/a n/a GEORGIA (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Net operating revenue 3.9 0.2 1850% 2.4 62.5% Mobile 3.9 0.2 1850% 2.4 62.5% Fixed n/a n/a n/a Elimination n/a n/a n/a CIS REVENUES (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Net operating revenue 388.1 260.1 49.2% 316.9 22.5% Mobile 318.9 224.9 41.8% 270.9 17.7% Fixed 74.1 35.2 110.5% 47.0 57.7% Eliminations -4.9 n/a n/a -1.0 n/a CIS Operating Highlights KAZAKHSTAN 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Mobile subscribers ('000) 5,098 3,858 32.1% 4,777 6.7% Subscriber market share*), % 39.6% 49.3% 39.5% MOU, min 109.7 88.8 23.5% 99.1 10.7% ARPU, US$ 12.3 13.6 -9.6% 11.6 6.0% UKRAINE 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Mobile subscribers ('000) 2,111 1,822 15.9% 1,971 7.1% Subscriber market share*), % 3.8% 5.2% 3.5% MOU mobile, min 231.0 159.9 44.5% 210.2 9.9% ARPU mobile, US$ 7.5 4.2 78.6% 6.1 23.0% Broadband subscribers ('000) 6 n/a 4 50.0% ARPU broadband, US$ 32.7 n/a 39.4** -17.0% ARMENIA 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Mobile subscribers ('000) 655 471 39.1% 520 26.0% Subscriber market share*), % 30.5% 33.5% 26.9% MOU mobile, min 164.9 185.1 -10.9% 158.9 3.8% ARPU mobile, US$ 15.3 17.3 -11.6% 16.1 -5.0% UZBEKISTAN 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Mobile subscribers ('000) 2,754 1,192 131.0% 2,422 13.7% Subscriber market share*), % 31.2% 32.7% 33.6% MOU, min 294.6 265.6 10.9% 265.3 11.0% ARPU, US$ 6.6 7.2 -8.3% 5.8 13.8% TAJIKISTAN 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Mobile subscribers ('000) 435 205 112.2% 378 15.1% Subscriber market share*), % 17.4% 15.2% 16.5% MOU, min 241.1 224.2 7.5% 205.8 17.2% ARPU, US$ 9.4 10.1 -6.9% 8.0 17.5% GEORGIA 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Mobile subscribers ('000) 169 14 1107% 146 15.8% Subscriber market share*), % 4.9% 0.8% 4.7% MOU, min 89.3 82.5 8.2% 87.1 2.5% ARPU, US$ 8.2 4.8 70.8% 7.4 10.8%

* Source: AC&M-Consulting. The drop in the reported market share is caused by the fact that starting from January 1, 2008 VimpelCom's market share is calculated on the basis of active subscribers, while before that date it was based on registered subscribers.

** Broadband ARPU for March 2008 only. CIS OIBDA Development KAZAKHSTAN (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q OIBDA total 96.4 80.3 20.0% 82.0 17.6% Mobile 94.2 80.3 17.3% 81.6 15.4% Fixed 2.2 n/a 0.4 OIBDA Margin, % 52.0% 53.8% 50.4% UKRAINE (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q OIBDA total 9.4 -3.1 n/a 3.2 193.8% Mobile 2.5 -3.1 n/a 1.1 127.3% Fixed 6.9 n/a 2.1 OIBDA margin, % 13.2% n/a 7.1% ARMENIA (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q OIBDA total 30.3 30.1 0.7% 29.1 4.1% Mobile 10.3 11.6 -11.2% 10.4 -1.0% Fixed 20.0 18.5 8.1% 18.7 7.0% OIBDA Margin, % 46.8% 51.5% 49.2% UZBEKISTAN (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q OIBDA total 27.8 11.4 143.9% 20.9 33.0% Mobile 27.2 11.4 138.6% 20.6 32.0% Fixed 0.6 n/a 0.3 OIBDA Margin, % 53.5% 49.1% 52.9% TAJIKISTAN (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q OIBDA total 2.6 0.1 2500% 1.3 100.0% Mobile 2.6 0.1 2500% 1.3 100.0% Fixed n/a n/a n/a OIBDA Margin, % 23.2% 1.9% 15.5% GEORGIA (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q OIBDA total -2.1 -1.9 n/a -2.2 n/a Mobile -2.1 -1.9 n/a -2.2 n/a Fixed n/a n/a n/a OIBDA Margin, % n/a n/a n/a CIS OIBDA (US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q OIBDA total 164.4 116.9 40.6% 134.3 22.4% Mobile 134.7 98.4 36.9% 112.8 19.4% Fixed 29.7 18.5 60.5% 21.5 38.1% OIBDA margin, % 42.4% 44.9% 42.3%

For more information on financial and operating data for specific countries, please refer to the supplementary file FinancialOperatingQ22008.xls on our website at http://www.vimpelcom.com/news/qrep.wbp.

Recent Developments

In July 2008 VimpelCom signed a definitive agreement to establish GTEL- Mobile, a joint venture in Vietnam created to build a GSM network in the country. According to the terms of this agreement VimpelCom will receive a 40% interest in GTEL-Mobile for $267 million*.

In July 2008 VimpelCom acquired a 90% stake in Sotelco, a company holding a GSM license in Cambodia, for $28 million**.

VimpelCom announced today it has signed an agreement with Apple to bring iPhone 3G to Russia expected later this year.

* Full text of the relevant press-release can be found at http://www.vimpelcom.com/vietnam.wbp

** Full text of the relevant press-release can be found at http://www.vimpelcom.com/cambodia.wbp

The Company's management will discuss its second quarter results during a conference call and slide presentation on August 28, 2008 at 6:30 pm Moscow time (10:30 am ET in New York). The call and slide presentation may be accessed via webcast at the following URL address http://www.vimpelcom.com/. The conference call replay will be available through September 4, 2008. The slide presentation webcast will also be available for download on VimpelCom's website http://www.vimpelcom.com/.

The VimpelCom Group consists of telecommunications operators providing voice and data services through a range of wireless, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia, in territories with a total population of about 250 million. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".

This press release contains "forward-looking statements", as the phrase is defined in Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements relate to the Company's strategic and development plans, including network development plans and developments in the telecommunications markets in which the Company operates. These and other forward-looking statements are based on management's best assessment of the Company's strategic and financial position and of future market conditions and trends. These discussions involve risks and uncertainties. The actual outcome may differ materially from these statements as a result of unforeseen developments from competition, governmental regulation of the telecommunications industries in Russia, the CIS and South-East Asia, general political uncertainties in Russia, the CIS and South-East Asia, and general economic developments in Russia, the CIS and South-East Asia, continued volatility in the world economy, challenges to 3G and Far East tenders and/or litigation with third parties. The actual outcome may also differ materially if the Company is unable to obtain all necessary corporate approvals relating to its business (including approval of funding and specific transactions), if the Company is unable to successfully integrate newly-acquired businesses, including Golden Telecom, and other factors. As a result of such risks and uncertainties, there can be no assurance that the effects of competition or current or future changes in the political, economic and social environment or current or future regulation of the Russian and CIS telecommunications industries will not have a material adverse effect on the VimpelCom Group. Certain factors that could cause actual results to differ materially from those discussed in any forward- looking statements include the risks described in the Company's Annual Report on Form 20-F for the year ended December 31, 2007 and other public filings made by the Company with the United States Securities and Exchange Commission, which risk factors are incorporated herein by reference. VimpelCom disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.

- Definitions and tables are attached - Attachment A: Definitions

Mobile subscribers are those subscribers in the registered subscriber base who were a party to a revenue generating activity in the past three months and remain in the base at the end of the reported period. Such activities include all incoming and outgoing calls, subscriber fee accruals, debits related to service, outgoing SMS, MMS, data transmission and receipt sessions, but do not include incoming SMS and MMS sent by our Company or abandoned calls.

Each ADS represents 0.05 of one share of common stock. This ratio was established effective August 21, 2007.

ARPU (Monthly Average Revenue per User), a non-U.S. GAAP financial measure, is calculated by dividing the Company's service revenue during the relevant period, including roaming revenue and interconnect revenue, but excluding revenue from connection fees, sales of handsets and accessories and other non-service revenue, by the average number of the Company's subscribers during the period and dividing by the number of months in that period. The Company believes that ARPU provides useful information to investors because it is an indicator of the performance of the Company's business operations and assists management in budgeting. The Company also believes that ARPU provides management with useful information concerning usage and acceptance of the Company's services. ARPU should not be viewed in isolation or an alternative to other figures reported under U.S. GAAP.

Broadband subscribers are those subscribers in the registered subscriber base who were a party to a revenue generating activity in the past three months. Such activities include monthly internet access using FTTB, xDSL and WiFi technologies.

CIS Geographic Segment for the purpose of VimpelCom reporting includes our operations in the following countries: Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Armenia and Georgia.

Fixed-line subscriber is an authorized user of fixed-line communications services.

General and administrative costs (G&A) include salaries and outsourcing costs, including related social contributions required by Russian law; stock price-based compensation expenses; repair and maintenance expenses; rent, including lease payments for base station sites; utilities; other miscellaneous expenses, such as insurance, operating taxes, license fees, and accounting, audit and legal fees.

Household passed are households located within buildings, in which indoor installation of all the FTTB equipment necessary to install terminal residential equipment has been completed.

Market share of subscribers for each relevant area is calculated by dividing the estimated number of our subscribers in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia, respectively, by the total estimated number of subscribers in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia, respectively, and is provided by AC&M-Consulting.

Mobile services are wireless voice and data transmission services excluding WiFi.

MOU (Monthly Average Minutes of Use per User) is calculated by dividing the total number of minutes of usage for incoming and outgoing calls during the relevant period (excluding guest roamers) by the average number of subscribers during the period and dividing by the number of months in that period.

