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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.
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Thursday, July 10, 2008
Switch and Data Announces Second Quarter 2008 Earnings Call
Comtex
TAMPA, Fla., Jul 10, 2008 (BUSINESS WIRE) ----Switch & Data Facilities Company, Inc. (NASDAQ:SDXC), a leading provider of network neutral interconnection and colocation services, today announced that it will release financial results for second quarter 2008 after the market close on Tuesday, July 29, 2008. Management will host a conference call at 4:30 p.m. Eastern Time the same day as the earnings release.
The conference call will be webcast and can be accessed from the Investor Relations section of the Company's website at www.switchanddata.com. Participants can access the call by dialing 888-680-0892 or 617-213-4858 (international) and providing passcode 64037880.
Switch and Data is offering call participants a pre-registration option that expedites access to the call and minimizes hold times. Pre-registrants will be issued a pin number to be used when dialing into the live call which will provide quick access to the conference call by bypassing the operator upon connection. Pre-registration is not mandatory. Those who would like to take advantage of pre-registration can do so by copying the following link into their browser:
https://www.theconferencingservice.com/prereg/key.process?key=P6DL LW4A8 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
If you are unable to participate during the live webcast, a replay of the conference call will be available beginning at 6:30 p.m. Eastern Time on Tuesday, July 29, 2008 through 11:59 p.m. Tuesday, August 5, 2008. To listen to the replay, dial toll-free 888-286-8010 or international callers 617-801-6888 and enter passcode 15123121. In addition, the webcast will be archived on the Company's website at www.switchanddata.com.
About the Company
Switch and Data is a premier provider of network-neutral data centers that house, power, and interconnect the Internet. Leading content companies, enterprises, and communications service providers rely on Switch and Data to connect to customers and exchange Internet traffic. Switch and Data has built a reputation for world-class service, delivered across the broadest colocation footprint and richest network of interconnections in North America. Switch and Data operates 34 sites in the U.S. and Canada, provides one of the highest customer satisfaction scores for technical and engineering support in the industry, and is home to PAIX(R) - the world's first commercial Internet exchange. For more information, please visit www.switchanddata.com.
Forward Looking Statements
Certain statements made during the conference call could be "forward-looking statements" which are not historical facts but instead reflect management's current expectations or beliefs concerning future events and results of operations, many of which, by their nature, are inherently uncertain and outside of the Company's control. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, those described from time to time in the Company's filings with the Securities and Exchange Commission. In particular, see Annual Report on Form 10-K for fiscal year ended December 31, 2007, and subsequent Reports on Form 10-Q and 8-K, copies of which are available upon request from Switch and Data. The Company does not assume any obligation to update the forward-looking information made during this conference call.
SOURCE: Switch & Data Facilities Company, Inc.
for Switch & Data Investor Relations: Kathleen Heaney, 646-277-1218 ir@switchanddata.com
Copyright Business Wire 2008
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