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April 26, 2012 4:30 PM ET
Joanne Keates – Director, Corporate Communications
Michael Burdiek – President and CEO
Rick Vitelle – CFO
Mike Crawford – B Riley & Company
Marc Robins – Catalyst Research
Orin Hirschman – AIGH Investment
Good afternoon. My name is Tunisia and I’ll be your conference operator today. At this time I’d like to welcome everyone to the Fourth Quarter and Year-End 2012 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator instructions) Thank you. Ms. Keates, you may begin your conference.
Thank you good afternoon and welcome to CalAmp’s fiscal 2012 fourth quarter and full results conference call. With us today are CalAmp’s President and Chief Executive Officer, Michael Burdiek and Chief Financial Officer, Rick Vitelle.
Before I turn the call over to management, please remember that our prepared remarks and responses to questions may contain forward-looking statements. Words such as may, will, expect, intend, plan, believe, seek, could, estimate, judgment, targeting, should, anticipate, goal, and variations of these words, and similar expressions, are intended to identify forward-looking statements.
Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors including product demand, competitive pressures and pricing declines in the company’s satellite and wireless markets, the timing of customer approvals of new product designs, the length and extent of the global economic downturn that has and may continue to adversely affect the company’s business, and other risks and uncertainties that are described in the company’s annual report on Form 10-K for fiscal 2011 as filed today with the SEC.