Taiwan-based headset maker Merry Electronics expects its consolidated revenues to grow 15-20% sequentially to a new high in the third quarter of this year.

Shipment schedules of new products for the second half of the year are on track and have not been affected by growing concerns of global economic uncertainty, said sources at Merry.

New products to be delivered starting the second half include two hands-free headsets, three speakers and two Bluetooth headsets, the sources noted.

Based on Merry’s second-quarter consolidated revenues of NT$2.15 billion (US$70.7 million), the company’s revenues are expected to top a record high of NT$2.58 billion in the third quarter compared to the previous high of NT$2.5 billion recorded in the fourth quarter of 2007, according to estimates by market sources.

source

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Simple user interface for comfortable call handling (accept/reject/end call/volume control)
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Integrated microphone and speaker
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Power Indicator

Model:
HTC Touch Diamond
HTC Diamond 100
HTC P3700
O2 xda Diamond

Market share gains and strong profitability drive EPS growth (excluding special items)

Nokia Corporation
Interim report
July 17, 2008 at 13.00 (CET +1)

OLLI-PEKKA KALLASVUO, NOKIA CEO:
“Nokia delivered increased device market share and strong underlying profitability in the quarter. Looking at the rest of the year, we are optimistic and have had good feedback about the broad range of new products we expect to sell in our device business. In the second quarter we saw good momentum in the early stages of our services and software business, and we believe that the next wave of growth will be driven by devices linked with services. On the infrastructure side, Nokia Siemens Networks delivered a second quarter with good net sales growth and improved profitability.”

INDUSTRY AND NOKIA OUTLOOK
- Nokia expects industry mobile device volumes in the third quarter 2008 to be up sequentially.
- Nokia expects its mobile device market share in the third quarter 2008 to be approximately at the same level sequentially.
- Nokia now expects industry mobile device volumes in 2008 to grow 10% or more from the approximately 1.14 billion units Nokia estimated for 2007. This is an update to Nokia’s earlier estimation that industry mobile device volumes would grow approximately 10% in 2008.
- Nokia continues to target an increase in its market share in mobile devices in 2008.
- Nokia and Nokia Siemens Networks continue to target for Nokia Siemens Networks market share to remain constant in 2008, compared to 2007.
- Nokia and Nokia Siemens Networks continue to expect the mobile infrastructure and fixed infrastructure and related services market to be flat in Euro terms in 2008, compared to 2007.
- Nokia and Nokia Siemens Networks continued cost synergy target for Nokia Siemens Networks is to achieve substantially all of the EUR 2.0 billion of targeted annual cost synergies by the end of 2008, as previously announced.

OUTLOOK FOR FINANCIAL IMPACT OF NAVTEQ
Nokia expects NAVTEQ to be slightly dilutive to EPS in 2008, approximately neutral in 2009 and accretive thereafter, excluding purchase price accounting related items arising from the NAVTEQ acquisition. On a reported basis, Nokia expects NAVTEQ to be slightly dilutive to EPS in 2008, 2009 and 2010, and accretive thereafter. Nokia currently expects to recognize approximately EUR 2 billion of intangibles related primarily to the navigable map database and customer relationships. We expect these intangibles to be amortized over approximately five years. Net of deferred taxes, we expect the impact on our Consolidated Profit and Loss Account of the purchase price accounting related items arising from the NAVTEQ acquisition to be approximately EUR 250 million on an annual basis.

Q2 2008 FINANCIAL HIGHLIGHTS
(Comparisons are given to the second quarter 2007 results, unless otherwise indicated.)

Nokia Group
Nokia’s second quarter 2008 net sales increased 4% to EUR 13.2 billion, compared with EUR 12.6 billion in the second quarter 2007. At constant
currency, group net sales would have increased 11% year on year and 7% sequentially.

The following chart sets out the year on year and sequential growth rates in our net sales on a reported basis and at constant currency for the periods indicated.

The complete press release with tables is available at http://www.nokia.com/results/results2008Q2e.pdf.

