Q4 2010 Earnings Call

January 19, 2011 10:30 am ET


Thomas Stanton - Chairman of the Board and Chief Executive Officer

James Matthews - Chief Financial Officer, Principal Accounting Officer, Senior Vice President of Finance & Administration, Treasurer, Secretary and Executive Director


Nikos Theodosopoulos - UBS Investment Bank

Sanjiv Wadhwani - Stifel, Nicolaus & Co., Inc.

Ari Bensinger - S&P Equity Research

Tal Liani - BofA Merrill Lynch

Andrew Schopick - Nutmeg Securities

Todd Koffman - Raymond James & Associates

Blair King - Avondale Partners, LLC

Jim Suva - Citigroup Inc

Amir Rozwadowski - Barclays Capital

Ehud Gelblum - Morgan Stanley

Richard Valera - Needham & Company, LLC

Simon Leopold - Morgan Keegan & Company, Inc.

Paul Silverstein - Crédit Suisse AG

Michael Genovese - Citigroup

Simona Jankowski - Goldman Sachs Group Inc.



During the course of the conference call, ADTRAN representatives expect to make forward-looking statements, which reflect management's best judgment based on factors currently known. However, these statements involve risks and uncertainties, including the successful development and market acceptance of new products, the degree of competition in the market for such products, the product and channel mix, component costs, manufacturing efficiencies and other risks detailed in our annual report on Form 10-K for the year ended December 31, 2009, and form 10-Q for the quarter ended June 31, 2010. These risks and uncertainties could cause actual results to differ materially from those in forward-looking statements, which may be made during the call. Thank you. It is now my pleasure to turn the call over to Mr. Tom Stanton, CEO. Mr. Stanton, you may begin your conference.

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