Comcast Q3 2008 Earnings Call Transcript

Oct. 29, 2008 12:10 PM ETComcast Corporation (CMCSA)
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Comcast Corporation (NASDAQ:CMCSA) Q3 2008 Earnings Call October 29, 2008 8:30 AM ET


Marlene S. Dooner - Investor Relations

Brian L. Roberts - Chairman of the Board, President, Chief Executive Officer

Michael J. Angelakis - Chief Financial Officer

Stephen B. Burke - Chief Operating Officer, Executive Vice President; President of Comcast Cable


Ingrid Chung - Goldman Sachs

Craig Moffett - Sanford C. Bernstein

Jessica Reif-Cohen - Merrill Lynch

John Hodulik - UBS

Benjamin Swinburne - Morgan Stanley

Doug Mitchelson - Deutsche Bank

Thomas Eagan - Collins Stewart

Bryan Goldberg - J.P. Morgan

Vijay Jivant - Barclays Capital

Spencer Wang - Credit Suisse


Good morning, ladies and gentlemen, and welcome to Comcast's third quarter 2008 earnings conference call. (Operator Instructions) I will now turn the call over to Senior Vice President, Investor Relations, Ms. Marlene Dooner. Please go ahead, Ms. Dooner.

Marlene S. Dooner

Thank you, Operator, and welcome, everyone, to our third quarter 2008 earnings call. Joining me on the call are Brian Roberts, Steve Burke, and Michael Angelakis.

Before we start, let me refer everybody to slide number two, which contains our Safe Harbor disclaimer and remind you that this conference call includes forward-looking statements subject to certain risks and uncertainties.

In addition, in this call we will refer to certain non-GAAP financial measures. Please refer to our press release for the reconciliation of non-GAAP financial measures to GAAP.

And now for opening remarks, I will pass to Brian Roberts for his comments. Brian.

Brian L. Roberts

Thanks, Marlene. I think you will see we had solid financial and operating results this quarter but I want to begin the call by stepping back and just commenting on the obviously unique and challenging economic time that we are all living through in the United States. Is cable a good business? Is

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