Adobe Systems F4Q06 (Qtr End 12/01/06) Earnings Call Transcript

Dec. 14, 2006 9:12 PM ETAdobe Inc. (ADBE)
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Adobe Systems, Inc. (NASDAQ:ADBE) F4Q06 Earnings Call December 14, 2006 5:00 PM ET

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Bruce Chizen - CEO and Acting CFO

Shantanu Narayen - President and COO

Rich Rowley - VP and Corporate Controller

Mike Saviage - VP of IR


Jay Vleeschhouwer - Merrill Lynch

Steve Ashley - Robert W. Baird

Tom Ernst - Deutsche Bank

Rick Sherlund - Goldman Sachs

Walter Pritchard - Cowen

Adam Holt - JP Morgan

Heather Bellini - UBS

John McPeake - Prudential

Brent Thill - Citigroup

Philip Rueppel - Wachovia Securities

Ross MacMillan - Jefferies

Gene Munster - Piper Jaffray

Sasa Zorovic - Oppenheimer

Dan Cummins - Banc of America


Good day, everyone, and welcome to the Adobe Fourth Quarter and Fiscal Year 2006 Earnings Call. Today’s call is being recorded. At this time, I would like to turn the call over to Mr. Mike Saviage, Vice President of Investor Relations. Please go ahead, sir.

Mike Saviage

Good afternoon and thank you for joining us today. Joining me on the call are Bruce Chizen, our CEO and acting CFO; Shantanu Narayen, President and COO; and Rich Rowley, our new Vice President and Corporate Controller.

In the call today, we will discuss Adobe’s fourth quarter and fiscal year 2006 financial results. By now, you should have a copy of our earnings press release, which crossed the wire approximately 45 minutes ago. If you need a copy of the press release, you can go to under the Company and press links to find an electronic copy.

Before we get started, I want to emphasize that some of the information discussed in this call, particularly our revenue and operating level targets and our forward-looking

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