Varian Medical Systems (VAR) Q4 2011 Earnings Call October 27, 2011 5:00 pm ET Executives Spencer R. Sias - Vice President of Corporate Communications & Investor Relations Elisha W. Finney - Chief Financial Officer and Corporate Senior Vice President of Finance Timothy E. Guertin - Chief Executive Officer, President and Executive Director Analysts Junaid Husain - Ticonderoga Securities LLC, Research Division Amit Bhalla - Citigroup Inc, Research Division Vivian Cervantes - Kaufman Bros., L.P., Research Division David H. Roman - Goldman Sachs Group Inc., Research Division Jeffrey D. Johnson - Robert W. Baird & Co. Incorporated, Research Division Anthony Petrone - Jefferies & Company, Inc., Research Division Tycho W Peterson - JP Morgan Chase & Co, Research Division David R. Lewis - Morgan Stanley, Research Division Dalton L. Chandler - Needham & Company, LLC, Research Division PresentationSpencer R. Sias
Thank you. Good afternoon, and welcome to Varian Medical Systems Conference Call for the Fourth Quarter of 2011. With me are Tim Guertin, President and CEO; Elisha Finney, CFO; and Tim Tai Chen, our Corporate Controller. Tim and Elisha will summarize our results. We will take your questions following the presentation. To simplify our discussions, unless otherwise stated, all references to the quarter or year are fiscal quarters and fiscal years. Quarterly comparisons are for the fourth quarter of fiscal 2011 versus the fourth quarter fiscal 2010. And annual comparisons are for fiscal 2011 versus fiscal 2010. Except as otherwise stated, all results are for continuing operations, which exclude the sales of the research instruments portion of ACCEL.