Earnings Call Excerpt
Here’s the entire text of the prepared remarks from Ericsson’s (ticker: ERICY) 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:
Karl-Henrik Sundstrom, CFO
Carl-Henric Svanberg, CEO
Gary Pinkham, Vice President Investor Relations
Analysts:Tim Boddy, Goldman Sachs
Kulbinder Garcha
Stuart Jeffrey, Lehman Brothers
Mats Nystrom, Enskilda.
Alexandre Peterc, Exane BNP Paribas
Brian Moldoff, Deutsche Bank
Wojtek Uzdelewicz, Bear Stearns
Jeffrey Schlesinger, UBS
Richard Kramer, Arete Research
Ittai Kidron, CIBC World Markets
Peter Dionisio, Morgan Stanley
Jeff Walkenhorst, Bank of America Securities
Ed Bell, Cazenove
Mark Davies-Jones, JP Morgan
Presentation[Operator]
Welcome to the Ericsson analysts and media conference call for their third quarter report for 2005. To view visual aids for this call, please log on to www.ericsson.com/press or www.ericsson.com/investors [OPERATOR INSTRUCTIONS]. As a reminder, replay will be available one hour after today's conference. Mr. Gary Pinkham, Vice President Investor Relations, will now open the call.
[Gary Pinkham, Vice President Investor Relations]
Thank you, operator. And Hello, everyone, and welcome to our conference call for the third quarter of 2005. We're starting a few minutes late today, because we wanted to make sure everyone was on board and there was a few late people dialing in, but hopefully everyone is there now. With me here in Stockholm is CEO Carl-Henric Svanberg and Karl-Henrik Sundstrom, our Chief Financial Officer.
Before we get started, I'd like to inform you that we will be making forward-looking statements during the call today and these statements are based on our current expectations and certain planning assumptions. The actual results may be different, due to a number of reasons, and the risks and uncertainties associated with these planning assumptions are described in our Annual Report, which we encourage you to read. With that out of the way, I'd like to hand over to Carl-Henric for comments about our performance during the quarter and our plans going forward.
[Carl-Henric Svanberg, CEO]
Well, ladies and gentlemen, welcome to this conference call, again. Let me start by saying that this quarter was a milestone for our industry. We passed 2 billion mobile subscribers in the world and I think we are aligned with other analysts in our assumption that we will pass 3 billion within five years or so. That is a pretty fascinating thought for us as a Company with a vision of an all-communicating world.
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