Earnings Call Excerpt
Google (GOOG) Executives:
Eric Schmidt, Chief Executive Officer
George Reyes, Chief Financial Officer
Larry Page, Founder and President, Products
Sergey Brin, Founder and President, Technology
Omid Kordestani Senior Vice President, global sales and business development
Jonathan Rosenberg, Vice President, Product Management
Analysts:
Heath Terry, Credit Suisse First Boston
Anthony Noto, Goldman Sachs
Robert Peck, Bear Stearns
Marry Meeker, Morgan Stanley
Mark Mahaney, Citigroup
Lauren Fein, Merrill Lynch
Mark Gray, Needham & Company
Scott Kessler, Standard and Poor’s
Troy Maston, William Blair & Company
Jordan Rohan, RBC Capital Markets
Douglas Enmuth, Lehman Brothers
Yousef Squalin, Jeffries and Company
Presentation
Operator
Good day everyone and welcome to the Google Inc. Fourth Quarter 2005 Earnings Conference Call. This call is being recorded. With us today from the company is the chief executive officer. Dr. Eric Schmidt, the co-founder and president of technology Mr. Sergey Brin and the Co-founder and President of products, Mr. Larry Page and the Chief Financial Officer, Mr. George ?. At this time I would like to turn the call over to Miss Kim Shevel, Director of financial relations.
Kim Shevel, Finance Director
Good afternoon. Welcome to our 4th quarter 2005 earnings call. On the call today are Eric Schmidt, Chief Executive Officer, George Reyes, Chief Financial Officer, Larry Page, founder and President Products, Sergey Brin, Founder and President Technology, Omid Kordestani Senior Vice President, Global Sales and Business Development and Jonathan Rosenberg, Vice President Market Management. This call is being web cast from our investor relations website.
Additionally, our press release issued a few moments ago is now posted on our website. A replay of this call will be available within a few hours. Some of the comments they will make today are forward looking including statements regarding our operational performance and margins, the prospects for growth in online advertising and our business, our continuing ability to grow and innovate, our expected traffic growth, the growth of patterns of our absence network and Google website, the potential for the services we develop to benefit our users and partners, the brand expansion of our international operations, our expected investments in our business, the nature of expected capital expenditures for 2006, our expense growth, our expected stock-based compensation expense, the expected dilution related to equity grants to employees, our future provision for income taxes and our effective tax rate, our planned investment in socially or economically progressive measures our expectations with our sector and mobile business, our strategic relationships including our planned acquisition of DMARC and our relationship with AOL and the rate of introduction of new products and services.
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