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Cepheid Reports Fourth Quarter and Full Year 2008 Results
Date:2/5/2009

3,226 3,820 14,063 11,120 Amortization of acquired Inventory step-up in basis - - - 170 Amortization of purchased intangible assets 328 235 1,185 840 Non-GAAP measure of Net Income (Loss) $(2,324) $(1,233) $(6,465) $(9,293) Basic and Diluted net income (loss) per share $(0.10) $(0.10) $(0.38) $(0.39) Stock compensation expense 0.06 0.08 0.26 0.20 Amortization of purchased intangible assets - - 0.01 0.02 Non-GAAP measure of Net Income (Loss) $(0.04) $(0.02) $(0.11) $(0.17) Shares used in computing basic and diluted net income (loss) per share 57,648 55,529 57,101 55,263

    CONTACTS:
    For Media Inquiries:                For Investor Inquiries:
    Jared Tipton                        Jacquie Ross
    Cepheid Corporate Communications    Cepheid Investor Relations
    Tel: (408) 400 8377                 Tel: (408) 400 8329
    jared.tipton@cepheid.com            jacquie.ross@cepheid.com


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