TerreStar Europe Seeks Annulment of European Commission Decision

LONDON, May 25 /PRNewswire/ --

TerreStar Europe Limited, an indirect, majority-owned subsidiary of TerreStar Corporation (Nasdaq: TSTR), announced that it has brought an action against the European Commission before the Court of First Instance in Luxembourg, seeking the annulment of the Decision of 13 May 2009 selecting two operators of pan-European mobile satellite services (MSS) in the EU.

TerreStar Europe believes that a prompt and narrowly focused review by the Court can address the Commission's mistake without interfering with the Commission's goals for this process. The Commission's Decision excluded TerreStar Europe on a technicality at a preliminary stage of the selection procedure. The action argues that the Commission misread TerreStar Europe's submission, finding an inconsistency where none existed. In addition, the Commission failed to investigate the supposed inconsistency -- and notably failed to review the clarifications voluntarily submitted by TerreStar Europe, which fully explained the issue.

TerreStar Europe asked the Court to rule on this case quickly and to suspend the Decision until the Court issues its ruling. TerreStar Europe believes that it serves no one's interest for the resolution of the selection and authorization of S-Band MSS systems to be unduly delayed.

About TerreStar Europe Limited:

TerreStar Europe Limited, an indirect, majority-owned subsidiary of TerreStar Corporation (Nasdaq: TSTR), plans to develop the first next-generation mobile satellite integrated with terrestrial communications networks that will provide universal access and tailored applications throughout Europe over conventionally-sized wireless devices.

About TerreStar Corporation:

TerreStar Corporation is the controlling shareholder of TerreStar Networks Inc. and TerreStar Global Ltd. For additional information on TerreStar Corporation, please visit the company's website at www.terrestarcorp.com.

Statement under the Private Securities Litigation Reform Act:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the strategy of TerreStar Corporation, its plans, and the transactions described in this press release. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, proposed, potential and similar words and terms in connection with future results. We assume no obligation to update or supplement such forward-looking statements.

For enquiries: TerreStar Europe Limited +44-845-226-4348 info@terrestar.eu

TerreStar Europe Limited

TerreStar Europe Limited, +44-845-226-4348, info@terrestar.eu

S7 Airlines Opts in Favour of Wirecard

MUNICH, Germany, May 25 /PRNewswire/ -- With immediate effect, the Russian S7 Airlines will make use of payment services provided by Wirecard AG in connection with credit card acceptance via Wirecard Bank AG.

S7 Airlines is the largest air freight operator on Russian domestic flight schedules and is among the TOP-50 of the global airfreight enterprises. In addition to its domestic flight schedule, S7's program extends to include line flights to 20 countries across the globe, including Europe in particular and the countries of the Asian-Pacific region.

Maxim Polukhin, Sales Director at S7 Airlines says: "Wirecard has created a payment solution that is individually customized to our particular needs".

"After establishing a presence in Europe, the Middle East and Asia, we have now also managed to gain a foothold in Russia and Eastern Europe", says Joerg Moeller, VP Travel & Transport at Wirecard AG. "The fact that S7 Airlines already is the third Russian airline we have acquired as a customer bears testimony to the international capabilities of our platform."

In the wake of its global market penetration, today Wirecard AG can make far-reaching risk management systems and highly specialized modules available for fraud detection. In this way, customers stand to benefit from the experience gained by the Wirecard Group and intensify their international expansion plans.

About Wirecard AG:

Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, Wirecard supports over 10,000 companies from many and various industry segments in automating their payment processes and minimizing cases of default. Wirecard Bank AG provides account and credit card services both for business and private customers and is a Principal Member of VISA, MasterCard and JCB. The Internet payment service Wirecard enables consumers to make secure payments at millions of MasterCard acceptance outlets worldwide. In addition, registered users can send or receive money orders to each other on a real-time basis. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).

