Thomson StreetEvents

...David Crane - NRG Energy, Inc. - President and CEO Hello. If everyone could get seated, the program continues. Thankful to you, Mr. Bates. Nahla's got me under the whip to try and gain a little time and we're going to slightly change the agenda because we have Mr. Matthews here from the Nuclear Regulatory Commission. So, as opposed to the current agenda, which calls for the nuclear panel followed by the Texas panel, then Mr. Matthews' comments, we're going to go nuclear panel, then Mr. Matthews' comments, so you're thinking nothing but nuclear for a while and then we'll turn to Texas and then we'll have a break after his comments and then we'll finish with Texas and I'll close the conference immediately thereafter and we'll try and get back on to the original timetable because I know that some people have a flight to catch. So, to talk about NINA and the STP project, we have a panel led by Steve Winn, the Chief Executive Officer of NINA. To his right is John Bates, the Chief Operating Officer...

...Peter Beaudrault Sbarro Inc. - President and CEO Tony Missano Sbarro Inc. - President, Sbarro Business Development Carolyn Spatafora Sbarro Inc. - SVP of Finance...

...Bob Jornayvaz - Intrepid Potash, Inc. - Co-Founder, Chairman and CEO Thanks again. As he said, I'm the co-founder, Chairman and CEO of Intrepid Potash. I would like to remind everybody that today's presentation has forward-looking statements. I would urge you to take your time to read them, understand them. I appreciate that. Intrepid is a strategically located potash-only company. Our facilities are located in the heart of a market that consumes multiples of what we produce. We have got an intense production focus which we will talk about a little bat later today, designed to improve reliability and the efficiency of our facilities. It lowers our per-ton costs and allows us to innovate, borrowing technologies from other industries. Whether it's [low-height] mining equipment from the coal industry or [thickener] equipment from the copper industry, our focus is to make our old assets that we bought from underappreciated previous management into some of the most technologically advanced,...

...Jim Keyes - Blockbuster Inc. - Chairman, CEO Good morning. Welcome to our discussion of Blockbuster this morning. We're actually excited about the continuing transformation of this brand and this Company. I've got to tell you that that excitement was a little more than we expected in the last three quarters as we had to refinance our balance sheet, but we are gladly through that challenging process. Have recently completed a new facility that gives us a lot more runway, was able to move our amortizations, and lets us get back to focusing on what is, we think, one of the more exciting transformation processes in the retail side of things these days. The reason that we like this story ourselves and the reason that we were attracted to this Company for this challenge is a number of things. One, there are few brands worldwide that carry the relevance for the consumer, not just in the United States but across ## different countries, as the Blockbuster brand. So as we go global with the ability...

...Michelle Clark - Morgan Stanley - Analyst Good morning everyone. Thanks for joining us this morning. I am Michelle Clark, retail softlines analyst at Morgan Stanley. It is my pleasure to introduce our next management team from Coach. With us today we've got Lew Frankfort, CEO; Mike Tucci, President of North America Retail; Mike Devine, CFO; Jerry Stritzke, COO; and Andrea Resnick, head of Investor Relations. Today Mike Tucci is going to kick it off first. Just in terms of logistics, after about a ## minute presentation in this room we will then go down to the left in rooms ### and ### for a Q&A session. Mike Tucci - Coach, Inc. - President of North America Retail Thank you, Michelle, and good morning everyone. Our usual practice at these conferences has been to discuss the brand proposition and key opportunities for growth, usually kicked off by Lew. Today we thought we would take a slightly different approach. I am going to begin by talking about our global productivity initiatives. And...

...Vincent Andrews - Morgan Stanley - Analyst Welcome back to those on the webcast. I am Vincent Andrews, Morgan Stanley's agricultural products analyst. It's our pleasure to welcome Bunge back to the Morgan Stanley Global Consumer Conference. With us this year is Alberto Weisser, the CEO; as well as Mark Haden, the Head of Investor Relations. And I'm just going to turn it over to Alberto. Alberto Weisser - Bunge Limited - CEO Okay; thanks, Vincent. Good morning, everyone. This is the Safe Harbor Statement. I'm sure you're familiar with it. Please consider it as we go through the presentation. Let me speak for a few minutes about who we are and what we do. Bunge's role is a vital one, especially in a growing world. We help farmers produce larger harvests by manufacturing and selling fertilizer. We move agricultural commodities from where they're grown to where they are consumed and we process them into value added feed and food products for commercial customers and consumers. The United Nations...

...Brian Jellison Roper Industries, Inc. - Chairman, President and CEO John Humphrey Roper Industries, Inc. - VP and CFO...

...Laura Redmond Keithley Instruments, Inc. - Senior Financial Analyst, IR Joe Keithley Keithley Instruments, Inc. - Chairman, President, CEO Mark Plush Keithley Instruments, Inc. - VP, CFO...

...Marc Benioff Salesforce.com, Inc. - CEO Bob Beauchamp BMC Software - Chairman, CEO Jim Sheppard Vetrazzo - President, CEO Yoichi Yokomizo Lawson, Inc. - EVP, CIO Annemarie Frank Avon - Director - Ecommerce and Alliances John Swainson Computer Associates - President, CEO Dave Girouard Google - President - Enterprise Narinder Singh Appirio - Chief Marketing Office, Head - Products Paul Daugherty Accenture - Chief Technology Architect...

...Pete Collins - True Religion Apparel, Inc. - CFO Thanks, Kate, and good afternoon, everybody. Real quick, I'm going to be making some forward-looking statements today in my presentation, and those are covered under the provisions of the Private Securities Litigation Reform Act of ####. So if you could quickly review this slide and familiarize yourself with the provisions of that Act, I'd appreciate it. From a Company overview perspective, our founder, Chairman, Chief Executive Officer, and Chief Merchant is Jeff Lubell. Jeff started the Company almost exactly seven years ago. It was November of ####. Jeff had been in the textile business as a salesman. He had his own firm in Los Angeles for about ## years. He had done a little bit of work with some partners in creating denim companies. And in the late #### time frame he decided he was going to strike out on his own. He had a unique perspective. He had different fits than what others had at the time, and he had some ideas about what he wanted...

...Jarrod Castle UBS - Analyst Penny Butcher Morgan Stanley - Analyst Thijs Berkelder Petercam - Analyst Andrew Lobbenberg RBS - Analyst Uwe Weinreich UniCredit - Analyst Jean-Jacques Limage DLP-James Capel - Analyst...

