Wireless Industry Press Releases

PayPal Opens Its Global Payments Platform

Jason Ankeny — Sat, 07 Nov 2009 17:45:03 -0500

PayPal today opened its global payments platform, PayPal X. The company unveiled new application programming interfaces (APIs), a new developer portal and introductory services pricing to help developers reap the financial benefits of building businesses on PayPal X. PayPal also demonstrated a mobile payment toolkit to embed payments directly into mobile applications – starting with iPhone.

“The whole world is going digital, and the future of how we communicate, how we get information, and even how we transact, is in the hands of developers,” said Scott Thompson, PayPal’s president. “The network is the platform on which the potential of digital money will be fully realized.”

New Capabilities for Adaptive Payments

PayPal unveiled new capabilities and enhancements for its Adaptive Payments APIs, expanding payment functionality for multiple recipients and on multiple platforms. New capabilities include:

Currency conversion: Fast, easy global payment apps, automatically converting currencies using current exchange rates.
Pay Anyone: For financial and other institutions to let their customers send money when logged in to their bank accounts. Their customers won’t need a PayPal account to use the service.
Pre-approvals: Enables developers to create reusable payments agreements between buyers and sellers. While payment approval happens online, the actual money movement can occur offline at different intervals, and through multiple devices that are not necessarily Internet-connected at the time.

The initial Adaptive Payments APIs have all been upgraded. Tested by more than 1,000 developers in the beta program, they are now available globally.

Send Money: Developers can build person-to-person (P2P) solutions or business-to-business (B2B) payment applications on their platform of choice – whether it’s the mobile phone or a social networking site.
Chained Payments: Developers can take a cut or distribute funds from PayPal payments as they happen.
Parallel payments: Developers can enable buyers to send money to several people in one payment, which is ideal for purchasing multiple items from different sellers, or even for payroll applications.

Introducing Adaptive Accounts

PayPal introduced a beta of its Adaptive Accounts API to provide a streamlined signup experience for people who don’t have PayPal accounts, while maintaining security and privacy of consumer data. With the new API, developers can create PayPal accounts for their customers from within their applications.

New Pricing for Services Payments

Starting in Q2 2010, PayPal will offer pricing for developers building applications in markets that are traditionally served by cash and checks, such as rent, consulting businesses or payroll. The introductory pricing is:

A flat fee of 50 cents for service transactions funded by a bank account or PayPal account balance, with a three-day settlement period; or
A 0.75 percent fee for service transactions funded by a bank account or PayPal account balance, with instant settlement.

With the introductory services pricing, PayPal now offers a comprehensive pricing package for developers. This includes PayPal’s tiered e-commerce pricing of 1.9 - 2.9 percent plus 30 cents; and PayPal’s micropayments pricing of 5 percent plus 5 cents, ideal for transactions under $10. In addition, PayPal will soon extend its free P2P pricing to developer applications.

Mobile Embedded Payment Toolkit Beta

A key component of PayPal X will be the mobile payment software development kit (SDK), which makes it easier for developers to integrate PayPal into mobile applications to buy physical goods. With just a few lines of code, developers can add a checkout button to accept mobile payments without having to worry about collecting any financial information. The mobile SDK, which will initially support iPhone, will be available in the first half of 2010.

“Mobile transactions have been notoriously tough to monetize,” said Osama Bedier, PayPal’s vice president of platform. “With the new SDK, just tell us how much you want to get paid and what the payment is for, and the funds will be transferred in seconds, not days or weeks.”

X.com Developer Portal

PayPal also unveiled X.com, a new developer portal that contains all the information developers need to create applications built with PayPal X. All general sessions at Innovate 2009 can be viewed live from x.com, and all sessions from the conference will be available for viewing at x.com after the conference.

Innovate 2009 Twitter handles and hashtags include: @PayPal, @PayPalX, #ppxi09 and #ChangeHowWePay.

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or personal financing. With more than 78 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay company and is made up of three leading online payment services: the PayPal global payments platform, the Payflow Gateway and Bill Me Later. More information about the company can be found at https://www.paypal.com.

FiberTower Reports 2009 Third Quarter Results

Mike Dolan — Fri, 06 Nov 2009 12:23:28 -0500

FiberTower Reports 2009 Third Quarter Results

Quarterly Revenue Increase of 4% and Continued Gross Profit Improvement

SAN FRANCISCO, Nov. 5 /PRNewswire-FirstCall/ -- FiberTower Corporation (Nasdaq: FTWR), a wireless backhaul services provider, today reported results for the quarter ended September 30, 2009.

Highlights for the third quarter of 2009 included the following:

Revenue grew 4% to $16.2 million from $15.6 million in the second quarter of 2009. Revenue grew 21% year-over-year.
Average monthly revenue per billing site grew 4% to $1,931 from $1,860 in the second quarter of 2009. Average monthly revenue per billing site grew 15% year-over-year.
Gross profit (service revenues less cost of service revenues - excluding impairment charges) increased by 20% to $1.8 million from $1.5 million in the second quarter of 2009.
Adjusted EBITDA remained unchanged as compared to the previous quarter at a loss of $3.2 million in the third quarter of 2009 due to expenses related to the Company's recently launched exchange offer. Adjusted EBITDA improved by 50% year-over-year.
The Company had cash and cash equivalents balance of $85 million at September 30, 2009.

"We completed another solid quarter highlighted by continued organic growth in our core cell site backhaul business and improving profitability," said Kurt Van Wagenen, FiberTower's President and Chief Executive Officer. "Our performance during the third quarter was primarily driven by greater penetration in existing markets. We also made progress in our other key initiatives, including signing four new wholesale partners, submitting seven applications for stimulus funding under the federal government's National Broadband Initiative (NBBI), and initiating a transaction intended to improve our capital structure."

Subsequent to the completion of the third quarter ended September 30, 2009, the Company announced the following events:

The Company commenced an exchange offer for its outstanding 9.00% Convertible Senior Secured Notes due 2012 (the "Existing Notes") for 9.00% Mandatorily Redeemable Convertible Senior Secured Notes due 2012 (the "Interim Notes"), which will be mandatorily redeemable upon certain conditions for a combination of cash, equity and new debt. The purpose of the exchange offer is to improve the Company's capital structure by reducing debt and cash interest expense as well as extending its debt maturities. Completion of the mandatory redemption is subject to certain conditions including: (i) receipt of shareholder approval in accordance with Nasdaq Stock Market requirements for the issuance of shares of common stock in the mandatory redemption; (ii) receipt of FCC approval for the change of control of the Company that will result from the issuance of shares of common stock in the mandatory redemption; and (iii) the exchange of not less than 90% of the outstanding Existing Notes for Interim Notes. The exchange offer is scheduled to expire at 5:00 p.m. Eastern time on December 1, 2009, unless extended by the Company. On November 4, 2009, the Company filed a preliminary Proxy Statement related to its special shareholder meeting scheduled for December 15, 2009.
Pursuant to the terms of the debt exchange offer, the Company's board of directors will be reduced from nine to seven members upon consummation of the mandatory redemption of the Interim Notes. John Kelly, Crown Castle's Executive Vice Chairman, will be appointed as FiberTower's Chairman of the Board. The Company's remaining directors will include Phil Kelley, Crown Castle's Senior Vice President of Corporate Development, Kurt Van Wagenen, and Steven D. Scheiwe, President of Ontrac Advisors. Additional directors will be elected following the mandatory redemption of the Interim Notes.
The Company announced that it has extended its Master Lease Agreement with Crown Castle for another five years. The parties also agreed to cooperate on the marketing of FiberTower's backhaul services at Crown Castle tower sites.
The Company announced that it was recognized by Deloitte LLP's Technology Fast 500(TM), which ranks the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004-2008. FiberTower ranked twentieth in the communications/networking category and 100th in the overall ranking.

"In October, we commenced an exchange offer for our outstanding 9% convertible notes in order to improve our capital structure by reducing our debt and interest expense, and also to extend our debt maturities," Van Wagenen added. "We believe this is a prudent move that will ultimately enhance our operating flexibility and improve our ability to pursue attractive opportunities that our developing within our sector. We are also pleased that Crown Castle expressed their support by extending our Master Lease Agreement for another five years and also committed to jointly marketing our services. We look forward to continuing to work alongside Crown Castle and capitalizing on the opportunities presented to us during this critical juncture in the wireless industry's development."

2009 Third Quarter Consolidated Results

Service revenues for the three months ended September 30, 2009 increased by $0.6 million or 4%, to $16.2 million compared to $15.6 million for the second quarter of 2009. Continuing organic growth from existing sites and the addition of 101 new billing locations drove the increase in service revenues during the third quarter of 2009.

The Company reported a gross profit of $1.8 million in the third quarter of 2009 as compared to gross profit of $1.5 million for the preceding quarter, an improvement of $0.3 million, or 20%. The 2009 third quarter represented the third consecutive quarter in which FiberTower reported positive gross profit. Gross profit or loss is calculated as service revenues less all cost of service revenues excluding impairment charges.

Operating expenses in the third quarter of 2009 increased by $1.2 million or 4% compared to the second quarter of 2009. Net loss was ($21.8) million for the third quarter of 2009 compared to net income of $20.8 million for the second quarter of 2009. Second quarter 2009 net income reflected the recognition of a gain of $44.6 million on the early extinguishment of debt.

On an Adjusted EBITDA basis, the loss in the third quarter of 2009 remained unchanged at $3.2 million as compared to second quarter of 2009. General and Administrative expenses for the third quarter included expenses of approximately $0.6 million associated with the exchange offer. Excluding these expenses, third quarter 2009 Adjusted EBITDA loss was $2.6 million as compared to a $3.2 million loss for the second quarter of 2009 and reflecting an improvement of 19% over the previous quarter. Adjusted EBITDA is defined as net income (loss) from operations before interest, taxes, depreciation and amortization, impairment and restructuring charges, stock-based compensation, gain on early extinguishment of debt and other income (expense). The reconciliation of Adjusted EBITDA, which is a non-GAAP financial measure, to net income (loss) is provided at the end of this news release.

Liquidity and Capital Resources

During the third quarter of 2009, the Company's consolidated cash consumption was $4.7 million as compared to $35.6 million in the second quarter of 2009. Excluding the impact of repurchasing debt in the second quarter of 2009, the Company's consolidated cash consumption remained unchanged at $4.7 million.

The Company's outstanding debt, including accretion, at September 30, 2009 was $307.5 million.

Capital expenditures for the third quarter of 2009 totaled $2.3 million unchanged from the second quarter of 2009. The majority of the capital investments made by FiberTower in the third quarter were used towards adding incremental customers at existing sites.

Consolidated cash and cash equivalents at September 30, 2009 were $85.0 million, compared to $89.7 million at June 30, 2009.

"Our actions over the last several quarters have been directed towards ensuring that the Company is in a stronger financial and operating position to benefit from opportunities that are presented to us," said Thomas Scott, Chief Financial Officer of FiberTower. "During the third quarter, we continued to generate improvements in gross profit and Adjusted EBITDA as well as maintained our available cash at sufficient levels. Our expectation for cash capital expenditures for 2009 is between $10 million to $15 million and we continue to have the ability to reduce those expenditures should market conditions warrant such an action."

The exchange offer described herein is being made in reliance of an exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933 (the "Securities Act") and an exemption from state securities law requirements provided by Section 18(b)(4)(C) of the Securities Act. None of FiberTower Corporation, its subsidiaries or its board of directors makes any recommendation as to whether holders of the Existing Notes should exchange their Existing Notes in the exchange offer.

Conference Call Details

FiberTower has scheduled a conference call for Friday, November 6, 2009 at 11:30 a.m. Eastern Time to discuss 2009 third quarter results. Please dial 480-629-9722 or 877-941-1848 and ask for the FiberTower call (ID #4173789) at least 10 minutes prior to the start time. A telephonic replay of the call will be available through 11:59 p.m. Eastern Time on November 13th and may be accessed by dialing 303-590-3030 using the passcode ID #4173789. An audio archive will also be available on FiberTower's website at http://www.fibertower.com shortly after the call and will be accessible for approximately ninety days.

About FiberTower

FiberTower is a backhaul and access services provider focused primarily on the wireless carrier market. With its extensive spectrum footprint in 24 GHz and 39 GHz bands, carrier-class microwave and fiber networks in 13 major markets and master service agreements with nine U.S. wireless carriers, FiberTower is considered to be the leading alternative carrier for wireless backhaul. FiberTower also provides backhaul and access service to government and enterprise markets. For more information, please visit our website at www.fibertower.com.

Forward-Looking Statements

This news release includes "forward-looking" statements, as that term is defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission, or SEC, in its rules, regulations and releases. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. These include statements regarding, among other things, our financial and business prospects, the deployment of our services, capital requirements, financing prospects, planned capital expenditures, expected cost per site, anticipated customer growth, expansion plans, expected cost savings associated with our reduction in workforce in 2008, anticipated cash balances and the completion of the exchange offer for the Existing Notes and the Mandatory Redemption. There can be no assurance that the exchange offer and consent solicitations will be completed, either because the conditions to complete such transactions may not be satisfied, or otherwise. There are many risks, uncertainties and other factors that can prevent the achievement of goals or cause results to differ materially from those expressed or implied by these forward-looking statements including, among other things, negative cash flows and operating losses, additional liquidity requirements, potential loss of significant customers, downturns in the wireless communication industry, regulatory costs and restrictions, potential loss of FCC licenses, equipment supply disruptions and cost increases, competition from alternative backhaul service providers and technologies, along with those risk factors described in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, as filed with the SEC.

    Key Operating Metrics       3Q08      4Q08      1Q09      2Q09      3Q09
    ---------------------       ----      ----      ----      ----      ----

    Billing Sites:
    --------------
    Billing Sites Added          146        33        27         5         8
    Ending Billing Sites       2,730     2,763     2,790     2,795     2,803
    Billing Sites / Sites
     Deployed                     88%       89%       89%       90%       90%
    Average Monthly
     Revenue/Site             $1,679    $1,732    $1,767    $1,860    $1,931

    Billing Customer
     Locations:
    ----------
    Billing Customer
     Locations Added             553       264       171        65       101
    Ending Billing Customer
     Locations                 5,832     6,096     6,267     6,332     6,433
    Colo rate                   2.14      2.21      2.25      2.27      2.30

    Sites Deployed:
    ---------------
    FiberTower Sites
     Constructed                  87        24         1        -3         0
    Ending Sites Deployed      3,096     3,120     3,121     3,118     3,118

    Backlog:
    --------
    Customer Location
     Backlog*                            1,463               1,281

Billing Sites are installed sites from which we provide revenue-producing service(s) to customer(s).

Average Monthly Revenue/Site is the average monthly revenue per billing site.

Billing Customer Locations are carrier locations at which we currently provide revenue-producing service(s). FiberTower billing sites could have multiple customer locations.

Collocation Rate is the number of customer locations per billing site.

Sites Deployed represents installed sites that are ready for the provision of services. FiberTower sites can be located on cell towers, rooftops, or other points of bandwidth aggregation.

Customer Location Backlog is the number of sold customer locations not yet billing. (*Note that FiberTower reports backlog on a semi-annual basis.)

                             FIBERTOWER CORPORATION
                 Condensed Consolidated Statements of Operations
                                   (unaudited)
                      (In thousands, except per share data)

                                     Three Months Ended   Nine Months Ended
                                        September 30,       September 30,
                                        -------------       -------------
                                        2009      2008     2009       2008
                                        ----      ----     ----       ----
      Service revenues                $16,213   $13,383  $46,511    $34,957
      Operating expenses:
        Cost of service revenues
         (excluding depreciation and
         amortization)                 14,430    15,819   42,564     48,220
        Cost of service revenues -
         impairment of long-lived
         assets and other charges         242       885      407     14,318
        Sales and marketing               610     1,020    2,058      4,601
        General and administrative      5,638     4,530   16,797     15,493
        Depreciation and
         amortization                   7,013     6,090   21,040     17,908
        Restructuring charges              90       438      291      5,962
        Impairment of goodwill              -         -        -     86,093
                                          ---       ---      ---     ------
          Total operating expenses     28,023    28,782   83,157    192,595
                                       ------    ------   ------    -------
      Loss from operations            (11,810)  (15,399) (36,646)  (157,638)
                                      -------   -------  -------   --------
      Other income (expense):
        Interest income                    32     1,083      259      4,757
        Interest expense              (10,060)  (11,397) (37,455)   (34,306)
        Gain on early extinguishment
         of debt, net                       -         -   98,248          -
        Miscellaneous income
         (expense), net                    (5)       38      167         48
                                           --        --      ---         --
          Total other income
           (expense), net             (10,033)  (10,276)  61,219    (29,501)
                                      -------   -------   ------    -------
      Income (loss) before income
       taxes                          (21,843)  (25,675)  24,573   (187,139)
      Income tax benefit                    -         -    1,087          -
                                          ---       ---    -----        ---
      Net income (loss)              $(21,843) $(25,675) $25,660  $(187,139)
                                     ========  ========  =======  =========

      Net income (loss) per share
       attributable to common
       stockholders:
           Basic                       $(0.14)   $(0.17)   $0.17     $(1.25)
                                       ======    ======    =====     ======
           Diluted                     $(0.14)   $(0.17)   $0.17     $(1.25)
                                       ======    ======    =====     ======

      Shares used in computing
       net income (loss)per share:
           Basic                      147,315   144,826  147,087    144,387
                                      =======   =======  =======    =======
           Diluted                    147,315   144,826  148,119    144,387
                                      =======   =======  =======    =======



                            FIBERTOWER CORPORATION
                     Condensed Consolidated Balance Sheets
                                 (unaudited)
                      (In thousands, except par value)

                                           -------------      ------------
                                           September 30,      December 31,
                                               2009               2008
                                               ----               ----
      Assets:
      Current assets:
        Cash and cash equivalents             $84,957           $154,357
        Accounts receivable, net of
         allowances of $50 and $37
         at September 30, 2009 and
         December 31, 2008, respectively        7,355              6,652
        Prepaid expenses and other
         current assets                         2,761              2,845
                                                -----              -----
          Total current assets                 95,073            163,854
      Property and equipment, net             222,320            236,585
      FCC licenses                            287,495            287,495
      Debt issuance costs, net                  5,430              9,599
      Intangible and other long-
       term assets, net                         3,825              3,936
                                                -----              -----
          Total assets                       $614,143           $701,469
                                             ========           ========

      Liabilities and Stockholders' Equity:
      Current liabilities:
        Accounts payable                       $2,936             $3,826
        Accrued compensation and
         related benefits                       2,131              2,052
        Accrued interest payable               11,487              4,628
        Other accrued liabilities               2,066              1,984
        Current portion of accrued
         restructuring costs                    1,199              1,342
                                                -----              -----
          Total current liabilities            19,819             13,832
      Other liabilities                         2,401              1,419
      Deferred rent                             7,182              6,175
      Asset retirement obligations              4,424              4,048
      Long-term accrued restructuring
       costs, net of current portion            1,801              2,436
      Convertible senior secured notes        307,508            430,317
      Deferred tax liability                   71,904             73,372
                                               ------             ------
          Total liabilities                   415,039            531,599
                                              -------            -------
      Commitments and contingencies
      Stockholders' equity:
        Common stock, $0.001 par value;
         400,000 shares authorized,
         151,288 and 150,520 shares issued
         and outstanding at September 30,
         2009 and December 31, 2008,
         respectively                             152                151
        Additional paid-in capital            797,668            794,095
        Accumulated deficit                  (598,716)          (624,376)
                                             --------           --------
          Total stockholders' equity          199,104            169,870
                                              -------            -------
          Total liabilities and
           stockholders' equity              $614,143           $701,469
                                             ========           ========



                           FIBERTOWER CORPORATION
               Condensed Consolidated Statements of Cash Flows
                                 (unaudited)
                               (In thousands)
                                                         Nine Months Ended
                                                           September 30,
                                                           -------------
                                                          2009       2008
                                                          ----       ----
      Operating activities
        Net income (loss)                               $25,660  $(187,139)
        Adjustments to reconcile net income (loss)
         to net cash used in operating activities:
          Depreciation and amortization                  21,040     17,908
          Gain on early extinguishment of debt, net     (98,248)         -
          Non-cash payment-in-kind of interest           18,213          -
          Accretion of convertible notes                 12,472     10,756
          Accretion of investments in debt
           securities                                         -       (851)
          Accretion of asset retirement obligations         375        322
          Amortization of debt issuance costs             1,018      1,701
          Stock-based compensation                        3,554      4,726
          Loss on disposal of equipment                      13        705
          Impairment of long-lived assets and other
           charges                                          407     14,318
          Restructuring charges                             291      4,444
          Impairment of goodwill                              -     86,093
          Income tax (benefit)                           (1,087)         -
          Net changes in operating assets and
           liabilities:
            Accounts receivable, net                       (703)    (1,971)
            Prepaid expenses and other current
             assets                                          84     (1,085)
            Other long-term assets                         (113)      (318)
            Accounts payable                               (890)    (9,000)
            Accrued compensation and related
             benefits                                        79     (1,074)
            Accrued interest payable                      6,859      8,955
            Other accrued liabilities and deferred
             rent                                           707      1,074
                                                            ---      -----
          Net cash (used) in operating activities       (10,269)   (50,436)
      Investing activities
        Purchases of certificates of deposit                  -     (4,244)
        Maturities of certificates of deposit                 -      5,000
        Maturities of restricted cash                         -     19,306
        Purchase of property and equipment               (6,951)   (34,000)
                                                         ------    -------
        Cash (used) in investing activities              (6,951)   (13,938)
      Financing activities
        Cash paid for par value on convertible
         notes repurchased                              (52,180)         -
        Proceeds from exercise of stock options               -        359
                                                            ---        ---
        Cash (used) provided by financing
         activities                                     (52,180)       359
                                                        -------        ---
      Net decrease in cash and cash equivalents         (69,400)   (64,015)
      Cash and cash equivalents at beginning of
       period                                           154,357    223,330
                                                        -------    -------

      Cash and cash equivalents at end of period        $84,957   $159,315
                                                        =======   ========

      Supplemental Disclosures
        Cash paid for interest                           $1,971    $18,128
                                                         ======    =======



    Reconciliation of Non-GAAP Financial Measures:
    This news release includes the use of adjusted EBITDA, which is a non-GAAP
    financial measure management uses to monitor the financial performance of
    the Company's operations.  This measurement, together with GAAP measures
    such as revenue and loss from operations, assists management in its
    decision-making processes relating to the operation of the Company's
    business.  Adjusted EBITDA is defined as net income (loss) from operations
    before interest, taxes, depreciation and amortization, impairment and
    restructuring charges, stock-based compensation, gain on early
    extinguishment of debt and other income (expense).  Adjusted EBITDA is not
    a substitute for operating income, net income (loss), or cash flow used in
    operating activities as determined in accordance with GAAP, as a measure
    of performance or liquidity.  In addition, the Company's presentation of
    Adjusted EBITDA may not be comparable to similarly titled measures
    reported by other companies.  This non-GAAP financial measure should be
    viewed in addition to, and not as an alternative for, the Company's
    reported financial results as determined in accordance with GAAP.  The
    following table shows the calculation of the Company's total Adjusted
    EBITDA reconciled to net income (loss).



                                             Three months ended
                                             ------------------
                                        9/30/09    6/30/09    9/30/08
                                        -------    -------    -------

    Net income (loss)                  $(21,843)   $20,791  $(25,675)
         Depreciation and amortization    7,013      7,004     6,090
         Stock-based compensation         1,280        873     1,590
         Impairment of long-lived
          assets and other charges          242         62       885
         Restructuring charges               90         97       438
         Interest income                    (32)       (73)   (1,083)
         Interest expense                10,060     12,280    11,397
         Gain on early extinguishment
          of debt, net                        -    (44,577)        -
         Miscellaneous (income) expense,
          net                                 5        (57)      (38)
         Income tax provision                 -        381         -
                                            ---        ---       ---

    Adjusted EBITDA                     $(3,185)   $(3,219)  $(6,396)
                                        =======    =======   =======





                                                   Nine months ended
                                                   -----------------
                                                   9/30/09    9/30/08
                                                   -------    -------

    Net income (loss)                              $25,660  $(187,139)
         Depreciation and amortization              21,040     17,908
         Stock-based compensation                    3,554      4,726
         Impairment of long-lived assets and other
          charges                                      407     14,318
         Restructuring charges                         291      5,962
         Impairment of goodwill                          -     86,093
         Interest income                              (259)    (4,757)
         Interest expense                           37,455     34,306
         Gain on early extinguishment of debt,
          net                                      (98,248)         -
         Miscellaneous (income), net                  (167)       (48)
         Income tax (benefit)                       (1,087)         -
                                                    ------        ---

    Adjusted EBITDA                               $(11,354)  $(28,631)
                                                  ========   ========

    Investor Contact:
    Gus Okwu / DRG&E
    404-532-0086
    gokwu@drg-e.com

    Company Contact:
    Ornella Napolitano, VP and Treasurer
    FiberTower Corporation
    415-659-3580
    onapolitano@fibertower.com

SOURCE FiberTower Corporation

BlackBerry Curve 8530 smartphone Coming to Sprint Featuring America's Most Dependable 3G Network and Affordable Price Plans

Phil Goldstein — Fri, 06 Nov 2009 11:21:54 -0500

Next generation of popular BlackBerry smartphone adds Wi-Fi, external multimedia buttons and BlackBerry App World; visit www.sprint.com to pre-register for BlackBerry Curve 8530 from Sprint

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Nov. 5, 2009-- Sprint (NYSE: S) announced today it will add the new BlackBerry Curve 8530 smartphone to the wireless industry's best lineup of devices. Beginning today, customers can visit http://www.sprint.com/blackberrycurve8530 to pre-register for this next generation of the popular BlackBerry wireless device on America's most dependable 3G network¹ with the affordability of Sprint's Everything Data plans featuring Any Mobile, Anytime^SM. Pricing and availability will be announced at a later date.

BlackBerry Curve 8530 smartphone makes it even easier to enjoy music on-the-go with dedicated keys to skip to the next song on a playlist, pause or play. It comes preloaded with several multimedia applications including BlackBerry Media Sync, Sprint Music Store^TM, Sprint TV^TM and Pandora^TM. It also boasts dedicated applications for a smoothly integrated social networking experience with Facebook ^®, MySpace^TM and Flickr^TM. BlackBerry Curve 8530 will be available in three color options - Black, Royal Purple and Red.

