Companies news of 2007-11-01 (page 1)

  • LivePerson Reports Third Quarter Revenue Increase of 44% to $12.8 Million- Net Income...
  • Time Warner Telecom Receives 9 Awards for Excellence as an Industry Leading Metro Carrier-...
  • PlanetOut Reports Third-Quarter 2007 ResultsCompany Continues to Execute on Restructured...
  • Protection One to Conduct Third Quarter 2007 Results Conference Call
  • The Advisory Board Company Reports Fiscal Year 2008 Second Quarter ResultsCompany Reports...
  • DATATRAK International Management To Host Conference Call on November 8, 2007 To Discuss...
  • Agency.com Chicago Gains Top ManagementAgency.com Chicago Welcomes New VP Executive...
  • Sinclair Closes on Sale of WGGB-TV in Springfield-Holyoke, MA
  • On2 Technologies Completes Business Combination with Hantro Products
  • Vital Images to Present at the CIBC World Markets 18th Annual Healthcare Conference on...
  • Anaren Reports 1st Quarter Results
  • eResearchTechnology Reports Third Quarter 2007 ResultsNet Income Increasing by 50% with...
  • Honeywell to Present at Goldman Sachs Global Industrials Conference 2007
  • CyberSource Announces Completion of Authorize.Net AcquisitionConference call to discuss Q4...
  • Harris Corporation First Quarter Revenue Increases 30%; Revenue Growth Posted by All Four...
  • Oracle Recognized as a Leader in Enterprise Application Software Licensing and Pricing by...
  • MyStarU Limited Announces Theatrical Screening of Award-Winning Movie: THE PYE-DOG
  • ACS Motion Control Ltd. Reports Third Quarter Results
  • BMW Sauber F1 Team Races to the Front After Increased Emphasis on CFDFLUENT CFD Software...
  • Alabama Department of Education Receives $79,000 to Provide Innovative, Free Online...
  • BMW Sauber F1 Team Races to the Front After Increased Emphasis on CFD
  • e-Future Appoints New Board and Audit Committee Member
  • Verizon Wireless Launches the First CDMA-Enabled BlackBerry PearlThe BlackBerry Pearl 8130...
  • Magic Software Enterprises to Report Third Quarter of 2007 ResultsConference Call...
  • Shell Provides Consumers Gasoline Industry's First Pay By Touch Technology at the...
  • Rogers Communications Declares Quarterly Dividend
  • Portico(TM) Systems Charts Another Period of Rapid GrowthMajor Customers Accelerate...
  • Verizon Wireless Introduces New Nationwide E-Mail and Web Plans for BlackBerry
  • ANADIGICS Announces November Conference ScheduleAEA Classic ConferenceStephens Fall...



    LivePerson Reports Third Quarter Revenue Increase of 44% to $12.8 Million- Net Income Increases by $1.3 million to $1.6 million- EBITDA increases by $1.4 million to $2.7 million

    NEW YORK, Nov. 1 /PRNewswire-FirstCall/ -- LivePerson, Inc. , a provider of online engagement solutions that facilitate real-time assistance and trusted expert advice, today announced financial results for the third quarter ended September 30, 2007.

    Revenue for the third quarter was $12.8 million, a 44% increase from the third quarter of 2006, and a 10% sequential increase versus the second quarter of 2007. Sequential revenue growth was due primarily to strong and balanced growth between new customers and existing customer expansion.

    "LivePerson delivered strong revenue growth in the third quarter driven by successful execution across the company and the market's increasing demand for online customer engagement tools," said Robert LoCascio, CEO of LivePerson. "We're generating significant ROI for our customers, and they're acknowledging our value through incremental investments."

    LivePerson signed several new blue-chip clients during the quarter including Capital One, Cisco, AT&T, Samsung and Getty Images, as well as a:

    -- Leading French provider of consumer credit -- Leading national furniture retailer -- Prominent social networking site -- Leading Internet-based personal publishing service The company expanded business with several existing customers including: -- Bell, Canada's largest communications provider -- One of the world's largest financial institutions -- A leading Global Financial Services firm -- A leading Global provider of IT Hardware, Software & Services -- The leading telecommunications provider in the UK

    Net income for the third quarter of 2007 was $1.6 million or $0.03 per share as compared to net income of $0.3 million or $0.01 per share in the third quarter of 2006, and net income of $0.9 million or $0.02 per share in the second quarter of 2007.

    The Company's effective tax rate in the third quarter was zero resulting from a partial release of the company's valuation allowance against deferred tax assets based on current estimates of future taxable income.

    Earnings before interest, taxes, depreciation, amortization and stock- based compensation (EBITDA) for the third quarter of 2007 was $2.7 million as compared to $1.3 million in the third quarter of 2006 and $2.2 million in the second quarter of 2007.

    The difference between EBITDA per share, a non-GAAP measure, and GAAP EPS, is interest, taxes, depreciation, amortization and stock-based compensation. A reconciliation of the differences between EBITDA and the most comparable financial measure calculated and presented in accordance with generally accepted accounting principles (GAAP) is located under the heading "Reconciliation of Non-GAAP Financial Information to GAAP" immediately following the Condensed Consolidated Statements of Income included in this press release.

    LivePerson considers EBITDA and cash from operations to be important financial indicators of the company's operational strength and the performance of its business. EBITDA should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. The non-GAAP measures included in this press release have been reconciled to the nearest GAAP measure in the table below.

    The company's cash balance increased by $3.6 million or 14% to $30.2 million at September 30, 2007 as compared to June 30, 2007. Subsequent to the end of the third quarter and pursuant to the previously announced agreement to purchase the outstanding stock of Kasamba, Inc., the company paid $9 million in cash and issued approximately 4.1 million common shares to Kasamba stockholders, and assumed approximately 624,000 options to purchase common stock.

    Financial Expectations

    The company currently expects the following financial results, including impact from the operations of Kasamba, Inc., which was acquired by LivePerson effective October 3, 2007:

    -- Revenue of $16.8 - $17.0 million for the fourth quarter of 2007, or approximately 32% quarterly sequential revenue growth -- EBITDA of $0.05-$0.06 per share and GAAP EPS of $0.01-$0.02 for the fourth quarter of 2007 -- Revenue of $52.2 - $52.5 million for the full year 2007 -- EBITDA of $0.20 - $0.21 per share and GAAP EPS of $0.09 - $0.10 for the full year 2007 -- An effective tax rate of 0% for the full year 2007

    Excluding Kasamba's impact of approximately $3 million quarterly revenue, quarterly sequential revenue growth is expected to be approximately 8-9% in the fourth quarter of 2007.

    The GAAP EPS expectations already include the estimated impact of a change in accounting policy related to adopting SFAS 123(R) as of January 1, 2006. The impact is expected to decrease net income per share by $0.02 and $0.08, for the fourth quarter and the full year 2007, respectively. This impact may change based upon additional stock option grants, if any, methodology refinement or other factors, and includes the impact of approximately 624,000 options assumed in connection with the acquisition of Kasamba.

    LivePerson, Inc. Condensed Consolidated Statements of Income (In Thousands, Except Share and Per Share Data) Unaudited Three Months Ended Nine Months Ended September 30, September 30, 2007 2006 2007 2006 Total revenue $12,823 $8,881 $35,453 $23,174 Operating expenses: Cost of revenue 3,305 2,142 9,199 5,246 Product development 2,169 1,381 6,033 3,280 Sales and marketing 3,556 3,104 10,470 8,605 General and administrative 2,274 1,750 6,353 4,689 Amortization of other intangibles 242 447 725 911 Total operating expenses 11,546 8,824 32,780 22,731 Income from operations 1,277 57 2,673 443 Other income, net 309 200 744 514 Net income $1,586 $257 $3,417 $957 Basic net income per common share $0.04 $0.01 $0.08 $0.02 Diluted net income per common share $0.03 $0.01 $0.07 $0.02 Weighted average shares outstanding used in basic net income per common share calculation 43,080,475 40,547,309 42,469,631 39,242,174 Weighted average shares outstanding used in diluted net income per common share calculation 46,328,876 43,854,202 45,942,436 42,981,377 LivePerson, Inc. Reconciliation of Non-GAAP Financial Information to GAAP (In Thousands, Except Share and Per Share Data) Unaudited Unaudited Supplemental Data

    The following information is not a financial measure under generally accepted accounting principles (GAAP). In addition, it should not be construed as an alternative to any other measures of performance determined in accordance with GAAP, or as an indicator of our operating performance, liquidity or cash flows generated by operating, investing and financing activities as there may be significant factors or trends that it fails to address. We present this financial information because we believe that it is helpful to some investors as one measure of our operations. We caution investors that non-GAAP financial information, by its nature, departs from traditional accounting conventions; accordingly, its use can make it difficult to compare our results with our results from other reporting periods and with the results of other companies.

    Three Months Ended Nine Months Ended September 30, September 30, 2007 2006 2007 2006 Net income in accordance with generally accepted accounting principles $1,586 $257 $3,417 $957 Add/(less): (a) Amortization of intangibles 329 447 979 911 (b) Stock-based compensation 930 557 2,642 1,580 (c) Depreciation/Loss on disposal of fixed assets 146 259 584 451 (d) Interest income, net (309) (200) (744) (514) EBITDA (1) $2,682 $1,320 $6,878 $3,385 Diluted EBITDA per common share $0.06 $0.03 $0.15 $0.08 Weighted average shares used in diluted EBITDA per common share 46,328,876 43,854,202 45,942,436 42,981,377 EBITDA $2,682 $1,320 $6,878 $3,385 Add/(less): Changes in operating assets and liabilities 795 (1,151) 406 (1,711) Provision for doubtful accounts 54 30 74 30 Deferred income taxes (1,437) - (3,521) - Interest income, net 309 200 744 514 Net cash provided by operating activities $2,403 $399 $4,581 $2,218 (1) Earnings before interest, taxes, depreciation, amortization and stock-based compensation. LivePerson, Inc. Condensed Consolidated Balance Sheets (In Thousands) Unaudited September 30, 2007 December 31, 2006 ASSETS Current assets: Cash and cash equivalents $30,164 $21,729 Accounts receivable, net 5,790 4,269 Prepaid expenses and other current assets 1,290 1,317 Deferred tax assets, net 75 - Total current assets 37,319 27,315 Property and equipment, net 1,153 1,124 Prepaid acquisition costs 650 - Intangibles, net 1,662 2,640 Goodwill 18,653 9,673 Deferred tax assets, net 4,927 1,580 Security deposits 286 299 Other assets 860 684 Total assets $65,510 $43,315 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $926 $813 Accrued expenses 5,336 3,754 Deferred revenue 4,079 3,256 Deferred tax liabilities, net - 259 Total current liabilities 10,341 8,082 Other liabilities 860 684 Commitments and contingencies Total stockholders' equity 54,309 34,549 Total liabilities and stockholders' equity $65,510 $43,315 About LivePerson

    LivePerson is a provider of online engagement solutions that facilitate real-time assistance and trusted expert advice. Connecting businesses and experts with consumers seeking help on the Web, our hosted software platform creates more relevant, compelling and personalized online experiences. Every month, LivePerson's intelligent platform helps millions of people succeed online; more than 6,000 companies, including EarthLink, Hewlett-Packard, Microsoft, Qwest, and Verizon, rely on LivePerson to maximize the impact of the online channel. LivePerson is headquartered in New York City.

    EBITDA Financial Disclosure

    Investors are cautioned that the EBITDA, or earnings before interest, taxes, depreciation, amortization and stock-based compensation, information contained in this press release is not a financial measure under generally accepted accounting principles. In addition, it should not be construed as an alternative to any other measures of performance determined in accordance with generally accepted accounting principles, or as an indicator of our operating performance, liquidity or cash flows generated by operating, investing and financing activities, as there may be significant factors or trends that it fails to address. We present this financial information because we believe that it is helpful to some investors as one measure of our performance. We caution investors that non-GAAP financial information such as EBITDA, by its nature, departs from traditional accounting conventions; accordingly, its use can make it difficult to compare our current results with our results from other reporting periods and with the results of other companies.

    Safe Harbor Provision

    Statements in this press release regarding LivePerson that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. It is routine for our internal projections and expectations to change as the quarter progresses, and therefore it should be clearly understood that the internal projections and beliefs upon which we base our expectations may change prior to the end of the quarter. Although these expectations may change, we are under no obligation to inform you if they do. Our company policy is generally to provide our expectations only once per quarter, and not to update that information until the next quarter. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: risks related to the operational integration of acquisitions; risks related to our increased operations in the direct-to-consumer market; risks related to our international operations, particularly our operations in Israel, and the civil and political unrest in that region; our history of losses; potential fluctuations in our quarterly and annual results; impairments to goodwill that result in significant charges to earnings; responding to rapid technological change and changing client preferences; competition in the real-time sales, marketing, customer service and online engagement solutions market; continued use by our clients of the LivePerson services and their purchase of additional services; technology systems beyond our control and technology-related defects that could disrupt the LivePerson services; risks related to adverse business conditions experienced by our clients; our dependence on key employees; competition for qualified personnel; the impact of new accounting rules, including the requirement to expense stock options; the possible unavailability of financing as and if needed; risks related to protecting our intellectual property rights or potential infringement of the intellectual property rights of third parties; our dependence on the continued use of the Internet as a medium for commerce and the viability of the infrastructure of the Internet; and risks related to the regulation or possible misappropriation of personal information. This list is intended to identify only certain of the principal factors that could cause actual results to differ from those discussed in the forward-looking statements. Readers are referred to the reports and documents filed from time to time by us with the Securities and Exchange Commission for a discussion of these and other important risk factors that could cause actual results to differ from those discussed in forward-looking statements.

    LivePerson, Inc.

    CONTACT: Tim Bixby of LivePerson, Inc., +1-212-609-4200,
    bixby@liveperson.com; or Budd Zuckerman of Genesis Select Corp.,
    +1-303-415-0200, budd@genesisselect.com

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




    Time Warner Telecom Receives 9 Awards for Excellence as an Industry Leading Metro Carrier- Communications provider scored high in solutions and customer service categories

    LITTLETON, Colo., Nov. 1 /PRNewswire-FirstCall/ -- Time Warner Telecom Inc. , a leading provider of managed voice and data networking solutions for businesses, today announced it was awarded nine Retail Metro Carrier Excellence Awards from ATLANTIC-ACM, a leading telecommunications research consultancy. Awards were given based on feedback from business customers, who provided 3,000 individual carrier reviews as part of the 2007 Metro Carrier Report Card research.

    "We have seen continued positive growth in businesses perceptions of Time Warner Telecom's solutions and performance in the marketplace," said Dr. Judy Reed Smith, ATLANTIC-ACM CEO. "From year to year there is always flux in the market place, but we have seen that Time Warner Telecom continues to deliver the kind of communications solutions and service after the sale that customers regard as valuable."

    Customers rated Time Warner Telecom's services and products head and shoulders above the other CLECs, earning Time Warner Telecom the highest score in 9 out of 13 categories. The company received enterprise CLEC awards in the following categories: Enterprise Brand, Sales Reps, Provisioning, Network, Service Level Agreements (SLAs), Customer Service Integrated Access/PRI, Transport DSx-OCx, DIA, Metro Ethernet.

    The awards are based on the results of ATLANTIC-ACM's 2007 Metro Carrier Report Card, which evaluates the performance of metro carriers based on feedback from their business and wholesale customers. Customers rated carriers according to six service characteristics, including brand (reputation), sales representatives (knowledge, credibility, integrity, responsiveness, consultative ability and responsiveness), provisioning (installation and timeliness), network (reliability and SLAs), customer service (responsiveness, expertise, problem resolution, efficiency), billing (accuracy, dispute resolution, flexibility and timeliness).

    They also rated the quality and price/value of products, including local voice, integrated access, VoIP, local private line -- DS1/DS3, local private line -- OCn, IP VPN, IP/MPLS, DIA, Ethernet, SONET and metro wavelengths

    "We are honored to receive these awards primarily because they reflect the way our customers perceive us," said Graham Taylor, Senior Vice President Sales and Marketing for Time Warner Telecom. "Our goal is to work closely with our customers to deliver the right communications solutions for their business. From solutions such as Ethernet to optical circuits to personalized account representatives we value our customers and very much want to be a part of their success."

    About Time Warner Telecom

    Time Warner Telecom Inc., headquartered in Littleton, Colo., provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP and security, to enterprise organizations and communications services companies throughout the U.S. As a leading provider of integrated and converged network solutions, Time Warner Telecom delivers customers overall economic value, quality, service, and improved business productivity. Please visit http://www.twtelecom.com/ for more information.

    About ATLANTIC-ACM

    Boston-based ATLANTIC-ACM is a leading provider of strategic research and consulting services serving the telecommunications and information industries. In addition to producing the industry's principal benchmarking, sizing and opportunity studies, the company assists clients in evaluating telecommunications opportunities for successful investment, market entry, and long-term planning. For more information, visit ATLANTIC-ACM's website at http://www.atlantic-acm.com/.

    Time Warner Telecom

    CONTACT: Patrick Mulcahy of Time Warner Telecom, +1-303-566-1470,
    patrick.mulcahy@twtelecom.com

    Web site: http://www.twtelecom.com/
    http://www.atlantic-acm.com/




    PlanetOut Reports Third-Quarter 2007 ResultsCompany Continues to Execute on Restructured Business Plan

    SAN FRANCISCO, Nov. 1 /PRNewswire-FirstCall/ -- PlanetOut Inc. , the leading media and entertainment company exclusively focused on the gay and lesbian market, today reported its financial results for the third quarter ended September 30, 2007.

    "During the third quarter we continued to make significant progress in our efforts to solidify our balance sheet and position the company for future growth," said Karen Magee, chief executive officer, PlanetOut Inc. "During the quarter we closed our private placement financing for $26.2 million dollars with a group of new and existing institutional investors, and we took major actions to simplify and focus the company, and reduce expenses."

    "During this challenging time of rebuilding the company, we are making tough but necessary strategic decisions that we believe will result in stronger, more successful businesses going forward," Magee added.

    Sale of RSVP

    PlanetOut also announced that the closing of its planned sale of assets of RSVP Productions, Inc. to Atlantis Events, Inc. has not yet occurred, as a certain condition to closing that transaction has not yet been satisfied. "RSVP's operations continue to function as usual and we are working to ensure that the transaction closes as quickly as possible," said Magee.

    Third-Quarter Financial Results

    Revenue -- Total revenue for the third quarter of 2007 was $13.7 million, a decrease of two percent compared to $14.0 million for the same period one year ago.

    Advertising services revenue for the third quarter of 2007 was $7.3 million, up from $6.4 million for the third quarter of 2006.

    Subscription services revenue for the third quarter of 2007 was $5.4 million, down from $5.8 million for the third quarter of 2006.

    Transaction services revenue for the third quarter of 2007 was $1.0 million, down from $1.8 million for the same quarter a year ago.

    Adjusted EBITDA -- Adjusted EBITDA for the third quarter of 2007 was $(0.9) million, down from $1.4 million for the same quarter a year ago.

    Net Loss and Net Loss Per Share -- GAAP net loss for the third quarter of 2007 was $4.8 million, or a loss of $1.21 per basic and diluted share, compared with a GAAP net loss of $1.5 million for the same quarter a year ago, or a loss of $0.86 per basic and diluted share.

    For the third quarter of 2007, Adjusted Net Loss was $3.2 million, or a loss of $0.83 per basic and diluted share, down from Adjusted Net Income of $0.0 million for the third quarter of 2006, or $0.03 per basic and diluted share.

    Please refer to the "Note to Unaudited Condensed Consolidated Statements of Operations" for definitions of certain key financial measures used here and in the "Business Outlook" sections of this press release.

    Business Outlook

    The following statements are based upon management's current expectations. These statements are forward-looking, and actual results may differ materially. The company undertakes no obligation to update these statements.

    For full year 2007, including the year-to-date results of its discontinued operations, PlanetOut has reduced its previous guidance and expects total revenue to be between $69.0 million and $72.0 million and Adjusted EBITDA to be between $(9.0) million and $(11.0) million.

    Conference Call and Webcast Information

    The company will host a conference call and live webcast today at 5:30 p.m. Eastern Time (2:30 p.m. Pacific Time) to discuss results for the third quarter.

    Parties in the United States and Canada can dial 800-257-1836 to participate in the teleconference. International parties can access the call at 303-205-0033. Additionally, PlanetOut Inc. will offer a live webcast of the conference call, accessible from the "Investor Relations" section of the company's website (http://www.planetoutinc.com/). A telephonic replay is also available for two weeks after the live call at 800-405-2236 (international parties dial 303-590-3000). Pass code: 11099336#.

    Use of Non-GAAP Financial Measures

    This press release includes the non-GAAP financial measures of Adjusted EBITDA, Adjusted Net Income (Loss), and Adjusted earnings per share ("Adjusted EPS") -- Basic and Diluted, which are reconciled to net income (loss), net income (loss), and net income (loss) per share -- basic and diluted, respectively, which the company believes are the most comparable GAAP measures. The company uses these non-GAAP financial measures for internal managerial purposes, when providing its business outlook, and as a means to evaluate period-to-period comparisons. These non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP. These non-GAAP financial measures reflect an additional way of viewing aspects of the company's operations that, when viewed with its GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting the company's business. These non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, income (loss) from operations, cash flow from operating activities and net income (loss) and net income (loss) per share calculated in accordance with generally accepted accounting principles.

