IncrediMail Ltd. (MAIL)

Q2 2010 Earnings Call Transcript

August 12, 2010 10:00 am ET


Josef Mandelbaum – CEO

Yacov Kaufman – Chief Technology Officer

Ofer Adler – Founder and CPO


Abba Horwitz – Old School Partners

Michael Prouting – 10K Capital

Walter Ramsley – Walrus Partners

Kenneth Miller – Nokomis Capital

Mike Onghai – Ibis Management

Question-and-Answer Session


(Operator instructions) The first question is from Abba Horwitz of Old School Partners. Please go ahead.

Abba Horwitz – Old School Partners

Hi, good afternoon. And welcome aboard, Josef. I’m wondering maybe you guys can outline for us at least at this stage, it’s maybe just too early, what 2011 is going to look like for this company. Obviously you have a nice cash forward that I would personally suggest you not dish out as dividends. But I’m just wondering given the Google situation if you could comment on what you see going into 2011.

Josef Mandelbaum

I’ll take a shot, Abba, and thank you for the question and for the warm welcome. Since this is my first week on the job, I think I’m going to be a little hesitant to kind of say anything about 2011 yet, other than to say that obviously over the next few months my objective here is to work with Yacov and Ofer and the senior management team here to quickly put together an action plan for growth that we will then share with you and everybody else in terms of what our plans are. And hopefully that will help you understand what our plans are going forward for 2011. And we agree in terms of what you’ve said in general, but one of the strong things about the company is its cash position. And I think as we go forward into 2011, we’re going to very covenant of that as well.

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