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Herley Reports Second Quarter Results
Date:3/12/2008

herley.com

Safe Harbor Statement - Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. When used in this report, words such as "anticipated," "believes," "could," "estimates," "expects," "may," "plans," "potential" and "intends" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. The Company's results could differ materially based on various factors, including, but not limited to, cancellation or deferral of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, the effects of the indictment of the Company and general economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.

For information at Herley contact:

Peg Guzzetti Tel: (717) 735-8117

Investor Relations http://www.herley.com

HERLEY INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

February 3,

2008 July 29,

(Unaudited) 2007

----------- -----------

ASSETS

Current Assets:

Cash and cash equivalents $24,808 $35,181

Trade accounts receivable, net 19,326
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SOURCE Herley Industries, Inc.
Copyright©2008 PR Newswire.
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