Salesforce.com Announces Fiscal First Quarter ResultsFirst Enterprise Cloud Computing Company to Exceed $1.2B Annual Revenue Run Rate- Record Revenue of $305 Million, up 23% Year-Over-Year- Record GAAP EPS of $0.15, up 88% Year-Over-Year- Net Customers Increase 3,900 in the Quarter to 59,300- Record Operating Cash Flow of $98 Million, up 17% Year-Over-Year- Total Cash and Marketable Securities of $984 Million, up $233 Million Year-Over-Year

SAN FRANCISCO, May 21 /PRNewswire-FirstCall/ -- Salesforce.com , the enterprise cloud computing company, today announced results for its fiscal first quarter ended April 30, 2009.

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"We are pleased to report record revenue, GAAP earnings per share, and cash flow for our fiscal first quarter," said Marc Benioff, chairman and CEO, salesforce.com. "In a tough IT spending environment, we added a first quarter record 3,900 net new customers to bring our total to over 59,000, and strong cost controls enabled us to raise our full year earnings guidance."

Salesforce.com delivered the following results for the first quarter:

Revenue: Total Q1 revenue was $304.9 million, an increase of 23% on a year-over-year basis and an increase of 5% on a quarter-over-quarter basis. Subscription and support revenues were $281.8 million, an increase of 25% on a year-over-year basis and an increase of 6% on a quarter-over-quarter basis. Professional services and other revenues were $23.1 million, an increase of 4% on a year-over-year basis and a decrease of 1% on a quarter-over-quarter basis.

Earnings per Share: Q1 GAAP diluted earnings per share were approximately $0.15, including approximately $21.7 million in stock based compensation expense and approximately $2.6 million in amortization of purchased intangibles related to previously announced acquisitions. For purposes of the Q1 GAAP EPS calculations, there was an average of approximately 125 million diluted shares outstanding during the quarter.

Customers: Net paying customers rose approximately 3,900 during the quarter to finish at approximately 59,300. Compared with the year ago quarter, net paying customers have grown by approximately 15,700.

Cash: Cash from operations for the fiscal first quarter was approximately $98 million, up from $76 million in the fourth quarter, and up 17% year-over-year. Total cash, cash equivalents and marketable securities finished the quarter at approximately $984 million, an increase of approximately $101 million from Q4 and approximately $233 million from the year prior.

Deferred Revenue: Deferred revenue on the balance sheet as of April 30, 2009 was $549 million, an increase of 17% on a year-over-year basis and a decline of 8% on a quarter-over-quarter basis.

As of May 21, 2009, salesforce.com is initiating guidance for its second quarter, fiscal year 2010. For its full fiscal year 2010, the company is updating its prior revenue guidance and EPS guidance.

Q2 FY10: Revenue for the company's second fiscal quarter is projected to be in the range of approximately $312 million to approximately $313 million. GAAP diluted EPS is expected to be in the range of approximately $0.14 to approximately $0.15. Stock based compensation expense is expected to be approximately $22.1 million, and amortization of purchased intangibles of previously announced acquisitions is expected to be approximately $2.2 million. For purposes of the Q2 GAAP EPS calculation, the company is expecting an average diluted shares count of approximately 126 million shares, a GAAP tax rate of approximately 43% and a minority interest expense of approximately $500,000.

Full Year FY10: The company today is reducing the full year revenue guidance it provided on February 25, 2009, with revenue now expected to be approximately $1.25 billion to approximately $1.27 billion. The company is raising its earnings outlook for the full year, expecting GAAP diluted EPS to be in the range of approximately $0.59 to approximately $0.60. Stock based compensation expense is expected to be approximately $90 million, and amortization of purchased intangibles of previously announced acquisitions is currently expected to be approximately $9.3 million. For purposes of the full fiscal year 2010 GAAP EPS calculation, the company is expecting an average diluted shares count of approximately 127 million shares, a GAAP tax rate of approximately 43%, and a minority interest expense of approximately $2 million.

Quarterly Conference Call

Salesforce.com will host a conference call to discuss its first quarter fiscal 2010 results at 2:00 p.m. Pacific Daylight Time today. A live audio webcast of the conference call, together with detailed financial information, can be accessed through the company's Investor Relations Web site at http://www.salesforce.com/investor. In addition, an archive of the webcast can be accessed through the same link. Participants who choose to call in to the conference call can do so by dialing domestically 866-901-SFDC or 866-901-7332 and internationally 706-902-1764. A replay will be available at (800) 642-1687 or (706) 645-9291, passcode 99074003, until midnight (EDT) June 12, 2009.

About salesforce.com

Salesforce.com is the enterprise cloud computing company. The company's portfolio of Salesforce CRM applications, available at http://www.salesforce.com/products/, has revolutionized the ways that companies collaborate and communicate with their customers across sales, marketing and service. The company's Force.com Platform (http://www.salesforce.com/platform/) enables customers, partners and developers to quickly build powerful business to run every part of the enterprise in the cloud. Based on salesforce.com < http://salesforce.com/ > 's real-time, multi-tenant architecture, Salesforce CRM and Force.com offer the fastest path to customer success with cloud computing.

As of April 30, 2009, salesforce.com manages customer information for approximately 59,300 customers including Allianz Commercial, Dell, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, and SunTrust Banks.

Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.

"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements about expected revenue and GAAP earnings per share for the second fiscal quarter of 2010 and for the full fiscal year 2010, and our expected tax rate, stock based compensation expense, amortization expense, minority interest expense, and shares outstanding, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make.

The risks and uncertainties referred to above include - but are not limited to - risks associated with possible fluctuations in our financial and operating results, rate of growth and anticipated revenue run rate; errors, interruptions or delays in our service or our Web hosting; breaches of our security measures; the financial impact of any future acquisitions; the nature of our business model; our ability to continue to release, and gain customer acceptance of, new and improved versions of our service; successful customer deployment and utilization of our existing and future services; changes in our sales cycle; competition; various financial aspects of our subscription model; unexpected increases in attrition or decreases in new business; the emerging market in which we operate; our ability to hire, retain and motivate our employees and manage our growth; changes in our customer base; technological developments; regulatory developments; litigation; unanticipated changes in our effective tax rate; and fluctuations in the number of shares we have outstanding, the price of such shares, foreign currency exchange rates, interest rates, and general developments in the economy, financial markets, and credit markets.

Further information on these and other factors that could affect our financial results is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings we make with the Securities and Exchange Commission from time to time, including our Form 10-Q that will be filed for the quarter ended April 30, 2009 and our Form 10-K for the fiscal year ended January 31, 2009. These documents are available on the SEC Filings section of the Investor Information section of our website at http://www.salesforce.com/investor.

Salesforce.com, inc. assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

Copyright (c) 2009 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.

salesforce.com, inc. Condensed Consolidated Statements of Operations (in thousands, except per share data) (Unaudited) Three Months Ended April 30, ---------------- 2009 2008 ---- ---- Revenues: Subscription and support $281,768 $225,341 Professional services and other 23,156 22,281 ------ ------ Total revenues 304,924 247,622 Cost of revenues (1): Subscription and support 37,028 28,710 Professional services and other 24,772 22,588 ------ ------ Total cost of revenues 61,800 51,298 Gross profit 243,124 196,324 Operating expenses (1): Research and development 31,584 19,767 Marketing and sales 138,267 122,704 General and administrative 43,150 38,432 ------ ------ Total operating expenses 213,001 180,903 Income from operations 30,123 15,421 Interest, net 4,322 6,722 Other income (expense) 371 (763) --- ---- Income before provision for income taxes and noncontrolling interest 34,816 21,380 Provision for income taxes (15,823) (10,311) ------- ------- Consolidated net income 18,993 11,069 Less: Net income attributable to noncontrolling interest (557) (1,514) ---- ------ Net income attributable to salesforce.com $18,436 $9,555 ======= ====== Basic net income per share attributable to salesforce.com common shareholders $0.15 $0.08 Diluted net income per share attributable to salesforce.com common shareholders $0.15 $0.08 Shares used in computing basic net income per share 123,206 119,778 Shares used in computing diluted net income per share 125,349 124,414 (1) Amounts include stock-based expenses, as follows: Cost of revenues $3,156 $2,675 Research and development 3,084 2,099 Marketing and sales 9,942 8,121 General and administrative 5,481 5,170 ----- ----- Total stock-based expenses $21,663 $18,065 ======= ======= salesforce.com, inc. Condensed Consolidated Statements of Operations As a percentage of total revenues: (Unaudited) Three Months Ended April 30, ---------- 2009 2008 ---- ---- Revenues: Subscription and support 92% 91% Professional services and other 8 9 -- -- Total revenues 100 100 Cost of revenues: Subscription and support 12 12 Professional services and other 8 9 - - Total cost of revenues 20 21 Gross profit 80 79 Operating expenses: Research and development 10 8 Marketing and sales 46 50 General and administrative 14 15 -- -- Total operating expenses 70 73 Income from operations 10 6 Interest, net 1 3 Other income (expense) 0 0 -- -- Income before provision for income taxes and noncontrolling interest 11 9 Provision for income taxes (5) (4) -- -- Consolidated net income 6 5 Less: Net income attributable to noncontrolling interest 0 (1) -- -- Net income attributable to salesforce.com 6% 4% == == Stock-based expenses as a percentage of total revenues, as follows: Cost of revenues 1% 1% Research and development 1 1 Marketing and sales 3 3 General and administrative 2 2 -- -- Total stock-based expenses 7% 7% == == salesforce.com, inc. Condensed Consolidated Balance Sheets (in thousands) April 30, January 31, 2009 2009 ---- ---- (unaudited) Assets Current assets: Cash and cash equivalents $341,705 $483,834 Short-term marketable securities 174,909 213,769 Accounts receivable, net 145,869 266,555 Deferred commissions 36,862 39,384 Deferred income taxes 27,273 31,900 Prepaid expenses and other current assets 36,242 33,115 ------ ------ Total current assets 762,860 1,068,557 Marketable securities, noncurrent 467,210 184,962 Fixed assets, net 88,479 77,027 Deferred commissions, noncurrent 16,144 17,699 Deferred income taxes, noncurrent 27,600 26,589 Capitalized software, net 28,948 29,989 Goodwill 44,872 44,872 Other assets, net 31,587 30,127 ------ ------ Total assets $1,467,700 $1,479,822 ========== ========== Liabilities and stockholders' equity Current liabilities: Accounts payable $15,757 $16,379 Accrued expenses and other current liabilities 131,704 163,205 Income taxes payable 3,143 3,619 Deferred revenue 539,490 583,763 ------- ------- Total current liabilities 690,094 766,966 Income taxes payable, noncurrent 14,041 12,490 Long-term lease liabilities and other 14,879 7,616 Deferred revenue, noncurrent 9,883 10,263 ----- ------ Total liabilities 728,897 797,335 salesforce.com stockholders' equity: Common stock 124 123 Additional paid-in capital 687,503 648,724 Accumulated other comprehensive loss (4,050) (2,905) Retained earnings 44,278 25,842 ------ ------ Total stockholders' equity controlling interest 727,855 671,784 Total stockholders' equity noncontrolling interest 10,948 10,703 ------ ------ Total salesforce.com stockholders' equity 738,803 682,487 ------- ------- Total liabilities and stockholders' equity $1,467,700 $1,479,822 ========== ========== salesforce.com, inc. Condensed Consolidated Statements of Cash Flows (in thousands) (Unaudited) Three Months Ended April 30, ----------------- 2009 2008 ---- ---- Operating activities: Net income attributable to salesforce.com $18,436 $9,555 Adjustments to reconcile net income to net cash provided by operating activities: Noncontrolling interest 557 1,514 Depreciation and amortization 12,145 8,158 Amortization of deferred commissions 14,946 14,723 Expenses related to stock-based awards 21,663 18,065 Excess tax benefits from employee stock plans (9,448) (12,698) Changes in assets and liabilities 39,677 44,515 ------ ------ Net cash provided by operating activities 97,976 83,832 ------ ------ Investing activities: Changes in marketable securities (242,638) 16,540 Capital expenditures (13,428) (24,177) ------- ------- Net cash used in investing activities (256,066) (7,637) -------- ------ Financing activities: Proceeds from the exercise of stock options 9,168 11,485 Excess tax benefits from employee stock plans 9,448 12,698 Principal payments on capital lease obligations (1,248) (5) ------ -- Net cash provided by financing activities 17,368 24,178 ------ ------ Effect of exchange rate changes (1,407) (920) ------ ---- Net (decrease) increase in cash and cash equivalents (142,129) 99,453 Cash and cash equivalents, beginning of period 483,834 279,095 ------- ------- Cash and cash equivalents, end of period $341,705 $378,548 ======== ======== salesforce.com, inc. Additional Metrics (Unaudited) Apr Jan Oct Jul Apr Jan 30, 31, 31, 31, 30, 31, 2009 2009 2008 2008 2008 2008 ---- ---- ---- ---- ---- ---- Full Time Equivalent Headcount 3,607 3,566 3,318 3,046 2,864 2,606 Financial data (in thousands): Cash, cash equivalents and marketable securities $983,824 $882,565 $804,606 $823,417 $750,633 $669,800 Deferred revenue, current and noncurrent $549,373 $594,026 $469,534 $479,546 $470,297 $480,894 Three Months Ended April 30, ----------------- 2009 2008 ---- ---- Revenues by geography (in thousands): Americas $220,650 $178,371 Europe 51,602 45,164 Asia Pacific 32,672 24,087 ------ ------ $304,924 $247,622 ======== ======== As a percentage of total revenues: Revenues by geography: Americas 72% 72% Europe 17 18 Asia Pacific 11 10 -- -- 100% 100% === ===

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CONTACT: David Havlek, Investor Relations, +1-415-536-2171,
dhavlek@salesforce.com, or Jane Hynes, Public Relations, +1-415-901-5079,
jhynes@salesforce.com, both of salesforce.com

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

Autodesk Reports First Quarter Fiscal 2010 Financial ResultsImplements Previously Announced Plan To Further Reduce Expenses

SAN RAFAEL, Calif., May 21 /PRNewswire-FirstCall/ -- Autodesk, Inc. today reported financial results for the first quarter of fiscal 2010.

-- Revenue was $426 million, a decrease of 29 percent compared to the first quarter of fiscal 2009. -- GAAP diluted loss per share was $0.14, compared to earnings of $0.41 per diluted share in the first quarter last year. -- Non-GAAP diluted earnings per share in the first quarter was $0.18, compared to $0.50 per diluted share in the first quarter last year. A reconciliation of the GAAP and non-GAAP results is provided in the tables within this press release. -- Autodesk began implementing a previously announced expense reduction plan, which is anticipated to result in pre-tax cost savings of approximately $120 million in fiscal 2010.

"Our revenue results for the quarter continue to reflect the global economic downturn, which is impacting our business on almost every front," said Carl Bass, Autodesk president and CEO. "We made significant progress in our continued effort to improve our cost structure and ongoing efficiencies, which resulted in lower than expected operating costs for the quarter and greater than expected earnings per share and cash flow."

Operational Overview

By geography, EMEA revenue was $167 million, a decrease of 35 percent over the first quarter of fiscal 2009 as reported, and a decrease of 24 percent on a constant currency basis. Revenue in the Americas decreased 15 percent compared to the first quarter of fiscal 2009, to $164 million. Revenue in Asia Pacific was $95 million, a decrease of 36 percent as reported and on a constant currency basis year-over-year. Revenue from emerging economies decreased 42 percent, compared to the first quarter of fiscal 2009 to $59 million and represented 14 percent of total revenue.

Combined revenue from Autodesk's model-based 3D design solutions decreased 16 percent compared to the first quarter of fiscal 2009 to $122 million and comprised 29 percent of total revenue for the quarter. Revenue from 2D horizontal and vertical products decreased 39 percent to $208 million as compared to the first quarter of fiscal 2009. Combined revenue from AutoCAD and AutoCAD LT, two of our important 2D horizontal products, declined 42 percent.

Further Reducing Expenses

Autodesk began implementing its new expense reduction plan, which was announced in April. The plan is anticipated to result in pre-tax cost savings of approximately $120 million in fiscal 2010. Combined with the expense reduction initiatives announced in January, Autodesk anticipates achieving approximately $250 million in total cost savings in fiscal 2010, as compared to fiscal 2009.

The new expense reduction initiatives will be achieved by reducing discretionary spending and contingent labor, and through a restructuring plan. The restructuring plan will result in a staff reduction of approximately 430 and the closure of certain facilities. The staff reduction will be partially offset by the hiring of approximately 100 key positions in select areas.

The company anticipates taking a pre-tax restructuring charge in the range of $33 million to $40 million. Approximately $29 million to $35 million in pre-tax charges will be taken in the second quarter of fiscal 2010. Most of the remaining charge will be taken in the third quarter of fiscal 2010.

"While we have already achieved significant cost savings, it was clear that additional measures had to be taken in order to better align our cost structure with current revenue expectations," Bass continued. "The ultimate goal of these measures is to reduce our near-term expenses as well as further improve our operational efficiencies over the long-term. We will continue to balance these cost reduction actions with strategic investments as we navigate the current economic cycle and position Autodesk for long-term success."

Business Outlook

The following statements are forward-looking statements which are based on current expectations and which involve risks and uncertainties some of which are set forth below. Autodesk is only providing revenue and earnings per share guidance for its fiscal second quarter of 2010 at this time.

