http://odeo.com/channels/149-earningsquarter Asruge no Who did what? Who did what? Who did what? en 40 Fri, 25 Apr 2008 14:30:47 -0700 Fri, 25 Apr 2008 14:30:47 -0700 http://odeo.com/episodes/22457127-Baidu-Stock-soars-after-earnings-call Press Release here:   Baidu Announces First Quarter 2008 Results BEIJING, April 24 /Xinhua-PRNewswire/ — Baidu.com, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the first quarter ended March 31, 2008 First Quarter 2008 Highlights — Total revenues in the first quarter of 2008 increased to RMB574.4 million (US$81.9 million), representing a 108.4% increase from the corresponding period in 2007. – Operating profit in the first quarter of 2008 increased to RMB147.4 million (US$21.0 million), representing a 99.6% increase from the corresponding period in 2007. – Net income in the first quarter of 2008 increased to RMB146.6 million (US$20.9 million), representing a 71.5% increase from the corresponding period in 2007. – Diluted earnings per share ("EPS") for the first quarter of 2008 were RMB4.22 (US$0.60); diluted EPS excluding share-based compensation expenses (non-G... Press Release here:   Baidu Announces First Quarter 2008 Results BEIJING, April 24 /Xinhua-PRNewswire/ — Baidu.com, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the first quarter ended March 31, 2008 First Quarter 2008 Highlights — Total revenues in the first quarter of 2008 increased to RMB574.4 million (US$81.9 million), representing a 108.4% increase from the corresponding period in 2007. – Operating profit in the first quarter of 2008 increased to RMB147.4 million (US$21.0 million), representing a 99.6% increase from the corresponding period in 2007. – Net income in the first quarter of 2008 increased to RMB146.6 million (US$20.9 million), representing a 71.5% increase from the corresponding period in 2007. – Diluted earnings per share ("EPS") for the first quarter of 2008 were RMB4.22 (US$0.60); diluted EPS excluding share-based compensation expenses (non-GAAP) for the first quarter of 2008 were RMB4.68 (US$0.67). Costs and expenses related to Baidu's Japan operations in the first quarter of 2008 were RMB30.1 million (US$4.3 million), which reduced diluted EPS by RMB0.87 (US$0.12). – The number of active online marketing customers during the first quarter grew to approximately 161,000, an increase of 3.9% from the previous quarter. "This was another excellent quarter for Baidu," said Robin Li, Baidu's chairman and CEO. "Our revenue growth remained strong and is an indication of our ability to execute our strategy of providing the best possible user experience and service to our customers. Instrumental to our growth were the ceaseless efforts of our sales force and customer service teams who continued to deliver strong results despite a long Chinese New Year holiday and severe snow storms across large parts of China. In addition, a larger customer base contributed to strong organic and Baidu Union growth." During the first quarter Baidu launched the public testing of Baidu Hi, an instant messaging platform complementing Baidu's suite of other already popular products such as Baidu Knows, Baidu Post Bar and Baidu Space. Initial results indicate a positive response to the new product. Baidu also recently signed an agreement with China Netcom (CNC). Under the agreement, Baidu and CNC created a jointly designed Baidu search page that CNC users are redirected to if they attempt to visit an incorrect or nonexistent URL. This arrangement allows CNC Internet users to find information they need more efficiently while increasing Baidu user traffic in a revenue sharing model. First Quarter 2008 Results Baidu reported total revenues of RMB574.4 million (US$81.9 million) for the first quarter ended March 31, 2008, representing a 108.4% increase from the corresponding period in 2007. Online marketing revenues for the first quarter were RMB572.7 million (US$81.7 million), representing a 108.5% increase from the first quarter of 2007. The growth was mainly driven by increases in the number of active online marketing customers as well as revenue per customer. Baidu had nearly 161,000 active online marketing customers in the first quarter of 2008, representing a sequential increase of 3.9% and an increase of 43.8% from the corresponding period in 2007. Revenue per online marketing customer for the first quarter remained stable sequentially at approximately RMB3,600 (US$513), and increased approximately 44.0% from the corresponding period in 2007. Traffic acquisition costs (TAC) as a component of cost of revenues were RMB76.6 million (US$10.9 million), representing 13.3% of total revenues, compared to 10.3% in the corresponding period in 2007. The increase in TAC as a percentage of total revenues primarily reflects the continued growth of revenue contribution from Baidu Union members. Bandwidth costs as a component of cost of revenues were RMB38.4 million (US$5.5 million), representing 6.7% of total revenues, compared to 7.8% in the corresponding period in 2007. Depreciation costs as a component of cost of revenues were RMB53.2 million (US$7.6 million), representing 9.3% of total revenues, compared to 9.4% in the corresponding period in 2007. Selling, general and administrative expenses were RMB147.0 million (US$21.0 million), representing an increase of 96.3% from the corresponding period in 2007, primarily due to expansion of the direct sales force. Research and development expenses were RMB51.4 million (US$7.3 million), representing a 105.9% increase from the corresponding period in 2007, primarily due to an increase in research and development staff. Share-based compensation expenses, which were allocated to related operating cost and expense line items, increased in aggregate by 32.5% to RMB16.2 million (US$2.3 million) in the first quarter of 2008 from RMB12.2 million in the corresponding period in 2007. Operating profit was RMB147.4 million (US$21.0 million), representing a 99.6% increase from the corresponding period in 2007. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB163.5 million (US$23.3 million) for the first quarter of 2008, a 90.1% increase from the corresponding period in 2007. Adjusted EBITDA (non-GAAP), which is defined in this announcement as earnings before interest, taxes, depreciation, amortization, other non- operating income and share-based compensation expenses, were RMB228.4 million (US$32.6 million) for the first quarter of 2008, representing a 93.5% increase from the corresponding period in 2007. Income tax expense was RMB10.9 million (US$1.5 million), compared to an income tax expense of RMB1.4 million in the first quarter of 2007. The increase in tax over previous quarters is due to expected increases in tax rates applied to two PRC-based subsidiaries as their tax holidays either expired or partially elapsed. Net income was RMB146.6 million (US$20.9 million), representing a 71.5% increase from the corresponding period in 2007. Basic and diluted EPS for the first quarter of 2008 amounted to RMB4.29 (US$0.61) and RMB4.22 (US$0.60), respectively. Net income excluding share-based compensation expenses (non-GAAP) was RMB162.8 million (US$23.2 million), a 66.6% increase from the corresponding period in 2007. Basic and diluted EPS excluding share-based compensation expenses (non-GAAP) for the first quarter of 2008 were RMB4.77 (US$0.68) and RMB4.68 (US$0.67), respectively. As of March 31, 2008, Baidu's cash, cash equivalents and short-term investments amounted to RMB1.7 billion (US$237.6 million). Net operating cash inflow and capital expenditures for the first quarter of 2008 were RMB248.9 million (US$35.5 million) and RMB158.5 million (US$22.6 million), respectively. A portion of the capital expenditure was associated with the construction of Baidu's new campus facility. Outlook for Second Quarter 2008 Baidu currently expects to generate total revenues in an amount ranging from RMB780 million (US$111 million) to RMB800 million (US$114 million) for the second quarter of 2008, representing a 94.4% to 99.4% increase from the corresponding period in 2007 and a 35.8% to 39.3% increase from the first quarter of 2008. This forecast reflects Baidu's current and preliminary view, which is subject to change.   Spread the Word! del.icio.us Digg StumbleUpon Help Press Release here:   Baidu Announces First Quarter 2008 Results BEIJING, April 24 /Xinhua-PRNewswire/ — Baidu.com, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the first quarter ended March 31, 2008 First Quarter 2008 Highlights — Total revenues in the first quarter of 2008 increased to RMB574.4 million (US$81.9 million), representing a 108.4% increase from the corresponding period in 2007. – Operating profit in the first quarter of 2008 increased to RMB147.4 million (US$21.0 million), representing a 99.6% increase from the corresponding period in 2007. – Net income in the first quarter of 2008 increased to RMB146.6 million (US$20.9 million), representing a 71.5% increase from the corresponding period in 2007. – Diluted earnings per share ("EPS") for the first quarter of 2008 were RMB4.22 (US$0.60); diluted EPS excluding share-based compensation expenses (non-GAAP) for the first quarter of 2008 were RMB4.68 (US$0.67). Costs and expenses related to Baidu's Japan operations in the first quarter of 2008 were RMB30.1 million (US$4.3 million), which reduced diluted EPS by RMB0.87 (US$0.12). – The number of active online marketing customers during the first quarter grew to approximately 161,000, an increase of 3.9% from the previous quarter. "This was another excellent quarter for Baidu," said Robin Li, Baidu's chairman and CEO. "Our revenue growth remained strong and is an indication of our ability to execute our strategy of providing the best possible user experience and service to our customers. Instrumental to our growth were the ceaseless efforts of our sales force and customer service teams who continued to deliver strong results despite a long Chinese New Year holiday and severe snow storms across large parts of China. In addition, a larger customer base contributed to strong organic and Baidu Union growth." During the first quarter Baidu launched the public testing of Baidu Hi, an instant messaging platform complementing Baidu's suite of other already popular products such as Baidu Knows, Baidu Post Bar and Baidu Space. Initial results indicate a positive response to the new product. Baidu also recently signed an agreement with China Netcom (CNC). Under the agreement, Baidu and CNC created a jointly designed Baidu search page that CNC users are redirected to if they attempt to visit an incorrect or nonexistent URL. This arrangement allows CNC Internet users to find information they need more efficiently while increasing Baidu user traffic in a revenue sharing model. First Quarter 2008 Results Baidu reported total revenues of RMB574.4 million (US$81.9 million) for the first quarter ended March 31, 2008, representing a 108.4% increase from the corresponding period in 2007. Online marketing revenues for the first quarter were RMB572.7 million (US$81.7 million), representing a 108.5% increase from the first quarter of 2007. The growth was mainly driven by increases in the number of active online marketing customers as well as revenue per customer. Baidu had nearly 161,000 active online marketing customers in the first quarter of 2008, representing a sequential increase of 3.9% and an increase of 43.8% from the corresponding period in 2007. Revenue per online marketing customer for the first quarter remained stable sequentially at approximately RMB3,600 (US$513), and increased approximately 44.0% from the corresponding period in 2007. Traffic acquisition costs (TAC) as a component of cost of revenues were RMB76.6 million (US$10.9 million), representing 13.3% of total revenues, compared to 10.3% in the corresponding period in 2007. The increase in TAC as a percentage of total revenues primarily reflects the continued growth of revenue contribution from Baidu Union members. Bandwidth costs as a component of cost of revenues were RMB38.4 million (US$5.5 million), representing 6.7% of total revenues, compared to 7.8% in the corresponding period in 2007. Depreciation costs as a component of cost of revenues were RMB53.2 million (US$7.6 million), representing 9.3% of total revenues, compared to 9.4% in the corresponding period in 2007. Selling, general and administrative expenses were RMB147.0 million (US$21.0 million), representing an increase of 96.3% from the corresponding period in 2007, primarily due to expansion of the direct sales force. Research and development expenses were RMB51.4 million (US$7.3 million), representing a 105.9% increase from the corresponding period in 2007, primarily due to an increase in research and development staff. Share-based compensation expenses, which were allocated to related operating cost and expense line items, increased in aggregate by 32.5% to RMB16.2 million (US$2.3 million) in the first quarter of 2008 from RMB12.2 million in the corresponding period in 2007. Operating profit was RMB147.4 million (US$21.0 million), representing a 99.6% increase from the corresponding period in 2007. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB163.5 million (US$23.3 million) for the first quarter of 2008, a 90.1% increase from the corresponding period in 2007. Adjusted EBITDA (non-GAAP), which is defined in this announcement as earnings before interest, taxes, depreciation, amortization, other non- operating income and share-based compensation expenses, were RMB228.4 million (US$32.6 million) for the first quarter of 2008, representing a 93.5% increase from the corresponding period in 2007. Income tax expense was RMB10.9 million (US$1.5 million), compared to an income tax expense of RMB1.4 million in the first quarter of 2007. The increase in tax over previous quarters is due to expected increases in tax rates applied to two PRC-based subsidiaries as their tax holidays either expired or partially elapsed. Net income was RMB146.6 million (US$20.9 million), representing a 71.5% increase from the corresponding period in 2007. Basic and diluted EPS for the first quarter of 2008 amounted to RMB4.29 (US$0.61) and RMB4.22 (US$0.60), respectively. Net income excluding share-based compensation expenses (non-GAAP) was RMB162.8 million (US$23.2 million), a 66.6% increase from the corresponding period in 2007. Basic and diluted EPS excluding share-based compensation expenses (non-GAAP) for the first quarter of 2008 were RMB4.77 (US$0.68) and RMB4.68 (US$0.67), respectively. As of March 31, 2008, Baidu's cash, cash equivalents and short-term investments amounted to RMB1.7 billion (US$237.6 million). Net operating cash inflow and capital expenditures for the first quarter of 2008 were RMB248.9 million (US$35.5 million) and RMB158.5 million (US$22.6 million), respectively. A portion of the capital expenditure was associated with the construction of Baidu's new campus facility. Outlook for Second Quarter 2008 Baidu currently expects to generate total revenues in an amount ranging from RMB780 million (US$111 million) to RMB800 million (US$114 million) for the second quarter of 2008, representing a 94.4% to 99.4% increase from the corresponding period in 2007 and a 35.8% to 39.3% increase from the first quarter of 2008. This forecast reflects Baidu's current and preliminary view, which is subject to change.   Spread the Word! del.icio.us Digg StumbleUpon Help tag:odeo.com,2008-04-25,22457127 Fri, 25 Apr 2008 14:30:47 -0700 no earningsquarter 2008 Q1, earningscast, CNC, Earnings Call, TAC, BIDU, Baidu http://odeo.com/episodes/22478334-Baidu-Stock-soars-after-earnings-call Press Release here:   Baidu Announces First Quarter 2008 Results BEIJING, April 24 /Xinhua-PRNewswire/ — Baidu.com, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the first quarter ended March 31, 2008 First Quarter 2008 Highlights — Total revenues in the first quarter of 2008 increased to RMB574.4 million (US$81.9 million), representing a 108.4% increase from the corresponding period in 2007. – Operating profit in the first quarter of 2008 increased to RMB147.4 million (US$21.0 million), representing a 99.6% increase from the corresponding period in 2007. – Net income in the first quarter of 2008 increased to RMB146.6 million (US$20.9 million), representing a 71.5% increase from the corresponding period in 2007. – Diluted earnings per share ("EPS") for the first quarter of 2008 were RMB4.22 (US$0.60); diluted EPS excluding share-based compensation expenses (non-G... Press Release here:   Baidu Announces First Quarter 2008 Results BEIJING, April 24 /Xinhua-PRNewswire/ — Baidu.com, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the first quarter ended March 31, 2008 First Quarter 2008 Highlights — Total revenues in the first quarter of 2008 increased to RMB574.4 million (US$81.9 million), representing a 108.4% increase from the corresponding period in 2007. – Operating profit in the first quarter of 2008 increased to RMB147.4 million (US$21.0 million), representing a 99.6% increase from the corresponding period in 2007. – Net income in the first quarter of 2008 increased to RMB146.6 million (US$20.9 million), representing a 71.5% increase from the corresponding period in 2007. – Diluted earnings per share ("EPS") for the first quarter of 2008 were RMB4.22 (US$0.60); diluted EPS excluding share-based compensation expenses (non-GAAP) for the first quarter of 2008 were RMB4.68 (US$0.67). Costs and expenses related to Baidu's Japan operations in the first quarter of 2008 were RMB30.1 million (US$4.3 million), which reduced diluted EPS by RMB0.87 (US$0.12). – The number of active online marketing customers during the first quarter grew to approximately 161,000, an increase of 3.9% from the previous quarter. "This was another excellent quarter for Baidu," said Robin Li, Baidu's chairman and CEO. "Our revenue growth remained strong and is an indication of our ability to execute our strategy of providing the best possible user experience and service to our customers. Instrumental to our growth were the ceaseless efforts of our sales force and customer service teams who continued to deliver strong results despite a long Chinese New Year holiday and severe snow storms across large parts of China. In addition, a larger customer base contributed to strong organic and Baidu Union growth." During the first quarter Baidu launched the public testing of Baidu Hi, an instant messaging platform complementing Baidu's suite of other already popular products such as Baidu Knows, Baidu Post Bar and Baidu Space. Initial results indicate a positive response to the new product. Baidu also recently signed an agreement with China Netcom (CNC). Under the agreement, Baidu and CNC created a jointly designed Baidu search page that CNC users are redirected to if they attempt to visit an incorrect or nonexistent URL. This arrangement allows CNC Internet users to find information they need more efficiently while increasing Baidu user traffic in a revenue sharing model. First Quarter 2008 Results Baidu reported total revenues of RMB574.4 million (US$81.9 million) for the first quarter ended March 31, 2008, representing a 108.4% increase from the corresponding period in 2007. Online marketing revenues for the first quarter were RMB572.7 million (US$81.7 million), representing a 108.5% increase from the first quarter of 2007. The growth was mainly driven by increases in the number of active online marketing customers as well as revenue per customer. Baidu had nearly 161,000 active online marketing customers in the first quarter of 2008, representing a sequential increase of 3.9% and an increase of 43.8% from the corresponding period in 2007. Revenue per online marketing customer for the first quarter remained stable sequentially at approximately RMB3,600 (US$513), and increased approximately 44.0% from the corresponding period in 2007. Traffic acquisition costs (TAC) as a component of cost of revenues were RMB76.6 million (US$10.9 million), representing 13.3% of total revenues, compared to 10.3% in the corresponding period in 2007. The increase in TAC as a percentage of total revenues primarily reflects the continued growth of revenue contribution from Baidu Union members. Bandwidth costs as a component of cost of revenues were RMB38.4 million (US$5.5 million), representing 6.7% of total revenues, compared to 7.8% in the corresponding period in 2007. Depreciation costs as a component of cost of revenues were RMB53.2 million (US$7.6 million), representing 9.3% of total revenues, compared to 9.4% in the corresponding period in 2007. Selling, general and administrative expenses were RMB147.0 million (US$21.0 million), representing an increase of 96.3% from the corresponding period in 2007, primarily due to expansion of the direct sales force. Research and development expenses were RMB51.4 million (US$7.3 million), representing a 105.9% increase from the corresponding period in 2007, primarily due to an increase in research and development staff. Share-based compensation expenses, which were allocated to related operating cost and expense line items, increased in aggregate by 32.5% to RMB16.2 million (US$2.3 million) in the first quarter of 2008 from RMB12.2 million in the corresponding period in 2007. Operating profit was RMB147.4 million (US$21.0 million), representing a 99.6% increase from the corresponding period in 2007. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB163.5 million (US$23.3 million) for the first quarter of 2008, a 90.1% increase from the corresponding period in 2007. Adjusted EBITDA (non-GAAP), which is defined in this announcement as earnings before interest, taxes, depreciation, amortization, other non- operating income and share-based compensation expenses, were RMB228.4 million (US$32.6 million) for the first quarter of 2008, representing a 93.5% increase from the corresponding period in 2007. Income tax expense was RMB10.9 million (US$1.5 million), compared to an income tax expense of RMB1.4 million in the first quarter of 2007. The increase in tax over previous quarters is due to expected increases in tax rates applied to two PRC-based subsidiaries as their tax holidays either expired or partially elapsed. Net income was RMB146.6 million (US$20.9 million), representing a 71.5% increase from the corresponding period in 2007. Basic and diluted EPS for the first quarter of 2008 amounted to RMB4.29 (US$0.61) and RMB4.22 (US$0.60), respectively. Net income excluding share-based compensation expenses (non-GAAP) was RMB162.8 million (US$23.2 million), a 66.6% increase from the corresponding period in 2007. Basic and diluted EPS excluding share-based compensation expenses (non-GAAP) for the first quarter of 2008 were RMB4.77 (US$0.68) and RMB4.68 (US$0.67), respectively. As of March 31, 2008, Baidu's cash, cash equivalents and short-term investments amounted to RMB1.7 billion (US$237.6 million). Net operating cash inflow and capital expenditures for the first quarter of 2008 were RMB248.9 million (US$35.5 million) and RMB158.5 million (US$22.6 million), respectively. A portion of the capital expenditure was associated with the construction of Baidu's new campus facility. Outlook for Second Quarter 2008 Baidu currently expects to generate total revenues in an amount ranging from RMB780 million (US$111 million) to RMB800 million (US$114 million) for the second quarter of 2008, representing a 94.4% to 99.4% increase from the corresponding period in 2007 and a 35.8% to 39.3% increase from the first quarter of 2008. This forecast reflects Baidu's current and preliminary view, which is subject to change.   Spread the Word! del.icio.us Digg StumbleUpon Help Press Release here:   Baidu Announces First Quarter 2008 Results BEIJING, April 24 /Xinhua-PRNewswire/ — Baidu.com, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the first quarter ended March 31, 2008 First Quarter 2008 Highlights — Total revenues in the first quarter of 2008 increased to RMB574.4 million (US$81.9 million), representing a 108.4% increase from the corresponding period in 2007. – Operating profit in the first quarter of 2008 increased to RMB147.4 million (US$21.0 million), representing a 99.6% increase from the corresponding period in 2007. – Net income in the first quarter of 2008 increased to RMB146.6 million (US$20.9 million), representing a 71.5% increase from the corresponding period in 2007. – Diluted earnings per share ("EPS") for the first quarter of 2008 were RMB4.22 (US$0.60); diluted EPS excluding share-based compensation expenses (non-GAAP) for the first quarter of 2008 were RMB4.68 (US$0.67). Costs and expenses related to Baidu's Japan operations in the first quarter of 2008 were RMB30.1 million (US$4.3 million), which reduced diluted EPS by RMB0.87 (US$0.12). – The number of active online marketing customers during the first quarter grew to approximately 161,000, an increase of 3.9% from the previous quarter. "This was another excellent quarter for Baidu," said Robin Li, Baidu's chairman and CEO. "Our revenue growth remained strong and is an indication of our ability to execute our strategy of providing the best possible user experience and service to our customers. Instrumental to our growth were the ceaseless efforts of our sales force and customer service teams who continued to deliver strong results despite a long Chinese New Year holiday and severe snow storms across large parts of China. In addition, a larger customer base contributed to strong organic and Baidu Union growth." During the first quarter Baidu launched the public testing of Baidu Hi, an instant messaging platform complementing Baidu's suite of other already popular products such as Baidu Knows, Baidu Post Bar and Baidu Space. Initial results indicate a positive response to the new product. Baidu also recently signed an agreement with China Netcom (CNC). Under the agreement, Baidu and CNC created a jointly designed Baidu search page that CNC users are redirected to if they attempt to visit an incorrect or nonexistent URL. This arrangement allows CNC Internet users to find information they need more efficiently while increasing Baidu user traffic in a revenue sharing model. First Quarter 2008 Results Baidu reported total revenues of RMB574.4 million (US$81.9 million) for the first quarter ended March 31, 2008, representing a 108.4% increase from the corresponding period in 2007. Online marketing revenues for the first quarter were RMB572.7 million (US$81.7 million), representing a 108.5% increase from the first quarter of 2007. The growth was mainly driven by increases in the number of active online marketing customers as well as revenue per customer. Baidu had nearly 161,000 active online marketing customers in the first quarter of 2008, representing a sequential increase of 3.9% and an increase of 43.8% from the corresponding period in 2007. Revenue per online marketing customer for the first quarter remained stable sequentially at approximately RMB3,600 (US$513), and increased approximately 44.0% from the corresponding period in 2007. Traffic acquisition costs (TAC) as a component of cost of revenues were RMB76.6 million (US$10.9 million), representing 13.3% of total revenues, compared to 10.3% in the corresponding period in 2007. The increase in TAC as a percentage of total revenues primarily reflects the continued growth of revenue contribution from Baidu Union members. Bandwidth costs as a component of cost of revenues were RMB38.4 million (US$5.5 million), representing 6.7% of total revenues, compared to 7.8% in the corresponding period in 2007. Depreciation costs as a component of cost of revenues were RMB53.2 million (US$7.6 million), representing 9.3% of total revenues, compared to 9.4% in the corresponding period in 2007. Selling, general and administrative expenses were RMB147.0 million (US$21.0 million), representing an increase of 96.3% from the corresponding period in 2007, primarily due to expansion of the direct sales force. Research and development expenses were RMB51.4 million (US$7.3 million), representing a 105.9% increase from the corresponding period in 2007, primarily due to an increase in research and development staff. Share-based compensation expenses, which were allocated to related operating cost and expense line items, increased in aggregate by 32.5% to RMB16.2 million (US$2.3 million) in the first quarter of 2008 from RMB12.2 million in the corresponding period in 2007. Operating profit was RMB147.4 million (US$21.0 million), representing a 99.6% increase from the corresponding period in 2007. Operating profit excluding share-based compensation expenses (non-GAAP) was RMB163.5 million (US$23.3 million) for the first quarter of 2008, a 90.1% increase from the corresponding period in 2007. Adjusted EBITDA (non-GAAP), which is defined in this announcement as earnings before interest, taxes, depreciation, amortization, other non- operating income and share-based compensation expenses, were RMB228.4 million (US$32.6 million) for the first quarter of 2008, representing a 93.5% increase from the corresponding period in 2007. Income tax expense was RMB10.9 million (US$1.5 million), compared to an income tax expense of RMB1.4 million in the first quarter of 2007. The increase in tax over previous quarters is due to expected increases in tax rates applied to two PRC-based subsidiaries as their tax holidays either expired or partially elapsed. Net income was RMB146.6 million (US$20.9 million), representing a 71.5% increase from the corresponding period in 2007. Basic and diluted EPS for the first quarter of 2008 amounted to RMB4.29 (US$0.61) and RMB4.22 (US$0.60), respectively. Net income excluding share-based compensation expenses (non-GAAP) was RMB162.8 million (US$23.2 million), a 66.6% increase from the corresponding period in 2007. Basic and diluted EPS excluding share-based compensation expenses (non-GAAP) for the first quarter of 2008 were RMB4.77 (US$0.68) and RMB4.68 (US$0.67), respectively. As of March 31, 2008, Baidu's cash, cash equivalents and short-term investments amounted to RMB1.7 billion (US$237.6 million). Net operating cash inflow and capital expenditures for the first quarter of 2008 were RMB248.9 million (US$35.5 million) and RMB158.5 million (US$22.6 million), respectively. A portion of the capital expenditure was associated with the construction of Baidu's new campus facility. Outlook for Second Quarter 2008 Baidu currently expects to generate total revenues in an amount ranging from RMB780 million (US$111 million) to RMB800 million (US$114 million) for the second quarter of 2008, representing a 94.4% to 99.4% increase from the corresponding period in 2007 and a 35.8% to 39.3% increase from the first quarter of 2008. This forecast reflects Baidu's current and preliminary view, which is subject to change.   Spread the Word! del.icio.us Digg StumbleUpon Help tag:odeo.com,2008-04-25,22478334 Fri, 25 Apr 2008 14:30:47 -0700 no earningsquarter 2008 Q1, earningscast, CNC, Earnings Call, TAC, BIDU, Baidu http://odeo.com/episodes/22456962-Google-beats-the-street-huge-rise-in-aftermarket Podcast Here: Slides Here: | View | Upload your own Press Release: GOOGLE ANNOUNCES FIRST QUARTER 2008 RESULTS MOUNTAIN VIEW, Calif. – April 17, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2008. "Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google," said Eric Schmidt, CEO of Google.  "As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners.  Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term." Q1 Financial Summary Google's results for the quarter ended March 31, 2008, include the operations of DoubleClick Inc. from the date of acquisition, March 11, 2008, through the end of the quarter, and are co... Podcast Here: Slides Here: | View | Upload your own Press Release: GOOGLE ANNOUNCES FIRST QUARTER 2008 RESULTS MOUNTAIN VIEW, Calif. – April 17, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2008. "Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google," said Eric Schmidt, CEO of Google.  "As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners.  Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term." Q1 Financial Summary Google's results for the quarter ended March 31, 2008, include the operations of DoubleClick Inc. from the date of acquisition, March 11, 2008, through the end of the quarter, and are compared to pre-acquisition results of prior periods. The overall impact of DoubleClick in the first quarter of 2008 was immaterial to revenue and only slightly dilutive to both GAAP and non-GAAP operating income, net income and earnings per share. Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, an increase of 42% compared to the first quarter of 2007 and an increase of 7% compared to the fourth quarter of 2007.  Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC.  In the first quarter of 2008, TAC totaled $1.49 billion, or 29% of advertising revenues. Google reports operating income, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis.  The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables. GAAP operating income for the first quarter of 2008 was $1.55 billion, or 30% of revenues.  This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007.  Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007.  Non-GAAP net income in the first quarter of 2008 was $1.54 billion, compared to $1.41 billion in the fourth quarter of 2007. GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007 on 318 million diluted shares outstanding.  Non-GAAP EPS in the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP EPS are computed net of stock-based compensation (SBC).  In the first quarter of 2008, the charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007.  Tax benefits related to SBC have also been excluded from these non-GAAP measures.  The tax benefit related to SBC was $51 million in the first quarter of 2008 and $42 million in the fourth quarter of 2007.  Reconciliations of non-GAAP measures to GAAP operating income, operating margin, net income, and EPS are included at the end of this release. Q1 Financial Highlights Revenues – Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, representing a 42% increase over first quarter 2007 revenues of $3.66 billion and a 7% increase over fourth quarter 2007 revenues of $4.83 billion.  Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC. Google Sites Revenues - Google-owned sites generated revenues of $3.40 billion, or 66% of total revenues, in the first quarter of 2008.  This represents a 49% increase over first quarter 2007 revenues of $2.28 billion and a 9% increase over fourth quarter 2007 revenues of $3.12 billion. Google Network Revenues - Google’s partner sites generated revenues, through AdSense programs, of $1.69 billion, or 33% of total revenues, in the first quarter of 2008.  This represents a 25% increase over network revenues of $1.35 billion generated in the first quarter of 2007 and a 3% increase over fourth quarter 2007 revenues of $1.64 billion. International Revenues - Revenues from outside of the United States totaled $2.65 billion, representing 51% of total revenues in the first quarter of 2008, compared to 47% in the first quarter of 2007 and 48% in the fourth quarter of 2007.  Had foreign exchange rates remained constant from the fourth quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $18 million lower. Had foreign exchange rates remained constant from the first quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $202 million lower. Revenues from the United Kingdom totaled $803 million, representing 15% of revenue in the first quarter of 2008, compared to 16% in the first quarter of 2007 and 14% in the fourth quarter of 2007. Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 20% over the first quarter of 2007 and approximately 4% over the fourth quarter of 2007. TAC - Traffic Acquisition Costs, the portion of revenues shared with Google’s partners, increased to $1.49 billion in the first quarter of 2008.  This compares to TAC of $1.44 billion in the fourth quarter of 2007.  TAC as a percentage of advertising revenues was 29% in the first quarter, compared to 30% in the fourth quarter of 2007. The majority of TAC expense is related to amounts ultimately paid to our AdSense partners, which totaled $1.34 billion in the first quarter of 2008.  TAC is also related to amounts ultimately paid to certain distribution partners and others who direct traffic to our website, which totaled $143 million in the first quarter of 2008. Other Cost of Revenues - Other cost of revenues, which is comprised primarily of data center operational expenses, credit card processing charges as well as content acquisition costs, increased to $624 million, or 12% of revenues, in the first quarter of 2008, compared to $516 million, or 11% of revenues, in the fourth quarter of 2007. Pursuant to our acquisition of DoubleClick, we allocated $862 million to identified intangible assets, which have a weighted average useful life of 6.3 years. Operating Expenses - Operating expenses, other than cost of revenues, were $1.53 billion in the first quarter of 2008, or 30% of revenues, compared to $1.43 billion in the fourth quarter of 2007, or 30% of revenues.  The operating expenses in the first quarter of 2008 included $809 million in payroll-related and facilities expenses, compared to $756 million in the fourth quarter of 2007. Stock-Based Compensation (SBC) – In the first quarter of 2008, the total charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007. We currently estimate stock-based compensation charges for grants to employees prior to April 1, 2008 to be approximately $1.1 billion for 2008.  This does not include expenses to be recognized related to employee stock awards that are granted after April 1, 2008 or non-employee stock awards that have been or may be granted.  We currently anticipate that dilution related to all equity grants to employees will be at or below 2% this year. Operating Income - GAAP operating income in the first quarter of 2008 was $1.55 billion, or 30% of revenues.  This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007.  Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues.  This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. Net Income – GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007.  Non-GAAP net income was $1.54 billion in the first quarter of 2008, compared to $1.41 billion in the fourth quarter of 2007.  GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007, on 318 million diluted shares outstanding.  Non-GAAP EPS for the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Income Taxes – Our effective tax rate was 24% for the first quarter of 2008. Cash Flow and Capital Expenditures – Net cash provided by operating activities for the first quarter of 2008 totaled $1.78 billion as compared to $1.69 billion for the fourth quarter of 2007.  In the first quarter of 2008, capital expenditures were $842 million, the majority of which was related to IT infrastructure investments, including data centers, servers, and networking equipment.  Free cash flow, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities less capital expenditures.  In the first quarter of 2008, free cash flow was $938 million. We expect to continue to make significant capital expenditures. A reconciliation of free cash flow to net cash provided by operating activities, the GAAP measure of liquidity, is included at the end of this release. Cash – As of March 31, 2008, cash, cash equivalents, and marketable securities were $12.1 billion. On a worldwide basis, Google employed 19,156 full-time employees as of March 31, 2008, up from 16,805 full-time employees as of December 31, 2007. Of the 2,351 employees added in the first quarter of 2008, approximately 1,500 were associated with DoubleClick. Since the close of the acquisition, Google has conducted a review of its ongoing headcount requirements and approximately 10% of the DoubleClick workforce was laid off in the U.S. in early April. Spread the Word! del.icio.us Digg StumbleUpon Help Podcast Here: Slides Here: | View | Upload your own Press Release: GOOGLE ANNOUNCES FIRST QUARTER 2008 RESULTS MOUNTAIN VIEW, Calif. – April 17, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2008. "Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google," said Eric Schmidt, CEO of Google.  "As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners.  Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term." Q1 Financial Summary Google's results for the quarter ended March 31, 2008, include the operations of DoubleClick Inc. from the date of acquisition, March 11, 2008, through the end of the quarter, and are compared to pre-acquisition results of prior periods. The overall impact of DoubleClick in the first quarter of 2008 was immaterial to revenue and only slightly dilutive to both GAAP and non-GAAP operating income, net income and earnings per share. Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, an increase of 42% compared to the first quarter of 2007 and an increase of 7% compared to the fourth quarter of 2007.  Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC.  In the first quarter of 2008, TAC totaled $1.49 billion, or 29% of advertising revenues. Google reports operating income, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis.  The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables. GAAP operating income for the first quarter of 2008 was $1.55 billion, or 30% of revenues.  This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007.  Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007.  Non-GAAP net income in the first quarter of 2008 was $1.54 billion, compared to $1.41 billion in the fourth quarter of 2007. GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007 on 318 million diluted shares outstanding.  Non-GAAP EPS in the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP EPS are computed net of stock-based compensation (SBC).  In the first quarter of 2008, the charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007.  Tax benefits related to SBC have also been excluded from these non-GAAP measures.  The tax benefit related to SBC was $51 million in the first quarter of 2008 and $42 million in the fourth quarter of 2007.  Reconciliations of non-GAAP measures to GAAP operating income, operating margin, net income, and EPS are included at the end of this release. Q1 Financial Highlights Revenues – Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, representing a 42% increase over first quarter 2007 revenues of $3.66 billion and a 7% increase over fourth quarter 2007 revenues of $4.83 billion.  Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC. Google Sites Revenues - Google-owned sites generated revenues of $3.40 billion, or 66% of total revenues, in the first quarter of 2008.  This represents a 49% increase over first quarter 2007 revenues of $2.28 billion and a 9% increase over fourth quarter 2007 revenues of $3.12 billion. Google Network Revenues - Google’s partner sites generated revenues, through AdSense programs, of $1.69 billion, or 33% of total revenues, in the first quarter of 2008.  This represents a 25% increase over network revenues of $1.35 billion generated in the first quarter of 2007 and a 3% increase over fourth quarter 2007 revenues of $1.64 billion. International Revenues - Revenues from outside of the United States totaled $2.65 billion, representing 51% of total revenues in the first quarter of 2008, compared to 47% in the first quarter of 2007 and 48% in the fourth quarter of 2007.  Had foreign exchange rates remained constant from the fourth quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $18 million lower. Had foreign exchange rates remained constant from the first quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $202 million lower. Revenues from the United Kingdom totaled $803 million, representing 15% of revenue in the first quarter of 2008, compared to 16% in the first quarter of 2007 and 14% in the fourth quarter of 2007. Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 20% over the first quarter of 2007 and approximately 4% over the fourth quarter of 2007. TAC - Traffic Acquisition Costs, the portion of revenues shared with Google’s partners, increased to $1.49 billion in the first quarter of 2008.  This compares to TAC of $1.44 billion in the fourth quarter of 2007.  TAC as a percentage of advertising revenues was 29% in the first quarter, compared to 30% in the fourth quarter of 2007. The majority of TAC expense is related to amounts ultimately paid to our AdSense partners, which totaled $1.34 billion in the first quarter of 2008.  TAC is also related to amounts ultimately paid to certain distribution partners and others who direct traffic to our website, which totaled $143 million in the first quarter of 2008. Other Cost of Revenues - Other cost of revenues, which is comprised primarily of data center operational expenses, credit card processing charges as well as content acquisition costs, increased to $624 million, or 12% of revenues, in the first quarter of 2008, compared to $516 million, or 11% of revenues, in the fourth quarter of 2007. Pursuant to our acquisition of DoubleClick, we allocated $862 million to identified intangible assets, which have a weighted average useful life of 6.3 years. Operating Expenses - Operating expenses, other than cost of revenues, were $1.53 billion in the first quarter of 2008, or 30% of revenues, compared to $1.43 billion in the fourth quarter of 2007, or 30% of revenues.  