Tokyo, July 17, 2008 - Sony Corporation, Canon Inc., Eastman Kodak Company, Hitachi Ltd., Victor Company of Japan, KDDI Corporation, Kenwood Corporation, Matsushita Electric Industrial Co., Ltd. (Panasonic), Nikon Corporation, Olympus Imaging Corporation, Pioneer Corporation, SAMSUNG ELECTRONICS CO., LTD., Seiko Epson Corporation, Sony Ericsson Mobile Communications, Toshiba Corporation today announced an agreement to form a consortium to develop specifications for interconnecting products using “TransferJet” a new interoperable wireless transfer technology that enables rapid transfer of high resolution video, music and images. The “TransferJet Consortium” (www.transferjet.org) plans to promote a wide range of products and services incorporating TransferJet technology with the aim of accelerating its adoption throughout the consumer electronics industry.

TransferJet wireless technology enables a high speed data transmission rate of 560Mbps, while eliminating the need for complex setup and operation. Directly touching two compliant electronic products together allows files to be transferred automatically, without the need for an access point. For example, touching a TV with a digital camera enables photos to be instantaneously displayed on the TV screen. Alternatively, downloaded music content can be easily enjoyed by touching a mobile phone to a portable audio player. TransferJet can be used as a universal interface across all consumer electronics devices.

The “TransferJet Consortium” will develop specifications and guidelines ensuring interoperability between products incorporating the technology, establish licensing schemes and administer the use of the TransferJet logo. The Consortium will also promote the advantages across industries and to consumers. Through these initiatives, the Consortium will aim to create and expand the market for TransferJet products.

”TransferJet Consortium” Members (as of July 17 2008)

Sony Corporation (”TransferJet Consortium” Administration)
Canon Inc.
Eastman Kodak Company
Hitachi Ltd.,
Victor Company of Japan
KDDI Corporation
Kenwood Corporation
Matsushita Electric Industrial Co., Ltd. (Panasonic)
Nikon Corporation
Olympus Imaging Corporation
Pioneer Corporation
SAMSUNG ELECTRONICS CO., LTD.
Seiko Epson Corporation
Sony Ericsson Mobile Communications
Toshiba Corporation

Contacts for “TransferJet Consortium”
URL: www.transferjet.org

Broadband technologies from Motorola receive world recognition

BROADBAND WORLD FORUM ASIA 2008, HONG KONG – 17 July, 2008 – Motorola, Inc. (NYSE:MOT) today announced that two of its innovative broadband solutions have been awarded the InfoVision Award, presented by the International Engineering Consortium (IEC) at the Broadband World Forum Asia 2008.

Judged by a panel of industry experts ranging from vendor companies to service providers and industry associations, Motorola’s CPEi 750 Desktop CPE and VODxchange™ VOD Content Creation System were recognized as best and most innovative products in their respective categories.

The InfoVision Award recognizes technologies, applications, products, advances and services judged to be the most unique and beneficial to the telecommunications industry and consumers.

“We are honored to win these prestigious awards and to be recognized for the innovative work we have done in the broadband area,” said Drina Yue, vice president, Region Management, Asia Pacific, Home & Networks Mobility, Motorola Asia Pacific Limited. “These successes reiterate Motorola’s expertise in home and network communications, and are further evidence of our leadership in delivering media mobility experiences to users.”

The InfoVision awards that Motorola have won include:

Motorola WiMAX CPEi 750 Desktop CPE in Broadband Appliances, Devices, and Home Networking category
Motorola WiMAX CPEi 750 Desktop offers a 2.5 GHz and 3.5 GHz bands WiMAX solution tailored to appeal to all subscribers of operators. With exceptional ease of use and sleek styling, CPEi 750 is WiMAX Wave 2 ready as with VoIP capabilities built in. It delivers fast, reliable, high-speed wireless Internet connectivity without the waiting for installation, complex configuration and operator intervention.

Motorola VODxchange™ VOD Content Creation System in Network and Services Management and Operations category
The next generation encoder platform Motorola VODxchange VOD Content Creation System ingests digital and analog video content and transcodes a wide range of file formats to create ready-to-deliver MPEG-4 AVC files for on-demand services. It offers real-time HD, SD and low resolution compression options to support distribution to the widest range of service types, including the Internet, set tops and mobile devices. The system also provides a real time monitoring and quality control tool to ensure that content is created with the highest visual quality and standards compliance.

For more news and information about Motorola at the Broadband World Forum Asia 2008, please visit: www.motorola.com/events/broadbandforum.