Safeguard Scientifics, Inc. ( SFE)

Q3 2011 Earnings Conference Call

October 26, 2011 9:00 AM ET


John Shave – VP, Business Development and Corporate Communications

Peter Boni – President and CEO

Steve Zarrilli – SVP and CFO


Nick Halen – Sidoti & Company

Matt Dolan – Roth Capital Partners

Troy Ward – Stifel Nicolaus

Reggie Miller – CSLA

Allen Zwickler – First Manhattan



Thank you for standing by and welcome to the Safeguard Scientifics Third Quarter 2011 Results Conference Call. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session.

(Operator instructions)

Please be advised that the conference is being recorded today October 26, 2011. I would now like to hand the conference over to your speaker, Mr. John Shave, Vice President of Business Development and Corporate Communications. Thank you. Please go ahead.

John Shave

Good morning, and thank you for joining us for our third quarter conference call and update. Joining me on today’s call are Peter Boni, Safeguard’s Chief Executive Officer and President; and Steve Zarrilli, Senior Vice President and Chief Financial Officer.

During today’s call, Peter will review third quarter 2011 highlights and other developments and Steve will discuss Safeguard’s financial results and strategies. After that, we will open up the lines for your questions.

Before we begin, I must remind you that today’s presentation includes forward-looking statements. Reliance on forward-looking statements involve certain risks and uncertainties, including but not limited to the uncertainty of future performance of our partner companies, the risks of acquisition or disposition of interest in partner companies, capital spending by customers and the effect of regulatory and economic conditions generally, as well as the development of the life sciences and technology markets and other uncertainties that are described in our filings.

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