NYFIX Schedules Annual Meeting of Stockholders

NEW YORK, April 29 /PRNewswire-FirstCall/ -- NYFIX, Inc. NYFIX, Inc. ("NYFIX"), a trusted provider of innovative solutions that optimize trading efficiency, today announced that it will hold its 2008 Annual Meeting of Stockholders on Tuesday, June 17, 2008 beginning at 9:00 a.m., Eastern Daylight Time, at The Down Town Association, 60 Pine Street, New York, NY 10005.

The record date for the determination of the stockholders entitled to vote at the Annual Meeting, or any adjournments or postponements thereof, was the close of business on April 22, 2008. If you plan to attend the Annual Meeting in person you will need to bring an acceptable form of photo identification, such as a driver's license or passport, and proof of your ownership of NYFIX common stock as of the close of business on April 22, 2008. Please note that The Down Town Association strictly enforces a business casual dress code and will deny entry to persons wearing inappropriate attire, such as collarless shirts, jeans or sneakers.

About NYFIX, Inc.

A pioneer in electronic trading solutions, NYFIX continues to transform trading through innovation. The NYFIX Marketplace(TM) is a global community of trading counterparties utilizing innovative services that optimize the business of trading. NYFIX Millennium(R) provides the NYFIX Marketplace(TM) with new methods of accessing liquidity. NYFIX also provides value-added informational and analytical services and powerful tools for measuring execution quality. A trusted business partner to the buy-side and sell-side alike, NYFIX enables ultra low touch, low impact market access and end-to-end transaction processing. For more information, please visit http://www.nyfix.com/.

NYFIX, Inc.

CONTACT: INVESTORS, Don Duffy of Integrated Corporate Relations,
+1-203-682-8200, or MEDIA, Matt Zachowski of Intermarket Communications,
+1-212-888-6115 Ext. 228, both for NYFIX, Inc.

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

MTS Signs Agreement to Acquire SANS GroupAccelerates Expansion in China

EDEN PRAIRIE, Minn., April 29 /PRNewswire-FirstCall/ -- MTS Systems Corporation today announced it has signed an agreement to acquire the assets of SANS Group (SANS), a leading provider of material testing solutions in China. The acquisition helps to accelerate MTS' strategy to grow geographically and strengthens the Company's leadership position in the worldwide materials market. The acquisition is expected to be completed by the end of September 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020430/MTSCLOGO)

"We are very excited about the SANS acquisition," said Laura B. Hamilton, CEO. "While MTS has a successful 30-year history in China, SANS' sales and service capability, product portfolio, and established customer base expands our ability to serve the increasing demand for testing solutions in China and worldwide. We believe MTS, together with the strength of SANS, will be a powerful combination."

The SANS Group, headquartered in Shenzhen, China, manufactures material testing solutions. Their products include electro-mechanical and static-hydraulic testing machines. Annual sales are approximately $25 million.

About MTS Systems Corporation

MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors. The Company's testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes, and are used for determining the mechanical behavior of materials, products, and structures. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 1,618 employees and revenue of $421 million for the fiscal year ended September 29, 2007. Additional information on MTS can be found on the worldwide web at http://www.mts.com/.

This release contains "forward-looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. The Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to the factors discussed above, other important risk factors are delineated in the Company's most recent SEC Form 10-Q and 10-K filings.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020430/MTSCLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com MTS Systems Corporation

CONTACT: Sue Knight, Vice President and CFO of MTS Systems Corporation,
+1-952-937-4000

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

Great Mother's Day Gift - Supporting Susan G. Komen for the CureVIPER RESPONDER LE SPECIAL EDITION: THE ULTIMATE VEHICLE SECURITY & REMOTE START SYSTEM FROM DIRECTED ELECTRONICS

VISTA, Calif., April 29 /PRNewswire-FirstCall/ -- Directed Electronics is pleased to announce it has joined the fight against breast cancer with the availability of Responder LE Special Edition 2-Way Vehicle Security & Remote Start systems from Viper, supporting Susan G. Komen for the Cure. For each pink Responder LE sold, Directed will donate $13.39, with a Guaranteed Minimum Donation of $25,000.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080429/LATU540) (Logo: http://www.newscom.com/cgi-bin/prnh/20020424/DIRECTLOGO)

Viper Responder LE was recognized with a prestigious Best of Innovations Award at the 2008 Consumer Electronics Show (CES), one of Directed's eight Innovations Awards. The award reflects the company's #1 market share position in aftermarket Vehicle Security & Remote Start. These are Directed's thinnest and most advanced 2-Way remote controls ever, with an ergonomic patent pending industrial design, made to fit the user's hand comfortably, enabling effortless and intuitive single-handed operation.

Other key aspects of the Responder LE remote are the GhostLights(TM) that enable 2-Way operation of the transceiver, confirming that commands sent to the vehicle have been received and acted upon. These GhostLights are LED indicators concealed in the bezel, which can only be seen when illuminated. Each Responder LE Special Edition system comes with two pink remotes: one 2-Way transceiver and an identical 1-Way transmitter.

Responder LE is the most advanced and user-friendly vehicle security and remote start system in Directed's history. The user is able to start the vehicle's engine with the push of a button from up to 2,000 feet away and receive GhostLight confirmation that the vehicle has started and is either warming up (in the winter) or cooling down (in the summer.) The 2-Way remote will also vibrate or make an audible tone if the system's siren is sounding within range of the remote, alerting the user to a possible break-in attempt.

Responder LE Special Edition systems supporting Susan G. Komen for the Cure are available at Viper retailers in North America with an MSRP of $479. For more information and a store locator, please visit http://www.viper.com/

Susan G. Komen for the Cure's promise is to save lives and end breast cancer forever by empowering people, ensuring quality care for all and energizing science to find the cures. For more information, please contact Susan G. Komen for the Cure at 5005 LBJ Freeway, Suite 250, Dallas, TX 75244 or visit http://www.komen.org/

About Directed Electronics

Headquartered in Southern California, Directed Electronics is the largest designer and marketer in North America of premium home theater loudspeakers sold under the Polk Audio(R) and Definitive Technology(R) brand names, and consumer-branded vehicle security and remote start systems sold under the Viper(R), Clifford(R), Python(R) and Autostart(R) brand names. Directed is also the largest aftermarket supplier of SIRIUS satellite radios and accessories, and a major supplier of mobile audio and video. Directed markets its broad portfolio of products through many channels including leading national retailers and specialty chains throughout North America, and around the world. Founded in 1982, the company has more than 500 employees and operations in California, Maryland, Canada, Europe and Asia. For more information, please visit http://www.directed.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080429/LATU540
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN11
PRN Photo Desk, photodesk@prnewswire.com Directed Electronics

CONTACT: Kennedy Gammage, Corporate Communications Manager of Directed
Electronics, +1-760-599-1325, ken.gammage@directed.com

Web site: http://www.directed.com/
http://www.komen.org/
http://www.viper.com/

Sierra Wireless Reports First Quarter 2008 ResultsTSX: SW Nasdaq: SWIR

VANCOUVER, April 29 /PRNewswire-FirstCall/ -- Sierra Wireless, Inc. is reporting first quarter 2008 results.

Our results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles.

"In the first quarter of 2008, we experienced continued strong momentum in our business and achieved record quarterly revenue, in spite of a challenging component supply environment" said Jason Cohenour, President and Chief Executive Officer. "Our first quarter revenue grew by 66% compared to Q1 of 2007 and earnings from operations improved by 106%. Our strong year over year improvement was driven by record quarterly sales of our PC Adapter products and embedded modules, as well as the addition of revenue from products acquired in the AirLink transaction.

In addition to our strong operational performance during Q1, we achieved an important strategic milestone in early April, announcing a definitive agreement to acquire CradlePoint, Inc., a supplier of wireless networking products and docking solutions for mobile enterprise, industrial and consumer applications. We believe that adding CradlePoint's mobile broadband networking and docking solutions to our product portfolio will extend our offering and value proposition to mobile operators and vertical OEM customers. We look forward to adding CradlePoint's innovative products to our portfolio and the CradlePoint team to the Sierra Wireless organization.

As we look forward, we are encouraged by the continued strong growth in our market segments, our proven ability to execute in a competitive environment and the strategic opportunities that lay ahead. Our expectations for 2008 are for continued investment and revenue growth, improving profitability and further business diversification."

Q1 2008 Financial Results

Our revenue for the first quarter of 2008 amounted to a record $141.9 million, gross margin was $39.3 million, or 27.7% of revenue, operating expenses were $28.0 million and net earnings were $9.7 million, or diluted earnings per share of $0.31. We generated $17.0 million of cash from operations during the first quarter and our balance sheet remains strong, with $209.5 million of cash, short and long-term investments.

Results for the first quarter of 2008, relative to guidance provided on January 31, 2008 are as follows:

First quarter revenue for 2008 of $141.9 million was better than our guidance of $136.0 million. Our earnings from operations were $11.4 million, in line with our guidance of $11.3 million. Our net earnings of $9.7 million, or diluted earnings per share of $0.31, were better than our guidance of net earnings of $9.4 million, or diluted earnings per share of $0.30.

