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Teradyne's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Teradyne (TER)

Q4 2011 Earnings Call

January 26, 2012 10:00 am ET

Executives

Gregory R. Beecher - Chief Financial Officer, Principal Accounting officer, Vice President and Treasurer

Michael A. Bradley - Chief Executive Officer, President and Executive Director

Andrew J. Blanchard - Vice President of Corporate Relations

Analysts

Stephen Chin - UBS Investment Bank, Research Division

Mehdi Hosseini - Susquehanna Financial Group, LLLP, Research Division

Unknown Analyst

James Covello - Goldman Sachs Group Inc., Research Division

Christopher J. Muse - Barclays Capital, Research Division

Satya Kumar - Crédit Suisse AG, Research Division

David Duley

Krish Sankar - BofA Merrill Lynch, Research Division

Patrick J. Ho - Stifel, Nicolaus & Co., Inc., Research Division

Jagadish K. Iyer - Piper Jaffray Companies, Research Division

Vishal Shah - Deutsche Bank AG, Research Division

Thomas Diffely - D.A. Davidson & Co., Research Division

Presentation

Operator

Good morning, my name is Cody, and I will be your conference operator today. At this time, I would like to welcome everyone to the Teradyne Q4 2011 Earnings Conference Call. [Operator Instructions] Mr. Blanchard, you may begin.

Andrew J. Blanchard

Thank you, Cody. Good morning, everyone, and welcome to our discussion of Teradyne's most recent financial results. I'm joined this morning by our Chief Executive Officer, Mike Bradley; and our Chief Financial Officer, Greg Beecher. Following our opening remarks, we'll provide details of our performance for the fourth quarter and full year 2011 as well as our outlook for the first quarter of 2012.

First, I’d like to address several administrative issues. The press release containing our most recent financial results was sent out via Business Wire last evening. Copies are available at teradyne.com where this call is also being simulcasted.

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