SourceForge, Inc. F3Q08 (Qtr End 04/30/08) Earnings Call Transcript

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2008-05-27 19:07:12.0

Tags: SourceForge

Earnings Call Excerpt

SourceForge, Inc. (LNUX)

F3Q08 Earnings Call

May 27, 2008 5:00 pm ET

Executives

Patricia S. Morris – Chief Financial Officer & Senior Vice President

Ali Jenab – President, Chief Executive Officer & Director

Jonathan Sobel – Group President, Media

Analysts

Clayton Moran – Stanford Group

James Gilman – Cross Research

Analyst for William Morrison - ThinkEquity Partners

Joe Maxa – Dougherty & Company

Jon Hickman - MDB Capital

Douglas Whitman – Whitman Capital, LLC

Presentation

Operator

Welcome to the SourceForge third quarter fiscal 2008 financial results conference call. (Operator Instructions) It is now my pleasure to introduce your host, Patty Morris, Chief Financial Officer for SourceForge.

Patricia Morris

Good afternoon and welcome to SourceForge’s conference call reviewing our third quarter 2008 financial results. Let me remind you that this discussion will include forward-looking statements which will be made pursuant to the Safe Harbor provisions of Section 21(e) of the Securities Exchange Act of 1934.

Investors are cautioned that statements made during this call that are not strictly historical in nature constitute forward-looking statements which involve risks and uncertainties such as statements regarding current or future financial performance, management’s plans and objectives for future operations, product plans and performance, management’s assessment of market factors, expected contribution to revenue of various products and services offered by SourceForge and statements regarding the strategy and plans of SourceForge and companies with which it collaborates.

Actual results may differ materially from those expressed or implied in such forward-looking statements due to various factors and these results may be material and adverse.

Such factors include unforeseen delays and expenses associated with our plans to make improvements to the code base of and develop and open API for our SorceForge.net website and to develop and execute on additional platforms and related initiatives, our ability to attract and retain qualified personnel, the effectiveness of our new advertising product in reaching and generating revenue from their target audiences, our ability to realize monetization improvements and decreases or delays in online advertising spending in the current economic environment.

Additional factors that could cause actual results to differ from our forward-looking statements are specified in filings with the Securities & Exchange Commission including SourceForge’s annual report on Form 10-KA for the year ended July 31, 2007 and its quarterly report on Form 10Q for the second quarter of its fiscal year 2008 ended January 31, 2008. These documents are available at the company’s website, www.SourceForge.com and at the SEC website, www.SEC.gov.

 

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