Second Quarter Fiscal 2010

Net revenue for the second quarter of fiscal 2010 is expected to be in the range of $395 million and $420 million. GAAP loss per diluted share is expected to be in the range of $0.09 and $0.03. Non-GAAP earnings per diluted share are expected to be in the range of $0.15 and $0.20 and exclude restructuring related charges of between $0.10 and $0.11, $0.08 related to stock-based compensation expense and $0.05 for the amortization of acquisition related intangibles.

Earnings Conference Call and Webcast

Autodesk will host its first quarter conference call today at 5:00 p.m. EDT. The live broadcast can be accessed at http://www.autodesk.com/investors. Supplemental financial information and prepared remarks for the conference call will be posted to the investor relations section of our website simultaneously with this press release.

NOTE: The prepared remarks will not be read on the conference call. The conference call will include only brief remarks followed by questions and answers.

A replay of the broadcast will be available at 7:00 pm EDT at http://www.autodesk.com/investors. This replay will be maintained on our website for at least twelve months.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements in the paragraphs under "Business Outlook" above, statements regarding anticipated market trends, cost savings, timing of certain charges and other statements regarding our expected strategies, performance and results. Other factors that could cause actual results to differ materially include the following: general market and business conditions, our performance in particular geographies, including emerging economies, the financial and business condition of our reseller and distribution channels, fluctuation in foreign currency exchange rates, failure to achieve planned cost reductions and productivity increases, difficulties encountered in integrating new or acquired businesses and technologies, the inability to identify and realize the anticipated benefits of acquisitions, unexpected fluctuations in our tax rate, the timing and degree of expected investments in growth opportunities, slowing momentum in maintenance revenues, failure to achieve sufficient sell-through in our channels for new or existing products, pricing pressure, failure to achieve continued migration from 2D products to 3D products, changes in the timing of product releases and retirements, failure of key new applications to achieve anticipated levels of customer acceptance, failure to achieve continued success in technology advancements, interruptions or terminations in the business of Autodesk consultants, and unanticipated impact of accounting for technology acquisitions.

Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's report on Form 10-K for the year ended January 31, 2009, which is on file with the U.S. Securities and Exchange Commission. Autodesk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

About Autodesk

Autodesk, Inc. is a world leader in 2D and 3D design software for the manufacturing, 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 built. 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/.

Autodesk and AutoCAD, are registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders. Autodesk reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.

(C) 2009 Autodesk, Inc. All rights reserved. Autodesk, Inc. Consolidated Statements of Operations (In millions, except per share data) Three Months Ended April 30, --------- 2009 2008 ---- ---- (Unaudited) Net revenue: License and other $243.6 $432.2 Maintenance 182.2 166.6 ----- ----- Total net revenue 425.8 598.8 ----- ----- Cost of license and other revenue 49.5 56.0 Cost of maintenance revenue 2.8 2.0 --- --- Total cost of revenue 52.3 58.0 Gross margin 373.5 540.8 Operating Expenses: Marketing and sales 185.8 225.5 Research and development 124.1 145.6 General and administrative 45.5 49.8 Impairment of goodwill 21.0 - Restructuring charges 16.5 - ---- --- Total operating expenses 392.9 420.9 ----- ----- Income (loss) from operations (19.4) 119.9 Interest and other income (expense), net - 6.9 --- --- Income (loss) before income taxes (19.4) 126.8 Income tax (provision) benefit (12.7) (32.2) ----- ----- Net income (loss) $(32.1) $94.6 ====== ===== Basic net income (loss) per share $(0.14) $0.42 ====== ===== Diluted net income (loss) per share $(0.14) $0.41 ====== ===== Shares used in computing basic net income (loss) per share 227.1 226.2 ===== ===== Shares used in computing diluted net income (loss) per share 227.1 232.6 ===== ===== Autodesk, Inc. Condensed Consolidated Balance Sheets (In millions) April 30, January 31, 2009 2009 ---- ---- (Unaudited) ASSETS: Current assets: Cash and cash equivalents $880.5 $917.6 Marketable securities 78.4 63.5 Accounts receivable, net 228.6 316.5 Deferred income taxes 47.0 31.1 Prepaid expenses and other current assets 67.7 59.3 ---- ---- Total current assets 1,302.2 1,388.0 ------- ------- Marketable securities 7.6 7.6 Computer equipment, software, furniture and leasehold improvements, net 120.7 120.6 Purchased technologies, net 105.0 113.3 Goodwill 520.7 542.5 Deferred income taxes, net 88.3 125.7 Other assets 125.0 123.0 ----- ----- $2,269.5 $2,420.7 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY: Current liabilities: Accounts payable $65.0 $62.4 Accrued compensation 83.9 124.3 Accrued income taxes 19.1 16.7 Deferred revenue 453.1 438.8 Borrowings under line of credit 2.1 52.1 Other accrued liabilities 58.6 105.8 ---- ----- Total current liabilities 681.8 800.1 ----- ----- Deferred revenue 80.9 113.3 Long term income taxes payable 120.5 116.9 Long term deferred income taxes - 22.7 Other liabilities 57.8 57.0 Commitments and contingencies Stockholders' equity: Preferred stock - - Common stock and additional paid-in capital 1,128.8 1,080.4 Accumulated other comprehensive income (loss) (9.7) (11.2) Retained earnings 209.4 241.5 ----- ----- Total stockholders' equity 1,328.5 1,310.7 ------- ------- $2,269.5 $2,420.7 ======== ======== Autodesk, Inc. Condensed Consolidated Statements of Cash Flows (In millions) Three Months Ended April 30, --------- 2009 2008 ---- ---- (Unaudited) Operating Activities Net income (loss) $(32.1) $94.6 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 27.0 16.9 Stock-based compensation expense 23.0 25.2 Impairment of goodwill 21.0 - Loss on disposition of assets 1.1 - Restructuring related charges, net 16.5 - Changes in operating assets and liabilities, net of business combinations (29.3) 48.6 ----- ---- Net cash provided by operating activities 27.2 185.3 ---- ----- Investing Activities Purchases of marketable securities (26.6) (2.1) Sales of marketable securities 11.7 0.8 Acquisition of equity investment (10.0) 0.2 Business combinations, net of cash acquired - (1.0) Capital and other expenditures (13.6) (13.4) ----- ----- Net cash used in investing activities (38.5) (15.5) ----- ----- Financing activities Proceeds from borrowings on line of credit 2.2 40.0 Repayments of borrowings on line of credit (52.2) - Proceeds from issuance of common stock, net of issuance costs 25.4 35.3 Repurchases of common stock - (256.6) --- ------ Net cash used in financing activities (24.6) (181.3) ----- ------ Effect of exchange rate changes on cash and cash equivalents (1.2) 2.7 ---- --- Net decrease in cash and cash equivalents (37.1) (8.8) Cash and cash equivalents at beginning of fiscal year 917.6 917.9 ----- ----- Cash and cash equivalents at end of period $880.5 $909.1 ====== ====== Autodesk, Inc. Reconciliation of GAAP financial measures to non-GAAP financial measures (In millions, except per share data) To supplement our consolidated financial statements presented on a GAAP basis, Autodesk provides investors with certain non-GAAP measures including non-GAAP net income, non-GAAP net income per share, non-GAAP cost of license and other revenue, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP interest and other income, net and non-GAAP provision for income taxes. These non- GAAP financial measures are adjusted to exclude certain costs, expenses, gains and losses, including stock-based compensation expense, amortization of purchased intangibles, restructuring charges, goodwill impairment, establishment of a valuation allowance on certain deferred tax assets and related income tax expenses. See our reconciliation of GAAP financial measures to non-GAAP financial measures herein. We believe these exclusions are appropriate to enhance an overall understanding of our past financial performance and also our prospects for the future, as well as to facilitate comparisons with our historical operating results. These adjustments to our GAAP results are made with the intent of providing both management and investors a more complete understanding of Autodesk's underlying operational results and trends and our marketplace performance. For example, the non-GAAP results are an indication of our baseline performance before gains, losses or other charges that are considered by management to be outside our core operating results. In addition, these non-GAAP financial measures are among the primary indicators management uses as a basis for our planning and forecasting of future periods. There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. The non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact upon our reported financial results. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with generally accepted accounting principles in the United States. Investors should review the reconciliation of the non-GAAP financial measures to their most directly comparable GAAP financial measures as provided in the tables accompanying this press release. The following table shows Autodesk's non-GAAP results reconciled to GAAP results included in this release. Three Months Ended April 30, --------- 2009 2008 ---- ---- (Unaudited) GAAP cost of license and other revenue $49.5 $56.1 SFAS 123R stock-based compensation expense (0.6) (1.0) Amortization of developed technology (8.3) (3.6) ---- ---- Non-GAAP cost of license and other revenue $40.6 $51.5 ===== ===== GAAP gross margin $373.5 $540.7 SFAS 123R stock-based compensation expense 0.6 1.0 Amortization of developed technology 8.3 3.6 --- --- Non-GAAP gross margin $382.4 $545.3 ====== ====== GAAP marketing and sales $185.8 $225.4 SFAS 123R stock-based compensation expense (9.5) (10.5) ---- ----- Non-GAAP marketing and sales $176.3 $214.9 ====== ====== GAAP research and development $124.1 $145.6 SFAS 123R stock-based compensation expense (7.0) (8.4) ---- ---- Non-GAAP research and development $117.1 $137.2 ====== ====== GAAP general and administrative $45.5 $49.8 SFAS 123R stock-based compensation expense (5.9) (5.3) Amortization of customer relationships and trademarks (6.4) (2.9) ---- ---- Non-GAAP general and administrative $33.2 $41.6 ===== ===== GAAP Impairment of goodwill $21.0 $- Impairment of goodwill (21.0) - ----- --- Non-GAAP Impairment of goodwill $- $- == == GAAP Restructuring charges $16.5 $- Restructuring charges (16.5) - ----- --- Non-GAAP Restructuring charges $- $- == == GAAP operating expenses $392.9 $420.8 SFAS 123R stock-based compensation expense (22.4) (24.2) Amortization of customer relationships and trademarks (6.4) (2.9) Impairment of goodwill (21.0) - Restructuring charges (16.5) - ----- - Non-GAAP operating expenses $326.6 $393.7 ====== ====== GAAP income (loss) from operations $(19.4) $119.9 SFAS 123R stock-based compensation expense 23.0 25.2 Amortization of developed technology 8.3 3.6 Amortization of customer relationships and trademarks 6.4 2.9 Impairment of goodwill 21.0 - Restructuring charges 16.5 - ---- --- Non-GAAP income from operations $55.8 $151.6 ===== ====== GAAP income tax (provision) benefit $(12.7) $(32.2) Establishment of valuation allowance on deferred tax assets 21.0 - Income tax effect on difference between GAAP and non- GAAP total costs and expenses at a normalized rate (22.2) (9.1) ----- ---- Non-GAAP income tax provision $(13.9) $(41.3) ====== ====== GAAP net income (loss) $(32.1) $94.6 SFAS 123R stock-based compensation expense 23.0 25.2 Amortization of developed technology 8.3 3.6 Amortization of customer relationships and trademarks 6.4 2.9 Impairment of goodwill 21.0 - Restructuring charges 16.5 - Establishment of valuation allowance on deferred tax assets 21.0 - Income tax effect on difference between GAAP and non- GAAP total costs and expenses at a normalized rate (22.2) (9.1) ----- ---- Non-GAAP net income $41.9 $117.2 ===== ====== GAAP diluted net income (loss) per share $(0.14) $0.41 SFAS 123R stock-based compensation expense 0.10 0.11 Amortization of developed technology 0.04 0.01 Amortization of customer relationships and trademarks 0.03 0.01 Impairment of goodwill 0.09 - Restructuring charges 0.07 - Establishment of valuation allowance on deferred tax assets 0.09 - Income tax effect on difference between GAAP and non- GAAP total costs and expenses at a normalized rate (0.10) (0.04) ----- ----- Non-GAAP diluted net income per share $0.18 $0.50 ===== ===== GAAP diluted shares used in per share calculation 227.1 232.6 Impact of SFAS 123R on diluted shares (0.1) 0.3 Shares included in non-GAAP net income per share, but excluded from GAAP net loss per share as they would have been anti-dilutive 2.2 - --- --- Non-GAAP diluted shares used in per share calculation 229.2 232.9 ===== ===== Other Supplemental Financial Information (1) Fiscal Year 2010 QTR 1 QTR 2 QTR 3 QTR 4 YTD 2010 Financial Statistics ($ in millions, except per share data): Total net revenue $426 $426 License and other revenue $244 $244 Maintenance revenue $182 $182 Gross Margin - GAAP 88% 88% Gross Margin - Non-GAAP 90% 90% GAAP Operating Expenses $393 $393 GAAP Operating Margin -5% -5% GAAP Net Income (Loss) $(32) $(32) GAAP Diluted Net Income (Loss) Per Share $(0.14) $(0.14) Non-GAAP Operating Expenses (2)(3) $327 $327 Non-GAAP Operating Margin (2)(4) 13% 13% Non-GAAP Net Income (2)(5) $42 $42 Non-GAAP Diluted Net Income Per Share (2)(6) $0.18 $0.18 Total Cash and Marketable Securities $966 $966 Days Sales Outstanding 49 49 Capital Expenditures $14 $14 Cash from Operations $27 $27 GAAP Depreciation and Amortization $27 $27 Deferred Maintenance Revenue Balance $458 $458 Revenue by Geography (in millions): Americas $164 $164 Europe $167 $167 Asia/Pacific $95 $95 Revenue by Segment (in millions): Platform Solutions and Emerging Business $156 $156 Architecture, Engineering and Construction $128 $128 Manufacturing $94 $94 Media and Entertainment $48 $48 Other $- $- Other Revenue Statistics: % of Total Rev from AutoCAD and AutoCAD LT 34% 34% % of Total Rev from 3D design products 29% 29% % of Total Rev from Emerging Economies 14% 14% Upgrade Revenue (in millions) $43 $43 Favorable (Unfavorable) Impact of U.S. Dollar Translation Relative to Foreign Currencies Compared to Comparable Prior Year Period (in millions): FX Impact on Total Net Revenue $(31) $(31) FX Impact on Total Operating Expenses $22 $22 FX Impact on Total Net Income (Loss) $(9) $(9) Gross Margin by Segment (in millions): Platform Solutions and Emerging Business $142 $142 Architecture, Engineering and Construction $119 $119 Manufacturing $86 $86 Media and Entertainment $35 $35 Unallocated amounts $(9) $(9) Common Stock Statistics: GAAP Shares Outstanding 228,219,000 228,219,000 GAAP Diluted Weighted Average Shares Outstanding 227,080,000 227,080,000 Shares Repurchased - - Maintenance Installed Base 1,719,000 1,719,000 (1) Totals may not agree with the sum of the components due to rounding. (2) To supplement our consolidated financial statements presented on a GAAP basis, Autodesk provides investors with certain non-GAAP measures including non-GAAP net income, non-GAAP net income per share, non-GAAP cost of license and other revenue, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP interest and other income, net and non-GAAP provision for income taxes. These non-GAAP financial measures are adjusted to exclude certain costs, expenses, gains and losses, including stock-based compensation expense, amortization of purchased intangibles, goodwill impairment, restructuring charges, establishment of a valuation allowance on certain deferred tax assets and related income tax expenses. See our reconciliation of GAAP financial measures to non-GAAP financial measures herein. We believe these exclusions are appropriate to enhance an overall understanding of our past financial performance and also our prospects for the future, as well as to facilitate comparisons with our historical operating results. These adjustments to our GAAP results are made with the intent of providing both management and investors a more complete understanding of Autodesk's underlying operational results and trends and our marketplace performance. For example, the non-GAAP results are an indication of our baseline performance before gains, losses or other charges that are considered by management to be outside our core operating results. In addition, these non-GAAP financial measures are among the primary indicators management uses as a basis for our planning and forecasting of future periods. There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. The non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact upon our reported financial results. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with generally accepted accounting principles in the United States. Investors should review the reconciliation of the non-GAAP financial measures to their most directly comparable GAAP financial measures as provided in the tables accompanying this press release. Fiscal Year 2010 QTR 1 QTR 2 QTR 3 QTR 4 YTD 2010 (3) GAAP Operating Expenses $393 $393 Stock-based compensation expense (22) (22) Amortization of customer relationships and trademarks (6) (6) Restructuring charges (17) (17) Impairment of goodwill (21) (21) --- --- Non-GAAP Operating Expenses $327 $327 (4) GAAP Operating Margin -5% -5% Stock-based compensation expense 5% 5% Amortization of developed technology 2% 2% Amortization of customer relationships and trademarks 2% 2% Restructuring charges 4% 4% Impairment of goodwill 5% 5% --- --- Non-GAAP Operating Margin 13% 13% (5) GAAP Net Income (Loss) $(32) $(32) Stock-based compensation expense 23 23 Amortization of developed technology 8 8 Amortization of customer relationships and trademarks 6 6 Impairment of goodwill 21 21 Restructuring charges 17 17 Establishment of valuation allowance on deferred tax assets 21 21 Income tax effect on difference between GAAP and non-GAAP total costs and expenses at a normalized rate (22) (22) --- --- Non-GAAP Net Income $42 $42 (6) GAAP Diluted Net Income (Loss) Per Share $(0.14) $(0.14) Stock-based compensation expense 0.10 0.10 Amortization of developed technology 0.04 0.04 Amortization of customer relationships and trademarks 0.03 0.03 Impairment of goodwill 0.09 0.09 Restructuring charges 0.07 0.07 Establishment of valuation allowance on deferred tax assets 0.09 0.09 Income tax effect on difference between GAAP and non-GAAP total costs and expenses at a normalized rate (0.10) (0.10) ----- ----- Non-GAAP Diluted Net Income Per Share $0.18 $0.18 Investors: David Gennarelli, david.gennarelli@autodesk.com, 415-507-6033 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 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/

SkillSoft Reports First Quarter Fiscal 2010 Results- FIRST QUARTER REVENUE OF $76.4 MILLION AND NET INCOME OF $18.8 MILLION- FIRST QUARTER DILUTED EPS OF $0.19- FIRST QUARTER ADJUSTED EBITDA OF $32.7 MILLION- REDUCED DEBT BY $18.3 MILLION IN THE FIRST QUARTER AND REPURCHASED 1.3 MILLION SHARES FOR $9.4 MILLION- CASH, RESTRICTED CASH AND INVESTMENTS OF $81.2 MILLION

NASHUA, N.H., May 21 /PRNewswire-FirstCall/ -- SkillSoft PLC , a leading Software as a Service (SaaS) provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses, today announced financial results for its first fiscal quarter of fiscal 2010.

