-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RONpCg1PzdPmgVaJzTTxip/pi2joSvSETLjrsrDfE5J5WqiRDBg39Ohh2Sv6FpKI
 sVPtMjoRfgHP/Gvbex6TOQ==

<SEC-DOCUMENT>0001171843-08-000882.txt : 20081104
<SEC-HEADER>0001171843-08-000882.hdr.sgml : 20081104
<ACCEPTANCE-DATETIME>20081103180040
ACCESSION NUMBER:		0001171843-08-000882
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20081103
FILED AS OF DATE:		20081104
DATE AS OF CHANGE:		20081103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Himax Technologies, Inc.
		CENTRAL INDEX KEY:			0001342338
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51847
		FILM NUMBER:		081158668

	BUSINESS ADDRESS:	
		STREET 1:		10TH FLOOR, NO. 605, CHUNGSHAN ROAD
		STREET 2:		HSINHUA, TAINAN COUNTY 712
		CITY:			TAIWAN
		STATE:			F5
		ZIP:			-
		BUSINESS PHONE:		866 (6) 505-0880

	MAIL ADDRESS:	
		STREET 1:		10TH FLOOR, NO. 605, CHUNGSHAN ROAD
		STREET 2:		HSINHUA, TAINAN COUNTY 712
		CITY:			TAIWAN
		STATE:			F5
		ZIP:			-
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_110308.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<body bgcolor="#ffffff">
		<p><b><font size="4">UNITED STATES<br>
					SECURITIES AND EXCHANGE COMMISSION</font><br>
				Washington, D.C. 20549</b></p>
		<div align="center">
			<p><b><font size="4">FORM 6-K</font></b></p>
			<p><b>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</b></p>
			<p><font size="2">For the month of <b>November 2008</b>.</font></p>
			<p><font size="2">Commission File Number: <b>000-51847</b></font></p>
			<p><font size="4"><b>Himax Technologies, Inc.</b></font><br>
				<font size="2">(Translation of registrant's name into English)</font></p>
			<p><b>No.26, Zih Lian Road, Fonghua Village,<br>
					Sinshih Township, Tainan County 744<br>
					Taiwan, Republic of China</b><br>
				<font size="2">(Address of principal executive office)</font></p>
		</div>
		<p><font size="2">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br>
				Form 20-F [ x ] &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F [ &nbsp; ]</font></p>
		<p><font size="2">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____</font></p>
		<p><font size="2"><b>Note:</b> Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</font></p>
		<p><font size="2">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____</font></p>
		<p><font size="2"><b>Note:</b> Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's &quot;home country&quot;), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.</font></p>
		<p><font size="2">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ &nbsp;] &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No [ &nbsp;]</font></p>
		<p><font size="2">If &quot;Yes&quot; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-____.</font></p>
		<hr noshade="1">
		<p><font size="2">On November 3, 2008 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and Exhibit 99.2 and is incorporated herein by reference.<br>
			<br>
			<br>

				(c) &nbsp; &nbsp; Exhibit 99.1. Press release dated November 3, 2008</font></p>
		<p><font size="2">(d) &nbsp; &nbsp; Exhibit 99.2. Press release dated November 3, 2008</font></p>
		<p><font size="2">(e) &nbsp; &nbsp; Exhibit 99.3. Conference Call Transcript</font></p>
		<hr noshade="1">
		<b><font size="2">SIGNATURES</font></b>
		<p><font size="2">Pursuant to the requirements of the Securities Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. </font></p>
		<table cellpadding="0" border="0" width="100%" cellspacing="0">
			<tr valign="top">
				<td width="47%">&nbsp;</td>
				<td width="6%">&nbsp;</td>
				<td width="47%" align="center"><b><u>Himax Technologies, Inc.</u></b><br>
					<font size="2">(Registrant)</font><br>
					<br>
				</td>
			</tr>
			<tr valign="top">
				<td width="47%"><font size="2">Date: November 3, 2008</font></td>
				<td width="6%">&nbsp;</td>
				<td width="47%" align="center"><font size="2"><b><u>/s/ MAX CHAN</u></b><br>
						Max Chan<br>
						<i>Chief Financial Officer</i></font></td>
			</tr>
		</table>
		<div align="center">
			<p></p>
		</div>
	</body>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title>Himax Reports Third Quarter 2008 Financial Results</title>
  </head>
  <body><p align="right">EXHIBIT 99.1</p><h3 align="center">Himax Reports Third Quarter 2008 Financial Results</h3>
<pre>


 Third Quarter 2008 Highlights:

