Applied Materials' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Applied Materials (AMAT)

Q1 2012 Earnings Call

February 16, 2012 4:30 pm ET


Michael Sullivan - Vice President of Investor Relations

Michael R. Splinter - Chairman, Chief Executive Officer and President

George S. Davis - Chief Financial Officer and Executive Vice President


Stephen Chin - UBS Investment Bank, Research Division

James Covello - Goldman Sachs Group Inc., Research Division

Christopher J. Muse - Barclays Capital, Research Division

Krish Sankar - BofA Merrill Lynch, Research Division

Srinivasan Sundararajan - Oppenheimer & Co. Inc., Research Division

Terence R. Whalen - Citigroup Inc, Research Division

Christopher Blansett - JP Morgan Chase & Co, Research Division

Mahesh Sanganeria - RBC Capital Markets, LLC, Research Division

Vishal Shah - Deutsche Bank AG, Research Division

Satya Kumar - Crédit Suisse AG, Research Division

Patrick J. Ho - Stifel, Nicolaus & Co., Inc., Research Division

Benedict Pang - Caris & Company, Inc., Research Division

Mark Heller - CLSA Asia-Pacific Markets, Research Division



Welcome to the Applied Materials Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded today, February 16, 2012.

Please note that today's call will contain forward-looking statements, which are all statements other than those of historical fact, including statements regarding Applied's performance, industry outlook, opportunities, customer spending, market position, cost control, capital allocation and Q2 of fiscal year 2012 business outlook.

All forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Information concerning these risk factors is contained in today's earnings press release and is in the company's filings with the SEC. Forward-looking statements are based on information as of February 16, 2012, and the company assumes no obligation to update such statements.

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