Earnings Call Excerpt
Cree, Inc. (CREE)
F4Q09 Earnings Call
August 11, 2009 5:00 pm ET
Executives
Raiford Garrabrant – Director of Investor Relations
Charles M. Swoboda – Chairman and Chief Executive Officer
John T. Kurtzweil – Chief Financial Officer
Analysts
Yair Reiner - Oppenheimer & Co.
Harsh Kumar - Morgan, Keegan & Company, Inc.
Jesse Pichel - Piper Jaffray
Dale Pfau - Cantor Fitzgerald
William Ong - Merriman Curhan Ford
Hans Mosesmann - Raymond James
[Lauren Fuller] for Daniel Amir – Lazard Capital Markets
Jonathan Dorsheimer - Canaccord Adams
Steven Milunovich - BAS-ML
Carter Shoop - Deutsche Bank Securities
[Elliott Grosovsky] – Morgan Joseph
[Ramesh Misra – Burgansy Advisors]
Presentation
Operator
Ladies and gentlemen, thank you for standing by and welcome to the Cree, Incorporated fiscal 2009 fourth quarter and year end financial results conference call. (Operator Instructions) As a reminder, ladies and gentlemen, this conference is being recorded today, Tuesday, August 11. Thank you.
I would now like to introduce Raiford Garrabrant, Director of Investor Relations of Cree, Incorporated. Mr. Garrabrant, you may begin your conference.
Raiford Garrabrant
Thank you, Paula, and good afternoon. Welcome to Cree’s fourth quarter fiscal 2009 earnings conference call. By now you should have all received a copy of the press release. If you did not receive a copy, please call our office at 919-287-7895 and we will be pleased to assist you.
Today Chuck Swoboda, our Chairman and CEO and John Kurtzweil, Cree’s CFO will report on our results for the fourth quarter and fiscal year 2009. Please note that we will be presenting both GAAP and non-GAAP financial results in our remarks during today’s call, which are reconciled in our press release and financial metrics posted in the Investor Relations section of our website at www.cree.com under FY 2009’s financial metrics.
Today’s presentation includes forward-looking statements about our business outlook, and we may make other forward-looking statements during the call. These may include comments concerning trends in revenue, gross margin and earnings, plans for new products and other forward-looking statements indicated by words like anticipate, expect, target and estimate. Such forward-looking statements are subject to numerous risks and uncertainties. Our SEC filings noted in the release mention important factors that could cause actual results to differ materially.
Also, we’d like to note that we will be limiting our comments regarding Cree’s fourth quarter fiscal year 2009 to a discussion of the information included in our earnings release and the metrics posted on our website. We will not be able to answer any questions that would involve providing additional financial information about the quarter beyond the comments made in the prepared remarks.
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