Thomson StreetEvents

...Operator Good morning and welcome, ladies and gentlemen, to the Broder Brothers Co. third quarter #### conference call. At this time, I would like to inform you that this conference is being recorded and that all participants are in a listen-only mode. At the request of the Company, we will open the conference up for questions and answers after the presentation. This earnings conference may contain forward-looking statements, including statements about the Company's business outlook, strategy, plans, goals, objectives, expectations and historical results that may (inaudible) business. These statements reflect management's expectations, estimates and assumptions based on information available at the time of the statement. Forward-looking statements are not guarantees of future performance. Actual results could differ materially from those expressed or implied by such forward-looking statements. The following factors among others could cause actual results to differ from those set forth in...

...Operator Good day everyone and welcome to this PC Connection third-quarter #### conference call. Today's call is being recorded. At this time I would like to turn the conference over to the Senior Vice President of Finance and Corporate Controller, Mr. Steve Baldridge. Please go ahead sir. Steve Baldridge - PC Connection, Inc. - SVP Finance, Corporate Controller Thank you. And good morning everyone. This is Steve Baldridge, Senior VP of Finance and Corporate Controller. Patricia Gallup, Chairman and CEO; Jack Ferguson, Executive Vice President and CFO; and Tim McGrath, Executive Vice President PC Connection Enterprises, are also here with us today. We are pleased to have you join us today for PC connection's #### third-quarter conference call. If you haven't already seen our press release, you can contact Janice Rush, at ###-###-#### and she will fax or e-mail a copy to you immediately. You can also view it on our website. Today's call is also being webcast and will be available from PC...

...Kevin Crutchfield - Alpha Natural Resources, Inc. - CEO Thank you very much. I guess it is getting to be late on in the day, and I appreciate everybody hanging around to hear about Alpha. Thanks also to Davenport for having us. I think this is our first really official conference where we have been out, following the merger; and it is a pleasure to be able to get out and mingle with our shareholders. Get myself oriented here. Dispense with the obligatory forward-looking statements. I may make some today. In fact, it is probably highly likely that I will. Today's presentation ought to be pretty straightforward. What I would like to do is talk initially about the domestic markets for steam and thermal coal as well as metallurgical coal. Then I would like to give you a little bit of an overview of what is going on with Alpha, how the merger is going, how we are positioned as a Company going forward. Then I will wrap up with a summary of goals that we laid out back in March, to give you a sense...

...Jeff Hayden Rodman & Renshaw - Analyst Richard Rossi Wunderlich Securities - Analyst Eric Johnson Silver Lake - Analyst...

...Craig Macnab National Retail Properties, Inc. - CEO Kevin Habicht National Retail Properties, Inc. - CFO...

...Dean Hirasawa Globalstar, Inc. - Director of Public & IR Peter Dalton Globalstar, Inc. - CEO Fuad Ahmad Globalstar, Inc. - Senior VP & CFO Tony Navarro Globalstar, Inc. - President of Global Operations...

...James Kim Hynix Semiconductor - VP of IR Min Cheol Kim Hynix Semiconductor - SVP and CFO Jon Woh Kim Hynix Semiconductor - Head of Main Memory and Graphic Marketing Group Howard Cho Hynix Semiconductor - Head of Flash and SSD Marketing...

...Klaus Madsen Handelsbanken - Analyst Niels Leth SEB Enskilda - Analyst Kristian Marthedal Nordea Markets - Analyst Ed Ridley-Day Barclays Capital - Analyst Hans Bostrom Goldman Sachs - Analyst Yi-Dan Wang Deutsche Bank - Analyst Martin Parkhoi Danske Bank - Analyst...

...Adam Thalhimer BB&T Capital Markets - Analyst Fred Buonocore CJS Securities - Analyst Steve Dyer Craig-Hallum Capital Group - Analyst David Yuschak SMH Capital Inc. - Analyst Trey Grooms Stephens Inc. - Analyst Will Gabrielski Broadpoint AmTech - Analyst Alex Rygiel Friedman, Billings, Ramsey Group, Inc. - Analyst John Rogers D.A. Davidson & Co. - Analyst...

...Randall Riley Citizens - VP of IR & VP of PR Josh Arnold Citizens - VP and Investment Officer Rick Riley Citizens - Vice Chairman and President Kay Osborne Citizens - CFO...

...Marcos Severine Itau Corretora - Analyst Maria Carolina Carneiro Santander - Analyst Pedro Manfredini JPMorgan - Analyst Felipe Leal Merrill Lynch - Analyst Sergio Conti Barclays - Analyst Eduardo Figueredo - Analyst David Descalzi Raymond James - Analyst Pedro Mendes BTG Pactual - Analyst Mariana Coelho Itau Corretora - Analyst...

...Giovanni Sardagna Tenaris - Director - IR Guillermo Vogel Tenaris - VP - Finance German Cura Tenaris - Managing Director - North America Alejandro Lammertyn Tenaris - Commercial Director Ricardo Soler Tenaris - CFO...

...Peter Wortel Aercap Holdings N.V. - VP Investor Relations Klaus Heinemann Aercap Holdings N.V. - CEO Keith Helming Aercap Holdings N.V. - CFO...