    Adjusted EBITDA is defined as net income (loss) before interest, taxes, depreciation and amortization, stock-based compensation, restructuring, non- cash impairment charges, executive transition, financial advisory fees, loss from discontinued operations and other expense, net. The company considers Adjusted EBITDA to be an important indicator of its operational strength. The company deducts other expense, net, consisting primarily of interest income (expense) from net income (loss) in calculating Adjusted EBITDA because it regards interest income (expense) to be a non-operating item. This measure also eliminates the effects of depreciation and amortization, restructuring, non-cash impairment charges, executive transition, financial advisory fees, loss from discontinued operations and stock-based compensation expense from period to period, which the company believes is useful to management and investors in evaluating its operating performance, as depreciation and amortization, restructuring, non-cash impairment charges, executive transition, financial advisory fees, loss from discontinued operations and stock-based compensation costs are not directly attributable to the underlying performance of the company's business operations. A limitation associated with this measure is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in the company's businesses. Management evaluates the costs of such tangible and intangible assets through other financial measures such as capital expenditures. A further limitation associated with this measure is that it does not include stock-based compensation expenses related to the company's workforce. Management compensates for this limitation by providing supplemental information about stock-based compensation expense on the face of the consolidated statements of operations.

    Adjusted Net Income (Loss) is defined as net income (loss) excluding loss from discontinued operations, stock-based compensation expense, restructuring, non-cash impairment charges, executive transition and financial advisory fees. The company considers Adjusted Net Income (Loss) to be a profitability measure which facilitates the forecasting of its operating results for future periods and allows for the comparison of its results to historical periods and to other companies in its industry. A limitation of Adjusted Net Income (Loss) is that it does not include all items that impact the company's net income (loss) and net income (loss) per share for the period. Adjusted EPS -- Basic and Diluted are defined as Adjusted Net Income (Loss) calculated on a basic and diluted per share basis, respectively.

    PlanetOut's management believes the non-GAAP information is useful because it can enhance the understanding of the company's ongoing economic performance and PlanetOut therefore uses non-GAAP information internally to evaluate and manage the company's operations. PlanetOut has chosen to provide this information to investors to enable them to perform comparisons of operating results in a manner similar to how the company analyzes its operating results.

    Forward-Looking Statements

    In addition to the historical information contained herein, this press release contains forward-looking statements, including statements regarding PlanetOut's anticipated future growth and financial performance, as well as statements containing the words "believes," "anticipates," "expects," and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the company's limited operating history and variability of operating results; competition; the company's ability to attract and retain subscribers and advertisers; timing of product launches; success of its marketing efforts; and the company's dependence on technology infrastructure and the Internet. Additional information concerning factors that could affect PlanetOut's future business and financial results is included in the company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2007, Annual Report on Form 10-K for the year ended December 31, 2006 and other public filings filed from time to time with the Securities and Exchange Commission (SEC), which are available at the SEC's website at http://www.sec.gov/. All such forward-looking statements are current only as of the date on which such statements were made. PlanetOut does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

    About PlanetOut Inc.

    PlanetOut Inc. is the leading global media and entertainment company exclusively serving the lesbian, gay, bisexual and transgender (LGBT) community.

    PlanetOut's digital media brands include Gay.com, PlanetOut.com, Advocate.com, Out.com, OutTraveler.com and HIVPlusMag.com. PlanetOut print media brands include The Advocate, Out, The Out Traveler and HIVPlus, as well as SpecPub, Inc. titles. Transaction services brands include e-commerce Web sites Kleptomaniac.com and BuyGay.com, and book publisher Alyson Publications.

    PlanetOut, based in San Francisco with additional offices in New York and Los Angeles, offers Global 1000 and local advertisers access to what it believes to be the most extensive multi-channel, multi-platform network of gay and lesbian people in the world. For more information, please visit http://www.planetoutinc.com/.

    PlanetOut Inc. Unaudited Condensed Consolidated Statements of Operations (In thousands, except per share amounts) Three months ended Nine months ended September 30, September 30, 2006 2007 2006 2007 Revenue: Advertising services $6,386 $7,296 $19,051 $19,361 Subscription services 5,831 5,393 18,422 16,734 Transaction services 1,823 1,037 5,663 3,731 Total revenue 14,040 13,726 43,136 39,826 Operating costs and expenses: (*) Cost of revenue 6,221 7,079 19,405 21,949 Sales and marketing 3,777 4,126 11,432 12,297 General and administrative 2,845 3,683 8,617 11,959 Restructuring 58 581 892 581 Depreciation and amortization 1,192 1,703 3,549 5,077 Impairment of goodwill - - - 21,100 Total operating costs and expenses 14,093 17,172 43,895 72,963 Loss from operations (53) (3,446) (759) (33,137) Other expense, net (123) (610) (242) (1,494) Loss from continuing operations before income taxes (176) (4,056) (1,001) (34,631) Provision (benefit) for income taxes (38) 6 (38) 6 Loss from continuing operations (214) (4,050) (1,039) (34,625) Loss from discontinued operations, net of taxes (1,280) (705) (941) (8,055) Net loss $(1,494) $(4,755) $(1,980) $(42,680) Loss per share from continuing operations - basic and diluted $(0.12) $(1.03) $(0.60) $(14.12) Loss per share from discontinued operations- basic and diluted $(0.74) $(0.18) $(0.54) $(3.28) Net loss per share - basic and diluted $(0.86) $(1.21) $(1.14) $(17.40) Weighted-average shares used to compute net loss per share - basic and diluted 1,733 3,920 1,730 2,453 (*) Includes stock-based compensation expense as follows: Cost of revenue $11 $36 $17 $164 Sales and marketing 16 2 18 37 General and administrative 34 129 12 417 Total stock-based compensation expense $61 $167 $47 $618 Supplemental Financial Data (See Note to Unaudited Condensed Consolidated Statements of Operations) Adjusted EBITDA $1,398 $(929) $4,064 $(4,662) Adjusted Net Income (Loss) $45 $(3,236) $235 $(11,227) Adjusted EPS: Basic $0.03 $(0.83) $0.14 $(4.58) Diluted $0.03 $(0.83) $0.14 $(4.58) PlanetOut Inc. Note to Unaudited Condensed Consolidated Statements of Operations

    This press release includes the non-GAAP financial measures of Adjusted EBITDA, Adjusted Net Income (Loss) and Adjusted earnings per share ("Adjusted EPS") - Basic and Diluted, which are reconciled to net income (loss), net income (loss) and net income (loss) per share - basic and diluted, respectively, which the Company believes are the most comparable GAAP measures. The Company uses these non-GAAP financial measures for internal managerial purposes, when providing its business outlook, and as a means to evaluate period-to-period comparisons. These non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP. These non-GAAP financial measures reflect an additional way of viewing aspects of the Company's operations that, when viewed with its GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting the Company's business. These non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, income (loss) from operations, cash flow from operating activities and net income (loss) and net income (loss) per share calculated in accordance with generally accepted accounting principles.

    Adjusted EBITDA is defined as net income (loss) before interest, taxes, depreciation and amortization, stock-based compensation, restructuring, non- cash impairment charges, executive transition, financial advisory fees, loss from discontinued operations and other expense, net. The Company considers Adjusted EBITDA to be an important indicator of its operational strength. The Company deducts other expense, net, consisting primarily of interest income (expense) from net income (loss) in calculating Adjusted EBITDA because it regards interest income (expense) to be a non-operating item. This measure also eliminates the effects of depreciation and amortization, restructuring, non-cash impairment charges, executive transition, financial advisory fees, loss from discontinued operations and stock-based compensation expense from period to period, which the Company believes is useful to management and investors in evaluating its operating performance, as depreciation and amortization, restructuring, non-cash impairment charges, executive transition, financial advisory fees, loss from discontinued operations and stock-based compensation costs are not directly attributable to the underlying performance of the Company's business operations. A limitation associated with this measure is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in the Company's businesses. Management evaluates the costs of such tangible and intangible assets through other financial measures such as capital expenditures. A further limitation associated with this measure is that it does not include stock-based compensation expenses related to the Company's workforce. Management compensates for this limitation by providing supplemental information about stock-based compensation expense on the face of the consolidated statements of operations.

    Adjusted Net Income (Loss) is defined as net income (loss) excluding stock-based compensation expense, restructuring, non-cash impairment charges, executive transition, financial advisory fees and loss from discontinued operations. The Company considers Adjusted Net Income (Loss) to be a profitability measure which facilitates the forecasting of its operating results for future periods and allows for the comparison of its results to historical periods and to other companies in its industry. A limitation of Adjusted Net Income (Loss) is that it does not include all items that impact the Company's net income (loss) and net income (loss) per share for the period. Adjusted EPS - - Basic and Diluted are defined as Adjusted Net Income (Loss) calculated on a basic and diluted per share basis, respectively.

    The Company undertakes no obligation to provide or update any such estimates or supplemental information in the future.

    PlanetOut Inc. Unaudited Condensed Consolidated Balance Sheets (In thousands) December 31, September 30, 2006 2007 Assets Current assets: Cash and cash equivalents $9,674 $11,025 Short-term investments 2,050 - Restricted cash 2,854 166 Accounts receivable, net 8,963 6,270 Inventory 1,690 1,204 Prepaid expenses and other current assets 4,137 2,280 Current assets of discontinued operations 7,573 1,613 Current assets held for sale - 2,687 Total current assets 36,941 25,245 Property and equipment, net 10,737 9,303 Goodwill 28,590 7,538 Intangible assets, net 9,763 6,445 Other assets 1,021 570 Long-term assets of discontinued operations 6,537 2,086 Long-term assets held for sale - 2,721 Total assets $93,589 $53,908 Liabilities and stockholders' equity Current liabilities: Accounts payable $1,691 $1,541 Accrued expenses and other liabilities 3,310 3,307 Deferred revenue, current portion 8,989 6,369 Capital lease obligations, current portion 694 826 Notes payable, current portion net of discount 8,817 - Deferred rent, current portion 228 278 Current liabilities of discontinued operations 6,068 1,701 Current liabilities related to assets held for sale - 2,451 Total current liabilities 29,797 16,473 Deferred revenue, less current portion 1,474 915 Capital lease obligations, less current portion 1,504 1,201 Notes payable, less current portion and discount 8,100 - Deferred rent, less current portion 1,569 1,441 Long-term liabilities related to assets held for sale - 613 Total liabilities 42,444 20,643 Stockholders' equity: Common stock 17 40 Additional paid-in capital 89,532 114,289 Accumulated other comprehensive loss (122) (102) Accumulated deficit (38,282) (80,962) Total stockholders' equity 51,145 33,265 Total liabilities and stockholders' equity $93,589 $53,908 PlanetOut Inc. Unaudited Condensed Consolidated Statements of Cash Flows (In thousands) Nine months ended September 30, 2006 2007 Cash flows from operating activities: Net loss $(1,980) $(42,680) Net loss from discontinued operations, net of tax 941 8,055 Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 3,549 5,077 Impairment of goodwill - 21,100 Non-cash services expense - 135 Provision for doubtful accounts 293 162 Restructuring 19 203 Stock-based compensation 47 618 Amortization of debt discount - 392 Amortization of deferred rent (59) (78) Loss on disposal or write-off of property and equipment 15 486 Changes in operating assets and liabilities, net of acquisition effects and classification of assets and liabilities related to assets held for sale: Accounts receivable (1,593) 1,405 Inventory (83) (522) Prepaid expenses and other assets (1,405) 1,245 Accounts payable 1,021 (24) Accrued expenses and other liabilities 1,357 278 Deferred revenue 36 (555) Net cash provided by (used in) continuing operating activities 2,158 (4,703) Net cash used in discontinued operations (3,986) (1,986) Net cash used in operations (1,828) (6,689) Cash flows from investing activities: Purchases of property and equipment (2,632) (2,830) Changes in short-term investments (769) 2,050 Changes in restricted cash (4,080) 2,688 Acquisitions, net of cash acquired 76 - Acquisition of discontinued operations, net of cash (5,479) - Net cash provided by (used in) investing activities (12,884) 1,908 Cash flows from financing activities: Proceeds from exercise of common stock options and warrants 312 78 Proceeds from equity financing, net of transaction costs - 24,017 Proceeds from issuance of notes payable 10,500 - Proceeds from repayment of note receivable from stockholder 843 - Principal payments under capital lease obligations and notes payable (614) (17,890) Tax withholding payments reimbursed by restricted stock - (93) Net cash provided by financing activities 11,041 6,112 Effect of exchange rate on cash and cash equivalents (9) 20 Net decrease in cash and cash equivalents (3,680) 1,351 Cash and cash equivalents, beginning of period 18,461 9,674 Cash and cash equivalents, end of period $14,781 $11,025 Supplemental disclosure of noncash investing and financing activities: Property and equipment and related maintenance acquired under capital leases $2,135 $461 Issuance of common stock warrants in connection with debt issuance $445 $- PlanetOut Inc. Reconciliations to Condensed Consolidated Statements of Operations (Unaudited, in thousands, except per share amounts) Three months ended Nine months ended September 30, September 30, 2006 2007 2006 2007 Adjusted EBITDA: Net loss $(1,494) $(4,755) $(1,980) $(42,680) Loss from discontinued operations 1,280 705 941 8,055 (Provision) benefit for income taxes 38 (6) 38 (6) Other expense, net 123 610 242 1,494 Loss from operations (53) (3,446) (759) (33,137) Restructuring 58 581 892 581 Non-cash impairment charges * - - - 21,567 Executive transition 140 - 335 497 Financial advisory fees - 66 - 135 Depreciation and amortization 1,192 1,703 3,549 5,077 Stock-based compensation expense 61 167 47 618 $1,398 $(929) $4,064 $(4,662) Adjusted Net Income (Loss): Net loss $(1,494) $(4,755) $(1,980) $(42,680) Loss from discontinued operations 1,280 705 941 8,055 Stock-based compensation expense 61 167 47 618 Restructuring 58 581 892 581 Non-cash impairment charges * - - - 21,567 Executive transition 140 - 335 497 Financial advisory fees - 66 - 135 $45 $(3,236) $235 $(11,227) Adjusted EPS: Basic $0.03 $(0.83) $0.14 $(4.58) Diluted $0.03 $(0.83) $0.14 $(4.58) Weighted-average shares used to compute Adjusted EPS: Basic 1,733 3,920 1,730 2,453 Diluted 1,733 3,920 1,730 2,453 * Non-cash impairment charges for the nine months ended September 30, 2007 include $93,000 of charges for the three months ended March 31, 2007 not previously defined as a reconciling item in our calculation\ of Adjusted EBITDA or Adjusted Net Income (Loss). PlanetOut Inc. Unaudited Summary of Consolidated Segment Information (In thousands) Three months ended Three months ended September 30, 2006 September 30, 2007 Online Publishing Total Online Publishing Total Revenue: Advertising services $2,646 $3,740 $6,386 $2,443 $4,853 $7,296 Subscription services 4,473 1,358 5,831 4,010 1,383 5,393 Transaction services 448 1,375 1,823 279 758 1,037 Total revenue 7,567 6,473 14,040 6,732 6,994 13,726 Direct operating costs and expenses: Cost of revenue 2,446 3,775 6,221 2,842 4,237 7,079 Sales and marketing 2,440 1,337 3,777 2,125 2,001 4,126 Total direct operating costs and expenses 4,886 5,112 9,998 4,967 6,238 11,205 Contribution margin $2,681 $1,361 4,042 $1,765 $756 2,521 Other operating costs and expenses: General and administrative 2,845 3,683 Restructuring 58 581 Depreciation and amortization 1,192 1,703 Total other operating costs and expenses 4,095 5,967 Loss from operations (53) (3,446) Other expense, net (123) (610) Provision (benefit) for income taxes (38) 6 Loss from discontinued operations (1,280) (755) Net loss $(1,494) $(4,805) Nine months ended Nine months ended September 30, 2006 September 30, 2007 Online Publishing Total Online Publishing Total Revenue: Advertising services $7,242 $11,809 $19,051 $6,891 $12,470 $19,361 Subscription services 13,985 4,437 18,422 12,519 4,215 16,734 Transaction services 1,617 4,046 5,663 959 2,772 3,731 Total revenue 22,844 20,292 43,136 20,369 19,457 39,826 Direct operating costs and expenses: Cost of revenue 7,394 12,011 19,405 9,766 12,183 21,949 Sales and marketing 7,774 3,658 11,432 7,019 5,278 12,297 Total direct operating costs and expenses 15,168 15,669 30,837 16,785 17,461 34,246 Contribution margin (loss) $7,676 $4,623 12,299 $3,584 $1,996 5,580 Other operating costs and expenses: General and administrative 8,617 11,959 Restructuring 892 581 Depreciation and amortization 3,549 5,077 Impairment of goodwill - 21,100 Total other operating costs and expenses 13,058 38,717 Loss from operations (759) (33,137) Other expense, net (242) (1,494) Provision (benefit) for income taxes (38) 6 Loss from discontinued operations (941) (8,055) Net loss $(1,980) $(42,680)

    PlanetOut Inc.

    CONTACT: Kevin Nyland of PlanetOut Inc., +1-415-834-6389,
    kevin.nyland@planetoutinc.com

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




    Protection One to Conduct Third Quarter 2007 Results Conference Call

    LAWRENCE, Kan., Nov. 1 /PRNewswire-FirstCall/ -- Protection One, Inc. , one of the largest electronic security companies in the United States, today announced that it will host a conference call to discuss third quarter 2007 financial results on Tuesday, Nov. 13, 2007, at 10 a.m. Eastern time. Hosting the call will be Richard Ginsburg, president and chief executive officer, and Darius G. Nevin, executive vice president and chief financial officer.

    The call may be accessed by dialing (888) 737-3708 (inside the United States and Canada). The reference code is 2609483. A live webcast also will be available at http://www.protectionone.com/.

    A webcast replay will be available shortly after the call at http://www.protectionone.com/. A replay of the call also will be available through Nov. 28, 2007. To listen to the replay, call (719) 457-0820 or (888) 203-1112 and enter the following passcode: 2609483.

    Protection One is one of the largest vertically integrated national providers of sales, installation, monitoring, and maintenance of electronic security systems to homes and businesses. Network Multifamily, Protection One's wholly owned subsidiary, is the largest security provider to the multifamily housing market. The company also owns the nation's largest provider of wholesale monitoring services, the combined operations of CMS and Criticom International. For more information about Protection One, visit http://www.protectionone.com/. (PONENR)

    Protection One, Inc.

    CONTACT: Media, Robin J. Lampe, +1-785-856-9350, or Investors, Darius G.
    Nevin, +1-785-856-9368, both of Protection One

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




    The Advisory Board Company Reports Fiscal Year 2008 Second Quarter ResultsCompany Reports Quarterly Revenue Growth of 16% and Contract Value Growth of 17%; Announces New Program Launch

    WASHINGTON, Nov. 1 /PRNewswire-FirstCall/ -- The Advisory Board Company today announced financial results for the second quarter of its fiscal year ending March 31, 2008. Revenues for the quarter increased 16% to $54.0 million, from $46.7 million in the second quarter of fiscal 2007. Net income was $8.5 million, or $0.45 per diluted share, compared to $7.2 million, or $0.37 per diluted share, for the same period a year ago. Contract value grew 17% to $217.5 million as of September 30, 2007, up from $186.3 million as of September 30, 2006.

    For the six months ended September 30, 2007, revenues increased 16% to $105.1 million, from $90.9 million for the six months ended September 30, 2006. Net income for the six months ended September 30, 2007 was $15.6 million, or $0.83 per diluted share, compared to $13.7 million, or $0.70 per diluted share, for the same period a year ago.

    To analyze results on a comparable basis to periods prior to the implementation of SFAS No. 123R, the Company's management uses and is providing adjusted financial results, including adjusted net income and earnings per diluted share, that exclude share-based compensation expense. Adjusted net income for the second quarter of fiscal year 2008 was $10.8 million, up from $9.2 million for the second quarter of fiscal year 2007. Adjusted earnings per diluted share for the second quarter of fiscal year 2008 increased 21% to $0.58, from $0.48 in the same quarter of the prior year. Adjusted net income for the six months ended September 30, 2007 was $20.2 million, or $1.07 per diluted share compared to $17.8 million, or $0.91 per diluted share, for the same period a year ago. A reconciliation of the Company's reported and adjusted results is set forth in the "Reconciliation of Non-GAAP Financial Measures" section included below.

    Frank Williams, Chairman and Chief Executive Officer of The Advisory Board Company, commented, "We are quite pleased with our financial results for the second quarter. Across the quarter, healthy renewal performance, strong new program introductions and success in cross-selling led to strong revenue and contract value growth. Accordingly, our value proposition of providing cutting-edge, highly applicable best practice research, complemented by an ongoing focus on program innovation continues to resonate in the marketplace. Across the year, member feedback continues to emphasize the tangible economic impact of our membership programs on their most important strategic and operational issues."

    Williams added, "I am also pleased to announce our latest launch, the Supply Quality Performance Program. This program provides a comprehensive toolkit to assist health systems in building a real-time performance benchmark and decision support system aimed at ensuring patient safety and care excellence through the proactive management of supply quality. Through best practice research, performance benchmarking data, and a robust, web-based analytical tool, the program enhances a member institution's ability to create an infrastructure to ensure that supplies and devices uniformly meet quality standards across a broad organization. Given recent market trends towards increased quality transparency as well as the rapidly shifting medical supply landscape, this infrastructure is critical as an operational and strategic tool in improving patient safety that will increasingly become a critical core competency for our hospital members. We have already established a strong charter membership for the program, including Evanston Northwestern Healthcare, Stanford Hospital, University Medical Center at Princeton, Hackensack University Medical Center, and Children's Hospital of Seattle. The program is off to a strong start, and we are very excited about its potential."

