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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000032878-08-000014.txt : 20080211
<SEC-HEADER>0000032878-08-000014.hdr.sgml : 20080211
<ACCEPTANCE-DATETIME>20080211162835
ACCESSION NUMBER:		0000032878-08-000014
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20080205
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080211
DATE AS OF CHANGE:		20080211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENERGY CONVERSION DEVICES INC
		CENTRAL INDEX KEY:			0000032878
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				381749884
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08403
		FILM NUMBER:		08593837

	BUSINESS ADDRESS:	
		STREET 1:		2956 WATERVIEW DRIVE
		CITY:			ROCHESTER HILLS
		STATE:			MI
		ZIP:			48309
		BUSINESS PHONE:		248-293-0440

	MAIL ADDRESS:	
		STREET 1:		2956 WATERVIEW DRIVE
		CITY:			ROCHESTER HILLS
		STATE:			MI
		ZIP:			48309

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ENERGY CONVERSION LABORATORIES INC
		DATE OF NAME CHANGE:	19710603
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k_q2rel-beldenrel.htm
<DESCRIPTION>RESULTS OF Q2FY08 AND RELEASE ON C. BELDEN
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
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<DIV STYLE="page-break-after:always"></DIV>

<div style="width: 657px">

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
     <tr>
       <td align=center valign="top" nowrap><font size="2">UNITED STATES</font></td>
     </tr>
     <tr>
       <td align=center valign="top" nowrap ><font size="2">SECURITIES AND EXCHANGE COMMISSION</font> </td>
     </tr>
     <tr>
       <td align=center valign="top" nowrap > <font size="2">WASHINGTON, D.C. 20549</font> </td>
     </tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="30%">
                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                &nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="37%">
                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                &nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="32%">
                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                &nbsp;</p></td>
     </tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">FORM 8-K</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">CURRENT REPORT</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
     <tr>
       <td align=center valign="top" nowrap ><font size="2">Pursuant to Section 13 Or 15(d) of the</font></td>
     </tr>
     <tr>
       <td align=center valign="top" nowrap ><font size="2">Securities Exchange Act of 1934</font></td>
     </tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="47%">
           <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">Date of Report (date of earliest event reported)</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="53%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.3in; TEXT-ALIGN: left">
           <font size="2">February 5, 2008</font></p></td>
     </tr>

     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="2">
           <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
           <font size="2">ENERGY CONVERSION DEVICES, INC.</font></p></td>
     </tr>

     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="2">
           <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
           <font size="2">(Exact Name of Registrant as Specified in Charter)</font></p></td>
     </tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="34%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.3in; TEXT-ALIGN: left">
           <font size="2">Delaware</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="31%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
           <font size="2">1-8403</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="33%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
           <font size="2">38-1749884</font></p></td>
     </tr>

     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="34%">
           <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">(State or Other Jurisdiction</font><br>
           <font size="2">of Incorporation)</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="31%">
           <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
           <font size="2">(Commission</font><br>
           <font size="2">File Number)</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="33%">
           <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
           <font size="2">(IRS Employer</font><br>
           <font size="2">Identification No.)</font></p></td>
     </tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="57%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">2956 Waterview Drive, Rochester Hills, MI</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="42%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 66.6pt; TEXT-ALIGN: left">
           <font size="2">48309</font></p></td>
     </tr>

     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="57%">
           <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">(Address of Principal Executive Offices)</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42%">
           <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.8in; TEXT-ALIGN: left">
           <font size="2">(Zip Code)</font></p></td>
     </tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="47%">
           <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">Registrant's telephone number, including area code</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="53%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.3in; TEXT-ALIGN: left">
           <font size="2">(248) 293-0440</font></p></td>
        </tr>
</table>
</div>

<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
     <tr>
       <td style="PADDING-RIGHT: 5.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="100%">
           <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
           <font size="2">(Former name or former address, if changed since last report)</font></p></td>
     </tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provision (see General Instruction A.2 below):</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="left">
<table style="MARGIN-LEFT: 0.9pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">[ ]</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="2%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="91%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p> </td>
     </tr>

     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
           <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="2%">
           <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="91%">
           <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>
     </tr>

     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">[ ]</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="2%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="91%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR</font><br>
           <font size="2">240.14a-12)</font></p> </td>
     </tr>

     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
           <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="2%">
           <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="91%">
           <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>
     </tr>

     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">[ ]</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="2%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="91%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p></td>
     </tr>

     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
           <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="2%">
           <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="91%">
           <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>
     </tr>

     <tr>
       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">[ ]</font></p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="2%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p></td>

       <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="91%">
           <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
           <font size="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p></td>
     </tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 5.94%; TEXT-INDENT: -5.94%; TEXT-ALIGN: left">
&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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<hr align="center" width="100%" noshade size="2">

<p style="PAGE-BREAK-BEFORE: always"></p>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Item 2.02</font></u></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Results of Operations and Financial Condition</font></u></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>The information in this Current Report pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of Energy Conversion Devices, Inc., whether made before or after the date hereof, regardless of any general incorporation language in such filing.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>On February 7, 2008, Energy Conversion Devices, Inc. (&#147;ECD&#148; or the &#147;Company&#148;) issued a press release announcing its consolidated financial results for the second quarter of fiscal year 2008.  A copy of the press release announcing the financial results is filed as Exhibit 99.1 to this report.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.</font></u></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>On February 5, 2007, the Company&#146;s Board of Directors appointed Christopher Belden as a member of the Board of Directors.  Mr. Belden, 47, was most recently Group Vice President of Global Operations for Applied Materials, Inc., a global leader in nanomanufacturing technology solutions for the electronics industry, where he was responsible for volume manufacturing, supply chain management, reliability, quality and worldwide facilities.  Prior to joining Applied Materials, Mr. Belden was Senior Vice President of Manufacturing for Motorola Semiconductor Products Sector, which became known as Freescale Semiconductor in 2004.   </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>A copy of the press release announcing the appointment of Mr. Belden is filed as Exhibit 99.2 to this report.</font></p>