Results for the first quarter of 2008, compared to the first quarter of 2007 are as follows:

First quarter revenue increased by 66% to $141.9 million in 2008 from $85.4 million for the same period in 2007. Gross margin for the first quarter of 2008 was 27.7% of revenue, compared to 27.3% for the same period in 2007. Operating expenses were $28.0 million in the first quarter of 2008, compared to $17.8 million in the same period of 2007. Net earnings for the first quarter of 2008 were $9.7 million, or diluted earnings per share of $0.31, compared to net earnings of $5.3 million, or diluted earnings per share of $0.20, in the same period of 2007. Included in our results are stock-based compensation expense and amortization resulting from the acquisitions of AirPrime, Inc. in 2003 and AirLink in May 2007. Adjusting for these amounts, our non-GAAP results are as follows: (in millions of U.S. dollars) Q1 2008 Q1 2007 ------- ------- Earnings from operations - GAAP $ 11.4 $ 5.5 Stock-based compensation 1.6 0.9 Acquisition related amortization 1.0 0.3 --- --- Earnings from operations - Non-GAAP $ 14.0 $ 6.7 Net earnings - GAAP $ 9.7 $ 5.3 Net earnings - Non-GAAP 11.5 6.2 Diluted earnings per share - GAAP $ 0.31 $ 0.20 Diluted earnings per share - Non-GAAP 0.37 0.24

Results for the first quarter of 2008, compared to the fourth quarter of 2007 are as follows:

Revenue for the first quarter of 2008 increased by 4.7% to $141.9 million, compared to $135.6 million in the fourth quarter of 2007. Gross margin was 27.7% of revenue in the first quarter of 2008, compared to 27.9% in the fourth quarter of 2007. Operating expenses were $28.0 million in the first quarter of 2008, compared to $24.5 million in the fourth quarter of 2007. Net earnings for the first quarter of 2008 were $9.7 million, or diluted earnings per share of $0.31, compared to net earnings of $11.5 million, or diluted earnings per share of $0.37, in the fourth quarter of 2007. First Quarter and Recent Highlights Included: - During the first quarter, we introduced two new embedded module products - the MC8785V embedded module for HSPA networks and the MC5727 embedded module for EV-DO Revision A networks. We also introduced two new HSPA mobile broadband modems. The AirCard(R) 885E ExpressCard and the Compass(TM) 885 USB modem are small, full-featured and offer the latest high-speed mobile broadband technology for use worldwide. - We announced the availability of the AirLink(TM) line of intelligent Mobile and M2M devices throughout Europe. Initial commercial shipments are expected to begin in the second quarter of 2008. - LANCOM selected our MC8780 embedded module to provide mobile broadband connectivity for the LANCOM 1751 UMTS router. - Fujitsu Siemens Computers selected our embedded modules to provide HSPA network connectivity to selected models in the LIFEBOOK product line of professional notebook computers that are expected to roll out throughout 2008. - Becker Marine Systems integrated our MC8780 and the MC5725 embedded modules into its umc.connect communication server, which provides a critical link for mariners worldwide. - NEC announced the availability of its LaVie G type J notebook computer with integrated Sierra Wireless MC8780 embedded module for use on the NTT DoCoMo network in Japan. The LaVie G type J notebook with the Sierra Wireless MC8780 module supports the NTT DoCoMo HSDPA flat rate service and is NEC's first notebook platform with an embedded HSDPA module. - On April 1, 2008, we announced the upcoming launch with Sprint of our Compass(TM) 597, the nation's smallest USB modem for EV-DO Revision A mobile broadband networks. The Sierra Wireless Compass 597 USB modem is now available for purchase through Sprint sales channels. - On April 7, 2008, we signed a definitive agreement to acquire CradlePoint, Inc. Under the terms of the definitive agreement, we will pay cash consideration of $21.8 million and will issue 462,963 shares to the shareholders of CradlePoint. Completion of the acquisition is expected in July, 2008 and is conditional upon, among other things, regulatory and CradlePoint shareholder approval. - On April 7, 2008, we also announced our intention to seek regulatory approval to repurchase our common shares which, if obtained, will allow us to purchase up to 1,567,378 of our common shares by way of a normal course issuer bid on the Toronto Stock Exchange and the NASDAQ Global Market, representing approximately 5% of our common shares outstanding as of April 7, 2008. Financial Guidance

The following guidance for the second quarter of 2008 reflects our current business indicators and expectations.

Our revenue expectations for the second quarter of 2008 reflect strong demand and good revenue visibility.

For the second quarter of 2008, we expect our gross margin percentage to be stable compared to the first quarter of 2008. As a result of our anticipated new product launch activity in Q2 and Q3, we expect our 2008 second quarter operating expenses to increase relative to the first quarter of 2008.

Inherent in this guidance are risk factors that are described in detail in our regulatory filings. Our actual results could differ materially from those presented below. All figures are approximations based on management's current beliefs and assumptions.

Non-GAAP Adjustments -------------------------- Acquisition Q2 2008 Guidance GAAP Stock Comp Amortization(1) Non-GAAP ---------------- ---- ---------- --------------- -------- Revenue $154 million $154 million Earnings from operations $13.9 million $1.7 million $0.9 million $16.5 million Net earnings $11.0 million $1.1 million $0.6 million $12.7 million Diluted earnings per share $ 0.35/share $0.40/share (1) Represents purchase price amortization associated with the acquisition of AirLink Communications, Inc. in May 2007 and the acquisition of AirPrime, Inc. in 2003. Conference Call, Webcast and Instant Replay

We will host a conference call to review our results on Tuesday, April 29, 2008 at 2:30 PM PST, 5:30 PM EST. You can participate in the conference call either via telephone or webcast. To participate in this conference call, please connect approximately ten minutes prior to the commencement of the call.

Telephone participation: Please dial the following number: 1-800-733-7571 Passcode: Not required or 1-416-644-3414 Passcode: Not required Webcast (to listen): The Company will also broadcast its conference call over the Internet. To access the web broadcast, click on this URL or enter: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2253900

This webcast event will be optimized for Microsoft Windows Media Player version 9. To download go to:

http://www.microsoft.com/windows/windowsmedia/download.

Should you be unable to participate, Instant Replay (audio) will be available following the conference call for 7 business days.

Audio only dial: 1-877-289-8525 or 1-416-640-1917 Passcode: 21263539 followed by the number sign.

The webcast will be available at the above link for 90 days following the call.

We look forward to having you participate in our call. Forward-Looking Statements

Certain statements in this press release that are not based on historical facts constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). These forward-looking statements are not promises or guarantees of future performance but are only predictions that relate to future events, conditions or circumstances or our future results, performance, achievements or developments and are subject to substantial known and unknown risks, assumptions, uncertainties and other factors that could cause our actual results, performance, achievements or developments in our business or in our industry to differ materially from those expressed, anticipated or implied by such forward-looking statements. Forward-looking statements include all financial guidance for the second quarter of 2008, disclosure regarding possible events, conditions, circumstances or results of operations that are based on assumptions about future economic conditions, courses of action and other future events. We caution you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. These forward-looking statements appear in a number of different places in this press release and can be identified by words such as "may", "estimates", "projects", "expects", "intends", "believes", "plans", "anticipates", or their negatives or other comparable words. Forward-looking statements include statements regarding the outlook for our future operations, plans and timing for the introduction or enhancement of our services and products, statements concerning strategies or developments, statements about future market conditions, supply conditions, end customer demand conditions, channel inventory and sell through, revenue, gross margin, operating expenses, profits, forecasts of future costs and expenditures, the outcome of legal proceedings, and other expectations, intentions and plans that are not historical fact. The risk factors and uncertainties that may affect our actual results, performance, achievements or developments are many and include, amongst others, our ability to develop, manufacture, supply and market new products that we do not produce today that meet the needs of customers and gain commercial acceptance, our reliance on the deployment of next generation networks by major wireless operators, the continuous commitment of our customers, and increased competition. These risk factors and others are discussed in our Annual Information Form, which may be found on SEDAR at http://www.sedar.com/ and on EDGAR at http://www.sec.gov/ and in our other regulatory filings with the Securities and Exchange Commission in the United States and the Provincial Securities Commissions in Canada. Many of these factors and uncertainties are beyond the control of the Company. Consequently, all forward-looking statements in this press release are qualified by this cautionary statement and there can be no assurance that actual results, performance, achievements or developments anticipated by the Company will be realized. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions and the Company does not undertake any obligation to update forward-looking statements should the assumptions related to these plans, estimates, projections, beliefs and opinions change.

About Sierra Wireless

Sierra Wireless modems and software connect people and systems to mobile broadband networks around the world. The Company offers a diverse product portfolio addressing enterprise, consumer, original equipment manufacturer, specialized vertical industry, and machine-to-machine markets, and provides professional services to customers requiring expertise in wireless design, integration, and carrier certification. For more information about Sierra Wireless, visit http://www.sierrawireless.com/.

"AirCard" is a registered trademark of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.

