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

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Net cash provided by

operating activities 170 1,420

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Cash flows from investing activities:

Acquisition of technology license - (179)

Proceeds from sale of fixed

assets - 202

Capital expenditures (2,886) (2,235)

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Net cash used in investing

activities (2,886) (2,212)

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Cash flows from financing activities:

Borrowings under bank line of

credit 9,400 8,500

Borrowings - other - 1,746

Proceeds from exercise of stock

options 170 1,087

Excess tax benefit from exercises

of stock options 47 212

Payments of long-term debt (733) (440)

Payments under bank line of credit (9,400) (8,500)

Purchase of treasury stock (7,138) -

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Net cash (used in) provided

by financing activities (7,654) 2,605

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Effect of exchange rate changes on cash (3) 8

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SOURCE Herley Industries, Inc.
Copyright©2008 PR Newswire.
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