    Outlook for the Remainder of Calendar Year 2007

    The Company announced revenue guidance for the next calendar quarter of approximately $55.8 million, and has increased its full year revenue guidance to approximately $211.2 million. The Company expects adjusted earnings per diluted share of $0.54 for the quarter ending December 31, 2007, and has increased its full year adjusted earnings per diluted share guidance to $2.10. The Company expects an effective income tax rate of approximately 33.3% for the remainder of fiscal year 2008.

    Adjusted expected results exclude share-based compensation expense and are estimated using effective tax rates and number of weighted average diluted shares outstanding calculated in accordance with generally accepted accounting principles (GAAP). Beginning in fiscal year 2008, the Company no longer excludes from its adjusted results employer taxes related to the exercise of employee stock options. See "Reconciliation of Non-GAAP Financial Measures" for additional information on adjusted financial presentations and a reconciliation with results presented in accordance with GAAP.

    Share Repurchase

    During the three months ended September 30, 2007, the Company repurchased 276,356 shares of its common stock at a total cost of approximately $15.5 million. To date, the Company has repurchased 4,156,437 shares of its common stock at a total cost of approximately $185.9 million. Repurchases will continue to be made from time to time in open market and privately negotiated transactions subject to market conditions. No minimum number of shares has been fixed. The Company will fund its share repurchases with cash on hand and cash generated from operations. At September 30, 2007, the Company had approximately $153.5 million in cash and marketable securities and no debt.

    Web and Conference Call Information

    The Company will hold a live conference call to discuss its second quarter fiscal year 2008 news release this evening, November 1, 2007, at 6:00 p.m. Eastern Time. The conference call will be available via live audio webcast on the Company's web site at http://www.advisoryboardcompany.com/ in the section entitled "Investor Relations" found under the tab "The Firm." To participate by telephone, the dial-in number is 866.510.0712 and the access code is 80034717. Please be advised to dial-in at least five minutes prior to the call to register. The webcast will be archived for seven days: from 8:00 p.m. Thursday, November 1, until 8:00 p.m. Thursday, November 8, 2007.

    About The Advisory Board Company

    The Advisory Board Company provides best practices research and analysis to the health care industry, focusing on business strategy, operations and general management issues. The Company provides best practices and research through discrete programs to a membership of more than 2,600 hospitals, health systems, pharmaceutical and biotech companies, health care insurers, and medical device companies in the United States. Each program typically charges a fixed annual fee and provides members with such services as best practice research reports, executive education, on-line analytical tools, and other supporting research services.

    THE ADVISORY BOARD COMPANY FINANCIAL HIGHLIGHTS (In thousands, except per share data) (Unaudited) Three Months Ended Selected September 30, Growth 2007 2006 Rates Financial Highlights (GAAP, as reported) Revenues $54,029 $46,727 15.6% Cost of services $24,380 $21,575 Member relations and marketing $11,173 $9,805 General and administrative $6,350 $5,711 Income from operations $11,243 $9,111 Net income $8,536 $7,173 19.0% Basic earnings per share $0.47 $0.38 23.7% Diluted earnings per share $0.45 $0.37 21.6% Weighted average common shares outstanding Basic 18,090 18,821 Diluted 18,808 19,447 Financial Highlights (Adjusted)(1) Adjusted cost of services $23,222 $20,537 Adjusted member relations and marketing $10,457 $9,104 Adjusted general and administrative $4,770 $4,312 Adjusted income from operations $14,697 $12,249 20.0% Adjusted net income $10,839 $9,247 17.2% Adjusted diluted earnings per share $0.58 $0.48 20.8% Diluted weighted average common shares outstanding 18,808 19,447 Adjusted percentages of revenues (1) Adjusted cost of services 43.0% 44.0% Adjusted member relations and marketing 19.4% 19.5% Adjusted general and administrative 8.8% 9.2% Adjusted income from operations 27.2% 26.2% Six Months Ended Selected September 30, Growth 2007 2006 Rates Financial Highlights (GAAP, as reported) Revenues $105,133 $90,932 15.6% Cost of services $48,668 $42,490 Member relations and marketing $21,785 $19,247 General and administrative $12,703 $11,076 Income from operations $20,327 $17,224 Net income $15,617 $13,672 14.2% Basic earnings per share $0.86 $0.72 19.4% Diluted earnings per share $0.83 $0.70 18.6% Weighted average common shares outstanding Basic 18,100 18,880 Diluted 18,802 19,600 Financial Highlights (Adjusted) (1) Adjusted cost of services $46,364 $40,339 Adjusted member relations and marketing $20,362 $17,863 Adjusted general and administrative $9,567 $8,295 Adjusted income from operations $27,190 $23,480 15.8% Adjusted net income $20,197 $17,807 13.4% Adjusted diluted earnings per share $1.07 $0.91 17.6% Diluted weighted average common shares outstanding 18,802 19,600 Adjusted percentages of revenues (1) Adjusted cost of services 44.1% 44.4% Adjusted member relations and marketing 19.4% 19.6% Adjusted general and administrative 9.1% 9.1% Adjusted income from operations 25.9% 25.8% (1) In order to allow investors to assess results on a basis consistent with those used by management, the tables below under "Reconciliation of Non-GAAP Financial Measures" reconcile GAAP to adjusted amounts for the three and six months ended September 30, 2007 and 2006. Adjusted results exclude the share-based compensation expense recognized by the Company in accordance with SFAS No. 123R. Adjusted results include the employer taxes paid in connection with the exercise of employee stock options of $74,000 and $213,000 for the three and six months ended September 30, 2007, respectively, and $45,000 and $148,000 for the three and six months ended September 30, 2006, respectively. Reconciliation of Non-GAAP Financial Measures

    The Company believes its calculations of adjusted results to exclude share-based compensation charges provide additional information about the Company's ongoing operating performance. The Company's management uses the adjusted presentations to evaluate projected operating results on a basis that is comparable to that used for periods prior to implementation of SFAS No. 123R and provides such information publicly to assist in comparisons to prior periods. For historical results, a reconciliation between results as adjusted and in conformity with GAAP is shown in the attached schedule. The Company is not able to provide a quantitative reconciliation of its outlook for the remainder of calendar year 2007 to GAAP as equity-based compensation is dependent upon a number of unknown factors, including the amount, type and timing of equity-based compensation grants and future stock prices. Because adjusted financial results are not measurements determined in accordance with GAAP and are thus susceptible to varying calculations, they may not be comparable as presented to other similarly titled measures of other companies.

    Adjusted financial results are not measures of financial performance under GAAP and should not be viewed as a pro-forma presentation reflecting the elimination of the underlying share-based compensation programs, as those programs are an important element of the Company's compensation structure and generally accepted accounting principles indicate that all forms of share- based payments should be valued and included as appropriate in results of operations. Management compensates for this aspect of the non-GAAP financial measures by separately evaluating its share-based compensation arrangements.

    THE ADVISORY BOARD COMPANY RECONCILIATION OF GAAP TO ADJUSTED RESULTS (In thousands, except per share data) (Unaudited) Three Months Ended September 30, 2007 GAAP, as Share-based Financial statement reported compensation Adjusted descriptions Cost of services $24,380 $(1,158) $23,222 Member relations and marketing $11,173 $(716) $10,457 General and administrative $6,350 $(1,580) $4,770 Income from operations $11,243 $3,454 $14,697 Net income $8,536 $2,303 $10,839 Diluted earnings per share $0.45 $0.13 $0.58 Three Months Ended September 30, 2006 GAAP, as Share-based Financial statement reported compensation Adjusted descriptions Cost of services $21,575 $(1,038) $20,537 Member relations and marketing $9,805 $(701) $9,104 General and administrative $5,711 $(1,399) $4,312 Income from operations $9,111 $3,138 $12,249 Net income $7,173 $2,074 $9,247 Diluted earnings per share $0.37 $0.11 $0.48 Six Months Ended September 30, 2007 GAAP, as Share-based Financial statement reported compensation Adjusted descriptions Cost of services $48,668 $(2,304) $46,364 Member relations and marketing $21,785 $(1,423) $20,362 General and administrative $12,703 $(3,136) $9,567 Income from operations $20,327 $6,863 $27,190 Net income $15,617 $4,580 $20,197 Diluted earnings per share $0.83 $0.24 $1.07 Six Months Ended September 30, 2006 GAAP, as Share-based Financial statement reported compensation Adjusted descriptions Cost of services $42,490 $(2,091) $40,399 Member relations and marketing $19,247 $(1,384) $17,863 General and administrative $11,076 $(2,781) $8,295 Income from operations $17,224 $6,256 $23,480 Net income $13,672 $4,135 $17,807 Diluted earnings per share $0.70 $0.21 $0.91 Forward Looking Statements

    This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on information available to the Company as of November 1, 2007, the date of this news release, as well as the Company's current projections, forecasts and assumptions, and involve risks and uncertainties. You are hereby cautioned that these statements may be affected by certain factors, including those set forth below. Consequently, actual operations and results may differ materially from the results discussed in the forward-looking statements, and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ materially from those indicated by forward-looking statements include, among others, the dependence on renewal of membership-based services, dependence on key personnel, the need to attract and retain qualified personnel, management of growth, new product development, competition, risks associated with anticipating market trends, industry consolidation, variability of quarterly operating results, possible volatility in the Company's stock price, the impact on our financials associated with some of our newer programs that are more dependent upon technology, the effects of adoption of SFAS No. 123R including the effect of the amount, type and timing of future stock-based compensation grants, and various factors related to income and other taxes, including whether the District of Columbia withdraws the Company's status as a Qualified High-Tech Company, as well as those risks and uncertainties described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2007 and also disclosed from time to time in its subsequent reports on Form 10-Q and Form 8-K, which are available on the Company's website at http://www.advisoryboardcompany.com/ in the "Investor Relations" section and at the SEC's website at http://www.sec.gov/. Additional information will also be set forth in the Company's report on Form 10-Q for the quarter ended September 30, 2007, which will be filed with the SEC in November 2007.

    Accordingly, readers are cautioned not to place undue reliance on forward- looking statements made in this news release, which speak only as of the date of this press release, and the Company does not undertake to update these statements, whether as a result of circumstances or events that arise after the date they are made, new information, or otherwise. You should, however, consult any further disclosures the Company may make in its future filings of its reports on Form 10-K, Form 10-Q and Form 8-K.

    THE ADVISORY BOARD COMPANY UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER OPERATING STATISTICS (In thousands, except per share data) Three Months Ended Selected Six Months Ended Selected September 30, Growth September 30, Growth 2007 2006 Rates 2007 2006 Rates Statements of Operations Revenues $54,029 $46,727 15.6% $105,133 $90,932 15.6% Cost of services 24,380 21,575 48,668 42,490 Member relations and marketing 11,173 9,805 21,785 19,247 General and administrative 6,350 5,711 12,703 11,076 Depreciation 883 525 1,650 895 Income from operations 11,243 9,111 20,327 17,224 Interest income 1,554 1,741 3,091 3,459 Income before provision for income taxes 12,797 10,852 17.9% 23,418 20,683 13.2% Provision for income taxes (4,261) (3,679) (7,801) (7,011) Net income $8,536 $7,173 19.0% $15,617 $13,672 14.2% Earnings per share Basic $0.47 $0.38 $0.86 $0.72 Diluted $0.45 $0.37 21.6% $0.83 $0.70 18.6% Weighted average common shares outstanding Basic 18,090 18,821 18,100 18,880 Diluted 18,808 19,447 18,802 19,600 Contract Value (at end of period) $217,530 $186,316 16.8% Percentages of Revenues Cost of services 45.1% 46.2% 46.3% 46.7% Member relations and marketing 20.7% 21.0% 20.7% 21.2% General and administrative 11.8% 12.2% 12.1% 12.2% Depreciation and loss on disposal of assets 1.6% 1.1% 1.6% 1.0% Income from operations 20.8% 19.5% 19.3% 18.9% Net income 15.8% 15.4% 14.9% 15.0% THE ADVISORY BOARD COMPANY CONSOLIDATED BALANCE SHEETS (In thousands) September 30, March 31, 2007 2007 (unaudited) ASSETS Current assets: Cash and cash equivalents $17,172 13,195 Marketable securities 10,374 12,718 Membership fees receivable, net 68,590 57,671 Prepaid expenses and other current assets 2,692 3,123 Deferred income taxes 19,372 21,673 Total current assets 118,200 108,380 Fixed assets, net 19,903 17,421 Intangible assets, net 1,060 1,011 Goodwill 5,426 5,426 Deferred incentive compensation and other charges 17,507 13,857 Deferred income taxes, net of current portion 4,312 6,629 Marketable securities 125,962 133,450 Total assets $292,370 286,174 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Deferred revenues $119,010 $116,994 Accounts payable and accrued liabilities 19,725 18,721 Accrued incentive compensation 7,293 10,608 Total current liabilities 146,028 146,323 Other long-term liabilities 1,645 1,387 Total liabilities 147,673 147,710 Stockholders' equity: Common stock 212 208 Additional paid-in capital 200,974 181,380 Retained earnings 96,579 80,962 Accumulated elements of comprehensive income (340) (1,156) Treasury stock (152,728) (122,930) Total stockholders' equity 144,697 138,464 Total liabilities and stockholders' equity $292,370 $286,174 THE ADVISORY BOARD COMPANY UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Six Months Ended September 30, 2007 2006 Cash flows from operating activities: Net income $15,617 $13,672 Adjustments to reconcile net income to net cash provided by operating activities - Depreciation 1,650 895 Amortization of intangible assets 122 92 Deferred income taxes 7,316 6,396 Excess tax benefits from share-based payments (3,140) (3,459) Share-based payment expense 6,864 6,254 Amortization of marketable securities premiums 388 511 Changes in operating assets and liabilities: Member fees receivable (10,919) (8,623) Prepaid expenses and other current assets 431 (250) Deferred incentive compensation and other charges (3,650) 893 Deferred revenues 2,016 (4,616) Accounts payable and accrued liabilities 1,004 (1,204) Accrued incentive compensation (3,315) (1,256) Other liabilities 258 966 Net cash flows provided by operating activities 14,642 10,271 Cash flows from investing activities: Purchases of property and equipment (4,132) (5,118) Capitalized software development costs (171) (233) Redemption of marketable securities 19,875 3,000 Purchases of marketable securities (9,173) (8,000) Net cash flows provided by (used in) investing activities 6,399 (10,351) Cash flows from financing activities: Proceeds on issuance of stock from exercise of stock options 9,368 2,371 Proceeds on issuance of stock under employee stock purchase plan 226 209 Excess tax benefits from share-based compensation arrangements 3,140 3,459 Purchases of treasury stock (29,798) (20,371) Net cash flows used in financing activities (17,064) (14,332) Net increase (decrease) in cash and cash equivalents 3,977 (14,412) Cash and cash equivalents, beginning of period 13,195 21,678 Cash and cash equivalents, end of period $17,172 $7,266

    The Advisory Board Company

    CONTACT: Michael Kirshbaum, Chief Financial Officer of The Advisory
    Board Company, +1-202-266-5876, jacobsg@advisory.com

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




    DATATRAK International Management To Host Conference Call on November 8, 2007 To Discuss Third Quarter and Nine Month Operating Results for 2007

    CLEVELAND, Nov. 1 /PRNewswire-FirstCall/ -- DATATRAK International, Inc. , a technology and services company focused on global eClinical solutions for the clinical trials industry, today announced that it will host a conference call to discuss third quarter and nine month operating results at 4:30 p.m. ET on Thursday, November 8, 2007.

    To participate via phone, participants are asked to dial 412-858-4600 a few minutes before 4:30 p.m. ET. The conference call will also be available via live web cast on DATATRAK International, Inc.'s web site by clicking the button labeled "Click here for Live Web Cast, 3rd Quarter Earnings Call" on the Company's homepage at http://www.datatrak.net/ a few minutes before 4:30 p.m. ET.

    A replay of the phone call and web cast will each be available at approximately 6:30 p.m. ET on November 8, 2007 and will run until 9:00 a.m. ET on November 15, 2007. The phone replay can be accessed by dialing 412-317- 0088 (access code 412002). To access the web cast replay go to the Company's homepage at http://www.datatrak.net/ and click the button labeled "Click here for Replay of Web Cast, 3rd Quarter Earnings Call."

    DATATRAK International, Inc. is a worldwide technology company focused on the provision of multi-component eClinical solutions and related services for the clinical trials industry. The Company delivers a complete portfolio of software products that were created in order to accelerate clinical research data from investigative sites to clinical trial sponsors and ultimately the FDA, faster and more efficiently than manual methods or loosely integrated technologies. DATATRAK's eClinical software suite can be deployed worldwide through an ASP offering or in a licensed Enterprise Transfer model that fully empowers its clients. The DATATRAK software suite and its earlier versions have successfully supported hundreds of international clinical trials involving thousands of clinical research sites and encompassing tens of thousands of patients in 59 countries. DATATRAK International, Inc.'s product suite has been utilized in some aspect of the clinical development of 17 drugs and devices that have received regulatory approval from either the United States Food and Drug Administration or counterpart European bodies. DATATRAK International, Inc. has offices located in Cleveland, Ohio, Bonn, Germany, and Bryan, Texas. Its common stock is listed on the NASDAQ Stock Market under the ticker symbol "DATA". Visit the DATATRAK International, Inc. web site at http://www.datatrak.net/.

    Except for the historical information contained in this press release, the statements made in this release are forward-looking statements. These forward- looking statements are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors (including those specified below) which are difficult to predict and, in many instances, are beyond the control of the Company. Factors that may cause actual results to differ materially from those in the forward-looking statements include the limited operating history on which the Company's performance can be evaluated; the ability of the Company to continue to enhance its software products to meet customer and market needs; fluctuations in the Company's quarterly results; the viability of the Company's business strategy and its early stage of development; the timing of clinical trial sponsor decisions to conduct new clinical trials or cancel or delay ongoing trials; the Company's dependence on major customers; government regulation associated with clinical trials and the approval of new drugs; the ability of the Company to compete in the emerging EDC market; losses that potentially could be incurred from breaches of contracts or loss of customer data; the inability to protect intellectual property rights or the infringement upon other's intellectual property rights; the Company's success in integrating its acquisition's operations into its own operations and the costs associated with maintaining and/or developing two product suites; and general economic conditions such as the rate of employment, inflation, interest rates and the condition of capital markets. This list of factors is not all inclusive. In addition, the Company's success depends on the outcome of various strategic initiatives it has undertaken, all of which are based on assumptions made by the Company concerning trends in the clinical research market and the health care industry. The Company undertakes no obligation to update publicly or revise any forward-looking statement.

    DATATRAK International, Inc.

    CONTACT: Jeffrey A. Green, Pharm.D., FCP President and Chief Executive
    Officer, +1-440-443-0082, x112; or Raymond J. Merk, Chief Financial Officer,
    +1-440-443-0082 x181, both of DATATRAK International, Inc.; or Neal Feagans,
    Investor Relations, Feagans Consulting, Inc., +1-303-449-1184

    Web site: http://www.datatrak.net/




    Agency.com Chicago Gains Top ManagementAgency.com Chicago Welcomes New VP Executive Creative Director, Michael Rivera, and VP of Media, Jeff Cole.

    CHICAGO, Nov. 1 /PRNewswire/ -- Agency.com (http://www.agency.com/) today announced the appointment of VP Executive Creative Director, Michael Rivera and Vice President of Media, Jeff Cole, to the Chicago office. The appointments come as the Chicago outpost of the digital ideas agency strengthens its management team.

    Michael Rivera is a seasoned creative director joining Agency.com from MARC USA where he reshaped the creative department and lead interactive and offline creative campaigns for True Value, Sennheiser Electronics, Apartments.com and WMS Gaming. Prior to MARC, Michael was a creative director at JWT.

    Rivera commented: ""Agency.com is a place where big ideas and digital innovation thrive side by side. It's an environment that truly inspires me."

    Jeff Cole comes to Agency.com from MindShare INTERACTION where he was previously a Partner/Group Media Director responsible for overseeing online and emerging media for accounts including Unilever Home and Personal Care Brands; which include Axe, Dove and Suave, Wm. Wrigley Jr. Company which included such brands as Altoids, Orbit and 5 and the Art Institute of Chicago.

    "I'm excited to be at Agency.com and getting back to my digital roots. This place has such a rich history and name in the market. I look forward to learning from the team and infusing my background and experience. Hopefully I can help add a few pages to the story of Agency.com," said Cole on his appointment.

    Kathleen Flynn, President of Agency.com Chicago, said: "In Michael and Jeff we add two incredibly strong new members to our management team, who bring passion, ingenuity and a wealth of experience as we continue striving to work with our clients in the best possible way."

    About Agency.com

    Agency.com (http://www.agency.com/) creates interactive customer experiences for clients such as British Airways, Dulux, Energizer, IKEA, LG Electronics and T- Mobile. Agency.com pioneered the interactive marketing agency industry in 1995 and is headquartered in New York, with offices in Amsterdam, Brussels, Chicago, Dallas, Dublin, London, Milan, Rome, San Francisco and Shanghai.

    Agency.com is a part of Omnicom Group Inc. (http://www.omnicomgroup.com/). Omnicom is a leading global advertising, marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, interactive, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.

    All trademarks, trade names, service marks, and logos referenced herein belong to their respective owners.

    Agency.com

    CONTACT: Marianne Stefanowicz of Agency.com Worldwide, +1-212-804-1167,
    marianne@agency.com

    Web site: http://www.agency.com/
    http://www.omnicomgroup.com/




    Sinclair Closes on Sale of WGGB-TV in Springfield-Holyoke, MA

    BALTIMORE, Nov. 1 /PRNewswire-FirstCall/ -- Sinclair Broadcast Group, Inc. announced today that it has closed on the sale of the assets of WGGB-TV (ABC 40) in the Springfield-Holyoke, MA market to Gormally Broadcasting, LLC for $21.2 million in cash.

    Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, owns and operates, programs or provides sales services to 57 television stations in 35 markets. Sinclair's television group reaches approximately 22% of U.S. television households and is affiliated with all major networks.

    Sinclair Broadcast Group, Inc.

    CONTACT: David Amy, EVP & CFO, or Lucy Rutishauser, Treasurer,
    +1-410-568-1500, both of Sinclair Broadcast Group, Inc.

    Web site: http://www.sbgi.net/

    Company News On-Call: http://www.prnewswire.com/comp/110203.html




    On2 Technologies Completes Business Combination with Hantro Products

    TARRYTOWN, N.Y., Nov. 1 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. , a leader in video compression solutions, announced today that it has completed its business combination with Finland-based Hantro Products Oy, a leader in multimedia for mobile devices. The transaction, which was accomplished by an exchange of shares, was finalized on November 1, 2007. Hantro has now become a wholly-owned subsidiary of On2.

    With the addition of Hantro, On2 consolidates its position as a leading international provider of video compression solutions for all major IP delivery platforms and devices. The acquisition expands On2's TrueMotion(R) product and technology portfolio across all market segments important for advanced video compression. As a result, On2 now has the capability to address the broad needs of customers who comprise the leading businesses in web technologies, VoIP, mobile devices and semiconductor.

    "Our combination with Hantro and its team emphasizes our commitment to bring high-quality video to any application or device, and provide our customers both hardware implementations and software solutions for our codecs," said Bill Joll, president and CEO of On2 Technologies. "As of today, On2 is a stronger company with a broader foundation, greater resources and a wider international presence than ever before. We look forward to delivering the promise of this transaction to our customers and our shareholders."

    Full details of the final terms of the transaction will be provided in On2's Current Report on Form 8-K to be filed shortly with the SEC.

    About On2 Technologies, Inc.

    On2 Technologies ensures a compelling video experience for any video application anywhere. From low bit rate to high definition (HD), On2 provides optimized video compression technology enabling innovative solutions for application developers, content and service providers, chip vendors, device manufacturers, digital signage companies and beyond.

    Through continual innovation, On2 satisfies the toughest quality, bandwidth, and power requirements for video. The company's proprietary (TrueMotion(R) VP6(TM), VP7(TM)) and standards based (MPEG-2, MPEG-4, H.263, H.264, VC-1) codecs dominate the video market, with more than 1 billion deployments on desktops worldwide and more than 200+ million in mobile; they are also proven in silicon with over 25 semiconductor manufacturers globally.

    Established in 1992 and headquartered in Tarrytown, New York, On2 has offices and partners in Finland, Germany, UK, Japan, China, Taiwan and Korea. Customers include Nokia, Samsung, Sony, Freescale, AMS, Atmel, Adobe/Macromedia, AOL, Sony, Skype, Facebook, VideoEgg, Brightcove, Move Networks and XM Satellite Radio. For more information please visit http://www.on2.com/.

    On2 Statement Under the Private Securities Litigation Reform Act

    The release contains information about future expectations, plans and prospects of On2 Technologies, Inc.'s management that constitute forward- looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, that the proposed transaction may not result in the development of combined products or increases in revenues that are anticipated, the risk that the integrations of the businesses may not occur without significant additional costs and other factors that are discussed in the Company's Annual Report on Form 10-K, as amended, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.

    All trademarks mentioned in this document are the property of their respective owners.

    On2 Technologies, Inc.

    CONTACT: Investor Relations, Matt Frost, +1-914-468-0510, invest@on2.com
    or Media Relations, Sam Vasisht, +1-518-724-3872, media@on2.com, both of On2
    Technologies

    Web site: http://www.on2.com/




    Vital Images to Present at the CIBC World Markets 18th Annual Healthcare Conference on Wednesday, November 7Live Webcast at 8:10 a.m. CT

    MINNEAPOLIS, Nov. 1 /PRNewswire-FirstCall/ -- Vital Images, Inc. , a leading provider of enterprise-wide advanced visualization and analysis solutions, will present at the CIBC World Markets 18th Annual Healthcare Conference on Wednesday, Nov. 7, at 8:10 a.m. CT (9:10 a.m. ET). Jay D. Miller, president and chief executive officer, will discuss the company's business and growth strategies.

    To access the Webcast, go to the investors' section of the Vital Images Web site, http://www.vitalimages.com/, and click on the Webcast icon. The archived Webcast will be available at 11 a.m. CT on Wednesday, Nov. 7.

    The CIBC World Markets 18th Annual Healthcare Conference will be held Nov. 5 to 7 at the Waldorf-Astoria in New York City.

    About Vital Images

    Vital Images, Inc., headquartered in Minneapolis, is a leading provider of enterprise-wide advanced visualization and analysis software solutions. The company's technology gives radiologists, cardiologists, oncologists and other medical specialists, time-saving productivity and communications tools that can be accessed throughout the enterprise and via the Web for easy use in the day-to-day practice of medicine. Vital Images also has offices in Beijing, China and Den Haag, the Netherlands. For more information, visit http://www.vitalimages.com/.

    Forward-Looking Statements

    Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by that Act. These statements involve risks and uncertainties which could cause results to differ materially from those projected, including but not limited to dependence on market growth, challenges associated with international expansion, the ability to predict product, customer and geographic sales mix, regulatory approvals, the timely introduction, availability and acceptance of new products, the impact of competitive products and pricing, dependence on major customers, the ability to successfully manage operating costs, fluctuations in quarterly results, approval of products for reimbursement and the level of reimbursement, and other factors detailed from time to time in Vital Images' SEC reports, including its annual report on Form 10-K for the year ended December 31, 2006. Vital Images encourages you to consider all of these risks, uncertainties and other factors carefully in evaluating the forward-looking statements contained in this release. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this release. The forward-looking statements made in this release are made only as of the date of this release, and the company undertakes no obligation to update them to reflect subsequent events or circumstances.

    Vital Images, Inc.

    CONTACT: Michael H. Carrel, Chief Operating Officer and Chief Financial
    Officer of Vital Images, Inc., +1-952-487-9500; or Nancy A. Johnson,
    +1-612-455-1745, njohnson@psbpr.com, or Marian Briggs, +1-612-455-1742,
    mbriggs@psbpr.com, both of PADILLA SPEER BEARDSLEY, for Vital Images, Inc.

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




    Anaren Reports 1st Quarter Results

    SYRACUSE, N.Y., Nov. 1 /PRNewswire-FirstCall/ -- Anaren, Inc. today reported net sales for the fiscal 2008 first quarter ended September 30, 2007 of $32.1 million, up 6.2% from the first quarter of last year.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO )

    Net income for the first quarter of fiscal 2008 was $2.7 million, or $0.17 per diluted share, down from $3.8 million, or $0.21 per diluted share for the first quarter of last year. Net income for the quarter included $0.04 per diluted share in stock based compensation expense. Excluding stock based compensation expense, net income for the first quarter of fiscal 2008 was $3.4 million, or $0.21 per diluted share compared to $4.4 million, or $0.25 per share for the first quarter of fiscal 2007.

    The effective tax rate for the first quarter of fiscal 2008 was 22.9%, compared to 24.9% for the first quarter of fiscal 2007.

    Operating income for the first quarter of fiscal 2008 was $2.8 million, or 8.7% of net sales, down from $4.1 million, or 13.6% of net sales for the first quarter of last year. Operating income for the first quarter of fiscal 2008 included $896,000 of stock based compensation expense compared to $830,000 of stock based compensation expense for the first quarter of fiscal 2007. Excluding stock based compensation expense, operating income for the first quarter of fiscal 2008 was $3.7 million, or 11.5% of net sales compared to $4.9 million, or 16.4% of net sales for the first quarter of fiscal 2007.

    Lawrence A. Sala, Anaren's President and CEO said, "Despite the growth in net sales from the same quarter of last year, profit margins declined as projected, largely due to the change in product mix." Mr. Sala added, "We continue to pursue numerous new wireless infrastructure custom assembly opportunities. In addition, strong Space & Defense Group new orders for the quarter resulted in record order backlog for the group."

    Balance Sheet

    During the first quarter, the Company generated $1.5 million in operating cash flow and used $12.3 million to repurchase 864,000 shares of its common stock. Expenditures for capital additions in the first quarter were $4.3 million driven primarily by the expansion and renovation of the Company's East Syracuse, New York manufacturing facility and included $1.5 million in payments for fourth quarter 2007 fixed asset additions included in accounts payable at June 30, 2007. Funds needed for stock repurchases and capital expenditures in excess of funds generated by operations came from maturities of the Company's investments. Cash, cash equivalents and marketable debt securities at September 30, 2007 were $59.8 million.

    Wireless Group

    Wireless Group net sales for the quarter were $21.1 million, up 6.4% from the first quarter of fiscal 2007. Overall wireless infrastructure demand remained relatively stable throughout the quarter. However, the Company experienced an increase in the number of new custom assembly and standard component opportunities for wireless infrastructure applications. Sales of consumer component products were $1.0 million for the quarter, down 50% from the first quarter of last year due to a significant decline in demand from our largest consumer component customer. The Group continued to capture new consumer component design wins for WLAN and satellite television applications during the quarter.

    Customers that generated greater than 10% of Wireless Group net sales for the quarter were Nokia and Richardson.

    Space & Defense Group

    Space & Defense Group net sales for the quarter were $11.0 million, up 5.9% from the first quarter of fiscal 2007. New orders for the quarter totaled $19.2 million and included contracts for Radar Subassemblies and Passive Ranging Subsystems (PRSS) as well as the finalization of the previously announced Globalstar II contract. New product and technology development activities are focused on high performance microwave substrates for airborne and ground based radar applications.

    Space & Defense backlog at September 30, 2007 was a record $64.2 million. Non-GAAP Measurements

    Non-GAAP results reported in this release, which are a supplement to financial results based on GAAP, exclude charges for stock based compensation. The Company believes these non-GAAP financial measures provide useful information to both management and investors to help understand and compare business trends among reporting periods on a consistent basis. Additionally, these non-GAAP financial measurements are one of the primary indicators management uses for planning and forecasting in future periods. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with accounting principles generally accepted in the United States.

    Outlook

    For the second quarter of fiscal 2008, we expect an increase in sales for the Space & Defense segment, a decline in demand for wireless infrastructure products, and comparable demand for consumer component products. As a result, we expect net sales to be in the range of $29.0 - $32.0 million for the second quarter of fiscal 2008. With an anticipated tax rate of approximately 25%, an expected stock based compensation expense of approximately $0.04 per diluted share, and a more favorable overall product mix, we expect net earnings per diluted share to be in the range of $0.14-$0.17 for the second quarter.

    Forward-Looking Statements

    The statements contained in this news release which are not historical information are "forward-looking statements". These, and other forward- looking statements, are subject to business and economic risks and uncertainties that could cause actual results to differ materially from those discussed. The risks and uncertainties described below are not the only risks and uncertainties facing our Company. Additional risks and uncertainties not presently known to us or that are currently deemed immaterial may also impair our business operations. If any of the following risks actually occur, our business could be adversely affected, and the trading price of our common stock could decline, and you may lose all or part of your investment.

    On October 31, 2007, the Company filed amended Quarterly Reports on Form 10-Q/A restating the Company's consolidated condensed financial statements for the periods ending December 31, 2006 and March 31, 2007. The Company cannot predict the reaction to the filing of these Amended Reports and if adverse, the market price of the Company's stock could decline.

    Other known factors include, but are not limited to: the Company's ability to timely ramp up to meet some of our customers' increased demands; unanticipated delays in successfully completing customer orders within contractually required timeframes; unanticipated penalties resulting from failure to meet contractually imposed delivery schedules; unanticipated costs and damages resulting from replacement of products found to include latent defects; increased pricing pressure from our customers; decreased capital expenditures by wireless service providers; the possibility that the Company may be unable to successfully execute its business strategies or achieve its operating objectives, generate revenue growth or achieve profitability expectations; successfully securing new design wins from our OEM customers, reliance on a limited number of key component suppliers, unpredictable difficulties or delays in the development of new products; order cancellations or extended postponements; the risks associated with any technological shifts away from the Company's technologies and core competencies; unanticipated impairments of assets including investment values and goodwill; diversion of defense spending away from the Company's products and or technologies due to on-going military operations; and litigation involving antitrust, intellectual property, environmental, product warranty, product liability, and other issues. You are encouraged to review Anaren's 2007 Annual Report, Anaren's Form 10-K for the fiscal year ended June 30, 2007 and exhibits to those Reports filed with the Securities and Exchange Commission to learn more about the various risks and uncertainties facing Anaren's business and their potential impact on Anaren's revenue, earnings and stock price. Unless required by law, Anaren disclaims any obligation to update or revise any forward-looking statement.

    Conference Call

    Anaren will host a live teleconference, open to the public, on the Anaren Investor Info, Live Webcast Web Site (http://www.anaren.com/) and ccbn.com at http://www.streetevents.com/ on Thursday, November 1 at 5:00 p.m. EDT. A replay of the conference call will be available at 8:00 p.m. (EDT) beginning November 1, 2007 through midnight November 6, 2007. To listen to the replay, interested parties may dial in the U.S. at 1-888-203-1112 and international at 1-719-457-0820. The access code is 9415886. If you are unable to access the Live Webcast, the dial in number for the U.S. is 1-877-795-3613 and International is 1-719-325-4804.

    Company Background

    Anaren designs, manufactures and sells complex microwave components and subsystems for the wireless communications, satellite communications and defense electronics markets. For more information on Anaren's products, visit our Web site at http://www.anaren.com/.

    Anaren, Inc. Consolidated Condensed Statements of Income (Unaudited) Three Months Ended Sept. 30, 2007 Sept. 30, 2006 Sales $32,090,192 $30,203,110 Cost of sales 21,571,206 19,363,778 Gross profit 10,518,986 10,839,332 32.8% 35.9% Operating expenses: Marketing 1,757,367 1,812,706 Research and development 2,603,318 2,138,185 General and administrative 3,362,244 2,768,226 Total operating expenses 7,722,929 6,719,117 Operating income 2,796,057 4,120,215 8.7% 13.6% Other income (expense) Other income, primarily interest 750,043 896,606 Interest expense (36,636) (6,143) Total other income (expense) 713,407 890,463 Income before income taxes 3,509,464 5,010,678 Income taxes 804,000 1,250,000 Net income $2,705,464 $3,760,678 8.4% 12.5% Basic earnings per share $0.17 $0.21 Diluted earnings per share $0.17 $0.21 Weighted average common shares outstanding Basic 16,042,333 17,492,157 Diluted 16,365,305 17,975,795 Anaren, Inc. Consolidated Condensed Balance Sheets (Unaudited) Sept. 30, 2007 June 30, 2007 Assets: Cash, cash equivalents and short-term investments $35,634,067 $43,014,064 Accounts receivable, net 20,487,741 19,768,701 Other receivables 2,146,543 1,606,093 Inventories 25,575,943 24,331,597 Other current assets 2,757,445 3,067,019 Total current assets 86,601,739 91,787,474 Net property, plant and equipment 38,740,683 37,091,786 Securities held to maturity 24,122,451 31,540,247 Goodwill 30,715,861 30,715,861 Other assets 28,890 68,947 Total assets $180,209,624 $191,204,315 Liabilities and stockholders' equity Liabilities: Accounts payable $9,528,343 $11,717,120 Accrued expenses 1,381,149 3,907,652 Customer advance payments 2,160,266 1,318,812 Other liabilities 1,687,917 1,985,856 Total current liabilities 14,757,675 18,929,440 Other non-current liabilities 6,935,332 5,480,727 Total liabilities 21,693,007 24,410,167 Stockholders' equity: Retained earnings 88,012,277 85,306,813 Common stock and additional paid-in capital 189,340,431 188,149,232 Accumulated comprehensive loss (871,478) (984,640) Less cost of treasury stock (117,964,613) (105,677,257) Total stockholders' equity 158,516,617 166,794,148 Total liabilities and stockholders' equity $180,209,624 $191,204,315 Anaren, Inc. Reconciliation of GAAP and Proforma Gross Profit, Operating Income, and Earnings Per Share (Unaudited) Three Months Ended Sept. 30, 2007 Sept. 30, 2006 Sales $32,090,192 $30,203,110 GAAP gross profit 10,518,986 10,839,332 % of sales 32.8% 35.9% Stock based compensation expense 214,906 277,043 Proforma gross profit $10,733,892 $11,116,375 % of sales 33.4% 36.8% GAAP operating income $2,796,057 $4,120,215 % of sales 8.7% 13.6% Stock based compensation expense 896,138 829,666 Proforma operating income $3,692,195 $4,949,881 % of sales 11.5% 16.4% GAAP net income 2,705,464 3,760,678 % of sales 8.4% 12.5% Stock based compensation expense, net of tax 673,138 680,666 Proforma net income $3,378,602 $4,441,344 % of sales 10.5% 14.7% Diluted earnings per share: GAAP net income $0.17 $0.21 Stock based compensation expense, net of tax 0.04 0.04 Proforma net income per share $0.21 $0.25 Shares used in computing earnings per share: Diluted 16,365,305 17,975,795 ANAREN, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Cash Flows (Unaudited) Three Months Ended Sept. 30, 2007 Cash flows from operating activities: Net income $2,705,464 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization of plant and equipment 1,562,685 Amortization 189,208 Provision for receivables allowances 2,911 Deferred income taxes 70,000 Stock based compensation 881,081 Receivables (721,951) Inventories (1,244,346) Accounts payable (1,126,520) Other assets and liabilities (826,702) Net cash used in operating activities 1,491,830 Cash flows from investing activities: Capital expenditures (4,273,839) Net maturities of marketable debt and equity securities 14,113,302 Net cash provided by investing activities 9,839,463 Cash flows from financing activities: Stock options exercised 286,467 Tax benefit from exercise of stock options 23,651 Purchase of treasury stock (12,287,356) Net cash used in financing activities (11,977,238) Effect of exchange rates 113,162 Net decrease in cash and cash equivalents (532,783) Cash and cash equivalents at beginning of period 7,912,276 Cash and cash equivalents at end of period $7,379,493

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Anaren, Inc.

    CONTACT: Joseph E. Porcello, VP of Finance, Anaren, Inc.,
    +1-315-362-0514

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




    eResearchTechnology Reports Third Quarter 2007 ResultsNet Income Increasing by 50% with EPS of $0.07 vs. $0.05 in Q3 2006Q3 Revenues Increase to $24.0 Million and New Bookings Increase to $35.5 Million

    PHILADELPHIA, Nov. 1 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc. (eRT), , a leading provider of centralized ECG, eClinical technology, ePRO and other services to the pharmaceutical, biotechnology, medical device and related industries, announced today results for the third quarter of 2007 and nine-month period ended September 30, 2007.

    Highlights of the Third Quarter were: -- ECG volume was up 40% in the third quarter of 2007 compared to the same quarter a year ago; -- $35.5 million in new bookings of contracts and work orders, an increase of 40.3% from the same quarter a year ago; -- Seven new Thorough ECG study agreements were signed, valued at approximately $7.2 million, translating into an average Thorough ECG study size of more than $1 million. -- Backlog increased to $115.0 million as of September 30, 2007. An increase of 23.4% from the same quarter a year ago. The annualized cancellation rate for the quarter was 13.4%. -- The book-to-bill ratio for the third quarter was 1.5, an increase from the previous quarter's book-to-bill ratio of 1.4 and from the book to bill ratio of 1.1 for the third quarter of 2006. -- The newly-formed Consulting Practice recorded significant new sales and bookings; and ePro, which was initiated in June of this year, recorded its first sales bookings.

    The Company reported revenues of $24.0 million for the third quarter of 2007, a 7.9% increase from $22.2 million in the third quarter of 2006, which included $1.2 million for the ending of a franchise agreement during the same period in 2006. The Company reported net income of $3.7 million for the third quarter of 2007, a 50.3% increase from $2.5 million in the third quarter of 2006. This resulted in net income per diluted share of $0.07 in the third quarter of 2007, compared to $0.05 in the third quarter of 2006.

    The Company's gross margin percentage in the third quarter of 2007 was 48.0% compared to 49.2% in the third quarter of 2006. As previously noted, the third-quarter of 2006 included revenue of $1.2 million for the ending of a franchise agreement; without which the third quarter of 2006 gross margin would have been 46.3%. Pre-tax income margin in the third quarter of 2007 was 24.8% compared to 17.4% in the third quarter of 2006. The Company's tax rate for the third quarter of 2007 was 37.7% compared to 36.3% in the third quarter of 2006.

    For the nine months ended September 30, 2007, the Company reported revenues of $69.8 million compared to $66.4 million for the nine months ended September 30, 2006. The Company reported net income of $10.1 million, or $0.20 per diluted share, for the nine months ended September 30, 2007 compared to net income of $6.1 million, or $0.12 per diluted share, for the nine months ended September 30, 2006.

    The Company's gross margin percentage for the nine months ended September 30, 2007 was 49.9% compared to 49.1% for the nine months ended September 30, 2006. Pre-tax income margin for the nine months ended September 30, 2007 was 23.5% compared to 14.9% for the nine months ended September 30, 2006. The Company's tax rate was 38.5% for the nine months ended September 30, 2007 compared to 38.6% for the nine months ended September 30, 2006.

    eRT ended the quarter with $71.0 million in cash, cash equivalents and investments, an increase of $7.6 million from $63.4 million at the end of the second quarter of 2007.

    "We are pleased with our third quarter results." said Dr. Michael McKelvey, President and CEO of eRT. "Our Company demonstrated strong growth during the quarter, led by our core cardiac safety business. Both our volume and new bookings growth of 40% in the quarter were impressive. The third quarter is a seasonally slow period due to vacations and the tendency of sponsors to not initiate Thorough ECG trials in the summer months. We were able to leverage our SG&A structure to produce net income growth of 50.3% compared to the same quarter a year ago; year to date our net income is up 66.4% from the previous year. Our earnings per diluted share have already exceeded that attained in all of 2006."

