Marvell Technology Group Ltd MRVL
Q2 2013 Earnings Call Transcript

Transcript Call Date 08/16/2012

Operator: Good day, ladies and gentlemen, and welcome to the Second Quarter 2013 Marvell Technology Group Ltd. Earnings Conference Call. My name is Jeff, and I'll be your coordinator 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, and you go forward Mr. Nagesh.

Sukhi Nagesh - VP, IR: Thanks you, Jeff, and good afternoon, everyone. Welcome to Marvell Technology Group's second 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 Chairman and 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 our current press release, it can be found at our company website under the Investor Relations section at We will also 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 Hybrid, HDD, SSD, TD, TD-LTE, FDD-LTE, Wi-Fi, and PON product, statements of our general trends and the end markets we serve and future growth opportunities, statements about market shares, statements regarding our financial prediction for the third 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 quarterly – latest report on Form 10-Q, 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 one-time 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 second 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.

Now with that, I would now like to turn the call over to Sehat.

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