OIBDA is a non-U.S. GAAP financial measure. OIBDA, previously referred to as EBITDA by the Company, is defined as operating income before depreciation and amortization. The Company believes that OIBDA provides useful information to investors because it is an indicator of the strength and performance of our business operations, including our ability to finance capital expenditures, acquisitions and other investments and our ability to incur and service debt. While depreciation and amortization are considered operating costs under U.S. GAAP, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or constructed in prior periods. Our OIBDA calculations are commonly used as bases for some investors, analysts and credit rating agencies to evaluate and compare the periodic and future operating performance and value of companies within the wireless telecommunications industry. OIBDA should not be considered in isolation as an alternative to net income, operating income or any other measure of performance under U.S. GAAP. OIBDA does not include our need to replace our capital equipment over time. Reconciliation of OIBDA to operating income, the most directly comparable U.S. GAAP financial measure, is presented below in the reconciliation tables section.

OIBDA margin is OIBDA expressed as a percentage of total net operating revenues. Reconciliation of OIBDA margin to operating income as a percentage of total net operating revenues, the most directly comparable U.S. GAAP financial measure, is presented below in the reconciliation tables section.

Prepaid subscribers are those subscribers who pay for their services in advance.

Sales and marketing costs (S&M) include marketing, advertising and dealer commissions expenses.

Take-up rate for the FTTB network is calculated by dividing the number of FTTB subscribers by the total number of households passed.

Attachment B: VimpelCom financial statements Open Joint Stock Company "Vimpel-Communications" Unaudited Condensed Consolidated Statements of Operations Three months ended Six months ended June 30, June 30, 2008 2007 2008 2007 (In thousands of US dollars, except per share (ADS) amounts) Operating revenues: Service revenues and connection fees $2,604,081 $1,715,482 $4,709,353 $3,201,674 Sales of handsets and accessories 2,719 1,263 4,398 2,785 Other revenues 5,700 1,236 8,147 2,202 Total operating revenues 2,612,500 1,717,981 4,721,898 3,206,661 Revenue based tax (1,843) (814) (3,342) (1,447) Net operating revenues 2,610,657 1,717,167 4,718,556 3,205,214 Operating expenses: Service costs 596,316 313,011 1,027,310 578,337 Cost of handsets and accessories sold 2,382 1,491 3,993 3,219 Selling general and administrative expenses 773,589 494,445 1,302,034 933,912 Depreciation 385,012 285,365 742,004 554,537 Amortization 100,864 53,807 168,258 107,096 Provision for doubtful accounts 15,704 11,462 36,641 26,571 Total operating expenses 1,873,867 1,159,581 3,280,240 2,203,672 Operating income 736,790 557,586 1,438,316 1,001,542 Other income and expenses: Interest income 24,687 7,657 39,408 12,309 Interest expense (121,078) (47,643) (200,215) (93,448) Net foreign exchange gain 25,737 8,362 210,745 25,091 Other expenses (2,531) (7,866) (10,691) (18,680) Total other income and expenses (73,185) (39,490) 39,247 (74,728) Income before income taxes and minority interest 663,605 518,096 1,477,563 926,814 Income taxes expense 178,648 143,648 374,276 263,594 Minority interest in net earnings of subsidiaries 14,796 15,175 31,841 26,672 Net income 470,161 359,273 1,071,446 636,548 Net income per common share $9.26 $7.07 $21.10 $12.52 Net income per ADS equivalent $0.46 $0.35 $1.05 $0.63 Weighted average common shares outstanding (thousands) 50,797 50,833 50,787 50,862 Open Joint Stock Company "Vimpel-Communications" Unaudited Condensed Consolidated Balance Sheets June 30, March 31, 2008 2008 (In thousands of US dollars) Assets Current assets: Cash and cash equivalents $978,782 $620,680 Trade accounts receivable 535,080 525,599 Other current assets 791,227 685,934 Total current assets 2,305,089 1,832,213 Non-current assets Property and equipment, net 7,117,382 6,879,895 Telecommunication licenses and allocation of frequencies, net 1,035,420 1,062,501 Other intangible assets, net 5,307,097 4,946,283 Other assets 1,943,911 1,305,242 Total non-current assets 15,403,810 14,193,921 Total assets $17,708,899 $16,026,134 Liabilities and shareholders' equity Current liabilities: Accounts payable $689,374 $634,414 Dividends Payable 505,193 0 Customer advances and deposits 436,785 431,011 Short-term debt 1,248,033 968,772 Accrued liabilities 939,355 686,983 Total current liabilities 3,818,740 2,721,180 Deferred income taxes 880,300 945,265 Long-term debt 6,502,874 5,709,263 Accrued liabilities 71,036 66,688 Minority Interest 373,504 406,265 Shareholders' equity 6,062,445 6,177,473 Total liabilities and shareholders' equity $17,708,899 $16,026,134 Open Joint Stock Company "Vimpel-Communications" Unaudited Condensed Consolidated Statements of Cash Flows Six months ended June 30, 2008 2007 (In thousands of US dollars) Net cash provided by operating activities $1,821,228 $1,351,512 Proceeds from bank and other loans 4,955,985 291,896 Proceeds from sale of treasury stock 17,457 34,995 Payments of fees in respect of debt issues (52,766) (1,288) Repayment of bank and other loans (319,362) (215,434) Purchase of treasury shares (41,783) (81,069) Net cash provided by financing activities 4,559,531 29,100 Purchase of property and equipment (883,834) (558,550) Purchase of intangible assets (37,603) (14,185) Purchase of software (139,985) (83,636) Acquisition of subsidiaries, net of cash acquired (4,102,305) (55,924) Late payment of purchase price - (12,688) Loans granted (350,000) - Short term deposits (101,343) - Exercise of escrow cash depositing 200,170 - Prepayment for Limnotex (561,800) - Purchase of minority interest in consolidated subsidiaries (425,254) - Purchase of other assets, net (29,654) (55,454) Net cash used in investing activities (6,431,608) (780,437) Effect of exchange rate changes on cash and cash equivalents 25,920 5,997 Net increase (decrease) in cash and cash equivalents (24,929) 606,172 Cash and cash equivalents at beginning of period 1,003,711 344,494 Cash and cash equivalents at end of period $978,782 $950,666 Supplemental cash flow information Cash paid during the period: Income tax $330,721 $260,199 Interest $127,444 $99,475 Non-cash activities: Equipment acquired under financing agreements $54,880 $25,873 Accounts payable for equipment and license 275,074 199,033 Acquisitions: Fair value of assets acquired 2,544,330 41,636 Fair value of minority interest acquired 48,770 - Difference between the amount paid and the fair value of net assets acquired 3,152,540 14,288 Cash paid for the acquisition of subsidiaries (4,748,556) (55,924) Change in Fair value of Liabilities assumed $997,084 - Attachment C: Reconciliation Tables (Unaudited)

Reconciliation table of segments presented to segments reported in financial

statements due to inter-segment revenue adjustments (In millions of US dollars) Russia CIS Total Segment operating revenue 2,239 388 2,627 Inter-segment revenues -5 -11 -16 Operating revenues from external customers 2,234 377 2,611 Mobile Fixed business business Total Segment operating revenue 2,178 477 2,655 Inter-segment revenues -1 -5 -6 Elimination adjustments -1 -37 -38 Operating revenues from external customers 2,176 435 2,611 Reconciliation of Consolidated OIBDA (In millions of US dollars) OIBDA Consolidated Total Three months ended June 30, 2008 June 30, 2007 Mar 31, 2008 OIBDA 1,223 897 1,126 Depreciation (385) (285) (357) Amortization (101) (54) (67) Operating income 737 558 702 Reconciliation of OIBDA Margin OIBDA Margin Consolidated Total Three months ended June 30, 2008 June 30, 2007 Mar 31, 2008 OIBDA margin 46.8% 52.2% 53.4% Less: Depreciation as a percentage of net operating revenue (14.7%) (16.6%) (16.9%) Less: Amortization as a percentage of net operating revenue (3.9%) (3.1%) (3.2%) Operating income as a percentage of net operating revenue 28.2% 32.5% 33.3% Attachment D: Capex Development CAPEX (in US$ mln) 2Q 2008 2Q 2007 y-o-y 1Q 2008 q-o-q Total capex 664.0 334.8 98.3% 358.5 85.2% Russia 425.1 189.0 124.9% 212.5 100.0% CIS 238.9 145.8 63.9% 146.0 63.6% Kazakhstan 55.4 45.8 21.0% 42.6 30.0% Ukraine 54.1 46.0 17.6% 26.6 103.4% Armenia 20.9 20.4 2.5% 14.6 43.2% Uzbekistan 82.8 18.5 347.6% 48.0 72.5% Tajikistan 13.5 5.7 136.8% 7.2 87.5% Georgia 12.2 9.4 29.8% 7.0 74.3%

Vimpel-Communications

CONTACT: Alexander Boreyko, VimpelCom, +7-495-910-5977,
Investor_Relations@vimpelcom.com; or Michael Polyviou, FD, +1-212-850-5600,
mpolyviou@fd-us.com

Web site: http://www.vimpelcom.com/
http://www.vimpelcom.com/vietnam.wbp
http://www.vimpelcom.com/cambodia.wbp
http://www.vimpelcom.com/news/qrep.wbp

Autodesk to Present at Upcoming Investor Conferences

SAN RAFAEL, Calif., Aug. 28 /PRNewswire-FirstCall/ --

WHAT: Autodesk, Inc. today announced its executives will be speaking at the following investor conferences in the August 2008 quarter: -- Citigroup Global Technology Conference on September 4 in New York -- Deutsche Bank Technology Conference on September 10 in San Francisco -- Jefferies Technology Conference on September 11 in New York DETAILS: A live webcast, replay and podcast of the presentation will be available. Interested parties can hear the webcast and the replay over the Internet through Autodesk's Investor Relations Website at http://www.autodesk.com/investors. Please go to the Website at least 15 minutes early to register, download and install any necessary software. For those who cannot listen to the live broadcast, a replay will be available on this site shortly after the call. CONTACT: For more information, please call Autodesk Investor Relations at 415-507-6705. About Autodesk

Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com/.

Investors: David Gennarelli, david.gennarelli@autodesk.com, 415-507-6033 Katie Blanchard, katherine.blanchard@autodesk.com, 415-507-6034 Press: Pam Pollace, pam.pollace@autodesk.com, 415-547-2441 Colleen Rubart, colleen.rubart@autodesk.com, 415-547-2368

Autodesk, Inc.

