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Varian Semiconductor's CEO Discusses F2Q 2011 Results - Earnings Call Transcript

Varian Semiconductor Equipment Associates, Inc. ( VSEA)

F2Q 2011 Earnings Conference Call

April 28, 2011 5:30 PM ET

Executives

Robert Halliday – EVP and CFO

Gary Dickerson – CEO

Analysts

Chris Blansett – JPMorgan

Krish Sankar – Banc of America Securities-Merrill Lynch

Jim Covello – Goldman Sachs

Edwin Mok – Needham

Stephen Chin – UBS

Satya Kumar – Credit Suisse

C.J. Muse – Barclays Capital

Patrick Ho – Stifel Nicolaus

Weston Twigg – Pacific Crest Securities

Ben Pang – Caris & Company

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the second quarter 2011 Varian Semiconductor Equipment Associates Inc. earnings conference call.

My name is Lacy and I’ll be your coordinator for today.

At this time, all participants are in listen-only mode. Later, we will facilitate a question-and-answer session towards the end of the conference. (Operator Instructions). As a reminder, this conference is being recorded.

I would now like to turn the presentation over to your host for today’s call, Mr. Robert Halliday, Executive Vice President and Chief Financial Officer. Please proceed, sir.

Robert Halliday

Good afternoon. I’m Bob Halliday, Varian Semiconductor’s Chief Financial Officer. I want to thank you for joining us for our fiscal 2011 second quarter conference call and webcast.

With me on the call this afternoon is Gary Dickerson, our Chief Executive Officer.

Before getting into our financial results, we want to remind you that during the course of this call we may make various comments about the company's future expectations, plans and prospects. These forward-looking statements are subject to various risks including those detailed in the company's public filings including our most recent 10-K filing. The company cannot guarantee that these forward-looking statements will actually occur and we assume no obligation to update these forward-looking statements.

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