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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Item 9.01</font></u></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Financial Statements and Exhibits</font></u></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(d)</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Exhibits:</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>99.1</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Press release issued by Energy Conversion Devices, Inc. dated February 7, 2008.</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>99.2</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Press release issued by Energy Conversion Devices, Inc. dated February 6, 2008.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><U><font SIZE=2>SIGNATURES</font></U></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3in;text-align:left;'><font SIZE=2>ENERGY CONVERSION DEVICES, INC.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Ghazaleh Koefod</font></u></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Corporate Secretary</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Date: February 11, 2008</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>
</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>3</font></p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Item 9.01</font></u></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Exhibits</font></u></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(d)</font></p> </td>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>99.1</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Press release issued by Energy Conversion Devices, Inc. dated February 7, 2008.</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>99.2</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Press release issued by Energy Conversion Devices, Inc. dated February 6, 2008.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<DESCRIPTION>FY08 SECOND QUARTER RESULTS
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<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>ENERGY CONVERSION DEVICES REPORTS SECOND QUARTER 2008 RESULTS</font></b></p>

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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Consolidated Revenues Increase 20 Percent on Strong </font></b><i><b><font size=2>UNI-SOLAR&reg;</font></b></i><b><font size=2> Sales </font></b></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Solar Production Increases Nearly 50 Percent </font></b></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Company Reaffirms Sustainable Profitability in Fiscal Q4</font></b></p> </td> </tr></table>
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<p style=' margin-bottom:14pt; margin-top:24pt;text-align:left;'><b><font size=2>Rochester Hills, Mich.</font></b><font size=2>, Feb. 7, 2008 &#150; Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of solar thin-film laminate products, today reported financial results for the second quarter of fiscal 2008, ended December 31, 2007.</font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><font size=2>Revenues in the second quarter of fiscal 2008 were $56.4 million, up 20 percent from first quarter revenues of $47.0 million and up 146 percent from $22.9 million in the second quarter of fiscal 2007. Revenues from the company&#146;s solar business were $51.7 million, or 92 percent of total revenues. Second quarter solar revenues represented a 23 percent sequential increase and a 169 percent increase over the prior-year quarter. Gross margins in the solar business were 19.2 percent. </font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><font size=2>ECD reported a net loss for the quarter of $5.4 million, or $0.14 per share, compared to a net loss of $7.6 million, or $0.19 per share, in the first quarter of fiscal 2008, and a net loss of $2.9 million, or $0.07 per share, in the year-ago period. Second quarter results included $2.5 million, or $0.06 per share, of restructuring charges principally for severance and other costs associated with corporate staff reductions and management transition. Results in the quarter were also impacted by approximately $2.3 million, or $0.06 per share, of preproduction costs.</font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><font size=2>For the first six months of fiscal 2008, total revenues were $103.5 million compared with $50.1 million for the first six months of fiscal 2007, an increase of 106 percent. Revenues from the solar business totaled $93.6 million in the first six months of fiscal 2008, a 118 percent increase compared with $43.0 million last year. </font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><font size=2>For the six-month period, the company reported a net loss of $13.0 million, or $0.33 per share, compared with the previous year&#146;s net loss of $5.2 million, or $0.13 per share. Restructuring costs for the first six months of fiscal 2008 amounted to $5.1 million, or $0.13 per share. Preproduction costs for the period were $4.8 million, or $0.12 per share.</font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><font size=2>Mark Morelli, ECD&#146;s president and CEO, commented, &#147;We are excited with the progress we are making in growing revenues and reinventing the company around operational excellence. During the quarter, our production of thin-film solar laminates expanded by 50 percent over the first quarter, and tripled over last year&#146;s second quarter. At the same time, our sales pipeline continues to run ahead of production capacity as new and repeat customers in key markets around the world have come to recognize the significant advantages and attractive return on </font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>- more -</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&#150; 2 &#150;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><font size=2>investment of our</font><i><font size=2> UNI-SOLAR</font></i><font size=2> laminates. As a result, we remain confident that we will reach sustainable profitability by the fiscal fourth quarter.&#148; </font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><font size=2>The company&#146;s manufacturing ramp continues on schedule, and United Solar Ovonic produced 15.4 MW in the quarter and 25.8 MW for the first half of the fiscal year. No polysilicon is required for the manufacturing of </font><I><font SIZE=2>UNI-SOLAR</font></I><font size=2> laminates; therefore, production is not affected by polysilicon supply. Nameplate capacity currently stands at 118 MW.</font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><font size=2>Sanjeev Kumar, ECD&#146;s CFO, said, &#147;United Solar&#146;s gross margin of 19.2 percent for the quarter exceeded our forecast of 15 to 16 percent due to improved production ramp and operational efficiencies. We continue to see excellent top-line momentum going forward, which will begin to appear below the line in the coming quarters as we complete our restructuring and management transition.&#148;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&#147;</font><font size=2>As a result of our significant cost reductions in R&amp;D, Ovonic Materials has reached breakeven, and we expect it to remain so going forward. Second quarter, consolidated SG&amp;A costs increased about $6 million from the second quarter last year as a result of investments we are making in the right staff and expertise to grow our solar business. The key takeaway is that these costs are increasing at a much slower rate than our overall sales and productivity. These line items now constitute about 23% of revenues and will continue to decline as a percentage of revenues over time as we successfully scale our operations,&#148; Kumar added.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:7pt; margin-top:0pt;text-align:left;'><font size=2> </font><b><font size=2>Key Developments </font></b></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>A multiple-year supply agreement to sell up to 21.15 MW of </font><I><font SIZE=2>UNI-SOLAR</font></I><font size=2> laminates to Enfinity Management, one of Europe&#146;s largest investors in solar PV installations. Enfinity will use the </font><I><font SIZE=2>UNI-SOLAR</font></I><font size=2> products for rooftop installations in Europe.</font></p> </td> </tr></table>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:8.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="24" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>An agreement with SunEdison, North America&#146;s largest solar energy service provider, to provide up to 17 MW of </font><I><font SIZE=2>UNI-SOLAR</font></I><font size=2> laminates for use on large-scale rooftop installations on industrial and commercial buildings, principally in the US.</font></p> </td> </tr></table>
</div>



