Best Buy Company, Inc. http://www.alacrastore.com/company-snapshot/Best_Buy_Company_Inc-1002077 Thursday, July 24, 2008 3:24:25 PM 1002077 Best Buy Company, Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/ccbn/T1897054ccbn/T1897054norm... - Oppenheimer & Co. - AnalystGood morning. I'm Vivian Ma. Our next presenting company is Best Buy. Delighted to introduce our speakers. First, Ryan Robinson, Senior VP, CFO and Treasurer of the US for Best Buy and Michael Vitelli, Executive VP of Customer Operating Teams. Following the presentation, we will have a breakout in the Phillips room. If we have time left in here after the prepared remarks, we will take a few questions. And now I'll turn it over right now to Ryan. ... 7/9/2008 5:11:00 PMBest Buy Co., Inc.54.0000FinalBest Buy Co., Inc. at Oppenheimer & Co. Consumer Growth Conference incorporating the 17th Annual Gaming, Lodging & Leisure Conference TranscriptBBY10:15am ETTranscriptT1897054Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1750981ccbn/T1750981norm... - Best Buy Co., Inc. - Founder and Chairman Well, good morning, everyone. We'd like to welcome all of you to the Best Buy regular meeting of our shareholders. And as a reminder to the audience gathered, there are reporters present. And more are participating by our webcast. However, we do ask that all reporters refrain from asking questions during the shareholder's meeting. At this time, I'd like to call the meeting to order and I'd like to request that shareholders and guests together, who have not yet registered upon entering into in this meeting, return to the registration table to accommodate that registration. If you've not yet received copies of the agenda or the Rules of Conduct, please raise your hand and we'd be more than happy to bring you a copy of it. Also, if everyone in the room could please silence your cell phones or pagers for the benefit of all of us, we'd also appreciate that. Well I'm Dick Schulze, Founder and Chairman of Best Buy and, pursuant to the by-laws of our... 6/26/2008 1:11:00 PMBest Buy Co., Inc.54.0000FinalBest Buy Co., Inc. Annual Shareholder Meeting TranscriptBBY10:30am ETTranscriptT1750981Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/moodys/PR_157746_104225moodys/PR_157746_104225htmlGlobal Credit Research Rating Action ## JUN #### Rating Action: Best Buy Co., Inc. Moody's rates new Best Buy issue Baa# New York, June ##, #### -- Moody's Investors Service today assigned a Baa# rating to Best Buy, Inc.'s ("Best Buy")...6/21/2008 12:52:45 AMhtmlBest Buy Co., Inc.Best Buy Co., Inc.104225150.0000NewsRating ActionPR_157746_104225Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/424302_pr_framefitch/424302_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Best Buy Company, Inc.800900856/19/2008 6:20:00 PM010300000103030085Press ReleaseBBY424302_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/spcred/655082spcred/655082normThe latest News from S&Pglobal6/19/2008 3:43:00 PM100News655082United StatesComputer & Electronics RetailEurope, Middle East, AfricaUnited StatesGlobal IssuersCorporationsRetailNewsNEW YORK (Standard&Poor's) June 19, 2008--Standard&Poor's Rating Services said today it assigned its 'BBB' rating to Richfield, Minn.—based electronics retailer Best Buy Co. Inc.'s $500 million senior unsecured notes due in 2013. The notes are being issued under Role 144a with registration rights. Concurrently, Standard&Poor's affirmed its 'BBB' corporate credit rating on the company. The outlook is negative. Proceeds from the offering will be used to finance a portion of the $2.142 billion purchase price for a 50% interest in a joint venture with Carphone Warehouse's European and U.S. Retail Interests. The remainder of the purchase price will be paid using cash on hand and borrowings under its existing credit facility. "The negative outlookUSA08651625504020 255040 2550 25Best Buy Co. Inc.110170EUROMIDAFRUSABBYNEWSGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/655083spcred/655083normThe latest Research Update from S&Pglobal6/19/2008 3:43:00 PM175Research Update655083United StatesComputer & Electronics RetailEurope, Middle East, AfricaUnited StatesGlobal IssuersCorporationsRetailResearch UpdateOn June 19, 2008, Standard&Poor's Rating Services assigned its 'BBB' rating to Richfield, Minn.