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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
Thursday, May 08, 2008
SteelEye Products Achieve EMC Qualification
Comtex
MENLO PARK, Calif., May 08, 2008 (BUSINESS WIRE) ----SteelEye Technology announced today that its award-winning LifeKeeper data replication and application protection products for Windows and Linux have been fully qualified by EMC Corporation and are now listed on the EMC Support Matrix (ESM), assuring customers that SteelEye products deliver the highest level of interoperability with EMC storage systems.
The ESM listing proves to SteelEye customers using EMC CLARiiON(R) and EMC Symmetrix(R) DMX networked storage systems that their SteelEye and EMC products have successfully completed stringent EMC interoperability testing, spanning every major platform and operating system.
With the qualification of SteelEye LifeKeeper, EMC CLARiiON and EMC Symmetrix users can take advantage of the enterprise-grade protection of SteelEye solutions, ensuring business continuity during periods of planned and unplanned downtime.
According to market research firm IDC, in 2007 EMC ranked #1 in the world for networked storage systems, comprised of NAS (network attached storage), Open SAN (storage area network), and iSCSI SAN systems. In the same report, EMC ranked #1 in external disk storage systems, the 10th consecutive year the company has held the top position.
By obtaining the ESM listing for its LifeKeeper business continuity, data replication and application protection solutions, SteelEye is affording greater flexibility to its customers, many of whom operate virtualized environments on top of Windows and Linux platforms. Platform-agnostic support is just one way SteelEye is simplifying the integration and use of sophisticated application and data protection technology.
"Qualifying LifeKeeper for ESM marks another significant milestone for SteelEye's market leadership in data replication, clustering and high availability software," noted Bob Williamson, SteelEye vice president of Products. "We have worked closely with EMC to ensure that our mutual customers have a superior and supported application protection solution for the operating system platform of their choice. The completion of work like this with EMC makes it easier for our customers to do business with SteelEye and our partners."
SteelEye LifeKeeper's successful completion of EMC E-Lab's testing validates both SteelEye LifeKeeper for Windows v6.1, which runs on 32bit and 64bit versions of Windows Server 2003 Standard Edition and Enterprise Edition operating system, and SteelEye LifeKeeper for Linux v6.2, which runs on RedHat EL and Novell SLES operating systems.
All configurations are qualified with EMC storage units: Symmetrix DMX/DMX2 and CLARiiON CX600/CX400, CX300, CX700/CX500, CX3FC and combo 40290, CX310c, DMX3/DMX4, and AX45.
About SteelEye Technology, Inc. (www.steeleye.com)
SteelEye is the leading provider of data and application availability management solutions for business continuity and disaster recovery for Linux, Windows and virtual environments.
The SteelEye family of data replication, high-availability clustering and disaster recovery solutions are priced and architected to enable enterprises of all sizes to ensure continuous availability of business-critical applications, servers and data.
To complement its software solutions, SteelEye also provides a full range of high-availability consulting and professional services to assist organizations with the assessment, design and implementation of solutions for ensuring high availability within their environments.
SteelEye is a wholly-owned subsidiary of SIOS Technology, Inc., listed on the Tokyo Stock Exchange less than 3744.
EMC, Symmetrix and CLARiiON are registered trademarks and E-Lab is a trademark of EMC Corporation. All other company and product names may be trademarks of their respective owners.
SOURCE: SteelEye Technology, Inc.
SteelEye Technology Greg Ewald, 650-213-1483 greg.ewald@steeleye.com or New Venture Communications Kirk Cowgill, 916-955-9517 kcowgill@newventurecom.com
Copyright Business Wire 2008
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