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        <td width="16" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:8.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="24" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>The hiring of key senior management, including Marcelino Susas, Vice President, Strategic Marketing; Corby Whitaker, Vice President, Global Sales; Joseph Conroy, Vice President, Operations; and Tom Schultz, Vice President, Human Resources &#150; United Solar Ovonic Operations.</font></p> </td> </tr></table>
</div>



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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:8.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="24" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>The signing of several sales agreements in South Korea, one of the world&#146;s fastest growing solar markets, including a take-or-pay commitment from AirTec for 25 MW in calendar 2008 and 2009. </font></p> </td> </tr></table>
</div>



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        <td width="16" valign=top style='padding:12.0pt 0in 14.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:8.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="24" valign=top style='padding:12.0pt 0in 14.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 14.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>The completion of a $55 million credit facility. In addition, the company had approximately $155 million in cash and cash equivalents at the end of the quarter.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:7pt; margin-top:14pt; margin-left:0.01in; text-indent:0.01in;text-align:left;'><b><font size=2>Narrowing Full-Year Revenue Guidance; Reiterating Sustainable Profitability in Fiscal Q4</font></b></p>

<p style=' margin-bottom:14pt; margin-top:7pt;text-align:left;'><font size=2>The company narrowed its prior revenue guidance provided at the end of the fiscal first quarter. Fiscal year 2008 consolidated revenues are now expected to be $235 to $245 million versus prior guidance of $220 to $245 million. Fiscal year United Solar product sales are expected to be $215 to $225 million versus prior guidance of $205 to $225 million. Anticipated full-year </font></p>

<p style=' margin-bottom:0pt; margin-top:7pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>- more -</font></p>
<!-- EEDocs PBStart-->
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&#150; 3 &#150;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:14pt; margin-top:7pt;text-align:left;'><font size=2>preproduction costs are in the range of $8 to $9 million. Restructuring costs for fiscal year 2008 are expected to be</font><font color="#0000FF"><font size=2> </font></font><font size=2>$7.0 to $8.0 million versus prior guidance of $3 to $5 million due to additional staff reductions and other cost-saving initiatives. The company is reiterating its expectation that it will reach sustainable profitability in the fiscal fourth quarter.</font><font style='background-color:yellow'><font size=2> </font></font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><font size=2>For the fiscal third quarter ending March 31, 2008, total consolidated revenues are expected to be between $65 to $70 million, of which solar product sales are expected to be $60 to $65 million. Gross margins on solar product sales for the fiscal third quarter are expected to be approximately 21 to 23 percent, reflecting further improvement in operational performance and the ramp up of the company&#146;s first Greenville manufacturing facility. Restructuring costs for the third quarter are expected to be in the range of $2.0 to $3.0 million. The company anticipates preproduction costs of approximately $1.5 to $2.5 million in the quarter.</font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><font size=2>Additionally, the company is increasing its guidance on United Solar gross margins for the fiscal fourth quarter to approximately 23 to 25 percent.</font></p>

<p style=' margin-bottom:7pt; margin-top:14pt;text-align:left;'><b><font size=2>Conference Call / Webcast Details</font></b></p>

<p style=' margin-bottom:14pt; margin-top:7pt;text-align:left;'><font size=2>Management of Energy Conversion Devices will host a conference call today at 10:00 a.m. EST to review the financial results. The dial-in number for the live audio call is 877-858-2512 or 706-634-1291 (international) with conference ID number 32008676. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations &#150; Conference Calls &#150; section of the company&#146;s website at </font><font color="#0000FF"><font size=2>www.ovonic.com</font></font><font size=2>. </font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><font size=2>An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., February 8, 2008, and can be accessed by dialing (800) 642-1687 or (706) 645-9291 (international), with conference ID number 32008676. The webcast will also be archived on the company&#146;s website. </font></p>

<p style=' margin-bottom:3pt; margin-top:14pt;text-align:left;'><b><font size=2>About Energy Conversion Devices</font></b></p>

<p style=' margin-bottom:12pt; margin-top:3pt;text-align:left;'><font size=2>Energy Conversion Devices, Inc. (NASDAQ: ENER) manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. Distributed globally under the </font><I><font SIZE=2>UNI-SOLAR</font></I><font size=2>&reg; brand, the company&#146;s products are ideally suited for cost-effective solutions for roofing applications because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real-world conditions. ECD also pioneers other alternative technologies, including a new type of nonvolatile digital memory technology that is significantly faster and less expensive, ideal for use in a variety of applications including cell phones, digital cameras and personal computers. For more information, please visit www.ovonic.com. </font></p>

<p style=' margin-bottom:14pt; margin-top:14pt;text-align:left;'><i><font size=2>This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on assumptions which ECD, as of the date of this release, believes to be reasonable and appropriate. ECD cautions, however, that the actual facts and conditions that may exist in the future could vary materially from the assumed facts and conditions upon which such forward-looking statements are based. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company&#146;s most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.</font></i></p>


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            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom: 2.0pt'><u><font size=2>Investor Contacts</font></u><font size=2>:</font></p> </td>
        <td width="279" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom: 2.0pt'><u><font size=2>Media Contacts:</font></u></p> </td> </tr>
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        <td width="359" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Gerrard Lobo</font></p> </td>
        <td width="279" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Brad Wilks / Mac McNeer </font></p> </td> </tr>
    <tr >
        <td width="359" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>The Ruth Group</font></p> </td>
        <td width="279" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Sard Verbinnen &amp; Co.</font></p> </td> </tr>
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        <td width="359" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(646) 536-7023</font></p> </td>
        <td width="279" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(312) 895-4700</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>- more -</font></p>
<!-- EEDocs PBStart-->
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<!-- EEDocs PBEnd-->