The range on offer from technology services provider Wirecard comprises individually tailored, industry- and customer-specific payment and risk management systems, ranging from special BSP solutions for airlines and PoS terminal solutions in the stationary segment straight through to risk management solutions for tele-shopping and Internet trading. The services of Wirecard Bank AG complement and extend the array of products and services for business customers to include credit card acceptance agreements, banking services and innovative prepaid card products.

http://www.wirecard.com

http://www.wirecardbank.de

http://www.mywirecard.com

About S7 Airlines:

S7 Airlines (http://www.s7.ru) is the Russian leader in domestic flights and in this segment rates in the world TOP-50 air carriers. In 2007 the company received IATA official notice of entry to the Operators registry IOSA (IATA Operational Safety Audit) and became the second in Russia air carrier, having successfully completed the international audit process in compliance with the set operational safety standards.

S7 Airlines is one of the most stable airlines in Russia, making use of the world industry latest achievements in passenger service and actively working to improve its service. S7 Airlines is the winner of the annual national award <> in 2007. In 2008 S7 Airlines services were used by 5.9 million passengers. The aircrafts of S7 Airlines have more than 120 scheduled line flights per day, including 50 flights from Moscow

Wirecard Media Contact: Wirecard AG Iris Stöckl Bretonischer Ring 4 D-85630 Grasbrunn / Munich Germany Ph: +49(0)89-4424-0424 Fax: +49(0)89-4424-0524 e-mail: iris.stoeckl@wirecard.com Internet: http://www.wirecard.com

Wirecard AG

Wirecard Media Contact: Wirecard AG, Iris Stöckl, Bretonischer Ring 4, D-85630 Grasbrunn / Munich, Germany, Ph: +49(0)89-4424-0424, Fax: +49(0)89-4424-0524, e-mail: iris.stoeckl@wirecard.com

Corning Cable Systems to Highlight Leadership in LAN and Data Centre Applications at 2009 DatacenterDynamics in Paris

BERLIN, May 25 /PRNewswire/ -- Corning Cable Systems GmbH & Co KG, part of Corning Incorporated's (NYSE:GLW) Telecommunications segment, will demonstrate its leadership and innovation in local area network (LAN) and data centre solutions at the 2009 DatacenterDynamics Conference, May 27, in Paris.

Corning Cable Systems will showcase its Plug & Play(TM) Universal Systems, a preterminated optical fibre cabling system that streamlines the process of deploying an optical network infrastructure in the data centre environment. Corning Cable Systems Plug & Play Universal Systems are 100G ready and capable of reliably supporting transmission speeds up to 100G with laser-optimized 50 microm multimode fibre (OM3).

The exhibit will also feature Corning Cable Systems Pretium(R) Low-loss OM3 Jumpers with ultra-bendable performance. Enabled by Corning(R) ClearCurve(R) OM3 multimode fibre, the jumpers greatly reduce outages and degradation in systems caused by severe bending problems. As network transmission speeds increase, available margins tighten and become more sensitive to loss associated with a number of factors including bends. Attenuation loss impacts associated with inadvertent macro-bending events may be reduced by more than 50 percent when using Pretium Low-loss OM3 Jumpers with ultra-bendable performance in place of traditional 50 microm jumpers.

The exhibit will also contain:

The FutureCom(TM) EA system and S500 Module which provides a universal generic cabling solution for the use of Ethernet, VoIP, telephone, TV and other services, and is specially designed to support 10 Gigabit Ethernet over 100 meters. FutureCom EA offers high network performance and security with alien cross talk protection that is compliant with the Cat. 6A requirements. It also supports Power over Ethernet and Power over Ethernet Plus.

UniCam(R) Pretium-Performance Connectors, which offer an industry-leading optical performance in a fast, easy field-termination solution.

In addition to the exhibit, Corning's Nicolas Zerbib, country manager France, will present "Cabling Systems for the Next Generation" on Wednesday, May 27, at 12:40 p.m. in Hall 4 of the Palais des Congres. This presentation will discuss the data centre roadmap to 40/100 Gigabit transmission speeds.

For additional information on Corning Cable Systems products and services, contact a customer service representative toll-free at 00-800-2676-4641 or 00 800 CORNING1, or directly at +49-30-5303-2214 or visit the Web site at http://www.corning.com/cablesystems.