SIERRA WIRELESS, INC. Consolidated Statements of Operations and Deficit (Expressed in thousands of United States dollars, except per share amounts) (Prepared in accordance with United States generally accepted accounting principles ("GAAP")) (Unaudited) Three months ended March 31, 2008 2007 ---------------------------- ------------ ------------ Revenue........................................ $141,949 $85,428 Cost of goods sold............................. 102,614 62,111 ------------ ------------ Gross margin................................... 39,335 23,317 ------------ ------------ Expenses: Sales and marketing.......................... 7,835 4,097 Research and development..................... 13,769 9,885 Administration............................... 5,084 3,141 Amortization................................. 1,281 668 ------------ ------------ 27,969 17,791 ------------ ------------ Earnings from operations....................... 11,366 5,526 Other income................................... 2,459 1,249 ------------ ------------ Earnings before income taxes................... 13,825 6,775 Income tax expense............................. 4,148 1,518 ------------ ------------ Net earnings................................... 9,677 5,257 Deficit, beginning of period................... (40,602) (73,061) ------------ ------------ Deficit, end of period......................... $(30,925) $(67,804) ------------ ------------ ------------ ------------ Earnings per share for the period: Basic........................................ $ 0.31 $ 0.20 Diluted...................................... $ 0.31 $ 0.20 ------------ ------------ ------------ ------------ Weighted average number of shares (in thousands) Basic........................................ 31,341 25,720 Diluted...................................... 31,427 25,955 ------------ ------------ ------------ ------------ SIERRA WIRELESS, INC. Consolidated Balance Sheets (Expressed in thousands of United States dollars) (Prepared in accordance with United States GAAP) March 31, December 31, ------------ ------------ 2008 2007 ---- ---- (Unaudited) Assets Current assets: Cash and cash equivalents.................... $103,524 $ 83,624 Short-term investments....................... 85,503 92,980 Accounts receivable, net of allowance for doubtful accounts of $2,052 (2007 - $1,939)............................. 100,738 83,015 Inventories.................................. 30,128 24,989 Deferred income taxes........................ 3,408 3,556 Prepaid expenses............................. 9,329 9,229 ------------ ------------ 332,630 297,393 Long-term investments.......................... 20,427 19,757 Fixed assets................................... 17,679 15,274 Intangible assets.............................. 16,957 17,418 Goodwill....................................... 31,961 32,541 Deferred income taxes.......................... 1,359 1,156 Other.......................................... 529 1,482 ------------ ------------ $421,542 $385,021 ------------ ------------ ------------ ------------ Liabilities and Shareholders' Equity Current liabilities: Accounts payable............................. $ 48,565 $ 31,163 Accrued liabilities.......................... 60,919 53,691 Deferred revenue and credits................. 378 534 Current portion of long-term liabilities..... 257 277 ------------ ------------ 110,119 85,665 Long-term liabilities.......................... 508 581 Deferred income taxes.......................... 3,389 3,451 Shareholders' equity: Share capital................................ 328,458 328,323 Additional paid-in capital................... 7,955 6,374 Warrants..................................... 1,538 1,538 Deficit...................................... (30,925) (40,602) Accumulated other comprehensive income (loss)...................................... 500 (309) ------------ ------------ 307,526 295,324 ------------ ------------ $421,542 $385,021 ------------ ------------ ------------ ------------ SIERRA WIRELESS, INC. Consolidated Statements of Cash Flows (Expressed in thousands of United States dollars) (Prepared in accordance with United States GAAP) (Unaudited) Three months ended March 31, 2008 2007 ---------------------------- ------------ ------------ Cash flows from operating activities: Net earnings................................. $ 9,677 $ 5,257 Adjustments to reconcile net earnings to net cash provided by operating activities Amortization............................... 3,771 2,809 Stock-based compensation................... 1,638 885 Utilization of pre-acquisition tax losses.. - 200 Deferred income tax........................ (116) - Loss on disposal........................... 75 - Changes in operating assets and liabilities Accounts receivable........................ (18,745) 7,505 Inventories................................ (5,139) (9,056) Prepaid expenses and other assets.......... 1,381 1,274 Accounts payable........................... 17,402 11,160 Accrued liabilities........................ 7,230 (10,278) Deferred revenue and credits............... (156) 226 ------------ ------------ Net cash provided by operating activities.... 17,018 9,982 Cash flows from investing activities: Deferred acquisition costs................... (529) (381) Purchase of fixed assets..................... (4,909) (2,826) Increase in intangible assets................ (289) (177) Purchase of short-term investments........... (37,572) (54,502) Proceeds on maturity of short-term investments................................. 46,197 37,210 ------------ ------------ Net cash provided by (used in) investing activities.................................. 2,898 (20,676) Cash flows from financing activities: Issue of common shares, net of share issue costs....................................... 77 129 Repayment of long-term liabilities........... (93) (509) ------------ ------------ Net cash used in financing activities........ (16) (380) ------------ ------------ Net increase (decrease) in cash and cash equivalents................................... 19,900 (11,074) Cash and cash equivalents, beginning of period........................................ 83,624 46,438 ------------ ------------ Cash and cash equivalents, end of period....... $103,524 $ 35,364 ------------ ------------ ------------ ------------

CONTACT: Sierra Wireless, Inc.: David G. McLennan, Chief Financial Officer, (604) 231-1185, Website: http://www.sierrawireless.com/, Email: dmclennan@sierrawireless.com

Sierra Wireless, Inc.

CONTACT: Sierra Wireless, Inc.: David G. McLennan, Chief Financial
Officer, (604) 231-1185, Website: http://www.sierrawireless.com/, Email:
dmclennan@sierrawireless.com

Vimicro Reports Fourth Quarter 2007, Fiscal Year 2007 and First Quarter 2008 Financial Results

BEIJING, April 29 /Xinhua-PRNewswire-FirstCall/ -- Vimicro International Corporation , a leading fabless semiconductor company that designs and develops multimedia semiconductor products and solutions, today announced financial results for the fourth quarter of 2007, the fiscal year ended December 31, 2007 and the first quarter ended March 31, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070528/CNM014LOGO ) Fourth Quarter and Fiscal Year 2007

Net revenue in the fourth quarter of 2007 was $24.3 million as compared to $25.1 million reported in the third quarter of 2007 and $34.2 million in the fourth quarter of 2006.

Net income in the fourth quarter of 2007, prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP), was $1.4 million, compared with net income of $0.3 million in the third quarter of 2007 and $1.6 million in the fourth quarter of 2006. Diluted earnings per ADS (each representing four ordinary shares) were $0.04, compared with earnings per ADS of $0.01 in the third quarter of 2007 and $0.04 in the fourth quarter of 2006.

Non-GAAP net income in the fourth quarter, which excluded $0.5 million in share-based compensation expense, was $1.9 million, compared to net income of $1.9 million in the third quarter of 2007 and $2.9 million in the fourth quarter of 2006. Non-GAAP diluted earnings per ADS for the fourth quarter of 2007 were $0.05, compared with earnings per ADS of $0.05 in the third quarter of 2007 and $0.08 in the fourth quarter of 2006.

For the fiscal year ended December 31, 2007, net revenue was $92.8 million as compared to $126.6 million in the fiscal year ended December 31, 2006. Fiscal year 2007 net loss, prepared in accordance with U.S. GAAP, was $2.0 million, compared with net income of $9.7 million in fiscal year 2006. Non-GAAP net income for fiscal year 2007 was $2.9 million, which excluded $4.9 million for the amortization of stock-based compensation expenses, as compared to non-GAAP net income of $13.2 million in 2006, which excluded $3.5 million for the amortization of stock-based compensation expenses. Diluted loss per ADS for the fiscal year 2007 was ($0.06) and non-GAAP diluted earnings per ADS for the fiscal year 2007 were $0.08.

First Quarter 2008

Net revenue in the first quarter of 2008 was $16.2 million as compared to $16.9 million reported in the first quarter of 2007.

First quarter 2008 net loss prepared in accordance with U.S. GAAP was $3.2 million, compared with a loss of $3.8 million in the first quarter of 2007. The US GAAP loss per ADS (each representing four ordinary shares) was ($0.09), compared with a loss of ($0.11) per ADS in the first quarter of 2007.

Non-GAAP net loss in the first quarter, which excluded $1.8 million in share-based compensation expense, was $1.4 million compared with a loss of $2.5 million in the first quarter of 2007. Non-GAAP loss per ADS for the first quarter of 2008 was ($0.04) compared with a loss of ($0.07) per ADS in the first quarter of 2007.

"2007 was a challenging year for Vimicro as a combination of factors impacted our results throughout the year," commented Dr. John Deng, Vimicro's Chairman and Chief Executive Officer. "Our revenue during the year was primarily affected by our strategic decision to transition away from third- party sensor business and to apply a greater focus on our own products. In addition, we also experienced pressure on average selling prices resulting from a competitive environment in our PC camera business. However, despite these factors, we were able to maintain our market share and leading position within the PC camera and mobile multimedia markets, while at the same time we invested heavily in R&D to further strengthen our product pipeline and expand our addressable markets."

Deng further commented, "Additionally, similar to the first quarter last year, our results were impacted by seasonality within our customer base and end markets as well as that associated with the New Year holiday in China. Looking forward to the second quarter and the remainder of 2008, we are encouraged by our prospects and expect healthy growth throughout the year driven by strength within our embedded notebook camera product line, as well as growth within the mobile, personal media player and surveillance camera markets."

Business Outlook

For the second quarter of 2008, Vimicro expects revenue to range between $22 million and $24 million.

Fourth Quarter, Fiscal Year 2007 and First Quarter 2008 Financial Results Conference Call and Web Cast

Vimicro will host a conference call and Web cast today, April 29, 2008, at 5:30 p.m., Eastern Time, to discuss the Company's fourth quarter 2007, fiscal year 2007 and first quarter 2008 financial results. Investors and other interested parties may access the call by dialing 800-638-4930 (or +1-617-614-3944 outside of the U.S.), with the pass code 82115850, at least 10 minutes prior to the start of the call.

In addition, an audio Web cast will be available in the Investor Relations section of the Company's Web site at http://www.vimicro.com/ . Following the live Web cast, an archived version will be available on the Company's Web site. A telephone replay of the call will also be available approximately two hours after the call and will be available until May 6, 2008 at midnight (ET). The replay number is 888-286-8010 with a pass code of 29162053. International callers should dial +1-617-801-6888 and enter the same pass code at the prompt.

About Vimicro International Corporation

Vimicro International Corporation is a worldwide leading fabless semiconductor company that designs, develops and markets proprietary embedded multimedia signal processing chips and solutions that enable multimedia applications for mobile phones over 2.5G/3G networks and PCs over broadband Internet. Vimicro's ADSs, each of which represents four ordinary shares, are currently trading on the NASDAQ Global Market under the ticker symbol "VIMC."

Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the quotations from management in this announcement, as well as Vimicro's expectations and forecasts, contain forward-looking statements. Vimicro may also make written or oral forward- looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Vimicro's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward- looking statement, including but not limited to the following: our limited history of achieving net profit; our growth strategies; our future business development, results of operations and financial condition; our ability to develop and sell mobile multimedia processors that meet changing consumer preferences and industry standards; decrease in the demand for our notebook and PC camera multimedia processors and third-party image sensors which we bundle with some of our PC camera multimedia processors; that multimedia opportunities associated with the 3G build out in China will make a significant contribution to our longer-term growth; our ability to increase our penetration of the PC and notebook multimedia markets; our ability to secure sufficient foundry capacity in a timely manner; our ability to maintain existing customers and attract new customers; and the expected growth of the mobile multimedia processor market. Further information regarding these and other risks is included in our annual report on Form 20-F filed with the Securities and Exchange Commission. Vimicro does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of April 29, 2008, and Vimicro undertakes no duty to update such information, except as required under applicable law.