FISCAL 2010 FIRST QUARTER RESULTS

The Company reported total revenue of $76.4 million for its first quarter ended April 30, 2009 of its fiscal year ending January 31, 2010 (fiscal 2010), which represented a 6% decrease over the $81.6 million reported in its first quarter of the fiscal year ended January 31, 2009 (fiscal 2009). Revenue for the first quarter was negatively impacted by approximately $5.2 million due to the change in foreign exchange rates during the first quarter as compared to the foreign exchange rates during the first quarter of fiscal 2009. The Company's total deferred revenue at April 30, 2009 was approximately $174.0 million as compared to approximately $185.6 million at April 30, 2008. The 6% or approximately $11.6 million decrease in deferred revenue is due to the change in foreign exchange rates at April 30, 2009 as compared to foreign exchanges rates at April 30, 2008.

On a US generally accepted accounting principles (US GAAP) basis, the Company's net income was $18.8 million, or $0.19 per basic and diluted share, for the first quarter of fiscal 2010 as compared to net income of $7.1 million, or $0.07 per basic and $0.06 per diluted share, for the first quarter of fiscal 2009.

"We are pleased that our fiscal 2010 first quarter results came in ahead of the EPS range we forecasted in March 2009 for this period. Our positive start in the first quarter of fiscal 2010 reflects our focus on EPS, cash flow and adjusted EBITDA targets during these challenging economic times," said Chuck Moran, President and Chief Executive Officer. "For fiscal 2010, in response to the cautious customer spending environment, we are moving forward with our plan to add sales resources by hiring more than twenty field sales people and at least five additional tele-sales people. These additional resources will increase our cost structure in subsequent quarters as compared to the first quarter due to the fact that our hiring is not yet completed and a full quarter cost impact was not recognized in the first quarter," commented Moran.

Gross margin increased to 90% for the Company's fiscal 2010 first quarter as compared to 87% for the fiscal 2009 first quarter. The increase in gross margin for the fiscal 2010 first quarter includes a reduction in amortization of intangible assets related to acquired technology and capitalized software development costs of 2% of revenue, or $1.7 million.

Research and development expenses decreased to $9.0 million in the fiscal 2010 first quarter from $13.5 million in the fiscal 2009 first quarter. This decrease was primarily due to reductions in research and development personnel, outside service contractors and outsource partners. Research and development expenses were 12% of revenue for the fiscal 2010 first quarter as compared to 17% for the fiscal 2009 first quarter.

Sales and marketing expenses decreased to $22.4 million in the fiscal 2010 first quarter from $29.7 million in the fiscal 2009 first quarter. This decrease was primarily due to reductions in commission expense, non field sales personnel and demand generation marketing expenses. A further decrease is due to a major customer event held in the prior year's first quarter that will be a second quarter event in fiscal 2010. Sales and marketing expenses were further reduced by the change in foreign exchange rates during the first fiscal quarter of fiscal 2010 as compared to the first fiscal quarter of fiscal 2009 by approximately $1.7 million. Sales and marketing expenses were 29% of revenue for the fiscal 2010 first quarter as compared to 36% for the fiscal 2009 first quarter.

General and administrative expenses decreased to $7.8 million in the fiscal 2010 first quarter from $8.9 million in the fiscal 2009 first quarter. The decrease in general and administrative expenses was primarily due to a decrease in legal fees and professional expenses incurred in connection with the feasibility analysis related to the Company's business realignment strategy, a reduction in accounting and tax service fees related to ongoing operations and a decrease in consulting and contractor expenses. General and administrative expenses were 10% of revenue for the fiscal 2010 first quarter as compared to 11% for the fiscal 2009 first quarter.

The Company's interest income decreased to $0.1 million in the fiscal 2010 first quarter from $0.6 million in the fiscal 2009 first quarter. The decrease in interest income was primarily due to a decline in interest rates and a reduction in interest bearing investments. The Company's interest expense decreased to $2.4 million for the fiscal 2010 first quarter as compared to $4.0 million for the fiscal 2009 first quarter. This decrease was primarily due to principal payments made to reduce the Company's outstanding debt.

The Company's effective tax rate was 22.6% for the fiscal 2010 first quarter, which consisted of a cash tax provision of approximately $2.2 million (9.0%) and a non-cash tax provision of approximately $3.3 million (13.6%). Included in the effective tax rate for the fiscal 2010 first quarter is approximately $0.4 million (1.6%) of discrete reductions to international tax based accruals. This compares to a 38.6% effective tax rate for the fiscal 2009 first quarter, which consisted of a cash tax provision of approximately $0.9 million (8.1%) and a non-cash tax provision of approximately $3.6 million (30.5%). The decrease in the current year effective tax rate is primarily due to the geographic distribution of worldwide earnings.

An important leverage covenant included in our credit facility is adjusted EBITDA. Adjusted EBITDA for the fiscal 2010 first quarter was $32.7 million as compared to $24.3 million for the fiscal 2009 first quarter. For the fiscal 2010 first quarter, our trailing 12 month debt to adjusted EBITDA ratio was approximately 0.9. Adjusted EBITDA for the fiscal 2010 first quarter is calculated by taking net income ($18.8 million) and adding back depreciation and amortization ($1.3 million), amortization of intangible assets and capitalized software development costs ($2.5 million), stock-based compensation ($1.6 million), interest expense ($2.4 million), provision for income taxes ($5.5 million), and other expense net of interest income ($0.6 million).

SkillSoft had approximately $81.2 million in cash, cash equivalents, short-term investments, restricted cash and long-term investments as of April 30, 2009 as compared to $42.7 million as of January 31, 2009. This increase is primarily due to cash provided by operations of $65.0 million. The increase was partially offset by principal payments on long term debt of $18.3 million, payment of $9.4 million to repurchase shares and purchases of property and equipment of $1.0 million.

In order to adequately assess the Company's collection efforts, taking into account the seasonality of the Company's business, the Company believes that it is most useful to compare current period days sales outstanding (DSOs) to the prior year period. Given the quarterly seasonality of bookings, the deferral from revenue of subscription billings may increase or decrease the DSOs on sequential quarterly comparisons.

SkillSoft's DSOs were in the targeted range for the fiscal 2010 first quarter. On a net basis, which considers only receivable balances for which revenue has been recorded; DSOs were 6 days in the fiscal 2010 first quarter as compared to 19 days in the year ago period and 9 days in the fourth quarter of fiscal 2009. On a gross basis, which considers all items billed as receivables, DSOs were 77 days in the fiscal 2010 first quarter as compared to 109 days in the year ago quarter and 159 days in the fourth quarter of fiscal 2009. The decrease in gross and net basis DSOs is due to improvements in customer collection efforts.

FISCAL 2010 AND FISCAL 2010 SECOND QUARTER OUTLOOK

As a result of reported revenues for the fiscal 2009 first quarter, the Company now anticipates annual revenues to be in the range of $300 million to $310 million as compared to the annual revenue range of $300 million to $312 million as set forth in its press release issued on March 16, 2009. Additionally the Company anticipates that its provision for income taxes is expected to be $18 million to $21 million or approximately 24% to 27% of pre-tax net income as compared to $19 million to $21 million or approximately 25% to 27% of pre-tax net income as set forth in its press release issued on March 16, 2009. The non-cash tax provision is expected to be $12 million to $14 million or approximately 16% to 18% of pre-tax net income as compared to $13 million to $14 million or 17% to 18% of pre-tax net income as set forth in its press release issued on March 16, 2009. The revised tax provision outlook is due to the expected geographic distribution of worldwide revenues and earnings. The Company continues to anticipate its adjusted net income for fiscal 2010 will be between $55.0 million and $58.0 million, or $0.55 to $0.58 per basic and diluted share. Adjusted net income represents GAAP net income, excluding foreign exchange gains or losses.

For the second quarter of fiscal 2010 ending July 31, 2009, the Company currently anticipates revenue to be in the range of $75.0 to $77.0 million. The Company also currently anticipates adjusted net income for the fiscal 2010 second quarter to be between $13.0 million and $14.0 million, or $0.13 to $0.14 per basic and diluted share.

The adjusted EBITDA projected range for fiscal 2010 remains unchanged at $100.0 million to $105.0 million as set forth in its press release issued on March 16, 2009. Adjusted net income and adjusted EBITDA are non-GAAP financial measures within the meaning of applicable SEC regulations. SkillSoft is presenting these measures for fiscal 2010 because it believes that these measures present investors and debt holders with meaningful information about the Company's historical and projected operating performance for fiscal 2010.

The earnings outlook for the second quarter of fiscal 2010 and the annual fiscal 2010 results also does not take into account the potential positive or negative impact from changes in currency exchange rates after April 30, 2009, the potential negative impact of the resolution of litigation matters, potential restructuring charges or the potential impact of any future acquisitions or divestitures, including potential non-recurring acquisition related expenses and the amortization of any purchased intangibles and deferred compensation charges resulting from a future acquisition transaction. The outlook also does not take into account the effect of a public offering or other financing arrangement, our share buyback program or debt restructuring that could impact interest income/expenses and/or outstanding shares and thereby the Company's EPS outlook.

Supplemental financial information will be available on SkillSoft's web site http://www.skillsoft.com/ at the time of our earnings call.

Conference Call

In conjunction with the release, management will conduct a conference call on Friday, May 22, 2009 at 8:30 a.m. EDT to discuss the Company's fiscal 2010 first quarter financial and operating results and financial outlook. Chuck Moran, President and Chief Executive Officer, and Tom McDonald, Chief Financial Officer, will host the call.

To participate in the conference call, interested parties may dial (800) 322-9079 or (973) 582-2717 and use the passcode 10469887. The live conference call will be available via the Internet by accessing the SkillSoft Web site at http://www.skillsoft.com/. Please go to the Web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.

A replay will be available from 12:01 p.m. EDT on May 22, 2009 until 11:59 p.m. EDT on May 29, 2009. The replay number is (800) 642-1687, passcode: 10469887. A webcast replay will also be available on SkillSoft's Web site at http://www.skillsoft.com/.

About SkillSoft

SkillSoft PLC is a leading SaaS provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses. SkillSoft enables business organizations to maximize business performance through a combination of comprehensive e-learning content, online information resources, flexible learning technologies and support services.

Content offerings include business, IT, desktop, compliance and consumer/SMB courseware collections, as well as complementary content assets such as Leadership Development Channel video products, KnowledgeCenter(TM) portals, virtual instructor-led training services and online mentoring services. SkillSoft's Books24x7(R) product offering includes access to more than 18,000 digitized IT and business books, as well as book summaries and executive reports. Technology offerings include the SkillPort(R) learning management system, Search-and-Learn(R), SkillSoft(R) Dialogue(TM) and virtual classroom.

SkillSoft courseware content described herein is for information purposes only and is subject to change without notice. SkillSoft has no obligation or commitment to develop or deliver any future release, upgrade, feature, enhancement or function described in this press release except as specifically set forth in a written agreement.

SkillSoft, the SkillSoft logo, SkillPort, Search-and-Learn, SkillChoice, Books24x7, ITPro, BusinessPro, OfficeEssentials, GovEssentials, EngineeringPro, FinancePro, AnalystPerspectives, ExecSummaries, ExecBlueprints, Express Guide and Dialogue are trademarks or registered trademarks of SkillSoft PLC in the United States and certain other countries. All other trademarks are the property of their respective owners, countries.

This release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements. Factors that could cause or contribute to such differences include competitive pressures, changes in customer demands or industry standards, adverse economic conditions, loss of key personnel, litigation and other risk factors disclosed under the heading "Risk Factors" in SkillSoft's Quarterly Report on Form 10-K for the fiscal year ended January 31, 2009 as filed with the Securities and Exchange Commission. The forward-looking statements provided by the Company in this press release represent the Company's views as of May 22, 2009. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.

SkillSoft PLC and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited, In thousands except share and per share data) Three Months Ended April 30, 2009 2008 ---- ---- Revenues $76,439 $81,643 Cost of revenues (1) 7,473 8,808 Cost of revenues - amortization of intangible assets 32 1,740 -- ----- Gross profit 68,934 71,095 Operating expenses: Research and development (1) 8,998 13,480 Selling and marketing (1) 22,411 29,700 General and administrative (1) 7,757 8,892 Amortization of intangible assets 2,455 2,997 Merger and integration related expenses - 520 Restructuring 52 - Restatement - SEC investigation - 62 --- -- Total operating expenses 41,673 55,651 Other expense, net (618) (403) Interest income 70 617 Interest expense (2,445) (3,986) ------ ------ Income before provision for income taxes from continuing operations 24,268 11,672 Provision for income taxes - cash 2,201 941 Provision for income taxes - non-cash 3,288 3,565 ------ ----- Income from continuing operations 18,779 7,166 ------ ----- Loss from discontinued operations net of income tax benefit of $61 for the three months ended April 30, 2008 - (93) --- --- Net income $18,779 $7,073 ======= ====== Net income, per share, basic - continuing operations $0.19 $0.07 Net income, per share, basic - discontinued operations $- $(0.00) -- ----- $0.19 $0.07 ===== ===== Basic weighted average common shares outstanding 97,740,295 105,290,444 ========== =========== Net income, per share, diluted - continuing operations $0.19 $0.07 Net income, per share, diluted - discontinued operations $- $(0.00) -- ----- $0.19 $0.06 ===== ===== Diluted weighted average common shares outstanding 99,095,854 109,937,385 ========== =========== (1) The following summarizes the departmental allocation of the stock-based compensation Cost of revenues $21 $44 Research and development 269 237 Selling and marketing 635 578 General and administrative 696 745 --- --- $1,621 $1,604 ====== ====== SkillSoft PLC Condensed Consolidated Balance Sheets (Unaudited) April 30, 2009 January 31, 2009 -------------- ---------------- ASSETS CURRENT ASSETS: Cash, cash equivalents and short-term investments $77,388 $38,952 Restricted cash 3,828 3,790 Accounts receivable, net 66,147 146,362 Deferred tax assets 27,076 26,444 Prepaid expenses and other current assets 17,387 18,286 ------ ------ Total current assets 191,826 233,834 Property and equipment, net 7,316 7,661 Goodwill 238,550 238,550 Acquired intangible assets, net 10,986 13,472 Deferred tax assets 70,457 78,223 Other assets 6,825 3,360 ----- ----- Total assets $525,960 $575,100 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current maturities of long term debt $1,070 $1,253 Accounts payable 2,190 5,648 Accrued expenses 24,415 37,273 Deferred revenue 173,958 201,518 ------- ------- Total current liabilities 201,633 245,692 Long term debt 104,021 122,131 Other long term liabilities 3,515 3,221 ----- ----- Total long-term liabilities 107,536 125,352 Total stockholders' equity 216,791 204,056 ------- ------- Total liabilities and stockholders' equity $525,960 $575,100 ======== ======== SkillSoft PLC Condensed Consolidated Statements of Cash Flows (Unaudited) Fiscal Quarter Ended April 30, 2009 2008 ---- ---- Cash flows from operating activities: Net income $18,779 $7,073 Adjustments to reconcile net income to net cash provided by operating activities: Stock-based compensation 1,621 1,604 Depreciation and amortization 1,283 1,476 Amortization of intangible assets 2,487 4,737 Recovery of bad debts (37) (123) Provision for income taxes - non-cash 3,288 3,565 Non-cash interest expense 297 284 Tax benefit related to exercise of non-qualified stock options (5) (173) Changes in current assets and liabilities, net of acquisitions Accounts receivable 81,169 71,508 Prepaid expenses and other current assets 985 2,913 Accounts payable (3,429) 497 Accrued expenses (including long-term) (12,271) (12,806) Deferred revenue (29,183) (33,902) ------- ------- Net cash provided by operating activities 64,984 46,653 Cash flows from investing activities: Purchases of property and equipment (986) (1,258) Cash paid for business acquisitions - (250) Purchases of investments (600) (9,750) Maturity of investments 1,100 9,425 Increase in restricted cash (38) (65) --- --- Net cash used in investing activities (524) (1,898) Cash flows from financing activities: Exercise of stock options 269 4,213 Proceeds from employee stock purchase plan 1,164 2,012 Principal payment on long term debt (18,293) (24,500) Tax benefit related to exercise of non-qualified stock options 5 173 Acquisition of treasury stock (9,399) (12,153) ------ ------- Net cash used in financing activities (26,254) (30,255) Effect of exchange rate changes on cash and cash equivalents 730 323 --- --- Net increase in cash and cash equivalents 38,936 14,823 Cash and cash equivalents, beginning of period 37,853 76,059 ------ ------ Cash and cash equivalents, end of period $76,789 $90,882 ======= ======= COMPANY CONTACT: Tom McDonald Chief Financial Officer (603) 324-3000, x4232 INVESTOR CONTACTS: Geoff Grande FD (617) 747-1721

SkillSoft PLC

CONTACT: Tom McDonald, Chief Financial Officer, SkillSoft PLC,
+1-603-324-3000, ext. 4232, or investors, Geoff Grande, FD, +1-617-747-1721

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

Aeropostale Reports Record First Quarter 2009 ResultsFirst Quarter Net Sales Increase 21%; Same Store Sales Increase 11%Reports Record Earnings Per ShareProvides Second Quarter Guidance

NEW YORK, May 21 /PRNewswire-FirstCall/ -- Aeropostale, Inc. , a mall-based specialty retailer of casual apparel for young women and men, today reported results for the first quarter ended May 2, 2009.

