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

Tuesday, May 20, 2008

Convera(R) and YellowBrix Sign Contract to Deliver Joint Vertical Content Solutions

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VIENNA, Va., May 20, 2008 /PRNewswire-FirstCall via COMTEX/ ----Convera Corporation (Nasdaq: CNVR), www.convera.com, a leading provider of vertical search services for publishers, and YellowBrix, a leading provider of syndicated, real-time industry news and content analytics services, announced today a joint vertical news and search solution for finance, medicine, media and publishing, energy and environment industries.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071119/NEM050LOGO )

The joint vertical content solution enables enterprises and publishers to leverage Convera's monetization platform for targeted search and contextual advertising.

"Together, we offer a one-stop-shop for all vertical content," said Pat Condo, President and CEO of Convera. "We are very excited about the partnership because the joint vertical content solution delivers highly targeted, high-value information services. This partnership extends our services to publishers while creating new opportunities in enterprise markets."

Clients will also have immediate access to a single-source solution of the most reliable and respected premium news sources, industry-specific trades and critical business and financial information customized -- in real-time -- for their end users including integrated, robust vertical web search solutions.

"Vertical web search is a natural extension to our product offerings," said Jeff Massa, CEO and founder of YellowBrix. "By combining our information products and services, our joint customers can be assured that they will have the most comprehensive industry-rich information solution in today's market."

About Convera(R)

Convera is a leading provider of vertical search services for publishers. Based on a semantic index of the Web, Convera enables publishers to generate additional revenue by creating customized search applications for specialist audiences under their own brand. Many of the world's largest publishers rely on Convera vertical search services to accelerate their e-publishing strategies, meet growing monetization goals and build loyal online professional communities.

About YellowBrix

YellowBrix is a pioneer in real-time information delivery and leading provider of content analytics, content syndication services and content management technologies. We provide business and financial markets analytics and general news content products and services for websites, intranets, wireless devices and telephony services requiring real-time information. YellowBrix solutions are employed in Fortune 1,000 corporations, associations, middle-market and small business companies across more than 25 industries in the United States and worldwide. YellowBrix is a privately held company headquartered in Alexandria, VA. For more information, please visit our website, www.yellowbrix.com .

SOURCE Convera Corporation

http://www.convera.com

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