Spansion Reports Second Quarter Fiscal 2008 Results

SUNNYVALE, Calif., July 15 /PRNewswire-FirstCall/ -- Spansion Inc., the world's largest pure-play provider of Flash memory solutions, today announced results for the second quarter ended June 29, 2008.

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Net sales for the second quarter of 2008 were $613 million, up 7 percent compared to net sales of $570 million in the first quarter of 2008 and up from net sales of $609 million in the second quarter of 2007. Spansion MirrorBit(R) solutions as a percentage of net sales reached an all time high at approximately 80 percent.

Gross margin increased to 17.8 percent in the second quarter of 2008 compared to 16.6 percent in the first quarter of 2008. The improved gross margin was primarily a result of increased sales of higher margin Spansion MirrorBit solutions, growth of 90nm product sales, continued improvement of the company's internal manufacturing, and a reduction of external foundry purchases. The manufacturing improvements more than offset incremental start-up costs associated with SP1. A decrease in non-SP1 inventory offset the increase of 65nm SP1 inventory, resulting in a decline in days of inventory compared to the first quarter of 2008. Blended average selling prices decreased two percent in the second quarter of 2008 compared to the prior quarter.

During the second quarter, Spansion engaged in restructuring activities which resulted in a $10 million charge. Including the restructuring charge, the operating loss was $77 million in the second quarter of 2008, representing a 24 percent improvement compared to the operating loss of $101 million in the prior quarter. Net loss for the second quarter of 2008 was $101 million, or $0.63 per share, compared to a net loss of $118 million, or $0.85 per share, in the first quarter of 2008. EBITDA for the second quarter of 2008 improved to $88 million, or 14 percent of net sales, compared to 9 percent of net sales in the first quarter of 2008. Refer to accompanying table for a reconciliation of non-GAAP measures to their related GAAP measures.

"The company's results were above our expectations, mainly driven by strong performance in the consumer segment. We also held our position in the wireless segment, despite the difficult business environment," said Bertrand Cambou, president and CEO, Spansion Inc. "With the continued ramp to production of multiple product families at SP1, we are reaffirming our full-year business outlook."

Division Highlights

The company's Consumer, Set Top Box and Industrial Division (CSID) reported an increase in net sales of 14 percent to $312 million for the second quarter of 2008, compared to $274 million in the first quarter of 2008 resulting in segment share gains. Acceleration of high density MirrorBit sales was the driving force for growth in CSID with MirrorBit solutions accounting for the total sequential net sales increase.

The company's Wireless Solutions Division (WSD) reported flat sequential net sales for the second quarter of 2008 of $296 million. Increased sales of 65nm solutions from SP1 resulted in higher average densities compared to the prior quarter. The company continued sampling MirrorBit Eclipse solutions into multiple key accounts with customer qualification expected in the third quarter of 2008.

Additional Highlights -- A heightened focus on the alignment and restructuring of the company to improve operating efficiencies and cost structure by: - accelerating the transfer of positions to more cost effective regions including China and Malaysia - establishing strategic partnerships in technology development and manufacturing - reducing approximately 500 regular and contract positions globally -- A revolutionary new memory solution, called Spansion EcoRAM(TM), that extends the applicability of the company's technology beyond traditional Flash memory segments into higher margin markets: - enabling high performance instant search capability in Internet servers - significantly reducing energy consumption and total cost of Internet data centers -- Successful integration of Saifun Semiconductors Ltd., now operating as wholly owned subsidiary of Spansion: - leveraging Spansion's large IP portfolio to drive new licensing revenue streams - significantly expanding design expertise for MirrorBit-based product development -- Approximately $75 million of second quarter planned capital equipment will be delivered in the second half of 2008. Total capital expenditures in the second quarter of 2008 were $110 million

Spansion's outlook for the third quarter of 2008 and fiscal year 2008 is based on current expectations and subject to various factors including those set forth in the Cautionary Statement below.

Third Quarter of 2008 Outlook -- Net sales for the third quarter of 2008 are expected to increase slightly from the prior quarter -- Gross margin for the third quarter of 2008 is expected to increase one to two percentage points from the prior quarter -- SG&A and R&D expenses are expected to be flat compared to the prior quarter -- Capital expenditures for the third quarter of 2008 are expected to be relatively flat compared to the prior quarter Spansion's outlook for full year fiscal 2008 -- Net sales for fiscal year 2008 are expected to be flat to slightly up compared to fiscal year 2007 and financial performance is expected to improve -- Capital expenditures for fiscal year 2008 are expected to be less than $500 million, a greater than 50% reduction from fiscal year 2007 -- Spansion expects to be free cash flow positive during the second half of the 2008 fiscal year (Note: free cash flow positive, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities minus capital expenditures) Investor Conference Call

Spansion will host a conference call today, July 15, 2008, at 1:30 p.m. PT/ 4:30 p.m. ET to discuss the quarterly results. A live audio-only web cast of the call will be made available in the Investor Relations section of the company's web site at http://www.spansion.com/. In addition, we are providing a slide presentation regarding our quarterly results and other financial information, which will be posted to the company's web site immediately prior to the conference call. The slide presentation will be available for viewing in the Investor Relations section of the company's web site at http://www.spansion.com/ although we reserve the right to discontinue that availability at any time. A replay of the call will be made available on the company's investor relations web site at http://www.spansion.com/ following the call.

Cautionary Statement

This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the expectation of customer qualification of MirrorBit Eclipse solutions with multiple key accounts in the third quarter of 2008, the expectation that Spansion EcoRAM will enabling high performance instant search capability in Internet servers and significantly reduce energy consumption and total cost of Internet data centers, the expectation that Saifun will drive new licensing revenue streams, the expectation that net sales: (i) for the third quarter of 2008 will increase slightly from the prior quarter and (ii) for fiscal year 2008 are expected to be flat to slightly up compared to fiscal year 2007, the expectation that gross margin for the third quarter of 2008 will increase one to two percentage points from the prior quarter, the expectation that SG&A and R&D expenses will be flat compared to the prior quarter, the expectation that capital expenditures: (i) for the third quarter of 2008 will be flat compared to the second quarter 2008 and (ii) for fiscal year 2008 will be less than $500 million, and the expectation that Spansion will be free cash flow positive by the end of the 2008 fiscal year. Investors are cautioned that the forward-looking statements in this release involve risks and uncertainties that could cause actual results to differ materially from the company's current expectations. Risks that the company considers to be the important factors that could cause actual results to differ materially from those set forth in the forward-looking statements include demand for the company's Flash memory products will be lower than currently expected; that average selling prices may decline; loss of key intellectual property arrangements creates a greatly increased risk of patent or other intellectual property infringement claims; the high cyclicality of the Flash memory market which has experienced severe downturns; that adverse financial market conditions may impeded access to or increase the cost of financing operations and investments; that Spansion may not be effective in expense reduction efforts; that OEMs will increasingly choose NAND-based Flash memory products over the company's MirrorBit architecture-based Flash memory products for their applications; that the company has a significant amount of debt, and such debt could subject us to restrictive covenants; that the company may not achieve facilities and capacity implementation schedules as a result of factors such as insufficient cash flows and unavailable external financing; that the company may lose a key customer, or experience a reduction of demand from a key customer; that the company will not successfully develop, introduce and commercialize new products and technologies or to accelerate our product development cycle; that competitors may introduce new memory or other technologies that may make our Flash memory products uncompetitive or obsolete; that the company may fail to successfully develop next generation products; customers' ability to change booked orders may lead to excess inventory; that the company's investments in research and development may not lead to timely improvements in technology; that the company may experience manufacturing constraints or fail to achieve manufacturing efficiencies; the company may experience manufacturing disruptions of suppliers interrupt supply or increase prices for raw materials; that Spansion may not realize the expected value of Saifun's NROM technology; the merger with Saifun may not result in benefits that Spansion anticipates as a result of integration or other challenges; and intellectual property claims or litigation could cause the company to incur substantial costs or pay substantial damages or prohibit sales of its products. The company urges investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the company's Annual Report on Form 10-K for the fiscal year ended December 30, 2007 and the company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 30, 2008. The company assumes no obligation to update any forward-looking statements or information included in this press release.

About Spansion

Spansion is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in wireless, automotive, networking and consumer electronics applications. Spansion, previously a joint venture of AMD and Fujitsu, is the largest company in the world dedicated exclusively to designing, developing, manufacturing, marketing, selling and licensing Flash memory solutions. For more information, visit http://www.spansion.com/.

Spansion(R), the Spansion logo, MirrorBit(R), MirrorBit(R) Eclipse(TM), ORNAND(TM), ORNAND2(TM), HD-SIM(TM) and combinations thereof, are trademarks of Spansion LLC in the U.S. and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.

