Earnings Call Excerpt
Sun Microsystems Inc. (SUNW)
Q2 2006 Earnings Release Conference Call
January 24th 2006, 1:30 PM.
Executives:
Bret Schaefer, VP, IR
Stephen McGowan, Chief Financial Officer, EVP - Corporate Resources
Scott McNealy, Chairman, Chief Executive Officer
Jonathan Schwartz, Chief Operating Officer, President
Analysts:
Laura Conigliaro, Goldman Sachs, Analyst
Richard Farmer, Merrill Lynch, Analyst
Keith Bachman, Banc of America, Analyst
Tony Sacconaghi, Sanford Bernstein, Analyst
Presentation
Bret Schaefer, VP, IR
Good afternoon. Thank you for joining the Sun Microsystems Quarterly Conference Call. With me today is Scott McNealy, Sun's Chairman and Chief Executive Officer; Jonathan Schwartz, Sun's President and Chief Operating Officer; Steve McGowan, Sun's Chief Financial Officer and Executive Vice President, Corporate Resources.
The purpose of today's call is to discuss the results of Sun's Fiscal Year 2006 Second Quarter which ended on December 25, 2005. During the last hour, we published a copy of the operations analysis data sheet with nine quarters of financial and operations information, including the quarter just completed. If you have not received the earnings announcement or the detailed financial datasheet for any reason, or you wish to hear a live broadcast of this conference call, you may log on to our website at www.sun.com\investors.
We have posted slides you can view on the web which accompany our prepared remarks. These slides may be viewed at the same URL, www.sun.com\investors. Simply click on the link marked "Earnings Releases." Finally, we will also post a transcript of our prepared financial remarks on our website after the conclusion of this call. The prepared remarks of our call today will last about 30 minutes with the remaining 30 minutes devoted to the Q&A session.
During the course of this conference call, we will make projections or other forward-looking statements regarding expected future financial results and business opportunities. Such statements are just predictions and involve risks and uncertainties such that actual results may differ materially. I would like to refer you to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the fiscal year ended June 30, 2005, and the company's quarterly report on Form 10-Q for the quarter ended September 25, 2005. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in our projections. In addition, during the course of the conference call, we will describe certain non-GAAP financial measures, which should be considered in addition to, and not in lieu of comparable GAAP financial measures. Please refer to the earnings call financial slides and the operations analysis posted in the earnings release section of our website at www.sun.com\investors for the most directly comparable GAAP financial measure and related reconciliation.
Ladies and gentleman, we will now begin the question and answer portion of today’s call. If you have a question please press ?*
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