...David Adelman - Morgan Stanley - Analyst Good afternoon, everyone. As I think everyone is well aware, it's both unusual and quite difficult for any large-scale and global consumer products company to become significantly more effective and materially improve its operating performance. And yet that's exactly and precisely what has happened at Philip Morris International since becoming an independent public company. In my view, the organization has become more aggressive, faster-moving and less risk-averse, and that has been manifested in more effective innovation, more aggressive pricing, accelerating cost reductions, faster operate profit growth and significant share repurchases. And I think the organization has gotten much closer to fulfilling its operating capacity and potential. And the stock, I think, is starting to reflect that, up about ##% in the last ## months. So with that as a backdrop, it's a great pleasure once again to be able to introduce Louis Camilleri, Philip Morris International's...

...Mike Upchurch - Kansas City Southern - EVP & CFO Let me first of all introduce my colleague, Vice President of Investor Relations Bill Galligan, over on the side of the room. So I won't read all the words here, but of course we will talk about a little bit of forward-looking information here. We just caution you that actual results could differ from any kind of projections or forward-looking information we provide. Now having an opportunity to speak at a Small/Mid-Cap conference, I don't know how many of you really know the Kansas City Southern story but we are a class one railroad with #### revenues of $#.## billion. We operate about #,### rail miles between US, Mexico, and a small short-line railroad that we have in Panama. We have been in business for a long time, have a very experienced senior management team that many have been in the industry their entire careers. We will spend a little bit of time talking about how we are positioned for growth once the economy (technical difficulty)...

...Wayne Gattinella - WebMD Health - President & CEO Good morning. We are being webcast. These are disclosures, if you would just read them briefly before we start. We are going to give you a -- for those of you that don't know the Company and its dynamics, I am going to try to give you as broad a story as I can about where we have come, what we do and what the future is for our business. So for those of you that may not be familiar with our assets, we really have three major legs of our business, each of them a leader in their particular target segment. WebMD Health is the number-one destination for health information for consumers. Medscape is the number one brand of health information for physicians and healthcare professionals and WebMD Health Services is our private-label version of WebMD where we build a much more customized view of our information for large employers and payers for them to interface with their employees and plan members. I am going to -- one of the ways that we monitor...

...Judy Pirro AnnTaylor Stores - Director, IR Kay Krill AnnTaylor Stores - President, CEO Mike Nicholson AnnTaylor Stores - EVP, CFO...

...Kate McShane Citigroup - Analyst Robbie Ohmes Banc of America - Merrill Lynch - Analyst Bob Drbul Barclays Capital - Analyst Sam Poser Sterne, Agee & Leach - Analyst Chris Svezia Susquehanna Financial Group - Analyst Bernard Sosnick Gilford Securities - Analyst John Zolidis Buckingham Research Group - Analyst Michael Binetti UBS - Analyst...

...Nancy Fazioli VeriSign Inc. - Investor Relations Mark McLaughlin VeriSign Inc. - President and CEO Ken Silva VeriSign Inc. - Executive Vice President, Chief Technology Officer Raynor Dahlquist VeriSign - SVP and GM, Naming Services Fran Rosch VeriSign - SVP, User Authentication Brian Robins VeriSign - CFO Paul Scott VeriSign - Worldwide Sales...

...Michael Rehaut JPMorgan Chase & Co. - Analyst Kenneth Zener Macquarie Research Equities - Analyst Dan Oppenheim Credit Suisse - Analyst Nishu Sood Deutsche Bank - Analyst Joel Locker FBN Securities - Analyst Unidentified Participant UBS - Analyst Joshua Pollard Goldman Sachs - Analyst Josh Levin Citigroup - Analyst Stephen East Pali Capital - Analyst Mike Widner Stifel Nicolaus - Analyst Alex Barron Agency Trading Group - Analyst Timothy Jones Wasserman & Associates - Analyst Jay McCanless FTN Midwest Securities Corp. - Analyst Jim Wilson JMP Securities - Analyst Stephen Kim Alpine Woods - Analyst...

...Otto Roethenmund Inter-Nation Management - Analyst Peter Goldmark Riverbank Asset Management - Analyst Katherine Christo Lauderdale Management - Analyst James Field Alexander Capital - Analyst...

...Chi Lee - Morgan Stanley - Analyst Good morning. Thank you very much for joining us. My name is Chi Lee; I am the branded apparel analyst here at Morgan Stanley. Happy to introduce our next group of presenters, the management team from Philips-Van Heusen represented here today by CEO Manny Chirico, CFO Mike Shaffer, and Director of Investor Relations Pam Hootkin. I will provide a brief overview and then pass it on to the management team. PVH operates a $#.# billion portfolio of apparel brands represented by brands such as Van Heusen, IZOD, and Arrow. The Company also owns the master license for the global Calvin Klein portfolio and royalty revenues from that Calvin Klein portfolio represent ##% of the Company's profitability. So with that I will turn it over to Manny. Just want to make one note, there will be a breakout in Room ### and ### directly following this presentation. Thanks. Manny Chirico - Phillips-Van Heusen - Chairman & CEO Good morning, everyone. I usually start the presentation...

...Joe Parkhill - Morgan Stanley - Analyst Hi. I am Joe Parkhill. I cover the dollar stores with Mark Wiltamuth at Morgan Stanley. Today we have Family Dollar. It's the second-largest dollar store chain in United States with about #### stores. And today with us we have Jim Kelly, President and Chief Operating Officer; and Kiley Rawlins, VP of Investor Relations. So with that, I'll turn it over to Jim. Jim Kelly - Family Dollar Stores, Inc. - President and COO Thanks Joe, and thank you. It's a pleasure to be here. And we certainly appreciate your interest in Family Dollar. Part of my goal here this morning is to convince you that Family Dollar is a modern, progressive retailer that's invested extensively in its business and knows how to leverage technology. So I hope the fact that I start my presentation by pulling out a couple of notebook, handwritten notes doesn't adversely influence your conclusions for the day. But Kiley has suggested that I read the following, and I happily do what Kiley...

...John Moeller Procter & Gamble Company - VP and CFO Teri List Procter & Gamble Company - SVP and Treasurer...