About Corning Incorporated

Corning Incorporated (http://www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 150 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fibre, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defence, astronomy and metrology.

Corning Cable Systems Contact: Guillermo Idanez +49-30-5303-2362 guillermo.idanez@corning.com Corning Communications Contact: Lisa A. Burns +1-607-974-4897 burnsla@corning.com

Corning Incorporated

Corning Cable Systems Contact: Guillermo Idanez, +49-30-5303-2362, guillermo.idanez@corning.com; Corning Communications Contact: Lisa A. Burns, +1-607-974-4897, burnsla@corning.com

Corning Cable Systems to Highlight Leadership in LAN and Data Centre Applications at 2009 DatacenterDynamics in Paris

BERLIN, May 25 /PRNewswire-FirstCall/ -- Corning Cable Systems GmbH & Co KG, part of Corning Incorporated's Telecommunications segment, will demonstrate its leadership and innovation in local area network (LAN) and data centre solutions at the 2009 DatacenterDynamics Conference, May 27, in Paris.

Corning Cable Systems will showcase its Plug & Play(TM) Universal Systems, a preterminated optical fibre cabling system that streamlines the process of deploying an optical network infrastructure in the data centre environment. Corning Cable Systems Plug & Play Universal Systems are 100G ready and capable of reliably supporting transmission speeds up to 100G with laser-optimized 50 microm multimode fibre (OM3).

The exhibit will also feature Corning Cable Systems Pretium(R) Low-loss OM3 Jumpers with ultra-bendable performance. Enabled by Corning(R) ClearCurve(R) OM3 multimode fibre, the jumpers greatly reduce outages and degradation in systems caused by severe bending problems. As network transmission speeds increase, available margins tighten and become more sensitive to loss associated with a number of factors including bends. Attenuation loss impacts associated with inadvertent macro-bending events may be reduced by more than 50 percent when using Pretium Low-loss OM3 Jumpers with ultra-bendable performance in place of traditional 50 microm jumpers.

The exhibit will also contain:

The FutureCom(TM) EA system and S500 Module which provides a universal generic cabling solution for the use of Ethernet, VoIP, telephone, TV and other services, and is specially designed to support 10 Gigabit Ethernet over 100 meters. FutureCom EA offers high network performance and security with alien cross talk protection that is compliant with the Cat. 6A requirements. It also supports Power over Ethernet and Power over Ethernet Plus.

UniCam(R) Pretium-Performance Connectors, which offer an industry-leading optical performance in a fast, easy field-termination solution.

In addition to the exhibit, Corning's Nicolas Zerbib, country manager France, will present "Cabling Systems for the Next Generation" on Wednesday, May 27, at 12:40 p.m. in Hall 4 of the Palais des Congres. This presentation will discuss the data centre roadmap to 40/100 Gigabit transmission speeds.

For additional information on Corning Cable Systems products and services, contact a customer service representative toll-free at 00-800-2676-4641 or 00 800 CORNING1, or directly at +49-30-5303-2214 or visit the Web site at http://www.corning.com/cablesystems.

About Corning Incorporated

Corning Incorporated (http://www.corning.com/) is the world leader in specialty glass and ceramics. Drawing on more than 150 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fibre, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defence, astronomy and metrology.

Corning Cable Systems Contact: Guillermo Idanez +49-30-5303-2362 guillermo.idanez@corning.com Corning Communications Contact: Lisa A. Burns +1-607-974-4897 burnsla@corning.com

Corning Incorporated

CONTACT: Corning Cable Systems Contact: Guillermo Idanez,
+49-30-5303-2362, guillermo.idanez@corning.com; Corning Communications
Contact: Lisa A. Burns, +1-607-974-4897, burnsla@corning.com

Corning Cable Systems confirme son leadership dans les applications LAN et de centres de données lors du forum DatacenterDynamics 2009 organisé à Paris

BERLIN, Allemagne, May 25 /PRNewswire/ -- Corning Cable Systems GmbH & Co KG, qui fait partie de la division Télécommunications de Corning Incorporated (NYSE:GLW), démontrera sa position de leader et sa capacité d'innovation dans les solutions de réseau local (LAN) et de centres de données lors de la conférence DatacenterDynamics qui se tiendra le 27 mai à Paris.

