Earnings Call Excerpt
Atheros Communications (ATHR)
Q3 2007 Earnings Call
October 29, 2007 5:00 pm ET
Executives
Deborah Stapleton - IR Counsel
Dr. Craig Barratt - President and CEO
Jack Lazar - CFO
Analysts
Adam Benjamin – Jefferies
Sanjay Devgan - Morgan Stanley
Mark Heller - Merrill Lynch
Jonathan Goldberg - Deutsche Bank
Eric Ghernati - Banc of America Securities
Romit Shah - Lehman Brothers
Allan Mishan - CIBC World Markets
Amit Kapur - Piper Jaffray
Rubin Roy - Pacific Crest Securities
Shaw Wu - American Technology Research
Edwin Mok - Needham
Kwang Kim - Eaton Vance
Presentation
Operator
Welcome and thank you for standing by. (Operator instructions) I would like now to turn the meeting over to your speaker, Miss Deborah Stapleton. Thank you and you may begin.
Deborah Stapleton
Welcome to the Atheros’ third quarter earnings results conference call. Joining me in the call today will be Dr. Craig Barratt, President and CEO and Jack Lazar, CFO.
But before we begin I’d like to remind you that various remarks that we make on this call, including those about our future financial results; our future plans, goals and prospects; expected market trends; anticipated revenues from our expanded portfolio of communications products and our customers; our competitive position; our anticipated growth, profitability, leadership position in various markets and expected new product interjections, constitute forward-looking statements for the purposes of the safe harbor provision under the Private Securities Litigation Reform Act. These forward-looking statements and all other statements that may be made on this call that are not historical facts, are subject to a number of risks and uncertainties that may cause actual results to differ materially.
We refer you to our annual report on form 10-K for the year ended December 31, 2006, and our quarterly report on 10-Q for the quarter ended June 30, 2007 previously filed with the FCC, and in particular the section entitled ?Risk Factors? and to other reports that we file from time to time with the FCC, for additional information on factors that could cause actual results to differ materially from our current expectations. These forward-looking statements speak only as the day hereof and we disclaim any obligation to update these forward-looking statements.
Having said that, I’ll turn the call over to Dr. Craig Barratt.
Dr. Craig Barratt
Thanks to everyone for joining us today. I am pleased to report record revenue, operating profit and net income for the third quarter of 2007. The third quarter was our tenth consecutive quarter of revenue growth, and our ninth consecutive quarter of increased operating profits.
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