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eResearchTechnology Reports Third Quarter 2008 Results
Date:10/30/2008

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Investing activities:

Purchases of property and equipment (10,066) (6,966)

Purchases of investments (50,108) -

Proceeds from sales of investments 48,617 8,747

Payments for acquisition - (4,964)

Net cash used in

investing activities (11,557) (3,183)

Financing activities:

Repayment of capital lease obligations (1,962) (1,085)

Proceeds from exercise of stock options 1,600 1,502

Stock option income tax benefit 628 839

Net cash provided by

financing activities 266 1,256

Effect of exchange rate changes on cash 269 (610)

Net increase in cash and cash equivalents 11,701 24,244

Cash and cash equivalents, beginning

of period 15,497 38,082

Cash and cash equivalents, end of period $27,198 $62,326


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SOURCE eResearchTechnology, Inc.
Copyright©2008 PR Newswire.
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