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Calix's CEO Announces The Acquisition Of Fiber Access Assets From Ericsson & Companies Sign Global Reseller Agreement Conference (Transcript)

Calix, Inc. (CALX)

Acquisition of Fiber Access Assets from Ericsson & Companies Sign Global Reseller Agreement Conference Call

August 22, 2012, 05:00 pm ET


David Allen - IR

Carl Russo - President & CEO

Michael Ashby - EVP & CFO


Blair King - Avondale Partners

Mark McKechnie - Evercore Partners

Amitabh Passi - UBS



Greetings and welcome to the Calix Conference Call Announcing the Signing of a Definitive Agreement under which Calix will acquire the Fiber Access Assets from Ericsson and the signing of the Global Reseller Agreement between the two companies. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, David Allen, Director of Investor Relations and Treasurer of Calix. Thank you Mr. Allen, you may begin.

David Allen

Good afternoon everyone and thank you for joining us on short notice for today's call. Before we begin the call, I want to remind you that this conference call contains forward-looking statements regarding future events, including but not limited to our pending acquisition of the Fiber Access Assets from Ericsson and the signing of a Global Reseller Agreement between the two companies and the growth opportunities and potential benefit of this transaction.

These statements involve risks and uncertainties including the risk that the parties will not proceed with the transaction for any reason that the ultimate terms of the transactions will differ materially from those currently contemplated that Calix will not successfully develop and sell the new products and services; that the degree of competition in the markets for such products and services will be greater than anticipated that Calix will be unable to successfully integrate the acquired assets and new employees into our business and other risks detailed in our press release today and our annual report on Form 10-K for the year ended December 31, 2011 and our Form 10-Q for the quarter ended June 30, 2012.

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