Ulticom (ULCM) Approves $4.58 Per Shaer Special Cash Dividend

April 2, 2009 4:15 PM EDT

Ulticom, Inc. (OTC: ULCM) announced that its Board of Directors declared a special cash dividend of $4.58 per share, payable on April 20, 2009 to the Company's shareholders of record as of the close of business on April 13, 2009. In connection with the Special Dividend, the Company further announced that, as contemplated by its equity compensation plans and recommended by the Compensation Committee of the Board, the Board approved a decrease in exercise price of all unexercised stock options that have been previously awarded to officers, employees and directors of the Company after the Special Dividend is paid. Holders of restricted stock and deferred stock units ("DSU's") will be eligible to receive the Special Dividend.

The Company's cash, cash equivalents and short-term investments as of February 28, 2009 were approximately $281,000,000. The Company has no debt outstanding. The Company had 43,623,105 shares of common stock outstanding as of the close of business on February 28, 2009 including grants of DSU's. After giving effect to the Special Dividend, the Company will have cash, cash equivalents and short-term investments of approximately $81,000,000 and no debt.

Ulticom provides service essential signaling solutions for wireless, wireline, and Internet communications. [SM]

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