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Applied Micro Circuits' CEO Discusses F1Q 2013 Results - Earnings Call Transcript

Applied Micro Circuits Corporation (AMCC)

F1Q 2013 Earnings Conference Call

July 25, 2012 17:00 ET

Executives

Bob Gargus – Senior Vice President and Chief Financial Officer

Dr. Paramesh Gopi – President and Chief Executive Officer

Analysts

Ambrish Srivastava – Bank of Montreal

Jason Reckel – Oppenheimer & Company

Vijay Rakesh – Sterne Agee

Patrick Wang – Evercore partners

Sandy Harrison – Wunderlich

Brian Thonn – Kingdom Ridge Capital

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the First Quarter 2013 Applied Micro Circuits Corporation Earnings Conference Call. My name is (Kolbe) and I will be your operator for today. At this time, all participants are in listen-only mode. We will conduct a question-and-answer session towards the end of this conference. (Operator Instructions) And as a reminder, this call is being recorded for replay purposes.

I would now like to turn the call over to Mr. Bob Gargus, Senior Vice President and Chief Financial Officer. Please proceed sir.

Bob Gargus

Good afternoon, everyone and thank you for joining today’s conference call. On the call with me is Dr. Paramesh Gopi, our President and CEO.

Before turning the call over to Paramesh, I want to remind you that forward-looking statements discussed on this call, including guidance we will provide on revenue, non-GAAP gross margin, non-GAAP operating expense, and certain other financial targets are based on the limited information available to us today. That information is likely to change. There are numerous risks and uncertainties that affect our business and may affect these forward-looking statements, risks such as product development and introductions, design wins, manufacturing and supply availability, product demand and mix, the impact of personnel reductions and departures, employee relations and the integration of new or moved operations, risk resulting from macroeconomic conditions and markets, and other risks as set forth in our SEC filings, including our Form 10-K for the year ended March 31, 2012.

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