The operating expenses in the first quarter of 2008 included $809 million in payroll-related and facilities expenses, compared to $756 million in the fourth quarter of 2007. Stock-Based Compensation (SBC) – In the first quarter of 2008, the total charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007. We currently estimate stock-based compensation charges for grants to employees prior to April 1, 2008 to be approximately $1.1 billion for 2008.  This does not include expenses to be recognized related to employee stock awards that are granted after April 1, 2008 or non-employee stock awards that have been or may be granted.  We currently anticipate that dilution related to all equity grants to employees will be at or below 2% this year. Operating Income - GAAP operating income in the first quarter of 2008 was $1.55 billion, or 30% of revenues.  This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007.  Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues.  This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. Net Income – GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007.  Non-GAAP net income was $1.54 billion in the first quarter of 2008, compared to $1.41 billion in the fourth quarter of 2007.  GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007, on 318 million diluted shares outstanding.  Non-GAAP EPS for the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Income Taxes – Our effective tax rate was 24% for the first quarter of 2008. Cash Flow and Capital Expenditures – Net cash provided by operating activities for the first quarter of 2008 totaled $1.78 billion as compared to $1.69 billion for the fourth quarter of 2007.  In the first quarter of 2008, capital expenditures were $842 million, the majority of which was related to IT infrastructure investments, including data centers, servers, and networking equipment.  Free cash flow, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities less capital expenditures.  In the first quarter of 2008, free cash flow was $938 million. We expect to continue to make significant capital expenditures. A reconciliation of free cash flow to net cash provided by operating activities, the GAAP measure of liquidity, is included at the end of this release. Cash – As of March 31, 2008, cash, cash equivalents, and marketable securities were $12.1 billion. On a worldwide basis, Google employed 19,156 full-time employees as of March 31, 2008, up from 16,805 full-time employees as of December 31, 2007. Of the 2,351 employees added in the first quarter of 2008, approximately 1,500 were associated with DoubleClick. Since the close of the acquisition, Google has conducted a review of its ongoing headcount requirements and approximately 10% of the DoubleClick workforce was laid off in the U.S. in early April. Spread the Word! del.icio.us Digg StumbleUpon Help tag:odeo.com,2008-04-25,22456962 Fri, 25 Apr 2008 13:09:47 -0700 no earningsquarter EPS, GOOG, SBC, 2008 Q1, google, earningscast, Earnings Call http://odeo.com/episodes/22478335-Google-beats-the-street-huge-rise-in-aftermarket Podcast Here: Slides Here: | View | Upload your own Press Release: GOOGLE ANNOUNCES FIRST QUARTER 2008 RESULTS MOUNTAIN VIEW, Calif. – April 17, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2008. "Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google," said Eric Schmidt, CEO of Google.  "As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners.  Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term." Q1 Financial Summary Google's results for the quarter ended March 31, 2008, include the operations of DoubleClick Inc. from the date of acquisition, March 11, 2008, through the end of the quarter, and are co... Podcast Here: Slides Here: | View | Upload your own Press Release: GOOGLE ANNOUNCES FIRST QUARTER 2008 RESULTS MOUNTAIN VIEW, Calif. – April 17, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2008. "Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google," said Eric Schmidt, CEO of Google.  "As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners.  Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term." Q1 Financial Summary Google's results for the quarter ended March 31, 2008, include the operations of DoubleClick Inc. from the date of acquisition, March 11, 2008, through the end of the quarter, and are compared to pre-acquisition results of prior periods. The overall impact of DoubleClick in the first quarter of 2008 was immaterial to revenue and only slightly dilutive to both GAAP and non-GAAP operating income, net income and earnings per share. Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, an increase of 42% compared to the first quarter of 2007 and an increase of 7% compared to the fourth quarter of 2007.  Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC.  In the first quarter of 2008, TAC totaled $1.49 billion, or 29% of advertising revenues. Google reports operating income, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis.  The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables. GAAP operating income for the first quarter of 2008 was $1.55 billion, or 30% of revenues.  This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007.  Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007.  Non-GAAP net income in the first quarter of 2008 was $1.54 billion, compared to $1.41 billion in the fourth quarter of 2007. GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007 on 318 million diluted shares outstanding.  Non-GAAP EPS in the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP EPS are computed net of stock-based compensation (SBC).  In the first quarter of 2008, the charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007.  Tax benefits related to SBC have also been excluded from these non-GAAP measures.  The tax benefit related to SBC was $51 million in the first quarter of 2008 and $42 million in the fourth quarter of 2007.  Reconciliations of non-GAAP measures to GAAP operating income, operating margin, net income, and EPS are included at the end of this release. Q1 Financial Highlights Revenues – Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, representing a 42% increase over first quarter 2007 revenues of $3.66 billion and a 7% increase over fourth quarter 2007 revenues of $4.83 billion.  Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC. Google Sites Revenues - Google-owned sites generated revenues of $3.40 billion, or 66% of total revenues, in the first quarter of 2008.  This represents a 49% increase over first quarter 2007 revenues of $2.28 billion and a 9% increase over fourth quarter 2007 revenues of $3.12 billion. Google Network Revenues - Google’s partner sites generated revenues, through AdSense programs, of $1.69 billion, or 33% of total revenues, in the first quarter of 2008.  This represents a 25% increase over network revenues of $1.35 billion generated in the first quarter of 2007 and a 3% increase over fourth quarter 2007 revenues of $1.64 billion. International Revenues - Revenues from outside of the United States totaled $2.65 billion, representing 51% of total revenues in the first quarter of 2008, compared to 47% in the first quarter of 2007 and 48% in the fourth quarter of 2007.  Had foreign exchange rates remained constant from the fourth quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $18 million lower. Had foreign exchange rates remained constant from the first quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $202 million lower. Revenues from the United Kingdom totaled $803 million, representing 15% of revenue in the first quarter of 2008, compared to 16% in the first quarter of 2007 and 14% in the fourth quarter of 2007. Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 20% over the first quarter of 2007 and approximately 4% over the fourth quarter of 2007. TAC - Traffic Acquisition Costs, the portion of revenues shared with Google’s partners, increased to $1.49 billion in the first quarter of 2008.  This compares to TAC of $1.44 billion in the fourth quarter of 2007.  TAC as a percentage of advertising revenues was 29% in the first quarter, compared to 30% in the fourth quarter of 2007. The majority of TAC expense is related to amounts ultimately paid to our AdSense partners, which totaled $1.34 billion in the first quarter of 2008.  TAC is also related to amounts ultimately paid to certain distribution partners and others who direct traffic to our website, which totaled $143 million in the first quarter of 2008. Other Cost of Revenues - Other cost of revenues, which is comprised primarily of data center operational expenses, credit card processing charges as well as content acquisition costs, increased to $624 million, or 12% of revenues, in the first quarter of 2008, compared to $516 million, or 11% of revenues, in the fourth quarter of 2007. Pursuant to our acquisition of DoubleClick, we allocated $862 million to identified intangible assets, which have a weighted average useful life of 6.3 years. Operating Expenses - Operating expenses, other than cost of revenues, were $1.53 billion in the first quarter of 2008, or 30% of revenues, compared to $1.43 billion in the fourth quarter of 2007, or 30% of revenues.  The operating expenses in the first quarter of 2008 included $809 million in payroll-related and facilities expenses, compared to $756 million in the fourth quarter of 2007. Stock-Based Compensation (SBC) – In the first quarter of 2008, the total charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007. We currently estimate stock-based compensation charges for grants to employees prior to April 1, 2008 to be approximately $1.1 billion for 2008.  This does not include expenses to be recognized related to employee stock awards that are granted after April 1, 2008 or non-employee stock awards that have been or may be granted.  We currently anticipate that dilution related to all equity grants to employees will be at or below 2% this year. Operating Income - GAAP operating income in the first quarter of 2008 was $1.55 billion, or 30% of revenues.  This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007.  Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues.  This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. Net Income – GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007.  Non-GAAP net income was $1.54 billion in the first quarter of 2008, compared to $1.41 billion in the fourth quarter of 2007.  GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007, on 318 million diluted shares outstanding.  Non-GAAP EPS for the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Income Taxes – Our effective tax rate was 24% for the first quarter of 2008. Cash Flow and Capital Expenditures – Net cash provided by operating activities for the first quarter of 2008 totaled $1.78 billion as compared to $1.69 billion for the fourth quarter of 2007.  In the first quarter of 2008, capital expenditures were $842 million, the majority of which was related to IT infrastructure investments, including data centers, servers, and networking equipment.  Free cash flow, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities less capital expenditures.  In the first quarter of 2008, free cash flow was $938 million. We expect to continue to make significant capital expenditures. A reconciliation of free cash flow to net cash provided by operating activities, the GAAP measure of liquidity, is included at the end of this release. Cash – As of March 31, 2008, cash, cash equivalents, and marketable securities were $12.1 billion. On a worldwide basis, Google employed 19,156 full-time employees as of March 31, 2008, up from 16,805 full-time employees as of December 31, 2007. Of the 2,351 employees added in the first quarter of 2008, approximately 1,500 were associated with DoubleClick. Since the close of the acquisition, Google has conducted a review of its ongoing headcount requirements and approximately 10% of the DoubleClick workforce was laid off in the U.S. in early April. Spread the Word! del.icio.us Digg StumbleUpon Help Podcast Here: Slides Here: | View | Upload your own Press Release: GOOGLE ANNOUNCES FIRST QUARTER 2008 RESULTS MOUNTAIN VIEW, Calif. – April 17, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2008. "Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google," said Eric Schmidt, CEO of Google.  "As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners.  Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term." Q1 Financial Summary Google's results for the quarter ended March 31, 2008, include the operations of DoubleClick Inc. from the date of acquisition, March 11, 2008, through the end of the quarter, and are compared to pre-acquisition results of prior periods. The overall impact of DoubleClick in the first quarter of 2008 was immaterial to revenue and only slightly dilutive to both GAAP and non-GAAP operating income, net income and earnings per share. Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, an increase of 42% compared to the first quarter of 2007 and an increase of 7% compared to the fourth quarter of 2007.  Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC.  In the first quarter of 2008, TAC totaled $1.49 billion, or 29% of advertising revenues. Google reports operating income, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis.  The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables. GAAP operating income for the first quarter of 2008 was $1.55 billion, or 30% of revenues.  This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007.  Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007.  Non-GAAP net income in the first quarter of 2008 was $1.54 billion, compared to $1.41 billion in the fourth quarter of 2007. GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007 on 318 million diluted shares outstanding.  Non-GAAP EPS in the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP EPS are computed net of stock-based compensation (SBC).  In the first quarter of 2008, the charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007.  Tax benefits related to SBC have also been excluded from these non-GAAP measures.  The tax benefit related to SBC was $51 million in the first quarter of 2008 and $42 million in the fourth quarter of 2007.  Reconciliations of non-GAAP measures to GAAP operating income, operating margin, net income, and EPS are included at the end of this release. Q1 Financial Highlights Revenues – Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, representing a 42% increase over first quarter 2007 revenues of $3.66 billion and a 7% increase over fourth quarter 2007 revenues of $4.83 billion.  Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC. Google Sites Revenues - Google-owned sites generated revenues of $3.40 billion, or 66% of total revenues, in the first quarter of 2008.  This represents a 49% increase over first quarter 2007 revenues of $2.28 billion and a 9% increase over fourth quarter 2007 revenues of $3.12 billion. Google Network Revenues - Google’s partner sites generated revenues, through AdSense programs, of $1.69 billion, or 33% of total revenues, in the first quarter of 2008.  This represents a 25% increase over network revenues of $1.35 billion generated in the first quarter of 2007 and a 3% increase over fourth quarter 2007 revenues of $1.64 billion. International Revenues - Revenues from outside of the United States totaled $2.65 billion, representing 51% of total revenues in the first quarter of 2008, compared to 47% in the first quarter of 2007 and 48% in the fourth quarter of 2007.  Had foreign exchange rates remained constant from the fourth quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $18 million lower. Had foreign exchange rates remained constant from the first quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $202 million lower. Revenues from the United Kingdom totaled $803 million, representing 15% of revenue in the first quarter of 2008, compared to 16% in the first quarter of 2007 and 14% in the fourth quarter of 2007. Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 20% over the first quarter of 2007 and approximately 4% over the fourth quarter of 2007. TAC - Traffic Acquisition Costs, the portion of revenues shared with Google’s partners, increased to $1.49 billion in the first quarter of 2008.  This compares to TAC of $1.44 billion in the fourth quarter of 2007.  TAC as a percentage of advertising revenues was 29% in the first quarter, compared to 30% in the fourth quarter of 2007. The majority of TAC expense is related to amounts ultimately paid to our AdSense partners, which totaled $1.34 billion in the first quarter of 2008.  TAC is also related to amounts ultimately paid to certain distribution partners and others who direct traffic to our website, which totaled $143 million in the first quarter of 2008. Other Cost of Revenues - Other cost of revenues, which is comprised primarily of data center operational expenses, credit card processing charges as well as content acquisition costs, increased to $624 million, or 12% of revenues, in the first quarter of 2008, compared to $516 million, or 11% of revenues, in the fourth quarter of 2007. Pursuant to our acquisition of DoubleClick, we allocated $862 million to identified intangible assets, which have a weighted average useful life of 6.3 years. Operating Expenses - Operating expenses, other than cost of revenues, were $1.53 billion in the first quarter of 2008, or 30% of revenues, compared to $1.43 billion in the fourth quarter of 2007, or 30% of revenues.  The operating expenses in the first quarter of 2008 included $809 million in payroll-related and facilities expenses, compared to $756 million in the fourth quarter of 2007. Stock-Based Compensation (SBC) – In the first quarter of 2008, the total charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007. We currently estimate stock-based compensation charges for grants to employees prior to April 1, 2008 to be approximately $1.1 billion for 2008.  This does not include expenses to be recognized related to employee stock awards that are granted after April 1, 2008 or non-employee stock awards that have been or may be granted.  We currently anticipate that dilution related to all equity grants to employees will be at or below 2% this year. Operating Income - GAAP operating income in the first quarter of 2008 was $1.55 billion, or 30% of revenues.  This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007.  Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues.  This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. Net Income – GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007.  Non-GAAP net income was $1.54 billion in the first quarter of 2008, compared to $1.41 billion in the fourth quarter of 2007.  GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007, on 318 million diluted shares outstanding.  Non-GAAP EPS for the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Income Taxes – Our effective tax rate was 24% for the first quarter of 2008. Cash Flow and Capital Expenditures – Net cash provided by operating activities for the first quarter of 2008 totaled $1.78 billion as compared to $1.69 billion for the fourth quarter of 2007.  In the first quarter of 2008, capital expenditures were $842 million, the majority of which was related to IT infrastructure investments, including data centers, servers, and networking equipment.  Free cash flow, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities less capital expenditures.  In the first quarter of 2008, free cash flow was $938 million. We expect to continue to make significant capital expenditures. A reconciliation of free cash flow to net cash provided by operating activities, the GAAP measure of liquidity, is included at the end of this release. Cash – As of March 31, 2008, cash, cash equivalents, and marketable securities were $12.1 billion. On a worldwide basis, Google employed 19,156 full-time employees as of March 31, 2008, up from 16,805 full-time employees as of December 31, 2007. Of the 2,351 employees added in the first quarter of 2008, approximately 1,500 were associated with DoubleClick. Since the close of the acquisition, Google has conducted a review of its ongoing headcount requirements and approximately 10% of the DoubleClick workforce was laid off in the U.S. in early April. Spread the Word! del.icio.us Digg StumbleUpon Help tag:odeo.com,2008-04-25,22478335 Fri, 25 Apr 2008 13:09:47 -0700 no earningsquarter EPS, GOOG, SBC, 2008 Q1, google, earningscast, Earnings Call http://odeo.com/episodes/22478336-Yahoo-down-in-aftermarket-meets-expectations Podcast here: “The heart of Yahoo!'s strategy to win is the simple proposition that if we are the starting point for the most users and provide the most comprehensive, easiest-to-use, ‘must-buy’ platform for advertisers, we can drive the growth in volume and the improvement in yield we need to accelerate growth in revenues and operating cash flow. That, in turn, we believe will deliver attractive value to our stockholders,” said Sue Decker, president, Yahoo! Inc. “This past quarter’s financial results, important acquisitions, and, most importantly, the string of successful product rollouts demonstrate our enhanced execution against our longer-range goals. As we look forward, we are particularly excited by the potential capability of AMP! from Yahoo!, our revolutionary new ad management platform to help us further extend our lead in display advertising, which more than any other area of online advertising we believe has great potential for growth.” Slides Here: | View | Upload y... Podcast here: “The heart of Yahoo!'s strategy to win is the simple proposition that if we are the starting point for the most users and provide the most comprehensive, easiest-to-use, ‘must-buy’ platform for advertisers, we can drive the growth in volume and the improvement in yield we need to accelerate growth in revenues and operating cash flow. That, in turn, we believe will deliver attractive value to our stockholders,” said Sue Decker, president, Yahoo! Inc. “This past quarter’s financial results, important acquisitions, and, most importantly, the string of successful product rollouts demonstrate our enhanced execution against our longer-range goals. As we look forward, we are particularly excited by the potential capability of AMP! from Yahoo!, our revolutionary new ad management platform to help us further extend our lead in display advertising, which more than any other area of online advertising we believe has great potential for growth.” Slides Here: | View | Upload your own Press Release: SUNNYVALE, Calif. – April 22, 2008 - Yahoo! Inc. (Nasdaq: YHOO) today reported results for the first quarter ended March 31, 2008 “As outlined in our investor presentation, we believe we can significantly accelerate our revenue growth, return to our historically high margins, and double our operating cash flow by 2010. This quarter’s solid performance underscores the fact that we are executing on that plan. Yahoo! is beginning to realize the benefits of the very substantial and deliberate long-term investments we’ve made to capitalize on the opportunities ahead in display and to recapture momentum in search,” said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. “Not only does Yahoo! have a unique franchise, it increasingly has industry-leading tools, technology and, most importantly, people. It is the hard work, dedication and professionalism of our people that is our greatest asset—and this quarter’s performance demonstrates how well they can perform under unusually challenging circumstances.” First Quarter 2008 Financial Results • Revenues were $1,818 million for the first quarter of 2008, a 9 percent increase compared to $1,672 million for the same period of 2007. • Marketing services revenues were $1,572 million for the first quarter of 2008, a 7 percent increase compared to $1,469 million for the same period of 2007. o Marketing services revenues from Owned and Operated sites were $966 million for the first quarter of 2008, an 18 percent increase compared to $820 million for the same period of 2007. o Marketing services revenues from Affiliate sites were $606 million for the first quarter of 2008, a 7 percent decrease compared to $649 million for the same period of 2007. • Fees revenues were $245 million for the first quarter of 2008, a 21 percent increase compared to $203 million for the same period of 2007. • Revenues excluding traffic acquisition costs (“TAC”) were $1,352 million for the first quarter of 2008, a 14 percent increase compared to $1,183 million for the same period of 2007. • Gross profit for the first quarter of 2008 was $1,063 million, an 11 percent increase compared to $958 million for the same period of 2007. • Operating income for the first quarter of 2008 was $121 million, a 28 percent decrease compared to $169 million for the same period of 2007. o Operating income for the first quarter of 2008 includes a pre-tax cash charge of $29 million for severance pay expenses and related cash expenditures related to a strategic workforce realignment the Company implemented during the quarter. Offsetting this cash charge was a $12 million credit related to stock-based compensation expense reversals, resulting in a net total strategic workforce realignment charge of $17 million. o Operating income for the first quarter of 2008 includes incremental costs of $14 million incurred for outside advisors related to Microsoft’s unsolicited proposal, other strategic alternatives, and related litigation defense costs. • Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $433 million, a 6 percent decrease compared to $460 million for the same period of 2007. o Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 includes a pre-tax cash charge of $29 million for severance pay expenses and related cash expenditures related to a strategic workforce realignment the Company implemented during the quarter. o Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 includes incremental costs of $14 million incurred for outside advisors related to Microsoft’s unsolicited proposal, other strategic alternatives, and related litigation defense costs. • Cash flow from operating activities for the first quarter of 2008 was $786 million, an 81 percent increase compared to $435 million for the same period of 2007. o Cash flow from operating activities for the first quarter of 2008 includes a $350 million one-time payment from AT&T Inc. • Free cash flow for the first quarter of 2008 was $647 million, a 75 percent increase compared to $369 million for the same period of 2007. o Free cash flow for the first quarter of 2008 includes a $350 million one-time payment from AT&T Inc. • Net income for the first quarter of 2008 was $542 million or $0.37 per diluted share compared to $142 million or $0.10 per diluted share for the same period of 2007. o Net income for the first quarter of 2008 includes the Company’s net non-cash gain of $401 million related to Alibaba Group's initial public offering of Alibaba.com, net of tax, which is included in earnings in equity interests. • Non-GAAP net income for the first quarter of 2008 was $150 million or $0.11 per diluted share compared to non-GAAP net income of $154 million or $0.11 per diluted share for the same period of 2007. “The heart of Yahoo!'s strategy to win is the simple proposition that if we are the starting point for the most users and provide the most comprehensive, easiest-to-use, ‘must-buy’ platform for advertisers, we can drive the growth in volume and the improvement in yield we need to accelerate growth in revenues and operating cash flow. That, in turn, we believe will deliver attractive value to our stockholders,” said Sue Decker, president, Yahoo! Inc. “This past quarter’s financial results, important acquisitions, and, most importantly, the string of successful product rollouts demonstrate our enhanced execution against our longer-range goals. As we look forward, we are particularly excited by the potential capability of AMP! from Yahoo!, our revolutionary new ad management platform to help us further extend our lead in display advertising, which more than any other area of online advertising we believe has great potential for growth.” First Quarter 2008 Segment Financial Results • United States segment revenues for the first quarter of 2008 were $1,307 million, a 19 percent increase compared to $1,101 million for the same period of 2007. • International segment revenues for the first quarter of 2008 were $510 million, an 11 percent decrease compared to $571 million for the same period of 2007. • United States segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $315 million, an 8 percent decrease compared to $342 million for the same period of 2007. • International segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $118 million, a 1 percent decrease compared to $119 million for the same period of 2007. Cash Flow Information In addition to free cash flow of $647 million for the first quarter of 2008 (including a $350 million one-time payment from AT&T Inc.), Yahoo! generated $127 million from the issuance of common stock as a result of the exercise of employee stock options. This was offset by $79 million used for direct stock repurchases, $52 million used for tax withholdings related to net share settlements of restricted stock awards and restricted stock units, and $166 million used for acquisitions. Cash, cash equivalents, and investments in marketable debt securities were $2,848 million at March 31, 2008 as compared to $2,363 million at December 31, 2007, an increase of $485 million “Yahoo!'s first quarter 2008 financial performance was on target and aligned with our strategy to generate substantial value for stockholders,” said Blake Jorgensen, chief financial officer, Yahoo! Inc. “Our strong growth in free cash flow, excellent capital position, and ample scale give us the resources to execute our plans to grow operating cash flow substantially. Core revenue grew at an attractive, double-digit pace. The capital expenditures and substantial investments we made in people last year and early this year are now producing gains in our core, long term growth initiatives,” Jorgensen added. Spread the Word! del.icio.us Digg StumbleUpon Help Podcast here: “The heart of Yahoo!'s strategy to win is the simple proposition that if we are the starting point for the most users and provide the most comprehensive, easiest-to-use, ‘must-buy’ platform for advertisers, we can drive the growth in volume and the improvement in yield we need to accelerate growth in revenues and operating cash flow. That, in turn, we believe will deliver attractive value to our stockholders,” said Sue Decker, president, Yahoo! Inc. “This past quarter’s financial results, important acquisitions, and, most importantly, the string of successful product rollouts demonstrate our enhanced execution against our longer-range goals. As we look forward, we are particularly excited by the potential capability of AMP! from Yahoo!, our revolutionary new ad management platform to help us further extend our lead in display advertising, which more than any other area of online advertising we believe has great potential for growth.” Slides Here: | View | Upload your own Press Release: SUNNYVALE, Calif. – April 22, 2008 - Yahoo! Inc. (Nasdaq: YHOO) today reported results for the first quarter ended March 31, 2008 “As outlined in our investor presentation, we believe we can significantly accelerate our revenue growth, return to our historically high margins, and double our operating cash flow by 2010. This quarter’s solid performance underscores the fact that we are executing on that plan. Yahoo! is beginning to realize the benefits of the very substantial and deliberate long-term investments we’ve made to capitalize on the opportunities ahead in display and to recapture momentum in search,” said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. “Not only does Yahoo! have a unique franchise, it increasingly has industry-leading tools, technology and, most importantly, people. It is the hard work, dedication and professionalism of our people that is our greatest asset—and this quarter’s performance demonstrates how well they can perform under unusually challenging circumstances.” First Quarter 2008 Financial Results • Revenues were $1,818 million for the first quarter of 2008, a 9 percent increase compared to $1,672 million for the same period of 2007. • Marketing services revenues were $1,572 million for the first quarter of 2008, a 7 percent increase compared to $1,469 million for the same period of 2007. o Marketing services revenues from Owned and Operated sites were $966 million for the first quarter of 2008, an 18 percent increase compared to $820 million for the same period of 2007. o Marketing services revenues from Affiliate sites were $606 million for the first quarter of 2008, a 7 percent decrease compared to $649 million for the same period of 2007. • Fees revenues were $245 million for the first quarter of 2008, a 21 percent increase compared to $203 million for the same period of 2007. • Revenues excluding traffic acquisition costs (“TAC”) were $1,352 million for the first quarter of 2008, a 14 percent increase compared to $1,183 million for the same period of 2007. • Gross profit for the first quarter of 2008 was $1,063 million, an 11 percent increase compared to $958 million for the same period of 2007. • Operating income for the first quarter of 2008 was $121 million, a 28 percent decrease compared to $169 million for the same period of 2007. o Operating income for the first quarter of 2008 includes a pre-tax cash charge of $29 million for severance pay expenses and related cash expenditures related to a strategic workforce realignment the Company implemented during the quarter. Offsetting this cash charge was a $12 million credit related to stock-based compensation expense reversals, resulting in a net total strategic workforce realignment charge of $17 million. o Operating income for the first quarter of 2008 includes incremental costs of $14 million incurred for outside advisors related to Microsoft’s unsolicited proposal, other strategic alternatives, and related litigation defense costs. • Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $433 million, a 6 percent decrease compared to $460 million for the same period of 2007. o Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 includes a pre-tax cash charge of $29 million for severance pay expenses and related cash expenditures related to a strategic workforce realignment the Company implemented during the quarter. o Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 includes incremental costs of $14 million incurred for outside advisors related to Microsoft’s unsolicited proposal, other strategic alternatives, and related litigation defense costs. • Cash flow from operating activities for the first quarter of 2008 was $786 million, an 81 percent increase compared to $435 million for the same period of 2007. o Cash flow from operating activities for the first quarter of 2008 includes a $350 million one-time payment from AT&T Inc. • Free cash flow for the first quarter of 2008 was $647 million, a 75 percent increase compared to $369 million for the same period of 2007. o Free cash flow for the first quarter of 2008 includes a $350 million one-time payment from AT&T Inc. • Net income for the first quarter of 2008 was $542 million or $0.37 per diluted share compared to $142 million or $0.10 per diluted share for the same period of 2007. o Net income for the first quarter of 2008 includes the Company’s net non-cash gain of $401 million related to Alibaba Group's initial public offering of Alibaba.com, net of tax, which is included in earnings in equity interests. • Non-GAAP net income for the first quarter of 2008 was $150 million or $0.11 per diluted share compared to non-GAAP net income of $154 million or $0.11 per diluted share for the same period of 2007. “The heart of Yahoo!'s strategy to win is the simple proposition that if we are the starting point for the most users and provide the most comprehensive, easiest-to-use, ‘must-buy’ platform for advertisers, we can drive the growth in volume and the improvement in yield we need to accelerate growth in revenues and operating cash flow. That, in turn, we believe will deliver attractive value to our stockholders,” said Sue Decker, president, Yahoo! Inc. “This past quarter’s financial results, important acquisitions, and, most importantly, the string of successful product rollouts demonstrate our enhanced execution against our longer-range goals. As we look forward, we are particularly excited by the potential capability of AMP! from Yahoo!, our revolutionary new ad management platform to help us further extend our lead in display advertising, which more than any other area of online advertising we believe has great potential for growth.” First Quarter 2008 Segment Financial Results • United States segment revenues for the first quarter of 2008 were $1,307 million, a 19 percent increase compared to $1,101 million for the same period of 2007. • International segment revenues for the first quarter of 2008 were $510 million, an 11 percent decrease compared to $571 million for the same period of 2007. • United States segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $315 million, an 8 percent decrease compared to $342 million for the same period of 2007. • International segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $118 million, a 1 percent decrease compared to $119 million for the same period of 2007. Cash Flow Information In addition to free cash flow of $647 million for the first quarter of 2008 (including a $350 million one-time payment from AT&T Inc.), Yahoo! generated $127 million from the issuance of common stock as a result of the exercise of employee stock options. This was offset by $79 million used for direct stock repurchases, $52 million used for tax withholdings related to net share settlements of restricted stock awards and restricted stock units, and $166 million used for acquisitions. Cash, cash equivalents, and investments in marketable debt securities were $2,848 million at March 31, 2008 as compared to $2,363 million at December 31, 2007, an increase of $485 million “Yahoo!'s first quarter 2008 financial performance was on target and aligned with our strategy to generate substantial value for stockholders,” said Blake Jorgensen, chief financial officer, Yahoo! Inc. “Our strong growth in free cash flow, excellent capital position, and ample scale give us the resources to execute our plans to grow operating cash flow substantially. Core revenue grew at an attractive, double-digit pace. The capital expenditures and substantial investments we made in people last year and early this year are now producing gains in our core, long term growth initiatives,” Jorgensen added. Spread the Word! del.icio.us Digg StumbleUpon Help tag:odeo.com,2008-04-25,22478336 Fri, 25 Apr 2008 12:52:52 -0700 no earningsquarter YHOO, 2008 Q1, yahoo, earningscast, Earnings Call http://odeo.com/episodes/22456963-Yahoo-down-in-aftermarket-meets-expectations Podcast here: “The heart of Yahoo!'s strategy to win is the simple proposition that if we are the starting point for the most users and provide the most comprehensive, easiest-to-use, ‘must-buy’ platform for advertisers, we can drive the growth in volume and the improvement in yield we need to accelerate growth in revenues and operating cash flow. That, in turn, we believe will deliver attractive value to our stockholders,” said Sue Decker, president, Yahoo! Inc. “This past quarter’s financial results, important acquisitions, and, most importantly, the string of successful product rollouts demonstrate our enhanced execution against our longer-range goals. As we look forward, we are particularly excited by the potential capability of AMP! from Yahoo!, our revolutionary new ad management platform to help us further extend our lead in display advertising, which more than any other area of online advertising we believe has great potential for growth.” Slides Here: | View | Upload y... Podcast here: “The heart of Yahoo!'s strategy to win is the simple proposition that if we are the starting point for the most users and provide the most comprehensive, easiest-to-use, ‘must-buy’ platform for advertisers, we can drive the growth in volume and the improvement in yield we need to accelerate growth in revenues and operating cash flow. That, in turn, we believe will deliver attractive value to our stockholders,” said Sue Decker, president, Yahoo! Inc. “This past quarter’s financial results, important acquisitions, and, most importantly, the string of successful product rollouts demonstrate our enhanced execution against our longer-range goals. As we look forward, we are particularly excited by the potential capability of AMP! from Yahoo!, our revolutionary new ad management platform to help us further extend our lead in display advertising, which more than any other area of online advertising we believe has great potential for growth.” Slides Here: | View | Upload your own Press Release: SUNNYVALE, Calif. – April 22, 2008 - Yahoo! Inc. (Nasdaq: YHOO) today reported results for the first quarter ended March 31, 2008 “As outlined in our investor presentation, we believe we can significantly accelerate our revenue growth, return to our historically high margins, and double our operating cash flow by 2010. This quarter’s solid performance underscores the fact that we are executing on that plan. Yahoo! is beginning to realize the benefits of the very substantial and deliberate long-term investments we’ve made to capitalize on the opportunities ahead in display and to recapture momentum in search,” said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. “Not only does Yahoo! have a unique franchise, it increasingly has industry-leading tools, technology and, most importantly, people. It is the hard work, dedication and professionalism of our people that is our greatest asset—and this quarter’s performance demonstrates how well they can perform under unusually challenging circumstances.” First Quarter 2008 Financial Results • Revenues were $1,818 million for the first quarter of 2008, a 9 percent increase compared to $1,672 million for the same period of 2007. • Marketing services revenues were $1,572 million for the first quarter of 2008, a 7 percent increase compared to $1,469 million for the same period of 2007. o Marketing services revenues from Owned and Operated sites were $966 million for the first quarter of 2008, an 18 percent increase compared to $820 million for the same period of 2007. o Marketing services revenues from Affiliate sites were $606 million for the first quarter of 2008, a 7 percent decrease compared to $649 million for the same period of 2007. • Fees revenues were $245 million for the first quarter of 2008, a 21 percent increase compared to $203 million for the same period of 2007. • Revenues excluding traffic acquisition costs (“TAC”) were $1,352 million for the first quarter of 2008, a 14 percent increase compared to $1,183 million for the same period of 2007. • Gross profit for the first quarter of 2008 was $1,063 million, an 11 percent increase compared to $958 million for the same period of 2007. • Operating income for the first quarter of 2008 was $121 million, a 28 percent decrease compared to $169 million for the same period of 2007. o Operating income for the first quarter of 2008 includes a pre-tax cash charge of $29 million for severance pay expenses and related cash expenditures related to a strategic workforce realignment the Company implemented during the quarter. Offsetting this cash charge was a $12 million credit related to stock-based compensation expense reversals, resulting in a net total strategic workforce realignment charge of $17 million. o Operating income for the first quarter of 2008 includes incremental costs of $14 million incurred for outside advisors related to Microsoft’s unsolicited proposal, other strategic alternatives, and related litigation defense costs. • Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $433 million, a 6 percent decrease compared to $460 million for the same period of 2007. o Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 includes a pre-tax cash charge of $29 million for severance pay expenses and related cash expenditures related to a strategic workforce realignment the Company implemented during the quarter. o Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 includes incremental costs of $14 million incurred for outside advisors related to Microsoft’s unsolicited proposal, other strategic alternatives, and related litigation defense costs. • Cash flow from operating activities for the first quarter of 2008 was $786 million, an 81 percent increase compared to $435 million for the same period of 2007. o Cash flow from operating activities for the first quarter of 2008 includes a $350 million one-time payment from AT&T Inc. • Free cash flow for the first quarter of 2008 was $647 million, a 75 percent increase compared to $369 million for the same period of 2007. o Free cash flow for the first quarter of 2008 includes a $350 million one-time payment from AT&T Inc. • Net income for the first quarter of 2008 was $542 million or $0.37 per diluted share compared to $142 million or $0.10 per diluted share for the same period of 2007. o Net income for the first quarter of 2008 includes the Company’s net non-cash gain of $401 million related to Alibaba Group's initial public offering of Alibaba.com, net of tax, which is included in earnings in equity interests. • Non-GAAP net income for the first quarter of 2008 was $150 million or $0.11 per diluted share compared to non-GAAP net income of $154 million or $0.11 per diluted share for the same period of 2007. “The heart of Yahoo!'s strategy to win is the simple proposition that if we are the starting point for the most users and provide the most comprehensive, easiest-to-use, ‘must-buy’ platform for advertisers, we can drive the growth in volume and the improvement in yield we need to accelerate growth in revenues and operating cash flow. That, in turn, we believe will deliver attractive value to our stockholders,” said Sue Decker, president, Yahoo! Inc. “This past quarter’s financial results, important acquisitions, and, most importantly, the string of successful product rollouts demonstrate our enhanced execution against our longer-range goals. As we look forward, we are particularly excited by the potential capability of AMP! from Yahoo!, our revolutionary new ad management platform to help us further extend our lead in display advertising, which more than any other area of online advertising we believe has great potential for growth.” First Quarter 2008 Segment Financial Results • United States segment revenues for the first quarter of 2008 were $1,307 million, a 19 percent increase compared to $1,101 million for the same period of 2007. • International segment revenues for the first quarter of 2008 were $510 million, an 11 percent decrease compared to $571 million for the same period of 2007. • United States segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $315 million, an 8 percent decrease compared to $342 million for the same period of 2007. • International segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $118 million, a 1 percent decrease compared to $119 million for the same period of 2007. Cash Flow Information In addition to free cash flow of $647 million for the first quarter of 2008 (including a $350 million one-time payment from AT&T Inc.), Yahoo! generated $127 million from the issuance of common stock as a result of the exercise of employee stock options. This was offset by $79 million used for direct stock repurchases, $52 million used for tax withholdings related to net share settlements of restricted stock awards and restricted stock units, and $166 million used for acquisitions. Cash, cash equivalents, and investments in marketable debt securities were $2,848 million at March 31, 2008 as compared to $2,363 million at December 31, 2007, an increase of $485 million “Yahoo!'s first quarter 2008 financial performance was on target and aligned with our strategy to generate substantial value for stockholders,” said Blake Jorgensen, chief financial officer, Yahoo! Inc. “Our strong growth in free cash flow, excellent capital position, and ample scale give us the resources to execute our plans to grow operating cash flow substantially. Core revenue grew at an attractive, double-digit pace. The capital expenditures and substantial investments we made in people last year and early this year are now producing gains in our core, long term growth initiatives,” Jorgensen added. Spread the Word! del.icio.us Digg StumbleUpon Help Podcast here: “The heart of Yahoo!'s strategy to win is the simple proposition that if we are the starting point for the most users and provide the most comprehensive, easiest-to-use, ‘must-buy’ platform for advertisers, we can drive the growth in volume and the improvement in yield we need to accelerate growth in revenues and operating cash flow. That, in turn, we believe will deliver attractive value to our stockholders,” said Sue Decker, president, Yahoo! Inc. “This past quarter’s financial results, important acquisitions, and, most importantly, the string of successful product rollouts demonstrate our enhanced execution against our longer-range goals. As we look forward, we are particularly excited by the potential capability of AMP! from Yahoo!, our revolutionary new ad management platform to help us further extend our lead in display advertising, which more than any other area of online advertising we believe has great potential for growth.” Slides Here: | View | Upload your own Press Release: SUNNYVALE, Calif. – April 22, 2008 - Yahoo! Inc. (Nasdaq: YHOO) today reported results for the first quarter ended March 31, 2008 “As outlined in our investor presentation, we believe we can significantly accelerate our revenue growth, return to our historically high margins, and double our operating cash flow by 2010. This quarter’s solid performance underscores the fact that we are executing on that plan. Yahoo! is beginning to realize the benefits of the very substantial and deliberate long-term investments we’ve made to capitalize on the opportunities ahead in display and to recapture momentum in search,” said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. “Not only does Yahoo! have a unique franchise, it increasingly has industry-leading tools, technology and, most importantly, people. It is the hard work, dedication and professionalism of our people that is our greatest asset—and this quarter’s performance demonstrates how well they can perform under unusually challenging circumstances.” First Quarter 2008 Financial Results • Revenues were $1,818 million for the first quarter of 2008, a 9 percent increase compared to $1,672 million for the same period of 2007. • Marketing services revenues were $1,572 million for the first quarter of 2008, a 7 percent increase compared to $1,469 million for the same period of 2007. o Marketing services revenues from Owned and Operated sites were $966 million for the first quarter of 2008, an 18 percent increase compared to $820 million for the same period of 2007. o Marketing services revenues from Affiliate sites were $606 million for the first quarter of 2008, a 7 percent decrease compared to $649 million for the same period of 2007. • Fees revenues were $245 million for the first quarter of 2008, a 21 percent increase compared to $203 million for the same period of 2007. • Revenues excluding traffic acquisition costs (“TAC”) were $1,352 million for the first quarter of 2008, a 14 percent increase compared to $1,183 million for the same period of 2007. • Gross profit for the first quarter of 2008 was $1,063 million, an 11 percent increase compared to $958 million for the same period of 2007. • Operating income for the first quarter of 2008 was $121 million, a 28 percent decrease compared to $169 million for the same period of 2007. o Operating income for the first quarter of 2008 includes a pre-tax cash charge of $29 million for severance pay expenses and related cash expenditures related to a strategic workforce realignment the Company implemented during the quarter. Offsetting this cash charge was a $12 million credit related to stock-based compensation expense reversals, resulting in a net total strategic workforce realignment charge of $17 million. o Operating income for the first quarter of 2008 includes incremental costs of $14 million incurred for outside advisors related to Microsoft’s unsolicited proposal, other strategic alternatives, and related litigation defense costs. • Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $433 million, a 6 percent decrease compared to $460 million for the same period of 2007. o Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 includes a pre-tax cash charge of $29 million for severance pay expenses and related cash expenditures related to a strategic workforce realignment the Company implemented during the quarter. o Operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 includes incremental costs of $14 million incurred for outside advisors related to Microsoft’s unsolicited proposal, other strategic alternatives, and related litigation defense costs. • Cash flow from operating activities for the first quarter of 2008 was $786 million, an 81 percent increase compared to $435 million for the same period of 2007. o Cash flow from operating activities for the first quarter of 2008 includes a $350 million one-time payment from AT&T Inc. • Free cash flow for the first quarter of 2008 was $647 million, a 75 percent increase compared to $369 million for the same period of 2007. o Free cash flow for the first quarter of 2008 includes a $350 million one-time payment from AT&T Inc. • Net income for the first quarter of 2008 was $542 million or $0.37 per diluted share compared to $142 million or $0.10 per diluted share for the same period of 2007. o Net income for the first quarter of 2008 includes the Company’s net non-cash gain of $401 million related to Alibaba Group's initial public offering of Alibaba.com, net of tax, which is included in earnings in equity interests. • Non-GAAP net income for the first quarter of 2008 was $150 million or $0.11 per diluted share compared to non-GAAP net income of $154 million or $0.11 per diluted share for the same period of 2007. “The heart of Yahoo!'s strategy to win is the simple proposition that if we are the starting point for the most users and provide the most comprehensive, easiest-to-use, ‘must-buy’ platform for advertisers, we can drive the growth in volume and the improvement in yield we need to accelerate growth in revenues and operating cash flow. That, in turn, we believe will deliver attractive value to our stockholders,” said Sue Decker, president, Yahoo! Inc. “This past quarter’s financial results, important acquisitions, and, most importantly, the string of successful product rollouts demonstrate our enhanced execution against our longer-range goals. As we look forward, we are particularly excited by the potential capability of AMP! from Yahoo!, our revolutionary new ad management platform to help us further extend our lead in display advertising, which more than any other area of online advertising we believe has great potential for growth.” First Quarter 2008 Segment Financial Results • United States segment revenues for the first quarter of 2008 were $1,307 million, a 19 percent increase compared to $1,101 million for the same period of 2007. • International segment revenues for the first quarter of 2008 were $510 million, an 11 percent decrease compared to $571 million for the same period of 2007. • United States segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $315 million, an 8 percent decrease compared to $342 million for the same period of 2007. • International segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $118 million, a 1 percent decrease compared to $119 million for the same period of 2007. Cash Flow Information In addition to free cash flow of $647 million for the first quarter of 2008 (including a $350 million one-time payment from AT&T Inc.), Yahoo! generated $127 million from the issuance of common stock as a result of the exercise of employee stock options. This was offset by $79 million used for direct stock repurchases, $52 million used for tax withholdings related to net share settlements of restricted stock awards and restricted stock units, and $166 million used for acquisitions. Cash, cash equivalents, and investments in marketable debt securities were $2,848 million at March 31, 2008 as compared to $2,363 million at December 31, 2007, an increase of $485 million “Yahoo!'s first quarter 2008 financial performance was on target and aligned with our strategy to generate substantial value for stockholders,” said Blake Jorgensen, chief financial officer, Yahoo! Inc. “Our strong growth in free cash flow, excellent capital position, and ample scale give us the resources to execute our plans to grow operating cash flow substantially. Core revenue grew at an attractive, double-digit pace. The capital expenditures and substantial investments we made in people last year and early this year are now producing gains in our core, long term growth initiatives,” Jorgensen added. Spread the Word! del.icio.us Digg StumbleUpon Help tag:odeo.com,2008-04-25,22456963 Fri, 25 Apr 2008 12:52:52 -0700 no earningsquarter YHOO, 2008 Q1, yahoo, earningscast, Earnings Call http://odeo.com/episodes/22478337-CNet-flat-in-aftermarket-confirms-guidance Podcast here: Press Release CNET Networks Reports First Quarter 2008 Financial Results Company Posts First Quarter Revenue of $91.4 Million Monthly Unique Users Increase to 161 Million SAN FRANCISCO–(BUSINESS WIRE)–April 24, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter ended March 31, 2008. "During the quarter we saw strong traffic growth at each of our key brands, embarked on an exciting strategic partnership with Yahoo! that will positively impact many areas of our business, and we took important steps to reduce costs and improve the profitability of our operating structure," said Neil Ashe, chief executive officer, CNET Networks. "While we are pleased with our progress against these strategic initiatives, there is more to do and we are focused on improving our operational performance." First Quarter 2008 Financial and Operating Highlights Revenues - Total revenues for the first quarter were $91.4 mil... Podcast here: Press Release CNET Networks Reports First Quarter 2008 Financial Results Company Posts First Quarter Revenue of $91.4 Million Monthly Unique Users Increase to 161 Million SAN FRANCISCO–(BUSINESS WIRE)–April 24, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter ended March 31, 2008. "During the quarter we saw strong traffic growth at each of our key brands, embarked on an exciting strategic partnership with Yahoo! that will positively impact many areas of our business, and we took important steps to reduce costs and improve the profitability of our operating structure," said Neil Ashe, chief executive officer, CNET Networks. "While we are pleased with our progress against these strategic initiatives, there is more to do and we are focused on improving our operational performance." First Quarter 2008 Financial and Operating Highlights Revenues - Total revenues for the first quarter were $91.4 million, a 3% percent increase compared to revenues of $89.1 million for the same period of 2007. Operating Loss - On a reported basis, operating loss totaled $18.0 million during the first quarter of 2008 compared to an operating loss of $7.7 million in the year-ago quarter. First quarter 2008 reported operating loss reflects restructuring charges of $5.1 million. Operating loss also includes $2.0 million of costs related to stockholder proposals and $0.3 million of expenses related to the Company's stock option investigation related costs offset by a $2.2 million insurance recovery for litigation expenses. First quarter 2007 reported operating loss reflects $4.4 million in stock option investigation related costs. Non-GAAP operating income before depreciation, amortization, stock compensation expense, restructuring charges and stockholder proposals and stock option investigation related costs, net, was $1.7 million compared to $11.0 million during the first quarter of 2007. Net Loss - Net loss for the first quarter of 2008 was $6.1 million or a loss of $0.04 per share as compared to a net loss of $9.1 million, or a loss of $0.06 per share for the first quarter of 2007. Excluding depreciation, amortization, stock compensation expense, restructuring charges, expenses associated with stockholder proposals and stock option investigation related costs, net, discontinued operations and certain non-operating gains, non-GAAP net loss for the first quarter of 2008 was $4.3 million, or $0.03 per share, compared to non-GAAP net income of $0.5 million during the first quarter of 2007. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the first quarter of 2008 was $15.9 million, up from $11.0 million for the first quarter of 2007. Capital expenditures in the first quarter of 2008 were $7.7 million compared to $7.2 million in the first quarter of 2007. Excluding costs of $2.0 million associated with stockholder proposals costs and a net recovery related to the Company's stock option investigation related costs of $1.9 million in the first quarter of 2008 and of $4.4 million in the first quarter of 2007, free cash flow for the first quarter of 2008 and 2007 was $8.3 million. Free cash flow is defined as cash flow from operating activities less capital expenditures. User Metrics - CNET Networks' global network of Internet properties reached an average of 161 million unique monthly users during the first quarter of 2008 (1). Average daily page views were nearly 90 million during the first quarter (1). Business Highlights Strategic Partnerships: In a separate press release issued today, CNET Networks and Yahoo!, Inc., announced a broad, multi-year agreement that encompasses advertising, content, and search marketing. Under the partnership, CNET Networks and Yahoo! will work together to offer both companies' marketing partners additional opportunities to reach their target audience across both networks' leading web sites. In addition, CNET.com will become the leading provider of technology and consumer electronics content across Yahoo! Tech and other Yahoo sites, and CNET will sell its video inventory in the Yahoo environment. Finally, CNET will construct a program at CNET Download.com for the thousands of independent software vendors in its marketplace to profit from distribution of the Yahoo! toolbar with their products and services. "We're excited about this important partnership with Yahoo!," said Ashe. "With this relationship, we have dramatically expanded the reach of our most important brand, we have optimized our undersold inventory with a premium ad network, and we have created the largest vertical technology ad network for our sales force to sell." Business Realignment: During the quarter, CNET Networks announced a 10 percent reduction in its U.S. workforce. The reduction was the result of the continued implementation of CNET Networks' established business plan and long-term growth strategy, and allows the company to put greater emphasis on its strategic priorities, which include focusing on its leading brands, driving efficiencies throughout the business, and reducing costs. Brand Highlights: During the first quarter, CNET Networks continued to drive innovation and product developments across its leading brands. Recent examples include: BNET (www.bnet.com) continued to launch new features to help business professionals succeed at work. The site, which launched just over a year ago, offers practical insight and straightforward tools that address the challenges business managers face everyday, including award-winning original content, and access to more than 11 million resource articles from over 3,000 leading independent publishers. During the first quarter, BNET launched BNET Industries (www.bnet.com/industries), a free, comprehensive resource providing in-depth news and analysis on 11 industries, including healthcare, automotive, media, pharmaceutical, financial services, food, retail, advertising, energy, technology, and travel, with more industries to be added in the future. BNET Industries combines original reporting with information on more than 9,000 public companies, giving business managers a single destination where they can research their business ecosystem, and easily access the information that keeps them sharp, informed, and competitive. With a monthly audience of more than nine million people, BNET also continued to attract new advertisers during the quarter, including American Express, AT&T, MasterCard, Visa, and WebEx. CNET (www.cnet.com) continues to be the leading destination for a world gone digital. During the quarter, CNET further expanded the reach of its premium video content with the launch of its own channel on YouTube, featuring CNET's original shows such as The Buzz Report, Loaded, and Top 5. The site also announced the official launch of CNET TV 2.0 (www.cnettv.com), featuring closed captioning of the site's popular video content for the deaf and hard-of-hearing communities. To further expand the reach of the brand into new demographics, CNET partnered with Univision Online, Inc., the interactive division of Univision Communications, Inc. and the largest Spanish language brand in the country to launch a new Spanish-language technology mini site on Univision.com (keyword: Tecnologia). Hosted by Univision and branded CNET, the new site features CNET news, reviews, and videos all translated into Spanish. The Spanish speaking population is the fastest growing demographic in the U.S., and the Univision Web sites and broadcast operations reach over 90 percent of the approximately 44 million Hispanics in the U.S. today (2). Awards CNET Networks media properties continued to gain recognition for outstanding content from outside sources during the quarter. CNET News.com was recognized during the quarter for its story "iPhone: The Wait is Over" with a Best in Business Award from the Society of American Business Editors and Writers. In addition, CNET, GameSpot, Metacritic and, TV.com were all named Official Honorees for the 2008 Webby Awards, signifying an outstanding caliber of work. The company's food web site, CHOW, was recognized for its editorial content and design with nine award nominations. The prestigious nominations include a National Magazine Award for general excellence online; two James Beard awards for best website and best web cast; a Webby Award nomination in the food and beverage category; four Maggie awards, including best consumer web site and best consumer web site design; and a Bert Green Journalism award. Business Outlook For the second quarter of 2008, management anticipates total revenues of $100 million to $104 million. This represents year-over-year growth of between 6 percent and 10 percent. Management estimates operating income (loss) in the range of a loss of $0.3 million to income of $1.7 million for the second quarter. Management expects operating income before depreciation, amortization, stock compensation expense, restructuring costs and stockholder proposals and stock option investigation related costs, net, of between $15 million and $17 million for the second quarter. Earnings per share is expected to be in $0.00 in the second quarter. For 2008, management expects total annual revenues to be in the range of $440 million to $460 million. This represents growth of between 8 percent and 13 percent. Management estimates operating income of between $24 and $33 million. Management expects operating income before depreciation, amortization, stock compensation expense, restructuring costs and stockholder proposals and stock option investigation related costs, net, to be between $88 million and $96 million. Earnings per share is expected to be in the range of $0.03 to $0.04 per share for the year. Operating income and earnings per share guidance for the second quarter 2008 does not consider restructuring charges or ongoing costs or insurance reimbursements associated with the Company's concluded stock option investigation. Operating income and earnings per share guidance for 2008 does not consider restructuring charges or ongoing costs or insurance reimbursements associated with the Company's concluded stock option investigation or expenses associated with the Company's recent stockholder proposals that may be incurred in the third and fourth quarters of 2008. Spread the Word! del.icio.us Digg StumbleUpon Help Podcast here: Press Release CNET Networks Reports First Quarter 2008 Financial Results Company Posts First Quarter Revenue of $91.4 Million Monthly Unique Users Increase to 161 Million SAN FRANCISCO–(BUSINESS WIRE)–April 24, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter ended March 31, 2008. "During the quarter we saw strong traffic growth at each of our key brands, embarked on an exciting strategic partnership with Yahoo! that will positively impact many areas of our business, and we took important steps to reduce costs and improve the profitability of our operating structure," said Neil Ashe, chief executive officer, CNET Networks. "While we are pleased with our progress against these strategic initiatives, there is more to do and we are focused on improving our operational performance." First Quarter 2008 Financial and Operating Highlights Revenues - Total revenues for the first quarter were $91.4 million, a 3% percent increase compared to revenues of $89.1 million for the same period of 2007. Operating Loss - On a reported basis, operating loss totaled $18.0 million during the first quarter of 2008 compared to an operating loss of $7.7 million in the year-ago quarter. First quarter 2008 reported operating loss reflects restructuring charges of $5.1 million. Operating loss also includes $2.0 million of costs related to stockholder proposals and $0.3 million of expenses related to the Company's stock option investigation related costs offset by a $2.2 million insurance recovery for litigation expenses. First quarter 2007 reported operating loss reflects $4.4 million in stock option investigation related costs. Non-GAAP operating income before depreciation, amortization, stock compensation expense, restructuring charges and stockholder proposals and stock option investigation related costs, net, was $1.7 million compared to $11.0 million during the first quarter of 2007. Net Loss - Net loss for the first quarter of 2008 was $6.1 million or a loss of $0.04 per share as compared to a net loss of $9.1 million, or a loss of $0.06 per share for the first quarter of 2007. Excluding depreciation, amortization, stock compensation expense, restructuring charges, expenses associated with stockholder proposals and stock option investigation related costs, net, discontinued operations and certain non-operating gains, non-GAAP net loss for the first quarter of 2008 was $4.3 million, or $0.03 per share, compared to non-GAAP net income of $0.5 million during the first quarter of 2007. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the first quarter of 2008 was $15.9 million, up from $11.0 million for the first quarter of 2007. Capital expenditures in the first quarter of 2008 were $7.7 million compared to $7.2 million in the first quarter of 2007. Excluding costs of $2.0 million associated with stockholder proposals costs and a net recovery related to the Company's stock option investigation related costs of $1.9 million in the first quarter of 2008 and of $4.4 million in the first quarter of 2007, free cash flow for the first quarter of 2008 and 2007 was $8.3 million. Free cash flow is defined as cash flow from operating activities less capital expenditures. User Metrics - CNET Networks' global network of Internet properties reached an average of 161 million unique monthly users during the first quarter of 2008 (1). Average daily page views were nearly 90 million during the first quarter (1). Business Highlights Strategic Partnerships: In a separate press release issued today, CNET Networks and Yahoo!, Inc., announced a broad, multi-year agreement that encompasses advertising, content, and search marketing. Under the partnership, CNET Networks and Yahoo! will work together to offer both companies' marketing partners additional opportunities to reach their target audience across both networks' leading web sites. In addition, CNET.com will become the leading provider of technology and consumer electronics content across Yahoo! Tech and other Yahoo sites, and CNET will sell its video inventory in the Yahoo environment. Finally, CNET will construct a program at CNET Download.com for the thousands of independent software vendors in its marketplace to profit from distribution of the Yahoo! toolbar with their products and services. "We're excited about this important partnership with Yahoo!," said Ashe. "With this relationship, we have dramatically expanded the reach of our most important brand, we have optimized our undersold inventory with a premium ad network, and we have created the largest vertical technology ad network for our sales force to sell." Business Realignment: During the quarter, CNET Networks announced a 10 percent reduction in its U.S. workforce. The reduction was the result of the continued implementation of CNET Networks' established business plan and long-term growth strategy, and allows the company to put greater emphasis on its strategic priorities, which include focusing on its leading brands, driving efficiencies throughout the business, and reducing costs. Brand Highlights: During the first quarter, CNET Networks continued to drive innovation and product developments across its leading brands. Recent examples include: BNET (www.bnet.com) continued to launch new features to help business professionals succeed at work. The site, which launched just over a year ago, offers practical insight and straightforward tools that address the challenges business managers face everyday, including award-winning original content, and access to more than 11 million resource articles from over 3,000 leading independent publishers. During the first quarter, BNET launched BNET Industries (www.bnet.com/industries), a free, comprehensive resource providing in-depth news and analysis on 11 industries, including healthcare, automotive, media, pharmaceutical, financial services, food, retail, advertising, energy, technology, and travel, with more industries to be added in the future. BNET Industries combines original reporting with information on more than 9,000 public companies, giving business managers a single destination where they can research their business ecosystem, and easily access the information that keeps them sharp, informed, and competitive. With a monthly audience of more than nine million people, BNET also continued to attract new advertisers during the quarter, including American Express, AT&T, MasterCard, Visa, and WebEx. CNET (www.cnet.com) continues to be the leading destination for a world gone digital. During the quarter, CNET further expanded the reach of its premium video content with the launch of its own channel on YouTube, featuring CNET's original shows such as The Buzz Report, Loaded, and Top 5. The site also announced the official launch of CNET TV 2.0 (www.cnettv.com), featuring closed captioning of the site's popular video content for the deaf and hard-of-hearing communities. To further expand the reach of the brand into new demographics, CNET partnered with Univision Online, Inc., the interactive division of Univision Communications, Inc. and the largest Spanish language brand in the country to launch a new Spanish-language technology mini site on Univision.com (keyword: Tecnologia). Hosted by Univision and branded CNET, the new site features CNET news, reviews, and videos all translated into Spanish. The Spanish speaking population is the fastest growing demographic in the U.S., and the Univision Web sites and broadcast operations reach over 90 percent of the approximately 44 million Hispanics in the U.S. today (2). Awards CNET Networks media properties continued to gain recognition for outstanding content from outside sources during the quarter. CNET News.com was recognized during the quarter for its story "iPhone: The Wait is Over" with a Best in Business Award from the Society of American Business Editors and Writers. In addition, CNET, GameSpot, Metacritic and, TV.com were all named Official Honorees for the 2008 Webby Awards, signifying an outstanding caliber of work. The company's food web site, CHOW, was recognized for its editorial content and design with nine award nominations. The prestigious nominations include a National Magazine Award for general excellence online; two James Beard awards for best website and best web cast; a Webby Award nomination in the food and beverage category; four Maggie awards, including best consumer web site and best consumer web site design; and a Bert Green Journalism award. Business Outlook For the second quarter of 2008, management anticipates total revenues of $100 million to $104 million. This represents year-over-year growth of between 6 percent and 10 percent. Management estimates operating income (loss) in the range of a loss of $0.3 million to income of $1.7 million for the second quarter. Management expects operating income before depreciation, amortization, stock compensation expense, restructuring costs and stockholder proposals and stock option investigation related costs, net, of between $15 million and $17 million for the second quarter. Earnings per share is expected to be in $0.00 in the second quarter. For 2008, management expects total annual revenues to be in the range of $440 million to $460 million. This represents growth of between 8 percent and 13 percent. Management estimates operating income of between $24 and $33 million. Management expects operating income before depreciation, amortization, stock compensation expense, restructuring costs and stockholder proposals and stock option investigation related costs, net, to be between $88 million and $96 million. Earnings per share is expected to be in the range of $0.03 to $0.04 per share for the year. Operating income and earnings per share guidance for the second quarter 2008 does not consider restructuring charges or ongoing costs or insurance reimbursements associated with the Company's concluded stock option investigation. Operating income and earnings per share guidance for 2008 does not consider restructuring charges or ongoing costs or insurance reimbursements associated with the Company's concluded stock option investigation or expenses associated with the Company's recent stockholder proposals that may be incurred in the third and fourth quarters of 2008. Spread the Word! del.icio.us Digg StumbleUpon Help tag:odeo.com,2008-04-25,22478337 Fri, 25 Apr 2008 12:36:48 -0700 no earningsquarter 2008 Q1, cnet, earningscast, Earnings Call http://odeo.com/episodes/22456964-CNet-flat-in-aftermarket-confirms-guidance Podcast here: Press Release CNET Networks Reports First Quarter 2008 Financial Results Company Posts First Quarter Revenue of $91.4 Million Monthly Unique Users Increase to 161 Million SAN FRANCISCO–(BUSINESS WIRE)–April 24, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter ended March 31, 2008. "During the quarter we saw strong traffic growth at each of our key brands, embarked on an exciting strategic partnership with Yahoo! that will positively impact many areas of our business, and we took important steps to reduce costs and improve the profitability of our operating structure," said Neil Ashe, chief executive officer, CNET Networks. "While we are pleased with our progress against these strategic initiatives, there is more to do and we are focused on improving our operational performance." First Quarter 2008 Financial and Operating Highlights Revenues - Total revenues for the first quarter were $91.4 mil... Podcast here: Press Release CNET Networks Reports First Quarter 2008 Financial Results Company Posts First Quarter Revenue of $91.4 Million Monthly Unique Users Increase to 161 Million SAN FRANCISCO–(BUSINESS WIRE)–April 24, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter ended March 31, 2008. "During the quarter we saw strong traffic growth at each of our key brands, embarked on an exciting strategic partnership with Yahoo! that will positively impact many areas of our business, and we took important steps to reduce costs and improve the profitability of our operating structure," said Neil Ashe, chief executive officer, CNET Networks. "While we are pleased with our progress against these strategic initiatives, there is more to do and we are focused on improving our operational performance." First Quarter 2008 Financial and Operating Highlights Revenues - Total revenues for the first quarter were $91.4 million, a 3% percent increase compared to revenues of $89.1 million for the same period of 2007. Operating Loss - On a reported basis, operating loss totaled $18.0 million during the first quarter of 2008 compared to an operating loss of $7.7 million in the year-ago quarter. First quarter 2008 reported operating loss reflects restructuring charges of $5.1 million. Operating loss also includes $2.0 million of costs related to stockholder proposals and $0.3 million of expenses related to the Company's stock option investigation related costs offset by a $2.2 million insurance recovery for litigation expenses. First quarter 2007 reported operating loss reflects $4.4 million in stock option investigation related costs. Non-GAAP operating income before depreciation, amortization, stock compensation expense, restructuring charges and stockholder proposals and stock option investigation related costs, net, was $1.7 million compared to $11.0 million during the first quarter of 2007. Net Loss - Net loss for the first quarter of 2008 was $6.1 million or a loss of $0.04 per share as compared to a net loss of $9.1 million, or a loss of $0.06 per share for the first quarter of 2007. Excluding depreciation, amortization, stock compensation expense, restructuring charges, expenses associated with stockholder proposals and stock option investigation related costs, net, discontinued operations and certain non-operating gains, non-GAAP net loss for the first quarter of 2008 was $4.3 million, or $0.03 per share, compared to non-GAAP net income of $0.5 million during the first quarter of 2007. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the first quarter of 2008 was $15.9 million, up from $11.0 million for the first quarter of 2007. Capital expenditures in the first quarter of 2008 were $7.7 million compared to $7.2 million in the first quarter of 2007. Excluding costs of $2.0 million associated with stockholder proposals costs and a net recovery related to the Company's stock option investigation related costs of $1.9 million in the first quarter of 2008 and of $4.4 million in the first quarter of 2007, free cash flow for the first quarter of 2008 and 2007 was $8.3 million. Free cash flow is defined as cash flow from operating activities less capital expenditures. User Metrics - CNET Networks' global network of Internet properties reached an average of 161 million unique monthly users during the first quarter of 2008 (1). Average daily page views were nearly 90 million during the first quarter (1). Business Highlights Strategic Partnerships: In a separate press release issued today, CNET Networks and Yahoo!, Inc., announced a broad, multi-year agreement that encompasses advertising, content, and search marketing. Under the partnership, CNET Networks and Yahoo! will work together to offer both companies' marketing partners additional opportunities to reach their target audience across both networks' leading web sites. In addition, CNET.com will become the leading provider of technology and consumer electronics content across Yahoo! Tech and other Yahoo sites, and CNET will sell its video inventory in the Yahoo environment. Finally, CNET will construct a program at CNET Download.com for the thousands of independent software vendors in its marketplace to profit from distribution of the Yahoo! toolbar with their products and services. "We're excited about this important partnership with Yahoo!," said Ashe. "With this relationship, we have dramatically expanded the reach of our most important brand, we have optimized our undersold inventory with a premium ad network, and we have created the largest vertical technology ad network for our sales force to sell." Business Realignment: During the quarter, CNET Networks announced a 10 percent reduction in its U.S. workforce. The reduction was the result of the continued implementation of CNET Networks' established business plan and long-term growth strategy, and allows the company to put greater emphasis on its strategic priorities, which include focusing on its leading brands, driving efficiencies throughout the business, and reducing costs. Brand Highlights: During the first quarter, CNET Networks continued to drive innovation and product developments across its leading brands. Recent examples include: BNET (www.bnet.com) continued to launch new features to help business professionals succeed at work. The site, which launched just over a year ago, offers practical insight and straightforward tools that address the challenges business managers face everyday, including award-winning original content, and access to more than 11 million resource articles from over 3,000 leading independent publishers. During the first quarter, BNET launched BNET Industries (www.bnet.com/industries), a free, comprehensive resource providing in-depth news and analysis on 11 industries, including healthcare, automotive, media, pharmaceutical, financial services, food, retail, advertising, energy, technology, and travel, with more industries to be added in the future. BNET Industries combines original reporting with information on more than 9,000 public companies, giving business managers a single destination where they can research their business ecosystem, and easily access the information that keeps them sharp, informed, and competitive. With a monthly audience of more than nine million people, BNET also continued to attract new advertisers during the quarter, including American Express, AT&T, MasterCard, Visa, and WebEx. CNET (www.cnet.com) continues to be the leading destination for a world gone digital. During the quarter, CNET further expanded the reach of its premium video content with the launch of its own channel on YouTube, featuring CNET's original shows such as The Buzz Report, Loaded, and Top 5. The site also announced the official launch of CNET TV 2.0 (www.cnettv.com), featuring closed captioning of the site's popular video content for the deaf and hard-of-hearing communities. To further expand the reach of the brand into new demographics, CNET partnered with Univision Online, Inc., the interactive division of Univision Communications, Inc. and the largest Spanish language brand in the country to launch a new Spanish-language technology mini site on Univision.com (keyword: Tecnologia). Hosted by Univision and branded CNET, the new site features CNET news, reviews, and videos all translated into Spanish. The Spanish speaking population is the fastest growing demographic in the U.S., and the Univision Web sites and broadcast operations reach over 90 percent of the approximately 44 million Hispanics in the U.S. today (2). Awards CNET Networks media properties continued to gain recognition for outstanding content from outside sources during the quarter. CNET News.com was recognized during the quarter for its story "iPhone: The Wait is Over" with a Best in Business Award from the Society of American Business Editors and Writers. In addition, CNET, GameSpot, Metacritic and, TV.com were all named Official Honorees for the 2008 Webby Awards, signifying an outstanding caliber of work. The company's food web site, CHOW, was recognized for its editorial content and design with nine award nominations. The prestigious nominations include a National Magazine Award for general excellence online; two James Beard awards for best website and best web cast; a Webby Award nomination in the food and beverage category; four Maggie awards, including best consumer web site and best consumer web site design; and a Bert Green Journalism award. Business Outlook For the second quarter of 2008, management anticipates total revenues of $100 million to $104 million. This represents year-over-year growth of between 6 percent and 10 percent. Management estimates operating income (loss) in the range of a loss of $0.3 million to income of $1.7 million for the second quarter. Management expects operating income before depreciation, amortization, stock compensation expense, restructuring costs and stockholder proposals and stock option investigation related costs, net, of between $15 million and $17 million for the second quarter. Earnings per share is expected to be in $0.00 in the second quarter. For 2008, management expects total annual revenues to be in the range of $440 million to $460 million. This represents growth of between 8 percent and 13 percent. Management estimates operating income of between $24 and $33 million. Management expects operating income before depreciation, amortization, stock compensation expense, restructuring costs and stockholder proposals and stock option investigation related costs, net, to be between $88 million and $96 million. Earnings per share is expected to be in the range of $0.03 to $0.04 per share for the year. Operating income and earnings per share guidance for the second quarter 2008 does not consider restructuring charges or ongoing costs or insurance reimbursements associated with the Company's concluded stock option investigation. Operating income and earnings per share guidance for 2008 does not consider restructuring charges or ongoing costs or insurance reimbursements associated with the Company's concluded stock option investigation or expenses associated with the Company's recent stockholder proposals that may be incurred in the third and fourth quarters of 2008. Spread the Word! del.icio.us Digg StumbleUpon Help Podcast here: Press Release CNET Networks Reports First Quarter 2008 Financial Results Company Posts First Quarter Revenue of $91.4 Million Monthly Unique Users Increase to 161 Million SAN FRANCISCO–(BUSINESS WIRE)–April 24, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter ended March 31, 2008. "During the quarter we saw strong traffic growth at each of our key brands, embarked on an exciting strategic partnership with Yahoo! that will positively impact many areas of our business, and we took important steps to reduce costs and improve the profitability of our operating structure," said Neil Ashe, chief executive officer, CNET Networks. "While we are pleased with our progress against these strategic initiatives, there is more to do and we are focused on improving our operational performance." First Quarter 2008 Financial and Operating Highlights Revenues - Total revenues for the first quarter were $91.4 million, a 3% percent increase compared to revenues of $89.1 million for the same period of 2007. Operating Loss - On a reported basis, operating loss totaled $18.0 million during the first quarter of 2008 compared to an operating loss of $7.7 million in the year-ago quarter. First quarter 2008 reported operating loss reflects restructuring charges of $5.1 million. Operating loss also includes $2.0 million of costs related to stockholder proposals and $0.3 million of expenses related to the Company's stock option investigation related costs offset by a $2.2 million insurance recovery for litigation expenses. First quarter 2007 reported operating loss reflects $4.4 million in stock option investigation related costs. Non-GAAP operating income before depreciation, amortization, stock compensation expense, restructuring charges and stockholder proposals and stock option investigation related costs, net, was $1.7 million compared to $11.0 million during the first quarter of 2007. Net Loss - Net loss for the first quarter of 2008 was $6.1 million or a loss of $0.04 per share as compared to a net loss of $9.1 million, or a loss of $0.06 per share for the first quarter of 2007. Excluding depreciation, amortization, stock compensation expense, restructuring charges, expenses associated with stockholder proposals and stock option investigation related costs, net, discontinued operations and certain non-operating gains, non-GAAP net loss for the first quarter of 2008 was $4.3 million, or $0.03 per share, compared to non-GAAP net income of $0.5 million during the first quarter of 2007. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the first quarter of 2008 was $15.9 million, up from $11.0 million for the first quarter of 2007. Capital expenditures in the first quarter of 2008 were $7.7 million compared to $7.2 million in the first quarter of 2007. Excluding costs of $2.0 million associated with stockholder proposals costs and a net recovery related to the Company's stock option investigation related costs of $1.9 million in the first quarter of 2008 and of $4.4 million in the first quarter of 2007, free cash flow for the first quarter of 2008 and 2007 was $8.3 million. Free cash flow is defined as cash flow from operating activities less capital expenditures. User Metrics - CNET Networks' global network of Internet properties reached an average of 161 million unique monthly users during the first quarter of 2008 (1). Average daily page views were nearly 90 million during the first quarter (1). Business Highlights Strategic Partnerships: In a separate press release issued today, CNET Networks and Yahoo!, Inc., announced a broad, multi-year agreement that encompasses advertising, content, and search marketing. Under the partnership, CNET Networks and Yahoo! will work together to offer both companies' marketing partners additional opportunities to reach their target audience across both networks' leading web sites. In addition, CNET.com will become the leading provider of technology and consumer electronics content across Yahoo! Tech and other Yahoo sites, and CNET will sell its video inventory in the Yahoo environment. Finally, CNET will construct a program at CNET Download.com for the thousands of independent software vendors in its marketplace to profit from distribution of the Yahoo! toolbar with their products and services. "We're excited about this important partnership with Yahoo!," said Ashe. "With this relationship, we have dramatically expanded the reach of our most important brand, we have optimized our undersold inventory with a premium ad network, and we have created the largest vertical technology ad network for our sales force to sell." Business Realignment: During the quarter, CNET Networks announced a 10 percent reduction in its U.S. workforce. The reduction was the result of the continued implementation of CNET Networks' established business plan and long-term growth strategy, and allows the company to put greater emphasis on its strategic priorities, which include focusing on its leading brands, driving efficiencies throughout the business, and reducing costs. Brand Highlights: During the first quarter, CNET Networks continued to drive innovation and product developments across its leading brands. Recent examples include: BNET (www.bnet.com) continued to launch new features to help business professionals succeed at work. The site, which launched just over a year ago, offers practical insight and straightforward tools that address the challenges business managers face everyday, including award-winning original content, and access to more than 11 million resource articles from over 3,000 leading independent publishers. During the first quarter, BNET launched BNET Industries (www.bnet.com/industries), a free, comprehensive resource providing in-depth news and analysis on 11 industries, including healthcare, automotive, media, pharmaceutical, financial services, food, retail, advertising, energy, technology, and travel, with more industries to be added in the future. BNET Industries combines original reporting with information on more than 9,000 public companies, giving business managers a single destination where they can research their business ecosystem, and easily access the information that keeps them sharp, informed, and competitive. With a monthly audience of more than nine million people, BNET also continued to attract new advertisers during the quarter, including American Express, AT&T, MasterCard, Visa, and WebEx. CNET (www.cnet.com) continues to be the leading destination for a world gone digital. During the quarter, CNET further expanded the reach of its premium video content with the launch of its own channel on YouTube, featuring CNET's original shows such as The Buzz Report, Loaded, and Top 5. The site also announced the official launch of CNET TV 2.0 (www.cnettv.com), featuring closed captioning of the site's popular video content for the deaf and hard-of-hearing communities. To further expand the reach of the brand into new demographics, CNET partnered with Univision Online, Inc., the interactive division of Univision Communications, Inc. and the largest Spanish language brand in the country to launch a new Spanish-language technology mini site on Univision.com (keyword: Tecnologia). Hosted by Univision and branded CNET, the new site features CNET news, reviews, and videos all translated into Spanish. The Spanish speaking population is the fastest growing demographic in the U.S., and the Univision Web sites and broadcast operations reach over 90 percent of the approximately 44 million Hispanics in the U.S. today (2). Awards CNET Networks media properties continued to gain recognition for outstanding content from outside sources during the quarter. CNET News.com was recognized during the quarter for its story "iPhone: The Wait is Over" with a Best in Business Award from the Society of American Business Editors and Writers. In addition, CNET, GameSpot, Metacritic and, TV.com were all named Official Honorees for the 2008 Webby Awards, signifying an outstanding caliber of work. The company's food web site, CHOW, was recognized for its editorial content and design with nine award nominations. The prestigious nominations include a National Magazine Award for general excellence online; two James Beard awards for best website and best web cast; a Webby Award nomination in the food and beverage category; four Maggie awards, including best consumer web site and best consumer web site design; and a Bert Green Journalism award. Business Outlook For the second quarter of 2008, management anticipates total revenues of $100 million to $104 million. This represents year-over-year growth of between 6 percent and 10 percent. Management estimates operating income (loss) in the range of a loss of $0.3 million to income of $1.7 million for the second quarter. Management expects operating income before depreciation, amortization, stock compensation expense, restructuring costs and stockholder proposals and stock option investigation related costs, net, of between $15 million and $17 million for the second quarter. Earnings per share is expected to be in $0.00 in the second quarter. For 2008, management expects total annual revenues to be in the range of $440 million to $460 million. This represents growth of between 8 percent and 13 percent. Management estimates operating income of between $24 and $33 million. Management expects operating income before depreciation, amortization, stock compensation expense, restructuring costs and stockholder proposals and stock option investigation related costs, net, to be between $88 million and $96 million. Earnings per share is expected to be in the range of $0.03 to $0.04 per share for the year. Operating income and earnings per share guidance for the second quarter 2008 does not consider restructuring charges or ongoing costs or insurance reimbursements associated with the Company's concluded stock option investigation. Operating income and earnings per share guidance for 2008 does not consider restructuring charges or ongoing costs or insurance reimbursements associated with the Company's concluded stock option investigation or expenses associated with the Company's recent stockholder proposals that may be incurred in the third and fourth quarters of 2008. Spread the Word! del.icio.us Digg StumbleUpon Help tag:odeo.com,2008-04-25,22456964 Fri, 25 Apr 2008 12:36:48 -0700 no earningsquarter 2008 Q1, cnet, earningscast, Earnings Call http://odeo.com/episodes/22478338-Microsoft-down-3-in-aftermarket Slides here | View | Upload your own Press Release: REDMOND, Wash. — Apr. 24, 2008 — Microsoft Corp. today announced third-quarter revenue, operating income and diluted earnings per share of $14.45 billion, $4.41 billion and $0.47, respectively. Operating income and earnings per share results included a charge of $1.42 billion, or $0.15 per share, for the European Commission fine. Income taxes were reduced by $0.15 per share for the resolution of a tax audit. "Our third-quarter results demonstrate the benefit of our diversified business model,” said Chris Liddell, chief financial officer of Microsoft. “Our broad span across geographies, product categories and customer segments is a tremendous asset and supports our outlook for double-digit revenue, operating income and earnings per share growth for this fiscal year and also for fiscal year 2009." Entertainment and Devices revenue for the quarter grew 68% over the comparable period last year driven by robust demand for Xbox... Slides here | View | Upload your own Press Release: REDMOND, Wash. — Apr. 24, 2008 — Microsoft Corp. today announced third-quarter revenue, operating income and diluted earnings per share of $14.45 billion, $4.41 billion and $0.47, respectively. Operating income and earnings per share results included a charge of $1.42 billion, or $0.15 per share, for the European Commission fine. Income taxes were reduced by $0.15 per share for the resolution of a tax audit. "Our third-quarter results demonstrate the benefit of our diversified business model,” said Chris Liddell, chief financial officer of Microsoft. “Our broad span across geographies, product categories and customer segments is a tremendous asset and supports our outlook for double-digit revenue, operating income and earnings per share growth for this fiscal year and also for fiscal year 2009." Entertainment and Devices revenue for the quarter grew 68% over the comparable period last year driven by robust demand for Xbox 360 consoles. Cumulative console sales surpassed 19 million during the quarter, up 74% from a year ago. Server and Tools revenue growth of 18% added to its string of consecutive double-digit revenue growth quarters, which now stands at 23. "The breadth of our product offerings and our ability to provide solutions across a range of customer and partner needs paid off again this quarter. The third quarter also kicked off the largest enterprise platform launch in our company history, which highlights Windows Server 2008, SQL Server 2008 and Visual Studio 2008,” said Kevin Turner, chief operating officer of Microsoft. “These new products strengthen our ability to help business customers and partners save money, optimize their people, processes and technology, and position IT as a strategic asset for their businesses." Business OutlookMicrosoft management offers the following guidance for the quarter ending June 30, 2008: Revenue is expected to be in the range of $15.5 billion to $15.8 billion. Operating income is expected to be in the range of $5.8 billion to $6.2 billion. Diluted earnings per share are expected to be in the range of $0.45 to $0.48. Management offers the following preliminary guidance for the full fiscal year ending June 30, 2009: Revenue is expected to be in the range of $66.9 billion to $68.0 billion. Operating income is expected to be in the range of $26.7 billion to $27.4 billion. Diluted earnings per share are expected to be in the range of $2.13 to $2.19. Spread the Word! del.icio.us Digg StumbleUpon Help Slides here | View | Upload your own Press Release: REDMOND, Wash. — Apr. 24, 2008 — Microsoft Corp. today announced third-quarter revenue, operating income and diluted earnings per share of $14.45 billion, $4.41 billion and $0.47, respectively. Operating income and earnings per share results included a charge of $1.42 billion, or $0.15 per share, for the European Commission fine. Income taxes were reduced by $0.15 per share for the resolution of a tax audit. "Our third-quarter results demonstrate the benefit of our diversified business model,” said Chris Liddell, chief financial officer of Microsoft. “Our broad span across geographies, product categories and customer segments is a tremendous asset and supports our outlook for double-digit revenue, operating income and earnings per share growth for this fiscal year and also for fiscal year 2009." Entertainment and Devices revenue for the quarter grew 68% over the comparable period last year driven by robust demand for Xbox 360 consoles. Cumulative console sales surpassed 19 million during the quarter, up 74% from a year ago. Server and Tools revenue growth of 18% added to its string of consecutive double-digit revenue growth quarters, which now stands at 23. "The breadth of our product offerings and our ability to provide solutions across a range of customer and partner needs paid off again this quarter. The third quarter also kicked off the largest enterprise platform launch in our company history, which highlights Windows Server 2008, SQL Server 2008 and Visual Studio 2008,” said Kevin Turner, chief operating officer of Microsoft. “These new products strengthen our ability to help business customers and partners save money, optimize their people, processes and technology, and position IT as a strategic asset for their businesses." Business OutlookMicrosoft management offers the following guidance for the quarter ending June 30, 2008: Revenue is expected to be in the range of $15.5 billion to $15.8 billion. Operating income is expected to be in the range of $5.8 billion to $6.2 billion. Diluted earnings per share are expected to be in the range of $0.45 to $0.48. Management offers the following preliminary guidance for the full fiscal year ending June 30, 2009: Revenue is expected to be in the range of $66.9 billion to $68.0 billion. Operating income is expected to be in the range of $26.7 billion to $27.4 billion. Diluted earnings per share are expected to be in the range of $2.13 to $2.19. Spread the Word! del.icio.us Digg StumbleUpon Help tag:odeo.com,2008-04-25,22478338 Fri, 25 Apr 2008 12:01:05 -0700 no earningsquarter 2008 Q1, microsoft, MSFT, earningscast, Earnings Call http://odeo.com/episodes/22456965-Microsoft-down-3-in-aftermarket Slides here | View | Upload your own Press Release: REDMOND, Wash. — Apr. 24, 2008 — Microsoft Corp. today announced third-quarter revenue, operating income and diluted earnings per share of $14.45 billion, $4.41 billion and $0.47, respectively. Operating income and earnings per share results included a charge of $1.42 billion, or $0.15 per share, for the European Commission fine. Income taxes were reduced by $0.15 per share for the resolution of a tax audit. "Our third-quarter results demonstrate the benefit of our diversified business model,” said Chris Liddell, chief financial officer of Microsoft. “Our broad span across geographies, product categories and customer segments is a tremendous asset and supports our outlook for double-digit revenue, operating income and earnings per share growth for this fiscal year and also for fiscal year 2009." Entertainment and Devices revenue for the quarter grew 68% over the comparable period last year driven by robust demand for Xbox... Slides here | View | Upload your own Press Release: REDMOND, Wash. — Apr. 24, 2008 — Microsoft Corp. today announced third-quarter revenue, operating income and diluted earnings per share of $14.45 billion, $4.41 billion and $0.47, respectively. Operating income and earnings per share results included a charge of $1.42 billion, or $0.15 per share, for the European Commission fine. Income taxes were reduced by $0.15 per share for the resolution of a tax audit. "Our third-quarter results demonstrate the benefit of our diversified business model,” said Chris Liddell, chief financial officer of Microsoft. “Our broad span across geographies, product categories and customer segments is a tremendous asset and supports our outlook for double-digit revenue, operating income and earnings per share growth for this fiscal year and also for fiscal year 2009." Entertainment and Devices revenue for the quarter grew 68% over the comparable period last year driven by robust demand for Xbox 360 consoles. Cumulative console sales surpassed 19 million during the quarter, up 74% from a year ago. Server and Tools revenue growth of 18% added to its string of consecutive double-digit revenue growth quarters, which now stands at 23. "The breadth of our product offerings and our ability to provide solutions across a range of customer and partner needs paid off again this quarter. The third quarter also kicked off the largest enterprise platform launch in our company history, which highlights Windows Server 2008, SQL Server 2008 and Visual Studio 2008,” said Kevin Turner, chief operating officer of Microsoft. “These new products strengthen our ability to help business customers and partners save money, optimize their people, processes and technology, and position IT as a strategic asset for their businesses." Business OutlookMicrosoft management offers the following guidance for the quarter ending June 30, 2008: Revenue is expected to be in the range of $15.5 billion to $15.8 billion. Operating income is expected to be in the range of $5.8 billion to $6.2 billion. Diluted earnings per share are expected to be in the range of $0.45 to $0.48. Management offers the following preliminary guidance for the full fiscal year ending June 30, 2009: Revenue is expected to be in the range of $66.9 billion to $68.0 billion. Operating income is expected to be in the range of $26.7 billion to $27.4 billion. Diluted earnings per share are expected to be in the range of $2.13 to $2.19. Spread the Word! del.icio.us Digg StumbleUpon Help Slides here | View | Upload your own Press Release: REDMOND, Wash. — Apr. 24, 2008 — Microsoft Corp. today announced third-quarter revenue, operating income and diluted earnings per share of $14.45 billion, $4.41 billion and $0.47, respectively. Operating income and earnings per share results included a charge of $1.42 billion, or $0.15 per share, for the European Commission fine. Income taxes were reduced by $0.15 per share for the resolution of a tax audit. "Our third-quarter results demonstrate the benefit of our diversified business model,” said Chris Liddell, chief financial officer of Microsoft. “Our broad span across geographies, product categories and customer segments is a tremendous asset and supports our outlook for double-digit revenue, operating income and earnings per share growth for this fiscal year and also for fiscal year 2009." Entertainment and Devices revenue for the quarter grew 68% over the comparable period last year driven by robust demand for Xbox 360 consoles. Cumulative console sales surpassed 19 million during the quarter, up 74% from a year ago. Server and Tools revenue growth of 18% added to its string of consecutive double-digit revenue growth quarters, which now stands at 23. "The breadth of our product offerings and our ability to provide solutions across a range of customer and partner needs paid off again this quarter. The third quarter also kicked off the largest enterprise platform launch in our company history, which highlights Windows Server 2008, SQL Server 2008 and Visual Studio 2008,” said Kevin Turner, chief operating officer of Microsoft. “These new products strengthen our ability to help business customers and partners save money, optimize their people, processes and technology, and position IT as a strategic asset for their businesses." Business OutlookMicrosoft management offers the following guidance for the quarter ending June 30, 2008: Revenue is expected to be in the range of $15.5 billion to $15.8 billion. Operating income is expected to be in the range of $5.8 billion to $6.2 billion. Diluted earnings per share are expected to be in the range of $0.45 to $0.48. Management offers the following preliminary guidance for the full fiscal year ending June 30, 2009: Revenue is expected to be in the range of $66.9 billion to $68.0 billion. Operating income is expected to be in the range of $26.7 billion to $27.4 billion. Diluted earnings per share are expected to be in the range of $2.13 to $2.19. Spread the Word! del.icio.us Digg StumbleUpon Help tag:odeo.com,2008-04-25,22456965 Fri, 25 Apr 2008 12:01:05 -0700 no earningsquarter 2008 Q1, microsoft, MSFT, earningscast, Earnings Call http://odeo.com/episodes/22454028-Microsoft-off-3-in-aftermarket Slides here | View | Upload your own Podcast coming soon Press release REDMOND, Wash. — Apr. 24, 2008 — Microsoft Corp. today announced third-quarter revenue, operating income and diluted earnings per share of $14.45 billion, $4.41 billion and $0.47, respectively. Operating income and earnings per share results included a charge of $1.42 billion, or $0.15 per share, for the European Commission fine. Income taxes were reduced by $0.15 per share for the resolution of a tax audit. “Our third-quarter results demonstrate the benefit of our diversified business model,” said Chris Liddell, chief financial officer of Microsoft. “Our broad span across geographies, product categories and customer segments is a tremendous asset and supports our outlook for double-digit revenue, operating income and earnings per share growth for this fiscal year and also for fiscal year 2009.” Entertainment and Devices revenue for the quarter grew 68% over the comparable period last year driven by r... Slides here | View | Upload your own Podcast coming soon Press release REDMOND, Wash. — Apr. 24, 2008 — Microsoft Corp. today announced third-quarter revenue, operating income and diluted earnings per share of $14.45 billion, $4.41 billion and $0.47, respectively. Operating income and earnings per share results included a charge of $1.42 billion, or $0.15 per share, for the European Commission fine. Income taxes were reduced by $0.15 per share for the resolution of a tax audit. “Our third-quarter results demonstrate the benefit of our diversified business model,” said Chris Liddell, chief financial officer of Microsoft. “Our broad span across geographies, product categories and customer segments is a tremendous asset and supports our outlook for double-digit revenue, operating income and earnings per share growth for this fiscal year and also for fiscal year 2009.” Entertainment and Devices revenue for the quarter grew 68% over the comparable period last year driven by robust demand for Xbox 360 consoles. Cumulative console sales surpassed 19 million during the quarter, up 74% from a year ago. Server and Tools revenue growth of 18% added to its string of consecutive double-digit revenue growth quarters, which now stands at 23. “The breadth of our product offerings and our ability to provide solutions across a range of customer and partner needs paid off again this quarter. The third quarter also kicked off the largest enterprise platform launch in our company history, which highlights Windows Server 2008, SQL Server 2008 and Visual Studio 2008,” said Kevin Turner, chief operating officer of Microsoft. “These new products strengthen our ability to help business customers and partners save money, optimize their people, processes and technology, and position IT as a strategic asset for their businesses.” Business Outlook Microsoft management offers the following guidance for the quarter ending June 30, 2008: Revenue is expected to be in the range of $15.5 billion to $15.8 billion. Operating income is expected to be in the range of $5.8 billion to $6.2 billion. Diluted earnings per share are expected to be in the range of $0.45 to $0.48. Management offers the following preliminary guidance for the full fiscal year ending June 30, 2009: Revenue is expected to be in the range of $66.9 billion to $68.0 billion. Operating income is expected to be in the range of $26.7 billion to $27.4 billion. Diluted earnings per share are expected to be in the range of $2.13 to $2.19. Slides here | View | Upload your own Podcast coming soon Press release REDMOND, Wash. — Apr. 24, 2008 — Microsoft Corp. today announced third-quarter revenue, operating income and diluted earnings per share of $14.45 billion, $4.41 billion and $0.47, respectively. Operating income and earnings per share results included a charge of $1.42 billion, or $0.15 per share, for the European Commission fine. Income taxes were reduced by $0.15 per share for the resolution of a tax audit. “Our third-quarter results demonstrate the benefit of our diversified business model,” said Chris Liddell, chief financial officer of Microsoft. “Our broad span across geographies, product categories and customer segments is a tremendous asset and supports our outlook for double-digit revenue, operating income and earnings per share growth for this fiscal year and also for fiscal year 2009.” Entertainment and Devices revenue for the quarter grew 68% over the comparable period last year driven by robust demand for Xbox 360 consoles. Cumulative console sales surpassed 19 million during the quarter, up 74% from a year ago. Server and Tools revenue growth of 18% added to its string of consecutive double-digit revenue growth quarters, which now stands at 23. “The breadth of our product offerings and our ability to provide solutions across a range of customer and partner needs paid off again this quarter. The third quarter also kicked off the largest enterprise platform launch in our company history, which highlights Windows Server 2008, SQL Server 2008 and Visual Studio 2008,” said Kevin Turner, chief operating officer of Microsoft. “These new products strengthen our ability to help business customers and partners save money, optimize their people, processes and technology, and position IT as a strategic asset for their businesses.” Business Outlook Microsoft management offers the following guidance for the quarter ending June 30, 2008: Revenue is expected to be in the range of $15.5 billion to $15.8 billion. Operating income is expected to be in the range of $5.8 billion to $6.2 billion. Diluted earnings per share are expected to be in the range of $0.45 to $0.48. Management offers the following preliminary guidance for the full fiscal year ending June 30, 2009: Revenue is expected to be in the range of $66.9 billion to $68.0 billion. Operating income is expected to be in the range of $26.7 billion to $27.4 billion. Diluted earnings per share are expected to be in the range of $2.13 to $2.19. tag:odeo.com,2008-04-24,22454028 Thu, 24 Apr 2008 13:42:06 -0700 no earningsquarter Listing, 2008 Q1, MSFT, chris liddell, third quarter results, xbox 360 consoles, customer segments, kevin turner, earnings per share http://odeo.com/episodes/22454477-CNet-confirms-guidance-flat-in-aftermarket Podcast available soon CNET Networks Reports Fourth Quarter and Full Year 2007 Financial Results Company Posts Full Year 2007 Revenue of $406 Million Full Year 2007 Marketing Services Revenue up 10% Monthly Unique Users Increase to 148 Million SAN FRANCISCO–(BUSINESS WIRE)–Feb. 5, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter and year ended December 31, 2007. “We are pleased with our solid performance in the fourth quarter,” said Neil Ashe, chief executive officer, CNET Networks. “CNET Networks enters 2008 with a solid management team, a quality collection of properties and a balance sheet which provides us the financial flexibility to create value for all shareholders.” Fourth Quarter 2007 Financial and Operating Highlights Revenues - Total revenues for the fourth quarter were $125.5 million, an 11 percent increase compared to revenues of $113.1 million for the same period of 2006. Operating Income ... Podcast available soon CNET Networks Reports Fourth Quarter and Full Year 2007 Financial Results Company Posts Full Year 2007 Revenue of $406 Million Full Year 2007 Marketing Services Revenue up 10% Monthly Unique Users Increase to 148 Million SAN FRANCISCO–(BUSINESS WIRE)–Feb. 5, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter and year ended December 31, 2007. “We are pleased with our solid performance in the fourth quarter,” said Neil Ashe, chief executive officer, CNET Networks. “CNET Networks enters 2008 with a solid management team, a quality collection of properties and a balance sheet which provides us the financial flexibility to create value for all shareholders.” Fourth Quarter 2007 Financial and Operating Highlights Revenues - Total revenues for the fourth quarter were $125.5 million, an 11 percent increase compared to revenues of $113.1 million for the same period of 2006. Operating Income - On a reported basis, operating income totaled $20.9 million during the fourth quarter of 2007 compared to operating income of $8.2 million in the year-ago quarter. Fourth quarter 2007 reported operating income reflects $742,000 in costs principally related to litigation concerning the Company’s concluded stock option investigation. Fourth quarter 2006 reported operating income reflects $6.5 million in stock option investigation related costs and a $1.4 million non-cash goodwill impairment. Operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $35.5 million for the fourth quarter of 2007 compared to $23.4 million in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $742,000 during the fourth quarter of 2007 and $6.5 million in the year-ago quarter, operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $36.3 million compared to $30.0 million during the fourth quarter of 2006. On a reported basis, operating profit margin was 17 percent compared to an operating profit margin of 7 percent in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters, the profit margin of operating income before depreciation, amortization, goodwill impairments, and stock compensation expense was 29 percent compared to 26 percent in the fourth quarter of 2006. Net Income - Net income for the fourth quarter of 2007 was $202.6 million, or $1.33 per diluted share. This compares with net income of $5.3 million, or $0.03 per diluted share for the fourth quarter of 2006. Net income for the fourth quarter of 2007 was positively impacted by a $184.2 million income tax benefit related to the release of a portion of the Company’s deferred tax valuation allowance during the quarter. Net income for the fourth quarter of 2006 was negatively impacted by a $1.4 million non-cash goodwill asset impairment expense and by $6.5 million in costs associated with the Company’s stock option investigation and related matters. Excluding the valuation release related tax benefit, stock compensation expense, costs associated with the Company’s stock option investigation and related matters, goodwill impairments, realized gains on investments and loss from discontinued operations, adjusted net income for the fourth quarter of 2007 was $22.7 million, or $0.15 on a diluted share basis, compared to $17.9 million, or $0.12 per diluted share, during the fourth quarter of 2006. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the fourth quarter of 2007 was $21.0 million, up from $10.8 million for the fourth quarter of 2006. Capital expenditures in the fourth quarter of 2007 were $7.6 million compared to $5.9 million in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $742,000 in the fourth quarter of 2007 and $6.5 million in the fourth quarter of 2006, free cash flow for the fourth quarter of 2007 was $14.2 million compared to $11.4 million in the fourth quarter of 2006. Free cash flow is defined as cash flow from operating activities less capital expenditures. User Metrics - In the fourth quarter of 2007, the Company completed the migration of its U.S. data reporting platforms to its international properties. As such, the Company’s user metrics now include the full effect of its new and developing international properties in China and Europe. Given the timing of the implementation, prior quarter data and year-over-year comparisons are not available. Utilizing the migrated reporting platforms, CNET Networks’ global network of Internet properties reached an average of 148 million unique monthly users during the fourth quarter of 2007 (1). Average daily page views were nearly 83 million during the fourth quarter (1). Full Year 2007 Financial Highlights Revenues - Total revenues for the full year 2007 were $405.9 million, a 10 percent increase compared to revenues of $369.3 million during 2006. Operating Income - On a reported basis, operating income totaled $16.2 million during 2007 compared to operating income of $7.5 million during 2006. Full year 2007 reported operating income reflects $8.4 million in costs associated with the Company’s concluded stock option investigation. Full year 2006 reported operating income reflects $13.7 million in stock option investigation related costs and $2.8 million of non-cash goodwill impairments. Operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $71.2 million during 2007 compared to $58.5 million in 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $8.4 million during 2007 and $13.7 million in 2006, operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $79.7 million compared to $72.2 million during 2006. On a reported basis, operating profit margin was 4 percent compared to an operating profit margin of 2 percent last year. Excluding costs associated with the Company’s stock option investigation and related matters, the profit margin of operating income before depreciation, amortization, goodwill impairments, and stock compensation expense was 20 percent in both 2007 and 2006. Net Income - Net income for 2007 was $176.8 million, or $1.16 per diluted share. This compares with net income of $6.8 million, or $0.04 per diluted share for 2006. Net income for 2007 was positively impacted by a $184.2 million income tax benefit related to the release of a portion of the Company’s deferred tax valuation allowance during the fourth quarter of 2007 and $2.2 million in gains on private investments offset by $8.4 million in costs associated with the Company’s stock option investigation and related matters. Excluding the valuation allowance release tax benefit, stock compensation expense, costs associated with the Company’s stock option investigation and related matters, goodwill impairments, and realized gains on investments, adjusted net income for 2007 was $36.7 million, or $0.24 on a diluted share basis, compared to $41.0 million, or $0.27 per diluted share, during 2006. Cash Flow and Capital Expenditures - Net cash provided by operating activities during 2007 was $61.8 million, down from $64.0 million during 2006. Net capital expenditures in 2007 were $27.4 million compared to $32.8 million during 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $8.4 million in 2007 and $13.7 million in 2006, free cash flow in 2007 was $42.8 million compared to $44.9 million in 2006. Free cash flow is defined as cash flow from operating activities less net capital expenditures. A reconciliation of the non-GAAP measures used in this release to the most comparable GAAP measure and further information regarding the Company’s stock compensation expense, impairment charges and realized gains on investments are included in the accompanying “Operating Income Reconciliation”, “Net Income Reconciliation”, and “Cash Flows from Operating Activities Reconciliation” and “Operating Expense Reconciliation”. Business Highlights “We compete in a fast paced industry where change is constant,” said Ashe. “CNET Networks has consistently and repeatedly innovated to lead changes in the internet landscape and we are excited to do so again in 2008.” Management Team Additions: In November 2007, Dave Morris joined the Company as senior vice president of network sales. In his new role, Morris is responsible for overseeing CNET Networks’ corporate sales and partnership accounts. A veteran of Time Inc., Morris brings more than 20 years of marketing, sales, and publishing experience to CNET Networks. Most recently Morris was president and publisher of Entertainment Weekly and EW.com, where he led the publication and Web site to record profits and audience numbers. New Growth Opportunities: In December 2007, CNET Networks announced the Open Content Platform, an easy, scaleable way for CNET Networks to share content with publishers from around the web, giving consumers access to the content they want, where they want it. Through the Open Content Platform, CNET Networks can export the best content from its leading brands BNET, CNET, CHOW, GameSpot, and TV.com, and import premium content from other publishers to enhance the user experience on its own sites. Partners include AOL, YouTube, and NPD Group, as well as more targeted web sites and popular blogs such as BuddyTV, Cupcake BakeShop, GeekEntertainmentTV, The Gothamist Network, Monster.com, Revision3, Savory Cities, Virapop.com, and Wikia. BNET  www.bnet.com) continues to be an important new brand for the Company. BNET offers practical insight and straightforward tools that address the challenges business managers face everyday. During the fourth quarter, the Company acquired FindArticles.com for $20.5 million - a library of 11 million resource articles from over 3,000 leading independent publishers. FindArticles complements the existing resource channel on BNET, offering the ability to gain scale through high-quality content and specialized information sources to meet the needs of business professionals. BNET also continued to produce original video content, including shows with leading business book authors and interviews with successful business people and entrepreneurs. CNET Networks continued its investment in China, a market where the Company has proven its ability to strategically add and grow new brands in new categories. The Company acquired Cheshi  www.cheshi.com.cn), a leading Beijing-based automotive website whose leading advertisers include Mazda, Infiniti, Dong Feng-Nissan, Buick, and Ford. The acquisition bolsters CNET Networks’ leadership position in the auto category in China, which also includes the web sites XCAR and GOCAR. Brand Highlights: During the fourth quarter, CNET Networks continued to drive innovation and product developments across its leading brands. Examples include:   " target="_blank"CNET.com  www.cnet.com) and GameSpot  www.gamespot.com) continued to be go-to resources for people who wanted to learn about the latest consumer electronics and games during the holiday season. CNET’s holiday features, including the annual gift guide and live Holiday Help Desk call-in show contributed to a 14 percent increase in unique users and a nine percent increase in streams from the fourth quarter 2006 (2). GameSpot’s coverage of popular releases such as Guitar Hero III, and editorial features such as the GameSpot Best of 2007 Awards highlighting the best games of the year, attracted record numbers of page views and users, with 19 of the site’s top 20 traffic days in 2007 falling during the 4th quarter. CNET had another impressive showing at the annual 2008 International Consumer Electronics Show. As the authoritative voice of the show, CNET produced hundreds of product reviews and videos, contributing to 12 percent more average daily unique users during the five day show than last year, and a 15 percent increase in streams over 2007. CNET TV content was served up in over 75,000 hotel rooms throughout Las Vegas, bringing show attendees the latest news from the show floor. In addition, CNET editors were once again sought out by national and international media, including CNN, CNBC, National Public Radio, and the BBC, to provide their expert, unbiased opinion on the latest technology news, products, and trends. CHOW  www.chow.com) rolled out an innovative recipe feature that lets food fanatics change CHOW recipes to fit their own taste, and then share their recipes with the CHOW community. The first of-its-kind Recipe Hack feature is ideal for cooks who find themselves tweaking ingredient portions or who want to share their creative interpretations of familiar recipe standards. CHOW users can view all hacks made by other members, as well as track new submissions from favorite users, and upload photos to personalize the presentation of their own recipes. Business Outlook For fiscal 2008, management expects total annual revenues to be in the range of $440 million to $460 million. This represents growth of between 8 percent and 13 percent. Including $20 million in stock compensation expense, management estimates operating income of between $21 and $29 million. Management expects operating income before depreciation, amortization and stock compensation expense to be between $88 million and $96 million. Including stock compensation expense of approximately $0.06 per diluted share, net of tax, earnings per share is expected to be in the range of $0.06 to $0.08 per share for the year. For the first quarter of 2008, management anticipates total revenues of $91 million to $95 million. This represents year-over-year growth of between 2 percent and 7 percent. Including approximately $5.0 million in non-cash stock compensation expense, management estimates an operating loss in the range of $12 million to $14 million for the first quarter. Management expects operating income before depreciation, amortization, and stock compensation expense of between $3.0 million and $5.0 million for the quarter. Including stock compensation expense of approximately $0.02 per diluted share, net of tax, earnings per share is expected to be in the range of a loss of $0.04 to a loss of $0.05 in the first quarter. Operating income and net income guidance for the first quarter and full-year 2008 does not consider ongoing costs associated with the Company’s concluded stock option investigation and related matters or expenses associated with the Company’s recent stockholder proposals. Podcast available soon CNET Networks Reports Fourth Quarter and Full Year 2007 Financial Results Company Posts Full Year 2007 Revenue of $406 Million Full Year 2007 Marketing Services Revenue up 10% Monthly Unique Users Increase to 148 Million SAN FRANCISCO–(BUSINESS WIRE)–Feb. 5, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter and year ended December 31, 2007. “We are pleased with our solid performance in the fourth quarter,” said Neil Ashe, chief executive officer, CNET Networks. “CNET Networks enters 2008 with a solid management team, a quality collection of properties and a balance sheet which provides us the financial flexibility to create value for all shareholders.” Fourth Quarter 2007 Financial and Operating Highlights Revenues - Total revenues for the fourth quarter were $125.5 million, an 11 percent increase compared to revenues of $113.1 million for the same period of 2006. Operating Income - On a reported basis, operating income totaled $20.9 million during the fourth quarter of 2007 compared to operating income of $8.2 million in the year-ago quarter. Fourth quarter 2007 reported operating income reflects $742,000 in costs principally related to litigation concerning the Company’s concluded stock option investigation. Fourth quarter 2006 reported operating income reflects $6.5 million in stock option investigation related costs and a $1.4 million non-cash goodwill impairment. Operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $35.5 million for the fourth quarter of 2007 compared to $23.4 million in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $742,000 during the fourth quarter of 2007 and $6.5 million in the year-ago quarter, operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $36.3 million compared to $30.0 million during the fourth quarter of 2006. On a reported basis, operating profit margin was 17 percent compared to an operating profit margin of 7 percent in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters, the profit margin of operating income before depreciation, amortization, goodwill impairments, and stock compensation expense was 29 percent compared to 26 percent in the fourth quarter of 2006. Net Income - Net income for the fourth quarter of 2007 was $202.6 million, or $1.33 per diluted share. This compares with net income of $5.3 million, or $0.03 per diluted share for the fourth quarter of 2006. Net income for the fourth quarter of 2007 was positively impacted by a $184.2 million income tax benefit related to the release of a portion of the Company’s deferred tax valuation allowance during the quarter. Net income for the fourth quarter of 2006 was negatively impacted by a $1.4 million non-cash goodwill asset impairment expense and by $6.5 million in costs associated with the Company’s stock option investigation and related matters. Excluding the valuation release related tax benefit, stock compensation expense, costs associated with the Company’s stock option investigation and related matters, goodwill impairments, realized gains on investments and loss from discontinued operations, adjusted net income for the fourth quarter of 2007 was $22.7 million, or $0.15 on a diluted share basis, compared to $17.9 million, or $0.12 per diluted share, during the fourth quarter of 2006. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the fourth quarter of 2007 was $21.0 million, up from $10.8 million for the fourth quarter of 2006. Capital expenditures in the fourth quarter of 2007 were $7.6 million compared to $5.9 million in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $742,000 in the fourth quarter of 2007 and $6.5 million in the fourth quarter of 2006, free cash flow for the fourth quarter of 2007 was $14.2 million compared to $11.4 million in the fourth quarter of 2006. Free cash flow is defined as cash flow from operating activities less capital expenditures. User Metrics - In the fourth quarter of 2007, the Company completed the migration of its U.S. data reporting platforms to its international properties. As such, the Company’s user metrics now include the full effect of its new and developing international properties in China and Europe. Given the timing of the implementation, prior quarter data and year-over-year comparisons are not available. Utilizing the migrated reporting platforms, CNET Networks’ global network of Internet properties reached an average of 148 million unique monthly users during the fourth quarter of 2007 (1). Average daily page views were nearly 83 million during the fourth quarter (1). Full Year 2007 Financial Highlights Revenues - Total revenues for the full year 2007 were $405.9 million, a 10 percent increase compared to revenues of $369.3 million during 2006. Operating Income - On a reported basis, operating income totaled $16.2 million during 2007 compared to operating income of $7.5 million during 2006. Full year 2007 reported operating income reflects $8.4 million in costs associated with the Company’s concluded stock option investigation. Full year 2006 reported operating income reflects $13.7 million in stock option investigation related costs and $2.8 million of non-cash goodwill impairments. Operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $71.2 million during 2007 compared to $58.5 million in 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $8.4 million during 2007 and $13.7 million in 2006, operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $79.7 million compared to $72.2 million during 2006. On a reported basis, operating profit margin was 4 percent compared to an operating profit margin of 2 percent last year. Excluding costs associated with the Company’s stock option investigation and related matters, the profit margin of operating income before depreciation, amortization, goodwill impairments, and stock compensation expense was 20 percent in both 2007 and 2006. Net Income - Net income for 2007 was $176.8 million, or $1.16 per diluted share. This compares with net income of $6.8 million, or $0.04 per diluted share for 2006. Net income for 2007 was positively impacted by a $184.2 million income tax benefit related to the release of a portion of the Company’s deferred tax valuation allowance during the fourth quarter of 2007 and $2.2 million in gains on private investments offset by $8.4 million in costs associated with the Company’s stock option investigation and related matters. Excluding the valuation allowance release tax benefit, stock compensation expense, costs associated with the Company’s stock option investigation and related matters, goodwill impairments, and realized gains on investments, adjusted net income for 2007 was $36.7 million, or $0.24 on a diluted share basis, compared to $41.0 million, or $0.27 per diluted share, during 2006. Cash Flow and Capital Expenditures - Net cash provided by operating activities during 2007 was $61.8 million, down from $64.0 million during 2006. Net capital expenditures in 2007 were $27.4 million compared to $32.8 million during 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $8.4 million in 2007 and $13.7 million in 2006, free cash flow in 2007 was $42.8 million compared to $44.9 million in 2006. Free cash flow is defined as cash flow from operating activities less net capital expenditures. A reconciliation of the non-GAAP measures used in this release to the most comparable GAAP measure and further information regarding the Company’s stock compensation expense, impairment charges and realized gains on investments are included in the accompanying “Operating Income Reconciliation”, “Net Income Reconciliation”, and “Cash Flows from Operating Activities Reconciliation” and “Operating Expense Reconciliation”. Business Highlights “We compete in a fast paced industry where change is constant,” said Ashe. “CNET Networks has consistently and repeatedly innovated to lead changes in the internet landscape and we are excited to do so again in 2008.” Management Team Additions: In November 2007, Dave Morris joined the Company as senior vice president of network sales. In his new role, Morris is responsible for overseeing CNET Networks’ corporate sales and partnership accounts. A veteran of Time Inc., Morris brings more than 20 years of marketing, sales, and publishing experience to CNET Networks. Most recently Morris was president and publisher of Entertainment Weekly and EW.com, where he led the publication and Web site to record profits and audience numbers. New Growth Opportunities: In December 2007, CNET Networks announced the Open Content Platform, an easy, scaleable way for CNET Networks to share content with publishers from around the web, giving consumers access to the content they want, where they want it. Through the Open Content Platform, CNET Networks can export the best content from its leading brands BNET, CNET, CHOW, GameSpot, and TV.com, and import premium content from other publishers to enhance the user experience on its own sites. Partners include AOL, YouTube, and NPD Group, as well as more targeted web sites and popular blogs such as BuddyTV, Cupcake BakeShop, GeekEntertainmentTV, The Gothamist Network, Monster.com, Revision3, Savory Cities, Virapop.com, and Wikia. BNET  www.bnet.com) continues to be an important new brand for the Company. BNET offers practical insight and straightforward tools that address the challenges business managers face everyday. During the fourth quarter, the Company acquired FindArticles.com for $20.5 million - a library of 11 million resource articles from over 3,000 leading independent publishers. FindArticles complements the existing resource channel on BNET, offering the ability to gain scale through high-quality content and specialized information sources to meet the needs of business professionals. BNET also continued to produce original video content, including shows with leading business book authors and interviews with successful business people and entrepreneurs. CNET Networks continued its investment in China, a market where the Company has proven its ability to strategically add and grow new brands in new categories. The Company acquired Cheshi  www.cheshi.com.cn), a leading Beijing-based automotive website whose leading advertisers include Mazda, Infiniti, Dong Feng-Nissan, Buick, and Ford. The acquisition bolsters CNET Networks’ leadership position in the auto category in China, which also includes the web sites XCAR and GOCAR. Brand Highlights: During the fourth quarter, CNET Networks continued to drive innovation and product developments across its leading brands. Examples include:   " target="_blank"CNET.com  www.cnet.com) and GameSpot  www.gamespot.com) continued to be go-to resources for people who wanted to learn about the latest consumer electronics and games during the holiday season. CNET’s holiday features, including the annual gift guide and live Holiday Help Desk call-in show contributed to a 14 percent increase in unique users and a nine percent increase in streams from the fourth quarter 2006 (2). GameSpot’s coverage of popular releases such as Guitar Hero III, and editorial features such as the GameSpot Best of 2007 Awards highlighting the best games of the year, attracted record numbers of page views and users, with 19 of the site’s top 20 traffic days in 2007 falling during the 4th quarter. CNET had another impressive showing at the annual 2008 International Consumer Electronics Show. As the authoritative voice of the show, CNET produced hundreds of product reviews and videos, contributing to 12 percent more average daily unique users during the five day show than last year, and a 15 percent increase in streams over 2007. CNET TV content was served up in over 75,000 hotel rooms throughout Las Vegas, bringing show attendees the latest news from the show floor. In addition, CNET editors were once again sought out by national and international media, including CNN, CNBC, National Public Radio, and the BBC, to provide their expert, unbiased opinion on the latest technology news, products, and trends. CHOW  www.chow.com) rolled out an innovative recipe feature that lets food fanatics change CHOW recipes to fit their own taste, and then share their recipes with the CHOW community. The first of-its-kind Recipe Hack feature is ideal for cooks who find themselves tweaking ingredient portions or who want to share their creative interpretations of familiar recipe standards. CHOW users can view all hacks made by other members, as well as track new submissions from favorite users, and upload photos to personalize the presentation of their own recipes. Business Outlook For fiscal 2008, management expects total annual revenues to be in the range of $440 million to $460 million. This represents growth of between 8 percent and 13 percent. Including $20 million in stock compensation expense, management estimates operating income of between $21 and $29 million. Management expects operating income before depreciation, amortization and stock compensation expense to be between $88 million and $96 million. Including stock compensation expense of approximately $0.06 per diluted share, net of tax, earnings per share is expected to be in the range of $0.06 to $0.08 per share for the year. For the first quarter of 2008, management anticipates total revenues of $91 million to $95 million. This represents year-over-year growth of between 2 percent and 7 percent. Including approximately $5.0 million in non-cash stock compensation expense, management estimates an operating loss in the range of $12 million to $14 million for the first quarter. Management expects operating income before depreciation, amortization, and stock compensation expense of between $3.0 million and $5.0 million for the quarter. Including stock compensation expense of approximately $0.02 per diluted share, net of tax, earnings per share is expected to be in the range of a loss of $0.04 to a loss of $0.05 in the first quarter. Operating income and net income guidance for the first quarter and full-year 2008 does not consider ongoing costs associated with the Company’s concluded stock option investigation and related matters or expenses associated with the Company’s recent stockholder proposals. tag:odeo.com,2008-04-24,22454477 Thu, 24 Apr 2008 13:13:48 -0700 no earningsquarter Listing, 2008 Q1, cnet, goodwill impairment, company posts, cnet networks inc, stock compensation, financial flexibility, quality collection http://odeo.com/episodes/22453711-CNet-misses-down-2-in-aftermarket Podcast available soon CNET Networks Reports Fourth Quarter and Full Year 2007 Financial Results Company Posts Full Year 2007 Revenue of $406 Million Full Year 2007 Marketing Services Revenue up 10% Monthly Unique Users Increase to 148 Million SAN FRANCISCO–(BUSINESS WIRE)–Feb. 5, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter and year ended December 31, 2007. “We are pleased with our solid performance in the fourth quarter,” said Neil Ashe, chief executive officer, CNET Networks. “CNET Networks enters 2008 with a solid management team, a quality collection of properties and a balance sheet which provides us the financial flexibility to create value for all shareholders.” Fourth Quarter 2007 Financial and Operating Highlights Revenues - Total revenues for the fourth quarter were $125.5 million, an 11 percent increase compared to revenues of $113.1 million for the same period of 2006. Operating Income ... Podcast available soon CNET Networks Reports Fourth Quarter and Full Year 2007 Financial Results Company Posts Full Year 2007 Revenue of $406 Million Full Year 2007 Marketing Services Revenue up 10% Monthly Unique Users Increase to 148 Million SAN FRANCISCO–(BUSINESS WIRE)–Feb. 5, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter and year ended December 31, 2007. “We are pleased with our solid performance in the fourth quarter,” said Neil Ashe, chief executive officer, CNET Networks. “CNET Networks enters 2008 with a solid management team, a quality collection of properties and a balance sheet which provides us the financial flexibility to create value for all shareholders.” Fourth Quarter 2007 Financial and Operating Highlights Revenues - Total revenues for the fourth quarter were $125.5 million, an 11 percent increase compared to revenues of $113.1 million for the same period of 2006. Operating Income - On a reported basis, operating income totaled $20.9 million during the fourth quarter of 2007 compared to operating income of $8.2 million in the year-ago quarter. Fourth quarter 2007 reported operating income reflects $742,000 in costs principally related to litigation concerning the Company’s concluded stock option investigation. Fourth quarter 2006 reported operating income reflects $6.5 million in stock option investigation related costs and a $1.4 million non-cash goodwill impairment. Operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $35.5 million for the fourth quarter of 2007 compared to $23.4 million in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $742,000 during the fourth quarter of 2007 and $6.5 million in the year-ago quarter, operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $36.3 million compared to $30.0 million during the fourth quarter of 2006. On a reported basis, operating profit margin was 17 percent compared to an operating profit margin of 7 percent in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters, the profit margin of operating income before depreciation, amortization, goodwill impairments, and stock compensation expense was 29 percent compared to 26 percent in the fourth quarter of 2006. Net Income - Net income for the fourth quarter of 2007 was $202.6 million, or $1.33 per diluted share. This compares with net income of $5.3 million, or $0.03 per diluted share for the fourth quarter of 2006. Net income for the fourth quarter of 2007 was positively impacted by a $184.2 million income tax benefit related to the release of a portion of the Company’s deferred tax valuation allowance during the quarter. Net income for the fourth quarter of 2006 was negatively impacted by a $1.4 million non-cash goodwill asset impairment expense and by $6.5 million in costs associated with the Company’s stock option investigation and related matters. Excluding the valuation release related tax benefit, stock compensation expense, costs associated with the Company’s stock option investigation and related matters, goodwill impairments, realized gains on investments and loss from discontinued operations, adjusted net income for the fourth quarter of 2007 was $22.7 million, or $0.15 on a diluted share basis, compared to $17.9 million, or $0.12 per diluted share, during the fourth quarter of 2006. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the fourth quarter of 2007 was $21.0 million, up from $10.8 million for the fourth quarter of 2006. Capital expenditures in the fourth quarter of 2007 were $7.6 million compared to $5.9 million in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $742,000 in the fourth quarter of 2007 and $6.5 million in the fourth quarter of 2006, free cash flow for the fourth quarter of 2007 was $14.2 million compared to $11.4 million in the fourth quarter of 2006. Free cash flow is defined as cash flow from operating activities less capital expenditures. User Metrics - In the fourth quarter of 2007, the Company completed the migration of its U.S. data reporting platforms to its international properties. As such, the Company’s user metrics now include the full effect of its new and developing international properties in China and Europe. Given the timing of the implementation, prior quarter data and year-over-year comparisons are not available. Utilizing the migrated reporting platforms, CNET Networks’ global network of Internet properties reached an average of 148 million unique monthly users during the fourth quarter of 2007 (1). Average daily page views were nearly 83 million during the fourth quarter (1). Full Year 2007 Financial Highlights Revenues - Total revenues for the full year 2007 were $405.9 million, a 10 percent increase compared to revenues of $369.3 million during 2006. Operating Income - On a reported basis, operating income totaled $16.2 million during 2007 compared to operating income of $7.5 million during 2006. Full year 2007 reported operating income reflects $8.4 million in costs associated with the Company’s concluded stock option investigation. Full year 2006 reported operating income reflects $13.7 million in stock option investigation related costs and $2.8 million of non-cash goodwill impairments. Operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $71.2 million during 2007 compared to $58.5 million in 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $8.4 million during 2007 and $13.7 million in 2006, operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $79.7 million compared to $72.2 million during 2006. On a reported basis, operating profit margin was 4 percent compared to an operating profit margin of 2 percent last year. Excluding costs associated with the Company’s stock option investigation and related matters, the profit margin of operating income before depreciation, amortization, goodwill impairments, and stock compensation expense was 20 percent in both 2007 and 2006. Net Income - Net income for 2007 was $176.8 million, or $1.16 per diluted share. This compares with net income of $6.8 million, or $0.04 per diluted share for 2006. Net income for 2007 was positively impacted by a $184.2 million income tax benefit related to the release of a portion of the Company’s deferred tax valuation allowance during the fourth quarter of 2007 and $2.2 million in gains on private investments offset by $8.4 million in costs associated with the Company’s stock option investigation and related matters. Excluding the valuation allowance release tax benefit, stock compensation expense, costs associated with the Company’s stock option investigation and related matters, goodwill impairments, and realized gains on investments, adjusted net income for 2007 was $36.7 million, or $0.24 on a diluted share basis, compared to $41.0 million, or $0.27 per diluted share, during 2006. Cash Flow and Capital Expenditures - Net cash provided by operating activities during 2007 was $61.8 million, down from $64.0 million during 2006. Net capital expenditures in 2007 were $27.4 million compared to $32.8 million during 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $8.4 million in 2007 and $13.7 million in 2006, free cash flow in 2007 was $42.8 million compared to $44.9 million in 2006. Free cash flow is defined as cash flow from operating activities less net capital expenditures. A reconciliation of the non-GAAP measures used in this release to the most comparable GAAP measure and further information regarding the Company’s stock compensation expense, impairment charges and realized gains on investments are included in the accompanying “Operating Income Reconciliation”, “Net Income Reconciliation”, and “Cash Flows from Operating Activities Reconciliation” and “Operating Expense Reconciliation”. Business Highlights “We compete in a fast paced industry where change is constant,” said Ashe. “CNET Networks has consistently and repeatedly innovated to lead changes in the internet landscape and we are excited to do so again in 2008.” Management Team Additions: In November 2007, Dave Morris joined the Company as senior vice president of network sales. In his new role, Morris is responsible for overseeing CNET Networks’ corporate sales and partnership accounts. A veteran of Time Inc., Morris brings more than 20 years of marketing, sales, and publishing experience to CNET Networks. Most recently Morris was president and publisher of Entertainment Weekly and EW.com, where he led the publication and Web site to record profits and audience numbers. New Growth Opportunities: In December 2007, CNET Networks announced the Open Content Platform, an easy, scaleable way for CNET Networks to share content with publishers from around the web, giving consumers access to the content they want, where they want it. Through the Open Content Platform, CNET Networks can export the best content from its leading brands BNET, CNET, CHOW, GameSpot, and TV.com, and import premium content from other publishers to enhance the user experience on its own sites. Partners include AOL, YouTube, and NPD Group, as well as more targeted web sites and popular blogs such as BuddyTV, Cupcake BakeShop, GeekEntertainmentTV, The Gothamist Network, Monster.com, Revision3, Savory Cities, Virapop.com, and Wikia. BNET (www.bnet.com) continues to be an important new brand for the Company. BNET offers practical insight and straightforward tools that address the challenges business managers face everyday. During the fourth quarter, the Company acquired FindArticles.com for $20.5 million - a library of 11 million resource articles from over 3,000 leading independent publishers. FindArticles complements the existing resource channel on BNET, offering the ability to gain scale through high-quality content and specialized information sources to meet the needs of business professionals. BNET also continued to produce original video content, including shows with leading business book authors and interviews with successful business people and entrepreneurs. CNET Networks continued its investment in China, a market where the Company has proven its ability to strategically add and grow new brands in new categories. The Company acquired Cheshi (www.cheshi.com.cn), a leading Beijing-based automotive website whose leading advertisers include Mazda, Infiniti, Dong Feng-Nissan, Buick, and Ford. The acquisition bolsters CNET Networks’ leadership position in the auto category in China, which also includes the web sites XCAR and GOCAR. Brand Highlights: During the fourth quarter, CNET Networks continued to drive innovation and product developments across its leading brands. Examples include: CNET.com (www.cnet.com) and GameSpot (www.gamespot.com) continued to be go-to resources for people who wanted to learn about the latest consumer electronics and games during the holiday season. CNET’s holiday features, including the annual gift guide and live Holiday Help Desk call-in show contributed to a 14 percent increase in unique users and a nine percent increase in streams from the fourth quarter 2006 (2). GameSpot’s coverage of popular releases such as Guitar Hero III, and editorial features such as the GameSpot Best of 2007 Awards highlighting the best games of the year, attracted record numbers of page views and users, with 19 of the site’s top 20 traffic days in 2007 falling during the 4th quarter. CNET had another impressive showing at the annual 2008 International Consumer Electronics Show. As the authoritative voice of the show, CNET produced hundreds of product reviews and videos, contributing to 12 percent more average daily unique users during the five day show than last year, and a 15 percent increase in streams over 2007. CNET TV content was served up in over 75,000 hotel rooms throughout Las Vegas, bringing show attendees the latest news from the show floor. In addition, CNET editors were once again sought out by national and international media, including CNN, CNBC, National Public Radio, and the BBC, to provide their expert, unbiased opinion on the latest technology news, products, and trends. CHOW (www.chow.com) rolled out an innovative recipe feature that lets food fanatics change CHOW recipes to fit their own taste, and then share their recipes with the CHOW community. The first of-its-kind Recipe Hack feature is ideal for cooks who find themselves tweaking ingredient portions or who want to share their creative interpretations of familiar recipe standards. CHOW users can view all hacks made by other members, as well as track new submissions from favorite users, and upload photos to personalize the presentation of their own recipes. Business Outlook For fiscal 2008, management expects total annual revenues to be in the range of $440 million to $460 million. This represents growth of between 8 percent and 13 percent. Including $20 million in stock compensation expense, management estimates operating income of between $21 and $29 million. Management expects operating income before depreciation, amortization and stock compensation expense to be between $88 million and $96 million. Including stock compensation expense of approximately $0.06 per diluted share, net of tax, earnings per share is expected to be in the range of $0.06 to $0.08 per share for the year. For the first quarter of 2008, management anticipates total revenues of $91 million to $95 million. This represents year-over-year growth of between 2 percent and 7 percent. Including approximately $5.0 million in non-cash stock compensation expense, management estimates an operating loss in the range of $12 million to $14 million for the first quarter. Management expects operating income before depreciation, amortization, and stock compensation expense of between $3.0 million and $5.0 million for the quarter. Including stock compensation expense of approximately $0.02 per diluted share, net of tax, earnings per share is expected to be in the range of a loss of $0.04 to a loss of $0.05 in the first quarter. Operating income and net income guidance for the first quarter and full-year 2008 does not consider ongoing costs associated with the Company’s concluded stock option investigation and related matters or expenses associated with the Company’s recent stockholder proposals. Podcast available soon CNET Networks Reports Fourth Quarter and Full Year 2007 Financial Results Company Posts Full Year 2007 Revenue of $406 Million Full Year 2007 Marketing Services Revenue up 10% Monthly Unique Users Increase to 148 Million SAN FRANCISCO–(BUSINESS WIRE)–Feb. 5, 2008–CNET Networks, Inc. (Nasdaq:CNET) today reported financial results for the quarter and year ended December 31, 2007. “We are pleased with our solid performance in the fourth quarter,” said Neil Ashe, chief executive officer, CNET Networks. “CNET Networks enters 2008 with a solid management team, a quality collection of properties and a balance sheet which provides us the financial flexibility to create value for all shareholders.” Fourth Quarter 2007 Financial and Operating Highlights Revenues - Total revenues for the fourth quarter were $125.5 million, an 11 percent increase compared to revenues of $113.1 million for the same period of 2006. Operating Income - On a reported basis, operating income totaled $20.9 million during the fourth quarter of 2007 compared to operating income of $8.2 million in the year-ago quarter. Fourth quarter 2007 reported operating income reflects $742,000 in costs principally related to litigation concerning the Company’s concluded stock option investigation. Fourth quarter 2006 reported operating income reflects $6.5 million in stock option investigation related costs and a $1.4 million non-cash goodwill impairment. Operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $35.5 million for the fourth quarter of 2007 compared to $23.4 million in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $742,000 during the fourth quarter of 2007 and $6.5 million in the year-ago quarter, operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $36.3 million compared to $30.0 million during the fourth quarter of 2006. On a reported basis, operating profit margin was 17 percent compared to an operating profit margin of 7 percent in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters, the profit margin of operating income before depreciation, amortization, goodwill impairments, and stock compensation expense was 29 percent compared to 26 percent in the fourth quarter of 2006. Net Income - Net income for the fourth quarter of 2007 was $202.6 million, or $1.33 per diluted share. This compares with net income of $5.3 million, or $0.03 per diluted share for the fourth quarter of 2006. Net income for the fourth quarter of 2007 was positively impacted by a $184.2 million income tax benefit related to the release of a portion of the Company’s deferred tax valuation allowance during the quarter. Net income for the fourth quarter of 2006 was negatively impacted by a $1.4 million non-cash goodwill asset impairment expense and by $6.5 million in costs associated with the Company’s stock option investigation and related matters. Excluding the valuation release related tax benefit, stock compensation expense, costs associated with the Company’s stock option investigation and related matters, goodwill impairments, realized gains on investments and loss from discontinued operations, adjusted net income for the fourth quarter of 2007 was $22.7 million, or $0.15 on a diluted share basis, compared to $17.9 million, or $0.12 per diluted share, during the fourth quarter of 2006. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the fourth quarter of 2007 was $21.0 million, up from $10.8 million for the fourth quarter of 2006. Capital expenditures in the fourth quarter of 2007 were $7.6 million compared to $5.9 million in the fourth quarter of 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $742,000 in the fourth quarter of 2007 and $6.5 million in the fourth quarter of 2006, free cash flow for the fourth quarter of 2007 was $14.2 million compared to $11.4 million in the fourth quarter of 2006. Free cash flow is defined as cash flow from operating activities less capital expenditures. User Metrics - In the fourth quarter of 2007, the Company completed the migration of its U.S. data reporting platforms to its international properties. As such, the Company’s user metrics now include the full effect of its new and developing international properties in China and Europe. Given the timing of the implementation, prior quarter data and year-over-year comparisons are not available. Utilizing the migrated reporting platforms, CNET Networks’ global network of Internet properties reached an average of 148 million unique monthly users during the fourth quarter of 2007 (1). Average daily page views were nearly 83 million during the fourth quarter (1). Full Year 2007 Financial Highlights Revenues - Total revenues for the full year 2007 were $405.9 million, a 10 percent increase compared to revenues of $369.3 million during 2006. Operating Income - On a reported basis, operating income totaled $16.2 million during 2007 compared to operating income of $7.5 million during 2006. Full year 2007 reported operating income reflects $8.4 million in costs associated with the Company’s concluded stock option investigation. Full year 2006 reported operating income reflects $13.7 million in stock option investigation related costs and $2.8 million of non-cash goodwill impairments. Operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $71.2 million during 2007 compared to $58.5 million in 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $8.4 million during 2007 and $13.7 million in 2006, operating income before depreciation, amortization, goodwill impairment and stock compensation expense was $79.7 million compared to $72.2 million during 2006. On a reported basis, operating profit margin was 4 percent compared to an operating profit margin of 2 percent last year. Excluding costs associated with the Company’s stock option investigation and related matters, the profit margin of operating income before depreciation, amortization, goodwill impairments, and stock compensation expense was 20 percent in both 2007 and 2006. Net Income - Net income for 2007 was $176.8 million, or $1.16 per diluted share. This compares with net income of $6.8 million, or $0.04 per diluted share for 2006. Net income for 2007 was positively impacted by a $184.2 million income tax benefit related to the release of a portion of the Company’s deferred tax valuation allowance during the fourth quarter of 2007 and $2.2 million in gains on private investments offset by $8.4 million in costs associated with the Company’s stock option investigation and related matters. Excluding the valuation allowance release tax benefit, stock compensation expense, costs associated with the Company’s stock option investigation and related matters, goodwill impairments, and realized gains on investments, adjusted net income for 2007 was $36.7 million, or $0.24 on a diluted share basis, compared to $41.0 million, or $0.27 per diluted share, during 2006. Cash Flow and Capital Expenditures - Net cash provided by operating activities during 2007 was $61.8 million, down from $64.0 million during 2006. Net capital expenditures in 2007 were $27.4 million compared to $32.8 million during 2006. Excluding costs associated with the Company’s stock option investigation and related matters of $8.4 million in 2007 and $13.7 million in 2006, free cash flow in 2007 was $42.8 million compared to $44.9 million in 2006. Free cash flow is defined as cash flow from operating activities less net capital expenditures. A reconciliation of the non-GAAP measures used in this release to the most comparable GAAP measure and further information regarding the Company’s stock compensation expense, impairment charges and realized gains on investments are included in the accompanying “Operating Income Reconciliation”, “Net Income Reconciliation”, and “Cash Flows from Operating Activities Reconciliation” and “Operating Expense Reconciliation”. Business Highlights “We compete in a fast paced industry where change is constant,” said Ashe. “CNET Networks has consistently and repeatedly innovated to lead changes in the internet landscape and we are excited to do so again in 2008.” Management Team Additions: In November 2007, Dave Morris joined the Company as senior vice president of network sales. In his new role, Morris is responsible for overseeing CNET Networks’ corporate sales and partnership accounts. A veteran of Time Inc., Morris brings more than 20 years of marketing, sales, and publishing experience to CNET Networks. Most recently Morris was president and publisher of Entertainment Weekly and EW.com, where he led the publication and Web site to record profits and audience numbers. New Growth Opportunities: In December 2007, CNET Networks announced the Open Content Platform, an easy, scaleable way for CNET Networks to share content with publishers from around the web, giving consumers access to the content they want, where they want it. Through the Open Content Platform, CNET Networks can export the best content from its leading brands BNET, CNET, CHOW, GameSpot, and TV.com, and import premium content from other publishers to enhance the user experience on its own sites. Partners include AOL, YouTube, and NPD Group, as well as more targeted web sites and popular blogs such as BuddyTV, Cupcake BakeShop, GeekEntertainmentTV, The Gothamist Network, Monster.com, Revision3, Savory Cities, Virapop.com, and Wikia. BNET (www.bnet.com) continues to be an important new brand for the Company. BNET offers practical insight and straightforward tools that address the challenges business managers face everyday. During the fourth quarter, the Company acquired FindArticles.com for $20.5 million - a library of 11 million resource articles from over 3,000 leading independent publishers. FindArticles complements the existing resource channel on BNET, offering the ability to gain scale through high-quality content and specialized information sources to meet the needs of business professionals. BNET also continued to produce original video content, including shows with leading business book authors and interviews with successful business people and entrepreneurs. CNET Networks continued its investment in China, a market where the Company has proven its ability to strategically add and grow new brands in new categories. The Company acquired Cheshi (www.cheshi.com.cn), a leading Beijing-based automotive website whose leading advertisers include Mazda, Infiniti, Dong Feng-Nissan, Buick, and Ford. The acquisition bolsters CNET Networks’ leadership position in the auto category in China, which also includes the web sites XCAR and GOCAR. Brand Highlights: During the fourth quarter, CNET Networks continued to drive innovation and product developments across its leading brands. Examples include: CNET.com (www.cnet.com) and GameSpot (www.gamespot.com) continued to be go-to resources for people who wanted to learn about the latest consumer electronics and games during the holiday season. CNET’s holiday features, including the annual gift guide and live Holiday Help Desk call-in show contributed to a 14 percent increase in unique users and a nine percent increase in streams from the fourth quarter 2006 (2). GameSpot’s coverage of popular releases such as Guitar Hero III, and editorial features such as the GameSpot Best of 2007 Awards highlighting the best games of the year, attracted record numbers of page views and users, with 19 of the site’s top 20 traffic days in 2007 falling during the 4th quarter. CNET had another impressive showing at the annual 2008 International Consumer Electronics Show. As the authoritative voice of the show, CNET produced hundreds of product reviews and videos, contributing to 12 percent more average daily unique users during the five day show than last year, and a 15 percent increase in streams over 2007. CNET TV content was served up in over 75,000 hotel rooms throughout Las Vegas, bringing show attendees the latest news from the show floor. In addition, CNET editors were once again sought out by national and international media, including CNN, CNBC, National Public Radio, and the BBC, to provide their expert, unbiased opinion on the latest technology news, products, and trends. CHOW (www.chow.com) rolled out an innovative recipe feature that lets food fanatics change CHOW recipes to fit their own taste, and then share their recipes with the CHOW community. The first of-its-kind Recipe Hack feature is ideal for cooks who find themselves tweaking ingredient portions or who want to share their creative interpretations of familiar recipe standards. CHOW users can view all hacks made by other members, as well as track new submissions from favorite users, and upload photos to personalize the presentation of their own recipes. Business Outlook For fiscal 2008, management expects total annual revenues to be in the range of $440 million to $460 million. This represents growth of between 8 percent and 13 percent. Including $20 million in stock compensation expense, management estimates operating income of between $21 and $29 million. Management expects operating income before depreciation, amortization and stock compensation expense to be between $88 million and $96 million. Including stock compensation expense of approximately $0.06 per diluted share, net of tax, earnings per share is expected to be in the range of $0.06 to $0.08 per share for the year. For the first quarter of 2008, management anticipates total revenues of $91 million to $95 million. This represents year-over-year growth of between 2 percent and 7 percent. Including approximately $5.0 million in non-cash stock compensation expense, management estimates an operating loss in the range of $12 million to $14 million for the first quarter. Management expects operating income before depreciation, amortization, and stock compensation expense of between $3.0 million and $5.0 million for the quarter. Including stock compensation expense of approximately $0.02 per diluted share, net of tax, earnings per share is expected to be in the range of a loss of $0.04 to a loss of $0.05 in the first quarter. Operating income and net income guidance for the first quarter and full-year 2008 does not consider ongoing costs associated with the Company’s concluded stock option investigation and related matters or expenses associated with the Company’s recent stockholder proposals. tag:odeo.com,2008-04-24,22453711 Thu, 24 Apr 2008 13:13:48 -0700 no earningsquarter Listing, cnet, goodwill impairment, company posts, cnet networks inc, stock compensation, financial flexibility, quality collection http://odeo.com/episodes/22451695-Apple-trades-down-in-aftermarket-audio-of-call-plus-10Q Techmeme discussion Techcrunch, with comments Silicon Alley Insider Analysis Paul Kedrosky - Analysis Apple’s 10Q is here Apple Reports Record Second Quarter Results Revenue Up 43 Percent Year-Over-Year CUPERTINO, California—April 23, 2008—Apple® today announced financial results for its fiscal 2008 second quarter ended March 29, 2008. The Company posted revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share. These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share, in the year-ago quarter. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter’s revenue. Apple shipped 2,289,000 Macintosh® computers during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The Company sold 10,644,000 iPods during the quarter, representing one percent unit gr... Techmeme discussion Techcrunch, with comments Silicon Alley Insider Analysis Paul Kedrosky - Analysis Apple’s 10Q is here Apple Reports Record Second Quarter Results Revenue Up 43 Percent Year-Over-Year CUPERTINO, California—April 23, 2008—Apple® today announced financial results for its fiscal 2008 second quarter ended March 29, 2008. The Company posted revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share. These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share, in the year-ago quarter. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter’s revenue. Apple shipped 2,289,000 Macintosh® computers during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The Company sold 10,644,000 iPods during the quarter, representing one percent unit growth and eight percent revenue growth over the year-ago quarter. Quarterly iPhone™ sales were 1,703,000. “We’re delighted to report 43 percent revenue growth and the strongest March quarter revenue and earnings in Apple’s history,” said Steve Jobs, Apple’s CEO. “With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters.” “We’re thrilled to have generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00.” Techmeme discussion Techcrunch, with comments Silicon Alley Insider Analysis Paul Kedrosky - Analysis Apple’s 10Q is here Apple Reports Record Second Quarter Results Revenue Up 43 Percent Year-Over-Year CUPERTINO, California—April 23, 2008—Apple® today announced financial results for its fiscal 2008 second quarter ended March 29, 2008. The Company posted revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share. These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share, in the year-ago quarter. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter’s revenue. Apple shipped 2,289,000 Macintosh® computers during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The Company sold 10,644,000 iPods during the quarter, representing one percent unit growth and eight percent revenue growth over the year-ago quarter. Quarterly iPhone™ sales were 1,703,000. “We’re delighted to report 43 percent revenue growth and the strongest March quarter revenue and earnings in Apple’s history,” said Steve Jobs, Apple’s CEO. “With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters.” “We’re thrilled to have generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00.” tag:odeo.com,2008-04-23,22451695 Wed, 23 Apr 2008 15:10:19 -0700 no earningsquarter 2008 Q1, aapl, diluted share, peter oppenheimer, macintosh computers, cupertino california, quarterly profit, steve jobs apple http://odeo.com/episodes/22447198-Yahoo-Q1-2008-Earnings-Call-stock-dropping-in-aftermarket-Slides-and-Audio Techcrunch Techmeme Silicon Alley Insider Yahoo Press Release Excerpts First Quarter 2008 Segment Financial Results • United States segment revenues for the first quarter of 2008 were $1,307 million, a 19 percent increase compared to $1,101 million for the same period of 2007. • International segment revenues for the first quarter of 2008 were $510 million, an 11 percent decrease compared to $571 million for the same period of 2007. • United States segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $315 million, an 8 percent decrease compared to $342 million for the same period of 2007. • International segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $118 million, a 1 percent decrease compared to $119 million for the same period of 2007. “Yahoo!’s first quarter 2008 financial performance was on target and aligned with... Techcrunch Techmeme Silicon Alley Insider Yahoo Press Release Excerpts First Quarter 2008 Segment Financial Results • United States segment revenues for the first quarter of 2008 were $1,307 million, a 19 percent increase compared to $1,101 million for the same period of 2007. • International segment revenues for the first quarter of 2008 were $510 million, an 11 percent decrease compared to $571 million for the same period of 2007. • United States segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $315 million, an 8 percent decrease compared to $342 million for the same period of 2007. • International segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $118 million, a 1 percent decrease compared to $119 million for the same period of 2007. “Yahoo!’s first quarter 2008 financial performance was on target and aligned with our strategy to generate substantial value for stockholders,” said Blake Jorgensen, chief financial officer, Yahoo! Inc. “Our strong growth in free cash flow, excellent capital position, and ample scale give us the resources to execute our plans to grow operating cash flow substantially. Core revenue grew at an attractive, double-digit pace. The capital expenditures and substantial investments we made in people last year and early this year are now producing gains in our core, long term growth initiatives,” Jorgensen added. | View | Upload your own Techcrunch Techmeme Silicon Alley Insider Yahoo Press Release Excerpts First Quarter 2008 Segment Financial Results • United States segment revenues for the first quarter of 2008 were $1,307 million, a 19 percent increase compared to $1,101 million for the same period of 2007. • International segment revenues for the first quarter of 2008 were $510 million, an 11 percent decrease compared to $571 million for the same period of 2007. • United States segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $315 million, an 8 percent decrease compared to $342 million for the same period of 2007. • International segment operating income before depreciation, amortization, and stock-based compensation expense for the first quarter of 2008 was $118 million, a 1 percent decrease compared to $119 million for the same period of 2007. “Yahoo!’s first quarter 2008 financial performance was on target and aligned with our strategy to generate substantial value for stockholders,” said Blake Jorgensen, chief financial officer, Yahoo! Inc. “Our strong growth in free cash flow, excellent capital position, and ample scale give us the resources to execute our plans to grow operating cash flow substantially. Core revenue grew at an attractive, double-digit pace. The capital expenditures and substantial investments we made in people last year and early this year are now producing gains in our core, long term growth initiatives,” Jorgensen added. | View | Upload your own tag:odeo.com,2008-04-22,22447198 Tue, 22 Apr 2008 12:48:40 -0700 no earningsquarter Listing, YHOO, 2008 Q1, yahoo, stock, earnings, earningscast, Q1 2008 http://odeo.com/episodes/22436067-Google-up-almost-20-in-aftermarket-slides-and-audio Chart Google announced its Q1 2008 results today and did well enough to set off a run on the stock, up more than $75 as I write, almost 20%. | View | Upload your own Techmeme discussion TechCrunch Live Blogging -Press Release- GOOGLE ANNOUNCES FIRST QUARTER 2008 RESULTS MOUNTAIN VIEW, Calif. – April 17, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2008. “Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google,” said Eric Schmidt, CEO of Google. “As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners. Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term.” Q1 Financial Summary Google’s results for th... Chart Google announced its Q1 2008 results today and did well enough to set off a run on the stock, up more than $75 as I write, almost 20%. | View | Upload your own Techmeme discussion TechCrunch Live Blogging -Press Release- GOOGLE ANNOUNCES FIRST QUARTER 2008 RESULTS MOUNTAIN VIEW, Calif. – April 17, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2008. “Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google,” said Eric Schmidt, CEO of Google. “As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners. Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term.” Q1 Financial Summary Google’s results for the quarter ended March 31, 2008, include the operations of DoubleClick Inc. from the date of acquisition, March 11, 2008, through the end of the quarter, and are compared to pre-acquisition results of prior periods. The overall impact of DoubleClick in the first quarter of 2008 was immaterial to revenue and only slightly dilutive to both GAAP and non-GAAP operating income, net income and earnings per share. Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, an increase of 42% compared to the first quarter of 2007 and an increase of 7% compared to the fourth quarter of 2007. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC. In the first quarter of 2008, TAC totaled $1.49 billion, or 29% of advertising revenues. Google reports operating income, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis. The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables. GAAP operating income for the first quarter of 2008 was $1.55 billion, or 30% of revenues. This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007. Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007. Non-GAAP net income in the first quarter of 2008 was $1.54 billion, compared to $1.41 billion in the fourth quarter of 2007. GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007 on 318 million diluted shares outstanding. Non-GAAP EPS in the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP EPS are computed net of stock-based compensation (SBC). In the first quarter of 2008, the charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007. Tax benefits related to SBC have also been excluded from these non-GAAP measures. The tax benefit related to SBC was $51 million in the first quarter of 2008 and $42 million in the fourth quarter of 2007. Reconciliations of non-GAAP measures to GAAP operating income, operating margin, net income, and EPS are included at the end of this release. Q1 Financial Highlights Revenues – Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, representing a 42% increase over first quarter 2007 revenues of $3.66 billion and a 7% increase over fourth quarter 2007 revenues of $4.83 billion. Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC. Google Sites Revenues - Google-owned sites generated revenues of $3.40 billion, or 66% of total revenues, in the first quarter of 2008. This represents a 49% increase over first quarter 2007 revenues of $2.28 billion and a 9% increase over fourth quarter 2007 revenues of $3.12 billion. Google Network Revenues - Google’s partner sites generated revenues, through AdSense programs, of $1.69 billion, or 33% of total revenues, in the first quarter of 2008. This represents a 25% increase over network revenues of $1.35 billion generated in the first quarter of 2007 and a 3% increase over fourth quarter 2007 revenues of $1.64 billion. International Revenues - Revenues from outside of the United States totaled $2.65 billion, representing 51% of total revenues in the first quarter of 2008, compared to 47% in the first quarter of 2007 and 48% in the fourth quarter of 2007. Had foreign exchange rates remained constant from the fourth quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $18 million lower. Had foreign exchange rates remained constant from the first quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $202 million lower. Revenues from the United Kingdom totaled $803 million, representing 15% of revenue in the first quarter of 2008, compared to 16% in the first quarter of 2007 and 14% in the fourth quarter of 2007. Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 20% over the first quarter of 2007 and approximately 4% over the fourth quarter of 2007. TAC - Traffic Acquisition Costs, the portion of revenues shared with Google’s partners, increased to $1.49 billion in the first quarter of 2008. This compares to TAC of $1.44 billion in the fourth quarter of 2007. TAC as a percentage of advertising revenues was 29% in the first quarter, compared to 30% in the fourth quarter of 2007. The majority of TAC expense is related to amounts ultimately paid to our AdSense partners, which totaled $1.34 billion in the first quarter of 2008. TAC is also related to amounts ultimately paid to certain distribution partners and others who direct traffic to our website, which totaled $143 million in the first quarter of 2008. Other Cost of Revenues - Other cost of revenues, which is comprised primarily of data center operational expenses, credit card processing charges as well as content acquisition costs, increased to $624 million, or 12% of revenues, in the first quarter of 2008, compared to $516 million, or 11% of revenues, in the fourth quarter of 2007. Pursuant to our acquisition of DoubleClick, we allocated $862 million to identified intangible assets, which have a weighted average useful life of 6.3 years. Operating Expenses - Operating expenses, other than cost of revenues, were $1.53 billion in the first quarter of 2008, or 30% of revenues, compared to $1.43 billion in the fourth quarter of 2007, or 30% of revenues. The operating expenses in the first quarter of 2008 included $809 million in payroll-related and facilities expenses, compared to $756 million in the fourth quarter of 2007. Stock-Based Compensation (SBC) – In the first quarter of 2008, the total charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007. We currently estimate stock-based compensation charges for grants to employees prior to April 1, 2008 to be approximately $1.1 billion for 2008. This does not include expenses to be recognized related to employee stock awards that are granted after April 1, 2008 or non-employee stock awards that have been or may be granted. We currently anticipate that dilution related to all equity grants to employees will be at or below 2% this year. Operating Income - GAAP operating income in the first quarter of 2008 was $1.55 billion, or 30% of revenues. This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007. Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. Net Income – GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007. Non-GAAP net income was $1.54 billion in the first quarter of 2008, compared to $1.41 billion in the fourth quarter of 2007. GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007, on 318 million diluted shares outstanding. Non-GAAP EPS for the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Income Taxes – Our effective tax rate was 24% for the first quarter of 2008. Cash Flow and Capital Expenditures – Net cash provided by operating activities for the first quarter of 2008 totaled $1.78 billion as compared to $1.69 billion for the fourth quarter of 2007. In the first quarter of 2008, capital expenditures were $842 million, the majority of which was related to IT infrastructure investments, including data centers, servers, and networking equipment. Free cash flow, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities less capital expenditures. In the first quarter of 2008, free cash flow was $938 million. We expect to continue to make significant capital expenditures. A reconciliation of free cash flow to net cash provided by operating activities, the GAAP measure of liquidity, is included at the end of this release. Cash – As of March 31, 2008, cash, cash equivalents, and marketable securities were $12.1 billion. On a worldwide basis, Google employed 19,156 full-time employees as of March 31, 2008, up from 16,805 full-time employees as of December 31, 2007. Of the 2,351 employees added in the first quarter of 2008, approximately 1,500 were associated with DoubleClick. Since the close of the acquisition, Google has conducted a review of its ongoing headcount requirements and approximately 10% of the DoubleClick workforce was laid off in the U.S. in early April. Chart Google announced its Q1 2008 results today and did well enough to set off a run on the stock, up more than $75 as I write, almost 20%. | View | Upload your own Techmeme discussion TechCrunch Live Blogging -Press Release- GOOGLE ANNOUNCES FIRST QUARTER 2008 RESULTS MOUNTAIN VIEW, Calif. – April 17, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2008. “Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google,” said Eric Schmidt, CEO of Google. “As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners. Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term.” Q1 Financial Summary Google’s results for the quarter ended March 31, 2008, include the operations of DoubleClick Inc. from the date of acquisition, March 11, 2008, through the end of the quarter, and are compared to pre-acquisition results of prior periods. The overall impact of DoubleClick in the first quarter of 2008 was immaterial to revenue and only slightly dilutive to both GAAP and non-GAAP operating income, net income and earnings per share. Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, an increase of 42% compared to the first quarter of 2007 and an increase of 7% compared to the fourth quarter of 2007. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC. In the first quarter of 2008, TAC totaled $1.49 billion, or 29% of advertising revenues. Google reports operating income, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis. The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables. GAAP operating income for the first quarter of 2008 was $1.55 billion, or 30% of revenues. This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007. Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007. Non-GAAP net income in the first quarter of 2008 was $1.54 billion, compared to $1.41 billion in the fourth quarter of 2007. GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007 on 318 million diluted shares outstanding. Non-GAAP EPS in the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP EPS are computed net of stock-based compensation (SBC). In the first quarter of 2008, the charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007. Tax benefits related to SBC have also been excluded from these non-GAAP measures. The tax benefit related to SBC was $51 million in the first quarter of 2008 and $42 million in the fourth quarter of 2007. Reconciliations of non-GAAP measures to GAAP operating income, operating margin, net income, and EPS are included at the end of this release. Q1 Financial Highlights Revenues – Google reported revenues of $5.19 billion for the quarter ended March 31, 2008, representing a 42% increase over first quarter 2007 revenues of $3.66 billion and a 7% increase over fourth quarter 2007 revenues of $4.83 billion. Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC. Google Sites Revenues - Google-owned sites generated revenues of $3.40 billion, or 66% of total revenues, in the first quarter of 2008. This represents a 49% increase over first quarter 2007 revenues of $2.28 billion and a 9% increase over fourth quarter 2007 revenues of $3.12 billion. Google Network Revenues - Google’s partner sites generated revenues, through AdSense programs, of $1.69 billion, or 33% of total revenues, in the first quarter of 2008. This represents a 25% increase over network revenues of $1.35 billion generated in the first quarter of 2007 and a 3% increase over fourth quarter 2007 revenues of $1.64 billion. International Revenues - Revenues from outside of the United States totaled $2.65 billion, representing 51% of total revenues in the first quarter of 2008, compared to 47% in the first quarter of 2007 and 48% in the fourth quarter of 2007. Had foreign exchange rates remained constant from the fourth quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $18 million lower. Had foreign exchange rates remained constant from the first quarter of 2007 through the first quarter of 2008, our revenues in the first quarter of 2008 would have been $202 million lower. Revenues from the United Kingdom totaled $803 million, representing 15% of revenue in the first quarter of 2008, compared to 16% in the first quarter of 2007 and 14% in the fourth quarter of 2007. Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 20% over the first quarter of 2007 and approximately 4% over the fourth quarter of 2007. TAC - Traffic Acquisition Costs, the portion of revenues shared with Google’s partners, increased to $1.49 billion in the first quarter of 2008. This compares to TAC of $1.44 billion in the fourth quarter of 2007. TAC as a percentage of advertising revenues was 29% in the first quarter, compared to 30% in the fourth quarter of 2007. The majority of TAC expense is related to amounts ultimately paid to our AdSense partners, which totaled $1.34 billion in the first quarter of 2008. TAC is also related to amounts ultimately paid to certain distribution partners and others who direct traffic to our website, which totaled $143 million in the first quarter of 2008. Other Cost of Revenues - Other cost of revenues, which is comprised primarily of data center operational expenses, credit card processing charges as well as content acquisition costs, increased to $624 million, or 12% of revenues, in the first quarter of 2008, compared to $516 million, or 11% of revenues, in the fourth quarter of 2007. Pursuant to our acquisition of DoubleClick, we allocated $862 million to identified intangible assets, which have a weighted average useful life of 6.3 years. Operating Expenses - Operating expenses, other than cost of revenues, were $1.53 billion in the first quarter of 2008, or 30% of revenues, compared to $1.43 billion in the fourth quarter of 2007, or 30% of revenues. The operating expenses in the first quarter of 2008 included $809 million in payroll-related and facilities expenses, compared to $756 million in the fourth quarter of 2007. Stock-Based Compensation (SBC) – In the first quarter of 2008, the total charge related to SBC was $281 million as compared to $245 million in the fourth quarter of 2007. We currently estimate stock-based compensation charges for grants to employees prior to April 1, 2008 to be approximately $1.1 billion for 2008. This does not include expenses to be recognized related to employee stock awards that are granted after April 1, 2008 or non-employee stock awards that have been or may be granted. We currently anticipate that dilution related to all equity grants to employees will be at or below 2% this year. Operating Income - GAAP operating income in the first quarter of 2008 was $1.55 billion, or 30% of revenues. This compares to GAAP operating income of $1.44 billion, or 30% of revenues, in the fourth quarter of 2007. Non-GAAP operating income in the first quarter of 2008 was $1.83 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.69 billion, or 35% of revenues, in the fourth quarter of 2007. Net Income – GAAP net income for the first quarter of 2008 was $1.31 billion as compared to $1.21 billion in the fourth quarter of 2007. Non-GAAP net income was $1.54 billion in the first quarter of 2008, compared to $1.41 billion in the fourth quarter of 2007. GAAP EPS for the first quarter of 2008 was $4.12 on 317 million diluted shares outstanding, compared to $3.79 for the fourth quarter of 2007, on 318 million diluted shares outstanding. Non-GAAP EPS for the first quarter of 2008 was $4.84, compared to $4.43 in the fourth quarter of 2007. Income Taxes – Our effective tax rate was 24% for the first quarter of 2008. Cash Flow and Capital Expenditures – Net cash provided by operating activities for the first quarter of 2008 totaled $1.78 billion as compared to $1.69 billion for the fourth quarter of 2007. In the first quarter of 2008, capital expenditures were $842 million, the majority of which was related to IT infrastructure investments, including data centers, servers, and networking equipment. Free cash flow, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities less capital expenditures. In the first quarter of 2008, free cash flow was $938 million. We expect to continue to make significant capital expenditures. A reconciliation of free cash flow to net cash provided by operating activities, the GAAP measure of liquidity, is included at the end of this release. Cash – As of March 31, 2008, cash, cash equivalents, and marketable securities were $12.1 billion. On a worldwide basis, Google employed 19,156 full-time employees as of March 31, 2008, up from 16,805 full-time employees as of December 31, 2007. Of the 2,351 employees added in the first quarter of 2008, approximately 1,500 were associated with DoubleClick. Since the close of the acquisition, Google has conducted a review of its ongoing headcount requirements and approximately 10% of the DoubleClick workforce was laid off in the U.S. in early April. tag:odeo.com,2008-04-17,22436067 Thu, 17 Apr 2008 13:17:33 -0700 no earningsquarter Listing, EPS, GOOG, SBC, 2008 Q1, google inc, acquisition results, acquisition costs, doubleclick inc, 2006 Q3, gross basis http://odeo.com/episodes/22008637-McClatchy-Q3-2007-earnings-call Audio Instructions Here Related Stories Google Finance Paidcontent.org In their own words: SACRAMENTO, Calif., Oct. 16 /PRNewswire-FirstCall/ — The McClatchy Company MNI today reported preliminary earnings from continuing operations in the third quarter of 2007 of $23.5 million, or 29 cents per share. Preliminary earnings do not include an anticipated non-cash charge to GAAP earnings for impairment of goodwill and long-lived assets discussed below, but do include a three cent per share charge related to certain tax positions taken by the company for which it has established reserves. Income from continuing operations in the third quarter of 2006 was $52.6 million or 65 cents per share, and included an after-tax gain of seven cents per share related to the sale of land. Total net income in the 2006 third quarter was $51.8 million, or 64 cents per share. Management noted that it is in the process of performing impairment testing of goodwill and other long-lived assets as of Sept... Audio Instructions Here Related Stories Google Finance Paidcontent.org In their own words: SACRAMENTO, Calif., Oct. 16 /PRNewswire-FirstCall/ — The McClatchy Company MNI today reported preliminary earnings from continuing operations in the third quarter of 2007 of $23.5 million, or 29 cents per share. Preliminary earnings do not include an anticipated non-cash charge to GAAP earnings for impairment of goodwill and long-lived assets discussed below, but do include a three cent per share charge related to certain tax positions taken by the company for which it has established reserves. Income from continuing operations in the third quarter of 2006 was $52.6 million or 65 cents per share, and included an after-tax gain of seven cents per share related to the sale of land. Total net income in the 2006 third quarter was $51.8 million, or 64 cents per share. Management noted that it is in the process of performing impairment testing of goodwill and other long-lived assets as of September 30, 2007, due to the continuing challenging business conditions and the resulting weakness in the company’s stock price as of the end of its third quarter. Upon completion of that testing, the company expects to record a non-cash impairment charge to GAAP earnings in its third quarter financial statements when it files its Form 10-Q with the Securities and Exchange Commission (SEC) on or before November 9, 2007 and the company will issue a press release announcing the final third quarter results when it files its Form 10-Q with the SEC. Revenues from continuing operations in the third quarter of 2007 were $540.3 million, down 9.2% from revenues from continuing operations of $595.1 million in 2006. Advertising revenues were $457.0 million, down 9.8% from advertising in 2006, and circulation revenues were $68.0 million, down 3.7%. The company benefited from continued strong cost reduction efforts in the 2007 quarter. Cash expenses were down 8.6% as the result of reduction in staffing levels, lower newsprint expense and continued vigilance in all other expenses. Total losses recorded from unconsolidated investments were $7.7 million compared to losses from unconsolidated investments in the third quarter of 2006 of $0.8 million. The 2007 losses were due primarily to the operating results of the company’s newsprint investments and were partially offset by income from its internet investments. First Nine Months Results: Income from continuing operations for the first nine months of 2007 was $72.5 million or 88 cents per share, before the expected non-cash write down of intangible assets discussed above. The company’s total net income, including the results of discontinued operations, for the first nine months of 2007 was $67.7 million, or 83 cents per share. Discontinued operations reflect the results of the (Minneapolis) Star Tribune newspaper which was sold on March 5, 2007. Earnings from continuing operations in the first nine months of 2006 were $106.6 million, or $1.82 per share including the gain on the sale of land. Earnings from discontinued operations in the first nine months of 2006 were $17.1 million. Total net income for the first nine months of 2006 was $123.7 million, or $2.12 per share. Discontinued operations reflect the results of the (Minneapolis) Star Tribune newspaper which was sold on March 5, 2007 and the results of eight former Knight Ridder newspapers which were sold in the third quarter of 2006. Revenues from continuing operations in the first nine months of 2007 were $1.7 billion compared to $1.0 billion in 2006. The greater revenues primarily reflect the addition of the 20 former Knight Ridder newspapers acquired in the third quarter of 2006. Advertising revenues in 2007 totaled $1.4 billion and circulation revenues were $209.6 million. On a pro forma basis, including the 20 former Knight Ridder newspapers acquired in June 2006 and excluding the Star Tribune newspaper in the first nine months 2006, total revenues in 2007 would have been down 7.5%, with advertising revenues down 8.4%, and circulation revenues down 4.0%. Interest expense from continuing operations for the first nine months of 2007 includes $5.7 million related to $530 million in debt repaid from the proceeds of the sale of the Star Tribune on March 5, 2007. However, the operations of the Star Tribune were included in discontinued operations during the first two months of 2007. In addition, earnings from continuing operations in the 2007 period included the effect of an after-tax non-cash loss of $4.7 million, or six cents per share, related to a second quarter payment by the Seattle Times Company (in which the company is a 49.5% owner) relating to the settlement of litigation and amendment to a joint operating agreement with The Hearst Company. Total losses recorded from unconsolidated investments were $28.6 million compared to income from unconsolidated investments in the first nine months of 2006 of $81,000. Management’s Comments: Commenting on McClatchy’s results, Gary Pruitt, chairman and chief executive officer, said, “The economic downturn led by real estate continued to impact our advertising revenues in the third quarter. Once again our Florida and California newspapers were disproportionately hurt — these two regions accounted for 68% of the decline in advertising revenues in the third quarter while accounting for only 33% of total company revenues. “Our advertising results were in line with management expectations, and we were able to mitigate the impact of the advertising decline on our income with strong cost controls in the quarter. Total cash expenses were down 8.6% in the third quarter and were down 9.1% through the first nine months. Through September 2007, operating cash flow was down just 2.3% from the first nine months of 2006 on a proforma basis. “Our outlook for the fourth quarter has been tempered by the continuing adverse effect of the real estate downturn and its impact on the economies in our local markets, particularly in California and Florida. It’s clear the economies of these two markets and perhaps the country as a whole are experiencing a greater slowdown than many had anticipated just a few months ago — and McClatchy is feeling the effects more than most other newspaper companies given our significant operations in California and Florida. Accordingly, we expect the advertising revenue decline in the fourth quarter to be similar to that in the second and third quarters. We do not know when this downturn will end, and do not have visibility beyond the fourth quarter. Nonetheless, we believe that cyclical factors represent a significant portion of the current advertising downturn as evidenced by our operations in the California and Florida regions. Looking longer term, we like the prospects for these two regions. We will continue to focus on cost controls and will weather the downturn by remaining efficient and protecting cash flows as best we can. “The challenging business environment in the second half of 2007, coupled with the drag on our stock price, has resulted in our moving up our annual testing of goodwill and intangible assets for impairment. We are now testing for impairment at the end of the third quarter rather than waiting until the normal time for our testing at year-end. While we are early in our analysis, we expect the real estate downturn and its attendant effects on the local economies in which we operate, together with the additional amount of goodwill recorded under the accounting rules in the Knight Ridder acquisition, will result in an impairment charge. “We recognize that newspaper revenues have declined and that values have dropped. But McClatchy is a solidly profitable company that is rapidly paying down debt and re-engineering its operations to navigate through a changing environment for all media companies. The impairment at issue involves only non-cash accounting charges, and the simplest way to put that in perspective is to remember that nothing about it changes our operations or our ability to reduce debt.” McClatchy announced the acquisition of Knight-Ridder, Inc. on March 10, 2006 and closed the transaction on June 27, 2006 (the “Acquisition”). Management has disclosed in the company’s financial statements since the third quarter of 2006 (when the Acquisition was completed), that it was required to record the value of the 35.0 million shares of McClatchy common stock issued in the Acquisition at $1.821 billion, or $52.06 per share, which was included in the total Acquisition purchase price. The fair value of these shares was actually $1.398 billion as of the Acquisition closing date ($39.03 per share at June 27, 2006), however under the accounting rules the decline of approximately $423.0 million in valuation had no effect on the total Acquisition purchase price recorded. That additional $423.0 million was included in goodwill. Pat Talamantes, McClatchy’s chief financial officer, said, “Our operations continue to produce significant cash which we are using to pay down debt. In addition we completed the sale of land in San Jose, California and several smaller assets during the quarter and used the proceeds to reduce debt. Debt at the end of the third quarter was $2.58 billion, down approximately $98 million in the quarter and down $697.4 million since the end of 2006. We expect debt to be approximately $2.5 billion at the end of 2007, and we expect our debt balance at the end of 2008 to be approximately $2.0 billion.” The company’s pro forma statistical report, which summarizes revenue performance for September, the third fiscal quarter and first nine months of 2007, follows. This report includes advertising revenues for the 20 Knight Ridder newspapers the company acquired, but did not own in the first nine months of its fiscal 2006, and excludes the revenues of the Star Tribune newspaper. The pro forma information is meant to provide investors a sense of what the advertising results of the continuing operations would have been in the nine-month interim period of 2006. Reconciliations of non-GAAP terms used in this release are included in attached summary schedules and are posted on our website at http://www.mcclatchy.com. Audio Instructions Here Related Stories Google Finance Paidcontent.org In their own words: SACRAMENTO, Calif., Oct. 16 /PRNewswire-FirstCall/ — The McClatchy Company MNI today reported preliminary earnings from continuing operations in the third quarter of 2007 of $23.5 million, or 29 cents per share. Preliminary earnings do not include an anticipated non-cash charge to GAAP earnings for impairment of goodwill and long-lived assets discussed below, but do include a three cent per share charge related to certain tax positions taken by the company for which it has established reserves. Income from continuing operations in the third quarter of 2006 was $52.6 million or 65 cents per share, and included an after-tax gain of seven cents per share related to the sale of land. Total net income in the 2006 third quarter was $51.8 million, or 64 cents per share. Management noted that it is in the process of performing impairment testing of goodwill and other long-lived assets as of September 30, 2007, due to the continuing challenging business conditions and the resulting weakness in the company’s stock price as of the end of its third quarter. Upon completion of that testing, the company expects to record a non-cash impairment charge to GAAP earnings in its third quarter financial statements when it files its Form 10-Q with the Securities and Exchange Commission (SEC) on or before November 9, 2007 and the company will issue a press release announcing the final third quarter results when it files its Form 10-Q with the SEC. Revenues from continuing operations in the third quarter of 2007 were $540.3 million, down 9.2% from revenues from continuing operations of $595.1 million in 2006. Advertising revenues were $457.0 million, down 9.8% from advertising in 2006, and circulation revenues were $68.0 million, down 3.7%. The company benefited from continued strong cost reduction efforts in the 2007 quarter. Cash expenses were down 8.6% as the result of reduction in staffing levels, lower newsprint expense and continued vigilance in all other expenses. Total losses recorded from unconsolidated investments were $7.7 million compared to losses from unconsolidated investments in the third quarter of 2006 of $0.8 million. The 2007 losses were due primarily to the operating results of the company’s newsprint investments and were partially offset by income from its internet investments. First Nine Months Results: Income from continuing operations for the first nine months of 2007 was $72.5 million or 88 cents per share, before the expected non-cash write down of intangible assets discussed above. The company’s total net income, including the results of discontinued operations, for the first nine months of 2007 was $67.7 million, or 83 cents per share. Discontinued operations reflect the results of the (Minneapolis) Star Tribune newspaper which was sold on March 5, 2007. Earnings from continuing operations in the first nine months of 2006 were $106.6 million, or $1.82 per share including the gain on the sale of land. Earnings from discontinued operations in the first nine months of 2006 were $17.1 million. Total net income for the first nine months of 2006 was $123.7 million, or $2.12 per share. Discontinued operations reflect the results of the (Minneapolis) Star Tribune newspaper which was sold on March 5, 2007 and the results of eight former Knight Ridder newspapers which were sold in the third quarter of 2006. Revenues from continuing operations in the first nine months of 2007 were $1.7 billion compared to $1.0 billion in 2006. The greater revenues primarily reflect the addition of the 20 former Knight Ridder newspapers acquired in the third quarter of 2006. Advertising revenues in 2007 totaled $1.4 billion and circulation revenues were $209.6 million. On a pro forma basis, including the 20 former Knight Ridder newspapers acquired in June 2006 and excluding the Star Tribune newspaper in the first nine months 2006, total revenues in 2007 would have been down 7.5%, with advertising revenues down 8.4%, and circulation revenues down 4.0%. Interest expense from continuing operations for the first nine months of 2007 includes $5.7 million related to $530 million in debt repaid from the proceeds of the sale of the Star Tribune on March 5, 2007. However, the operations of the Star Tribune were included in discontinued operations during the first two months of 2007. In addition, earnings from continuing operations in the 2007 period included the effect of an after-tax non-cash loss of $4.7 million, or six cents per share, related to a second quarter payment by the Seattle Times Company (in which the company is a 49.5% owner) relating to the settlement of litigation and amendment to a joint operating agreement with The Hearst Company. Total losses recorded from unconsolidated investments were $28.6 million compared to income from unconsolidated investments in the first nine months of 2006 of $81,000. Management’s Comments: Commenting on McClatchy’s results, Gary Pruitt, chairman and chief executive officer, said, “The economic downturn led by real estate continued to impact our advertising revenues in the third quarter. Once again our Florida and California newspapers were disproportionately hurt — these two regions accounted for 68% of the decline in advertising revenues in the third quarter while accounting for only 33% of total company revenues. “Our advertising results were in line with management expectations, and we were able to mitigate the impact of the advertising decline on our income with strong cost controls in the quarter. Total cash expenses were down 8.6% in the third quarter and were down 9.1% through the first nine months. Through September 2007, operating cash flow was down just 2.3% from the first nine months of 2006 on a proforma basis. “Our outlook for the fourth quarter has been tempered by the continuing adverse effect of the real estate downturn and its impact on the economies in our local markets, particularly in California and Florida. It’s clear the economies of these two markets and perhaps the country as a whole are experiencing a greater slowdown than many had anticipated just a few months ago — and McClatchy is feeling the effects more than most other newspaper companies given our significant operations in California and Florida. Accordingly, we expect the advertising revenue decline in the fourth quarter to be similar to that in the second and third quarters. We do not know when this downturn will end, and do not have visibility beyond the fourth quarter. Nonetheless, we believe that cyclical factors represent a significant portion of the current advertising downturn as evidenced by our operations in the California and Florida regions. Looking longer term, we like the prospects for these two regions. We will continue to focus on cost controls and will weather the downturn by remaining efficient and protecting cash flows as best we can. “The challenging business environment in the second half of 2007, coupled with the drag on our stock price, has resulted in our moving up our annual testing of goodwill and intangible assets for impairment. We are now testing for impairment at the end of the third quarter rather than waiting until the normal time for our testing at year-end. While we are early in our analysis, we expect the real estate downturn and its attendant effects on the local economies in which we operate, together with the additional amount of goodwill recorded under the accounting rules in the Knight Ridder acquisition, will result in an impairment charge. “We recognize that newspaper revenues have declined and that values have dropped. But McClatchy is a solidly profitable company that is rapidly paying down debt and re-engineering its operations to navigate through a changing environment for all media companies. The impairment at issue involves only non-cash accounting charges, and the simplest way to put that in perspective is to remember that nothing about it changes our operations or our ability to reduce debt.” McClatchy announced the acquisition of Knight-Ridder, Inc. on March 10, 2006 and closed the transaction on June 27, 2006 (the “Acquisition”). Management has disclosed in the company’s financial statements since the third quarter of 2006 (when the Acquisition was completed), that it was required to record the value of the 35.0 million shares of McClatchy common stock issued in the Acquisition at $1.821 billion, or $52.06 per share, which was included in the total Acquisition purchase price. The fair value of these shares was actually $1.398 billion as of the Acquisition closing date ($39.03 per share at June 27, 2006), however under the accounting rules the decline of approximately $423.0 million in valuation had no effect on the total Acquisition purchase price recorded. That additional $423.0 million was included in goodwill. Pat Talamantes, McClatchy’s chief financial officer, said, “Our operations continue to produce significant cash which we are using to pay down debt. In addition we completed the sale of land in San Jose, California and several smaller assets during the quarter and used the proceeds to reduce debt. Debt at the end of the third quarter was $2.58 billion, down approximately $98 million in the quarter and down $697.4 million since the end of 2006. We expect debt to be approximately $2.5 billion at the end of 2007, and we expect our debt balance at the end of 2008 to be approximately $2.0 billion.” The company’s pro forma statistical report, which summarizes revenue performance for September, the third fiscal quarter and first nine months of 2007, follows. This report includes advertising revenues for the 20 Knight Ridder newspapers the company acquired, but did not own in the first nine months of its fiscal 2006, and excludes the revenues of the Star Tribune newspaper. The pro forma information is meant to provide investors a sense of what the advertising results of the continuing operations would have been in the nine-month interim period of 2006. Reconciliations of non-GAAP terms used in this release are included in attached summary schedules and are posted on our website at http://www.mcclatchy.com. tag:odeo.com,2007-10-16,22008637 Tue, 16 Oct 2007 16:44:48 -0700 no earningsquarter SEC, MNI, Listing, 2007 Q3 http://odeo.com/episodes/22008668-Yahoo-Q3-2007-Earnings-Call Yahoo announced its third quarter earnings this afternoon. They came in above Wall Street’s estimates ($0.11 per share versus the expected $0.08). However the company’s net income ($151.3 million on revenues of $1.8 billion) was still down (about 5% actually) from last year. The stock was up 9% in after market trading. Techmeme Discussion here MP3 for download or iPod upload is embedded below: Audio Instructions Here Related Stories Google Finance In their own words: SUNNYVALE, Calif. – October 16, 2007 - Yahoo! Inc. (Nasdaq: YHOO) today reported results for the third quarter ended September 30, 2007. “Over the past three months, we conducted a thorough review of our business and the marketplace. We’ve made key strategic decisions to invest in and grow our large communities of users, advertisers, and publishers. We’ve also made progress in sharpening our focus and improving our execution,â€? said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc.... Yahoo announced its third quarter earnings this afternoon. They came in above Wall Street’s estimates ($0.11 per share versus the expected $0.08). However the company’s net income ($151.3 million on revenues of $1.8 billion) was still down (about 5% actually) from last year. The stock was up 9% in after market trading. Techmeme Discussion here MP3 for download or iPod upload is embedded below: Audio Instructions Here Related Stories Google Finance In their own words: SUNNYVALE, Calif. – October 16, 2007 - Yahoo! Inc. (Nasdaq: YHOO) today reported results for the third quarter ended September 30, 2007. “Over the past three months, we conducted a thorough review of our business and the marketplace. We’ve made key strategic decisions to invest in and grow our large communities of users, advertisers, and publishers. We’ve also made progress in sharpening our focus and improving our execution,â€? said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. “Moving forward, we are focused on three big, multi-year objectives: to become the starting point for the most consumers on the Internet; to be the ‘must buy’ for the most advertisers; and to deliver open, industry-leading platforms that attract the most developers. We are executing against our transformation and are excited about playing a leadership role in the large and growing Internet market.