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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, June 24, 2008
Majesco Entertainment Ships Cake Mania(R) 2 for Nintendo DS(TM)
Comtex
EDISON, N.J., June 24, 2008 /PRNewswire-FirstCall via COMTEX/ ----Majesco Entertainment Company (Nasdaq: COOL), an innovative provider of video games for the mass market, today announced it has shipped Cake Mania 2 for Nintendo DS(TM) to retail outlets nationwide. Developed by Digital Embryo, Cake Mania 2 is the sequel to Sandlot Games' award-winning online PC hit that has been downloaded 70 million times worldwide and sold more than 325,000 units on DS. A playable Cake Mania 2 demo will also be featured in approximately 10,000 Nintendo DS Download Stations at major retail locations nationwide this summer.
In Cake Mania 2, Jill Evans returns in a fantastic all-new cake-baking adventure where she can strive for fame, fortune, or maybe even love! Players use the stylus to lead Jill through more than 200 different levels of baking and frosting mania that include 50 unique kitchen upgrades: from new ovens, frosters and display stands to microwaves, shoes and TVs. Cake-bakers must work quickly and accurately to please 18 all-new demanding customers that include aliens, federal agents, rock stars and grannies. Plus, Jill's new non-linear baking experience with six possible endings will take her to exotic locations like an underwater theme park and outer space. Throw in new cake shapes, decorations and frosting flavors and players will have their stylus busy at all times throughout the main game and in the new Endless Baking mode.
Cake Mania 2 is rated E for Everyone, and is now available for a suggested retail price of $19.99. To watch the gameplay trailer and learn more, please visit www.majescoentertainment.com.
Cake Mania: In the Mix! for Wii(TM) is expected to ship this holiday season.
About Majesco Entertainment Company
Majesco Entertainment Company is a provider of video games for the mass market. Building on 20 years of operating history, the company is focused on developing and publishing a wide range of casual and family oriented video games on leading console and portable systems. Product highlights include Nancy Drew(TM), Cooking Mama(TM) and Cake Mania(R) 2 for Nintendo DS(TM) and Cooking Mama: Cook Off for Wii(TM). The company's shares are traded on the Nasdaq Stock Market under the symbol: COOL. Majesco is headquartered in Edison, NJ and has an international office in Bristol, UK. More information about Majesco can be found online at www.majescoentertainment.com.
About Sandlot Games
Sandlot Games Corporation, headquartered in Bothell, Washington, is the world's premier developer and publisher of casual and family-friendly games. Sandlot Games boasts a captivating portfolio of popular game titles and franchises including Cake Mania(R), Glyph(R), Super Granny(R), Tradewinds(R) and Westward(R). Sandlot Games reaches millions of game players worldwide through a variety of distribution channels including online, PC, PDA's, handhelds, videogame consoles and mobile phones. Since 2002, more than 100 million games have been downloaded by its loyal fan base. For more information or to play one of our award winning games, please visit us at www.sandlotgames.com.
Safe Harbor
Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by reference to a future period(s) or by the use of forward-looking terminology, such as "may," "will," "intend," "should," "expect," "anticipate," "estimate" or "continue" or the negatives thereof or other comparable terminology. The Company's actual results could differ materially from those anticipated in such forward-looking statements due to a variety of factors. These factors include but are not limited to, the demand for our products; our ability to complete and release our products in a timely fashion; competitive factors in the businesses in which we compete; continued consumer acceptance of our products and the gaming platforms on which our products operate; fulfillment of orders preliminarily made by customers; adverse changes in the securities markets and the availability of and costs associated with sources of liquidity. The Company does not undertake, and specifically disclaims any obligation, to release publicly the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
SOURCE Majesco Entertainment Company
http://www.majescoentertainment.com
Copyright (C) 2008 PR Newswire. All rights reserved
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