Non-GAAP Measures

To supplement the consolidated financial statements presented in accordance with GAAP, Vimicro uses non-GAAP measures of non-GAAP net income and non-GAAP diluted net earnings per ADS, which are adjusted from the most directly comparable financial measures calculated and presented in accordance with GAAP to exclude amortization of share-based compensation expenses. These non-GAAP financial measures are provided to enhance investors' overall understanding of the Company's financial performance as they exclude share- based expenses that are not expected to result in future cash payments. The non-GAAP measures 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. A limitation of using these non-GAAP financial measures is that these non-GAAP measures exclude share-based compensation charges that have been and will continue to be significant recurring expenses in our business for the foreseeable future. We compensate for these limitations by providing the relevant disclosure of our share-based compensation charges in our reconciliations to the GAAP measures. For more information on the non-GAAP financial measures, please see the tables captioned "Reconciliation of non-GAAP results of operations measures to the nearest comparable GAAP measures" set forth at the end of this release.

Vimicro believes that both management and investors benefit from referring to these non-GAAP measures in assessing the performance of Vimicro's liquidity and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to Vimicro's historical liquidity. Vimicro computes its non-GAAP financial measures using the same consistent method from quarter to quarter. The accompanying tables have more details on the GAAP financial measures that are most comparable to non-GAAP financial measures and the related reconciliations between financial measures.

Currency Translation

This announcement contains translations of certain RMB amounts into U.S. dollars. Unless otherwise noted, all translations from RMB to U.S. dollars are based on the applicable exchange rates quoted by the Bank of China as of December 31, 2007 and March 31, 2008, depending on the period discussed (the fourth quarter of 2007 and the first quarter of 2008), which were RMB 7.3046 to US$1.00 and RMB 7.019 to US$1.00, respectively.

Vimicro International Corporation Consolidated Statements of Income (Amounts expressed in thousands of U.S. dollars, except number of share data) 2008 Q1 2007 Q4 2007 Q3 (unaudited) (unaudited) (unaudited) Net revenue 16,234 24,281 25,096 Cost of revenue (11,108) (16,940) (17,301) Gross profit 5,126 7,341 7,795 Operating expenses* Research and development, net (5,668) (4,068) (5,244) Sales and marketing (1,126) (897) (1,208) General and administrative (2,963) (2,642) (2,456) (Loss) income from operations (4,631) (266) (1,113) Other income (expense): Interest income 772 831 1,009 Others, net 631 697 373 (Loss) income before income taxes and share of loss of associated company and minority interest (3,228) 1,262 269 Income taxes expense -- 99 (5) Net (loss) income before share of loss of associated company and minority interest (3,228) 1,361 264 Share of gain of associated company, net of tax -- -- 1 Net (loss) income before minority interest (3,228) 1,361 265 Net (loss) income (3,228) 1,361 265 Other comprehensive income (loss): Foreign currency translation adjustment 2,392 1,565 665 Comprehensive (loss) income (836) 2,926 930 (Loss) income per share --Basic (0.02) 0.01 0.00 --Diluted (0.02) 0.01 0.00 (Loss) income per ADS --Basic (0.09) 0.04 0.01 --Diluted (0.09) 0.04 0.01 Weighted average number of ordinary shares outstanding --Basic 140,059,154 139,947,513 139,912,263 --Diluted 140,059,154 143,316,622 143,674,362 Weighted average number of ADS outstanding --Basic 35,014,788 34,986,878 34,978,066 --Diluted 35,014,788 35,829,155 35,918,590 *Components of share- based compensation expenses are included in the following expense captions: Research and development (700) (17) (849) Sales and marketing (261) (46) (211) General and administrative (835) (511) (592) 2007 Q1 2006 Q4 (unaudited) (unaudited) Net revenue 16,880 34,194 Cost of revenue (11,633) (24,993) Gross profit 5,247 9,201 Operating expenses* Research and development, net (5,708) (4,909) Sales and marketing (1,394) (1,373) General and administrative (2,776) (2,326) (Loss) income from operations (4,631) 593 Other income (expense): Interest income 1,096 1,170 Others, net (353) (267) (Loss) income before income taxes and share of loss of associated company and minority interest (3,888) 1,496 Income taxes expense 53 133 Net (loss) income before share of loss of associated company and minority interest (3,835) 1,629 Share of gain of associated company, net of tax -- (28) Net (loss) income before minority interest (3,835) 1,601 Net (loss) income (3,835) 1,601 Other comprehensive income (loss): Foreign currency translation adjustment 453 563 Comprehensive (loss) income (3,382) 2,164 (Loss) income per share --Basic (0.03) 0.01 --Diluted (0.03) 0.01 (Loss) income per ADS --Basic (0.11) 0.05 --Diluted (0.11) 0.04 Weighted average number of ordinary shares outstanding --Basic 139,435,920 138,637,328 --Diluted 139,435,920 146,334,096 Weighted average number of ADS outstanding --Basic 34,858,980 34,659,332 --Diluted 34,858,980 36,583,524 * Components of share-based compensation expenses are included in the following expense captions: Research and development (682) (698) Sales and marketing (206) (196) General and administrative (448) (394) FY2007 FY2006 (unaudited) (unaudited) Net revenue 92,753 126,564 Cost of revenue (64,290) (86,183) Gross profit 28,463 40,381 Operating expenses* Research and development, net (20,039) (17,320) Sales and marketing (4,668) (5,365) General and administrative (10,431) (10,863) (Loss) income from operations (6,675) 6,833 Other income (expense): Interest income 4,001 4,281 Others, net 570 (881) (Loss) income before income taxes and share of loss of associated company and minority interest (2,104) 10,233 Income taxes expense 99 (530) Net (loss) income before share of loss of associated company and minority interest (2,005) 9,703 Share of gain of associated company, net of tax 1 (31) Net (loss) income before minority interest (2,004) 9,672 Net (loss) income (2,004) 9,672 Other comprehensive income (loss): Foreign currency translation adjustment 3,380 1,391 Comprehensive (loss) income 1,376 11,063 (Loss) income per share --Basic (0.01) 0.07 --Diluted (0.01) 0.07 (Loss) income per ADS --Basic (0.06) 0.28 --Diluted (0.06) 0.26 Weighted average number of ordinary shares outstanding --Basic 139,709,890 137,592,825 --Diluted 139,709,890 146,962,266 Weighted average number of ADS outstanding --Basic 34,927,472 34,398,206 --Diluted 34,927,472 36,740,567 * Components of share-based compensation expenses are included in the following expense captions: Research and development (2,240) (2,266) Sales and marketing (654) (436) General and administrative (2,053) (786) Vimicro International Corporation Consolidated Balance Sheets (Amounts expressed in thousands of U.S. dollars, except number of share data) 3/31/2008 12/31/2007 9/30/2007 (unaudited) (unaudited) (unaudited) Assets Current assets: Cash 114,414 116,958 119,849 Accounts receivable, net 3,399 5,842 6,200 Notes receivable -- 297 97 Inventories, net 17,407 13,443 12,418 Prepayments and other current assets, net 3,989 2,898 2,481 Deferred tax assets 294 283 177 Total current assets 139,503 139,721 141,222 Investment in an associated company 164 157 153 Property, equipment and software, net 8,361 8,249 9,668 Other assets 8,160 5,904 1,884 Total assets 156,188 154,031 152,927 Liabilities and Shareholders' Equity Current liabilities: Accounts payable 8,543 7,853 8,150 Taxes payable 1,271 1,226 1,058 Advances from customers 767 154 137 Due to an associated company 60 60 58 Accrued expenses and other current liabilities 3,359 3,510 5,694 Deferred grants -- -- 67 Total current liabilities 14,000 12,803 15,164 Non-current liabilities: Deferred tax liabilities 26 26 30 Total liabilities 14,026 12,829 15,194 Shareholders' equity: Ordinary shares, $.0001 par value. 140,318,046 and 140,301,378 shares issued and outstanding as of March 31, 2008 and December 31, 2007, respectively 14 14 14 Additional paid-in capital 138,214 136,418 135,875 Accumulated other comprehensive income 7,759 5,367 3,802 Accumulated deficit (6,607) (3,379) (4,690) Statutory reserve 2,782 2,782 2,732 Total shareholders' equity 142,162 141,202 137,733 Total liabilities, redeemable convertible preferred shares and shareholders' equity 156,188 154,031 152,927 3/31/2007 12/31/2006 (unaudited) (audited) Assets Current assets: Cash 114,717 114,834 Accounts receivable, net 4,315 6,315 Notes receivable 1,191 2,435 Inventories, net 11,893 11,955 Prepayments and other current assets, net 2,646 3,353 Deferred tax assets 224 170 Total current assets 134,986 139,062 Investment in an associated company 148 146 Property, equipment and software, net 10,119 8,498 Other assets 834 644 Total assets 146,087 148,350 Liabilities and Shareholders' Equity Current liabilities: Accounts payable 5,980 5,379 Taxes payable 1,085 1,500 Advances from customers 238 246 Due to an associated company 56 56 Accrued expenses and other current liabilities 5,760 6,072 Deferred grants 127 210 Total current liabilities 13,246 13,463 Non-current liabilities: Deferred tax liabilities 30 30 Total liabilities 13,276 13,493 Shareholders' equity: Ordinary shares, $.0001 par value. 140,318,046 and 140,301,378 outstanding as of March 31, 2008 and December 31, 2007, respectively 14 14 Additional paid-in capital 132,785 131,449 Accumulated other comprehensive income 2,440 1,987 Accumulated deficit (5,160) (1,325) Statutory reserve 2,732 2,732 Total shareholders' equity 132,811 134,857 Total liabilities, redeemable convertible preferred shares and shareholders' equity 146,087 148,350 Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures (*) (Amounts expressed in thousands of U.S. dollars, except per share data, unaudited) Three months ended Three months ended March 31, 2008 December 31, 2007 GAAP Adjust- Non-GAAP GAAP Adjust- Non-GAAP Result ment Result Result ment Result (Loss) income from operations (4,631) 1,796 (2,835) (266) 574 308 Net (loss) income (3,228) 1,796 (1,432) 1,361 574 1,935 Diluted (loss) income per ADS (0.09) 0.05 (0.04) 0.04 0.01 0.05 Three months ended Three months ended September 30, 2007 March 31, 2007 GAAP Adjust- Non-GAAP GAAP Adjust- Non-GAAP Result ment Result Result ment Result (Loss) income from operations (1,113) 1,653 540 (4,631) 1,336 (3,295) Net (loss) income 265 1,653 1,918 (3,835) 1,336 (2,499) Diluted (loss) income per ADS 0.01 0.04 0.05 (0.11) 0.04 (0.07) Three months ended December 31, 2006 GAAP Adjust- Non-GAAP Result ment Result (Loss) income from operations 593 1,288 1,881 Net (loss) income 1,601 1,288 2,889 Diluted (loss) income per ADS 0.04 0.04 0.08 Twelve months ended Twelve months ended December 31, 2007 December 31, 2006 GAAP Adjust- Non-GAAP GAAP Adjust- Non-GAAP Result ment Result Result ment Result (Loss) income from operations (6,675) 4,947 (1,728) 6,833 3,488 10,321 Net (loss) income (2,004) 4,947 2,943 9,672 3,488 13,160 Diluted (loss) income per ADS (0.06) 0.14 0.08 0.26 0.10 0.36 (*) The adjustment is to exclude non-cash for share-based compensation for employees and non-employees. For further information about Vimicro, please contact: Investor Contact: Shelton Group Investor Relations Ryan Bright Tel: +1-972-239-5119 x159 Email: rbright@sheltongroup.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070528/CNM014LOGO
PRN Photo Desk, 888-776-6555 or 212-782-2840 Vimicro International Corporation

