PHOENIX TECHNOLOGIES AND OPERA SOFTWARE PARTNER TO DELIVER THE FASTEST-LOADING BROWSER PLATFORM OPTIMIZED FOR PHOENIX HYPERSPACE™

MILPITAS, CA: November 5, 2008 — Phoenix Technologies Ltd. (NASDAQ: PTEC), the global leader in core systems software, today announced a partnership with Opera Software ASA (OBX: OPERA) to develop the fast-loading Opera Browser optimized for the HyperSpace platform that will deliver instant-on access to the Internet for mobile PCs. Phoenix HyperSpace is a unique, virtual computing environment that can host instant-on applications and specialized, secure computing services that can run independently of Windows while the operating system boots up, is running or shuts down.

The solution developed as a result of this partnership will enable consumers to access the Internet and begin browsing the Web, conduct secure transactions or read and send email within seconds of turning on a HyperSpace-enabled PC without having to wait for Windows to boot. The Opera browser is fully optimized for supporting widgets, efficiently manages power and memory based on one’s computer specs, and includes Opera Link, a feature that allows users to synch bookmarks and saved pages among multiple devices and operating systems.

“As PC users become increasingly more mobile, Opera sought to deliver the kinds of browser capabilities that reflect the way people use their mobile devices, even building in the capacity to synch web information from the PC to the mobile phone,” said Rolf Assev, Chief Strategy Officer at Opera. “Working with Phoenix not only gives us an opportunity to partner with a technology leader that embraces our vision of offering fully customizable browser solutions, but it represents a way we can improve the user experience by helping to deliver instant-on access to the full Web on the next generation of mobile PCs.”

“Instant-on access to the Internet is a cornerstone of our PC 3.0™ promise to simplify the PC end user experience and transform PCs into more user-friendly, versatile and effective systems,” said Woody Hobbs, President and CEO of Phoenix Technologies. “We sought the most robust technology for mobile PCs in the industry to deploy a browser optimized for HyperSpace. By working with Opera, we can ensure users will enjoy a dynamic online experience seconds after turning on their PCs. And once Windows has fully booted, users will be able to quickly and easily toggle back and forth between their Windows applications and the instant-on, always-available HyperSpace environment. An added benefit is that HyperSpace delivers an extra two hours of battery life on the average notebook.”

The Phoenix HyperSpace platform provides a unique computing environment that PC designers, software developers and content providers can utilize to create self-contained, instant-on applications that bring new convenience, uptime and security to users. PC users will have access to a host of instant-on applications and content including multi-media players, email, instant messaging, Web 2.0 browsing, safe shopping and more. Users will also enjoy the benefits of up to two hours of extra battery life on their HyperSpace-enabled laptops.

About Phoenix Technologies Ltd.

Phoenix Technologies Ltd. (Nasdaq: PTEC) is the global market leader in system firmware that provides the most secure foundation for today’s computing environments. The PC industry’s top system builders and specifiers trust Phoenix to pioneer open standards and deliver innovative solutions that will help them differentiate their systems, reduce time-to-market and increase their revenues. The Company’s flagship products and services – AwardCore, SecureCore, Embedded BIOS, FailSafe, HyperSpace, BeInSync and eSupport – are revolutionizing the PC user experience by delivering unprecedented performance, security, reliability, continuity, and ease-of-use. The Company established industry leadership and created the PC clone industry with its original BIOS product in 1983. Phoenix has 159 technology patents and 136 pending applications, and has shipped in over one billion systems. Phoenix is headquartered in Milpitas, California with offices worldwide. For more information, visit http://www.pho­enix.com

Phoenix, Phoenix Technologies, AwardCore, Phoenix SecureCore, Embedded BIOS, Phoenix FailSafe, HyperSpace, BeInSync, eSupport, PC 3.0 and the Phoenix Technologies logo are trademarks and/or registered trademarks of Phoenix Technologies Ltd.

About Opera Software ASA

Opera Software ASA has redefined Web browsing for PCs, mobile phones and other networked devices. Opera’s cross-platform Web browser technology is renowned for its performance, standards compliance and small size, while giving users a faster, safer and more dynamic online experience. Opera Software is headquartered in Oslo, Norway, with offices around the world. The company is listed on the Oslo Stock Exchange under the ticker symbol OPERA. Learn more about Opera at http://www.ope­ra.com/.

Safe Harbor

The statements in this release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, but not limited to, the partnership between Phoenix and Opera Software, the benefits of the partnership and HyperSpace to consumers and our PC 3.0 vision. These statements involve risk and uncertainties, including: end-user demand for our PC 3.0 and HyperSpace offerings; technical challenges and delays, including code bugs and glitches; unexpected challenges relating to the relationship between Phoenix and Opera Software; our ability to attract and retain key personnel; our ability to successfully compete in new markets where we do not have significant prior experience; competing technology and offerings of competitors, including time to market and price competition; the ability of our OEM and ODM customers to introduce and market new products that incorporate and leverage our technology; and our ability to protect our intellectual property rights. For a further list and description of risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements in this release, we refer you to the Company’s filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements included in this release are based upon assumptions, forecasts and information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward-looking statements.

Contact:

Phoenix Technologies Ltd.
Global Press Office
Tel : +1 408 570 1060
E-mail: public_relations@phoenix.com

Ted Miller
Communications Manager
Opera Software
Tel: +1 305 331 8334
E-mail: tmiller@opera.com

Source: Phoenix Technologies Ltd.

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