JPMorgan Chase & Co. (NYSE: JPM)
Q2 2008 Earnings Conference Call
June 17, 2008 8:00 AM ET

Management Summary

Operator

Good morning, ladies and gentlemen and welcome to the JPMorgan Chase Q2 2008 earnings call. This call is being recorded.

Today's presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements reflect management's current beliefs and speak only as of the date hereof.

In addition, such statements are, by their nature, subject to significant risks and uncertainties and the firm's actual returns may differ materially from those described in such forward-looking statements. Please refer to JPMorgan Chase's filings with the Securities and Exchange Commission, including its most recent Form 10-K and Form 10-Q for a description of the risk and factors that could cause the firm's results to differ materially from those described in the forward-looking statements.

eBay, Inc. (NASDAQ: EBAY)
Q2 2008 Earnings Conference Call
July 16, 2008 5:00 PM ET

Management Summary

Operator

Good day and welcome, everyone to eBay's Q2 2008 earnings results conference call. Today's call is being recorded.

With us today from the company is the Chief Executive Officer John Donahoe and the Chief Financial Officer Bob Swan. At this time, I would like to turn the conference over to Mark Rowen, VP of Investor Relations. Please go ahead, sir.

Mark Rowen, Vice President of Investor Relations

Thank you, operator. Good afternoon, everyone. Thanks for joining us and welcome to eBay's earnings release conference call for the second quarter of 2008. Joining me today on the call are John Donahoe, our President and Chief Executive Officer; and Bob Swan, our Chief Financial Officer.

Intel Corporation (NASDAQ: INTC)
Q2 2008 Earnings Conference Call
July 15, 2008 5:30 PM ET

Management Summary

Operator

Good day, ladies and gentlemen and welcome to the second quarter 2008 Intel Corporation earnings conference call. (Operator Instructions) I would now like to turn the presentation over to your host for today's call, Mr. Kevin Sellers, Vice President of Investor Relations. Please proceed, sir.

Kevin Sellers, Vice President of Investor Relations

Thank you and welcome everyone to Intel's Q2 2008 earnings conference call. Joining me on today's call are Chief Executive Officer Paul Otellini and Chief Financial Officer Stacy Smith. This call is being webcast live and a replay will be posted to our website at approximately 5:00 PM Pacific time and will remain there for approximately two months.

Genentech, Inc. (NYSE: DNA)
Q2 2008 Earnings Conference Call
July 14, 2008 4:45 PM ET

Management Summary

Operator

I would like to welcome everyone to the Genentech second quarter 2008 earnings conference. (Operator Instructions) It is now my pleasure to introduce your host, Ms. Katherine Littrell, Vice President of Investor Relations. Ms. Littrell, you may begin.

Katherine Littrell, Vice President of Investor Relations

Thank you, Gerald. Good afternoon everyone and thank you for joining our Q2 2008 earnings call. We have posted an earnings call slide set on our website, as per our usual, on www.gene.com.

This call is being electronically recorded and is copyrighted by Genentech. No reproductions, retransmissions, or copies of this conference call can be made without the written permission of Genentech.

General Electric Company (NYSE: GE)
Q2 2008 Earnings Conference Call
July 11, 2008 8:30 AM ET

Management Summary

Operator

Welcome to the General Electric Q2 2008 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded. I would now like to turn the program over to your host for today's conference, Dan Janki, VP of Investor Communications.

Dan Janki, Vice President, Investor Communications

Thank you. First of all, I would like to welcome everyone. Joanne and I are pleased to host today's conference call. The press release went out this morning at 6:30 AM with our financial information; that, along with today's presentation and supplemental financials, is available at our investor website at www.ge.com/investor. You can follow along via the webcast or you download and print the information. Today's presentation does contain forward-looking statements based on the world and economic environment as we see it today, and it is subject to change.

We will be going through today in the presentation an update on second quarter operations and financial results and our outlook on third quarter. To do that we have our Chairman and CEO, Jeff Immelt; and our Vice Chairman and CFO, Keith Sherin.

Marriott International, Inc. (NYSE:MAR)
F2Q08 Earnings Conference Call
July 10, 2008 10:00 AM ET

Management Summary

Operator

(Operator Instructions) Good day and welcome to this Marriott International second quarter 2008 earnings conference call. Today's call is being recorded. At this time for opening remarks and introductions, I would like to turn the call over to Executive Vice President, Chief Financial Officer, and President of the Continental European Lodging, Mr. Arne Sorenson. Please go ahead, sir.

