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QuickLogic Corporation Q2 2010 Earnings Call Transcript

QuickLogic Corporation (QUIK)

Q2 2010 Earnings Call Transcript

August 3, 2010 5:30 pm ET

Executives

Tom Hart – President and CEO

Ralph Marimon – VP of Finance and CFO

Andrew Pease – President

Analysts

Edwin Mok – Needham & Company

Brian Coleman – Hawk Hill asset management

Bob West – Nitech Research [ph]

Presentation

Operator

Good day, ladies and gentlemen and welcome to your QuickLogic second quarter 2010 earnings call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. (Operator instructions) As a reminder, today's call is being recorded.

At this time, I would now like to turn the conference over to your host, the Chairman and Chief Executive Officer, Mr. Tom Hart. Sir, you may begin.

Tom Hart

Thank you, Joe. Good afternoon, ladies and gentlemen, and thank you for joining us today for QuickLogic's second quarter 2010 conference call. Joining me here today is our President, Andrew Pease and our CFO, Ralph Marimon. Ralph will take you through our second quarter results, and then I'll share my perspective on our business. Following this, Ralph will detail our guidance for the third quarter of 2010, and then we will take questions. Ralph?

Ralph Marimon

Thank you, Tom. I'll take a moment to read the Safe Harbor statement. During this call, we will make statements that are forward-looking. These forward-looking statements involve risks and uncertainties, including but not limited to stated expectations relating to revenue growth from our new products, statements pertaining to our design activity and our ability to convert new design opportunities into customer activity, market acceptance of our customer's products, our expected results and our financial expectations for revenue, gross margin, operating expenses, profitability, and cash.

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