"BlackBerry Curve 8330 has been a tremendous success for Sprint. BlackBerry Curve 8530 continues that legacy with the addition of several important features that make it a winner for both entertainment and productivity," said Kevin Packingham, Sprint Senior Vice President of Product Development. "This is one device that can really do it all with the email, calendar and contact synchronization BlackBerry is known for as well as the latest multimedia and social media features. We are anxious to bring it to our customers who also appreciate the strength of our network, the affordability of our rate plans and our Ready Now customer service experience."

Sprint's BlackBerry Curve 8530 will offer BlackBerry App World^TM for instant access to thousands of applications. Sprint has employed an open Internet approach, and the Sprint Application Developer Program has been providing tools for third-party developers, since Sprint first launched the Wireless Web on its phones in 2001.

Sprint's affordable Everything Data plans now include Any Mobile, Anytime, a feature that removes restrictive calling-circles and provides unlimited calling on the Sprint network to and from any U.S. wireless phone regardless of carrier, at no additional charge with Everything Data plans starting at $69.99 per month (all price plans exclude surcharges and taxes).

Sprint's Simply Everything^SM offers nationwide unlimited calling, unlimited text and unlimited data, including email, social networking, Web browsing, Sprint Navigation, Sprint TV, streaming music, NFL Mobile Live and NASCAR Sprint Cup Mobile, for only $99.99 per month (plus taxes and surcharges). That is a $1,200 savings over two years versus a comparable AT&T iPhone^® plan². Both Everything Data and Simply Everything plans are available to existing customers without extending their service agreement. New lines of service require a two-year service agreement.

The Sprint Mobile Broadband Network (inclusive of data roaming) reaches more than 269 million people, 18,652 cities and 1,838 airports. The Sprint Networks (inclusive of data roaming) have twice the coverage of AT&T's current 3G network and 14 times the coverage of T-Mobile's current 3G network, both based on square miles³.

According to Sprint performance data, Sprint Mobile Broadband connections are successfully connected and maintained better than 99 out of 100 times. According to a recent independent network test conducted by PC World, Sprint tested as the most reliable network overall among US carriers in a 13-city performance test⁴.

Sprint is the first national carrier to test, launch and market 4G technology. Separate from its 3G investment, Sprint has announced plans to extend its 4G leadership by launching the next-generation service in numerous markets in 2009, including the recently launched markets of Atlanta, Las Vegas, Philadelphia and Portland, Ore.

Sprint is also the only wireless carrier to offer Ready Now service with trained retail associates to work one-on-one with customers to personalize their BlackBerry Curve 8530, set up features and demonstrate how it works before the customer leaves the store. Customers have the choice of sitting down with a Sprint retail associate at the time of purchase or they can schedule an appointment for a later time at www.sprint.com/storelocator.

About Sprint Nextel

Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two wireless networks serving more than 48 million customers at the end of the third quarter of 2009 and the first and only 4G service from a national carrier in the United States; industry-leading mobile data services; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The company's customer-focused strategy has led to improved first call resolution and customer care satisfaction scores. For more information, visit www.sprint.com.

¹Dependable" based on independent, third-party drive tests for 3G data connection success, session reliability and signal strength for the top 50 most populous markets from January 2008 to July 2009. Not all services available on 3G and coverage may default to separate network when 3G unavailable. Coverage may not be available everywhere. Customers should refer to sprint.com/coverage for details.

²Savings based on publicly available information comparing AT&T Nation Unlimited plus required iPhone data plan and optional unlimited text messaging totaling $149.99/month for AT&T as of publication date, excluding taxes, surcharges and fees. iPhone is a registered trademark of Apple, Inc.

³Coverage comparison based on publicly available information as of 04/01/09 inclusive of Sprint roaming partners. Based on square miles. Coverage comparison based on publicly available information as of 04/01/09 inclusive of Sprint roaming partners. Based on square miles.

⁴The PC World tests took place in March and April 2009 in 13 major markets across the country. In each location, testers measured download speed, upload speed and reliability. In all, 5,443 individual tests from 283 testing locations were conducted for each provider's 3G service. Testing was one minute in duration, and network performance can be highly variable from neighborhood to neighborhood.

Source: Sprint

Media Contact:
Sprint
Mark Elliott, 603-621-4511
Mark.J.Elliott@Sprint.com

Clearwire Appoints New Executives for Corporate Strategy and Marketing to Support Market Expansion

Phil Goldstein — Fri, 06 Nov 2009 11:21:45 -0500

Thu Nov 5, 2009 4:15pm EST

David D. Maquera Named Chief Strategy Officer

Thomas Enraght-Moony Joins Company as Senior Vice President of Marketing and
General Manager of CLEAR Online


KIRKLAND, Wash.--(Business Wire)--
Clearwire Corporation (NASDAQ:CLWR) today announced the appointment of two new
senior executives to support the company`s market expansion plans. 

David D. Maquera will serve as Clearwire`s senior vice president and chief
strategy officer, where he will be responsible for technology development,
strategic planning and implementation. Clearwire also named Thomas Enraght-Moony
as senior vice president and general manager of CLEAR Online, where he will
serve as head of marketing for the company overseeing all advertising and
marketing activities as well as the company`s online sales and customer
management. 

"David and Thomas bring a record of leadership and depth of experience that
further enhance one of the most experienced leadership teams in the mobile
industry," said Bill Morrow, CEO of Clearwire. "They bring fresh perspectives
and insights that will be beneficial to our customers, partners and
shareholders. I`m confident that their business acumen and vision will help
Clearwire capitalize on the incredible opportunities ahead of us." 

New Chief Strategy Officer

David D. Maquera most recently served as vice president of strategic development
for Cricket Communications/Leap Wireless, Inc., where he was responsible for
delivering strategic initiatives to successfully drive the company`s growth,
including development of the wireless broadband product, strategic partnerships,
and spectrum acquisitions. In eight years at Cricket/Leap, he also served as the
company`s chief information officer (CIO) and as vice president of product
engineering, where he developed and launched Cricket`s first mobile data
products. 

Prior to Cricket/Leap, he was a co-founder and executive vice president of
product and technology for Backwire, Inc., a media and technology start-up
company, which was acquired by Leap in 2001. Before Backwire, he was a
consultant with McKinsey & Company, Inc. 

Maquera also served ten years in the United States Navy, where he was an aviator
and Desert Storm combat veteran. Prior to leaving the Navy, he served as a chief
operations officer (COO) for Joint Warfare and Combat Flight Operations. He is a
graduate of the University of Pennsylvania and holds a Master of Business
Administration from Harvard University where he graduated with honors. He will
report to CEO Bill Morrow. 

New Senior Vice President of Marketing and General Manager of CLEAR Online

Thomas Enraght-Moony joins Clearwire from Match.com where he last served as CEO;
previously served as COO, and earlier as senior vice president and general
manager for North America. 

Prior to joining Match.com, Enraght-Moony was director and then vice president
of eCommerce at AT&T Wireless. Before AT&T Wireless, he held a number of
product, marketing, and business development positions at E*TRADE. Enraght-Moony
started his career as a software developer at Accenture. 

Enraght-Moony holds a Master of Arts (Hons) in economics and history from
Glasgow University and a Master of Business Administration from INSEAD. He will
report to chief commercial officer Mike Sievert. 

Other Executive Leadership Team Members

In addition to today`s appointments, Atish Gude, who previously served as chief
marketing officer, is leaving Clearwire to pursue new opportunities. "From the
earliest days of 4G at Sprint, Atish has been an instrumental part of the
leadership team that has helped Clearwire evolve into a leader in mobile
broadband. I want to personally thank him for his contributions and wish him
well in his next endeavor," said Morrow. 

The rest of Clearwire's senior leadership team remains unchanged and includes
the following executives: G. Michael Sievert remains chief commercial officer;
Erik E. Prusch remains chief financial officer; Dr. John Saw remains chief
technology officer; R. Gerard Salemme remains executive vice president of
strategy, policy and external affairs; Broady R. Hodder remains general counsel;
Kevin T. Hart remains chief information officer; Laurent J. Bentitou remains
chief people officer; Barry West remains president of international; Teresa
Elder remains president of strategic partnerships and wholesale; Scott Hopper
remains senior vice president of corporate development; Jim Ryder remains senior
vice president of sales and distribution; and Hope F. Cochran remains senior
vice president of finance and treasurer. 

About Clearwire

Clearwire Communications, LLC, an operating subsidiary of Clearwire Corporation
(NASDAQ:CLWR), offers a robust suite of advanced high-speed Internet services to
consumers and businesses. As part of a multi-year network build-out plan,
Clearwire`s 4G service, called CLEAR, will be available in major metropolitan
areas across the U.S., and bring together an unprecedented combination of speed
and mobility. Clearwire`s open all-IP network, combined with significant
spectrum holdings, provides unmatched network capacity to deliver next
generation broadband access. Strategic investors include Intel Capital, Comcast,
Sprint, Google, Time Warner Cable, and Bright House Networks. Clearwire
currently provides 4G service, utilizing WiMAX technology, in 17 markets and
provides pre-WiMAX communications services in 40 markets across the U.S. and
Europe. Headquartered in Kirkland, Wash., additional information about Clearwire
is available at www.clearwire.com. 

Cautionary Statement Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of
the securities laws. The statements in this release regarding plans for the
development and deployment of the first nationwide next-generation wireless
broadband network based on mobile WiMAX technology; the timing, availability,
capabilities and coverage of our network, including market launch plans;
products and services to be offered on our network; planned marketing and
branding efforts and other statements that are not historical facts are
forward-looking statements. The words "will," "would," "may," "should,"
"estimate," "project," "forecast," "intend," "expect," "believe," "target,"
"designed," "plan" and similar expressions are intended to identify
forward-looking statements. Forward-looking statements are projections
reflecting management`s judgment and assumptions based on currently available
information and involve a number of risks and uncertainties that could cause
actual results to differ materially from those suggested by the forward-looking
statements. Future performance cannot be assured. Actual results may differ
materially from those in the forward-looking statements due to a variety of
factors, including, but not limited to, the risks referenced in the section of
Clearwire`s Quarterly Report on Form 10-Q entitled "Risk Factors," filed August
13, 2009. Clearwire believes the forward-looking statements in this release are
reasonable; however, you should not place undue reliance on forward-looking
statements, which are based on current expectations and speak only as of the
date of this release. Clearwire is not obligated to publicly release any
revisions to forward-looking statements to reflect events after the date of this
release.

Clearwire
Media and Industry Analysts:
Susan Johnston, 425-216-7913
Susan.johnston@clearwire.com
or
Investors:
Mary Ekman, 425-216-7995
Mary.ekman@clearwire.com
or
JLM Partners for Clearwire
Mike DiGioia, 206-381-3600
mike@jlmpartners.com

VPIsystems Appoints Tito Sharma Chief Executive Officer

Fri, 06 Nov 2009 11:09:25 -0500

HOLMDEL, N.J., Nov. 6 /PRNewswire/ -- VPIsystems, Inc., the leading provider of network planning software and services for the global telecommunications industry, names Tito Sharma CEO. Tito takes on this role having most recently served as VPIsystems' CFO and Executive Vice President of Operations.

Over the past 15 years, Tito has held a number of senior executive positions in the telecommunications industry and led some of the most ground-breaking product innovations in the Operating Support System (OSS) space. In the late '90s, Tito served as a senior executive at Coreon, a company focused on networking OSS. Under his guidance, the company became one of the leaders in the end-to-end provisioning sector of the emerging carrier market. In 2002, Tito became CFO of Lemur Networks where he successfully led the development and roll-out of a major OSS platform deployed by large cable operators.

Tito brings significant experience and accomplishments to his new role at VPIsystems. He has a proven track record for establishing strategic direction, executing high-growth business plans, improving operating performance and articulating value and vision to customers and strategic partners.

"We are delighted to see Tito take charge as CEO," said Friedrich Bornikoel, Chairman of the Board and Managing Partner of TVM Capital. "His experience will allow VPIsystems to maintain its leadership in network planning and I look forward to him successfully extending VPIsystems' strategic reach in the wireless carrier market by delivering the most differentiated planning and analysis solutions available."

Tito holds a Bachelor of Science in Mathematics from Meerut University, Meerut, India; a Master of Science in Computer & Information Science with a concentration in Computer Networking from SUNY College of Technology; and a Master of Business Administration with a concentration in Finance from Syracuse University.

About VPIsystems, Inc.

VPIsystems, with its unique "One Network, One Plan" approach, is the leading provider of network planning and analysis software and services for the global telecommunications industry. VPIsystems' applications are strategic to communication service providers automating the capacity and network planning required to launch and deliver new high-bandwidth services. VPIsystems leverages a strong history of innovation and expertise in building network planning solutions. The company is headquartered in Holmdel, NJ, with offices in Europe, Asia, and Australia. For further information, visit us at www.vpisystems.com.

SOURCE VPIsystems, Inc.

Verve Wireless and The Associated Press Introduce "White Label" Mobile Application Publishing Services to Media Partners

Jason Ankeny — Fri, 06 Nov 2009 10:57:28 -0500

Verve Wireless, the leading provider of mobile publishing technologies to local media companies, and The Associated Press today announced that they are delivering mobile solutions that allow publishers to easily and efficiently launch their own customized, branded mobile applications based on the award-winning AP Mobile platform.

Verve will offer white label app solutions for Android, BlackBerry, iPhone, Nokia, Palm Pre and Windows Mobile.

The Verve/AP White Label App Solution offers publishers "best of breed" technology to accelerate their mobile strategies. Studies show that mobile apps drive 4-X-10X greater usage because they are fast and easier to use. They also allow publishers to build a powerful bond with users because the apps are stored on cell phone screens – in effect, "owned."

"When we launched the AP Mobile news network, the main objective was to deliver new revenue opportunities for our AP members at the local level. This new solution further supports that mission," said Jeff Litvack, AP's general manager of mobile and emerging products. "Building an app from scratch is time consuming and costly, there are numerous things to consider, and we want AP member news outlets to leverage what we've learned from our experiences with AP Mobile, freeing them to focus on creating compelling editorial content as well as developing new means for advertisers to reach readers."

The cohesive mobile App Solution is the latest product emerging from Verve Wireless to address the economic challenges facing today's news media with a means to monetize content in the mobile channel. Under the service, Verve will handle the set up and launch of a publishers' branded app, providing opportunities for media companies to deliver relevant local news to mobile users through a highly customizable interface supported by existing and in-network advertisers.

"Publishers need a simple, inexpensive solution to develop their mobile applications," said Art Howe, chief executive officer of Verve Wireless. "These white label solutions offer them a way to use the industry's best mobile technology for their own customized apps."

The new white label service is based off the award winning AP Mobile news network application developed for the iPhone, BlackBerry, Android, Palm Pre, Windows Mobile, and Nokia N series devices. To date, it has been downloaded by more than 2.4 million people and has more than 55 million page views a month. The application provides readers with features such as rich graphics, audio and video as well as breaking news alerts.

The new service was built to directly address expense and time constraints that publishers would face in building, hosting, maintaining and upgrading their own cross-platform mobile application. This allows publishers to streamline operations under one vendor and standardize content presentation, usage metrics and advertising delivery.

"Developing and maintaining a single mobile application that works great across a publishers' entire content spectrum isn't easy," Howe added. "Developing six applications across all the major mobile platforms is not only very hard but it is cost prohibitive given current media trends and time and staffing constraints. We decided we were in the best position to package all these solutions together and make them available to everyone. Publishers can focus on customizing the look and feel of their apps and generating great content and advertising."

The Verve Dashboard
Verve Dashboard provides publishers with a means to manage mobile executions in one place. It offers controls for use by editors, advertising, marketing, sales, and content creators. Publishing options include mobile Web, and client applications (all platforms), as well as video. Advertising options include display, messages, interstitial, video, and national geo-targeting, with the ability to manage one campaign across all properties utilizing the national network. Reporting and analytics are also provided through the dashboard.

White Label Application Features
Application registration
Secured content delivery
Headline display
Story display
Display advertising
Search
E-mail/ text content
Share content via social networks
Offline Usage
Photo gallery, video gallery
News delivery customization
Application localization

About AP Mobile
Developed by The Associated Press, a leader in the mobile news market, AP Mobile is an award-winning multimedia news portal. AP Mobile gives users news they can choose, offering the most apps optimized for today's latest and most popular devices and platforms. Initially launched in May 2008 as a mobile WAP site, www.apnews.com, AP Mobile news leads the market in offering consumers anytime access to AP's own worldwide coverage of international and local breaking news, sports, entertainment, politics and business as well as content from more than 1,000 AP members and third-party sources.

About The Associated Press
The Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the world to all media platforms and formats. Founded in 1846, AP today is the largest and most trusted source of independent news and information. On any given day, more than half the world's population sees news from AP.

About Verve Wireless
Based in Encinitas, CA; Verve Wireless, Inc., and their proprietary Verve Local Content Gateway(TM) allow local media companies and advertisers to seamlessly extend their reach into mobile devices across all the major carriers. Verve Wireless currently works with over 600 leading media companies from the US, Canada, and Europe including dailies, radio, and local broadcast stations. For more information visit www.vervewireless.com.

More Cable TV Choice for Consumers in 5 More Massachusetts Communities

Mike Dolan — Fri, 06 Nov 2009 10:47:04 -0500

More Cable TV Choice for Consumers in 5 More Massachusetts Communities

Thousands More Consumers, Small Businesses Now Can Order Verizon's FiOS TV, the Only TV Service Delivered Over Nation's Most Advanced Fiber-Optic Network Straight to Consumers

FITCHBURG, Mass., Nov. 5 /PRNewswire/ -- Consumers and small businesses in five more Massachusetts communities now have more choice in cable TV providers as Verizon continues to make FiOS TV - the ultimate home-entertainment experience with a broad range of programming choices and superior picture quality -- available to additional locations throughout the state.

The five latest communities are Billerica, Fitchburg, Milford, North Attleborough and Westford. They are among 104 Massachusetts communities (see list below) where the company's new television service is or will soon be offered. FiOS TV is the only TV service delivered over the nation's most advanced all-fiber network directly connecting to millions of individual homes and businesses.

FiOS TV now offers more than 600 total channels in Massachusetts- including 123 HD channels, more than any local cable TV company, including Comcast.

"FiOS TV gives consumers in these communities an outstanding alternative for their video entertainment with superior picture-and-sound quality, and innovative, interactive features that cable can't match," said Donna Cupelo, Verizon region president for Massachusetts and Rhode Island. "Customers in these communities who liked what FiOS did for their Internet connection will love what it does for their TV. We've harnessed the vast capacity of our advanced fiber-optic network to deliver a revolutionary, new entertainment experience giving customers the best choice for TV."

Massachusetts residents who are FiOS TV-eligible now have the option to trim their monthly bills by bundling FiOS TV service, FiOS Internet service and the Verizon Freedom Essentials unlimited calling plan, for as little as $79.99 a month. They also can add a Verizon Wireless calling plan for a Grand Slam of communications and entertainment services.

Residents in Billerica, Fitchburg, Milford, North Attleborough and Westford can check online at www.verizon.com/fios for more information or to request that Verizon contact them when FiOS services become available. Customers also can call their local Verizon sales office or 888-GET FiOS (888-438-3467).

Small and medium-sized businesses interested in business-grade FiOS services can visit www.verizon.com/bizfiostv to see online rebate offers of up to $409 depending on the services selected, or call 877-FiOS BIZ (877-346-7249) for more information.

FiOS TV Service Highlights

FiOS TV service highlights include:

More than 600 all-digital channels in Massachusetts grouped by genres such as entertainment, sports, news, shopping, movies and family, making it easy for audiences to find their favorite programming.
A total of 123 HD channels available for Massachusetts customers, with extraordinary clarity and theater-quality sound.
An industry-leading library of more than 18,000 video-on-demand (VOD) titles each month, 70 percent of which are free. In addition, the VOD library includes 2,400 HD titles per month.
An innovative interactive media guide (IMG) that gives customers a rich, personalized television experience with content from TV listings, VOD catalogs and the digital video recorder (DVR), as well as personal music and photos from a home network. Among the features of the IMG are:
- Multi-Room DVR - Verizon's Home Media DVR allows customers to stream recorded HD and standard-definition (SD) programs to up to six other TV sets throughout the home. This includes the ability to watch three separately recorded shows on three TV sets at the same time, plus pause recorded programming in one room and continue watching in another.
- Media Manager - This feature lets FiOS DVR customers access personal photos, videos, music and slide shows from their home computers and play them on their TVs. Subscribers also can search for and enjoy online videos from blip.tv, Dailymotion and Veoh on their TV screens.
- Remote DVR management - FiOS TV subscribers can remotely control their DVRs online, and via any cell phone with a data plan. Subscribers can use the service to remotely review, change or add recording requests; delete recorded programs; browse and search TV and video-on-demand listings; set parental controls; and more.
- Widgets - Customers have one-touch, on-demand access to personalized information such as traffic reports, daily local and national news headlines, fantasy sports, daily national sports headlines, and daily horoscopes, as well as interactive social TV applications from Twitter and Facebook, all while still enjoying their TV programming. Additional widgets include:
  - ESPN Fantasy Football - FiOS TV customers who are registered users of ESPN Fantasy Football will have instant on-screen access to personalized NFL statistics, including rosters, box scores, scoring leaders and player information.
  - Pro Football Widget - One-stop access to NFL stats and the NFL RedZone channel, giving customers who subscribe to the channel the ability to set on-screen alerts for whenever a team is moving inside its opponent's 20-yard line. The alerts, once set up, pop up at the bottom of the TV screen while subscribers are watching any channel.
  - KODAK Widget - This widget gives registered KODAK Gallery users instant on-screen access to photos and slideshows that they have stored on Kodak's online digital photo service.
  - Weatherbug Widget - Provides instant access to real-time, personalized weather information and forecasts. Subscribers can customize weather reports by any zip code, pull up hourly or seven-day forecasts, and view radar weather imagery to see how local conditions are developing.
- Free casual games - With the remote control, customers can access chess, solitaire, sudoku and wordplay.
- "What's Hot on FiOS TV" - Features information on the most-popular programs currently being broadcast in the region and the most popular VOD titles.
- Dual Pause and Play - Allows customers to pause live programming, change channels, and then return to the paused program and pick up where they left off.
- Channel sorting options - Customers can create two separate lists of favorite channels for family members. Customers also can filter channels in the guide by genre, for instances where a customer only may want to see HD content, international channels or kids programming, among others.

Programming choices for Hispanic, African-American, Asian, Russian and other multicultural audiences are available in every market, making FiOS TV an outlet for emerging and independent networks to showcase their diverse programming.

Verizon's fiber-to-the-premises (FTTP) network, the largest of its kind in the country, is currently under construction in more than half the states where the company offers landline communications services. The network brings the power and capacity of fiber optics directly into people's homes and has industry-leading quality and reliability. Fiber delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. It also delivers Internet download speeds of up to 50 Mbps* (megabits per second) and upload speeds of up to 20 Mbps as well as high-quality voice services.

The value of FiOS TV extends to the installation and customer support. Specially trained Verizon technicians will install the service and acquaint subscribers with FiOS TV features and services. Verizon is waiving the installation fee for up to three existing TV outlets, and there is no charge to install a needed optical network terminal at the subscriber's home. Charges for other installation services, such as additional outlets, may apply. Verizon provides 24 x 7 technical assistance by phone from its Fiber Solutions Centers in Providence, R.I., and other cities.

[In Massachusetts, FiOS TV is available in Abington, Acton, Andover, Arlington, Ashland, Bedford, Bellingham, Belmont, Billerica, Boxborough, Boxford, Braintree, Burlington, Canton, Danvers, Dedham, Dover, Dunstable, Easton, Fitchburg, Framingham, Franklin, Georgetown, Grafton, Groton, Hamilton, Hanover, Hingham, Holliston, Hopkinton, Hudson, Hull, Ipswich, Kingston, Lakeville, Lawrence, Leominster, Lexington, Lincoln, Littleton, Lynn, Lynnfield, Malden, Mansfield, Marion, Marlborough, Marblehead, Marshfield, Mattapoisett, Maynard, Medfield, Medway, Melrose, Mendon, Methuen, Middleborough, Middleton, Milford, Millbury, Nahant, Natick, Needham, Newton, Norfolk, North Andover, North Attleborough , North Reading, Northborough, Norwood, Norwell, Plymouth, Reading, Rochester, Rockland, Rowley, Sherborn, Southborough, Stoneham, Stoughton, Stow, Sudbury, Sutton, Swampscott, Taunton, Tewksbury, Topsfield, Tyngsborough, Wakefield, Walpole, Waltham, Wareham, Wayland, Wellesley, Wenham, West Newbury, Westborough, Westford, Weston, Westwood, Wilmington, Winchester, Wrentham and Woburn, and will soon be available in Chelmsford.]

(More information about FiOS TV and fiber optics is available in Verizon's online News Center at www.verizon.com/news.)

* NOTE: Actual (throughput) speeds will vary.

Verizon Communications Inc. (NYSE: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 89 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 230,000 and last year generated consolidated revenues of more than $97 billion. For more information, visit www.verizon.com/news.

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

SOURCE Verizon

Create your online shop with OzfreeOnline

Fri, 06 Nov 2009 10:45:58 -0500

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Bsquare Signs Windows Mobile Distribution Agreement With Microsoft

Jason Ankeny — Fri, 06 Nov 2009 10:42:13 -0500

Bsquare Corporation (NASDAQ:BSQR - News), the leading software solutions provider to the global embedded device community, today announced that it has signed an agreement with Microsoft Corp. under which Bsquare will be the first company to distribute Windows Mobile software and mobility applications internationally.

Bsquare will begin supporting approximately 30 select Windows Mobile partners with licensing, technical support and go-to-market activities as their current direct agreements with Microsoft end. Bsquare will offer personalized account management and highly-responsive technical support to ensure these Windows Mobile OEMs are successful with current Windows Mobile products.

"Microsoft is pleased to announce Bsquare as the first distributor for the Mobile Indirect Channel initiative. Microsoft continues to enrich and expand its Windows Mobile ecosystem and build upon the stability, reliability, performance and richness of Windows Mobile," said Daren Mancini, general manager in the OEM division at Microsoft. "As developers and OEMs expand the number of mobile applications, services and devices, Microsoft is taking a new approach to sell and support Windows Mobile to a broader base of both consumer- and enterprise-focused Windows Mobile customers. Bsquare is uniquely positioned to leverage its deep knowledge of the Windows Mobile operating system, ecosystem and marketplace and serve the broader base of customers with its consultative approach."

