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Overstock.com Inc. (OSTK)
Q4 2005 Earnings Conference Call
February 7th 2006, 11:00 AM.

Executives:

David Chidester, Senior Vice President, Finance
Dr. Patrick Byrne, President of Overstock.com

Analysts:

Aaron Kessler, Piper Jaffray
Scott Devitt, Stifel Nicolaus
Frank Christina, Avondale Partners
Rebecca Kujawa, Stanford Group
Paul Keung, CIBC World Markets
Justin Post, Merrill Lynch

Presentation

Operator

Good morning everyone, my name is Jenny and I will be your conference moderator today. I would like to welcome each of you to Overstock.com 2005 Financial Results Conference Call. At this time, all lines are in a listen-only mode. Later, we will announce the opportunity for questions, and instructions will be given at that time. A web-based slide presentation will be used during this call, and is available for download or viewing over the Internet on the company website: www.shareholder.com/overstock. If you’re listening via the telephone and want to see the presentation via the internet, please ensure that you select the no audio slides only option. If you select the regular webcast, you will experience up to a 25-second delay. If you should need any assistance during this call, please press “*

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