CONTACT: Investors, David Gennarelli, +1-415-507-6033,
david.gennarelli@autodesk.com, or Katie Blanchard, +1-415-507-6034,
katherine.blanchard@autodesk.com, or Press, Pam Pollace, +1-415-547-2441,
pam.pollace@autodesk.com, or Colleen Rubart, +1-415-547-2368,
colleen.rubart@autodesk.com, all of Autodesk, Inc.

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

Skylogic, Eutelsat's Broadband Affiliate Receives ISO 14001 Environmental Certification

PARIS and TURIN, Italy, August 28 /PRNewswire-FirstCall/ -- Skylogic, the broadband affiliate of Eutelsat Communications (Euronext Paris: ETL) today announced that it has been awarded an ISO 14001 environmental management system certification from Bureau Veritas, an accredited certification body of quality, environmental and safety management systems. ISO 14001 confirms that Skylogic's offices and teleport in Turin have a certified system in place to monitor, manage and continuously improve its environmental management system.

Skylogic's facilities in Turin include offices in the city centre and a 10,000 square-metre site hosting one of Europe's largest teleports for satellite-based broadband and broadcast services. Equipped with state-of-the-art satellite technologies, the teleport is a centre for excellence for value-added services and has identified environmental management as a key priority. The site's environmental management system includes initiatives to reduce energy use and air emissions and to ensure continued strict maintenance of operational controls to prevent spills into soil and water.

Skylogic also follows the recommendations of the Waste Electrical and Electronic Equipment (WEEE) Directive on recycling electronic products. Launched in February 2003, the WEEE Directive aims to reduce the amount of waste electrical and electronic equipment produced and encourages everyone to reuse, recycle and recover it.

Arduino Patacchini, Chairman of Skylogic commented on the certification: "We see this certification as an important milestone in our efforts to reduce environmental impacts and preserve precious resources. Working together, we will continue to make progress towards our goal, which ultimately will make this a much more environmentally efficient workplace for all of our employees and the surrounding community."

First published as a standard in 1996, ISO 14001 specifies the requirements for an organisation's environmental management system. It applies to those environmental aspects over which an organisation has control and where it can be expected to have an influence.

Eutelsat has already secured ISO 9001: 2000 certification for its satellite control activities, encompassing satellite on-Station control and operation, launch and early orbit phase operations and ground control systems. First awarded in 2005, this certification was renewed for a three-year period in June 2008.

About Eutelsat Communications

Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is the holding company of Eutelsat S.A.. With capacity commercialised on 24 satellites that provide coverage over the entire European continent, as well as the Middle East, Africa, India and significant parts of Asia and the Americas, Eutelsat is one of the world's three leading satellite operators in terms of revenues. At 30 June 2008, Eutelsat's satellites were broadcasting more than 3,120 television channels and 1,100 radio stations. More than 1,100 channels broadcast via its HOT BIRD(TM) video neighbourhood at 13 degrees East which serves over 120 million cable and satellite homes in Europe, the Middle East and North Africa. The Group's satellites also serve a wide range of fixed and mobile telecommunications services, TV contribution markets, corporate networks, and broadband markets for Internet Service Providers and for transport, maritime and in-flight markets. Headquartered in Paris, Eutelsat and its subsidiaries employ 538 commercial, technical and operational experts from 27 countries.

http://www.eutelsat.com/ About Skylogic

Through its teleport in Turin, Italy, Eutelsat's Skylogic subsidiary provides broadband services in Europe, Africa, Asia and the Americas. Skylogic's broadband portfolio includes the D-STAR service for enterprises, local communities, government agencies and aid organisations, and the Tooway(TM) broadband service for consumers located beyond range of high-speed terrestrial networks.

http://www.skylogic.com/ For further information: Press, Vanessa O'Connor, Tel: +33-1-53-98-38-88, voconnor@eutelsat.fr; Frederique Gautier, Tel: +33-1-53-98-38-88, fgautier@eutelsat.fr; Investors, Gilles Janvier, Tel: +33-1-53-98-35-30, investors@eutelsat-communications.com

Eutelsat Communications

CONTACT: For further information: Press, Vanessa O'Connor, Tel:
+33-1-53-98-38-88, voconnor@eutelsat.fr; Frederique Gautier, Tel:
+33-1-53-98-38-88, fgautier@eutelsat.fr; Investors, Gilles Janvier, Tel:
+33-1-53-98-35-30, investors@eutelsat-communications.com

SKYLOGIC, la Filiale Haut Debit d'Eutelsat Obtient la Certification Environnementale 14001

PARIS et TURIN, Italie, August 28 /PRNewswire/ -- Skylogic, la filiale haut débit d'Eutelsat Communications (Euronext Paris: ETL) a annoncé aujourd'hui avoir reçu la certification ISO 14001 de son système de management environnemental. Ce label lui a été attribué par Bureau Veritas, l'un des premiers organismes de certification intervenant sur les normes de Qualité, de Santé et Sécurité, d'Environnement et de Responsabilité Sociale.

Cette certification ISO 14001 vient distinguer la mobilisation de Skylogic à mettre en oeuvre un système rigoureux de management permettant à l'entreprise de contrôler et réduire au minimum l'impact sur l'environnement de ses activités y compris l'exploitation son téléport Skypark.

En plus des bureaux installés au centre de la ville de Turin (Italie), Skylogic occupe à la sortie de la ville un site de 10 000 msquared sur lequel l'entreprise a implanté l'un des plus importants téléports d'Europe sur lequel elle exploite des services d'accès au haut débit par satellite et de télédiffusion. Equipé des plus récentes technologies de communications spatiales, ce téléport a fait du respect de l'environnement l'une des priorités de son développement au même titre que la qualité de ses services. Au titre des principales mesures mises en oeuvre, le système de management environnemental met l'accent sur les économies d'énergie, la réduction des émissions polluantes et des déchets dans l'air, dans l'eau et dans les sols et la gestion des équipements électriques et électroniques arrivés en fin de vie. Sur ce dernier point, Skylogic suit en particulier les recommandations de la directive européenne WEEE (Waste Electrical and Electronic Equipment) lancée en février 2003.

Arduino Patacchini, Président de Skylogic a commenté cette certification ainsi: " Cette certification est une étape importante qui récompense la mobilisation de notre entreprise en faveur de la réduction des impacts environnementaux de son activité et de la préservation des ressources vitales. Fédérant toutes nos équipes, nous avons fait de notre système de management environnemental un véritable projet d'entreprise. Notre objectif est de continuer à progresser sur chacun de ces terrains en s'attachant à conduire nos activités dans un esprit d'efficacité et de respect de l'environnement et des communautés que nous servons et qui nous entourent."

Rédigée en septembre 1996, la norme ISO 14001 prescrit les exigences relatives à un système de management environnemental permettant à un organisme de formuler une politique et des objectifs prenant en compte les exigences législatives et les informations relatives aux impacts environnementaux significatifs.

Eutelsat avait déjà obtenu la certification ISO 9001 de ses activités de contrôle de satellites, englobant les opérations de mise à poste d'un satellite à sa position géostationnaire après son lancement dans l'espace, les opérations de maintien à poste et de contrôle en orbite, et l'exploitation des systèmes de contrôle du secteur sol. Obtenue en 2005, cette certification a été renouvelée en juin 2008 pour une durée de trois ans.

A propos de Eutelsat Communications

Eutelsat Communications (Euronext Paris : ETL, code ISIN : FR0010221234) est la société holding d'Eutelsat S.A. Avec des ressources en orbite sur 24 satellites offrant une couverture sur toute l'Europe, le Moyen-Orient, l'Afrique et l'Inde, et sur de larges zones de l'Asie et du continent américain, Eutelsat est l'un des trois premiers opérateurs mondiaux de satellites en terme de chiffre d'affaires. Au 30 juin 2008, la flotte des satellites d'Eutelsat assure la diffusion de plus de 3 120 chaînes de télévision et 1 100 stations de radio. Plus de 1 100 programmes de télévision sont diffusés par les satellites HOT BIRD(TM) à la position orbitale 13degrees Est vers une audience de plus de 120 millions de foyers en Europe, Moyen-Orient et Afrique du Nord. La flotte d'Eutelsat sert également une large gamme de services fixes et mobiles de télécommunication et de diffusion de données pour les réseaux vidéo professionnels et les réseaux d'entreprise, ainsi qu'un portefeuille d'applications de services haut débit pour les fournisseurs d'accès Internet, les collectivités locales ainsi que pour les transports routiers, maritimes et aériens. Eutelsat, dont le siège est à Paris, regroupe 538 hommes et femmes issus de 27 pays.

http://www.eutelsat.com

A propos de Skylogic

Skylogic, filiale d'Eutelsat Communications, assure l'exploitation et la commercialisation de services de haut débit et de télédiffusion sur les téléports du Groupe, en France (Rambouillet) et en Italie (Turin). Skylogic commercialise ses services en Europe, en Afrique, en Asie et sur le continent américain. L'entreprise exploite en particulier le service D-STAR d'accès professionnel au haut débit pour les entreprises, les collectivités locales et les organisations humanitaires et le service grand public Tooway(TM), lancé en 2007, pour fournir un accès au haut débit aux foyers situés à l'écart des réseaux terrestres.

http://www.skylogic.com

Contacts Presse Vanessa O'Connor Tél.:+33-1-53-98-38-88 voconnor@eutelsat.fr Frédérique Gautier Tél.:+33-1-53-98-38-88 fgautier@eutelsat.fr Investisseurs Gilles Janvier Tél.:+33-1-53-98-35-30 investors@eutelsat-communications.com

Eutelsat Communications

Contacts, Presse, Vanessa O'Connor Tél.:+33-1-53-98-38-88, voconnor@eutelsat.fr, Frédérique Gautier Tél.:+33-1-53-98-38-88, fgautier@eutelsat.fr; Investisseurs, Gilles Janvier, Tél.:+33-1-53-98-35-30, investors@eutelsat-communications.com

Broadcom Announces New Digital Television Solution Supporting Global ConnectivityNext Generation DTV System-on-a-Chip Solution Combines DVB Standards with Advanced Functionality for Premium Picture Quality and Worldwide Compatibility

BERLIN, Aug. 28 /PRNewswire-FirstCall/ -- (IFA 2008) Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, today announced its next generation of digital television (DTV) system-on-a-chip (SoC) solutions designed for digital video broadcast (DVB)-based platforms to address European and Asian markets. By supporting global connectivity standards such as a digital video broadcast-terrestrial (DVB-T) demodulator, phase alternating line (PAL), sequential color with memory (SECAM) video support, and near instantaneous compounded audio multiplex (NICAM) audio support, Broadcom's latest single-chip SoC allows TV manufacturers to create products that offer distinguishing features and aid in the evolution of the DTV from a commodity display device to a highly differentiated entertainment system.

