Powerwave Technologies, Inc. ( PWAV)

Q2 2011 Earnings Call

August 4, 2011 5:00 pm ET


Tom Spaeth – Vice President, Treasurer

Ronald J. Buschur – President and Chief Executive Officer

Kevin T. Michaels – Chief Financial Officer and Secretary


Matthew D. Ramsay – Canaccord Genuity

Steven O'Brien – JPMorgan

Scott Searle – Merriman Capital, Inc.

Lawrence Harris – C.L. King & Associates, Inc.

Ted Moreau – WJB Capital Group, Inc.

Tony Rao – East Shore Partners



Good day, ladies and gentlemen, and welcome to the Second Quarter 2011 Powerwave Technologies Incorporated Earnings Conference Call. My name is Caris and I will be your coordinator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. (Operator Instructions) As a reminder, this call is being recorded for replay purposes.

I would now like to turn the call over to your host for today Mr. Tom Spaeth, Powerwave’s Treasurer. Please proceed, sir.

Tom Spaeth

Thank you. Good afternoon, and welcome to Powerwave Technologies second quarter 2011 financial results conference call. I am Tom Spaeth, Powerwave's Treasurer. Joining us on today's call will be Ron Buschur, President and Chief Executive Officer and Kevin Michaels, Chief Financial Officer.

Before starting, I would like to point out that various remarks we make about future expectations, plans and prospects for Powerwave, including but not limited to anticipated revenues and revenue growth rates, the split between operator OEM sales, operating margins, gross profit margins, earnings per share levels, cash flow projections, revenue composition, supply chain constraints and shortages, manufacturing levels, improvements in cost structure, future cost savings related to our cost reduction activities, demand levels for the company's product lines, projected growth in market share, trends in the wireless infrastructure market, the timing of product deliveries and future orders, the company's ability to enter into and compete in vertical markets for its products such as Government and Defense markets, common stock prices, the company's ability to resolve new product production issues, debt purchases, the success of new products, expense levels, capital expenditure rates, inventory turns, tax rates and days sales outstanding are all forward-looking statements which are intended to qualify for the Safe Harbor and the liability established by the Private Securities Reform Act of 1995.

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