Full Transcript of Baidu’s 3Q05 Conference Call — Prepared Remarks (BIDU)

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2005-11-13 20:03:57.0

Tags: Baidu.com Inc., Conference, Financial Accounting, Finance, Seeking Alpha

Earnings Call Excerpt

Here’s the entire text of the prepared remarks from Baidu’s (ticker: BIDU) 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:

Cynthia He, Investor Relations Manager
Robin Li Chief Executive Officer
Shawn Wang Chief Financial Officer
Robin Li Chief Executive Officer

Analysts:

Anthony Noto, Goldman Sachs
Wallace Cheung, CSFB
Safa Rashtchy, Piper Jaffray
Dick Wei, JP Morgan
Jason Bruesche, Citigroup
Lea Howell, Thomas Weisel Partners
Andrew Collier, New York Global
Victor Anthony
Ming Zhao, Susquehanna Financial Group
Richard Ji, Morgan Stanley

Presentation

[Operator]

Good evening and thank you for standing by for www.baidu.com. Third Quarter 2005 Earnings Conference Call. At this time, all participants are in a listen only mode. After the call, we will conduct a question and answer session. Today's conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the meeting over to your host for today's conference, Ms. Cynthia He, Baidu's Investor Relations Manager.

[Cynthia He, Investor Relations Manager]

Hello, everyone. I am pleased to welcome you to Baidu's Third Quarter 2005 Earnings Conference Call. I am Cynthia He, Baidu's IR Manager. We announced our third quarter results after market close in the US today and you may find the press release on our Web site at www.ir.baidu.com as well as on the wire services.

Today, you will hear from Robin Li, our Chief Executive Officer, and Shawn Wang, our Chief Financial Officer. After their prepared remarks, Robin and Shawn will be available to answer your questions. But, before we continue, please note that the discussion today will contain forward-looking statements made under the Safe Harbor Provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the results discussed today.

A number of potential risks and uncertainties are online in our public filings with the SEC. Baidu does not undertake any obligation to update any forward-looking statement except as required under applicable law.

As a reminder, this conference is being recorded. In addition, a Webcast of this conference call will be available on Baidu's corporate Web site at www.ir.baidu.com and all right, at this time, I would like to welcome Mr. Robin Li to give you an overview on our third quarter developments.

 

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