Powerwave Technologies, Inc. (
Q3 2011 Guidance Call
October 18, 2011 5:30 PM ET
Tom Spaeth – Treasurer
Kevin Michaels – CFO and Secretary
Ronald Buschur – President and CEO
Steven O’Brien – JPMorgan
Ted Moreau – WJB Capital
Lawrence Harris – C. L. King
James Basch – Dialectic Capital
Amish Handar – Chevrolet
Armish Mesa – Tenna
Good day, ladies and gentlemen, and welcome to the Powerwave Technologies to discuss Third Quarter Update Conference Call. My name is Kathy, and I will be your operator for today. (Operator Instructions) Later, we will conduct a question-and-answer session. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.
I would now like to turn the conference over to your host for today’s call to Mr. Tom Spaeth, Vice President and Treasurer. Please proceed.
Thank you. Good afternoon and welcome to Powerwave Technologies Third Quarter 2011 update conference call. I’m Tom Spaeth, Powerwave’s Treasurer. Joining us on today’s call will be Ron Buschur, President and Chief Executive Officer; and Kevin Michaels, Chief Financial Officer.
Before starting, I would like to point out that various remarks we make about future expectations, plans and prospects for Powerwave, including but not limited to anticipated revenues, third quarter preliminary revenues, revenue growth rates, customer demand and the timing of customer orders, the split between operator and OEM sales, operating margins, gross profit margins, earnings per share levels, cash flow projections, revenue composition, supply chain constraints and shortages, manufacturing levels, improvements in cost structure, future cost savings related to our cost reduction activities, demand levels for the company’s product lines, projected growth and market share, trends in the wireless infrastructure market, the timing of 3G and 4G buildouts, the timing of products, product deliveries and future orders, the timing in closing of the company’s headquarters, sale and leaseback transaction, the company’s ability to enter into and compete in vertical markets for its products, such as government and defense markets, common stock prices, the company’s ability to resolve new production issues, debt purchases, the success of new products, expense levels, capital expenditure rates, inventory turns, inventory levels, tax rates and days sales outstanding are all forward-looking statements, which are intended to qualify for the Safe Harbor from liability, established by the Private Securities Reform Act of 1995.