Sohu.com Inc. ( SOHU) Q4 2010 Earnings Call January 31, 2011 8:30 am ET Executives Tip Fleming - Investor Relations, Christensen Charles Zhang - Chairman and Chief Executive Officer Belinda Wang - Co-President and Chief Operating Officer Carol Yu - Co-President and Chief Financial Officer Analysts Dick Wei - JP Morgan Eddie Leung - BofA Merrill Lynch C Ming Zhao - Susquehanna Financial Group Jenny Wu - Morgan Stanley Wallace Cheung - Credit Suisse Catherine Leung - Goldman Sachs Wendy Huang - RBS Gene Munster - Piper Jaffray Alicia Yap - Citigroup PresentationOperatorOperator
Ladies and gentlemen, welcome to the Q4 2010 Sohu Earnings Conference Call on the 31st of January 2011. Throughout today's recorded presentation all participants will be in a listen-only mode. After the presentation, there will be an opportunity to ask questions. (Operator Instructions) I would now hand the conference to Tip Fleming from Christensen. Please go ahead, sir. Tip Fleming Thank you, operator, and thank you for joining us today to discuss Sohu.com’s fourth quarter 2010 results. On the call today are Chairman and Chief Executive Officer, Dr. Charles Zhang; Co-President and Chief Operating Officer, Belinda Wang; Co-President and Chief Financial Officer, Carol Yu; Chief Technology Officer, Xiaochuan Wang; Senior Finance Director, James Deng. Also with us from ChangYou.com are CEO, Mr. Tao Wang; President and Chief Operating Officer, Dewen Chen; and Chief Financial Officer, Alex Ho. Before management begins their prepared remarks, I would like to remind you of the company’s Safe Harbor statement in connection with today’s conference call. Except for the historical information contained herein, the matters discussed in this conference call are forward-looking statements. These statements are based on current plans, estimates and projections and therefore you should not place undue reliance on them.