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This excerpt taken from the WBMD 10-Q filed Nov 13, 2006. Exchange
Rate Sensitivity
Currently, substantially all of our sales and expenses are
denominated in United States dollars; however, Conceptis is
exposed to fluctuations in foreign currency exchange rates,
primarily the rate of exchange of the United States dollar
against the Canadian dollar. This exposure arises primarily as a
result of translating the results of Conceptis’ foreign
operations to the United States dollar at exchange rates that
have fluctuated from the beginning of the accounting period. We
have not engaged in foreign currency hedging activities to date.
Foreign currency translation during the three and nine months
ended September 30, 2006 was not material. There was no
exposure to foreign currency exchange rates during the three and
nine months ended September 30, 2005. We believe that
future exchange rate sensitivity related to Conceptis will not
have a material effect on our financial condition or results of
operations.
This excerpt taken from the WBMD 10-Q filed Aug 9, 2006. Exchange
Rate Sensitivity
Currently, substantially all of our sales and expenses are
denominated in United States dollars; however, Conceptis is
exposed to fluctuations in foreign currency exchange rates,
primarily the rate of exchange of the United States dollar
against the Canadian dollar. This exposure arises primarily as a
result of translating the results of Conceptis’ foreign
operations to the United States dollar at exchange rates that
have fluctuated from the beginning of the accounting period. We
have not engaged in foreign currency hedging activities to date.
Foreign currency translation during the three and six months
ended June 30, 2006 was not material. There was no exposure
to foreign currency exchange rates during the three and six
months ended June 30, 2005. We believe that future exchange
rate sensitivity related to Conceptis will not have a material
effect on our financial condition or results of operations.
As required by Exchange Act
Rule 13a-15(b),
WebMD management, including the Chief Executive Officer and
Chief Financial Officer, conducted an evaluation of the
effectiveness of WebMD’s disclosure controls and
procedures, as defined in Exchange Act
Rule 13a-15(e),
as of June 30, 2006. Based on that evaluation, the Chief
Executive Officer and Chief Financial Officer concluded that
WebMD’s disclosure controls and procedures were effective
as of June 30, 2006.
In connection with the evaluation required by Exchange Act
Rule 13a-15(d),
WebMD management, including the Chief Executive Officer and
Chief Financial Officer, concluded that, except for the
conversion by WebMD to new accounting software described below,
no changes in WebMD’s internal control over financial
reporting occurred during the second quarter of 2006 that have
materially affected, or are reasonably likely to materially
affect, WebMD’s internal control over financial reporting.
During the second quarter of 2006, WebMD implemented a planned
conversion to a new third party accounting software system
different than the one used by Emdeon and no longer relies on
related services that had been provided by Emdeon. As a result,
certain business processes and accounting procedures of WebMD
have changed. These changes were made in accordance with
WebMD’s plan to implement separate accounting systems from
those of Emdeon and not in response to any identified deficiency
or weakness in WebMD’s internal control over financial
reporting.
Table of Contents
This excerpt taken from the WBMD 10-K filed Mar 16, 2006. Exchange
Rate Sensitivity
Currently, substantially all of our sales and expenses are
denominated in United States dollars; however, with the
acquisition of the assets of Conceptis, we are exposed to
fluctuations in foreign currency exchange rates, primarily the
rate of exchange of the United States dollar against the
Canadian dollar. This exposure arises primarily as a result of
translating the results of Conceptis’ foreign operations to
the United States dollar at exchange rates that have fluctuated
from the beginning of the accounting period. As Conceptis was
purchased in December 2005, there was not a material impact on
our results of operations as a result of foreign currency
translation.
We believe that future exchange rate sensitivity related to
Conceptis will not have a material effect on our financial
condition or results of operations.
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