...Henning C. Steffenrud Handelsbanken Capital Markets - Analyst Thomas Lorck Arctic Securities - Analyst Sjur Malm SEB Enskilda - Analyst...

...Kimberly Huckaba Natural Gas Services Group, Inc. - IR Steve Taylor Natural Gas Services Group, Inc. - President, Chairman and CEO...

...Nathan Anderson Fushi Copperweld - VP, IR Fu Li Fushi Copperweld - Chairman and CEO Joe Longever Fushi Copperweld - Chief Commercial Officer Linda Zhang Fushi Copperweld - CFO Chris Wang Fushi Copperweld - President...

...Carolyn Weisbrod Neurogen - Controller Steve Davis Neurogen - President and CEO Ken Sprenger Neurogen - SVP of Clinical Development Tom Pitler Neurogen - Chief Business and Financial Officer...

...Laurie Doyle Agennix AG - Director, IR & Corporate Communications Friedrich von Bohlen Agennix AG - CEO Torsten Hombeck Agennix AG - CFO Rajesh Malik Agennix AG - Chief Medical Officer...

...Rob Jacobi Credit Suisse - Analyst Henry Reukauf Deutsche Bank - Analyst Brendan Strong Barclays Capital - Analyst Frank Morgan RBC Capital Markets - Analyst Michael Boam BlueBay Asset Management - Analyst AJ Rice Solay Securities - Analyst Darren Lehrich Deutsche Bank - Analyst Kent Oliver Avondale Partners - Analyst Duncan Brown Wells Fargo Securities - Analyst...

...Alvaro Correa Credicorp Ltd. - CFO Walter Bayly Credicorp Ltd. - COO Guillermo Garrido Lecca Pacifico Seguros - Co-CEO...

...Rupert Merer National Bank Financial - Analyst Kevin Lo First Energy - Analyst Sara Elford Canaccord Adams - Analyst Jeff Fetterly CIBC World Markets - Analyst...

...Unidentified Participant I'm the senior analyst covering the data networking and storage market. With me today is John McAdam, CEO of F#, and Cooper Werner, VP of Finance. I'm going to kick it off -- so, I'll have John actually just give a brief intro, and then I'm going to kick it off with a few questions. We certainly have a lot to get through. We've got ## minutes. They just announced record quarterly results and also had their Analyst Day earlier this week. So, with that, John, why don't you just give a brief overview for people that don't know who F# is --? John McAdam - F# Networks - CEO Yes. Unidentified Participant And we'll jump into Q&A. John McAdam - F# Networks - CEO Yes, and I'll make it incredibly brief. We did do an Analyst Day this week in New York. And we actually made the decision to give a lot of information about the Company. And I'm not sure how you access it and so on, but it's available. Unidentified Participant Go to our webpage. John McAdam - F# Networks - CEO Yes....

...Carol Ruth The Ruth Group - IR Joe Capper Home Diagnostics, Inc. - President, CEO and Director Ron Rubin Home Diagnostics, Inc. - SVP and CFO Scott Verner Home Diagnostics, Inc. - SVP, Sales and Marketing...

...Matthias Pfeifenberger Deutsche Bank - Analyst Nicolas Godet Exane BNP Paribas - Analyst Tim Cahill Davy Stockbrokers - Analyst Levon Babalyan Cheuvreux - Analyst Aynsley Lammin Citi - Analyst Mark Stockdale UBS - Analyst Mark Hake Bank of America - Analyst Will Jones RBS - Analyst Nittan Diaz - Analyst John Messenger RBS - Analyst Laurie Methis Goldman Sachs - Analyst Robert Muir Morgan Stanley - Analyst...

...Didier Filion Cascades Inc. - Director of IR Alain Lemaire Cascades Inc. - President and CEO Christian Dube Cascades Inc. - VP and CFO Marc-Andre Depin Norampac - President and CEO Mario Plourde Cascades Inc. - President of the Specialty Products Group Suzanne Blanchet Cascades Inc. - President and CEO of Tissue Group...

...Enrico Bondi Parmalat SpA - CEO Antonio Vanoli Parmalat SpA - General Manager Pierluigi De Angelis Parmalat SpA - CFO Nicola Palmieri Parmalat SpA - Legal Affairs Group Director...

...Bill Moffitt Nanosphere, Inc. - CEO Michael McGarrity Nanosphere, Inc. - Chief Marketing Officer Roger Moody Nanosphere, Inc. - CFO...

...Frank Buressi Stifel Nicolaus - Analyst Michael Berman - Analyst Richard Nesbit - Private Investor George Hare - Private Investor Joel Siegel - Private Investor Randall Moyer Long-run Investments - Analyst...

...Unidentified Participant Good afternoon. I would like to introduce Michael Geltzeiler, CFO of NYSE Euronext. NYSE Euronext with over $# billion in market cap is the largest US cash equities exchange. The Company also runs two US options exchanges as well as four European cash equity exchanges and a European futures and options business. This past year, NYSE Euronext has had significant success delivering on promised synergies from the acquisition of Euronext and especially AMEX. The Company is also positioning itself as a leading third-party provider of exchange technology and moving to clearing services. Please welcome CFO, Michael Geltzeiler. Michael Geltzeiler - NYSE Euronext - CFO Thank you, good afternoon. I'm pleased to be here today to share our story and to show you about our progress against our strategic initiatives. NYSE Euronext is a multi-asset exchange operator. We believe we are well positioned for today's marketplace. This slide shows you some of our core assets or differentiators;...