"Mobility solutions are one of the most sought after technologies in the workplace today," according to Philippe Winthrop, director of enterprise mobility at Strategy Analytics. "Given the opportunity for improved flexibility and performance of a workforce, mobile platforms that can support the needs of both knowledge works and field/fleet service professionals provide valued scalability to IT and line of business managers. Growth in this market will only accelerate as markets continue to exit this global recession."

Bsquare will work closely with Microsoft to take the Windows Mobile platform to a broad set of mobility OEMs and operators. Bsquare will enable new mobility OEMs to get to market more quickly with its TestQuest automated testing products customized for Windows Mobile devices. Bsquare also will provide Windows Mobile reference designs and board support packages in partnership with leading silicon vendors, communication stacks, technical support, training, engineering services and other value-add products to the broad base of Windows Mobile customers.

"Being named Microsoft's first Windows Mobile distribution partner is a significant milestone for Bsquare. Windows Mobile is the only mobile operating system that enables solution providers to offer seamless integration of applications and connectivity for device users to enterprise business centers making it the obvious choice not only for handsets but also for ruggedized devices such as data collection terminals or telematics devices," said Brian Crowley, Bsquare's president and CEO. "We anticipate working with new and existing Windows Mobile OEMs and moving them to market quickly with our experience in all phases of Windows Mobile development and by offering our breadth partners support throughout their development cycles."

Bsquare will distribute Windows Mobile software internationally including Windows Mobile 6.5, the latest version of Microsoft's mobile software launched October 6, 2009. New Bsquare customers will include both handset manufacturers developing Windows� phones for consumers and rugged device manufacturers shipping data collection terminals to businesses and other OEMs.

Bsquare currently distributes Windows Embedded licenses in North America and offers system integration services at 10 development centers located in the U.S., Canada, U.K., Taiwan, China and India. During the last 12 months Bsquare has worked on service engagements with 15 unique Windows Mobile customers on projects such as Windows Mobile porting, application development, quality assurance testing and LTK (Logo Test Kit) testing preparation.

For more information about Windows Mobile licensing and to take advantage of special training offers, visit www.bsquare.com/windowsmobile.

About Bsquare

Bsquare is an industry leader with a proven track record in providing engineering services and production-ready software products for the smart device market. Since 1994, Bsquare has provided device manufacturers with software solutions for personal navigation devices, point-of-sale terminals, handheld data terminals, smart phones and many other device categories allowing them to get to market more quickly and cost effectively.

MobiHand Unveils On-Device Theme Store for BlackBerry Devices Offers Thousands of Premium Free and Paid Themes From Hundreds of

Jason Ankeny — Fri, 06 Nov 2009 10:20:30 -0500

MobiHand, Inc., a leading provider of mobile
content and application stores, has unveiled the MobiHand On-Device
BlackBerry Theme Store, which provides immediate access to thousands of
themes and exclusive deals for personalizing the BlackBerry device's look
and feel. The themes enhance the functionality of the home screen while
showcasing the graphical user interface design expertise of the hundreds of
developers selling through the MobiHand catalog.

"Themes have always been one of the most popular categories in our catalog
because they provide an affordable way to add personality, individuality
and fun to BlackBerry devices," said Steve Howard, president and CEO of
MobiHand, Inc. "With dozens being added to our catalog every week, it is
clear that the only limit is the imagination of the theme developers
working with us. For customers, that's a great thing because they now will
have instant access to creative new looks along with lots of specials, like
our Deal-of-the-Day, anytime and anywhere."

A key feature of the On-Device BlackBerry Theme Store is automatic device
detection that ensures that all the themes presented to a user will work
properly on their particular BlackBerry.

Some popular themes included at the launch include: iBerry by Lunars Edge
Design, Real iBerry Blocks by JC Designs - Gadgetbean, AppleBerry Theme
Suite by BlingBerry Themes, STORM Today Plus / Dual SLIDING DOCK -- by JC
Designs - Gadgetbean, Windows 7 v2.0 by Lunars Edge Design, Metalic by JC
Designs - Gadgetbean, Transitions v1.0 by Z Man Designs, In The Know --
Today + w/ SLIDING Bottom Dock Icons 0 by Magnum | Zimplifier, m[i]Berry
v1.0 to 1.1 by Cocky Culture, HedoneDesign Simple theme by Hedone Design,
and Sticky Notes Theme by Gemblock.

MobiHand On-Device BlackBerry Theme Store Highlights:

The new theme store shares many of the features of the On-Device BlackBerry
App Store that was launched over the summer as an alternative to Research
in Motion's BlackBerry App World.



--  Automatic Device Detection -- to ensure compatibility

--  Deal of the Day -- where a new best-selling theme is offered at deep

    discount every 24 hours.

--  Browse by Category -- Animals, Automotive, Comics/Cartoons, Holidays,

    Icon Style, Just for Girls, Sports, Today Plus, Today Style, Zen Style etc.

--  Browse by List -- to view Top Themes, "What's New," "What's Hot" and

    Specials

--  Detailed Theme Descriptions -- include product details, ratings,

    reviews and screenshots carousel

--  Optimized checkout using a credit card with one-click convenience

--  Easy download and installation -- with OTA delivery directly to the

    BlackBerry device

--  Customer service -- provided by a dedicated team to ensure complete

    customer satisfaction.

"Due to the overwhelming response to our On-Device BlackBerry App Store,
especially in the category of themes, it made sense for us to offer
customers an even more streamlined way to obtain themes," said Howard.

Examples of Theme Developers in the MobiHand Network:



--  Michelle Foster, of BlackBerry Boutique ~ Skigoddess has been selling

    themes through the MobiHand network for nearly a year, with her most

    popular being 4 Seasons, HeeLs In The CiTy, The WiLd and Rose StiLetto.

"MobiHand's team has been a pleasure to work with. They are responsive to
their customers as well as their developers. I especially like how they
are always seeking ways to improve the customer shopping experience."



--  Tony Dimovski, of Cocky Culture, has been developing themes for just

    over 7 months. Rocker Chic, his first Rock-inspired theme, Robotika and da

    Vinci are some of his most popular themes.  His themes are designed to run

    quickly, efficiently, and still look good.

"The ease of use and distribution channels that MobiHand brings to the
table have literally taken me from someone who, 7 months ago, was
collecting unemployment and worrying about how I was going to pay the bills
to currently bringing in a larger income than I could have ever imagined
from a 'hobby' while allowing me to enjoy the other aspects of my life. I
really owe a lot to MobiHand."



--  Hedone Hawker of Hedone Design has been selling themes on the MobiHand

    network for a year.  His OSXLike and Windows Se7en themes place an emphasis

    on functionality (i.e. battery and signal meters are used as buttons) as

    well as graphic design.

"In a short period of time, Hedone Design was able to become one of the
most popular theme designers. Being able to get our themes distributed
quickly and efficiently through the MobiHand network has made a huge
difference for us."



--  John Choong of JC Designs - Gadgetbean started developing themes over

    5 years ago, with the Real iBerry Blocks series of themes being his

    flagship.

"What I really like about working with MobiHand is the personal approach.
I also like how MobiHand is always coming up with promotional ideas and new
ways to help extend our reach into the BlackBerry community."

Availability and Grand Opening Special Deals:

The MobiHand On-Device BlackBerry Theme Store can be downloaded over the
air (OTA) by going to www.mobihand.com/ThemeStore : http://www.mobihand.com/ThemeStore from the BlackBerry Web
browser.

To celebrate the app store's grand opening, from now until November 15, all
themes are 20% off. Just enter coupon code, "ThemeStore" during checkout.
In addition, the Theme Store's Deal-of-the-Day will offer discounts of up
to 50% off best-selling BlackBerry themes.

To learn more about the MobiHand Theme Store for BlackBerry go to
www.mobihand.com/themestore.asp : http://www.mobihand.com/themestore.asp on your desktop browser.

About MobiHand:

MobiHand, Inc. is a leading distributor of software and content for a wide
range of mobile devices, including BlackBerry, Windows Mobile, Palm,
Symbian and Android. With a catalog of over 20,000 mobile applications,
media products, and subscription services from over 1000 content providers,
MobiHand powers hundreds of co-branded app stores worldwide. The company
delivers end-to-end services for the aggregation, marketing, purchasing,
and provisioning of mobile content. MobiHand's best-in-class management
platform, MobiReach, provides comprehensive tools for catalog management,
localization, store design and administration, marketing and ad campaigns,
and reporting. The company is headquartered in the San Francisco Bay Area.
For more information about MobiHand, please visit
http://corporate.mobihand.com : http://corporate.mobihand.com .

Copyright 2009 MobiHand, Inc. All other product names, servicemarks, and
trademarks mentioned herein are trademarks of their respective owners.

AT&T Completes Acquisition of Centennial Communications

Mike Dano — Fri, 06 Nov 2009 10:11:33 -0500

Acquisition Enhances AT&T's Wireless Network Coverage in Rural Areas, Service for Businesses Operating in Puerto Rico

DALLAS--(BUSINESS WIRE)--AT&T* today announced that it has completed its acquisition of Centennial Communications Corp. (Nasdaq:CYCL - News). The acquisition enhances AT&T's network coverage across the Midwest and Southeast United States and in Puerto Rico and the U.S. Virgin Islands.

The combination of the two companies' wireless networks will allow AT&T to deliver broader wireless coverage, including to approximately 893,000 former Centennial wireless subscribers.1 With the addition of Centennial, AT&T also expands its wired network coverage to Puerto Rico, enhancing service for its business customers with operations there.

"The addition of Centennial will enhance AT&T's assets in wireless - a strategic priority and one of our biggest growth drivers - and service for customers of both companies," said Ralph de la Vega, president and chief executive officer of AT&T Mobility and Consumer Markets. "We're excited to give Centennial wireless subscribers access to the nation's fastest 3G network plus our premier lineup of smartphones and unmatched portfolio of applications and services.

"We'll also improve network reliability for our wireless subscribers who will be able to make on-network calls in the Centennial footprint," said de la Vega. "And as Centennial's broadband network in Puerto Rico is integrated with AT&T's extensive global network and advanced service offerings, we'll offer corporations that operate in Puerto Rico the benefits of end-to-end service over a single network."

Integration Plans

AT&T plans to integrate Centennial's networks and products with AT&T's networks and product portfolio. The transaction extends AT&T's wireless network coverage in primarily rural areas of Indiana, Louisiana, Michigan, Ohio and Texas as well as enhances coverage in Puerto Rico and the U.S. Virgin Islands.

In the mainland U.S., AT&T will move quickly to rebrand Centennial as AT&T and to make AT&T's innovative products and services available to Centennial's customers.2 By late January 2010, AT&T products and services will be available at more than 100 Centennial retail locations. Within the same timeframe, AT&T signage will be installed in all Centennial locations. Former Centennial wireless subscribers may keep their existing rate plans, but they will also have the opportunity to migrate to AT&T rate plans without activation or upgrade fees. Existing AT&T customer contracts will not change.

In Puerto Rico, the Centennial brand will continue through mid-2010. AT&T will honor the current rate plans and contracts of Centennial wireless subscribers. AT&T expects to make the full portfolio of AT&T products and services available in Centennial locations in Puerto Rico in the third quarter of 2010. At that point, Centennial customers will have the opportunity to migrate to AT&T rate plans without activation or upgrade fees. Existing AT&T customer contracts in Puerto Rico will not change.

To provide the best experience possible for Centennial customers who choose to migrate to AT&T service, prior to the transition, AT&T plans to deploy 3G at more than 200 sites in Centennial's markets. This deployment plan includes adding 3G capabilities at more than 100 sites and expanding 3G coverage and capacity at approximately 100 sites.

Centennial customers who choose AT&T plans will enjoy significant benefits as they join the AT&T network. AT&T offers the best wireless coverage worldwide, with more phones working in more places; more applications running over its network; and access to the nation's fastest 3G network, which will get even faster as AT&T rolls out HSPA 7.2 technology in advance of its deployment of 4G LTE service. And unlike other wireless networks, AT&T's network enables subscribers to talk and e-mail or surf the Web at the same time - one of the reasons, along with the industry's leading lineup of devices, that significantly more smartphone users have chosen AT&T over other wireless carriers. Centennial customers who choose select smartphones and LaptopConnect cards will have access to AT&T's Wi-Fi hot spot network, the largest in the U.S. with more than 20,000 hot spots, at no additional charge. AT&T will also offer Centennial subscribers Rollover® Minutes, a feature exclusive to AT&T, as well as a mobile-to-mobile calling community of nearly 82 million3 members.

Centennial's wired network assets in Puerto Rico will also allow AT&T to better serve business customers with a presence in Puerto Rico. AT&T will continue to provide switched voice, high-capacity data and Internet Protocol solutions for business customers in Puerto Rico. Existing Centennial customers will now have access to new technologies, to AT&T's innovative products and to both wireline and wireless services from AT&T.

Merger Synergies and Financials

The acquisition of Centennial will provide AT&T opportunities for synergies in areas such as corporate functions, advertising, customer care and network operations. AT&T expects upfront integration costs will result in minimal dilution to EPS and cash flow in 2009. As previously announced, Centennial stockholders will receive $8.50 per share in cash. Including net debt, the transaction is valued at $2.7 billion. AT&T will take prompt actions to redeem all of Centennial's outstanding debt under its indentures and credit agreement.

Regulatory Approval Process

AT&T's acquisition of Centennial has been reviewed and approved by the Federal Communications Commission (FCC). Pursuant to a consent decree, the U.S. Department of Justice (DOJ) and the Attorney General of the State of Louisiana have agreed to permit the merger to close.

As a result of the FCC and DOJ review processes, AT&T agreed to divest operations in eight service areas: Alexandria, La., Lafayette, La., LA-3 (DeSoto), LA-5 (Beauregard), LA-6 (Iberville), LA-7 (West Feliciana), MS-8 (Claiborne) and MS-9 (Copiah). Per the terms of a definitive agreement signed in May 2009, AT&T has agreed to divest to Verizon Wireless five of the Centennial service areas covered under the DOJ ruling. These five service areas are Lafayette, La., LA-5 (Beauregard), LA-6 (Iberville), LA-7 (West Feliciana) and MS-8 (Claiborne). AT&T now expects that this transaction will close in the first quarter of 2010, once the companies obtain regulatory approvals. AT&T also has a definitive agreement with Verizon Wireless to acquire wireless properties Verizon Wireless is divesting as a result of its acquisition of Alltel. That transaction is also subject to regulatory approvals and is expected to close in the fourth quarter of 2009.

To secure FCC approval of the transaction, AT&T committed to honor agreements for roaming on Centennial's network. AT&T will honor existing roaming agreements with other carriers for the life of the contract - or, for carriers with fewer than 10 million subscribers, will maintain the roaming agreement for at least four years or the full term of the agreement with Centennial, whichever is longer. AT&T also agreed to certain measures restricting the flow of competitive information between AT&T and América Móvil. AT&T is a minority shareholder in América Móvil, which also provides telecommunications services in Puerto Rico.

1 Centennial subscriber figure represents the subscriber base after divestitures of Centennial operations in eight service areas: Alexandria, La., Lafayette, La., LA-3 (DeSoto), LA-5 (Beauregard), LA-6 (Iberville), LA-7 (West Feliciana), MS-8 (Claiborne) and MS-9 (Copiah).

2 Any discussion of integration of Centennial into AT&T's operations excludes the eight service areas to be divested.

3 Mobile-to-mobile calling community includes the addition of Centennial subscribers.

*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

About AT&T

AT&T Inc. (NYSE:T - News) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine's list of the World's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.

© 2009 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

Note: This AT&T news release and other announcements are available as part of an RSS feed at www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

Cautionary Language Concerning Forward-Looking Statements

Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

Contact:

AT&T Inc.
McCall Butler, 212-453-2354
Mobile: 917-209-5792
E-mail: mbutler@attnews.us

TELUS Corporation - Notice of cash dividend

Fri, 06 Nov 2009 09:08:46 -0500

CALGARY, Nov. 6 /PRNewswire-FirstCall/ - NOTICE IS HEREBY GIVEN that the Board of Directors has declared a quarterly dividend of forty-seven and one half cents ($0.475) Canadian per share on the issued and outstanding Common shares and forty-seven and one half cents ($0.475) Canadian per share on the issued and outstanding Non-Voting shares of the Company payable on January 4, 2010 to holders of record at the close of business on December 11, 2009.

SOURCE TELUS Corporation

Best Buy Mobile Announces Partnership with Google to Co-Market Google Mobile App

Jason Ankeny — Fri, 06 Nov 2009 09:07:49 -0500

Best Buy Mobile, the mobile specialty retail unit of Best Buy Co., Inc., today announced a retail partnership with Google™ that will help bring Google Mobile App to consumers and expand their mobile experiences. Best Buy is the first retailer in the U.S. to work with Google to distribute Google Mobile App on smartphones sold in store.

“We know that consumers want smartphones and, increasingly, they want to use applications,” said Scott Moore, VP of Marketing for Best Buy Mobile. “The challenge is that people still need help understanding what is available to them and how they can bring it to life on their device. This partnership between Best Buy and Google serves that role and will go a long way in bringing applications to more consumers regardless of what device, carrier or platform they use.”

Google Mobile App makes it fast and easy to search Google from your mobile phone. Key features include:
• One-click access to Google - search Google without having to navigate to the internet
• Search by voice - speak your query in plain English
• My Location - search for local businesses without having to type your current location
• Google Suggest - search for suggested queries and businesses that appear as you type
• Links to other Google apps including Google Maps™, Gmail™, YouTube™

"We are excited to offer users a new and more personalized way of getting Google on their smartphones,” said Marc Vanlerberghe, Director of Marketing at Google. “While Google Mobile App is available as a free download from m.google.com, often times users run into problems because they don't have the right handset or data plan. Through this agreement, experts at Best Buy Mobile will be available to help users install Google Mobile App on their existing or new smartphone so that they can Walk Out Working."

Best Buy Mobile associates will install Google Mobile App on all compatible smartphones through the Walk Out Working program which is a free in-store smartphone setup. Google will announce this additional method of getting Google Mobile App on its Mobile Blog (http://googlemobile.blogspot.com) and will provide more information on a new web site, (http://www.google.com/bestbuymobile), scheduled to launch November 9.

“This relationship is an opportunity for both Google and Best Buy Mobile to provide consumers with better access to innovative applications like Google Mobile App,” said Moore. “Going beyond simply selling mobile phones, working with ground-breaking companies like Google allows Best Buy Mobile to improve the buying experience and deliver against its customer promise of being there through the life of the phone”

Best Buy Mobile has become a leading destination for smartphone purchases, because of the promise it makes to customers: better choice of phones and networks; impartial, informed advice; straightforward pricing; and someone to be there for the life of the phone.

About Best Buy Mobile

Best Buy Mobile features one of the largest selections of carriers, handsets and accessories available anywhere, as well as a highly-trained staff to help customers make the most of their mobile phones. Best Buy Mobile locations feature more than 90 different handsets from nine carriers, and over 130 accessories. Employees undergo at least 80 hours of intensive training, as well as continuing education on mobile phone technology and trends. Look for your mobile phone solution at Best Buy Mobile locations in every Best Buy store as well as in standalone stores nationwide.

About Best Buy Co., Inc.

With operations in the United States, Canada, Europe, China and Mexico, Best Buy is a multinational retailer of technology and entertainment products and services with a commitment to growth and innovation. The Best Buy family of brands and partnerships collectively generates more than $45 billion in annual revenue and includes brands such as Best Buy; Audiovisions; The Carphone Warehouse; Future Shop; Geek Squad, Jiangsu Five
Star; Magnolia Audio Video; Napster; Pacific Sales; The Phone House; and Speakeasy. Approximately 155,000 employees apply their talents to help bring the benefits of these brands to life for customers through retail locations, multiple call centers and Web sites, in-home solutions, product delivery and activities in our communities. Community partnership is central to the way we do business at Best Buy. In fiscal 2009, we donated a combined $33.4 million to improve the vitality of the communities where our employees and customers live and work. For more information about Best Buy, visit www.bestbuy.com.

Phoenix Coyotes Activate AT&T Sponsorship Using Txtstation Mobile Marketing

Fri, 06 Nov 2009 09:07:18 -0500

GLENDALE, Ariz., Nov. 6 /PRNewswire/ -- The Phoenix Coyotes and Txtstation Mobile Marketing announced today that they renewed their partnership for the 2009/2010 season that will bring real-time texting features to the fans at the Jobing.com Arena. The promotions range from live polling, picture to screen, and text to screen.

During games fans will be asked to engage in real time with the center video board and the Daktronics ribbon boards. "Coyotes fans enjoy interacting with the team, and we wanted to provide our fans with the best-of-breed technology to connect them with the team. Txtstation has developed great concepts and graphics for our games. Our goals were to entertain fans during games and find new ways to share information about the team, events and special offers," said Stacey Cohen, Vice President of Marketing for the Phoenix Coyotes.

"We are honored to work with the Phoenix Coyotes again. We love the high quality of execution they put into every mobile concept for their wireless partner, AT&T. We hope to work with Phoenix Coyotes for years to come," said Michael Falato, Vice President of Sales and Business Development for Txtstation Mobile Marketing.

About Phoenix Coyotes

The Phoenix Coyotes are a professional ice hockey team based in Glendale, Arizona, just outside of Phoenix. They are members of the Pacific Division of the Western Conference of the National Hockey League (NHL). They play their home games at Jobing.com Arena. The Coyotes were founded in 1972 as the Winnipeg Jets of the World Hockey Association (WHA), joining the NHL in 1979 and moving to Phoenix in 1996. Their home ice was at the US Airways Center (then known as America West Arena) for seven years until 2003, when Jobing.com Arena opened.

About Txtstation Mobile Marketing

Txtstation is a leading mobile marketing company specializing in sports and entertainment. We allow broadcasters, event owners, sponsors and general media to communicate with viewers or fans directly through mobile phones, Internet, and landlines.

Txtstation creates one-to-one "real-time" dialog with consumers at specific times and places such as events, concerts and live or pre recorded broadcast. Since 2004, we have been at the forefront of mobile interactivity designing "live" integrated programs that harness the excitement of live events and broadcasts while delivering high consumer response and encouraging brand loyalty.

http://www.txtstation.com

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.

SOURCE Txtstation

Nokia Capital Markets Day will be Held on December 2, 2009

Fri, 06 Nov 2009 09:07:08 -0500

ESPOO, Finland, November 6 /PRNewswire-FirstCall/ -- Nokia (NYSE: NOK) will hold its annual Capital Markets Day event in Espoo, Finland on December 2, 2009. A webcast of the main session of the event will begin at 2pm Finnish time (CET+1) and be available at http://www.cmd.nokia.com. A press release related to the event is scheduled to be published at approximately 1pm Finnish time. The press release will be available on the Nokia website immediately after publication.

http://www.nokia.com

SOURCE Nokia Corporation

Droid Is Here -- Broadcast-Quality Video, High-Resolution Photos Available

Fri, 06 Nov 2009 09:06:53 -0500

Video, Photos Of Customers Lined Up Overnight To Purchase DROID Smartphones At Special Midnight Pre-Sale Event in NYC

About Verizon Wireless

Verizon Wireless operates the nation's most reliable and largest wireless voice and 3G data network, serving 89 million customers. Headquartered in Basking Ridge, N.J., with 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

/PRNewswire -- Nov. 6/

SOURCE Verizon Wireless

TELUS Reports Third Quarter Results

Fri, 06 Nov 2009 09:06:52 -0500

Focus on operational efficiency and launch of next generation wireless network and devices

VANCOUVER, Nov. 6 /PRNewswire-FirstCall/ - TELUS Corporation reported third quarter 2009 net income of $280 million and earnings per share (EPS) of $0.88, a decrease of two and one per cent, respectively. Net income and EPS this quarter included favourable income tax-related adjustments related to prior years' tax matters of approximately $14 million net of tax or four cents per share, respectively. Excluding income tax-related adjustments, net income and EPS were down seven and six per cent respectively, and when further excluding restructuring costs were down two per cent and flat, respectively.

Operating revenue was $2.4 billion, a decrease of $39 million from last year. Total customer connections of 11.9 million were 326,000 higher than a year ago due to wireless, TELUS TV and high speed Internet growth. The revenue decrease reflects continued declines in voice revenues. Data and wireless revenues grew modestly affected by a weak economic environment and intense competition. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by five per cent primarily due to lower revenues, higher defined benefit pension plan expenses and higher restructuring costs from ongoing operating efficiency initiatives. When excluding defined benefit pension plan expenses and restructuring costs, underlying EBITDA decreased by $1 million. The underlying EBITDA benefited from strong cost containment as operations expenses excluding defined pension expenses decreased by three per cent.

Free cash flow of $266 million increased by $748 million over the same period a year ago, primarily due to the prior year payment for advanced wireless services (AWS) spectrum licences. Capital expenditures of $558 million for the quarter reflect TELUS' significant ongoing wireline and wireless broadband build-out initiatives. This has facilitated our increased TELUS TV subscriber loading and the early launch of a next generation High-Speed Packet Access (HSPA) wireless network and associated offering of new devices to customers.

"TELUS is leading the change in Canada's wireless competitive landscape by delivering exceptional client experiences through a series of major initiatives coming to fruition simultaneously," said Darren Entwistle, TELUS president and CEO. "This week, TELUS began offering Canadian consumers the largest coverage and the fastest technology through our newly launched HSPA+ wireless network."

"We have also introduced a fantastic array of brand new HSPA smartphones including the iconic Apple iPhone 3GS. Importantly, the new Blackberry Bold 9700 and the Android HTC Hero also join our compelling selection of innovative devices for Canadians. These devices are complemented by our new Clear Choice(TM) wireless rate plans, which simplify the rate plan options for our clients," Mr. Entwistle noted. "In addition, we have expanded our phone distribution to more than 100 premium Black's Photo locations across Canada. We very much look forward to capitalizing on these positive developments in the marketplace."

Robert McFarlane, TELUS executive vice-president and CFO said that "while we continue to appropriately focus on investing in cost reduction initiatives given the economic and competitive environment, we are at an exciting inflection point in respect of our major growth investments as we transition into the commercialization phase of our wireless and wireline broadband expansion initiatives. As a result, we expect capital expenditures to peak in the second half of 2009, while subscriber growth in wireless, Internet and TV should accelerate."

