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SanDisk's CEO Discusses Q2 2011 Results - Earnings Call Transcript

SanDisk (SNDK)

Q2 2011 Earnings Call

July 21, 2011 5:00 pm ET

Executives

Judy Bruner - Chief Financial Officer, Principal Accounting Officer, Executive Vice President of Administration and Member of Secondary Executive Committee

Jay Iyer - Director of Investor Relations

Sanjay Mehrotra - Co-Founder, Chief Executive Officer, President, Director and Member of Special Option Committee

Analysts

Atif Malik - Morgan Stanley

Uche Orji - UBS Investment Bank

Brian Peterson - Raymond James

Brett Piira - Caris & Company

Bobby Gujavarty - Deutsche Bank AG

Ada Menaker

Daniel Amir - Lazard Capital Markets LLC

James Schneider - Goldman Sachs Group Inc.

Ryan Goodman - CLSA Asia-Pacific Markets

Harlan Sur - JP Morgan Chase & Co

Kevin Cassidy - Stifel, Nicolaus & Co., Inc.

Doug Freedman - Gleacher & Company, Inc.

Presentation

Operator

Good day, and welcome to the SanDisk Corporation's Fiscal Second Quarter 2011 Financial Results Conference. Today's call is being recorded. Now at this time, I'd like to turn the conference over to Jay Iyer, Director of Investor Relations. Please go ahead.

Jay Iyer

Thank you, Anthony, and good afternoon everyone. Joining us on the call today are Sanjay Mehrotra, President and CEO of SanDisk; and Judy Bruner, Executive Vice President of Administration and CFO.

Before we begin, please note that any non-GAAP financial measures discussed during this call as defined by the SEC in Reg G will be reconciled to the most directly comparable GAAP financial measure. That reconciliation is now available along with supplemental schedules on our website at sandisk.com/ir.

In addition, during our call today, we will make forward-looking statements. Any statement that refers to expectations, projections or other characterizations of future event, including financial projections and future market conditions, is a forward-looking statement. Actual results may differ materially from those expressed in these forward-looking statements. For more information, please refer to the risk factors discussed in the documents we file from time to time with the SEC, including annual report on Form 10-K for fiscal 2010 and our subsequent quarterly reports on Form 10-Q. SanDisk assumes no obligation to update these forward-looking statements, which speak as of the date hereof.

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