Earnings Call Excerpt
Actel Corporation, Inc. (ACTL)
Q1 2008 Earnings Call
April 29, 2008 5.00 pm ET
Executives
John East - President and Chief Executive Officer
Jon Anderson - Vice President of Finance and Chief Financial Officer
Analysts
Gary Mobley - Piper Jaffray
David Cohen - Skygate Capital
Thomas Clogus - Graham Partners
Justin Hibbard - Quidnunc
Richard Shannon - Northland Securities
Shawn Boyd - Westcliffe Capital
Presentation
Operator
Welcome to the Actel Corporation's conference call regarding its Financial Results for the First Quarter of 2008. A replay of this call will be available for one week at 1800-642-1687, Conference ID number 31168306. You can also access this call on Thomson CCBN through a link on Actel's website at www.actel.com. This call is being recorded.
To ensure that the question-and-answer session proceeds in an orderly manner, participants will be returned to queue after one question and one follow-up question.
All forward-looking statements during this call are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements. Additional information concerning risk these factors that could cause actual results to differ materially from those projected in the forward-looking statements are contained in Actel's most recent Forms 10-K, and 10-Q, which are available on Actel's website and will be provided to you free of charge upon request. At this time, all parties have been placed on a listen-only mode. The floor will be opened for question and comments following the presentation.
It is my pleasure to hand the floor to your host, Mr. John East, President of Actel.
John East - President and Chief Executive Officer
Thanks, Abigail. Good afternoon. I'm John East, the President and CEO of Actel. With me is Jon Anderson, our Vice President of Finance and CFO. After Jon reviews the results for the quarter, I'll talk briefly about our current business environment and give you an update of our new product offerings.
Thanks. And now I'd like to turn the call over to Jon. Jon?
Jon Anderson - Vice President of Finance and Chief Financial Officer
Thanks, John. Before I talk about the financial details for the first quarter, let me tell you how we'll provide financial information regarding the second quarter. We'll give guidance on the call today. The guidance will be the Company's targets for the second quarter on sales, gross margin, operating spending, other income, tax rate, and share count. Next we expect to provide a financial update in early June. In the absence of a material change, this will be the only financial guidance the Company will give during the quarter. A replay of this call will be made available. Please access the Company website for the replay information.
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