Earnings Call Excerpt
Here’s the entire text of the prepared remarks from NetEase’s (ticker: NTES) Q3 2005 conference call. The Q&A is here. We recognize that this transcript may contain inaccuracies - if you find any, please post a comment below and we’ll incorporate your corrections. And please note: this conference call transcript is a Seeking Alpha product, so feel free to link to it but reproduction is not permitted without the explicit permission of Seeking Alpha.
Executives:
Brandy Pearce, Investor Relation.
Denny Lee, Chief Financial Officer.
Michael Tong, Chief Operating Officer.Analysts:
Safa Rashtchy, Piper Jaffray.
Dick Wei, JP Morgan.
Lu Sun, Lehman Brothers.
Wallace Cheung, CSFB.
Richard Ji, Morgan Stanley.
Frank Shi, CLSA.
Jason Brueschke, Citigroup.
William Bean, Deutsche Bank.
James Mitchell, Goldman Sachs.Presentation
Operator
Hello everyone and welcome to the NetEase 2005 Third Quarter Conference Call. Today’s conference is being recorded. I would now like to turn the call over to Miss Brandy Pearce. Please go ahead.
Brandy Pearce, Investor Relation
Thank you, operator, today you will hear from Mr. Michael Tong, Chief Operating Officer and Mr. Denny Lee, Chief Financial Officer. After their prepared remarks we will open the call up to your questions.
Before we continue please note that the discussion today will contain forward-looking statements relating to the future performance of the company and are intended to qualify for the Safe Harbor from liability as established by the US Private Securities Litigation Reform Act. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, assumptions and other factors. Some of these risks are beyond the company’s control and could cause actual results to differ materially from those mentioned in today’s press release and this discussion.
Risks related to the fluctuations in the value of the Reminbi with respect to other currencies could also adversely affect the Company’s business and financial results. The Company does not undertake any obligation to update this forward-looking information except as required by law. As a reminder, this conference is being recorded. In addition, a webcast of this conference call will be available on the NetEase corporate website at corp.netease.com.
I will now turn the call over to Mr. Michael Tong, Chief Operating Officer of NetEase. Michael?
Michael Tong, Chief Operating Officer
Thank you Brandy. Hi everyone and thank you for joining us.
Overall we were pleased with our progress in our Online Game and advertising businesses. The third quarter represented a period of solid growth in our current markets and concentrated investment in the development of our next generation of products.
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