CONTACT: Investor Contact: Ryan Bright of Shelton Group Investor
Relations at +1-972-239-5119 ext. 159 or rbright@sheltongroup.com

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

FTC Requests Additional Information from ChoicePoint(R), Reed Elsevier

ALPHARETTA, Ga., April 29 /PRNewswire-FirstCall/ -- ChoicePoint Inc. today announced that it and Reed Elsevier have received a request for additional information from the Federal Trade Commission regarding the proposed merger between the companies. In addition, the companies have been notified of parallel reviews by the attorneys general of certain states. The Federal Trade Commission information request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

The companies intend to cooperate fully and respond expeditiously to the FTC. It is expected that the transaction will close later in the year.

Forward-Looking Statements

Certain statements contained in this press release, including statements that are not historical facts, are forward-looking statements made under the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of terminology such as: believe, hope, may, anticipate, should, intend, plan, will, expect, estimate, continue, project, positioned, strategy and similar expressions. Such statements involve certain risks, uncertainties and assumptions that include, but are not limited to, risks and uncertainties related to the proposed merger, including the satisfaction of conditions to closing, such as the receipt of regulatory and other approvals, and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. In light of these risks and uncertainties you are cautioned not to place undue reliance on these forward- looking statements. The Company undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.

About ChoicePoint

ChoicePoint provides businesses, government agencies and non-profit organizations with technology, software, information and marketing services to help manage economic risks and identify business opportunities. Consumers have free access to the reports we create at http://www.choicetrust.com/. Learn what we do to protect consumer privacy by visiting http://www.privacyatchoicepoint.com/ and, for more information on our company, go to http://www.choicepoint.com/.

ChoicePoint and the ChoicePoint logo are registered trademarks of ChoicePoint Asset Company LLC.

ChoicePoint

CONTACT: John Mongelli, Investor Relations, +1-770-752-6171,
John.Mongelli@ChoicePoint.com, or Chuck Jones, Media Relations,
+1-770-752-3594, Chuck.Jones@ChoicePoint.com, both of ChoicePoint

Web site: http://www.choicepoint.com/
http://www.choicetrust.com/
http://www.privacyatchoicepoint.com/

Eagle Test Systems Reports Second Quarter Fiscal 2008 ResultsNet Revenue of $33.1 million; Net Income of $0.26 per Diluted Common Share

BUFFALO GROVE, Ill., April 29 /PRNewswire-FirstCall/ -- Eagle Test Systems, Inc. , a provider of automated test equipment solutions for high-performance analog, mixed-signal and radio frequency (RF) semiconductors, announced financial results for its second fiscal quarter ended March 31, 2008.

Operating Results

Net revenue was $33.1 million for the second fiscal quarter ended March 31, 2008, an increase of $11.8 million, or 55.5%, compared to net revenue of $21.3 million for the same period in the prior fiscal year. Sequentially, net revenues increased $2.1 million or 6.9% from the December 2007 quarter. Gross margin for the second fiscal quarter was 62.0% of net revenue, compared to 60.5% of net revenue for the same period in the prior fiscal year, and 61.5% for our December 2007 quarter. Operating income for the second fiscal quarter was $8.0 million, compared to $2.0 million in operating income for the same period in the prior fiscal year, and $6.9 million for our December 2007 quarter.

Net income for the second fiscal quarter was $6.0 million or $0.26 per fully diluted common share, compared to net income of $1.8 million or $0.08 per fully diluted common share for the same period in the prior fiscal year, and net income of $5.3 million or $0.23 per fully diluted common share for the December 2007 quarter.

Net revenue was $64.1 million for the six months ended March 31, 2008, compared to net revenue of $45.3 million for the same period in the prior fiscal year. Net income was $11.3 million, an increase of $5.6 million over net income of $5.7 million in the comparable period in the prior fiscal year. The Company reported income per fully diluted common share of $0.49 for the six months ended March 31, 2008, compared to $0.25 for the same period in the prior fiscal year.

"I am very pleased with our strong second quarter performance and our ability to continue delivering positive earnings for our shareholders," stated Len Foxman - Eagle CEO. "These results are indicative of the success we can achieve by remaining focused on delivering profitable results and leveraging our strong business model."

Outlook

The Company estimates net revenue will be between $30.0 and $34.0 million in the third fiscal quarter ending June 30, 2008. The Company estimates earnings per share will be between $0.19 and $0.26 based on an estimated 23,200,000 fully diluted common shares.

Earnings Conference Call

Eagle Test Systems will host its earnings call today at 6:00 p.m. Eastern Time/ 5:00 p.m. Central Time for analysts, stockholders, investors and the public.

Participants can join for the voice portion of the call by dialing 1-866- 831-6224 (domestic calls) or 1-617-213-8853 (international calls) starting at 5:45 p.m. Eastern time/ 4:45 p.m. Central time and enter the passcode 15220963; you will be asked for your name and firm's name. The live conference call will also be available via web cast and accessible along with our earnings release the day of the call through the Investor Relations section of our website at http://www.eagletest.com/.

The conference call will be available for replay from approximately 1 hour after completion of the conference call until May 13, 2008. To hear a replay of the call, please dial 1-888-286-8010 (domestic calls) or 1-617-801-6888 (international calls) and enter the passcode 60674706.

About Eagle Test Systems, Inc.

Eagle Test designs, manufactures, sells and services high performance automated test equipment for the semiconductor industry. The company's products are used to test analog, mixed-signal and radio frequency (RF) semiconductors that are used in products such as digital cameras, MP3 players, automotive electronics, cellular telephones, computers and peripherals. The company was founded in 1976 and has offices located throughout the world in Asia, North America and Europe, with corporate headquarters in Buffalo Grove, Illinois. For more information, please visit http://www.eagletest.com/.

Safe Harbor

Certain statements contained in the press release regarding matters that are not historical facts, including statements regarding our projections for revenue, earnings per share and weighted average diluted common shares for the third fiscal quarter ending June 30, 2008 and statements regarding winning new customers, penetrating existing customers with new products with parallel test capabilities, and our business focus in the future are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995). These forward-looking statements involve important factors that could cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Such important factors involve risks and uncertainties, including, but not limited to, the risk associated with the highly cyclical nature of the semiconductor market; unanticipated challenges in assessing business conditions and the overall market; the lack of visibility with regard to future business conditions for our Company and the rapid nature of changes in industry business conditions; the risk of a loss or reduction of orders from one or more customers among which our business is concentrated; the difficulty in obtaining new customers because of the high switching cost; competition and pricing pressures; the decision by customers to cancel or defer orders that previously had been accepted; delays or shortages in an adequate supply of raw materials; insufficient or excess inventory; our ability to develop new and enhanced products; the ability to manage our growth; the ability to attract and retain key employees; prolonged disruption in the operations of our single manufacturing facility; economic, political and other risks associated with international sales and operations; risks related to our intellectual property; risks related to our need to achieve and maintain effective internal controls over financial reporting; risk related to unanticipated impact of stock based compensation and the tax effects there under on our expenses in any period pursuant to FASB Statement 123(R) and other factors that are detailed from time to time in reports filed by Eagle Test Systems, Inc. with the Securities and Exchange Commission, including risks and uncertainties discussed under "Risk Factors" in our Form 10-K, filed with the Securities and Exchange Commission on December 6, 2007. We undertake no obligation to publicly update or revise any forward-looking statements, whether changes occur as a result of new information or future events, after the date they were made.

