Mercury Computer Systems, Inc. (MRCY)
F4Q10 (Qtr End 06/30/10) Earnings Call
August 03, 2010 05:00 am ET
Bob Hult - SVP, CFO and Treasurer
Mark Aslett - President and CEO
Jim McIlree - Merrill Lynch
Tyler Hojo - Sidoti & Company
Mark Jordan - Noble Financial
Kevin Ciabattoni - Boenning and Scattergood
Jonathan Ho - William Blair
Good day and welcome everyone to the Mercury Computer Systems Incorporated Fourth Quarter Fiscal 2010 Earnings Results Conference Call. Today’s call is being recorded. At this time for opening remarks and introduction, I would like to turn the call over to the company’s Senior Vice President and Chief Financial Officer Mr. Bob Hult. Please go ahead sir.
Good afternoon and thank you for joining us. With me today is our President And Chief Executive Officer Mark Aslett. If you have not received the copy of the earnings press release, you can find it on our website at www.mc.com. We’d like to remind you that remarks that we may make during this call about future expectations, trends and plans for the company and its business constitute forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words may, will, should, plans, expects, anticipates, continue, estimate, project, intent and similar expressions. Such forward looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated.
These risks include, but are not limited to general economic and business conditions including un-foreseen weaknesses in the company’s markets. Effects have continued geo-political unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, continued funding of defense programs, the timings of such funding, changes in US government’s interpretation of federal procurement rules and regulations, market acceptance of the company’s products, shortages in components, production delays due to performance, quality issues with outsource components. Inability to fully realize the expected benefits from acquisitions and divestitures or delays in realizing such benefits. Challenges in the integrating and acquired businesses and achieving anticipated synergies and difficulties in maintaining key customers.