Corning Cable Systems présentera ses systèmes universels Plug & Play(TM), système de câblage à fibre optique pré-connectorisé qui rationalise le processus de déploiement d'une infrastructure de réseaux optiques dans l'environnement des centres de données. Les systèmes universels Plug & Play de Corning Cable Systems sont compatibles Ethernet 100G et peuvent prendre en charge de manière fiable des vitesses de transmission allant jusqu'à 100G sur fibre multimode (OM3) 50 microm optimisée pour le laser.

Corning Cable Systems présentera aussi lors de cette exposition cordons Low-loss OM3 Pretium(R) à rayon de courbure optimisé. Grâce à la fibre multimode OM3 Corning(R) ClearCurve(R), ces produits réduisent nettement les pannes et les dégradations dans les systèmes, provoquées la manipulation de la fibre.

Au fur et à mesure que les vitesses de transmission augmentent, les marges disponibles se restreignent et les installations deviennent plus sensibles aux pertes associées à un certain nombre de facteurs, dont la courbure des fibres. Il est possible de réduire de plus de 50 % les impacts de l'atténuation associée à des macrocourbures accidentelles si l'on utilise les cordons Pretium Low-loss OM3 insensibles à la courbure à la place de cordons traditionnels de 50 microm.

Les autres produits phares qui seront également présentés lors de cette exposition:

- Le module cuivre S500 du système normalisé EA FutureCom(TM) propose une solution de câblage générique universelle destinée à l'utilisation d'Ethernet, de la VoIP, du téléphone, de la télévision et d'autres services et est spécialement conçu pour supporter des applications Ethernet de 10 Gbit/s sur une distance de 100 mètres. Cette prise RJ45 offre une haute performance réseau et une grande sécurité avec une protection contre la diaphonie exogène conforme aux exigences de la norme Cat. 6A. Ce système supporte aussi les applications par câble << Power over Ethernet >> et << Power over Ethernet Plus >>. - Les connecteurs optiques de performance UniCam(R) Pretium offrent une performance optique parmi les meilleures du secteur et offrent une solution à terminaison terrain rapide et facile.

En plus de l'exposition, Nicolas Zerbib, country manager France de Corning, présentera les << Systèmes de câblage de prochaine génération >> le mercredi 27 mai à 12h40 au hall 4 du Palais des Congrès. Au cours de cette présentation, il débattra de la feuille de route des centres de données à des vitesses de transmission de 40/100 gigabits.

(à suivre)

Pour en savoir plus sur les produits et services de Corning Cable Systems, prenez contact avec un représentant du service clients (numéro vert) au 00-800-2676-4641 ou 00 800 CORNING1, ou directement au +49-30-5303-2214 ou visitez le site Web : http://www.corning.com/cablesystems.

À propos de Corning Incorporated Corning Incorporated (http://www.corning.com) est le leader mondial des verres spéciaux et céramiques techniques. Forte de plus de 150 ans de connaissances acquises dans la science des matériaux et l'ingénierie des procédés, la société Corning conçoit et fabrique les composants essentiels destinés aux systèmes de haute technologie des secteurs de l'électronique grand public, de la maîtrise des émissions polluantes des véhicules à moteur, des télécommunications et des sciences de la vie. Nos produits comprennent des substrats de verre pour les téléviseurs LCD, les écrans d'ordinateur et les ordinateurs portables ; des substrats en céramique et des filtres pour les systèmes de maîtrise des émissions polluantes des véhicules à moteur ; la fibre optique, les câbles, le matériel et les équipements des réseaux de télécommunications ; des biocapteurs optiques pour l'élaboration des médicaments ; ainsi que d'autres solutions avancées dans le domaine de l'optique et des verres spéciaux pour un certain nombre de secteurs, notamment les semi-conducteurs, l'aéronautique, la défense, l'astronomie et la métrologie.