Company Contact Stephen J. Hawrysz Chief Financial Officer Eagle Test Systems, Inc. 847-327-1033 Financial Tables to Follow Eagle Test Systems, Inc Financial Results (UNAUDITED) (all dollars in 000's except share and per share data) Three Months ended Six Months Ended March 31, March 31, 2008 2007 2008 2007 Net Revenue $33,134 $21,308 $64,134 $45,344 COGS 12,594 8,420 24,533 18,296 Gross margin 20,540 12,888 39,601 27,048 Margin % 62.0% 60.5% 61.7% 59.7% SG&A 9,213 8,668 18,505 16,083 R&D 3,293 2,208 6,202 4,362 Total operating expense 12,506 10,876 24,707 20,445 Operating income 8,034 2,012 14,894 6,603 % of Revenue 24.2% 9.4% 23.2% 14.6% Interest expense 3 235 8 251 Other (income) expense (1) (1,071) (1,212) (2,219) (2,476) Income before taxes 9,102 2,989 17,105 8,828 Tax expense 3,108 1,150 5,785 3,123 Net income $5,994 $1,839 $11,320 $5,705 18.1% 8.6% 17.7% 12.6% Earnings per common share Basic $0.26 $0.08 $0.49 $0.25 Fully diluted $0.26 $0.08 $0.49 $0.25 Shares Basic 22,974,177 22,895,803 22,974,177 22,864,818 Fully diluted 23,096,408 23,122,421 23,109,083 23,099,357 FOOTNOTES: (1)Other (income) expense primarily consists of interest income earned on cash and marketable securities. March 31, September 30, Balance sheet Data (Unaudited) 2008 2007 Cash & investments $76,891 $112,517 Accounts receivables 24,047 18,238 Inventories 36,056 22,233 Current assets 143,617 161,255 Long-term investments 35,858 - Total assets $193,067 $172,570 Accounts payable $13,667 $6,079 Deferred revenue 7,457 6,441 Current liabilities 29,480 19,222 Long-term liabilities 474 1,458 Total liabilities & stockholders equity $193,067 $172,570 End of Table

Eagle Test Systems, Inc.

CONTACT: Stephen J. Hawrysz, Chief Financial Officer of Eagle Test
Systems, Inc., +1-847-327-1033

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

SonicWALL Reports First Quarter 2008 Financial ResultsCompany Reports Year-over-Year Revenue Growth of 23%

SUNNYVALE, Calif., April 29 /PRNewswire-FirstCall/ -- SonicWALL, Inc. , today reported performance in the quarter ended March 31, 2008, with revenue of $55.3 million, representing 23% growth over the first quarter of 2007. The Company shipped 49,000 revenue units in the quarter compared to 48,000 in the first quarter of 2007. Deferred revenue increased $4.7 million in the first quarter, and cash flow from operations was $2.9 million.

Net loss for the first quarter of 2008 calculated in accordance with U.S. generally-accepted accounting principles (GAAP) was $0.07 million, or $0.00 per diluted share. In comparison, GAAP net earnings for the first quarter of 2007 were $2.3 million, or $0.03 per diluted share.

Non-GAAP net earnings for the first quarter of 2008 were $3.2 million or $0.05 per diluted share. In comparison, non-GAAP net earnings for the first quarter of 2007 were $5.0 million, or $0.07 per diluted share. Non-GAAP net income excludes amortization of purchased intangible assets, restructuring charges, and share-based compensation expense primarily associated with the expensing of stock options in accordance with Financial Accounting Standards No. 123R (FAS 123R). An explanation of our use of non-GAAP measures is included in the section in this press release entitled "Use of Non-GAAP Financial Measures."

"The first quarter represented a good start to 2008 for SonicWALL," said Matt Medeiros, CEO of SonicWALL. "Our strategy of developing a complete line of innovative and affordable solutions for our partners and customers has expanded our market opportunity and positioned us well to exceed market growth rates in a challenging economic environment."

Continued Share Repurchase

During the first quarter SonicWALL spent $32.5 million to repurchase 3.8 million shares of its common stock on the open market, bringing the total number of shares repurchased to 20 million for a total cost of approximately $153 million. There is $47 million remaining under the total current share repurchase authorization of $200 million.

Guidance for Q2 2008

SonicWALL expects second quarter 2008 revenue to be in the range of $53.5 million to $57.5 million. The Company expects non-GAAP gross margin to be in the range of 70.5% to 71.5% of revenue.

SonicWALL expects earnings per share in the second quarter of 2008 to be in the range of $0.04 to $0.07 per diluted share on a non-GAAP basis. On a GAAP basis, inclusive of a total of approximately $4.0 million, before taxes, in combined amortization of purchased intangibles assets and share-based compensation expense, the Company expects earnings per share to be in the range of $0.00 - $0.02. Share-based compensation expense associated with the expensing of stock options is estimated to be approximately $3.0 million for the second quarter of 2008.

This is the only statement SonicWALL will be giving during the quarter with respect to guidance, unless a decision is made to provide an update.

Conference Call

A conference call to discuss first quarter 2008 results will take place today, April 29, 2008, at 2:00 p.m. PT (5:00 p.m. ET). SonicWALL President and CEO Matt Medeiros and SonicWALL CFO Rob Selvi will host the call. A web cast of the live call can be accessed at http://www.sonicwall.com/us/company/2518.html. A replay of the call will be available beginning at approximately 5:00 p.m. PT (8:00 p.m. ET) today at the Company's website or by telephone until 5:00 p.m. PT on May 4, at (888) 203-1112 (domestic) or (719) 457-0820 (international). Conference ID number is 7722014.

About SonicWALL, Inc.

Founded in 1991, SonicWALL, Inc. designs, develops and manufactures comprehensive network security, email security, secure remote access, and continuous data protection solutions. For more information, contact SonicWALL at +1 (408) 745-9600 or visit the company web site at http://www.sonicwall.com/.

Use of Non-GAAP Financial Measures

To supplement our consolidated financial statements presented in accordance with GAAP, SonicWALL uses non-GAAP measures of results of operations. These non-GAAP results are provided to enhance the user's overall understanding of our current financial performance and our prospects for the future. We believe the non-GAAP results provide useful information to both management and investors by excluding certain expenses. The non-GAAP measures are included to provide investors and management with an alternative method for assessing SonicWALL's operating results. In addition, since we have historically reported non-GAAP results to the investment community, we believe the inclusion of non-GAAP numbers provides consistency in our financial reporting. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with GAAP.

Cautionary Note Regarding Forward-looking Statements

Certain statements in this press release are "forward-looking statements." The forward-looking statements include without limitation statements regarding our expected revenue for the second quarter of 2008, gross margin on a non-GAAP basis for the second quarter of 2008, earnings per share on a GAAP and non-GAAP basis for the second quarter of 2008, share based compensation expense for the second quarter of 2008, the expanded opportunity associated with our innovative and affordable solutions and our positioning to exceed market growth rates. These forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could affect SonicWALL's actual results include, but are not limited to, increased competition in each of the geographic areas in which we do business; exchange rate fluctuations; global macroeconomic and geopolitical conditions; increased competition across all of the market segments in which SonicWALL participates; new product and service introductions by our competitors; significant turnover of our key employees; and unpredictability in the rate of growth of spending of our customers for products and services that SonicWALL provides. In addition, for a more detailed description of the risks and uncertainties that could cause our actual results to differ materially from those anticipated in the forward-looking statements, please see the "Risk Factors" described in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended December 31, 2007 and our interim reports on Form 10-Q for quarterly periods thereafter. All forward-looking statements included in this release are based upon information available to SonicWALL as of the date of the release, and we assume no obligation to update any such forward-looking statement.

NOTE: SonicWALL is a registered trademark of SonicWALL, Inc. Other product and company names mentioned herein may be trademarks and/or registered trademarks of their respective companies.

SonicWALL, Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited) Three Months Ended March 31, ----------------------- 2008 2007 ----------------------- Revenue: Product $23,741 $22,677 License and service 31,570 22,458 -------- -------- Total revenue 55,311 45,135 -------- -------- Cost of revenue: Product 11,041 9,212 License and service 4,822 3,195 Amortization of purchased technology 754 409 -------- -------- Total cost of revenue 16,617 12,816 -------- -------- Gross profit 38,694 32,319 -------- -------- Operating expenses: Research and development 11,544 9,016 Sales and marketing 22,725 17,319 General and administrative 5,145 5,283 Amortization of purchased intangible assets 293 55 Restructuring charges 1,805 - Total operating expenses 41,512 31,673 -------- -------- Income (loss) from operations (2,818) 646 -------- -------- Interest income and other expense, net 2,620 2,818 -------- -------- Income (loss) before income taxes (198) 3,464 Benefit (provision) for income taxes 132 (1,167) -------- -------- Net income (loss) $(66) $2,297 -------- -------- Net income (loss) per share: Basic $(0.00) $0.04 -------- -------- Diluted $(0.00) $0.03 -------- -------- Shares used in computing net income (loss) per share: Basic 60,988 65,336 Diluted 60,988 67,815 SonicWALL, Inc. NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS Excluding Amortization of Purchased Intangible Assets Restructuring Charges, Share-Based Compensation (In thousands, except per share amounts) (Unaudited) Three Months Ended March 31, ----------------------- 2008 2007 ----------------------- Revenue: Product $23,741 $22,677 License and service 31,570 22,458 -------- -------- Total revenue 55,311 45,135 -------- -------- Cost of revenue: Product 10,961 9,114 License and service 4,787 3,161 -------- -------- Total cost of revenue 15,748 12,275 -------- -------- Gross profit 39,563 32,860 -------- -------- Operating expenses: Research and development 10,716 7,691 Sales and marketing 21,887 15,914 General and administrative 4,465 4,104 -------- -------- Total operating expenses 37,068 27,709 -------- -------- Income from operations 2,495 5,151 -------- -------- Interest income and other expense, net 2,620 2,818 -------- -------- Income before income taxes 5,115 7,969 Provision for income taxes (1,893) (2,949) -------- -------- Non-GAAP net income $3,222 $5,020 -------- -------- Non-GAAP net income per share: Basic $0.05 $0.08 -------- -------- Diluted $0.05 $0.07 -------- -------- Shares used in computing net income per share: Basic 60,988 65,336 Diluted 63,654 67,815 SonicWALL, Inc. RECONCILIATION of GAAP to NON-GAAP NET INCOME (LOSS) (In thousands, except per share amounts) Three Months Ended March 31, -------------------- 2008 2007 -------- -------- Non-GAAP net income $3,222 $5,020 -------- -------- Share-based compensation expense (2,461) (4,041) Amortization of purchased intangible assets (1,047) (464) Restructuring charges (1,805) - Tax effect of adjustments 2,025 1,782 -------- -------- Net effect of pro forma adjustments (3,288) (2,723) -------- -------- Net income (loss) $(66) $2,297 ======== ======== Diluted Non-GAAP net income per share $0.05 $0.07 -------- -------- Diluted net income (loss) per share $(0.00) $0.03 -------- -------- SonicWALL, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS March 31, December 31, 2008 2007 (1) --------------------------------- (Unaudited) (In thousands) ASSETS Current Assets: Cash and cash equivalents $49,547 $33,324 Short-term investments 97,672 195,647 Accounts receivable, net 25,247 26,255 Inventories 8,138 6,057 Deferred tax assets 11,113 11,107 Prepaid expenses and other current assets 14,259 9,447 ---------- ---------- Total current assets 205,976 281,837 Property and equipment, net 9,891 9,357 Goodwill 138,753 138,753 Long-term investments 55,325 - Deferred tax assets, non-current 16,367 16,367 Purchased intangibles and other assets, net 20,212 26,321 ---------- ---------- Total assets $446,524 $472,635 ========== ========== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $14,704 $10,875 Accrued payroll and related benefits 14,563 20,388 Other accrued liabilities 10,272 7,355 Deferred revenue 90,882 88,818 ---------- ---------- Total current liabilities 130,421 127,436 Deferred revenue, non current 15,016 12,419 Other accrued liabilities, non- current - 5,076 ---------- ---------- Total liabilities 145,437 144,931 ---------- ---------- Shareholders' Equity: Common stock, no par value 424,884 446,431 Accumulated other comprehensive loss, net (1,797) (2,284) Accumulated deficit (122,000) (116,443) ---------- ---------- Total shareholders' equity 301,087 327,704 ---------- ---------- Total liabilities and shareholders' equity $446,524 $472,635 ========== ========== (1) December 31, 2007 balances have been derived from the audited financial statements as of the same date. SonicWALL, Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Three Months Ended March 31, ---------------------- 2008 2007 ---------------------- Cash flows from operating activities: Net cash provided by operating activities $2,879 $12,226 --------- --------- Cash flows from investing activities: Purchase of property and equipment (1,683) (1,169) Change in restricted cash in escrow 1,389 270 Maturity and sale of short-term investments, net of purchases 43,138 (3,988) --------- --------- Net cash provided by (used in) investing activities 42,844 (4,887) --------- --------- Cash flows from financing activities: Issuance of common stock under employee stock option and purchase plans 3,047 2,819 Repurchase of common stock (32,547) (9,712) --------- --------- Net cash used in financing activities (29,500) (6,893) --------- --------- Net increase in cash and cash equivalents 16,223 446 Cash and cash equivalents at beginning of period 33,324 25,927 --------- --------- Cash and cash equivalents at end of period $49,547 $26,373 --------- ---------