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&#150; 4 &#150;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES</font></B></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><U><B><font SIZE=2>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</font></B></U></p>

<p style=' margin-bottom:0pt; margin-top:3pt;text-align:center;'><b><font size=2>(In thousands, except per share data)</font></b></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:center;'><b><font size=2>(Unaudited)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=center>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" STYLE="border-collapse:collapse">
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:8.0pt;margin-bottom:0pt'><font size=2>Three Months Ended</font><br> <font size=2>December 31,</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:8.0pt;margin-bottom:0pt'><font size=2>Six Months Ended</font><br> <font size=2>December 31,</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
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        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2007</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2006</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2007</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2006</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="12" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:2.0pt'><font size=2>(in thousands, except per-share amounts)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD WIDTH="39%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>Revenues</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="5%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="5%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Product sales</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>51,558</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>18,667</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>94,025</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>41,525</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Royalties</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>1,492</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>964</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>2,507</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>1,627</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.4in;text-indent:-.2in;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Revenue from product development agreements</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>2,921</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>2,758</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>5,799</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>5,863</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Revenue from license agreements</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>238</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>238</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>751</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>496</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>Other</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>240</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>320</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>409</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>618</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>Total revenues</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>56,449</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>22,947</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>103,491</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>50,129</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>Expenses</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Cost of product sales</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>41,745</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>16,325</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>76,813</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>34,335</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.4in;text-indent:-.2in;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Cost of revenues from product development agreements</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>1,819</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>1,700</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>3,528</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>3,713</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Product development and research</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>2,583</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>4,926</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>6,045</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>9,667</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Preproduction costs</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>2,279</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>750</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>4,824</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>1,104</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.4in;text-indent:-.2in;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Operating, general and administrative (net) (including patents)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>12,925</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>7,122</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>24,621</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>16,529</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>Restructuring charges</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>2,555</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:2.0pt'><font size=2>&#151;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>5,070</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:2.0pt'><font size=2>&#151;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>Total expenses</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>63,906</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>30,823</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>120,901</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>65,348</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>Loss from operations</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(7,457</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(7,876</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(17,410</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(15,219</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>Total other income</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>2,082</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>4,963</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>4,475</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>10,004</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>Net loss before income taxes</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(5,375</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(2,913</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(12,935</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(5,215</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>Income taxes</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>51</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:2.0pt'><font size=2>&#151;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>58</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:2.0pt'><font size=2>&#151;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom: 1.0pt'><font size=2>Net loss</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=top style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(5,426</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=top style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(2,913</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=top style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(12,993</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=top style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(5,215</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom: 1.0pt'><font size=2> Basic net loss per share </font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.14</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.07</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.33</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.13</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom: 1.0pt'><font size=2>Diluted net loss per share</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.14</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE="border-bottom: double white 2.25pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.07</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE="border-bottom: double white 2.25pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.33</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE="border-bottom: double white 2.25pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.13</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE="border-bottom: double white 2.25pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.1in;text-indent:-.1in;text-align:left;margin-top:7.0pt;margin-bottom: 2.0pt'><font size=2>Shares used in calculation of net loss <BR>per share</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:7.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:7.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:7.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:7.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:7.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:7.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:7.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:7.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=2>Basic</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=2>40,035</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=2>39,302</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=2>39,950</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=2>39,186</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=2>Diluted</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=2>40,035</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=2>39,302</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=2>39,950</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.0pt'><font size=2>39,186</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>- more -</font></p>
<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p><PAGE>
<!-- EEDocs PBEnd-->

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&#150; 5 &#150;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:8pt; margin-top:0pt;text-align:center;'><b><font size=2>Non-GAAP Financial Measures</font></b></p>

<p style=' margin-bottom:4pt; margin-top:8pt;text-align:left;'><font size=2>To supplement its financial statements presented in accordance with Generally Accepted Accounting Principles (GAAP), ECD uses the following measures as defined by the Securities and Exchange Commission as non-GAAP measures:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=center>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" STYLE="border-collapse:collapse">
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <TD> </TD>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:4.0pt;margin-bottom:0pt'><font size=2>Three Months Ended</font><br> <font size=2>December 31,</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:4.0pt;margin-bottom:0pt'><font size=2>Six Months Ended</font><br> <font size=2>December 31,</font></p> </td>
        <TD VALIGN="bottom">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <TD> </TD>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2007</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2006</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2007</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2006</font></p> </td>
        <TD VALIGN="bottom">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>

    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD> </TD>
        <td colspan="11" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:2.0pt'><font size=2>(In Thousands)</font></p> </td>
        <TD VALIGN="top">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>  </tr>


