Earnings Call Excerpt
Sierra Wireless (SWIR)
Q4 2005 Earnings Conference Call
January 26th 2006, 4:30 PM.
Executives:
Jason Cohenour, President and CEO
David McLennan, CFO
Analysts:
Amit Kapur, Piper Jaffray
Andrew Lee, TD Newcrest
John Bucher, Harris Nesbitt
Dev Bhangui, Haywood Securities
Amy Mann, JP Morgan Chase
Glenn Tracey, Pacific International Securities
Nick Augustino
Deepak Chopra, National Bank Financial
Jeff Kaval, Lehman Brothers
Presentation
Operator
Thank you for holding for the Sierra Wireless Fourth Quarter Results Conference Call. During the presentation all participants will be in listen-only mode. Afterwards, we will conduct a question and answer session. At that time, if you have a question, please press the 1 followed by the 4 on your telephone. As a reminder, this conference is being recorded Thursday, January 26, 2006. I would like to introduce your speakers, Jason Cohenour and David McLennan, please go ahead.
Jason Cohenour, President and CEO
Thanks Vanessa. Good afternoon everyone and thanks for joining the call. I am Jason Cohenour, President and CEO of Sierra Wireless and with me is David McLennan, our CFO. Today, we are going to review our Q4 2005 results and provide guidance for Q1 2006. The agenda is as follows. Dave lost the coin toss and will read the forward-looking statements disclaimer. I will cover business highlights and our product update. Dave will cover Q4 financial performance and Q1 guidance. I will then sum up the call and open the line for questions. So on to Dave.
David McLennan, CFO
Thanks Jason and good afternoon everyone. This information contains forward-looking statements that are not promises or guarantees but are only predictions that relate to future events or our future performance or state other forward-looking information and are subject to substantial risks and uncertainties that could cause our actual results, performance, or achievements to differ materially from those expressed, anticipated, or implied by the forward-looking statements.
These forward-looking statements relates to among other things our revenue, earnings, and other financial guidance for the first quarter of fiscal 2006, plans, objective, and timing for the introductions or enhancements of our services and products. Statements concerning strategies, developments, statements about future market condition, supply conditions, channel, and then customer demand conditions projected or future revenues, gross margins, operating expenses, profits, and other statements of expectations, intentions, objectives and plan that are not statements of historical fact. When using this press release towards may, expect, believe, intend, anticipate, estimates, predicts, and similar expressions generally identify forward-looking statements. Forward-looking statements reflect our current expectations, the risks and uncertainties that may affect our actual results, performance or achievements on many and include among others our ability to develop, manufacture, supply, and market new products that we do not produce today and that may not gain commercial acceptance.
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