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Cepheid Reports Record Revenue of $44.8 Million
Date:5/1/2008

se 3,261 2,001

Amortization of acquired inventory step-up

in basis - 64

Amortization of purchased intangible assets 286 204

Non-GAAP measure of Net Income (Loss) $1,697 $(3,884)

Diluted net income (loss) per share $(0.03) $(0.11)

Stock compensation expense 0.05 0.04

Amortization of acquired inventory step-up

in basis - 0.00

Amortization of purchased intangible assets 0.01 0.00

Non-GAAP measure of Net Income (Loss) $0.03 $(0.07)

Shares used in computing basic net income

(loss) per share 56,152 55,012

Incremental shares from the assumed

conversion of dilutive stock options 5,868 -

Shares used in computing diluted net income

(loss) per share 62,020 55,012

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