...Terry Hall - Superior Energy Services, Inc. - Chairman, CEO Well, Robin, thank you, and maybe I'll just take questions now. I don't think I could've done a better job. Thank you very much. Thanks for having us. I'm glad to be here. As Robin said, we are a fairly, I think, unique company, a highly diversified provider of primarily production-related services, rental tools provided to both the drilling and the rental side of the business; the marine assets, which are generally used as the delivery system for the services and rentals. So we provide a variety of downhole services, primary production-related. We have plenty of very well-known name brand rental offerings and some very unique marine assets which are predominantly t liftboats. We also have some derrick barges. #,### employees, ### locations, ## countries. When you look at this service side of the business, again this is post-completion -- you've drilled, you've completed a well, you've got it on production. Well, then, this well...

...Marco Simpriano KS Capital - Analyst Randy Laufman Imperial Capital, LLC - Analyst David Jetta Hockston - Analyst...

...Zamzamzairani Mohammed Isa Telekom Malaysia Berhad - Group CEO Bazlan Bin Osman Telekom Malaysia Berhad - Group CFO...

...Mark Belgya J. M. Smucker Company - VP, CFO Tim Smucker J. M. Smucker Company - Chairman, Co-CEO Richard Smucker J. M. Smucker Company - Executive Chairman, Co-CEO Paul Wagstaff J. M. Smucker Company - President - Oils & Baking Vince Byrd J. M. Smucker Company - President - Coffee Steve Oakland J. M. Smucker Company - President - Smuckers, Jif, Hungry Jack Mark Smucker J. M. Smucker Company - President - Special Markets...

...Mickey Newsome Hibbett Sports Inc. - Chairman, CEO Jeff Rosenthal Hibbett Sports Inc. - President Gary Smith Hibbett Sports Inc. - CFO Becky Jones Hibbett Sports Inc. - VP of Merchandise...

...Michael Rehaut JPMorgan Chase & Co. - Analyst Kenneth Zener Macquarie Research Equities - Analyst Dan Oppenheim Credit Suisse - Analyst Nishu Sood Deutsche Bank - Analyst Joel Locker FBN Securities - Analyst Unidentified Participant UBS - Analyst Joshua Pollard Goldman Sachs - Analyst Josh Levin Citigroup - Analyst Stephen East Pali Capital - Analyst Mike Widner Stifel Nicolaus - Analyst Alex Barron Agency Trading Group - Analyst Timothy Jones Wasserman & Associates - Analyst Jay McCanless FTN Midwest Securities Corp. - Analyst Jim Wilson JMP Securities - Analyst Stephen Kim Alpine Woods - Analyst...

...at these lower sales volumes through continued implementation of our efficiency initiatives including facility consolidations, global sourcing, more effective logistics and lean manufacturing as well as the utilization of our flexible manufacturing strategy to quickly adjust costs to match our level of business activity. So operating margins are feeling the pressure of lower volumes. We've also made progress reducing our selling, general and administrative expenses. I can also report that our investments in lean manufacturing and in new ERP system are making excellent progress. Both of these investments are critical to further leveraging our infrastructure so that we can achieve our long term margin targets. In the third quarter, we also continued to generate strong cash flows and through first three quarters of this year, we have now generated a record $##.# million in cash flow from operating activities. As a result, we increased our cash position at October ##st, ####, to another record...

...Skip Falgout America's Car-Mart, Inc. - Chairman Jeff Williams America's Car-Mart, Inc. - CFO Hank Henderson America's Car-Mart, Inc. - President, CEO...

...Cynthia Georgeson Johnson Outdoors Inc. - VP Worldwide Communication Dave Johnson Johnson Outdoors Inc. - CFO Helen Johnson-Leipold Johnson Outdoors Inc. - Chairman, CEO...

...Nick Wharton - Halfords Group Plc - Finance Director Good morning, everybody. Just one small point of housekeeping, if I can Could I ask you to all switch off any mobile phones or Blackberries? Obviously, we are recording and we wouldn't like to disturb my dulcet tones. Thank you. We'll be following our usual format. I'll be presenting a review of our results for the ## weeks ended October #. And then David will give his perspective on the first half year, and then present progress against our strategic plan and our key trading priorities. And at the conclusion of the presentation, we'll take any questions that you may have. I'm pleased to say that our Chairman, Dennis Millard, and our Commercial Director, Paul McClenaghan, are in attendance today, and they'll be available after the presentation should you wish to ask them any further questions. We view these results as very pleasing, particularly in an economic consumer and competitor environment that remains challenging. We believe the...

...Nahla Azmy - NRG Energy Inc. - Director - IR Good morning, thank you again for joining us for this second day of Energy's #### Investor Conference. For those of you joining the conference via webcast, the agenda and presentations are available through a link on the Investor Relations page on our website. In addition, should you miss any part of today's conference; a replay will be posted on our website. Now I would like to ask everyone if they could just please turn off the cell phone ringer. And as I mentioned yesterday, the Energy management team will be making forward-looking statements regarding future events during this conference. Please consult the disclosures and risk factors included in our Safe Harbor Statement included with the presentation materials on our website, and in our filings with the SEC, as well as the Reg G disclosure for non-GAAP financial measures are also included with the presentation materials on our website. Now with that, I'd like to turn it over to David Crane....

...Mark Baldwin - Dresser-Rand Group Inc. - CFO Robin has given ## slides of mine in about two or three minutes, so he has done a great job (inaudible). We have had a very consistent strategy over the past four or five years. I think the execution has been good and I want to walk you through the story in a little bit more detail here. Our General Counsel likes us to show this about forward-looking statements. You have seen this before, so I am not going to dwell on it. But before I get into that, I did want to thank Robin for asking us here and for Citi for hosting this. It is always a good opportunity to get out and meet new people and share the story. Okay, a little bit about Dresser-Rand. We make and service equipment for the oil and gas infrastructure. Specifically, we make mission-critical, high-speed, rotating equipment, specifically turbo compressors, reciprocating compressors and steam turbines. You can see from the bottom left-hand part of this chart that our segments are split about,...

...Mickey Newsome Hibbett Sports Inc. - Chairman, CEO Jeff Rosenthal Hibbett Sports Inc. - President Gary Smith Hibbett Sports Inc. - CFO Becky Jones Hibbett Sports Inc. - VP of Merchandise...

...John Franzreb Sidoti & Company - Analyst Liam Burke Janney Montgomery Scott - Analyst Mike Hamilton RBC Capital Markets - Analyst...