The Company has updated its 2009 full year guidance to reflect the impacts of ongoing weak economic growth in Canada particularly on its wireline business, the early launch of the new next generation wireless network, and the associated impact on acquisition and retention costs from the November launch of new smartphone devices including the Apple iPhone. The company now expects 2009 revenue to be between $9.6 billion and $9.7 billion. The wireless revenue guidance range has been increased by $25 million, while the wireline revenue guidance range has been lowered and tightened. The 2009 Consolidated EBITDA guidance range has been lowered by $125 million to $3.475 billion to $3.575 billion reflecting a $75 million decrease in the wireless guidance range and a $50 million decrease in the wireline guidance range. Total estimated annual restructuring has been increased $10 million to approximately $160 million. 2009 basic EPS is now expected to be in a range of $3.10 to $3.30. Consolidated capex has increased slightly to approximately $2.1 billion with a preliminary assessment of expected 2010 capital expenditures as low as $1.7 billion. Annual revised guidance and related assumptions for 2009, and the preliminary assessment of expected 2010 capital expenditure levels are described in Section 9 of the Management's discussion and analysis.

TELUS launched Canada's largest 3G+ network on November 5. The new next generation wireless network is the latest enhancement to TELUS' multi-network mobile strategy, offering customers the technology for increased wireless data download speeds of up to 21 megabits per second, access to a world class selection of compelling mobile devices and international roaming service to more than 200 countries. This initiative should also ensure a smoother transition to fourth generation (4G) wireless technology known as long term evolution (LTE).

With TELUS' new High Speed Packet Access plus (HSPA+) network, customers can experience dramatically decreased download times for web pages, emails, songs and movies.

TELUS brings iPhone 3GS to Canada

On November 5, TELUS launched the iPhone 3GS and iPhone 3G with a range of 3G data plans for iPhone customers. The iPhones will run on TELUS' newly launched HSPA+ network, offering access to Canada's largest 3G+ coverage.

iPhone 3GS is the fastest, most powerful iPhone yet, packed with incredible new features including improved speed and performance - up to twice as fast as iPhone 3G - with longer battery life, a high-quality 3 megapixel autofocus camera, easy to use video recording and hands free voice control. iPhone 3GS includes iPhone OS 3.1, the world's most advanced mobile operating system with features such as Cut, Copy and Paste, MMS, Spotlight Search, landscape keyboard and more.

Exciting new smartphones on TELUS' 3G+ network

TELUS clients can now access the world's leading smartphones on TELUS' new 3G+ network, including the very popular Nokia E71, and the BlackBerry Bold 9700. Exclusive to TELUS in Canada, the HTC Hero is a revolutionary Android touchscreen smartphone that brings personalization to the next level, and the LG New Chocolate, exclusive to TELUS in North America, a stunning handset designed for the future of technology. Also available, the Sierra 306 Internet key, designed to be compatible with the fastest available 3G+ network technology, which has manufacturer-rated peak data download speeds of up to 21 mbps. TELUS also launched the following 3G phones this quarter: LG Versa 9600, LG Keybo 2, Motorola Rival A455, Samsung Intensity U450 and LG Masterpiece.

TELUS introduces Clear Choice(TM) Rate Plans for Canadians

TELUS launched on November 5 new clear and simple rate plans with no System Access Fees (SAF) or carrier 911 fees. The new pricing applies across both new business and consumer wireless rate plans. For consumers, we introduced a new suite of Clear Choice plans with no SAF or carrier 911 fees and also simplified the number of rate plan options, making it easier for clients to choose the plan that is right for them. Rate plans were generally increased by $5 with customers receiving enhanced value with the inclusion of a voicemail service.

These new plans are consistent with TELUS' brand promise, the future is friendly. Existing TELUS clients can continue to renew on their existing rate plans or have the option to switch to the new rate plans. Reduced pricing complexity better positions TELUS to win and retain customers in the competitive wireless market, and the reduced number of rate plans supports operational efficiency.

TELUS acquires Black's Photo and launches camera phone sales

TELUS acquired Black's Photo Corporation for $26 million in September. Black's is a national imaging and digital retailer in Canada, with 113 stores, primarily in mall locations. Eighty-one or 72 per cent of Black's stores are located in Ontario. Starting on November 5, TELUS expanded its wireless distribution capability through Black's, complementing the existing network of dealers and Company-owned stores. It is expected that the proportion of wireless devices with embedded high quality photo and video capability will continue to expand in the future, providing a natural link between TELUS and Black's product lines.

CRTC net neutrality decisions

The Canadian Radio-television and Telecommunications Commission (CRTC) decisions released on October 21 establish guidelines for what constitutes reasonable network management and uphold the principle of usage-based billing for wholesale ADSL access service. TELUS considers these to be fair decisions that recognize the significant investments made by Internet Service Providers (ISPs) like TELUS in Internet infrastructure while empowering consumers by way of new requirements for disclosing ISP network management practices.

In its decision on Internet traffic management practices (popularly known as throttling, traffic shaping, and/or net neutrality), the CRTC has permitted Bell, Rogers, Shaw and other ISPs to continue traffic shaping peer-to-peer file sharing traffic for now; however, the CRTC will evaluate each carrier's measures in future proceedings against the framework that it has established. The issue of whether throttling is permitted has therefore not been definitively resolved yet but the commission recognized that, in some circumstances, it may be the only viable response to traffic congestion.

The CRTC decisions do not have any immediate impact on TELUS because we have not traffic shaped, however we are pleased to see the CRTC preserve ISPs flexibility to adopt usage-based pricing at wholesale and retail. The CRTC's recognition that congestion is a real problem and needs to be managed is positive. The decision strikes a good balance between the realities ISPs are facing and fairness to customers. The chairman of the CRTC has correctly proclaimed that "Canada is the first country to develop and implement a comprehensive approach to Internet traffic management practices."

CRTC finds new wireless entrant not currently eligible to operate

In April, TELUS asked the CRTC to determine if new wireless entrant Globalive was compliant with federal laws in respect of foreign ownership that all communication companies in Canada operate under. After public hearings in September, on October 29, the CRTC ruled that Globalive was not compliant with the Telecommunications Act in respect of ownership and control and is not currently eligible to operate as a Canadian telecommunications carrier.

Globalive purchased wireless spectrum in a government auction 15 months ago. TELUS advocated to Industry Canada that they should pre-qualify bidders before the auction, but this was not done. After the auction, Globalive revealed an equity ownership and debt structure with more than 80 per cent of its capital owned by an Egyptian enterprise. The structure represented a far higher participation by foreign investors than had ever been approved by Canadian regulators in telecommunications or broadcasting. Also of concern to the CRTC was the single foreign enterprise's control of Globalive through trademark and technical services agreements.

TELUS has never opposed foreign ownership restrictions being lifted in Canada, but has simply asked that all communications companies in Canada operate under the same rules without an artificial and unfair advantage being handed to any one player by the government or the regulator.

This CRTC decision does not prevent Globalive or any other new wireless company from competing in Canada or accessing Canadian capital, as several have successfully done. It does require that Globalive must abide by Canada's laws and correct its governance and capital structure. TELUS is of the view that this correction should be made within a reasonable time.

TELUS will again recommend to government that bidders in future auctions should be pre-qualified.

In September, TELUS and the Rotman School of Management released the results of their annual study of the IT security environment in Canada. According to the study, which surveyed more than 600 IT security professionals across the country, IT security breaches cost the average Canadian organization $834,000 in 2009 - a 97 per cent increase from $423,000 last year. Similarly, the average number of reported IT security breaches also increased 276 per cent to 11 per organization in 2009 - compared to three in 2008.

TELUS is a global leader in security products and services, operating one of the world's leading threat and vulnerability analysis labs. TELUS' application, data, and infrastructure security solutions help ensure businesses can focus on the future. For more information about TELUS Security Solutions, please visit telus.com.

For the seventh consecutive year, the Annual Report on Annual Reports recognized TELUS for having produced one the 10 best annual reports in the world. The 2008 TELUS report placed # 3 in the world, unchanged from the previous year. Enterprise.com is the only organization in the world that compares, rates and ranks annual reports globally. An independent panel evaluates 300 annual reports short-listed from an even wider selection of publicly listed corporations. The comprehensive survey looks at 10 key evaluation criteria: packaging, highlights, strategy, business, financials, investors, governance, accounting, responsibility and communication.

TELUS named to Dow Jones Sustainability World Index

For the ninth consecutive year, the Dow Jones Sustainability World Index (DJSI World) has ranked TELUS among the world's leading companies for corporate social responsibility (CSR). TELUS is the only North American telecommunications company and one of just 11 Canadian businesses across all sectors included in the global index of the world's top economic, environmental, and social leaders. Companies included in the DJSI ranking actively lead their industries in setting best practices in strategy, innovation, governance and relations with shareholders, employees and other stakeholders. The annual review is based on a thorough assessment of companies' performance on more than 50 general and industry-specific CSR criteria.

TELUS named Top 100 Employers in Canada list

In October, TELUS was named one of Canada's best employers by Mediacorp Canada in its 10th annual Canada's Top 100 Employers competition. Mediacorp Canada is Canada's largest publisher of employment-related periodicals and online directories. The organizations named to Canada's Top 100 Employers list for 2010 were evaluated using eight criteria: physical workplace; work atmosphere and social; health, financial and family benefits; vacation and time off; employee communications; performance management; training and skills development; and community involvement.

TELUS named best in directory assistance provider

TELUS has been recognized as top directory assistance provider in Canada for the fifth straight year. The Paisley Group 2009 survey also ranked TELUS number one in Customer Care in the United States Directory Assistance index and number two overall on the ranking for U.S. Directory Assistance services. According to The Paisley Group, no other provider in the industry handles a directory assistance call with greater accuracy or customer care than TELUS.

Three TELUS team members named to Global Telecom Business Top 40 Under 40

Global Telecom Business in August named three TELUS team members to its Top 40 Under 40 list of people most likely to lead the global telecom industry over the next decade. David Sharma, TELUS senior vice-president of Partner Solutions; Dalia Hussein, TELUS director of Data Architecture in Business Transformation and Technology Operations; and Shane Logan, TELUS director of Service Strategy and Development in Technology Strategy, were nominated by readers of Global Telecom Business and then selected for the final list by the publication's staff and chief editor from the hundreds of industry leaders nominated. Global Telecom Business has a global subscriber base and is written for executives in the telecom carrier market. This was the publication's inaugural Top 40 Under 40 feature.

In September, TELUS announced it has entered into a multi-year, multi-million dollar sponsorship of the Edmonton Oilers NHL team. The TELUS partnership with the Edmonton Oilers includes a number of exciting events throughout the 2009/2010 season designed to bring fans of all ages attending games and watching at home on TV closer to the action. To celebrate this new partnership, TELUS also donated $25,000 to the Edmonton Oilers Community Foundation to support their work with Boys and Girls Clubs of Edmonton.

TELUS Celebration of Giving in Vancouver, Ottawa and Rimouski

In September, TELUS celebrated B.C. Lower Mainland charities at the second annual TELUS Vancouver Celebration of Giving. Ottawa charities and non-profit organizations from the Gaspesie and Lower Saint-Lawrence regions were also honoured at first ever TELUS Celebration of Giving events held locally earlier in August. These events put a spotlight on the amazing people and their organizations who work tirelessly to make a difference in the lives of those in our communities who need help. TELUS and its team members are donating more than $4 million to over 600 Lower Mainland charities, $1.3 million to more than 110 Ottawa area charities and nearly $300,000 to more than 25 local organizations in the Gaspesie and Lower Saint-Lawrence regions this year. These totals include funds from the TELUS Employee Charitable Giving program, the local TELUS Community Boards, the TELUS Community Ambassadors and TELUS' corporate donations. The TELUS Employee Charitable Giving program matches team member contributions to eligible charities dollar for dollar.

TELUS Taiwan Festival

In August and September, TELUS invited Canadians to enjoy a diverse and rich cultural experience at TELUS TAIWANfest in Toronto and Vancouver, respectively. The events, sponsored by TELUS, are a spectacular annual arts and culture festival focused on contemporary artistic expressions and presenting programs that reflect today's Taiwan. With more than 140,000 attendees, these multi-disciplinary, three-day festivals are the largest Mandarin/English speaking cultural events in Canada. This year, the festival focused on a marriage-derived theme "A New Journey" to celebrate its 4th year in Toronto and 20th year in Vancouver.

TELUS plans to change to its dividend reinvestment program to issue shares from treasury at a three per cent discount from the average market price. Non-voting shares acquired with optional cash payments under the program would be issued from treasury at 100% of the average market price. In recent years, non-voting shares purchased under the company's dividend reinvestment plan have been purchased on the open market without discount. These changes would come into effect on December 1, 2009 and would apply to the dividend payable on Jan 4, 2010 to common and non voting shareholders of record on December 11, 2009. Under the updated program, common and non voting shareholders who reside in Canada and the United States would be able to elect to have dividends paid on their shares reinvested in TELUS non-voting shares. TELUS expects to file a registration statement on Form F-3 with the United States Securities and Exchange Commission later today to give effect to these changes. Full details of the plan are available at telus.com/drisp.

Dividend Declaration

The Board of Directors has declared a quarterly dividend of forty-seven and one half cents ($0.475) Canadian per share on the issued and outstanding Common shares and forty-seven and one half cents ($0.475) Canadian per share on the issued and outstanding Non-Voting shares of the Company payable on January 4, 2010 to holders of record at the close of business on December 11, 2009.

Access to Quarterly results information

Interested investors, the media and others may review this quarterly earnings release, quarterly results slides, supplementary financial information and our full first and second quarter 2009 report on our website at telus.com/investors.

Full quarterly earnings release available at: http://www.newswire.ca/en/releases/archive/November2009/06/c5340.html

Quarterly conference call and webcast presentation

TELUS quarterly conference call is scheduled for November 6, 2009 at 11:00 am ET and will feature a presentation about our third quarter results. It will be followed by a question and answer period with analysts. Interested parties can access the call live on a listen-only basis at: telus.com/investors. A transcript will be posted on the website within several business days. Also, a recording will be available on November 6 until November 16, 2009 at: telus.com/investors or by telephone (1-403-205-4531 or 1-877-245-4531, reservation no. 968017 followed by the number sign).

About TELUS

TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $9.6 billion of annual revenue and 11.9 million customer connections including 6.4 million wireless subscribers, 4.1 million wireline network access lines, 1.2 million Internet subscribers and more than 100,000 TELUS TV customers. Led since 2000 by President and CEO, Darren Entwistle, TELUS provides a wide range of communications products and services including data, Internet protocol (IP), voice, entertainment and video. In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed $137 million to charitable and not-for-profit organizations and volunteered more than 2.6 million hours of service to local communities since 2000. Nine TELUS Community Boards across Canada lead our local philanthropic initiatives. For more information about TELUS, please visit telus.com.

SOURCE TELUS Corporation

The Orchard and Dailymotion Partner to Deliver Music Videos to Dailymotion`s GlobalUser Base

Jim O'Neill — Fri, 06 Nov 2009 08:43:31 -0500

NEW YORK--(Business Wire)--

Dailymotion and The Orchard (NASDAQ: ORCD), a full service media company
specializing in the distribution of music and video entertainment, today
announced a partnership to distribute music videos from The Orchard to
Dailymotion`s global user base of 60 million unique visitors (source: comScore
August 2009). The partnership combines the vast content library of The Orchard
with Dailymotion`s massive reach as the second largest Web video site in the
world. 

The partnership will launch with over 5,000 videos reaching Dailymotion`s large
community of independent music fans. Dailymotion will promote the videos through
programming on its home page and music channel as well as the highly viral
habits of Dailymotion`s music fans. 

"Partnering with The Orchard will further strengthen our already strong offer to
our large audience of independent music fans. It also provides a valuable
opportunity for our advertisers to reach a large audience of fiercely
independent music lovers," said Joy Marcus, General Manager of Dailymotion US.
Dailymotion`s advertisers include top brands such as Proctor & Gamble, Disney,
and MTV. 

"Providing our music videos to Dailymotion`s community of independent music fans
will result in enormous value and reach for our artists and labels around the
world," commented Brad Navin, Executive Vice President of The Orchard. 

Over the last year, Dailymotion has almost doubled its global and US audience
while vastly expanding its library of premium independent and TV content. 

About Dailymotion

As one of the leading sites for sharing videos, Dailymotion attracts 60 million
unique monthly visitors and one billion videos views worldwide (source:
comScore, August 2009). Dailymotion offers the best content from users,
independent content creators and premium partners. Using the most advanced
technology for both users and content creators, Dailymotion provides
high-quality and HD video in a fast, easy-to-use website that also automatically
filters infringing material as notified by content owners. Offering 18 localized
versions, Dailymotion's mission is to provide the best possible entertainment
experience for users and the best marketing opportunities for advertisers, while
respecting content protection. www.dailymotion.com. 

About The Orchard(R)

Headquartered in New York and London with operations in 25 markets around the
world, The Orchard (NASDAQ: ORCD) is a full service media company specializing
in the distribution of music and video entertainment. Founded in 1997, the
company is a global leader in digital marketing and distribution, driving sales
across more than 730 digital storefronts and mobile carriers in 69 countries.
Fostering creativity and independence, The Orchard enables labels, artists and
rights holders to grow and monetize audiences globally. For further information
please visit www.theorchard.com.

For Dailymotion:
Ephraim Cohen, 917-215-5413
cohen@fortexgroup.com
or
For The Orchard:
Cornerstone
Ed James, 212-652-9295
ed@cornerstonepromotion.com

ECtel Issues Notice of Extraordinary Meeting of Shareholders and Proxy Statement

Fri, 06 Nov 2009 07:10:29 -0500

ROSH HA'AYIN, Israel, November 6 /PRNewswire-FirstCall/ -- ECtel Ltd. (NASDAQ: ECTX), announced today that it has issued a notice and proxy statement in connection with its extraordinary meeting of the company's shareholders to be held at 10:00 a.m (Israel time) on Friday, December 11, 2009, at the executive offices of ECtel at 10 Amal Street, Park Afek, Rosh Ha'ayin, Israel. The detailed notice and proxy statement to the shareholders is being mailed on or about November 6, 2009. A copy of such notice and proxy statement has been submitted to the United States Securities and Exchange Commission and may be viewed at http://www.sec.gov and on the company's website at http://www.ectel.com.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/FLTU015LOGO )

At the meeting the company's shareholders will be requested to vote on, among other matters, approval of the agreement and plan of merger by and among the company, cVidya Networks Inc. and a subsidiary of cVidya.

About ECtel

ECtel (NASDAQ:ECTX) is a leading global provider of Integrated Revenue Management(TM) (IRM(R)) solutions for communications service providers. A pioneering market leader for nearly 20 years, ECtel offers carrier-grade solutions that enable wireline, wireless, converged and next generation operators to fully manage their revenue and cost processes. ECtel serves prominent Tier One operators, and has more than 100 implementations in over 50 countries worldwide. Established in 1990, ECtel maintains offices and presence in the Americas, Europe and Asia. For more information, visit http://www.ectel.com.

Certain statements contained in this release contain forward-looking information with respect to plans, projections or future performance and products of the Company, the occurrence of which involves certain risks and uncertainties. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, the possible slow-down in expenditures by telecom operators, adverse effects of market competition and the impact of competitive pricing and offerings, ,the reoccurrence of sales to existing customers, the ability to recognize revenue in future periods as anticipated, the unpredictability of the telecom market, product and market acceptance risks, ability to complete development and market introduction of new products, fluctuations in quarterly and annual results of operations, dependence on several large customers, commercialization and technological difficulties, risks related to our operations in Israel and risks associated with operating businesses in the international market. These and other risks are discussed at greater length in the Company's annual report on Form 20-F and other filings with the Securities and Exchange Commission. ECtel may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so and undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE ECtel Ltd

Frost & Sullivan: Capitalize on the Emerging Broadband Opportunities in the Philippines Telecom Industry

Fri, 06 Nov 2009 07:07:54 -0500

MANILA, Philippines, Nov. 6 /PRNewswire/ -- Frost & Sullivan hosted the Philippines Telecom International Summit 2009 today. The summit's broad theme was to discuss the increasing national ICT competitiveness through universal broadband access and was attended by the who's who of the nation's telecom industry.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

Mr. Ray Anthony Roxas-Chua III, Secretary, Commission on Information and Communications Technology (CICT), Office of the President of the Philippines, inaugurated the summit as the guest of honor. In his keynote address, he spoke on the strategic information and communications technology (ICT) roadmap and national broadband plan for the country. He also highlighted the emerging opportunities from convergence of telecoms, IT and digital media. Following the opening keynote, Mr. Gamaliel A. Cordoba, Commissioner, National Telecommunications Commission, Republic of the Philippines spoke on the key regulatory initiatives to drive sustainable growth in telecoms market in the Philippines.

Elaborating on the growth opportunities, Mr. Nitin Bhat, Senior Vice President, ICT, Frost & Sullivan Asia Pacific, said, "The Philippines telecom industry is at an inflection point in both the growth areas - mobility and broadband. While broadband would continue to grow, especially the wireless part, the traditional mobile growth rates would be coming down. There would be a future opportunity for convergent services to gain traction in the Philippines."

There were two C-level executive's dialogue sessions where senior representatives from SMART Communications, Globe Telecom, GSM Association, Bayan Telecom, Axiata, Philippines Electronics and Telecommunications Federation (PETEF) and Qualcomm discussed on key issues pertaining to the broadband vision.

Concurrent track sessions followed through the day on seven broad topics, that included, managing customer experience in pre-paid and post paid markets, migrating to broadband, convergence and multi-play business models and services, WiMAX strategies, national broadband network update, mobile entertainment and on data services and premium mobile content.

Thought leaders at these concurrent sessions included an array of senior Frost & Sullivan analysts along with senior representatives from Amdocs, Qualcomm, Globe Telecom, PCCW, Clarity, Intel Corporation, Mobile Entertainment Forum and Elitecore.

The summit was not only interactive with variety of panel discussions and networking breakouts, it also covered relevant topics that addressed the opportunities in the Philippines telecoms market. Attended by over 150 delegates, the summit had a fair representation from the government officials, operators, investors, internet service providers, infrastructure equipment providers, system integrators, content providers, aggregators and digital media companies.

Clarity and Qualcomm are gold sponsors; Intec is the executive briefing sponsor while Amdocs, Elite Core and Intel are partner sponsors for the summit.

Wall Street Journal Asia is the official newspaper for the summit and PR Newswire is the official newswire.

GSA, GSMA Mobile Broadband, Mobile Entertainment Forum (MEF), Philippine Electronics and Telecommunications Federation (PETEF), UMTS Forum and Wireless Industry Partnership (WIP) are the supporting associations for the summit.

Media partners include Business World, Computer World Philippines, Management Systems Asia, PC World Philippines, Strategic Path Asia, Telecom Asia and Wireless Asia.

For further information on the summit, visit, www.frost.com/phtelecom

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com

MEDIA CONTACTS:

SOURCE Frost & Sullivan

LTE - The Rise of the Mobile Prosumer

Fri, 06 Nov 2009 06:49:13 -0500

World leaders meet at the NGT Asia Summit to discuss the move to 4G

The average handset has evolved from the humble voice-box, to the total media centre. As a result thousands of start-up companies are profiting out of the Telecom sector's advances, supplying the various add-ons which inevitably accompany any new wave of technology. Such innovations were used by the operators to supplement the pricey voice packages. However, the operators are now finding themselves in the hands of the ever-creative software/hardware companies and the changing consumer culture. iPhone appstore was the first to take advantage and make millions from the operators' customers, creating a financial redistribution within the Telecom industry. With the telecom giants left to maintain the costly infrastructure that supports this ever growing new-media industry, the outlook for today's communication service providers is set to get worse in a new 4G world where broadband is everywhere (LTE, WiMax, FTTX and cloud services). How can the giants sustain such costs and avoid being relegated to the sidelines as bit-pipe providers?
To answer this question visionaries such as Zhang Fan - CTO - China Unicom, Anil Tandan - CTO - Idea Cellular , Ravinder Jain - CIO - Aircel, Michael Kuehner - CEO - AXIATA Bangladesh and Mu Piao Shih - President - Chunghwa Telecom are all set to attend what is a closed meeting at the NGT APAC summit in Sentosa, to discuss a unified investment strategy to provide Long Term Evolution (LTE) across the existing 3G network. Such increased download speeds will allow the telecom industry to capitalize on the change in consumer habits and provide wider service offerings.
"Asia's innovative technologies have inspired the western world and with economic pressures alleviating, we are now looking to invest in 4G to capitalize on the ‘Prosumer' market." Said a spokesman for the fifty strong consortium at the NGT APAC Summit
This most elite of delegations led by Kyle Whitehill - COO, Vodafone India, are set to discuss the rapid pace of communication, transforming from the one-to-one (direct) voice communication to the fast, informal & responsive, opinion and thought exchange we have today.
‘Such a meeting has been a long time coming, large operators have been losing revenue as the communication market has diversified, network optimization should lend to them finding new revenue streams as the level of service can expand' - Nick York - NGT Summit Director Asia Pacific.
Such consumer & technology transformation has distorted the way 'Prosumer' consume their products & services, and interact with their mobile devices. The industry awaits to see if Asia's Top Telecom guns can decide on a unified approach to map revenue streams back to the operators.

The Future of Phonecalls, Google Voice

Fri, 06 Nov 2009 04:36:43 -0500

A famous pioneer in web technology, creating the most popular search website in use today, Google stands at the forefront of companies that are pushing everything into the developing arena of the internet.

With some of the most brilliant minds at work under their roof, the services coming from their creativity have essentially changed how we communicate with each other. From Gmail to Google Wave, to competition that desperately plays "catch up," proof of this company's forward-thinking innovation abounds.

One of their more interesting services is Google Voice, a telecommunications wonder that extends users a single phone number from Google, which any calls to your actual phone - or, if you so choose, multiple phones will be transferred.

How it works :

• User creates ( presuming it's not taken ) a new phone number or selects one from a pool of numbers made available by Google.
• Once the Google Voice number has been selected, inbound calls to that number will be forwarded to the assigned phones.

As an example, take the following scenario as testament to the convenience afforded by Google Voice :

While in the kitchen fixing dinner, you're waiting for a call from your brother about your sister-in-law's pregnancy, knowing that she's's due any minute. Your cell phone, which is your primary means of communication, is upstairs. Yet, your home is also outfitted with a land line, with one phone located merely a foot away from the kitchen counter. Without knowing if you're home or not, your brother excitedly dials your Google Voice number, leading to his call being forward to each phone assigned to it - including your land line.

With configuration requiring just a few steps, use of this service is that easy, gathering our disparate modes of telecommunication under the umbrella of Google Voice.

Additional features include :

• Voicemail
• Call History
• Conference Calling
• Call Blocking
• Voice transcription ( translating your voice mail into SMS messages )
• Call transitioning, which lets you migrate from one telephone to next in the middle of a call.

