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Whether you're walking a tightrope or scribbling in your checkbook, balance is a good thing. And, one of the best ways to evaluate a company is to glance at its balance sheet to see what it owns with what it owes.
The balance sheet is a paragon of simplicity and is made up of three components: assets (the stuff it owns), liabilities (the money it owes), and shareholders' equity (the company's value to its shareholders).
Assets take two forms: short-term (or current) assets and long-term assets. Under short-term, there¿s good ol' hard cash. Then, there¿s something called "cash equivalents," which are assets like short-term bonds that can be sold so quickly, they might as well be cash. There you factor in inventory, which (if you're a reasonably competent business owner) you can sell to customers in return for--you guessed it--cash. (The raw materials a company owns to make that inventory also falls under this category.)
Long-term assets are things that are harder to convert into cash. (Think real estate and equipment.) Long-term assets depreciate, meaning they lose some value over time. Also under the long-term category are what's called intangible assets: things like patents and brands, that are important, but hard to quantify. Accountants earn their stripes figuring out the real overall value of these assets.
Once you know your assets, it's time for liabilities. As with assets, liabilities are separated into short-term or current, and long-term. Current liabilities are what a company owes in that year: Things like payments to employees or accounts payable to suppliers. Long-term liabilities are debts paid over several years.
Shareholders' equity is determined by subtracting the liabilities from the assets. That number represents the value of the company after all its bills are paid.
Obviously, investors should pay close attention to balance sheets. Spikes in the amount of debt carried, or a reduction in shareholders' equity, are usually red flags.
Home / Markets / Industries / Technology
Tuesday, July 15, 2008
Component Innovator Cirrus Logic Completes First Phase of Model N High Tech Suite Implementation
Comtex
REDWOOD SHORES, CA, Jul 15, 2008 (MARKET WIRE via COMTEX) ----Model N Inc., the leader in Revenue Management solutions, today announced that Cirrus Logic Inc., an innovative manufacturer of high-precision analog and digital signal processing components, has successfully deployed Model N's High Tech Global Price Management and Deal Management solutions.
The deployment is the first phase in a company-wide Model N implementation project that will enhance Cirrus' core revenue life cycle processes -- including quoting, opportunity management, and channel management -- to protect margins and strengthen distributor relationships. Implementation of Model N's Channel Revenue Management and Deal Analytics applications is already underway.
"As a premier integrated circuit manufacturer for the most respected brands in audio and industrial markets, Cirrus Logic selected Model N because it delivers a superior platform for quoting, pricing, and channel management processes," said Tim Turk, Vice President of Worldwide Sales, Cirrus Logic. "With Model N's closed-loop technology, we will be able to efficiently track opportunities, improve the quoting process, and effectively manage commissions, resulting in outstanding service for our customers."
"We are pleased to welcome an innovative electronic component manufacturer like Cirrus Logic to our customer roster," said Rich Fitchen, General Manager of Model N High Tech. "By deploying Model N's feature-rich, industry-tailored suite, Cirrus Logic has acquired a powerful tool that complements its existing SAP ERP system and provides the flexibility needed to adapt to changing market conditions."
About Model N
Model N is a leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing strategy and execution, contracts, compliance, and settlements optimized for the industry practices of High Tech and Life Science companies. Enabling the creation of a seamless, end-to-end process from price setting through settlements payment, Model N's uniquely integrated approach eliminates revenue leakage and delivers the visibility and controls needed to avoid the risks of non-compliance to government reporting regulations such as Sarbanes-Oxley and government pricing requirements. Customers include: Boston Scientific Corporation; Bristol-Myers Squibb Company; Cypress Semiconductor Corporation; Intersil Corporation; Linear Technology Corporation; Medtronic, Inc.; Microchip Technology, Inc.; Micron Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; ON Semiconductor, Inc. and Pfizer, Inc. Model N is located in Redwood Shores, California. For additional information, visit www.modeln.com.
Model N is a mark of Model N, Inc. All other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
Media Contact: Sean Cassidy Model N, Inc. Tel: 650-610-4820 Email Contact
SOURCE: Model N
http://www2.marketwire.com/mw/emailprcntct?id=7B11605B0C9C34D7
Copyright 2008 Market Wire, All rights reserved.
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