Earnings Call Excerpt
Saifun (SFUN)
Q4 2005 Earnings Conference Call
February 15th 2006, 8:30 AM.
Executives
Dr. Boaz Eitan, Chairman and CEO
Igal Shany, Chief Financial Officer
Kobi Rozengarten, President
Todd Fromer, Investor Relations
Presentation
Operator
Good day, my name is Jackie and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Saifun Fourth Quarter 2005 Earnings Conference Call. All lines have been placed on a listen-only mode for the duration of the conference. It is now my pleasure to turn the floor over to Todd Fromer. Sir you may begin your conference.
Todd Fromer, Investor Relations
Thank you, and thank you all for joining us this morning for the Saifun Semiconductors Fourth Quarter 2005 Earnings Conference Call. Before I begin, I would like to read the following regarding forward-looking statements. During the course of this conference call, the company may make forward-looking statements regarding future events. We wish to caution you that such statements reflect only the company’s current expectations and that actual events or results may differ materially. You are kindly referred to the risks factors and cautionary language contained in the company’s final prospectus filed on November 10, 2005 with the US Securities and Exchange Commission in connection with the company’s initial public offering. The company undertakes no obligation to update any projections or forward-looking statements in the future. The company will not be providing guidance or opening the conference for questions and answers after the presentation. Although, the company expects to do so following its next earnings call. We will now turn the call over to Dr. Boaz Eitan, Chairman and CEO of Saifun Semiconductors. Boaz, the floor is yours.
Dr. Boaz Eitan, Chairman and CEO
Thank you Todd, and welcome to Saifun Fourth Quarter Earnings Conference Call. And our first conference call is a public conference. We are pleased to be able to share with you our accomplishments over the year and offer some insight into our business. For those who are new to our story, allow me to give a little explanation of what we do. Saifun provides intellectual property solution for the non-volatile memory, most commonly called Flash memory.
We market our NROM technology, which enable semiconductor manufacturers to deliver a variety of products at a lower cost per megabit with more data size, higher density, higher scalability, and better yield compared to the standard technology used today. 2005 was a remarkable year for Saifun. We established the company as a major IP provider in the NVM space. We increased NROM penetration by our licensees, and saw a number of NROM-based product on the market grow.
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