Spansion Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Quarter Ended Jun. 29 Mar. 30 Jul. 1 2008 2008 2007 (Unaudited) (Unaudited) (Unaudited) Net sales $612,720 $570,272 $609,172 Cost of sales (*) 503,571 475,810 501,033 Gross profit 109,149 94,462 108,139 Other expenses: Research and development 108,303 120,321 110,900 Sales, general and administrative 68,264 64,764 61,947 Acquisition related in-process research and development - 10,800 - Restructuring charges (*) 9,922 - - Operating loss (77,340) (101,423) (64,708) Interest and other income (expense), net 2,536 3,379 11,672 Interest expense (27,663) (20,991) (17,542) Loss before income taxes (102,467) (119,035) (70,578) Benefit for income taxes (1,824) (564) (3,676) Net loss $(100,643) $(118,471) $(66,902) Net loss per common share Basic and diluted (**) $(0.63) $(0.85) $(0.50) Shares used in per share calculation - Basic and diluted (**) 160,196 138,765 134,827 * Restructuring charges for the quarter ended June 29, 2008 include $3,123 related to cost of sales. ** Shares used in per share calculation is computed based on the weighted-average number of common shares outstanding during the period. The shares used in net loss per common share calculation for the quarters ended Jun. 29, 2008 and Mar. 30, 2008 included 22,729 thousand and 3,247 thousand of weighted-average common shares, respectively, related to the acquisition of Saifun Semiconductors Ltd. Spansion Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) Jun. 29 Mar. 30 Dec. 30 2008 2008 2007* Assets (Unaudited) (Unaudited) Current assets: Cash and cash equivalents $240,442 $333,051 $199,092 Marketable securities 108,479 121,900 216,650 Accounts receivable, net 371,399 340,431 379,962 Inventories 636,389 633,102 583,869 Deferred income taxes 29,133 31,597 26,607 Prepaid expenses and other current assets 43,277 51,181 46,452 Total current assets 1,429,119 1,511,262 1,452,632 Property, plant and equipment, net 2,365,211 2,488,538 2,271,964 Deferred income taxes 40,014 35,640 29,957 Acquisition related intangible assets, net 60,437 63,113 - Goodwill 19,289 17,782 - Other assets 85,619 75,947 61,092 Total Assets $3,999,689 $4,192,282 $3,815,645 Liabilities and Stockholders' Equity Current liabilities: Note payable to banks under revolving loans $128,930 $130,418 $- Accounts payable and accrued liabilities 694,255 669,790 643,764 Accrued compensation and benefits 78,099 71,698 60,778 Income taxes payable 4,809 4,267 13,818 Deferred income on shipments to distributors 46,688 54,629 39,957 Current portion of long-term debt and capital lease obligations 144,767 160,313 101,797 Total current liabilities 1,097,548 1,091,115 860,114 Deferred income taxes 7,023 4,393 186 Long-term debt and capital lease obligations 1,312,377 1,362,578 1,299,536 Other long-term liabilities 28,595 24,872 23,361 Stockholders' equity 1,554,146 1,709,324 1,632,448 Total liabilities and stockholders' equity $3,999,689 $4,192,282 $3,815,645 * Derived from the December 30, 2007 audited financial statements of Spansion Inc. Spansion Inc. SELECTED CASH FLOW INFORMATION (In millions) Quarter Ended Jun. 29, Mar. 30, Jul. 1 2008 2008 2007 Depreciation & Amortization $162 $142 $129 Amortization of intangibles and other acquisition-related costs $3 $11 $- Purchases of property, plant and equipment $110 $227 * $595 * Purchases of property, plant and equipment for the quarter ended March 30, 2008 include non-cash equipment capital leases of $50M. Spansion Inc. RECONCILIATION OF NET INCOME (LOSS) TO EBITDA (In millions) Quarter Ended Jun. 29 Mar. 30 Jul. 1 2008 2008 2007 Net loss $(101) $(118) $(67) Interest expense, net 26 18 13 Income tax benefit (2) (1) (4) Acquisition related in-process R&D - 11 - Depreciation and amortization expense 165 142 129 EBITDA $88 $52 $71

Earnings before interest, tax, depreciation and amortization (EBITDA) is defined by the company as net loss before net interest expense, income tax benefit, acquisition related in-process R&D and depreciation and amortization expense. The Company uses this non-GAAP financial measure to provide meaningful supplemental information regarding Spansion's operational performance of current and historical results as the Company uses this non-GAAP measure for strategic and business decision making, internal budgeting, forecasting and resource allocation process.

Moreover, this non-GAAP financial measure facilitates Spansion's and the investment community's comparison of Spansion's operating results to its competitors' operating results which currently may not include acquisition related expenses therefore making their reported financial information easily comparable to the Company's operating results.

There are limitations in using this non-GAAP financial measure because it is not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for GAAP financial measures. The non-GAAP financial measure should be viewed in conjunction with GAAP financial measures. Investors should review the reconciliation of the non-GAAP financial measure to its most directly comparable GAAP financial measure as provided in the preceding table.

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PRN Photo Desk, photodesk@prnewswire.com Spansion Inc.

CONTACT: Investors, Linda Rothemund, +1-415-445-3240,
linda@marketstreetpartners.com, for Spansion Inc.; or Media, Holly L.
Burkhart, +1-408-616-1170, Holly.Burkhart@spansion.com, both of Spansion Inc.

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

EDGAR Online to Report Second Quarter Results and Host Conference Call on Tuesday, July 29, 2008

NEW YORK, July 15 /PRNewswire-FirstCall/ -- EDGAR(R) Online(R), Inc. , a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals, will release its financial results for the second quarter ended June 30, 2008, after the public capital markets close on Tuesday, July 29, 2008. On the same day, EDGAR Online will host a conference call at 5:00 PM EDT to discuss the Company's second quarter results.

EDGAR Online CEO/President, Philip Moyer, and CFO, John Ferrara, will host the call. To participate, please call (866) 334-3876 (toll-free for domestic callers), or (416) 849-4292 (international callers). The call will also be broadcast simultaneously and archived on the Internet at: http://www.edgar-online.com/investor/ .

Investors can access the teleconference replay beginning July 29, 2008 after 7:00 PM EDT through August 4, 2008. To access the replay, dial (866) 245-6755 (domestic) or (416) 915-1035 (international). The replay passcode is 678857.

About EDGAR Online, Inc.

EDGAR Online, Inc. is a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals. The company makes its information and a variety of analysis tools available via online subscriptions and licensing agreements to a large user base. For more information, please visit http://www.edgar-online.com/ .

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. EDGAR Online, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise.

Please refer to the documents filed by EDGAR Online, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with our ability to (i) increase revenues, (ii) obtain profitability, (iii) obtain additional financing, (iv) changes in general economic and business conditions (including in the online business and financial information industry), (v) actions of our competitors, (vi) the extent to which we are able to develop new services and markets for our services, (vii) the time and expense involved in such development activities, (viii) risks in connection with acquisitions, (ix) the level of demand and market acceptance of our services, and (x) changes in our business strategies.

EDGAR(R) is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.

EDGAR Online, Inc.

CONTACT: John Ferrara, Chief Financial Officer of EDGAR Online, Inc.,
jferrara@edgar-online.com; or T. David Colgren of Colcomgroup, Inc. for EDGAR
Online, Inc., +1-646-536-5103, dcolgren@colcomgroup.com

Web site: http://www.edgar-online.com/
http://www.edgar-online.com/investor

Seagate Technology Reports Fiscal Fourth Quarter and Year-End 2008 Results- Annual revenue grows 12%; quarterly revenue grows 6% year-over-year - Annual net income increases to $1.3 billion - Annual shipments grow 15% to 183 million - Quarterly shipments up 10% to 43 million year-over-year

SCOTTS VALLEY, Calif., July 15 /PRNewswire-FirstCall/ -- Seagate Technology today reported disc drive unit shipments of approximately 43 million, revenue of $2.9 billion, GAAP net income of $160 million, and diluted net income per share of $0.32 for the quarter ended June 27, 2008. GAAP net income and diluted net income per share includes approximately $23 million of purchased intangibles amortization and other charges associated with Seagate's recent acquisitions. Excluding these items, non-GAAP net income and diluted net income per share were $183 million and $0.37, respectively. Included in both GAAP and non-GAAP results are restructuring charges of approximately $36 million or approximately $0.07 per share.

For the twelve months ended June 27, 2008, Seagate reported revenue of $12.7 billion, GAAP net income of $1.3 billion, and diluted net income per share of $2.36. GAAP net income and diluted net income per share includes approximately $113 million of purchased intangibles amortization and other charges associated with Seagate's recent acquisitions and also a net gain from asset sales of approximately $19 million. Excluding these items, non-GAAP net income and diluted net income per share were $1.4 billion and $2.54, respectively. Included in both GAAP and non-GAAP results are restructuring and other charges of approximately $88 million or approximately $0.16 per share.

"We delivered strong growth in fiscal year 2008, with unit volume and revenue up 15% and 12%, respectively over fiscal year 2007, and with net income of $1.3 billion," said Bill Watkins, Seagate chief executive officer. "Sequentially, our market-leading share positions remained unchanged in the enterprise and desktop markets, we grew our leading share position in the consumer electronics market, and we grew share in the notebook and retail markets. Were it not for some product execution issues in the notebook and nearline markets, we believe we would have delivered an even stronger quarter and year, with improved share positions. We have now made significant strides in reclaiming our product leadership in these areas. While we expect that the residual effects of the previously missed execution will be reflected in the first quarter, we believe that we will grow revenue and improve earnings throughout the remainder of FY2009."

A reconciliation of adjustments made to GAAP net income and diluted net income per share can be found following the financial statements included with this press release. Additional information relating to the financial results for the fourth fiscal quarter of 2008 can be found online at seagate.com.

Business Outlook

For the September quarter, Seagate expects to report revenue of $3.15 - $3.3 billion, and GAAP diluted net income per share of $0.18 - $0.22. Adjusting for approximately $20 million of purchased intangibles amortization and other charges associated with past closed acquisitions, non-GAAP diluted net income per share for the September quarter is expected to fall within the range of $0.22 - $0.26. The GAAP and non-GAAP outlook for the September quarter does not include restructuring costs or accelerated depreciation charges relating to the previously announced closing of our substrate operations in Limavady and the finished media operations in Milpitas. Additionally, the outlook does not include the impact of any future acquisitions, stock repurchases or potential restructuring activities the company may undertake during the quarter.

For fiscal 2009, Seagate believes the demand trends for storage continue to support healthy industry unit growth of 10-15% and industry revenue growth of 5-10%. Specific to Seagate, the company is confident that its performance relative to time-to-market, inventory management and its overall cost structure will improve as it executes the plans that are currently in place. Financial performance improvement will be incremental as the company implements numerous changes across the business during the first half of the fiscal year. As such, Seagate expects gross margins to begin improving with the December quarter and settle into the targeted range of 21-25% for the balance of the fiscal year.

Dividend and Stock Repurchase

The company has declared a quarterly dividend of $0.12 per share to be paid on or before August 15, 2008 to all common shareholders of record as of August 1, 2008.

During the quarter ended June 27, 2008 the company purchased, under a 10b5-1 qualified stock repurchase plan, 9.1 million of its common shares at an average cost of $21.36. The company has authorization to purchase approximately $2.0 billion of additional shares under the current stock repurchase program.