â€? Third Quarter 2007 Financial Results • Revenues were $1,768 million for the third quarter of 2007, a 12 percent increase compared to $1,580 million for the same period of 2006. • Marketing services revenues were $1,544 million for the third quarter of 2007, a 13 percent increase compared to $1,370 million for the same period of 2006. • Marketing services revenues from Owned and Operated sites were $922 million for the third quarter of 2007, a 24 percent increase compared to $742 million for the same period of 2006. • Marketing services revenues from Affiliate sites were $622 million for the third quarter of 2007, a 1 percent decrease compared to $628 million for the same period of 2006. • Fees revenues were $224 million for the third quarter of 2007, a 7 percent increase compared to $210 million for the same period of 2006. • Revenues excluding traffic acquisition costs (“TACâ€?) were $1,283 million for the third quarter of 2007, a 14 percent increase compared to $1,121 million for the same period of 2006. • Gross profit for the third quarter of 2007 was $1,027 million, a 14 percent increase compared to $899 million for the same period of 2006. • Operating income for the third quarter of 2007 was $150 million, a 26 percent decrease compared to $202 million for the same period of 2006. • Operating income before depreciation, amortization and stock-based compensation expense for the third quarter of 2007 was $466 million, a 2 percent decrease compared to $474 million for the same period of 2006. • Cash flow from operating activities for the third quarter of 2007 was $457 million, a 17 percent increase compared to $390 million for the same period of 2006. • Free cash flow for the third quarter of 2007 was $310 million, an 8 percent increase compared to $288 million for the same period of 2006. • Net income for the third quarter of 2007 was $151 million or $0.11 per diluted share compared to $159 million or $0.11 per diluted share for the same period of 2006. • Non-GAAP net income for the third quarter of 2007 was $238 million or $0.17 per diluted share compared to non-GAAP net income of $240 million or $0.17 per diluted share for the same period of 2006. • The provision for income taxes for the third quarter of 2007 was $79 million and yielded an effective tax rate of 41 percent. The provision for income taxes for the third quarter of 2006 was $124 million and yielded an effective tax rate of 49 percent. • Explanations of the Company’s non-GAAP financial measures and the related reconciliations to the GAAP financial measures the Company considers most comparable are included in the accompanying “Note to Unaudited Condensed Consolidated Statements of Income,â€? “Reconciliations to Unaudited Condensed Consolidated Statements of Income,â€? and “Reconciliation of GAAP Net Income and GAAP Net Income Per Share to Non-GAAP Net Income and Non-GAAP Net Income Per Share.â€? “Our strategy is to generate and leverage the most valuable insights, deploy open platforms, and offer partnerof-choice solutions that make Yahoo! more relevant and indispensable for our users, advertisers, publishers, and developers,” said Sue Decker, president, Yahoo! Inc. “During the quarter, we continued to make strides in sharpening our focus and organizing ourselves to execute against this strategy. We are prioritizing our resources around the key Yahoo! starting points that create the most value, and creating strong differentiation in those products. We are aggressively building out our open advertising and publishing network, delivering more integrated and targeted solutions, and pursuing opportunities to realize added value from both the search and display inventory created by our massive and growing user base.” Yahoo announced its third quarter earnings this afternoon. They came in above Wall Street’s estimates ($0.11 per share versus the expected $0.08). However the company’s net income ($151.3 million on revenues of $1.8 billion) was still down (about 5% actually) from last year. The stock was up 9% in after market trading. Techmeme Discussion here MP3 for download or iPod upload is embedded below: Audio Instructions Here Related Stories Google Finance In their own words: SUNNYVALE, Calif. – October 16, 2007 - Yahoo! Inc. (Nasdaq: YHOO) today reported results for the third quarter ended September 30, 2007. “Over the past three months, we conducted a thorough review of our business and the marketplace. We’ve made key strategic decisions to invest in and grow our large communities of users, advertisers, and publishers. We’ve also made progress in sharpening our focus and improving our execution,â€? said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. “Moving forward, we are focused on three big, multi-year objectives: to become the starting point for the most consumers on the Internet; to be the ‘must buy’ for the most advertisers; and to deliver open, industry-leading platforms that attract the most developers. We are executing against our transformation and are excited about playing a leadership role in the large and growing Internet market.â€? Third Quarter 2007 Financial Results • Revenues were $1,768 million for the third quarter of 2007, a 12 percent increase compared to $1,580 million for the same period of 2006. • Marketing services revenues were $1,544 million for the third quarter of 2007, a 13 percent increase compared to $1,370 million for the same period of 2006. • Marketing services revenues from Owned and Operated sites were $922 million for the third quarter of 2007, a 24 percent increase compared to $742 million for the same period of 2006. • Marketing services revenues from Affiliate sites were $622 million for the third quarter of 2007, a 1 percent decrease compared to $628 million for the same period of 2006. • Fees revenues were $224 million for the third quarter of 2007, a 7 percent increase compared to $210 million for the same period of 2006. • Revenues excluding traffic acquisition costs (“TACâ€?) were $1,283 million for the third quarter of 2007, a 14 percent increase compared to $1,121 million for the same period of 2006. • Gross profit for the third quarter of 2007 was $1,027 million, a 14 percent increase compared to $899 million for the same period of 2006. • Operating income for the third quarter of 2007 was $150 million, a 26 percent decrease compared to $202 million for the same period of 2006. • Operating income before depreciation, amortization and stock-based compensation expense for the third quarter of 2007 was $466 million, a 2 percent decrease compared to $474 million for the same period of 2006. • Cash flow from operating activities for the third quarter of 2007 was $457 million, a 17 percent increase compared to $390 million for the same period of 2006. • Free cash flow for the third quarter of 2007 was $310 million, an 8 percent increase compared to $288 million for the same period of 2006. • Net income for the third quarter of 2007 was $151 million or $0.11 per diluted share compared to $159 million or $0.11 per diluted share for the same period of 2006. • Non-GAAP net income for the third quarter of 2007 was $238 million or $0.17 per diluted share compared to non-GAAP net income of $240 million or $0.17 per diluted share for the same period of 2006. • The provision for income taxes for the third quarter of 2007 was $79 million and yielded an effective tax rate of 41 percent. The provision for income taxes for the third quarter of 2006 was $124 million and yielded an effective tax rate of 49 percent. • Explanations of the Company’s non-GAAP financial measures and the related reconciliations to the GAAP financial measures the Company considers most comparable are included in the accompanying “Note to Unaudited Condensed Consolidated Statements of Income,â€? “Reconciliations to Unaudited Condensed Consolidated Statements of Income,â€? and “Reconciliation of GAAP Net Income and GAAP Net Income Per Share to Non-GAAP Net Income and Non-GAAP Net Income Per Share.â€? “Our strategy is to generate and leverage the most valuable insights, deploy open platforms, and offer partnerof-choice solutions that make Yahoo! more relevant and indispensable for our users, advertisers, publishers, and developers,” said Sue Decker, president, Yahoo! Inc. “During the quarter, we continued to make strides in sharpening our focus and organizing ourselves to execute against this strategy. We are prioritizing our resources around the key Yahoo! starting points that create the most value, and creating strong differentiation in those products. We are aggressively building out our open advertising and publishing network, delivering more integrated and targeted solutions, and pursuing opportunities to realize added value from both the search and display inventory created by our massive and growing user base.” tag:odeo.com,2007-10-16,22008668 Tue, 16 Oct 2007 16:30:28 -0700 no earningsquarter Listing, 2007 Q3, YHOO http://odeo.com/episodes/22008693-Research-In-Motion-Q3-earnings-call-RIMM Audio Instructions Here Transcript here (from Seeking Alpha) Related Stories Google Finance ZDNet Jim Cramer In their own words: Research In Motion Reports Second Quarter Results Waterloo, ON - Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader in the mobile communications market, today reported second quarter results for the three months ended September 1, 2007 (all figures in U.S. dollars and U.S. GAAP). Revenue for the second quarter of fiscal 2008 was $1.37 billion, up 27% from $1.08 billion in the previous quarter and up 108% from $658.5 million in the same quarter of last year. The revenue breakdown for the quarter was approximately 78% for devices, 15% for service, 4% for software and 3% for other revenue. Approximately 1.45 million BlackBerry® subscriber accounts were added in the quarter and over 3 million devices were shipped. The total BlackBerry subscriber account base at the end of the second quarter was approximately 10.5 million. “RIM’s... Audio Instructions Here Transcript here (from Seeking Alpha) Related Stories Google Finance ZDNet Jim Cramer In their own words: Research In Motion Reports Second Quarter Results Waterloo, ON - Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader in the mobile communications market, today reported second quarter results for the three months ended September 1, 2007 (all figures in U.S. dollars and U.S. GAAP). Revenue for the second quarter of fiscal 2008 was $1.37 billion, up 27% from $1.08 billion in the previous quarter and up 108% from $658.5 million in the same quarter of last year. The revenue breakdown for the quarter was approximately 78% for devices, 15% for service, 4% for software and 3% for other revenue. Approximately 1.45 million BlackBerry® subscriber accounts were added in the quarter and over 3 million devices were shipped. The total BlackBerry subscriber account base at the end of the second quarter was approximately 10.5 million. “RIM’s second quarter results were exceptionally strong on all metrics including revenue, subscriber account additions and net income,” said Jim Balsillie, Co-CEO at RIM. “This growth is fueled by the depth of the BlackBerry product portfolio and the continued diversification of our business across market segments and geographies. With over ten million BlackBerry subscriber accounts and over twenty million handsets shipped, we are pleased with our position in the market today and we expect recent product and market initiatives to extend our business momentum through the remainder of the fiscal year.” Income for the quarter was $287.7 million, or $0.50 per share diluted, compared with net income of $223.2 million, or $0.39 per share diluted, in the prior quarter and net income of $140.2 million, or $0.25 per share diluted, in the same quarter last year. Please note that the earnings per share reflect the effective 3-for-1 stock split that was implemented in the quarter. Revenue for the third quarter of fiscal 2008 ending December 1, 2007 is expected to be in the range of $1.60-1.67 billion. Subscriber account additions in the third quarter are expected to be approximately 1.65 million. Earnings per share for the third quarter are expected to be in the range of $0.59-0.63 per share diluted. The total of cash, cash equivalents, short-term and long-term investments was $1.73 billion as at September 1, 2007, compared to $1.56 billion at the end of the previous quarter, an increase of $166 million over the prior quarter. Uses of cash in the quarter included capital expenditures of approximately $79 million. Highlights of the Second Quarter Include: • Sprint and Alltel launched the BlackBerry 8830 World Edition in the U.S. • Bell Mobility and TELUS launched the BlackBerry 8830 World Edition in Canada. • Telefónica launched the BlackBerry Curve in Argentina, Brazil, Ecuador and Chile as well as the BlackBerry Pearl in Mexico. • Telcel launched the BlackBerry Curve and the red BlackBerry Pearl in Mexico. • TIM launched the BlackBerry 8800 in Brazil. • Entel PCS launched the BlackBerry 8800 and the BlackBerry Curve in Chile. • The Carphone Warehouse launched the BlackBerry Pearl, the BlackBerry Curve and the BlackBerry 8800 in the UK. • Vodafone launched the BlackBerry Curve 8310 in the UK, Germany, Portugal, Croatia, Slovenia and The Netherlands. • O2 launched the BlackBerry Curve in the UK and Ireland. • Orange launched the BlackBerry 8820 in the UK, Switzerland, Belgium, Poland, Romania, Slovakia and Spain. • SFR launched the BlackBerry 8820 and the BlackBerry Curve 8310 in France. • mobilkom launched the BlackBerry Curve 8310 in Austria. • Swisscom launched the BlackBerry Curve 8310 in Switzerland. • TIM Italy launched the BlackBerry Curve and the red BlackBerry Pearl in Italy. • TMN launched the BlackBerry Curve in Portugal. • Vodafone launched the BlackBerry Pearl and the BlackBerry 8800 in Turkey. • Avea launched the BlackBerry Curve and the BlackBerry 8820 in Turkey. • Turkcell launched the BlackBerry Curve in Turkey. • Vodafone launched the BlackBerry Pearl in Egypt. • DoCoMo launched Japanese text input support for the BlackBerry 8707h and BlackBerry Enterprise Server. • 3Hong Kong launched the BlackBerry Curve, the BlackBerry 8820 and the red BlackBerry Pearl in Hong Kong. • SmarTone-Vodafone launched the BlackBerry Curve 8310, the BlackBerry 8820 and the red BlackBerry Pearl in Hong Kong. • Peoples, PCCW and CSL launched the BlackBerry Curve in Hong Kong. • Bharti launched the BlackBerry Curve and the BlackBerry 8820 in India. • Vodafone Essar launched the BlackBerry Curve 8310 and the BlackBerry 8820 in India. • Optus launched the BlackBerry Curve in Australia. • Vodafone launched the BlackBerry Curve 8310 in Australia. • M1 launched the BlackBerry Curve in Singapore. • SingTel and StarHub launched the BlackBerry Curve and the BlackBerry 8820 in Singapore. • BlackBerry ISV Alliance members continued to build upon the BlackBerry platform with a range of new products and services that help customers extend their wireless data strategies beyond wireless email. • BlackBerry smartphones are now available around the world from over 300 carriers. Highlights Subsequent to Quarter End Include: • The BlackBerry Enterprise Solution achieved Common Criteria Certification. • RIM introduced the BlackBerry Pearl 8130. • RIM and Telefónica introduced the BlackBerry Pearl 8120 and BlackBerry Unite! software. • AT&T launched the BlackBerry 8820 in the U.S. • T-Mobile launched three new BlackBerry Pearl colors and the BlackBerry Curve 8320 in the U.S. • Rogers launched the BlackBerry Curve 8310 in Canada. • TIM Brazil announced the BlackBerry 8310 in Brazil. • Proximus launched the BlackBerry Curve 8310 and the BlackBerry Pearl in Belgium. • BASE launched the BlackBerry Curve in Belgium. • Vodafone launched the BlackBerry Curve 8310 in Italy and Spain. • O2 launched the BlackBerry Curve in Germany. • MTS and Alcatel-Lucent launched the BlackBerry solution in the Ukraine. • Vodacom launched the BlackBerry Curve 8310 in South Africa. • Reliance Communications launched the BlackBerry 8830 World Edition, the BlackBerry 8703e, the BlackBerry Curve and the BlackBerry Pearl in India. • BPL launched the BlackBerry Curve in Mumbai, India. • Vodafone launched the BlackBerry Curve 8310 in New Zealand. Audio Instructions Here Transcript here (from Seeking Alpha) Related Stories Google Finance ZDNet Jim Cramer In their own words: Research In Motion Reports Second Quarter Results Waterloo, ON - Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader in the mobile communications market, today reported second quarter results for the three months ended September 1, 2007 (all figures in U.S. dollars and U.S. GAAP). Revenue for the second quarter of fiscal 2008 was $1.37 billion, up 27% from $1.08 billion in the previous quarter and up 108% from $658.5 million in the same quarter of last year. The revenue breakdown for the quarter was approximately 78% for devices, 15% for service, 4% for software and 3% for other revenue. Approximately 1.45 million BlackBerry® subscriber accounts were added in the quarter and over 3 million devices were shipped. The total BlackBerry subscriber account base at the end of the second quarter was approximately 10.5 million. “RIM’s second quarter results were exceptionally strong on all metrics including revenue, subscriber account additions and net income,” said Jim Balsillie, Co-CEO at RIM. “This growth is fueled by the depth of the BlackBerry product portfolio and the continued diversification of our business across market segments and geographies. With over ten million BlackBerry subscriber accounts and over twenty million handsets shipped, we are pleased with our position in the market today and we expect recent product and market initiatives to extend our business momentum through the remainder of the fiscal year.” Income for the quarter was $287.7 million, or $0.50 per share diluted, compared with net income of $223.2 million, or $0.39 per share diluted, in the prior quarter and net income of $140.2 million, or $0.25 per share diluted, in the same quarter last year. Please note that the earnings per share reflect the effective 3-for-1 stock split that was implemented in the quarter. Revenue for the third quarter of fiscal 2008 ending December 1, 2007 is expected to be in the range of $1.60-1.67 billion. Subscriber account additions in the third quarter are expected to be approximately 1.65 million. Earnings per share for the third quarter are expected to be in the range of $0.59-0.63 per share diluted. The total of cash, cash equivalents, short-term and long-term investments was $1.73 billion as at September 1, 2007, compared to $1.56 billion at the end of the previous quarter, an increase of $166 million over the prior quarter. Uses of cash in the quarter included capital expenditures of approximately $79 million. Highlights of the Second Quarter Include: • Sprint and Alltel launched the BlackBerry 8830 World Edition in the U.S. • Bell Mobility and TELUS launched the BlackBerry 8830 World Edition in Canada. • Telefónica launched the BlackBerry Curve in Argentina, Brazil, Ecuador and Chile as well as the BlackBerry Pearl in Mexico. • Telcel launched the BlackBerry Curve and the red BlackBerry Pearl in Mexico. • TIM launched the BlackBerry 8800 in Brazil. • Entel PCS launched the BlackBerry 8800 and the BlackBerry Curve in Chile. • The Carphone Warehouse launched the BlackBerry Pearl, the BlackBerry Curve and the BlackBerry 8800 in the UK. • Vodafone launched the BlackBerry Curve 8310 in the UK, Germany, Portugal, Croatia, Slovenia and The Netherlands. • O2 launched the BlackBerry Curve in the UK and Ireland. • Orange launched the BlackBerry 8820 in the UK, Switzerland, Belgium, Poland, Romania, Slovakia and Spain. • SFR launched the BlackBerry 8820 and the BlackBerry Curve 8310 in France. • mobilkom launched the BlackBerry Curve 8310 in Austria. • Swisscom launched the BlackBerry Curve 8310 in Switzerland. • TIM Italy launched the BlackBerry Curve and the red BlackBerry Pearl in Italy. • TMN launched the BlackBerry Curve in Portugal. • Vodafone launched the BlackBerry Pearl and the BlackBerry 8800 in Turkey. • Avea launched the BlackBerry Curve and the BlackBerry 8820 in Turkey. • Turkcell launched the BlackBerry Curve in Turkey. • Vodafone launched the BlackBerry Pearl in Egypt. • DoCoMo launched Japanese text input support for the BlackBerry 8707h and BlackBerry Enterprise Server. • 3Hong Kong launched the BlackBerry Curve, the BlackBerry 8820 and the red BlackBerry Pearl in Hong Kong. • SmarTone-Vodafone launched the BlackBerry Curve 8310, the BlackBerry 8820 and the red BlackBerry Pearl in Hong Kong. • Peoples, PCCW and CSL launched the BlackBerry Curve in Hong Kong. • Bharti launched the BlackBerry Curve and the BlackBerry 8820 in India. • Vodafone Essar launched the BlackBerry Curve 8310 and the BlackBerry 8820 in India. • Optus launched the BlackBerry Curve in Australia. • Vodafone launched the BlackBerry Curve 8310 in Australia. • M1 launched the BlackBerry Curve in Singapore. • SingTel and StarHub launched the BlackBerry Curve and the BlackBerry 8820 in Singapore. • BlackBerry ISV Alliance members continued to build upon the BlackBerry platform with a range of new products and services that help customers extend their wireless data strategies beyond wireless email. • BlackBerry smartphones are now available around the world from over 300 carriers. Highlights Subsequent to Quarter End Include: • The BlackBerry Enterprise Solution achieved Common Criteria Certification. • RIM introduced the BlackBerry Pearl 8130. • RIM and Telefónica introduced the BlackBerry Pearl 8120 and BlackBerry Unite! software. • AT&T launched the BlackBerry 8820 in the U.S. • T-Mobile launched three new BlackBerry Pearl colors and the BlackBerry Curve 8320 in the U.S. • Rogers launched the BlackBerry Curve 8310 in Canada. • TIM Brazil announced the BlackBerry 8310 in Brazil. • Proximus launched the BlackBerry Curve 8310 and the BlackBerry Pearl in Belgium. • BASE launched the BlackBerry Curve in Belgium. • Vodafone launched the BlackBerry Curve 8310 in Italy and Spain. • O2 launched the BlackBerry Curve in Germany. • MTS and Alcatel-Lucent launched the BlackBerry solution in the Ukraine. • Vodacom launched the BlackBerry Curve 8310 in South Africa. • Reliance Communications launched the BlackBerry 8830 World Edition, the BlackBerry 8703e, the BlackBerry Curve and the BlackBerry Pearl in India. • BPL launched the BlackBerry Curve in Mumbai, India. • Vodafone launched the BlackBerry Curve 8310 in New Zealand. tag:odeo.com,2007-10-04,22008693 Thu, 04 Oct 2007 21:14:41 -0700 no earningsquarter Listing, 2007 Q3, RIMM, RIM http://odeo.com/episodes/22008728-Vonage-Q2-2007-Earnings-call Vonage announced its Q2 2007 earnings today. Given Vonage’s woes - a serious decline in market cap since its recent IPO, partly driven by its legal fight with Verizon, this call represents a possible turning point in the companies fortunes. Well, there is nothing quite like hearing it from the horses mouth, so here is the earnings call - unedited. Audio Instructions News Techmeme Live Quote (delayed at least 20 minutes) [[vg]] In their own words: Vonage Holdings Corp. (NYSE: VG), a leading provider of broadband telephone service, today announced results for the quarter ended June 30, 2007. Revenue for the second quarter 2007 grew to a record $206 million, a 43% increase from $144 million in the second quarter 2006, driven by customer line growth and an increase in average revenue per line. Adjusted loss from operations(1) narrowed dramatically to $18 million in the quarter, a 70% improvement from $60 million in the year-ago quarter. Adjusted loss from operations excluding cert... Vonage announced its Q2 2007 earnings today. Given Vonage’s woes - a serious decline in market cap since its recent IPO, partly driven by its legal fight with Verizon, this call represents a possible turning point in the companies fortunes. Well, there is nothing quite like hearing it from the horses mouth, so here is the earnings call - unedited. Audio Instructions News Techmeme Live Quote (delayed at least 20 minutes) [[vg]] In their own words: Vonage Holdings Corp. (NYSE: VG), a leading provider of broadband telephone service, today announced results for the quarter ended June 30, 2007. Revenue for the second quarter 2007 grew to a record $206 million, a 43% increase from $144 million in the second quarter 2006, driven by customer line growth and an increase in average revenue per line. Adjusted loss from operations(1) narrowed dramatically to $18 million in the quarter, a 70% improvement from $60 million in the year-ago quarter. Adjusted loss from operations excluding certain charges(1) narrowed to $3 million in the second quarter 2007, a 95% improvement from $60 million in the second quarter 2006 and a 93% improvement from $48 million last quarter. For the second quarter of 2007, the Company’s net loss narrowed to $34 million, or $0.22 per share, from a net loss of $74 million reported in the second quarter 2006. Net loss excluding certain charges(2) improved to $18 million, or $0.12 per share, from $61 million in the first quarter 2007. Jeffrey Citron, Vonage Chairman, said, “We made significant strides this quarter in reducing costs and narrowing our losses. Despite the continued challenges associated with the Verizon litigation, the Company maintained its focus on achieving adjusted operating profitability(1). “At the same time, we have substantially completed the deployment of workarounds for the two name translation patents and have completed the development of the wireless patent workaround. This is a significant step toward moving ahead with our business in the wake of the Verizon litigation. We look forward to the Court’s ultimate decision and remain confident in the strength of our appeal.” Beginning in the second quarter 2007, the Company scaled back marketing expenditures to retool its marketing campaign. This led to an expected slowing in net subscriber line additions. Vonage added approximately 57,000 net subscriber lines during the quarter and finished with 2.45 million lines in service. The Company expects net subscriber additions in the third quarter to be higher than in the second quarter as new marketing initiatives take hold and the negative press associated with the Verizon litigation lessens. Vonage announced its Q2 2007 earnings today. Given Vonage’s woes - a serious decline in market cap since its recent IPO, partly driven by its legal fight with Verizon, this call represents a possible turning point in the companies fortunes. Well, there is nothing quite like hearing it from the horses mouth, so here is the earnings call - unedited. Audio Instructions News Techmeme Live Quote (delayed at least 20 minutes) [[vg]] In their own words: Vonage Holdings Corp. (NYSE: VG), a leading provider of broadband telephone service, today announced results for the quarter ended June 30, 2007. Revenue for the second quarter 2007 grew to a record $206 million, a 43% increase from $144 million in the second quarter 2006, driven by customer line growth and an increase in average revenue per line. Adjusted loss from operations(1) narrowed dramatically to $18 million in the quarter, a 70% improvement from $60 million in the year-ago quarter. Adjusted loss from operations excluding certain charges(1) narrowed to $3 million in the second quarter 2007, a 95% improvement from $60 million in the second quarter 2006 and a 93% improvement from $48 million last quarter. For the second quarter of 2007, the Company’s net loss narrowed to $34 million, or $0.22 per share, from a net loss of $74 million reported in the second quarter 2006. Net loss excluding certain charges(2) improved to $18 million, or $0.12 per share, from $61 million in the first quarter 2007. Jeffrey Citron, Vonage Chairman, said, “We made significant strides this quarter in reducing costs and narrowing our losses. Despite the continued challenges associated with the Verizon litigation, the Company maintained its focus on achieving adjusted operating profitability(1). “At the same time, we have substantially completed the deployment of workarounds for the two name translation patents and have completed the development of the wireless patent workaround. This is a significant step toward moving ahead with our business in the wake of the Verizon litigation. We look forward to the Court’s ultimate decision and remain confident in the strength of our appeal.” Beginning in the second quarter 2007, the Company scaled back marketing expenditures to retool its marketing campaign. This led to an expected slowing in net subscriber line additions. Vonage added approximately 57,000 net subscriber lines during the quarter and finished with 2.45 million lines in service. The Company expects net subscriber additions in the third quarter to be higher than in the second quarter as new marketing initiatives take hold and the negative press associated with the Verizon litigation lessens. tag:odeo.com,2007-08-09,22008728 Thu, 09 Aug 2007 10:04:37 -0700 no earningsquarter Listing, VG, 2007 Q2 http://odeo.com/episodes/22008758-Google-Q3-2007-Earnings-Call Audio Instructions Here Techmeme Discussion Transcript here (from Seeking Alpha) Latest News: Google to bid on 700 MHz Wireless Spectrum Live Quote (delayed at least 20 minutes) [[goog]] In their own words: MOUNTAIN VIEW, Calif. – July 19, 2007 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended June 30, 2007. “Our performance once again demonstrates the strength of our core search and ads business. The growth in our global traffic combined with our ongoing improvements in monetization resulted in solid revenue growth, even in a seasonally slow quarter,” said Eric Schmidt, CEO of Google. “We continue to expand our commitment to deliver compelling hosted applications to businesses of all sizes, most recently agreeing to acquire Postini and its robust set of tools for web communication for the Google Apps suite of products. At the same time, we remain focused on addressing the tremendous opportunities we see worldwide, adding the ta... Audio Instructions Here Techmeme Discussion Transcript here (from Seeking Alpha) Latest News: Google to bid on 700 MHz Wireless Spectrum Live Quote (delayed at least 20 minutes) [[goog]] In their own words: MOUNTAIN VIEW, Calif. – July 19, 2007 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended June 30, 2007. “Our performance once again demonstrates the strength of our core search and ads business. The growth in our global traffic combined with our ongoing improvements in monetization resulted in solid revenue growth, even in a seasonally slow quarter,” said Eric Schmidt, CEO of Google. “We continue to expand our commitment to deliver compelling hosted applications to businesses of all sizes, most recently agreeing to acquire Postini and its robust set of tools for web communication for the Google Apps suite of products. At the same time, we remain focused on addressing the tremendous opportunities we see worldwide, adding the talent and building the infrastructure that will allow us to continue to provide rich user experiences to Google users around the world.” Q2 Financial Summary Google reported revenues of $3.87 billion for the quarter ended June 30, 2007, an increase of 58% compared to the second quarter of 2006 and an increase of 6% compared to the first quarter of 2007. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC. In the second quarter of 2007, TAC totaled $1.15 billion, or 30% of advertising revenues. Google reports operating income, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis. The non-GAAP measures are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables. * GAAP operating income for the second quarter of 2007 was $1.10 billion, or 29% of revenues. This compares to GAAP operating income of $1.22 billion, or 33% of revenues, in the first quarter of 2007. Non-GAAP operating income in the second quarter of 2007 was $1.35 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.41 billion, or 38% of revenues, in the first quarter of 2007. * GAAP net income for the second quarter of 2007 was $925 million as compared to $1.0 billion in the first quarter of 2007. Non-GAAP net income in the second quarter of 2007 was $1.12 billion, compared to $1.16 billion in the first quarter of 2007. * GAAP EPS for the second quarter of 2007 was $2.93 on 315 million diluted shares outstanding, compared to $3.18 for the first quarter of 2007 on 315 million diluted shares outstanding. Non-GAAP EPS in the second quarter of 2007 was $3.56, compared to $3.68 in the first quarter of 2007. * Non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP EPS are computed net of stock-based compensation (SBC). In the second quarter of 2007, the charge related to SBC was $242 million as compared to $184 million in the first quarter of 2007. Tax benefits related to SBC have also been excluded from these non-GAAP measures. The tax benefit related to SBC was $43 million in the second quarter of 2007 and $27 million in the first quarter of 2007. Reconciliations of non-GAAP measures to GAAP operating income, operating margin, net income, and EPS are included at the end of this release. Q2 Financial Highlights Revenues – Google reported revenues of $3.87 billion for the quarter ended June 30, 2007, representing a 58% increase over second quarter 2006 revenues of $2.46 billion and a 6% increase over first quarter 2007 revenues of $3.66 billion. Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC. Google Sites Revenues - Google-owned sites generated revenues of $2.49 billion, or 64% of total revenues, in the second quarter of 2007. This represents a 74% increase over second quarter 2006 revenues of $1.43 billion and a 9% increase over first quarter 2007 revenues of $2.28 billion. Google Network Revenues - Google’s partner sites generated revenues, through AdSense programs, of $1.35 billion, or 35% of total revenues, in the second quarter of 2007. This represents a 36% increase over network revenues of $997 million generated in the second quarter of 2006 and approximately flat with first quarter 2007 revenues of $1.35 billion. International Revenues - Revenues from outside of the United States totaled $1.84 billion, representing 48% of total revenues in the second quarter of 2007, compared to 42% in the second quarter of 2006 and 47% in the first quarter of 2007. Had foreign exchange rates remained constant from the first quarter of 2007 through the second quarter of 2007, our revenues in the second quarter of 2007 would have been $35 million lower. Had foreign exchange rates remained constant from the second quarter of 2006 through the second quarter of 2007, our revenues in the second quarter of 2007 would have been $121 million lower. Revenues from the United Kingdom totaled $600 million, representing 15% of revenue in the second quarter of 2007, compared to 15% in the second quarter of 2006 and 16% in the first quarter of 2007. Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 47% over the second quarter of 2006 and remained approximately the same as the first quarter of 2007. TAC - Traffic Acquisition Costs, the portion of revenues shared with Google’s partners, increased to $1.15 billion in the second quarter of 2007. This compares to TAC of $1.13 billion in the first quarter of 2007. TAC as a percentage of advertising revenues was 30% in the second quarter, compared to 31% in the first quarter of 2007. The majority of TAC expense is related to amounts ultimately paid to our AdSense partners, which totaled $1.06 billion in the second quarter of 2007. TAC is also related to amounts ultimately paid to certain distribution partners and others who direct traffic to our website, which totaled $87 million in the second quarter of 2007. Other Cost of Revenues - Other cost of revenues, which is comprised primarily of data center operational expenses, credit card processing charges as well as content acquisition costs, increased to $412 million, or 11% of revenues, in the second quarter of 2007, compared to $345 million, or 9% of revenues, in the first quarter of 2007. Operating Expenses - Operating expenses, other than cost of revenues, were $1.21 billion in the second quarter of 2007, or 31% of revenues, compared to $972 million in the first quarter of 2007 or 27% of revenues. The operating expenses in the second quarter of 2007 included $625 million in payroll-related and facilities expenses, compared to $506 million in the first quarter of 2007. Stock-Based Compensation (SBC) – In the second quarter of 2007, the total charge related to SBC was $242 million as compared to $184 million in the first quarter of 2007. We launched our employee transferable stock option (TSO) program in the second quarter of 2007. As a result of the launch of the TSO program, we incurred an SBC modification charge in accordance with GAAP of $62 million in the second quarter related to vested options as of the end of the quarter and expect to incur a charge of approximately $160 million related to unvested options over their remaining vesting periods (up to approximately four years). We currently estimate stock-based compensation charges for grants to employees prior to July 1, 2007 to be approximately $770 million for 2007. This does not include expenses to be recognized related to employee stock awards that are granted after July 1, 2007 or non-employee stock awards that have been or may be granted. We currently anticipate that dilution related to all equity grants to employees will be at or below 2% this year. Operating Income - GAAP operating income in the second quarter of 2007 was $1.10 billion, or 29% of revenues. This compares to GAAP operating income of $1.22 billion, or 33% of revenues, in the first quarter of 2007. Non-GAAP operating income in the second quarter of 2007 was $1.35 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.41 billion, or 38% of revenues, in the first quarter of 2007. Net Income – GAAP net income for the second quarter of 2007 was $925 million as compared to $1.0 billion in the first quarter of 2007. Non-GAAP net income was $1.12 billion in the second quarter of 2007, compared to $1.16 billion in the first quarter of 2007. GAAP EPS for the second quarter of 2007 was $2.93 on 315 million diluted shares outstanding, compared to $3.18 for the first quarter of 2007, on 315 million diluted shares outstanding. Non-GAAP EPS for the second quarter of 2007 was $3.56, compared to $3.68 in the first quarter of 2007. Income Taxes – Our effective tax rate was 25.5% for the second quarter of 2007. Cash Flow and Capital Expenditures – Net cash provided by operating activities for the second quarter of 2007 totaled $1.23 billion as compared to $1.22 billion for the first quarter of 2007. In the second quarter of 2007, capital expenditures were $575 million, the majority of which was related to IT infrastructure investments, including data centers, servers, and networking equipment. Free cash flow, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities less capital expenditures. In the second quarter of 2007, free cash flow was $655 million. In 2007, we expect to continue to make significant capital expenditures. A reconciliation of free cash flow to net cash provided by operating activities, the GAAP measure of liquidity, is included at the end of this release. Cash – As of June 30, 2007, cash, cash equivalents, and marketable securities were $12.5 billion. On a worldwide basis, Google employed 13,786 full-time employees as of June 30, 2007, up from 12,238 full time employees as of March 31, 2007. Audio Instructions Here Techmeme Discussion Transcript here (from Seeking Alpha) Latest News: Google to bid on 700 MHz Wireless Spectrum Live Quote (delayed at least 20 minutes) [[goog]] In their own words: MOUNTAIN VIEW, Calif. – July 19, 2007 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended June 30, 2007. “Our performance once again demonstrates the strength of our core search and ads business. The growth in our global traffic combined with our ongoing improvements in monetization resulted in solid revenue growth, even in a seasonally slow quarter,” said Eric Schmidt, CEO of Google. “We continue to expand our commitment to deliver compelling hosted applications to businesses of all sizes, most recently agreeing to acquire Postini and its robust set of tools for web communication for the Google Apps suite of products. At the same time, we remain focused on addressing the tremendous opportunities we see worldwide, adding the talent and building the infrastructure that will allow us to continue to provide rich user experiences to Google users around the world.” Q2 Financial Summary Google reported revenues of $3.87 billion for the quarter ended June 30, 2007, an increase of 58% compared to the second quarter of 2006 and an increase of 6% compared to the first quarter of 2007. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC. In the second quarter of 2007, TAC totaled $1.15 billion, or 30% of advertising revenues. Google reports operating income, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis. The non-GAAP measures are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables. * GAAP operating income for the second quarter of 2007 was $1.10 billion, or 29% of revenues. This compares to GAAP operating income of $1.22 billion, or 33% of revenues, in the first quarter of 2007. Non-GAAP operating income in the second quarter of 2007 was $1.35 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.41 billion, or 38% of revenues, in the first quarter of 2007. * GAAP net income for the second quarter of 2007 was $925 million as compared to $1.0 billion in the first quarter of 2007. Non-GAAP net income in the second quarter of 2007 was $1.12 billion, compared to $1.16 billion in the first quarter of 2007. * GAAP EPS for the second quarter of 2007 was $2.93 on 315 million diluted shares outstanding, compared to $3.18 for the first quarter of 2007 on 315 million diluted shares outstanding. Non-GAAP EPS in the second quarter of 2007 was $3.56, compared to $3.68 in the first quarter of 2007. * Non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP EPS are computed net of stock-based compensation (SBC). In the second quarter of 2007, the charge related to SBC was $242 million as compared to $184 million in the first quarter of 2007. Tax benefits related to SBC have also been excluded from these non-GAAP measures. The tax benefit related to SBC was $43 million in the second quarter of 2007 and $27 million in the first quarter of 2007. Reconciliations of non-GAAP measures to GAAP operating income, operating margin, net income, and EPS are included at the end of this release. Q2 Financial Highlights Revenues – Google reported revenues of $3.87 billion for the quarter ended June 30, 2007, representing a 58% increase over second quarter 2006 revenues of $2.46 billion and a 6% increase over first quarter 2007 revenues of $3.66 billion. Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC. Google Sites Revenues - Google-owned sites generated revenues of $2.49 billion, or 64% of total revenues, in the second quarter of 2007. This represents a 74% increase over second quarter 2006 revenues of $1.43 billion and a 9% increase over first quarter 2007 revenues of $2.28 billion. Google Network Revenues - Google’s partner sites generated revenues, through AdSense programs, of $1.35 billion, or 35% of total revenues, in the second quarter of 2007. This represents a 36% increase over network revenues of $997 million generated in the second quarter of 2006 and approximately flat with first quarter 2007 revenues of $1.35 billion. International Revenues - Revenues from outside of the United States totaled $1.84 billion, representing 48% of total revenues in the second quarter of 2007, compared to 42% in the second quarter of 2006 and 47% in the first quarter of 2007. Had foreign exchange rates remained constant from the first quarter of 2007 through the second quarter of 2007, our revenues in the second quarter of 2007 would have been $35 million lower. Had foreign exchange rates remained constant from the second quarter of 2006 through the second quarter of 2007, our revenues in the second quarter of 2007 would have been $121 million lower. Revenues from the United Kingdom totaled $600 million, representing 15% of revenue in the second quarter of 2007, compared to 15% in the second quarter of 2006 and 16% in the first quarter of 2007. Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 47% over the second quarter of 2006 and remained approximately the same as the first quarter of 2007. TAC - Traffic Acquisition Costs, the portion of revenues shared with Google’s partners, increased to $1.15 billion in the second quarter of 2007. This compares to TAC of $1.13 billion in the first quarter of 2007. TAC as a percentage of advertising revenues was 30% in the second quarter, compared to 31% in the first quarter of 2007. The majority of TAC expense is related to amounts ultimately paid to our AdSense partners, which totaled $1.06 billion in the second quarter of 2007. TAC is also related to amounts ultimately paid to certain distribution partners and others who direct traffic to our website, which totaled $87 million in the second quarter of 2007. Other Cost of Revenues - Other cost of revenues, which is comprised primarily of data center operational expenses, credit card processing charges as well as content acquisition costs, increased to $412 million, or 11% of revenues, in the second quarter of 2007, compared to $345 million, or 9% of revenues, in the first quarter of 2007. Operating Expenses - Operating expenses, other than cost of revenues, were $1.21 billion in the second quarter of 2007, or 31% of revenues, compared to $972 million in the first quarter of 2007 or 27% of revenues. The operating expenses in the second quarter of 2007 included $625 million in payroll-related and facilities expenses, compared to $506 million in the first quarter of 2007. Stock-Based Compensation (SBC) – In the second quarter of 2007, the total charge related to SBC was $242 million as compared to $184 million in the first quarter of 2007. We launched our employee transferable stock option (TSO) program in the second quarter of 2007. As a result of the launch of the TSO program, we incurred an SBC modification charge in accordance with GAAP of $62 million in the second quarter related to vested options as of the end of the quarter and expect to incur a charge of approximately $160 million related to unvested options over their remaining vesting periods (up to approximately four years). We currently estimate stock-based compensation charges for grants to employees prior to July 1, 2007 to be approximately $770 million for 2007. This does not include expenses to be recognized related to employee stock awards that are granted after July 1, 2007 or non-employee stock awards that have been or may be granted. We currently anticipate that dilution related to all equity grants to employees will be at or below 2% this year. Operating Income - GAAP operating income in the second quarter of 2007 was $1.10 billion, or 29% of revenues. This compares to GAAP operating income of $1.22 billion, or 33% of revenues, in the first quarter of 2007. Non-GAAP operating income in the second quarter of 2007 was $1.35 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.41 billion, or 38% of revenues, in the first quarter of 2007. Net Income – GAAP net income for the second quarter of 2007 was $925 million as compared to $1.0 billion in the first quarter of 2007. Non-GAAP net income was $1.12 billion in the second quarter of 2007, compared to $1.16 billion in the first quarter of 2007. GAAP EPS for the second quarter of 2007 was $2.93 on 315 million diluted shares outstanding, compared to $3.18 for the first quarter of 2007, on 315 million diluted shares outstanding. Non-GAAP EPS for the second quarter of 2007 was $3.56, compared to $3.68 in the first quarter of 2007. Income Taxes – Our effective tax rate was 25.5% for the second quarter of 2007. Cash Flow and Capital Expenditures – Net cash provided by operating activities for the second quarter of 2007 totaled $1.23 billion as compared to $1.22 billion for the first quarter of 2007. In the second quarter of 2007, capital expenditures were $575 million, the majority of which was related to IT infrastructure investments, including data centers, servers, and networking equipment. Free cash flow, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities less capital expenditures. In the second quarter of 2007, free cash flow was $655 million. In 2007, we expect to continue to make significant capital expenditures. A reconciliation of free cash flow to net cash provided by operating activities, the GAAP measure of liquidity, is included at the end of this release. Cash – As of June 30, 2007, cash, cash equivalents, and marketable securities were $12.5 billion. On a worldwide basis, Google employed 13,786 full-time employees as of June 30, 2007, up from 12,238 full time employees as of March 31, 2007. tag:odeo.com,2007-07-19,22008758 Thu, 19 Jul 2007 14:18:01 -0700 no earningsquarter 2007 Q3, EPS, GOOG, SBC, TSO http://odeo.com/episodes/22008776-Yahoo-Q2-2007-Earnings-Call Podcast here Earnings Call Transcript Here (from Seeking Alpha) Live Quote (delayed at least 20 minutes) [[YHOO]] In their own words: SUNNYVALE, Calif. – July 17, 2007 - Yahoo! Inc. (Nasdaq: YHOO) today reported results for the second quarter ended June 30, 2007. “I am focused on doing everything we need to do to strengthen our business, capture long-term growth opportunities and create increased value for our shareholders,â€? said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. “By sharpening our focus, speeding execution, building our technology and talent, and investing in key growth areas, we can put Yahoo! on a clear path to fulfill its potential as an Internet leader.â€? Second Quarter 2007 Financial Results • Revenues were $1,698 million for the second quarter of 2007, an 8 percent increase compared to $1,576 million for the same period of 2006. • Marketing services revenues were $1,486 million for the second quarter of 2007, a 7 percent increase com... Podcast here Earnings Call Transcript Here (from Seeking Alpha) Live Quote (delayed at least 20 minutes) [[YHOO]] In their own words: SUNNYVALE, Calif. – July 17, 2007 - Yahoo! Inc. (Nasdaq: YHOO) today reported results for the second quarter ended June 30, 2007. “I am focused on doing everything we need to do to strengthen our business, capture long-term growth opportunities and create increased value for our shareholders,â€? said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. “By sharpening our focus, speeding execution, building our technology and talent, and investing in key growth areas, we can put Yahoo! on a clear path to fulfill its potential as an Internet leader.â€? Second Quarter 2007 Financial Results • Revenues were $1,698 million for the second quarter of 2007, an 8 percent increase compared to $1,576 million for the same period of 2006. • Marketing services revenues were $1,486 million for the second quarter of 2007, a 7 percent increase compared to $1,386 million for the same period of 2006. • Marketing services revenues from Owned and Operated sites were $887 million for the second quarter of 2007, an 18 percent increase compared to $752 million for the same period of 2006. • Marketing services revenues from Affiliate sites were $599 million for the second quarter of 2007, a 5 percent decrease compared to $634 million for the same period of 2006. • Fees revenues were $212 million for the second quarter of 2007, a 12 percent increase compared to $190 million for the same period of 2006. • Revenues excluding traffic acquisition costs (“TACâ€?) were $1,244 million for the second quarter of 2007, an 11 percent increase compared to $1,123 million for the same period of 2006. • Gross profit for the second quarter of 2007 was $1,015 million, a 9 percent increase compared to $930 million for the same period of 2006. • Operating income for the second quarter of 2007 was $185 million, a 19 percent decrease compared to $230 million for the same period of 2006. • Operating income before depreciation, amortization and stock-based compensation expense for the second quarter of 2007 was $474 million, a 4 percent increase compared to $457 million for the same period of 2006. • Cash flow from operating activities for the second quarter of 2007 was $406 million, a 6 percent decrease compared to $430 million for the same period of 2006. • Free cash flow for the second quarter of 2007 was $328 million, an 8 percent decrease compared to $358 million for the same period of 2006. • Net income for the second quarter of 2007 was $161 million or $0.11 per diluted share compared to $164 million or $0.11 per diluted share for the same period of 2006. • Non-GAAP net income for the second quarter of 2007 was $238 million or $0.17 per diluted share compared to non-GAAP net income of $241 million or $0.16 per diluted share for the same period of 2006. • The provision for income taxes for the second quarter of 2007 was $88 million and yielded an effective tax rate of 41 percent. The provision for income taxes for the second quarter of 2006 was $123 million and yielded an effective tax rate of 46 percent. Podcast here Earnings Call Transcript Here (from Seeking Alpha) Live Quote (delayed at least 20 minutes) [[YHOO]] In their own words: SUNNYVALE, Calif. – July 17, 2007 - Yahoo! Inc. (Nasdaq: YHOO) today reported results for the second quarter ended June 30, 2007. “I am focused on doing everything we need to do to strengthen our business, capture long-term growth opportunities and create increased value for our shareholders,â€? said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. “By sharpening our focus, speeding execution, building our technology and talent, and investing in key growth areas, we can put Yahoo! on a clear path to fulfill its potential as an Internet leader.â€? Second Quarter 2007 Financial Results • Revenues were $1,698 million for the second quarter of 2007, an 8 percent increase compared to $1,576 million for the same period of 2006. • Marketing services revenues were $1,486 million for the second quarter of 2007, a 7 percent increase compared to $1,386 million for the same period of 2006. • Marketing services revenues from Owned and Operated sites were $887 million for the second quarter of 2007, an 18 percent increase compared to $752 million for the same period of 2006. • Marketing services revenues from Affiliate sites were $599 million for the second quarter of 2007, a 5 percent decrease compared to $634 million for the same period of 2006. • Fees revenues were $212 million for the second quarter of 2007, a 12 percent increase compared to $190 million for the same period of 2006. • Revenues excluding traffic acquisition costs (“TACâ€?) were $1,244 million for the second quarter of 2007, an 11 percent increase compared to $1,123 million for the same period of 2006. • Gross profit for the second quarter of 2007 was $1,015 million, a 9 percent increase compared to $930 million for the same period of 2006. • Operating income for the second quarter of 2007 was $185 million, a 19 percent decrease compared to $230 million for the same period of 2006. • Operating income before depreciation, amortization and stock-based compensation expense for the second quarter of 2007 was $474 million, a 4 percent increase compared to $457 million for the same period of 2006. • Cash flow from operating activities for the second quarter of 2007 was $406 million, a 6 percent decrease compared to $430 million for the same period of 2006. • Free cash flow for the second quarter of 2007 was $328 million, an 8 percent decrease compared to $358 million for the same period of 2006. • Net income for the second quarter of 2007 was $161 million or $0.11 per diluted share compared to $164 million or $0.11 per diluted share for the same period of 2006. • Non-GAAP net income for the second quarter of 2007 was $238 million or $0.17 per diluted share compared to non-GAAP net income of $241 million or $0.16 per diluted share for the same period of 2006. • The provision for income taxes for the second quarter of 2007 was $88 million and yielded an effective tax rate of 41 percent. The provision for income taxes for the second quarter of 2006 was $123 million and yielded an effective tax rate of 46 percent. tag:odeo.com,2007-07-19,22008776 Thu, 19 Jul 2007 13:54:12 -0700 no earningsquarter Listing, 2007 Q3, YHOO http://odeo.com/episodes/22008787-INTU-Q3-2007-Earnings-Call Podcast here Live Quote (delayed at least 20 minutes) [[INTU]] In their own words: “Intuit Announces Record Third-Quarter Revenue; Raises Full-Year Revenue and Earnings Guidance Third-Quarter Revenue Totals $1.15 Billion, up 21 Percent Over Prior Year MOUNTAIN VIEW, Calif. — May 17, 2007 — Intuit Inc. (Nasdaq: INTU) today announced its third-quarter 2007 revenue increased 21 percent over the year-ago quarter to $1.15 billion. This marks the first time Intuit revenue has exceeded $1 billion in a quarter. Growth was driven by a strong tax season, excellent performance in QuickBooks and the acquisition of Digital Insight to create a Financial Institutions segment. Revenue for the first nine months of the fiscal year grew 14 percent. “We had great results from all of our businesses this quarter,â€? said Steve Bennett, Intuit’s president and chief executive officer. “Our two biggest growth engines, Tax and Small Business, continue to perform very well and our newest growt... Podcast here Live Quote (delayed at least 20 minutes) [[INTU]] In their own words: “Intuit Announces Record Third-Quarter Revenue; Raises Full-Year Revenue and Earnings Guidance Third-Quarter Revenue Totals $1.15 Billion, up 21 Percent Over Prior Year MOUNTAIN VIEW, Calif. — May 17, 2007 — Intuit Inc. (Nasdaq: INTU) today announced its third-quarter 2007 revenue increased 21 percent over the year-ago quarter to $1.15 billion. This marks the first time Intuit revenue has exceeded $1 billion in a quarter. Growth was driven by a strong tax season, excellent performance in QuickBooks and the acquisition of Digital Insight to create a Financial Institutions segment. Revenue for the first nine months of the fiscal year grew 14 percent. “We had great results from all of our businesses this quarter,â€? said Steve Bennett, Intuit’s president and chief executive officer. “Our two biggest growth engines, Tax and Small Business, continue to perform very well and our newest growth engine, Financial Institutions, is also making a significant contribution. We’re on track for another year of double-digit revenue and earnings growth.â€? Full SEC 8K here Techmeme discussion here Podcast here Live Quote (delayed at least 20 minutes) [[INTU]] In their own words: “Intuit Announces Record Third-Quarter Revenue; Raises Full-Year Revenue and Earnings Guidance Third-Quarter Revenue Totals $1.15 Billion, up 21 Percent Over Prior Year MOUNTAIN VIEW, Calif. — May 17, 2007 — Intuit Inc. (Nasdaq: INTU) today announced its third-quarter 2007 revenue increased 21 percent over the year-ago quarter to $1.15 billion. This marks the first time Intuit revenue has exceeded $1 billion in a quarter. Growth was driven by a strong tax season, excellent performance in QuickBooks and the acquisition of Digital Insight to create a Financial Institutions segment. Revenue for the first nine months of the fiscal year grew 14 percent. “We had great results from all of our businesses this quarter,â€? said Steve Bennett, Intuit’s president and chief executive officer. “Our two biggest growth engines, Tax and Small Business, continue to perform very well and our newest growth engine, Financial Institutions, is also making a significant contribution. We’re on track for another year of double-digit revenue and earnings growth.â€? Full SEC 8K here Techmeme discussion here tag:odeo.com,2007-05-19,22008787 Sat, 19 May 2007 18:10:54 -0700 no earningsquarter podcast, Listing, 2007 Q3, INTU http://odeo.com/episodes/22008811-ADSK-Q1-2008-Earnings-Call Podcast here Live Quote (delayed at least 20 minutes) [[ADSK]] In their own words: “Autodesk Reports Record Revenues of $509 Million Raises Revenue Guidance SAN RAFAEL, Calif., May 17 /PRNewswire-FirstCall/ — Autodesk, Inc. (Nasdaq: ADSK) today reported record quarterly revenues of $509 million, an increase of 17 percent over the first quarter of fiscal 2007. “Autodesk delivered another record quarter of revenue,” said Carl Bass, Autodesk president and CEO. “During the quarter, we launched strong new releases of our 2008 family of products which continue to improve our customers’ design experience. Customers are responding enthusiastically to the improved performance and scalability across the product line. Additionally, our industry-leading 3D design software solutions are providing customers the ability to experience their ideas through the power of digital prototyping resulting in improved competitive advantage.”" Full SEC 8K Podcast here Live Quote (delayed at least 20 minutes) [[ADSK]] In their own words: “Autodesk Reports Record Revenues of $509 Million Raises Revenue Guidance SAN RAFAEL, Calif., May 17 /PRNewswire-FirstCall/ — Autodesk, Inc. (Nasdaq: ADSK) today reported record quarterly revenues of $509 million, an increase of 17 percent over the first quarter of fiscal 2007. “Autodesk delivered another record quarter of revenue,” said Carl Bass, Autodesk president and CEO. “During the quarter, we launched strong new releases of our 2008 family of products which continue to improve our customers’ design experience. Customers are responding enthusiastically to the improved performance and scalability across the product line. Additionally, our industry-leading 3D design software solutions are providing customers the ability to experience their ideas through the power of digital prototyping resulting in improved competitive advantage.”" Full SEC 8K Podcast here Live Quote (delayed at least 20 minutes) [[ADSK]] In their own words: “Autodesk Reports Record Revenues of $509 Million Raises Revenue Guidance SAN RAFAEL, Calif., May 17 /PRNewswire-FirstCall/ — Autodesk, Inc. (Nasdaq: ADSK) today reported record quarterly revenues of $509 million, an increase of 17 percent over the first quarter of fiscal 2007. “Autodesk delivered another record quarter of revenue,” said Carl Bass, Autodesk president and CEO. “During the quarter, we launched strong new releases of our 2008 family of products which continue to improve our customers’ design experience. Customers are responding enthusiastically to the improved performance and scalability across the product line. Additionally, our industry-leading 3D design software solutions are providing customers the ability to experience their ideas through the power of digital prototyping resulting in improved competitive advantage.”" Full SEC 8K tag:odeo.com,2007-05-17,22008811 Thu, 17 May 2007 15:12:11 -0700 no earningsquarter podcast, Listing, ADSK, 2008 Q1 http://odeo.com/episodes/22008833-HPQ-Q2-2007-Earnings-Call Podcast here Live Quote (delayed at least 20 minutes) [[HPQ]] In their own words: “HP Reports Second Quarter 2007 Results • Net revenue up 13% year-over-year to $25.5 billion • GAAP operating profit of $2.1 billion, or $0.65 earnings per share, up 27% year-over-year excluding a $0.15 tax settlement gain in Q2 FY06 • Non-GAAP operating profit of $2.3 billion, or $0.70 earnings per share, up 30% year-over-year excluding a $0.15 tax settlement gain in Q2 FY06 • Record cash flow from operations of $4.2 billion PALO ALTO, Calif., May 16, 2007 – HP today announced financial results for its second fiscal quarter ended April 30, 2007, with net revenue of $25.5 billion, representing growth of 13% year-over-year, or 10% when adjusted for the effects of currency.” Full SEC 8K Podcast here Live Quote (delayed at least 20 minutes) [[HPQ]] In their own words: “HP Reports Second Quarter 2007 Results • Net revenue up 13% year-over-year to $25.5 billion • GAAP operating profit of $2.1 billion, or $0.65 earnings per share, up 27% year-over-year excluding a $0.15 tax settlement gain in Q2 FY06 • Non-GAAP operating profit of $2.3 billion, or $0.70 earnings per share, up 30% year-over-year excluding a $0.15 tax settlement gain in Q2 FY06 • Record cash flow from operations of $4.2 billion PALO ALTO, Calif., May 16, 2007 – HP today announced financial results for its second fiscal quarter ended April 30, 2007, with net revenue of $25.5 billion, representing growth of 13% year-over-year, or 10% when adjusted for the effects of currency.” Full SEC 8K Podcast here Live Quote (delayed at least 20 minutes) [[HPQ]] In their own words: “HP Reports Second Quarter 2007 Results • Net revenue up 13% year-over-year to $25.5 billion • GAAP operating profit of $2.1 billion, or $0.65 earnings per share, up 27% year-over-year excluding a $0.15 tax settlement gain in Q2 FY06 • Non-GAAP operating profit of $2.3 billion, or $0.70 earnings per share, up 30% year-over-year excluding a $0.15 tax settlement gain in Q2 FY06 • Record cash flow from operations of $4.2 billion PALO ALTO, Calif., May 16, 2007 – HP today announced financial results for its second fiscal quarter ended April 30, 2007, with net revenue of $25.5 billion, representing growth of 13% year-over-year, or 10% when adjusted for the effects of currency.” Full SEC 8K tag:odeo.com,2007-05-16,22008833 Wed, 16 May 2007 16:36:35 -0700 no earningsquarter podcast, Listing, 2007 Q2, HPQ http://odeo.com/episodes/22008847-BEAS-Q1-2007-Earnings-Call Podcast here Live Quote (delayed at least 20 minutes) [[BEAS]] In their own words: “BEA Reports First Quarter Results; AquaLogic Represents 24% of License Revenue BEA Approves $500 Million Increase To Stock Buyback Plan SAN JOSE, Calif.—May 16, 2007 —BEA Systems, Inc., a world leader in enterprise and communications infrastructure software , today announced certain financial results for the fiscal first quarter ended April 30, 2007. BEA reported first quarter total revenues of $345.8 million, up 7% from last year’s first quarter. BEA reported first quarter license fees of $114.6 million, down 13% from a year ago, and services revenue of $231.2 million, up 21% from a year ago. BEA reported first quarter cash flow from operating activities of $95.1 million, down 7% from a year ago. BEA reported a balance of cash, cash equivalents, short-term investments and restricted cash of $1.3 billion. BEA also reported deferred revenues of $434.7 million, up 19% from a year ago.&#8221... Podcast here Live Quote (delayed at least 20 minutes) [[BEAS]] In their own words: “BEA Reports First Quarter Results; AquaLogic Represents 24% of License Revenue BEA Approves $500 Million Increase To Stock Buyback Plan SAN JOSE, Calif.—May 16, 2007 —BEA Systems, Inc., a world leader in enterprise and communications infrastructure software , today announced certain financial results for the fiscal first quarter ended April 30, 2007. BEA reported first quarter total revenues of $345.8 million, up 7% from last year’s first quarter. BEA reported first quarter license fees of $114.6 million, down 13% from a year ago, and services revenue of $231.2 million, up 21% from a year ago. BEA reported first quarter cash flow from operating activities of $95.1 million, down 7% from a year ago. BEA reported a balance of cash, cash equivalents, short-term investments and restricted cash of $1.3 billion. BEA also reported deferred revenues of $434.7 million, up 19% from a year ago.” Full SEC 8K Podcast here Live Quote (delayed at least 20 minutes) [[BEAS]] In their own words: “BEA Reports First Quarter Results; AquaLogic Represents 24% of License Revenue BEA Approves $500 Million Increase To Stock Buyback Plan SAN JOSE, Calif.—May 16, 2007 —BEA Systems, Inc., a world leader in enterprise and communications infrastructure software , today announced certain financial results for the fiscal first quarter ended April 30, 2007. BEA reported first quarter total revenues of $345.8 million, up 7% from last year’s first quarter. BEA reported first quarter license fees of $114.6 million, down 13% from a year ago, and services revenue of $231.2 million, up 21% from a year ago. BEA reported first quarter cash flow from operating activities of $95.1 million, down 7% from a year ago. BEA reported a balance of cash, cash equivalents, short-term investments and restricted cash of $1.3 billion. BEA also reported deferred revenues of $434.7 million, up 19% from a year ago.” Full SEC 8K tag:odeo.com,2007-05-16,22008847 Wed, 16 May 2007 16:33:19 -0700 no earningsquarter podcast, Listing, 2007 Q1, BEAS http://odeo.com/episodes/22008864-NVDA-Q1-2008-Earnings-Call Podcast here In their own words: “NVIDIA REPORTS RESULTS FOR FIRST QUARTER 2008 Company Achieves 24 Percent Revenue Growth and 44 Percent Net Income Growth Year-Over-Year; Gross Margins Reach New High of 45% SANTA CLARA, CA—MAY 10, 2007 —NVIDIA Corporation (Nasdaq: NVDA) today reported financial results for the first quarter of fiscal 2008 ended April 29, 2007. For the first quarter of fiscal 2008 revenues were $844.3 million, compared to $681.8 million for the first quarter of fiscal 2007, an increase of 24 percent. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2008 was $132.3 million, or $0.33 per diluted share, an increase of 44 percent compared to the first quarter of fiscal 2007.” Full SEC 8K Podcast here In their own words: “NVIDIA REPORTS RESULTS FOR FIRST QUARTER 2008 Company Achieves 24 Percent Revenue Growth and 44 Percent Net Income Growth Year-Over-Year; Gross Margins Reach New High of 45% SANTA CLARA, CA—MAY 10, 2007 —NVIDIA Corporation (Nasdaq: NVDA) today reported financial results for the first quarter of fiscal 2008 ended April 29, 2007. For the first quarter of fiscal 2008 revenues were $844.3 million, compared to $681.8 million for the first quarter of fiscal 2007, an increase of 24 percent. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2008 was $132.3 million, or $0.33 per diluted share, an increase of 44 percent compared to the first quarter of fiscal 2007.” Full SEC 8K Podcast here In their own words: “NVIDIA REPORTS RESULTS FOR FIRST QUARTER 2008 Company Achieves 24 Percent Revenue Growth and 44 Percent Net Income Growth Year-Over-Year; Gross Margins Reach New High of 45% SANTA CLARA, CA—MAY 10, 2007 —NVIDIA Corporation (Nasdaq: NVDA) today reported financial results for the first quarter of fiscal 2008 ended April 29, 2007. For the first quarter of fiscal 2008 revenues were $844.3 million, compared to $681.8 million for the first quarter of fiscal 2007, an increase of 24 percent. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2008 was $132.3 million, or $0.33 per diluted share, an increase of 44 percent compared to the first quarter of fiscal 2007.” Full SEC 8K tag:odeo.com,2007-05-10,22008864 Thu, 10 May 2007 21:14:47 -0700 no earningsquarter podcast, Listing, 2008 Q1, NVDA, GAAP http://odeo.com/episodes/22008978-THQI-Q4-2007-Earnings-Call Podcast here In their own words: “THQ Reports Record Net Sales and Net Income for Fiscal 2007 Sales Climb 27% to $1 Billion; Net Income More Than Doubles vs. Prior Year Management Reiterates Guidance for FY 2008 AGOURA HILLS, Calif.–(BUSINESS WIRE)–May 10, 2007–THQ Inc. (NASDAQ:THQI) today announced record results for the fiscal year ended March 31, 2007 and reaffirmed its guidance for fiscal 2008. For the twelve months ended March 31, 2007, THQ reported its 12th consecutive year of revenue growth as net sales increased 27% to a record $1,026.9 million from $806.6 million for fiscal 2006. Net income for fiscal 2007 was $68.0 million, or $1.01 per diluted share, which included stock-based compensation expense of $0.23 per diluted share. This compares with prior-year net income of $32.1 million, or $0.49 per diluted share, which included stock-based compensation expense of $0.05 per diluted share. A reconciliation of GAAP to non-GAAP results is provided in the ... Podcast here In their own words: “THQ Reports Record Net Sales and Net Income for Fiscal 2007 Sales Climb 27% to $1 Billion; Net Income More Than Doubles vs. Prior Year Management Reiterates Guidance for FY 2008 AGOURA HILLS, Calif.–(BUSINESS WIRE)–May 10, 2007–THQ Inc. (NASDAQ:THQI) today announced record results for the fiscal year ended March 31, 2007 and reaffirmed its guidance for fiscal 2008. For the twelve months ended March 31, 2007, THQ reported its 12th consecutive year of revenue growth as net sales increased 27% to a record $1,026.9 million from $806.6 million for fiscal 2006. Net income for fiscal 2007 was $68.0 million, or $1.01 per diluted share, which included stock-based compensation expense of $0.23 per diluted share. This compares with prior-year net income of $32.1 million, or $0.49 per diluted share, which included stock-based compensation expense of $0.05 per diluted share. A reconciliation of GAAP to non-GAAP results is provided in the accompanying financial tables.” Full press release Podcast here In their own words: “THQ Reports Record Net Sales and Net Income for Fiscal 2007 Sales Climb 27% to $1 Billion; Net Income More Than Doubles vs. Prior Year Management Reiterates Guidance for FY 2008 AGOURA HILLS, Calif.–(BUSINESS WIRE)–May 10, 2007–THQ Inc. (NASDAQ:THQI) today announced record results for the fiscal year ended March 31, 2007 and reaffirmed its guidance for fiscal 2008. For the twelve months ended March 31, 2007, THQ reported its 12th consecutive year of revenue growth as net sales increased 27% to a record $1,026.9 million from $806.6 million for fiscal 2006. Net income for fiscal 2007 was $68.0 million, or $1.01 per diluted share, which included stock-based compensation expense of $0.23 per diluted share. This compares with prior-year net income of $32.1 million, or $0.49 per diluted share, which included stock-based compensation expense of $0.05 per diluted share. A reconciliation of GAAP to non-GAAP results is provided in the accompanying financial tables.” Full press release tag:odeo.com,2007-05-10,22008978 Thu, 10 May 2007 21:14:18 -0700 no earningsquarter podcast, Listing, 2007 Q4, THQI http://odeo.com/episodes/22009027-ADPT-Q4-2007-Earnings-Call Podcast here In their own words: “ADAPTEC REPORTS FOURTH QUARTER AND FISCAL 2007 RESULTS Q4 Net Revenue from Continuing Operations: $51.9 Million Fiscal Year 2007 Revenue from Continuing Operations: $255.2 Million MILPITAS, Calif. - May 10, 2007 - Adaptec, Inc. (NASDAQ: ADPT), a global leader in storage solutions, today reported its financial results for the fourth quarter and fiscal year for 2007, which ended on March 31, 2007. Net revenue from continuing operations for the Company’s fourth quarter of fiscal 2007 was $51.9 million, compared with $81.1 million for the fourth quarter of fiscal 2006. Loss from continuing operations, computed on a generally accepted accounting principles (GAAP) basis, for the fourth quarter of fiscal 2007 was ($4.2) million or ($0.04) per share, compared with a loss from continuing operations of ($15.8) million or ($0.14) per share for the fourth quarter of fiscal 2006.” Full SEC 8K Podcast here In their own words: “ADAPTEC REPORTS FOURTH QUARTER AND FISCAL 2007 RESULTS Q4 Net Revenue from Continuing Operations: $51.9 Million Fiscal Year 2007 Revenue from Continuing Operations: $255.2 Million MILPITAS, Calif. - May 10, 2007 - Adaptec, Inc. (NASDAQ: ADPT), a global leader in storage solutions, today reported its financial results for the fourth quarter and fiscal year for 2007, which ended on March 31, 2007. Net revenue from continuing operations for the Company’s fourth quarter of fiscal 2007 was $51.9 million, compared with $81.1 million for the fourth quarter of fiscal 2006. Loss from continuing operations, computed on a generally accepted accounting principles (GAAP) basis, for the fourth quarter of fiscal 2007 was ($4.2) million or ($0.04) per share, compared with a loss from continuing operations of ($15.8) million or ($0.14) per share for the fourth quarter of fiscal 2006.” Full SEC 8K Podcast here In their own words: “ADAPTEC REPORTS FOURTH QUARTER AND FISCAL 2007 RESULTS Q4 Net Revenue from Continuing Operations: $51.9 Million Fiscal Year 2007 Revenue from Continuing Operations: $255.2 Million MILPITAS, Calif. - May 10, 2007 - Adaptec, Inc. (NASDAQ: ADPT), a global leader in storage solutions, today reported its financial results for the fourth quarter and fiscal year for 2007, which ended on March 31, 2007. Net revenue from continuing operations for the Company’s fourth quarter of fiscal 2007 was $51.9 million, compared with $81.1 million for the fourth quarter of fiscal 2006. Loss from continuing operations, computed on a generally accepted accounting principles (GAAP) basis, for the fourth quarter of fiscal 2007 was ($4.2) million or ($0.04) per share, compared with a loss from continuing operations of ($15.8) million or ($0.14) per share for the fourth quarter of fiscal 2006.” Full SEC 8K tag:odeo.com,2007-05-10,22009027 Thu, 10 May 2007 16:27:02 -0700 no earningsquarter podcast, Listing, GAAP, 2007 Q4, ADPT http://odeo.com/episodes/22009046-NWS-Q3-2007-Earnings-Call Podcast here In their own words: “NEWS CORPORATION REPORTS RECORD THIRD QUARTER OPERATING INCOME OF $1.2 BILLION; GROWTH OF 23% OVER THIRD QUARTER A YEAR AGO REVENUES INCREASE 21% TO $7.5 BILLION NET INCOME INCREASES 6% TO $871 MILLION” Full press release Podcast here In their own words: “NEWS CORPORATION REPORTS RECORD THIRD QUARTER OPERATING INCOME OF $1.2 BILLION; GROWTH OF 23% OVER THIRD QUARTER A YEAR AGO REVENUES INCREASE 21% TO $7.5 BILLION NET INCOME INCREASES 6% TO $871 MILLION” Full press release Podcast here In their own words: “NEWS CORPORATION REPORTS RECORD THIRD QUARTER OPERATING INCOME OF $1.2 BILLION; GROWTH OF 23% OVER THIRD QUARTER A YEAR AGO REVENUES INCREASE 21% TO $7.5 BILLION NET INCOME INCREASES 6% TO $871 MILLION” Full press release tag:odeo.com,2007-05-09,22009046 Wed, 09 May 2007 14:27:18 -0700 no earningsquarter podcast, Listing, 2007 Q3, NWS http://odeo.com/episodes/22009064-PCLN-Q1-2007-Earnings-Call Podcast here In their own words: “Priceline.com Reports Financial Results For 1 st Quarter 2007 Gross travel bookings increase 33.7% year over year; European gross travel bookings grow 91% versus 2006 NORWALK, Conn., May 8, 2007 . . . Priceline.com Incorporated (Nasdaq: PCLN) today reported its financial results for the 1 st quarter 2007. Gross travel bookings for the 1 st quarter, which refers to the total dollar value, inclusive of all taxes and fees, of all travel services purchased by consumers, rose 33.7% year-over-year to $998 million.” Full SEC 8K Podcast here In their own words: “Priceline.com Reports Financial Results For 1 st Quarter 2007 Gross travel bookings increase 33.7% year over year; European gross travel bookings grow 91% versus 2006 NORWALK, Conn., May 8, 2007 . . . Priceline.com Incorporated (Nasdaq: PCLN) today reported its financial results for the 1 st quarter 2007. Gross travel bookings for the 1 st quarter, which refers to the total dollar value, inclusive of all taxes and fees, of all travel services purchased by consumers, rose 33.7% year-over-year to $998 million.” Full SEC 8K Podcast here In their own words: “Priceline.com Reports Financial Results For 1 st Quarter 2007 Gross travel bookings increase 33.7% year over year; European gross travel bookings grow 91% versus 2006 NORWALK, Conn., May 8, 2007 . . . Priceline.com Incorporated (Nasdaq: PCLN) today reported its financial results for the 1 st quarter 2007. Gross travel bookings for the 1 st quarter, which refers to the total dollar value, inclusive of all taxes and fees, of all travel services purchased by consumers, rose 33.7% year-over-year to $998 million.” Full SEC 8K tag:odeo.com,2007-05-09,22009064 Wed, 09 May 2007 08:57:25 -0700 no earningsquarter podcast, Listing, 2007 Q1, PCLN http://odeo.com/episodes/22009114-MVSN-Q1-2007-Earnings-Call Podcast here In their own words: “MACROVISION CORPORATION REPORTS RECORD FIRST QUARTER REVENUE AND CASH PERFORMANCE SANTA CLARA, Calif. (BUSINESS WIRE)—May 8, 2007—Macrovision Corporation (NASDAQ: MVSN) announced today record first quarter revenues of $65.2 million compared to $57.0 million for the first quarter of 2006. US GAAP net income was $5.7 million compared to $2.5 million for the first quarter of 2006. Diluted GAAP earnings per share for the quarter were $0.11, compared to $0.05 for the first quarter of 2006.” Full SEC 8K Podcast here In their own words: “MACROVISION CORPORATION REPORTS RECORD FIRST QUARTER REVENUE AND CASH PERFORMANCE SANTA CLARA, Calif. (BUSINESS WIRE)—May 8, 2007—Macrovision Corporation (NASDAQ: MVSN) announced today record first quarter revenues of $65.2 million compared to $57.0 million for the first quarter of 2006. US GAAP net income was $5.7 million compared to $2.5 million for the first quarter of 2006. Diluted GAAP earnings per share for the quarter were $0.11, compared to $0.05 for the first quarter of 2006.” Full SEC 8K Podcast here In their own words: “MACROVISION CORPORATION REPORTS RECORD FIRST QUARTER REVENUE AND CASH PERFORMANCE SANTA CLARA, Calif. (BUSINESS WIRE)—May 8, 2007—Macrovision Corporation (NASDAQ: MVSN) announced today record first quarter revenues of $65.2 million compared to $57.0 million for the first quarter of 2006. US GAAP net income was $5.7 million compared to $2.5 million for the first quarter of 2006. Diluted GAAP earnings per share for the quarter were $0.11, compared to $0.05 for the first quarter of 2006.” Full SEC 8K tag:odeo.com,2007-05-08,22009114 Tue, 08 May 2007 21:48:36 -0700 no earningsquarter podcast, Listing, 2007 Q1, MVSN http://odeo.com/episodes/22009148-ERTS-Q4-2007-Earnings-Call Podcast here In their own words: “EA REPORTS FOURTH QUARTER AND FISCAL YEAR 2007 RESULTS Harry Potter to Launch Worldwide on Seven Platforms on June 25, 2007 Fifteen Games Based on Wholly Owned Properties Planned for Fiscal 2008 REDWOOD CITY, CA – May 8, 2007 – Electronic Arts (NASDAQ: ERTS) today announced preliminary financial results for its fiscal fourth quarter and fiscal year ended March 31, 2007. Fiscal Fourth Quarter Results (comparisons are to the quarter ended March 31, 2006) Net revenue for the fourth quarter was $613 million, down four percent as compared with $641 million for the prior year primarily due to the transition to next generation systems. Sales were driven by Command & Conquer 3 Tiberium Wars â„¢, Need for Speed â„¢ Carbon, DEF JAM: ICON â„¢ and The Sims â„¢ 2 Seasons .” Full SEC 8K Podcast here In their own words: “EA REPORTS FOURTH QUARTER AND FISCAL YEAR 2007 RESULTS Harry Potter to Launch Worldwide on Seven Platforms on June 25, 2007 Fifteen Games Based on Wholly Owned Properties Planned for Fiscal 2008 REDWOOD CITY, CA – May 8, 2007 – Electronic Arts (NASDAQ: ERTS) today announced preliminary financial results for its fiscal fourth quarter and fiscal year ended March 31, 2007. Fiscal Fourth Quarter Results (comparisons are to the quarter ended March 31, 2006) Net revenue for the fourth quarter was $613 million, down four percent as compared with $641 million for the prior year primarily due to the transition to next generation systems. Sales were driven by Command & Conquer 3 Tiberium Wars â„¢, Need for Speed â„¢ Carbon, DEF JAM: ICON â„¢ and The Sims â„¢ 2 Seasons .” Full SEC 8K Podcast here In their own words: “EA REPORTS FOURTH QUARTER AND FISCAL YEAR 2007 RESULTS Harry Potter to Launch Worldwide on Seven Platforms on June 25, 2007 Fifteen Games Based on Wholly Owned Properties Planned for Fiscal 2008 REDWOOD CITY, CA – May 8, 2007 – Electronic Arts (NASDAQ: ERTS) today announced preliminary financial results for its fiscal fourth quarter and fiscal year ended March 31, 2007. Fiscal Fourth Quarter Results (comparisons are to the quarter ended March 31, 2006) Net revenue for the fourth quarter was $613 million, down four percent as compared with $641 million for the prior year primarily due to the transition to next generation systems. Sales were driven by Command & Conquer 3 Tiberium Wars â„¢, Need for Speed â„¢ Carbon, DEF JAM: ICON â„¢ and The Sims â„¢ 2 Seasons .” Full SEC 8K tag:odeo.com,2007-05-08,22009148 Tue, 08 May 2007 21:41:45 -0700 no earningsquarter podcast, Listing, 2007 Q4, ERTS http://odeo.com/episodes/22009192-NSR-Q2-2007-Earnings-Call Podcast here In their own words: “NeuStar Reports Results for First Quarter 2007 Reaffirms guidance for full year 2007 and announces nine new customer signings for its mobile instant messaging service STERLING, VA, May 8, 2007 — NeuStar, Inc. (NYSE: NSR), a provider of essential clearinghouse services to the communications and Internet industry, today announced results for the quarter ended March 31, 2007 and affirmed its previously released guidance for full year 2007. Summary of First Quarter Results Revenue totaled $97.4 million, up from $76.2 million in the first quarter of 2006, an increase of 28%. Net income totaled $18.0 million, or $0.23 per diluted share, compared to $18.3 million, or $0.24 per diluted share, in the first quarter of 2006. Revenue in the quarter included the impact of reduced pricing on the company’s contracts to provide telephone number portability services in the United States, under the September 2006 amendments to these contracts previously ann... Podcast here In their own words: “NeuStar Reports Results for First Quarter 2007 Reaffirms guidance for full year 2007 and announces nine new customer signings for its mobile instant messaging service STERLING, VA, May 8, 2007 — NeuStar, Inc. (NYSE: NSR), a provider of essential clearinghouse services to the communications and Internet industry, today announced results for the quarter ended March 31, 2007 and affirmed its previously released guidance for full year 2007. Summary of First Quarter Results Revenue totaled $97.4 million, up from $76.2 million in the first quarter of 2006, an increase of 28%. Net income totaled $18.0 million, or $0.23 per diluted share, compared to $18.3 million, or $0.24 per diluted share, in the first quarter of 2006. Revenue in the quarter included the impact of reduced pricing on the company’s contracts to provide telephone number portability services in the United States, under the September 2006 amendments to these contracts previously announced by the company. Based on the per-transaction rate that would have applied absent these amendments, this new pricing resulted in a reduction to revenue of $8.9 million.” Full SEC 8K Podcast here In their own words: “NeuStar Reports Results for First Quarter 2007 Reaffirms guidance for full year 2007 and announces nine new customer signings for its mobile instant messaging service STERLING, VA, May 8, 2007 — NeuStar, Inc. (NYSE: NSR), a provider of essential clearinghouse services to the communications and Internet industry, today announced results for the quarter ended March 31, 2007 and affirmed its previously released guidance for full year 2007. Summary of First Quarter Results Revenue totaled $97.4 million, up from $76.2 million in the first quarter of 2006, an increase of 28%. Net income totaled $18.0 million, or $0.23 per diluted share, compared to $18.3 million, or $0.24 per diluted share, in the first quarter of 2006. Revenue in the quarter included the impact of reduced pricing on the company’s contracts to provide telephone number portability services in the United States, under the September 2006 amendments to these contracts previously announced by the company. Based on the per-transaction rate that would have applied absent these amendments, this new pricing resulted in a reduction to revenue of $8.9 million.” Full SEC 8K tag:odeo.com,2007-05-08,22009192 Tue, 08 May 2007 10:08:37 -0700 no earningsquarter podcast, Listing, 2007 Q2, NSR http://odeo.com/episodes/1603751-CKFR-Q2-2006-Earnings-Call tag:odeo.com,2006-08-01,1603751 Tue, 01 Aug 2006 22:26:17 -0700 no earningsquarter http://odeo.com/episodes/1603750-IACI-Q2-2006-Earnings-Call tag:odeo.com,2006-08-01,1603750 Tue, 01 Aug 2006 20:33:45 -0700 no earningsquarter http://odeo.com/episodes/1603749-ISSX-Q2-2006-Earnings-Call tag:odeo.com,2006-08-01,1603749 Tue, 01 Aug 2006 02:39:23 -0700 no earningsquarter http://odeo.com/episodes/1581485-PLAY-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581485 Fri, 28 Jul 2006 05:22:24 -0700 no earningsquarter http://odeo.com/episodes/1581484-GNSS-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581484 Fri, 28 Jul 2006 05:21:41 -0700 no earningsquarter http://odeo.com/episodes/1581483-WDC-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581483 Fri, 28 Jul 2006 05:14:26 -0700 no earningsquarter http://odeo.com/episodes/1581482-THQI-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581482 Fri, 28 Jul 2006 05:09:55 -0700 no earningsquarter http://odeo.com/episodes/1581481-RNWK-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581481 Fri, 28 Jul 2006 05:06:55 -0700 no earningsquarter http://odeo.com/episodes/1581480-ONNN-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581480 Fri, 28 Jul 2006 05:03:17 -0700 no earningsquarter http://odeo.com/episodes/1581479-DSCM-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581479 Fri, 28 Jul 2006 04:53:03 -0700 no earningsquarter http://odeo.com/episodes/1581478-NCR-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581478 Fri, 28 Jul 2006 04:49:57 -0700 no earningsquarter http://odeo.com/episodes/1581477-TSM-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581477 Fri, 28 Jul 2006 04:32:07 -0700 no earningsquarter http://odeo.com/episodes/1581476-BIDU-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581476 Fri, 28 Jul 2006 04:28:07 -0700 no earningsquarter http://odeo.com/episodes/1581475-SIMG-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581475 Fri, 28 Jul 2006 04:25:28 -0700 no earningsquarter http://odeo.com/episodes/1581474-TRID-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581474 Fri, 28 Jul 2006 04:21:45 -0700 no earningsquarter http://odeo.com/episodes/1581473-SYMC-Q2-2006-Earnings-Call tag:odeo.com,2006-07-28,1581473 Fri, 28 Jul 2006 04:19:44 -0700 no earningsquarter