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Network Equipment CEO Discusses F2Q2011 Results - Earnings Call Transcript

Network Equipment Technologies, Inc. ( NWK)

F2Q2011 Earnings Call Transcript

October 27, 2010 5:00 pm ET

Executives

Leigh Salvo – IR

David Wagenseller – VP, Finance and CFO

Nick Keating – President and CEO

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the fiscal second quarter 2011 Network Equipment Technologies earnings conference call. My name is Amesia and I will be your coordinator today. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session towards the end of the conference. (Operator instructions) I would now like to turn the call over to Ms. Leigh Salvo, Investor Relations. Please proceed.

Leigh Salvo

Welcome, everyone, to our call this afternoon during which we will discuss results for Network Equipment Technologies second quarter of fiscal 2011. With me today are Nick Keating, President and CEO, and David Wagenseller, Vice President and CFO.

In keeping with the Safe Harbor provisions of the Private Securities Litigation Reform Act, I want to remind everyone that we will be making some forward-looking statements and projections today, including those related to future revenue, operating results and financial conditions.

Investors are cautioned that these statements are based on a current estimates and assumptions that involve risks and uncertainties that might cause actual results to differ materially from those expressed or implied in the forward-looking statements.

These risks and uncertainties include our ability to commercialize new products and product enhancements, success in building new sales channels, achieving broad market acceptance for our products, the status of relations with and performance by third party technology providers, challenges of managing inventory and production of products, certifications and regulatory compliance for new and existing products, federal government budget matters and procurement decisions, circumstances regarding specific sales that can affect the recognition of revenue and other risks, including those identified in the company's filings with the SEC, including forms 10-K and 10-Q and in other press releases and communications.

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