Conference Call

Seagate will hold a conference call to review the fiscal fourth quarter and year-end results at 2:00 p.m. Pacific Time today. The conference call can be accessed online at seagate.com or by phone as follows:

USA: (877) 223-6202 International: (706) 679-3742 Conference ID: 53915411 Replay

A replay will be available beginning today at 6:00 p.m. Pacific Time through July 22 at 8:59 p.m. Pacific Time. The replay can be accessed from seagate.com or by phone as follows:

USA: (800) 642-1687 International: (706) 645-9291 Conference ID: 53915411 About Seagate

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

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the company's future operating and financial performance, including expected revenue, net income and diluted earnings per share (presented on a GAAP basis as well as on a non-GAAP adjusted basis), price and product competition, customer demand for our products, and general market conditions. These forward-looking statements are based on information available to Seagate as of the date of this press release. Current expectations, forecasts and assumptions involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks, uncertainties, and other factors may be beyond the company's control. In particular, such risks and uncertainties include the impact of the variable demand and the aggressive pricing environment for disc drives, particularly in view of current economic conditions; dependence on Seagate's ability to successfully qualify, manufacture and sell its disc drive products in increasing volumes on a cost-effective basis and with acceptable quality, particularly the new disc drive products with lower cost structures; the impact of competitive product announcements and possible excess industry supply with respect to particular disc drive products; our ability to achieve projected cost savings in connection with our announced restructuring plans; and market conditions and alternative cash imperatives which could impact our ability to repurchase stock. Information concerning risk, uncertainties and other factors that could cause results to differ materially from those projected in the forward-looking statements is contained in the company's Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on August 27, 2007 and in the company's Quarterly Report on Form 10-Q as filed with the U.S. Securities and Exchange Commission on April 29, 2008, which statements are incorporated into this press release by reference. These forward-looking statements should not be relied upon as representing the company's views as of any subsequent date and Seagate undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.

SEAGATE TECHNOLOGY CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) June 27, June 29, 2008 2007 (a) ASSETS Cash and cash equivalents $990 $988 Short-term investments 151 156 Accounts receivable, net 1,410 1,383 Inventories 945 794 Deferred income taxes 274 196 Other current assets 502 284 Total Current Assets 4,272 3,801 Property, equipment and leasehold improvements, net 2,464 2,278 Goodwill 2,352 2,300 Other intangible assets 111 188 Deferred income taxes 616 574 Other assets, net 305 331 Total Assets $10,120 $9,472 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $1,652 $1,301 Accrued employee compensation 440 157 Accrued expenses, other 825 786 Accrued income taxes 10 75 Current portion of long-term debt 360 330 Total Current Liabilities 3,287 2,649 Other non-current liabilities 367 353 Long-term accrued income taxes 210 - Long-term debt, less current portion 1,670 1,733 Total Liabilities 5,534 4,735 Shareholders' Equity 4,586 4,737 Total Liabilities and Shareholders' Equity $10,120 $9,472 (a) The information in this column was derived from the Company's audited consolidated balance sheet as of June 29, 2007. SEAGATE TECHNOLOGY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) For the Three Months Ended For the Year Ended June 27, June 29, June 27, June 29, 2008 2007 2008 2007 Revenue $2,899 $2,744 $12,708 $11,360 Cost of revenue 2,208 2,150 9,503 9,175 Product development 270 221 1,028 904 Marketing and administrative 175 143 659 589 Amortization of intangibles 13 13 54 49 Restructuring and other, net 36 29 88 29 Total operating expenses 2,702 2,556 11,332 10,746 Income from operations 197 188 1,376 614 Interest income 6 14 57 73 Interest expense (30) (33) (126) (141) Other, net 9 2 22 15 Other expense, net (15) (17) (47) (53) Income before income taxes 182 171 1,329 561 Provision for (benefit from) income taxes 22 (370) 67 (352) Net income $160 $541 $1,262 $913 Net income per share: Basic $0.33 $1.00 $2.46 $1.64 Diluted 0.32 0.96 2.36 1.56 Number of shares used in per share calculations: Basic 484 539 512 558 Diluted 500 564 538 587 SEAGATE TECHNOLOGY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) For the Year Ended June 27, June 29, 2008 2007 OPERATING ACTIVITIES Net income $1,262 $913 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortization 844 851 Stock-based compensation 113 128 Deferred income taxes 10 (365) Allowance for doubtful accounts receivable, net of recoveries (3) 40 Redemption charges on 8% Senior Notes due 2009 - 19 In-process research and development 4 4 Other non-cash operating activities, net (16) 36 Changes in operating assets and liabilities: Current assets and liabilities 133 (781) Non-current assets and liabilities 191 98 Net cash provided by operating activities 2,538 943 INVESTING ACTIVITIES Acquisition of property, equipment and leasehold improvements (930) (906) Proceeds from sale of fixed assets 29 55 Purchases of short-term investments (486) (322) Maturities and sales of short-term investments 460 997 Acquisitions, net of cash acquired (78) (178) Other investing activities, net 14 (48) Net cash used in investing activities (991) (402) FINANCING ACTIVITIES Net proceeds from issuance of long-term debt - 1,477 Repayment of debt (34) (405) Redemption premium on 8% Senior Notes due 2009 - (16) Proceeds from exercise of employee stock options and employee stock purchase plan 178 219 Dividends to shareholders (216) (212) Repurchases of common shares (1,479) (1,526) Other financing activities, net 6 - Net cash used in financing activities (1,545) (463) Increase in cash and cash equivalents 2 78 Cash and cash equivalents at the beginning of the year 988 910 Cash and cash equivalents at the end of the year $990 $988 Use of non-GAAP financial information

Our results of operations have undergone significant change in the past two years, most significantly in connection with our acquisition of Maxtor. To help the readers of our condensed consolidated financial statements prepared on a GAAP basis better understand our past financial performance and our expectations of our future results, we supplementally disclose, after making certain non-GAAP adjustments, non-GAAP net income and non-GAAP diluted net income per share. We also provide forecasts of these non-GAAP financial measures. A reconciliation of the adjustments to GAAP net income and diluted net income per share for the quarter and annual periods are presented in the tables below. In addition, an explanation of the ways in which our board of directors and management use these non-GAAP financial measures to evaluate the business, the substance behind our management's decision to use these non-GAAP financial measures, the material limitations associated with the use of these non-GAAP financial measures, the manner in which Seagate management compensates for those limitations, and the substantive reasons why we believe that these non-GAAP financial measures provide useful information to investors is included under the caption "Use of Non-GAAP Financial Measures" in the Form 8-K furnished today with the U.S. Securities and Exchange Commission. This additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for net income or diluted net income per share prepared in accordance with GAAP. You should not compare our non-GAAP net income or non-GAAP diluted net income per share results with those of other companies, as the adjustments made to our GAAP results are unique to Seagate.

SEAGATE TECHNOLOGY ADJUSTMENTS TO GAAP NET INCOME AND DILUTED NET INCOME PER SHARE (In millions, except per share data) (Unaudited) For the For the Three Months Ended Year Ended June 27, 2008 June 27, 2008 GAAP net income $160 $1,262 Non-GAAP adjustments: Acquisition related adjustments: - Amortization of purchased intangible assets A 20 94 - Write-off of in-process research and development B - 4 - Stock-based compensation C 3 15 - Gain on the sale of certain assets D - (19) Adjustments for taxes E - - Non-GAAP net income 183 1,356 Diluted net income per share: GAAP $ 0.32 $ 2.36 Non-GAAP $ 0.37 $ 2.54 Shares used in diluted net income per share calculation: 500 538 A For the three months and year ended June 27, 2008, amortization of purchased intangible assets acquired in acquisitions was allocated as follows: For the For the Three Months Ended Year Ended June 27, 2008 June 27, 2008 Cost of revenue $7 $40 Amortization of intangibles 13 54 Total amortization of purchased intangible assets $20 $94 B To exclude the write-off of in-process research and development related to the MetaLINCS acquisition (allocated to Product development) C For the three months and year ended June 27, 2008, stock-based compensation expense related to the Maxtor acquisition was allocated as follows: For the For the Three Months Ended Year Ended June 27, 2008 June 27, 2008 Cost of revenue $1 $2 Product development 2 10 Marketing and administrative - 3 Total stock-based compensation expense $3 $15 D To exclude the gain on the sale of certain assets (allocated to Other income, net) E To exclude the tax effects, where applicable, of adjustments to GAAP net income

Seagate Technology

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

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

Stanley Adds New Customers, Contract Vehicles and Service Offerings with Closing of Oberon Acquisition

ARLINGTON, Va., July 15 /PRNewswire-FirstCall/ -- Stanley, Inc. , a leading provider of systems integration and professional services to the U.S. federal government, announced today that it has completed its acquisition of Oberon Associates, Inc., an engineering, intelligence operations and information technology services company.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO )

As previously announced, Stanley entered into a definitive agreement to acquire Oberon on June 10, 2008. The purchase price at closing was approximately $170 million, net of cash acquired, subject to certain post-closing working capital and other adjustments.

Founded in 2002, Oberon provides engineering, operational intelligence and information technology support to multiple elements of the U.S. Army, in addition to the U.S. Air Force, Defense Information Systems Agency, Transportation Security Administration and several agencies throughout the intelligence community. Oberon's areas of expertise include biometrics systems engineering, integration and operational deployment; intelligence community support; communications engineering; and information technology and enterprise data management.

"The acquisition of Oberon further expands the range of solutions offered to our customers, bringing biometric applications experts, functional experts within the intelligence community, and expertise in communications and information management systems to Stanley," said Phil Nolan, Stanley's chairman, president and CEO. "It also provides even greater career opportunities for our collective employees."

The acquisition of Oberon adds more than 600 employees, including 10 regional offices in the United States and seven countries abroad.

Stanley also announced that it has exercised and closed on an additional $69 million of available credit through a partial exercise of the accordion feature associated with the company's Senior Revolving Credit and Term Loan Facility. The additional credit capacity was provided by three existing lenders and three new lenders.

"This increase in our senior credit facility will be used in part to fund the acquisition of Oberon and to provide additional funding for working capital requirements," said Brian Clark, Stanley's executive vice president and chief financial officer. "We are executing on our strategy to foster growth in new areas by deploying the strength of Stanley's balance sheet for our mergers and acquisitions program."

Stanley will update its previously announced financial guidance to reflect the Oberon acquisition in its fiscal first quarter 2009 earnings call scheduled for July 31, 2008, at 5:00 pm Eastern.

About Stanley

Stanley is a provider of information technology services and solutions to U.S. defense and federal civilian government agencies. Stanley offers its customers systems integration solutions and expertise to support their mission-essential needs at any stage of program, product development or business lifecycle through five service areas: systems engineering, enterprise integration, operational logistics, business process outsourcing, and advanced engineering and technology. Headquartered in Arlington, Va., the company has more than 4,400 employees at over 100 locations in the U.S. and worldwide. In 2008 and 2007, Stanley was recognized by FORTUNE(R) magazine as one of the "100 Best Companies to Work For." Please visit http://www.stanleyassociates.com/ for more information.

