Silicon Motion Technology's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Silicon Motion Technology Corp (SIMO)

Q2 2012 Earnings Call

July 27, 2012, 8:00 a.m. ET

Executives

Jason Tsai – Director of IR and Strategy

Wallace C. Kou – President, CEO, Director

Riyadh Lai – CFO

Analysts

Anthony Stoss – Craig-Hallum Capital

Daniel Amir - Lazard Capital Markets

Rajvindra Gill – Needham & Co.

Mike Crawford – B. Riley & Co.

Tom Sepenzis – Northland Sec

Peter Lau – Nomura

Monika Garg – Pacific Securities

Presentation

Operator

Good day, ladies and gentlemen and welcome to the Second Quarter Silicon Motion Technology Corporation Quarter Two, 2012 earnings conference call. My name is Maryanne and I will be your conference moderator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. (Operator Instructions).

Before we begin today’s conference, I have been asked to read the following forward-looking statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 as amended. Such forward-looking statements include, without limitation, statements regarding trends in the semiconductor industry and our future results of operations, financial condition and business prospects. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties and actual market trends and our results my different materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include but are not limited to continued competitive pressure in the semiconductor industry and the effect of such pressure on prices, unpredictable changes in technology and consumer demand for multimedia consumer electronics, the state of, and any change in our relationship with our major customers and changes in political, economic, legal and social conditions in Taiwan.

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