    Dr. McKelvey continued, "The 23.4% growth in our backlog to $115.0 million from a year ago, combined with a continued robust sales environment and stabilizing prices shows a solid market demand for our services. We were particularly pleased with the strong showing of our bookings, which showed the fourth quarter in a row of growth quarter over quarter, and the growth of our newly-formed consulting business. In addition, we are working more closely with some of our key CRO partners in a number of different areas. Our operations team is executing very well and we continue to make good progress on the expense line; while we continue to invest in eClinical, Consulting and ePRO. The net effect of this is our achievement of pre-tax margins of 24.8% for the third quarter of 2007."

    2007 Guidance

    The Company issued guidance for the fourth quarter of 2007. eRT anticipates revenues of between $27 million and $28.5 million and net income per diluted share of $0.09 to $0.11 for the fourth quarter ending December 31, 2007. For the full year ending December 31, 2007, management anticipates revenues will be around the midpoint of the previously issued guidance of $95 million and $103 million. Management raised its anticipated net income per diluted share to $0.29 to $0.31 from the previously issued guidance of the high end of the range of $0.25 to $0.30.

    Conference Call

    Dr. McKelvey and Richard Baron, the Company's Chief Financial Officer, will hold a conference call to discuss these results. The conference call will take place at 5:00 p.m. EDT on November 1, 2007. For the conference call interested participants should dial 866-700-7173 when calling within the United States or 617-213-8838 when calling internationally along with the pass code 33801742. There will be a playback available through 11:59 p.m. (Eastern) on November 8, 2007. To listen to the playback, please call 888-286-8010 when calling within the United States or 617-801-6888 when calling internationally. Please use pass code 94063678 for the replay.

    This call is being webcast by Thomson Financial and can be accessed at eRT's web site at http://www.ert.com/. The webcast may also be accessed at http://www.streetevents.com/. The webcast can be accessed until November 1,2008 on either site.

    About eResearchTechnology, Inc.

    Based in Philadelphia, PA, eResearchTechnology, Inc. (http://www.ert.com/) is a provider of technology and services to the pharmaceutical, biotechnology and medical device industries on a global basis. The Company is a market leader in providing centralized core-diagnostic electrocardiographic (ECG) technology and services to evaluate cardiac safety in clinical development. The Company is also a leader in providing technology and services to streamline the clinical trials process by enabling its customers to automate the collection, analysis, and distribution of clinical data in all phases of clinical development.

    Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, including, but not limited to, 2007 financial guidance, involve a number of risks and uncertainties such as the Company's ability to obtain new contracts and accurately estimate net revenues due to uncertain regulatory guidance, variability in size, scope and duration of projects, and internal issues at the sponsoring client, competitive factors, technological development, and market demand. As a result, actual results may differ materially from any financial outlooks stated herein. Further information on potential factors that could affect the Company's financial results can be found in the Company's Reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

    Contact: Richard Baron eResearchTechnology, Inc. 215-282-5566 Robert East Westwicke Partners, LLC 410-321-9652 eResearchTechnology, Inc. and Subsidiaries Consolidated Statements of Operations (in thousands, except per share amounts) (unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2006 2007 2006 2007 Net revenues: Licenses $602 $651 $2,336 $2,013 Services 14,493 16,453 42,040 47,982 Site support 7,131 6,867 22,067 19,794 Total net revenues 22,226 23,971 66,443 69,789 Costs of revenues: Cost of licenses 75 70 228 199 Cost of services 6,674 7,567 19,130 21,590 Cost of site support 4,548 4,831 14,492 13,143 Total costs of revenues 11,297 12,468 33,850 34,932 Gross margin 10,929 11,503 32,593 34,857 Operating expenses: Selling and marketing 2,471 2,487 8,687 8,079 General and administrative 3,945 2,527 11,758 8,915 Research and development 980 1,128 3,328 3,155 Total operating expenses 7,396 6,142 23,773 20,149 Operating income 3,533 5,361 8,820 14,708 Other income, net 339 584 1,067 1,703 Income before income taxes 3,872 5,945 9,887 16,411 Income tax provision 1,407 2,239 3,821 6,318 Net income $2,465 $3,706 $6,066 $10,093 Basic net income per share $0.05 $0.07 $0.12 $0.20 Diluted net income per share $0.05 $0.07 $0.12 $0.20 Shares used to calculate basic net income per share 49,540 50,594 49,302 50,430 Shares used to calculate diluted net income per share 51,376 51,829 51,525 51,681 eResearchTechnology, Inc. and Subsidiaries Consolidated Balance Sheets (in thousands, except share and per share amounts) December 31, September 30, 2006 2007 ASSETS (unaudited) Current assets: Cash and cash equivalents $15,497 $27,198 Short-term investments 41,416 43,591 Accounts receivable, net 17,866 21,790 Prepaid income taxes 2,819 754 Prepaid expenses and other 2,761 3,613 Deferred income taxes 912 913 Total current assets 81,271 97,859 Property and equipment, net 31,129 33,127 Goodwill 1,212 1,212 Long-term investments 928 244 Other assets 524 311 Total assets $115,064 $132,753 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $4,360 $2,505 Accrued expenses 3,445 4,968 Income taxes payable 781 966 Current portion of capital lease obligations 40 1,621 Deferred revenues 11,325 12,415 Total current liabilities 19,951 22,475 Capital lease obligations, excluding current portion - 66 Deferred tax liabilities 1,491 2,203 Total liabilities 21,442 24,744 Stockholders' equity: Preferred stock-$10.00 par value, 500,000 shares authorized, none issued and outstanding - - Common stock-$.01 par value, 175,000,000 shares authorized, 58,356,546 and 58,854,254 shares issued, respectively 584 589 Additional paid-in capital 83,493 87,331 Accumulated other comprehensive income 1,510 1,961 Retained earnings 70,225 80,318 Treasury stock, 8,247,119 shares at cost (62,190) (62,190) Total stockholders' equity 93,622 108,009 Total liabilities and stockholders' equity $115,064 $132,753 eResearchTechnology, Inc. and Subsidiaries Consolidated Statements of Cash Flows (in thousands) (unaudited) Nine Months Ended September 30, 2006 2007 Operating activities: Net income $6,066 $10,093 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 8,537 11,066 Cost of sales of equipment 3,483 1,004 Non-cash share-based compensation 2,319 1,576 Changes in operating assets and liabilities: Accounts receivable 44 (3,777) Prepaid expenses and other (452) (595) Accounts payable 1,966 (1,888) Accrued expenses (1,156) 1,500 Income taxes (3,062) 2,749 Deferred revenues (8,744) 995 Net cash provided by operating activities 9,001 22,723 Investing activities: Purchases of property and equipment (12,269) (10,066) Purchases of investments (24,516) (50,108) Proceeds from sales of investments 21,040 48,617 Net cash used in investing activities (15,745) (11,557) Financing activities: Repayment of capital lease obligations (114) (1,962) Proceeds from exercise of stock options 3,548 1,600 Stock option income tax benefit 3,702 628 Repurchase of common stock for treasury (5,803) - Net cash provided by financing activities 1,333 266 Effect of exchange rate changes on cash 244 269 Net (decrease) increase in cash and cash equivalents (5,167) 11,701 Cash and cash equivalents, beginning of period 18,432 15,497 Cash and cash equivalents, end of period $13,265 $27,198 eResearchTechnology, Inc. and Subsidiaries Reconciliation of GAAP to Non-GAAP Information For the Three and Nine Months Ended September 30, 2006 and 2007 (in thousands) (unaudited) Three Months Nine Months Ended September 30 Ended September 30 2006 2007 2006 2007 Gross margin: GAAP gross margin $10,929 $11,503 $32,593 $34,857 - - - - Non-GAAP income gross margin $10,929 $11,503 $32,593 $34,857 Reconciliation of GAAP to Non-GAAP operating income: GAAP operating income $3,533 $5,361 $8,820 $14,708 Cost of efficiency improvements - - - 676 CEO and CFO transition 714 - 1,914 - Settlement of contract dispute - - 646 - Subtotal of reconciling items 714 - 2,560 676 Non-GAAP operating income $4,247 $5,361 $11,380 $15,384 Reconciliation of GAAP to Non-GAAP net income and net income per diluted share: GAAP net income $2,465 $3,706 $6,066 $10,093 Cost of efficiency improvements - - - 412 CEO and CEO transition 440 - 1,158 - Settlement of contract dispute - - 391 - Subtotal of reconciling items 440 - 1,549 412 Non-GAAP net income $2,905 $3,706 $7,615 $10,505 GAAP net income per diluted share $0.05 $0.07 $0.12 $0.20 Non-GAAP net income per diluted share $0.06 $0.07 $0.15 $0.20

    eResearchTechnology, Inc.

    CONTACT: Richard Baron of eResearchTechnology, Inc., +1-215-282-5566; or
    Robert East of Westwicke Partners, LLC, +1-410-321-9652, for
    eResearchTechnology, Inc.

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




    Honeywell to Present at Goldman Sachs Global Industrials Conference 2007

    MORRIS TOWNSHIP, N.J., Nov. 1 /PRNewswire-FirstCall/ -- Honeywell today announced that Roger Fradin, President and CEO, Automation and Control Solutions, will be presenting at the Goldman Sachs Global Industrials Conference 2007 in New York, New York, on Thursday, November 8, 2007 from 9:30 to 10:15 a.m. EST.

    A real-time audio webcast of the presentation will be posted to http://www.honeywell.com/investor prior to the presentation. A replay of the webcast will be available following the presentation at the same link listed above for 30 days following the presentation.

    Honeywell International is a $34 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London and Chicago Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit http://www.honeywell.com/.

    Contacts: Media Investor Relations Robert C. Ferris Murray Grainger (973) 455-3388 (973) 455-2222 rob.ferris@honeywell.com murray.grainger@honeywell.com

    Honeywell

    CONTACT: Media: Robert C. Ferris, +1-973-455-3388,
    rob.ferris@honeywell.com; or Investor Relations: Murray Grainger,
    +1-973-455-2222, murray.grainger@honeywell.com both of Honeywell

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




    CyberSource Announces Completion of Authorize.Net AcquisitionConference call to discuss Q4 guidance for combined entity scheduled for November 8

    MOUNTAIN VIEW, Calif. and MARLBOROUGH, Mass., Nov. 1 /PRNewswire-FirstCall/ -- CyberSource Corporation, , a leading provider of electronic payment and risk management solutions, today announced that it has completed the acquisition of Authorize.Net Holdings, Inc. of Marlborough, Massachusetts. CyberSource first announced an agreement to acquire Authorize.Net Holdings on June 18, 2007. Requisite stockholder approvals have been obtained and all regulatory requirements have been met.

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

    The acquisition was a stock and cash transaction valued at approximately $662 million, based on the closing price of CyberSource common stock on October 31, 2007. Under the terms of the merger agreement, Authorize.Net stockholders will receive 1.1611 shares of CyberSource common stock for every share of Authorize.Net common stock. Additionally, Authorize.Net stockholders will receive a pro-rata share of $125 million, or approximately $4.42 per share, in the form of a cash payment.

    As a result of the acquisition, CyberSource now has approximately 217,000 customers, ranging in size from home-based businesses to some of the largest enterprises in the world.

    "Consummation of this deal affirms our commitment to becoming the world's premier payment management company," said Bill McKiernan, CyberSource chairman and chief executive officer. "CyberSource has long been a leader in bringing eCommerce to mid-sized and larger companies; Authorize.Net is a leader in providing similar services to small businesses. The combination of our two companies helps secure our leadership position in eCommerce and gives us more resources to bring innovative payment solutions to our customers and partners."

    "Authorize.Net has been an exceptional success story over its 11 year history," said Robert E. Donahue, Authorize.Net Holdings, Inc. president and chief executive officer, "rewarding our customers and stockholders with exceptional value. I believe the additional resources and talent that will come as part of our joining forces with CyberSource will yield an even more competitive entity, fully prepared to lead eCommerce into the decades ahead."

    CyberSource will hold a conference call to discuss financial guidance for the fourth quarter of 2007 after the close of regular market trading on Thursday, November 8th, 2007. Bill McKiernan, CyberSource's chairman and CEO and Steve Pellizzer, CFO will lead the call. The conference call will take place at 4:30 p.m. Eastern (1:30 p.m. Pacific) and can be accessed by either of the following methods:

    Live conference call (888) 585-4496 (U.S. and Canada), (706) 634-9580 (local and international). The call's conference ID number is: 22806948. A taped replay of this call will be available through December 8th 2007. The dial-in numbers for the taped replay are: 800-642-1687 (U.S.) 706-645-9291 (local and international). Conference ID is as above.

    Live web cast -- http://www.cybersource.com/cgi-bin/ir.pl A replay of this web cast will remain available at this location through December 8th, 2007.

    About CyberSource

    CyberSource Corporation is a leading provider of electronic payment and risk management solutions. CyberSource solutions enable electronic payment processing for Web, call center, and POS environments. CyberSource also offers industry leading risk management solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimizes commerce transaction processing systems. Approximately 217,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average. The company is headquartered in Mountain View, California, and has sales and service offices in Japan, the United Kingdom, and other locations in the United States. For more information, please visit CyberSource's web site at http://www.cybersource.com/ or email info@cybersource.com.

    "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995

    Statements in this release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding the company's expectations, objectives, anticipations, plans, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements in this release include, without limitation, statements regarding: (1) the leadership positions of each company in its respective markets; (2) combination of the two companies helping to secure leadership positions in eCommerce and giving the companies more resources to bring innovative payment solutions to customers and partners; (3) CyberSource becoming an even more competitive entity; and, (4) the company being fully prepared to lead eCommerce into the decades ahead. Factors that could cause actual results to differ materially from the forward looking statements include risks and uncertainties such as changes in Generally Accepted Accounting Principles and the application thereof, changes in customer needs, new products and services offerings by the company and its competitors, any unforeseen event or any unforeseen system failures, and other risks indicated in our filings with the Securities and Exchange Commission. It is important to note that actual outcomes could differ materially from those in such forward-looking statements. Readers should also refer to the documents filed by CyberSource with the Securities and Exchange Commission, specifically the annual report filed on Form 10-K for the year ended December 31, 2006, filed with the Securities and Exchange Commission on March 13, 2007, and our quarterly reports filed on Form 10-Q from time to time, all of which identify important risk factors.

    (C) 2007 CyberSource Corporation. All rights reserved. CyberSource is a registered trademark in the U.S. and other countries. Authorize.Net is a registered trademark in the U.S. All other brands and product names are trademarks or registered trademarks of their respective companies.

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

    CONTACT: Bruce Frymire of CyberSource Corporation, +1-650-965-6042,
    bfrymire@cybersource.com

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




    Harris Corporation First Quarter Revenue Increases 30%; Revenue Growth Posted by All Four Operating SegmentsCompany Increases Fiscal Year 2008 EPS Guidance

    MELBOURNE, Fla., Nov. 1 /PRNewswire-FirstCall/ -- Harris Corporation reported that revenue for the first quarter of fiscal year 2008 increased 30 percent to $1.2 billion, compared to $947 million in the prior- year quarter. Organic revenue growth was 13 percent. Orders in the first quarter of fiscal 2008 were $1.4 billion, an increase of 24 percent compared to the prior-year quarter.

    Net income was $100 million, or $.73 per diluted share, compared to $83.9 million, or $.60 per diluted share, in the prior-year quarter. Non-GAAP net income, excluding acquisition-related costs, was $104 million, or $.76 per diluted share, compared to $96.8 million, or $.69 per diluted share, in the prior-year quarter. The prior-year quarter benefited from a favorable tax settlement of $12 million, or $.08 per diluted share. A reconciliation of GAAP to non-GAAP financial measures is provided on Tables 5 and 6 along with accompanying notes.

    "Excellent first quarter growth included strong sales of our Falcon(R) tactical radio systems and organic growth across the Government Communications Systems segment in Civil and National Intelligence Programs, and IT Services," said Howard L. Lance, chairman, president, and chief executive officer. "Revenue in the quarter also benefited from the June 2007 acquisition of Multimax Incorporated and from Harris Stratex Networks, Inc., formed in January 2007. Orders were significantly higher than revenue, providing solid momentum for continued growth throughout fiscal year 2008."

    Defense Communications and Electronics

    First quarter revenue in the Defense Communications and Electronics segment was $429 million, an increase of 13 percent compared to the prior-year quarter. Operating income increased 21 percent to $132 million.

    RF Communications Division revenue increased 20 percent compared to the prior-year quarter. Tactical radio demand was strong in both the U.S. government and international markets and across all product lines, including Falcon II HF (high-frequency) and multiband radios, and Falcon III handheld radios and vehicular systems. RF Communications backlog increased in the first quarter to about $1 billion.

    Harris Falcon II and Falcon III radios are being installed in new Mine Resistant Ambush Protected (MRAP) vehicles for the U.S. Army, Navy and Marine Corps. During the quarter, Harris received $26 million in additional MRAP orders from the U.S. Navy. Delivery of MRAP vehicles continues to be a priority for the Pentagon.

    Also during the quarter, Harris received a $104 million order for Falcon II HF radios and a $42 million order for Falcon II multiband radios from the U.S. Army. The company received $68 million in orders from the U.S. Navy for Falcon II HF and multiband radios and Falcon III handheld radios. Harris received a $25 million order to provide the U.S. Marine Corps with remote control systems that allow radio use at a distance up to 3.5 kilometers.

    In the international market, Harris was awarded a $76 million contract to supply the government of Pakistan with Falcon II HF radios. Orders were also received in the quarter from the governments of Algeria, Kazakhstan, Saudi Arabia, and the United Arab Emirates Royal Guards.

    In the Defense Programs business, revenue declined 3 percent. Year-over- year revenue increased on a number of major communications programs, including the CDL (Common Data Link) Hawklink program for the U.S. Navy, the U.S. Army WIN-T (Warfighter Information Network-Tactical) program, the LMST (Lightweight Multiband Satellite Terminal) program for the U.S. Marine Corps, and the MIDS (Multifunctional Information Distribution System) terminals program for Department of Defense aircraft. Aircraft electronics revenue declined in the quarter, primarily as a result of the transition of the F-35 Lightning II program from the development phase to the low-rate initial production phase.

    Government Communications Systems

    First quarter revenue in the Government Communications Systems segment was $490 million, an increase of 43 percent compared to the prior-year quarter. Organic revenue increased 16 percent, excluding the impact of the acquisition of Multimax. The segment includes Civil and National Intelligence Programs, and IT Services.

    Revenue drivers in the segment included the continued rollout of long-term systems integration contracts, including the FDCA (Field Data Collection Automation) program for the U.S. Census Bureau, the FTI (FAA Telecommunications Infrastructure) program, and equipment upgrades for the FAA VSCS (Voice Switching and Control System) program. The segment also had growth in classified development programs for National Intelligence customers and the Patriot IT services program for the NRO (National Reconnaissance Office). Segment revenue also benefited from the NMCI (Navy/Marine Corps Intranet) program and the NETCENTS program for the U.S. Air Force, both part of the Multimax acquisition.

    Operating income for the segment was $43 million in the first quarter. Operating income benefited from strong year-over-year organic revenue growth, the Multimax acquisition, and the successful re-negotiation of pricing on an IT services contract. Income was negatively impacted by additional schedule and cost overruns on commercial satellite reflector programs.

    During the quarter, Harris was among a number of companies awarded the 5- year ALLIANT Government-Wide Acquisition Contract by the U.S. General Services Administration. ALLIANT will allow Harris to provide integrated IT product and services solutions to support a number of federal agencies. Also during the quarter, Harris won a $25 million IT services contract with the U.S. Navy, an $11 million program with NOAA (National Oceanic and Atmospheric Administration), and an $8 million follow-on IT services program with the U.S. Army.

    Broadcast Communications

    First quarter revenue in the Broadcast Communications segment was $147 million, an increase of 5 percent compared to the prior-year quarter. Operating income was $10 million, an increase of 18 percent compared to the prior-year quarter. The segment is benefiting from cost-reduction actions completed in the prior year.

    Double-digit growth continued in the Video Infrastructure & Digital Media business, which provides systems for routing, master control, networking, test and measurement, multi-image processing, servers and graphics.

    Revenue in Software Systems was slightly higher than the prior-year quarter, while revenue in Transmission Systems declined, due to lower international transmitter sales and the exit from the radio resale business, which occurred during the fourth quarter of fiscal 2007. Sales of digital transmitters improved, as broadcasters prepared for the February 2009 FCC- mandated transition to digital broadcast technology.

    The Broadcast Communications segment continued to benefit from the Harris ONE(TM) initiative to provide interoperable, end-to-end workflow solutions that span the entire broadcast delivery chain. Harris integrated products are focused on the industry's transition to digital and high-definition services and on emerging media business and advertising models.

    Orders in the first quarter were greater than revenue. Major orders included H-Class(TM) media software for Sony Entertainment Television, OSi- Traffic(TM) systems for Nexstar Broadcasting Group, NEXIO(TM) video servers for the American Forces Network and PBS (Public Broadcasting System), a significant order for digital signage infrastructure from the Venetian Hotel Macao, and an order from the Saudi Arabia Ministry of Culture and Information for products that span the company's high-definition portfolio.

    The company shipped its first CENTRIO(TM) multiviewers in the quarter. CENTRIO, an award-winning multi-image processor, has gained early market recognition as a solution for streamlining complex, large-system, multi- display monitoring applications. Orders for the new system have been very strong.

    Harris Stratex Networks, Inc.

