Yahoo! Inc. (YHOO) Q2 2010 Earnings Call Transcript July 20, 2010 5:00 pm ET Executives Marta Nichols – IR Carol Bartz – CEO Tim Morse – CFO Analysts Youssef Squali – Jefferies & Co. Brian Pitz – UBS Mark Mahaney – Citi Imran Khan – JP Morgan Jason Helfstein – Oppenheimer & Co. Jeetil Patel – Deutsche Bank Securities James Mitchell – Goldman Sachs Sameet Sinha – JMP Securities Ross Sandler – RBC Capital Markets PresentationOperator
Good afternoon, ladies and gentlemen, and welcome to the Yahoo! second quarter 2010 earnings conference call. At this time, all participants are in listen-only mode. Later, we will be conducting a question-and-answer session. Please note that this conference is being recorded. I will now turn the call over to Ms. Marta Nichols. Ms. Nichols, you may begin. Marta Nichols Thank you and good afternoon. Welcome to Yahoo!’s second quarter 2010 earnings conference call. On the call today will be Carol Bartz, Chief Executive Officer and Tim Morse, Chief Financial Officer. Before we begin, I'd like to remind you that today's call will contain forward-looking statements concerning matters such as our expected financial and operational performance, long-term financial objective and Search Alliance with Microsoft, as well as our expectations for the economy in general and online advertising in particular and our strategic operational and product plans. Actual results may differ materially from the results predicted in our statements and reported results should not be considered indicative of future performance. Potential risks and uncertainties that could cause our business and financial results to differ materially from our forward-looking statements are described in our Form 10-Q filed with the SEC May 10th, 2010, as well as in the earnings release included as Exhibit 99.1 to the Form 8-K we furnished today to the SEC.