Micron Technology Inc MU
Q2 2013 Earnings Call Transcript

Transcript Call Date 03/21/2013

Operator: Good day, ladies and gentlemen afternoon and thank you for standing by. My name is Huey and I'll be your conference facilitator today. At this time, I'd like to welcome everyone to Micron Technology's Second Quarter 2013 Financial Release Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period.

It is now my pleasure to turn the floor over to your host, Kipp Bedard. Sir, you may begin your conference.

Kipp A. Bedard - VP, IR: Thank you very much and welcome to Micron Technology's second quarter 2013 Financial Release Conference Call. On the call today is Mark Durcan, CEO and Director; Mark Adams, President; and Ron Foster, Chief Financial Officer and Vice President of Finance.

This conference call, including audio and slides, is also available on our website at If you have not had an opportunity to review the second quarter 2013 financial press release, again, it is also available on our website at

Our call will be approximately 60 minutes in length. There will be an audio replay of the call accessed by dialing 404-537-3406 with a confirmation code of 21046896. This replay will run through Thursday, March 28, 2013 at 5.30 pm Mountain Time. A webcast replay will be available on the Company's website until March 2014. We encourage you to monitor our website at throughout the quarter for the most current information on the Company, including information on various financial conferences that we will be attending. Please note the following Safe Harbor statement.

During the course of this meeting, we may make projections or other forward-looking statements regarding future events or the future financial performance of the Company and the industry. We wish to caution you that such statements are predictions, and that actual events or results may differ materially.

We refer you to the documents the Company files on a consolidated basis from time-to-time with the Securities and Exchange Commission, specifically the Company's most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause the actual results for the Company on a consolidated basis to differ materially from those contained in our projections or forward-looking statements. These certain factors can be found in the Investor Relations section of Micron's website.

Although we believe that the expectations reflected in the forward-looking statements are reasonable. We cannot guarantee future results, levels of activity, performance or achievements. We are under no duty to update any of the forward-looking statements after the date of the presentation to conform these statements to actual results.

Now I will turn the call over to Mr. Mark Durcan. Mark?

D. Mark Durcan - CEO, Director: Thanks Kipp. I'd like to start today with an overview of the key developments during the quarter and follow-up with a few strategic and industry update, then I'll turn it over to Ron for financial summary and we will close with Mark Adams discussing key developments in our business units operations and market conditions.

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