Any statements in this press release about our future expectations, plans and prospects, including statements containing the words "estimates," "anticipates," "plans," "expects" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2008, as filed with the Securities and Exchange Commission (SEC), and additional filings we make with the SEC. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. We assume no obligation to update publicly or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Stanley, Inc.

CONTACT: Brian J. Clark, Executive Vice President & CFO,
+1-703-310-3236, Lawrence Delaney, Jr., Investor Relations Counsel,
+1-703-739-7410, or Media Contact: Joelle Pozza, +1-703-310-3218,
Joelle.Pozza@stanleyassociates.com, all of Stanley, Inc.

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

Ninetowns Schedules Fiscal Year 2007 Results Conference Call

BEIJING, July 15 /Xinhua-PRNewswire/ -- Ninetowns Internet Technology Group Company Limited (''Ninetowns'' or the ''Company''), one of China's leading providers of online solutions for international trade, today announced that a conference call has been scheduled for 7:00 a.m. in Beijing on July 22, 2008, which is 7:00 p.m. on July 21, 2008 in New York, to discuss its fiscal year 2007 financial results.

Fiscal Year 2007 Highlights: Compared to fiscal year 2006 results, -- Total net revenues decreased 32.5% to US$14.2 million. -- Net loss was US$31.6 million, compared to a net profit of US$5.9 million in the full year 2006. -- Basic net loss per ADS (each ADS represents one ordinary share) was US$0.90, compared to a net profit per ADS of US$0.17 in the full year 2006. -- Ninetowns sold approximately 8,400 iDeclare packages and approximately 37,700 iDeclare service contracts in 2007. Fourth Quarter and Fiscal Year 2007 Business Highlights

tootoo.com (Business-to-business, or B2B): During the fourth quarter of 2007, Ninetowns focused on continued development of its B2B business by enhancing user experience and site functionality through various efforts, such as optimizing registration and inquiry procedures, providing an online instant message helpdesk system called ''Trade Baby'', and improving the functionality of the search system. As a result, the number of registered users on March 31, 2008 was approximately 240,000, representing an increase of 122% from 108,000 registered users on December 31, 2007.

As a part of its B2B optimization efforts, Ninetowns also deployed a trial program targeted at suppliers who are willing to purchase the top entry on search result pages in order to attract buyers. This trial package was priced at RMB36,000 per year. Currently, there are approximately 150 users of this trial program. Ninetowns intends to continuously collect and analyze feedback from these paying members in order to better understand their needs and to further upgrade tootoo.com's services.

Enterprise software: Ninetowns continued to derive a significant portion of its total net revenues from the sale and servicing of iDeclare packages, Ninetowns' import/export enterprise software solution. During the fourth quarter of 2007, the Company sold 2,000 iDeclare software packages and 10,700 iDeclare service contracts. For the full year, Ninetowns sold 8,400 iDeclare software packages and 37,700 iDeclare service contracts. As a result, the installed customer base reached 138,000 and the percentage of iDeclare customers who purchased software service renewals was around 30% at the end of the fourth quarter of 2007.

During the fourth quarter of 2007, Ninetowns launched a professional version of iProcess, named iQM, which is an enterprise product quality management application specifically designed in accordance with the quality control requirements of the Hazard Analysis and Critical Control Point (''HACCP'') and ISO9001 quality management system. iQM enables international trade enterprises and their suppliers to collect, analyze, monitor, rectify, track and submit real-time product quality-related data via the Internet to the State Administration for Quality Supervision and Inspection and Quarantine of the PRC (the ''PRC Inspections Administration'') throughout the production process. Such information can be submitted prior to the importing/exporting of finished products, which may result in a faster declaration process.

Currently, iQM is available only in Guangdong on a trial basis. As of March 31, 2008, there were approximately 800 paying customers. iQM is currently priced at approximately US$400 to US$1,400 per package, with a maintenance renewal fee payable after the first year. IQM is an industry- specific solution and the currently covered industries include toy processing, food processing, aquatic breeding, livestock breeding, and vegetation planting.

Fiscal Year 2007 Financial Results

Total Net Revenues. Total net revenues decreased significantly to US$14.2 million for the fiscal year 2007, from US$19.6 million in 2006.

Net revenues from sales of enterprise software for the fiscal year of 2007 was US$10.6 million, representing 74.7% of total net revenues, as compared to 76.2% for the fiscal year of 2006. Net revenues from software development services for the fiscal year of 2007 was US$3.5 million, representing 24.8% of total net revenues, as compared to 23.5% for the fiscal year of 2006.

The decrease in total net revenues was primarily due to the reduced sale of our iDeclare packages, which we believe is a result of the negative impact from the PRC Inspections Administration's free software provisioning.

For the fiscal year 2007, the Company recognized net revenues of US$0.07 million for the newly launched B2B business.

Gross Profit and Gross Margin. Gross profit decreased significantly to US$11.1 million for the full year 2007, from US$17.5 million in 2006. Gross margin for the fiscal year 2007 was 77.9%, representing a decrease from 88.9% in 2006.

The decrease in gross profit was mainly attributable to the decrease in the sales of enterprise software, which commands higher margins than our software development service business.

Operating Expenses. For the fiscal year 2007, total operating expenses increased significantly to US$51.5 million from US$14.0 million in 2006.

For the fiscal year 2007, research and product development expenses increased by 7.3% to US$4.4 million from US$3.8 million in 2006. This increase was mainly attributable to our investment in the research and development of new enterprise platform products and search platform products and the increase in the number of research and development personnel.

Sales and marketing expenses were US$5.6 million for fiscal year 2007, a significant increase over 2006. The year-on-year rise in sales and marketing expenses was mainly due to an increased number of our B2B sales and marketing staff and promotional activities to develop our new B2B business.

General and administrative expenses increased by 28.0% to US$11.8 million in 2007 from US$8.6 million in 2006. The year-on-year rise in general and administrative expenses was due to the increases in (i) professional fees incurred related to our status as a public company and our acquisition and investment activities, (ii) depreciation and amortization charges on fixed assets and intangible assets and (iii) increase in the number of employees due to our expansion into and development of our B2B business.

Provision for doubtful accounts increased significantly to US$ 3.1 million in 2007 from US$ 0.2 million in 2006. The year-on-year rise in provision for doubtful accounts was due to the provision made based on the uncertainty of collection under certain software development contracts we entered into with the PRC Inspections Administration. Such software development contracts relate to the free software that we believe that the PRC Inspections Administration has since decreased its efforts to promote.

Goodwill Impairment. As previously announced, the Company's financial outlook from maintenance servicing of the free software offered by the PRC Inspections Administration has been negatively impacted due to several factors. First, we believe that the PRC Inspections Administration's decreased efforts to promote its free software have resulted in a corresponding decline in the need for Ninetowns' maintenance services. Additionally, we believe that there is uncertainty surrounding the PRC Inspections Administration's future promotional plans for its free software. As a result, the Company reported a non-cash impairment charge of approximately US$26.5 million against its goodwill that was derived from the acquisition of minority interests in the Company's business-to-government ("B2G") business division during its pre-IPO restructuring in June 2004. We believe that this one-time non-cash impairment charge will not impact Ninetowns' business fundamentals, current cash position, current cash flows from operating activities, or future cash expenditures.

Operating Loss. As a result, operating loss for the fiscal year 2007 was US$40.3 million, compared to operating income of US$3.5 million for the fiscal year 2006.

Net Loss. Net loss for the fiscal year of 2007 was US$31.6 million, as compared to net income of US$5.9 million for the fiscal year of 2006. Both basic and diluted net loss per ADS for the fiscal year of 2007 were US$0.90, compared to basic and diluted net income per ADS of US$0.17 and US$0.17 for the fiscal year of 2006, respectively.

Cash and Cash Equivalents. Cash and cash equivalents as of December 31, 2007 were US$89.1 million, compared to US76.7 million as of December 31, 2006.

Unearned Revenue. Unearned revenue as of December 31, 2007 was US$4.5 million, compared to US3.4 million as of December 31, 2006.

Management Commentary and Outlook

Mr. Shuang Wang, Chief Executive Officer of Ninetowns, said, ''We are encouraged by the progress we have made on our B2B service to date. While our online services are still very much in a development mode, we will continue to improve the user experience and enhance our services for quality product searches, aided by the continuous feedback we are receiving from our existing paying members. Currently, we estimate that tootoo.com features and services will be fully operational in the first half of 2009, at which time we will deploy our full scale sales and marketing efforts globally.''

''For our enterprise software business, we are pleased with the continued market penetration of our iDeclare software, as well as the successful acceptance of our newly launched iQM package. The combination of these two software systems will help drive our continued market leadership in providing a robust and total solution for enterprise users. Our integrated solution can increase import/export processing efficiency, accuracy and further reduce time and cost associated with the declaration process.''

Mr. Tommy Fork, Chief Financial Officer of Ninetowns, said, ''We are witnessing the early stages of revenue diversification from the expansion of our service offerings with the B2B platform, and have worked to increase the value contribution of our import/export e-filing integrated solutions. We will continue our strategic initiative to provide total online solutions for international trade. In addition to our operational efforts, we have been conservative in our financial management efforts in order to maintain sufficient cash on hand for business development purposes.''

New Reporting Schedule

We do not expect to release earnings information on a quarterly basis in the future. As we develop and grow our B2B platform, we believe the interests of our shareholders and the Company will be better served through management's continued focus on execution of our long-term strategic and operational initiatives. The Securities and Exchange Commission's rules and regulations do not require us, as a foreign private issuer, to report earnings information on a quarterly basis. Additionally, the NASDAQ Marketplace Rules also do not require companies with securities listed on its exchange to report earnings information on a quarterly basis. The NASDAQ Marketplace Rules require us, as a foreign private issuer, to file an interim balance sheet and income statement as of and for the end of our second quarter no later than six months following the end of our second quarter. We expect to comply with such requirement.

Currency Convenience Translation

The conversion of Renminbi into U.S. dollars in this release, made solely for the convenience of the reader, is based on the noon buying rate in the City of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York as of December 31, 2007, which was RMB7.2946 to US$1.00. Certain comparative figures extracted from the past releases are converted by using the rate as of the respective balance sheet date. The percentages stated in this earnings release are calculated based on Renminbi.

Investor Conference Call / Webcast Details

A conference call has been scheduled for 7:00 a.m. in Beijing on July 22, 2008. This will be 7:00 p.m. on July 21, 2008 in New York. During the call, time will be set-aside for analysts and interested investors to ask questions of executive officers.