—based electronics retailer Best Buy Co. Inc.'s $500 million senior unsecured notes due in 2013. The notes are being issued under Rule 144a with registration rights. Concurrently, Standard&Poor's affirmed its 'BBB' corporate credit rating on the company. The outlook is negative. Proceeds from the offering will be used to finance a portion of the $2.142 billion purchase price for a 50% interest in a joint venture with Carphone Warehouse's European and U.S. Retail Interests. The remainder of the purchase price will be paid using cash on hand and borrowings under its existing credit facility. The ratings on Best Buy reflect the company's satisfactoryUSA08651625504020 255040 2550 25Best Buy Co. Inc.110170EUROMIDAFRUSABBYRESUPDGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/newstex/BW-0001-26103767newstex/BW-0001-26103767xml Jun. ##, #### (Business Wire) -- Fitch Ratings expects to assign a rating of 'BBB+' to Best Buy Co., Inc.'s (Best Buy) proposed $### million senior unsecured notes due ####. The proceeds from the offering will be used to finance a...04000000040090000400900104016000040160056/19/2008 3:06:34 PM18000000180090001802400018016000Business WireBW-0001-26103767BEST BUY CO INCBBYNewsNewstexhttp://www.alacrastore.com/storecontent/ccbn/T1876719ccbn/T1876719norm... - William Blair & Company - AnalystGood afternoon. I'm Jack Murphy, and I'd just like to get us started here on the last presentation of the day. I'm pleased to welcome Best Buy, the country's leading consumer electronics retailer. From Best Buy we have Jim Muehlbauer, the Chief Financial Officer, and Kevin Layden, COO of Best Buy International. There is not going to be a breakout following this presentation because the management needs to get to their flight, but we will have a little bit of an extended Q&A. So, everyone just stay here and we'll finish up the Q&A. So, before I turn things over, though, to the management of Best Buy, I just have to quickly remind you that the research disclosures, potential conflicts of interest are on our William Blair website. And so with that, I'd just like to turn it over to Jim and Kevin.... 6/18/2008 10:10:00 PMBest Buy Co., Inc.54.0000FinalBest Buy Co., Inc. at William Blair & Company Growth Stock Conference TranscriptBBY4:30pm CTTranscriptT1876719Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/B1871866ccbn/B1871866norm...#Q## marks ##nd consecutive qtr. with double-digit comparable store sales gains in notebooks; this is more than just products. ... 6/17/2008 1:10:00 PMBest Buy Co., Inc.54.0000EditedQ1 2009 Best Buy Co., Inc. Earnings Conference Call SummaryBBY9:00am CTBriefB1871866Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1871866ccbn/T1871866norm...Ladies and gentlemen, thank you for standing by, welcome to the Best Buy's conference call for the first quarter, fiscal ####. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. (OPERATOR INSTRUCTIONS). As a reminder, this call is being recorded for playback and will be available by ##:## p.m. Eastern time today. (OPERATOR INSTRUCTIONS). I would now like to turn the conference over to Jennifer Driscoll, Vice President of Investor Relations. Please go ahead. ... 6/17/2008 12:13:00 PMBest Buy Co., Inc.54.0000FinalQ1 2009 Best Buy Co., Inc. Earnings Conference Call TranscriptBBY9:00am CTTranscriptT1871866Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/653287spcred/653287normThe latest News from S&Pglobal6/10/2008 6:31:53 PM100News653287United StatesComputer & Electronics RetailEurope, Middle East, AfricaUnited StatesGlobal IssuersCorporationsRetailNewsNEW YORK (Standard&Poor's) June 10, 2008--Standard&Poor's Ratings Services said today it affirmed its ratings, including the 'BBB' corporate credit, on Richfield, Minn.