...Operator Hello. This is the Chorus Call operator. Welcome to the ThermoGenesis fiscal year #### first quarter results conference call. (Operator Instructions) For your information, this conference is being recorded. I would like to turn the conference over to Matt Plavan, Chief Operating and Financial Officer. Mr. Plavan. Matt Plavan - ThermoGenesis - COO, CFO Thank you and good afternoon, everyone. With me today is Mel Engle, the Company's Chief Executive Officer who will begin today's call with an update on key events during the quarter. I'll follow with a review of operational highlights and our financial results for the quarter, and then an update on our outlook for the balance of fiscal ####. Before I turn the call over to Mel however, I've got to kind of run through the standard Safe Harbor language. And let me do that quickly here. The statements made during this conference call are not historical facts, and are forward-looking statements. They're subject to risks and uncertainties...

...Unidentified Speaker - Lazard Capital Markets - Analyst We have Eric Brandt today, the CFO and SVP of Broadcom, and Peter Andrew, the VP of Corporate Communications. So I'm sure most of you know what Broadcom does, so we're going to just dive into a number of leading questions, and then we'll take Q and A from the audience. So I think there's--I guess from week to week there's been a lot of noise and kind of confusion about where the end market demand stands right now. Broadcom's obviously one of the leading semiconductor companies. Can you give us kind of what your view of kind of the end market and maybe consumer, enterprise, industrial--what you're seeing a bit in terms of the market? Eric Brandt - Broadcom - SVP and CFO Yes. I think that on the consumer side much of the consumer buy is pretty much done from our perspective. I mean, a lot of what goes into consumer products we have to ship in Q# for the box to be made or the device to be made, and make it to the store shelves by the...

...Unidentified Participant All right. Just to conclude for the day, we have with us from Republic Services Ed Lang, who's the Senior Vice President and Treasurer. He'll be our last actual presentation on the waste services companies today. And with that, I'm going to turn it over to Ed to walk us through the Republic story, and then we'll open it up for some questions. Ed Lang - Republic Services - Senior VP and Treasurer Okay, good. Thanks a lot, Rick. Obviously glad to have Rick on board as getting sell-side coverage here at Goldman. I think it's important for the industry to have such broad-based coverage, and look forward to working with you in the future. What I have here is our, obviously, standard equity presentation, although this is going to be more of kind of a Q&A dialogue, so I'll just kind of quickly walk through this, and then we'll leave plenty of time towards the end for questions that you might have about Republic or the solid waste industry in general. Having a little technical...

...Bert Powell BMO Capital Markets - Analyst Anthony Zicha Scotia Capital - Analyst Sarah Hughes Cormark Securities - Analyst Neal Goldman Goldman Capital Management - Analyst Sarah O'Brien RBC Capital - Analyst Bill MacKenzie TD Newcrest - Analyst Gregory Jackson Raymond James - Analyst Richard Stoneman Dundee Securities - Analyst Benoit Caron National Bank - Analyst...

...Unidentified Speaker - Lazard Capital Markets - Analyst I'm going to let Robyn kick it off with a brief intro, and then we'll--I'll go into some questions and we'll open up to Q&A. So with that--. Robyn Denholm - Juniper Networks - EVP & CFO Thank you. Good afternoon, everyone. Last week we had--actually, the last couple of weeks were pretty exciting from our perspective. We had our Q# earnings two weeks ago and announced some pretty good results - #% up sequentially in revenue and about ##% improvement in terms of the EPS on the--from the prior quarter. We also last week had a series--a launch event in New York. We actually moved our listing to the NYSE. We also announced a new brand and we announced a series of new products. And also, from our perspective announced what we think is the network of the future, the next decade of what's going to happen in networking. And we talked about expanding our ecosystem from a partner perspective, particularly around the development of applications...

...Lasan Johong RBC Capital Markets - Analyst Amit Thakur Bank of America/Merrill Lynch - Analyst Jeff Bronchick RCB Investment Management - Analyst Brian Russo Ladenburg Thalmann & Company Inc. - Analyst Gregg Orrill Barclays Capital - Analyst Michael Hussey Mid Continent Capital - Analyst Douglas Clifford Omega - Analyst Leslie Rich Columbia Management - Analyst Neil Stein Levin Capital Strategies - Analyst...

...Jonathan Allen RBC Capital Markets - Analyst Greg MacDonald National Bank Financial - Analyst Vince Valentini TD Newcrest - Analyst Glen Campbell Bank of America - Analyst Dvai Ghose Genuity Capital Markets - Analyst Peter Rhamey BMO Capital Markets - Analyst Jeffrey Fan Scotia Capital - Analyst Simon Flannery Morgan Stanley - Analyst...