    First quarter revenue for the Harris Stratex Networks segment was $172 million, an increase of 7 percent compared to the prior-year quarter on a pro forma, non-GAAP basis (as if the former Harris Microwave Communications segment and Stratex Networks had been combined since the beginning of fiscal year 2007). The segment reported a first quarter operating loss of $1 million. Non-GAAP operating income, excluding integration costs associated with the business combination, was $7 million and was flat with the prior-year quarter. The segment's higher mix of lower margin, low-capacity radio shipments dampened operating performance in the quarter.

    Orders in the first quarter were higher than revenue and reflected strong demand for wireless infrastructure systems across North America and international markets.

    Demand continues to be driven by geographic footprint expansion, increased bandwidth requirements to support new services such as 3G and WiMAX, and network hardening and interoperability requirements for public safety. New market demand also is coming from the adoption of IP network technology, as operators converge voice and data networks to provide more advanced, revenue- producing services at lower costs. Harris Stratex Networks' portfolio of products delivers software-scalable systems to achieve capacity migration, broad frequency coverage, and network support for both traditional voice and IP traffic.

    Harris Stratex Networks management will host a conference call and webcast (http://www.harrisstratex.com/) today at 5:30 p.m., Eastern Time, to discuss financial results for their fiscal year first quarter.

    Outlook and Guidance

    Harris increased its non-GAAP earnings guidance for fiscal year 2008 from a range of $3.30 to $3.40 to a new range of $3.35 to $3.45 per diluted share, excluding integration charges related to the acquisition of Multimax and the formation of Harris Stratex Networks. Non-GAAP earnings guidance represents a year-over-year increase of 21 percent compared to non-GAAP earnings for fiscal year 2007. The corresponding fiscal year 2008 GAAP earnings guidance is in a range of $3.28 to $3.38 per diluted share.

    Revenue in fiscal year 2008 also is expected to increase 21 percent above fiscal year 2007. A reconciliation of GAAP to non-GAAP earnings guidance is provided on Table 7 and in the accompanying notes.

    Harris will host a conference call today at 4:30 p.m., Eastern Time, to discuss the above items. Interested individuals are invited to listen to the call by using a dial-in number: (719) 325-4792, access code: 2463742. The conference call also will be broadcast live via the Internet at http://www.harris.com/. A replay of the teleconference will be available beginning at 8:00 p.m., Eastern Time, and will run until midnight, Eastern Time, on Thursday, November 8. To access the replay, please call (719) 457-0820, access code: 2463742. A recording of the call will also be available on the Harris website beginning at 7:00 p.m., Eastern Time, on November 1.

    Harris is an international communications and information technology company serving government, defense and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of over $4 billion and more than 16,000 employees -- including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in- class assured communications(TM) products, systems, and services. Additional information about Harris Corporation is available at http://www.harris.com/.

    Non-GAAP Financial Measures

    This press release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the SEC, including net income and earnings per share for the first quarter of fiscal 2008 excluding the impact of costs associated with our acquisition of Multimax in our Government Communications Systems segment and integration costs associated with the formation of Harris Stratex Networks; and earnings per share guidance for fiscal 2008 also excluding the impact of integration costs associated with the formation of Harris Stratex Networks and the acquisition of Multimax. Harris management believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. Management also believes that these non-GAAP financial measures enhance the ability of investors to analyze Harris business trends and to understand Harris performance. In addition, Harris may utilize non-GAAP financial measures as a guide in its forecasting, budgeting, and long-term planning process and to measure operating performance for some management compensation purposes. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP.

    Attachments: Financial Statements (eight tables). Forward-Looking Statement

    Statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this release include but are not limited to: earnings guidance for fiscal 2008; the potential value of contract awards and potential contract awards; and statements regarding outlook, including expected revenue growth. The Company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. The Company's consolidated results and the forward-looking statements could be affected by many factors, including but not limited to: our participation in markets that are often subject to uncertain economic conditions which makes it difficult to estimate growth in our markets and, as a result, future income and expenditures; our dependence on the U.S. government for a significant portion of our revenues, as the loss of this relationship or a shift in U.S. government funding could have adverse consequences on our future business; potential changes in U.S. government or customer priorities due to program reviews or revisions to strategic objectives, including termination of or potential failure to fund U.S. government contracts; risks inherent with large long-term fixed-price contracts, particularly the ability to contain cost overruns; the performance of critical subcontractors or suppliers; financial and government and regulatory risks relating to international sales and operations, including fluctuations in foreign currency exchange rates and the effectiveness of our currency hedging program; our ability to continue to develop new products that achieve market acceptance; the consequences of future geo-political events, which may affect adversely the markets in which we operate, our ability to insure against risks, our operations or our profitability; strategic acquisitions and the risks and uncertainties related thereto, including our ability to manage and integrate acquired businesses; potential claims that we are infringing the intellectual property rights of third parties; the successful resolution of patent infringement claims and the ultimate outcome of other contingencies, litigation and legal matters; customer credit risk; the fair values of our portfolio of passive investments, which values are subject to significant price volatility or erosion; risks inherent in developing new technologies; changes in our effective tax rate that may have an adverse effect on our results of operations; the impact of the results of Harris Stratex Networks, which may vary significantly and may be difficult to forecast; the potential impact of natural disasters on our significant operations in Florida, California and other locations; general economic conditions in the markets in which we operate; changes in future business conditions that could cause business investments and/or recorded goodwill to become impaired; and our ability to attract and retain key employees. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the SEC. Harris disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

    Table 1 HARRIS CORPORATION FY'08 First Quarter Summary Condensed Consolidated Statement of Income (Unaudited) Quarter Ended Sept. 28, Sept. 29, 2007 2006 (In millions, except per share amounts) Revenue from product sales and services $1,230.50 $946.8 Cost of product sales and services (849.6) (640.9) Engineering, selling and administrative expenses (216.9) (169.4) Non-operating income (loss) 1.7 (18.5) Interest income 2.0 2.4 Interest expense (15.1) (9.8) Income before income taxes and minority interest 152.6 110.6 Income taxes (52.8) (26.7) Minority interest in Harris Stratex Networks, Inc., net of tax 0.4 --- Net income $100.2 $83.9 Net income per common share Basic $0.76 $0.63 Diluted $0.73 $0.60 Cash dividends paid per common share $0.15 $0.11 Basic weighted average shares outstanding 132.6 132.9 Diluted weighted average shares outstanding 137.9 141.7 Table 2 HARRIS CORPORATION FY'08 First Quarter Summary Business Segment Information (Unaudited) Quarter Ended Sept. 28, Sept. 29, 2007 2006 (In millions) Revenue Defense Communications and Electronics $429.20 $380.90 Government Communications Systems 489.9 341.7 Broadcast Communications 146.7 139.8 Harris Stratex Networks 172.3 93.6 Corporate eliminations (7.6) (9.2) $1,230.50 $946.80 Income Before Income Taxes And Minority Interest Segment Operating Income (Loss): Defense Communications and Electronics $131.80 $108.90 Government Communications Systems 42.7 31.6 Broadcast Communications 10.4 8.8 Harris Stratex Networks (1.0) 7.9 Headquarters expense (18.6) (16.4) Corporate eliminations (1.3) (4.3) Non-operating income (loss) 1.7 (18.5) Net interest (13.1) (7.4) $152.60 $110.60 Table 3 HARRIS CORPORATION FY'08 First Quarter Summary CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) Quarter Ended Sept. 28, Sept. 29, 2007 2006 (In millions) Operating Activities Net income $100.2 $83.9 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 41.9 27.3 Non-current deferred income tax 7.0 (7.1) Gain on the sale of securities available-for-sale (2.1) --- Minority interest in Harris Stratex Networks, Inc., net of tax (0.4) --- (Increase) decrease in: Accounts and notes receivable (8.7) (1.2) Inventories (55.4) (31.1) Increase (decrease) in: Accounts payable and accrued expenses (52.1) (43.6) Advance payments and unearned income (4.6) (5.0) Income taxes 18.2 25.0 Other 20.1 6.0 Net cash provided by operating activities 64.1 54.2 Investing Activities Cash paid for acquired businesses (1.5) --- Additions of property, plant and equipment (22.2) (21.7) Additions of capitalized software (10.3) (13.3) Proceeds from the sale of securities available-for-sale 3.1 --- Cash paid for short-term investments available-for-sale (4.0) (7.5) Proceeds from the sale of short-term investments available-for-sale 9.3 120.1 Net cash provided by (used in) investing activities (25.6) 77.6 Financing Activities Proceeds from borrowings 2.2 4.1 Repayment of borrowings (5.9) (5.3) Proceeds from exercise of employee stock options 11.8 4.9 Repurchases of common stock (50.0) (6.9) Cash dividends (20.6) (14.7) Net cash used in financing activities (62.5) (17.9) Effect of exchange rate changes on cash and cash equivalents (0.7) 0.9 Net increase (decrease) in cash and cash equivalents (24.7) 114.8 Cash and cash equivalents, beginning of year 368.3 181.3 Cash and cash equivalents, end of quarter $343.6 $296.1 Supplemental disclosure of noncash investing and financing activities Common stock issued in exchange for 3.5% convertible debentures, due fiscal 2023 $163.5 $--- Table 4 HARRIS CORPORATION FY'08 First Quarter Summary CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) Sept. 28, June 29, 2007 2007 (In millions) Assets Cash and cash equivalents $343.60 $368.30 Short-term investments 15.1 20.4 Marketable equity securities 35.2 40.5 Receivables 758.1 748.5 Inventories 612.2 556.8 Current deferred income taxes 105.9 94.3 Property, plant and equipment 460.7 459.2 Goodwill 1,532.80 1,525.20 Identifiable intangible assets 406.9 417.9 Other assets 180.3 174.9 $4,450.80 $4,406.00 Liabilities and Shareholders' Equity Short-term debt $408.50 $410.00 Accounts payable and accrued expenses 674.7 725.6 Advance payments and unearned income 123.9 128.5 Income taxes payable 43.3 64.2 Current portion of long-term debt 159.4 309.8 Non-current deferred income taxes 43 61.8 Long-term debt 408.1 408.9 Other long-term liabilities 117.3 66.5 Minority interest in Harris Stratex Networks, Inc. 329.5 326.9 Shareholders' equity 2,143.10 1,903.80 $4,450.80 $4,406.00 HARRIS CORPORATION FY'08 First Quarter Summary RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND REGULATION G DISCLOSURE

    To supplement our condensed consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), we provide additional measures of segments' operating income (loss), non- operating income (loss); cost of product sales and services; engineering, selling and administrative expenses; income before income taxes and minority interest; income taxes; minority interest; net income; and net income per diluted share adjusted to exclude certain costs, expenses, gains and losses. Harris management believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. Harris management also believes that these non-GAAP financial measures enhance the ability of investors to analyze Harris business trends and to understand Harris performance. In addition, Harris may utilize non-GAAP financial measures as a guide in its forecasting, budgeting, and long-term planning process and to measure operating performance for some management compensation purposes. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP. A reconciliation of these non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP follows:

    Table 5 HARRIS CORPORATION FY'08 First Quarter Summary RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Condensed Consolidated Statement of Income (Unaudited) Quarter Ended Quarter Ended September 28, 2007 September 29, 2006 As Adjust- Non- As Adjust- Non- Reported ment GAAP Reported ment GAAP (In millions, except per share amounts) Revenue from product sales and services $1,230.5 $--- $1,230.5 $946.8 $--- $946.8 Cost of product sales and services (A) (849.6) 0.8 (848.8) (640.9) --- (640.9) Engineering, selling and administrative expenses(B) (216.9) 8.1 (208.8) (169.4) --- (169.4) Non-operating income (loss) (C) 1.7 --- 1.7 (18.5) 19.8 1.3 Interest income 2.0 --- 2.0 2.4 --- 2.4 Interest expense (15.1) --- (15.1) (9.8) --- (9.8) Income before income taxes and minority interest 152.6 8.9 161.5 110.6 19.8 130.4 Income taxes (52.8) (2.2) (55.0) (26.7) (6.9) (33.6) Minority interest in Harris Stratex Networks, net of tax 0.4 (2.8) (2.4) --- --- --- Net income $100.2 $3.9 $104.1 $83.9 $12.9 $96.8 Net income per diluted common share $.73 $.03 $.76 $.60 $.09 $.69 Table 6 HARRIS CORPORATION FY'08 First Quarter Summary RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Business Segment Information (Unaudited) Quarter Ended Quarter Ended September 28, 2007 September 29, 2006 As Adjust- Non- As Adjust- Non- Reported ment GAAP Reported ment GAAP (In millions) Revenue Defense Communications and Electronics $429.2 $--- $429.2 $380.9 $--- $380.9 Government Communications Systems 489.9 --- 489.9 341.7 --- 341.7 Broadcast Communications 146.7 --- 146.7 139.8 --- 139.8 Harris Stratex Networks 172.3 --- 172.3 93.6 --- 93.6 Corporate eliminations (7.6) --- (7.6) (9.2) --- (9.2) $1,230.5 $--- $1,230.5 $946.8 $--- $946.8 Income Before Income Taxes and Minority Interest Segment Operating Income (Loss): Defense Communications and Electronics $131.8 $--- $131.8 $108.9 $--- $108.9 Government Communications Systems (D) 42.7 0.6 43.3 31.6 --- 31.6 Broadcast Communications 10.4 --- 10.4 8.8 --- 8.8 Harris Stratex Networks (E) (1.0) 8.3 7.3 7.9 --- 7.9 Headquarters expense (18.6) --- (18.6) (16.4) --- (16.4) Corporate eliminations (1.3) --- (1.3) (4.3) --- (4.3) Non-operating income (loss)(C) 1.7 --- 1.7 (18.5) 19.8 1.3 Net interest (13.1) --- (13.1) (7.4) --- (7.4) $152.6 $8.9 $161.5 $110.6 $19.8 $130.4 Table 7 HARRIS CORPORATION Reconciliation of FY'08 GAAP EPS Guidance to Non-GAAP EPS Guidance (Unaudited) Earnings Per Diluted Share GAAP Earnings Per Share Guidance for FY'08 $3.28 to $3.38 Charges associated with the combination with Stratex Networks, Inc. (F) $0.06 Charges associated with the acquisition of Multimax Incorporated (G) $0.01 Non-GAAP Earnings Per Share Guidance for FY'08 $3.35 to $3.45 Table 8 HARRIS CORPORATION FY'08 First Quarter Summary

    Comparison of Harris Stratex Networks Segment GAAP and Non-GAAP Revenue and

    Operating Income to that Reported by Harris Stratex Networks, Inc. (Unaudited) Quarter Ended Quarter Ended September 28, 2007 September 29, 2006 As Reported by As Reported by Harris Harris Stratex Stratex Harris Networks Harris Networks (In millions) Revenue - As Reported $172.3 $172.3 $93.6 $93.6 Adjustments: Stratex Networks, Inc. revenue: Quarter ended September 29, 2006 67.3 Revenue - Non-GAAP $172.3 $172.3 $93.6 $160.9 Operating Income(Loss) - As Reported (H) $(1.0) $(1.0) $7.9 $5.3 Adjustments: Stratex combination- related costs 8.3 8.3 FAS 123R expense 2.4 0.4 Other identifiable intangible amortization 3.6 Stratex Networks, Inc. operating income: Quarter ended September 29, 2006 6.0 Harris corporate allocations 1.6 Operating Income - Non-GAAP $7.3 $13.3 $7.9 $13.3 HARRIS CORPORATION FY'08 First Quarter Summary RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) Notes to tables 5 through 8:

    Note A - Adjustments to cost of product sales and services for the quarter ended September 28, 2007 are due to the step up in fixed assets and integration costs associated with the combination between Stratex Networks, Inc. ("Stratex") and our former Microwave Communications Division ($0.8 million).

    Note B - Adjustments to engineering, selling and administrative expenses for the quarter ended September 28, 2007 are due to the step up in fixed assets and integration costs associated with the Stratex combination ($7.5 million); and integration costs associated with the acquisition of Multimax Incorporated ("Multimax") ($0.6 million).

    Note C - The adjustment to non-operating income (loss) for the quarter ended September 29, 2006 is due to the impairment to our investment in Terion, Inc. ($19.8 million).

    Note D - Adjustments to our Government Communications Systems segment operating income for the quarter ended September 28, 2007 are due to integration costs associated with the acquisition of Multimax ($0.6 million).

    Note E - Adjustments to our Harris Stratex Networks segment operating income (loss) for the quarter ended September 28, 2007 are due to the step up in fixed assets and integration costs associated with the Stratex combination ($8.3 million).

    Note F - Adjustment for the estimated $0.06 per diluted share impact, after minority interest, due to the step up in fixed assets and integration costs associated with the Stratex combination.

    Note G - Adjustment for the estimated $0.01 per diluted share impact for the estimated impact from integration and other charges associated with the acquisition of Multimax.

    Note H - The difference between the GAAP operating income (loss) recorded during the quarter ended September 29, 2006 by Harris versus Harris Stratex Networks, Inc. is due to $1.6 million of corporate allocations expense and $1.0 million of other expense.

    Harris Corporation

    CONTACT: Investor Relations, Pamela Padgett +1-321-727-9383,
    pamela.padgett@harris.com, or Media, Jim Burke +1-321-727-9131,
    jim.burke@harris.com

    Web site: http://www.harris.com/
    http://www.harrisstratex.com/




    Oracle Recognized as a Leader in Enterprise Application Software Licensing and Pricing by Independent Research FirmOracle Cited for Ability to Accommodate Complexity and Choice in Licensing Metrics

    REDWOOD SHORES, Calif., Nov. 1 /PRNewswire-FirstCall/ -- Oracle today announced that it was recognized as a leader for its licensing and pricing strategies in the October 2007, "The Forrester Wave: Enterprise Apps Software Licensing and Pricing, Q4 20071," report.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)

    According to Forrester, "enterprise applications software licensing and pricing refers to the available user-based metrics, usage metrics, delivery and financing mechanisms, policy support for the enterprise software licensee bill of rights (LBoR), and overall software life-cycle costs related to the customer vendor experience in procuring software."

    Forrester's R "Ray" Wang, Principal Analyst and author of the report, cites Oracle for its "strong support for most of the provisions in the enterprise software bill of rights" and a "wide range of user-based and usage-based metrics that meet the most complex customer requirements."

    For the purpose of this report, Forrester evaluated the licensing and pricing strategies of major enterprise applications vendors, across 97 different criteria grouped into three categories, including current offering, strategy, and market presence. The report states, "Oracle should be considered by enterprises of all sizes for its leadership position, policy openness, and strong support for the enterprise software LBoR."

    "Oracle's recent efforts to add consistent, simplified pricing across our popular Oracle E-Business Suite, JD Edwards, PeopleSoft and Siebel application lines is clearly resonating with our customer and partner base," said Richard Allison, Oracle Senior Vice President. "With unified, publicly available pricing and licensing information, we are helping our customers gain the insight and confidence needed to optimize their IT investments with Oracle."

    "The Forrester Wave: Enterprise Apps Software Licensing and Pricing, Q4 2007" report can be found at: http://www.oracle.com/corporate/analyst/reports/ent_apps/mm/forrester-wave- apps-licensing-q42007.pdf

    http://www.oracle.com/corporate/analyst/reports/ent_apps/mm/forrester- scorecard-apps-licensing-q42007.pdf

    About Oracle Global Pricing and Licensing

    Oracle's Global Pricing and Licensing organization is dedicated to establishing uniform corporate policies for Oracle's customers and partners, with overall objectives of implementing Oracle's pricing and licensing strategies worldwide. Oracle's goal is to help customers and partners optimize their software investment by enhancing their understanding of Oracle's licensing and pricing practices. Oracle offers its leadership for corporate best practices by making its pricing and licensing information publicly available.

    Additional information can be found at: http://www.oracle.com/corporate/pricing/index.html.

    About Oracle

    Oracle is the world's largest enterprise software company. For more information about Oracle, visit our Web site at http://www.oracle.com/.

    Trademarks

    Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

    (1) The Forrester Wave: Enterprise Apps Software Licensing and Pricing, Q4 2007, R. "Ray" Wang, with Sharyn C. Leaver, Elisse Gaynor, and Meghan Donnelly, October 15, 2007

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Oracle

    CONTACT: Letty Ledbetter of Oracle, +1-650-506-8071,
    letty.ledbetter@oracle.com; or Kristin Reeves of Blanc & Otus,
    +1-415-856-5145, kreeves@bando.com, for Oracle

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




    MyStarU Limited Announces Theatrical Screening of Award-Winning Movie: THE PYE-DOG

    BEIJING, Nov. 1 /Xinhua-PRNewswire-FirstCall/ -- MyStarU.com, Inc. (BULLETIN BOARD: MYST) announced today that its culture business group, the subsidiary MyStarU Limited ( http://www.mystaru.com/ ), has a joint investment in the Hong Kong film 'THE PYE-DOG', which will screen on November 15 in Hong Kong, China. 'THE PYE-DOG' (http://asianfanatics.net/forum/index.php?showtopic=390846 ) was awarded top honors at the Japan Asian Marine Film Festival 2007, and was awarded the European Assessed Best Youth Film Award at The German International Innocence Film Festival 2007.

    "MyStarU has been partnering with All in One Media Limited in Hong Kong to jointly invest in the production of THE PYE-DOG. It is forecasted that the movie will earn double the invested amount from returns from domestic theatrical screenings, and we expect to make an additional profit of $1 million through world-wide distribution via TV, DVD and the Internet," Alan Lun, CEO of MyStarU.com, Inc., said.

    About MyStarU.com, Inc.

