CalAmp Corp. (CAMP)

F2Q2011 Earnings Call Transcript

October 6, 2010 4:30 pm ET


Lasse Glassen – IR, Financial Relations Board

Rick Gold – CEO

Michael Burdiek – President and COO

Rick Vitelle – VP of Finance, CFO and Secretary


Mike Crawford – B. Riley & Company

Ilya Grozovsky – Morgan Joseph

Mark Siegel – Canaccord Adams

Richard Todaro – Kennedy Capital



Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the CalAmp fiscal 2011 second quarter conference call. During today’s presentation, all parties will be in a listen-only mode. Following the presentation the conference will be opened for questions. (Operator instructions) This conference is being recorded today, Wednesday, October 6 th of 2010.

And I would now like to turn the conference over to Lasse Glassen of Financial Relations Board. Please go ahead, sir.

Lasse Glassen

Thank you. Good afternoon, everybody. Welcome to CalAmp's fiscal 2011 second quarter earnings call. With us today are CalAmp’s Chief Executive Officer, Rick Gold along with the Company’s President and Chief Operating Officer, Michael Burdiek, and Chief Financial Officer, Rick Vitelle.

Before I turn the call over to management please remember that our prepared remarks and responses to questions may contain forward-looking statements. Words such as ‘may,’ ‘will,’ ‘expect,’ ‘intend,’ ‘plan,’ ‘believe,’ ‘seek,’ ‘could,’ ‘estimate,’ ‘judgment,’ ‘targeting,’ ‘should,’ ‘anticipate,’ ‘goal’ and variations of these words and similar expressions are intended to identify forward-looking statements.

Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors including product demand, competitive pressures and pricing declines in the Company’s satellite and wireless markets, the timing of customer approvals of new product designs, the length and extent of the global economic downturn that has and may continue to adversely affect the Company’s business, and other risks and uncertainties that are described in the Company’s Annual Report on Form 10-K for fiscal 2010 as filed on May 6th, 2010 with the Securities and Exchange Commission.

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