Applied Materials (AMAT) Q1 2012 Earnings Call February 16, 2012 4:30 pm ET Executives 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 Analysts 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 PresentationOperator
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.