 * Small- and medium-sized display drivers achieved record highs in
   both revenue and percentage of total revenues
 * Became Taiwan's largest display driver vendor for small-and
   medium-sized TFT-LCD applications
 * Non-driver business achieved record highs in revenue and percentage
   of total revenues
</pre>
<p>
TAINAN, Taiwan, Nov. 3, 2008 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. ("Himax" or "Company") (Nasdaq:HIMX) today reported financial results for the third quarter ended September 30, 2008.
</p>
<p>
For the third quarter 2008, Himax reported net revenues of $230.1 million, representing a 5.5% decrease over $243.3 million for the third quarter of 2007 and a 6.8% decrease over the $246.9 million for the second quarter of 2008.
</p>
<p>
Gross margin was 24.5% in the third quarter of 2008, up 2 percentage points year-over-year and down 1 percentage point sequentially.
</p>
<p>
Operating income was $15.0 million, down 24.7% from $19.9 million in the same period last year, and down 57.0% from $34.8 million in the previous quarter.
</p>
<p>
Net income for the third quarter of 2008 was $17.7 million or $0.09 per diluted share, down from $21.8 million or $0.11 per diluted share in the third quarter of 2007, and down from $37.7 million or $0.20 per diluted share in the second quarter of 2008.
</p>
<p>
Excluding share-based compensation and acquisition-related charges, non-GAAP operating income was $30.6 million, down from $36.2 million in the same period last year, and down from $37.8 million in the previous quarter.
</p>
<p>
Non-GAAP net income was $32.5 million or $0.17 per diluted share, down from $37.4 million or $0.19 per diluted share in the third quarter of 2007, and down from $39.8 million from $0.21 per diluted share in the second quarter of 2008.
</p>
<p>
Reconciliation of gross margin, operating margin, net income and diluted EPS excluding share-based compensation and acquisition-related charges, a non-GAAP financial measure, to GAAP gross margin, GAAP operating margin, GAAP net income and diluted GAAP EPS, most comparable GAAP figure, is set out in the attached reconciliation schedule.
</p>
<p>
Jordan Wu, President and Chief Executive Officer of Himax, commented, "The third quarter of 2008 was a remarkable quarter for our small- and medium-sized display drivers and non-driver businesses. Both achieved record highs in revenues and percentage of total revenues. Our small- and medium-sized drivers accounted for 21.0% of total revenues this quarter, compared to 12.4% last quarter. During the third quarter there was strong demand for our handset display drivers from both the Chinese market and the worldwide brands. Many of the recently launched, well-known, high-end cell phones have Himax display drivers inside. On top of that, during the third quarter we became Taiwan's largest display driver vendor for small- and medium-sized TFT-LCD applications."
</p>
<p>
Mr. Wu continued, "We've also made great progress in non-driver products. Our non-driver products accounted for 6.6% of total revenues this quarter, compared with 5.4% last quarter. Backed by our strong balance sheet, we remain fully committed to our long-term goal of being the world's leading semiconductor solution provider in the flat panel display industry. We became a world leader in display driver market which is a major step toward achieving our goal. TV and monitor chipsets and LCOS pico projector product lines will continue to be essential areas for us to broaden our product portfolio. Following years of R&amp;D, we have not only commenced commercial production in both areas, we believe our product offerings are competitive and we are well-positioned in those markets. We anticipate that both product lines will bring increasingly positive contributions to our top and bottom lines next year."
</p>
<p>
Looking forward, Mr. Wu added, "We anticipate another challenging quarter resulting from the tightening credit and consumer weakness in the global economy. All of our customers have announced plans to further reduce capacity utilization in the fourth quarter which has negatively impacted our near-term revenue and profit outlook. We expect fourth quarter revenues to decline by 23-28% sequentially, gross margin to decline by 2-3 percentage points and GAAP EPS to be in the range of $0.06-0.08. Given the limited visibility we are facing, our actual fourth quarter results could depart from what we state today, with both upside and downside risks."
</p>
<p>
Investor Conference Call / Webcast Details
</p>
<p>
The Company's management will review detailed third quarter 2008 results on Monday, November 3, 2008 at 6:00 PM EST (7:00 AM, Tuesday, November 4, Taiwan time). The conference dial-in numbers are +1-201-689-8560 (international) and +1-877-407-0784 (U.S. domestic). A live webcast of the conference call will be available on the Company's website at www.himax.com.tw. The playback will be available beginning two hours after the conclusion of the conference call and will be accessible by dialing +1-201-612-7415 (international) and 1-877-660-6853 (U.S. domestic). The account number to access the replay is 3055 and the confirmation ID number is 299513.
</p>
<p>
About Himax Technologies, Inc.
</p>
<p>
Himax Technologies, Inc. designs, develops, and markets semiconductors that are critical components of flat panel displays. The Company's principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solution, power management ICs and LCOS microdisplays. Based in Tainan, Taiwan, the Company has regional offices in Hsinchu and Taipei, Taiwan; Ninbo, Foshan, Suzhou and Shenzhen, China; Yokohama, Japan; Anyangsi Kyungkido, and Matsusaka, South Korea; and Irvine California, USA.
</p>
<p>
Forward-Looking Statements: Certain statements in this press release, including statements regarding expected future financial results and industry growth, are forward-looking statements that involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this press release. Factors that could cause actual results to differ include, but not limited to, general business and economic conditions and the state of the semiconductor industry; level of competition; demand for end-use applications products; reliance on a small group of principal customers; continued success in technological innovations; development of alternative flat panel display technologies; ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; shortages in supply of key components; changes in environmental laws and regulations; exchange rate fluctuations; regulatory approvals 
for further investments in our subsidiaries; and other risks described from time to time in the Company's SEC filings, including those risks identified in the section entitled "Risk Factors" in its Form 20-F for the year ended December 31, 2007 filed with SEC on June 20, 2008, as amended. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
</p>
<pre>


                       Himax Technologies, Inc.
          Unaudited Condensed Consolidated Statements of Income
 (These interim financials do not fully comply with U.S. GAAP because
        they omit all interim disclosure required by U.S. GAAP)
    (Amounts in Thousands of U.S. Dollars, Except Per Share Data)

                                                                Three
                                                Three Months   Months
                                                   Ended        Ended
                                                September 30,  June 30,
                                               2008     2007     2008
                                             -------  -------  -------

 Revenues
  Revenues from third parties, net           $95,468  $91,960  $92,430
  Revenues from related parties, net         134,598  151,377  154,437
                                             -------  -------  -------
                                             230,066  243,337  246,867
                                             -------  -------  -------

 Costs and expenses:
  Cost of revenues                           173,761  188,626  183,797
  Research and development                    30,551   26,171   20,532
  General and administrative                   6,427    4,891    5,105
  Sales and marketing                          4,341    3,758    2,622
                                             -------  -------  -------
   Total costs and expenses                  215,080  223,446  212,056
                                             -------  -------  -------

 Operating income                             14,986   19,891   34,811
                                             -------  -------  -------

 Non operating income (loss):

 Interest income                                 714    1,429      924
 Foreign exchange losses, net                 (1,089)     (29)    (522)
 Other income, net                               342      166      762
                                             -------  -------  -------
                                                 (33)   1,566    1,164
                                             -------  -------  -------
 Earnings before income taxes
  and minority interest                       14,953   21,457   35,975
   Income tax benefit                         (1,697)      --     (702)
                                             -------  -------  -------
 Income before minority interest              16,650   21,457   36,677
   Minority interest, net of tax               1,036      316    1,037
                                             -------  -------  -------
 Net income                                  $17,686  $21,773  $37,714
                                             =======  =======  =======