...Erik Sjogren - Morgan Stanley - Analyst Good morning, everyone. My name is Erik Sjogren; I'm part of the consumer team here at Morgan Stanley covering the flavors and fragrance stocks. It's great pleasure to be able to introduce Kevin Berryman, the chief financial officer of International Flavors and fragrances; and Michael DeVeau, head of investor relations. Kevin Berryman - International Flavors & Fragrances - EVP, CFO Thank you, Erik; good morning, everyone. Before I begin my presentation I would like to take a moment for you guys to review our cautionary statement. It is important to remind everyone in the room that -- and those listening in via webcast -- that we will be making potential forward-looking statements as well as GAAP and non-GAAP financial measures. I will now assume the statement has been read and proceed with the presentation. This morning I structured my presentation into four sections. First, we'll give a brief step shot of our industry and IFF specifically. We'll...

...Scott Bonikowsky Tim Hortons, Inc. - IR Don Schroeder Tim Hortons, Inc. - President & CEO Cynthia Devine Tim Hortons, Inc. - CFO Principal Accounting Officer & EVP, Finance...

...Ann Chwat - Burger King - General Counsel, Corporate Secretary Welcome, and good morning, ladies and gentlemen. My name is Ann Chwat, and I'm the General Counsel and the Secretary for Burger King Holdings. I'd like to welcome all of you to the Burger King Holdings #### Annual Meeting of Shareholders. And we're also webcasting this meeting, and I'd like to welcome those of you who are joining us online. I'd like to remind everyone at the meeting, or participating via the webcast, that the management's presentation at the end of the formal business of the meeting includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of ####. These statements reflect management's current expectations based on currently available data; however, actual results may be impacted by future events and uncertainties, and could differ materially from what is discussed today. More detailed information about these uncertainties is contained within the Safe Harbor statement,...

...Diane Irvine - Blue Nile, Inc. - President, CEO Good morning. Thank you, Mark, and we appreciate being here, so thank you to Citigroup as well. Good morning to all of you. We're very happy to be here; and Mark, thanks for that great introduction. Today we will talk about our business, which is quite unique in all of retail. We are operating in the online jewelry space and doing this very differently than a physical jeweler would, in terms of our business model. We'll talk about the overall market, our business in particular, including some of those competitive advantages that Mark mentioned. We will discuss international markets and then go through our financial model. We have our Safe Harbor statement. We are the leading online retailer of diamonds and jewelry. We're ## years old, celebrating our ##th anniversary this year. We were formed really because we believed there was a different way for consumers to purchase this product, and we are operating with a very different financial model....

...Mark Belgya J. M. Smucker Company - VP, CFO Tim Smucker J. M. Smucker Company - Chairman, Co-CEO Richard Smucker J. M. Smucker Company - Executive Chairman, Co-CEO Paul Wagstaff J. M. Smucker Company - President - Oils & Baking Vince Byrd J. M. Smucker Company - President - Coffee Steve Oakland J. M. Smucker Company - President - Smuckers, Jif, Hungry Jack Mark Smucker J. M. Smucker Company - President - Special Markets...

...Kate McShane Citigroup - Analyst Robbie Ohmes Banc of America - Merrill Lynch - Analyst Bob Drbul Barclays Capital - Analyst Sam Poser Sterne, Agee & Leach - Analyst Chris Svezia Susquehanna Financial Group - Analyst Bernard Sosnick Gilford Securities - Analyst John Zolidis Buckingham Research Group - Analyst Michael Binetti UBS - Analyst...

...Judy Pirro AnnTaylor Stores - Director, IR Kay Krill AnnTaylor Stores - President, CEO Mike Nicholson AnnTaylor Stores - EVP, CFO...

...Dan Wejse Nordea - Analyst Fasial Ahmad Handelsbanken - Analyst Poul Jessen Danske Bank - Analyst Claus Almer Carnegie - Analyst...

...Jay Gellert - Health Net, Inc. - President and CEO Okay. Welcome. I know you all are excited about this as I am. My presentation will be about four hours and then I'll be prepared to answer any questions you have. This is the really interesting part of our presentation. The really smart people raise their hand here with questions. Some people are also really interested in this. I'm not. Let me -- we set a goal in #### to put ourselves back on track after a difficult '##. We wanted to both fix the company and set it up for the changes we foresaw with reform. So we set a series of really simple goals. One, meet our expectations. Two, once and for all, resolve the issues we had in the Northeast where we had a lot of capital invested and not a lot of return. Three, focus on the point Charles made, which is that we are the second-largest HMO company in California behind Kaiser, and our view was that the market was going to move back because of the change in economics and buying patterns of health...

...Judy Davies Verigy Ltd. - VP IR and Marketing Communications Keith Barnes Verigy Ltd. - Chairman, CEO, and President Bob Nikl Verigy Ltd. - CFO...

...Rich Paradise Keystone Automotive Operations, Inc. - EVP and CFO Ed Orzetti Keystone Automotive Operations, Inc. - President and CEO...

...Mark Wiltamuth - Morgan Stanley - Analyst Okay, everyone, thank you for coming. My name is Mark Wiltamuth. I am Morgan Stanley's grocery, drugstore and club store analyst. It's my pleasure to introduce BJ's Wholesale Club. We have with us Laura Sen, President and Chief Executive Officer; Frank Forward, Chief Financial Officer and Cathy Maloney from Investor Relations is also here. I will turn it over to them, thank you. Laura Sen - BJ's Wholesale Club - President, CEO Thank you, Mark, and good afternoon, everyone. As usual, I'd like to remind you that our presentation today contains a number of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of ####. This slide explains what I mean in more detail. For those of you in the audience who are new to BJ's story, I'll start with a little background on the Company. BJ's Wholesale Club was founded #### and began trading as a separate public Company on the New York Stock Exchange in ####. Revenues for...

...Over the last eight years we have divested more than $# billion worth of revenue in order to focus on our core categories and brands where we have the capability to win. At the same time, we acquired almost $# billion in revenue to strengthen our global position in our core categories. The result is a much more focused Company with greater execution capability. We have three core categories in which we operate, and we leverage these categories throughout the world. A quick snapshot of our global sales based on fiscal #### results shows that ##% are now in three attractive categories, and those are Ketchup and Sauces, Meals and Snacks, and Infant Nutrition. ##% come from developed markets in six key regions. ##% are from outside of the United States, and ##% from emerging markets which have been driving terrific growth and represented about one-third of our total sales growth over the last three fiscal years. Heinz is well positioned, and over the last few years has posted solid growth in...