Arne M. Sorenson, Chief Financial Officer, Executive Vice President, President - Continental European Lodging

Thank you, Kat. Good morning, everyone. Welcome to our second quarter 2008 earnings conference call. Joining me today are Laura Paugh, Senior Vice President, Investor Relations; Carl Berquist, Executive Vice President, Financial Information and Enterprise Risk Management; and Betsy Daum, Senior Director, Investor Relations.

Before I get into the discussion of our results, let me first remind everyone that many of our comments today are not historical facts and are considered forward-looking statements under federal securities laws. These statements are subject to numerous risks and uncertainties as described in our SEC filings which could cause future results to differ materially from those expressed in or implied by our comments.

Alcoa's Q2 2008 earnings transcript
Alcoa, Inc. (NYSE: AA)
Q2 2008 Earnings Conference Call

Management Summary

Operator

Good day, ladies and gentlemen, and welcome to the Q2 2008 Alcoa earnings conference call. (Operator Instructions) I would now like to turn the presentation over to your host for today's conference, Mr. Greg Aschman, Director of Investor Relations. Please proceed, sir.

Greg Aschman, Director of Investor Relations

Thanks, Kim. Good afternoon, everyone. Thank you for attending Alcoa's second quarter 2008 analyst conference. On today's conference Chuck McLane, Executive Vice President and Chief Financial Officer will review the second quarter financial results. Klaus Kleinfeld, President and Chief Executive Officer, will highlight current market conditions, industry fundamentals and review Alcoa's strategic priorities. Bill Christopher, Executive Vice President and President of Alcoa's engineered products and solutions business will provide an overview of this business, including performance improvements and growth potential.

Oracle Corporation (NASDAQ: ORCL)
F4Q08 Earnings Conference Call
June 25, 2008 5:00 PM ET

Management Summary

Operator

Good day, everyone and welcome to today's Oracle Corporation quarterly conference call. Today's conference is being recorded. At this time, I would like to introduce Roy Lobo, Head of Investor Relations of Oracle. Please go ahead, sir.

Roy Lobo, Investor Relations

Thank you, operator. Good afternoon, everyone and welcome to Oracle's fourth quarter and fiscal year 2008 earnings conference call. This is Roy Lobo, Head of Investor Relations. With me on the call are Oracle's Chief Executive Officer Larry Ellison; Oracle's President and Chief Financial Officer Safra Catz; and Oracle's President Charles Phillips.

We will begin with a few prepared remarks and then take a few questions from the audience.

Let me begin by reminding everyone that today's discussions may include predictions, estimates, or other information that might be considered forward looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that can cause actual results to differ materially.

You are cautioned not to place undue reliance on these forward-looking statements which reflect our opinion only as of the date of this presentation. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revisions of these forward-looking statements in light of new information or future events.

Morgan Stanley (NYSE: MS)
F2Q08 Earnings Conference Call
June 18, 2008 11:00 AM ET

Management Summary

Operator
Welcome to the Morgan Stanley conference call. The following is a live broadcast by Morgan Stanley and is provided as a courtesy. Please note that this call is being broadcast on the internet through the company's website at www.morganstanley.com. A replay of the call and the webcast will be available through the company's website, and by phone, through July 18th, 2008.

This presentation may contain forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements, which: speak only as of the date on which they are made; which reflect management's current estimates, projections, expectations or beliefs; and which are subject to risks and uncertainties that may cause actual results to differ materially.

Goldman Sachs Group, Inc. (NYSE: GS)
F2Q08 Earnings Conference Call
June 17, 2008 11:00 AM ET

Management Summary

Operator

I would like to welcome everyone to the Goldman Sachs' second quarter 2008 earnings conference call. (Operator Instructions) Mr. Holmes, you may begin your conference.

Dane Holmes, Head of Investor Relations

Hello, this is Dane Holmes, Head of Investor Relations at Goldman Sachs. Good morning and welcome to our second quarter earnings conference call.

Today's call may include forward-looking statements. These statements represent the firm's belief regarding future events that, by their nature, are uncertain and outside of the firm's control. The firm's actual results and financial condition may differ -- possibly materially -- from what is indicated in those forward-looking statements.

For a discussion of some of the risks and factors that could affect the firm's future results, please see the "Description of Risk Factors" in our current annual report on Form 10-K for the fiscal year ended November, 2007.

I would also direct you to read the forward-looking disclaimers in our quarterly earnings release, particularly as it relates to our investment banking transaction backlog. You should also read the information on the calculation of non-GAAP financial measures that is posted on the Investor Relations portion of our website at www.gs.com.

Dell, Inc. (NASDAQ: DELL)
F1Q09 Earnings Conference Call
May 29, 2008 5:00 PM ET

Management Summary

Operator

Good afternoon and welcome to the Dell Incorporated F1Q09 earnings conference call. (Operator Instructions) I would like to turn the call over to Ms. Lynn A. Tyson, Vice President of Investor Relations. Ms. Tyson, you may begin.

