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Richardson Electronics CEO Discusses Q2 2011 - Earnings Call Transcript

Richardson Electronics Limited (RELL)

Q2 2011 Earnings Call

January 6, 2011 10:00 am ET


Edward Richardson – President, Chief Executive Officer

Kathleen Dvorak – Chief Financial Officer

Wendy Diddell – Executive Vice President – Corporate Development


Robert Moses – RGM Capital

Al Tobia – Sidus Investments

Mark Zinski – 21 st Century Equities

Ethan Steinberg – Freiss Associates



Welcome to the Fiscal 2011 Second Quarter Earnings conference call. My name is Veronica and I will be your coordinator for today. At this time all participants are in listen-only mode. We will be conducting a Q&A session towards the end of today’s conference. If at any time during the call you require assistance, please press star followed by zero and the coordinator will be happy to assist you.

I would now like to turn the conference over to your host for today’s call, Mr. Ed Richardson. Please proceed.

Edward Richardson

Good morning and thank you for joining our second quarter conference call for fiscal 2011. Joining me on the call today are Kathy Dvorak, Chief Financial Officer, and Wendy Diddell, Executive Vice President – Corporate Development and General Manager – Canvys.

This call will include forward-looking statements that involve risks and uncertainties that could cause our results to differ materially from management’s expectations and plans. We encourage you to review the Safe Harbor statement found in our press release and also to review our most recent regulatory filings for a full description of these risk factors.

As you may know, we are diligently working to complete the sale of our RF, Wireless and Power division, or RFP, to Arrow Electronics. The transaction is expected to close in the next 60 days. I’d like to begin by providing a summary of the transaction and then move on to discuss the operational, financial and strategic outlook for our remaining businesses. Following that, we’ll be happy to take your questions.

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