Contact Corning Cable Systems: Guillermo Idáñez +49-30-5303-2362 guillermo.idanez@corning.com Contact Corning Communications: Lisa A. Burns +1-607-974-4897 burnsla@corning.com

Corning Incorporated

Contact Corning Cable Systems: Guillermo Idáñez, +49-30-5303-2362, guillermo.idanez@corning.com; Contact Corning Communications: Lisa A. Burns, +1-607-974-4897, burnsla@corning.com

VASCO Launches DIGIPASS for Mobile Enterprise Security EditionSwifter deployments thanks to VASCO's Application Provisioning Service

OAKBROOK TERRACE, Ill. and ZURICH, May 25 /PRNewswire-FirstCall/ -- VASCO Data Security International, Inc. (http://www.vasco.com/), a leading software security company specializing in authentication, launches DIGIPASS(R) for Mobile Enterprise Security Edition. The new Enterprise Security version of DIGIPASS for Mobile brings banking level security to corporate environments. Deployment and management have been simplified for use in corporate environments, thanks to the application provisioning service. This service powered by VASCO allows enterprise customers to efficiently deploy two-factor authentication using the mobile phone as authentication device without impacting the existing infrastructure.

Over the years VASCO has built an extensive experience in large-scale deployments of authentication to end-users. Ease-of-use and smooth provisioning are key components in large deployments. This experience is translated in DIGIPASS for Mobile Enterprise Security Edition: on the one hand the mobile phone, which is already largely accepted by many users worldwide is leveraged as an authentication device, on the other hand provisioning is very straightforward thanks to the application provisioning service.

IT departments will integrate VASCO server technology (VACMAN(R) Controller, VACMAN(R) Middleware IDENTIKEY(R) or aXsGUARD(TM)) and will assign for which applications (VPN, application security, webmail access...) DIGIPASS for Mobile will be used. For the roll-out of DIGIPASS for Mobile Enterprise Security Edition, the end-user will connect to the VASCO application provisioning service and enter his mobile number. He will receive an SMS from the VASCO server allowing him to download the application on his phone. This process is secure (fully-encrypted) and takes less than 2 minutes. Once the authentication application is downloaded, the user will request activation information from his IT department.

DIGIPASS for Mobile Enterprise Security Edition provide time based authentication. VASCO was the first to offer automatic time management for mobile authentication. With this new version VASCO also offers a synchronization service alongside the download service. DIGIPASS for Mobile Enterprise Security Edition automatically synchronizes with the time server, which makes it much more secure than an event-based authentication. In order to facilitate authentication for frequent travelers DIGIPASS for Mobile also offers daylight saving time changes and automatic synchronization.

DIGIPASS for Mobile Enterprise Security Edition relies on VASCO's proven VACMAN technology; it can be used in combination with other DIGIPASS solutions and supports more than 400 different types of mobile devices.

"More and more companies are subject to data theft attacks and therefore are increasingly looking for user-friendly and easy to deploy security solutions. Next to that almost every has a mobile phone in their pockets. With DIGIPASS for Mobile Enterprise Security Edition, the mobile phone can easily and securely be leveraged for two-factor authentication in corporate environments," says Jan Valcke, President and COO at VASCO Data Security.

About VASCO

VASCO is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions. VASCO has positioned itself as global software company for Internet Security serving a customer base of approximately 8,500 companies in more than 100 countries, including more than 1,250 international financial institutions. VASCO's prime markets are the financial sector, enterprise security, e-commerce and e-government.

Forward Looking Statements

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

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

This document may contain trademarks of VASCO Data Security International, Inc. and its subsidiaries, which include VASCO, the VASCO "V" design, DIGIPASS, VACMAN, aXs GUARD and IDENTIKEY.

For more information contact:

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

VASCO Data Security International, Inc.

