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					Definition of Terms

Valuation Measures

Market Cap: The total dollar value of all outstanding shares. Computed as shares times
current market price. Capitalization is a measure of corporate size.

Enterprise Value: Market cap plus total debt minus total cash. EV is a measure of
theoretical takeover price, and is useful in comparisons against income statement line
items above the interest expense/income lines such as Revenue and EBITDA.

Price To Book Ratio: Current Price divided by the latest quarterly Book Value Per
Share.

Price To Earnings Ratio: Calculated by dividing the current Price by the sum of the
Primary Earnings Per Share from continuing operations BEFORE Extraordinary Items
and Accounting Changes over the last 4 quarters.

Price To Sales Ratio: Current Price divided by the Sales Per Share for the trailing 12
months. If there is a preliminary earnings announcement for a quarter that has recently
ended, the revenue (sales) values from this announcement will be used in calculating the
trailing 12 month revenue per share. See Enterprise Value/Revenue.

PEG Ratio: Forward-looking measure rather than typical earnings growth measures,
which look back in time (historical). Used to measure a stock's valuation against its
projected growth rate. Calculated as P/E Ratio divided by 5-yr expected growth rate.

Enterprise Value/Revenue: Firm value compared against Revenues. Provides a more
rigorous comparison than Price/Sales by removing the effects of capitalization from both
sides of the ratio. Since Revenue is unaffected by the interest income/expense line item,
the appropriate value comparison should also remove the effects of capitalization, as EV
does.

Enterprise Value/EBITDA: Firm value compared against EBITDA (Earnings before
interest, taxes, depreciation, and amortization). See Enterprise Value/Revenue.

Financial Highlights

Fiscal Year Ends: The date of the end of the firm's accounting year.

Most Recent Quarter: Date for the most recent quarter end for which data is available
on the Key Statistics page.

Profit Margin: Also known as Return on Sales, this value is the Net Income After Taxes
for the trailing 12 months divided by Total Revenue for the same period and is expressed
as a percentage.
Return on Assets: This value is the Income After Taxes for the trailing 12 months
divided by the Average Total Assets, expressed as a percentage. Average Total Assets is
calculated by adding the Total Assets for the 5 most recent quarters and dividing by 5.

Return on Equity: This value is the Income Available to Common Stockholders for the
trailing 12 months divided by the Common Equity and is expressed as a percentage.
Average Common Equity is calculated by adding the Common Equity for the 5 most
recent quarters and dividing Average by 5.

EBITDA: The accounting acronym EBITDA stands for "Earnings Before Interest, Tax,
Depreciation, and Amortization.

Net Income Avl to Common: This is the dollar amount accruing to common
shareholders for dividends and retained earnings. Income Available to Common
Shareholders is calculated as Income After Taxes plus Minority Interest and Equity in
Affiliates plus Preferred Dividends, General Partner Distributions and U.S. GAAP
(Generally Accepted Accounting Principles) Adjustments.

EPS: This is the Adjusted Income Available to Common Stockholders (based on
Generally Accepted Accounting Principles, GAAP) for the trailing 12 months divided by
the trailing 12 month weighted average shares outstanding. Diluted EPS utilizes diluted
weighted average shares in the calculation, or the weighted average shares assuming all
convertible securities are exercised.

Book Value: This is defined as the Common Shareholder's Equity divided by the Shares
Outstanding at the end of the most recent fiscal quarter.

Sales (Revenue) Per Share: This value is the trailing 12 month Total Revenue divided
by the Average Primary Shares Outstanding for the trailing 12 months.

Cash Per Share: This is the Total Cash plus Short Term Investments divided by the
Shares Outstanding at the end of the most recent fiscal quarter.

Total Cash: The total cash and short-term investments on the balance sheet as of the
most recent quarter.

Current Ratio: This is the ratio of Total Current Assets for the most recent quarter
divided by Total Current Liabilities for the same period.

Total Debt To Total Equity: This ratio is Total Debt for the most recent fiscal quarter
divided by Total Shareholder Equity for the same period.

Free Cashflow: Cash not required for operations or for reinvestment. Calculated as
operating cashflow plus minus change in working capital plus net interest expense minus
capital expenditures.
Stock Price History

Beta: The Beta used is Beta of Equity. Beta is the monthly price change of a particular
company relative to the monthly price change of the S&P500. The time period for Beta is
5 years when available, and not less than 2.5 years. This value is updated monthly.

Price: This is the Closing or Last Bid Price. It is also referred to as the Current Price. For
NYSE, AMEX, and Nasdaq traded companies, the Price is the previous Friday's closing
price. For companies traded on the National Quotation Bureau's "Pink Sheets," and OTC
bulletin boards, it is the bid price obtained at the time the report is updated.

Price, 52 Week High: This price is the highest Price the stock traded at in the last 12
months. This could be an intraday high.

Price, 52 Week Low: This price is the lowest Price the stock traded at in the last 12
months. This could be an intraday low.

Moving Average: Used in charts and technical analysis, the average of security or
commodity prices constructed in a period as short as a few days or as long as several
years, and showing trends for the latest interval. As each new variable is included in
calculating the average, the last variable of the series is deleted.

Share Statistics

3 Month Average Daily Volume: This is the monthly average of the cumulative trading
volume during the last 3 months divided by 22 days.

Shares Outstanding: This is the number of shares of common stock currently
outstanding -- the number of shares issued minus the shares held in treasury. This field
reflects all offerings and acquisitions for stock made after the end of the previous fiscal
period.

Float: This is the number of freely traded shares in the hands of the public. Float is
calculated as Shares Outstanding minus Shares Owned by Insiders, 5% Owners, and Rule
144 Shares.

Shares Short: This is the number of shares currently borrowed by investors for sale, but
not yet returned to the owner (lender).

Short Ratio: This represents the number of days it would take to cover the Short Interest
if trading continued at the average daily volume for the month. It is calculated as the
Short Interest for the Current Month divided by the Average Daily Volume.

Short % of Float: Number of shares short divided by float.

Dividends & Splits
Dividend(ttm): The sum of all dividends paid out in the trailing twelve month period.

Dividend Yield: This value is the current percentage dividend yield based on the present
cash dividend rate. It is calculated as the Dividend(ttm) divided by the previous close
price, multiplied by 100.

Ex-Dividend Date: The first day of trading when the seller, rather than the buyer, of a
stock will be entitled to the most recently announced dividend payment. The date set by
the NYSE (and generally followed on other U.S. exchanges) is currently two business
days before the record date. A stock that has gone ex-dividend is denoted by an x in
newspaper listings on that date.

				
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