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January 4, 2011 4:30 PM ET
Lasse Glassen – Financial Relations Board
Rick Gold – Chief Executive Officer
Michael Burdiek – President and COO
Rick Vitelle – Chief Financial Officer
Ilya Grozovsky – Morgan Joseph
Mike Crawford – B. Riley & Company
John Nelson – State of Wisconsin Investment Board
Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the CalAmp Fiscal 2011 Third Quarter Conference Call. During today’s presentation, all participants will be in a listen-only mode. Following the presentation, the conference will be open for questions. (Operator Instructions)
This conference is being recorded today, Tuesday, January 4, 2011. At this time, I’d like to turn the conference over to Lasse Glassen with Financial Relations Board. Please go ahead.
Thank you, and good afternoon, everybody. Welcome to CalAmp’s fiscal 2011 third quarter earnings call. With us today are CalAmp’s Chief Executive Officer, Rick Gold, along with the company’s President and Chief Operating Officer, Michael Burdiek; and Chief Financial Officer, Rick Vitelle.
Before I turn the call over to management, please remember that our prepared remarks and responses to questions may contain forward-looking statements. Words such as may, will, expect, intend, plan, believe, seek, could, estimate, judgment, targeting, should, anticipate, goal and variations of these words and similar expressions are intended to identify forward-looking statements.
Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors, including product demand, competitive pressures and pricing declines in the company’s satellite and wireless markets, the timing of customer approvals of new product designs, the length and extent of the global economic downturn that has and may continue to adversely affect the company’s business and other risks and uncertainties that are described in the company’s annual report on Form 10-K for fiscal 2010 as filed on May 6, 2010 with the Securities and Exchange Commission.