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STEC's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: STEC

Also before we begin, I would like to remind everyone that our prepared remarks and answers to questions will include forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995 and are based on management’s current expectations.

These forward-looking statements include, but are not limited to statements concerning growing acceptance adoption and qualification of SSDs within the enterprise storage and server markets, the qualification of STEC’s fourth generation ZeusIOPS SSD, MACH16 SSD, PCIe solid state accelerator, EnhanceIO caching software and other developing technologies; the qualification of STEC’s products and solutions into emerging SSD system vendors, enterprises and non-traditional end user customers, leveraging STEC sales and marketing infrastructure to cater to enterprises directly and develop a new vertical market strategy.

STEC’s key product line initiatives and development, the transition from one product generation to the next, the length of qualification cycles, the capabilities performance cost advantages and benefits of STEC’s products and solutions, the rapidly evolving enterprise storage and server markets expected third quarter 2012 revenue and loss per share and anticipated settlement of the previously disclosed federal and state class actions filed against STEC and several of its senior officers and directors until various significant risks and uncertainties that could cause our actual results to differ materially from those expressed in such forward looking statements.

These risks and uncertainties are detailed in periodic filings with the Securities and Exchange Commission, special attention is directed to the portions of those documents entitled Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Listeners are cautioned not to place undue reliance on these forward-looking statements, which represent our views only as of today. While, we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so even if the estimates change and therefore you should not rely on the forward-looking statements as representing our views as of any date subsequent to today.

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