Net income for the first quarter of fiscal 2009 was $31.7 million, or $0.47 per diluted share, compared to net income of $17.5 million, or $0.26 per diluted share, in the first quarter of fiscal 2008. Results for the first quarter include pre-tax charges of approximately $2.7 million, or $0.02 per diluted share, related to the closing of the Company's Jimmy'Z concept.

For the first quarter of fiscal 2009, total net sales increased 21% to $408.0 million, from $336.3 million in the year-ago period. Same store sales for the first quarter increased 11%, compared to an increase of 10% in the year-ago period.

Total net revenue from the Company's e-commerce business for the first quarter of fiscal 2009 increased 74% to $16.7 million, from $9.6 million for the first quarter of fiscal 2008.

Julian R. Geiger, Chairman and Chief Executive Officer, said, "The last three months, like the ten consecutive quarters that preceded it, was a period of record sales and record earnings for Aeropostale. We all know these results are extraordinary given the macro-economic climate in which we are operating. Clearly, we are proud of our organization's determination to succeed and its dedication to the principles that have made Aeropostale a destination lifestyle brand."

Second Quarter Guidance:

The Company announced its earnings guidance for the second quarter of fiscal 2009. The Company believes it will achieve earnings in the range $0.43 to $0.45 per diluted share for the second quarter, compared to earnings of $0.31 per share in the second quarter last year. This guidance includes pre-tax charges of approximately $3.0 million, or $0.03 per diluted share, related to the closing of the Jimmy'Z concept.

Julian R. Geiger, Chairman and Chief Executive Officer, concluded, "It is exciting to see that a new generation of teen customers has identified Aeropostale as one of their top brands of choice and has embraced it as its own. We are fully committed to maintaining and building this leadership position by listening to, and respecting, our customers every day."

Conference Call Information

The Company will be holding a conference call today at 4:15 P.M. EDT to review its first quarter results. The broadcast will be available through the 'Investor Relations' link at http://www.aeropostale.com/ and http://www.fulldisclosure.com/. To listen to the broadcast your computer must have Windows Media Player installed. If you do not have Windows Media Player go to the latter site prior to the call, where you can download the software for free.

About Aeropostale, Inc.

Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men. The Company provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values. Aeropostale maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise. Aeropostale products can only be purchased in its stores or on-line through its e-commerce website (http://www.aeropostale.com/). The Company currently operates 878 Aeropostale stores in 48 states and Puerto Rico and 33 Aeropostale stores in Canada.

SPECIAL NOTE: THIS PRESS RELEASE AND ORAL STATEMENTS MADE FROM TIME TO TIME BY REPRESENTATIVES OF THE COMPANY CONTAIN CERTAIN "FORWARD-LOOKING STATEMENTS" CONCERNING EXPECTATIONS FOR SALES, STORE OPENINGS, GROSS MARGINS, EXPENSES, STRATEGIC DIRECTION AND EARNINGS. ACTUAL RESULTS MIGHT DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. AMONG THE FACTORS THAT COULD CAUSE ACTUAL RESULTS TO MATERIALLY DIFFER INCLUDE, CHANGES IN THE COMPETITIVE MARKETPLACE, INCLUDING THE INTRODUCTION OF NEW PRODUCTS OR PRICING CHANGES BY OUR COMPETITORS, CHANGES IN THE ECONOMY AND OTHER EVENTS LEADING TO A REDUCTION IN DISCRETIONARY CONSUMER SPENDING; SEASONALITY; RISKS ASSOCIATED WITH CHANGES IN SOCIAL, POLITICAL, ECONOMIC AND OTHER CONDITIONS AND THE POSSIBLE ADVERSE IMPACT OF CHANGES IN IMPORT RESTRICTIONS; RISKS ASSOCIATED WITH UNCERTAINTY RELATING TO THE COMPANY'S ABILITY TO IMPLEMENT ITS GROWTH STRATEGIES, AS WELL AS THE OTHER RISK FACTORS SET FORTH IN THE COMPANY'S FORM 10-K AND QUARTERLY REPORTS ON FORM 10-Q, FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS TO REFLECT SUBSEQUENT EVENTS OR CIRCUMSTANCES.

EXHIBIT A AEROPOSTALE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) May 2, January 31, May 3, 2009 2009 2008 -------- --------- -------- ASSETS Current Assets: Cash and cash equivalents $247,747 $228,530 $64,469 Merchandise inventory 128,929 126,360 134,976 Other current assets 37,032 38,991 34,874 ------ ------ ------ Total current assets 413,708 393,881 234,319 Fixtures, equipment and improvements, net 249,676 248,999 230,996 Other assets 13,299 15,039 16,385 ------ ------ ------ TOTAL ASSETS $676,683 $657,919 $481,700 ======== ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $70,308 $77,247 $67,817 Accrued expenses 83,139 98,190 71,391 ------ ------ ------ Total current liabilities 153,447 175,437 139,208 Other non- current liabilities 126,087 127,422 122,318 Stockholders' equity 397,149 355,060 220,174 ------- ------- ------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $676,683 $657,919 $481,700 ======== ======== ======== EXHIBIT B AEROPOSTALE, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND SELECTED STORE DATA (in thousands, except per share and store data) 13 weeks ended -------------- May 2, 2009 May 3, 2008 ----------- ----------- % of sales % of sales ---------- ---------- Net sales $408,024 100.0% $336,332 100.0% Cost of sales (including certain buying, occupancy and warehousing expenses) 260,134 63.8 225,054 66.9 ------- ---- ------- ---- Gross profit 147,890 36.2 111,278 33.1 Selling, general and administrative expenses 94,446 23.1 82,090 24.4 ------ ---- ------ ---- Income from operations 53,444 13.1 29,188 8.7 Interest (expense) income, net (45) 0.0 240 0.1 ---- --- --- --- Income before income taxes 53,399 13.1 29,428 8.8 Income taxes 21,724 5.3 11,930 3.5 ------ --- ------ --- Net income $31,675 7.8% $17,498 5.3% ======= ==== ======= ==== Basic earnings per share $0.47 $0.26 ===== ===== Diluted earnings per share $0.47 $0.26 ===== ===== Weighted average basic shares 67,099 66,749 Weighted average diluted shares 67,790 67,305 STORE DATA: Comparable store sales increase 11% 10% Stores open at end of period 920 848 Total square footage at end of period 3,305,058 3,008,153 Average square footage during period 3,296,109 2,969,173 Company Contact: Kenneth Ohashi/VP, Investor & Media Relations (646) 452-1876 or kohashi@aeropostale.com Media Contact: Leigh Parrish/Diane Zappas, FD (212) 850-5600

Aeropostale, Inc.

CONTACT: Company: Kenneth Ohashi, VP, Investor & Media Relations,
+1-646-452-1876 or kohashi@aeropostale.com; Media: Leigh Parrish or Diane
Zappas, both of FD, +1-212-850-5600

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

FEMA 'Spring Ahead' -- Entrust's PKI is Muscle Behind State of Illinois FRAC ApplicationFRAC solutions provide emergency response officials with critical information in times of crisis

DALLAS, May 21 /PRNewswire-FirstCall/ -- Facilitated by digital identities and public key infrastructure from Entrust, Inc. , the Illinois Terrorism Task Force (ITTF) and their First Responder Authentication Credential (FRAC) application successfully participated in the nationwide Federal Emergency Management Agency (FEMA), Office of National Capital Region Coordination (NCRC), "Spring Ahead" event this week.

The Illinois Terrorism Task Force joined local, public, private, state and federal agencies and organizations in this multi-jurisdictional electronic validation demonstration leveraging Federal Information Processing Standard (FIPS) 201-compliant and FIPS 201-interoperable credentials.

"The interoperability of seamlessly authenticating credentials from different local, state and federal agencies is a tremendous asset during times of unfortunate emergency or tragedy," said Entrust President and Chief Executive Officer Bill Conner. "Standards-based credentialing projects are critical to the safety and security of this country, and we're eager to see how Entrust PKI and digital certificates can help better prepare our states and country for unforeseen disasters or tragedy. Other states should look to the State of Illinois as an example of technology leadership and innovation."

Although Spring Ahead featured eight separate scenarios throughout the week, the interoperability of the State of Illinois FRAC solution was on display during a three-hour session Thursday. The credentials of up to 25 emergency response officials and other individuals were authenticated as part of Illinois' participation in FEMA NCRC's nationwide demonstration.

Fifteen were specific emergency response official credentials, but others included U.S. Department of Defense Common Access Cards (CAC) and basic state-issued driver's licenses -- all of which helped prove the program's interoperability to authenticate credentials from various agencies.

More than 30 organizations, in 20 locations across the United States, simultaneously authenticated and uploaded digital certificates to a repository. Participants and observers viewed a Web-enabled mapping application that provided local, regional and national emergency operation centers with near-real-time situational awareness of on-scene personnel during simulated emergencies.

This repository provides the capability to electronically validate emergency response officials' digital identities and attributes -- including qualifications, authorizations, certifications, or privileges -- to strengthen the decision-making process for granting access to the incident scene, and provide secure electronic manifests of those who respond.

Including digital identities provided by PKI technology, the FRAC solution enables local, state and federal agencies to confidently make access decisions at any incident by quickly authenticating and validating -- via a smart credential and certified handheld credential reader -- the identities and roles of individuals wishing to enter or exit a secure or restricted area. Verified knowledge of roles, identities and privileges enables agencies to manage emergency response officials and allows incident command to adjust quickly to emergencies by distributing personnel where they're needed most.

Entrust's First Responder Authentication Credential solution is FIPS 201-compatible and interoperable with numerous smart credentials issued by various government entities. Further interoperability comes through cross-certification with the U.S. Federal Bridge Certification Authority (FBCA) so credentials can be verified across federal, state and local agencies, and among jurisdictions.

Entrust's hosted Non-Federal Shared Service Provider PKI solution is also cross-certified to the Federal Bridge Certification Authority (FBCA) and is appropriate for various non-Federal entities, organizations and agencies. This solution enables specific organizations to use digital certificates for authentications, encryption, digital signatures and physical and/or logical access, but without expensive upfront investments, in-house experts or secure facilities.

The Illinois Terrorism Task Force (ITTF) is charged with the task of assuring that Illinois is ready to respond to an act of terrorism. Due to the commitment of the members of the Task Force and the ability of the associated agencies to come together in a spirit of cooperation and teamwork, Illinois has plans in place to deal with a terrorist attack in our state.

About Entrust

Entrust provides trusted solutions that secure digital identities and information for enterprises and governments in 2,000 organizations spanning 60 countries. Offering trusted security for less, Entrust solutions represent the right balance between affordability, expertise and service. These include SSL, strong authentication, fraud detection, digital certificates and PKI. For information, call 888-690-2424, e-mail entrust@entrust.com or visit http://www.entrust.com/.

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

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

CONTACT: Brooke Hamilton, Media Relations of Entrust, Inc.,
+1-972-728-0415, brooke.hamilton@entrust.com

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

Netbooks Will Drive Future Uptake of Mobile Broadband Services, Pyramid Research Finds

CAMBRIDGE, Mass., May 21 /PRNewswire/ -- Increased sales of netbooks over the next three to five years will result in higher demand for mobile broadband services, driven by the emerging trend of bundling the low-end computers with mobile data services from specific network operators, according to the latest report by Pyramid Research (http://www.pyr.com/), the telecom research arm of the Light Reading Communications Network (http://www.lightreading.com/).

Mobile Broadband for the Masses: The Case for Bundled Netbooks analyzes the business case behind bundling netbooks with broadband access for both operators and OEMs, discusses key performance indicators delivered by those operators that have embraced the use of netbooks, and assesses the value they have been able to extract from netbook sales. This 54-page report looks at the early examples of netbook bundles targeting students and examines the potential for netbook bundle sales in the markets of Brazil, Russia, India, and China. Download an excerpt of this report here: http://www.pyr.com/downloads.htm?id=1&sc=PR052109_RPNTBKS

Netbooks are just beginning to gain market traction; about 13 million were sold worldwide in 2008, with 10 million of those sales coming in the second half of the year, global economic crisis notwithstanding, notes Cristiano Laux, Manager of Consulting at Pyramid Research and coauthor of the report. "Bundles of these machines with Internet access are set to become a bread-and-butter offering for operators in developed and emerging markets alike, exceeding sales of notebook computers in the operator channel by 2010," says Laux.

While many operators are already supporting the business case for netbook bundles, OEMs are not happy about the downward pressure on laptop prices and the cannibalization that netbooks may have on the sales of high-end notebooks. "For now, they have agreed to live with the threat, fearing that without netbooks, the recession would hit computer sales even more than it has done already," Laux says.

Pyramid recommends that OEMs and broadband operators do what they can to support netbook sales. "There is growing evidence that netbooks are catching on with the under-21 crowd; if that trend develops, the adoption rate for netbooks could accelerate even more, which means these cheap and approachable devices could have a huge impact on how network operators make money off their services," explains Laux. Netbooks will also help accelerate mobile broadband adoption among low-income customers and in emerging markets. "In the lower-income countries of Asia/Pacific, the Middle East, Africa, Eastern Europe, and Latin America, most of the incremental impact from netbook sales will be seen only when the price of mobile PCs declines below $350, but this is expected to happen in late 2009, with mass-market shipments picking up during 2010," he says.

Mobile Broadband for the Masses: The Case for Bundled Netbooks is part of Pyramid's research report series. A blend of primary research and qualitative analysis, Pyramid's research reports offer comprehensive coverage of the fixed and mobile communications space and enable those in the communications industry to stay ahead of changing market dynamics.

Download an excerpt of this report here: http://www.pyr.com/downloads.htm?id=1&sc=PR052109_RPNTBKS

Mobile Broadband for the Masses: The Case for Bundled Netbooks is priced at $2490 and can be purchased online here: http://www.pyramidresearch.com/store/RPMOBILEBROADBAND0905.htm?sc=PR052109_RPN TBKS or through Dave Williams via email at dave.williams@pyr.com or telephone at +1 858-485-8870.

About Pyramid Research

Pyramid Research (http://www.pyr.com/) offers practical solutions to the complex demands our clients face in the telecommunications, media and technology industries. Our analysis is uniquely positioned at the intersection of emerging markets, emerging technologies and emerging business models, powered by the bottom-up methodology of our market forecasts for over 100 countries-a distinction that has remained unmatched for more than 25 years. As the telecom research arm of the Light Reading Communications Network, Pyramid Research works with Heavy Reading, providing the communications industry's most comprehensive market data, trusted research and insightful technology analysis.

About Light Reading

Founded in 2000, Light Reading (http://www.lightreading.com/) is the leading online media, research, and focused event company serving the $3 trillion worldwide communications market. Lightreading.com is the ultimate source for technology and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. Light Reading's research arms, Heavy Reading and Pyramid Research, provide the most comprehensive communications research, market data, and technology analysis in close to 100 markets around the world. Light Reading produces nearly 20 targeted communications events including TelcoTV, Ethernet Expo New York and Ethernet Expo London, The Tower Summit @ CTIA, and Optical Expo, as well as focused one-day events tailored for cable, mobile, and wireline executives. Light Reading was acquired by United Business Media in August 2005 and operates as a unit of TechWeb.

About TechWeb

TechWeb (http://techweb.com/aboutus), the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events, Interop, Web 2.0, Black Hat, and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, and Wall Street & Technology magazines. TechWeb also provides end-to-end services including next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

*13.3 million business decision-makers: based on number of monthly connections

About United Business Media Limited

UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to http://www.unitedbusinessmedia.com/.

Press contact: Jennifer Baker +1 617 871-1910 jbaker@pyr.com

Pyramid Research

CONTACT: Jennifer Baker of Pyramid Research, +1-617-871-1910,
jbaker@pyr.com

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

IBM Helps Companies Gain Control of Their Information With Solid State Flash TechnologySolid State Combined with New Data Management Tools Improve Performance by up to 800% using DB2 Database Software

SOMERS, N.Y., May 21 /PRNewswire-FirstCall/ -- IBM today announced that it is delivering new solid-state offerings across its hardware platforms using new smart data management software to enable customers to dramatically improve response times on Solid State Drives (SSDs), while also helping to reduce costs. Based on IBM's testing, the new offerings can improve performance by up to 800%, while also reducing the physical footprint of the amount of storage needed by approximately 80%, and energy consumption by up to 90%.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )

Solid-state drives uses Flash technology, similar to that used in MP3 players, but on a more advanced and larger scale. As it has no moving parts, or spinning disks, such as used in traditional storage, solid-state storage technology can conduct up to 20,000 transfers per second compared to one hard drive disk at approximately 200 data transfers per second. IBM is unveiling a more targeted approach than other solid state drive hardware vendors to implement flash technology by leveraging and integrating IBM's hardware, software and research expertise.

