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Accuray's CEO Presents At Morgan Stanley Global Healthcare Conference (Transcript)

Stocks in this article: ARAY

Accuray Incorporated (ARAY)

Morgan Stanley Global Healthcare Conference

September 10, 2012 11:10 a.m. ET

Executives

Euan Thomson - President & Chief Executive Officer

Analysts

Steve Beuchaw - Morgan Stanley

Presentation

Steve Beuchaw - Morgan Stanley

Thank you all for joining us here. I am Steve Beuchaw from the Morgan Stanley medtech team. It’s my pleasure to welcome Accuray this morning. I have Euan Thomson, CEO of the company and Tom Rathjen from Investor Relations. Before we begin though, I do want to point out that all important disclosures including personal holdings disclosures and Morgan Stanley disclosures, appear on the Morgan Stanley public website at morganstanley.com/ researchdisclosures. It’s a riveting read. You should check it out.

Guys, so we had a good conversation last week. We had an opportunity to see the results for the quarter and the outlook for the year. I think the surprise coming out of the quarter of course was the comments around ASTRO. Expectations for ASTRO. I would like to start on innovation. Given how much lately we have all been worried, not specifically with Accuray but with the macro economy and the world of reimbursement. But again, let's start with innovation. So you have been pretty upfront about the importance of the meeting but less clear exactly on what we expect to see there.

So how are you today trying to outline for investors, the importance of ASTRO? What should we be thinking about? A revolutionary patient treatment opportunity, the financial impact. How are you framing it?

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