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Network Equipment Technologies CEO Discusses F2Q2012 Results - Earnings Call Transcript

Network Equipment Technologies, Inc. ( NWK)

F2Q2012 Earnings Conference Call

November 1, 2011 5:00 PM ET


Leigh Salvo – IR

David Wagenseller – VP, Finance and CFO

Nick Keating – President and CEO


Nick Farewell – Arbor Group

Peter Conrad – Kopp Investment Advisors

Craig Stephens – Stafford Capital Management



Good day, ladies and gentlemen, and welcome to the second quarter 2012 Network Equipment Technologies Inc. earnings conference call. My name is Nancy and I will be your coordinator for today. At this time, all participants are in a listen-only mode. (Operator instructions)

I would now like to turn the presentation over to your host for today’s conference, Ms. Leigh Salvo of Investor Relations. Ma’am.

Leigh Salvo

Thank you. Welcome, everyone, to our call this afternoon during which we will discuss results for Network Equipment Technologies second quarter fiscal year 2012. With me today are Nick Keating, President and CEO; and David Wagenseller, CFO.

In keeping with the Safe Harbor provisions of the Private Securities Litigation Reform Act, I want to remind everyone that we will be making some forward-looking statements and projections today, including those relating to future revenue, operating results and financial conditions. Investors are cautioned that these statements are based on current estimates and assumptions that involve risks and uncertainties that might cause actual results to differ materially from those expressed or implied in the forward-looking statements.

These risks and uncertainties include our ability to develop and commercialize new products and product enhancements, success in building new sales channels, achieving broad market acceptance for our products, the status of relations with and performance by third-party technology providers, challenges of managing inventory and production of products, certifications for new and existing products, compliance with export controls and other government regulations, federal government budget matters and procurement decisions, circumstances regarding specific sales that can affect the recognition of revenue, and other risks, including those identified in the company's filings with the SEC, including forms 10-K and 10-Q and in other press releases and communications.

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