-based Best Buy Co. Inc. Concurrently, we removed all the ratings from CreditWatch with negative implications, where they had been placed on May 8, 2008. The outlook is negative. "The affirmation of the ratings reflects our belief that the acquisition of a 50% interest in a joint venture with Carphone Warehouse's European and U.S. Retail Interests could provide strategic value to Best Buy's long-term growth," said Standard&Poor's credit analyst Diane Shand, "as it attempts to expand internationally and in the wireless connectivity market." We believe integration risk should be minimal as Best Buy'sUSA08651625504020 255040 2550 25Best Buy Co. Inc.110170EUROMIDAFRUSABBYNEWSGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/653288spcred/653288normThe latest Research Update from S&Pglobal6/10/2008 6:31:53 PM175Research Update653288United StatesComputer & Electronics RetailEurope, Middle East, AfricaUnited StatesGlobal IssuersCorporationsRetailResearch UpdateOn June 10, 2008, Standard&Poor's Ratings Services affirmed its ratings, including the 'BBB' corporate credit, on Richfield, Minn.-based Best Buy Co. Inc. Concurrently, we removed all the ratings from CreditWatch with negative implications, where they had been placed on May 8, 2008. The outlook is negative. The affirmation of the ratings reflects our belief that the acquisition of a 50% interest in a joint venture with Carphone Warehouse's European and U.S. Retail Interests could provide strategic value to Best Buy's long-term growth as it attempts to expand internationally and in the wireless connectivity market. We believe integration risk should be minimal as Best Buy's management team has been successful at adding products, services, and markets. We expect theUSA08651625504020 255040 2550 25Best Buy Co. Inc.110170EUROMIDAFRUSABBYRESUPDGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/386748_report_framefitch/386748_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Best Buy Company, Inc.800900855/16/2008 2:05:00 PM0103000001030300165Credit UpdateBBY386748_report_frameCredit & Investment ResearchFitchResearchUK - Best Buy Co Inc (BB) of the US agreed to acquire the retail business of Carphone Warehouse Group PLC (CP), a London-based retailer of mobile phones, for #.# bil British pounds ($#.# bil US), in a formation of a joint venture (JV). The transaction was subject to regulatory and shareholders' approvals, and was to include CP's economic interests in the Best Buy Mobile in the US, as well as the Geek Squad in the UK and Spain. The transaction was to exclude CP's UK fixed line operations, CP's share in Virgin Mobile France and its major freehold properties. Upon completion, BB was to own a ##% interest in the JV.5/9/2008 1:22:12 PM08651614466H08651614433VBest Buy Co IncCarphone Warehouse Group PLC- Retail BusinessBest Buy Co IncCarphone Warehouse Group PLChttp://www.alacrastore.com/storecontent/Thomson_M%26A/Best_Buy_Co_Inc_acquires_Carphone_Warehouse_Group_PLC_from_Carphone_Warehouse_Group_PLC-1975990040sdc/19759900401975990040Copyright © 2008, Thomson Financial, All Rights ReservedNew YorkRetail Trade-Home FurnishingsUnited StatesRadio, television, and consumer electronics stores5731MNMinnesotaPublicBBY5722:Household appliance stores5731:Radio, television, and consumer electronics stores5734:Computer and computer software stores5999:Retail stores, nec5722:Household appliance stores5731:Radio, television, and consumer electronics stores5734:Computer and computer software stores5999:Retail stores, necMiscellaneous Retail TradeUnited KingdomRetail stores, nec5999FFForeignSubsidiary755001Own,op ret storesRet mobile phonesCashCash OnlyAssets1009640001May 9 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.00000Best Buy Co Inc, located inRichfield, owns and operatesretail stores of consumerelectronics, home officeequipment, entertainmentsoftware and appliances. Thecompany was founded on 1966.Best Buy Co Inc, located in Richfield, owns and operatesretail stores of consumer electronics, home officeequipment, entertainment software and appliances. Thecompany was founded on 1966.Best Buy Co Inc, located in Richfield, owns and operates retail stores of consumer electronics, home office equipment, entertainment software and appliances. The company was founded on 1966.1.000002.000003.000004.000005.00000The retail business ofCarphone Warehouse Group PLC,located in nine Europeancountries, retails mobilephones.The retail business of Carphone Warehouse Group PLC, locatedin nine European countries, retails mobile phones.The retail business of Carphone Warehouse Group PLC, located in nine European countries, retails