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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Tuesday, July 29, 2008

2K Sports and Konami Announce MLB(R) Power Pros 2008 Now Available on Retail Store Shelves

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NEW YORK & EL SEGUNDO, Calif., Jul 29, 2008 (BUSINESS WIRE) ----2K Sports, the sports publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), and Konami Digital Entertainment, Inc., today announced the next iteration of the popular Power Pros baseball franchise, MLB Power Pros 2008, is now available on retail store shelves. With its comedic visual appeal of miniature Major League Baseball(R) player models, MLB Power Pros 2008 has attracted a dedicated following through its easy-to-use controls and addictively fun gameplay experience. Now with over ten different exciting game modes including the traditional Practice, Exhibition, League and Home Run Challenge, MLB Power Pros 2008 brings fans closer to the action than ever before.

"We're proud to deliver another exciting baseball title for our dedicated fans to enjoy in an accessible and refreshing experience," said Greg Thomas, senior vice president of sports development, 2K. "With miniature player models, pick-up-and-play controls and newly added features, MLB Power Pros 2008 provides pure entertainment and fun for all ages this season."

MLB Power Pros 2008 offers fans the unique opportunity to act as general manager and control the destiny of their own franchise in Season mode or engage in entertaining role-playing story modes such as Success and MLB(R) Life. Gamers can also trade, sign free agents, coordinate practice schedules, purchase new equipment, call up and send down players from the Minor Leagues(TM), along with other management options to bring in fans, win playoff games and, eventually, earn the title of World Series(TM) champion.

Fans will also enjoy easy, pick-up-and-play hitting and pitching controls, support of 40-man rosters, change of ball speed, adjustment of defensive shifts, and a real-time bullpen check functionality for substituting pitchers. Along with intuitive Wii(TM) functionality, MLB Power Pros 2008 provides the option for players to import their Wii-based characters, Miis(TM), from their Wii or Wii Remote(TM) (up to 10 Miis) to participate in the exciting fun!

MLB Power Pros 2008, rated E for Everyone by the ESRB, is now available for Wii home video game system from Nintendo and PlayStation(R)2 computer entertainment system, and will be available in August for the Nintendo DS(TM). For more information, please visit www.2ksports.com/games/mlbpp2008.

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc. is a global developer, marketer, distributor and publisher of interactive entertainment software games for the PC, PLAYSTATION(R)3 and PlayStation(R)2 computer entertainment systems, PSP(R) (PlayStation(R)Portable) system, Xbox 360(R) and Xbox(R) video game and entertainment systems from Microsoft, Wii(TM), Nintendo GameCube(TM), Nintendo DS(TM) and Game Boy(R) Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K Games, 2K Sports and 2K Play, and distributes software, hardware and accessories in North America through its Jack of All Games subsidiary. Take-Two's common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at www.take2games.com. All trademarks and copyrights contained herein are the property of their respective holders.

About Konami

Konami is a leading developer, publisher and manufacturer of electronic entertainment properties. Konami's titles include the popular franchises Metal Gear Solid(R), Silent Hill(R), Dance Dance Revolution(R) and Castlevania(R), among other top sellers. The latest information about Konami can be found on the Web at www.konami.com. Konami Corporation is a publicly traded company based in Tokyo, Japan, with subsidiary offices, Konami Digital Entertainment, Co., Ltd., in Tokyo, Japan, Konami Digital Entertainment, Inc., in the United States and Konami Digital Entertainment GmbH in Frankfurt, Germany. Konami Corporation is traded in the United States on the New York Stock Exchange under the ticker symbol KNM. Details of the products published by Konami can be found at www.konami.com.

All trademarks and copyrights contained herein are the property of their respective holders.

Major League Baseball trademarks and copyrights are used with permission of Major League Baseball Properties, Inc. Visit the official Major League Baseball website at MLB.com (C) MLBPA-Official Licensee, Major League Baseball Players Association. Visit www.MLBPLAYERS.com, the Players Choice on the web.

"PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc.

Wii and Nintendo DS are trademarks of Nintendo.

Important Legal Information

In connection with the tender offer commenced by Electronic Arts Inc., the Company has filed with the Securities Exchange Commission a Solicitation/Recommendation Statement on Schedule 14D-9. The Company's stockholders should read carefully the Solicitation/Recommendation Statement on Schedule 14D-9 (including any amendments or supplements thereto) prior to making any decisions with respect to Electronic Arts' tender offer because it contains important information. Free copies of the Solicitation/Recommendation Statement on Schedule 14D-9 and the related amendments or supplements thereto that the Company has filed with the SEC are available at the SEC's website at www.sec.gov. This communication does not constitute an offer to sell or invitation to purchase any securities or the solicitation of an offer to buy any securities, pursuant to Electronic Arts' tender offer or otherwise.

This press release may contain forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements based on a variety of factors. These risks and uncertainties include the matters relating to the Special Committee's investigation of the Company's stock option grants and the restatement of our consolidated financial statements. The investigation and conclusions of the Special Committee may result in claims and proceedings relating to such matters, including previously disclosed shareholder and derivative litigation and actions by the Securities and Exchange Commission and/or other governmental agencies and negative tax or other implications for the Company resulting from any accounting adjustments or other factors. Further risks and uncertainties associated with Electronic Arts' tender offer to acquire the Company's outstanding shares are as follows: the risk that key employees may pursue other employment opportunities due to concerns as to their employment security with the Company; the risk that the acquisition proposal will make it more difficult for the Company to execute its strategic plan and pursue other strategic opportunities; the risk that the future trading price of our common stock is likely to be volatile and could be subject to wide price fluctuations; and the risk that stockholder litigation in connection with Electronic Arts' tender offer, or otherwise, may result in significant costs of defense, indemnification and liability. Other important factors are described in the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2007, in the section entitled "Risk Factors," as updated in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2008, in the section entitled "Risk Factors." All forward-looking statements are qualified by these cautionary statements and are made only as of the date they are made.

SOURCE: Take-Two Interactive Software, Inc.

2K Sports Bryan Lam, 415-507-7677 bryan.lam@2ksports.com
   or Konami Digital Entertainment, Inc. Tetsuya Hiyoshi, 310-220-8104 ht.68895@konami.com or Take-Two Interactive Software,
   Inc. Corporate Press/Investor Relations Meg Maise, 646-536-2932 meg.maise@take2games.com