Riverbed Technology Q3 2007 Earnings Call Transcript

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2007-10-23 18:25:13.0

Tags: Riverbed Technology Inc.

Question-and-Answer Session

Operator

Thank you. We will now begin the question-and-answer session. (Operator Instructions) Our first question comes from things line of Paul Mansky with Citigroup. Please go ahead.

Jeffrey John - Citigroup

Hi, guys it's [Jeffrey John], I have come on for Paul. Quick house keeping item and then maybe a couple of strategic questions, can we flush up the tax rate a little bit for December and the calendar year '08? You are rapidly drawing down your NOL’s how should we be thinking about a fully tax number for December?

Randy Gottfried

I would say I would stick to our guidance of about 10% effective tax rate based on pro forma numbers for Q4. The tax topic is very complicated, we could take much of call of this call with just the tax detail, but suffice to say, for Q4 we are assuming about a 10% rate in 2008 we are still assuming about a 40% rate.

Jeffrey John - Citigroup

Okay. And then a little more strategically, can you give us any feel for the competitive dynamic, are you seeing any new comers or is the competitive dynamic changing at all in the industry?

Eric Wolford

Yes sure, John. This is Eric, and we have done our usual in the quarter review of who we compete with and where we didn’t compete with, and when we were and why and it’s the same. We continue to see predominantly Cisco and Juniper and then there is a big drop off and then next up is a group of about 4 to 5 competitors; Packeteer, Blue Coat, a little bit of F5 and Citrix kind of make up the guys that we see the most.

Jeffrey John - Citigroup

Great, and then finally -- let me just finish it up. Can you give a little, any clarity on how much Steelhead contributed or Steelhead mobile product contributed in the quarter? Any visibility on pricing or reference account, give us some color on the call on the commentary, but any news you could put to those or any thing like that?

Jerry Kennelly

I think in general it's tracking right where we expected, the product came out in the later part of the quarter, so here we had, I think we mentioned over 40 customers. The most important thing in the quarter was getting a product out there. Getting it to you guys, so that customers will start trialing it more purchasing and get some momentum over time.

 

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