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Just as your pulse is checked during a routine physical, free cash flow is used as an indicator of a company's health. It equals the cash brought in from operations minus the money needed to pay the bills. Think about leftover money in your checking account after you pay this month's bills.
Investors and analysts see this leftover money as a gauge of a company's ability to perform. It is available for transactions such as handing out dividends and working on new products.
Some argue free cash flow is wrongly overshadowed by the emphasis often placed on earnings. Earnings numbers can be manipulated and don't always tell the whole story -- and earnings don't mean much if there's nothing left over after a company pays its expenses. Even if you bring in a six-figure salary, but no money left after paying the bills, are you in great financial shape?
You don't have to be Einstein to figure out free cash flow. To calculate the number, subtract the company's expenditures and dividends from its operating cash flow.
If the free cash flow is written in red ink, it doesn't necessarily signal curtains. This is common for young companies looking to grow. It also could be a result of heavy investments, which in the long run could be worth a standing ovation.
Home / Markets / Industries / Technology
Wednesday, May 07, 2008
Asyst to Feature Next-Generation New Products at First Annual Analyst Day on May 8
Comtex
FREMONT, Calif, May 07, 2008 (BUSINESS WIRE) ----Asyst Technologies, Inc. (Nasdaq:ASYT), a leading provider of integrated automation solutions that enhance semiconductor and flat panel display manufacturing productivity, will be hosting its First Annual Analyst Day on Thursday, May 8, 2008, from 8:00 am to 12 noon. The morning will include presentations from management and live demonstrations of new products.
Asyst currently automates the material handling for more than 50% of all 300mm silicon wafer production and includes among its customers every major semiconductor manufacturer as well as every major semiconductor equipment OEM. The company's newest products integrate and build upon its technology and experience at the tool front-end and in fab-wide automated material handling to provide unique, targeted solutions to the dual customer challenges of maximizing both production output and return on invested capital.
The Analyst Day is being held at the company's corporate headquarters, 46897 Bayside Pkwy, Fremont, CA, 94538. The presentations will be webcast and available at www.asyst.com.
About Asyst
Asyst Technologies, Inc. is a leading provider of integrated automation solutions that enable semiconductor and flat panel display (FPD) manufacturers to increase their manufacturing productivity and protect their investment in materials during the manufacturing process. Encompassing isolation systems, work-in-process materials management, substrate-handling robotics, automated transport and loading systems, and connectivity automation software, Asyst's modular, interoperable solutions allow chip and FPD manufacturers, as well as original equipment manufacturers, to select and employ the value-assured, hands-off manufacturing capabilities that best suit their needs. Asyst's homepage is http://www.asyst.com.
Forward Looking Statements
Except for statements of historical fact, the statements in this release are forward-looking. The forward-looking statements include statements regarding future products; and other factors more fully detailed in the company's Annual Report on Form 10-K for the year ended March 31, 2007, and other reports filed with the Securities and Exchange Commission. Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include, but are not limited to: our ability to develop and deliver new products with targeted features and benefits; customer acceptance of new products; and other factors more fully detailed in the company's Annual Report on Form 10-K for the year ended March 31, 2007, and other reports filed with the Securities and Exchange Commission.
"Asyst" is a registered trademark of Asyst Technologies, Inc. Copyright 1993-2008, Asyst Technologies, Inc. All Rights Reserved.
SOURCE: Asyst Technologies, Inc.
Asyst Technologies, Inc. John Swenson, 510-661-5000 Vice President, Investor Relations & Corporate Treasurer
Copyright Business Wire 2008
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