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 / Telecom

Wednesday, September 03, 2008

Orckit Communications to Present At the Jefferies 2nd Annual Technology Conference On September 10, 2008

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Comtex

TEL AVIV, Israel, Sep 3, 2008 (GlobeNewswire via COMTEX) ----Orckit Communications (Nasdaq:ORCT), a leading provider of Carrier Ethernet transport solutions for next-generation service provider networks, today announced that management will present at the Jefferies 2nd Annual Technology Conference in New York City on Wednesday, September 10, 2008 at 2:00 p.m. EST.

The presentation will be webcast live and can be accessed by going to the Orckit website at www.Orckit.com.

Analysts and portfolio managers who wish to attend the presentation or request a meeting with management should contact their Jefferies representative or Marybeth Csaby at (212) 896-1236 or mcsaby@kcsa.com.

About Orckit

Orckit Communications Ltd. is a leading provider of advanced telecom equipment targeting high capacity broadband services. Our products include Corrigent's CM product line of metro optical transport solutions, based on RPR and MPLS technologies, delivering packet transmission services in the metro area. For more information on Orckit, see www.Orckit.com

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Orckit Communications Ltd

KCSA Strategic Communications Investor Relations Jeff Corbin (212) 896-1214 jcorbin@kcsa.com Marybeth
   Csaby (212) 896-1236 mcsaby@kcsa.com

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