Zones Q4 2007 Earnings Call Transcript

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2008-01-30 20:56:51.0

Tags: Zones Inc.

Question-and-Answer Session

Operator

Ladies and gentlemen at this time we will begin the question and answer session. (Operator Instructions) One moment please for the first question. The first question comes from the line of Brian Dunn with [Hobb Day Capital]. Please go ahead.

Brian Dunn – [Hobb Day Capital]

Two parts, first one is can you talk about the timing of the sales as the quarter went on? Did you see a majority in October, November? I know a lot of peers have seen kind of December as a weak onset in the quarter. Then the second part of the question, what percent of your sales are coming from financial institutions?

Ronald P. McFadden

We experienced pretty consistent sales throughout the quarter. I have to admit that October and November were particularly strong and December was strong but it didn’t make the quarter. The first two months of the quarter were very healthy. So, we had a pretty level set quarter in terms of our sales. With respect to exposure to financial institutions, we have I’ll tell you very little at this point that would create exposure at least on the prospects for future sales. So, the percent of sales to those customers is very, very low.

Brian Dunn – [Hobb Day Capital]

Could you explain a reason for that? Because, I know the industry average is probably around 20% given the corporate makeup of the financial services sector. Do you have a large client that’s skewing that overall ratio?

Ronald P. McFadden

Unfortunately, the best I can respond to this and Chris I encourage you to participate in this, is just our particular customer mix.

Operator

(Operator Instructions) At this time there are no further questions. Please go ahead.

Ronald P. McFadden

Chris and I would like to thank you for joining us this morning. We welcome your continued interest in Zones and of course, your questions about our business. Thank you and have a good day.

Operator

Ladies and gentlemen this does conclude the Zones, Inc. fourth quarter fiscal 2007 financial results conference call. You may now disconnect. Thank you for using the Teleconference Center.

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