mobile phones.0.000000.000000.000000.00000YBritish Pound08 May 08Thu, 08 May 2008 00:00:00 ESTDate Announced: 05/08/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.000001100 British Pound1100.000000.000001100 British Pound1100.000000.000000.000000.000000.000001100.000001100 British Pound1.97300N1100.000000.000000.000000.000000.000000.000002170.410002170.410000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.00000UK - Best Buy Co Inc (BB) ofthe US agreed to acquire theretail business of CarphoneWarehouse Group PLC (CP), aLondon-based retailer ofmobile phones, for 1.1 bilBritish pounds ($2.1 bil US),in a formation of a jointventure (JV). The transactionwas subject to regulatory andshareholders' approvals, andwas to include CP's economicinterests in the Best BuyMobile in the US, as well asthe Geek Squad in the UK andSpain. The transaction was toexclude CP's UK fixed lineoperations, CP's share inVirgin Mobile France and itsmajor freehold properties.Upon completion, BB was to owna 50% interest in the JV.UK - Best Buy Co Inc (BB) of the US agreed to acquire the retail business of Carphone Warehouse Group PLC (CP), a London-based retailer of mobile phones, for 1.1 bil British pounds ($2.1 bil US), in a formation of a joint venture (JV). The transaction was subject to regulatory and shareholders' approvals, and was to include CP's economic interests in the Best Buy Mobile in the US, as well as the Geek Squad in the UK and Spain. The transaction was to exclude CP's UK fixed line operations, CP's share in Virgin Mobile France and its major freehold properties. Upon completion, BB was to own a 50% interest in the JV.UK - Best Buy Co Inc (BB) of the US agreed to acquire the retail business of CarphoneWarehouse Group PLC (CP), a London-based retailer of mobile phones, for 1.1 bil Britishpounds ($2.1 bil US), in a formation of a joint venture (JV). The transaction was subjectto regulatory and shareholders' approvals, and was to include CP's economic interests inthe Best Buy Mobile in the US, as well as the Geek Squad in the UK and Spain. Thetransaction was to exclude CP's UK fixed line operations, CP's share in Virgin MobileFrance and its major freehold properties. Upon completion, BB was to own a 50% interest inthe JV.UK - Best Buy Co Inc (BB) of the US agreed to acquire the retail business of Carphone Warehouse Group PLC (CP), a London-based retailer of mobile phones, for 1.1 bil British pounds ($2.1 bil US), in aformation of a joint venture (JV). The transaction was subject to regulatory and shareholders' approvals, and was to include CP's economic interests in the Best Buy Mobile in the US, as well as theGeek Squad in the UK and Spain. The transaction was to exclude CP's UK fixed line operations, CP's share in Virgin Mobile France and its major freehold properties. Upon completion, BB was to own a 50%interest in the JV.UK - Best Buy Co Inc (BB) of the US agreed to acquire the retail business of Carphone Warehouse Group PLC (CP), a London-based retailerof mobile phones, for 1.1 bil British pounds ($2.1 bil US), in a formation of a joint venture (JV). The transaction was subject toregulatory and shareholders' approvals, and was to include CP's economic interests in the Best Buy Mobile in the US, as well as the GeekSquad in the UK and Spain. The transaction was to exclude CP's UK fixed line operations, CP's share in Virgin Mobile France and its majorfreehold properties. Upon completion, BB was to own a 50% interest in the JV.$ 2,170.410 - Goldman Sachs & Co - Adv0.00000Goldman Sachs & Co1.00000Credit Suisse Group1.00000$ 2,170.410 - Credit Suisse Group - Adv0.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000004812:Radiotelephone communications5065:Electronic parts and equipment, nec5731:Radio, television, and consumer electronics stores5999:Retail stores, nec755001New YorkUnited States5731MinnesotaPublicBBY4812:Radiotelephone communications5065:Electronic parts and equipment, nec5731:Radio, television, and consumer electronics stores5999:Retail stores, nec130935003LondonUnited Kingdom5999ForeignPublicCPW2170.410001100.000002170.410001100.