Sunday, June 20, 2010



Conference Specific Terms:

Since a Business Transcriptionist is expected to script a business conference call, here is a glossary of a few conference specific terms that you will come across in a call. Just familiarize yourself with the terms. It will help!

Glossary of Conference Specific Terms:

Conference Specific Terms
Meaning
Analyst
An expert who studies financial data and recommends appropriate business actions.
Archived
A collection of historical records and documents.
Broadcast
To transmit information across the telephone or via a webcast.
Cautionary statements
Statements made in a conference that disclaims guarantee that the forward-looking statements would come true or obligation to update them.
CEO (Chief Executive Officer)
The corporate executive responsible for the operations of the firm.
CFO (Chief Financial Officer)
The corporate executive that has financial authority to make appropriations and authorize expenditures in a company.
COO (Chief Operating Officer)
The corporate executive who is responsible for the day-to-day management of a company.
CTO (Chief Technology Officer)
The corporate executive focused on scientific and technical issues within a company.
Dial-in
Dial-in is a method of connecting to a remote computer using communication software, a modem and a telephone line.
Disclaimers
Disclaimers are any statement intended to voluntary deny the rights and obligations that may be exercised and enforced.
Dow Jones
An index of 30 blue-chip companies trading their shares on the New York Stock Exchange.
Earnings Release
The press release that shows the earnings statements and informs about the finances of a company.
Expressly qualified
Intended to limit the scope of rights or obligation.
Federal securities law
A set of rules and regulations made by the government agency for general oversight of the securities industry.
Follow-up Question
A question asked to review the answer given to a previous question.
Form 10-K
A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC).
Form 10-Q
A Form 10-Q is a quarterly report or report for three months required by the SEC.
Fortune 500
The annually published list by Fortune magazine listing 500 of the highest revenue generating U.S. companies.
Forward-looking statement
Any statement predicting, projecting, or using future events as expectations or possibilities that cannot sustain itself as merely a historical fact.
Full Year
12 month period.
GAAP
(Generally Accepted Accounting Principles) A collection of rules and procedures and conventions that define accepted accounting practices.
Half-year
6 month period.
Host
A individual or company hosting the conference call.
Investor Relations
A corporate department that communicates with shareholders.
Listen-only mode
This is used to make participants of a conference call that during the presentation part they can only listen to the call and not interrupt the flow of the call by asking questions or raising doubts.
Moderator
A person presiding over the conference call by queuing up questions and introducing analysts in Q&A in an orderly fashion, usually the operator of the call.
NASDAQ
A key U.S. stock market index.
NYSE
New York Stock Exchange: a stock exchange in New York
Operator
A person who moderates the conference call.
Presentation
The initial part of the teleconference where the corporate executives give out information regarding the company's business.
Private Securities Litigation Reform Act of 1995
An Act passed in 1995 in United States to prevent frivolous securities lawsuits, which basically says that investors shouldn't proceed with a case unless they have hard facts in hand that strongly suggest a deliberate fraud.
Projections
A prediction extrapolated from past observations
Q&A
Question and Answer
Q&A roster
An online queue formed by the operator of analysts who want to ask questions to the corporate executives, during a teleconference.
Q&A session
The second part of the teleconference, after the presentation, where analysts ask questions to corporate executives regarding the business.
Q1
First quarter, the first three months of the company's operations in a year.
Q2
Second quarter, the second three months period of the company's operations in a year.
Q3
Third quarter, the third three months period of the company's operations in a year.
Q4
Fourth quarter, the fourth and final three months period of a company's operations in a year.
Quarter-over-quarter
Generally used to denote comparison between two quarters, i.e., the quarter just ended, and the quarter before that.
Queue
Same as Q&A roster.
Replay
A recorded archive of the teleconference.
S&P 500
Standard and Poor's stock price index comprising the 500 largest companies in the U.S.
Safe Harbor Statement
Cautionary statement published by the company that advices the investors to not put too much reliance on forward-looking statements as they are subject to a number of risks and uncertainties that can't be controlled by the company, and thus lead to results that may differ from the projected statements.
SEC (Securities and Exchange Commission)
The U.S. Securities and Exchange Commission is an independent agency of the U.S. government which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets.
Speakerphone
A telephone with a microphone and loudspeaker that can be used without picking up the handset, so that several people can participate in a call at the same time.
Teleconference
A conference of people situated at different locations made possible through the use of telecommunication devices such as internet, telephone, etc.
Telephone Keypad
The keypad showing numbers on a telephone.
Webcast
A conference call conducted over the Internet using streaming media technology. It can be used for live calls or replays as well.
Year-end
The end of the year. 31st December for a calendar year, 31st March for Financial Year.
Year-over-year
Generally used to denote comparison between two years, i.e., the year just ended, and the year before that.

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