 Basic earnings per ordinary share and ADS     $0.09    $0.11    $0.20
                                             =======  =======  =======
 Diluted earnings per ordinary share and ADS   $0.09    $0.11    $0.20
                                             =======  =======  =======

 Basic Weighted Average Outstanding Shares   191,306  197,690  191,301
 Diluted Weighted Average Outstanding Shares 191,629  197,733  192,552



                        Himax Technologies, Inc.
              Unaudited Supplemental Financial Information
                 (Amounts in Thousands of U.S. Dollars)

                                                                Three
 The amount of share-based compensation        Three Months    Months
  included in applicable statements of            Ended         Ended
  income categories is summarized              September 30,   June 30,
  as follows:                                  2008     2007     2008
                                             -------  -------  -------
 Share-based compensation
   Cost of revenues                             $365     $355      $28
   Research and development                   10,558   11,795    1,935
   General and administrative                  2,141    1,718      232
   Sales and marketing                         1,998    1,842      244
   Income tax benefit                           (634)    (622)      --
                                             -------  -------  -------
 Total                                       $14,428  $15,088   $2,439
                                             =======  =======  =======

 The amount of acquisition-related charges
  included in applicable statements of
  income categories is summarized
  as follows:

   Research and development                     $239     $250     $239
   Sales and marketing                           290      304      289
   Income tax benefit                           (162)      --     (920)
                                             -------  -------  -------
 Total                                          $367     $554    $(392)
                                             =======  =======  =======



                       Himax Technologies, Inc.
        Unaudited Condensed Consolidated Statements of Income
     (Amounts in Thousands of U.S. Dollars, Except Per Share Data)

                                                     Nine Months Ended

                                                       September 30,
                                                      2008      2007
                                                    --------  --------
 Revenues
  Revenues from third parties, net                  $265,359  $270,072
  Revenues from related parties, net                 443,162   381,039
                                                    --------  --------
                                                     708,521   651,111
                                                    --------  --------

 Costs and expenses:
  Cost of revenues                                   530,507   514,908
  Research and development                            71,629    56,299
  General and administrative                          15,402    11,113
  Sales and marketing                                  9,521     7,254
                                                    --------  --------
 Total costs and expenses                            627,059   589,574
                                                    --------  --------

 Operating income                                     81,462    61,537
                                                    --------  --------

 Non operating income (loss):

 Interest income                                       2,415     4,325
 Foreign exchange losses, net                           (241)     (483)
 Other income, net                                     1,196       367
                                                    --------  --------
                                                       3,370     4,209
                                                    --------  --------
 Earnings before income taxes and minority interest   84,832    65,746
   Income tax benefit                                 (1,697)       --
                                                    --------  --------
 Income before minority interest                      86,529    65,746
   Minority interest, net of tax                       3,008       888
                                                    --------  --------
 Net income                                          $89,537   $66,634
                                                    ========  ========

 Basic earnings per ordinary share and ADS             $0.47     $0.34
                                                    ========  ========
 Diluted earnings per ordinary share and ADS           $0.47     $0.34
                                                    ========  ========

 Basic Weighted Average Outstanding Shares           191,383   197,671
 Diluted Weighted Average Outstanding Shares         191,869   197,834



                        Himax Technologies, Inc.
              Unaudited Supplemental Financial Information
                 (Amounts in Thousands of U.S. Dollars)

 The amount of share-based compensation included in
  applicable statements of income categories         Nine Months Ended
  is summarized as follows:                            September 30,
                                                      2008      2007
                                                    --------  --------
 Share-based compensation
  Cost of revenues                                      $421      $405
  Research and development                            14,365    14,183
  General and administrative                           2,606     2,020
  Sales and marketing                                  2,483     2,154
  Income tax benefit                                   (634)      (622)
                                                    --------  --------
 Total                                               $19,241   $18,140
                                                    ========  ========

 The amount of acquisition-related charges included
  in applicable statements of income categories
  is summarized as follows:

  Research and development                              $718    $2,273
  Sales and marketing                                    868       810
  Income tax benefit                                  (1,082)       --
                                                    --------  --------
 Total                                                  $504    $3,083
                                                    ========  ========



                       Himax Technologies, Inc.
          Unaudited Condensed Consolidated Balance Sheets
   (Amounts in Thousands of U.S. Dollars, Except Per Share Data)

                                          Sept 30,  June 30,  Dec 31,
                                            2008      2008      2007
                                          --------  --------  --------
 Assets
 Current assets:
  Cash and cash equivalents               $123,139   $90,404   $94,780
  Marketable securities
   available-for-sale                        8,973    10,638    15,208
  Restricted marketable securities           2,113     2,066        97
  Accounts receivable, less allowance
   for doubtful accounts, sales returns
   and discounts                           105,403   105,690    88,682
  Accounts receivable from related
   parties, less allowance for doubtful
   accounts, sales returns and discounts   145,612   173,539   194,902
  Inventories                              115,411   131,377   116,550
  Deferred income taxes                     12,776    13,546    12,684
  Prepaid expenses and
   other current assets                     13,814     9,828    15,369
                                          --------  --------  --------
 Total current assets                     $527,241  $537,088  $538,272
                                          --------  --------  --------
 Property, plant and equipment, net         47,808    47,368    46,180
 Deferred income taxes                      20,893    22,153    20,714
 Goodwill                                   26,878    26,878    26,878
 Intangible assets, net                     11,114    11,650    12,721
 Investments in non-marketable securities   11,619    11,619     7,138
 Refundable deposits
  and prepaid pension costs                    876       938       859
                                          --------  --------  --------
                                           119,188   120,606   114,490
                                          --------  --------  --------
 Total assets                             $646,429  $657,694  $652,762
                                          ========  ========  ========

 Liabilities, Minority Interest
  and Stockholders' Equity
 Current liabilities:

  Accounts payable                        $120,846  $152,754  $147,221
  Income tax payable                        12,511    14,945    19,147
  Other accrued expenses
   and other current liabilities            25,073    19,799    19,231
                                          --------  --------  --------
   Total current liabilities              $158,430  $187,498  $185,599
 Accrued pension liabilities                  $220      $234      $218
 Deferred income taxes                      $3,488    $3,627    $4,547
                                          --------  --------  --------
   Total liabilities                      $162,138  $191,359  $190,364
                                          --------  --------  --------
 Minority interest                          $6,287    $7,185   $11,089
                                          --------  --------  --------
 Stockholders' equity:
  Ordinary shares, US$0.0001 par value,
   500,000,000 shares authorized;
   192,488,685, 190,910,649, and
   191,979,691 shares issued and
   outstanding at September 30, 2008,
   June 30, 2008, and December 31, 2007,
   respectively                                 19        19        19
  Additional paid-in capital               240,006   237,788   235,894
  Accumulated other
   comprehensive income(loss)                 (144)      906        (7)
  Unappropriated retained earnings         238,123   220,437   215,403
                                          --------  --------  --------
 Total stockholders' equity               $478,004  $459,150  $451,309
                                          --------  --------  --------
 Total liabilities, minority interest
  and stockholders' equity                $646,429  $657,694  $652,762
                                          ========  ========  ========



                      Himax Technologies, Inc.
     Unaudited Condensed Consolidated Statements of Cash Flows
             (Amounts in Thousands of U.S. Dollars)

                                                               Three
                                                               Months
                                              Three Months     Ended
                                          Ended September 30, June 30,
                                            2008      2007      2008
                                          --------  --------  --------

 Cash flows from operating activities:
 Net income                                $17,686   $21,773   $37,714
 Adjustments to reconcile net income to
  net cash provided by operating
  activities:
  Depreciation and amortization              3,102     2,755     3,067
  Share-based compensation expenses          2,347     1,284     2,439
  Minority interest, net of tax             (1,036)     (316)   (1,037)
  Loss (gain) on disposal of property,
   plant and equipment                          12       (16)       78
  Gain on sale of subsidiary shares and
   investments in non-marketable
   securities, net                            (217)     (112)      (91)
  Gain on sale of marketable
   securities, net                             (82)      (31)     (648)
  Deferred income taxes                      1,834        --      (989)
  Inventories write downs                    3,626     3,565     5,944
 Changes in operating assets
  and liabilities:
  Accounts receivable                          240    15,850   (19,879)
  Accounts receivable
   from related parties                     27,221   (40,994)    6,327
  Inventories                               11,875    (4,333)  (14,783)
  Prepaid expenses and
   other current assets                     (1,163)   (2,966)     (455)
  Accounts payable                         (31,236)  (10,949)   17,481
  Income tax payable                        (2,434)       --    (6,162)
  Other accrued expenses and other
   current liabilities                       2,414      (114)      314
                                          --------  --------  --------
   Net cash provided by (used in)
    operating activities                    34,189   (14,604)   29,320
                                          --------  --------  --------

 Cash flows from investing activities:
  Purchase of property,
   plant and equipment                      (2,825)   (2,500)   (3,038)
  Proceeds from sale of property,
   plant and equipment                          --         3        --
  Purchase of available-for-sale
   marketable securities                   (18,580)   (12,144)  (6,275)
  Sales and maturities of
   available-for-sale marketable
   securities                               19,944     9,404    11,508
  Proceeds from sale of subsidiary
   shares by Himax Technologies
  Limited                                      472       144       182
  Purchase of investments in
   non-marketable securities                    --      (750)       --
  Purchase of subsidiary shares
   from minority interest                      (88)     (112)     (205)
  Decrease (increase) in
   refundable deposits                          24       (15)      (81)
  Pledge of restricted
   marketable securities                       (47)       --       (17)
                                          --------  --------  --------
   Net cash provided by (used in)
    investing activities                    (1,100)   (5,970)    2,074
                                          --------  --------  --------


                        Himax Technologies, Inc.
        Unaudited Condensed Consolidated Statements of Cash Flows
                 (Amounts in Thousands of U.S. Dollars)

                                                               Three
                                                               Months
                                             Three Months      Ended
                                          Ended September 30, June 30,
                                            2008      2007      2008
                                          --------  --------  --------
 Cash flows from financing activities:
  Distribution of cash dividends               $--       $--  $(66,817)
  Proceeds from issuance of new
   shares by subsidiaries                       --     2,290        --
  Payments to acquire of ordinary
   shares for retirement                       (90)       --        (7)
                                          --------  --------  --------
   Net cash provided by (used in)
    financing activities                       (90)    2,290   (66,824)
                                          --------  --------  --------
 Effect of exchange rate changes on cash
  and cash equivalents                        (264)       22        (1)
                                          --------  --------  --------
 Net increase (decrease) in cash
  and cash equivalents                      32,735   (18,262)  (35,431)
 Cash and cash equivalents
  at beginning of period                    90,404   137,508   125,835
                                          --------  --------  --------
 Cash and cash equivalents
  at end of period                        $123,139  $119,246   $90,404
                                          ========  ========  ========

 Supplemental disclosures
  of cash flow information:
  Cash paid during the period
   for income taxes                            $96       $24    $6,531
                                          ========  ========  ========



                     Himax Technologies, Inc.
      Unaudited Supplemental Data - Reconciliation Schedule
              (Amounts in Thousands of U.S. Dollars)

 Gross Margin and Operating Margin Excluding Share-based Compensation
  and Acquisition-Related Charges:

                                                               Three
                                                               Months
                                             Three Months      Ended
                                          Ended September 30, June 30,
                                            2008      2007      2008
                                          --------  --------  --------
 Revenues                                 $230,066  $243,337  $246,867

 Gross profit                               56,305    54,711    63,070
 Add: Share-based compensation
  - Cost of revenues                           365       355        28
 Gross profit excluding
  share-based compensation                  56,670    55,066    63,098
 Gross margin excluding
  share-based compensation                    24.6%     22.6%     25.6%