Google now permits you to use your existing phone number with Google Voice, a feature that was only just announced. Your current number may be employed together with a new Google Voice number. For those of you who are interested by taking advantage of this service, you can request an invitation today.

Geek Choice is proud of educating you about the daily advances introduced to this world in which our company continues to grow. If you have any questions, feel free to contact one of us. We are a Computer Repair company specializing in: Virus Removal, Spyware Removal, Data Backup, Data Recovery, Wireless Networking, Business Networking, and much more. At Geek Choice we can fix a wide range of problems including: Slow Computer, Slow Internet, Printer not printing, blue screen of death, and anything else computer related.

Adjustable Long Range Active RFID Reader

Fri, 06 Nov 2009 02:43:24 -0500

Toronto, Canada - GAO RFID Inc. (www.GAORFID.com) has announced the release of its adjustable long range active RFID reader which operates at the unlicensed frequency of 2.45GHz and can be utilized in any environment. The RFID reader is well-designed for many applications including personal tracking, logistics and warehouse management, closed loop asset tracking and high value asset tracking. This adjustable active RFID reader consumes little power as it uses an advanced 0.18μm CMOS IC. It provides both direct mode and buffering mode operation. In direct mode, the reader uploads messages to the host system in real time. In buffering mode, the reader receives and saves messages which are only uploaded when requested by the host system. The portable RFID reader offers a memory capacity which can store the last 800 messages. The built-in omni-directional antenna enables the reader to identify tagged items up to 100 meters in all directions. Users can adjust the RFID transponder identification distance from 5 to 100m according to specific situations in order to make the identification more accurate. For any sales inquires please contact: 1-877 585-9555 ext. 601 - Toll Free (USA & Canada) 1-416 292-0038 ext. 601 - All Other Areas sales@gaorfid.com About GAO RFID Inc. GAO RFID Inc. (www.GAORFID.com) is a leading provider of RFID Readers, RFID Tags and RFID software providing cost saving solutions to end users worldwide. GAO offers all RFID technologies: Low Frequency (LF), High Frequency (HF), Ultra High Frequency (UHF, Gen 2) as well as Active and Semi-Passive. GAO RFID's products and services are easily customized for use in asset tracking,healthcare, supply chain & logistics, event management, access control, livestock tracking, inventory control & management, field service maintenance and document authentication.

ChinaTel Group, Inc. Will Provide a Wireless Network for the Ministry of Transportation in the People's Republic of China Throug

Fri, 06 Nov 2009 02:07:58 -0500

IRVINE, Calif., Nov. 5 /PRNewswire/ -- ChinaTel Group, Inc. (ChinaTel) (OTC Bulletin Board: CHTL), a leader in high speed wireless broadband and telecommunications infrastructure engineering and construction services, today announced that CECT-Chinacomm Communications Co. Ltd. (Chinacomm), a company owned 49% by ChinaTel, will provide a wireless telecommunications broadband network for the Beijing Transport Ministry for 'live' broadcast of information, schedules, advertising and news on the transportation's fleet, as well as security monitoring for those utilizing public transportation throughout China..

Chinacomm was commissioned by the Beijing Transport Ministry to provide a wireless broadband network for the 'live' broadcasting for a host of services deemed highly significant by the Beijing Transportation Ministry. This commission furthers ChinaTel's reach into several important ministries within the People's Republic of China and demonstrates the continued expansion of ChinaTel's relationship with Chinacomm in China.

George Alvarez, CEO, stated, "The Beijing Ministry of Transportation is a very important client, and we are being entrusted to provide a sizable deployment that will be a state of the art network that will meet and exceed our clients' expectations."

Colin Tay, President of ChinaTel, also commented, "Once again, our relationships in China have provided our company and Chinacomm a sizable commission that we believe will lead to further significant growth of our company in China."

About ChinaTel Group, Inc.

ChinaTel Group, Inc. (ChinaTel), through its controlled subsidiaries, provides fixed telephony, conventional long distance, high-speed wireless broadband and telecommunications infrastructure engineering and construction services.

ChinaTel is presently building, operating and deploying networks in Asia and South America: (i) a 3.5GHz wireless broadband telecommunications network in 29 cities across the People's Republic of China (PRC) with and for CECT-Chinacomm Communications Co., Ltd., a PRC company that holds a license to build the high speed wireless broadband telecommunications network; and (ii) a 2.5GHz wireless broadband telecommunications network in cities across Peru with and for Perusat, S.A., a Peruvian company that holds a license to build a high speed wireless broadband telecommunications network.

ChinaTel's strategy remains clear: (i) to acquire, develop and operate wireless broadband telecommunications networks in key markets throughout the world; (ii) to deliver a new world of communications through cutting edge voice, data and multi-media applications; and (iii) to invest in building long-lasting relationships with customers and partners to lead the broadband industry in customer service, responsiveness and applications that exceed our customers' expectations. Our vision is to build leading-edge IP-leveraged solutions in the broadband wireless telecommunications sector, advanced by our worldwide infrastructure and leadership in emerging markets.

SOURCE ChinaTel Group, Inc.

GREEN PACKET'S WINNING STRATEGY FOR WiMAX IN ASIA

Thu, 05 Nov 2009 21:19:39 -0500

5th November, 2009 Kuala Lumpur - As the major WiMAX players in Asia meet in Kuala Lumpur for the WiMAX Strategies Asia conference (3-5th Nov), Green Packet's Group CEO and Managing Director, CC Puan, comments on the future of WiMAX in Asia and his Company's strategy to take full advantage of the opportunities.

Green Packet Berhad ("Green Packet") is a leading developer of Next Generation Mobile Broadband and Networking Solutions and one of the top four WiMAX players in the world. Green Packet has the advantage of first-mover experience via its subsidiary, Packet One Networks (Malaysia) Sdn Bhd ("P1"), through which it handles all elements of the WiMAX ecosystem - infrastructure, outdoor, indoor and USB CPEs, software and customer services. Green Packet has also recently announced its intention to expand its WiMAX services into Singapore in 2010 Via its newly set up, Packet One (S) Pte Ltd.

Puan said Green Packet sees WIMAX as a driver of converged technologies leading to a different communications business model encompassing an entirely new range of end-user devices and services.

"WiMAX allows a limitless range of devices to be permanently connected. While the application of this to mobile phones, PDAs and PCs is perhaps more familiar, the opportunity goes way beyond that. Consider a world where your camera or even your car is permanently online, or where cargo, products and equipment are permanently connected to a network. That's the beauty and future of WiMAX," said Puan.

Green Packet has a two-pronged approach positioning itself as both a leading operator as well as a hardware and solutions developer so that it can be a global leader in the WIMAX world and in the larger picture of the converged services space, globally.

Puan said that the big question in the minds of the investors and analysts is "how will legacy mobile players respond?"

"The investment community sometimes compares this to a VHS v. Betamax battle, but the comparison is fundamentally flawed," Puan said. "VHS and Betamax arrived on the scene at the same time and thus it was a head to head battle of essentially similar technologies, with VHS eventually winning based on Sony's ability to leverage its content. WIMAX however is about 4 years ahead of LTE, giving it a window during which consumer and market expectations are changing. The questions remains, however, but it's not an either/or scenario. It is a with/without option for the legacy telcos," Puan said.

Puan believes some Telcos will choose to wait until LTE is available then invest in costly network upgrades, which will in time bring them to parity with WIMAX enabled networks. Others will choose a hybrid model, leveraging the superior functionality and the immediate availability of WIMAX to supplement their current network to offer a broader range of products and services to its customers and alleviate current network congestion.

Puan said those that choose a hybrid model will have first-mover advantage over the other legacy players, giving them the necessary edge in a highly competitive environment.

GP as both an operator (via P1) and a solutions developer (via GP Solutions) has an exceptional understanding of how to secure and manage its own subscribers and thus grow an independent operator model. However, it is also positioned to supply and service legacy players with access to its networks and capacity. Thus the strategic issue for Green Packet is coverage.

Within any given market, the key success driver both as an independent and as a WiMAX network provider would be to have the best and largest in-market network. The bigger picture however, is to offer the best in-market network coupled with the best international roaming proposition. To that end Green Packet's central strategy is to grow its international footprint through securing or partnering WiMAX licenced operators in other emerging markets.

Puan said, "For our partners this is a win-win formula. Green Packet brings to the table a combination of network experience, technology and value added services alongside a growing local and international subscriber base which differentiates GP from all other players in the sector. No other WiMAX player in the world shares GP's combination of operator and technology experience, not to mention a growing international footprint."

Green Packet sees that, in time, it will have a role to play as a strategic partner to the more dynamic legacy players as well as servicing its own end-user subscribers with a differentiated and customized connectivity option.

###

For more information about this statement, please contact:

Shirley Ah Yong
Senior Manager, Corporate Communications
Green Packet Berhad

T +603 7450 8812
F +603 7450 8899
E shirley.ahyong@greenpacket.com
W www.greenpacket.com

AT&T Participates in Family Online Safety Institute's Annual Conference

Thu, 05 Nov 2009 17:06:13 -0500

WASHINGTON, Nov. 5 /PRNewswire-FirstCall/ -- As part of its continuing efforts to help keep families safe on the Internet, AT&T* today participated in the Family Online Safety Institute's (FOSI) third annual conference, Building a Culture of Responsibility: From Online Safety to Digital Citizenship. AT&T, an active member of FOSI, was represented on two important panels and nominated Marsali Hancock, president of iKeepSafe, for the FOSI Award for Outstanding Achievement.

The FOSI annual conference focused on a global need for increased digital citizenship and responsibility online. AT&T was well-represented at the conference and participated in key panels that took a look at some of today's important online safety issues. Dorothy Attwood, senior vice president of Public Policy and Chief Privacy Officer for AT&T, spoke on a panel titled "Focus on Broadband Stimulus Funding & Responsibility". Additionally Andrea Brands, AT&T Director of Public Affairs, moderated a panel that discussed how aging adults are using the web.

At the FOSI Award Ceremony on Wednesday, November 4, AT&T's nominee for the FOSI Award was Marsali Hancock for her continued educational efforts and programs to teach kids and teens how to make smart choices online.

"AT&T is dedicated to promoting online safety awareness and education and providing our customers with the necessary tools to be safe and responsible digital citizens," said Attwood. "The government's current efforts to promote broadband adoption and deployment present a unique and critical opportunity for a new national focus on enhancing online safety and media literacy. FOSI's Annual Conference is a great place to engage in dialogue, exchange ideas and learn about the latest issues in online safety and digital literacy with other key stakeholders, policymakers and leading experts."

"Through our various programs, AT&T has seen an increased demand for tips on cell phone usage and social networking safety from a group that is often overlooked - seniors," said Brands. "AT&T has held over 80 cell phone coaching classes in roughly 67 cities in addition to the Mature Adults Connected Initiative that has taught more than 7,000 mature adults tips on social networking sites and how to surf the web safely. FOSI continues to bring together the best and brightest in this space to determine best practices for consumers of all ages."

FOSI CEO, Stephen Balkam, thanked AT&T for its support of the annual conference, in addition to underwriting this year's "Online on Fridays" series hosted on Capitol Hill and sponsoring the recent FOSI conference in Paris, Global Digital Citizenship: Encouraging Safe and Responsible Online Use.

"AT&T continues to show invaluable support and commitment to FOSI and to protecting families online," said Balkam. "This has been a highly successful year for FOSI and we could not have done it with out the help of AT&T."

To help consumers have a safer online experience, AT&T offers a full library of supportive Internet safety and security tips and interactive safety games for children, all available at http://www.att.com/safety.

*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

About AT&T

AT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. AT&T offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T |DIRECTV(SM) brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T's Yellow Pages and YELLOWPAGES.COM organizations are known for their leadership in directory publishing and advertising sales. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine's list of the World's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.

© 2009 AT&T Intellectual Property. All rights reserved. 3G service not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

SOURCE AT&T Inc.

Leap Reports 25 Percent Year-Over-Year Improvement in Adjusted OIBDA in Third Quarter

Phil Goldstein — Thu, 05 Nov 2009 16:25:09 -0500

~ Company Reports More than 850,000 Gross Customer Additions, a 43 Percent Year-Over-Year Increase ~

~ New Initiatives Developed During Quarter Position Company for Upcoming Holiday Season ~

Note: A webcast of Leap's conference call and accompanying presentation slides will be available at 5:00 p.m. EST today at http://investor.leapwireless.com.

SAN DIEGO--(BUSINESS WIRE)--Nov. 5, 2009-- Leap Wireless International, Inc. (NASDAQ: LEAP), a leading provider of innovative and value-driven wireless communications services, today reported financial and operational results for the quarter ended September 30, 2009. Service revenues for the third quarter increased 25 percent over the prior year quarter to $541.3 million. The Company reported adjusted operating income before depreciation and amortization (OIBDA) of $121.5 million for the third quarter, up $24 million over the comparable period of the prior year. For the quarter, adjusted OIBDA for the Company's existing business was $175.0 million, an increase of $28.1 million from the prior year period. This improvement reflects an approximately 263,000 year-over-year increase in end-of-period customers in existing markets and the resulting benefits of scale. The Company's operating income for the quarter was $1.4 million, compared to $2.4 million for the third quarter of 2008.

The Company reported approximately 116,000 net customer additions. Third quarter net customer additions included approximately 102,000 net voice additions in the Company's expansion markets (those markets that launched service after December 31, 2007); a net loss of approximately 83,000 voice customers in the Company's existing markets (those markets in operation on December 31, 2007); and approximately 97,000 net broadband additions. Churn for the quarter was 5.4 percent.

"The Company delivered solid financial performance in what is seasonally our most challenging quarter, as reflected in our 25 percent year-over-year growth in adjusted OIBDA and 35 percent year-over-year increase in total customers," said Doug Hutcheson, Leap's president and chief executive officer. "We also delivered these results in the midst of an increasingly competitive landscape in the pre-paid wireless space as well as a turbulent economic environment, which included rising unemployment and reduced discretionary income in our key demographic segments. The competitive and economic environment contributed to the year-over-year increase in churn in our existing markets which affected net customer additions."

Continued Hutcheson, "During the third quarter, we introduced a number of new initiatives designed to strengthen our position in this dynamic and challenging operating environment. We launched enhanced service plans, new features and additional coverage that increased the value Cricket brings to our customers. In addition, we significantly broadened our distribution channels with the launch of our new, all-inclusive Cricket PAYGo^TM monthly voice product in 3,500 locations of four of the country's largest mass-market retailers and announced the launch of Cricket Broadband in nearly 850 stores of the nation's largest mass retailer under an exclusive distribution arrangement. Based on the initial positive trends we are experiencing, we believe that these actions have strengthened our competitive position as we move into what we expect will remain a volatile climate during our traditional stronger selling season in the fourth and first quarters."

Key Financial Results and Operating Metrics ⁽¹⁾

(Unaudited; in millions, except for percentages, customer data and operating metrics)


	Three Months Ended September 30,								Nine Months Ended September 30,
	2009			2008			Change		2009			2008			Change


Service revenues	$	541.3		$	434.5		24.6	%	$	1,596.9		$	1,250.6		27.7	%
Existing business service revenues⁽²⁾	$	420.2		$	407.9		3.0	%	$	1,304.1		$	1,213.8		7.4	%
Total revenues	$	599.5		$	496.7		20.7	%	$	1,783.9		$	1,439.9		23.9	%
Operating income	$	1.4		$	2.4		(41.7	%)	$	26.6		$	42.9		(38.0	%)
Adjusted OIBDA	$	121.5		$	97.5		24.6	%	$	356.1		$	322.9		10.3	%
Adjusted OIBDA as a percentage of service revenues		22	%		22	%	-			22	%		26	%	-
Existing business adjusted OIBDA⁽²⁾	$	175.0		$	146.9		19.1	%	$	530.9		$	436.3		21.7	%
Existing business adjusted OIBDA as a percentage of existing business service revenues		42	%		36	%	-			41	%		36	%	-
Net loss	$	(65.4	)	$	(47.3	)	(38.3	%)	$	(174.0	)	$	(88.8	)	(95.9	%)
Diluted loss per share	$	(0.85	)	$	(0.72	)	-		$	(2.49	)	$	(1.39	)	-
Gross customer additions⁽³⁾		851,230			593,619		43.4	%		2,532,074			1,686,143		50.2	%
Net customer additions⁽⁴⁾		116,182			155,779		(25.4	%)		811,702			557,012		45.7	%
End-of-period customers		4,656,362			3,460,140		34.6	%		4,656,362			3,460,140		34.6	%
Weighted-average customers		4,555,605			3,371,932		35.1	%		4,348,973			3,163,480		37.5	%
Churn⁽⁴⁾		5.4	%		4.2	%	-			4.4	%		3.9	%	-
End of period covered POPS	~ 91.1				61.7		47.6	%	~ 91.1				61.7		47.6	%
Average revenue per user (ARPU)	$	39.60		$	42.95		(7.8	%)	$	40.80		$	43.92		(7.1	%)
Cash costs per user (CCU)	$	17.73		$	21.50		(17.5	%)	$	18.68		$	21.41		(12.8	%)
Cost per gross addition (CPGA)	$	208		$	201		3.5	%	$	201		$	189		6.3	%
Cash purchases of property and equipment	$	151.6		$	190.0		(20.2	%)	$	577.5		$	528.3		9.3	%
Unrestricted cash, cash equivalents and short-term investments	$	614.1		$	826.3		(25.7	%)	$	614.1		$	826.3		(25.7	%)

(1) For a reconciliation of non-GAAP financial measures, please refer to the section entitled "Definition of Terms and Reconciliation of Non-GAAP Financial Measures" included at the end of this release. Information relating to population and potential customers (POPs) is based on population estimates provided by Claritas Inc. for the relevant year.

(2) The term "existing markets" in this release refers to the Company's markets in service on December 31, 2007, and the term "expansion markets" refers to the Company's markets which launched service after December 31, 2007. The term "existing business" refers to the Company's business operations in existing markets, excluding any effects of the Company's Cricket Broadband service.

(3) The Company recognizes a gross customer addition for each Cricket Wireless, Cricket Broadband and Cricket PAYGo^TM line of service activated by a customer.

(4) Results for net customer additions and churn for the three and nine months ended September 30, 2008 exclude customers acquired from Hargray Communications Group in markets in South Carolina and Georgia in April 2008.

Discussion of Financial and Operational Results for the Quarter

Service revenues increased to $541.3 million, a 25 percent increase over the comparable period of the prior year. This increase resulted primarily from a 35 percent year-over-year increase in weighted-average customers, reflecting the success of the Company's recent market launches and customer acceptance of the Company's Cricket Broadband service, offset by a decline in ARPU as further discussed below.
Third quarter 2009 operating income of $1.4 million decreased by $1 million over the comparable period of the prior year, reflecting an increase in service revenues offset by a decline in equipment revenues and increased investments made during the quarter to support new initiatives.
Adjusted OIBDA for the third quarter was $121.5 million and reflects $53.5 million of negative OIBDA associated with the Company's new initiatives, which include the ongoing operations of the Company's Cricket Broadband service and the Company's newly launched A66 markets. Existing business adjusted OIBDA for the third quarter of 2009 increased $28.1 million over the prior year period to $175.0 million, reflecting an increase of approximately 263,000 end-of-period customers year-over-year and the resulting benefits of scale.
Net loss for the third quarter was $65.4 million, or $0.85 per share, compared to a net loss of $47.3 million, or $0.72 per share, for the comparable period of the prior year.
End-of-period customers for the third quarter of 2009 were 4,656,362, a 35 percent increase from end-of-period customers for the third quarter of 2008.
Customer churn for the third quarter of 2009 was 5.4 percent, an increase from 4.2 percent for the comparable period of the prior year. This year-over-year increase in churn reflects the effects of less tenured customers in our newly launched markets, competitive pressures and the significant effect of rising unemployment in our key customer segments, which decreased available discretionary income and resulted in increased deactivations. Churn in the Company's existing markets was 5.1 percent, reflecting typical seasonality, increased competitive activity and rising unemployment in key Cricket customer segments, which led to higher customer deactivations and reactivations during the quarter. The Company expects churn to improve in the fourth quarter and into 2010, due in part to the maturation of the Company's recently launched markets.
Third quarter ARPU declined 8 percent over the prior year quarter and 3 percent from the second quarter of 2009 to $39.60, reflecting expected seasonal trends in customer activity in the Company's existing business, increased customer acceptance of the Company's new, lower-priced Cricket Wireless service plans and the continued success of Cricket Broadband. Third quarter ARPU was also impacted by increased customer deactivations and higher reactivations in the quarter due to the impact of rising unemployment on discretionary spending and increased competitive activity. The Company expects that ARPU in the fourth quarter of 2009 will continue to reflect continued economic pressure on our customer base, along with seasonal trends in our existing markets, recent changes to our Cricket Wireless service plans and the maturation of our recently launched markets.
CCU declined 17.5 percent over the prior year quarter due primarily to cost savings from cost management initiatives and increasing benefits of scale.
Capital expenditures during the third quarter of 2009 were $151.6 million, including capitalized interest.

Other Key Operational Highlights

Launched enhanced service plans and new features that increased the value Cricket brings to customers.
Introduced two new, all-inclusive nationwide Cricket monthly voice products and began deployment into thousands of new mass-market retail locations. These new products are now available at four of the most trusted names in ‘big box' national retail. The new all-inclusive monthly $40 and $45 plans which are available only through these four mass-market retailers are part of the Company's existing Cricket PAYGo product line.
Announced new all-inclusive $50 Cricket Broadband monthly service plan now available in nearly 850 stores of the nation's largest retailer. The new plan includes fees and telecom taxes and provides unlimited Internet access without a signed contract or credit check.
Launched new broadband modem, UM 185C, and three new tri-band phones: Cricket TXTM8T, Samsung Messager II and Cricket CAPTR.
Won Frost and Sullivan's 2009 Award for Key Enabler in the U.S. Mobile Services Market for MyHomeScreen, Cricket's proprietary on display portal.

"Despite the challenges of the increasingly competitive operating environment and sustained economic pressure on our key customer segments, the strength of our business was again evident in the third quarter as we realized the benefits of increasing scale and effective cost management activities," said Walter Berger, Leap's executive vice president and chief financial officer. "We believe that both of these factors are evident in the 25 percent year-over-year improvement in adjusted OIBDA and the 42 percent adjusted OIBDA margins delivered by our existing business during the quarter. In the coming quarters, we expect to see significant reductions in the operating and capital investments we are making to support the launch and development of our new initiatives. We believe that these reductions, together with the operating efficiencies we expect to realize from growing scale and ongoing productivity initiatives, will substantially improve the cash flow profile of the business, moving the business to a levered-free-cash-flow position early next year and further strengthening our balance sheet."

"We are updating our business outlook for the fourth quarter of 2009 to reflect our current expectations for customer growth in the emerging economic and competitive environment," continued Berger. "In the coming quarters, we plan to provide our outlook regarding our projected financial and operational performance for future periods, which will reflect the impacts of recently launched programs and initiatives, including our enhanced service plans and broadened distribution of our Cricket PAYGo and Cricket Broadband products. We believe that our strong balance sheet, growing cash flows and disciplined focus on cost-management strongly position us to compete and succeed in the current competitive environment."

Updated Business Outlook

The following financial and operating forecasts, and the forecasts included elsewhere in this release, replace in their entirety any business outlook or other financial and operating projections previously issued by the Company. These forward-looking statements are based on management's current plans and its review of current operating, financial and competitive information and projections regarding the Company's future performance, which are dynamic and subject to change. These forward-looking statements are qualified in that regard and speak only of management's views as of the date of this release. The Company does not undertake any obligation to publicly update or revise these forward-looking projections, whether as a result of new information, future events or otherwise. Actual results could differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with the Company's business. Factors that could cause actual results to differ from these forward-looking statements are described later in this release.

Net customer additions for fiscal year 2009 are expected to be between approximately 1.05 and 1.3 million, including voice and broadband additions in the Company's existing and expansion markets. The Company previously estimated that net customer additions for fiscal year 2009 would be approximately 1.5 million.
Adjusted OIBDA for fiscal year 2009 is expected to be approximately $500 million.
Capital expenditures for fiscal year 2009, excluding capitalized interest costs, are expected to be between $650 million and $700 million. The Company's projection reflects the amount of capital already spent or committed to launch and complete the build-out of the Company's recently launched markets, capital expenditures required to support the ongoing growth and development of the Company's existing network in light of projected 2009 customer growth and other planned capital projects.

Conference Call Information

As previously announced, Leap management will host a conference call with live webcast at 5:00 p.m. EST / 2:00 p.m. PST today to discuss these results. Other forward-looking and material information may also be discussed during this call.

To listen live via telephone, dial 1-800-926-7385 (domestic) or 1-212-231-2905 (international). No participant pass code number is required for this call. If listening via telephone, the accompanying presentation slides may be accessed by visiting http://investor.leapwireless.com. Listeners should navigate to the webcast and choose the 'Live Phone' option to view the slides in conjunction with the live conference call. Individuals dialing into the live call are encouraged to call in 15 minutes prior to the start time in order to register and be placed into the call.

To listen live via webcast and view accompanying presentation slides, visit http://investor.leapwireless.com. Please choose the 'webcast' option to view the slides in conjunction with the webcast.

An online replay and downloadable MP3 of the event will be available on the Company's website shortly after the live call and will be accessible for a limited period of time. A telephonic replay will be available two hours after the call's completion and can be accessed by dialing 1-800-633-8284 (domestic) or 1-402-977-9140 (international) and entering reservation number 21440680.

About Leap

Leap provides innovative, high-value wireless services to a fast-growing, young and ethnically diverse customer base. With the value of unlimited wireless services as the foundation of its business, Leap pioneered its Cricket service. The Company and its joint ventures now operate in 34 states and the District of Columbia and hold licenses in 35 of the top 50 U.S. markets. Through its affordable, flat-rate service plans, Cricket offers customers a choice of unlimited voice, text, high-speed data and mobile Web services. Headquartered in San Diego, Calif., Leap is traded on the NASDAQ Global Select Market under the ticker symbol "LEAP." For more information, please visit www.leapwireless.com.

