Microsemi Corp. F1Q08 (Qtr End 12/30/07) Earnings Call Transcript

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2008-01-24 20:10:00.0

Tags: Microsemi Corp.

Earnings Call Excerpt

Microsemi Corp. (MSCC)

F1Q08 Earnings Call

January 24, 2008 4:45 PM ET

Executives

James Peterson - President and Chief Executive Officer

David Sonksen - Executive Vice President, Chief Financial Officer and Secretary

Steven Litchfield - Executive Vice President and President of Analog Mixed Signal

John Hohener - Vice President - Finance, Treasurer and Chief Accounting Officer

Terri Donnely – Coordinator

Analysts

Rick Schafer - Oppenheimer & Co.

Tore Svanberg - Thomas Weisel Partners

John Lau - Jefferies & Company

Harsh Kumar - Morgan Keegan

Nicholas Aberle - Caris & Company

Vern Essi, Jr. - Needham & Co.

J. Steven Smigie - Raymond James & Associates

Romit Shah - Lehman Brothers

Andrew Huang - American Technology Research

Craig Berger - Friedman Billings Ramsey

Christopher Longiaru - Sidoti & Company

Analyst for Shawn Webster - J.P. Morgan Securities

Steve Park - Wedbush Morgan

Presentation

Operator

At this time I would like to welcome everyone to the Microsemi first quarter earnings conference call. (Operator Instructions) I would now like to turn the call over to Miss Terri Donnely. Please go ahead.

Terri Donnely

Good afternoon, and welcome to Microsemi’s first quarter fiscal year 2008 conference call. I am Terri Donnely, coordinator of this call. In a few moments you will hear from and have an opportunity to ask questions of Jim Peterson, our President and Chief Executive Officer, of Dave Sonksen, our Executive Vice President and Chief Financial Officer, of Steve Litchfield, our Executive Vice President and President of the Analog Mixed Signal Group, and of John Hohener, our Vice President of Finance. A recording of this conference call will be available on the Microsemi website for 30 days under the investor section. Our website is located at www.microsemi.com.

Let me remind you that during the course of this conference call management will state beliefs and make projections or other forward looking statements regarding future events and the future financial performance of the company. Due to the changes in public companies’ abilities to communicate with analysts and investors brought about by SEC rules on fair disclosure, Microsemi issues guidance in the form of a limited business outlook on our expectations for the next quarter. This business outlook reflects our expectations as of January 24, 2008 and is continually subject to reassessment due to changing market conditions and other factors and therefore must be considered only as management’s present opinion and actual results may be materially different. However, management undertakes no obligation to update these or any forward looking statements whether as a result of new information, future events, or otherwise. If an update to our business outlook is provided the information will be in the form of a news release. We wish to caution you that all of our statements except the company’s top financial results are just our opinions, predictions, and present expectations. Actual future events or results may differ materially. I refer you for some of the risks to Microsemi’s report on form 10-K for he fiscal year ended September 30, 2007 which was filed with the SEC on November 21, 2007. Information about Microsemi filed with the SEC is available free of charge at www.SEC.gov. These reports identify important factors that could cause actual results to differ materially from projections. That said, we can begin. Here is Jim Peterson.

 

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