Google Inc. Q4 2008 Earnings Call Transcript

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2009-01-22 18:48:11.0

Tags: Google Inc., Call, Call Transcript, Earnings, Investor Relations, Financial Accounting, Finance, Seeking Alpha

Earnings Call Excerpt

Google Inc. (GOOG)

Q4 2008 Earnings Call

January 22, 2009 4:30 pm ET

Executives

Krista Bessinger - Director of IR

Eric Schmidt - Chairman and CEO

Patrick Pichette - SVP and CFO

Jonathan Rosenberg - SVP, Product Management

Omid Kordestani - SVP of Global Sales & Business Development

Analysts

Ben Schachter - UBS

Imran Khan - JPMorgan

Justin Post - Merrill Lynch

Spencer Wang - Credit Suisse

Mark Mahaney - Citigroup

James Mitchell - Goldman Sachs

Doug Anmuth - Barclays Capital

Christa Quarles - Thomas Weisel Partners

Heath Terry - FBR Capital Markets

Presentation

Operator

Good day and welcome everyone to the Google Inc. Conference Call. This call is being recorded.

At this time, I would like to turn the call over to Ms. Krista Bessinger, Director of Investor Relations. Please go ahead, ma'am.

Krista Bessinger

Good afternoon, everyone, and welcome to today's fourth quarter 2008 Earnings Call.

With us are Eric Schmidt, Chief Executive Officer joining from New York; Patrick Pichette, Chief Financial Officer; and Jonathan Rosenberg, Senior Vice President of Products Management, both joining from Mountain View; and Omid Kordestani, Senior Vice President of Global Sales and Operations is joining from London. Eric, Patrick and Jonathan will provide us with the results on the quarter, and then Omid will join us for Q&A.

Please note that this call is being webcast from our Investor Relations website located at investor.google.com. Please refer to our website for important information, including our earnings press release issued a few minutes ago, along with slides that accompany today's prepared remarks.

A replay of this call will also be available on our website in a few hours. Please note that we routinely post important information on our Investor Relations website, located at investor.google.com, and we encourage you to make use of that resource.

In addition, please note that we're moving to a two-call structure this quarter. First, we will host our traditional strategic overview and Q&A with the usual format, followed by a second call which is effectively an extended Q&A session giving the opportunity for participants to ask more detailed financial and products questions in an efficient and regulatory compliant manner. The second call will begin at 3 PM Pacific and will also be webcast from our Investor Relations website.

Now, let me quickly cover the Safe Harbor. Some of the statements we make today may be considered forward-looking, including statements regarding investments in our core business, expected performance of aspects of our business, profit acquisition costs, operational efficiency in costs, our expected level of capital expenditures, and our proposed option exchange program, including the expected resulting modification charge. These statements involve a number of risks and uncertainties that could cause actual results to differ materially.

 

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