This patented technology generally relates to the optical switching equipment used in fiber optic communications, such as dense wave division multiplexing (DWDM). This technology may be used in equipment such as reconfigurable optical add/drop multiplexers (ROADM's) that aggregate data and voice traffic for transport over fiber optic networks.

ABOUT ACACIA RESEARCH CORPORATION

Acacia Research's subsidiaries develop, acquire, and license patented technologies. Acacia Research's subsidiaries control 97 patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a wide variety of industries.

Information about Acacia Research is available at www.acaciatechnologies.com and www.acaciaresearch.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

SOURCE: Acacia Research Corporation

Acacia Research Corporation
Rob Stewart, Investor Relations, 949-480-8300
Fax: 949-480-8301

Medis Technologies' primary focus is on its fuel cell technology. Its business strategy is to sell its products to end users through branded OEM partnerships, retail outlets, service providers and to the military and other markets. Medis' indirect majority-owned subsidiary, Cell Kinetics Ltd., is engaged in the development and commercialization of the CKChip, a unique cell carrier platform intended for simultaneous fluoroscopic monitoring and analysis of thousands of individual living cells over time.

This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called "forward looking statements" by words such as "may," "will," "should," "expects," plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in Medis' filings with the SEC. Medis assumes no obligation to update or alter its forward-looking statements made in this release or in any periodic report filed by it under the Securities Exchange Act of 1934 or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.

This press release is available on Medis' web site at www.medistechnologies.com.

SOURCE: Medis Technologies Ltd.

Medis Technologies Ltd.
Robert K. Lifton, 212-935-8484
Chairman & CEO
or
The Equity Group Inc.
Adam Prior, 212-836-9606
Ethan Guttenplan, 212-836-9605

This patented technology generally relates to automatically retrieving database information stored in a plurality of formats, including structural and/or relational information.

ABOUT ACACIA RESEARCH CORPORATION

Acacia Research's subsidiaries develop, acquire, and license patented technologies. Acacia Research's subsidiaries control 96 patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a wide variety of industries.

Information about Acacia Research is available at www.acaciatechnologies.com and www.acaciaresearch.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

SOURCE: Acacia Research Corporation

Acacia Research Corporation
Rob Stewart, Investor Relations, 949-480-8300
Fax: 949-480-8301

(By Philip Holmes) Stocks finished higher on Wednesday, bolstered by a big drop in oil prices, some decent earnings news and hope for a finalized government plan to shore up the mortgage business. The Dow Jones industrial average gained 29.88 points, to end the trading day at 11,632.38. The S&P 500 rose 5.18 points, for 1,282.18, while the Nasdaq composite index gained 21.92 points to close at 2,325.98. Investors were buoyed by decent earnings news from AT&T, PepsiCo and ConocoPhillips. Drugmaker Pfizer saw its earnings double, to 41 cents per share, versus the same period in 2007. Amazon was another big star. The online retailer reported that its profits increased by 102% in the second quarter versus the same period last year. Lawmakers in Washington are close to passing a housing bill that would allow the feds to insure up to $300 billion of mortgages. The White House is giving a green light to the bill, which will provide some relief for beleaguered mortgage funders Fannie Mae and Freddie Mac. The biggest boost to investor confidence came from sharply lower crude oil prices. Oil ended below $125 per barrel on Wednesday, the result of increased U.S. stockpiles of gasoline, with supplies up by 2.8 million barrels for the week ended July 18, according to the U.S. Energy Information Administration. Investors also heard of a congressional plan aimed at limiting speculative investing in oil. The U.S. Senate overwhelmingly approved a Democratic measure clearing the way for eventual legislation. The bill would allow the government to set limits on speculative trading in oil markets. On the negative side, the Fed published its Beige Book. The report showed that economic activity had slowed in most areas from the previous six week period covered. Of the 12 Federal Reserve districts, five eastern districts reported weakening or softening economies, while four others showed sluggish or stable growth. Cleveland and Minneapolis were the winners, with both showing slight upticks in economic activity. Dallas showed steady or moderate growth.

