Earnings Call Excerpt
NetApp (NTAP)
F3Q09 Earnings Call
February 11, 2009 5:00 pm ET
Executives
Tara Dhillon – Sr. Director Investor Relations
Daniel Warmenhoven – CEO
Thomas Georgens – President & COO
Steven Gomo – CFO
Analysts
Wamsi Mohan – Merrill Lynch
Brian Marshal – American Technology Research
Min Park – Goldman Sachs
Brian Freed – Morgan, Keegan & Company
Keith Bachman – BMO Capital Markets
Mark Moskowitz – JP Morgan
Bill Choi - Jeffries
William Fearnley – FTN Midwest Securities
Chris Whitmore – Deutsche Bank
Benjamin Reitzes – Barclays Capital
Jayson Noland – Robert W. Baird & Co.
Alex Kurtz - Merriman Curhan Ford
Kaushik Roy – Pacific Growth Equities
Bill Schultz – Credit Suisse
Brent Bracelin – Pacific Crest Securities
Presentation
Operator
Welcome to the NetApp, Inc. third quarter 2009 earnings conference call. (Operator Instructions) I would now like to turn the presentation over to your host for today’s call, 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 web cast live and will be available for replay on our website at www.netapp.com along with the earnings release, the financial tables and GAAP and non-GAAP reconciliations. Today we are also presenting slides concurrently with our audio remarks. They will be available for download on our Investor Relations site at the end of this call.
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 Q4 of FY09, our expectations regarding future growth, market share and customer demand, our expectations with respect to our inventory management, the expected costs of settling a dispute with the Federal Government, the expected financial benefits from our restructuring actions and our expectations regarding our effective 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, our ability to maintain or increase backlog and increase revenue, increased competition and the material and adverse global economic market conditions that currently exist. 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.
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