IBM's solid-state lineup includes a suite of enhanced software tools that enable customers to migrate, monitor and dynamically place data on SSDs to maximize value. For example, smart data placement through IBM Data Facility Storage Management Subsystem (DFSMS) provides for targeted data placement on SSDs in an IBM zSeries and DS8000 environment. In another example for Power systems, IBM's most recent product line to incorporate SSDs, IBM provides SSD Data Balancer software tools that allow a system administrator to move frequently accessed, or hot data, to SSDs, while moving cold data to traditional hard drives. This approach recognizes that most customers will have a hybrid environment using both SSDs and traditional disks.

This capability is vital to information-intensive industries, enabling faster credit checks, real-time financial analytics and enhanced fraud detection with a dramatic improved performance by up to 800% on IBM's DB2 database software. IBM today also announced an expansion of solid-state drives to include Power systems, joining IBM's System x servers, as well as its System Storage DS8000 devices, as offering SSDs.

Using the new technology, IBM can help clients manage and analyze critical business information dramatically faster while reducing costs:

-- A banking institution running on the System Storage DS8000, DB2 for zOS and SAP, can improve their business performance by more than 30% and reduced their physical storage footprint by 60% and thereby reducing their energy consumption by more than 70%. Improved performance and reduced costs in energy can shift the focus on the company's information and generating a new of intelligence to anticipate new customers' demands. -- Airline reservation, ticketing or stock trading systems depend heavily on ultra fast online transaction processing (OLTP) to respond quickly to their customers. The data transfer wait time for SSDs was reduced by 3x compared to HHDs, which is critical to help support peak periods experienced by companies that conduct the majority of their business online. IBM Expands SSDs on Power

IBM today announced its newest product line to support solid state with new energy-efficient solid state drives for its Power Systems servers, offering faster I/O response rates than traditional disk drives to help clients optimize cost, performance and energy savings. Unlike traditional hard disk drives which are often run at 50 percent or less of their storage capacity to help maintain consistent performance, SSDs on Power can be run much closer to 100 percent storage capacity and still provide excellent performance. The new drives will be supported on all POWER6 systems, from Blades to enterprise servers.

New Solid State Offerings on System x

In 2007, IBM's BladeCenter family of x86 servers became the first blades in the industry with SSD options with availability of two 15.8GB, two-watt drives that offer low-power requirements and high reliability. The dual-drive version offers disk-mirroring capability in the space of a single 2.5-inch HDD bay. IBM is now adding to its System x lineup of diskless drive options with new SATA-style SSDs. BladeCenter was updated with new 2.1 watt, 50GB SSD in a 2.5-inch disk package. A 50GB drive, designed for higher I/O performance, is available in either a 2.5-inch or 3.5-inch form factor for blades and System x rack and tower servers. The SSDs support Windows, Linux, and ESX Server, VMware's hypervisor.

SSD on the System Storage DS8000

Solid-state drives on its System Storage DS8000 can help customers decrease back-end drive response times significantly, which is critical in offering solid state drive benefits for distinct application workloads. Since solid-state drives have no moving parts, they consume less energy to operate than spinning drives, helping customers better control data center costs. This combination is critical for organization looking to manage their storage environment more effectively by matching specific application needs with the appropriate storage tier. IBM also invested in integrating DS8000 with servers and system software to maximize the performance benefit of SSDs. The integrated solution will enable customers to optimize the hybrid environment with SSDs and HDDs.

For more information about IBM, visit http://www.ibm.com/storage. For more information, contact: Mike Darcy IBM 914-766-4777 mdarcy@us.ibm.com

Photo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO IBM

CONTACT: Mike Darcy, IBM, +1-914-766-4777, mdarcy@us.ibm.com

Web Site: http://www.ibm.com/storage

Web 2.0 Initiatives Continue to Gain Acceptance at Companies, Watson Wyatt Survey Finds

WASHINGTON, May 21 /PRNewswire-FirstCall/ -- Despite their relative newness, companies are embracing Web 2.0 technologies such as social networking tools, blogs and webcasts for internal communications and as part of their overall technology mix, according to a new survey by Watson Wyatt, a leading global consulting firm.

Watson Wyatt's 2009 HR Technology Trends Survey found that since the economic downturn began, 72 percent of employers have increased their use of the intranet and 61 percent have increased their use of e-mail to communicate with employees. Employers are also using newer tools - a third (32 percent) have increased their use of webcasts; 13 percent have increased their use of social networking tools; and 12 percent have increased their use of blogs for communication. Watson Wyatt's survey was conducted in February and March 2009 and includes responses from 181 large employers.

"Web 2.0 technologies work well, in most instances, for targeting specific employee and manager groups, and companies are using them in appropriate situations," said Jon Osborne, senior technology consultant at Watson Wyatt. "Using tools such as role-based portals, internal blogs and webcasts ensures that both managers and employees can send and receive tailored messages in an engaging format. This is useful for improving productivity and maintaining employee morale and engagement, particularly in this difficult economic time."

Companies are adopting role-based employee portals - those that are personalized to the user - the most rapidly; forty-one percent have already deployed or are piloting role-based employee portals and nearly a quarter (24 percent) are planning to adopt them in the next 24 months. Unsurprisingly, adoption of generic intranets has slowed almost to a halt: While 86 percent of companies currently have them, almost none (a mere 2 percent) plan to implement them in the next 24 months. Rather, companies are planning to deploy blogs (13 percent), wikis (13 percent) and podcasts (10 percent) in the same timeframe.

Companies adopting Web 2.0 technologies in overall technology mix Planning For Deployed or Not Planning Next 24 Piloting Months Role-based portal 24% 41% 35% Social networking 14% 23% 62% Blog 13% 21% 65% Wikis 13% 15% 72% Online video 11% 56% 34% Podcasts 10% 19% 72% RSS feeds 8% 12% 79% Generic intranet 2% 86% 12%

"We are seeing substantially more dissatisfaction with older technologies that cannot be personalized, as employees become much more familiar with Web 2.0 tools and the benefits they provide. Such benefits range from ease of global collaboration to better communication and increased productivity," said Michael Rudnick, Watson Wyatt's global portal and collaboration leader. "Even though defining what exactly comprises Web 2.0 can be imprecise at times, employers are clearly recognizing its practical and near-term value."

To view the 2009 HR Technology Trends report, visit http://www.watsonwyatt.com/techtrends09

About Watson Wyatt

Watson Wyatt is the trusted business partner to the world's leading organizations on people and financial issues. The firm's global services include: managing the cost and effectiveness of employee benefit programs; developing attraction, retention and reward strategies; advising pension plan sponsors and other institutions on optimal investment strategies; providing strategic and financial advice to insurance and financial services companies; and delivering related technology, outsourcing and data services. Watson Wyatt has 7,700 associates in 33 countries and is located on the Web at http://www.watsonwyatt.com/.

Watson Wyatt

CONTACT: Ed Emerman for Watson Wyatt, +1-609-275-5162,
eemerman@eaglepr.com, or Steve Arnoff of Watson Wyatt, +1-703-258-7634,
steven.arnoff@watsonwyatt.com

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

Global Semiconductor Manufacturers Rank Advantest as a 10 BEST Equipment Supplier for 21 Consecutive YearsAnnual VLSI Research Customer Satisfaction Survey Highlights Advantest's Industry-Leading SoC ATE Cost-of-Ownership as Key to Chip Makers' Success

SANTA CLARA, Calif., May 21 /PRNewswire-FirstCall/ -- Advantest Corporation , a leading supplier of semiconductor test equipment to semiconductor manufacturers worldwide, announces that for the 21st consecutive year, users of its test and material handling systems have ranked it among the industry's 10 BEST large suppliers of chip making equipment in the annual customer satisfaction survey conducted by VLSI Research Inc. Rankings are based on direct customer feedback representing the full spectrum of IC device makers that include Integrated Device Manufacturers (IDMs), Fabless and Outsourced Assembly and Test (OSAT) producers. In the survey, customers rated equipment suppliers across thirteen categories which spanned performance criteria, from cost of ownership to quality of results to field engineering support. In SoC test, Advantest achieved the industry's highest rating in cost-of-ownership, while in memory test, the company led the industry with the highest rating in the categories of uptime and usable throughput.

The annual survey process also named Advantest to THE BEST Chip Making Supplier lists in focused market segments for both Test and Material Handling.

In addition to the 21st consecutive 10 BEST win this year, Advantest was named to VLSI Research's 2008 Five Star Suppliers list of the most highly rated chip making equipment suppliers in customer satisfaction. Advantest has earned the coveted five-star distinction every year since the Five Star Award was initiated, and is the only company in the Test and Material Handling Equipment categories to do so.

"Advantest's fine reputation in the semiconductor industry is attributable to its robust and manufacturing worthy products, emphasis on customer relationships, and sophisticated management, all of which have contributed to its success as a truly global company," commented G. Dan Hutcheson, CEO of VLSI Research. "With over 50 years in the electrical measurement and test business, Advantest continues to demonstrate industry and business leadership, providing innovative technical advancements that help to lower the cost of test."

"Advantest values excellence and sets high standards for products and services," says R. Keith Lee, president and CEO of Advantest America, Inc. "Our sustained focus on meeting customers' needs highlights our concern for providing the most reliable test solutions that not only accelerate device time-to-market, but increase profitability. We are gratified to be so highly recognized by the world's leading semiconductor manufacturers, and grateful that our customers acknowledge our commitment to engineering the best test solutions and to delivering reliable service and innovative technologies."

About VLSI Research

VLSI Research Inc is the leading provider of market research and economic analysis on the technical, business, and economic aspects within nanotechnology and related industries. The company is known for its unparalleled accuracy, innovation in market research, and its sharply focused insight into the rapidly changing landscape of the industries covered. Its databases on manufacturing are used throughout the industry, and by government. VLSI Research's primary databases and reports cover the semiconductor, flat panel display, PV cell and module manufacturing industries, and the market for critical subsystems and components within these and associated high technology industries. VLSI Research was founded in 1976. The company's website is https://www.vlsiresearch.com/

About Advantest

Advantest Corporation is a world-leading automatic test equipment supplier to the semiconductor industry, and a producer of electronic and optoelectronic instruments and systems. A global company, Advantest has long offered total ATE solutions and serves the industry in every component of semiconductor test: tester, handler, mechanical and electrical interfaces, and software. Serving the IDM, fabless and OSAT markets, its SoC and memory testers, and device handlers, are integrated into the most advanced fabrication lines in the world. Founded in Tokyo in 1954, Advantest established its North American subsidiary in 1982. Advantest America, Inc. and Advantest America R&D Center, Inc. are based in Santa Clara, Calif. More information is available at http://www.advantest.com/

Advantest Corporation

CONTACT: Amy Gold, Advantest America, Inc., +1-212-850-6670,
a.gold@advantest.com

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

Retail and Consumer Products Leaders to Gather at DemandBetter 2009Annual DemandTec event to feature shopper-centricity, collaboration and other transformative strategies for today's economy and beyond

SAN CARLOS, Calif., May 21 /PRNewswire-FirstCall/ -- DemandTec, Inc. , a leading provider of on-demand optimization solutions for retailers and consumer products manufacturers, today announced that DemandBetter 2009, DemandTec's seventh annual customer conference, will take place on May 28-29 at The Palace Hotel in San Francisco. The event will provide executives from the retail and consumer products industries, analysts and solutions providers from around the world opportunities to share strategies and best practices in addition to experiencing the next generation of software services provided by DemandTec.

"DemandBetter is an excellent opportunity for retailers and consumer products manufacturers to share ideas and best practices around important issues both industries face today. Infusing shopper insights deeply into the business and redefining how vendors and retailers collaborate are two of the key topics that will be discussed during this exciting conference," said Dan Fishback, CEO of DemandTec.

DemandBetter 2009 will feature presentations and discussion sessions that include:

-- A panel of retailers and consumer products manufacturers including BI-LO, Bon Ton Stores and Kraft Foods. -- Consumer products and retail management guru Win Weber giving the keynote address entitled The Future: Shopper Centric Retailing and Trading Partner Collaboration. -- Former Best Buy merchandising executive Dan Moe leading sessions on Best Practices with Advertising & Marketing Execution and Improving End-to-End Promotion Management: People, Process. -- Kevin Sterneckert, Research Director, AMR Research, presenting Trends and Best Practices in Promotion Management. -- Ken Dickman and George Coleman from Accenture leading a session entitled Retail Strategy for Today's Economy.

DemandBetter 2009 is sponsored by DemandTec partners Accenture, Booz & Company and Weather Trends International.

DemandBetter 2009 will also feature DemandTec's next generation of software services. For retailers, DemandTec will showcase enhancements in Lifecycle Price Optimization, End-to-End Promotion Management, and Assortment and Space. For consumer products manufacturers, DemandTec will highlight new capabilities in Trade Effectiveness including Trade Planning & Optimization as well as Advanced Deal Management and Allowance Billing.

For more information about DemandBetter 2009, please contact events@demandtec.com

About DemandTec, Inc.

DemandTec enables retailers and consumer products companies to optimize merchandising and marketing decisions, individually or collaboratively, to achieve their sales volume, revenue, and profitability objectives. DemandTec software services utilize DemandTec's science-based software platform to model and understand consumer behavior. DemandTec customers include more than 195 leading retail and consumer products manufacturers such as ACE Hardware, Advance Auto Parts, Belk, Best Buy, Bon-Ton Stores, Circle K Stores, ConAgra Foods, Delhaize America, General Mills, Giant-Carlisle, H-E-B Grocery Co, Hormel Foods, Monoprix, PETCO, Safeway, Sara Lee, Spartan Stores, Toys "R" Us and WH Smith. Connected via the DemandTec TradePoint Network(TM), DemandTec customers have collaborated online with nearly 2.2 million trade deals.

DemandTec Safe Harbor

This press release contains forward-looking statements regarding DemandTec's expectations, hopes, plans, intentions or strategies. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties include those described in DemandTec's documents filed with or furnished to the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to DemandTec as of the date hereof, and DemandTec assumes no obligation to update these forward-looking statements.

DemandTec Media Contact: Mitch Kristofferson (650) 226-4630 mitch.kristofferson@demandtec.com DemandTec Investor Contact: Tim Shanahan (650) 226-4603 tim.shanahan@demandtec.com

DemandTec and the DemandTec logo are registered trademarks of DemandTec, Inc. All other trademarks are the property of their respective owners.

DemandTec, Inc.

CONTACT: Media, Mitch Kristofferson, +1-650-226-4630,
mitch.kristofferson@demandtec.com, or Investors, Tim Shanahan,
+1-650-226-4603, tim.shanahan@demandtec.com, both of DemandTec, Inc.

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

Integral Systems Relocates Corporate Headquarters to Columbia, MDSatellite Company Looks Forward to Growing in Howard County

COLUMBIA, Md., May 21 /PRNewswire-FirstCall/ -- Integral Systems, Inc. has announced that its corporate headquarters have now relocated from Lanham, MD, to Columbia, MD. Based in Lanham for more than 15 years, the company gained an additional 46,000 square feet of new space in which to grow its expanding global satellite technology business. The new office space is being leased by Corporate Office Properties Trust (COPT), which also supports Integral's properties in Chantilly, VA and Colorado Springs, CO.

"Residing in the greater Washington DC area is critical to our business," said John Higginbotham, CEO of Integral Systems. "Moving to Howard County provided us with an easily accessible location for customers and employees and a professional work environment. Our strong partnership with Howard County and our business partner, COPT, was absolutely critical to the success of this move."

"On behalf of the citizens of Howard County, I extend a welcome to Integral Systems as this outstanding company moves into its impressive new headquarters in Howard County," said Howard County Executive Ken Ulman. "Integral joins a growing list of corporations that call Columbia Gateway their home. We thank Integral Systems for their investment in Howard County and for creating new jobs here."

Later this year, Integral Systems will pursue a U.S. Green Building Council Leadership in Energy and Environmental Design (LEED) certification for the new building. When designing the facility, Integral Systems sought to maximize efficiency, create the healthiest workplace environment possible, and minimize environmental impact.

Integral Systems develops integrated technology solutions for satellite interfaced systems for government and commercial customers. The company has served the U.S. Air Force, NASA, National Oceanic and Atmospheric Administration and satellite operators around the globe for more than 25 years. Integral Systems has completed more than 200 satellite missions for communications, science, meteorological and other applications.

For more information on Integral Systems, go to http://www.integ.com/. About Integral Systems

Integral Systems, Inc. applies more than 25 years experience to provide integrated technology solutions for SATCOM-interfaced networks. Customers have relied on the Integral Systems family of companies (Integral Systems Europe, Lumistar, Inc., Newpoint Technologies, Inc., RT Logic, and SAT Corporation) to deliver on time and on budget for more than 250 satellite missions. Our dedication to customer service has solidified long-term relationships with the U.S. Air Force, NASA, NOAA, and nearly every satellite operator in the world. Integral Systems is listed in Forbes' Top 200 Small Companies in America for 2008. For more information, visit http://www.integ.com/.

Integral Systems, Inc.