...Dara Mohsenian - Morgan Stanley - Analyst So I'm Dara Mohsenian, Morgan Stanley's household products' analyst. And we're very pleased to have Herbalife with us here today, including the CFO, Rich Goudis. I'll hand it over to Rich. Rich Goudis - Herbalife Ltd. - CFO Thank you. Good afternoon, everybody. Also with me from Herbalife to my left is John DeSimone. He's our Senior Vice President of Finance & Strategy. And Amy Greene is our Vice President of Investor Relations. So if you have a chance afterwards to say hello that would be great. As far as the presentation, we'll start off with just pointing you to the Safe Harbor language. And for those online, this is posted on the investor website at www.herbalife.com\investorrelations. Why Herbalife and why now? This has been our theme all year. For those of you who follow direct sellers, certain characteristics of direct sellers pretty much hold. Typically a unique product line sold through independent distributors on a worldwide basis. The...

...Jim Hill Pason Systems, Inc. - President and CEO Greg Lindsay Pason Systems, Inc. - President & General Manager, USA Bob Rodda Pason Systems, Inc. - COO Dave Holodinsky Pason Systems, Inc. - General Manager, Canada Tod Tosek Pason Systems, Inc. - Petron General Manager...

...Erik Kinnman Biovitrum - Head of Investor Relations and Public Affairs Martin Nicklasson Biovitrum - CEO Bo Jesper Hansen Swedish Orphan International - CEO...

...Unidentified Participant She is the Group President for the Consumer Business Unit, which is obviously a high profit right now. So now, I just want to say a few words about Symantec. Symantec is a buy rated stock at Lazard Capital Markets that we recently upgraded the stock here. We have a $## price target. It's one of our favorite names for not only for the remainder of ####, but also for ####. We think they're in a very interesting position here considering their relative valuation and the fact that their business seems to be making a positive turn to the positive. And what we're excited about is in this consumer business, which Symantec is the number one provider of consumer based protection software out there, we think that it's an interesting growth opportunity for many reasons. And I think Janice is going to share some of those ideas with us. And I'm going to start asking questions in a minute. But interestingly, about Janice's background, besides running the business unit, which...

... Fund - VP, Public Affairs Peter Luit Livingston International Income Fund - President & CEO Chris McMullen Livingston International Income Fund - CFO...

...Unidentifiied Participant Hi. Good morning. Next up we have Lazard. Mike Castellano, Chief Financial Officer, and Jean Greene is with us from IR. Lazard is one of the preeminent, global M&A firms and asset management firms with origins dating back to ####. They operate in ## cities, ## countries. Lazard is the only non-bulge bracket firm -- I guess if there are any left at this point -- that consistently rank within the top ## in global league tables, as well as consistently ranked as one of the top advisors on cross-border transactions. With respect to advisory revenues, it's about balanced between North America about ##%, Europe between ##% and ##%. They have a leading restructuring practice, which we'll certainly hear about today given where we are in the cycle. And as far as their asset management business, $### billion in assets under management. Dominant proportion being international equities biased towards institutional. And both client flows and margins in this business are improving,...

...Bill LaRue Cadence Pharmaceuticals, Inc. - SVP, CFO Ted Schroeder Cadence Pharmaceuticals, Inc. - President, CEO...

...Rickard Henze ABG Sundal Collier - Analyst Christian Hellman Erik Penser Fondkommission - Analyst Hans Mahler Handelsbanken Capital Markets - Analyst Niclas Hoglund Swedbank Markets - Analyst...

...Operator Welcome to the GTSI Investor Update Conference Call. Please be aware that each of your lines is in a listen only mode. At the conclusion of the presentation, we will open the floor for questions. At that time, instructions will be given and the procedure to follow if you would like to ask a question. I'd now like to turn the call over to Paul Liberty, GTSI's Vice President of Investor Relations. Sir, you may begin. Paul Liberty - GTSI Corp. - VP, IR Thank you for joining GTSI's Quarterly Results Conference Call. With me today are Jim Leto, GTSI's Chief Executive Officer, Peter Whitfield, GTSI's Chief Financial Officer, and Scott Friedlander, GTSI's President and Chief Operating Officer. The purpose of the call today is to discuss results for the third quarter ended September ##, ####. Today, we published a press release detailing the activities for the quarter as well as providing additional information on the Company. If you have not received the announcement or you wish to hear...

...Operator Good morning, everyone and welcome to the Hardinge Third Quarter Conference Call. Please note that this presentation contains forward-looking statements within the provisions of the Private Securities Litigation Reform Act of #### that are based on current expectations, estimates, and projections about the industry, markets and economical environment in which the Company operates. Such statements involve risks and uncertainties that could cause actual results to differ materially from the results discussed in these statements. These risks are detailed in the Company's annual report and Form ##-K filed with the Securities and Exchange Commission. Today's call leaders are Rick Simons, President and Chief Executive Officer; Edward Gaio, Vice President and Chief Financial Officer. Gentlemen, you may now begin. Rick Simons - Hardinge Inc. - CEO and COO Thank you George. Good morning, everyone. This is Rick Simons. Thank you for joining us on our third quarter operations update. Let...

...Jerry Revich - Goldman Sachs - Analyst Good morning, everyone. Thank you very much for joining us for this presentation and Q&A session for Vulcan Materials. I'm Jerry Revich, and joining me today from Vulcan today we have Donald James, CEO, and Dan Sansone, CFO. Gentleman, thank you so much for joining us. Why don't we kick it off with a free company overview and then we'll jump to questions? Donald James - Vulcan Materials - Chairman, CEO Okay. Thank you very much for being here. I see many familiar faces. Thank you for your interest in Vulcan. Let me also introduce Mark Warren, who is Director of Investor Relations, and he is the guy who can provide you information if you need it. In the handout, and I hope you all have gotten it, we didn't put this on the screen, but if you look at look on pages ##, ##, and ##, we have given you some historical data on the performance of Vulcan coming out of the prior three recessions. That would be the recession of the mid-####s, the early ####s, and...

...Peter Sklar BMO Capital Markets - Analyst Bill Chisholm MacDougall, MacDougall & MacTier - Analyst David Pupo Macquarie Securities - Analyst...

