Earnings Call Excerpt
ADC Telecommunications, Inc. (ADCT)
F2Q08 Earnings Call
June 4, 2008 5:00 pm ET
Executives
Mr. Mark Borman – Investor Relations
Robert E. Switz – President, Chief Executive Officer, Director
James G. Mathews – Chief Financial Officer, Vice President
Analysts
Steven O’Brien – JP Morgan
Kenneth Muth – Robert W. Baird & Co.
Tal Liani – Merrill Lynch
Nikos Theodosopoulos – UBS
Paul Silverstein – Credit Suisse
George Notter – Jeffries & Co.
Cobb Sadler – Deutsche Bank
Jack Monty – Lehman Brothers
Brian Coyne – Friedman, Billings, Ramsey & Co.
Christian Schwab – Craig-Hallum Capital
Simon Leopold – Morgan, Keegan & Company
Ray Archibald – Kaufman Bros.
Todd Kaufman – Raymond James
Presentation
Operator
Good afternoon. My name is Ellie and I will be your conference operator today. At this time I would like to welcome everyone to the ADC second quarter earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks there will be a question-and-answer session.
(Operator Instructions)
Mr. Borman you may begin your conference.
Mark Borman
Thank you Ellie. Good afternoon and thank you for joining us today. Bob Switz, ADC’s President and CEO as well as Jim Mathews, ADC’s CFO are with me today.
Before we get started I need to caution you that today’s conference call contains forward-looking statements and that future events and results could differ materially from the forward-looking statements made today. Actual results may be affected by many important factors including risks and uncertainties identified in our earnings release and in the risk factors included in Item 1A of ADC’s annual report on Form 10K for the fiscal year ended October 31, 2007 and as may be updated in Item 1A of ADC’s subsequent reports on Form 10Q or other reports filed with the SEC. This earnings release can be accessed at the Investor Relations section of ADC’s website at www.ADC.com/Investor.
ADC’s comments will be on a continuing operations and GAAP basis. Bob will provide an update of ADC’s business developments. He will then turn the call over to Jim who will cover the financial results and forward looking financial model guidance. I will now turn the call over to ADC’s CEO, Bob Switz.
Robert Switz
Good afternoon and thank you Mark. I want to begin today by congratulating all of the ADC employees worldwide on the fantastic results delivered in the second quarter. 16% year-over-year revenue growth demonstrates that we have successfully positioned ADC in the high growth segment of fiber based communications networks and the wireless, coverage and capacity segment of the market. Our customers worldwide are building networks that deliver broadband services to their business, residential and mobile subscribers and innovative, high quality ADC products are at the heart of those networks.
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