Earnings Call Excerpt
Here’s the entire text of the prepared remarks from Sina’s (ticker: SINA) Q3 2005 conference call. The Q&A is here. We recognize that this transcript may contain inaccuracies - if you find any, please post a comment below and we’ll incorporate your corrections. And please note: this conference call transcript is a Seeking Alpha product, so feel free to link to it but reproduction is not permitted without the explicit permission of Seeking Alpha.
Executives:
Chen Fu, IR Manager
Wang Yan, Chief Executive Officer
Charles Chao, President and Chief Financial Officer
Hurst Lin, Chief Operating Officer
Analysts:Lu Sun, Lehman Brothers, Analyst
Richard Ji, Morgan Stanley, Analyst
Frank Shi, CLSA, Analyst
Jason Tsai, Think Equity Partners, Analyst
Safa Rashtchy, Piper Jaffray, Analyst
Dick Wei, JP Morgan, Analyst
PresentationOperator
Good day, ladies and gentlemen. Welcome to the Sina Third Quarter 2005 Earnings Conference Call. At this time, all participants are in a listen-only mode. We will, however, be facilitating a question and answer session towards the end of the conference.
I would now like to turn the presentation over to your host for today's conference, Ms. Chen Fu, Investor Relations Manager. Please go ahead, ma'am.
Chen Fu, Investor Relations Manager
Thank you. Good morning. Welcome to Sina's earnings release for the third quarter 2005. Joining me today are CEO Wang Yan, our President and CFO, Charles Chao, and our COO, Hurst Lin.
This conference call is also being broadcast on the Internet and is available through the Investor Relations section of the Sina Website.
Before the management presentation, I would like to read you the Safe Harbor statement in connection with today's conference call. During the course of this conference call, we may make forward-looking statements, statements that are not historical fact, including statements about our beliefs and expectations. Forward-looking statements involve certain risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.
Potential risks and uncertainties include, but are not limited to, Sina's historical losses, its limited operating history, the uncertain regulatory landscape in the People's Republic of China, the effect of the notice issued by the Chinese State Administration of Radio, Film and Television in late January 2005, on the Company's revenues from usage-based SMS products promoted via direct advertisement on radio and television, the Company's ability to develop and market other usage-based SMS products, fluctuations in quarterly operating results, the Company's reliance on mobile value-added services and online advertising sales for the majority of its revenues, the Company's reliance on mobile operators in China to provide mobile value-added services, the change in January 2005 by China Mobile to its billing process for undelivered MMS services and the effect of those changes on the Company's MMS revenues, the migration by China Mobile of MMS onto MISC platforms and the effect of such migration on the Company's MMS revenues, any failure to successfully develop and introduce new products, and failure to successfully integrate acquired businesses.
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