...Joe Lovejoy Fisher Communications, Inc. - SVP and CFO Colleen Brown Fisher Communications, Inc. - President and CEO...

...George Notter Jefferies & Company - Analyst Derek Sheeler Laidlaw Capital Management - Analyst Herb Chen Lattanzio Chen Management - Analyst...

...Virginie Banet Lagardere SCA - Chief of IR Dominique D'Hinnin Lagardere SCA - CFO Didier Quillot Lagardere Active - CEO...

...Rebecca Alexander Yucheng Technologies - IR Manager Weidong Hong Yucheng Technologies - Chairman, CEO Steve Dai Yucheng Technologies - CFO...

...Geoff Grande SkillSoft Corporation - IR Chuck Moran SkillSoft Corporation - President and CEO Tom McDonald SkillSoft Corporation - CFO and EVP, Operations...

...James Falcoff Robert W. Baird - Analyst Paul Silverstein Credit Suisse - Analyst Nikos Theodosopoulos UBS - Analyst Amir Rozwadowski Barclays Capital - Analyst Vivek Arya BAS-ML - Analyst George Notter Jefferies & Co. - Analyst Simon Leopold Morgan Keegan - Analyst Christian Schwab Craig-Hallum Capital - Analyst Larry Harris C.L. King - Analyst Chris Polancey - Analyst...

...David Jaffe Dress Barn - President, CEO Armand Correia Dress Barn - CFO Keith Fulsher Dress Barn - CMO Lisa Rhodes Dress Barn - CMO Maurices...

...John Morris BMO Capital Markets - Analyst Jeff Klinefelter Piper Jaffray & Co. - Analyst Jeff Black Barclays Capital - Analyst Kimberly Greenberger Citigroup - Analyst Paul Lejuez Credit Suisse First Boston - Analyst Janet Kloppenburg JJK Research - Analyst Adrienne Tennant Friedman, Billings, Ramsey Group, Inc. - Analyst Brian Tunick JPMorgan Chase & Co . - Analyst Michelle Tan Goldman Sachs - Analyst Stacy Pak SP Research - Analyst Lorraine Hutchinson BAS-ML - Analyst Marnie Shapiro The Retail Tracker - Analyst...

...A. Highlights: #. Revenue down slightly. a. Similar to last few quarters. #. OpEx in line with expectations. #. Factoring out the payment to SimulScribe made in #Q##, use of cash was better than expected, primarily due to good collections. #. As Co. integrates and aligns with SimulScribe products, lowered OpEx run rate to little over $#m per qtr. after one-time expenses....

...Steve Sadove - Saks Incorporated - Chairman and CEO Good afternoon. I thought what I would do today is spend a few minutes talking about facts, how we're doing with dealing with the current environment, and then we'll open it up to any questions that you have. To start, I think many of you know, we have ## Saks Fifth Avenue full-line stores, ## outlet stores, and a growing Saks.com business. Many of the assets of Saks are well-known. It's an exceptional well-renowned brand; great vendor relationships; leading American, European designers; we have a loyal customer base about ###,### proprietary card users. About ##% of our sales come from credit card accounts. We have valuable unencumbered real estate. We own ## of our full-line Saks Fifth Avenue stores. It represents about ##% of our square footage, including the New York City flagship store. And we have a, I think, one of the best management teams in the industry that I think has, I believe, dealt very well with this difficult economic...

...Jean-Francois Ott Orco Property Group - CEO Nicolas Tommasini Orco Property Group - Deputy CEO, Interim CFO...

...Jill Isenstadt The Blueshirt Group - IR Dominic Orr Aruba Networks, Inc. - President & CEO Steffan Tomlinson Aruba Networks, Inc. - CFO Keerti Melkote Aruba Networks, Inc. - Co-Founder & CTO Hitesh Sheth Aruba Networks, Inc. - COO...

...Judy Hong Goldman Sachs - Analyst Doug Ernst Banc of America - Analyst Bryan Hunt Wells Fargo - Analyst Karru Martinson Deutsche Bank - Analyst Reza Vahabzadeh Barclays Capital - Analyst Christina McGlone Deutsche Bank - Analyst Carla Casella JPMorgan - Analyst Arthur Winston Pilot Advisors - Analyst Joel Roville Standard Pacific Capital - Analyst...

...Operator Good afternoon, ladies and gentlemen. This is the Chorus Call conference operator. Welcome and thank you for joining Hellenic Petroleum's third quarter #### financial results conference call. As a reminder, all participants are in listen-only mode. And the conference is being recorded. After the presentation, there will an opportunity to ask questions. (Operator Instructions) At this time, I would like to turn the conference over to Mr. John Costopoulos, CEO, Mr. Andreas Siamisies, CFO, Mr. George Alexopoulos, Corporate Planning and Development Director; and Mr. George Grigoriou, IRO. Gentlemen, please go ahead. John Costopoulos - Hellenic Petroleum SA - CEO Good afternoon, ladies and gentlemen. This is John Costopoulos. I welcome you again to our quarterly conference call and our results. You have the presentation of the quarterly and the nine-month results I guess in front of you. So I will flip over page three, which is the summary of the results for the quarter and for the...

...Thorkild Diness Jensen Rockwool International A/S - VP - Group Branding & Communications Gilles Maria Rockwool International A/S - CFO...

...Anthony Marchese Monarch Capital - Analyst Ronald Urvater Capital Partners - Analyst Tony Cammen Eastwood Partners - Analyst...

...Shilpa Tatoni Ivanhoe Energy Inc. - IR Contact Ian Barnett Ivanhoe Energy Inc. - EVP of Corporate Development and Finance Robert Friedland Ivanhoe Energy Inc. - Executive Co-Chairman, President and CEO...

...Toni Sacconaghi Sanford Bernstein - Analyst Bill Shope Credit Suisse - Analyst Maynard Um UBS - Analyst Richard Gardner Citigroup - Analyst Ben Reitzes Barclays Capital - Analyst Katie Huberty Morgan Stanley - Analyst Mark Moskowitz JPMorgan - Analyst David Bailey Goldman Sachs - Analyst Scott Craig Bank of America - Analyst Chris Whitmore Deutsche Bank - Analyst Amit Darvanani RBC Capital Markets - Analyst Stephen Fogs CLSA - Analyst Jeff Fidacaro Susquehanna - Analyst Jayson Noland Robert Baird - Analyst Keith Bachman Bank of Montreal - Analyst...