 Operating income                           14,986    19,891    34,811
 Add: Share-based compensation              15,062    15,710     2,439
 Operating income excluding
  share-based compensation                  30,048    35,601    37,250
 Add: Acquisition-related charges
  - Intangible assets amortization             529       554       528
 Operating income excluding
  share-based compensation
 and acquisition-related charges            30,577    36,155    37,778
 Operating margin excluding
  share-based compensation
 and acquisition-related charges              13.3%     14.9%     15.3%
 Net income                                 17,686    21,773    37,714
 Add: Share-based
  compensation, net of tax                  14,428    15,088     2,439
 Add: Acquisition-related
  charges, net of tax                          367       554      (392)
 Net income excluding share-based
  compensation and acquisition-related
  charges                                   32,481    37,415    39,761
 Net margin excluding share-based
  compensation and acquisition-related
  charges                                     14.1%     15.4%     16.1%

 * Gross margin excluding share-based compensation equals gross profit
   excluding share-based compensation divided by revenues

 * Operating margin excluding share-based compensation and
   acquisition-related charges equals operating income excluding
   share-based compensation and acquisition-related charges divided by
   revenues

 * Net margin excluding share-based compensation and
   acquisition-related charges equals net income excluding share-based
   compensation and acquisition-related charges divided by revenues



                    Himax Technologies, Inc.
      Unaudited Supplemental Data - Reconciliation Schedule
             (Amounts in Thousands of U.S. Dollars)

 Gross Margin and Operating Margin Excluding Share-based Compensation
  and Acquisition-Related Charges:
                                                       Nine Months
                                                    Ended September 30,
                                                      2008      2007
                                                    --------  --------
 Revenues                                           $708,521  $651,111

 Gross profit                                        178,014   136,203
 Add: Share-based compensation - Cost of revenues        421       405
 Gross profit excluding share-based compensation     178,435   136,608
 Gross margin excluding share-based compensation        25.2%     21.0%

 Operating income                                     81,462    61,537
 Add: Share-based compensation                        19,875    18,762
 Operating income excluding share-based
  compensation                                       101,337    80,299
 Add: Acquisition-related charges
  -Intangible assets amortization                      1,586     1,483
  -In-process R&amp;D write off                               --     1,600
 Operating income excluding share-based
  compensation and acquisition-related charges       102,923    83,382
 Operating margin excluding share-based
  compensation and acquisition-related charges          14.5%     12.8%
 Net income                                           89,537    66,634
 Add: Share-based compensation, net of tax            19,241    18,140
 Add: Acquisition-related charges, net of tax            504     3,083
 Net income excluding share-based compensation
  and acquisition-related charges                    109,282    87,857
 Net margin excluding share-based compensation
  and acquisition-related charges                       15.4%     13.5%

 * Gross margin excluding share-based compensation equals gross profit
   excluding share-based compensation divided by revenues

 * Operating margin excluding share-based compensation and
   acquisition-related charges equals operating income excluding
   share-based compensation and acquisition-related charges divided by
   revenues

 * Net margin excluding share-based compensation and
   acquisition-related charges equals net income excluding share-based
   compensation and acquisition-related charges divided by revenues


 Diluted Earnings Per Share Excluding Share-based Compensation and
  Acquisition-Related Charges:

                                                     Three     Nine
                                                     Months    Months
                                                     Ended     Ended
                                                    Sept 30,  Sept 30,
                                                      2008      2008
                                                    --------  --------
 Diluted GAAP EPS                                      $0.09     $0.47
 Add: Share-based compensation per diluted share       $0.08     $0.10
 Add: Acquisition-related charges per diluted share      $--       $--

 Diluted non GAAP EPS excluding share-based
  compensation and acquisition-related charges         $0.17     $0.57

 Numbers do not add up due to rounding
</pre>
<pre>
CONTACT: Himax Technologies, Inc.
         Max Chan, Chief Financial Officer
           +886-2-2370-3999 Ext. 22300
           max_chan@himax.com.tw
         Investor Relations
         Jessie Wang
           +886-2-2370-3999 Ext. 22618
           jessie_wang@himax.com.tw

         The Ruth Group
         In the U.S.
         Joseph Villalta
         +1-646-536-7003
         jvillalta@theruthgroup.com
</pre>
</body>
</html>