    <tr style='page-break-inside:avoid'>
        <TD WIDTH="37%" VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>Net Loss</font></p> </td>
        <TD WIDTH="3%"><font size=2>&nbsp;</font> </TD>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(5,426</font></p> </td>
        <TD WIDTH="5%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(2,913</font></p> </td>
        <TD WIDTH="8%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(12,993</font></p> </td>
        <TD WIDTH="5%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(5,215</font></p> </td>
        <TD WIDTH="1%" VALIGN="bottom">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>Add:</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="bottom">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>&#150;&nbsp;&nbsp;Preproduction Costs</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>2,279</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>750</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>4,824</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>1,104</font></p> </td>
        <TD VALIGN="bottom">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>&#150;&nbsp;&nbsp;Restructuring Charges</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>2,555</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:2.0pt'><font size=2>&#151;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>5,070</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:2.0pt'><font size=2>&#151;</font></p> </td>
        <TD VALIGN="bottom">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom: 1.0pt'><font size=2>Net Loss as adjusted (non-GAAP)</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(592</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(2,163</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(3,099</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(4,111</font></p> </td>
        <TD VALIGN="bottom">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:-.2in;text-align:left;margin-top:1.5pt;margin-bottom: 1.0pt'><font size=2>Net Loss (basic and fully diluted) per share as reported</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.14</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.07</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.33</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.13</font></p> </td>
        <TD VALIGN="bottom">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:-.2in;text-align:left;margin-top:1.5pt;margin-bottom: 1.0pt'><font size=2>Net Loss (basic and fully diluted) per share as adjusted (non-GAAP)</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.01</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE="border-bottom: double white 2.25pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.06</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE="border-bottom: double white 2.25pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.08</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE="border-bottom: double white 2.25pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>(.10</font></p> </td>
        <TD VALIGN="bottom" STYLE="border-bottom:double white 2.25pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:4pt; margin-top:27pt;text-align:center;'><B><font SIZE=2>ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES</font></B></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><U><B><font SIZE=2>CONDENSED CONSOLIDATED BALANCE SHEETS</font></B></U></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><b><font size=2>(In Thousands)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=center>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" STYLE="border-collapse:collapse">
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="4" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:4.0pt;margin-bottom:0in'><font size=2>December 31,2007</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="4" valign=top style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:4.0pt;margin-bottom:0in'><font size=2>June 30, 2007</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="4" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:2.0pt'><font size=2>(Unaudited)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM" STYLE=" border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="3%" valign=bottom style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD WIDTH="56%" NOWRAP VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font SIZE=2>ASSETS</font></p> </td>
        <TD WIDTH="2.5%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="11%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="3.5%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="8%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="2%" VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="11%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="3%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Cash and cash equivalents</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>90,764</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>80,770</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Restricted investment</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>5,614</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:2.0pt'><font size=2>&#151;</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Short-term investments</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>59,042</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>125,004</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Accounts receivable (net)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>34,603</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>36,498</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Inventories</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>30,932</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>38,692</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Assets held for sale</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>1,539</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>1,524</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Property, plant and equipment (net)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>364,935</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>311,369</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>Other</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>8,654</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>6,822</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom: 1.0pt'><font SIZE=2>TOTAL ASSETS</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM" STYLE=" border-bottom:double black 2.25pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>596,083</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM" STYLE=" border-bottom:double black 2.25pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>600,679</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 2.0pt'><font size=2>LIABILITIES AND STOCKHOLDERS&#146; EQUITY</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Accounts payable and other liabilities</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>44,618</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>42,940</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>Long-term liabilities</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>31,859</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>32,232</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font SIZE=2>TOTAL LIABILITIES</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>76,477</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>75,172</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>STOCKHOLDERS&#146; EQUITY</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>519,606</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>525,507</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom: 1.0pt'><font size=2>TOTAL LIABILITIES AND STOCKHOLDERS&#146; EQUITY</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM" STYLE=" border-bottom:double black 2.25pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>596,083</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <TD NOWRAP VALIGN="BOTTOM" STYLE=" border-bottom:double black 2.25pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom: 1.0pt'><font size=2>600,679</font></p> </td>
        <td width="3%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><font size=2>
</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>- more -</font></p>
<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p><PAGE>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&#150; 6 &#150;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CONDENSED STATEMENTS OF CASH FLOWS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>(In Thousands)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=center>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" STYLE="border-collapse:collapse">
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP" NOWRAP>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD> </TD>
        <td colspan="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:4.0pt;margin-bottom:2.0pt'><font size=2>Six Months Ended</font><br> <font size=2>December 31,</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:2.0pt'><font size=2>2007</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:2.0pt'><font size=2>2006</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td colspan="6" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>(Unaudited)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD WIDTH="59%" VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font SIZE=2>OPERATING ACTIVITIES:</font></p> </td>
        <TD WIDTH="7%"> </TD>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="11%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="7%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="11%" VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Net loss</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD  VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(12,993</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(5,215</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.3in;text-indent:-.1in;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Adjustments to reconcile net loss to net cash provided by operating activities:</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.5in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Depreciation and amortization</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>8,640</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>4,583</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.5in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Bad debt and other expenses</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>866</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(83</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.5in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Obsolescence charge</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>1,374</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>46</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.5in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Restructuring charge</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>979</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:2.0pt'><font size=2>&#151;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.5in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Stock and stock options issued for services rendered</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>866</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>1,084</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.5in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Other</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(6</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(154</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>Changes in working capital</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>6,773</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>8,463</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font SIZE=2>NET CASH PROVIDED BY OPERATING ACTIVITIES</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>6,499</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>8,724</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font SIZE=2>INVESTING ACTIVITIES:</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Increase in restricted investment</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(5,614</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:2.0pt'><font size=2>&#151;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.3in;text-indent:-.1in;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Purchases of property, plant and equipment (including construction in progress) (net)</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(62,270</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(70,261</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>Purchase (proceeds from sale) of investments</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>65,640</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(90,790</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font SIZE=2>NET CASH USED IN INVESTING ACTIVITIES</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(2,244</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(161,051</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font SIZE=2>NET CASH PROVIDED BY FINANCING ACTIVITIES</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>5,639</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>8,006</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.1in;text-indent:-.1in;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font SIZE=2>EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>100</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>21</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font SIZE=2>NET CASH FLOW</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>9,994</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(144,300</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>


    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.1in;text-indent:-.1in;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font SIZE=2>CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD</font></p> </td>
        <TD><font size=1>&nbsp;</font> </TD>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>80,770</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:solid black 1.0pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>164,962</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom: 1.0pt'><font SIZE=2>CASH AND CASH EQUIVALENTS AT END OF PERIOD</font></p> </td>
        <TD> </TD>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:double black 2.25pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>90,764</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <TD VALIGN="BOTTOM" STYLE=" border-bottom:double black 2.25pt;">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>20,662</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:4pt; margin-top:0pt; text-indent:0.5in;text-align:center;'><font size=2>
</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>- more -</font></p>
<!-- EEDocs PBStart-->
<p style='page-break-before:always'></p><PAGE>
<!-- EEDocs PBEnd-->

