Network Equipment Technologies (NWK) Q1 2011 Earnings Conference Call July 29, 2010, 5:00 PM ET Executives Leigh Salvo - Nagle & Ferri, LLC - IR David Wagenseller - Chief Financial Officer, Vice President Nick Keating - President, CEO Analysts John Nelson - King & Associates PresentationOperator
Good day, ladies and gentlemen, and welcome to the first quarter 2011 Network Equipment Technologies earnings conference call. My name is [Kendle] and I will be your operator for today. At this time all lines are in listen-only mode. Later we will conduct a question-and-answer session. (Operator Instructions) I would now like to turn the conference over to Leigh Salvo. Please proceed. Leigh Salvo Hi. Thank you. Welcome, everyone, to our call this afternoon during which we'll discuss the results for Network Equipment Technologies first quarter of fiscal 2011. With me today are Nick Keating, President and CEO, and David Wagenseller, Vice President and CFO. In keeping with the Safe Harbor provisions of the Private Securities Litigation Reform Act, I want to remind everyone that we'll be making some forward-looking statements and projections today including those related to future revenue, operating results and financial conditions. Investors are cautioned that these statements are based on a current estimate and assumptions that involve risks and uncertainties that might cause actual results to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include federal government budget matters and procurement decisions, the timing of orders, timely completion of product development initiatives, challenges with managing inventory and production of products, certifications and regulatory compliance for new and existing products, market exceptions for our new products, relations with and performance by third party technology providers, new competition and technological changes, success in building new sales channels, circumstances regarding specific sales that can affect the recognition of revenue and other risks including those identified in the company's filings with the SEC including forms 10-K and 10-Q and in other press releases and communications.