The call may be accessed by dialing +1-617-614-6207 and the passcode is 55272252. A live webcast of the conference call will be available on our website at http://www.ninetowns.com/english . A replay of the call will be available from 9:00 a.m. Beijing time on July 22, 2008 (9:00 p.m. in New York on July 21, 2008) through 9:00 a.m. on August 7, 2008 in Beijing (9:00 p.m. in New York on August 6, 2008) by telephone at +1-617-801-6888 and through http://www.ninetowns.com/english . The passcode to access the call replay is 32521734.

About Ninetowns Internet Technology Group Company Limited

Ninetowns is a leading provider of online solutions for international trade, with its key services in automating import/export e-filing, as well as in providing effective and efficient business-to-business search. Ninetowns has been listed on the NASDAQ Stock Exchange since December 2004 under the symbol "NINE." More information can be found at http://www.ninetowns.com/english .

Forward-Looking Statements

Certain statements in this press release, including statements relating to the non-cash impairment charge and the Chinese government's future promotional plans for its free software, include forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may,'' ''will,'' ''expect,'' ''intend,'' ''estimate,'' ''anticipate,'' ''believe,'' ''project'' or ''continue'' or the negative thereof or other similar words. All forward-looking statements involve risks and uncertainties, including, but not limited to, customer acceptance and market share gains; competition from companies that have greater financial resources; introduction of new products into the marketplace by competitors; successful product development; dependence on significant customers; the ability to recruit and retain quality employees as the Company grows; and economic and political conditions globally. Actual results may differ materially from those discussed in, or implied by, the forward-looking statements. The forward-looking statements speak only as of the date of this release and the Company assumes no duty to update them to reflect new, changing or unanticipated events or circumstances.

For more information, please contact: Helen Wu Investor Relations Ninetowns Internet Technology Group Company Limited Tel: +86-10-6589-9901 Email: ir@ninetowns.com Investor Relations (US): Mahmoud Siddig, Director Taylor Rafferty Tel: +1-212-889-4350 Email: ninetowns@taylor-rafferty.com Investor Relations (HK): Ruby Yim, Managing Director Taylor Rafferty Tel: +852 3196-3712 Email: ninetowns@taylor-rafferty.com

Ninetowns Internet Technology Group Company Limited

CONTACT: Helen Wu, Investor Relations of Ninetowns Internet Technology
Group Company Limited, +86-10-6589-9901, or ir@ninetowns.com; or Investor
Relations (US): Mahmoud Siddig, Director of Taylor Rafferty, +1-212-889-4350,
or ninetowns@taylor-rafferty.com; or Investor Relations (HK): Ruby Yim,
Managing Director of Taylor Rafferty, +852 3196-3712,or ninetowns@taylor-
rafferty.com

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

Caliper Life Sciences Introduces LabChip GX and GXII Microfluidic Instruments to Address Specific Needs of Proteomic and Genomic Researchers- New Systems Provide Advanced DNA, RNA, and Protein Separation Capabilities -

HOPKINTON, Mass., July 15 /PRNewswire-FirstCall/ -- Caliper Life Sciences, Inc. today introduced two microfluidics-based separations products, the LabChip(R) GX and LabChip GXII benchtop systems, for fast, automated, 1-D electrophoretic separations of protein, DNA, and RNA samples. The LabChip GX represents a low price entry system targeted at genomics applications, while the GXII combines both genomics and protein research applications. The LabChip GX series of instruments will be marketed by Caliper and is designed to provide scientists novel benefits including extended walk away time, higher throughput and economical plate processing ability. Caliper also provides solutions to scientists with lower throughput needs through its collaborations with Agilent and Bio-Rad.

Both systems combine Caliper's highly reproducible assay technology with advanced data analysis and visualization software. With 96-well and 384-well plate compatibility and the ability to select single wells at any location in a plate, the LabChip GX and GXII systems provide researchers with unmatched throughput, flexibility, and performance. Leveraging Caliper's patented microfluidics technology, users are able to thoroughly analyze samples in seconds instead of minutes, eliminating throughput bottlenecks and improving efficiency. The advanced data management software suite included with each system allows users to visualize results via an electropherogram or virtual gel view. Additionally it provides data in tabular form, which can then be analyzed or easily exported into a spreadsheet format.

"With applications ranging from protein therapeutics research to gene expression analysis to genotyping of transgenic mice, the LabChip GX and GXII represent an integral component of Caliper Life Sciences' overall strategy of developing products that bridge the in vitro - in vivo translational gap," said Rick Bunch, Microfluidics Product Manager, Caliper Life Sciences. "The LabChip GX and GXII provide high quality, accurate, and reproducible data that enable researchers to accelerate their discovery efforts, while saving time and money."

The new LabChip GX instrument has been designed expressly for the needs of genomics researchers for the analysis of RNA integrity for better RT-PCR and microarray gene expression data, DNA fragment analysis for sequencing applications and genotyping transgenic mice, and numerous other applications that require accurate size, concentration, or purity analysis of nucleic acid samples. A unique feature of the LabChip GX is the ability to analyze any single sample, or a subset of samples in a microtiter plate using an intuitive GUI interface. This feature enables researchers to assess RNA integrity by randomly sampling a plate or conduct "hit picking" experiments on samples of particular interest.

The LabChip GXII system, which is a complete functional replacement of the LabChip 90, provides consistent and precise analysis of both protein and nucleic acid samples. The LabChip 90 has been widely adopted by researchers developing antibody-based therapeutics and is ideally suited for quantifying size, titer, purity, and fragmentation. This automated separations platform also enables scientists to explore the effect of multiple variables in parallel -- a process which is prohibitively expensive and time-consuming using manual methods. As a direct consequence, robust methods for protein expression can be established that accelerate high throughput screening, crystallography, and analytical analyses that require large amounts of protein.

Caliper offers a broad portfolio of microfluidics chips and DNA, RNA, and protein assay kits to use with the GX and GXII systems. For additional information or to order the LabChip GX or GXII, please visit: http://www.caliperls.com/products/labchip-systems/.

About Caliper Life Sciences

Caliper Life Sciences is a premier provider of cutting-edge technologies enabling researchers in the life sciences industry to create life-saving and enhancing medicines and diagnostic tests more quickly and efficiently. Caliper is aggressively innovating new technology to bridge the gap between in vitro assays and in vivo results and then translating those results into cures for human disease. Caliper's portfolio of offerings includes state-of-the-art microfluidics, lab automation & liquid handling, optical imaging technologies, and discovery & development outsourcing solutions. For more information please visit http://www.caliperls.com/.

Caliper and LabChip are registered trademarks of Caliper Life Sciences, Inc.

Caliper Life Sciences, Inc.

CONTACT: Investors: Peter F. McAree of Caliper Life Sciences,
+1-508-497-2215; Media: Stacey Holifield or Jeff Benanto of Schwartz
Communications, +1-781-684-0770, caliper@schwartz-pr.com

Web site: http://www.caliperls.com/
http://www.caliperls.com/products/labchip-systems

Integral Systems Announces Third Quarter Earnings Release Date

LANHAM, Md., July 15 /PRNewswire-FirstCall/ -- Integral Systems, Inc., today announced that it will release its results for the third quarter of fiscal year 2008 through PR Newswire on Thursday, July 24, 2008, before the market opens. The earnings release will be followed by a quarterly conference call on Thursday, July 24, 2008, at 11:30 a.m. EDT. Interested parties are invited to join the live broadcast by calling 800.950.3502, ID number 21388733.

An audio recording of the quarterly conference call will be available beginning two hours after the start of the live broadcast. The audio recording will remain archived until 12:00 p.m. EDT on July 26th and can be obtained by calling 800.633.8284, ID number 21388733. The audio recording will also be made available on Integral's website at http://www.integ.com/.

About Integral Systems

Founded in 1982, Integral Systems is a leading provider of satellite ground systems and has supported more than 205 different satellite missions for communications, science, meteorological, and earth resource applications. Integral Systems was the first company to offer an integrated suite of Commercial-Off-the-Shelf (COTS) software products for satellite command and control: the EPOCH Integrated Product Suite (IPS) product line. EPOCH IPS has become the world market leader in commercial applications with successful installations on five continents.

Through its wholly-owned subsidiary, SAT Corporation, Integral Systems provides satellite and terrestrial communications signal monitoring systems to satellite operators and users throughout the world. Through its Newpoint Technologies, Inc., subsidiary, Integral Systems also provides software for equipment monitoring and control to satellite operators, broadcasters, and telecommunications firms. Integral Systems' RT Logic subsidiary builds telemetry processing systems for military applications, including tracking stations, control centers, and range operations. Integral Systems' Lumistar, Inc., subsidiary provides system- and board-level telemetry acquisition products. Integral Systems has approximately 500 employees working at its headquarters in Lanham, MD, and at other locations in the U.S. and Europe. For more information, visit http://www.integ.com/.

Integral Systems, Inc.

CONTACT: Tory Harris, Investor Relations of Integral Systems, Inc.,
+1-301-731-4233, Fax: +1-301-731-9606; or Media: Shany Seawright of Strategic
Communications Group, +1-240-485-1081, sseawright@gotostrategic.com, for
Integral Systems, Inc.

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

CTG Announces 2008 Second Quarter Conference Call and Webcast Information

BUFFALO, N.Y., July 15 /PRNewswire-FirstCall/ -- CTG , an international information technology (IT) solutions and services company, today announced that it would release its 2008 second quarter financial results on July 22, 2008 after the market closes. The company will hold a conference call to discuss its financial results and business strategy on Wednesday, July 23, 2008 at 10:00 a.m. Eastern Time. CTG Chairman and Chief Executive Officer James R. Boldt will lead the call. Interested parties can dial in to 1-888-276-0010 between 9:45 a.m. and 9:50 a.m., ask for the CTG conference call, and identify James Boldt as the conference chairperson. A replay of the call will be available between 12:00 p.m. Eastern Time July 23, 2008 and 11:00 p.m. Eastern Time July 26, 2008 by dialing 1-800-475-6701 and entering the conference ID number 899689.

A webcast of the call will also be available on CTG's web site: http://www.ctg.com/. You must have Windows Media Player or RealPlayer's audio software on your computer to listen to the webcast. Both are available for downloading at no charge when accessing the webcast. The webcast will also be archived on CTG's web site at http://investor.ctg.com/events.cfm for 90 days following completion of the conference call.

