MOSAID Presents Patent Opportunity

MOSAID Technologies Inc. Today announced that it will host a conference call on Thursday, March 1, 2007 at 10 a.m. EST to present its full assessment of the wireless patent portfolio recently acquired from Agere Systems and the significant opportunity it affords the Company.

MOSAID today is also correcting its guidance for the fourth quarter of fiscal 2007 with respect to its level of R&D expense, which did not properly account for expense reductions as a result of the announced restructuring.

As a consequence, R&D expense is expected to be approximately $600,000 lower than guidance, with the resulting positive impact on operating profits of like amount, and improved net earnings of approximately $400,000. Accordingly, the guidance for net income for the fourth quarter of fiscal 2007 is increased to $5.9 million to $6.9 million.

MOSAID also corrected the date of record for its declaration of dividend. The quarterly dividend of $0.25 per share is payable on April 20, 2007 to shareholders of record as of April 2, 2007. -- www.cnxmarketlink.com