Marvell Technology Group Ltd MRVL
Q1 2013 Earnings Call Transcript

Transcript Call Date 05/17/2012

Operator: Good day, ladies and gentlemen, and welcome to the First Quarter 2013 Marvell Technology Group Earnings Conference Call. My name is Larry, and I'll be your operator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session.

I would now like to turn the conference over to your host for today, Mr. Sukhi Nagesh, Vice President of Investor Relations, please proceed.

Sukhi Nagesh - VP, IR: Thanks you, Larry, and good afternoon, everyone. Welcome to Marvell Technology Group's first quarter fiscal 2013 earnings call. I am Sukhi Nagesh, Vice President of Investor Relations and with me on the call today are Sehat Sutardja, Marvell's CEO; and Clyde Hosein, Marvell's CFO. We will all be available during the Q&A portion of the call today.

If you have not obtained a copy of a current press release, it can be found at our company website under the Investor Relations section at I also want to highlight that starting this quarter we will be posting a slide deck summarizing our quarter results in IR section of our website for investors. Additionally, this call is being recorded and will be available for replay from our website.

Please be reminded that today's discussion will include forward-looking statements that involve risks and uncertainties that could cause our results to differ materially from management's current expectations. The risks and uncertainties include our expectations about sales of new and existing products, including statements about our TD, TD-LTE, FDD-LTE, PON, HDD and SSD products, statements of our general trends and the end markets we serve, future growth opportunities, statements about market share, impacts of flooding in Thailand, statements regarding our financial prediction for the second quarter of fiscal 2013, and our expectations about long-term growth.

To fully understand the risks and uncertainties that may cause results to differ from our expectations and outlook, please refer to today's earnings release, our latest annual report on Form 10-K, and subsequent SEC filings for a detailed description of our business and associated risk. Please be reminded that all of our statements are made as of today and Marvell undertakes no obligation to revise or update publicly any forward-looking statements.

During our call today, we will make reference to certain non-GAAP financial measures, which exclude the effect of stock-based compensation, amortization of acquired intangible assets, acquisition related costs, restructuring costs and certain onetime expenses and benefits that are driven primarily by discrete events that management does not consider to be directly related to our core operating performance.

Pursuant to Regulation G, we have provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures in our first fiscal quarter 2013 earnings press release, which has been furnished to the SEC on Form 8-K, and is available on our website in the Investor Relations section.

Read our Earnings Call Transcript disclaimer.
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