...Paul Warburg Central Garden & Pet Company - VP, Assistant Secretary Bill Brown Central Garden & Pet Company - Chairman, CEO Jeff Blade Central Garden & Pet Company - CFO, Secretary...

...Toni Sacconaghi Sanford Bernstein - Analyst Bill Shope Credit Suisse - Analyst Maynard Um UBS - Analyst Richard Gardner Citigroup - Analyst Ben Reitzes Barclays Capital - Analyst Katie Huberty Morgan Stanley - Analyst Mark Moskowitz JPMorgan - Analyst David Bailey Goldman Sachs - Analyst Scott Craig Bank of America - Analyst Chris Whitmore Deutsche Bank - Analyst Amit Darvanani RBC Capital Markets - Analyst Stephen Fogs CLSA - Analyst Jeff Fidacaro Susquehanna - Analyst Jayson Noland Robert Baird - Analyst Keith Bachman Bank of Montreal - Analyst...

...Linda Tsai MKM Partners - Analyst Sharon Zackfia William Blair & Company - Analyst Mitch Kummetz Robert W. Baird & Company, Inc. - Analyst Jim Duffy Thomas Weisel Partners - Analyst Stephanie Wissink Piper Jaffray & Co. - Analyst Lee Jordano Imperial Capital - Analyst Jeff Van Sinderen B. Riley & Co. - Analyst Randal Konik Jefferies & Company - Analyst...

...Stephanie Wissing Piper Jaffray - Analyst Paul Lejuez Credit Suisse - Analyst Anna Andreeva JPMorgan Chase & Co. - Analyst Jeff Van Sinderen B. Riley & Co. - Analyst Eric Better Brain Murray - Analyst Liz Pierce Ross Capital Partners - Analyst Elizabeth Montgomery Longbow Research - Analyst...

...Judy Davies Verigy Ltd. - VP IR and Marketing Communications Keith Barnes Verigy Ltd. - Chairman, CEO, and President Bob Nikl Verigy Ltd. - CFO...

...Harvey Kamil - NBTY, Inc. - President and CFO Thank you very much. Appreciate the introduction. Just a little correction, it's not me, it's the team and it's Scott Rudolph who's my boss and he's the driving force of the Company. But I'll take some credit to being part of the team, but that's all, but it's certainly not. But thank you very much for those kind words. So again, stock symbol NTY on the New York Stock Exchange. Now, why I'm not moving. Okay, pushing the wrong button. That would make sense. In any case, just getting back to the forward-looking statements. Full disclosure on forward-looking statements is in our ##-K and in all our announcements, and also on our website. So who are we? NBTY again was originally was the symbol, our NASDAQ symbol. We are, again, almost ##,### associates working for the Company. So we're a series of brands. If you see this slide here, again, of all the brands you'll see that one of the brands, Nature's Bounty, which is on top. Even today, we changed...

...Tatiana Bradiska UBS - Analyst Anindya Mohinta Marble Bar - Analyst Sergei Donskoy Troika Dialog - Analyst Boris Krasnojenov Renaissance Capital - Analyst Yuri Maslov Nevsky Capital - Analyst Veronika Lyssogorskaya HSBC - Analyst Andrey Markov Renaissance capital - Analyst Dmitry Smallen Eurosil Capital - Analyst...

...Robert Katz Senvest - Analyst Jeffrey Meyers Cobia Capital - Analyst Kelly Pan Pantheon Capital - Analyst Bill Wilson - Private Investor...

...Geoff Grande SkillSoft Corporation - IR Chuck Moran SkillSoft Corporation - President and CEO Tom McDonald SkillSoft Corporation - CFO and EVP, Operations...

...Mark Wiltamuth - Morgan Stanley - Analyst Good morning everybody. Welcome back. My name is Mark Wiltamuth. I'm the grocery and drugstore analyst for Morgan Stanley. Up next is Shoppers Drug Mart. Shoppers is the leading drugstore in the Canadian market. This is actually a company that has the highest square footage growth across all of Morgan Stanley's retail coverage. They do about ##% to ##% square footage growth. Lately there has been a little regulatory overhang on the stock because of some reforms going on in Ontario, which affects about half of the store base. So hopefully we'll get an update on that today. But let me turn it over to Jurgen Schreiber, CEO of Shoppers Drug Mart. Jurgen Schreiber - Shoppers Drug Mart Corporation - President and CEO Thanks Mark. Thanks for joining us. For some of you who don't know us and who don't know Shoppers very well, just a few words. It's a little different split than you would see in a typical US drugstore. We have ##% of our business actually...

...Vincent Andrews - Morgan Stanley - Analyst Thank you and welcome back. I'm Vincent Andrews, Morgan Stanley's Agricultural Products Analyst, and it's my pleasure to welcome the Archer Daniels Midland Company back to our conference. Today we have Steve Mills, Chief Financial Officer, as well as Dwight Grimestad, who's the head of Investor Relations, with us, and I'm just going to turn it over to Steve. Steve Mills - Archer Daniels Midland Co. - EVP, CFO Well, thank you, Vincent, and we appreciate the opportunity to present here at the Morgan Stanley conference, and we certainly appreciate your interest in the Archer Daniels Midland Company. I'm pleased to discuss the strengths of our Company and the opportunities we see to continue building long-term value for our shareholders. And, as Vincent said, I'm joined today by Dwight Grimestad, our head of Investor Relations, who will be available during the question-and-answer period. And let me remind you that our comments today are covered by...

...Mark Wiltamuth - Morgan Stanley - Analyst Welcome back. My name is Mark Wiltamuth. I'm the grocery and drugstore analyst for Morgan Stanley. Next up, we have SUPERVALU. Up here on the podium we have Craig Herkert, CEO and President, and Pam Knous, Chief Financial Officer. As you may know, SUPERVALU has recently announced a new turnaround story under Craig's leadership. So we will turn it over to him for the story. Craig Herkert - SUPERVALU INC. - CEO and President Good afternoon. I will do my best not to read to you this afternoon this late in the day, but I have one or two things I do need to read. So forgive me for this. Before we get started please take a moment to review our Safe Harbor statement October ## earnings release as it contains guidance on fiscal ####. You will find additional color on our guidance in this release as well as earnings call, Webcast -- both of which are available on SUPERVALU.com Website. This presentation does not constitute an update or reiteration of this...