About CTG

Backed by over 40 years' experience, CTG provides IT solutions and services to help Global 2000 clients focus on their core businesses and use IT as a competitive advantage to excel in their markets. CTG combines in-depth understanding of our clients' businesses with a full range of integrated services and proprietary ISO 9001:2000-certified service methodologies. Our IT professionals based in an international network of offices in North America and Europe have a proven track record of delivering high-value, industry-specific solutions. More information about CTG is available on the Web at http://www.ctg.com/.

Today's news release, along with CTG news releases for the past year, is available on the Web at http://www.ctg.com/. CTGX-E

CONTACT: Jo Ann Rice (716) 887-7244 joann.rice@ctg.com

CTG

CONTACT: Jo Ann Rice of CTG, +1-716-887-7244, joann.rice@ctg.com

Web site: http://www.ctg.com/
http://investor.ctg.com/events.cfm

Company News On-Call: http://www.prnewswire.com/comp/198025.html

Spectrum Control Announces Retirement of John M. Petersen from Board of Directors

FAIRVIEW, Pa., July 15 /PRNewswire-FirstCall/ -- Spectrum Control, Inc. , a leading designer and manufacturer of electronic control products and systems, today announced the retirement of John M. Petersen from its Board of Directors.

"John's contributions as a Director and as Chairman of our Audit Committee are immeasurable", said Gerald A. Ryan, Chairman of Spectrum Control's Board of Directors. "As one of the founders of our Company over 38 years ago, John has continuously helped guide our Company with his wisdom, business expertise, and integrity. He will certainly be missed by his extended family here at Spectrum Control, and we all wish him a happy and healthy retirement."

George J. Behringer, recently elected to the Company's Board of Directors, will become Chairman of the Company's Audit Committee.

About Spectrum Control

Spectrum Control, Inc. designs and manufacturers a wide range of components and systems used to condition, regulate, transmit, receive, or govern electronic performance. The Company's largest individual markets are military/defense and communications equipment, with applications in secure communications, smart weapons and munitions, countermeasures for improvised explosive devices, missile defense systems, wireless base stations, broadband switching gear, and global positioning systems. For more information about Spectrum Control and its products, please visit the Company's website at http://www.spectrumcontrol.com/.

Spectrum Control, Inc.

CONTACT: Investor Relations, John P. Freeman, Senior Vice President and
Chief Financial Officer of Spectrum Control, Inc., +1-814-474-4310

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

WinSonic Diversity Receives Renewal of Diversity Certification From Georgia Minority Supplier Development CouncilRenewal of WinSonic Diversity's Minority Status enables the company to continue pursuit of diversity opportunities.

ATLANTA, July 15 /PRNewswire-FirstCall/ -- WinSonic Digital Media Group, Ltd. (the "Company") (BULLETIN BOARD: WDMG) announced today that WinSonic Diversity, LLC received renewal of their diversity certification from the Georgia Region of the National Minority Supplier Development Council (NMSDC). WinSonic Media Group currently owns a 49% interest in WinSonic Diversity. Renewal of certification by the Georgia Minority Supplier Development Council is essential to WinSonic's pursuit of diversity contracts.

The primary objective of the NMSDC is to provide increased procurement and business opportunities for minority businesses. The NMSDC Network includes a National Office in New York and 39 regional councils across the country. There are 3,500 corporate members throughout the network, including most of America's largest publicly owned, privately owned and foreign-owned companies, as well as universities, hospitals and other buying institutions. The regional councils certify and match more than 15,000 minority owned businesses (Asian, Black, Hispanic and Native American) with member corporations who want to purchase goods and services.

The Georgia Minority Supplier Development Council (GMSDC) is committed to leveling the business playing field by creating links for certified companies to progressive business opportunities. The GMSDC has the largest number of certified, ethnically diverse Minority Business Enterprise in the Southeast region and Atlanta, Georgia ranks number three among U.S. cities with the most Fortune 500 headquarters.

"Renewal of our certification is a major key to WinSonic's plan to aggressively pursue and grow our minority contracts," said Winston Johnson, Chairman and CEO of the Company.

About WinSonic Digital Media Group, Ltd.

WinSonic Digital Media Group, Ltd. is a facilities-based media distribution solutions company with a distinctive video transport concept that enables users to view, interact, and listen to all types of audio, online video, and digital TV, in full-screen format, at high speeds, superb quality, and greatly reduced costs, while reducing the need for expensive high-speed connections.

Certain statements in this press release which are not historical or current fact constitute "forward-looking statements" within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "may," "will," "potential," "opportunity," "believes," "belief," "expects," "intends," "estimates," "anticipates" or "plans" to be uncertain and forward looking. Such forward-looking statements are based on our best estimates of future results, performance or achievements, current conditions and the most recent results of the company. The forward- looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission including, but not limited to, its report on form 10-KSB for December 31, 2007. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and there can be no assurance that the actual results anticipated by the company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the company or its business or operations.

WinSonic Digital Media Group, Ltd.

CONTACT: Winston Johnson of WinSonic Digital Media Group, Ltd., WinSonic
Digital Cable Systems Network, LLC., WinSonic Diversity, LLC, and Automated
Interiors, LLC., +1-404-230-5705, +1-800-332-2730

Singer-Songwriter Natasha Bedingfield and LG Mobile Phones Support the VH1 Save The Music FoundationProceeds from Donated Version of Exclusive Ringtone Will Raise Money for Music Education

NEW YORK, July 15 /PRNewswire/ -- LG Electronics MobileComm U.S.A., Inc. (LG Mobile Phones) and the VH1 Save The Music Foundation today announced a partnership with Grammy-Nominated singer-songwriter Natasha Bedingfield. Bedingfield is donating a live version of her song "Angel" -- off her sophomore release, Pocketful Of Sunshine, to create an exclusive ringtone to benefit The Foundation. The ringtone can be purchased for $2.99 and will be available beginning Wednesday, July 16 through September 28 at save.vh1.com. Consumers are also able to text SAVE to shortcode 66555 to purchase the ringtone. The promotion will be featured in a vignette highlighting Natasha Bedingfield in her quest to raise awareness and the necessary funding to make sure that music is available for as many children as possible.

"At LG Mobile Phones, we are passionate about the importance of music education," said Ehtisham Rabbani, vice president of product strategy & marketing of LG Mobile Phones. "Ringtones are one of the many ways people can bring music to their phones, and we're excited Natasha Bedingfield has joined our partnership with VH1 Save The Music to help raise awareness and additional funding through this mobile experience."

"We are thrilled that both LG Mobile Phones and Natasha Bedingfield have made this commitment to The Foundation and music education," said Paul Cothran, executive director, the VH1 Save The Music Foundation. "Through this partnership, we will continue our mission of restoring instrumental music education programs in America's public schools and raising awareness about the importance of music as a part of every child's complete education.

The vignette will air regularly on VH1, VH1 Classic, VH1 Soul throughout the summer, and will be available on vh1.com and vh1savethemusic.com throughout the promotion.

Natasha joins other prominent artists, including Jon Bon Jovi, John Mayer and Roger Waters who pledged support for the campaign by performing at the VH1 Save The Music's 10th Anniversary Gala last September which was also sponsored by LG. The Gala served as the official kick-off of the partnership between LG Mobile Phones and the VH1 Save The Music Foundation.

LG and VH1 Save The Music joined forces for a year-long, multi-faceted partnership. The 2007-2008 program includes a $250,000 donation by LG to The Foundation to support their ongoing efforts to restore music education programs in public schools across the country. As part of the campaign, LG Mobile Phones produced a 'Come Together' public service announcement that showcases the many talented students who benefit from these music programs. This PSA began running on VH1 in the fall of 2007 and continues to air today; it can be found at http://www.lg4music.com/.

About the VH1 Save The Music Foundation

Since 1997, the VH1 Save The Music Foundation has successfully restored and sustained instrumental music programs in 1,500 public schools in more than 100 cities across the country, including Memphis, Houston, Chicago, New York, Denver, Baltimore and Milwaukee. Over the past ten years, various artists and celebrities have shown their devotion to the VH1 Save The Music Foundation by partnering with the organization as they've reached out to struggling school districts across the country. Celebrities including Mariah Carey, Beyonce, Sting, Billy Joel, Kiefer Sutherland, John Legend, Rob Thomas, Alicia Keys, Jewel and many more have donated their time and efforts to the organization in attempts to raise awareness about the importance of music in a child's education.

About LG Electronics U.S.A., Inc.

LG Electronics, Inc. is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 82,000 people working in over 110 operations including 81 subsidiaries around the world. With 2007 global sales of USD 44 billion, LG is comprised of four business units - Mobile Communications, Digital Appliance, Digital Display and Digital Media. LG is the world's leading producer of mobile handsets, flat panel TVs, air conditioners, front-loading washing machines, optical storage products, DVD players and home theater systems. For more information, please visit http://www.lge.com/.

About LG Electronics Mobile Communications Company

LG Electronics Mobile Communications Company is the world's leading provider of UMTS (WCDMA), CDMA and GSM handsets, which have been designed to improve the value of customer life. With a total range of wired and wireless solutions, the company is rapidly establishing a global presence and growing its international market share in 3G handsets. For more information please visit http://www.lgusa.com/.

CONTACTS: Demetra Kavadeles / LG Maura Wozniak / VH1 858.635.5232 212.846.7325 dkavadeles@lge.com maura.wozniak@vh1staff.com AJ Sarcione / Ogilvy PR for LG 310.248.6115 aj.sarcione@ogilvypr.com

VH1

CONTACT: Demetra Kavadeles, LG, +1-858-635-5232, dkavadeles@lge.com, or
Maura Wozniak, VH1, +1-212-846-7325, maura.wozniak@vh1staff.com, or AJ
Sarcione of Ogilvy PR for LG, +1-310-248-6115, aj.sarcione@ogilvypr.com

Web site: http://www.vh1.com/
http://www.save.vh1.com/
http://www.vh1savethemusic.com/
http://www.lg4music.com/
http://www.lge.com/
http://www.lgusa.com/

Artie-Lange.com Chooses BOOMj, Inc.'s I-Supply Social Shopping Platform to Power E-Commerce Store

HENDERSON, Nev., July 15 /PRNewswire-FirstCall/ -- BOOMj, Inc. (BULLETIN BOARD: BOMJ) (http://www.boomj.com/), the parent company of http://www.boomj.com/ -- the leading social network, niche portal and e-commerce destination for Baby Boomers and adults over the age of 35 -- today announced that UVU Networks has selected BOOMj's I-Supply e-commerce platform to integrate social shopping across its Artie-Lange.com digital property. UVU Networks will use BOOMj's I-Supply platform to give fans of Artie-Lange access to one of the most diverse and complete libraries of comedy and entertainment related products online.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070131/BOOMJLOGO)

The BOOMj I-supply platform enables http://www.artie-lange.com/ to give their users access to a broad array of products and to grow the Artie-Lange.com property through social shopping features. BOOMj's I-Supply platform gives the Artie-Lange site a virtually limitless inventory by allowing simple integration of BOOMj's over 1.5 million products directly into the Artie Lang website.

