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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 / Telecom
Tuesday, July 08, 2008
Virgin Mobile USA Adds 'Sparc' to Affordable, Stylish No-Contract Phone Lineup
Comtex
WARREN, N.J., July 8, 2008 /PRNewswire-FirstCall via COMTEX/ ----Virgin Mobile USA announced its newest handset for 2008, the UTStarcom Arc. A flip phone outlined with stylish curves, the Arc is finished in a trendsetting red soft-feel touch. This affordable mobile phone, which includes Bluetooth(R) wireless technology and a camera, brings another cost-effective and attractive product to Virgin Mobile USA's lineup, offering its millions of customers yet another desirable handset available without an annual contract.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080708/NYTU045 )
(Logo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE )
A recent survey of Virgin Mobile USA customers finds that two-thirds prefer simple phones that support basic needs, including calling, Bluetooth(R) wireless technology, e-mail and messaging capabilities.* The Arc was designed for consumers who want a phone for what it does best -- making and receiving calls and instant messages.
According to Matias Monges, Virgin Mobile USA's Director of Mobile Devices, "The Arc offers a very reasonably priced camera phone with a fashion- conscious finish for consumers who want to capture spontaneous moments with a little style. And with Bluetooth(R) wireless technology, we're sweetening the deal with additional value."
The ARC gives Virgin Mobile USA customers access to a variety of calling and messaging plans without annual contracts, including the recently introduced Totally Unlimited voice plan that provides unlimited calling for $79.99 without roaming charges, activation fees or a two-year commitment.
Here are a few more things ARC can brag about:
-- Small and compact, this clamshell phone is 3.6" x 1.9" x 0.8" -- the perfect size to slip into a bag or pocket, weighing in at only 3.0 oz. without causing any unsightly bulges!
-- ARC is designed by UTStarcom, and priced at a reasonable $49.99, with a VGA camera, mobile web browsing, IM and e-mail.
-- Preloaded games provide entertainment, while a range of animated and Real Music ringtones are there to amuse ... or annoy.
-- ARC also comes with the enhanced Virgin Mobile USA user interface for a slightly cooler look and feel than the average 'lump of phone.'
-- 210 minutes of talk time, 14.5 days of standby time, and room for 500 contacts make this the perfect phone for the socially connected.
About UTSTARCOM
UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its broadband, wireless, and handset solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and development operations in the United States, Canada, China, Korea and India. For more information about UTStarcom, visit the company's Web site at http://www.utstar.com.
About Virgin Mobile USA, Inc.
Virgin Mobile USA [NYSE: VM], through its operating company Virgin Mobile USA, L.P., offers millions of customers control, flexibility and choice through monthly Plans Without Annual Contracts, with national coverage powered by the Sprint PCS Network. Virgin Mobile USA's full slate of smart, stylish and affordable handsets, including the Wild Card, Slash and Flare, are available at approximately 40,000 top retailers nationwide and online at http://www.virginmobileusa.com/, with Top-Up cards available at more than 140,000 locations. J.D. Power and Associates ranked Virgin Mobile USA highest in customer satisfaction among wireless prepaid services in both 2006 and 2007, and its customers report a 90% satisfaction rate.
Virgin Mobile USA allows customers to earn free minutes in exchange for viewing advertising content online through the innovative Sugar Mama program; and contributes a portion of profits from downloadable content to The RE*Generation, its pro-social initiative to help homeless youth.
Bluetooth is a trademark of Bluetooth SIG, Inc. Bluetooth trademarks are owned by Bluetooth SIG, Inc.
*MSI, Interviews with 800 Virgin Mobile USA customers, 1Q08
SOURCE Virgin Mobile USA
http://www.virginmobileusa.com
Copyright (C) 2008 PR Newswire. All rights reserved
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