Earnings Call Excerpt
First Data (FDC)
Q4 2005 Earnings Conference Call
January 26th 2006, 8:00 AM.
Executives:
Gary Kohn, First Data Corporation
Ric Duques, First Data Corporation
David Bailis, First Data Financial Institutions, President
Ed Labry, First Data Commercial Services, President
Pam Patsley, First Data International, President
Kim Patmore, First Data Corporation, Chief Financial Officer
Christina Gold, Western Union, President
Analysts:
Saf Efford, Citigroup
Presentation
Gary Kohn, First Data Corporation
Starting Abruptly
I also want to remind you that our comments today include forward-looking statements. I ask that you refer to the Safe Harbor statement contained in this morning's earnings release and in appendix of the presentation. For information on the factors that could cause actual results to differ materially from projections.
Also want to remind you that everything today is going to be recorded, the statements are the property of First Data, and other than the replay on our website, there is a dial-in replay, First Data is not authorized in disclaims responsibility for any recording, replay, or distribution of any transcription of this call. During the call, we are also going to discuss the measures that don't confirm the Generally Accepted Accounting Principles. We believe that these measures provide useful information for investors and reconcile those in the appendix of the presentation.
The agenda today, Ric is going to start off the discussion talking about the results of our strategic review and the new business structure. He's also going to touch on Western Union and a little bit on the First Data Financial institutional segment. Ed Labry is going to discuss the First Data Commercial Services business and will talk about the First Data International business. Kim is going to touch on the financials, Ric will come back and provide guidance, give some concluding comments and as always, we'll have time for Q&A add to that. So with that, I will officially kick it over to Ric.
Ric Duques, First Data Corporation
It didn't used to be this big, let me tell you that. Thanks a lot for coming and, Gary, thank you for that introduction. First, I would like to introduce our management team. David Bailis, the President of First Data Financial Institutions. Where is David? Chief Information Officer; David Zibbel, Chief Technical Officer; Christina Gold, President, Western Union; Ed Labry, President, First Data Commercial Services; Kim Patmore, CFO; Pam Patsley, President, First Data International and Chief Administrative Officer and General Counsel.
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