...Leo Mariani RBC Capital Markets - Analyst Jeff Hayden Rodman & Renshaw - Analyst Mike Scialla Thomas Weisel Partners - Analyst Derrick Whitfield Cannacord Adams - Analyst Richard Rossi Wunderlich Securities - Analyst Don Chris Johnson Rice - Analyst Ray Deacon Pritchard Capital - Analyst Brian Lively Tudor, Pickering & Holt - Analyst Marshall Carver Capital One Southcoast - Analyst Jack Aydin Key Banc Capital - Analyst...

...Ulrich Wallin Hannover Re - Chairman - Executive Board Roland Vogel Hannover Re - CFO Wolf Becke Hannover Re - CEO - Hannover Life Re...

...Brinlea Johnson The Blueshirt Group - IR T. Robert MacLean Points International Ltd. - CEO Anthony Lam Points International Ltd. - CFO Christopher Barnard Points International Ltd. - President...

...Unidentified Participant But, without further ado, it's my great pleasure to welcome Charlie Scharf to the BAB. Charlie Scharf - JP Morgan - CEO, Retail Financial Services Thank you, [Tom], and thank you, everyone. I will hopefully bring a little balance to the conversation about some of the good that's out there and some of the less good, but I'll try and talk about where we stand. I'm going to start on page number two, if we forward to there, just to talk a little bit for a second about the results of RFS. And you can see on this page, we've broken it out between retail banking, which is both consumer and small business banking, and consumer lending, which is what we report publicly. And here, I've just tried to break out consumer lending into mortgage banking, the auto and student loan business, and the home lending business. So, you can see the real dichotomy that we're dealing with, which is we obviously have very strong performance in our banking segment, as well as in the auto and...

...Robert Uhl Halozyme Therapeutics, Inc. - Senior Director IR Jonathan Lim Halozyme Therapeutics, Inc. - President, CEO Kurt Gustafson Halozyme Therapeutics, Inc. - VP Finance Greg Frost Halozyme Therapeutics, Inc. - VP, Chief Scientific Officer...

...Sheena McKellar AltaGas Income Trust - IR David Cornhill AltaGas Income Trust - Chairman, CEO Debbie Stein AltaGas Income Trust - VP - Finance, CFO Richard Alexander AltaGas Income Trust - President, COO...

...George Bernstein Nobel Learning Communities - President, CEO Tom Frank Nobel Learning Communities - SVP, CFO Lee Bohs Nobel Learning Communities - SVP Corporate Development...

...Amanda Cuthbertson American Capital Ltd. - IR Malon Wilkus American Capital Ltd. - Chairman, CEO John Erickson American Capital Ltd. - President, Structured Finance, CFO Sam Flax American Capital Ltd. - EVP and General Counsel...

...Whitney Finch Walter Investment Management Corp. - IR Director Mark O'Brien Walter Investment Management Corp. - Chairman, CEO Kim Perez Walter Investment Management Corp. - EVP, CFO Charles Cauthen Walter Investment Management Corp. - President, COO...

...Michael Earley Metropolitan Health Networks - Chairman, CEO Roberto Palenzuela Metropolitan Health Networks - General Counsel Bob Sabo Metropolitan Health Networks - CFO Jose Guethon Metropolitan Health Networks - President, COO...

...Lennox Gibbs TD Securities - Analyst Neil Maruoka Canaccord Adams - Analyst Maga Fee Dundee Capital Markets - Analyst Doug Miehm RBC Capital Markets - Analyst...

...Erica Pettit FD - IR Bruce Crain Kid Brands, Inc. - President And CEO Guy Paglinco Kid Brands, Inc. - Chief Financial Officer...

...Joe Fortunato GNC Corporation - President, CEO Mike Nuzzo GNC Corporation - CFO Beth Kaplan GNC Corporation - Chief Marketing Officer...

...Operator Good afternoon, and welcome to Accelrys' Second Quarter Fiscal #### Conference Call. Speaking today will be Max Carnecchia, Accelrys' President and Chief Financial-- Executive Officer, and Rick Russo, Accelrys' Chief Financial Officer. Before they begin, I would like to remind you that the following discussion, including the Company's responses to questions at the end of the formal remarks, contains forward-looking statements relating to the Company's projections, expectations, or predictions of the future. These statements include projections or expectations regarding the Company's future financial results such as future order intake, revenues, and operating income. Our actual future order intake revenue or income results may differ from these financial projections and expectations due to a number of factors including -- macroeconomic conditions; lack of demand for our product; inability to timely complete and recognize revenue from the Company's services engagements; and other...

...Joseph Stegmayer Cavco Industries, Inc. - Chairman, President, CEO Dan Urness Cavco Industries, Inc. - CFO...

...Brian Hoyt Barney Harford Marsha Williams Ingrid Chung Bridget Weishaar Mark Mahaney Doug Anmuth Michael Millman George Askew Steve Weinstein...