I-Supply offers fully customizable storefronts and product mixes from BOOMj's over 1.5 million products and includes a range of widgets, ratings and commenting functionalities. The robust I-Supply API allows customers to easily customize their e-commerce store to the needs of their distinct audience and is easy to configure and integrate.

"Artie-Lange.com is quickly becoming one of the premier comedy websites on the Internet. The BOOMj I-Supply platform adds to this great site and gives Artie fans access to the best prices on almost every imaginable comedy and entertainment related product," said Wendy Johnson, president of BOOMj, Inc. "We are excited that they chose BOOMj's I-Supply platform to integrate social shopping and e-commerce. It adds a dynamic utility to Artie-Lange.com and creates a substantial additional revenue stream for them as well."

About Artie-Lange.com

ARTIE LANGE is one of today's most established comedians and entertainers and has appeared in a string of feature films including, New Line's The Bachelor, Lost and Found, Mystery Men, and The Fourth Floor. Artie has also had supporting roles in the DreamWorks feature film Old School, starring Luke Wilson, Vince Vaughn and Will Ferrell, as well as, New Line Cinema's Elf, also starring Ferrell. He was a series regular on Norm on ABC and in October of 2001 he became a regular member of The Howard Stern Show and can now be heard every day on Sirius Satellite radio.

About BOOMj, Inc.

BOOMj, Inc. (OTCBB: BOMJ, http://www.boomj.com/) is the parent company of BOOMj.com, the leading social network, niche portal and e-commerce destination for Baby Boomers and adults over the age of 35. BOOMj I-Supply is a division of BOOMj, Inc. and enables online properties to easily integrate comprehensive e-commerce solutions into their existing site. The BOOMj I-Supply platform allows for fully customizable storefronts and product mixes from BOOMj's over 1.5 million products and is easily configured and integrated into any website. To learn more please visit http://www.boomj.com/

Safe Harbor Statement:

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting BOOMj's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.

Photo: http://www.newscom.com/cgi-bin/prnh/20070131/BOOMJLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com BOOMj, Inc.

CONTACT: Stephanie Packard of BOOMj, Inc., +1-949-679-7000,
Stephanie@boomj.com

Web site: http://www.boomj.com/
http://www.artie-lange.com/

Air Products Introduces XeCovery(SM) On-site Xenon Recovery SystemNew Service Provides Lower Cost-of-Ownership for Manufacturers Utilizing Xenon

LEHIGH VALLEY, Pa., July 15 /PRNewswire/ -- Air Products today introduced its new XeCovery(SM) on-site xenon recovery service for the semiconductor and MEMS industries. Semiconductor manufacturers faced with rising prices for xenon can now recover and reuse the crucial gas, saving valuable time and money in the process.

Recently, the cost of xenon has been on the rise due to a number of novel new uses for the rare gas. With demand and prices on the rise, there is a growing concern that cost or availability will hamper its applicability. This is the situation within semiconductor manufacturing, where the price of xenon has risen while device prices have continued to decline. Besides higher costs, the potential impact to the industry is the need for additional R&D to mitigate the use of xenon in already established manufacturing processes, which compounds the cost issues.

"Because of high xenon recovery rates, customers currently using xenon in their manufacturing processes could improve their security of supply and see savings of more than 50% in their cost of xenon by utilizing XeCovery recovery service, without incurring any additional capital outlay for equipment," said Gene Karwacki, commercial development manager, for Air Products. "In addition, customers concerned with the high cost of xenon can now continue using the gas in their processes and save valuable R&D time trying to change their processes."

XeCovery recovery service is based on an Air Products' patented technology utilizing Vacuum Swing Adsorption. Because it is an on-site service, the customer's investment is limited to costs associated with installation and utilities to operate the equipment. Air Products assumes responsibility for owning, operating, and maintaining the units placed at a site. The process is capable of extracting xenon from process effluent streams. An enriched mixture of recovered xenon (typically in the percent levels) is compressed and stored. Full vessels are then transported offsite for distillation.

To hear more about the xenon market, and how our XeCovery services can help your process, please go to http://www.airproducts.com/Electronics/Technologies/XeCovery.htm.

Air Products serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe. For more information, visit http://www.airproducts.com/.

NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.

Air Products

CONTACT: Robert Brown of Air Products, +1-610-481-1192,
brownrf@airproducts.com

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

Healthcare Employers Plan to Increase Headcount Through the Second Half of 2008, According to CareerBuilder.com Midyear Employment Forecast- Industry Continues to Boast High Demand for Qualified Workers -

CHICAGO, July 15 /PRNewswire/ -- The hiring outlook for healthcare employees remains positive for the second half of 2008, as 26 percent of large healthcare employers (50 or more employees) are planning to increase the number of full-time, permanent employees from July to December. This is according to the CareerBuilder.com Midyear Employment Forecast conducted from May 22 through June 13, 2008.

Recognizing the rising demand for qualified workers in an industry that adds north of 300,000 jobs annually, healthcare employees are keeping their options open. While 16 percent of employees reported they were actively looking for a new job, 86 percent of those who aren't say they would be open to a switching to a new position if they came across the right opportunity.

"Attracting and retaining skilled workers in the healthcare industry continues to pose serious challenges as an aging population fuels continued job growth in key areas," said Jason Ferrara, vice president of Corporate Marketing for CareerBuilder.com. "Sixty percent of healthcare employers, the highest among all industries surveyed, report that they have open positions for which they cannot find qualified talent."

Due to this shortage of qualified healthcare workers, some employers are hanging on to employees that may not be performing at optimal levels in order to keep jobs occupied. In fact, 40 percent of healthcare employers said they are retaining employees whom they normally wouldn't.

In contrast, some healthcare employers are using the hiring slowdown to enhance their workforce. Thirty-four percent of healthcare employers are taking advantage of the tightened economy as an opportunity to replace lower-performing employees with new top tier talent.

One of the ways healthcare employers are appealing to in-demand workers is by increasing employee salaries, as 63 percent of healthcare employers say they plan on raising salaries in the second half of 2008 compared to the first half.

While increases in salaries by healthcare employers is a step in the right direction (47 percent of healthcare workers say they are satisfied or very satisfied with their pay), there are other areas that are of concern to healthcare workers. They include:

-- 55 percent of healthcare workers describe the workload as heavy or too heavy

-- 18 percent of healthcare workers are dissatisfied with their career progress

-- 22 percent of healthcare workers are dissatisfied with their work/life balance

CareerBuilder.com garners more than 12 million healthcare job searches per month.

Survey Methodology

This survey was conducted online within the U.S. by Harris Interactive on behalf of CareerBuilder.com among 257 healthcare hiring managers and human resource professionals (employed full-time; not self-employed; with at least significant involvement in hiring decisions; at companies with 50 or more employees); and 794 U.S. healthcare employees (employed full-time; not self-employed; at companies with 50 or more employees); ages 18 and over between May 22 and June 13, 2008, respectively (percentages for some questions are based on a subset US Employers or Employees, based on their responses to certain questions). With a pure probability sample of 257 and 794 one could say with a 95 percent probability that the overall results have a sampling error of +/- 6.11 percentage points and +/- 3.48 percentage points, respectively. Sampling error for data from sub-samples is higher and varies.

About CareerBuilder.com

CareerBuilder.com is the nation's largest online job site with more than 23 million unique visitors and over 1.6 million jobs. Owned by Gannett Co., Inc. , Tribune Company, The McClatchy Company and Microsoft Corp. , the company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 1,600 partners, including 140 newspapers and leading portals such as America Online and MSN. More than 300,000 employers take advantage of CareerBuilder.com's easy job postings, 26 million-plus resumes, Diversity Channel and more. CareerBuilder.com and its subsidiaries operate in the U.S., Europe, Canada and Asia. For more information, visit http://www.careerbuilder.com/.

Media Contact: Allison Nawoj 773-527-2437 allison.nawoj@careerbuilder.com

CareerBuilder.com

CONTACT: Allison Nawoj of CareerBuilder.com, +1-773-527-2437,
allison.nawoj@careerbuilder.com

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

Nickelodeon/MTVN Kids and Family Group's Digital Sites Score Record-Breaking Month With 28.6 Million Uniques Growing 13% Over 2007PORTFOLIO IS NUMBER-ONE KIDS AND FAMILY ONLINE DESTINATION IN VISITS AND TOTAL TIME SPENTADDICTINGGAMES, NOGGIN.COM, ICARLY.COM AND PARENTSCONNECT SITES NET BEST MONTH EVER; NICK.COM AND NEOPETS GROW UNIQUES

NEW YORK, July 15 /PRNewswire/ -- Nickelodeon/MTVN Kids and Family Group's portfolio of digital sites registered its best month ever in June 2008, according to comScore Media Metrix (June 2008), ranking as the number-one kids and family online destination in visits and total time spent. The group of sites, which include Nick.com (http://www.nick.com/); NickJr.com (http://www.nickjr.com/arcade); The-N.com (http://www.the-n.com/); Neopets (http://www.neopets.com/); Shockwave (http://www.shockwave.com/); AddictingGames (http://www.addictinggames.com/); ParentsConnect (http://www.parentsconnect.com/); http://www.nickatnite.com/; http://www.noggin.com/; http://www.icarly.com/, and myNOGGIN (http://www.mynoggin.com/); among others, garnered 28.6 million uniques.

Per comScore, Nickelodeon/MTVN Kids and Family Group's record-breaking digital performance was up +5% in unique visitors over the previous month and up +13% year over year. Visitors averaged 88.1 minutes on the sites in June (+10% versus May 2008) and total time spent (unique visitors multiplied by time spent per visitor) for the portfolio of sites' unique visitors equaled more than 2.5 billion minutes (+16% over May). Total visits in June were 143.8 million (+12% month-to-month).

