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Free Cash Flow

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.

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BMC Software and Guardium Host Webcast to Share Best Practices for Government Database Security and Compliance

 
Comtex
 

WALTHAM, Mass., Jul 22, 2008 (BUSINESS WIRE) ----Guardium, the database security company, and BMC Software are hosting a Webcast to provide government agencies with effective strategies for safeguarding Personally Identifiable Information (PII) in sensitive databases and easily complying with OMB M-06-16.

The OMB directive states that government departments and agencies must log all extracts "from databases holding sensitive information and verify each extract including sensitive data has been erased within 90 days or its use is still required."

Major government agencies, such as the Federal Trade Commission, have already improved database security and addressed compliance regulations by deploying Guardium's database activity monitoring (DAM) solution. Guardium 7 monitors and tracks all access to sensitive data, across all major DBMS platforms and applications, without impacting database performance or requiring changes to applications.

In this session, participants will learn how to:

-- Simplify compliance with automated reports for OMB M-06-16, the Federal Information Security Management Act (FISMA), and other best practices controls based on industry guidelines such as SAS70, the Payment Card Industry Data Security Standard (PCI-DSS), and Sarbanes-Oxley.

-- Block privileged users from unauthorized access to sensitive database tables, without the risk of blocking legitimate access and while allowing privileged users - such as outsourced DBAs and developers - to continue performing routine administrative tasks such as backups.

-- Prevent unauthorized changes to key systems, such as PeopleSoft, SAP and Oracle Financials, with closed-loop change control that leverages existing ticketing systems such as BMC Remedy.

-- Perform database vulnerability assessments based on Department of Defense (DoD) standards such as the Database Security Technical Implementation Guide (STIG) and the Center for Internet Security (CIS) Benchmark. These tests identify vulnerabilities such as missing patches, misconfigured privileges, weak passwords and default vendor accounts as well as anomalous behavior such as excessive failed logins and sharing of privileged account credentials.

-- Automate verification, sign-off and escalation processes to reduce the time and effort required for compliance reporting.

 WHO: Guardium and BMC Software WHAT: Webcast: "Best Practices for Government
   Database Security & Compliance" WHEN: Tuesday, July 29, 2008 2:00 PM EDT WHERE: Register at: http://www.guardium.com/index.php/t1/419
   WHY: Government agencies have a responsibility to strengthen their information security programs and safeguard sensitive data
   using automated security and compliance solutions. 

Forrester Research recently named Guardium "a Leader across the board," with "dominance and momentum on its side." In this comprehensive assessment, Forrester evaluated 14 large and small vendors across 116 criteria, with Guardium earning the highest overall scores for Architecture, Current Offering and Corporate Strategy ("The Forrester Wave: Enterprise Database Auditing And Real-Time Protection, Q4 2007" by Noel Yuhanna, October 2007).

Guardium is a BMC MarketZone partner and a member of BMC's Technology Alliance Program (TAP). The company has also integrated its solution with BMC Remedy for closed-loop change control in database environments.

About Guardium

Guardium, the database security company, delivers the most widely-used solution for ensuring the integrity of enterprise information and preventing information leaks from the data center.

The company's enterprise security platform is now installed in more than 350 data centers worldwide, including more than 60 Global 500 and Fortune 1000 companies in all major industries. Customers include 3 of the top 4 global banks; one of the world's largest PC manufacturers; a global soft drink brand; a top 3 global retailer; and a leading supplier of business intelligence software. The company has partnerships with Oracle, Microsoft, IBM, Sybase, BMC, EMC, RSA, Accenture, NetApp, McAfee, ArcSight and NEON, with Cisco as a strategic investor, and is a member of IBM's prestigious Data Governance Council and the PCI Security Standards Council.

Founded in 2002, Guardium was the first company to address the core data security gap by delivering a scalable enterprise platform that protects databases in real-time and automates the entire compliance auditing process.

Guardium, Safeguarding Databases, and S-TAP are trademarks of Guardium, Inc.

About BMC Software

BMC Software is a leading global provider of enterprise management solutions that empower the world's largest and most sophisticated companies to automate their IT and increase its business value. Delivering Business Service Management, BMC solutions span enterprise systems, applications, databases and service management. For the four fiscal quarters ended March 31, 2008, BMC revenue was approximately $1.73 billion. Visit www.bmc.com for more information.

SOURCE: Guardium

Corporate Ink George Robertson and Mike Italiano 617-969-9192 grobertson@corporateink.com
   mitaliano@corporateink.com 
Copyright Business Wire 2008 **********************************************************************
   As of Friday, 07-18-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND
   on 06-26-2008 for BMC @ $36.90. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com
   SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights
   reserved.
 
 

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