International Business Machines (IBM) Q4 2010 Earnings Call January 18, 2011 4:30 pm ET Executives Mark Loughridge - Chief Financial Officer and Senior Vice President of Finance & Enterprise Transformation Patricia Murphy - IR Analysts Louis Miscioscia - Collins Stewart LLC Joseph Foresi - Janney Montgomery Scott LLC Benjamin Reitzes - Barclays Capital Robert Cihra - Caris & Company Moshe Katri - Cowen and Company, LLC John Slack Kathryn Huberty - Morgan Stanley Toni Sacconaghi - Bernstein Research David Grossman - Stifel, Nicolaus & Co., Inc. Jason Maynard - Wells Fargo Securities, LLC PresentationOperator
Welcome, and thank you for standing by. [Operator Instructions] Now I will turn the meeting over to Ms. Patricia Murphy, Vice President of Investor Relations. Ma'am, you may begin. Patricia Murphy Thank you. This is Patricia Murphy, Vice President of Investor Relations for IBM. I'm here with Mark Loughridge, IBM's Senior Vice President and CFO, Finance and Enterprise Transformation. Thank you for joining our fourth quarter earnings presentation. The prepared remarks will be available in roughly an hour, and a replay of this webcast will be posted to our Investor Relations website by this time tomorrow. Our presentation includes certain non-GAAP financial measures in an effort to provide additional information to investors. All non-GAAP measures have been reconciled to their related GAAP measures in accordance with the SEC rules. You will find reconciliation charts at the end and in the Form 8-K submitted to the SEC. Let me remind you that certain comments made in this presentation may be characterized as forward looking under the Private Securities Litigation Reform Act of 1995. Those statements involve a number of factors that could cause actual results to differ materially. Additional information concerning these factors is contained in the company’s filings with the SEC. Copies are available from the SEC, from the IBM website or from us in Investor Relations.