...Unidentified Participant Our next presenter is Wells Fargo. With us is John Stumpf, President and CEO. John's been in the business for ## years, dating all the way back to Norwest. He has seen a number of cycles, a number of changes in the industry, and he is here to give us his impressions on that and tell us which way the stagecoach is headed. Also with us, as everyone knows, Jim Rowe. Thanks, John. John Stumpf - Wells Fargo & Company - President & CEO Thank you and good morning. I think, Jim, you need this. Geez, it's so quiet. Well, good morning. It's a pleasure to be here. I got in late last night. I came in in a tux, because I actually came from New York. I had a big event there, and a couple of you saw me and said you didn't need to be that formal, John. You could just wear a tie. So I tried to dress down today to make it appropriate. But it is a pleasure to be here, a pleasure to spend time with all of you. And I am so proud to talk about our company and our business. In this presentation...

...Bob Jarvis Bronco Drilling Company, Inc. - Investor Relations and Marketing Manager Frank Harrison Bronco Drilling Company, Inc. - Chairman and CEO Zach Graves Bronco Drilling Company, Inc. - CFO...

...Unidentified Participant Our next presenters are from M&T Bank in -- out of Buffalo. M&T has the distinction of being the only large-cap bank -- U.S. bank not to either cut its dividend or raise capital in this cycle. With us today are the Chief Financial Officer, Rene Jones, and representatives from investor relations, Don MacLeod and [Julie Mooney]. So with that, I'll turn it over to Rene. Rene Jones - M&T Bank Corporation - EVP, CFO Thanks, [John]. Good afternoon, everyone. It's a -- I think, as I say each time I come here, this is my favorite conference because I'm from Massachusetts, so it gives me a chance to come home, but it's also nice to kind of see everybody from different places all at once and we don't get too many opportunities to do that. I've got a fair amount on the slides, a number of things you've seen before. I'm going to go through it, but I'm going to try to move kind of quickly to give you a chance to ask questions about what you're focused on. You know, you see,...

...Youssef Squali Jefferies & Company - Analyst Joe Altobello Oppenheimer & Company - Analyst Mark May Needham & Company - Analyst Liz Pierce Roth Capital Partners - Analyst...

...Eric Mueller Deutsche Borse AG - IR Reto Francioni Deutsche Borse AG - CEO, Chairman of the Executive Board Gregor Pottmeyer Deutsche Borse AG - CFO...

...Amy Zhang - Goldman Sachs - Analyst Good morning, everyone. My name is Amy Zhang. I'm on the chemicals team from Goldman Sachs Equity Research. It's my real pleasure today to introduce the management team of DuPont. As many of you know, DuPont is one of the dominant players in a whole host of areas, including agriculture, science, coatings, electronics, performance materials, and safety. As a market-driven science company, DuPont has strength and market leadership for quite a long time in all of these areas. Today -- speaking today is Ellen Kullman, DuPont's Chairman and CEO. In the past year, Ellen has implemented several fundamental changes across the Company. And many of her efforts have yielded very positive results, positioning DuPont for a very strong earnings recovery in coming years. With Ellen today, we also have Karen Fletcher, who heads up DuPont's IR efforts. With that, let me turn it over to Ellen and you can hear more about DuPont. Ellen Kullman - DuPont - Chairman, CEO Thank...

...David Steiner - Waste Management, Inc. - CEO (Audio in Progress)-- it really hasn't changed, and that is that we are going to primarily focus on raising prices again. You see the great leverage that we get out of our pricing program. As the volumes start to come back, that leverage will start to drop straight to our bottom line. Then we are going to continue to reduce costs. Bob is going to talk a lot about what we have done during the course of the year in flexing down our costs. That will be something we will always do, so pricing and operational excellence are with us forever. And the other thing that's going to be with us for as long as I can see out in the future is our capital allocation program. In the past, we've said we're going to take the free cash that we generate every year, which is substantial and very predictable, we are going to take that free cash. We're going to pay a dividend, and so our dividend yield has been running in a #.#% to #% range during the course of this...

...Lorenzo Donadeo Vermilion Energy Trust - President and CEO Curtis Hicks Vermilion Energy Trust - EVP and CFO Bob MacDougall Vermilion Energy Trust - EVP and COO...

...Douglas Beck ICF International - SVP - Business and Corporate Development Sudhakar Kesavan ICF International - Chairman and CEO John Wasson ICF International - COO Alan Stewart ICF International - CFO...

...Hiroharu Katogi Minebea Ltd - Director, Senior Managing Executive Officer Yoshihisa Kainuma Minebea Ltd - Representative Director, President & CEO...

...Lucy Watson Jefferies and Company - Analyst Alex Potter Piper Jaffray & Co. - Analyst Dale Pfau Cantor Fitzgerald - Analyst Patrick Jovin Credit Suisse - Analyst JinMing Liu Ardour Capital Investments - Analyst Ryan Connors Boenning & Scattergood - Analyst Debra Coy Janney Montgomery Scott - Analyst Gary Balter Credit Suisse - Analyst...

