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Network Equipment Technologies' CEO Comments On Company's Recent Actions And Near Term Strategy Conference Call (Transcript)

Network Equipment Technologies, Inc. (NWK)

Recent Actions and Near Term Strategy Conference Call

April 02, 2012 5:30 pm ET

Executives

Leigh Salvo – Investor Relations

Dixon R. Doll – Chairman

David Wagenseller – Acting President and Chief Executive Officer

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Network Equipment Technologies Comments from Acting CEO. My name is Karis and I will be your coordinator for today. At this time, all participants are in a listen-only mode and will remain muted for the duration of the call. (Operator instructions)

At this time, I would now like to hand the call over to your host for today Ms. Leigh Salvo, Investor Relations. Please proceed.

Leigh Salvo

Thank you. Welcome, everyone, to our call this afternoon, during which NET’s Acting CEO, David Wagenseller will provide some [comments] following last week’s restructuring and Executive Officer changes announcement.

In keeping with the Safe Harbor provisions of the Private Securities Litigation Reform Act, I want to remind everyone that we’ll 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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