According to In-Stat research, the DTV market is being driven by the increased availability of digital programming and video content, especially high definition (HD), and by the migration from analog broadcasts to digital. In-Stat predicts the digital TV market will grow at a forecasted rate of 16.6% from 2007 to 2011, and the devices that connect to the TV, including Blu-ray Disc(R) DVD players, set-top boxes (STBs) and portable media players, will also continue to grow.

To enable TV manufacturers to take advantage of this growing digital TV market, Broadcom announces its BCM3556 single-chip DTV solution at the IFA Show in Berlin that now supports multiple compatibility standards in Europe and Asia. The Broadcom(R) BCM3556 DTV SoC also includes an advanced feature set including multi-format picture decoding in support of high definition AVC, H.264, VC-1, AVS and MPEG-2 streams. By supporting H.264, the latest video compression standard, the BCM3556 enables users to view multimedia and HD content with improved picture quality at lower bandwidth when accessing content from other consumer devices in the home network. The BCM3556's support of H.264 also provides access to H.264 broadcast content without the need of an additional decoder within the digital television.

The BCM3556 also integrates a host of features that allow TV manufacturers to create differentiated products, and when combined with improved picture quality, will enrich the consumers' DTV experience. One such feature is a 3D graphics core that provides consumers with a graphical user interface for flipping, rotating, moving or manipulating images, and enables OEMs to create specialized user interfaces that differentiates the TV from traditional flat, two dimension user interfaces.

"With the BCM3556, our DTV design partners can expand the use of Broadcom SoCs to address European and Asian markets," said Dan Marotta, Senior Vice President & General Manager of Broadcom's Broadband Communications Group. "By providing additional worldwide standards in our DTV product line, along with differentiated features to TV manufacturers, our design partners, in turn, can offer viewers greater connectivity and enhanced interactivity."

The advanced home network connectivity of the BCM3556 includes an integrated Ethernet media access controller (MAC) and physical layer (PHY) device that enables the SoC to connect with multiple home networking devices such as media servers, PCs, MP3 and portable media players. As a result, users can share and stream music, photo and movie content to and from connected TVs. A high-powered CPU, featuring a MIPS(R) dual core processor, rounds out the BCM3556's capabilities by providing consumers with a fast and responsive seamless user interface to content from either traditional broadcast sources as well as from personal or internet content.

The BCM3556 is available in package configurations that support WXGA (wide screen) display resolutions and a full 1080p high definition resolution. The new DTV SoC also incorporates a unique 3D color management system, as well as digital, analog and mosquito noise reduction. Also integrated is an advanced picture enhancement processor (PEP) to improve picture sharpness and perform picture post-processing functions. The PEP engine is fully programmable and can be optimized by each TV manufacturer to meet their respective quality requirements. As a result, the BCM3556 SoC enables TV manufacturers with better video quality, sharper images and more accurate color reproduction.

Technical Information

The BCM3556 is Broadcom's next generation DTV SoC that features an advanced video decoder, 3D graphics core, Ethernet MAC and PHY, and support for either WXGA or 1080p HD resolutions. These features, combined with a high level of integration and picture quality, will greatly enhance the DTV experience and enable TV manufacturers to reduce overall system cost and improve picture quality, all with a single SoC. Additional features are as follows:

-- Advanced multi-format decoder supports the following: - H.264/AVC Main and High Profile to Level 4.1 (HD), Level 3.1 (SD) - HD/SD AVS Jizhun Profile Levels 2.0, 4.0, and 6.0 - VC-1 Advanced Profile @ Level 3, Simple and Main Profiles - HD/SD MPEG-2 Main Profile at Main and High levels - MPEG still image decode - HD DivX(R) 3.11/4.11/5.x/6x/Home Theater -- 3D/2D OpenGL(R) ES 1.0-compliant graphics core -- Ethernet MAC and PHY -- Integrated video processing: - 3D color management - Digital, analog and mosquito noise reduction - 1080i motion adaptive de-interlacing with 3:2/2:2 pull-down - True 10-bit video -- Extensive audio support: - AAC LC, AAC LC+SBR Level 2, AAC+ Level 2, AAC-HE - Dolby Digital(R), Dolby Digital Plus, TruSurround XT(R) - MPEG 1 Layers 1, 2, and 3 (MP3) - Windows Media(R) and Windows Media Pro audio - Audio DACs, input switch and equalizer - Dolby Digital, TruSurround XT, MPEG Audio Decoder -- Integrated DVB-T COFDM terrestrial demodulator: - Standards compliance: ETSI EN 300 744, Nordig Unified v1.0.3, DTG D-Book 5 compliant - Excellent Doppler performance - Active impulse noise suppression -- PAL/SECAM demodulator -- PAL decoder with a 3D/2D comb -- 400-MHz Dual Core CMT MIPS32(R)/MIPS16e(TM) class processor -- NICAM audio decoder -- Single/dual-link LVDS transmitters -- Dual HDMI 1.3a receivers -- Dual USB 2.0 Availability and Pricing

The BCM3556 digital TV SoC solution is now sampling to early access customers. Pricing is available upon request.

About Broadcom's Broadband Communications Group

Broadcom offers manufacturers a range of broadband communications and consumer electronics system-on-a-chip solutions that enable voice, video, data and multimedia services over residential wired and wireless networks. These highly integrated silicon solutions continue to enable the most advanced system solutions on the market, which include digital cable, satellite and IP set-top boxes and media servers, broadband modems and residential gateways, high definition and digital televisions, Blu-ray Disc players and recorders and personal video recorders and media PC technology.

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. Examples of such forward-looking statements include, but are not limited to the market and demand for DTV decoder products, our position in that market, references to the future functionality of DTV solutions and the timing of volume production for the BCM3556. 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 BCM3556 DTV decoder products include, but are not limited to

-- our ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets; -- the rate at which our present and future customers and end-users adopt Broadcom's technologies and products in the markets for next generation DTV, PC, cable, satellite, IPTV and terrestrial set-top box applications; -- delays in the adoption and acceptance of industry standards in those markets; -- general economic and political conditions and specific conditions in the markets we address, including the volatility in the technology sector and semiconductor industry, trends in the broadband communications markets in various geographic regions, including seasonality in sales of consumer products into which our products are incorporated, and possible disruption in commercial activities related to terrorist activity or armed conflict in the United States and other locations; -- the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory; and -- the gain or loss of a key customer, design win or order.

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, except as required by law.

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. Blu-ray Disc(R) is a trademark of Sony Corporation. DivX(R) is a trademark of DivX, Inc. Dolby(R) is a trademark of Dolby Laboratories Licensing Corporation. MIPS(R),MIPS32(R) and MIPS16e(TM)are trademarks of MIPS Technology, Inc. OpenGL(R) ES is a trademark of Silicon Graphics, Inc. TruSurround XT(R) is a trademark of SRS Labs Inc. Windows Media(R) is a trademark of Microsoft Corporation. Any other trademarks or trade names mentioned are the property of their respective owners.

Broadcom Trade Press Contact Laura Brandlin Senior Director, Marketing Communications 949-926-5108 brandlin@broadcom.com Broadcom Investor Relations Contact T. Peter Andrew Vice President, Corporate Communications 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 Broadband

CONTACT: Trade Press, Laura Brandlin, Senior Director, Marketing
Communications, +1-949-926-5108, brandlin@broadcom.com, or Investor Relations,
T. Peter Andrew, Vice President, Corporate Communications,
+1-949-926-5663, andrewtp@broadcom.com, both of Broadcom Corporation

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

RadioShack to Carry Sprint's Samsung Instinct NationwideExclusive 4-day pricing of $99.99 available starting August 29 at company-owned stores

FORT WORTH, Texas, Aug. 28 /PRNewswire-FirstCall/ -- RadioShack Corporation , one of the nation's most trusted consumer electronics specialty retailers, today announced it will launch Sprint's Samsung Instinct nationwide this Labor Day weekend. As part of the nationwide launch, RadioShack will be offering a 4-day exclusive retail price of $99.99 in more than 4,400 convenient neighborhood RadioShack stores. The special pricing will be available to new Sprint customers only starting Friday, August 29 and running through Labor Day weekend.

The new award-winning Samsung Instinct provides the ability to quickly browse the Internet, access business or personal email, and share pictures with one finger tap on the touch-screen phone. Additional features include:

-- Two batteries with more than 11 hours of talk time -- GPS navigation and live search capabilities which enables users to find what they're looking for with voice guided, turn by turn directions, and 3D maps -- Digital voice mail -- Stereo Bluetooth -- Plus exclusive applications and content like "Sprint Music Store", "NFL Mobile" and "NASCAR" Sprint Cup Mobile

"We're excited to offer our customers the Wireless Association's Best in Show award-winning handset. The Samsung Instinct offers superb features with an appealing design. It's a great addition to our line up," said Peter Whitsett, RadioShack's executive vice president, general merchandising manager. "RadioShack's team of knowledgeable salespeople has an unparalleled understanding of wireless products and customer service, which is evident by recent surveys rating them as number one in customer wireless satisfaction."

