Egypt's Mubarak says he won't seek another term as president

CAIRO (AP) — Egyptian President Hosni Mubarak said he will not run for a new term in office in September elections, but rejected demands that he step down immediately and leave the country, vowing to die on Egypt's soil, in a television address today after a dramatic day in which a quarter-million protesters called on him to go.

Mubarak said he would serve out the rest of his term working to ensure a "peaceful transfer of power" and carry out amendments to rules on presidential elections.

But the half-way concession — an end to his rule months down the road — was immediately derided by protesters massed in Cairo's main downtown square.

Watching his speech on a giant TV set up in Tahrir square, protesters booed and waved their shoes over the heads in a sign of contempt. "Go, go, go! We are not leaving until he leaves," they chanted, and one man screamed, "He doesn't want to say it! He doesn't want to say it!"

The 82-year-old Mubarak, who has ruled the country for nearly three decades, insisted that his decision not to run had nothing to do with the unprecedented protests that have shaken Egypt the past week. "I tell you in all sincerity, regardless of the current circumstances, I never intended to be a candidate for another term."