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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
Wednesday, May 14, 2008
LTX Recognizes Texas Instruments' 300th Fusion/X-Series Tester Deployment
Comtex
NORWOOD, Mass., May 14, 2008 (PrimeNewswire via COMTEX News Network) ----LTX Corporation (Nasdaq:LTXX), a leading provider of semiconductor test solutions, today announced that Texas Instruments (TI) has deployed its 300th Fusion/X-Series test system. In recognition of reaching this milestone, LTX will present an achievement award to a management team from TI's worldwide operations group during a ceremony later today at LTX's Norwood, MA headquarters.
"Reaching this 300 system milestone with LTX demonstrates their ability to provide TI with the test products, services and support that we need to best serve our customers," noted Mike Hames, TI's senior vice president of ASP products. "LTX's scalable, compatible systems enable TI to cost-effectively deploy one test solution across our diverse product lines, giving us the flexibility we need to rapidly implement product mix changes and respond to market demands."
"LTX would like to congratulate TI on reaching this significant milestone, and thank them for their longstanding commitment to open, effective communication and cooperation," commented David Tacelli, chief executive officer and president of LTX. "Their insights and input have helped us rapidly advance our product and support offerings to address the ever-evolving needs of the marketplace with a comprehensive test solution built for the way our customers test. LTX is dedicated to continued collaboration with TI, and excited to be delivering the right combination of test performance and cost for an increasing number of their products."
ABOUT LTX
LTX Corporation (Nasdaq:LTXX) is a leading supplier of test solutions for the global semiconductor industry. LTX's X-Series, the industry's most comprehensive family of production-proven, compatible test systems, delivers a scalable solution that provides the right test performance and the right cost of test. Combined with LTX's industry-leading applications engineering and customer service teams, the X-Series enables companies to accelerate their time to market, optimize test economics and stay ahead of the technology curve. Additional information can be found at www.ltx.com.
LTX is a registered trademark of LTX Corporation.
All other trademarks are the property of their respective owners.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: LTX Corporation
LTX Corporation Mark Gallenberger 781.467.5417 mark_gallenberger@ltx.com www.ltx.com
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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