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

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

VimpelCom to Release First Quarter 2009 Financial and Operating Results on Thursday, May 28, 2009

MOSCOW and NEW YORK, May 25 /PRNewswire-FirstCall/ -- Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") the leading provider of telecommunications services in Russia and the Commonwealth of Independent States (CIS) today announced that it will webcast its conference call on its first quarter 2009 financial and operating results on Thursday, May 28, 2009, at 6:30 p.m. Moscow time (10:30 a.m. U.S. ET).

The conference call will be hosted by Boris Nemsic, Chief Executive Officer, and Alexander Torbakhov, General Director. They will be joined by Elena Shmatova, Chief Financial Officer, Kent McNeley, Chief Marketing Officer, Andrey Patoka, Head of B2B Business Unit and Dmitry Pleskonos, Head of CIS Business Development.

The press release announcing the Company's first quarter 2009 financial and operating results will be available on the Company's web site, located at http://www.vimpelcom.com/, prior to the conference call.

The call and slide presentation may be accessed via webcast at http://www.vimpelcom.com/.

US call-in number: + 1 888-239-5359 International call-in number: + 1 913-312-1440

The conference call replay and the slide presentation webcast will be available through June 04, 2009 and June 28, 2009, respectively. The slide presentation will also be available for download on the Company's website.

US Replay Number: 1 888 204 6674 Confirmation Code: 6737504 International Replay Number: 1 913 312 1382 Confirmation Code: 6737504

The VimpelCom Group consists of telecommunications operators providing voice and data services through a range of mobile, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia, as well as in Vietnam and Cambodia. The VimpelCom Group has licenses to operate in territories with a total population of about 340 million. The Group companies provide services under the "Beeline" brand. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADRs are listed on the NYSE under the symbol "VIP".

Vimpel-Communications

CONTACT: Alexey Subbotin, VimpelCom, 7 495 974-5888,
Investor_Relations@vimpelcom.com, or Mateo Millett, FD, +1-617-897-1533,
mateo.millett@fdashtonpartners.com

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

Shanda Announces Plan for Confidential Submission of Draft Registration Statement for IPO of Shanda Games Limited

SHANGHAI, May 25 /PRNewswire-Asia/ -- Shanda Interactive Entertainment Limited ("Shanda" or the "Company"), a leading interactive entertainment media company in China, announced today that it plans to submit a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (the "SEC") for a possible initial public offering (the "Proposed IPO") of Shanda Games Limited ("Shanda Games"), a Cayman Islands company which is currently wholly owned by the Company and operates the Company's online games business.

The purposes of the Proposed IPO, if commenced and completed, are, among others, to further Shanda's development as an interactive entertainment media company and to provide Shanda Games with a sharper focus and greater flexibility to pursue strategic opportunities in enhancing its leadership position in the online games sector. Shanda expects to remain Shanda Games' majority shareholder after the completion of the Proposed IPO.

The Proposed IPO is expected to commence as capital markets conditions permit and is subject to Shanda Games' filing with the SEC a registration statement on Form F-1 in compliance with the U.S. Securities Act of 1933, as amended (the "Securities Act"), and the SEC declaring such registration statement effective. The number of shares proposed to be offered and sold and the dollar amount proposed to be raised in the Proposed IPO have not yet been determined.

This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act. As required by Rule 135, this announcement is not intended to, and does not, constitute an offer of any securities for sale.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements in this announcement that are not historical facts, including but not limited to the statements regarding the purposes of the Proposed IPO and Shanda Games' ability to commence and complete the Proposed IPO, represent only the current expectations, assumptions, estimates and projections of the Company and Shanda Games and are forward-looking statements. These forward-looking statements involve various risks and uncertainties. Important risks and uncertainties that could cause the actual results to be materially different from expectations include but are not limited to, capital markets conditions, Shanda Games' ability to commence and complete in Proposed IPO, the prolonged negative impact of the current global financial and credit markets crisis on the Chinese economy, the clearance by the relevant regulators of the regulatory filings of Shanda Games relating to the Proposed IPO and the other risks set forth in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Shanda Interactive Entertainment Limited

Shanda Interactive Entertainment Limited (NasdaqGS: SNDA) is a leading interactive entertainment media company in China. Shanda offers a portfolio of diversified entertainment content including some of the most popular massively multi-player online role-playing games (MMORPGs) and advanced casual online games in China, as well as online chess and board games, e-sports game platform and a variety of cartoons, literature works and music. Shanda's interactive entertainment platform attracts a large and loyal user base, of which more and more is coming from homes. Each user can interact with thousands of other users and enjoy the interactive entertainment content that Shanda provides. Interaction enriches your life. For more information about Shanda, please visit http://www.snda.com/ .

