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ANADIGICS' CEO Discusses Q4 2011 Results - Earnings Call Transcript

ANADIGICS, Inc. ( ANAD)

Q4 2011 Earnings Call

February 22, 2012, 8:30 a.m. ET

Executives

Terry Gallagher – CFO

Ronald Michels – CEO

Analysts

Quinn Bolton – Needham & Co. LLC

Edward Snyder – Charter Equity Research

Aalok Shah – D. A. Davidson & Co

Paul McWilliams – Next Inning Technology Research

Blaine Carroll – Avian Securities

Presentation

Terry Gallagher

Good morning, everyone and welcome to our fourth quarter and full-year 2011 conference call. With me today is Ron Michels, our President and Chief Executive Officer. My name is Terry Gallagher and I’m the CFO.

During the call, we’ll make forward-looking statements about our business and projected financial results. I must remind you that actual results could differ materially from our projections based on various risk factors, including those described in the press release we issued earlier today, and our reports on Forms 10-K, 10-Q, and other filings with the Securities and Exchange Commission. All numbers during the call will be presented on a non-GAAP basis. Non-GAAP financial measures exclude equity compensation charges and other specifically identified non-routine items. These non-GAAP measures are provided to enhance the understanding of our core operating performance. A full reconciliation of these non-GAAP measures to our GAAP results are presented in our press release.

With that said, I will now turn over the call to Ron Michels.

Ronald Michels

Thank you, Terry, and good morning, everyone. Thank you for joining us. Today I’d like to review our Q4 and full-year results for 2011. I’ll discuss key products and corporate developments related to our two primary markets, and that is, of course, wireless and broadband. And I’ll close with an outline of our key initiatives for 2012.

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