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Dolby Laboratories Management Discusses Q3 2012 Results - Earnings Call Transcript

Dolby Laboratories (DLB)

Q3 2012 Earnings Call

August 02, 2012 5:00 pm ET

Executives

Alex Hughes

Lewis Chew - Chief Financial Officer and Executive Vice President

Kevin J. Yeaman - Chief Executive Officer, President, Director and Member of Stock Plan Committee

Ramzi Haidamus - Executive Vice President of Sales & Marketing

Analysts

Ralph Schackart - William Blair & Company L.L.C., Research Division

Steven B. Frankel - Dougherty & Company LLC, Research Division

Paul Coster - JP Morgan Chase & Co, Research Division

Perry Huang - Goldman Sachs Group Inc., Research Division

Corey Barrett

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Dolby Laboratories' Conference Call Discussing the Fiscal Third Quarter Financial Results. [Operator Instructions] As a reminder, this call is being recorded, Thursday, August 2, 2012. I would now like to turn the conference over to Mr. Alex Hughes, Senior Director of Investor Relations for Dolby Laboratories. Please go ahead, Mr. Hughes.

Alex Hughes

Thank you, Sarah. Good afternoon, and welcome to Dolby Laboratories' Third Quarter Fiscal 2012 Earnings Conference Call. Joining me today are Kevin Yeaman, Dolby Laboratories' President and CEO; Lewis Chew, Executive Vice President and Chief Financial Officer; and Ramzi Haidamus, Executive Vice President of Sales and Marketing.

On this conference call, we will be making forward-looking statements that include projections of future operating results for our fiscal year ending September 28, 2012; market trends and developments for the industries in which we compete, and in the PC, online and portable machines, in particular, and our expectations and beliefs concerning how those trends and developments will affect our operating result, the capabilities and market acceptance of our products and technologies, expectations relating to licensing arrangements and our strategic and operational plan and objective. These statements are based on management's current expectations and assumptions that are subject to risks and uncertainties. Actual results may differ materially from those set forth in such statements. Important factors, such as general economic, PC, broadcast, consumer electronics or cinema market conditions, could cause actual results to differ materially from those in the forward-looking statements. These factors are addressed in the earnings press release that we issued today and under the section captioned Risk Factors and elsewhere in our most recent quarterly report on Form 10-Q available at www.sec.gov or on our website at www.dolby.com, under the Investor Relations section. Dolby disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or otherwise. During this call, we will discuss GAAP and non-GAAP financial measures. A reconciliation between the two is available in our earnings release and in the Dolby Laboratories' Investor Relations data sheet on our Investor Relations section of our website.

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