...Now to provide you with some insight into Lodgian's third-quarter #### operating and financial results, let me introduce our speakers for today. Dan Ellis, President and Chief Executive Officer; Joe Kelly, Vice President of Hotel Operations; and James MacLennan, Chief Financial Officer. Now let me turn the call over to you, Dan. Dan Ellis - Lodgian - President & CEO Thanks, Debi. Good morning, everyone, and let me thank you for joining us today. The third quarter continued to be a challenging operating environment for the hotel industry, fueled by a persistent recession and difficult credit markets. Industry RevPAR, as reported by Smith Travel Research, was down ##.#%. On a slightly positive note, this is a marginal improvement compared to the ##.#% and ##.#% declines reported in the #### first and second quarters, respectively. Lodgian's RevPAR was down ##.#% in the #### third quarter compared to ##.#% in this year's second quarter. Our #### third-quarter RevPAR was positively impacted...

...Toru Owada - East Japan Railway Company - Executive Director and CFO I am Owada, Executive Director and CFO. Thank you very much for taking time out of your busy schedule to come to our financial results presentation. Today based on the material at hand and the screen, I will explain the second quarter results and the full year forecast of the fiscal year ending March ####. First of all, I will give you the summary of the second quarter results of the fiscal year ending March ####. Firstly, in the first half, as you are aware, our businesses were significantly impacted by continuing economic sluggishness. As a result, both revenues and earnings declined. Operating revenues dropped sharply by JPY##.#b year-on-year which was the first decline in revenues in six years. Both operating income and ordinary income dropped for two consecutive years. Net income fell by JPY##.#b to JPY##.#b, which was the first decline in two years. As I have just mentioned, operating results for the six months were...

...Operator Good day, and welcome to Mac-Gray Corporation Third Quarter #### conference call. Today's call is being recorded and webcast. With us today are Chief Executive Officer, Stewart MacDonald and Chief Financial Officer, Michael Shea. At this time, I would like to turn the conference over to Mr. Shea. Sir, please go ahead. Michael Shea - Mac-Gray Corporation - EVP and CFO Thank you, Kathleen. Before we begin, please note that the various remarks we may make in this conference call about the Company's future expectation, plans and prospects constitute forward-looking statements for the purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of ####. Actual results may differ materially from those indicated by these forward-looking statements as a result of various factors including those disclosed in our annual and quarterly reports on file with the Securities and Exchange Commission. Stewart MacDonald - Mac-Gray Corporation - CEO Thanks, Mike, and thank...

...Steven Borick Superior Industries - Chairman, President & CEO Bud Fanelli Superior Industries - Interim CFO, VP & Corporate Controller...

...Jonathan Allen RBC Capital Markets - Analyst Greg MacDonald National Bank Financial - Analyst Vince Valentini TD Newcrest - Analyst Glen Campbell Bank of America - Analyst Dvai Ghose Genuity Capital Markets - Analyst Peter Rhamey BMO Capital Markets - Analyst Jeffrey Fan Scotia Capital - Analyst Simon Flannery Morgan Stanley - Analyst...

...Ken Lowe Scripps Networks Interactive Inc. - President, Chairman & CEO Mark Kroeger Scripps Networks Interactive Inc. - VP of Corporate Communications & IR Joe NeCastro Scripps Networks Interactive Inc. - CFO John Lansing Scripps Networks Interactive Inc. - EVP & President, Scripps Networks Lori Hickok Scripps Networks Interactive Inc. - SVP Finance...

...Matt Carletti Fox-Pitt Kelton - Analyst Mark Hughes SunTrust Bank - Analyst Mike Grasher Piper Jaffray - Analyst Michael Nannizzi Oppenheimer & Co. - Analyst Beth Malone Wunderlich Securities - Analyst Eric Swergold Gruber & McBaine - Analyst Mark Lane William Blair & Company - Analyst Ron Bobman Capital Returns - Analyst Seth Bienstock TimesSquare Capital - Analyst David Dusenbury Dalton Greiner - Analyst...

...Operator Greetings, and welcome to the GTC Biotherapeutics, Incorporated third quarter earnings conference call. (Operator instructions.) It is now my pleasure to introduce your host, Dr. Geoffrey Cox, Chairman and CEO for GTC Biotherapeutics, Incorporated. Thank you, Mr. Cox. You may begin. Geoffrey Cox - GTC Biotherapeutics, Inc. - Chairman and CEO Thank you very much, and good morning, everyone. Welcome to the conference call and Webcast to discuss the financial results for the third quarter of #### for GTC Biotherapeutics, Inc., NASDAQ ticker symbol GTCB. I'm Geoffrey Cox, Chairman and Chief Executive Officer of GTC Biotherapeutics. With me today are Jack Green, our Chief Financial Officer; and Tom Newberry, our Vice President of Corporate Communications and Government Relations. Our results from the third quarter were released earlier this morning, and I hope you have had the opportunity to review this release prior to our call. I want to begin this call by providing an overview of...

...Editor (Audio starts in progress). Jozef Wancer - BPH PBK S.A. - President, Management Board At the same day similar decisions were taken by the shareholders of GE Money Bank, and I would like to take this opportunity to thank all our shareholders for their tremendous support, which is, no doubt, instrumental to our intended creation of one of top-five universal banks in Poland. On the business side in Q# #### BPH improved its financial performance. The consolidated profit was at PLN##.#m. This improvement was not only due to revenue performance, but also due to very strong cost actions taken in the first half of this year. And, in fact, excluding the restructuring charges we're going to talk about later on, of PLN##m, the costs dropped by #% quarter to quarter. What is very important is that BPH continues to grow all its businesses in strategic target market segments. And this is so, despite very difficult and (inaudible) tough macroeconomic demands. We are happy that both the asset and...

