Earnings Call Excerpt
NetApp (NTAP)
F2Q09 Earnings Call
November 12, 2008 5:00 pm ET
Executives
Tara Dhillon – Sr. Director Investor Relations
Daniel Warmenhoven – CEO
Thomas Georgens – President & COO
Steven Gomo – CFO
Analysts
Benjamin Reitzes – Barclays Capital
Aaron Rakers – Wachovia Capital Markets
Louis Miscioscia – Cowen & Co.
Louis Miscioscia – Cowen & Co.
Min Park – Goldman Sachs
Katy Huberty – Morgan Stanley
Shelby Seyrafi - Calyon Securities
Bill Choi - Jeffries
Mark Moskowitz – JP Morgan
Brian Freed – Morgan, Keegan & Company
Bill Shope – Credit Suisse
William Fearnley – FTN Midwest Securities
Thomas Curlin – RBC Capital Markets
Brent Bracelin – Pacific Crest Securities
Wamsi Mohan – Merrill Lynch
Chris Whitmore – Deutsche Bank
Alex Kurtz - Merriman Curhan Ford
Keith Bachman – BMO Capital Markets
Analyst for Kaushik Roy – Pacific Growth Equities
Clay Sumner – Friedman, Billings, Ramsey
Glenn Hanus – Needham and Company
Presentation
Operator
Good day ladies and gentlemen and welcome to the NetApp second quarter of fiscal year 2009 earnings conference call. My name is Eric and I will be your coordinator for today. (Operator Instructions) I would now like to turn the call over to Ms. Tara Dhillon, Senior Director of Investor Relations; please proceed.
Tara Dhillon
Good afternoon everyone. Thank you for joining us today. Our call is being webcast simultaneously and will be available for replay on our website at www.netapp.com along with the earnings release, the financial tables and the reconciliation between the GAAP and non-GAAP numbers.
In the course of today’s call we will make forward-looking statements and projections that involve risk and uncertainty including statements regarding our financial performance in future periods, including Q3 of FY09, our expectations regarding future growth and market share and our expectations regarding our future headcount and tax rate. Actual results may differ materially from our statements or projections. Factors that could cause actual results to differ from our projections include, but are not limited to, customer demand for products and services, increased competition, and the material and adverse global economic market conditions that currently exist, particularly in the credit market. Other equally important factors are detailed in our accompanying press release as well as our 10-K and 10-Q reports on file with the SEC and also available on our website, all of which are incorporated by reference in today’s discussion.
We would also like to notify you that in accordance with SEC guidance published on August 22, 2008, NetApp will begin to disseminate material information about the company through our corporate website within the next several fiscal quarters. We intend to designate a separate portion of our website for purposes of these disclosures and will include a prominent link on our site to allow visitors to locate this information, which NetApp will routinely update. The website will supplement, rather than replace, NetApp’s current existing channels of information distribution.
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