Lynn A. Tyson, Vice President of Investor Relations

Thank you. With me today are Chairman and CEO Michael Dell; Vice Chairman and CFO Don Carty; and I'm very pleased to introduce Brian Gladden, SVP and our incoming CFO.

Don will review our first quarter results, Brian will make a few comments and then he'll turn the call over to Michael who will cover our strategy and progress on our long-term goals. Then we will move on to Q&A.

Time Warner Inc. (NYSE: TWX)
Q4 2007 Earnings Conference Call
Wednesday February 6, 2008 at 10:30 AM ET

Corporate Participants

James E. Burtson, Senior Vice President, Investor Relations
Jeffrey L. Bewkes, President and Chief Executive Officer
John K. Martin, Executive Vice President and Chief Financial Officer

Management Summary

Operator

Hello, and welcome to the Time Warner Fourth Quarter 2007 Earnings Call. At this time, all participants are in a listen-only mode. During the question and answer and session, please press star one on your touch-tone phone to ask a question. Today's conference is being recorded. If you have any objections, you may disconnect at this time. Now, I'll turn the call over to James Burtson, Senior Vice President of Investor Relations. Sir, you may begin.

James E. Burtson, Senior Vice President, Investor Relations

Thanks, and good morning, everyone. Welcome to Time Warner's 2007 full year and fourth quarter earnings conference call. This morning, we issued two press releases, one detailing our results for the 2007 full year and fourth quarter, and the other providing our 2008 business outlook.

Before we begin, there are several items I need to cover. First we refer to non-GAAP measures, including such measures as operating income before depreciation and amortization or OIBDA and free cash flow. We use these measures when we analyze year-over-year comparisons. In order to enhance comparability, we eliminate certain items such as non-cash impairments, gains or losses from asset disposals, and amounts related to securities litigation and government investigations. We call this measure adjusted operating income before depreciation and amortization or adjusted OIBDA. A schedule setting out reconciliations of these historical non-GAAP financial measures to operating income and cash provided by operations or the other most directly comparable GAAP financial measure as applicable are included in our earnings release or trending schedules. These reconciliation are available on the company's website at www.timewarner.com/investors. A reconciliation of our expected future financial performance is also included in the business outlook release that is available on our website.

Second, as a result of the sales of the Parenting Group, most of the Time4 Media magazine titles, The Progressive Farmer Magazine, Leisure Arts, the Atlanta Braves baseball franchise, Tegic Communications and Wildseed, the company has presented the operating results for these businesses as discontinued operations for all periods presented. The 2006 operating results of Time Warner Book Group and the Turner South network, as well as cable systems transferred to Comcast in the Adelphia/Comcast transaction are reflected as discontinued operations as well.

Google Inc (NASDAQ: GOOG)
2007 Q4 Earnings Conference Call
Thursday, January 31, 2008, 4:30 PM ET

Corporate Participants

Dr. Eric Schmidt, Chairman of the Board and Chief Executive Officer
George Reyes, Senior Vice President & Chief Financial Officer
Larry Page, Co-Founder & President, Products
Sergey Brin, Co-Founder & President, Technology
Jonathan Rosenberg, Senior Vice President, Product Management
Omid Kordestani, Senior Vice President, Global Sales & Business Development

Management Summary

Operator

Good day and welcome everyone to the Google Inc. Conference Call. Today's call is being recorded. At this time, I would like to turn the call over to Krista Bessinger. Please go ahead, ma'am.

Company Representative

Good afternoon everyone and welcome to today's fourth quarter 2007 earnings conference call. With us are Eric Schmidt, Chief Executive Officer; George Reyes, Chief Financial Officer; Larry Page, Founder and President of Products; Sergey Brin, Founder and President of Technology; Jonathan Rosenberg, Senior Vice President of Product Management, and Omid Kordestani, Senior Vice President of Global Sales and Operations. Eric, George, Larry and Sergey will provide their thoughts on the quarter and then Jonathan and Omid will join us for Q&A.

Please note that this call is being webcast on our Investor Relations website. Our press release issued a few minutes few ago was also posted on the website along with the slides that accompanies today's prepared remarks. A replay of this call will also be available on our Investor Relations website in a few hours.

