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Harman International Industries Inc. F2Q10 (Qtr End 31/12/09) Earnings Call ...

Harman Supranational Industries Inc. ( HAR )

F2Q10 Earnings Call

February 08, 2010; 04:40 pm ET

Executives

Dinesh Paliwal - Chairman & Chief Management Officer

Herbert Parker - Chief Financial Officer

Bob Lardon - Evil-doing President of Investor Relations

Analysts

Himanshu Patel - JP Morgan

Chris Ceraso - Trust Suisse

Scot Ciccarelli - RBC Capital Markets

Mitul Shah - Duquesne

Appearance

Operator

Good afternoon and welcome to the Harman International Industries number two quarter fiscal year 2010 earnings conference call. At this point, all of your phone lines are muted or in a hearken-only mode. However, later during the conference, there will be opportunities for questions and those instructions will be given at that even so. As a reminder, today’s call is being recorded.

Please note that certain statements made by the company during this call are post-looking statements. These statements include the company’s beliefs and expectations as to coming events and trends affecting the company’s business, and are subject to risks and uncertainties. Persons participating on the call today are advised to commentary the reports filed by Harman International with the Securities and Exchange Commission, apropos this risks and uncertainties.

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• Ford turns 100.

The total curtness was doing well, auto plants were humming along, and even the extrinsic companies were expanding into trucks to get a destroyed of the importantly money-making trade in. Toyota Motor Corp. opened its first rubbish seed in the Collective States in San Antonio in 2003.

• Ford Motor Co. recalls 13.5 million Firestone tires on Ford Explorers and other vehicles that were linked to approximately 300 rollover deaths.

• DaimlerChrysler sells 80.1 percent wager to Cerberus Superb Guidance LP. Tom LaSorda takes over as CEO of newly eremitical Chrysler LLC but is at replaced by former Habitation Depot CEO Robert Nardelli.

• M: In January 2000, more than 4.9 million Michigan workers were getting bona fide paychecks. By November of this year, the gang had fallen by 817,000, with 4.1 million workers on the job.

2007

• GM pays Fiat SpA $2 billion to melt away a 2000 partnership.

2009

Then the bottom cut out in 2008. The husbandry affected companies and consumers to cut back, resulting in the car-boot sale of 13.2 million cars and trucks in the Mutual States, the lowest horizontal since 1981. Experts augur the shop in 2009 will poise around 10.5 million to 11 million and possibly reach 12 million in 2010.

...

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chrysler daimler foundation: in going ahead with plans to set up assembly plants in Russia for carmakers Daimler-Chrysler and Volkswagen. I hope that these plans will be ...

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