    MyStarU.com, Inc. (MYST) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. MyStarU.com, Inc. does business in Asia via its wholly-owned subsidiaries, MyStarU Ltd. (formerly known as IC Star MMS, Ltd. http://www.mystaru.com/, http://www.skyestar.com/, http://www.goongreen.org/, http://www.icurls.com/ ), Guangzhou TCOM Computer Technology Limited and majority owned subsidiary Subaye.com, Inc. (http://www.subaye.com/).

    Safe Harbor

    The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward- looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

    For more information, please contact: Ms. Shirley Li MyStarU.com, Inc. Email: IR@MyStarU.com

    MyStarU.com, Inc.

    CONTACT: Ms. Shirley Li of MyStarU.com, Inc. at IR@mystaru.com

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




    ACS Motion Control Ltd. Reports Third Quarter Results

    MIGDAL HA'EMEK, Israel, November 1 /PRNewswire-FirstCall/ -- ACS Motion Control Ltd., , a developer and manufacturer of advanced motion control products, reports third quarter revenues and earnings.

    Revenues for the third quarter of 2007 were $2,062,000, compared to $2,932,000 revenues reported in the third quarter of 2006. Revenues for the first nine months of 2007 were $6,632,000, compared to $10,556,000 revenues reported in the first nine months of 2006.

    Net loss for the third quarter of 2007 was $216,000, compared to $270,000 net income reported in the third quarter of 2006. Net loss for the first nine months of 2007 was $143,000, compared to $1,417,000 net income reported in the first nine months of 2006.

    This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks and uncertainties include, but are not limited to: market demand for the Company's product, successful implementation of the Company's product, competitive factors, the ability to manage the Company's growth and the ability to recruit additional personnel.

    2007, Q3 Consolidated Nine months Three months Year Statements of Operations ended ended ended September 30, September 30, December 31, 2007 2006 2007 2006 2006 Consolidated U.S. Dollars in thousands Revenues 6,632 10,556 2,062 2,932 13,503 Cost of revenues 3,363 5,370 1,187 1,464 6,877 Gross profit 3,269 5,186 875 1,468 6,626 Research and development costs Costs incurred 1,591 1,468 489 494 2,065 Less-grants received (323) (224) (108) (114) (340) Net research and development costs 1,268 1,244 381 380 1,725 Selling and marketing expenses 1,207 1,314 412 451 1,783 General and administrative expenses 1,149 1,262 376 410 1,675 Total operating costs 3,624 3,820 1,169 1,241 5,183 Operating income (loss) (355) 1,366 (294) 227 1,443 Financing income, net 196 116 61 57 167 Other expenses - - - - (9) Income (loss) before taxes on income (159) 1,482 (233) 284 1,601 Taxes on income 16 (65) 17 (14) (64) Net income (loss) (143) 1,417 (216) 270 1,537 Earnings (loss) per Share in U.S. Dollars Basic (0.04) 0.44 (0.07) 0.09 0.48 Weighted average number of Shares used in computation of earnings per share Basic - in thousands 3,281 3,201 3,281 3,290 3,207 2007, Q3 Consolidated Balance Sheets September 30, December 31, 2007 2006 2006 Consolidated U.S. Dollars in thousands ASSETS Current assets Cash and cash equivalents 2,727 2,474 3,042 Marketable debt securities 4,043 2,125 2,619 Trade receivables, net 1,734 2,744 2,335 Inventories 3,684 3,462 3,658 Other 736 522 485 Total current assets 12,924 11,327 12,139 Long-term assets Deferred income taxes 146 121 110 Marketable debt securities 1,044 2,423 1,933 Investment in other company 532 1,011 1,002 Long-term assets 62 90 104 1,784 3,645 3,149 Property and equipment Cost 3,842 3,622 3,648 Less - accumulated depreciation (3,359) (3,070) (3,160) 483 552 488 Total assets 15,191 15,524 15,776 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Trade payables 1,279 1,477 1,440 Other 912 1,113 1,226 Total current liabilities 2,191 2,590 2,666 Long-term liabilities Accrued severance pay, net 201 181 202 Total long-term liabilities 201 181 202 Total liabilities 2,392 2,771 2,868 Shareholders' equity Share capital - Ordinary Shares of NIS 0.01 par value Authorized: 8,000,000 shares Issued - September 30, 2007 - 3,280,752, September 30, 2006- 3,290,052, December 31, 2006- 3,266,752 Outstanding - September 30, 2007 - 3,280,751, September 30, 2006- 3,290,051, Dec 31, 2006- 3,266,751 10 10 10 Treasury stock - (1 share as of September 30, 2007, September 30, 2006 and December 31, 2006) (150) (150) (150) Additional paid-in capital 7,363 7,294 7,329 Retained earnings 5,576 5,599 5,719 Total Shareholders' equity 12,799 12,753 12,908 Total liabilities and Shareholders' 15,191 15,524 15,776 equity

    Contact: Ze'ev Kirshenboim, Chairman of the Board, ACS Motion Control Ltd., +972-4-654-6440

    ACS Motion Control

    CONTACT: Contact: Ze'ev Kirshenboim, Chairman of the Board, ACS Motion
    Control Ltd., +972-4-654-6440




    BMW Sauber F1 Team Races to the Front After Increased Emphasis on CFDFLUENT CFD Software from ANSYS Helps F1 Team More Than Double Point Tally

    SOUTHPOINTE, Pa., Nov. 1 /PRNewswire-FirstCall/ -- ANSYS, Inc. , a global innovator of simulation software and technologies designed to optimize product development processes, today announced that ANSYS engineering simulation software assisted the BMW Sauber F1 Team, who has more than double last year's points total in the 2007 Constructors' Championship.

    Prior to the season, the BMW Sauber F1 Team signed an extended agreement with Fluent Deutschland, a subsidiary of ANSYS, Inc., to use FLUENT(R) computational fluid dynamics (CFD) software to run powerful engineering simulations on its new supercomputer -- one of the largest in Europe -- rather than invest in a second wind tunnel. This investment in CFD has allowed the team to run increasingly complex simulations of race car aerodynamics, far quicker than was previously possible. This has enabled the BMW Sauber F1 Team to analyze and implement design changes more quickly, which combined with other advances the team has made, has delivered the team's best performance in the Constructors' Championship to date.

    "The launch of our latest supercomputer was a decisive reinforcement of our CFD capacity. Unlike other teams, we didn't plan to build a second wind tunnel. Instead, we have used the key relationship commitment with ANSYS to continue to develop and exploit the expanding potential for CFD that high- performance computing gives us," explained Mario Theissen, BMW Motorsport Director. He added that wind tunnel testing will continue as an important design element of their F1 racing car design because of validation of results and other areas of car development.

    "The big difference with CFD compared to wind tunnels is that you not only get results, but also get an understanding of what goes on. Wind tunnel testing remains important with experimental work and CFD complementing each other," Theissen said.

    To optimize the performance of the FLUENT CFD software, the BMW Sauber F1 Team invested in a custom-built supercomputer called "Albert2," the successor to its original Albert supercomputer developed in 2004. Powered by 512 Intel(R) Xeon(R) 5160 dual core processors, Albert(2) is 5.5 times more powerful and three times faster than the first Albert computer. Albert2 was specifically designed and built to run CFD simulations using the latest version of FLUENT software. It has the capacity to make 12,288,000,000,000 calculations per second, which highlights the staggering pace of advance in the potential power available to perform CFD simulations. Theoretically, the BMW Sauber F1 Team could run simulations approaching and even exceeding the landmark figure of 1 billion cells. When FLUENT became the first CFD software tool to be used in F1 -- by the Benetton team of 1992 -- simulations of only 100,000 cells were possible, such as the analysis of a front wing. The possibility of FLUENT meshes of 1 billion cells or more demonstrates how the continued partnership between the BMW Sauber F1 Team and ANSYS is proving critical to driving CFD development and making the technology ever-more important in the design process.

    "Working together with the BMW Sauber F1 Team, we are exploring how maximum benefit can be yielded in aerodynamic design," said Ferit Boysan, vice president and general manager at ANSYS, Inc. "Relationships such as this are genuinely pioneering the engineering simulation possibilities of the future, and they could well have implications far beyond F1 racing. We are working at the leading edge of the technology, with the exciting thing being that we don't even know what the limits are yet."

    Computer-aided engineering and CFD simulations can be applied to many areas of the racing car, allowing team engineers to quickly and accurately test a number of design candidates before developing only the most promising for wind tunnel testing. The new compute power offered by the Albert2 supercomputer allows full-car simulations in addition to the aerodynamic testing of components such as the front and rear wings, turning vanes, brake ducts, fuel tanks and more.

    For downloadable, high-resolution images, visit http://www.ansys.com/newsimages. About the BMW Sauber F1 Team

    The BMW Sauber F1 Team is a Formula One racing team with bases in Munich, Germany and Hinwil, Switzerland. The team came into existence on January 1st 2006 following the purchase of a majority share of the existing Sauber Formula One team by German car manufacturer BMW. For its first season in 2006, the team scored two podium finishes and placed fifth in the Constructors' Championship. The BMW Sauber F1 Team continues to use the facilities in Hinwil, mostly for chassis construction and improving aerodynamics, while BMW's headquarters in Munich is responsible for designing and building the entire powertrain and electronics. The BMW Sauber F1 Team has been using the FLUENT software tool from ANSYS, Inc. for its racing car design and development since 2001.

    About ANSYS, Inc.

    ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 40 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 1,400 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit http://www.ansys.com/ for more information.

    ANSYS, ANSYS Workbench, AUTODYN, CFX, FLUENT and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

    ANSYS, Inc.

    CONTACT: Media, Kelly Wall, +1-724-514-3076, kelly.wall@ansys.com, or
    Maria Shields, +1-724-514-3077, maria.shields@ansys.com, both of ANSYS, Inc.

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




    Alabama Department of Education Receives $79,000 to Provide Innovative, Free Online Resources to Teachers Through Thinkfinity.orgGrant From the Verizon Foundation Will Expand Resources Available on the Alabama Learning Exchange (ALEX)

    HUNTSVILLE, Ala., Nov. 1 /PRNewswire-USNewswire/ -- The Alabama Department of Education received a $79,000 grant today from the Verizon Foundation to expand the online educational resources available through a special Web portal, the Alabama Learning Exchange (ALEX) at http://alex.state.al.us/.

    These rich, engaging resources, aligned to state standards, will be provided free to Alabama teachers through Thinkfinity.org.

    Thinkfinity.org is the Verizon Foundation's free, comprehensive program and online portal to more than 55,000 educational resources, including standards-based, grade-specific, K-12 lesson plans and other interactive tools and materials for teachers and students provided in partnership with many of the nation's leading educational and literacy organizations. Thinkfinity.org is designed to help teachers gain access to online resources quickly and requires no passwords or software downloads.

    In addition to providing thousands of Web resources, Thinkfinity.org will work with the Alabama Learning Exchange to develop training materials to help teachers use ALEX to improve learning in all subject areas, from early childhood through high school, with special materials developed for teacher preparation programs.

    "This grant will enable us to expand 21st century learning tools and training through the ALEX Web portal," said Dr. Ruth Ash, deputy superintendent of instruction, Alabama Department of Education. "Accessing the right lessons and interactives at the time a teacher, parent or student needs them is critical toward success in the classroom. Thinkfinity and ALEX not only motivate and engage the learner, but we expect evidence of improved learning across all subject areas through this valuable partnership."

    Michelle Robinson, Verizon senior vice president -- Southern region, announced the grant at an event at Hampton Cove Elementary School in Huntsville and presented the check to Ash.

    "Teachers are often our unsung heroes, working hours outside of the classroom to prepare the best possible lesson plans to engage their students," said Robinson. "Through Thinkfinity.org, teachers gain immediate access to quality educational resources to engage and educate their students."

    Following the presentation, legendary actor James Earl Jones read the children's book "Saturdays and Teacakes" to fifth-graders at the school. In addition, there was an interactive presentation of the resources available through ALEX and Thinkfinity.org.

    Content that will be available on ALEX through Thinkfinity.org is provided via a partnership between the Verizon Foundation and 11 of the nation's leading organizations in the fields of education and literacy: the American Association for the Advancement of Science, the International Reading Association, the John F. Kennedy Center for the Performing Arts, National Center for Family Literacy, National Council on Economic Education, National Endowment for the Humanities, National Council of Teachers of English, National Council of Teachers of Mathematics, National Geographic Society, ProLiteracy Worldwide and the Smithsonian's National Museum of American History.

    For training and resources, educators can contact Dr. Shannon Parks, ALEX/Thinkfinity state administrator; Alabama Department of Education, Technology Initiatives; 334-242-9594. To locate and request training from a Technology in Motion trainer, educators can visit http://www.technologyinmotion.state.al.us/meet.htm.

    The Verizon Foundation, the philanthropic arm of Verizon Communications, is committed to improving literacy and K-12 education; fostering awareness and prevention of domestic violence; and promoting the use of technology in health-care delivery. In 2006, the foundation awarded more than $69 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched charitable donations from Verizon employees and retirees, resulting in $29 million in combined contributions. Under the foundation's Verizon Volunteer initiative, one of the nation's largest employee-volunteer programs, company employees and retirees have also contributed nearly 3 million hours of community service since Verizon's inception in 2000. For more information on the foundation, visit http://www.verizon.com/foundation

    ALEX is the State Department of Education's interactive Web portal that receives over 27,000 unique visitors per month. ALEX, won a 2007 "Best of the Web" Award from the Center for Digital Education and Government, hosting, through the Alabama Supercomputer Authority, a rich assortment of interactives and resources linked to the searchable Alabama Courses of Study. Most of these activities are supplied by the Verizon Foundation's, Thinkfinity.org, with over 2,000 lesson plans supplied by Alabama teachers. These resources are designed to engage students and teachers in 21st century learning, and expand new opportunities. In 2008, a training program will be offered and available in every district to help teachers learn to use ALEX and Thinkfinity.org in their area of expertise. Parents also have access to ALEX so that they can help their child meet school expectations at home.

    Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving 63.7 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon has a diverse workforce of nearly 238,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit http://www.verizon.com/.

    Verizon

    CONTACT: Brian C. Malina, +1-908-559-6434, brian.c.malina@verizon.com,
    or Alabama Dept. of Education, Communications Section, +1-334-242-9950,
    msibley@alsde.edu

    Web site: http://www.verizon.com/
    http://alex.state.al.us/
    http://thinkfinity.org/
    http://www.technologyinmotion.state.al.us/meet.htm
    http://foundation.verizon.com/

    Company News On-Call: http://www.prnewswire.com/comp/618232.html




    BMW Sauber F1 Team Races to the Front After Increased Emphasis on CFD

    SOUTHPOINTE, Pennsylvania, November 1 /PRNewswire/ --

    - FLUENT CFD Software from ANSYS Helps F1 Team More Than Double Point Tally

    ANSYS, Inc. (Nasdaq: ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced that ANSYS engineering simulation software assisted the BMW Sauber F1 Team, who has more than double last year's points total in the 2007 Constructors' Championship.

    Prior to the season, the BMW Sauber F1 Team signed an extended agreement with Fluent Deutschland, a subsidiary of ANSYS, Inc., to use FLUENT(R) computational fluid dynamics (CFD) software to run powerful engineering simulations on its new supercomputer -- one of the largest in Europe -- rather than invest in a second wind tunnel. This investment in CFD has allowed the team to run increasingly complex simulations of race car aerodynamics, far quicker than was previously possible. This has enabled the BMW Sauber F1 Team to analyze and implement design changes more quickly, which combined with other advances the team has made, has delivered the team's best performance in the Constructors' Championship to date.

    "The launch of our latest supercomputer was a decisive reinforcement of our CFD capacity. Unlike other teams, we didn't plan to build a second wind tunnel. Instead, we have used the key relationship commitment with ANSYS to continue to develop and exploit the expanding potential for CFD that high-performance computing gives us," explained Mario Theissen, BMW Motorsport Director. He added that wind tunnel testing will continue as an important design element of their F1 racing car design because of validation of results and other areas of car development.

    "The big difference with CFD compared to wind tunnels is that you not only get results, but also get an understanding of what goes on. Wind tunnel testing remains important with experimental work and CFD complementing each other," Theissen said.

    To optimize the performance of the FLUENT CFD software, the BMW Sauber F1 Team invested in a custom-built supercomputer called "Albert2," the successor to its original Albert supercomputer developed in 2004. Powered by 512 Intel(R) Xeon(R) 5160 dual core processors, Albert(2) is 5.5 times more powerful and three times faster than the first Albert computer. Albert2 was specifically designed and built to run CFD simulations using the latest version of FLUENT software. It has the capacity to make 12,288,000,000,000 calculations per second, which highlights the staggering pace of advance in the potential power available to perform CFD simulations. Theoretically, the BMW Sauber F1 Team could run simulations approaching and even exceeding the landmark figure of 1 billion cells. When FLUENT became the first CFD software tool to be used in F1 -- by the Benetton team of 1992 -- simulations of only 100,000 cells were possible, such as the analysis of a front wing. The possibility of FLUENT meshes of 1 billion cells or more demonstrates how the continued partnership between the BMW Sauber F1 Team and ANSYS is proving critical to driving CFD development and making the technology ever-more important in the design process.

    "Working together with the BMW Sauber F1 Team, we are exploring how maximum benefit can be yielded in aerodynamic design," said Ferit Boysan, vice president and general manager at ANSYS, Inc. "Relationships such as this are genuinely pioneering the engineering simulation possibilities of the future, and they could well have implications far beyond F1 racing. We are working at the leading edge of the technology, with the exciting thing being that we don't even know what the limits are yet."

    Computer-aided engineering and CFD simulations can be applied to many areas of the racing car, allowing team engineers to quickly and accurately test a number of design candidates before developing only the most promising for wind tunnel testing. The new compute power offered by the Albert2 supercomputer allows full-car simulations in addition to the aerodynamic testing of components such as the front and rear wings, turning vanes, brake ducts, fuel tanks and more.

    For downloadable, high-resolution images, visit www.ansys.com/newsimages.

    About the BMW Sauber F1 Team

    The BMW Sauber F1 Team is a Formula One racing team with bases in Munich, Germany and Hinwil, Switzerland. The team came into existence on January 1st 2006 following the purchase of a majority share of the existing Sauber Formula One team by German car manufacturer BMW. For its first season in 2006, the team scored two podium finishes and placed fifth in the Constructors' Championship. The BMW Sauber F1 Team continues to use the facilities in Hinwil, mostly for chassis construction and improving aerodynamics, while BMW's headquarters in Munich is responsible for designing and building the entire powertrain and electronics. The BMW Sauber F1 Team has been using the FLUENT software tool from ANSYS, Inc. for its racing car design and development since 2001.

    About ANSYS, Inc.

    ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 40 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 1,400 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.

    ANSYS, ANSYS Workbench, AUTODYN, CFX, FLUENT and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

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

    ANSYS, Inc.

    Media, Kelly Wall, +1-724-514-3076, kelly.wall@ansys.com, or Maria Shields, +1-724-514-3077, maria.shields@ansys.com, both of ANSYS, Inc.




    e-Future Appoints New Board and Audit Committee Member

    BEIJING, Nov. 1 /Xinhua-PRNewswire/ -- e-Future Information Technology Inc. , a leading Chinese front supply chain management software and service company, today announced the appointment of Mr. Brian Lin to its Board of Directors and audit committee, effective immediately.

    Mr. Lin is currently the Chief Executive Officer and Director of China Fire & Security Group, Inc. , a leading total solution provider of industrial fire protection systems in China. Prior to joining China Fire & Security, from 2001 to 2005, Mr. Lin served as CEO of Beijing Linkhead Technologies, a company that he co-founded in 1994 and sold to PacificNet Inc. in December 2003. Prior to Linkhead, Mr. Lin was Director of R&D, Value-added Services Division of UTStarcom and held various management and technical positions with Nortel Networks, Motorola and Tandem Telecom in the United States. Mr. Lin received a bachelor's degree in electrical engineering from Huazhong University of Science and Technology and a master's degree in Electrical Engineering from University of Toronto, Canada in 1989.

    "We are delighted to welcome Mr. Lin to our Board of Directors and audit committee," said Adam Yan, Chief Executive Officer and Chairman of e-Future. "His expertise in the technology industry and corporate governance will add great value to our company, and we look forward to his immediate contributions."

    Mr. Lin's appointment fills the board seat made vacant following the resignation of Mr. Chaoyong Wang. Mr. Wang's resignation from e-Future's Board of Directors and audit committee became effective upon Mr. Lin's appointment. Commenting on Mr. Wang's resignation, Adam Yan said, "We are grateful for Mr. Wang's contribution to our company's growth and success in the past years."

    About e-Future Information Technology Inc.

    e-Future is a leading provider of integrated software and professional services for manufacturers, distributors, wholesalers, logistics companies and retailers in China's supply chain market. e-Future's customers are centered in the retail, automotive, general household appliance and consumer goods industries.

    e-Future serves over 800 clients, including over 500 retailers and over 200 distributors and Fortune 500 companies that do business in China, including Procter & Gamble, Johnson & Johnson, Kimberly-Clark, the Chang'an Motors and Ford Motors joint venture, B&Q-Kingfisher China, GUCCI China, Aeon- JUSCO China, PARKSON China, SOGO China and Mickey's Space stores (Disney franchises). Leading local companies include Belle, Lianhua, Suning, Wuhan Zhongbai, Wushang Group, Bubugao, Yonghui and China Duty-Free Stores. e-Future is also one of IBM's premier business partners in Asia Pacific as well as the partner of SAP, Oracle, Microsoft, JDA and Motorola. e-Future has 19 branch offices in 31 provinces in China with over 600 employees including 250 consultants and 270 programmers for software research and development and customization.

