Earnings Call Excerpt
Taiwan Semiconductor TSMC (TSM)
Q4 2005 Earnings Conference Call
January 26th 2006, 8:00 AM.
Executives:
Elizabeth Sun, Head of Investor Relations
Lora Ho, Vice President, Chief Financial Officer
Rick Tsai, Chief Executive Officer, President
Analysts:
Bhavin Shah, JP Morgan
Timothy Arcuri, Citigroup.
Ivan Goh, Dresdner Kleinwort Wasserstein.
Sunil Gupta, Morgan Stanley.
Andrew Biggs, Susquehanna International Group.
Fayad Abbasi, Neuberger Berman.
Robert Maire, Needham & Co.
Mehdi Hosseini, Friedman, Billings, Ramsey.
Michael McConnell, Pacific Crest Securities.
Shekhar Pramanick, Moors & Cabot.
Mark FitzGerald, Banc of America Securities.
Steven Pelayo, Soleil Securities.
Matt Gable, George Weiss Associates.
Pranab Sarmah, Daiwa Institute of Research.
Presentation
Operator
Welcome to TSMC's fourth quarter 2005 results webcast conference call. Today's event is chaired by Ms. Lora Ho, Chief Financial Officer and Vice President, and Dr. Rick Tsai, Chief Executive Officer and President. This conference call is being webcast live via the TSMC website at www.tsmc.com, and only in audio mode. Your dial-in lines are also in listen-only mode. At the conclusion of the management presentation, we will be opening the floor for questions. At that time, further instructions will be provided as to the procedure to follow if you would like to ask any questions.
Please be advised for those participants who do not yet have a copy of the press release, you may download it from TSMC's website at www.tsmc.com. Please also download the summary slides in relation to today's quarterly review presentation. Once again, the URL is www.tsmc.com.
I would now like to turn the conference over to Dr. Elizabeth Sun, TSMC's Head of Investor Relations, for the cautionary statement before the main presentation by Ms. Ho and Dr. Tsai.
Elizabeth Sun, Head of IR
Good morning and good evening to all participants. This is Elizabeth Sun. Before we begin, I would like to state that the management's comments about TSMC's current expectations made during this conference call are forward-looking statements subject to significant risks and uncertainties, and that actual results may differ materially from those contained in the forward-looking statements.
The information as to those factors that could cause actual results to differ materially from TSMC's forward-looking statements may be found in TSMC's annual report on Form 20-F, filed with the United States Securities and Exchange Commission on May 16, 2005, TSMC's registration statement on form F-3, filed with the SEC on July 5, 2005, and such other documents as TSMC may file with or submit to the SEC from time to time.
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