CONTACT: Company Contact: Kathryn Herr, Vice President, Marketing and
Communications of Integral Systems, Inc., +1-443-539-5118, kherr@integ.com; or
Media Contact: Andrew Miller of Zeno Group for Integral Systems,
+1-707-386-1193, andrew.miller@zenogroup.com

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

Photo: MultiVu Appoints Missy Gartner to Spearhead Business Development and Customer Integration for New Multimedia Asset Management and Distribution Platform

NEW YORK, May 21 /PRNewswire/ -- MultiVu, PR Newswire's multimedia video production division, announced today the appointment of Missy Gartner to the position of National Account Manager. Ms. Gartner will be responsible for introducing The Digital Center, a state-of-the art multimedia and video archive, and asset management and distribution platform, to current and prospective clients.

To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/multivu/38530/

(Photo: http://www.newscom.com/cgi-bin/prnh/20090521/NY21251 )

Ms. Gartner has significant experience in the digital media space, most recently working as Strategic Account Manager for The FeedRoom, where she managed media clients including U.S. News & World Report, Conde Nast, and The New York Times. She began her career in digital media at The NewsMarket as a Multimedia Consultant and Project Manager, later moving to NBC Universal where she managed content distribution for iVillage.

As National Account Manager, Ms. Gartner will tap her experience launching online video distribution solutions for Fortune 500 companies, NGO's and government organizations such as Google, General Motors, AstraZeneca, the American Lung Association, and the US Department of State, to expand customer relationships and increase customer satisfaction for The Digital Center, as well as provide product support.

"Missy's significant experience in this industry will help us introduce The Digital Center to the marketplace, while her expertise will help our customers take full advantage of its numerous unique attributes," said Todd Grossman, vice president, Sales and Client Services, MultiVu. "Multimedia and video will soon be the primary way in which organizations connect and engage with their audiences, and the Digital Center provides an easily accessible portal to archive, manage and share this type of information with a breadth and depth that is unparalleled in the industry."

Ms. Gartner commented, "I've worked directly with what many consider to be the industry's leading online video storage systems, and MultiVu's new Digital Center's archiving, asset storage and distribution capabilities far exceed any I've seen. The platform is extremely user friendly, and users can archive assets such as videos, photos and logos, and instantaneously disseminate this content, 24/7, to media and consumer audiences around the world."

Unique to The Digital Center is the ability to distribute video and multimedia content to PR Newswire's vast media network and to the members of PR Newswire for Journalists, a media-only website with reporters and bloggers from more than 27,000 media organizations. Further, in addition to providing the ability to download content in multiple formats that cater to journalists in the US and internationally, The Digital Center also offers a variety of public and password-protected distribution channels, including streaming preview and direct download capabilities for pre-screened and registered media, bloggers and websites.

The Digital Center promotes direct, one-on-one engagement through an optional comment and rating system that enables consumer and media to provide feedback on videos and other promotional materials. The Digital Center also offers reporting and tracking capabilities, such as the number of hits a video receives and demographic information on individuals who download full digital files.

To find out more about The Digital Center, contact digitalcenter@multivu.com.

About PR Newswire

PR Newswire is the global leader in innovative communications and marketing services, enabling organizations to connect and engage with their target audiences worldwide.

Through its multi-channel distribution network, audience intelligence, targeting, and measurement services, PR Newswire helps corporations and organizations conduct rich, timely and dynamic dialogues with the media, consumers, policymakers, investors and the general public, in support of building brands, generating awareness, impacting public policy, driving sales, and raising capital.

Pioneering the commercial news distribution industry 55 years ago, PR Newswire connects customers with audiences in more than 170 countries and in over 40 languages through an unparalleled network of offices in 16 countries across North and South America, Europe, Asia, and the Middle East, and via unique affiliations with the leading news agencies across the globe. PR Newswire is a subsidiary of United Business Media Limited, a leading global business media company that serves professional commercial communities around the world. For more information, go to http://www.unitedbusinessmedia.com/.

About United Business Media Limited

UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetisation of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewellery traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organised into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently.

For more information, go to http://www.unitedbusinessmedia.com/

Photo: http://www.newscom.com/cgi-bin/prnh/20090521/NY21251 Video: http://www.prnewswire.com/mnr/multivu/38530 PR Newswire

CONTACT: Rachel Meranus, Vice President, Public Relations of PR
Newswire, +1-201-360-6776, rachel.meranus@prnewswire.com

Company News On-Call: http://www.prnewswire.com/comp/146750.html
http://www.prnewswire.com/comp/683182.html

TRX Offers Improved Access to Industry-Leading Travel Reporting PlatformCorporate Travel Departments and Financial Managers Gain Improved Insight and Ability to Monitor and Reduce T&E Spending

ATLANTA, May 21 /PRNewswire-FirstCall/ -- TRX, Inc. , a global leader in travel technology and data services, today announced the release of the latest version of TRAVELTRAX. TRAVELTRAX is a suite of travel data management and business intelligence solutions delivered as hosted software with support services which transforms transaction data into actionable insights and enables corporations and travel management companies to effectively monitor and control T&E costs.

The latest version of TRAVELTRAX, version 5.5, introduces an updated user interface (UI) that incorporates three key web design principles--simplification, improved accessibility, and user-driven customization--to allow users to access reports, build custom dashboards, and configure system and user settings more effectively.

The new UI improves navigation workflow, which helps users locate, load, and run travel expense reports more efficiently. In addition, the new UI features updated icons and visualizations to facilitate and encourage end-user interactivity, and new, efficient page layouts that improve overall productivity and reduce end-user training requirements.

"Delivering clear, compelling, and easily accessible travel and expense insights is our primary goal with TRAVELTRAX. This suite enables our clients to focus on the actions required to drive costs out of their travel program," said Shane Hammond, President and CEO, TRX. "Our latest release demonstrates our ongoing commitment to the end user experience in parallel with our focus on unparalleled data integration and consolidation services."

"TRAVELTRAX's new user interface is a welcomed enhancement. With the updated site design, our current users are more productive than ever. New users require even less training to access our dashboards and reports, which accelerate the adoption of our agency's travel programs. This maximizes the productivity of our Account Managers, creates differentiation between us and our competitors, and raises the overall success of our hosted travel initiatives. TRX has again set the bar in travel data reporting," said Pat Fragale, president of Directravel.

TRAVELTRAX version 5.5 is currently in full release and is accessible to all current clients using the hosted TRAVELTRAX application.

About TRX

TRX is a global leader in travel technology and data services. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia. Please visit the company's website at http://www.trx.com/.

About Directravel

For more than 25 years, Directravel has provided its corporate clients with high-quality business travel management services, internet-based technology solutions and significant cost savings. With corporate offices in Mahwah, New Jersey, and regional offices in New York City; Scranton, PA; Chicago, IL; and San Francisco, CA; Directravel is ranked among the top 10 US corporate travel management firms. More than 300 Directravel travel professionals serve clients at both onsite and offsite locations nationwide.

For more information call 1-800-air-travel or visit http://www.dt.com/.

TRX, Inc.

CONTACT: Stephen L. Carroll, Senior Director, Product Marketing, TRX,
Inc., stephen.carroll@trx.com, +1-214-346-4758

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

IPTV Test & Measurement Tools Are Key to Keeping Customers, Report FindsTo retain customers, service providers, among others, must provide a satisfactory quality of digital video QoE for users, says Light Reading's Insider

NEW YORK, May 21 /PRNewswire/ -- As demand for rich media and TV content continues to grow among consumers, the delivery of digital video at an acceptable quality of experience (QoE) for the user becomes ever more important to service providers, content owners, and equipment vendors whose infrastructure underpins the networks, according to the latest report from Light Reading Insider (http://www.lightreading.com/insider), a paid research service of TechWeb's Light Reading (http://www.lightreading.com/).

IPTV & Digital Video QoE: Test & Measurement Update analyzes the technical challenges in measuring a user's digital video QoE, comparing alternative technologies and summarizing work on standardization. It explains how different approaches are needed at different points in the lifecycle of a digital video service and picks out some of the key trends in this evolving market. This report identifies and compares the differences between vendors, including those with T&M, service assurance, TV, and telecom heritages, and profiles 17 of the leading players in this fragmented and complex market space.

For a list of companies analyzed in this report, please see: http://img.lightreading.com/lri/pdf/lri0509_2companies.pdf

"There is pressure on service providers to ensure that users' QoE is high enough that they do not want to churn with an alternative provider," says Danny Dicks, research analyst for Light Reading Insider and coauthor of the report. "While a move toward multiple service bundles may be good for subscriber acquisition, retention, and revenues, the complexity of delivering multiple services over a single network is considerable - not least in terms of measuring the QoE."

The core issue is how to gather, combine, and use data to predict and evaluate QoE at various stages of a service lifecycle, Dicks notes. "Service providers and broadcasters have evolved numerous ways to this, bearing in mind the constraints they face," he says. "Measuring users' QoE, though, is a technical challenge: What is needed is to identify the right combination of measurable attributes of the network and application, and the right way of combining them, at the appropriate points in the life cycle of the service, and the right points in the network."

Key findings of IPTV & Digital Video QoE: Test & Measurement Update include:

-- Consumer expectations of IPTV and other digital video services are growing, and service providers are looking to meet QoE expectations to attract subscribers and minimize churn. -- Predicting the quality of a video requires a complex assessment of network transmission and application-layer parameters, combined in a way that models human perception -- There are several competing technologies for measuring digital video QoE; application-layer metrics are becoming more significant -- Standardization is running behind the industry's need for effective solutions -- Vendors from both the TV and telecom industries are converging on the QoE test and measurement space -- Continuous monitoring is increasingly required as services bed down

IPTV & Digital Video QoE: Test & Measurement Update is available as part of an annual single-user subscription (12 monthly issues) to Light Reading Insider, priced at $1,595. Individual reports are available for $900 (single-user license).

To subscribe, or for more information, please visit: http://www.lightreading.com/insider. For more information on all of Light Reading's Insider services, please visit http://www.lightreading.com/research.

To request a free executive summary of the report, or for details on multi-user licensing options, please contact:

Jeff Claudino Director of Sales Insider Research Services 619-229-9940 claudino@lightreading.com Press/analyst contact: Dennis Mendyk Managing Director Insider Research Services 201-587-2154 mendyk@heavyreading.com About Light Reading

Founded in 2000, Light Reading (http://www.lightreading.com/) is the leading online media, research, and focused event company serving the $3 trillion worldwide communications market. Lightreading.com is the ultimate source for technology and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. Light Reading's research arms, Heavy Reading and Pyramid Research, provide the most comprehensive communications research, market data, and technology analysis in close to 100 markets around the world. Light Reading produces nearly 20 targeted communications events including TelcoTV, Ethernet Expo New York and Ethernet Expo London, The Tower Summit @ CTIA, and Optical Expo, as well as focused one-day events tailored for cable, mobile, and wireline executives. Light Reading was acquired by United Business Media in August 2005 and operates as a unit of TechWeb.

About TechWeb

TechWeb (techweb.com/aboutus), the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

* 13.3 million business decision-makers: based on # of monthly connections About United Business Media Limited

UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities - from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists - with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to http://www.unitedbusinessmedia.com/.

Light Reading Insider

CONTACT: Jeff Claudino, Director of Sales, Insider Research Services,
+1-619-229-9940, claudino@lightreading.com; or Press/analyst contact, Dennis
Mendyk, Managing Director, Insider Research Services, +1-201-587-2154,
mendyk@heavyreading.com

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

Octavian Global Technologies Completes $4,000,000 Private Placement and Converts US $6,500,000 of Debt Into Equity

LONDON, May 21 /PRNewswire-FirstCall/ -- Octavian Global Technologies, Inc. (OTC BB: OCTV) ("Octavian"), a leading provider of total gaming and lottery solutions, serving Casino, AWP (Amusements With Prizes), Lottery and emerging gaming market sectors worldwide, announced it entered into a private placement providing gross proceeds of US $4 million and converted US $6,491,176 of its outstanding debt into common equity.

Pursuant to the private placement, the Company issued (a) US $4,395,600 principal amount of Original Issue Discount Convertible Debentures due May 14, 2012 convertible into Octavian common stock at a conversion price of US $3.10, (b) five-year Common Stock Purchase Warrants to purchase up to 645,161 shares of Octavian common stock with an exercise price of US $3.10 per share, (c) seven-year Common Stock Purchase Warrants to purchase up to 645,161 shares of Octavian common stock with an exercise price of US $4.65 per share and (d) 283,587 shares of Octavian common stock.

Additionally, Austrian Gaming Industries GmbH ("AGI"), Octavian's principal supplier of casino gaming machines, agreed to exchange outstanding accounts payable held against the Company of US $6,491,176 for (a) a Convertible Debenture with a principal amount equal to US $6,491,176, at a conversion price equal to US $3.10 which was immediately converted into 2,093,928 shares of Octavian common stock, (b) five-year Common Stock Purchase Warrants to purchase up to 1,046,964 shares of Octavian common stock at an initial exercise price of US $3.10 per share, (c) seven-year Common Stock Purchase Warrants to purchase up to 1,046,964 shares of Octavian common stock at an exercise price of US $4.65 and (d) 418,786 shares of Octavian common stock.

Octavian has 10,812,700 shares of common stock issued and outstanding immediately following the financing described above.

The securities issued in the private placement and conversion have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and accordingly may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

About Octavian Global Technologies Inc http://www.octavianinternational.com/

Established in 2001, Octavian is a leading provider of total gaming and lottery solutions, serving Casino, AWP (Amusements With Prizes), Lottery and emerging gaming market sectors worldwide. Octavian-developed solutions, and also leading third-party products, are marketed under four core solution areas - OctaSystems, OctaGames, OctaSupplies and OctaLotto. The company currently has offices and computer centres in the Argentina, Australia, Colombia, Germany, Italy, Russia, Rwanda, UK, and Ukraine. Through this extensive network, and also through joint ventures and partnerships across the gaming world, Octavian systems, games and other solutions are deployed and supported in more than 30 countries.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Factors that may affect these forward-looking statements include, among others, our ability to raise capital, the decisions of third parties over which we have no control, the state of the telecommunications industry, technological changes and other factors set forth from time to time in our public statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date of this news release.

For further information contact: Octavian Helen Hedgeland +44(0)1483-543-543 or mail H.Hedgeland@octavianinternational.com

Octavian Global Technologies, Inc

CONTACT: For further information contact: Octavian, Helen Hedgeland,
+44(0)1483-543-543 or mail H.Hedgeland@octavianinternational.com

Rogers Communications Prices $1 Billion Senior Notes Offering

TORONTO, May 21 /PRNewswire-FirstCall/ -- Rogers Communications Inc. ("Rogers") announced today that it has priced an offering of $1.0 billion of 5.80% Senior Notes due 2016. The Senior Notes were priced at $997.67 per $1,000 principal amount, for an effective yield of 5.841% per annum if held to maturity. The Senior Notes will mature on May 26, 2016.

The net proceeds from the offering will be approximately $993 million, which are intended to be used for general corporate purposes, including the repayment of outstanding debt under Rogers' bank credit facility. Closing of the offering is expected to occur on or about May 26, 2009. The Senior Notes will be issued by Rogers and guaranteed by two of its wholly owned subsidiaries, Rogers Wireless Partnership and Rogers Cable Communications Inc.

The Senior Notes are being offered in each of the provinces of Canada through a syndicate of agents. Rogers will be filing a final prospectus supplement relating to the offering of the Senior Notes with the securities regulatory authorities in each of the provinces of Canada. Copies of the final prospectus supplement and the accompanying short form base shelf prospectus dated November 8, 2007 may be obtained over the Internet at the Canadian Securities Administrators' website at http://www.sedar.com/.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement.

This news release is not an offer for sale within the United States of any debt or other securities of Rogers. Securities of Rogers, including any offering of its debt securities, may not be offered or sold in the United States absent registration under U.S. securities laws or unless exempt from registration under such laws. The offering of Rogers described in this news release has not been and will not be registered under U.S. securities laws, and accordingly, any offer or sale of these securities may be made only in a transaction exempt from registration.

About the Company

Rogers is a diversified Canadian communications and media company. Rogers is engaged in wireless voice and data communications services through Rogers Wireless, Canada's largest wireless provider and the operator of the country's only national GSM and HSPA based network. Through Rogers Cable, Rogers is one of Canada's largest providers of cable television services as well as high-speed Internet access, telephony services and video retailing. Through Rogers Media, Rogers is engaged in radio and television broadcasting, televised shopping, magazines and trade publications, and sports entertainment. Rogers is publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange .

Rogers Communications Inc.

CONTACT: Bruce M. Mann, (416) 935-3532, bruce.mann@rci.rogers.com; Dan
Coombes, (416) 935-3550, dan.coombes@rci.rogers.com

The SCO Group Releases Update to Popular FranklinCovey iPhone(R) ApplicationFC Tasks(TM), exclusively marketed by FranklinCovey Products(R) ranked as high as #13 on iTunes paid productivity applications

LINDON, Utah, May 21 /PRNewswire-FirstCall/ -- The SCO Group, Inc., (Pink Sheets: SCOXQ) a leading provider of UNIX(R) software technology and provider of mobility solutions, today announced that it has released an update to its popular iPhone and iPod Touch(R) productivity application, FC Tasks, which is marketed exclusively by FranklinCovey Products. FC Tasks by FranklinCovey is an easy-to-use, feature-rich task management tool that incorporates proven FranklinCovey planning methodology. FC Tasks quickly manages daily personal and professional tasks from an iPhone and iPod Touch with this app developed by the world leaders in time management. FC Tasks, which is sold on Apple's iTunes store and is available for download on iPhone and iTouch devices, is currently ranked #25 on the Apple store for paid productivity apps and has been in the top 50 for 12 weeks and has reached as high as #13.