...Unidentified Company Representative Thank you very much for coming despite your busy schedule. Let us start our financial results briefing for the second quarter ended on September ##, ####. First of all, let me introduce Company representatives. Hisao Sakuta, President and CEO; Yutaka Fujiwara, Managing Officer, Senior General Manager of IR and M&A Planning Headquarters; Masaki Haruta, Executive Officer, Senior General Manager of Accounting and Finance Center, Corporate Resources Innovation Headquarters; Hiroshi Oishi, General Manager of Investor Relations department, IR and M&A Planning Headquarters. I am [Oeima] from Investor Relations department. Nice to meet you all. In today's meeting, President Sakuta will spend about ## minutes to talk about financial results for the second quarter and the Company full-year forecasts, followed by Q&A session to finish around #.##pm. A movie of this meeting will be available on our Company website, including the Q&A session. We also hope that you'll...

...David Koning Robert W Baird & Co - Analyst David Togut First Manhattan - Analyst Sean Cain Morgan Keegan - Analyst...

...Richard Baldry Canaccord Adams - Analyst Brendan Barnicle Pacific Crest Securities - Analyst Jeffrey King William Blair - Analyst Gordon Hodge Thomas Weisel Partners - Analyst...

...Scott Mahan Bsquare Corporation - VP, Finance and Operations, and CFO Brian Crowley Bsquare Corporation - President and CEO...

...Ted Ayvas Aceto - Director Corporate Communications, IR Albert Eilender Aceto - Non-Executive Chairman of the Board Vince Miata Aceto - President Doug Roth Aceto - CFO...

...Unidentified Participant If you will all take your seats, we'll get started with Bank of America. Our final presenter for today is Brian Moynihan of Bank of America Corporation. Brian is currently President of the Consumer, Small Business and Banking. Before that, he was General Counsel, and before that, he was President of Wealth Management, after joining with the Bank of America merger with Fleet. Some of you may know Brian -- that Bank of America is currently looking for a CEO, so in the question-and-answer period, Brian is very well-prepared for such probing questions as what is your biggest weakness as a manager, and if you were a tree, what kind of tree would you be? So I'll hand it over to you, Brian. (Applause) Brian Moynihan - Bank of America Corporation - President of Consumer, Small Business & Card Now working in the consumer business, I have been asked that question, if you were a fruit, what kind of fruit you'd be. So it is a little touchier-feelier than dealing with the investment...

...Niamh Alexander - KBW - Analyst I would like to introduce Rick Redding, Managing Director of Products & Services at CME Group. The CME Group is one of the most diverse futures exchanges in the world with a market cap of approximately $## billion. As a combination of the Chicago Mercantile Exchange, NYMEX and the Chicago Board of Trade, the Exchange offers trading in almost every futures product. Additionally, it continues to add new products to its OTC clearing platform, ClearPort, with well over ### added since the acquisition in #Q '##. We believe CME is well positioned for growth ahead, particularly in the interest rate trading complex where a return to a more active Fed should be a catalyst for higher volumes while the agricultural complex is back in growth mode already. This combined with opportunities to grow its business internationally and in the OTC markets are a few of the reasons we currently rate the shares outperform. Please welcome Rick Redding. Rick Redding - CME Group -...

...Ann Blank GP Strategies Corporation - Director of IR and Financial Reporting Scott Greenberg GP Strategies Corporation - CEO Sharon Esposito-Mayer GP Strategies Corporation - EVP and CFO Doug Sharp GP Strategies Corporation - President...

...Stefano Burrino Assicurazioni Generali SpA - IR Manager Raffaele Agrusti Assicurazioni Generali SpA - CFO & General Manager Giovanni Perissinotto Assicurazioni Generali SpA - Managing Director...

...Paul Sankey Deutsche Bank - Analyst Blake Fernandez Howard Weil Incorporated - Analyst Paul Cheng Barclays Capital - Analyst Brian Shore Avondale Partners - Analyst Eric Walania William Blair - Analyst Jeff Dietert Simmons & Company International - Analyst...

...Valerie Haertel Medco Health Solutions, Inc. - VP, IR Dave Snow Medco Health Solutions, Inc. - Chairman, CEO Rich Rubino Medco Health Solutions, Inc. - SVP, Finance and CFO Tim Wentworth Medco Health Solutions, Inc. - Group President, Employer Accounts Tom Moriarty Medco Health Solutions, Inc. - Gen. Counsel, Sec. & SVP, Pharma Strategies & Solutions...

...Scott Cunningham Edison International - VP of IR Ted Craver Edison International - Chairman, CEO Jim Scilacci Edison International - CFO Ron Litzinger Edison International - Chairman of EMG Alan Fohrer Edison International - Chairman, CEO Southern California Edison...

