Earnings Call Excerpt
Overstock.com Inc. (OSTK)
Q1 2006 Earnings Conference Call
April 28 2006, 11:00 AM EST
Executives
Patrick Byrne - Chief Executive Officer
David Chidester - Senior Vice-President of Finance
Analysts
Aaron Kessler - Piper Jaffray
Doug Anmuth - Lehman Brothers
Scott Devitt - Stifel Nicolaus
Frank Gristina of Avondale Partners
Presentation
Operator
Good day, ladies and gentlemen. Thank you for your patience, and welcome to the First Quarter 2006 Overstock.com Incorporated Earnings Conference Call. My name is Bill and I’ll be your conference coordinator for today. At this time, all participants are in a listen-only mode. However, we will be facilitating a question and answer session towards the end of today’s conference. If at any time during the conference today you require assistance, please key star, followed by zero, and an operator will be happy to assist you. As a reminder, today’s conference is being recorded for replay purposes. I would not like to turn the conference over to your host for today’s presentation, Mr. David Chidester, Senior Vice-President of Finance. Please proceed.
David Chidester
Good morning, and welcome to Overstock.com’s first quarter 2006 conference call. Participating with me on the call today is Dr. Patrick Byrne, Chairman and CEO of Overstock.com. Please keep in mind that the following discussion and the responses to your questions reflects management’s views as of today, April 28, 2006 only. As you listen to the call, I encourage you to have our press release in front of you, since our financial results, detailed commentary, and the letter to shareholders are included and will correspond to much of the discussion that follows.
As we share information today to help you better understand our business, it is important to keep in mind that we will make statements in the course of this conference call that state our intentions, hopes, beliefs, expectations, or predictions of the future. These constitute forward-looking statements for the purpose of the safe harbor provisions under the Private Securities Litigation Reform, within the meaning of section 27A of the Securities Act of 1933, in section 21E of the Securities Exchange Act of 1934.
These forward-looking statements involve certain risks and uncertainties that could cause Overstock.com’s actual results to differ materially from those projected in these forward-looking statements. Overstock.com disclaims any intention or obligation to revise any forward-looking statements. Additional information concerning important factors that could cause actual results to differ materially from those in the forward-looking statements, is contained from time to time in documents that the company files with the SEC, including but not limited to its most recent reports on forms 10K, 10Q, 8K, and F1.
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