This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

China Digital TV Holding Management Discusses Q4 2010 Results - Q&A Transcript

China Digital TV Holding Co. Ltd. ( STV)

Q4 2010 Earnings Call

March 1, 2011 7:00 PM ET


Eric Yuan – IR Officer

Dong Li – President and Chief Marketing Officer

Henry Fraser – Brunswick Group

Zhenwen Liang – CFO


Philip Wan – Morgan Stanley

Jie Liu – Auriga

Michael Olson – Piper Jaffray

Question-and-Answer Session

Op erator

[Operator Instructions] Our first question comes from the line of Philip Wan of Morgan Stanley. Please proceed.

Philip Wan – Morgan Stanley

Hi, good morning, Mr. Li, Mr. Liang and Eric. Congrats on a very strong quarter. I have three questions, first of all could you please help us to understand the big gap between the guidance and actual smart card shipment in the fourth quarter and also for the first quarter, could you share with us that what percentage of your smart card shipment guidance has been shipped up-to-date? Thank you.

Eric Yuan

Okay. Thank you, Philip. I’ll ask our President Mr. Li to answer your question.

Dong Li

[Interpreted] Okay, Philip, there are two – a couple of reasons to expand the gap between our guidance in the fourth quarter and the fourth quarter of 2010. The main reason is seasonality factor; normally the fourth quarter is better season in the industry. While the fourth quarter is actually the slowest season in the industry because of the Chinese New Year factor and also in March there is a big industry show which also will distract some attention from operators.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs