Earnings Call Excerpt
PortalPlayer Inc. (PLAY)
Q4 2005 Earnings Conference Call
January 26th 2006, 5:30 PM.
Executives:
Kristine Mozes, Investor Relations
Gary Johnson, Chief Executive Officer, President
Olav Carlsen, Chief Financial Officer
Analysts:
Randy Abrams, Credit Suisse First Boston
Peter Kirzres, CItigroup
Jason Pflaum, Thomas Weisel Partners
Quinn Bolton, Needham & Co.
Adam Benjamin, Jefferies & Co.
Daniel Ernst, Hudson Square Research
Craig Berger, Wedbush Morgan
Shawn Slayton, SG Cowen
Jason Paraschac, Kaufman Brothers
Presentation
Operator
Welcome to the PortalPlayer, Inc. fourth quarter and year-end 2005 earnings call. Operator Instructions At this time, for opening remarks and introductions I would like to turn the call over to Kristine Mozes, Investor Relations for PortalPlayer. Please go ahead, ma'am.
Kristine Mozes, Investor Relations
Thank you. And thank you for joining us today. In addition to this call being recalled by phone replay it's being broadcast live via the Investor Relations page of PortalPlayer's web site at www.PortalPlayer.com. Earlier today, we issued our earnings press release and filed it with the SEC. The press release is also available on PortalPlayer's web site. That press release contains certain non-GAAP financial measures, which we will discuss during today's call, together with the most directly comparable financial measures calculated in accordance with GAAP and reconciliations of the differences between these measures.
With me today is Gary Johnson, President and CEO of PortalPlayer, and Olav Carlsen, PortalPlayer's Chief Financial Officer. I will begin this call by reading our Safe Harbor statement. The statements on today's call, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements include, but are not limited to, statements as to our future plans and growth, development efforts, features, benefits and introductions of products and technology, entrance into new markets, our plans to hire additional resources, our and our customers' market positions, our revenue growth, including revenue from the Flash market and timing thereof, market trends and demands for high capacity players and anticipated growth of this market, market trends and demand for differentiated notebooks and anticipated growth of this market, availability of Microsoft Vista side show technology, market trends and demand for products with wireless connectivity and anticipated growth of this market, potential acquisitions, demands for our product and future financial results, GAAP, and non-GAAP, including revenue, net income, expenses, gross margins, ASPs, stock-based compensation charges, tax rates, cash flow, weighted average shares outstanding, and operating expenses included but not limited to future R&D spending and selling, general and administrative expenses.
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