Veraz Networks 4Q07 Update

• 4Q07 VoIP revenues $20.9m, an increase of $1.5m from the previous quarter. Overall net income of $2.1 million.
• VoIP gross margins for the quarter were 64%, increase from 50% in 3Q07.
• One customer accounted for more than 10% of Veraz revenues in 4Q07 : Belgacom International Carrier Services 13% ( VoIP switching and peering).
• Top 10 customers accounted for 53% of Q4 revenues.
• Split: 22% North America, 77% International.
• 32% wireless carriers, 66% wireline carriers.
• Service revenues $5.8m