Mercury Computer Systems CEO Discusses F1Q2011 Results - Earnings Call Transcript

Mercury Computer Systems (MRCY)

F1Q2011 Earnings Call

October 26, 2010 05:00 pm ET

Executives

Robert Hult - Senior vice President, Chief Financial Officer

Mark Aslett - President, Chief Executive Officer

Analysts

Mark Jordan - Noble Financial

Tyler Hojo - Sidoti & Company

Jonathan Ho - William Blair

Steve Levenson - Stifel Nicolaus

Jim McIlree - Merriman

Presentation

Operator

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Good day and welcome, everyone, to the Mercury Computer Systems first quarter fiscal year 2011 conference call. Today's call is being recorded. At this time, for opening remarks and introductions, I'd like to turn the call over to the Senior Vice President and Chief Financial Officer, Mr. Robert Hult. Please go ahead, sir.

Robert Hult

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, would, plans, expects, anticipates, continue, estimate, project, intend 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 unforeseen weakness in the company's markets, effects of continued geopolitical 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 timing 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 utilize the expected benefits from acquisitions and divestitures or delays in realizing such benefits, challenges in integrating acquired businesses and achieving the anticipated synergies and difficulties in retaining key customers.

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