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TheStreet Open House

QuickLogic CEO Discusses Q3 2010 Results – Earnings Call Transcript

QuickLogic Corporation ( QUIK)

Q3 2010 Earnings Call Transcript

November 2, 2010 5:30 pm ET

Executives

Thomas Hart – Chairman and CEO

Andy Pease – President

Ralph Marimon – VP, Finance and CFO

Analysts

Edwin Mok – Needham & Company

Brian Coleman – Hawk Hill Asset Management

Robert West [ph] – NI Technical Research [ph]

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the QuickLogic Corporation third 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, Chairman and CEO, Mr. Thomas Hart. Sir, you may begin.

Thomas Hart

Good afternoon, ladies and gentlemen, and thank you for joining us today for QuickLogic’s third quarter 2010 earnings conference call.

Joining me here today is our President, Andy Pease, and our CFO, Ralph Marimon. Ralph will take you through our third quarter results, and then I’ll share my perspective on our business. Following this, Ralph will detail our guidance for the fourth quarter of 2010, and then we’ll take your questions. Ralph?

Ralph Marimon

Thank you, Tom. I’ll take a moment to read our 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. QuickLogic’s future results could differ materially from the results described in these forward-looking statements. We refer you to the risk factors listed in our Annual Report on Form 10-K, quarterly reports on Form 10-Q and prior press releases for a description of these and other risk factors. QuickLogic assumes no obligation to update any such forward-looking statements. For your information, this conference call is open to all and is being webcast live.

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