For more information, please contact: Shanda Interactive Entertainment Ltd. Maggie Yun Zhou, IR manager Vivian Chen, IR manager Tel: +86-21-5050-4740 (Shanghai) Email: IR@snda.com

Shanda Interactive Entertainment Limited

CONTACT: Maggie Yun Zhou, IR manager and Vivian Chen, IR manager, Shanda
Interactive Entertainment Ltd. at +86-21-5050-4740 (Shanghai) or IR@snda.com

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

Garmin Selects MediaTek GPS Chipsets for Outdoor Navigation Devices

HSIN-CHU, Taiwan, May 24 /PRNewswire-Asia/ -- MediaTek, Inc., the leading fabless semiconductor company for wireless communications and digital multimedia solutions, today announced MT3329, its advanced single-chip all-in- one GPS solution. This product in mass production has also been integrated by a wide range of Garmin outdoor navigators, the Garmin GPSMAP 60 series. The adoption of MT3329 by Garmin, a world leader in portable navigation, shows MediaTek's ability to deliver superior tracking sensitivity with least power consumption which is vital for Portable Navigation Devices.

The MediaTek MT3329 single-chip baseband features -165dBm ultra-high sensitivity with least power consumption of competitive solutions, also the fastest acquisition on the market, designed for mobile navigation devices where rapid time-to-first-fix (TTFF) and superior navigation performance are required. Besides, the MediaTek MT3329 enables the most precise positioning even under slow movements like hiking or mountain climbing, which is ideal for Garmin's outdoor navigators.

In addition, the MT3329 and its associated software set new standards in performance and power consumption in an extremely small footprint, which brings the industry-leading MT3329 GPS performance to the price-conscious and space-constrained mobile devices such as PNDs, outdoor fitness device and cell phones.

"By enabling the best navigation performance in the most economical way, the MediaTek MT3329 allows manufacturers to add GPS functionality to the components and circuit board area of their products at minimal cost," said Shou-Ren Tsai, General Manager of MediaTek's Wireless Connectivity Business Unit. "MediaTek has now established itself as a technology leader in the GPS chip market with a solution that provides the industry's best tracking sensitivity, lowest average power and most complete portfolio of software, complemented by the company's unique ability to integrate its GPS technology into other mobile chipsets and processors."

GPS technologies have become increasingly important with growing consumer interest in personal navigation devices (PNDs) and a strong desire of cellular service operators to add location-based services to their offerings. As GPS chip solutions become more integrated, and as costs decline, the technology will expand into a whole new range of applications. Working hand-in-hand with MediaTek, customers are able to take full advantage of the MT3329 solutions. By providing real-time technical support along with the chipsets, MediaTek is able to offer customers a one-stop-shop for all of their positioning technology needs.

About MediaTek Inc.

MediaTek Inc. is a leading fabless semiconductor company for wireless communications and digital multimedia solutions. The company is a market leader and pioneer in cutting-edge SOC system solutions for wireless communications, high-definition TV, optical storage, and DVD and Blu-ray products. Founded in 1997 and listed on Taiwan Stock Exchange under the code "2454", MediaTek is headquartered in Taiwan and has sales and research subsidiaries in Mainland China, Singapore, India, U.S., Japan, Korea, Ireland, Denmark and England. For more information, please visit MediaTek's website at http://www.mediatek.com/ .

Contact: Sharon Lo Tel: +886-3-567-0766 # 21435 Email: sharon.lo@mediatek.com

MediaTek Inc.

CONTACT: Sharon Lo, +886-3-567-0766 ext. 21435, sharon.lo@mediatek.com

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

page 1    

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