R.H. Donnelley Corp. Q2 2008 Earnings Call

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2008-07-31 15:29:31.0

Tags: R. H. Donnelley Corp.

Question-and-Answer Session

Thank you, sir. At this time we would like to begin the question and answer session of the conference. [Operator Instructions]. Our first question comes from Mr. Peter Salkowski with Goldman Sachs. Sir, you may ask your question.

Peter Salkowski - Goldman, Sachs & Co.

Yes, good morning everybody. I was wondering, if you could start Dave, and talk a little bit about the online platform, how things are progressing there, I know had expected sort of a pay-for-performance sort of platform up by the end of this year rolling into '09, just kind of wondering the status of that?

David C. Swanson - Chairman and Chief Executive Officer

Yes, Pete good morning. It's going along well. If you'll remember, when we did the acquisition of Business.com, one of the things that we talked about is, we were looking at where we were trying to get to that we could accelerate these platform initiatives from about a three year runway to 1.5 years. And it's tracking really, really well. They are on track, everything that we've been looking to develop is either on time or slightly ahead of schedule, and couldn't be happier with the work that those folks are doing.

Peter Salkowski - Goldman, Sachs & Co.

Is DexKnows.com pretty much rolled across all your different markets?

David C. Swanson - Chairman and Chief Executive Officer

Yes, we have... DexKnows.com is the site... the search site that we're using across all markets now.

Peter Salkowski - Goldman, Sachs & Co.

Okay. Could you give us a sense of how big is, either did or is doing, I guess, July is almost over, so the books should be out, how big is that trend, I know things are extremely weak in the market again?

David C. Swanson - Chairman and Chief Executive Officer

Yes, we don't give results on specific products or markets, but as I told, Joe, it's last quarter... things are bad in Vegas, it may continue to be bad, and we are not seeing... they're not getting worse, that's the good news. But they remain pretty tough there and we haven't seen any kind of turn there yet.

Peter Salkowski - Goldman, Sachs & Co.

Excellent, David. And then, Steve, just a couple of quick questions. First of all, on the repurchase of debt, are you guys able to, if you want, to go out and buy debt on the open market?

 

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