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&#150; 7 &#150;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES</font></B></p>

<p style=' margin-bottom:4pt; margin-top:0pt; text-indent:0.5in;text-align:center;'><U><B><font SIZE=2>SEGMENT REVENUE AND OPERATING INCOME/(LOSS)</font></B></U></p>

<p style=' margin-bottom:4pt; margin-top:0pt; text-indent:0.5in;text-align:center;'><b><font size=2>(In Thousands)</font></b></p>

<p style=' margin-bottom:11pt; margin-top:6pt; text-indent:0.5in;text-align:center;'><b><font size=2>(Unaudited)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=center>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" STYLE="border-collapse:collapse">
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="19" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:4.0pt;margin-bottom:0in'><font size=2>Three Months Ended December 31,</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2007</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=2>2006</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2007</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2006</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>

    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="7" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>Revenues</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="8" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>Income (Loss) from Operations</font></p> </td>
        <td valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>

    <tr style='page-break-inside:avoid'>
        <TD WIDTH="31%" VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom: 2.0pt'><font size=2>United Solar Ovonic</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="10%" VALIGN="BOTTOM" STYLE="border-top: solid black 1.0pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:4.0pt;margin-bottom: 2.0pt'><font size=2>51,720</font></p> </td>
        <TD WIDTH="2%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="4%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="10%" VALIGN="BOTTOM" STYLE="border-top: solid black 1.0pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:4.0pt;margin-bottom: 2.0pt'><font size=2>19,194</font></p> </td>
        <TD WIDTH="2%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="4%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="10%" VALIGN="BOTTOM" STYLE="border-top: solid black 1.0pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:4.0pt;margin-bottom: 2.0pt'><font size=2>2,084</font></p> </td>
        <TD WIDTH="2%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="4%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="10%" VALIGN="BOTTOM" STYLE="border-top: solid black 1.0pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:4.0pt;margin-bottom: 2.0pt'><font size=2>864</font></p> </td>
        <TD WIDTH="2%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>Ovonic Materials</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>4,570</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>3,580</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>399</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(2,864</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:2.0pt'><font size=2>Corporate Activities</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>376</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>356</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(9,974</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(5,339</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>Consolidating Entries</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(217</font></p> </td>
        <td width="2%" valign=bottom style='border-bottom: solid white 1.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(183</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>34</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(537</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom: 1.0pt'><font size=2>Consolidated</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>56,449</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>22,947</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(7,457</font></p> </td>
        <td width="2%" valign=bottom style='border-bottom: double white 2.25pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(7,876</font></p> </td>
        <td width="2%" valign=bottom style='border-bottom: double white 2.25pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.4in; text-indent:-0.28in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=center>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" STYLE="border-collapse:collapse">
    <tr style='page-break-inside:avoid'>
        <td width="32%" valign=top >
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="19" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=2>Six Months Ended December 31,</font></p> </td> </tr>

    <tr style='page-break-inside:avoid'>
        <td width="32%" valign=top >
            <p style='margin-left:.25in;text-indent:-.25in;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>2007</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=2>2006</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>2007</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>2006</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>

    <tr style='page-break-inside:avoid'>
        <td width="32%" valign=top >
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=1>&nbsp;</font></p> </td>

        <td valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="7" valign=bottom style='border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>Revenues</font></p> </td>

        <td colspan=2 valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="7" valign=bottom style='border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=2>Income (Loss) from Operations</font></p> </td>

        <td valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
 </tr>

    <tr style='page-break-inside:avoid'>
        <TD WIDTH="32%" VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:4.0pt;margin-bottom: 2.0pt'><font size=2>United Solar Ovonic</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="10%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:4.0pt;margin-bottom: 2.0pt'><font size=2>93,607</font></p> </td>
        <TD WIDTH="2%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="4%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:4.0pt;margin-bottom: 2.0pt'><font size=2>43,054</font></p> </td>
        <TD WIDTH="2%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="4%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="10%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:4.0pt;margin-bottom: 2.0pt'><font size=2>1,616</font></p> </td>
        <TD WIDTH="2%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="4%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="10%" VALIGN="BOTTOM" STYLE="border-top: solid black 1.0pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:4.0pt;margin-bottom: 2.0pt'><font size=2>2,351</font></p> </td>
        <TD WIDTH="2%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>

    <tr style='page-break-inside:avoid'>
        <td width="32%" valign=top >
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Ovonic Materials</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>9,662</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>6,821</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(301</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(6,772</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="32%" valign=top >
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2.0pt;margin-bottom: 2.0pt'><font size=2>Corporate Activities</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>545</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>599</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(18,807</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(9,731</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="32%" valign=top >
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=2>Consolidating Entries</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(323</font></p> </td>
        <td width="2%" valign=bottom style='border-bottom: solid white 1.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(345</font></p> </td>
        <td width="2%" valign=bottom style='border-bottom: solid white 1.0pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>82</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:2.0pt'><font size=2>(1,067</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=2>)</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="32%" valign=top >
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom: 1.0pt'><font size=2>Consolidated</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>103,491</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>50,129</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(17,410</font></p> </td>
        <td width="2%" valign=bottom style='border-bottom: double white 2.25pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:2pt;margin-bottom:1.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom style='border-bottom: double black 2.25pt; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:1.0pt'><font size=2>(15,219</font></p> </td>
        <td width="2%" valign=bottom style='border-bottom: double white 2.25pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.0pt;margin-bottom:1.0pt'><font size=2>)</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.13in;text-align:justify;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>- more -</font></p>
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<p style='page-break-before:always'></p><PAGE>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&#150; 8 &#150;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=center>