...Steve Stelmach FBR Capital Markets - Analyst Donna Halverstadt Goldman Sachs - Analyst Mark DeVries Barclays Capital - Analyst Nat Otis Keefe, Bruyette & Woods - Analyst Mike Grondahl Northland Securities - Analyst Connor Ryan Deutsche Bank - Analyst Matthew Howlett Fox-Pitt Kelton Cochran Caronia Waller - Analyst Chris Wolf JAI Capital Management - Analyst Jacob Lawler AYM Capital - Analyst Jordan Hymowitz Philadelphia Financial - Analyst...

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...Jennifer Nicholson Emera Inc. - Director IR and Strategic Development Chris Huskilson Emera Inc. - President and CEO Nancy Tower Emera Inc. - CFO Rob Bennett Emera Inc. - President and CEO Nova Scotia Power...

...Anthony Zicha Scotia Capital - Analyst Sarah O'Brien RBC Capital Markets - Analyst Benoit Caron National Bank Financial - Analyst Bill MacKenzie TD Newcrest - Analyst Claude Proulx BMO Capital Markets - Analyst Frederic Bastien Raymond James - Analyst Pierre Lacroix Desjardins Securities - Analyst Paul Lechem CIBC - Analyst Maxim Sytchev Genuity Capital Markets - Analyst Richard Stoneman Dundee Securities - Analyst Yuri Lynk Canaccord Adams - Analyst...

...Paul Heerwagen Gulfport Energy Corp - Investor Relations Mike Liddell Gulfport Energy Corp - Chairman of the Board Jim Palm Gulfport Energy Corp - Chief Executive Officer Mike Moore Gulfport Energy Corp - Chief Financial Officer...

...Linda Ezergailis TD Newcrest - Analyst Robert Catellier Clarus Securities - Analyst Bob Hastings Canaccord Adams - Analyst Matthew Akman Macquarie Research - Analyst Tony Courtright Scotia Capital - Analyst Carl Kirst BMO Capital Markets - Analyst Fai Lee RBC Capital Markets - Analyst Nima Billou Bloom Investments - Analyst...

...Paul Reilly Raymond James Financial - President Jeff Julien Raymond James Financial - CFO and Chairman of Raymond James Bank Steve Raney Raymond James Bank - President and CEO...

...Robert Quartermain Silver Standard Resources Inc. - President and CEO Tom Yip Silver Standard Resources Inc. - VP - Finance and CFO George Paspalas Silver Standard Resources Inc. - SVP - Ops...

...Felicia P. Buebel Icahn Enterprises L.P. - Counsel Keith A. Meister Icahn Enterprises L.P. - Principal Executive Officer Dominick Ragone Icahn Enterprises L.P. - CFO...

...Robert Doman DUSA Pharmaceuticals - President & CEO Richard Christopher DUSA Pharmaceuticals - Vice President Finance & CFO...

...Unidentified Participant Before I introduce our last presenter, I just want to say a couple things. First, thank you, everybody, for coming to this year's BAB. Secondly, I also want to remind everybody that lunch is served after this presentation out in the hallway out there. Our final presenter this year is Gary Perlin from CFO -- the CFO of Capital One. So, with that, I'm just going to kick it right off to Gary. Gary Perlin - Capital One Financial Corp. - CFO, Principal Accounting Officer Okay. Thanks very much, Jimmy. I appreciate it. Thanks, everybody, for sticking with us all the way here till the end. This is one of the conferences I most look forward to every year because you always give me the challenge of having a very specific theme. And I try to do my very best to kind of balance addressing the theme with talking a little bit about Capital One. So, I have a feeling, this year, given the theme about being the light at the end of the tunnel with a big question mark is one of the...

...Scot Wetzel United Western Bancorp - President & CEO Linda Selub United Western Bancorp - VP, Corporate Affairs William Snider United Western Bancorp - CFO...

...Unidentified Participant Okay, let's keep moving here. Happy to present #M Company to you at this point, and Pat is going to kick off with some opening remarks, and again, right into Q&A. Pat Campbell - #M Company - SVP and CFO Yes. Let me -- I will stand up there. The good thing is you have no slides. You don't have to sit through presentation, so I'll just make some comments and then really go to Q&A. As Tom told you, I've never been in this place, so I was expecting kind of a family room with a fireplace, and you know, a little fireside chat. But I guess that is a fireplace there. Let me just start off. I think most of you know the Company, so I'm not going to kind of do a deep dive on who we are. There is a handout for you, hopefully, if you picked that up. I guess let me just kind of more talk about kind of a high-level from my perspective. I've been with the Company for going on eight years now. I was in the auto industry for ## and obviously I'm very fortunate to be where I am. Unless...

...James Maher BlackRock Kelso Capital Corporation - Chairman and CEO Michael Lazar BlackRock Kelso Capital Corporation - COO Frank Gordon BlackRock Kelso Capital Corporation - CFO...

...Kenny Gibson InnVest Real Estate Investment Trust - President, CEO Tamara Lawson InnVest Real Estate Investment Trust - CFO, Secretary...

...John McCluskey Alamos Gold Inc. - President and CEO Jon Morda Alamos Gold Inc. - CFO Manley Guarducci Alamos Gold Inc. - VP and COO Ken Balleweg Alamos Gold Inc. - Exploration Manager...