Notes Regarding Non-GAAP Financial Measures

Information presented in this press release and in the attached financial tables includes financial information prepared in accordance with generally accepted accounting principles in the U.S., or GAAP, as well as non-GAAP financial measures. Generally, a non-GAAP financial measure, within the meaning of Item 10 of Regulation S-K promulgated by the Securities and Exchange Commission (SEC), is a numerical measure of a company's financial performance or cash flows that (a) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, which are included in the most directly comparable measure calculated and presented in accordance with GAAP in the consolidated balance sheets, consolidated statements of operations or consolidated statements of cash flows; or (b) includes amounts, or is subject to adjustments that have the effect of including amounts, which are excluded from the most directly comparable measure so calculated and presented. As described more fully in the notes to the attached financial tables, management supplements the information provided by financial statement measures with several customer-focused performance metrics that are widely used in the telecommunications industry. Adjusted OIBDA, existing business adjusted OIBDA, CPGA, and CCU are non-GAAP financial measures. Non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. Reconciliations of non-GAAP financial measures used in this release to the most directly comparable GAAP financial measures can be found in the section entitled "Definition of Terms and Reconciliation of Non-GAAP Financial Measures" included toward the end of this release.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect management's current expectations based on currently available operating, financial and competitive information, but are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated in or implied by the forward-looking statements. Our forward-looking statements include our discussions in "Updated Business Outlook" for fiscal year 2009 and our expectations regarding future growth, spending, results of operations and customer penetration, and are generally identified with words such as "believe," "expect," "intend," "plan," "could," "may" and similar expressions. Risks, uncertainties and assumptions that could affect our forward-looking statements include, among other things:

• our ability to attract and retain customers in an extremely competitive marketplace;

• the duration and severity of the current economic downturn in the United States and changes in economic conditions, including interest rates, consumer credit conditions, consumer debt levels, consumer confidence, unemployment rates, energy costs and other macro-economic factors that could adversely affect demand for the services we provide;

• the impact of competitors' initiatives;

• our ability to successfully implement product offerings and execute effectively on our other strategic activities;

• our ability to obtain roaming services from other carriers at cost-effective rates;

• our ability to maintain effective internal control over financial reporting;

• our ability to attract, motivate and retain an experienced workforce;

• our ability to comply with the covenants in any credit agreement, indenture or similar instrument governing any of our existing or future indebtedness;

• failure of our network or information technology systems to perform according to expectations; and

• other factors detailed in the section entitled "Risk Factors" included in our periodic reports filed with the SEC, including our Quarterly Report on Form 10-Q for the quarter ended September 30, 2009, which we expect to file shortly with the SEC, and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2009 filed with the SEC on August 10, 2009.

All forward-looking statements included in this news release should be considered in the context of these risks. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Investors and prospective investors are cautioned not to place undue reliance on our forward-looking statements.

Leap is a U.S. registered trademark and the Leap logo is a trademark of Leap. Cricket, Jump, the Cricket "K" and Flex Bucket are U.S. registered trademarks of Cricket. In addition, the following are trademarks or service marks of Cricket: BridgePay, Cricket By Week, Cricket Choice, Cricket Connect, Cricket Nation, Cricket PAYGo and Cricket Wireless Internet Service. All other trademarks are the property of their respective owners.


LEAP WIRELESS INTERNATIONAL, INC. CONSOLIDATED BALANCE SHEETS ^{(1) (2)} (In thousands, except share amounts)

	September 30, 2009			December 31, 2008
Assets	(Unaudited)
Cash and cash equivalents	$	222,961		$	357,708
Short-term investments		391,148			238,143
Restricted cash, cash equivalents and short-term investments		3,248			4,780
Inventories		88,380			99,086
Deferred charges		36,238			27,207
Other current assets		62,077			51,948
Total current assets		804,052			778,872
Property and equipment, net		2,092,954			1,842,718
Wireless licenses		1,919,294			1,841,798
Assets held for sale		4,015			45,569
Goodwill		430,101			430,101
Intangible assets, net		25,749			29,854
Other assets		92,878			83,945
Total assets	$	5,369,043		$	5,052,857
Liabilities and Stockholders' Equity
Accounts payable and accrued liabilities	$	244,162		$	325,294
Current maturities of long-term debt		7,000			13,000
Other current liabilities		217,963			162,002
Total current liabilities		469,125			500,296
Long-term debt		2,752,779			2,566,025
Deferred tax liabilities		242,463			217,631
Other long-term liabilities		88,614			84,350
Total liabilities		3,552,981			3,368,302
Redeemable noncontrolling interests		75,792			71,879
Stockholders' equity:
Preferred stock - authorized 10,000,000 shares, $.0001 par value; no shares issued and outstanding		-			-
Common stock - authorized 160,000,000 shares, $.0001 par value; 77,410,189 and 69,515,526 shares issued and outstanding at September 30, 2009 and December 31 2008, respectively		8			7
Additional paid-in capital		2,134,348			1,835,468
Accumulated deficit		(394,672	)		(216,877	)
Accumulated other comprehensive income (loss)		586			(5,922	)
Total stockholders' equity		1,740,270			1,612,676
Total liabilities and stockholders' equity	$	5,369,043		$	5,052,857


LEAP WIRELESS INTERNATIONAL, INC. CONSOLIDATED STATEMENTS OF OPERATIONS^{(1) (2)} (Unaudited and in thousands, except per share data)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2009			2008			2009			2008

Revenues:
Service revenues	$	541,268		$	434,523		$	1,596,858		$	1,250,595
Equipment revenues		58,200			62,174			187,005			189,344
Total revenues		599,468			496,697			1,783,863			1,439,939
Operating expenses:
Cost of service (exclusive of items shown separately below)		156,707			129,708			455,618			359,735
Cost of equipment		133,502			113,057			419,073			332,405
Selling and marketing		111,702			77,407			311,913			209,783
General and administrative		87,077			87,522			274,192			240,662
Depreciation and amortization		107,876			86,033			297,230			254,839
Impairment of assets		639			177			639			177
Total operating expenses		597,503			493,904			1,758,665			1,397,601
Gain (loss) on sale or disposal of assets		(591	)		(402	)		1,436			559
Operating income		1,374			2,391			26,634			42,897
Equity in net income (loss) of investee		996			230			2,990			(1,127	)
Interest income		727			4,072			2,314			11,439
Interest expense		(59,129	)		(45,352	)		(150,040	)		(109,110	)
Other income (expense), net		(17	)		1,115			(126	)		(3,228	)
Loss on extinguishment of debt		-			-			(26,310	)		-
Loss before income taxes		(56,049	)		(37,544	)		(144,538	)		(59,129	)
Income tax expense		(9,358	)		(9,726	)		(29,412	)		(29,683	)
Net loss		(65,407	)		(47,270	)		(173,950	)		(88,812	)
Accretion of redeemable noncontrolling interests, net of tax		834			(1,992	)		(3,670	)		(5,825	)
Net loss attributable to common stockholders	$	(64,573	)	$	(49,262	)	$	(177,620	)	$	(94,637	)
Loss per share attributable to common stockholders:
Basic	$	(0.85	)	$	(0.72	)	$	(2.49	)	$	(1.39	)
Diluted	$	(0.85	)	$	(0.72	)	$	(2.49	)	$	(1.39	)
Shares used in per share calculations:
Basic		75,598			68,071			71,469			67,999
Diluted		75,598			68,071			71,469			67,999


LEAP WIRELESS INTERNATIONAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS^{(1) (2)} (Unaudited and in thousands)

	Nine Months Ended September 30,
	2009			2008
Operating activities:
Net cash provided by operating activities	$	194,825		$	271,269
Investing activities:
Acquisition of business, net of cash acquired		-			(31,201	)
Purchases of property and equipment		(577,542	)		(528,333	)
Change in prepayments for purchases of property and equipment		5,377			(4,867	)
Purchases of and deposits for wireless licenses and spectrum clearing costs		(34,311	)		(74,698	)
Return of deposit for wireless licenses		-			70,000
Proceeds from sale of wireless licenses and operating assets		2,965			-
Purchases of investments		(640,193	)		(446,590	)
Sales and maturities of investments		487,270			341,239
Purchase of membership units of equity method investment		-			(1,033	)
Change in restricted cash		706			(1,980	)
Net cash used in investing activities		(755,728	)		(677,463	)
Financing activities:
Proceeds from issuance of long-term debt		1,057,474			535,750
Repayment of long-term debt		(880,904	)		(7,750	)
Payment of debt issuance costs		(15,094	)		(7,507	)
Proceeds from issuance of common stock, net		265,907			7,068
Other		(1,227	)		(12,900	)
Net cash provided by financing activities		426,156			514,661
Net increase (decrease) in cash and cash equivalents		(134,747	)		108,467
Cash and cash equivalents at beginning of period		357,708			433,337
Cash and cash equivalents at end of period	$	222,961		$	541,804

Supplementary disclosure of cash flow information:
Cash paid for interest	$	133,379		$	107,924
Cash paid for income taxes	$	2,490		$	1,916

Explanatory Notes to Financial Statements

(1) The consolidated financial statements and the tables of results and operating and financial metrics included at the beginning of this release include the accounts of Leap and its wholly owned subsidiaries as well as the accounts of LCW Wireless, LLC and Denali Spectrum, LLC and their wholly owned subsidiaries. The Company consolidates its interests in LCW Wireless, LLC and Denali Spectrum, LLC in accordance with the authoritative guidance for the consolidation of variable interest entities because these entities are variable interest entities and the Company will absorb a majority of their expected losses. All significant intercompany accounts and transactions have been eliminated in the consolidated financial statements.

(2) On January 1, 2009, we adopted the authoritative guidance for noncontrolling interests, which requires noncontrolling interests to be presented as a separate component of equity in the consolidated balance sheet. The guidance also modifies the presentation of net income by requiring earnings and other comprehensive income to be attributed to controlling and noncontrolling interests. The cumulative impact to the Company's financial statements as a result of the adoption of the guidance resulted in a $9.2 million reduction to stockholders' equity, a $5.8 million reduction to deferred tax liabilities and a $15.0 million increase to redeemable noncontrolling interests (formerly referred to as minority interests) as of December 31, 2008. The Company retrospectively applied the guidance to all prior periods.

(3) The following tables summarize operating data for the Company's consolidated operations for the three and nine months ended September 30, 2009 and 2008 (unaudited; in thousands, except percentages):


	Three Months Ended September 30,
	2009			% of 2009 Service Revenues		2008			% of 2008 Service Revenues		Change from Prior Year
	2009			% of 2009 Service Revenues		2008			% of 2008 Service Revenues		Dollars			Percent
Revenues:
Service revenues	$	541,268				$	434,523				$	106,745		24.6	%
Equipment revenues		58,200					62,174					(3,974	)	(6.4	)%
Total revenues		599,468					496,697					102,771		20.7	%
Operating expenses:
Cost of service		156,707		29.0	%		129,708		29.9	%		26,999		20.8	%
Cost of equipment		133,502		24.7	%		113,057		26.0	%		20,445		18.1	%
Selling and marketing		111,702		20.6	%		77,407		17.8	%		34,295		44.3	%
General and administrative		87,077		16.1	%		87,522		20.1	%		(445	)	(0.5	)%
Depreciation and amortization		107,876		19.9	%		86,033		19.8	%		21,843		25.4	%
Impairment of assets		639		0.1	%		177		0.0	%		462		261.0	%
Total operating expenses		597,503		110.4	%		493,904		113.7	%		103,599		21.0	%
Loss on sale or disposal of assets		(591	)	(0.1	)%		(402	)	(0.1	)%		(189	)	(47.0	)%
Operating income	$	1,374		0.3	%	$	2,391		0.6	%	$	(1,017	)	(42.5	)%


	Nine Months Ended September 30,
	2009		% of 2009 Service Revenues		2008		% of 2008 Service Revenues		Change from Prior Year
	2009		% of 2009 Service Revenues		2008		% of 2008 Service Revenues		Dollars			Percent
Revenues:
Service revenues	$	1,596,858			$	1,250,595			$	346,263		27.7	%
Equipment revenues		187,005				189,344				(2,339	)	(1.2	)%
Total revenues		1,783,863				1,439,939				343,924		23.9	%
Operating expenses:
Cost of service		455,618	28.5	%		359,735	28.8	%		95,883		26.7	%
Cost of equipment		419,073	26.2	%		332,405	26.6	%		86,668		26.1	%
Selling and marketing		311,913	19.5	%		209,783	16.8	%		102,130		48.7	%
General and administrative		274,192	17.2	%		240,662	19.2	%		33,530		13.9	%
Depreciation and amortization		297,230	18.6	%		254,839	20.4	%		42,391		16.6	%
Impairment of assets		639	0.0	%		177	0.0	%		462		261.0	%
Total operating expenses		1,758,665	110.1	%		1,397,601	111.8	%		361,064		25.8	%
Gain on sale or disposal of assets		1,436	0.1	%		559	0.0	%		877		156.9	%
Operating income	$	26,634	1.7	%	$	42,897	3.4	%	$	(16,263	)	(37.9	)%

Total share-based compensation expense related to the Company's share-based awards for the three and nine months ended September 30, 2009 and 2008 was allocated to the statements of operations as follows (unaudited; in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2009		2008		2009		2008
Cost of service	$	865	$	628	$	2,510	$	2,145
Selling and marketing expenses		1,866		871		4,915		3,406
General and administrative expenses		8,276		6,967		25,644		19,951
Share-based compensation expense	$	11,007	$	8,466	$	33,069	$	25,502
Share-based compensation expense per share:
Basic	$	0.15	$	0.12	$	0.46	$	0.38
Diluted	$	0.15	$	0.12	$	0.46	$	0.38

Definition of Terms and Reconciliation of Non-GAAP Financial Measures

The Company utilizes certain financial measures that are widely used in the telecommunications industry and are not calculated based on GAAP. Certain of these financial measures are considered non-GAAP financial measures within the meaning of Item 10 of Regulation S-K promulgated by the SEC.

(4) Churn, which measures customer turnover, is calculated as the net number of customers that disconnect from our service divided by the weighted-average number of customers divided by the number of months during the period being measured. Customers who do not pay their first monthly bill are deducted from our gross customer additions in the month in which they are disconnected; as a result, these customers are not included in churn. Customers of our Cricket Wireless and Cricket Broadband service are generally disconnected from service approximately 30 days after failing to pay a monthly bill, and pay-in-advance customers who ask to terminate their service are disconnected when their paid service period ends. Customers of our Cricket PAYGo service are generally disconnected from service if they have not replenished or "topped up" their account within 60 days after the end of their current term of service. Management uses churn to measure our retention of customers, to measure changes in customer retention over time, and to help evaluate how changes in our business affect customer retention. In addition, churn provides management with a useful measure to compare our customer turnover activity to that of other wireless communications providers. We believe investors use churn primarily as a tool to track changes in our customer retention over time and to compare our customer retention to that of other wireless communications providers. Other companies may calculate this measure differently.

(5) ARPU is service revenue divided by the weighted-average number of customers, divided by the number of months during the period being measured. Management uses ARPU to identify average revenue per customer, to track changes in average customer revenues over time, to help evaluate how changes in our business, including changes in our service offerings and fees, affect average revenue per customer, and to forecast future service revenue. In addition, ARPU provides management with a useful measure to compare our subscriber revenue to that of other wireless communications providers. We do not recognize service revenue until payment has been received and services have been provided to the customer. In addition, customers of our Cricket Wireless and Cricket Broadband service are generally disconnected from service approximately 30 days after failing to pay a monthly bill. Customers of our Cricket PAYGo service are generally disconnected from service if they have not replenished or "topped up" their account within 60 days after the end of their current term of service. Therefore, because our calculation of weighted-average number of customers includes customers who have not paid their last bill and have yet to disconnect service, ARPU may appear lower during periods in which we have significant disconnect activity. We believe investors use ARPU primarily as a tool to track changes in our average revenue per customer and to compare our per customer service revenues to those of other wireless communications providers. Other companies may calculate this measure differently.

(6) CPGA is selling and marketing costs (excluding applicable share-based compensation expense included in selling and marketing expense), and equipment subsidy (generally defined as cost of equipment less equipment revenue), less the net loss on equipment transactions unrelated to initial customer acquisition, divided by the total number of gross new customer additions during the period being measured. The net loss on equipment transactions unrelated to initial customer acquisition includes the revenues and costs associated with the sale of handsets to existing customers as well as costs associated with handset replacements and repairs (other than warranty costs which are the responsibility of the handset manufacturers). We deduct customers who do not pay their first monthly bill from our gross customer additions, which tends to increase CPGA because we incur the costs associated with this customer without receiving the benefit of a gross customer addition. Management uses CPGA to measure the efficiency of our customer acquisition efforts, to track changes in our average cost of acquiring new subscribers over time, and to help evaluate how changes in our sales and distribution strategies affect the cost-efficiency of our customer acquisition efforts. In addition, CPGA provides management with a useful measure to compare our per customer acquisition costs with those of other wireless communications providers. We believe investors use CPGA primarily as a tool to track changes in our average cost of acquiring new customers and to compare our per customer acquisition costs to those of other wireless communications providers. Other companies may calculate this measure differently.

The following table reconciles total costs used in the calculation of CPGA to selling and marketing expense, which we consider to be the most directly comparable GAAP financial measure to CPGA (unaudited; in thousands, except gross customer additions and CPGA):


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2009			2008			2009			2008

Selling and marketing expense	$	111,702		$	77,407		$	311,913		$	209,783
Less share-based compensation expense included in selling and marketing expense		(1,866	)		(871	)		(4,915	)		(3,406	)
Plus cost of equipment		133,502			113,057			419,073			332,405
Less equipment revenue		(58,200	)		(62,174	)		(187,005	)		(189,344	)
Less net loss on equipment transactions unrelated to initial customer acquisition		(7,708	)		(7,880	)		(29,548	)		(31,289	)
Total costs used in the calculation of CPGA	$	177,430		$	119,539		$	509,518		$	318,149
Gross customer additions		851,230			593,619			2,532,074			1,686,143
CPGA	$	208		$	201		$	201		$	189

(7) CCU is cost of service and general and administrative costs (excluding applicable share-based compensation expense included in cost of service and general and administrative expense) plus net loss on equipment transactions unrelated to initial customer acquisition (which includes the gain or loss on the sale of handsets to existing customers and costs associated with handset replacements and repairs (other than warranty costs which are the responsibility of the handset manufacturers)), divided by the weighted-average number of customers, divided by the number of months during the period being measured. CCU does not include any depreciation and amortization expense. Management uses CCU as a tool to evaluate the non-selling cash expenses associated with ongoing business operations on a per customer basis, to track changes in these non-selling cash costs over time, and to help evaluate how changes in our business operations affect non-selling cash costs per customer. In addition, CCU provides management with a useful measure to compare our non-selling cash costs per customer with those of other wireless communications providers. We believe investors use CCU primarily as a tool to track changes in our non-selling cash costs over time and to compare our non-selling cash costs to those of other wireless communications providers. Other companies may calculate this measure differently.

The following table reconciles total costs used in the calculation of CCU to cost of service, which we consider to be the most directly comparable GAAP financial measure to CCU (unaudited; in thousands, except weighted-average number of customers and CCU):


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2009			2008			2009			2008

Cost of service	$	156,707		$	129,708		$	455,618		$	359,735
Plus general and administrative expense		87,077			87,522			274,192			240,662
Less share-based compensation expense included in cost of service and general and administrative expense		(9,141	)		(7,595	)		(28,154	)		(22,096	)
Plus net loss on equipment transactions unrelated to initial customer acquisition		7,708			7,880			29,548			31,289
Total costs used in the calculation of CCU	$	242,351		$	217,515		$	731,204		$	609,590
Weighted-average number of customers		4,555,605			3,371,932			4,348,973			3,163,480
CCU	$	17.73		$	21.50		$	18.68		$	21.41

(8) Adjusted OIBDA is defined as operating income (loss) before depreciation and amortization, adjusted to exclude the effects of: gain/loss on sale/disposal of assets; impairment of assets; and share-based compensation expense (benefit). Existing business adjusted OIBDA further adjusts adjusted OIBDA to exclude total revenues attributable to expansion markets launched after December 31, 2007 and the Company's Broadband service offering that were included in total revenues, and to add back operating expenses attributable to such activities that were included in total operating expenses (other than depreciation and amortization and share-based compensation expense, which have already been added back to adjusted OIBDA). Generally, for purposes of calculating these measures, corporate-level and regional-level overhead expenses are allocated to our markets based on gross customer additions and weighted average customers by market. Adjusted OIBDA and existing business adjusted OIBDA should not be construed as alternatives to operating income or net income as determined in accordance with GAAP, as alternatives to cash flows from operating activities as determined in accordance with GAAP or as measures of liquidity.

In a capital-intensive industry such as wireless telecommunications, management believes that adjusted OIBDA and existing business adjusted OIBDA, as well as the associated percentage margin calculations, are meaningful measures of the Company's operating performance. We use adjusted OIBDA and existing business adjusted OIBDA as supplemental performance measures because management believes they facilitate comparisons of the Company's operating performance from period to period and comparisons of the Company's operating performance to that of other companies by backing out potential differences caused by the age and book depreciation of fixed assets (affecting relative depreciation expenses) as well as the items described above for which additional adjustments were made. While depreciation and amortization are considered operating costs under GAAP, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or constructed in prior periods. Because adjusted OIBDA and existing business adjusted OIBDA facilitate internal comparisons of our historical operating performance, management also uses these metrics for business planning purposes and to measure our performance relative to that of our competitors. In addition, we believe that adjusted OIBDA, existing business adjusted OIBDA, and similar measures are widely used by investors, financial analysts and credit rating agencies as measures of our financial performance over time and to compare our financial performance with that of other companies in our industry. Adjusted OIBDA and existing business adjusted OIBDA have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP. Some of these limitations include:

they do not reflect capital expenditures;
although they do not include depreciation and amortization, the assets being depreciated and amortized will often have to be replaced in the future, and adjusted OIBDA and existing business adjusted OIBDA do not reflect cash requirements for such replacements;
they do not reflect costs associated with share-based awards exchanged for employee services;
they do not reflect the interest expense necessary to service interest or principal payments on current or future indebtedness;
they do not reflect expenses incurred for the payment of income taxes and other taxes; and
other companies, including companies in our industry, may calculate these measures differently than we do, limiting their usefulness as comparative measures.

Management understands these limitations and considers adjusted OIBDA and existing business adjusted OIBDA as financial performance measures that supplement but do not replace the information provided to management by our GAAP results.

The following table reconciles adjusted OIBDA and existing business adjusted OIBDA to operating income, which we consider to be the most directly comparable GAAP financial measure to adjusted OIBDA and existing business adjusted OIBDA (unaudited; in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2009		2008		2009			2008
Operating income	$	1,374	$	2,391	$	26,634		$	42,897
Plus depreciation and amortization		107,876		86,033		297,230			254,839
OIBDA		109,250		88,424		323,864			297,736
Less (gain) loss on sale or disposal of assets		591		402		(1,436	)		(559	)
Plus impairment of indefinite-lived intangible assets		639		177		639			177
Plus share-based compensation		11,007		8,466		33,069			25,502
Adjusted OIBDA	$	121,487	$	97,469	$	356,136		$	322,856
Plus net operating expenses attributable to expansion markets and the Company's Cricket Broadband service included in total operating expenses		53,528	49,416			174,763			113,468
Existing business adjusted OIBDA	$	175,015	$	146,885	$	530,899		$	436,324

Source: Leap Wireless International, Inc.

Leap Contacts:
Greg Lund, Media Relations
858-882-9105
glund@leapwireless.com
Amy Wakeham, Investor Relations
858-882-6084
awakeham@leapwireless.com

Reportlinker Adds Mobile VoIP

Thu, 05 Nov 2009 15:09:38 -0500

NEW YORK, Nov. 5 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue.

Mobile VoIP

http://www.reportlinker.com/p0157481/Mobile-VoIP.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=prnewswire

Mobile VoIP is often perceived as a threat to mobile network operators, eating into their voice revenues and reducing them to mere "dumb pipes". It has also been perceived as "the next big thing" for a while now in the mobile market. This report will look at the myths and realities of mobile VoIP, the potential and threats of managed VoIP, and draw mobile VoIP penetration forecasts.