<TABLE CELLSPACING="1" CELLPADDING="2" WIDTH="100%" STYLE="border-collapse:collapse">
    <tr style='page-break-inside:avoid'>
        <td colspan="13" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:8.0pt;margin-bottom:8.0pt'><b><font size=2>Segment Operations &#150; United Solar Ovonic</font></b><br> <b><font size=2>(In Thousands)</font></b><br> <b><font size=2>Quarterly Periods Ended</font></b></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP" NOWRAP>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>Three Months Ended</font><br> <font size=2>December 31,</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>Six Months Ended</font><br> <font size=2>December 31,</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP" NOWRAP>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2007</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin:0in;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:.0001pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2006</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin:0in;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:.0001pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2007</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin:0in;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:.0001pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>2006</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:.0001pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP" NOWRAP>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="11" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:2.0pt'><font size=2>(Unaudited)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD WIDTH="40%" VALIGN="TOP" NOWRAP>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:6.0pt;margin-bottom: 3.0pt'><font size=2>PV Product Sales</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:6.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="10%" NOWRAP VALIGN="BOTTOM" STYLE=" border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:6.0pt;margin-bottom: 3.0pt'><font size=2>(5,426</font></p> </td>
        <TD WIDTH="4%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:6.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:6.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="10%" VALIGN="BOTTOM" STYLE="border-top: solid black 1.0pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:6.0pt;margin-bottom: 3.0pt'><font size=2>17,445</font></p> </td>
        <TD WIDTH="6%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:6.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:6.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="10%" VALIGN="BOTTOM" STYLE=" border-top:solid black 1.0pt;" NOWRAP>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:6.0pt;margin-bottom: 3.0pt'><font size=2>89,596</font></p> </td>
        <TD WIDTH="4%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:6.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:6.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <TD WIDTH="10%" VALIGN="BOTTOM" STYLE="border-top: solid black 1.0pt">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:6.0pt;margin-bottom: 3.0pt'><font size=2>39,572</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:6.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Megawatts Produced</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>15.4</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>6.8</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>25.8</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>12.9</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.2in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Megawatts Shipped</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>16.9</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>5.3</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>30.0</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>11.8</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Cost of Product Sales</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>40,203</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>15,029</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>72,826</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>31,995</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Gross Margin</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>9,523</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>2,416</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>16,770</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>7,577</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Gross Margin %</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>19.2</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>%</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>13.8</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>%</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>18.7</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>%</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>19.1</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>%</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Other Revenues:</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.15in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Research and Development</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>1,994</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>1,748</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>4,011</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>3,478</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.15in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Other Operating Revenues</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>&#151;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>1</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>&#151;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>4</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Other Revenues Total</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>1,994</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>1,749</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>4,011</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>3,482</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Total Revenues</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>51,720</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>19,194</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>93,607</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>43,054</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Other Expenses:</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=1>&nbsp;</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.15in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Research and Development</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>2,096</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>1,451</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>4,371</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>2,849</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.15in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Preproduction</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>2,279</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>750</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>4,824</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>1,104</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.15in;text-indent:0in;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Operating, Selling, General and <BR>&nbsp;&nbsp;&nbsp;Administrative Expenses</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>5,058</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>1,100</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>9,970</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>4,755</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Total Other Expenses</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>9,433</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>3,301</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>19,165</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>8,708</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>Income from Operations</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>2,084</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>864</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>1,616</font></p> </td>
        <TD VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>$</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 3.0pt'><font size=2>2,351</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>- more -</font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&#150; 9 &#150;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=center>

<TABLE CELLSPACING="2" CELLPADDING="0" WIDTH="100%" STYLE="border-collapse:collapse">
    <tr style='page-break-inside:avoid'>
        <td colspan="13" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:8.0pt;margin-bottom:4.0pt'><b><font size=2>Segment Operations &#150; Ovonic Materials</font></b><br> <b><font size=2>(In Thousands)</font></b><br> <b><font size=2>Quarterly Periods Ended</font></b></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:4.0pt;margin-bottom: 0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:4.0pt;margin-bottom:0pt'><font size=2>Three Months Ended December 31,</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:4.0pt;margin-bottom:0pt'><font size=2>Six Months Ended</font><br> <font size=2>December 31,</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:1.0pt'><font size=2>2007</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:1.0pt'><font size=2>2006</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:1.0pt'><font size=2>2007</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=2>2006</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom: 3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="11" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:3.0pt'><font size=2>(Unaudited)</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD WIDTH="51%" VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:3.0pt;margin-bottom: 2.5pt'><font size=2>Product Sales</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM" STYLE=" border-top:solid black 1.0pt;" NOWRAP>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.5pt'><font size=2>1,831</font></p> </td>
        <TD WIDTH="2%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.5pt'><font size=2>1,222</font></p> </td>
        <TD WIDTH="5%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM" STYLE=" border-top:solid black 1.0pt;" NOWRAP>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.5pt'><font size=2>4,446</font></p> </td>
        <TD WIDTH="2%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <TD WIDTH="1%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <TD WIDTH="9%" VALIGN="BOTTOM" STYLE="border-top:solid black 1.0pt;">
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.5pt'><font size=2>1,953</font></p> </td>
        <TD WIDTH="0%" VALIGN="BOTTOM">
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Cost of Product Sales</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>1,594</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>925</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>4,163</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>1,576</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Other Revenues:</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.45in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Royalties</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>1,492</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>964</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>2,507</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>1,628</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.45in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Research and Development</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>928</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>1,014</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>1,788</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>2,402</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.45in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Licenses</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>238</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>238</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>751</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>496</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.45in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Other Operating Revenues</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>81</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>142</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>170</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>342</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.45in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Other Revenues Total</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>2,739</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>2,358</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>5,216</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>4,868</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Total Revenues</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>4,570</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>3,580</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>9,662</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>6,821</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Other Expenses:</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.45in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Research and Development</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>2,289</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>5,180</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>5,203</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>10,549</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.45in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Operating, General and Administrative Expenses</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>288</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>339</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>597</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>1,468</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Total Other Expenses</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>2,577</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>5,519</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>5,800</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>12,017</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Income (Loss) from Operations</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>399</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>(2,864</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>(301</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>(6,772</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>)</font></p> </td> </tr>


