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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.
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Wednesday, July 23, 2008
Lexar Introduces JumpDrive(R) Solo Vault USB Flash Drive with FIPS Validation
Comtex
FREMONT, Calif., Jul 23, 2008 (BUSINESS WIRE) ----Lexar Media, a leading global provider of memory products for digital media, today introduced Lexar JumpDrive Solo Vault, a FIPS validated USB personal storage device. The high-speed USB flash drive is a standalone portable drive that offers advanced 256-bit AES encryption with Federal Information Processing Standard 140-2 Level 1 (FIPS 140-2) certified security software that requires no centralized management. The complete out-of-the-box solution offers tamper-proof data security--ideal for organizations working with sensitive materials, such as health care and insurance institutions, government agencies, and banks as well as small- to medium-sized businesses.
FIPS-Certified Security Protects Critical Data
Lexar JumpDrive Solo Vault utilizes one of the world's most secure and proven software encryption algorithms. Notably, the device's standards-based 256-bit AES encryption is distinguished with FIPS 140-2 certification, the definitive testing standard for any hardware used by the United States Military, as well as other departments and agencies of the Federal Government. All FIPS 140-2 certified memory devices must adhere to a rigorous set of standards and conditions.
Among the many security features of Lexar JumpDrive Solo Vault are advancements such as idle time-out, up to 32-byte password size, and a FIPS-approved algorithm for securely deleting files, ensuring that data can never be traced back. The software is copy-protected to maintain data integrity and safeguard against unauthorized copy attempts or brute-force attacks. Even when data from the drive is legitimately transferred entirely onto a similar device, it will not be accessible without a password. As an added security benefit, advanced data protection and authentication features allow users to reset their passwords at any time, without fear of losing valuable data.
Tabb Compton, senior enterprise sales manager at Lexar Media, noted: "It's well known that data security continues to be a major concern for both government agencies and the private sector. With its advanced, tested security technologies and high-speed performance, Lexar JumpDrive Solo Vault is an ideal solution for the security and value requirements demanded by forward-thinking organizations."
Straightforward Plug-and-Play Security and Functionality
The high-quality protection provided by Lexar JumpDrive Solo Vault is achieved seamlessly. Because the drive requires no administrative rights, no application installation, and no centralized management, users enjoy a simple and straightforward method for storing critical data safely and securely. A true plug-and-play solution, its robust security options and features are activated as soon as the drive is connected. For businesses looking to deploy USB encryption without expensive administrative overhead, the drive provides immediate, convenient security, superior storage, and high-speed efficiency. As an added benefit, Lexar JumpDrive Solo Vault supports built-in compression to boost capacity, allowing users to carry up to twice the physical space of the drive.
Blazing Fast Speed for Maximum Enterprise Efficiency
Along with security, speed is one of the most important and sought after features for enterprise USB flash drive users. With its impressive read/write speed rating, Lexar JumpDrive Solo Vault allows users to quickly, securely, and efficiently transfer very large files such as video clips and images. Lexar JumpDrive Solo Vault is available in 2GB and 4GB capacities. The 4GB version features 30MB/s minimum sustained read speed capability and 21MB/s minimum sustained write speed capability, while the 2GB version features 24MB/s minimum sustained read speed capability and 18MB/s minimum sustained write speed capability. Lexar JumpDrive Solo Vault can be found at: CDW (www.cdw.com), Zones (www.zones.com), and other fine direct market resellers.
About Lexar Media
Lexar Media is a leading marketer and manufacturer of NAND flash and DRAM memory products under the Lexar and Crucial brand names. Lexar also sells flash memory products under the Kodak brand. For more information about Lexar, visit www.lexar.com. For more information about Crucial products, visit www.crucial.com, www.crucial.com/uk or www.crucial.com/eu. Lexar Media, Inc. is a subsidiary of Micron Technology, Inc., and Lexar Media is a division of Micron Europe Limited, a division of Micron Semiconductor Asia Pte. Ltd., and a division of Micron Japan, Ltd.
About Micron Technology, Inc
Micron Technology, Inc., is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets DRAMs, NAND flash memory, CMOS image sensors, other semiconductor components, and memory modules for use in leading-edge computing, consumer, networking and mobile products. Micron's common stock is traded on the New York Stock Exchange (NYSE) under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com.
(C) 2008 Lexar Media, Inc. All rights reserved. Information is subject to change without notice. Lexar, the Lexar logo, and JumpDrive are trademarks of Lexar Media, Inc. Micron is a trademark of Micron Technology, Inc. All other brand or product names are trademarks or registered trademarks of their respective holders.
SOURCE: Lexar Media
DBA Public Relations Media: Scott Meaney, 212-388-1400 smeaney@dba-pr.com
Copyright Business Wire 2008 ********************************************************************** As of Saturday, 07-19-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-11-2008 for MU @ $7.58. 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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