    For more information about e-Future, please visit http://www.e-/ future.com.cn English channel.

    e-Future Information Technology Inc.

    CONTACT: Investor Relations & Media Relations of e-Future Information
    Technology Inc. at +86-10-5165-0998 or ir@e-future.com.cn

    Web Site: http://www.e-future.com.cn/




    Verizon Wireless Launches the First CDMA-Enabled BlackBerry PearlThe BlackBerry Pearl 8130 Smartphone Offers Voice, Data, Multimedia, Navigation and EV-DO Speed with Style

    BASKING RIDGE, N.J., and WATERLOO, Ontario, Nov. 1 /PRNewswire/ -- Verizon Wireless, the leading wireless company with the nation's most reliable wireless voice and data network, and Research In Motion (RIM) (Nasdaq: RIMM; TSX: RIM), a global leader in wireless innovation, today announced the Nov. 3 online availability of the BlackBerry(R) Pearl(TM) 8130 at http://www.verizonwireless.com/. The BlackBerry Pearl 8130 will be in Verizon Wireless Communications Stores on Nov. 8. For the customer who wants to balance work and play, the world's first CDMA-enabled BlackBerry Pearl gives Verizon Wireless customers wireless broadband connectivity to the office while enabling them to stay connected with family, friends and colleagues.

    The new smartphone builds upon the highly acclaimed and iconic BlackBerry Pearl design with new features and functionality to provide customers with powerful communications, rich multimedia and support for high-speed EV-DO networks in a style that goes from day to evening in one slim and small package.

    Available to Verizon Wireless customers in an exclusive silver color and backed by the power of the nation's most reliable wireless voice and data network, the BlackBerry Pearl 8130 offers powerful communications with premium phone features, e-mail and messaging and more. With its built-in navigation capability, the BlackBerry Pearl 8130 can take customers wherever they want to go with mapping, audible turn-by-turn navigation and access to information on more than 14 million points of interest. In addition, the BlackBerry Pearl offers the following capabilities and features:

    -- Wireless broadband (EV-DO) connectivity for high-speed data transfers, perfect for fast Web browsing and downloading large attachments -- A sleek, compact design in an exclusive silver color finish; measures 4.2" x 2.0" x .55" and weighs only 3.4 oz -- Open and view e-mail attachments with support for the most popular formats -- Premium phone features including Voice Activated Dialing, speakerphone and noise and echo cancellation technology for clearer calls -- 2.0 megapixel camera, with flash and 5x zoom, able to record video -- Video and picture messaging capable -- Built-in navigation to support the location-based application, VZ Navigator(SM), developed by Networks in Motion, with map data provided by Navteq -- Advanced media player and enhanced desktop media manager software allowing a customer to easily manage music and pictures between their PC and the BlackBerry Pearl 8130 -- 3.5 mm stereo headphone included in the box -- Externally accessible microSD(TM)/SDHC memory card slot for additional storage (up to 8 GB) -- An enhanced user interface with new font-rendering technology that makes text easier to read and Web pages visually richer -- Enhanced Web browser delivering a fast, rich browser experience and support for streaming video from sites like m.youtube.com (3GPP RTSP streaming protocol over EV-DO) -- SureType(R) keyboard technology that makes typing and dialing fast and easy and includes a new word completion capability, easier editing of misspelled words, and built-in spell checker -- Bluetooth(R) 2.0 in support of hands-free headsets, stereo headsets (Bluetooth stereo audio profile A2DP/AVRCP), car kits and other Bluetooth accessories -- A removable and rechargeable battery, rated for up to 220 minutes of talk time and up to 216 hours of standby time

    The BlackBerry Pearl 8130 will be available online and in Verizon Wireless Communications Stores, including those in Circuit City, for $249.99 after a $50 mail-in rebate with a new two-year customer agreement. With the launch of the BlackBerry Pearl, Verizon Wireless is also introducing new Nationwide E- mail and Web for BlackBerry customers providing them with unlimited data for an additional $29.99 per month on top of a voice plan. Customers who choose a data only plan pay $34.99 per month. Both plans provide access up to 10 POP3 and IMAP e-mail accounts via BlackBerry(R) Internet Service.

    For more information on BlackBerry smartphones and to pre-order the BlackBerry Pearl 8130, visit http://www.verizonwireless.com/. Business customers should contact a Verizon Wireless Business Sales Representative directly at 1-800-VZW-4-BIZ.

    About Verizon Wireless

    Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 63.7 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 68,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at 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.

    About Research In Motion (RIM)

    Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity to data. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry(R) wireless platform, the RIM Wireless Handheld(TM) product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market and the Toronto Stock Exchange (TSX: RIM). For more information, visit http://www.rim.com/ or http://www.blackberry.com/.

    Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used herein, words such as "intend" and similar expressions are intended to identify forward-looking statements. Forward- looking statements are based on assumptions made by and information available to Research In Motion Limited. Investors are cautioned that such forward- looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, without limitation, possible product defects and product liability, risks related to international sales and potential foreign currency exchange fluctuations, the initiation or outcome of litigation, acts or potential acts of terrorism, international conflicts, significant fluctuations of quarterly operating results, changes in Canadian and foreign laws and regulations, continued acceptance of RIM's products, increased levels of competition, technological changes and the successful development of new products, dependence on third-party networks to provide services, dependence on intellectual property rights, and other risks and factors detailed from time to time in RIM's periodic reports filed with the United States Securities and Exchange Commission, and other regulatory authorities. RIM has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. RIM, Research In Motion and BlackBerry are registered with the U.S. Patent and Trademark Office and may be pending or registered in other countries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. RIM assumes no liability and makes no representation, warranty or guarantee in relation to third party products or services.

    Verizon Wireless

    CONTACT: Brenda Boyd Raney of Verizon Wireless, +1-908-559-7518,
    Brenda.Raney@verizonwireless.com; or Marisa Conway of Brodeur,
    +1-212-515-1924, mconway@brodeur.com, for RIM

    Web site: http://www.verizonwireless.com/
    http://rim.com/
    http://www.blackberry.com/




    Magic Software Enterprises to Report Third Quarter of 2007 ResultsConference Call Scheduled for Thursday, November 8th at 10:00 am EST

    OR YEHUDA, Israel, Nov. 1 /PRNewswire-FirstCall/ -- Magic Software Enterprises , a leader in enterprise application development, deployment and integration technology, announced that it will report its third quarter of 2007 financial results on Thursday, November 8th, 2007.

    Magic Software's management will also host a conference call to discuss the financial results later that same day. The conference call will begin at 10:00am EST, or 5:00pm in Israel.

    To participate in the conference call, please call the appropriate number listed below at least five to ten minutes prior to the start of the call:

    From the US: 1 888 642 5032 From Canada: 1 866 485 2399 From UK: 0 800 917 9141 From Israel: 03 918 0688 All others: +972 3 918 0688 Callers should reference the Magic Software Earnings Conference Call.

    For those unable to listen to the conference call, there will be a replay available from the investor relations part of Magic's web-site at: http://www.magicsoftware.com/.

    About Magic Software Enterprises

    Magic Software Enterprises has been a leader in enterprise application development, deployment and integration technology for more than two decades. The company's service-oriented (SOA) platforms are used by companies worldwide to develop, maintain, and deploy both legacy and new business solutions, while integrating these applications across both internal and external, heterogeneous environments. Magic Software's platform- independent methodology lets companies achieve agility by quickly assembling composite applications, allowing programmers to create services and architects and business analysts to orchestrate and reuse these services to enable business processes. Through partnerships with industry leaders such as IBM and SAP and more than 2500 ISVs worldwide, Magic Software technology is used by more than 1.5 million customers around the globe.

    Magic Software is a subsidiary of the Formula Systems and Emblaze Group of companies.

    For more information on Magic Software Enterprises and its products and services, visit http://www.magicsoftware.com/.

    Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

    Contact: David Zigdon, CFO Magic Software Enterprises Ltd Tel. +972 (0)3 538 9600 dzigdon@magicsoftware.com

    Magic Software Enterprises Ltd

    CONTACT: David Zigdon, CFO Magic Software Enterprises Ltd,
    Tel. +972 (0)3 538 9600, dzigdon@magicsoftware.com

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




    Shell Provides Consumers Gasoline Industry's First Pay By Touch Technology at the PumpDrivers Get New Level of Convenience and Security With Gasoline Industry's First Pay At The Pump Biometric Payment Service

    CHICAGO, Nov. 1 /PRNewswire/ -- For the first time, drivers can pay for their gasoline with just the touch of a finger thanks to a new payment method Shell Oil Products US is piloting in Chicagoland starting this week. Shell is the first gasoline retailer in the world to adopt Pay By Touch's convenient and secure biometric payment technology. Shell is piloting Pay By Touch at 10 Chicagoland retail locations.*

    "What's easier than paying at the pump with your finger? Pay By Touch will help Shell customers refill faster and easier, which is why we are so excited to be the first gasoline retailer in the world to offer it to consumers," said Chris Suess, manager of global refueling innovations. "We are always striving to make our customers' experiences more convenient and Pay By Touch is free, fast, secure and easy."

    Biometrics is a means of verifying personal identity by measuring and analyzing unique physical or behavioral characteristics like fingerprints or voice patterns, and is already popular with Chicagoland shoppers. They have been paying for groceries with just the touch of a finger at Jewel and Cub Foods stores for more than a year, and now they can use Pay By Touch at Shell without having to sign up again. The Pay By Touch system at Shell uses a simple finger scan to debit an individual's checking account or charge their Shell Card or Shell MasterCard. This is one of the most secure payment methods at the pump or in the Shell retail store.

    "We are honored to be working with Shell -- a technology leader and our first gasoline industry partner," said John Rogers, Pay By Touch founder and executive chairman. "When its time to get gasoline at Shell, all drivers will need is a finger, making the task more convenient and the transaction more secure. Pay By Touch helps Shell provide better customer service, which is good for their customers and their bottom line."

    Signing up and using Pay By Touch at Shell is easy. All you need is a government issued photo ID, a payment method (paper check, Shell Card or Shell MasterCard) and your finger to enroll! Get started online anytime at http://www.shell.com/paybytouch or visit a participating Shell location. New and existing Pay By Touch members will be awarded a $10 Shell Gift Card after their fourth purchase at Shell as a thank you for participating in the pilot. Once enrolled, Shell customers can immediately make purchases with the touch of a finger at any of the participating Shell stations and at all other Pay By Touch participating grocers across the nation.

    * Participating pilot locations are: 255 North Weber Road 801 West Addison Street 2455 South Street 7600 West Route 30 (W Lincoln Highway) 164 South Randall Road 100 W Geneva 19100 Lagrange Rd 12810 West 143rd Street 398 South Bolingbrook 8401 West 159th Street POP images are available upon request. About Shell Oil Products US

    Shell Oil Products US, a subsidiary of Shell Oil Company, is a leader in the refining, transportation and marketing of fuels, and has a network of approximately 6,100 branded gasoline stations in the Western United States. Shell Oil Company is an affiliate of the Shell Group and . For more information, please visit http://www.shell.com/. Motiva Enterprises LLC refines and markets branded products through approximately 8,100 Shell-branded stations in the Eastern and Southern United States. Shell Oil Company is a 50 percent owner of Motiva Enterprises LLC, along with Saudi Refining, Inc.

    About Pay By Touch

    Pay By Touch (http://www.paybytouch.com/) is the global leader in biometric authentication, personalized marketing and payment solutions. Already, more than 4 million consumers are using Pay By Touch services to identify themselves, make purchases, cash checks and get personalized savings with the touch of a finger. Pay By Touch services are free for consumers to use and available in more than 2,600 retail locations across 44 states, the UK and Singapore. Pay By Touch also provides robust data management and payment processing solutions for ACH (electronic checking), card-present and card-not-present debit and credit transactions for retail clients. Founded in 2002 and headquartered in San Francisco, Pay By Touch employs 800 professionals and holds more than 60 patents worldwide on secure, convenient and cost-effective transaction solutions.

    Disclaimer statement:

    This announcement contains forward-looking statements that are subject to risk factors associated with the oil, gas, power, chemicals and renewables business. It is believed that the expectations reflected in these statements are reasonable, but may be affected by a variety of variables which could cause actual results, trends or reserves replacement to differ materially, including, but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, risks associated with the identification of suitable potential acquisition properties and targets and the successful negotiation and consummation of transactions, the risk of doing business in developing countries, legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

    Please refer to the Annual Report on Form 20-F for the year ended December 31, 2006 (as amended) for a description of certain important factors, risks and uncertainties that may affect the Shell Group's businesses. Neither Royal Dutch Shell plc nor any member of the Shell Group undertakes any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or other information.

    Cautionary Note to US Investors:

    The United States Securities and Exchange Commission ('SEC') permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as "expected producible resources" and "amount of reserves we expect to produce", that the SEC's guidelines strictly prohibit us from including in filings with the SEC.

    Shell Oil Products US

    CONTACT: Sarah Anderson of Edelman PR, +1-212-704-4519, for Shell Oil
    Products US; or Shannon Riordan of Pay By Touch, +1-415-281-2253

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




    Rogers Communications Declares Quarterly Dividend

    TORONTO, Nov. 1 /PRNewswire-FirstCall/ -- Rogers Communications Inc. announced today that its Board of Directors has declared quarterly dividends totaling $0.125 per share on each of its outstanding Class B Non-Voting shares and Class A Voting shares. The quarterly dividend declared today will be paid on January 2, 2008 to shareholders of record on December 12, 2007.

    Rogers Communications is a diversified Canadian communications and media company. We are engaged in wireless voice and data communications services through Wireless, Canada's largest wireless provider and the operator of the country's only Global System for Mobile Communications ("GSM") based network. Through Cable and Telecom we are one of Canada's largest providers of cable television, cable telephony and high-speed Internet access, and are also a national, full-service, facilities-based telecommunications alternative to the traditional telephone companies. Through Media, we are engaged in radio and television broadcasting, televised shopping, magazines and trade publications, and sports entertainment. We are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B), and on the New York Stock Exchange . For further information about the Rogers group of companies, please visit http://www.rogers.com/.

    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




    Portico(TM) Systems Charts Another Period of Rapid GrowthMajor Customers Accelerate Roll-outs of Portico Solution

    PHILADELPHIA, Nov. 1 /PRNewswire/ -- Portico Systems, the leader in Provider Network Management solutions, capped a nine-month period of rapid growth, with revenue climbing 67% year-over-year.

    Customers -- including five of the top 30 health plans -- are accelerating roll-outs of Portico's solution, based on tangible evidence that the software dramatically increases bottom-line performance by optimizing provider network operations.

    This growth is driving significant company expansion, including new hires and larger corporate headquarters, in Blue Bell, PA, where the company expects to hire more than 50 employees in the next 12 months.

    Market Pressure Speeds Customer Roll-Outs

    Health care plans are grappling with tighter regulations, tougher cost pressures and an absolute demand for transparency. This 'trifecta' makes accurate information a key business issue and a major factor in satisfaction as measured by patients, doctors and hospitals. Portico's current and future products are targeting the estimated addressable annual market of greater than $1 billion spent by health plans on obtaining, maintaining and servicing their provider networks.

    "Health care plans have a tremendous challenge around managing their provider networks, and they are looking for ways to increase productivity and reduce errors and cost," said Ned Moore, CEO of Portico Systems. "We ensure that the data that is at the core of every transaction is clear, current and accurate. Our customers are the proof. They are looking at those numbers and noticing a dramatic improvement in their performance."

    This broad market endorsement is reinforced by three major industry awards Portico received in the last 45 days: The Philadelphia 100(R), the 2007 Deloitte Greater Philadelphia Technology Fast 50 and the Inc. 5000.

    50 New Hires

    Portico, which already expanded its workforce 20 percent this year, expects to hire another 12 people in Q4, and as many as 40 in 2008, in software development and customer support.

    The company is certainly a recognized success in Philadelphia. Its main investor includes Safeguard Scientifics, Inc. , a holding company which is known to build value in growth-stage technology and life sciences businesses.

    Portico's new headquarters is located at 518 East Township Line Road, Suite 100, Blue Bell, PA 19422. The company's new phone number is 215-358- 3800. More information about Portico can be found at http://www.porticosystems.com/.

    About Portico(TM) Systems

    Portico Systems offers health plans software solutions exclusively focused on unlocking the value of Provider Network Management. Our hallmark Portico Provider Platform empowers health plans to infuse agility into their provider network management functions while delivering actionable provider information. The platform streamlines provider network processes while accelerating new revenue streams, enhancing employee effectiveness and optimizing provider relationships. Portico Systems is a partner company of Safeguard Scientifics, Inc. http://www.safeguard.com/. For more information, please contact Chris Jones at cjones@porticosys.com or 215-358-3723. You may also visit our website at http://www.porticosys.com/.

    Portico Systems

    CONTACT: Media, George Robertson of Corporate Ink for Portico Systems,
    +1-617-969-9192, grobertson@corporateink.com; Business Development,
    Christopher Jones, Director of Business Development of Portico Systems,
    +1-215-358-3723, cjones@porticosys.com; Corporate, Allison Lattanze, Director
    of Marketing of Portico Systems, +1-215-358-3726, alattanze@porticosys.com

    Web site: http://www.porticosystems.com/
    http://www.porticosys.com/
    http://www.safeguard.com/




    Verizon Wireless Introduces New Nationwide E-Mail and Web Plans for BlackBerry

    BASKING RIDGE, N.J., Nov. 1 /PRNewswire/ -- Verizon Wireless, the leading wireless company with the nation's most reliable wireless voice and data network, today introduced new e-mail and Web plans to accompany the new BlackBerry(R) Pearl(TM) 8130, which will be available online Nov. 3 and in Verizon Wireless Communications Stores on Nov. 8. The new BlackBerry plans give consumers an economical way to balance work and play while staying connected on-the-go.

    Customers who purchase a Verizon Wireless Nationwide voice plan can subscribe to the E-mail and Web for BlackBerry for an additional $29.99 per month. Nationwide Basic and Select plans begin at $39.99 per month for 450 minutes. Customers who choose a data-only plan pay $34.99 per month for unlimited e-mail and access to the Internet. The plans can be used with any Verizon Wireless BlackBerry and allow customers to access up to 10 POP3 and IMAP e-mail accounts via BlackBerry(R) Internet Service.

    The BlackBerry Pearl 8130 will be available online and in Verizon Wireless Communications Stores, including those in Circuit City, for $249.99 after a $50 mail-in rebate with a new two-year customer agreement.

    For more information on BlackBerry smartphones from Verizon Wireless, visit http://www.verizonwireless.com/blackberry. Business customers may contact a Verizon Wireless Business Sales Representative directly at 1-800-VZW-4-BIZ.

    About Verizon Wireless

    Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 63.7 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 68,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at 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.

    The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.

    CONTACT: Brenda Boyd Raney of Verizon Wireless, +1-908-559-7518,
    Brenda.Raney@verizonwireless.com

    Web site: http://www.verizonwireless.com/
    http://www.verizonwireless.com/blackberry
    http://www.verizonwireless.com/multimedia




    ANADIGICS Announces November Conference ScheduleAEA Classic ConferenceStephens Fall Investment ConferenceUBS Global Technology and Services ConferenceCredit Suisse 2007 Annual Technology Conference

    WARREN, N.J., Nov. 1 /PRNewswire-FirstCall/ -- ANADIGICS, Inc. , a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications markets, today announced that Company President & CEO, Dr. Bami Bastani and Executive Vice President and CFO, Mr. Thomas Shields will be presenting at the following upcoming investor conferences:

    AEA Classic Conference -- The Monterey Conference Center - Monterey, CA -- Presenters: Tom Shields, Executive Vice President and CFO & Ron Rosenzweig, Chairman of the Board -- Monday, November 5, 2007 - 1:30pm PST Stephens Fall Investment Conference -- NY Palace Hotel - New York, NY -- Presenter: Dr. Bami Bastani, President & CEO -- Wednesday, November 14, 2007 - 10:10am EST UBS Global Technology and Services Conference -- Grand Hyatt Hotel - New York, NY -- Presenter: Tom Shields, Executive Vice President and CFO -- Thursday, November 15, 2007 - 10:15am EST Credit Suisse 2007 Annual Technology Conference -- The Phoenician - Scottsdale, AZ -- Presenter: Dr. Bami Bastani, President & CEO -- Thursday, November 29, 2007 - 10:00am MST

    Webcasts will be available for the conferences from the "Investors" section of the ANADIGICS website: http://www.anadigics.com/investors.

    About ANADIGICS, Inc.

    ANADIGICS, Inc. is a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications markets. The Company's products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components, which can be sold individually or packaged as integrated radio frequency and front end modules.

    Safe Harbor Statement

    Except for historical information contained herein, this press release contains projections and other forward-looking statements (as that term is defined in the Securities Exchange Act of 1934, as amended). These projections and forward-looking statements reflect the Company's current views with respect to future events and financial performance and can generally be identified as such because the context of the statement will include words such as "believe", "anticipate", "expect", or words of similar import. Similarly, statements that describe our future plans, objectives, estimates or goals are forward-looking statements. No assurances can be given, however, that these events will occur or that these projections will be achieved and actual results and developments could differ materially from those projected as a result of certain factors. Important factors that could cause actual results and developments to be materially different from those expressed or implied by such projections and forward-looking statements include those factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2006, and those discussed elsewhere herein.

    ANADIGICS, Inc.

    CONTACT: Corporate, Jennifer Palella, +1-908-668-5000, or fax,
    +1-908-412-5978, jpalella@anadigics.com, or Investors, Thomas Shields,
    +1-908-412-5995, tshields@anadigics.com, both of ANADIGICS, Inc.

    Web site: http://www.anadigics.com/
    http://www.anadigics.com/investors

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