"FC Tasks is an excellent and easy mobile application for organizing a chaotic life," said Jeff Hunsaker, president and chief operating officer, SCO Operations. "We are pleased with the momentum we are starting to see on Apple's iTunes store and the great feedback from FC Task customers. Our technologies will enhance the communication experience of iPhone and iPod Touch users," said Hunsaker.

The new release of FC Tasks includes the ability to create recurring tasks, complete and forward tasks, delegate via email and many other features for better ease of use. A demonstration video of the product is available for viewing at: http://www.youtube.com/watch?v=P5wSmGbXuZs

Existing FC Tasks users are entitled to a free upgrade to the latest version by just clicking on "Updates" in the AppStore or searching for FC Tasks and entering their iTunes credentials. More information can be found at http://www.fcmobilelife.com/products/fctasks.php

About SCO

The SCO Group (SCOXQ.PK) is a leading provider of UNIX software technology and a provider of mobility solutions. The Me Inc. product line at SCO focuses on creating mobile platforms, services and solutions for businesses and enhances the productivity of mobile workers. Headquartered in Lindon, Utah, SCO has a worldwide network of resellers and developers. SCO Global Services provides reliable localized support and services to partners and customers. For more information on SCO products and services, visit http://www.sco.com/. SCO and the associated logos are trademarks or registered trademarks of The SCO Group, Inc. in the U.S. and other countries.

About FranklinCovey Products Franklin Covey Products is a global retailer and the exclusive worldwide licensee of the FranklinCovey(tm) brand owned by Franklin Covey Co. Franklin Covey Products helps individuals and organizations achieve greater productivity, effectiveness and success. The Company's products are sold throughout Europe, Asia, Australia and the Middle East and in more than 15,000 retail outlets across North America, including 70 FranklinCovey Products stores. Some of the Company's best-known consumer products include the popular FranklinCovey Planning System(tm), PlanPlus Planning Software(tm), PlanPlus Online(tm), as well as a line of binders, business cases, totes, and other productivity and organizational tools and accessories. For more information, please visit http://www.franklinplanner.com/.

The FranklinCovey and SCO names and associated trademarks are the exclusive property of the respective companies.

The SCO Group, Inc.

CONTACT: Chantell Ferrin of The SCO Group, Inc., +1-801-932-5760,
cferrin@sco.com

Web Site: http://www.sco.com/
http://www.franklinplanner.com/

RSA Unveils New Packages to Help Mid-Sized Organizations Protect Personally Identifiable Information (PII)Cost-Effective Combination of DLP, SIEM and Strong Authentication Maximize Operational Efficiencies while Helping to Address Key U.S. Data Breach Notification Law Requirements

BEDFORD, Mass., May 21 /PRNewswire/ -- RSA, The Security Division of EMC , today announced a comprehensive set of solutions to help organizations address the most challenging aspects of complying with the U.S. Data Breach Notification Laws for protecting personally identifiable information (PII) and mitigating the risk of security breaches. Specifically, RSA is announcing three distinct packages of information security products -- including two-factor authentication, security information and event management (SIEM) and data loss prevention (DLP) -- designed to meet the needs of mid-sized companies.

Organizations entrusted with PII from customers and employees are required to take appropriate actions to secure and protect this information. In addition, laws across the United States levy varying penalties -- including public notification requirements -- for organizations suffering a PII compromise. RSA's PII package is engineered to deliver technologies that support these efforts by enabling customers to:

-- Identify PII across their environment, and understand where and how this data is being accessed and stored, and how and by whom it is being used -- Implement appropriate security controls based on policy and risk -- Monitor the environment and proactively identify potential security events in real-time

"Clearly, data breaches carry heavy costs for organizations, not to mention public embarrassment and lost goodwill," said Jon Oltsik, Principle Analyst of Enterprise Strategy Group. "By implementing a set of repeatable, scalable controls organizations can help reduce that risk."

RSA's Packaged Solutions for Securing PII

RSA developed three packages that offer cost-effective, actionable, enterprise-level solutions to mid-sized organizations concerned with preventing PII data breaches, and avoiding the costs associated with breach notifications. These packages were developed to meet different customers' specific needs, depending upon where they are in the process of protecting PII as required by various data breach notification laws across the U.S.

A core requirement for preventing a data breach is ensuring only authorized individuals may access systems containing PII. To this end, all three RSA packages include strong two-factor authentication with RSA SecurID(R) one-time password solutions. With RSA SecurID authentication, organizations can thereby help ensure that both proprietary business data, as well as private customer data, are only available to authorized users.

In addition, businesses striving to protect PII and meet notification requirements must be able to quickly identify a potential breach, and maintain logs that will help to evaluate how an incident may have occurred. To support these requirements, the three packages also include the RSA enVision(R) platform that offers collection, alerting and analysis of log data in the context of threats, vulnerabilities, IT assets, and other data to enable organizations to quickly respond to high-risk security incidents and compliance issues.

Finally, in order to effectively protect PII and attempt to comply with state-level breach notification laws, organizations must understand where sensitive data resides, and how data moves across the environment. In an effort to achieve this, RSA offers the RSA(R) Data Loss Prevention solution in three distinct modules. The RSA DLP Suite offers a vast set of pre-defined policies according to certain U.S. Data Breach Notification Laws as well as other regulations (e.g. PCI DSS, HIPPA, NERC, and CPNI).

-- For organizations seeking to initially understand how PII may be compromised when transmitted across their network boundaries, one package offers RSA Data Loss Prevention Network. This package is ideal for businesses that have yet to fully understand the movement of PII in their environments. -- For organizations lacking a clear view of where sensitive data resides, the second package offers RSA DLP Datacenter & Endpoint Discovery. With these technologies, businesses get visibility into where PII resides, helping them to evaluate whether appropriate controls are in place to prevent a breach. -- For organizations striving to address both the discovery of PII and an understanding of how such data move across the network, the third package offers RSA Data Loss Prevention Network and RSA Data Loss Prevention Endpoint & Datacenter Discovery. RSA PII Services

The RSA DLP RiskAdvisor service may be the first step for organizations to address the U.S. Data Breach Notification challenges. RSA DLP RiskAdvisor is designed to discover PII and provide a high-level mapping of business functions to sensitive information, helping organizations to understand where PII exists across the enterprise so that it can be consistently managed and protected across the information lifecycle. RSA Professional Services leverages the RSA Data Loss Prevention Suite for discovery of PII and provides a view into potential exposure.

Beyond the RSA Packages for Protecting PII

In addition to technologies found within the new packages -- two-factor authentication, security information and event management and data loss prevention -- RSA's technology solutions for helping to secure PII include adaptive authentication, web access management, encryption and encryption key management. These technologies provide key controls necessary to secure PII -- at rest, in motion and in use, thereby mitigating the risk of data breaches, and helping to enable organizations to meet U.S. Data Breach Notification Laws and other regulation requirements in the most consistent, scalable manner possible. Moreover, EMC's Physical Security Solutions are engineered to enable organizations to manage, archive, protect, authenticate, and scale security systems and video surveillance information in order to control the physical access to records and to storage areas of records containing PII.

About RSA

RSA, The Security Division of EMC, is the premier provider of security solutions for business acceleration, helping the world's leading organizations succeed by solving their most complex and sensitive security challenges. RSA's information-centric approach to security guards the integrity and confidentiality of information throughout its lifecycle -- no matter where it moves, who accesses it or how it is used.

RSA offers industry-leading solutions in identity assurance & access control, data loss prevention, encryption & key management, compliance & security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated. For more information, please visit http://www.rsa.com/ and http://www.emc.com/.

RSA, SecurID and enVision are either registered trademarks and/or trademarks of RSA Security Inc. in the U.S. and/or other countries. EMC is a registered trademark of EMC Corporation. All other products and/or services mentioned are trademarks of their respective companies.

This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) competitive factors, including but not limited to pricing pressures and new product introductions; (vi) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (viii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (ix) insufficient, excess or obsolete inventory; (x) war or acts of terrorism; (xi) the ability to attract and retain highly qualified employees; (xii) fluctuating currency exchange rates; (xiv) litigation that we may be involved in; and (xiii) other one-time events and other important factors disclosed previously and from time to time in the filings of EMC Corporation, the parent company of RSA, with the U.S. Securities and Exchange Commission. EMC and RSA disclaim any obligation to update any such forward-looking statements after the date of this release.

EMC Corporation

CONTACT: Lona Therrien of RSA, The Security Division of EMC,
+1-781-515-5449, lona.therrien@rsa.com; or Heather Milne of Outcast
Communications, +1-215-875-8138, hmilne@outcastpr.com

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

Race Fans Can Make the Call This Weekend Thanks to Verizon Wireless' Fine-Tuned Network

INDIANAPOLIS, May 21 /PRNewswire/ -- Before and after race officials wave the checkered flag in Indiana this weekend, Verizon Wireless customers will be able to make more calls; exchange more text, picture and video messages; and watch more sports clips on their wireless phones thanks to the company's recent network enhancements. Verizon Wireless has increased data capacity by 95 percent and voice capacity by 30 percent around the Indianapolis Speedway to accommodate an anticipated crowd of 400,000 for this weekend's racing extravaganza.

Verizon Wireless activated one new permanent cell site and deployed a Cell on Trailer (COT), both of which cover the Speedway. A COT is a fully functional, generator-powered mobile cell site that enhances wireless capacity in a specific location. Additionally, the company upgraded all of its permanent cell sites that provide service to the Speedway and its surrounding area to increase data capacity.

To ensure the reliability of Verizon Wireless' revved-up network, the company's real-life Indiana test man, Howard Groves, will be outside the Speedway on race day in a Verizon Wireless test vehicle, equipped with about $300,000 in special equipment designed to test voice and data coverage.*

"Fans who attend major sporting events like this one rely on their wireless phones, not only to keep in touch with friends and family members, but also to share pictures with those who are not at the race and even to watch sports highlights right from their phones," said Greg Haller, president -- Indiana/Kentucky/Michigan region, Verizon Wireless. "Our customers choose Verizon Wireless because they know they can depend on us when they pick up their phones."

These network improvements are part of Verizon Wireless' ongoing efforts to expand coverage, improve capacity and enhance the quality of its wireless voice and data network in Indiana and throughout the country. Verizon Wireless has invested more than $50 billion since it was formed --- $5.5 billion on average every year --- to increase the coverage and capacity of its premier nationwide network and to add new services. In 2008, the company invested more than $106.5 million in its Indiana network.

* Editor's Note: To learn more about testman Howard Groves and how he tests the network, visit http://news.vzw.com/testdriver/midwest/testdriver05.html. Members of the news media who would like to ride along with Howard Groves on race day and learn more about Verizon Wireless' strategy for monitoring and improving its network, can contact Kyle Niederpruem at 317-509-7334.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 86.6 million customers. Headquartered in Basking Ridge, N.J., with more than 86,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: Michelle Gilbert of Verizon Wireless, +1-248-915-3680,
Michelle.Gilbert@verizonwireless.com; or Kyle Niederpruem, for Verizon
Wireless, +1-317-509-7334, kyle@kylecommunications.com

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

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

Lockheed Martin to Webcast CEO Presentation at Investor Conference

BETHESDA, Md., May 21 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation will webcast live a presentation by Chairman, President and Chief Executive Officer, Bob Stevens, at Sanford C. Bernstein's Twenty-fourth Annual Strategic Decisions Conference on Thursday, May 28, 2009.

Mr. Stevens will present on behalf of Lockheed Martin from 2:00 to 2:50 p.m. EDT. He will highlight the corporation's performance, as well as its pursuit of a continued growth strategy. An audio replay will be available for two weeks.

Access the webcast and replay at: http://www.lockheedmartin.com/investor.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.

For additional information, visit our website: http://www.lockheedmartin.com/

Lockheed Martin Corporation

CONTACT: Media, Jeff Adams, Director, Media Relations, +1-301-897-6308,
jeffery.adams@lmco.com, or Investor Relations, Jerry Kircher, Vice President,
Investor Relations, +1-301-897-6584, jerry.f.kircher@lmco.com, or Shamala
Littlefield, Director, Investor Relations, +1-301-897-6455,
shamala.littlefield@lmco.com, all of Lockheed Martin Corporation

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

Perot Systems Announces Special Financing Options for Stimulus Plan Healthcare Technology UpgradesNew Leasing and Financing Offerings Help Healthcare Providers to Accelerate Technology Investment to Meet Reimbursement Deadlines

PLANO, Texas, May 21 /PRNewswire-FirstCall/ -- Perot Systems Corporation (http://www.perotsystems.com/) today announced the availability of financing options to healthcare clients for technology projects such as the implementation of electronic health records which are being expedited because of the American Recovery and Reinvestment Act of 2009.

These new financing options, available through Dell Financial Services, cover hardware, software, and network infrastructure purchases, as well as certain IT services implementations. The new offerings include customized options for credit-qualified hospitals, physician groups and other healthcare organizations that are seeking stimulus funding, but elements of the plans are also available to other credit-qualified clients of Perot Systems assessing ARRA stimulus payments. The financing options include a mix of competitive interest rates and deferred payment terms.

"The stimulus plan can have a far-reaching, positive impact on the quality of healthcare in our nation, and these financing options will help some clients bridge the gap between current investment needs and meeting the requirements necessary to take full advantage of the funds that become available in 2011," said Chuck Lyles, president of Perot Systems' healthcare group. "Perot Systems collaborated with Dell to help make that happen - to give healthcare providers the financial tools they need to accelerate their IT projects."

Perot Systems helps improve the delivery of care, reduce costs, and improve cash flow by providing innovative IT services and solutions to more than 1,000 hospitals nationwide. Perot Systems also provides these services to physician groups directly and to physicians affiliated with the hospitals it serves. Through hosted software solutions and contracts that provide clients savings on their IT and business process operations, Perot Systems helps organizations reduce the incremental investment necessary to adopt the latest clinical technologies and transform operations.

Dell and Perot Systems recently announced a strategic alliance to provide fully-integrated IT solutions that combine their best-in-class technology and services solutions to help healthcare organizations improve patient care, reduce costs and achieve the standard of meaningful use for electronic health records established in the American Recovery and Reinvestment Act (ARRA).

"Dell and Perot Systems are simplifying the acquisition and management of IT for providers with a range of on-premise and hosted solutions that address a variety of technology needs and budgets," said Dr. James Coffin, vice president and general manager of Dell Healthcare and Life Sciences. "With Low-interest DFS financing, Perot Systems customers can accelerate deployment of IT projects and preserve their capital for other strategic investments."

For more information about the new financing options, please visit http://www.perotsystems.com/financing.

About Perot Systems

Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2008 revenue of $2.8 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available at http://www.perotsystems.com/.

This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2008, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.

Media Contacts: Perot Systems Corporation Joe McNamara +1 972 577 6165 joe.mcnamara@ps.net Jonathan Moss +972 577-6395 jonathan.moss@ps.net

Perot Systems Corporation

CONTACT: Joe McNamara, +1-972-577-6165, joe.mcnamara@ps.net, or Jonathan
Moss, +1-972-577-6395, jonathan.moss@ps.net, both of Perot Systems
Corporation

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

Company News On-Call: http://www.prnewswire.com/comp/122686.html

Media Advisory - Sierra Wireless CEO to present at Barclays Capital Worldwide Wireless and Wireline Conference 2009

VANCOUVER, May 21 /PRNewswire-FirstCall/ -- Sierra Wireless today announced the company's upcoming participation in the Barclays Capital Worldwide Wireless and Wireline Conference 2009, to be held May 27 and 28 at the Crowne Plaza Times Square in New York. Jason Cohenour, Sierra Wireless President and Chief Executive Officer, is scheduled to speak at 11:30 AM Eastern time on Wednesday, May 27.

The conference presentation will be available by live audio webcast from the following link:

http://cc.talkpoint.com/barc002/052709a_rb/?entity=14_KBLGJ5P. At the conclusion of the conference, the webcast will be archived and remain available on demand from the above link for six months.

About Sierra Wireless

Sierra Wireless products connect people and machines to wireless networks around the world. We offer an advanced, comprehensive product line, addressing consumer, enterprise, original equipment manufacturer, and specialized vertical industry markets. We also offer a wide range of professional and operated services. Our solutions are used for mobile computing, transportation, industrial M2M (machine-to-machine), enterprise, residential and consumer communications applications. For more information about Sierra Wireless, visit http://www.sierrawireless.com/.

Sierra Wireless, Inc.

CONTACT: Sharlene Myers, Sierra Wireless, Phone: (604) 232-1445, Email:
smyers@sierrawireless.com

Two Verizon Business Customers Named Laureates in 2009 Computerworld Honors ProgramBrooklyn Health Information Exchange, University of Pittsburgh Honored for Outstanding Use of Information Technology to Benefit Society

BASKING RIDGE, N.J., May 21 /PRNewswire/ -- Two Verizon Business customers - the Brooklyn Health Information Exchange and the University of Pittsburgh - have been honored as Laureates by IDG's 2009 Computerworld Honors Program.

Each year, the Computerworld Honors Program Chairmen's Committee, a group of 100 leaders of the world's foremost information technology companies, recognizes the most outstanding visionary applications of information technology that promote positive social and economic progress.

