Earnings Call Excerpt
SourceForge, Inc. (LNUX)
F2Q08 Earnings Call
February 26, 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
Douglas Whitman – Whitman Capital, LLC
Clayton Moran – Stanford Group
Joe Maxa – Dougherty & Company
Richard Fetyko – Merriman Curhan Ford
William Morrison - ThinkEquity Partners
James Gilman – Cross Research
Ralph [Weinblat] - Trivium Capital
Presentation
Operator
Greeting and welcome the SourceForge second quarter fiscal 2008 financial results conference call. At this time all participants are in listen only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder this conference is being recorded. It is now my pleasure to introduce your host, Miss Patty Morris, Chief Financial Officer for SourceForge. Thank you. Miss Morris, you may begin.
Patricia S. Morris
Good afternoon and welcome to SourceForge’s conference call reviewing our second quarter 2008 financial results. Let me remind you that this discussion will include forward-looking statements which will be make 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 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 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 from their target audiences, our ability to realize monetization improvements, decreases or delays in online advertising spending in the current economic environment and the ability of our media group to achieve the expected efficiency benefits of its recent organization realignment. 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 10-Q for the first quarter of its fiscal year 2008 and October 31, 2007. These documents are available at the company’s website, www.SourceForge.com and at the SEC website, www.SEC.gov.
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