Infinera Corporation - Special Call

Infinera Corporation (INFN)

September 15, 2011 1:00 pm ET

Executives

Randy Nicklas - Chief Technology Officer

Matthew Finnie - Chief Technology Officer

Thomas Fallon - Chief Executive Officer, President and Director

Unknown Executive -

Stuart Elby -

David F. Welch - Co-Founder, Chief Marketing & Strategy Officer, Executive Vice President and Director

Analysts

Unknown Analyst -

Presentation

Operator

Ladies and gentlemen, please welcome, CEO, Tom Fallon.

Thomas Fallon

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Good morning. I'd like to welcome all of you to Infinera. I appreciate both the live audience and the audience online. It's a very exciting day today for us as we kind of unveil where Infinera has been working to take the networks. Before I get into my presentation, I need to discuss with you safe harbor, which basically says the presentation I'm about to give has forward-looking commentary that reflects what we think will happen in the future versus what will happen in the future and therefore, contains inherent risk.

In the early 1900s, Ernest Shackleton decided to take on what he considered to be the last great Antarctic adventure. He crossed the continent, sea to sea, over the polar journey. To find his crew, he placed a unconventional ad in the London Times, "Men wanted for hazardous journey, low pay, bitter cold, endless hours of darkness. Safe return? Doubtful. Honor and recognition if successful." He fielded 5,000 applicants, and he and his crew set sail on the Endurance. Partly through the journey, the Endurance got trapped in ice, and captain and crew were forced to abandon ship and faced an arduous and dangerous journey back home, where they all made it safely. Today, Shackleton is considered a hero. The journey in the pursuit of photonic integration is a bit like Shackleton's adventure. First written about at AT&T Bell Labs in 1969, the promise of the PIC was unfulfilled and almost unpursued for several decades. By 2000, conventionalism was that PICs would not be commercially viable. In 2001, Infinera went in search for its own great adventurers, offering low pay and the opportunity for honor and recognition when successful. When we introduced the DTN in 2004, the question of PIC commercial viability was put to bed. And today, I am delighted to unveil to you our next leap forward in networking from Infinera, our next generation of photonic integrated circuits and the next milestone in Infinera's journey to transform the telecom infrastructure.

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