"We are thrilled that the Computerworld Honors Program has recognized these Verizon Business customers for their innovative use of information technology," said Nancy Gofus, senior vice president - global business products, Verizon. "The Brooklyn Health Information Exchange and the University of Pittsburgh stand out as shining examples of how our advanced IP solutions can be leveraged by large-business and government customers to transform operations and better serve key stakeholders."

The honorees will be recognized during the 21st Annual Laureates Medal Ceremony & Gala Awards event on June 1 at the Andrew W. Mellon Auditorium in Washington, D.C. The Computerworld Honors Program was founded in 1988.

Following are descriptions of how the Brooklyn Health Information Exchange and the University of Pittsburgh are using advanced communications and information technology solutions provided by Verizon Business:

-- Brooklyn Health Information Exchange - Designed to meet the federal call-to-action to transform health care delivery through regional collaboration, the Brooklyn Health Information Exchange (BHIX) is a consortium of 10 Brooklyn-based health care organizations representing the full continuum of medical care. Led by Maimonides Medical Center, the BHIX uses a high-capacity, resilient optical network provided by Verizon Business to securely share patient information via electronic medical records transferred between participating health care organizations over the Maimonides network. By spurring the adoption of a common health care information platform, supported by shared policies, as well as privacy and security standards designed to create a sustainable business model, the BHIX enrolled - in just five months - more than 20,000 patients to participate in the program. -- University of Pittsburgh - Faced with the daunting challenge of communicating quickly and reliably with tens of thousands of students, faculty and staff about potential safety incidents across five campuses, the University of Pittsburgh chose Verizon Notification Services, a network-based, multi-model alert notification service that delivers customized, time-sensitive communications through landline and cell phones, faxes, text messaging and e-mail. Verizon Business and the University of Pittsburgh worked closely to deploy the alert notification platform, including integration with the school's central directory. The system has been used four times, with a successful message delivery rate of 99.8 percent.

"The Computerworld Honors Program recognizes organizations for their ongoing efforts to utilize technology in order to benefit society," said Ron Milton, chairman - Board of Trustees, Computerworld Information Technology Awards Foundation and executive vice president, Computerworld. "We are proud to publicly acknowledge the Brooklyn Health Information Exchange and the University of Pittsburgh for their technical prowess and success."

Case studies and oral histories highlighting the technology achievements of these Verizon Business customers, as well as all 2009 Computerworld Honors Program Laureates, are preserved and protected in national archives, and in more than 350 universities, museums and research institutions around the world. Additional information about the program and an archive of past Laureates is available on the program's Web site at http://www.cwhonors.org/.

"In honoring the Brooklyn Health Information Exchange and the University of Pittsburgh, the Computerworld Honors Program is highlighting the transformative power of technology," said Blair Crump, group president - worldwide sales, Verizon Business. "Every day, Verizon Business helps its customers deploy advanced communications and information technology solutions to solve critical business issues. These two customers demonstrate how vision and technical know-how translate into success."

About Verizon Business

Verizon Business, a unit of Verizon Communications , is a global leader in communications and IT solutions. We combine professional expertise with the world's most connected IP network to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees - enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments - including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions - rely on our professional and managed services and network technologies to accelerate their business. Find out more at http://www.verizonbusiness.com/.

About Computerworld Honors Program

Founded by International Data Group (IDG) in 1988, the Computerworld Honors Program is governed by the not-for-profit Computerworld Information Technology Awards Foundation. In its 21st year, Computerworld Honors is the longest running global program to honor individuals and organizations that use information technology to benefit society. Each year, the program's Chairmen's Committee, a group of 100 Chairmen/CEOs of global technology companies, nominates individuals and organizations around the world whose visionary application of information technology promotes positive social and economic progress. Nominations are evaluated by an independent board of CIO-level judges who select Laureates, Finalists and award recipients, in 10 industry-related categories.

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

Verizon Business

CONTACT: Kevin W. Irland, +1-703-886-1117, kevin.w.irland@verizon.com

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

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

Cary T. Fu Appointed Benchmark Electronics Chairman of the Board

ANGLETON, Texas, May 21 /PRNewswire-FirstCall/ -- Benchmark Electronics, Inc., announced today the appointment of Cary T. Fu, the Company's Chief Executive Officer, as Chairman of the Board, effective May 20, 2009. Mr. Fu, a co-founder of the Company, succeeds outgoing Chairman Donald E. Nigbor who has retired.

Mr. Fu will serve as Chairman and Chief Executive Officer. He has been a director since 1990 and Chief Executive Officer since September 2004. Mr. Fu holds an M.S. degree in accounting from the University of Houston and is a Certified Public Accountant.

Benchmark Electronics, Inc. provides electronics manufacturing, design and engineering services to original equipment manufacturers of computers and related products for business enterprises, medical devices, industrial control equipment, testing and instrumentation products, and telecommunication equipment. Benchmark's global operations include 20 facilities in ten countries. Benchmark's Common Shares trade on the New York Stock Exchange under the symbol BHE.

Benchmark Electronics, Inc.

CONTACT: Ellen M. Dylla, Investor Relations of Benchmark Electronics,
Inc., +1-979-849-6550

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

IBM and Russian Railways Build Smarter Transportation System

MOSCOW, May 21 /PRNewswire/ --

- Rail network uses IBM hardware and software to manage freight and passenger operations

Russian Railways, one of the largest railway operators in the world, is working with IBM (NYSE: IBM) to help optimize its IT infrastructure and is using new technologies to improve its freight and passenger management systems.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )

Russian Railways manages an enormous network of passenger and freight trains relying on a powerful and dynamic IT infrastructure. To gain better control of this complex rail system, IBM is working with Russian Railways to migrate its freight and passenger management, as well as financial management, applications to three new consolidated, disaster-proof data centers based on IBM mainframe technology. Prior to this latest project, the company's human resource management system, which caters for the company's 1.3 million employees, was implemented on the new infrastructure.

The project, which is scheduled for completion in 2010, will enable Russian Railways to achieve a system reliability and fault-tolerance level of 99.9 percent while substantially reducing operating costs and capital required for future development.

"Rail networks in Russia have been using IT for more than fifty years, but in recent years technology has left the industry behind. Now we have access to the most powerful and intelligent hardware and software available to consolidate our large-scale IT infrastructure. This is increasingly important to us as we are integrating our operations and moving towards a centralized company structure," said Valeriy Vishnyakov, Director of the Main Data Center at Russian Railways.

IBM is partner to many other leading rail operators in various projects around the world where it is helping to build smarter rail systems. By using a combination of IBM hardware, software and services, leading rail networks are able to improve the speed, safety, reliability and efficiency of both passenger and freight trains.

"National railways are the backbone of the economy in many countries which is why governments all over the world are investing heavily in IT solutions to make railways more efficient and secure, and to improve the speed and maintenance of rail networks," said Kirill Korniliev, Country General Manager of IBM Russia. "IBM's technologies and rail expertise allow Russian Railways to lay the foundation for smarter railway transportation across Russia."

IBM specialists developed an IT strategy that involved consolidation of the 17 Regional data centers and the main data center to only three data processing facilities in Moscow, St. Petersburg and Ekaterinburg. Replication between the facilities will enable data and process recovery in case of a regional disaster or failure at one of the centers, in which case the workload will be distributed between the other two operational centers.

Each data center complex consists of two or more IBM System z10 servers running IBM DB2 and more than 15 high-end and midrange IBM Power6 servers. Earlier this year, IBM also signed a contract with Russian Railways to provide maintenance services for the data centers.

Russian Railways is also using IBM WebSphere software for core internal and external web portals. The internal portal is used for information management and document sharing amongst railway employees. The external portal improves the passenger experience by allowing tickets to be booked online without passengers having to visit a train station in advance.

About Russian Railways

Russian Railways is one of the biggest railway companies in the world, operating 85,500 km of track and employing 1.3 million people. Russian Railways carries nearly 1.3 billion passengers each year and accounts for over 3.6% of Russia's GDP, handling almost 80% of all transportation in Russia and shipping 1.3 billion tons of freight per annum.

For more information on IBM's work with leading rail networks around the world, go to: http://www.ibm.com/ibm/ideasfromibm/us/smartplanet/topics/smarterrailroads/20090511/index.shtml

To view IBM's Institute for Business Value Paper, "The Smarter Railroad," go to: www.ibm.com/travel/smarterrailroads

To view a video on IBM's smarter transportation initiatives, go to: http://www.youtube.com/watch?v=3fCjXMCMjgw

Contacts: Matt Berry IBM mhberry@us.ibm.com +1-914-766-1715 Jonathan Batty IBM Russia Jonathan.Batty@ru.ibm.com +7-495-775-8800

IBM

Matt Berry, IBM, mhberry@us.ibm.com, +1-914-766-1715, or Jonathan Batty, IBM Russia, Jonathan.Batty@ru.ibm.com, +7-495-775-8800; Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO

More 3G Wireless Coverage for Vista, California ResidentsNew Verizon Wireless cell site also adds capacity to stay ahead of demand for calls, email and text

IRVINE, Calif., May 21 /PRNewswire/ -- San Diego County residents, businesses and visitors are enjoying improved service thanks to a new Verizon Wireless cell site. The site expands 3G wireless coverage in Vista, along Shadowridge Drive from South Melrose Drive in the west to Sycamore Avenue in the east; along South Melrose Drive from Cannon Road in the north to Park Center Drive in the south. The site also provides coverage to the new Vista MSC and the immediate vicinity. The increase in network coverage and capacity means more calls, emails, text and picture messages for locals, plus expanded wireless access to the web.

Verizon Wireless invested over $600 million in California during 2008 to enhance service and coverage. Nationally, the company has invested more than $48 billion in its network since it was formed in 2000. The result is the nation's largest, most reliable 3G network that powers services such as Mobile Broadband and email.

Businesses of any size can tap into the power of Mobile Broadband. The service allows users to connect to the Internet wirelessly while on the go to download music over-the-air, and access e-mail or corporate data. For example, customers can download a small 1 megabyte PowerPoint(R) presentation in about eight seconds and upload the same-sized file in less than 13 seconds.

Small business owners interested in Mobile Broadband, and other wireless solutions, can visit http://smallbusiness.vzw.com/ where they will find:

-- An online forum to share experiences and connect with other business owners -- Access to Small Business Specialists in each Verizon Wireless store -- Discounts and promotions to help businesses stretch their budgets -- Summaries of mobile solutions like email, wireless Internet and Push to Talk service -- 24/7 tech support

Verizon Wireless tests its network and those of its competitors. The company determines if voice calls and data connections are successful on the first attempt and stay connected. Nationally, Verizon Wireless' real-life test men and women drive 91 specially equipped vehicles almost 1,000,000 miles annually. They drive on Interstate, U.S. and state highways, as well as major roads and streets in high-population areas, based upon U.S. Census counts. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 80 million customers. Headquartered in Basking Ridge, N.J., with more than 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: Ken Muche of Verizon Wireless, +1-949-286-8193,
Ken.Muche@VerizonWireless.com

Web Site: http://www.verizonwireless.com/
http://smallbusiness.vzw.com/

BM&FBOVESPA Authorizes Derivative Trading Via Co-locationNew direct market access technology allows investors and brokerage houses to install their servers in the Exchange

SAO PAULO, May 21 /PRNewswire-FirstCall/ -- The Brazilian Securities, Futures and Commodities Exchange - BM&FBOVESPA will offer, beginning on June 15, a new trading technology for the derivatives segment: Direct Market Access via co-location. The objective of this new technology is to attract more investors and to promote liquidity and the further development of the Brazilian market. Co-location is a form of Direct Market Access (DMA) that allows brokerage houses and investors to install their own computer servers in the Exchange's data processing center.

Trading via co-location facilitates the trading of both national and international clients known as algorithmic traders. This type of trading uses computer generated programs (Automated Trading System - ATS) that are able to evaluate scenarios, generate buy and sell orders, and send them directly to BM&FBOVESPA's electronic trading system.

The new model will contribute to greater trading efficiency and product liquidity. For example, a large investment fund can establish several arbitrage strategies by automatically buying and selling different assets at the same time, like currency, interest rates, indexes, and even commodities futures contracts. The arbitrage can involve both BM&FBOVESPA and CME products (available on Globex, CMEGroup electronic trading platform).

Initially, co-location will be available for the BM&F market segment with access to the Global Trading System (GTS), the Exchange's electronic derivatives trading platform. Trading via co-location for the Bovespa market segment, with access to the electronic equities trading platform Mega Bolsa, is scheduled to begin during the third quarter of 2009, after the approval of the Comissao de Valores Mobiliarios, the Brazilian Securities and Exchange Commission.

In order to be authorized to trade BM&FBOVESPA markets via co-location, the participant must be registered with one of the Exchange's brokerage houses. These brokerage houses will be responsible for risk management and the monitoring of orders. This new trading model will also allow the brokerage houses to widen their range of products and services by offering a complete automation in the order routing process. Thus, allowing economies of scale cost reduction, and better customer service, in line with the latest international market tendencies.

BM&FBOVESPA S.A. Press Office Phones: 55 11 3233 2313/ 2943 / 2271 e-mail: imprensa@bmfbovespa.com.br http://www.bmfbovespa.com.br/ Novo Mercado: BVMF3

BM&FBOVESPA S.A.

CONTACT: BM&FBOVESPA S.A. Press Office, +011-55-11-3233-2313,
+011-55-11-3233-2943, +011-55-11-3233-2271, imprensa@bmfbovespa.com.br

Web site: http://www.bmfbovespa.com.br/

ARRIS To Present at the Cowen and Company Technology Media & Telecom Conference

SUWANEE, Ga., May 21 /PRNewswire-FirstCall/ -- ARRIS a global telecommunications technology leader, today announced that Robert Stanzione, ARRIS Chairman & CEO, will participate in the 37th Annual Technology Media & Telecom Conference at the New York Palace in New York, NY on Wednesday, May 27, 2009 at approximately 1:35 pm EDT. Investors and analysts may participate in the live webcast of the "fire-side chat" format presentation by going to:

Webcast : http://www.corporate-ir.net/ireye/confLobby.zhtml?ticker=ARRS&item_id=2209932

The webcast replay will be available approximately 1 hour after the webcast presentation ends and is accessible for 90 days.

About ARRIS

ARRIS is a global communications technology company specializing in the design, engineering and supply of technology supporting triple- and quad-play broadband services for residential and business customers around the world. The company supplies broadband operators with the tools and platforms they need to deliver reliable telephony, demand driven video, next-generation advertising and high-speed data services. ARRIS products expand and help grow network capacity with access and outside plant construction equipment, reliably deliver voice, video and data services and assure optimal service delivery for end customers. Headquartered in Suwanee, GA, USA, ARRIS has R&D centers in Atlanta; Chicago; State College, PA; Beaverton, OR; Wallingford, CT; Cork, Ireland; and Shenzhen, China, and operates support and sales offices throughout the world. Information about ARRIS products and services can be found at http://www.arrisi.com/.

ARRIS

CONTACT: Jim Bauer of ARRIS Investor Relations, +1-678-473-2647,
jim.bauer@arrisi.com

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

inTEST Corporation Receives Nasdaq Non-Compliance Notice

CHERRY HILL, N.J., May 21 /PRNewswire-FirstCall/ -- inTEST Corporation , an independent designer, manufacturer and marketer of semiconductor automatic test equipment (ATE) interface solutions and temperature management products, today reported that, on May 18, 2009, it received a Nasdaq Staff Deficiency letter indicating that it is not in compliance with the filing requirement under Nasdaq's Listing Rule 5250(c)(1) due to its failure to timely file its Form 10-Q for the period ended March 31, 2009. The receipt of this letter was anticipated, as previously reported in the Company's Form 8-K filed on May 15, 2009.

The notice further stated that Nasdaq rules permit inTEST to submit a plan to regain compliance by no later than July 17, 2009, or within 60 calendar days, with regard to this filing. However, because the Company is also delinquent in its Annual Report on Form 10K for the period ended December 31, 2008 (the "Initial Delinquent Filing"), any exception to regain compliance, if granted, will be limited to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, or until September 28, 2009. inTEST currently anticipates regaining compliance with the filing requirement by filing its Form 10-Q prior to July 17, 2009.

About inTEST Corporation

inTEST Corporation is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products, which are used by semiconductor manufacturers to perform final testing of integrated circuits (ICs) and wafers. The Company's high-performance products are designed to enable semiconductor manufacturers to improve the speed, reliability, efficiency and profitability of IC test processes. Specific products include positioner and docking hardware products, temperature management systems and customized interface solutions. The Company has established strong relationships with semiconductor manufacturers globally, which it supports through a network of local offices. For more information visit http://www.intest.com/.

CONTACT:

Hugh T. Regan, Jr., Treasurer and Chief Financial Officer, inTEST Corporation, 856-424-6886, ext 201.

Forward-Looking Statements:

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not convey historical information, but relate to predicted or potential future events that are based upon management's current expectations. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. In addition to the factors mentioned in this press release, such risks and uncertainties include, but are not limited to, changes in business conditions and the economy, generally; changes in the demand for semiconductors, generally; changes in the rates of, and timing of, capital expenditures by semiconductor manufacturers; progress of product development programs; increases in raw material and fabrication costs associated with our products; implementation of additional restructuring initiatives; costs associated with compliance with Sarbanes Oxley and other risk factors set forth from time to time in our SEC filings, including, but not limited to, our periodic reports on Form 10-K and Form 10-Q. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.

inTEST Corporation

CONTACT: Hugh T. Regan, Jr., Treasurer and Chief Financial Officer,
inTEST Corporation, +1-856-424-6886, ext. 201

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

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