Earnings Call Excerpt
Lattice Semiconductor (LSCC)
Q4 2005 Earnings Conference Call
January 26th 2006, 5:00 PM.
Executives:
Jan Johannessen, Chief Financial Officer
Steve Skaggs, Chief Executive Officer
Analysts:
Christopher Finelli, J.P. Morgan
Gary Mobley, A.G. Edwards
Bill Dezellem, Tieton Capitol Management
Robert Toomey, EK Riley Advisers
Maynard Tyler, Merriman
Sonya Kometsigy, Morgan Stanley
Alex Woodward, Madonna Capital
Presentation
Operator
Good afternoon and welcome to today's conference call. Copies of the Lattice Semiconductor 2005 earnings press release may be obtained from the company's website, which is www.lscc.com. This call is being recorded and broadcast live over the internet by CCBN. A live broadcast and replay of the call will be available on the Lattice Investor Relation site: www.lscc.com At this time, I'd like the turn the call over to Chief Financial Officer, Jan Johannessen. Please, go ahead.
Jan Johannessen, Chief Financial Officer
Thank you. I'm good afternoon, everyone. Joining me on the call today is Steve Skaggs, our President and CEO. Before we begin, I'd like to read the Safe Harbor statement and then give a financial review of the fourth quarter. And then Steve will provide a business review followed by our first quarter outlook. We will then hold a question and answer session. I will now read the Safe Harbor statements.
This conference call may contain forward-looking statements within the meaning of the Federal Security's laws, including statements about the expected impact and timing of the restructuring of our business and financial results, future quarterly financial results, revenues, gross margins, customers, product offerings and the Company's ability to compete. Estimates of future revenue are inherently uncertain due to the higher percentage of quarterly terms business. Investors are cautioned that actual events and results could differ materially from the statements as a result of a number of factors, including the ability of the Company to successfully complete its restructuring without destruction of its business, the ability of the Company to realize the anticipated benefits from the restructuring and the timing of those benefits, the impact of the special litigation committee's investigation and the SEC informal inquiry and any resulting action, development in our pending security's class action litigation, overall semi-conductor market conditions, market acceptance and demand for the Company's new products, the Company's dependencies on its silicon wafer suppliers, the impact of competitive products and pricing, technological and product development risks, and the other risks described from time to time in the filings with the SEC. The Company does not intend to update or revise any forward-looking statements whether it's the results or circumstances after the date here of or to reflect the occurrence of unanticipated events.
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