</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>exh_992.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<body bgcolor="#ffffff">
	<div align="right">
		<p>EXHIBIT 99.2</p>
	</div>
	<h3 align="center">Himax Allied With Wingtech, China's Largest Handset Solution Provider, for LCOS Mobile Projectors</h3>
	<p>TAINAN, Taiwan, Nov. 3, 2008 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq:HIMX) announced today it has allied with Wingtech Group (&quot;Wingtech&quot;), China's largest handset solution provider, in the development of LCOS mobile projector for China market.</p>
		<p>Himax's LCOS mobile projection solutions can be designed as a standalone projector, an accessory type projector or embedded into different consumer electronics. There are a number of China handset manufacturers showing interest in adopting Himax LCOS solution and many of them have already started design-in projects with the expected commercial production to take place in the first half of 2009.</p>
		<p>Himax, as a strategic partner of Wingtech, was invited to the inauguration ceremony of Wingtech's handset manufacturing base in Jiaxing, China and to speak at its technology forum along with handset-related companies including China Mobile, China Telecom, SINA, NXP, Qualcomm, Spreadtrum and so on. Established in late 2005, Wingtech has become the largest handset solution provider in China, with 18 million units of handset shipped in 2007, according to iSuppli. To strengthen its leading position in the China handset segment, Wingtech has developed a handset manufacturing base in Jiaxing, where the upstream and downstream handset-related companies are located and operated in a more efficient and coordinated manner.</p>
		<p>Worldwide handset shipment is estimated to be in the range of 1.2-1.3 billion units per year, of which more than 100 million units are Chinese brands. Handset solution providers, such as Wingtech, play an integral and critical role in the Chinese handset market in determining product roadmap and new features. The partnership between Himax and Wingtech is expected to accelerate a broader adoption of Himax LCOS mobile projection solutions in the Chinese market in the long-term.</p>
		<p>Jordan Wu, President and Chief Executive Officer of Himax, commented, &quot;Over the years, Himax has spent a significant amount of resources in the development of LCOS mobile projection solution for a number of mobile applications. Himax's proprietary single-panel color filter type LCOS mobile projection solution enables a simple and compact optical engine, allowing for ultra small size, low power consumption, easy manufacturing and attractive costs. China white brand handset segment is well-known for its aggressive pursuit of new features and fast time-to-market. We expect these China handset brands to be one of the early adopters of our LCOS technology.&quot;</p>
		<p>Xuezheng Zhang, Chairman of Wingtech, commented, &quot;Jiaxing handset manufacturing base strengthens the Chinese handset supply chain, providing better project management and quality control. We are seeing increasing popularity of multi-media content in China but consumers' viewing experience has been limited by the handset screen size. We are working intensively with Himax as we believe Himax LCOS mobile projectors will be a popular feature in the Chinese market.&quot;</p>
		<p>About Wingtech</p>
		<p>Wingtech group was founded in Hong Kong at the end of 2005 and ever since then, it has been devoted to R&amp;D, manufacturing and marketing of mobile terminals. The main business scope includes complete design and manufacture solution for mobile phones and value-added services based on mobile terminals. With technological strength and excellent products, more than two years from its establishment, Wingtech has risen to be one of the top Chinese mobile companies.</p>
		<p>About Himax Technologies, Inc.</p>
		<p>Himax Technologies, Inc. designs, develops, and markets semiconductors that are critical components of flat panel displays. The Company's principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solution, power management ICs and LCOS microdisplays. Based in Tainan, Taiwan, the Company has regional offices in Hsinchu and Taipei, Taiwan; Ninbo, Foshan, Suzhou and Shenzhen, China; Yokohama, Japan and Anyangsi Kyungkido, South Korea.</p>
		<p>Forward-Looking Statements:</p>
		<p>Certain statements in this press release, including statements regarding expected future financial results and industry growth, are forward-looking statements that involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this press release. Factors that could cause actual results to differ include general business and economic conditions and the state of the semiconductor industry; level of competition; demand for end-use applications products; reliance on a small group of principal customers; continued success in technological innovations; development of alternative flat panel display technologies; ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; shortages in supply of key components; changes in environmental laws and regulations; exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries;
 and other risks described from time to time in the Company's SEC filings, including its Form 20-F dated June 22, 2007, as amended. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.</p>
		<pre>
CONTACT:  Himax Technologies, Inc.
          Max Chan, Chief Financial Officer
            +886-2-2370-3999 Ext. 22300
            max_chan@himax.com.tw
          Investor Relations
          Jessie Wang
            +886-2-2370-3999 Ext. 22618
            jessie_wang@himax.com.tw