The exclusive $99.99 handset pricing will be available to RadioShack customers who sign up for a new Sprint Simply Everything Plan. RadioShack customers who upgrade their Sprint service will receive $129.99 pricing on the Instinct. For exact terms and details, visit your neighborhood RadioShack store. To find the nearest location, visit http://www.radioshack.com/ and click on the store locator function.

About RadioShack Corporation

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

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

CONTACT: Wendy Dominguez of RadioShack Corporation, +1-817-415-3300,
Media.Relations@RadioShack.com

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

VoIP-PAL Initiates Proactive Investor Online Newsletter

SUN VALLEY, Calif., Aug. 28 /PRNewswire-FirstCall/ -- VoIP-PAL.com, Inc. (Pink Sheets: VPLM), a leading provider of telecommunications products and services, announces the development and implementation of an opt-in, ongoing, newsletter that will strive to expand awareness of VoIP-PAL.com's rapidly expanding broadband VoIP and loyalty platforms.

"This is an exciting period of growth and expansion for VoIP-PAL.com. The ability to keep our investors informed through our newsletter will serve to expand our tremendous telecommunication services available to consumers and business interests," said Richard Kipping, CEO of VoIP-PAL.com, Inc.

Our online newsletter and press releases will be distributed through an opt-in mailing program by visiting the Investor Area tab at http://www.voip-pal.com/, and completing the Investor Newsletter Registration.

About VoIP-PAL.com, Inc.

VoIP-PAL.com, Inc. is a broadband VoIP telecom company offering local and long distance VoIP services to consumers and business owners. The company offers turnkey solutions for its Partners for the Loyalty Transactional platform. For more information, please contact Richard Kipping at (818 627 0911) or Richard@voip-pal.com or visit us at http://www.voip-pal.com/.

For more information, please contact us at Info@voip-pal.com.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

VoIP-PAL.com, Inc.

CONTACT: Richard Kipping of VoIP-PAL.com, Inc., +1-818-627-0911,
Richard@voip-pal.com

Web site: http://www.voip-pal.com/

Adaptec Agrees to Acquire Aristos LogicStrategic Acquisition Creates New OEM OpportunitiesProvides Critical Building Blocks in Adaptec I/O Strategy

MILPITAS, Calif., Aug. 28 /PRNewswire-FirstCall/ -- Adaptec Inc. today announced it has signed a definitive agreement to acquire privately-held Aristos Logic Corporation (http://www.aristoslogic.com/), a provider of industry-leading RAID solutions, in a cash transaction for a total consideration of approximately $41.0 million. Completion of the acquisition remains subject to the satisfaction of certain closing conditions.

"I am very pleased by this synergistic acquisition. Aristos Logic will bring us a strategic customer base that drives new OEM opportunities for Adaptec. Aristos Logic's technologies and customers will also enable us to expand into high growth adjacent RAID segments, including performance desktops, blade servers, and enterprise-class external storage systems," said S. "Sundi" Sundaresh, president and chief executive officer of Adaptec. "As we build-out our I/O strategy -- advancing I/O performance while integrating additional controller-based system functionality beyond RAID -- the assets we will obtain through this acquisition will become even more valuable. Aristos Logic will also provide us with a strong ASIC roadmap. Their next generation 6 Gb/s serial RAID controllers will expand our channel offerings and enhance the value of our current lines of Unified Serial(TM) SATA and SAS products.

"Founded in 2000, Aristos Logic is headquartered in Foothill Ranch, Calif. and has approximately 75 employees. Aristos Logic is a leader in multi-protocol RAID storage processor technology delivered in both software and silicon solutions. Its strong ASIC development team has developed a highly-scalable architecture that can be leveraged across multiple product families ranging from entry-level internal RAID storage to high performance enterprise-class storage systems. Aristos Logic's products are deployed by industry-leading OEMs in high-density applications that require a compact footprint with unbeatable data protection and reliability.

"We are excited to be a part of Adaptec, a recognized leader in the data storage I/O market," said Anil Gupta, president & CEO of Aristos Logic. "Our award-winning RAID storage processor technology has long been recognized by top tier storage OEMs. I believe Adaptec's acquisition of Aristos Logic will strengthen its ability to serve the channel and OEM markets with an extremely compelling portfolio of storage products."

Today, Adaptec offers a comprehensive family of products built upon its Unified Serial Architecture that allows VARs, OEMs and IT organizations to create flexible storage solutions with cost-effective, high-capacity Serial ATA (SATA) disk drives, or high-performance Serial Attached SCSI (SAS) drives, or both, in a single storage system. In addition, Adaptec will continue to focus on the development of new technologies for integrating high-value, competitive advantages into its RAID controller and HBA products lines. It is also working to expand its global sales channels and strategic partnerships within the data storage ecosystem to increase its visibility in strategic markets.

Additional information will be provided in a Form 8-K that will be filed with the Securities and Exchange Commission in connection with the transaction, as well as during Adaptec's Q2 quarter 2009 conference call.

About Adaptec

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

About Aristos Logic

Aristos Logic is the leading supplier of RAID building blocks to the data storage industry. The company pioneered multi-protocol RAID Storage Processor (RSP) technology and has delivered software and silicon solutions based on the RSP technology. The scalability of Aristos Logic's products enable customers to leverage their designs across multiple product families ranging from cost effective internal RAID storage to high performance enterprise class storage systems targeted for the data center. Aristos Logic's products have been deployed by industry-leading storage OEMs worldwide in high-density applications that require a compact footprint along with data protection and reliability. Aristos is backed by a number of distinguished strategic investors as well as leading venture firms such as J. P. Morgan Partners (now Panorama Capital), Texas Pacific Group, Woodside Fund and Quicksilver Ventures. For further information, please visit our Web site at http://www.aristoslogic.com/.

Safe Harbor Statement

This news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements are statements regarding future events or the future performance of Adaptec, and may be identified by words such as "expects," "anticipates," "will," "intends," "plans," "projects," "believes" and other words or phrases expressing the possibility or potential for events to occur in the future. These forward-looking statements include -- statements regarding the anticipated or potential effect on Adaptec of its acquisition of Aristos Logic Corporation and Aristos' technology, in particular with respect to Adaptec's potential acquisition of a strategic customer base, Adaptec's ability to expand it business into certain RAID segments, potential enhancement of Adaptec's ASIC roadmap and capabilities, the expansion of Adaptec's channel offerings and enhancement of the value of its current lines of Unified Serial(TM) SATA and SAS Products -- statements regarding the future performance or success of, Aristos Logic's technologies and -- Adaptec's plans to continue to focus on the development of new technologies for integrating high-value, competitive advantages into its RAID controller and HBA products lines, through its 'data conditioning' strategy, as well as its efforts to expand its global sales channels and strategic partnerships within the data storage ecosystem to increase its visibility in strategic markets. These forward-looking statements are based on current expectations, forecasts and assumptions regarding Adaptec's and Aristos' business and involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements.

For a more complete discussion of risks related to our business, reference is made to the section titled "Risk Factors" included in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2008 on file with the Securities and Exchange Commission. Adaptec assumes no obligation to update any forward- looking information that is included in this release.

Adaptec is a registered trademark in the United States and other countries. Other product and company names are trademarks or registered trademarks of their respective owners.

Press Contact: Andrew Staples Walt & Company for Adaptec 408-369-7200 ext. 1056 astaples@walt.com Investor Contact: Nicole Noutsios 510-451-2952 nicole@nmnadvisors.com

Adaptec Inc.

CONTACT: Press, Andrew Staples of Walt & Company, +1-408-369-7200, Ext.
1056, astaples@walt.com; or Investors, Nicole Noutsios, +1-510-451-2952,
nicole@nmnadvisors.com, both for Adaptec Inc.

Web site: http://www.adaptec.com/
http://www.aristoslogic.com/

Radware to Present at INTERNET TELEPHONY(R) Conference & EXPO West 2008Executives Participate in Two Panels; Offering Insight on the RoleSession Initiation Protocol (SIP) and Security Play in Next-Generation Voice Networks

MAHWAH, New Jersey, August 28 /PRNewswire-FirstCall/ -- Radware , the leading provider of integrated application delivery solutions for business-smart networking, today announced that company executives will participate on two panels at TMC's INTERNET TELEPHONY(R) Conference & EXPO West 2008, held September 16-18, at the Los Angeles Convention Center in Los Angeles, California.

Radware's David Aviv, Vice President Advanced Services, will offer insight on the impact Session Initiation Protocol (SIP) will have on operators' next-generation networks. Entitled, "The Continuing Evolution: From TDM to SIP," Mr. Aviv will focus on the opportunities SIP could present for voice services in both fixed and mobile networks.

Radware's Avi Chesla, Vice President Security, will highlight best practices in Voice over Internet Protocol (VoIP) security. Mr. Chesla will address current VoIP security threats, and how operators can leverage a multi-layered approach to solve this challenge, during the session titled, "Best Practices in VoIP Security."

Both sessions will be held at on September 17, 2008, at 10 a.m. PDT.

INTERNET TELEPHONY Conference & EXPO, is the world's largest and best-attended IP Communications trade show. At the 2007 west coast event last September, the show drew over 7,000 buyers and sellers of IP Communications products and services. The show in September will be the 18th INTERNET TELEPHONY Conference & EXPO, and TMC projects total attendance to once again exceed 7,000.

"We're at an inflection point in the voice world - as fixed and mobile networks are converging on one platform to bring enhanced services that go beyond traditional voice telephony," said David Aviv, Vice President Advanced Services, Radware. "With this convergence brings exciting new opportunities in which people can communicate, but it also opens up the networks to new security threats for which there are safeguards that can improve the overall experience of the user, continued Avi Chesla, Vice-President Security, Radware.

"We are very pleased that David Aviv and Avi Chesla will be participating in this year's show. Radware is widely recognized and respected as an industry leader, and I am confident that our attendees will appreciate and value the opportunity to hear their perspective on SIP evolution and VoIP security," said TMC President and Conference Chairman, Rich Tehrani. "Over the past twelve months, widespread deployment of IP Communications services by global service providers, businesses and governments has reinforced that this exciting technology is a viable, cost-effective communications solution. As a result, we are seeing a significant number of senior-level executives attending INTERNET TELEPHONY Conference & EXPO as a means of learning about the technology so they too can take advantage of its benefits."

