Previous Statements by OCLR
» Oclaro's CEO Discusses F3Q12 Results - Earnings Call Transcript
» Oclaro's CEO Discusses Oclaro and Opnext Merger Conference Call (Transcript)
» Oclaro's Management Presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)
» Oclaro's CEO Discusses F2Q12 Results - Earnings Call Transcript
These forward-looking statements include statements concerning financial targets and expectations, and progress toward our target business model, including financial guidance for the fiscal quarter ending September 29, 2012 regarding revenue, non-GAAP gross margin and adjusted EBITDA. Expectations related to the integration of Opnext into Oclaro following the closing of the merger on July 23, 2012, and our market position and future operating prospects, including customer reaction to our merger with Opnext.There are a number of important factors that could cause the actual results or events to differ materially from those indicated by such forward-looking statements, including the risk factors described in Oclaro’s most recent Annual Report on Form 10-K, most recent quarterly reports on Form 10-Q and Form 10-Q/A, registration statement on Form S-4 and other documents we periodically file with the SEC. The forward-looking statements discussed today represent Oclaro’s view as of the date of this conference call and subsequent events and developments may cause Oclaro’s views to change. Accordingly actual results may differ materially from those indicated by these forward-looking statements. Oclaro does not intend and is not required to update any forward-looking statements as a result of future developments. In addition today, we will be discussing non-GAAP financial measures. These non-GAAP financial measures are not prepared in accordance with GAAP and should not be considered as a substitute for or superior to measures of financial performance prepared in accordance with GAAP. A table that outlines the reconciliation between the non-GAAP financial measures to GAAP financial measures is included in our earnings release, which we have and we will file with the SEC and I refer investors to this release. I would now like to turn the call over to Alain. Alain A. Couder Thank you, Jim. So, today we will focus primarily on the merger. And I will use the set of slides that is on our website. So, this is a very exciting time for Oclaro and the industry. We call it the new Oclaro and the new company in fact is portrayed by the new logo, whereas you probably saw we are keeping the orange color of Opnext and name of Oclaro. And this new Oclaro is really about unleashing the power of speed and light. The power is something very unique, you can control size and intensity of the heat very clearly and you can also with light as the fastest thing now available.
So our employees are highly motivated and we have been traveling around the company between announcement and close as a higher indignity to meet many of the Opnext employee joining us. We also had several meetings with customers and customers have high expectations. They always see us as a very important partner for the future and we also work with our suppliers were we need to better service as a larger company, so quite exciting new environment.As you know in pictures on the slide number 4, we are now number two in the optical component industry. So, therefore as number two in any good marketing book. A number two is expected to make money, and therefore our focus is very clear. We will focus first on no disruption to customer as we execute the merger and second becoming profitable as soon as possible. On slide number 5, you have the executive team. As you can see from there, we have three executive joining us from Opnext. Kei Oki, President of Oclaro, Japan; Tadayuki Kanno, I’m not very good at pronouncing Japanese name, but I will learn; and Richard Zoccolillo joining us. We have chosen the best executives from both companies. And starting day one, we have organized for the new company, which is underway. And we have three key players there, Terry Unter, our Chief Operating Officer will make all the decision regarding Operation; Jim Haynes, our President of Global Business will make all the product development decision for us; and he will now work with our customer to make sure we give them the best service, but also to generate the maximum goals. So these are three key people that I will work with very closely and to whom I can delegate decision in such a way that we grow fast because speed of the execution will be very important. We expect a full integration to take 18 to 24 months and also I passed the normal retirement age, I want to make this integration successful and I committed to my Board and to my team to stay as Chairman and CEO for the next two fiscal years. Read the rest of this transcript for free on seekingalpha.com