SonicWALL, Inc.

CONTACT: Investor Relations, Kelly Blough, +1-408-962-6329,
kblough@sonicwall.com, or Media Relations, Colleen Nichols, +1-408-962-6131,
cnichols@sonicwall.com, both of SonicWALL, Inc.

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

Anaren Receives Contracts Worth $13.7 Million

SYRACUSE, N.Y., April 29 /PRNewswire-FirstCall/ -- Anaren, Inc. announced today that it has received two contracts totaling $13.7 million in follow-on orders for jamming and passive ranging subsystems to be deployed in airborne applications.

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

Anaren designs, develops, manufactures and sells highly integrated microwave component assemblies and subsystems for the wireless communications, satellite communications and defense electronics markets.

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: Lawrence A. Sala, President-CEO, or Joseph E. Porcello, VP
Finance, +1-315-432-8909, both of Anaren, Inc.

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

Anaren Reports 3rd Quarter Results

SYRACUSE, N.Y., April 29 /PRNewswire-FirstCall/ -- Anaren, Inc. today reported net sales for the fiscal 2008 third quarter ended March 31, 2008 of $32.6 million, unchanged from the third quarter of last year. Income from continuing operations for the third quarter of fiscal 2008 was $2.0 million, or $0.14 per diluted share, down from income from continuing operations of $3.5 million, or $0.20 per diluted share for the third quarter of last year. Net income for the third quarter of fiscal 2008 was $2.8 million, or $0.19 per share, and included $770,000, or $0.05 per share of income from discontinued operations due to the reduction of an unrecognized tax benefit resulting from the lapse of the applicable statute of limitations related to the prior dissolution of the Company's Netherland subsidiary. This compares to net income of $3.5 million, or $0.20 per diluted share for the third quarter of last year.

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

Proforma net income per share, excluding non cash equity based compensation, for the third quarter ended March 31, 2008 was $0.24 per diluted share and included $0.05 per share for income from discontinued operations. This compares to net income per diluted share, excluding non cash equity based compensation, of $0.24 per share for the third quarter of the previous year.

Gross margin for the third quarter ended March 31, 2008 was 31.1%, compared to 34.8% for the third quarter of last year. The decline in gross margin in the current quarter resulted from manufacturing inefficiencies on several production programs and cost overruns on development projects within the Space & Defense Group, as well as a decline in profitability in the Salem, NH ceramics operation of the Wireless group. As a result of the continued poor financial performance of the ceramics operation, the Company is transitioning the production of the high power wireless resistor product line from the ceramics operation to our Suzhou, China operation. The transition is expected to be completed in the first quarter of fiscal 2009 and will result in more than $1.0 million in annual savings.

Lawrence A. Sala, Anaren's President and CEO said, "Though we remain very optimistic with regard to the near and long term prospects for our Space & Defense business, the execution on several key programs during the quarter was disappointing." Mr. Sala added, "A number of supply chain, quality and product development issues negatively impacted net sales and profit margins for the group in the third quarter."

The effective tax rate on income from continuing operations for the third quarter of fiscal 2008 was 27.4% compared to 28.3% for the third quarter of fiscal 2007. The tax rate for the remainder of fiscal 2008 is expected to be approximately 26.5%.

Operating income for the third quarter of fiscal 2008 was $2.3 million, or 7.0% of net sales, down from $4.0 million, or 12.4% of net sales for the third quarter of last year. The Company incurred a lease charge in the third quarter in the amount of $215,000, or $0.01 per diluted share related to future lease cost in excess of the expected rental income generated from the Company's Frimley, U.K. facility. This charge coupled with the decline in gross margin and a 1.0 percentage point increase in R&D expense as a percent of sales, reduced operating income by 5.4 percentage points for the third quarter of fiscal 2008.

As disclosed in our latest Form 10-K, the Company leases an 18,000 square foot facility in Frimley, England under a non-cancellable lease which runs through February 2014. The building is vacant at this time and the annual rental costs including fees and property taxes are approximately $700,000. The Company has been attempting to sublet the facility for over six months and due to the current real estate market in this area, has not been successful in procuring a new tenant. Currently, the Company believes that it will take a minimum 4 to 6 months to find a tenant and therefore, has reserved for the rent expense over this period. If a tenant is not found during this period, the Company will be required to take additional reserve charges in future quarters.

For the nine months ended March 31, 2008, net sales were $97.1 million, up 4.2% from the first nine months of fiscal 2007. Operating income for the first nine months of fiscal 2008 was $8.1 million, or 8.3% of net sales, down $4.1 million from the same period of last year. Income from continuing operations and net income for the first nine months of fiscal 2008 were $7.3 million, or $0.48 per diluted share and $8.1 million, or $0.53 per share, respectively. This compares to income from continuing operations and net income for the first nine months of fiscal 2007 of $11.0 million, or $0.62 per diluted share.

Balance Sheet

During the third quarter, the Company generated $270,000 in operating cash flow and used $2.8 million to repurchase 194,471 shares of its common stock. Expenditures for capital additions in the third quarter were $2.7 million driven primarily by the expansion and renovation of the Company's East Syracuse, New York manufacturing facility. 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 March 31, 2008 were $42.6 million.

Wireless Group

Wireless Group net sales for the quarter were $20.2 million, up 13.3% from the third quarter of fiscal 2007. Increased demand for standard components predominately from customers in Asia offset continued weakness in demand for custom assemblies from one customer. In general, demand for infrastructure products remains volatile and visibility remains very limited. Sales of consumer component products were $845,000 for the quarter, relatively unchanged from the third quarter of last year due to the continued diversification of design wins.

Customers that generated greater than 10% of Wireless Group net sales for the quarter were Flextronics, Huawei, Motorola, Nokia and Richardson Electronics, Ltd.

Space & Defense Group

Space & Defense Group net sales for the quarter were $12.4 million, down 16.0% from the third quarter of fiscal 2007. The decline in net sales from the third quarter of last year was due to the poor execution on several programs in the current third quarter and the significant sales in the third quarter of last year for counter IED related products. This counter IED program was completed in the fourth quarter of last year.

New orders for the quarter totaled $10.0 million and included contracts for passive ranging and radar subsystems. In addition, the Group received a $3.5 million contract to provide receive/transmit assemblies to the Raytheon Missile Division for the Phalanx System. This initial order is both a key new product and new program win for the group with potential for future orders to support additional upgrades and new system production.

Customers that generated greater than 10% of Space & Defense net sales for the quarter were ITT, Raytheon, Northrop Grumman, and Lockheed Martin.

Space & Defense backlog at March 31, 2008 was approximately $58.0 million. Outlook

For the fourth quarter of fiscal 2008, we expect an increase in sales for the Space & Defense Group and a decrease in demand for Wireless products. As a result, we expect net sales to be in the range of $30 - $33 million for the fourth quarter of fiscal 2008. With an anticipated tax rate of approximately 26.5% and expected stock based compensation expense of approximately $0.05 per diluted share, we expect GAAP net earnings per diluted share to be in the range of $0.12-$0.16 for the fourth 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.

These 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 or repair 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; the ability to successfully transition the production of resistive products from the Company's Salem, New Hampshire facility to the Company's Suzhou China facility; 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 on 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 Tuesday, April 29 at 5:00 p.m. EDT. A replay of the conference call will be available at 8:00 p.m. (EDT) beginning April 29, 2008 through midnight May 2, 2008. 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 4863774. If you are unable to access the Live Webcast, the dial in number for the U.S. is 1-877-856-1958 and International is 1-719-325-4822.