Registration for the show is now open. Anyone interested may register by visiting http://www.itexpo.com/. Limited booth space is still available as well. Vendors interested in exhibiting at the show should contact Dave Rodriguez at 1-203-852-6800, ext. 146 or at drodriguez@tmcnet.com.

About TMC

Technology Marketing Corporation (TMC) is an integrated global media company helping our clients build communities in print, in-person and online. TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, and IMS Magazine. TMC is also the first publisher to test new products in its own on-site laboratories, TMC Labs. TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. In addition, TMC produces INTERNET TELPHONY Conference & EXPO, Call Center 2.0 Conference and Communications Developer Conference. For more information about TMC, visit http://www.tmcnet.com/.

About Radware

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

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

Radware Ltd

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

ROFIN-SINAR and Manz Automation AG Enter into a Strategic Alliance

PLYMOUTH, Mich. and Hamburg, Germany, Aug. 28 /PRNewswire-FirstCall/ -- ROFIN-SINAR Technologies Inc. , one of the world's leading developers and manufacturers of high-performance laser beam sources and laser-based solutions, today announced that it had entered into a strategic alliance with Manz Automation AG (Reutlingen/Germany) to develop a new machine concept for the production of thin-film solar modules.

The strategic alliance aims to develop a new type of manufacturing equipment for the photovoltaic industry that combines laser edge ablation and laser cutting of thin-film solar modules within production. The innovative machine concept will allow two successive processes to be integrated into a single production line:

The laser edge ablation process Manz Automation developed in the past and the new process in the photovoltaic sector to cut glass using the ROFIN-SINAR protected MLBA laser process.

The combination of both process technologies using ROFIN-SINAR laser technology within an innovative machine concept shall result in cost savings in production and far-reaching improvements in the quality of the solar modules.

Within the cooperation the partners will bundle and benefit from their respective competences. Manz Automation as the engineering partner will develop the production system and integrate the laser technology. ROFIN-SINAR will be responsible for developing the laser cutting technology, which will be used exclusively by Manz Automation in the photovoltaic sector.

After the joint project starts in September 2008, the project is expected to take approximately 12 months until the new machines will be market-ready.

With operational headquarters in Plymouth, Michigan, and Hamburg, Germany, ROFIN-SINAR Technologies Inc. designs, develops, engineers and manufactures laser sources and laser-based system solutions for a wide range of applications. With production facilities in the US, Germany, UK, Sweden, Finland, Singapore and Japan, ROFIN-SINAR is one of the world's leading designers and manufacturers of industrial lasers and currently has more than 28,000 laser units installed worldwide and serves more than 3,000 customers. ROFIN-SINAR's shares trade on the NASDAQ Global Select Market under the symbol RSTI and are listed in Germany in the "Prime Standard" segment of the Frankfurt Stock Exchange under ISIN US7750431022. Additional information is available on ROFIN-SINAR's home page: http://www.rofin.com/.

Company Profile: Manz Automation AG

Reutlingen-based Manz Automation AG (ISIN: DE000A0JQ5U3), together with its subsidiaries, is by market share one of the world's leading technological providers of systems and components for automation, quality assurance and laser process technology for the photovoltaic industry and for automation and wet chemicals for the LCD industry. The Manz Group's core competences are in robotics, image processing, laser technology, wet chemicals as well as control and drive technology. The Manz Group has sales and/or service branches in Germany, Taiwan, the USA, China, South Korea, Spain, Hungary and Slovakia as well as a service alliance in India. In addition, the Manz Group has its own production facilities in Germany, Slovakia, Hungary, Taiwan and China. The Manz Group recorded revenues of around EUR 71.2 million in fiscal year 2007. Investor relations contact: Manz Automation AG, Birte-Christina Benecke, Phone: +49 (0)7121 - 9000-21, E-Mail: bbenecke@manz-automation.com.

Contact: Katharina Manok Gunther Braun ROFIN-SINAR 734-416-0206 - or - 011-49-40-733-63-256 ir@rofin.com

ROFIN-SINAR Technologies Inc.

CONTACT: Katharina Manok or Gunther Braun, both of ROFIN-SINAR
Technologies Inc., +1-734-416-0206 or +011-49-40-733-63-256, ir@rofin.com

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

Global Medical Devices Company Selects Varicent Performance Management Software

TORONTO, August 28 /PRNewswire/ --

- Company Sought Solution to Facilitate Flexible, Changing Incentive Compensation Plans

Varicent Software, an innovator and provider of sales performance management (SPM) solutions, today announced its solution, Varicent SPM, has been selected by medical devices company Smith & Nephew (LSE: SN; NYSE: SNN), to manage, model, analyze and report on incentive compensation plans and sales performance. Varicent SPM was selected after a comprehensive competitive evaluation.

"We have two primary goals in adopting sales performance management," said Mark Towne, Director Global Information Services, Smith & Nephew, Inc. "The first was to find a solution that would allow us to quickly model new plans in order to keep up with the ever changing requirement of our business. The second goal was to select a sales performance management platform that our many divisions can standardize on, making our processes and procedures uniform across the business. Varicent SPM was selected based on their ability to provide us the speed, flexibility and visibility for our sales compensation across all of our business units."

"We are excited to add Smith & Nephew to our growing list of customers," said Brian Hartlen, vice president of marketing, Varicent. "We are pleased that they chose Varicent to be a key contributor to their overall goal of improving sales effectiveness."

Using Varicent SPM, companies can efficiently and effectively manage and automate the process of calculating and reporting variable-based pay, providing more visibility and accountability into one of the organization's largest variable expenses.

In a phased deployment, Smith & Nephew will use Varicent SPM for incentive compensation management (ICM), Territory Management and Quota Planning across the Orthopedics, Endoscopy, and Advanced Wound Management divisions.

About Varicent

Varicent Software Incorporated delivers the most innovative sales performance management solution addressing the needs of business professionals across the entire enterprise. High performing companies relying on Varicent for better visibility and control of their complex variable compensation programs, automating the assignment of territories, the collection and approval of quotas, and reporting and analyzing sales performance include Waste Management, KLA-Tencor, AAA, Sonus Networks, Manpower, American Century Investments, Rogers, About.com (a New York Times company), and many others.

About Smith & Nephew

Smith & Nephew is a global medical technology business, specializing in Orthopedic Reconstruction, Orthopedic Trauma and Clinical Therapies, Endoscopy and Advanced Wound Management products. Smith & Nephew is a global leader in arthroscopy and advanced wound management and is one of the leading global orthopedics companies.

Smith & Nephew is dedicated to helping improve people's lives. The Company prides itself on the strength of its relationships with its surgeons and professional healthcare customers, with whom its name is synonymous with high standards of performance, innovation and trust. The Company operates in 32 countries around the world. Annual sales in 2007 were US$3.4 billion.

Varicent, Varicent SPM and Varicent Composer are trademarks of Varicent Software.

All other trademarks and company names mentioned are the property of their respective owners.

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

Varicent Software

Brian Hartlen of Varicent Software, +1-416-987-1241, bhartlen@varicent.com

GfK Group Achieves Dynamic Growth in 2nd Quarter

NUREMBERG, Germany, August 28 /PRNewswire/ -- The GfK Group recorded a successful second quarter in 2008. The Group achieved excellent sales growth in organic terms of 11.4%. Adjusted operating income rose by 13.4% to EUR 43.8 million compared with the second quarter of 2007. With a figure of 13.6%, the margin, which represents the ratio of adjusted operating income to sales, was above the same quarter in the prior year when it stood at 13.2%.

In the first six months of this year, organic sales growth amounted to 8.4%. The GfK Group therefore achieved the highest growth rate in organic terms since its IPO in 1999. All three sectors contributed to growth. Negative currency effects reduced sales growth by 4.5%. Sales reported after currency effects and acquisitions rose by 6.5% to EUR 589.7 million. Adjusted operating income increased to EUR 66.8 million after EUR 63.5 million in the first six months of 2007. At 11.3%, the margin almost matched the prior year's level of 11.5%.

The performance of the Retail and Technology sector was particularly pleasing, with the sector further expanding its strong margin in the second quarter of 2008. Despite unfavorable exchange rate developments, the Media sector achieved strong growth amounting to a high single-digit figure. At regional level, GfK recorded very strong growth in organic terms in Central and Eastern Europe, Asia and the Pacific and Latin America.

Overall, the GfK Group's order books are excellent. At the end of July, 80.3% of expected Group sales for 2008 were already posted or included under existing orders. This represents a further rise on the high level of the prior year of 79.4%.

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

GfK Gruppe

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

Broadcom Joins WirelessHD(TM) ConsortiumBroadcom Announces Support for WirelessHD Consortium as a Promoter Company to Assist in Development of Solutions for Wireless Connectivity for Streaming High Definition Content

BERLIN, Aug. 28 /PRNewswire-FirstCall/ -- IFA 2008-- Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, today announced at the IFA Show in Berlin that it has joined the WirelessHD(TM) consortium as a promoter company with a mutual goal of helping to enable wireless connectivity for streaming high definition (HD) content between consumer electronics devices and displays. As a promoter company, Broadcom will help to position WirelessHD as a leading organization for the advancement of standards used in the wireless home audio and video technology space by developing advanced solutions that will lower the cost of wireless video distribution.

"Broadcom is pleased to support the WirelessHD consortium as a promoter company and recognizes the importance of creating an industry-led effort for a next generation wireless digital network interface specification that enables the seamless delivery of voice, video, data and multimedia," said Dan Marotta, Senior Vice President & General Manager of Broadcom's Broadband Communications Group. "As the first and only wireless digital interface that combines true uncompressed high definition video, multi-channel audio, intelligent format and control data, and Hollywood approved content protection, we look forward to working with the WirelessHD consortium to achieve the mutual goal of providing consumers with a quick, simple and secure way to connect and transmit HD content among a wide range of digital devices."

