IBM Q4 2007 Earnings Call Transcript

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International Business Machines Corp. (NYSE:IBM) Q4 2007 Earnings Call January 17, 2008 5:00 PM ET


Patricia Murphy - Vice President, Investor Relations

Mark Loughridge - Chief Financial Officer, Senior Vice President


Andrew Neff - Bear Stearns

Benjamin Reitzes - UBS

Toni Sacconaghi - Sanford C. Bernstein

Richard Gardner - Citigroup

Bill Shope - J.P. Morgan

David Bailey - Goldman Sachs

Louis Miscioscia - Cohen

Katy Huberty - Morgan Stanley

Chris Whitmore - Deutsche Bank


Welcome and thank you for standing by. At this time, all participants are in a listen-only mode. (Operator Instructions) Now I will turn the meeting over to Ms. Patricia Murphy, Vice President of Investor Relations. Madam, you may begin.

Patricia Murphy

Thank you. This is Patricia Murphy, Vice President of Investor Relations for IBM. I am here with Mark Loughridge, IBM’s Senior Vice President and Chief Financial Officer. Thank you for joining our fourth quarter earnings presentation.

By now, the opening page of the presentation should have automatically loaded, and

you should be on the title page. The charts will automatically advance as we move through the presentation but if you prefer to manually control the charts, at any time you can un-check the synchronize button on the left of the presentation.

The prepared remarks will be available in roughly an hour, and a replay of this webcast will be posted to our Investor Relations website by this time tomorrow. The presentation includes certain non-GAAP financial measures in an effort to provide additional information to investors.

All non-GAAP measures have been reconciled to their related GAAP measures in accordance with SEC rules. You will find reconciliation charts at the end and in the Form 8-K submitted to the SEC.

Let me make one other comment about our presentation this quarter. You may notice that

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