Verizon Communications (VZ)

Q4 2010 Earnings Call

January 25, 2011 8:30 am ET


Francis Shammo - Chief Financial Officer and Executive Vice President

Ivan Seidenberg - Chairman and Chief Executive Officer

Lowell McAdam - President, Chief Operating Officer and Chairman of the Verizon Wireless

John Doherty - Senior Vice President of Investor Relations


Christopher Larsen - Piper Jaffray Companies

John Hodulik - UBS Investment Bank

Kevin Smithen - Macquarie Research

Michael Rollins - Citigroup Inc

Simon Flannery - Morgan Stanley

David Barden

Jason Armstrong - Goldman Sachs Group Inc.



Ladies and gentlemen, Mr. John Doherty.

John Doherty

Good morning. Welcome to Verizon's Investor Conference. Thanks for joining us here at Cipriani Wall Street, where we are live webcast, where I understand we have an additional 500 plus people that have signed in. We hope you're all as excited as we are to be meeting with you in person, as we end 2010 and kick off 2011. Before we get started, I would like to point out that our fourth quarter earnings release, financial statements, investor quarterly publication and the earnings presentation slides are all currently available on our Investor Relations website. At the conclusion of this morning's meeting, the strategic and financial overview piece will also be posted to the website for your reference and use. All historical information has been adjusted for the effects of the change in the benefit plan accounting that we announced on Friday. It is my pleasure to be joined this morning by our Chairman and Chief Executive Officer, Ivan Seidenberg; our President and Chief Operating Officer, Lowell McAdam; and our Executive Vice President and Chief Financial Officer, Fran Shammo.

If you can switch to be agenda slide. We will start our session this morning with the review of our fourth quarter earnings by Fran, and then we're going to have a brief Q&A session just after that, where I'd really like you to stay focused on the earnings that we released in that piece of the agenda. We're going to be followed by our strategic and financial piece, and then we'll open it up to a broader Q&A, where we'll have Ivan join us, as well as Fran and Lowell, of course. So with that, I'd like to hand it over to our Chief Executive Officer, Ivan Seidenberg. Ivan?

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