Key questions

Table of contents

1. Executive summary . 6

1.1. International calls are the only real advantage . 7

1.2. Summary of strategies of independent players 7

1.3. Google Voice is a potential game changer ......... 8

1.4. The general trend of leaders versus challengers ................. 9

1.5. The key factors effecting mobile VoIP take-off . 10

1.6. IDATE forecasts ............ 10

2. Mobile VoIP description ....... 12

2.1. Market overview ............ 12

2.2. Technology description . 13

3. Technical enablers for mobile VoIP ...... 16

3.1. User experience ............ 16

3.1.1. Usability ... 16

3.1.2. Availability 16

3.1.3. QoS .......... 17

3.2. Networks ..... 18

3.2.1. WiFi coverage will remain spotty .. 18

3.2.2. 2G networks are not suited for Mobile VoIP ... 18

3.2.3. 3G networks: capacity trade-off .... 18

3.2.4. LTE networks: multiple options for voice ..... 19

3.3. Handsets ..... 21

3.3.1. 3G handsets ............... 21

3.3.2. WiFi compliant phones 22

4. The myths and realities of mobile VoIP pricing ..... 23

4.1. Mobile VoIP not very mobile - often limited to WiFi only .... 23

4.2. Free calls do not come cheap ......... 23

4.3. International calls are very attractive, whether WiFi or not . 25

4.4. National calls are competitive at best ............... 28

4.5. In conclusion; international calls are the only real advantage .............. 31

5. Strategies of independent (over-the-top) players .. 32

5.1. The end of the simple no-frills era .. 32

5.1.1. Skype has won the winner-takes-all battle ...... 32

5.1.2. The battle for pre-installation on mobile phones ............... 33

5.2. Looking beyond just VoIP calling .... 34

5.2.1. Truphone going global 34

5.2.2. Fring getting social ...... 35

5.2.3. Jajah working behind the scenes .. 37

5.3. Summary of independent player strategies ...... 38

6. Strategies of Internet giants 39

6.1. Google Voice: an alternative approach to the independent mobile VoIP players .. 39

6.1.1. What is Google Voice? ................. 39

6.1.2. The strategy of Google Voice ....... 40

6.2. Google Voice is a potential game changer ....... 41

7. Strategies of mobile network operators ................. 43

7.1. Germany: operator split strategies .. 43

7.2. H3G: full support of mobile VoIP .... 44

7.3. The general trend of leaders versus challengers ............... 45

8. Mobile operators can, and will, manage VoIP ........ 47

8.1. Lessons learned from fixed VoIP .... 47

8.1.1. Carrier-managed VoIP can be a success ....... 47

8.1.2. ... even fending off the independent players .. 48

8.2. A means to increase mobile data revenue ....... 49

8.2.1. Transferring the fixed VoIP success to mobile 49

8.2.2. The potential to increase data revenue .......... 49

8.2.3. No enforced regulation, but pressure increasing .............. 50

9. Scenarios and forecasts ....... 51

9.1. The key factors effecting mobile VoIP take-off . 51

9.2. Mobile VoIP user forecasts ............. 53

9.2.1. France: slow take-off but rapid uptake ............ 53

9.2.2. Germany: steady progress ............ 53

9.2.3. UK: aggressive strategies driving the market . 53

9.2.4. US: resistance from MNOs starting to ease .... 54

9.2.5. Forecasts .......... 54

Tables & Figures

Table 1: Table of data plans for the MNOs of France, Germany, UK and US ............. 24

Table 2: Examples of mobile VoIP offers ............... 25

Table 3: Table of international call tariffs for the MNOs of the US ............. 26

Table 4: Unlimited voice call tariffs for MNOs in France, Germany, UK and US ......... 28

Table 5: Examples of mobile VoIP packages ......... 40

Table 6: Free VoIP tariffs .. 48

Figure 1: The three key factors for managed VoIP success ....... 6

Figure 2: Comparison of price competitiveness between mobile VoIP and MNO plans . 7

Figure 3: Summary of the strategies of Skype, Truphone, fring and Jajah ... 7

Figure 4: Skype versus Google Voice ..... 8

Figure 5: German and UK MNO positioning on mobile VoIP service ............ 9

Figure 6: Key factors affecting mobile VoIP take-off in France, Germany, UK and US . 10

Figure 7: Mobile VoIP users as a percentage of total mobile subscribers .. 10

Figure 8: Mobile VoIP user forecast: France, Germany, UK and US .......... 11

Figure 9: World mobile data and voice revenues, 2009 ............ 12

Figure 10: Breakdown of mouth-to-ear delay ............ 17

Figure 11: CS fallback architecture ......... 19

Figure 12: VoLGA: Voice over LTE via Generic Access ............. 20

Figure 13: GSM / 3G / LTE-enabled handsets (% of installed phones in Western Europe) .... 21

Figure 14: WiFi compliant phones sales . 22

Figure 15: Data ARPU depending on device ............ 24

Figure 16: International call charges by Vodafone UK ................ 27

Figure 17: Mobile VoIP calling offer using the mobile Internet, by fring ........ 30

Figure 18: Comparison of price competitiveness between mobile VoIP and MNO plans ............ 31

Figure 19: SWOT analysis of Skype ....... 34

Figure 20: SWOT analysis of Truphone .. 35

Figure 21: The fring network structure .... 36

Figure 22: SWOT analysis of fring .......... 36

Figure 23: Yahoo! Voice service in collaboration with Jajah ....... 37

Figure 24: SWOT analysis of Jajah ......... 38

Figure 25: Summary of the strategies of Skype, Truphone, fring and Jajah . 38

Figure 26: Google Voice service offering 39

Figure 27: SWOT analysis of Google Voice .............. 41

Figure 28: Skype versus Google Voice ... 42

Figure 29: The Skype package on the 3 network ...... 44

Figure 30: Trends in mobile market shares in the UK, 2004-2008 ................ 45

Figure 31: German and UK MNO positioning on mobile VoIP service .......... 46

Figure 32: Areas included in the Freebox plan .......... 48

Figure 33: French fixed VoIP subscriber numbers, December 2008 ............ 49

Figure 34: The three key factors for managed VoIP success ..... 50

Figure 35: Key factors affecting mobile VoIP take-off in France, Germany, UK and US . 52

Figure 36: Mobile VoIP users as a percentage of total mobile subscribers .. 54

Figure 37: Mobile VoIP user forecast: France, Germany, UK and US (million users) ..... 55

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Mobile VoIP

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Special Two-Hour Event: New Android Devices on Sale Extra Early at Verizon Wireless' 34th Street Store, Doors Open at Midnight

Thu, 05 Nov 2009 15:09:33 -0500

NEW YORK, Nov. 5 /PRNewswire/ --

Broadcast-quality video and images available for download at the Verizon Wireless Multimedia Library.

SOURCE Verizon Wireless

Video Demonstration of Verizon Wireless' DROID ERIS by HTC Available

Thu, 05 Nov 2009 15:07:57 -0500

For more information, visit http://news.vzw.com.

About Verizon Wireless

/PRNewswire -- Nov. 5/

SOURCE Verizon

Cisco Reports First Quarter Earnings

Mike Dolan — Thu, 05 Nov 2009 11:16:48 -0500

Cisco Reports First Quarter Earnings

Announces $10 Billion Increase in Stock Repurchase Program

Cisco EVP and CFO Frank Calderoni discusses Q1 FY2010 earnings highlights

SAN JOSE, CA--(Marketwire - November 4, 2009) - Cisco (NASDAQ: CSCO)

Q1 Net Sales: $9.0 billion (decrease of 13% year over year)
Q1 Net Income: $1.8 billion GAAP; $2.1 billion non-GAAP
Q1 Earnings per Share: $0.30 GAAP (decrease of 19% year over year); $0.36 non-GAAP (decrease of 14% year over year)
Total Cash, Cash Equivalents and Investments: $35.4 billion

Cisco (NASDAQ: CSCO), the worldwide leader in networking that transforms how people connect, communicate and collaborate, today reported its first quarter results for the period ended October 24, 2009. Cisco reported first quarter net sales of $9.0 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.8 billion or $0.30 per share, and non-GAAP net income of $2.1 billion or $0.36 per share.

Commenting on the quarter, Chairman and Chief Executive Officer John Chambers noted, "Building off what we saw as a clear tipping point in Q4, our Q1 results continued to reflect strong sequential growth trends that meet or exceed expectations during normal economic times. We view the improving economic outlook, combined with solid execution on our growth strategy, as creating unparalleled opportunity to drive more value into the core of the network. Simply said, we believe that key market transitions across collaboration, virtualization and video will drive productivity and growth in network loads for the next decade, and are evolving even faster than expected."

Chambers continued, "Our ability to launch four proposed acquisitions, the ecosystem-shifting coalition with EMC/VMware, and five new products and industry solutions into the Cisco pipeline in the past few months alone underscore this momentum. Our build -- buy -- partner innovation engine is clearly running on all cylinders, while our operational machine is pulling costs out of the business even as we scale new models for growth. Execution and results over time will demonstrate the long-term impact of this vision and strategy -- but a new model of productivity based on collaboration is clearly emerging and we believe this may be the most profound opportunity for businesses in our 25 years as a company."

                                GAAP Results
                                ------------

                           Q1 2010        Q1 2009       Vs. Q1 2009
                       --------------  --------------  -------------
Net Sales              $  9.0 billion  $ 10.3 billion         -12.7%
                       --------------  --------------  -------------
Net Income             $  1.8 billion  $  2.2 billion         -18.8%
                       --------------  --------------  -------------
Earnings per Share     $         0.30 $          0.37         -18.9%
                       --------------  --------------  -------------



                               Non-GAAP Results
                               ----------------

                          Q1 2010         Q1 2009       Vs. Q1 2009
                       --------------  --------------  -------------
Net Income             $  2.1 billion  $  2.5 billion         -15.3%
                       --------------  --------------  -------------
Earnings per Share     $         0.36  $         0.42         -14.3%
                       --------------  --------------  -------------

In October 2009, the Financial Accounting Standards Board issued new accounting guidance related to revenue recognition. Cisco elected to adopt this accounting guidance early on a prospective basis for transactions originating or materially modified in the first quarter of fiscal 2010. Net sales for the first quarter of fiscal 2010 were approximately $50 million higher than the net sales that would have been recorded under the previous accounting guidance.

A reconciliation between net income on a GAAP basis and non-GAAP net income is provided in the table on page 6.

Cisco will discuss first quarter results and business outlook on a conference call and webcast at 1:30 p.m. Pacific Time today. Call information and related charts are available at http://www.cisco.com/go/investors. A Q&A session with Cisco's Chairman and CEO John Chambers and CFO Frank Calderoni will also be available at http://newsroom.cisco.com. To view a video of Cisco's CFO discussing first quarter results, visit http://blogs.cisco.com.

Stock Repurchase Program Expanded

Cisco also announced that on November 4, 2009 its board of directors authorized up to $10 billion in additional repurchases of its common stock. Cisco's board had previously authorized up to $62 billion in stock repurchases. There is no fixed termination date for the repurchase program. The remaining authorized amount for stock repurchases under this program, including the additional authorization, is approximately $13.1 billion.

Other Financial Highlights

Cash flows from operations were $1.5 billion for the first quarter of fiscal 2010, compared with $2.7 billion for the first quarter of fiscal 2009, and compared with $2.0 billion for the fourth quarter of fiscal 2009.
Cash and cash equivalents and investments were $35.4 billion at the end of the first quarter of fiscal 2010, compared with $35.0 billion at the end of fiscal 2009.
During the first quarter of fiscal 2010, Cisco repurchased 76 million shares of common stock under the stock repurchase program at an average price of $22.99 per share for an aggregate purchase price of $1.8 billion. As of October 24, 2009, Cisco had repurchased and retired 2.9 billion shares of Cisco common stock at an average price of $20.47 per share for an aggregate purchase price of approximately $58.9 billion since the inception of the stock repurchase program.
Days sales outstanding in accounts receivable (DSO) at the end of the first quarter of fiscal 2010 were 32 days, compared with 34 days at the end of the fourth quarter of fiscal 2009, and compared with 29 days at the end of the first quarter of fiscal 2009.
Inventory turns on a GAAP basis were 11.6 in the first quarter of fiscal 2010, compared with 11.7 in the fourth quarter of fiscal 2009, and compared with 11.9 in the first quarter of fiscal 2009. Non-GAAP inventory turns were 11.3 in the first quarter of fiscal 2010, compared with 11.3 in the fourth quarter of fiscal 2009, and compared with 11.6 in the first quarter of fiscal 2009.

"Cisco's strong first quarter results represent two quarters of sequentially positive revenue growth and demonstrate our ability to execute on our innovation and operational excellence priorities," said Frank Calderoni, Cisco chief financial officer. "We delivered earnings per share on a GAAP basis of $0.30 and non-GAAP of $0.36, which were above our expectations, driven by balance across a broad portfolio and intense focus on execution. Our results validate our strategy and portfolio approach of balancing disciplined expense management with strategic investment, to drive continued profitability through varying economic environments."

Cisco Innovation

Cisco expanded its Cisco TelePresence™ portfolio with the single-screen, single-camera Cisco TelePresence System 1100 for multipurpose rooms. Service providers AT&T, BT, Orange, NTT, Tata Communications, Telefonica, Telstra and Telmex have announced commercial intercompany Cisco TelePresence service offerings.
Cisco announced its Borderless Networks Architecture strategy, together with announcing its new Integrated Services Router Generation 2 (ISR G2), which helps businesses and service providers simplify and scale delivery of on-demand, networked business services such as video and collaborative applications.
Cisco launched Cisco IronPort™ Web Usage Controls, a product designed to provide real-time content categorization to accurately identify up to 90 percent of "dark web" sites in the most egregious content categories.
Cisco and salesforce.com announced the Customer Interaction Cloud, a combined solution that uses a connector to integrate salesforce.com's Service Cloud 2 with Cisco® Unified Contact Center's functionality, empowering small and medium-sized companies to run their customer service function completely in the cloud.
Cisco announced the creation of a Smart Grid Ecosystem, with more than 25 initial partners, to facilitate the adoption of Internet Protocol (IP)-based communications standards for smart grids designed to benefit the energy industry as well as business and residential customers. Cisco also created a Smart Grid Technical Advisory Board made up of leading innovative utility and energy companies from around the world.

Select Customer Announcements

Tutor Perini Corporation, a leading civil and building construction company, is consolidating five data centers into one new facility which utilizes the Cisco Unified Computing System™ as its computing platform.
The Miami Dolphins National Football League franchise announced the deployment of Cisco TelePresence and Cisco StadiumVision™ systems to help fans "Live the Game" at Miami's Land Shark Stadium.
Kenya's Ministry of Information and Communications Technology launched the first network-enabled Pilot Pasha Centre in Kangundo with the aim of enhancing the livelihoods of local citizens and encouraging new micro-enterprises.
Cisco and Gale International expanded their relationship on Smart + Connected Communities under development in Korea's Songdo International Business District, with the aim of creating a repeatable model for smart, sustainable cities of the future.
German electricity company Yello Strom launched an energy-saving smart grid pilot to create an intelligent energy system that communicates over an IP network.

Select Acquisitions and Investments

Cisco announced a definitive agreement to acquire Starent Networks, Corp., a leading supplier of IP-based mobile infrastructure solutions targeting mobile and converged carriers.
Cisco announced a definitive agreement for Cisco to launch a recommended voluntary cash offer to acquire TANDBERG ASA, a global leader in video communications.

Editor's Note:

Q1 FY 2010 conference call to discuss Cisco's results along with its business outlook will be held at 1:30 p.m. Pacific Time, Wednesday, November 4, 2009. Conference call number is 888-848-6507 (United States) or 212-519-0847 (international).
Conference call replay will be available from 4:00 p.m. Pacific Time, November 4, 2009 to 4:00 p.m. Pacific Time, November 11, 2009 at 866-357-4205 (United States) or 203-369-0122 (international). The replay also will be available via webcast from November 4, 2009 through January 15, 2010 on the Cisco Investor Relations website at http://www.cisco.com/go/investors.
Additional information regarding Cisco's financials, as well as a webcast of the conference call with visuals designed to guide participants through the call, will be available at 1:30 p.m. Pacific Time, November 4, 2009. Text of the conference call's prepared remarks will be available within 24 hours of completion of the call. The webcast will include both the prepared remarks and the question-and-answer session. This information, along with GAAP reconciliation information, will be available on the Cisco Investor Relations Website at http://www.cisco.com/go/investors.
A Q&A session with Cisco's Chairman and CEO John Chambers and CFO Frank Calderoni about Q1 FY 2010 results will be available at http://newsroom.cisco.com.
To view a video of Cisco's CFO discussing Q1 FY 2010 results, visit Cisco's blog site, The Platform, at http://blogs.cisco.com.

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, visit http://newsroom.cisco.com.

This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding future events (such as the improving economic outlook and related opportunity, market transitions across collaboration, virtualization and video driving productivity and growth in network loads for the next decade, and the emergence of a new model of productivity based on collaboration and related business opportunity) and the future financial performance of Cisco that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including: business and economic conditions and growth trends in the networking industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; overall information technology spending; the growth and evolution of the Internet and levels of capital spending on Internet-based systems; variations in customer demand for products and services, including sales to the service provider market and other customer markets; the return on our investments in certain market adjacencies and geographical locations during the current economic downturn; the timing of orders and manufacturing and customer lead times; changes in customer order patterns or customer mix; insufficient, excess or obsolete inventory; variability of component costs; variations in sales channels, product costs or mix of products sold; our ability to successfully acquire businesses and technologies and to successfully integrate and operate these acquired businesses and technologies; increased competition in our product and service markets, including the data center; dependence on the introduction and market acceptance of new product offerings and standards; rapid technological and market change; manufacturing and sourcing risks; product defects and returns; litigation involving patents, intellectual property, antitrust, shareholder and other matters, and governmental investigations; natural catastrophic events; a pandemic or epidemic; our ability to achieve the benefits anticipated from our investments in sales and engineering activities; our ability to recruit and retain key personnel; our ability to manage financial risk, and to manage expenses during the current economic downturn; risks related to the global nature of our operations, including our operations in emerging markets; currency fluctuations and other international factors, including relating to transactions to hedge foreign currency consideration for acquisitions; changes in provision for income taxes, including changes in tax laws and regulations or adverse outcomes resulting from examinations of our income tax returns; potential volatility in operating results; and other factors listed in Cisco's most recent report on Form 10-K. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in Cisco's most recent report on Form 10-K filed on September 11, 2009, as it may be amended from time to time. Cisco's results of operations for the three months ended October 24, 2009 are not necessarily indicative of Cisco's operating results for any future periods. Any projections in this release are based on limited information currently available to Cisco, which is subject to change. Although any such projections and the factors influencing them will likely change, Cisco will not necessarily update the information, since Cisco will only provide guidance at certain points during the year. Such information speaks only as of the date of this release.

This release includes non-GAAP net income, non-GAAP net income per share data, shares used in non-GAAP net income per share calculation, and non-GAAP inventory turns.

These non-GAAP measures are not in accordance with, or an alternative for measures prepared in accordance with, generally accepted accounting principles and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Cisco believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Cisco's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Cisco's results of operations in conjunction with the corresponding GAAP measures.

Cisco believes that the presentation of non-GAAP net income, non-GAAP net income per share data and shares used in non-GAAP net income per share calculation, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations. In addition, Cisco believes that the presentation of non-GAAP inventory turns provides useful information to investors and management regarding financial and business trends relating to inventory management based on the operating activities of the period presented.

For its internal budgeting process, Cisco's management uses financial statements that do not include, when applicable, share-based compensation expense, amortization of acquisition-related intangible assets, other acquisition-related costs, enhanced early retirement benefits, the income tax effects of the foregoing, significant effects of retroactive tax legislation, and significant transfer pricing adjustments related to share-based compensation. Cisco's management also uses the foregoing non-GAAP measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Cisco. In prior periods, Cisco has excluded other items that it no longer excludes for purposes of its non-GAAP financial measures; for example, effective in the third quarter of fiscal 2009, Cisco no longer excludes payroll tax on stock option exercises and effective beginning in fiscal 2010, Cisco no longer excludes in-process research and development as it is no longer expensed as a result of new accounting guidance. From time to time in the future, there may be other items that Cisco may exclude for purposes of its internal budgeting process and in reviewing its financial results.

For additional information on the items excluded by Cisco from one or more of its non-GAAP financial measures, refer to the Form 8-K regarding this release furnished today to the Securities and Exchange Commission.

Copyright ©2009 Cisco Systems, Inc. All rights reserved. Cisco, the Cisco logo, Cisco Systems, Cisco IronPort, Cisco StadiumVision, Cisco TelePresence, Cisco Unified Computing System, and IronPort are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.

                  CONSOLIDATED STATEMENTS OF OPERATIONS
                  (In millions, except per-share amounts)
                                (Unaudited)

                                                    Three Months Ended
                                                --------------------------
                                                 October 24,   October 25,
                                                    2009          2008
                                                ------------  ------------
NET SALES:
Product                                         $      7,200  $      8,635
Service                                                1,821         1,696
                                                ------------  ------------
Total net sales                                        9,021        10,331
                                                ------------  ------------
COST OF SALES:
Product                                                2,486         2,981
Service                                                  647           669
                                                ------------  ------------
Total cost of sales                                    3,133         3,650
                                                ------------  ------------
GROSS MARGIN                                           5,888         6,681

OPERATING EXPENSES:
Research and development                               1,224         1,406
Sales and marketing                                    1,995         2,283
General and administrative                               440           395
Amortization of purchased intangible assets              105           112
In-process research and development                       --             3
                                                ------------  ------------
Total operating expenses                               3,764         4,199
                                                ------------  ------------
OPERATING INCOME                                       2,124         2,482

Interest income, net                                      54           195
Other income (loss), net                                  61           (72)
                                                ------------  ------------
Interest and other income, net                           115           123
                                                ------------  ------------
INCOME BEFORE PROVISION FOR INCOME TAXES               2,239         2,605
Provision for income taxes                               452           404
                                                ------------  ------------
NET INCOME                                      $      1,787  $      2,201
                                                ------------  ------------
Net income per share:
Basic                                           $       0.31  $       0.37
                                                ------------  ------------
Diluted                                         $       0.30  $       0.37
                                                ------------  ------------
Shares used in per-share calculation:
Basic                                                  5,767         5,881
                                                ------------  ------------
Diluted                                                5,871         5,972
                                                ------------  ------------



              RECONCILIATION OF GAAP TO NON-GAAP NET INCOME
                  (In millions, except per-share amounts)

                                                    Three Months Ended
                                                --------------------------
                                                 October 24,   October 25,
                                                    2009          2008
                                                ------------  ------------

GAAP net income                                 $      1,787  $      2,201

  Share-based compensation expense(1)                    321           304
  Payroll tax on stock option exercises(2)                --             1
  In-process research and development(3)                  --             3
  Amortization of acquisition-related
   intangible assets                                     149           166
  Other acquisition-related costs(4)                       4           122
                                                ------------  ------------
  Total adjustments to GAAP income before
   provision for income taxes                            474           596
                                                ------------  ------------

  Income tax effect                                     (145)         (194)
  Effect of retroactive tax legislation(5)                --          (106)
                                                ------------  ------------
  Total adjustments to GAAP provision
   for income taxes                                     (145)         (300)

Non-GAAP net income                             $      2,116  $      2,497
                                                ------------  ------------
Diluted net income per share:
GAAP                                            $       0.30  $       0.37
                                                ------------  ------------
Non-GAAP                                        $       0.36  $       0.42
                                                ------------ ------------
Shares used in diluted net income
 per share calculation:
GAAP                                                   5,871         5,972
                                                ------------  ------------
Non-GAAP                                               5,880         5,979
                                                ------------  ------------


(1) Share-based compensation expense for the first quarter of fiscal 2010
    and fiscal 2009 includes $28 million and $22 million, respectively, of
    share-based compensation related to acquisitions.

(2) Effective in the third quarter of fiscal 2009, Cisco no longer excludes
    payroll tax on stock option exercises for purposes of its non-GAAP
    financial measures.

(3) Effective beginning in fiscal 2010, Cisco no longer excludes in-process
    research and development for purposes of its non-GAAP financial
    measures as it is no longer expensed as a result of new accounting
    guidance.

(4) Other acquisition-related costs for the first quarter of fiscal 2010
    includes a $42 million mark-to-market impact related to transactions to
    hedge a portion of the foreign currency consideration of an announced,
    pending business combination.

(5) In the first quarter of fiscal 2009, the Tax Extenders and Alternative
    Minimum Tax Relief Act of 2008 reinstated the U.S. federal R&D tax
    credit, retroactive to January 1, 2008. GAAP net income for the first
    quarter 2009 included a $106 million tax benefit related to fiscal 2008
    R&D expenses. Non-GAAP net income for the first quarter of fiscal 2009
    excluded the $106 million tax benefit related to fiscal 2008 R&D
    expenses.

Certain reclassifications have been made to prior period amounts to conform to the current period's presentation.

Additional reconciliations between GAAP and non-GAAP financial measures are provided in the tables that follow on page 10.

                        CONSOLIDATED BALANCE SHEETS
                              (In millions)
                               (Unaudited)

                                                 October 24,    July 25,
                                                    2009          2009
                                                ------------  ------------
ASSETS
Current assets:
  Cash and cash equivalents                     $      4,774  $      5,718
  Investments                                         30,591        29,283
  Accounts receivable, net of allowance
   for doubtful accounts of $216 at
   October 24, 2009 and July 25, 2009                  3,159         3,177
  Inventories                                          1,089         1,074
  Deferred tax assets                                  2,205         2,320
  Other current assets                                 2,879         2,605
                                                ------------  ------------

  Total current assets                                44,697        44,177

Property and equipment, net                            3,976         4,043
Goodwill                                              12,942        12,925
Purchased intangible assets, net                       1,552         1,702
Other assets                                           5,513         5,281
                                                ------------  ------------
TOTAL ASSETS                                    $     68,680  $     68,128
                                                ------------  ------------
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
  Accounts payable                              $        729  $        675
  Income taxes payable                                    97           166
  Accrued compensation                                 2,263         2,535
  Deferred revenue                                     6,397         6,438
  Other current liabilities                            3,676         3,841
                                                ------------  ------------

  Total current liabilities                           13,162        13,655

Long-term debt                                        10,273        10,295
Income taxes payable                                   1,755         2,007
Deferred revenue                                       2,874         2,955
Other long-term liabilities                              590           539
                                                ------------  ------------

Total liabilities                                     28,654        29,451

Shareholders' equity                                  40,026        38,677
                                                ------------  ------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY      $     68,680  $     68,128
                                                ------------  ------------

Certain reclassifications have been made to prior period amounts to conform to the current period's presentation.

                  CONSOLIDATED STATEMENTS OF CASH FLOWS
                              (In millions)
                               (Unaudited)

                                                    Three Months Ended
                                                --------------------------
                                                 October 24,   October 25,
                                                    2009          2008
                                                ------------  ------------

Cash flows from operating activities:
   Net income                                   $      1,787  $      2,201
Adjustments to reconcile net income to net
 cash provided by operating activities:
   Depreciation, amortization, and other
    noncash items                                        429           393
   Share-based compensation expense                      321           304
   Provision for doubtful accounts                         4            17
   Deferred income taxes                                  93            26
   Excess tax benefits from share-based
    compensation                                         (21)          (17)
   In-process research and development                    --             3
   Net (gains) losses on investments                     (47)           70
   Change in operating assets and liabilities,
    net of effects of acquisitions:
      Accounts receivable                                 38           453
      Inventories                                         (8)            8
      Lease receivables, net                            (100)          (65)
      Accounts payable                                    52           (35)
      Income taxes payable                              (291)          (83)
      Accrued compensation                              (313)         (197)
      Deferred revenue                                  (160)           (2)
      Other assets                                      (186)         (405)
      Other liabilities                                 (110)           47
                                                ------------  ------------
Net cash provided by operating activities              1,488         2,718
                                                ------------  ------------
Cash flows from investing activities:
   Purchases of investments                           (9,537)      (12,461)
   Proceeds from sales of investments                  2,769         6,833
   Proceeds from maturities of investments             5,664         3,509
   Acquisition of property and equipment                (160)         (361)
   Acquisition of businesses, net of cash
    and cash equivalents acquired                         --          (288)
   Change in investments in privately held
    companies                                            (32)          (11)
   Other                                                  43           (60)
                                                ------------  ------------
Net cash used in investing activities                 (1,253)       (2,839)
                                                ------------  ------------
Cash flows from financing activities:
   Issuance of common stock                              634           224
   Repurchase of common stock                         (1,869)       (1,002)
   Excess tax benefits from share-based
    compensation                                          21            17
   Other                                                  35          (112)
                                                ------------  ------------
Net cash used in financing activities                 (1,179)         (873)
                                                ------------  ------------
Net decrease in cash and cash equivalents               (944)         (994)
Cash and cash equivalents, beginning of period         5,718         5,191
                                                ------------  ------------
Cash and cash equivalents, end of period        $      4,774  $      4,197
                                                ------------  ------------

Certain reclassifications have been made to prior period amounts to conform to the current period's presentation.