The Investrend Earnings Calendar features Ashland (NYSE: ASH), expected at $0.86; Ball Corp. (NYSE: BLL), expected at $1.12; Bristol-Myers (NYSE: BMY), expected at $0.40; Celgene (NASDAQ: CELG), expected at $0.35.

The Investrend Economics Calendar lists Weekly Initial Jobless Claims (8:30 a.m.), Existing Home Sales for June (10 a.m.), Weekly Money Supply (4:30 p.m.).

The Investrend Events Calendar showcases AlwaysOn/STVP Stanford Summit Conference; Knight Capital Group, Inc. - Acorn Energy Roadshow; LOCM at SMX CORP Local and Mobile Conf.

The Investrend Money Index is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ 50 Most Actives indicate the direction in which the mass of money is flowing. Last session's trading showed 37 advancers versus 12 decliners and one unchanged. Advancers were led by Jetblue Airways Cp (NASDAQ: JBLU) up 16.67%, Level 3 Comm Inc (NASDAQ: LVLT) up 13.74%, E M C Cp (NYSE: EMC) up 13.72%, Sirius Satellite R (NASDAQ: SIRI) up 12.61%, Fannie Mae (NYSE: FNM) up 11.86%, Delta Air Lines New (NYSE: DAL) up 11.54%, Freddie Mac (NYSE: FRE) up 11.34%, Ual Corp New (NASDAQ: UAUA) up 11.18%, Xm Satellite Radio (NASDAQ: XMSR) up 10.33%, Sun Microsystems Inc (NASDAQ: JAVA) up 9.47%, Natl City Cp (NYSE: NCC) up 7.78%, Sandisk Cp (NASDAQ: SNDK) up 6.98%, Amer Intl Group Inc (NYSE: AIG) up 6.97%. Decliners followed Anadigics Inc (NASDAQ: ANAD) down 31.68%, Adc Telecommunicatio (NASDAQ: ADCT) down 22.96%, Washington Mutual (NYSE: WM) down 20.10%, E*Trade Finl Corp (NASDAQ: ETFC) down 15.80%, Costco Wholesale C (NASDAQ: COST) down 11.90%, Chesapeake Energy Cp (NYSE: CHK) down 8.10%.

Vote in the Investrend Poll Question of the Day at Investrend Information (http://www.investrendinformation.com).

Investrend Website of the Day: http://www.thinwithin.org/

Quote of the Day: "I get paid for seeing that my clients have every break the law allows. I have knowingly defended a number of guilty men. But the guilty never escape unscathed. My fees are sufficient punishment for anyone." F. Lee Bailey

Cultural Corner: http://www.thripz.com , suspense thriller novel by Robert Farley, FinancialWire's editor.

Today is: Simon Bolivar Day in Ecuador and Venezuela, Pioneer Day in Utah, Children's Day in Vanuatu.

Happy Birthday: John Newton, Alexandre Dumas, Oswald Chambers, Amelia Earhart, Bella Abzug, Mark Goddard, Robert Hays, Pam Tillis, Barry Bonds, Jennifer Lopez.

Today in History: Citizens of Leeuwarden, Netherlands, struck in 1487 against ban on foreign beer. Mary Queen of Scots was deposed and replaced in 1567 by her one-year-old son King James VI. Benjamin Bonneville, in 1832, led the first wagon train across the Rocky Mountains by using Wyoming's South Pass. O. Henry was released from prison in Austin, Texas, in 1901 after serving three years for embezzlement from a bank. The Kellogg-Briand Pact, renouncing war as an instrument of foreign policy, went into effect in 1929. The dust bowl heat wave reached its peak in 1935, sending temperatures to 109F (44C) in Chicago, Illinois and 104F (40C) in Milwaukee, Wisconsin. At New York City's Copacabana Club in 1956, Dean Martin and Jerry Lewis performed their last comedy show together. Apollo 11 splashed down safely in the Pacific Ocean in 1969.

[FirstAlert" was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information (http://www.investrendinformation.com). The opinions expressed in FirstAlert" do not necessarily reflect the opinions of Investrend.]

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