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ADTRAN's CEO Discusses Q1 2012 Results - Earnings Call Transcript

ADTRAN (ADTN)

Q1 2012 Earnings Call

April 11, 2012 10:30 am ET

Executives

Thomas R. Stanton - Chairman of the Board and Chief Executive Officer

James E. Matthews - Chief Financial Officer, Principal Accounting Officer, Senior Vice President of Finance, Treasurer, Secretary and Executive Director

Analysts

Richard Valera - Needham & Company, LLC, Research Division

Michael Genovese - MKM Partners LLC, Research Division

Nikos Theodosopoulos - UBS Investment Bank, Research Division

Jim Suva - Citigroup Inc, Research Division

Barry McCarver - Stephens Inc., Research Division

Asiya Merchant

Simon M. Leopold - Raymond James & Associates, Inc., Research Division

Blair King - Avondale Partners, LLC, Research Division

Jeffrey T. Kvaal - Barclays Capital, Research Division

Ehud Gelblum - Morgan Stanley, Research Division

Jonathan Kees - Capstone Investments, Research Division

Eric A. Ghernati - BofA Merrill Lynch, Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to ADTRAN's First Quarter 2012 Earnings Release Conference Call. [Operator Instructions]

During the course of the conference call, ADTRAN representatives expect to make forward-looking statements, which reflect management's best judgment based on factors currently known. However, these statements involve risks and uncertainties, including the successful development and market acceptance of core products, the degree of competition in the market for such products, the product and channel mix, component costs, manufacturing efficiencies and other risks detailed in our Annual Report on Form 10-K for the year ended December 31, 2011. These risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements, which may be made during the call.

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