Now let me quickly cover the Safe Harbor statement. Some of the statements we make today may be considered forward-looking, including statements regarding our investments, seasonality, traffic acquisition cost, increase in the cost of sales, international growth, operating margins, growth in headcount and our expected level of capital expenditures. These statements involve a number of risks and uncertainties that could actual results to differ materially. Please note that these forward-looking statements reflect our opinions only as of the date of this presentation and we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. Please refer to our SEC filings including our quarterly report on Form 10-Q for the quarter ended September 30th, 2007 as well as our earnings press release posted a few minutes ago for a more detailed description of the risk factors that may affect our results. Copies can be obtained from the SEC or by visiting the Investor Relations section of our website.

Also please note that certain financial measures we use on this call such as EPS, net income, operating margin and operating income are expressed on a non-GAAP basis and have been adjusted to exclude charges relating to stock-based compensation. We've also adjusted our net cash provided by operating activities to remove capital expenditures, which we refer to as free cash flow. Our GAAP results and GAAP to non-GAAP reconciliation can be found in our earnings press release on our website.

With that, it's my pleasure to turn the call over to Eric

Yahoo! Inc (NASDAQ: YHOO)
Q4 and Full Year 2007 Earnings Conference Call
Tuesday, January 29, 2008, 5:00 PM ET

Corporate Participants

Jerry Yang, CEO and Chief Yahoo!
Susan Decker, President
Blake Jorgensen, Chief Financial Officer

Management Summary

Operator

Good afternoon, ladies and gentlemen, and welcome to the Yahoo! Fourth Quarter 2007 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note that this conference is being recorded. I'll now turn the call over to Ms. Marta Nichols. Ms. Nichols, you may begin.

Marta Nichols, Investor Relations

Thank you and good afternoon. Welcome to Yahoo!'s fourth quarter earnings conference call. On the call today are members of our executive team, Jerry Yang, Sue Decker and Blake Jorgensen.

Before we begin, I'd like to remind you that matters discussed on this call contain forward-looking statements that involve risks and uncertainties concerning Yahoo!'s expected financial performance, as well as Yahoo!'s strategic and operational plans. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties included among others, the implementation and results of the company's ongoing strategic initiatives, the company's ability to compete with new or existing competitors, reduction in spending by or loss of marketing services customers, the demand by customers for Yahoo!'s premium services, acceptance by users of new products and services and risks related to join ventures and the integration of acquisitions. Other potential factors that could affect the company's business and financial results are included in the company's annual and quarterly reports, which are on file with the SEC. All information discussed on this call is as of today, January 29th, 2008, and Yahoo! does not intend and undertakes no duty to update this information to reflect future events or circumstances.

On the call today, we will discuss some non-GAAP financial measures and talking about the company's performance including operating income before depreciation, amortization and stock-based compensation expense, which will be referred to as operating cash flow, revenue excluding traffic acquisition costs which will be referred to as revenue ex-TAC, free cash flow, non-GAAP net income, and not net income per share. Reconciliations of these non-GAAP measures to the GAAP measures that the company considers most comparable can also be found on our website under Investor Relations. Jerry, Sue and Blake have some prepared remarks; then we'll have a brief Q&A session.

Now, I'd like to turn the call over to Jerry.

Texas Instruments Incorporated (NYSE: TXN)
4Q07/2007 Earnings Conference Call
January 22, 2008 5:30 PM ET

Corporate Participants

Ron Slaymaker, Vice President, Investor Relations
Kevin March, Senior Vice President and Chief Financial Officer

Management Summary

Operator

Good afternoon. My name is Michelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the Texas Instruments Fourth Quarter and 2007 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]. Thank you Mr. Slaymaker, you may begin your conference.

Ron Slaymaker, Vice President, Investor Relations

Good afternoon. Thank you for joining our fourth quarter 2007 earnings conference call. Kevin March, TI's Chief Financial Officer is with me today. For any of you who missed the release, you can find it on our website at ti.com/ir. This call is being broadcast live over the web and can be accessed through TI's website. A replay will be available through the web. This call will include forward-looking statements that involve risk factors that could cause TI's results to differ materially from management's current expectations. We encourage you to review the Safe Harbor statement contained in the earnings release published today as well as TI's most recent SEC filings for a complete description.

Our mid-quarter update to our outlook is scheduled this quarter for March 10th. We expect to narrow or adjust the revenue and earnings guidance ranges as appropriate with this update. In this call, all of our financial results will be described for continuing operations, including historical comparisons, unless otherwise indicated. In today's call, we will try to address the key questions that we believe are on those of your minds. Specifically, we realized that while many of you are excited about the analog opportunity for TI, you are also concerned about top line growth and the impact that changes in the wireless market might have. We will provide some data points and discuss where we are taking our wireless product lines strategically. In addition, many investors frequently ask about profitability and whether our margin goals of 55% gross margin and 30% operating margin are still intact. We'll address our financial goals and our progress toward these goals in this call.