...Adam Holt JPMorgan - Analyst Jim Macdonald First Analysis - Analyst Heather Bellini ISI Group - Analyst Bryan Keane Credit Suisse - Analyst Sarah Friar Goldman Sachs - Analyst Brad Zelnick Macquarie - Analyst Laura Lederman William Blair - Analyst Gil Luria Wedbush Morgan - Analyst Scott Schneeberger Oppenheimer - Analyst Brendan Barnicle Pacific Crest Securities - Analyst Michael Millman Millman Research - Analyst Sasa Zorovic Janney Montgomery Scott - Analyst Ross MacMillan Jeffries & Company - Analyst James Ansoni Banc of America - Analyst...

...James Falcoff Robert W. Baird - Analyst Paul Silverstein Credit Suisse - Analyst Nikos Theodosopoulos UBS - Analyst Amir Rozwadowski Barclays Capital - Analyst Vivek Arya BAS-ML - Analyst George Notter Jefferies & Co. - Analyst Simon Leopold Morgan Keegan - Analyst Christian Schwab Craig-Hallum Capital - Analyst Larry Harris C.L. King - Analyst Chris Polancey - Analyst...

...Jill Isenstadt The Blueshirt Group - IR Dominic Orr Aruba Networks, Inc. - President & CEO Steffan Tomlinson Aruba Networks, Inc. - CFO Keerti Melkote Aruba Networks, Inc. - Co-Founder & CTO Hitesh Sheth Aruba Networks, Inc. - COO...

...John Morris BMO Capital Markets - Analyst Jeff Klinefelter Piper Jaffray & Co. - Analyst Jeff Black Barclays Capital - Analyst Kimberly Greenberger Citigroup - Analyst Paul Lejuez Credit Suisse First Boston - Analyst Janet Kloppenburg JJK Research - Analyst Adrienne Tennant Friedman, Billings, Ramsey Group, Inc. - Analyst Brian Tunick JPMorgan Chase & Co . - Analyst Michelle Tan Goldman Sachs - Analyst Stacy Pak SP Research - Analyst Lorraine Hutchinson BAS-ML - Analyst Marnie Shapiro The Retail Tracker - Analyst...

... It's my pleasure to introduce our next restaurant, the Wendy's/Arby's Group. Wendy's is -- the Wendy's/Arby's combined, perhaps, is the nation's third-largest quick service operator. It was created about ## months ago when Wendy's and Arby's merged in a stock-four-stock deal. Since that time, the Company has set out an aggressive cost-cutting plan and set out an agenda to improve sales. While sustained sales improvements remained elusive and certainly in the industry, I think the Company has over-delivered on some of those cost commitments. If I can editorialize for a minute, I think that there is great brand material here, particularly as Wendy's continues to be ranked as the number one hamburger brand for consumers, number one in terms of speed of service, and wins accolades from consumers on both of those fronts. Here to lay out the Wendy's/Arby's story is Steve Hare. Steve is the Company's Chief Financial Officer and he came from the...

...Operator Good day, ladies and gentlemen, and welcome to the Q# #### Orange ## Inc. conference call. I'll be your operator today. At this time all participants are in a listen-only mode. We will conduct a question-and-answer session towards the end of this conference. (Operator Instructions). As a reminder, this conference is being recorded for replay purposes. I would now like to turn the call over to Mr. Stone Douglass, Chairman and Chief Executive Officer. Please proceed. Stone Douglass - ORANGE ## INC - Chairman, CEO Thank you Anita. Welcome to Orange ##'s earnings call to discuss results for the third quarter of ####. Following our presentation, our Chief Financial Officer, Jerry Collazo, and I will be available to answer any questions you might have and Jerry's now going to review our forward-looking statements before we begin our discussions. Jerry Collazo - ORANGE ## INC - CFO Thank you, Stone, and good afternoon everyone. I would like to remind all of you that certain statements...

...Wayne Smith - Community Health - Chairman, President & CEO Thanks, Gary. You know, that's the best introduction I've probably had today. It's certainly better than the one you used to give me when you were at Bank of America. So that's an improvement. I'm glad to see that things are going well. Anyway, let me kind of see if I can get through a couple of these quick early slides here in terms of -- as you probably know, we are the largest publicly traded hospital company today. How long that will last, I don't know. We hear -- there's winds around that there might be another one coming out pretty soon. But we have ### hospitals across the country in non-urban and mid-size markets. We're in ## states, and I'll talk about the significance of the ## states here in just a few minutes. Our third quarter results -- our revenue was up ##.#%, our EBITDA up #.#%, our EPS up ##%, and we improved our same-store margins about ## basis points to ##.#%. Year-to-date our EPS is up ##%, our revenue is up...

...Operator Good afternoon and welcome to the Books-A-Million quarterly conference call. This call is being recorded today November ##. At this time, I would like to turn the conference over to Mr. Douglas Markham, Executive Vice President and Chief Administrative Officer. Please go ahead, sir. Douglas Markham - Books-A-Million, Inc. - EVP and CAO Good morning, everyone. With me today is Clyde Anderson, President, Chairman and Chief Executive Officer of Books-A-Million; Terry Finley, our Executive Vice President and Chief Merchandising Officer; and Brian White, our Chief Financial Officer. We are pleased to host this conference call regarding the Company's third quarter fiscal #### results which were issued this afternoon. Before we begin, I would like to remind everyone that management's comments in this conference call which are not based on historical facts are forward-looking statements. It should be noted that the Company's future results may differ materially from those anticipated and...

...John Glass - Morgan Stanley - Analyst Alright. Good afternoon, everyone. Welcome back to the restaurant track. My name's John Glass. I follow restaurants here at Morgan Stanley. The name Domino's and pizza has been synonymous for as long as I can remember and, specifically, synonymous with delivery pizza. The Company's strong brand equity, combined with its largely franchised model, means that each year Domino's can generate over $### million in EBITDA with just $## million of capital spend. And I would challenge you to find another company at this conference that does that kind of capital efficiency. Here to speak for Domino's is the Company's head of IR and Communications, Lynn Liddle, as well as the Company's Chief Financial Officer, Wendy Beck. And Wendy joined Domino's about a year ago, ## months ago, from a career elsewhere in QSR, including Checkers and Whataburger. And we also have joining us upstage Chris Dursiden, who is the Company's Treasurer. So with that, Lynn, I'll turn it...