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/moodys/PR_154986_104225moodys/PR_154986_104225htmlGlobal Credit Research Announcement # MAY #### Announcement: Best Buy Co., Inc. Moody's affirms Best Buy's rating and outlook New York, May ##, #### -- Moody's Investors Service affirmed all ratings (senior unsecured at Baa#) of Best...5/9/2008 1:16:56 AMhtmlBest Buy Co., Inc.Best Buy Co., Inc.104225150.0000NewsAnnouncementPR_154986_104225Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/B1846328ccbn/B1846328norm...BBY reported to pay just under GBP#.#b for ##% share in the venture and estimates earnings dilution to be ##-##% over full-year. ... 5/8/2008 2:15:00 PMBest Buy Co., Inc.54.0000EditedBest Buy and The Carphone Warehouse to Create a New Company Conference Call SummaryBBY9:30am ETBriefB1846328Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1846328ccbn/T1846328norm...Good afternoon. I am Jennifer Driscoll from Best Buy Investor Relations. At the rear of the room is my counterpart, Peregrine Riviere. And to my right is our two executives. We're pleased to have you join us today as we announce the world-class Best Buy and world-class Carphone Warehouse coming together to create this new venture for European retailing. At my immediate right is Charles Dunstone, CEO of Carphone, and to right is Brad Anderson, CEO of Best Buy. And Charles would like to kick off our results. ... 5/8/2008 2:15:00 PMBest Buy Co., Inc.54.0000FinalBest Buy and The Carphone Warehouse to Create a New Company Conference Call TranscriptBBY9:30am ETTranscriptT1846328Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/647158spcred/647158normThe latest News from S&Pglobal5/8/2008 1:14:59 PM100News647158United StatesComputer & Electronics RetailEurope, Middle East, AfricaUnited StatesGlobal IssuersCorporationsRetailNewsNEW YORK (Standard&Poor's) May 8, 2008--Standard&Poor's Ratings Services said today it placed its ratings, including the 'BBB' corporate credit rating, on Richfield, Minn.-based consumer electronics retailer Best Buy Co. Inc. on CreditWatch with negative implications. The action follows the company's announcement that it is acquiring 50% of a joint venture that will own U.K.-based The Carphone Warehouse Group PLC's European and U.S. retail interest for $2.1 billion, or about 8x its share of Carphone's retail EBITDA. Carphone's fixed-line telecom business is not part of the transaction. Best Buy will be financing the acquisition through a combination of cash on hand, existing bank lines, and other new borrowings. "The transaction is transformational for Best Buy," said StandardUSA08651625504020 255040 2550 25Best Buy Co. Inc.110170EUROMIDAFRUSABBYNEWSGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/647159spcred/647159normThe latest Research Update from S&Pglobal5/8/2008 1:14:59 PM175Research Update647159United StatesComputer & Electronics RetailEurope, Middle East, AfricaUnited StatesGlobal IssuersCorporationsRetailResearch UpdateOn May 8, 2008, Standard&Poor's Ratings Services placed its ratings, including the 'BBB' corporate credit rating, on Richfield, Minn.-based consumer electronics retailer Best Buy Co. Inc. on CreditWatch with negative implications. The action follows the company's announcement that it is acquiring 50% of a joint venture that will own U.K.-based The Carphone Warehouse Group PLC's European and U.S. retail interest for $2.1 billion, or about 8x its share of Carphone's retail EBITDA. Carphone's fixed-line telecom business is not part of the transaction. Best Buy will be financing the acquisition through a combination of cash on hand, existing bank lines, and other new borrowings. We expect Best Buy to consolidate the financials of the new venture following the closeUSA08651625504020 255040 2550 25Best Buy Co. Inc.110170EUROMIDAFRUSABBYRESUPDGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/newstex/BW-0001-25119884newstex/BW-0001-25119884xml CHICAGO, May #, #### (Business Wire) -- Fitch Ratings has affirmed its ratings on Best Buy Co., Inc. (Best Buy) as follows: -- Issuer Default Rating (IDR) at 'BBB+'; -- Bank credit facility at 'BBB+'; -- Convertible subordinated...040000000400900004009001040070000400700504016000040160055/8/2008 11:06:46 AM18000000180090001802400018016000190000001900200019002007Business WireBW-0001-25119884BEST BUY CO INCBBYNewsNewstex