WirelessHD is a worldwide organization dedicated to the advancement and enhancement of the WirelessHD standard, which has specified the unlicensed, globally available 60 GHz frequency band to enable wireless uncompressed high definition, high-quality video and data transmission. WirelessHD provides a high-speed wireless digital interface that will enable customers to simply connect, play, transmit and port their HD content in a secure manner at speeds as high as 4 Gigabits per second (Gbps) in real time.

"Broadcom has been a long time proponent and leader in the standardization and certification of a variety of communications technologies. Their experience and diversity of product categories will assist the consortium in achieving a widely implemented and interoperable standard," said John Marshall, President and Chairman of WirelessHD. "Broadcom's wired and wireless technology expertise at the communications core level provides additional synergies that will provide more reliable and robust communications between WirelessHD-enabled devices. We are excited to work with Broadcom to reinvent the way consumers access, control and experience their multimedia content."

WirelessHD solutions will be first targeted for builds into HDTVs as well as a wide range of fixed location and portable audio/video (A/V) devices. With the availability of high definition wireless connections, cables, switches and other complexities traditionally needed to support HDTVs, HD disc players, digital video cameras and game consoles are eliminated, allowing consumers the freedom to position WirelessHD-enabled devices anywhere in a room. With WirelessHD audio and video links, installing home theater systems will be dramatically simplified and the traditional need of locating devices in close proximity to the display will also be eliminated.

About Broadcom's Broadband Communications Group

Broadcom offers manufacturers a range of broadband communications and consumer electronics system-on-a-chip (SoC) solutions that enable voice, video, data and multimedia services over residential wired and wireless networks. These highly integrated silicon solutions continue to enable the most advanced system solutions on the market, which include digital cable, satellite and IP set-top boxes and media servers, broadband modems and residential gateways, high definition and digital televisions, Blu-ray Disc(R) players and recorders and personal video recorders and media PC technology.

About Broadcom

Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom(R) 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. Examples of such forward-looking statements include, but are not limited to references to Broadcom's future relationship with WirelessHD and Broadcom's ability to develop solutions that will lower the cost of wireless video distribution, the demand for high definition wireless consumer electronics products, and the timing of volume production for Broadcom chips that support WirelessHD technology. 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 Broadcom chip solutions that support WirelessHD technology include, but are not limited to

-- Intellectual property disputes and customer indemnification claims and other types of litigation risk;

-- Our ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets;

-- General economic and political conditions and specific conditions in the markets we address, including the continuing volatility in the technology sector and semiconductor industry, trends in the broadband communications markets in various geographic regions, including seasonality in sales of consumer products into which our products are incorporated, and possible disruption in commercial activities related to terrorist activity or armed conflict;

-- The rate at which our present and future customers and end-users adopt Broadcom's technologies and products in our target markets;

-- Problems or delays that we may face in shifting our products to smaller geometry process technologies and in achieving higher levels of design integration;

-- The risks and uncertainties associated with our international operations, particularly in light of terrorist activity, armed conflict or political unrest.

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, except as required by law.

All statements made by or concerning Broadcom or WirelessHD, respectively, are made solely by such applicable party and such party is solely responsible for the content of such statements.

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. Blu-ray Disc(R) is a trademark of Sony Corporation. WirelessHD(TM) is a trademark of the WirelessHD consortium. Any other trademarks or trade names mentioned are the property of their respective owners.

Broadcom Trade Press Contact Laura Brandlin Senior Director, Marketing Communications 949-926-5108 lbrandlin@broadcom.com Broadcom Investor Relations Contact T. Peter Andrew Vice President, Corporate Communications 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 Broadband

CONTACT: Trade Press, Laura Brandlin, Senior Director, Marketing
Communications, +1-949-926-5108, lbrandlin@broadcom.com, or Investor
Relations, T. Peter Andrew Vice President, Corporate Communications,
+1-949-926-5663, andrewtp@broadcom.com, both of Broadcom Corporation

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

VASCO Launches Digipass Go 7 Strong User AuthenticationDigipass Go 7 provides increased readability and enables large-scale postal roll-outs

OAKBROOK TERRACE, Ill., and ZURICH, Switzerland, Aug. 28 /PRNewswire-FirstCall/ -- VASCO Data Security International, Inc. (http://www.vasco.com/), the leading software security company specializing in authentication products, today announces the launch of Digipass Go 7. Digipass Go 7 is a user-friendly one-button authentication device allowing convenient strong user authentication for network access or Internet banking. Digipass Go 7 combines portability and ease-of-use with efficient large scale roll-out capabilities.

Digipass Go 7 is a one-button authentication device which allows users to remotely log on to applications, websites or corporate networks. It allows banks and other organizations to effectively combat Internet fraud by replacing static password or paper based passwords by dynamic one time passwords (OTP). When used in conjunction with Digipass for Web, Digipass Go 7 also provides e-signature capability. Digipass Go 7 relies on proven VASCO VACMAN and Identikey server technology.

Digipass Go 7 has been designed to facilitate banks and large enterprises to do efficient large scale roll-outs. The design of the Digipass Go 7 has been adapted for mailing purposes to fit regular postal fees. The Digipass is less than 10 mm (0.4 inches) thick and weighs 13 gr (0.46 ounces). Next to that the design is very robust and waterproof. The combination of these features allows banks and large enterprises to use postal services for the roll-out to a large number of customers or users.

Digipass Go 7 also enables customers to do host authentication. Host authentication allows the user to authenticate the business partner in order to verify the authenticity of the website or the application. With host authentication, the Digipass Go 7 will generate a long OTP, of which only the first part will be shown on the display of the Digipass Go 7. The user needs to enter this part of the password on to the website or in to the application. The transaction partner will receive the user's username and the first part of the password. The system will calculate the latter part of the password and send it back to the user. When pushing the Digipass Go 7 button for the second time, the user will receive the latter part of the password. This part needs to be compared with the password he received from the server of the transaction partner. If both passwords are the same, the user knows the website or the application is trustful.

VASCO pays a lot of attention to user-friendliness in its designs. In the design of Digipass Go 7 additional attention has been paid to the readability of the OTP. Therefore the high contrast LCD display has been enlarged. Digipass Go 7 is OATH-compliant.

For more information about Digipass Go 7: http://www.vasco.com/digipass-go7

About VASCO

VASCO is the number one supplier of strong authentication and e-signature solutions and services. VASCO has established itself as the world's leading software company specialized in Internet Security, with a customer base of over 7,600 companies in more than 100 countries, including more than 1,150 international financial institutions. VASCO's prime markets are the financial sector, enterprise security, e-commerce and e-government.

Forward Looking Statements

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

Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.

For more information contact:

Jochem Binst, +32 2 609 97 00, jbinst@vasco.com

VASCO

CONTACT: Jochem Binst of VASCO, +32 2 609 97 00, jbinst@vasco.com

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

Chunghwa Telecom Reports Operating Results for 1H 2008

TAIPEI, Taiwan, Aug. 28 /Xinhua-PRNewswire-FirstCall/ -- Chunghwa Telecom Co., Ltd (TAIEX: 2412; NYSE: CHT) ("Chunghwa" or "the Company"), today reported its consolidated operating results for the first six months of 2008. All figures were prepared in accordance with ROC GAAP.

(Logo: http://www.xprn.com/xprn/sa/200707261428.JPG ) (Comparisons, unless otherwise stated, are with the prior year period) Financial Highlights for 1H08: -- Total consolidated revenue increased by 5.4% to NT$100.9 billion -- Internet and data revenue grew by 1.8%; ADSL & FTTB revenue increased by 0.8% -- Mobile revenue decreased by 1.2%; Mobile VAS revenue increased by 31.7% -- Net income totaled NT$23.2 billion, a decrease of 5.6% -- Basic earnings per share (EPS) increased by 5.2% to NT$2.43 Financial Highlights for 2Q08: -- Total consolidated revenue decreased by 0.6% to NT$50.0 billion -- Internet and data revenue grew by 0.8%; ADSL & FTTB revenue decreased by 0.7% -- Mobile revenue decreased by 2.7%; Mobile VAS revenue increased by 28.3% -- Net income totaled NT$12.5 billion, an increase of 0.1% -- Basic earnings per share (EPS) increased by 12.0% to NT$1.31 Revenues

Chunghwa's total consolidated revenue for the first half of 2008 increased by 5.4% year-on-year to NT$100.9 billion, of which 28.5% was from fixed-line services, 35.9% was from mobile services, 24.6% was from Internet and data services, and the remaining 11.0% was from other revenues, including handset sales of Chunghwa and SENAO. Revenue growth for the full six month period in 1H 2008 was mainly due to the consolidation of the Senao subsidiary, as only 2.5 months of Senao's operational results were included in CHT's consolidated 1H 2007 financials. In addition, the Internet and data businesses were a positive contribution. At NT$24.8 billion, Internet and data revenue in 1H 2008 was 1.8% higher than in 1H 2007. This was driven by the continued total broadband subscriber base growth and broadband speed upgrades, and was partly offset by an ADSL tariff adjustment that took effect on April 1, 2008. Mobile revenue decreased by 1.2% in the first half of 2008 to NT$36.3 billion. This was mainly due to the decrease in traffic and the tariff cuts imposed by the NCC. Fixed-line revenues decreased by 3.1% to NT$28.7 billion in the first half of this year. Local revenues decreased by 2.3% year-on-year due to broadband, mobile and VoIP substitution. Mobile and VoIP substitution was largely responsible for a 5.6% domestic long distance revenue decrease. In addition, International long distance revenue declined 3.2% year-on-year primarily due to increased competition for calling card services posed by our competitors' prepaid card service and the decrease in settlement income resulting from the appreciation of new Taiwan dollars.

For the second quarter of 2008, total consolidated revenue was NT$50.0 billion, a 0.6% decrease from the same period last year. Of this, 28.7% was from fixed-line services, 36.3% was from mobile services and 24.5% was from Internet and data services, and over half of the remainder 10.5% were mainly attributed to the consolidation of revenue from SENAO.

