International Game Technology F4Q09 (QTR End 09/30/09) Earnings Call Transcript

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2009-11-05 20:09:07.0

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Question-and-Answer Session

Operator

(Operator Instructions) Your first question comes from Steven Wieczynski – Stifel Nicolaus & Company, Inc.

Steven Wieczynski – Stifel Nicolaus & Company, Inc.

Pat, could you first of all breakdown the other income line for me?

Patrick W. Cavanaugh

Sure. Interest income was $15.6, interest expense $36.8 and other was $13.6 of expense which was largely the investment write down.

Steven Wieczynski – Stifel Nicolaus & Company, Inc.

You probably said this but I just missed it because there were a lot of numbers thrown out there but, of the units you actually recognized domestically, the 4,200 units, how much of those were replacement?

Patrick W. Cavanaugh

The majority were, I want to say 1,300 plus.

Patti S. Hart

3,800.

Richard J. Schneider

3,800 of 4,200 were replacement units.

Patti S. Hart

Yes.

Steven Wieczynski – Stifel Nicolaus & Company, Inc.

Then I guess for Patti in terms of going to G2E in terms of your conversations you had with your customers, what has been the feedback I guess specifically on the products you’ll be presenting but more specifically on the video platform side?

Patti S. Hart

We’ve been conducting some pre G2E meetings with customers over the last several weeks as I’m sure you’re aware. I would say the feedback generally speaking has been very positive. I think they see us exercising the MLD technology more than they have before. I think the volume of games in general that we’re presenting to the marketplace, the balance between our game op products and our for sale products, a better balance and I think particularly on the video slot side I think just more aggressive play and application of all of the elements of the game, the map, the theme, the art, the sound. I would say we got really high marks on these rounds with customers, now it’s time to place the orders.

Steven Wieczynski – Stifel Nicolaus & Company, Inc.

Last question if I could, just in terms of the guidance, I assume that incorporates no new jurisdiction, is that correct?

Patti S. Hart

That’s exactly right. I think we’re keeping our eye very close as I am sure you all are on a number of places including Illinois, Ohio, the Italian markets. We’ve not assumed revenue from new jurisdictions in our guidance.

Richard J. Schneider

On the replacement side, the bottom end of that guidance assumes a replacement environment relatively consistent with 2009 overall and the upper end assumes a replacement environment relatively consistent solely with our fiscal Q4.

 

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