    <tr style='page-break-inside:avoid'>
        <td colspan=13 nowrap valign=top style='border-bottom: solid gray 3.0pt; '>
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
</tr>
    <tr style='page-break-inside:avoid'>
        <td colspan="13" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:8.0pt;margin-bottom:4.0pt'><b><font size=2>Segment Operations &#150; Corporate Activities</font></b><br> <b><font size=2>(In Thousands)</font></b><br> <b><font size=2>Quarterly Periods Ended</font></b></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:4.0pt;margin-bottom: 0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:4.0pt;margin-bottom:0pt'><font size=2>Three Months Ended December 31,</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:4.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:4.0pt;margin-bottom:0pt'><font size=2>Six Months Ended</font><br> <font size=2>December 31,</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:4.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:1.0pt'><font size=2>2007</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:1.0pt'><font size=2>2006</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:1.0pt'><font size=2>2007</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=2>2006</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom: 3.0pt'><font size=1>&nbsp;</font></p> </td>
        <td colspan="11" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:3.0pt'><font size=2>(Unaudited)</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:3.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:3.0pt;margin-bottom: 2.5pt'><font size=2>Other Operating Revenues</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.5pt'><font size=2>376</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.5pt'><font size=2>356</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.5pt'><font size=2>545</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:3.0pt;margin-bottom: 2.5pt'><font size=2>599</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Other Expenses:</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.45in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Restructuring</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>2,555</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>&#9472;</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>5,070</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>&#9472;</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.45in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Operating, General and Administrative Expenses</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>7,795</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>5,695</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>14,282</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>10,330</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Total Expenses</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>10,350</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>5,695</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>19,352</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>10,330</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <TD NOWRAP VALIGN="TOP">
            <p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>Loss from Operations</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>(9,974</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>(5,339</font></p> </td>
        <td width="5%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>(18,807</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>)</font></p> </td>
        <td width="1%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>$</font></p> </td>
        <td width="9%" valign=bottom >
            <p style='margin-left:0in;text-indent:3.0pt;text-align:right;margin-top:2.5pt;margin-bottom: 2.5pt'><font size=2>(9,731</font></p> </td>
        <td width="0%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2.5pt;margin-bottom:2.5pt'><font size=2>)</font></p> </td> </tr></table>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ex99p2_020608rel.htm
<DESCRIPTION>RELEASE ANNOUNCING NEW DIRECTOR, C. BELDEN
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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font SIZE=2>ENERGY CONVERSION DEVICES APPOINTS CHRISTOPHER BELDEN</font></B></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>AS INDEPENDENT BOARD MEMBER</font></B></p>

<p style=' margin-bottom:12pt; margin-top:24pt;text-align:left;'><b><font size=2>Rochester Hills, Mich.</font></b><font size=2>, Feb. 6, 2008 &#151; Energy Conversion Devices, Inc. (ECD) (NASDAQ:ENER) announced today it has appointed Christopher P. Belden to its Board of Directors, effective February 5, 2008.  Mr. Belden was most recently Group Vice President of Global Operations for Applied Materials, Inc., a global leader in nanomanufacturing technology solutions for the electronics industry, where he was responsible for volume manufacturing, supply chain management, reliability, quality and worldwide facilities.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><font size=2>&#147;We are pleased to add Chris to our Board and look forward to the unique experience, insight and leadership he will bring,&#148; said Mark Morelli, ECD President and CEO.  &#147;His expertise will be particularly valuable in regards to our proprietary photovoltaic manufacturing equipment as we continue to expand our production capacity.&#148;</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><font size=2>Mr. Belden, 47, prior to joining Applied Materials, was Senior Vice President of Manufacturing for Motorola Semiconductor Products Sector, which became known as Freescale Semiconductor in 2004.  During his 22 years with Motorola, he held positions of increasing responsibility while managing manufacturing and operations, culminating with accountability for the process technology pipeline from research to product delivery including worldwide manufacturing and supply chain operations.  </font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><font size=2>With the addition of Mr. Belden, ECD&#146;s Board of Directors now has eight members, seven of whom are independent directors.</font></p>

<p style=' margin-bottom:3pt; margin-top:12pt;text-align:justify;'><b><font size=2>About Energy Conversion Devices</font></b></p>

<p style=' margin-bottom:6pt; margin-top:3pt;text-align:left;'><font size=2>Energy Conversion Devices, Inc. (NASDAQ: ENER) manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology.  Distributed globally under the UNI-SOLAR<sup>&reg;</sup> brand, the company's products are ideally suited for cost-effective solar roofing solutions because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real-world conditions.  ECD also pioneers other alternative technologies, including a new type of non-volatile digital memory that is significantly faster and less expensive, and is ideal for a variety of applications including cell phones, digital cameras and personal computers.  For more information, please visit www.ovonic.com.</font></p>

<p style=' margin-bottom:0pt; margin-top:3pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:center;'><font size=2>###</font></p>

<p style=' margin-bottom:6pt; margin-top:12pt;text-align:justify;'><u><b><font size=2>Contacts:</font></b></u></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0in'><font size=2>Media Relations:</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0in'><font size=2>Mac McNeer</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0in'><font size=2>Sard Verbinnen &amp; Co.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0in'><font size=2>312 895-4700</font></p> </td>
        <td width="299" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0in'><font size=2>Investor Relations:</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0in'><font size=2>Gerrard Lobo</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0in'><font size=2>The Ruth Group</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0in'><font size=2>646 536-7006</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>
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<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'>&nbsp;</p>



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