Monday, November 28, 2005

Netflix spokesman at investor conference

Via AZ Central
International banker Credit Suisse First Boston is sponsoring an invitation-only conference for 400 investor clients in Phoenix, AZ, and Netflix will be there.

"Face time," said Steve Swasey, spokesman for Netflix, the online movie rental company whose CEO and co-founder, Reed Hastings, is scheduled to present the company's outlook Wednesday.

Hastings may tell all about how the company expects to grow to 5 million subscribers next year or how the company ships 1.2 million DVDs daily - 25,000 at its Phoenix distribution center alone - and other information readily available on its Web site and elsewhere. But for the investors, the conference provides better insight, Swasey said.

"They get to know who's behind the management team in which they're investing," Swasey said.

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