Highlights* of Nickelodeon Kids and Family Group's digital performance in June include:

-- AddictingGames, the number-one independent gaming site since February 2007, had its best month ever, increasing its traffic in June by +5% to 10.7 million unique visitors who spent +24% more time on the site at an average of almost 30.5 minutes.

-- The ParentsConnect sites brought in almost 1.2 million uniques for the month of June, its best month ever (+15% over May 2008).

-- Noggin.com had its best month ever, generating 1.9 million uniques in June, +9% over the prior month.

-- June marked iCarly.com's highest month, with 3.4 million unique visitors (+27% month-to-month), up +4% from its previous record-setting month of March 2008.

-- Nick.com sites grew in uniques with 10.7 million visitors, up +6% month-to-month.

-- Neopets, the world's leading youth community and online virtual world, increased its unique visitors month-to-month by +22% to almost 3.4 million, and time spent on the site by +19%. Visitors spent an average of almost three hours (173.6 minutes) on the site in June.

The Nickelodeon/MTVN Kids and Family Group portfolio of digital sites, which serve kids, tweens and teens, and parents, focus on the pre-eminent activities that its audiences participate in online: gaming, social-networking and community, and video. The company's game-focused sites, which reach 20 million game players monthly (according to comScore Media Metrix, US only), will add 1,600 new games to its existing library of 5,000 games, new tools for users to build their own games, and several demographic-focused gaming sites. It also is in development of new, original virtual world properties like Monkey World (working title) and World of Neopia (working title), which are expected to launch in the next year.

About Nickelodeon

Nickelodeon, now in its 29th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon's U.S. television network is seen in more than 96 million households and has been the number-one-rated basic cable network for 14 consecutive years. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. .

*Source: comScore Media Metrix, June 2008 unless otherwise noted

Nickelodeon

CONTACT: Joanna Roses, +1-212-846-7326, or +1-917-363-4160, or Nakiah
Cherry Chinchilla, +1-212-846-6492, both of Nickelodeon

Web site: http://www.nick.com/
http://www.nickjr.com/arcade
http://www.the-n.com/
http://www.neopets.com/
http://www.shockwave.com/
http://www.addictinggames.com/
http://www.parentsconnect.com/
http://www.nickatnite.com/
http://www.noggin.com/
http://www.icarly.com/
http://www.mynoggin.com/

Liberty Announces Semi-Annual Payment on 3.5% Senior Exchangeable Debentures Due 2031Results in Further Reduction of Adjusted Principal Amount

ENGLEWOOD, Colo., July 15 /PRNewswire-FirstCall/ -- Liberty Media Corporation ("Liberty") announced a semi-annual payment to the holders of its 3.5% Senior Exchangeable Debentures due in 2031 (the "Debentures"). The amount of the payment is $17.50 per $1,000 of original principal amount of the Debentures.

This semi-annual payment will result in the further reduction of the adjusted principal amount of the Debentures. As previously announced, the principal amount of the Debentures was reduced in the amount of $162.616 per Debenture, resulting in an adjusted principal amount equal to $837.384 per Debenture. This adjustment resulted from an extraordinary distribution of cash that was paid to bondholders on January 10, 2007 in accordance with the indenture governing the Debentures (the "Indenture"). This extraordinary distribution arose from Freescale Semiconductor's merger with an entity controlled by a consortium of private equity firms in exchange for cash. At that time, Liberty announced that, in accordance with the Indenture, the adjusted principal amount of the Debentures would be further reduced on each successive semi-annual interest payment date to the extent necessary to cause the semi-annual payment on that date to represent the payment by Liberty, in arrears, of an annualized yield of 3.5% of the adjusted principal amount of the Debentures.

The adjustments described above will not affect the amount of the semi-annual payments received by holders of the debentures, which will continue to be a rate equal to 3.5% per annum of the original principal amount of the Debentures. Below is a detail of the amount of the payment being made on the Debentures, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount resulting from the payment, per $1,000 of original principal amount of the Debentures:

July 15, 2008 July 15, 2008 Beginning Additional Ending Adjusted Payment of Adjusted Principal Payment Interest Principal Principal 831.6426 $17.50 14.5537 2.9463 828.6963

The semi-annual interest payment and additional distribution are expected to be made on July 15, 2008 to holders of record of the Debentures on July 1, 2008.

Liberty Media Corporation owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group, which includes Liberty's interests in QVC.com, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the Liberty Entertainment Group, which includes Liberty's interests in the DIRECTV Group, Inc., Starz Entertainment, FUN Technologies, Inc., GSN, LLC, Wildblue Communications, Inc., and Liberty Sports Holdings LLC, and (3) the Liberty Capital group, which includes all businesses, assets and liabilities not attributed to the Interactive Group or the Entertainment Group including our subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc., and TruePosition, Inc., and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation. For more information, please see http://www.libertymedia.com/.

Liberty Media Corporation

CONTACT: Courtnee Ulrich of Liberty Media Corporation, +1-720-875-5420

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

IT Hiring Expected to Continue at Healthy Pace for Second Half of 2008, According to CareerBuilder.com Midyear Employment Forecast- Industry Simultaneously Seeing a Climb in the Amount of Passive Job Seekers -

CHICAGO, July 15 /PRNewswire/ -- The hiring outlook for IT employees remains positive for the second half of 2008, as 35 percent of IT employers are planning to increase the number of full-time, permanent employees from July through December; the highest among all industries surveyed. The CareerBuilder.com Midyear Employment Forecast was conducted from May 22 through June 13, 2008.

Looking forward, IT employees are keeping their options open. Twenty percent of employees reported they were actively looking for a new job. But, of those not actively looking for a job, 85 percent stated they would be open to a new one if they came across the right opportunity.

"Attracting and retaining skilled workers in the IT industry continues to be a challenge, as 45 percent of IT employers cite that they have open positions for which they cannot find qualified talent," said Eric Presley, Chief Technology Officer for CareerBuilder.com. "The pervasiveness of and reliance upon technology continues to escalate and the amount of graduates in IT is trailing behind the demand for their knowledge and expertise. Employers are becoming more competitive in their recruitment and retention efforts to secure top talent."

The shortage of qualified IT talent may be impacting company's bottom lines as well, as nearly one-third of employers (31 percent) are hanging on to employees that may not be performing at optimal levels in order to keep desks occupied.

One of the ways IT employers are appealing to in-demand workers is by increasing employee salaries. Nearly a quarter (24 percent) of IT hiring managers say the average change in salary will be 5 percent or more in the second half of 2008 compared to the first half of the year.

While increases in salaries by IT employers is a step in the right direction (53 percent of IT workers say they are satisfied or very satisfied with their pay), there are other areas that are of concern to IT workers. They include:

-- 38 percent of IT workers describe their workload as heavy or too heavy -- 23 percent of IT workers are dissatisfied with their career progress -- 23 percent of IT workers are dissatisfied with their work/life balance CareerBuilder.com garners more than 6 million IT job searches per month. Survey Methodology

This survey was conducted online within the U.S. by Harris Interactive on behalf of CareerBuilder.com among 216 IT hiring managers and human resource professionals (employed full-time; not self-employed; with at least significant involvement in hiring decisions); and 506 U.S. IT employees (employed full-time; not self-employed) ages 18 and over between May 22 and June 13, 2008, respectively (percentages for some questions are based on a subset U.S. Employers or Employees, based on their responses to certain questions). With a pure probability sample of 216 and 506 one could say with a 95 percent probability that the overall results have a sampling error of +/- 6.67 percentage points and +/- 4.36 percentage points, respectively. Sampling error for data from sub-samples is higher and varies.

About CareerBuilder.com

CareerBuilder.com is the nation's largest online job site with more than 23 million unique visitors and over 1.6 million jobs. Owned by Gannett Co., Inc. , Tribune Company, The McClatchy Company and Microsoft Corp. , the company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 1,600 partners, including 140 newspapers and leading portals such as America Online and MSN. More than 300,000 employers take advantage of CareerBuilder.com's easy job postings, 26 million-plus resumes, Diversity Channel and more. CareerBuilder.com and its subsidiaries operate in the U.S., Europe, Canada and Asia. For more information, visit http://www.careerbuilder.com/.

Media Contact: Allison Nawoj 773-527-2437 allison.nawoj@careerbuilder.com

CareerBuilder.com

CONTACT: Allison Nawoj of CareerBuilder.com, +1-773-527-2437,
allison.nawoj@careerbuilder.com

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

Expedia, Inc. conclut un accord pour l'acquisition de l'agence européenne Venere.com

SEATTLE et ROME, July 15 /PRNewswire/ --

Expedia, Inc. (Nasdaq : EXPE) a annoncé aujourd'hui qu'elle a conclu un accord dans le but d'acquérir l'agence italienne Venere Net ApA (http://www.venere.com) d'Advent International et de ses partenaires fondateurs. Venere.com entretient des relations avec environ 29 000 hôtels et chambres d'hôtes aux quatre coins de l'Europe et des États-Unis. Cette transaction aura pour résultat l'ajout de plus de 10 000 hôtels supplémentaires en Europe, au Moyen-Orient et en Afrique à l'offre hôtelière mondiale que d'Expedia, Inc. Les conditions de l'acquisition en attente n'ont pas été dévoilées. La conclusion de la transaction est assujettie à l'approbation des concurrents en Allemagne.

L'offre de Venere.com se concentre sur les réservations de chambres d'hôtel à l'intention des consommateurs européens. La société fournit également aux hôteliers des demandes provenant de sources géographiques diversifiées. La société entretient des relations directes avec environ 29 000 hôtels dans le monde, dont 26 000 en Europe, avec lesquels elle opère selon un modèle d'agence. A l'heure actuelle, Venere(TM) ajoute plus de 1 000 établissements hôteliers par mois à son offre.

<< L'acquisition de Venere permettra au portefeuille d'Expedia(R) de bénéficier d'une marque de consommation européenne à la fois reconnue et respectée >>, selon Dara Khosrowshahi, président et directeur-général d'Expedia, Inc. << En outre, notre présence en Europe, au Moyen-Orient et en Afrique en sera instantanément plus forte, et Expedia pourra diversifier son approche de modèle commercial pour tous ses partenaires hôteliers de par le monde. >>

<< Nous sommes ravis d'avoir eu l'occasion de jouer un rôle aux côtés de l'équipe de direction de Venere en aidant l'agence à évoluer d'un modèle d'entreprise dirigée par son fondateur à l'une des agences de voyage en ligne les plus grandes d'Europe >>, a déclaré John Singer, associé directeur d'Adven