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. and Subsidiaries Consolidated Condensed Statements of Income (Unaudited) Three Months Ended Nine Months Ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2008 2007 2008 2007 Sales $32,618,733 $32,600,635 $97,076,907 $93,126,530 Cost of sales 22,478,241 21,242,154 66,016,934 60,030,937 Gross profit 10,140,492 11,358,481 31,059,973 33,095,593 31.1% 34.8% 32.0% 35.5% Operating expenses: Marketing 1,766,226 1,829,982 5,299,409 5,571,546 Research and development 2,675,685 2,345,034 7,565,676 6,676,042 General and administrative 3,193,705 3,155,894 9,715,555 8,684,862 Lease impairment 214,727 - 418,383 - Total operating expenses 7,850,343 7,330,910 22,999,023 20,932,450 Operating income 2,290,149 4,027,571 8,060,950 12,163,143 7.0% 12.4% 8.3% 13.1% Other income (expense): Other income, primarily interest 535,582 874,297 1,883,991 2,687,983 Interest expense (6,142) (6,143) (52,574) (18,429) Total other income (expense) 529,440 868,154 1,831,417 2,669,554 Income before income taxes 2,819,589 4,895,725 9,892,367 14,832,697 Income taxes 773,000 1,385,000 2,589,000 3,800,000 Income from continuing operations $2,046,589 $3,510,725 $7,303,367 $11,032,697 6.3% 10.8% 7.5% 11.8% Discontinued operations: Income from discontinued operations of Anaren Europe - - - - Income tax benefit 770,000 - 770,000 - Income from discontinued operations $770,000 $- $770,000 $ - Net income $2,816,589 $3,510,725 $8,073,367 $11,032,697 8.6% 10.8% 8.3% 11.8% Basic earnings per share: Income from continuing operations $0.14 $0.20 $0.49 $0.63 Income from discontinued operations 0.05 0.00 0.05 0.00 Net income $0.19 $0.20 $0.54 $0.63 Diluted earnings per share: Income from continuing operations $0.14 $0.20 $0.48 $0.62 Income from discontinued operations 0.05 0.00 0.05 0.00 Net income $0.19 $0.20 $0.53 $0.62 Shares used in computing net income Per share: Basic 14,301,900 17,397,647 15,022,181 17,504,946 Diluted 14,479,862 17,699,597 15,282,144 17,921,998 Anaren, Inc. Consolidated Condensed Balance Sheet March 31, 2008 June 30, 2007 (Unaudited) Assets: Cash, cash equivalents and short-term investments $25,657,018 $43,014,064 Accounts receivable, net 23,147,498 19,768,701 Other receivables 1,541,788 1,606,093 Inventories 27,636,992 24,331,597 Other current assets 2,821,586 3,067,019 Total current assets 80,804,882 91,787,474 Net property, plant and equipment 41,352,684 37,091,786 Securities available for sale 500,000 - Securities held to maturity 16,475,067 31,540,247 Goodwill 30,715,861 30,715,861 Other assets 24,751 68,947 Total assets $169,873,245 $191,204,315 Liabilities and stockholders' equity Liabilities: Accounts payable $9,009,367 $11,717,120 Accrued expenses 2,103,809 3,907,652 Customer advance payments 1,999,898 1,318,812 Other liabilities 2,822,323 1,985,856 Total current liabilities 15,935,397 18,929,440 Other non-current liabilities 5,052,150 5,480,727 Total liabilities 20,987,547 24,410,167 Stockholders' equity: Retained earnings 93,380,180 85,306,813 Common stock and additional paid-in capital 191,631,636 188,149,232 Accumulated comprehensive loss (205,692) (984,640) Less cost of treasury stock (135,920,426) (105,677,257) Total stockholders' equity 148,885,698 166,794,148 Total liabilities and stockholders' equity $169,873,245 $191,204,315 Anaren, Inc. Consolidated Condensed Statements of Cash Flows (Unaudited) Nine Months Three Months Ended Ended Mar. 31, 2008 Mar. 31, 2007 Cash flows from operating activities: Net income $ 8,073,367 $2,816,589 Income from discontinued operations 770,000 770,000 Income from continuing operations 7,303,367 2,046,589 Adjustments to reconcile income from continuing operations to net cash provided by operating activities: Depreciation and amortization of plant and equipment 4,957,528 1,579,415 Amortization 473,220 140,070 Provision for doubtful accounts (24,197) (242) Deferred income taxes 89,000 705,000 Equity based compensation 2,781,092 942,830 Receivables (3,272,600) (2,438,128) Inventories (3,312,017) (565,005) Accounts payable (1,652,316) (1,118,254) Other assets and liabilities 282,567 (1,021,973) Net cash provided by continuing operations 7,625,644 270,302 Net cash used for discontinued operations - - Net cash provided by operating activities 7,625,644 270,302 Cash flows from investing activities: Capital expenditures (9,767,865) (2,659,843) Net maturities of marketable debt and equity securities 30,047,265 4,609,775 Net cash provided by investing activities 20,279,400 1,949,932 Cash flows from financing activities: Stock options exercised 591,004 52,063 Tax benefit from exercise of stock options 116,932 10,822 Purchase of treasury stock (30,243,169) (2,751,891) Net cash used in financing activities (29,535,233) (2,689,006) Effect of exchange rates 190,948 132,332 Net decrease in cash and cash equivalents (1,439,241) (336,440) Cash and cash equivalents at beginning of period 7,912,276 6,809,475 Cash and cash equivalents at end of period $6,473,035 $6,473,035 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. The chart below, compares results on a GAAP basis to pro-forma results excluding non- cash equity based compensation.

Anaren, Inc. Reconciliation of GAAP and Pro-forma Gross Profit, Operating Income, Net Income and Earnings Per Share Three Months Ended Nine Months Ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2008 2007 2008 2007 Net sales $32,618,733 $32,600,635 $97,076,907 $93,126,530 GAAP gross profit 10,140,492 11,358,481 31,059,973 33,095,593 % of sales 31.1% 34.8% 32.0% 35.5% Stock based compensation expense 192,914 226,065 625,487 745,757 Proforma gross profit $10,333,406 $11,584,546 $31,685,460 $33,841,350 % of sales 31.7% 35.5% 32.6% 36.3% GAAP operating income $2,290,149 $4,027,571 $8,060,950 $12,163,143 % of sales 7.0% 12.4% 8.3% 13.1% Stock based compensation expense 942,830 851,441 2,781,092 2,534,990 Proforma operating income $3,232,979 $4,879,012 $10,842,042 $ 14,698,133 % of sales 9.9% 15.0% 11.2% 15.8% GAAP net income $2,816,589 $3,510,725 $8,073,367 $11,032,697 % of sales 8.6% 10.8% 8.3% 11.8% Stock based compensation expense, net of tax 699,830 685,441 2,065,092 2,046,990 Proforma net income $3,516,419 $4,196,166 $10,138,459 $13,079,687 % of sales 10.8% 12.9% 10.4% 14.0% Diluted earnings per share: GAAP net income $0.19 $0.20 $0.53 $0.62 Stock based compensation expense, net of tax 0.05 0.04 0.13 0.11 Proforma net income per share $0.24 $0.24 $0.66 $0.73 Shares used in computing net income per share: Diluted 14,479,862 17,699,597 15,282,144 17,921,998

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 of Anaren, Inc.,
+1-315-362-0514

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

National Semiconductor Eliminates 130 Positions to Align Resources With Strategic Focus Areas

SANTA CLARA, Calif., April 29 /PRNewswire-FirstCall/ -- National Semiconductor Corp. today announced it would eliminate approximately 130 positions across the company, primarily in product line and support functions. This action reflects the company strategically aligning its resources as part of National's focus on accelerating revenue growth in key market areas that require better power management and energy efficiency. As part of this, National continues to develop its PowerWise(R) brand of products, which focuses on analog solutions that provide significantly better power efficiency at the system level.

In the current fourth fiscal quarter, which ends May 25, 2008, National expects to record approximately $10 million of charges primarily for severance, of which the vast majority relates to this action, and a small portion relates to the company's factory modernization effort that was announced on January 21, 2008.

National, which currently employs approximately 7,300 people worldwide, is scheduled to announce its fourth quarter fiscal 2008 financial results and hold a conference call on Thursday, June 5, 2008, at which time the company will also provide an outlook for the first quarter of fiscal 2009.

Special Note

This release contains forward-looking statements dependent on a number of risks and uncertainties pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Except for historical information contained herein, the matters set forth in this press release, including management's expectations regarding future financial performance, are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. A more complete list of risk factors is included in the Company's Annual Report on Form 10-K for the fiscal year ended May 27, 2007 under the captions "Outlook", "Risk Factors" and "Management's Discussion and Analysis of Financial Conditions and Results of Operations" contained therein and the Form 10-Q for the quarter ended February 24, 2008.

About National Semiconductor

National Semiconductor, the industry's premier analog company, creates high-value analog devices and subsystems. National's leading-edge products include power management circuits, display drivers, audio and operational amplifiers, interface products and data conversion solutions. National's key analog markets include wireless handsets, displays, communications infrastructure, medical, automotive, industrial, and test and measurement applications. Headquartered in Santa Clara, Calif., National reported sales of $1.93 billion for fiscal 2007, which ended May 27, 2007. Additional company and product information is available at http://www.national.com/.

Media Contact: Financial: LuAnn Jenkins Mark Veeh National Semiconductor National Semiconductor (408) 721-2440 (408) 721-5007 luann.jenkins@nsc.com invest.group@nsc.com

National Semiconductor Corporation

CONTACT: Media, LuAnn Jenkins, +1-408-721-2440, luann.jenkins@nsc.com,
or Financial, Mark Veeh, +1-408-721-5007, invest.group@nsc.com, both of
National Semiconductor

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

Advent Software Achieves Record Quarterly Revenue of $61.5 Million, a 28% Increase Over Prior YearCompany Also Announces Quarterly Term Contract Value of $15.7 Million, a 41% Increase Over Prior Year

SAN FRANCISCO, April 29 /PRNewswire-FirstCall/ -- Advent Software, Inc. , the award-winning provider of software and services to the investment management i