                     ADDITIONAL FINANCIAL INFORMATION
                              (In millions)
                               (Unaudited)

                                                 October 24,    July 25,
                                                    2009          2009
                                                ------------  ------------
CASH AND CASH EQUIVALENTS AND INVESTMENTS
Cash and cash equivalents                       $      4,774  $      5,718
Fixed income securities                               29,548        28,355
Publicly traded equity securities                      1,043           928
                                                ------------  ------------
Total                                           $     35,365  $     35,001
                                                ------------  ------------
INVENTORIES
Raw materials                                   $        167  $        165
Work in process                                           33            33
Finished goods:
  Distributor inventory and deferred
   cost of sales                                         403           382
  Manufactured finished goods                            307           310
                                                ------------  ------------
Total finished goods                                     710           692
Service-related spares                                   147           151
Demonstration systems                                     32            33
                                                ------------  ------------
Total                                           $      1,089  $      1,074
                                                ------------  ------------
PROPERTY AND EQUIPMENT, NET
Land, buildings, building improvements,
 and leasehold improvements                     $      4,501  $      4,618
Computer equipment and related software                1,569         1,823
Production, engineering, and other
 equipment                                             5,273         5,075
Operating lease assets                                   242           227
Furniture and fixtures                                   471           465
                                                ------------  ------------
                                                      12,056        12,208
Less accumulated depreciation and
 amortization                                         (8,080)       (8,165)
                                                ------------  ------------
Total                                           $      3,976  $      4,043
                                                ------------  ------------
OTHER ASSETS
Deferred tax assets                             $      2,112  $      2,122
Investments in privately held companies                  728           709
Lease receivables, net(1)                              1,043           966
Financed service contracts(2)                            648           676
Loan receivables(3)                                      712           537
Other                                                    270           271
                                                ------------  ------------
Total                                           $      5,513  $      5,281
                                                ------------  ------------
DEFERRED REVENUE
Service                                         $      6,194  $      6,496
Product
  Unrecognized revenue on product shipments
   and other deferred revenue                          2,551         2,490
  Cash receipts related to unrecognized
   revenue from two-tier distributors                    526           407
                                                ------------  ------------
Total product deferred revenue                         3,077         2,897
                                                ------------  ------------
Total                                           $      9,271  $      9,393
                                                ------------  ------------
Reported as:
Current                                         $      6,397  $      6,438
Noncurrent                                             2,874         2,955
                                                ------------  ------------
Total                                           $      9,271  $      9,393
                                                ------------  ------------

Note:

(1) The current portion of lease receivables, net, which was $689 million
    and $626 million as of October 24, 2009 and July 25, 2009,
    respectively, is recorded in other current assets.

(2) The current portion of financed service contracts, which was
    $1.0 billion and $940 million as of October 24, 2009 and July 25, 2009,
    respectively, is recorded in other current assets. These financed
    service contracts primarily relate to technical support services, and
    the associated revenue is deferred and recognized ratably over the
    period during which the services are to be performed, which is
    typically from one to three years.

(3) The current portion of loan receivables, net, which was $328 million
    and $236 million as of October 24, 2009 and July 25, 2009,
    respectively, is recorded in other current assets.



               SUMMARY OF SHARE-BASED COMPENSATION EXPENSE
                              (In millions)

                                                    Three Months Ended
                                                --------------------------
                                                 October 24,   October 25,
                                                    2009          2008
                                                ------------  ------------

Cost of sales -- product                        $         12  $         11
Cost of sales -- service                                  33            31
                                                ------------  ------------
Share-based compensation expense
 in cost of sales                                         45            42
                                                ------------  ------------

Research and development                                  97            94
Sales and marketing                                      113           113
General and administrative                                66            55
                                                ------------  ------------
Share-based compensation expense
 in operating expenses                                   276           262
                                                ------------  ------------
Total share-based compensation expense          $        321  $        304
                                                ------------  ------------

The income tax benefit for share-based compensation expense was $85 million and $82 million for the first quarter of fiscal 2010 and fiscal 2009, respectively.

          RECONCILIATION OF SHARES USED IN THE GAAP AND NON-GAAP
                 DILUTED NET INCOME PER SHARE CALCULATION
                              (In millions)

                                                    Three Months Ended
                                                --------------------------
                                                 October 24,   October 25,
                                                    2009          2008
                                                ------------  ------------
Shares used in diluted net income per share
 calculation -- GAAP                                   5,871         5,972
Effect of share-based compensation expense                 9             7
                                                ------------  ------------
Shares used in diluted net income per share
 calculation -- Non-GAAP                               5,880         5,979
                                                ------------  ------------



             RECONCILIATION OF GAAP TO NON-GAAP COST OF SALES
                          USED IN INVENTORY TURNS
                              (In millions)

                                                Three Months Ended
                                        ----------------------------------
                                        October 24,  July  25,  October 25,
                                           2009        2009        2008
                                        ----------  ----------  ----------
GAAP cost of sales                      $    3,133  $    3,074  $    3,650
  Share-based compensation expense             (45)        (47)        (42)
  Amortization of acquisition-related
   intangible assets                           (44)        (39)        (54)
  Enhanced early retirement benefits            --         (28)         --
                                        ----------  ----------  ----------
Non-GAAP cost of sales                  $   3,044   $    2,960  $    3,554
                                        ----------  ----------  ----------

Verizon Wireless Music Lovers Can Taste the Sweetest LG Chocolate Yet

Thu, 05 Nov 2009 11:11:20 -0500

BASKING RIDGE, N.J., and SAN DIEGO, Nov. 5 /PRNewswire/ -- Verizon Wireless and LG Electronics MobileComm U.S.A., Inc. (LG Mobile Phones) today announced that the LG Chocolate Touch(TM) will be available beginning Nov. 5 in Verizon Wireless Communications Stores and online at www.verizonwireless.com. Equipped with patented Dolby® Mobile, the Chocolate Touch brings a dramatically richer listening experience with its potent bass and sparkling clarity, making it the perfect companion for music lovers.

(Photo: http://www.newscom.com/cgi-bin/prnh/20091105/NY05662)

Music features:

Additional features:

Pricing and availability:

About Verizon Wireless

About LG Electronics, Inc.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 84,000 people working in 115 operations including 84 subsidiaries around the world. With 2008 global sales of USD44.7 billion, LG is comprised of five business units - Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. LG is the world's leading producer of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines. LG has signed a long-term agreement to become both a Global Partner and a Technology Partner of Formula One(TM). As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone and data processor of this global sporting event. For more information, please visit www.lge.com.

About LG Electronics Mobile Communications Company

LG Electronics Mobile Communications Company is a leading global mobile communication and information company. LG creates handsets that provide an optimized mobile experience to customers around the world with its cutting-edge technology and innovative handset design capabilities. Increasingly, LG is pursuing convergence technology and mobile computing products. LG will continue to take leadership in the mobile communication environment with stylish designs and smart technology.

SOURCE Verizon Wireless

Reliability Meets Flexibility With Prepaid Plans for Verizon Wireless' Mobile Broadband Service

Thu, 05 Nov 2009 11:10:55 -0500

BASKING RIDGE, N.J., Nov. 5 /PRNewswire/ -- Verizon Wireless today announced three new Mobile Broadband plans that will be added to the company's Prepaid portfolio. Customers will be able to get speed when they need it on the Verizon Wireless 3G network with pay-as-you-go plans for daily, weekly or monthly access. The new Prepaid options are ideal for those who need access for occasional or seasonal use whether on vacation, enjoying a weekend getaway or for students away at school. Verizon Wireless gives customers the following service options:

Prepaid Mobile Broadband will be sold in a convenient grab-and-go package with the Verizon Wireless USB760 modem for $129.99. The USB760 comes with a high-performance internal antenna, removable memory of up to 8 GB and support for Windows® 2000, XP, Vista and Mac OS X 10.4 (Tiger) or 10.5 (Leopard) or Linux. Prepaid Mobile Broadband will be available in Verizon Wireless Communications Stores beginning Nov. 15 and at select national retailers beginning Nov. 20.

To assist customers in determining their service levels, the following chart provides examples of different applications based on approximate size assumptions. Actual file sizes may vary.

For more information about Mobile Broadband from Verizon Wireless, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or visit www.verizonwireless.com/mobilebroadband.

About Verizon Wireless

SOURCE Verizon Wireless

Rihanna set to Launch New Album, Rated R, Through Ground-Breaking Global Listening Event With Nokia

Thu, 05 Nov 2009 11:10:38 -0500

LOS ANGELES, California, November 5 /PRNewswire-FirstCall/ --

- Rihanna Fans Worldwide Will Join the Superstar for an Exclusive Live, Streamed Performance From London on November 16th 2009

International superstar Rihanna will showcase new material from her highly-anticipated forthcoming album Rated R exclusively to a Nokia (NYSE: NOK) audience via a globally streamed live performance on November 16th 2009. This ground-breaking event in partnership with Nokia will preview tracks from Rated R - set for a November 23rd release worldwide - performed live from a secret London location.

From her breakthrough multi-platinum album A Girl Like Me to her ubiquitous global smash Good Girl Gone Bad, in just a few short years, Rihanna has helped redefine the path of popular music for a new generation. She continues that musical and stylistic journey on one of the most hotly anticipated new albums in recent history, her fourth original studio album, Rated R. Rated R features the sultry, provocative first single "Russian Roulette," which is rocketing up the charts at radio stations across the globe.

This event places Rihanna at the forefront of cutting-edge technology to deliver music and exclusive content to fans, whilst enabling fans to get closer to the live action from wherever they are in the world.

In addition, Nokia will offer of an exclusive version of the new Rated R album via Nokia Music Store, as well as a companion Rihanna application with exclusive footage and other links on Ovi Store.

Rihanna stated, "I am so excited to partner up with Nokia. They are doing some really revolutionary things with this album, enabling me to reach more fans than ever before."

To secure your place in the making of music history, register at http://www.nokia.com/rihanna.

About Nokia

Nokia is a pioneer in mobile telecommunications and the world's leading maker of mobile devices. Today, we are connecting people in new and different ways - fusing advanced mobile technology with personalized services to enable people to stay close to what matters to them. We also provide comprehensive digital map information through NAVTEQ; and equipment, solutions and services for communications networks through Nokia Siemens Networks.

SOURCE Nokia Corporation

Bring An Android Device Home For The Holidays With DROID ERIS By HTC, Exclusively From Verizon Wireless

Phil Goldstein — Thu, 05 Nov 2009 11:10:23 -0500

DROID ERIS by HTC Debuts with Verizon Wireless with HTC Sense Experience and an Ultra-Attractive $99.99 Price

BASKING RIDGE, NJ, and BELLEVUE, WA - Beginning Nov. 6, DROID ERIS^TM by HTC will invade Verizon Wireless Communications Stores across the United States, bringing the power of the Android^TM platform and the Verizon Wireless network together. DROID ERIS by HTC combines the popular Android platform with HTC Sense^TM, a user experience from HTC that makes it easy for customers to stay close to one another and create an individualized mobile experience tailored specifically to their needs.

DROID ERIS by HTC offers customers the opportunity to customize a seven-panel wide home screen with a wide variety of widgets designed to bring the most important information to the surface. DROID ERIS by HTC also includes the innovative "Scenes" feature, which allows customers to create multiple home screens, each with different widgets and shortcuts, to transform DROID ERIS by HTC from a "work" phone to a "play" phone with just a touch of a finger.

DROID ERIS by HTC also organizes interactions by person, which makes it possible to access text messages, e-mails, phone calls and even Flickr streams and Facebook updates from a single contact card.

The unique HTC Sense experience found on DROID ERIS by HTC is supported by an array of the latest mobile features, including:

3.2 inch capacitive touch screen and trackball interface
5.0 megapixel auto focus camera
Expandable memory with pre-installed 8 GB microSD^TM card (up to 16 GB supported)
Supports USB mass storage
Bluetooth®, Wi-Fi and 3.5 mm headset connectivity
Integrated GPS and a digital compass with a sensor that enables the phone to know what direction it is facing
Smart dialer for simplified dialing by name, number or initials
Full HTML browser with Flash Lite capabilities
Seamless compatibility with Google^TM services like Google Maps^TM, Gmail^TM, Google Search^TM and more

DROID ERIS by HTC will be available in Verizon Wireless Communications Stores and online at www.verizonwireless.com on Friday, Nov. 6, for $99.99 after a $100 mail-in rebate with a new two-year customer agreement on a voice plan with an e-mail feature or e-mail plan. Customers will receive the mail-in rebate in the form of a debit card; upon receipt, customers may use the card as cash anywhere debit cards are accepted.

For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to www.verizonwireless.com.

(EDITOR'S NOTE: Media can access high-resolution images of DROID ERIS by HTC in the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.)

About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and 3G data network, serving 89 million customers. Headquartered in Basking Ridge, N.J., with 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

About HTC
HTC Corporation (HTC) is one of the fastest growing companies in the mobile phone industry and continues to pioneer industry-leading mobile experiences through design, usability and innovation that are sparked by how the mobile phone can improve how people live and communicate. The company is listed on the Taiwan Stock Exchange under ticker 2498. For more information about HTC, please visit www.htc.com.

####

Customer Inquiries

For customer inquiries, please call 800-922-0204 or go to
Contact Us

Media Contact Info

Brenda Raney
Brenda.Raney@VerizonWireless.com
908-559-7518

HTC Public Relations
htcpr@waggeneredstrom.com
425-638-7000

Samsung Convoy Joins Verizon Wireless' Fleet of Push to Talk Phones

Thu, 05 Nov 2009 11:09:55 -0500

BASKING RIDGE, N.J., and DALLAS, Nov. 5 /PRNewswire/ -- Verizon Wireless and Samsung Telecommunications America (Samsung Mobile), announce the availability of the Samsung Convoy(TM), a rugged Push to Talk device with military specifications built to withstand the harshest of elements. The Convoy's high-quality stereo speaker, extended battery life and multiple messaging options make it the ideal device to stay connected in the toughest conditions.

Available color: Charcoal grey

(Photo http://www.newscom.com/cgi-bin/prnh/20091105/NY05670 )

Key features:

Lifestyle features:

Price and availability:

About Verizon Wireless

About Samsung Telecommunications America

Samsung Telecommunications America, LLC, a Dallas-based subsidiary of Samsung Electronics Co., Ltd., researches, develops and markets wireless handsets and telecommunications products throughout North America. For more information, please visit www.samsungmobileusa.com.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2008 consolidated sales of US$96 billion. Employing approximately 164,600 people in 179 offices across 61 countries, the company consists of two business units: Digital Media & Communications and Device Solutions. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.

Samsung Mobile is proud to provide ENERGY STAR-qualified power adapters with its mobile phones and accessories. ENERGY STAR-qualified products use less energy, save money, and help protect the environment. Products that have earned the ENERGY STAR meet strict energy-efficiency guidelines set by the U.S. Environmental Protection Agency and the U.S. Department of Energy.

SOURCE Verizon Wireless

RumbaFish Named 'Innovative Application Software Company Under $100M to Watch' by Leading Analyst Firm

Thu, 05 Nov 2009 11:08:28 -0500

PALO ALTO, Calif., Nov. 5 /PRNewswire/ -- RumbaFish Technologies, Inc., the leading provider of real-time, effective, internet marketing for customer engagement, today announced its selection as an "Innovative Application Software Company to Watch Under $100M(i)" by leading IT market research and advisory firm IDC. RumbaFish was one of ten companies recognized that deliver innovative solutions to meet enterprise software application needs.

In IDC's Worldwide Software Business Solutions 2009 Top 10 Predications (IDC #216214, January 2009) report, IDC cited key drivers of rapid change in the software applications industry, such as the acceleration in the adoption of SaaS (software as a service), business process sourcing and open source over traditional on-premise software. The analyst also identified software within a service and Web 2.0-like functionality moving into the enterprise as key drivers. Contributing to this innovation are a group of small companies that have an impact on the IT marketplace and exemplify these trends. IDC's "Companies to Watch" reports are a qualitative evaluation of a set of vendors within a specific market - they are not a stack ranking nor do they represent an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies in the report.

"The software applications industry is in a change cycle fueled by economic conditions, industry consolidation, and three major industry trends," said Michael Fauscette, Group Vice President, Software Business Solutions, IDC. "RumbaFish hits on these key trends and provides innovative technology to help the enterprise build customer engagement through real-time social and online marketing. Engaged customers are more loyal and provide the online equivalent of 'word of mouth' advertising. RumbaFish offers brand evangelization coupled with powerful analytics and the ability to dynamically update campaigns."

RumbaFish is the only SaaS that provides a self-service approach to create, deploy, measure and dynamically update interactive online campaigns into new and existing communications with a mouse click, all from a central location. It gives ecommerce companies a means to sell more products or services by engaging customers on their behalf. It also gives social communities the ability to increase traffic, boost member acquisitions and monetize with advertisers; and online media, brands and agencies a way to drive awareness, test messages or let their audiences join a worthy cause with friends. RumbaFish adds the ability to include incentives to reward and motivate influencers to tweet their way to a good deal or perform certain behaviors that further deepen the level of engagement, such as a boost in click-thru rates, response rates and customer conversion rates.

"We are very excited to be selected as a 'Company to Watch,' by IDC," said Michelle Bonat, CEO and Founder of RumbaFish. "This recognition validates our approach to helping companies more cost-effectively manage their social marketing efforts through smart, multi-platform customer engagement. Our self-service approach to creating and deploying interactive online campaigns gives companies flexibility and power in rewarding audiences for desired behaviors. RumbaFish eliminates the need of an IT professional or the upfront expense and maintenance of a customized solution."

Together with the company's launch at DEMOfall '09, RumbaFish has successfully built momentum, signing a number of key contracts over the past month. "We have built a reputation for capturing the affluent consumer where they are most engaged and have surpassed the WSJ and Forbes' online reach," said RumbaFish customer Skip Brand, CEO of Martini Media Network. "RumbaFish is key in helping us connect premier brands with the active, elite consumers they seek and its Customer Engagement Platform helps us deliver exceptional value to our advertisers, publishers and consumers alike."

About RumbaFish

Based in Silicon Valley, RumbaFish delivers on the promise of real-time, effective internet marketing. It is an integrated online marketing solution with powerful analytics that lets companies create, deploy, analyze and dynamically update interactive marketing campaigns all in one place without the need of an IT professional. RumbaFish offers a solution for every company's budget with its performance-based pricing model to cost-effectively acquire new customers and grow market share. Companies receive a custom solution without downloading or maintaining software, or the costs of IT and software maintenance. RumbaFish builds into its software platform the ability to add an incentive or reward for performing certain marketing behaviors, a viral, "word-of-mouth" component to propagating content, and the ability to measure results and dynamically update campaigns. For more information contact us at gofish@rumbafish.com or visit us at http://www.rumbafish.com/. Why just fish for customers when you can RumbaFish? Sign up for a free 30-day trial!

(i) IDC, Innovative Application Software Companies Under $100 Million to Watch, Doc # 220505, October 2009

SOURCE RumbaFish Technologies, Inc.

Nokia, Island Def Jam Music Group, Universal Music Group International & Superstar Artist Rihanna Announce Breakthrough Global M

Thu, 05 Nov 2009 11:07:47 -0500

LOS ANGELES, November 5 /PRNewswire-FirstCall/ -- Nokia (NYSE: NOK) today announces the launch of a groundbreaking new global music partnership - Nokia Play 2010 - with the Island Def Jam Music Group (IDJMG) and Universal Music Group International (UMGI). This announcement coincides with the global availability of the Nokia X6, a powerful entertainment device in combination with Comes With Music, Nokia's 'all-you-can-eat-music' offering.

Created to deliver unique and exclusive music content to fans around the world, the partnership will see IDJMG & UMGI launch international superstar Rihanna's highly-anticipated new album, Rated R, with Nokia via an exclusive live, streamed concert and simultaneous listening parties in multiple locations around the globe on November 16th 2009.

Streamed live from London, Rihanna will perform for the very first time a select number of tracks from her new album. In front of fans in London and an audience globally, the exclusive gig will showcase Nokia and IDJMG's ability to bring fans closer to artists, and artists closer to fans via its home on http://www.nokia.com/rihanna.

IDJMG, UMGI and Nokia will take advantage of the latest technology solutions to promote and broadcast this unique event via Nokia mobile music, video and communications services. Selected bloggers at the event will record, broadcast and share elements of the exclusive live concert with fans around the globe linking them all via Web-based social computing technologies. Fan participation to the groundbreaking live event will be free of charge from Nokia Music Stores. Plus Nokia Comes With Music customers will be able to download an exclusive version of Rated R with a bonus track, remix and other additional content free as part of their subscription. Nokia will also make available an exclusive Rihanna application and exclusive footage from her London gig in Ovi Store and in selected territories an exclusive window to a track, 'Wait Your Turn' from the album before its release.

The announcement marks the first unique music partnership of its kind for Nokia and delivers an exciting artist connection to fans across the globe.

Liz Schimel, Head of Global Music, Nokia, said; "Nokia is extremely excited to collaborate with Island Def Jam and Rihanna to truly redefine the connection between artists and fans and to deliver unique experience and content across the globe. History will be made on November 16th when Rihanna performs for a global audience via Nokia's live streamed concert to officially mark the launch of her much anticipated new album."

"We are thrilled to join forces with Nokia for this innovative, global partnership, one that seamlessly merges technology and artistry in a truly unique way," said Steve Bartels, President & COO, Island Def Jam Music Group. "Alongside our chairman L.A. Reid, we continually challenge ourselves to develop new and creative strategies to market our artists in this rapidly changing business environment. With her technologically savvy fan-base and her remarkable history with the digital and mobile platforms, Rihanna is the perfect artist to launch this groundbreaking initiative."

About Nokia

http://www.nokia.com

SOURCE Nokia Corporation

Rihanna set to Launch New Album, Rated R, Through Ground-Breaking Global Listening Event With Nokia

Jason Ankeny — Thu, 05 Nov 2009 10:36:09 -0500

 International superstar Rihanna will showcase new material from her
highly-anticipated forthcoming album Rated R exclusively to a Nokia (NYSE:
NOK) audience via a globally streamed live performance on November 16th 2009.
This ground-breaking event in partnership with Nokia will preview tracks from
Rated R - set for a November 23rd release worldwide - performed live from a
secret London location.
    From her breakthrough multi-platinum album A Girl Like Me to her
ubiquitous global smash Good Girl Gone Bad, in just a few short years,
Rihanna has helped redefine the path of popular music for a new generation.
She continues that musical and stylistic journey on one of the most hotly
anticipated new albums in recent history, her fourth original studio album,
Rated R. Rated R features the sultry, provocative first single "Russian
Roulette," which is rocketing up the charts at radio stations across the
globe.
    This event places Rihanna at the forefront of cutting-edge technology to
deliver music and exclusive content to fans, whilst enabling fans to get
closer to the live action from wherever they are in the world.
    Rihanna fans can:

    - Sign up to watch the live stream.
    - Invite their friends to watch the performance simultaneously with them
      through Facebook and Twitter.
    - Download a web widget counting down to the live performance.
    - Download an exclusive Rihanna mobile application from Nokia's Ovi
      Store.
    - Download the album with an exclusive track either to their PC or over
      the air to mobile from Nokia Music Store or Comes With Music.


    In addition, Nokia will offer of an exclusive version of the new Rated R
album via Nokia Music Store, as well as a companion Rihanna application with
exclusive footage and other links on Ovi Store.
    Rihanna stated, "I am so excited to partner up with Nokia. They are doing
some really revolutionary things with this album, enabling me to reach more
fans than ever before."
    To secure your place in the making of music history, register at
http://www.nokia.com/rihanna.
    About Nokia
    Nokia is a pioneer in mobile telecommunications and the world's leading
maker of mobile devices. Today, we are connecting people in new and different
ways - fusing advanced mobile technology with personalized services to enable
people to stay close to what matters to them. We also provide comprehensive
digital map information through NAVTEQ; and equipment, solutions and services
for communications networks through Nokia Siemens Networks.
SOURCE  Nokia Corporation

Mogreet Debuts First-Ever Mobile Video Marketing Platform Across All Top U.S. Carriers Including Verizon, AT&T, Sprint & T-Mobil

Jason Ankeny — Thu, 05 Nov 2009 10:21:19 -0500

Mogreet, the company behind the
world's first mobile video messaging platform, today announced the debut of
its game-changing mobile marketing solution, the Mogreet Mobile Video
Marketing Platform. Mogreet's platform can deliver short format videos to more
than 200 million U.S. mobile devices, while measuring the effectiveness and
ROI of each campaign in real-time. Mogreet clients routinely experience open
rates, video views and click-through rates 15 to 25 times higher than other
forms of advertising media. And by virtue of the fact that mobile customers
react to text messages in 20 seconds on average -- versus hours or days for
email -- brands see results almost instantly.  Marketers also benefit from the
inherent virality of Mogreet Mobile Video Marketing, as mobile messages can
simply and easily be shared amongst friends, which can result in 5 to 10 times
additional reach.

"It's 1993 all over again ... only this time, rather than email, the race is
on to harness mobile to build a direct relationship with the end consumer,"
commented James Citron, CEO, Mogreet.  "The ability to deliver your message in
video to just about every mobile phone in the U.S., and not just smart phones
with Internet plans, means marketers are not forced to sacrifice reach when
they add mobile to their marketing mix."

"Over 150 million U.S. consumers do not own a smartphone, and most have never
seen a video on their mobile phone. With Mogreet, we have designed a way to
reach these consumers and enable brands to communicate in rich, engaging
media, creating an iPhone-like experience across all major cell networks and
phones, " explained Jay Goss, Senior Vice President of Sales and Marketing,
Mogreet.

Mogreet is expanding marketers' reach by harnessing the power of over
four-billion text messages sent each day in the United States from consumers
of all ages, including adults 35-44 who now send more texts than place calls. 
Mogreet's platform has been utilized by leading brands in numerous verticals
from hospitality -- including the launch of a sixty-property line of hip
hotels -- to apparel, retail and entertainment, with four #1 box office film
releases. 

For additional information, please visit www.mogreet.com, or text 'Media' to
21534. 

About Mogreet
Mogreet is the world's first mobile video marketing platform, enabling
marketers to combine the expressiveness of video with the ubiquity of text
messaging to create the most effective way to communicate to over 200-million
mobile phones across all major carriers in the United States.  Founded in
2006, the company has raised $7MM USD in venture capital from Ascend Venture
Group, Black Diamond Ventures, DFJ Frontier and Spyglass Ventures.  Mogreet is
headquartered in Venice, California.