          In the U.S.
          The Ruth Group
          Joseph Villalta
          +1-646-536-7003
          jvillalta@theruthgroup.com
</pre>
	</body>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>exh_993.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
<html>
  <head>
    <title>Unassociated Document</title>
    <!--Licensed to: GlobeNewswire-->
    <!--Document Created using EDGARizer 4.0.6.3-->
    <!--Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved-->
    </head>
    <body bgcolor="#ffffff">
  <div id="lockwidth" style="width: 640px">
    <div style="TEXT-ALIGN: right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">TRANSCRIPT<br></font></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="top" width="39%" style="BORDER-TOP: black 0.75pt solid; BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 0.75pt solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">LIVE
      CALL INFORMATION</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-RIGHT: black 0.75pt solid; BORDER-TOP: black 0.75pt solid; BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 0.75pt solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REPLAY
      INFORMATION</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="39%" style="BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tuesday,
      November 4, 2008&#160; 7AM Taiwan</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Monday,
      November 3, 2008&#160;6PM NYC</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 9pt; FONT-FAMILY: Arial Narrow"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CEO
      / CFO Number: 1-201-689-8561</font></font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 9pt; FONT-FAMILY: Arial Narrow"><font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Listener</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;Call
      Number: 1-201-689-856</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">0</font></font></font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-RIGHT: black 0.75pt solid; BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 0.75pt solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -23.4pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Accessible
      2 hours after the call through</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -23.4pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1:00am
      on Tuesday, November 11, 2008 Taiwan</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -5.4pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Replay
      Number: 1-201-612-7415</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Account
      number: 3055</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Conference
      ID number:&#160;299513</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Arial Narrow"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">Operator
Intro:</font> Welcome to Himax Technologies&#8217; third quarter 2008 results
conference call.&#160;&#160;At this time, all participants are in a listen-only
mode.&#160;&#160;Later we will conduct a question and answer
session.&#160;&#160;At that time, if you have a question, you will need to press
star 1 on your push button phone.&#160;&#160;The call is scheduled for one
hour.</font></font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As a
reminder, this conference is being recorded today.&#160;&#160;A replay will be
available 2 hours after the call today, through 1:00am on Tuesday, November 11,
2008 in Taiwan.&#160;&#160;The replay dial-in number is 1-201-612-7415 with
account number 3055 and conference ID number 299513.&#160;&#160;The replay will
also be accessible at www.himax.com.tw.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Joseph</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Thank
you, operator. Welcome everyone to Himax&#8217;s third quarter 2008 earnings
call.&#160;&#160;Joining us from the company are Mr. Jordan Wu, President and
Chief Executive Officer, and Mr. Max Chan, Chief Financial
Officer.&#160;&#160;After the company&#8217;s prepared comments we will have time for
any questions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If you
have not yet received a copy of today&#8217;s results release, please call The Ruth
Group at 1-646-536-7026.&#160;&#160;Or you can get a copy off Himax&#8217;s website at
www.himax.com.tw.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Before we
begin the formal remarks, I&#8217;d like to remind everyone that some of the
statements in this conference call, including statements regarding expected
future financial results and industry growth, are forward-looking statements
that involve a number of risks and uncertainties that could cause actual events
or results to differ materially from those described in this conference
call.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Factors
that could cause actual results to differ include, but not limited
to,&#160;general business and economic conditions and the state of the
semiconductor industry; the level of competition; demand for end-use
applications products; reliance on a small group of principal customers; the
uncertainty of continued success in technological innovations; our ability to
develop and protect our intellectual property; pricing pressures including
declines in average selling prices; changes in customer order patterns;
shortages in supply of key components; changes in environmental laws and
regulations; exchange rate fluctuations; regulatory approvals for further
investments in our subsidiaries; and other risks described from time to time in
the Company&#8217;s SEC filings, including those risks identified in the section
entitled "Risk Factors" in its Form 20-F&#160;for the year ended December 31,
2007 filed with SEC<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font>on
dated June&#160;20, 2008, as amended.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
financial information&#160;included in this conference call&#160;is unaudited
and&#160;consolidated, and prepared in accordance with US GAAP.&#160;Such
financial information is generated internally and has not been subjected to the
same review and scrutiny, including internal auditing procedures and audit by
independent auditors, to which we subject our audited consolidated financial
statements, and may vary materially from the audited consolidated financial
information for the same period.&#160;&#160;Any evaluation of the financial
information included in this conference call should also take into account our
published audited consolidated financial statements and the notes to those
statements.&#160;&#160;In addition, the financial information included in this
conference call is not necessarily indicative of our results for any future
period.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At this
time, I would now like to turn the call over to Mr. Jordan Wu.&#160;&#160;Please
go ahead, sir.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Mr.
Jordan Wu</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Thank you
Joseph and thank you everyone for joining us on today&#8217;s call.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Before we
discuss our third quarter results in detail and provide fourth quarter guidance,
I would like to briefly recap several statements we have made over the past
couple of months regarding our third quarter guidance. As you know, the global
financial market turmoil and the slowing of consumer spending have added a
number of complexities and uncertainties to our business which has made it
difficult to provide guidance. We initially provided our third quarter guidance
in early August; during a period when our customers were ratcheting down their
third quarter forecasts.&#160;&#160;Subsequently, in early September, we raised
our third quarter guidance to reflect our more definitive near-term
views.&#160;&#160;On October 6, we pre-announced our third quarter revenues,
which were in the mid range of our raised guidance and re-affirmed our raised
gross margin and EPS guidance.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">While a
quarter has past since our previous conference call, predicting our financial
results with high accuracy remains tough, if not tougher, in today&#8217;s business
environment.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Now, to
our third quarter 2008 financial results.&#160;&#160;I will start with brief
highlights of Himax&#8217;s overall performance during the third quarter and discuss
our outlook for the fourth quarter.&#160;&#160;Max Chan, our CFO, will then
provide further details on our financial performance.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our third
quarter revenues were $230.1 million, representing a 5.5% decline year-over-year
and a 6.8% decline sequentially.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Revenues
from large panel display drivers were down 17.4% from the same period last year
and down 18.0% sequentially, accounting for 72.4% of our total revenues in the
third quarter.&#160;&#160;During the quarter, most of our large panel customers
lowered their fab utilizations. The resulting weaker demand for driver ICs,
coupled with declining ASP, negatively impacted our revenues.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Despite
the downturn in our large panel display drivers, the third quarter of 2008 was a
remarkable quarter for our small- and medium-sized driver business. We recorded
record revenues of $48.3 million, up 39.5% year-over-year and up 58.2%
sequentially. Percentage of total revenues also achieved a record high at 21%,
compared to 12.4% last quarter. Among various small-and-medium applications,
demand for our handset display drivers was particularly strong in the third
quarter, with revenue doubling sequentially. On top of that, during the third
quarter we became Taiwan&#8217;s largest display driver vendor for small- and
medium-sized TFT-LCD applications.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As with
our small-and-medium driver business, our non-driver business also achieved
record highs in both revenues and percentage of total revenues in the third
quarter 2008. Revenues from non-driver business were $15.1 million in the third
quarter, up 114.4% year-over-year and up 14.4% sequentially, accounting for 6.6%
of our total revenues.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Gross
margin was 24.5% in the third quarter of 2008, up two percentage points
year-over-year, but down one percentage point sequentially.&#160;&#160;Gross
margin came in at the high end of our guidance.&#160;&#160;The sequential
decline in gross margin was primarily due to the price pressure we faced from
our customers, especially those in the large panel segments. Nevertheless, the
pressure was partially offset by our cost reduction efforts we made such as
