Diamond Offshore Drilling (DO) Q2 2010 Earnings Call July 22, 2010 9:00 am ET Executives Gary Krenek - Chief Financial Officer and Senior Vice President Robert Blair - Senior Vice President of Contracts & Marketing Les Van Dyke - Director of Investor Relations Lawrence Dickerson - President, Chief Executive Officer, Director and Member of Executive Committee Analysts Ian Macpherson - Simmons & Company Arun Jayaram - Crédit Suisse AG Judson Bailey - Jefferies & Company, Inc. Waqar Syed - Macquarie Research Robin Shoemaker - Citigroup Inc Joe Hill - Copia Capital Angie Sedita - UBS Investment Bank Daniel Boyd - Goldman Sachs Group Inc. PresentationOperator
Good morning. My name is Christie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Diamond Offshore Drilling Second Quarter 2010 Results Conference Call. [Operator Instructions] I will now introduce to you Les Van Dyke, Director of Investor Relations. Please go ahead, sir. Les Van Dyke Good morning, and thank you for joining us. With me on the call today are Larry Dickerson, President and Chief Executive Officer; Gary Krenek, Senior Vice President and Chief Financial Officer; and Bob Blair, Senior Vice President, Contracts & Marketing. Before Larry begins his remarks, I should remind you that statements made during this conference call may constitute forward-looking statements, and are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements include, but are not limited to, discussions about future revenues and earnings, capital expenditures, industry conditions and competition, dates that drilling rigs will enter service, as well as management’s plans and objectives for the future. The discussion of the risk factors that could impact these areas and the company's overall business and financial performance can be found on the company's reports filed with the Securities and Exchange Commission. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements. The company expressly disclaims any obligation to release publicly any updates to any forward-looking statements to reflect any change in the company's expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based.