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Intersil CEO Discusses Q2 2011 Results - Earnings Call Transcript

Stocks in this article: ISIL

In addition, this call is being webcast live over the Internet and may be accessed via the investor relations section of our website. A telephonic replay of the conference call and webcast will be available for approximately two weeks through August 10 th. Questions during the call may also be submitted online via the webcast but we’ll be answer by e-mail after the call.

Please note that come comments made during this conference call may contain forward-looking statements. I’d like to remind you that while these statements reflect our current best judgment, they are subject to risks and uncertainties that could cause our actual results to vary. These risk factors are discussed in detail in our filings with the Securities and Exchange Commission.

In addition, during this call, we may refer to financial measures that are not prepared according to Generally Accepted Accounting Principles. We sometimes use these measures because we believe they provide useful information about the performance of our business and should be considered by investors in conjunction with GAAP measures that are reported.

Our agenda for the call today is as follows: Dave Bell will discuss key highlights from the quarter and Jonathan Kennedy will review from a financial perspective, and Dave will follow with the addition commentary on each of our four key markets as well as our forward-looking guidance. A Q&A session will follow.

I will now turn the call over to Dave Bell, President and CEO of Intersil.

David Bell

Thanks, Brendan. Good afternoon, and thank you for joining us today for Intersil’s second quarter 2011 earnings conference call.

The second quarter was challenging as the entire industry reacted to the impact of the March 11 earthquake in Japan. At the same time, we faced a worldwide economy that weakened as the quarter progressed. Despite those challenges, Intersil grew revenues by 5%, reporting revenues of $209.1 million for the second quarter.

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