improving designs and processes, diversifying product offerings, and leveraging
our economies of scale.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our third
quarter GAAP EPS was $0.09, down from $0.11 the same period last year and down
from $0.20 in the second quarter 2008.&#160;&#160;Similar to our gross margin,
our GAAP EPS also came in at the high end of our guidance.&#160;&#160;The
sequential decline in our GAAP EPS was primarily due to the reduced revenues,
and our annual restricted share units award granted to employees at the end of
September.&#160;&#160;Max will provide further details later.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In the
third quarter, we saw a significant shift in our revenue mix. While revenues
from large panel applications declined, due primarily to customers&#8217; reducing fab
utilization and lasting price pressure, we achieved record revenues in our
small- and medium-sized applications and non-driver business.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
the third quarter there was strong demand for our handset display drivers from
both the Chinese market and the worldwide brands.&#160;&#160;We continue to make
great progress penetrating the market of the world&#8217;s top tier cell phone
developers. Many of the recently launched, well-known, high-end cell phones have
Himax display drivers inside.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Over the
past few months, over a dozen companies launched or showcased their
pico-projector products in accessory, embedded, and standalone formats based on
our LCOS solutions. One of those products won the Gold Award in the Portable
Electronics Category for Outstanding Innovation and Technology Products at the
recent 2008 Hong Kong Electronics Fair.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Another
notable example for our recent progress in LCOS product line is our recent
alliance with Wingtech, one of China&#8217;s largest cell phone solution
providers.&#160;&#160;China is one of the fastest growing markets for consumer
electronics and remains one of the few markets in the world where consumer
spending remains relatively robust. The China white brand handset segment is
well-known for its aggressive pursuit of new features and fast time-to-market.
We expect the China white brand handset market to be one of the early adopters
of our LCOS technology.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
the third quarter, we commenced volume shipment of our TV controller. Commercial
production of our monitor scaler is also taking place in the fourth
quarter.&#160;&#160;Since we formed the strategic partnership with TPV, the
world&#8217;s largest TFT-LCD monitor manufacturer and one of the major TV ODMs, in
the beginning of 2008, our TV controller and monitor scaler have rapidly gone
through various qualification and testing procedures and entered into volume
production.&#160;&#160;The system know-how we accumulated from the unique
working model with both TPV, the set manufacturer and CMO, the panel maker, have
paved the way for broader adoption of our products in the quarters to
come.&#160;&#160;We expect to launch our next generation ICs in this segment in
the first half of 2009.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Backed by
our strong balance sheet, we remain fully committed to our long-term goal of
being the world&#8217;s leading semiconductor solution provider in the flat panel
display industry. We have become a world leader in display driver market which
is a major step toward achieving our goal. TV and monitor controller and LCOS
pico projector product lines will continue to be essential areas for us to
broaden our product portfolio. Following years of R&amp;D, we have not only
commenced commercial production in both areas, we believe our product offerings
are competitive and we are strongly positioned in those markets. We anticipate
that both product lines will bring increasingly&#160;positive contributions to
our top and bottom lines for next year.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Looking
ahead, we anticipate another challenging quarter resulting from the tightening
credit and consumer spending weakness in the global
economy.&#160;&#160;Literally all of our customers have announced plans to
further reduce capacity utilization in the fourth quarter. This, naturally, has
negatively impacted our near-term revenue and profit outlook.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amid the
unprecedented, sudden industry downturn, we are taking measures to further
rationalize our operations and control our costs and expenses. Concrete measures
have been and will continue to be taken to control both non-headcount and
headcount related expenses.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Moving to
our fourth quarter guidance.&#160;&#160;We expect fourth quarter
revenues&#160;to decline by 23-28% sequentially, gross margin to decline by two
to three percentage points, and GAAP EPS to be in the range of
$0.06-0.08.&#160;&#160;Given the limited visibility we are facing, our actual
fourth quarter results could depart from what we state today, with both upside
and downside risks.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 9pt; FONT-FAMILY: Arial Narrow"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">Now
let me turn over to Max Chan, our CFO, for further details on our quarterly
financials.</font></font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
Max Chan</font></div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Thank
you, Jordan.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As Jordan
mentioned, we are encouraged to see our product diversification strategy bearing
fruit. Revenues from large panel application, small- and medium-sized panel
applications and non-driver business accounted for 72.4%, 21.0%, and 6.6% of our
total revenues, respectively.&#160;&#160;Small- and medium-sized panel drivers
and non-driver both achieved record revenues in the third quarter, partially
mitigating the revenue decline in large panel applications.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At the
end of September, we granted our annual restricted awards to employees, valued
at $23.8 million, a decrease of 9.8% as compared to the $26.4 million granted in
2007.&#160;&#160;The 2008 restricted awards consisted of Restricted Share Units,
or RSUs, of $20.9 million and restricted cash award of $2.9
million.&#160;&#160;Of the $20.9 million RSUs, $12.7 million was vested and
expensed immediately on the grant day and paid in cash. The remainder will be
paid in three equal installments of stocks over the next three
years.&#160;&#160;The maximum share dilution resulting from the 2008 RSU award
is around 1.5% of our total shares outstanding.&#160;&#160;The restricted cash
award of $2.9 million will be paid in three equal installments of cash over the
next three years.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In the
third quarter, share-based compensation was $14.4 million and
acquisition-related changes were $0.4 million.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Excluding
share-based compensation and acquisition-related charges, our non-GAAP gross
margin was 24.6%, up from 22.6% a year ago and down from 25.6% a quarter
ago.&#160;&#160;Non-GAAP operating income was $30.6 million, down from $36.2
million in the same period last year and down from $37.8 million in the previous
quarter. Non-GAAP net income was $32.5 million, down from $37.4 million in the
same period last year, and down from $39.8 million in the previous quarter.
Non-GAAP EPS was $0.17, down from $0.19 in the same period last year and down
from $0.21 in the previous quarter.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
recognized a net foreign currency exchange loss in earnings of about $1.1
million in the third quarter, primarily due to the recent NT dollar
depreciation.&#160;&#160;Virtually all of our sales and costs of goods sold are
priced in US dollars and the majority of our cash is in US dollars as well.
However, we do maintain a small portion of our cash in NT dollars for local
working capital purposes.&#160;&#160;In addition, there are tax-related assets
and liabilities on our balance sheet which are naturally NT dollar
denominated.&#160;&#160;The net foreign currency exchange loss in the third
quarter was primarily the results of the conversion of NT dollar denominated
deferred income tax assets into US dollars, which is our functional and
reporting currency; such gain or loss is not a cash item.&#160;&#160;We continue
to seek a neutral position on a US dollar basis, regardless of the NT dollar
movement, to reduce the foreign currency exchange impacts.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As Jordan
mentioned earlier, we are adopting measures to further improve our operational
efficiency and control our costs and expenses to cope with the challenging
environment. Excluding share-based compensation and amortization-related
charges, the growth rate of our Non-GAAP operating expenses has been declining
quarter over quarter since the first quarter of 2008.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
generated a net operating cash flow of $34.2 million in the third quarter.
Capital expenditure for the third quarter was $2.8 million, as compared to $3.0
million in the second quarter. This includes primarily expenditure relating to
purchase of R&amp;D related equipments and relocation of our Taipei
office.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Upon
reviewing our 2008 performance, a net tax benefit of $1.7 million was recognized
in the third quarter to reflect a change in estimates of our taxable income and
effective tax rate for the whole year of 2008.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">With no
debts, our balance sheet remains strong.&#160;&#160;Cash, cash equivalents, and
marketable securities available for sale were $132.1 million at the end of
September, an increase of $31.1 million from a quarter ago.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
fourth quarter 2008 guidance that Jordan provided earlier is based on 194
million diluted weighted average shares.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Arial Narrow"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Operator,
that concludes our prepared remarks.&#160;&#160;We can now take any
questions.</font></font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[Jordan&#8217;s
closing remarks]</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Thank you
everyone for taking time to join today&#8217;s call.&#160;&#160;We look forward to
talking to you again at our next earnings call in February next
year.</font></div>
  </div></body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
