Earnings Call Excerpt
JDSU Corp. (JDSU)
Q2 2006 Earnings Conference Call
February 1st 2006, 5:00 PM.
Executives:
Jacquie Ross, Director of Investor Relations
Kevin Kennedy, Chief Executive Officer
David Vellequette, Chief Financial Officer
Analysts:
Subu Subrahmanyan, Sanders Morris Harris Group
Michael Genovese, Citigroup
John Harmon, Needham & Company
John Anthony, Sg Cowen & Co
Brant Thompson, Goldman sachs
Ehud Gelblum, J.P. Morgan
Paras Bhargava, BMO Nestbitt Burns
Presentation:
Operator
Good day ladies and gentleman and welcome to the JDSU Fiscal 2006 Second Quarter Results Conference Call. My name is Maria and I will be your coordinator for today. Operator Instructions At this time I would now like to turn the presentation over to Ms Jacquie Ross, Director of Investor Relations, please proceed.
Jacquie Ross, Director of Investor Relations
Thank you Maria and welcome to the JDSU Fiscal 2006 Second Quarter Conference Call. Joining me on the call today is Kevin Kennedy, Chief Executive Officer and David Vellequette, Chief Financial Officer. Before we get started, I would like to remind you that this call is likely to include forward looking statements about the future financial performance of the company. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from management’s current expectations.
We encourage you to look at the Company’s most recent filings with the SEC, particularly the risk factor section of our Form 10-Q filed for the quarter ended September 30th 2005 and 10-K filed for the year ended June 30th 2005. The forward-looking statements including guidance provided during this call are valid only as of today’s date, February 1st 2006. And JDSU undertakes no obligations to publicly update these statements as we move through the quarter. Our comments today will include non-GAAP measures. A detailed reconciliation of these non-GAAP results to our GAAP results as well as the discussion of the usefulness and limitations of these non-GAAP measures is included in today’s news release announced our results available on our website at www.jdsu.com. Finally and as a reminder, this call is being recorded and will be available for replay from the investor portion of our website, again, at www.jdsu.com/investors. I would now like to introduce JDSU’s Chief Executive Officer Kevin Kennedy.
Kevin Kennedy, Chief Executive Officer
Good afternoon and thank you for joining us today. JDSU’s Fiscal 2006 Second Quarter Results consistent with prior guidance, includes some important milestones for the company with our strongest revenue and profitability improvement performance in many years. So, the framework for today’s discussion, I would like to first share with you on my observations on JDSU progress to-date and on our continuing journey.
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