Costs and expenses

For 1H 2008, total operating costs and expenses increased year-on-year by 4.9% to NT$68.6 billion, due primarily to the operating costs and expenses from subsidiaries, especially SENAO. For the parent company, total operating costs and expenses decreased by NT$0.42 billion, representing a year-over-year decrease of 0.7%. The decrease was primarily from decreased personnel and depreciation expenses.

For the second quarter of 2008, total operating costs and expenses decreased by 2.7%, mainly from declines in personnel expenses and depreciation, since the Company has not provided an early retirement program this year up to now and therefore incurred no related expenses.

Income tax

Income taxes for 1H 2008 were NT$7.0 billion, an increase of 8.8% compared to NT$6.4 billion for 1H 2007. This was mainly due to the higher effective tax rate for the 1H 2008 consolidated financials as compared to 1H 2007, resulting from a lower investment tax credits in 1H 2008.

EBITDA and net income

EBITDA for 1H 2008 increased 2.6% year-on-year to NT$51.5 billion. Due to the 2Q 2007 acquisition of SENAO, which has a lower EBITDA margin than Chunghwa, the Company's EBITDA margin in 1H 2008 was 51.1%, down from 52.5% in 1H 2007. Net income for 1H 2008 was NT$23.2 billion, a decrease of 5.6%. The decrease in net income was due to the unrealized mark-to-market loss stemming from the foreign exchange derivative contract.

Capex

Capital expenditures totaled NT$11.3 billon for 1H 2008, of which 73.6% was for wire line equipment (including fixed-line and Internet and data), 12.7% was for wireless equipment, and the remainder was for other expenditures. Total capital expenditures increased due to a NT$1.2 billion purchase of state-owned land in 1Q 2008, where one of Chunghwa's outlets is located.

Cash Flow

Net cash flow from operations increased by 27% to NT$41.5 billion, as compared to NT$32.7 billion in 1H 2007. This was primarily due to a decrease in other financial assets, an increase in accounts payable and taxes payable. As of June 30, 2008, the Company's cash and cash equivalents totaled NT$95.3 billion, an increase of 15.8% year-on-year despite the capital reduction cash payment of NT$9.6 billion in January this year.

Businesses Performance Highlights: Internet and Data Services -- Total HiNet subscribers increased to 4.1 million as of June 30, 2008. HiNet broadband subscribers including HiNet ADSL and HiNet FTTx increased by 23,000 to 3.5 million quarter-on-quarter. -- ADSL subscribers decreased by 126,000 to 3.5 million quarter-on-quarter. This decline was offset by strong growth in FTTB subscriptions, with 148,000 net additions to around 0.8 million over the course of the second quarter of 2008, bringing the total number of broadband subscribers to 4.3 million on June 30, 2008, a 3.4% increase compared to the same period of last year. By the end of June 2008, the number of ADSL and FTTx subscriptions with a service speed of greater than 8 Mbps reached 1.38 million, representing 32.1% of total broadband subscribers. -- At the end of June 2008, Chunghwa had 508,000 MOD subscribers, with 73,000 new subscriptions added during the second quarter. Mobile Services -- As of June 30, 2008, Chunghwa had 8.8 million mobile subscribers, slightly up quarter-on-quarter by 0.63% compared to 8.7 million on March 31, 2008. -- Chunghwa remained the leading mobile operator in Taiwan. According to statistics published by the NCC, at the end of June 2008, the Company's total subscriber market share (including 2G, 3G and PHS) was 35.6%, while its revenue share was 33.6%. -- Chunghwa had 306,000 net additions to its 3G subscriber base during the second quarter, recording a 11.8% rise in the total number of 3G subscribers to 2.9 million on June 30, 2008. -- Mobile VAS revenue for 1H 2008 was NT$3.4 billion, a 31.7% year-on-year increase, with SMS revenue up 24.9% and mobile Internet revenue up 58.2%. Fixed-line Services -- At the end of June 2008, the Company maintained its leading fixed-line market position, with fixed-line subscribers totaling 12.9 million. 2008 Olympic Games on New Media -- The Company broadcasted the 2008 Olympic Games across its MOD, emome and hiChannel platforms in August. According to its internal statistics, during the Olympic Games, from August 8 until August 24, the highest number of view household for MOD was up to 1.6 times compared to before the game. -- HiChannel visitors were 3.3 times and the page views amounted to 11.3 times compared to before the Games. -- Number of video clips viewed, page views and traffic over our mobile portal "emome" were 15.8, 10 and 10 times respectively, as compared to the period before the Games. Financial Statements

Financial statements and additional operational data can be found on the Company's website at http://www.cht.com.tw/ir/filedownload .

Note Concerning Forward-looking Statements

Except for statements in respect of historical matters, the statements made in this press release contain "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, financial condition or results of operations of Chunghwa to be materially different from what may be implied by such forward- looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, among other things: extensive regulation of telecom industry; the intensely competitive telecom industry; our relationship with our labor union; general economic and political conditions, including those related to the telecom industry; possible disruptions in commercial activities caused by natural and human induced events and disasters, including terrorist activity, armed conflict and highly contagious diseases, such as SARS; and those risks identified in the section entitled "Risk Factors" in Chunghwa's annual reports on Form F-20 filed with the SEC.

The forward-looking statements in this press release reflect the current belief of Chunghwa as of the date of this press release and we undertake no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date.

SPECIAL NOTE REGARDING NON-GAAP FINANCIAL MEASURES

A body of generally accepted accounting principles is commonly referred to as "GAAP". A non-GAAP financial measure is generally defined by the SEC as one that purports to measure historical or future financial performance, financial position or cash flows but excludes or includes amounts that would not be so adjusted in the most comparable U.S. GAAP measure. We disclose in this report certain non-GAAP financial measures, including EBITDA. EBITDA for any period is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other expenses, net, (iv) income tax, (v) cumulative effect of change in accounting principle, net of tax and (vi) (income) loss from discontinued operations.

In managing our business we rely on EBITDA as a means of assessing our operating performance. We believe that EBITDA can be useful to facilitate comparisons of operating performance between periods and with other companies because it excludes the effect of (i) depreciation and amortization, which represents a non-cash charge to earnings, (ii) certain financing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and inflation rates, which have little or no bearing on our operating performance, (iii) income tax and tax on assets and statutory employee profit sharing, which is similar to a tax on income and (iv) other expenses or income not related to the operation of the business. EBITDA is also a useful basis of comparing our results with those of other companies because it presents operating results on a basis unaffected by capital structure and taxes.

EBITDA is not a measure of financial performance under U.S. GAAP or ROC GAAP. EBITDA should not be considered as an alternate measure of net income or operating income, as determined on a consolidated basis using amounts derived from statements of operations prepared in accordance with ROC GAAP, as an indicator of operating performance or as cash flows from operating activity or as a measure of liquidity. EBITDA has material limitations that impair its value as a measure of a company's overall profitability since it does not address certain ongoing costs of our business that could significantly affect profitability such as financial expenses and income taxes, depreciation, pension plan reserves or capital expenditures and associated charges. The EBITDA presented herein relates to ROC GAAP, which we use to prepare our consolidated financial statements.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412; NYSE: CHT) is the leading telecom service provider in Taiwan. Chunghwa Telecom provides fixed-line, mobile and Internet and data services to residential and business customers in Taiwan.

If you have any questions in connection with the change of accounting policy, please contact the following person:

Ms. Fu-fu Shen Tel: +886-2-2344-5488 Fax: +886-2-3393-8188 Email: ffshen@cht.com.tw Address: CHUNGHWA TELECOM CO., LTD. 21-3 Hsinyi Road, Section 1, Taipei, Taiwan, Republic of China

Chunghwa Telecom

CONTACT: Fu-fu Shen, +886-2-2344-5488, fax, +886-2-3393-8188 or
ffshen@cht.com.tw

Web site: http://www.xprn.com/xprn/sa/200707261428.JPG
http://www.cht.com.tw/ir/filedownload

Media advisory - Certicom to Hold First Quarter Fiscal 2009 Conference Call on September 4, 2008

MISSISSAUGA, ON, Aug. 27 /PRNewswire-FirstCall/ -- Certicom Corp. (TSX: CIC)

------------------------------------------------------------------------- First Quarter Fiscal 2009 September 3 2008 Earnings Release after market close ------------------------------------------------------------------------- Conference Call and Webcast September 4 2008, 10 a.m. ET (7 a.m. PT) ------------------------------------------------------------------------- Hosted by Karna Gupta, Chief Executive Officer; Herve Seguin, Chief Financial Officer ------------------------------------------------------------------------- Participant Numbers 416-644-3417 or 1-800-733-7571 -------------------------------------------------------------------------

A question and answer session for analysts and institutional investors will follow management's presentation.

A taped rebroadcast will be available to listeners until 12 a.m. on September 11, 2008. To access the rebroadcast, please dial 416-640-1917 or 877-289-8525 and enter the passcode 21276301 followed by the number sign.

About Certicom

Certicom protects the value of content, applications and devices with government-approved security. Adopted by the National Security Agency (NSA) for government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the global leader in ECC, Certicom security offerings are currently licensed to more than 300 customers including General Dynamics, Motorola, Oracle, Research In Motion and Unisys. Founded in 1985, Certicom's corporate offices are in Mississauga, Ontario, Canada with worldwide sales and marketing headquarters in Reston, Virginia and offices in the U.S., Canada, Europe and China. Visit http://www.certicom.com/

Certicom, Certicom Security Architecture, Certicom Trust Infrastructure, Certicom CodeSign, Certicom KeyInject, Security Builder, Security Builder API, Security Builder BSP, Security Builder Crypto, Security Builder ETS, Security Builder GSE, Security Builder IPSec, Security Builder NSE, Security Builder PKI and Security Builder SSL are trademarks or registered trademarks of Certicom Corp. All other companies and products listed herein are trademarks or registered trademarks of their respective holders. Information subject to change.

Certicom Corp.

CONTACT: Investors and Financial Analysts: Herve Seguin, Chief Financial
Officer, Certicom Corp., (905) 501-3827, hseguin@certicom.com; Media: John
Callahan, Director, Public Relations & Marketing Communications, Certicom
Corp., (703) 234-2357, jcallahan@certicom.com, http://www.certicom.com/

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