Cree's CEO Discusses F4Q12 Results - Earnings Call Transcript

Cree, Inc. (CREE)

F4Q12 Earnings Call

August 7, 2012 5:00 PM ET

Executives

Raiford Garrabrant – Director, IR

Chuck Swoboda – Chairman and CEO

Mike McDevitt – Interim CFO

Analysts

Brian Lee – Goldman Sachs

Chris Blansett – JP Morgan

Satya Kumar – Credit Suisse

Amir Rozwadowski – Barclays

Andrew Huang – Sterne Agee

Ahmar Zaman – Piper Jaffray

Smittipon Srethapramote – Morgan Stanley

Carter Shoop – KeyBanc

Jed Dorsheimer – Canaccord

Vishal Shah – Deutsche Bank

Dale Pfau – Cantor Fitzgerald

Aaron Chew – Maxim Group

Joe Osha – Bank of America

Presentation

Operator

Good afternoon, my name is Tammy. I will be the conference facilitator today. At this time, I would like to welcome everyone to the Cree, Inc. Fourth Quarter Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer period. (Operator Instructions) As a reminder, ladies and gentlemen, this conference is being recorded today, Tuesday, August the 7, 2012. Thank you.

I would now like to introduce Raiford Garrabrant, Director of Investor Relations of Cree, Inc. Mr. Garrabrant, you may begin your conference.

Raiford Garrabrant

Thank you, Tammy, and good afternoon. Welcome to Cree’s fourth quarter fiscal 2012 earnings conference call. By now you should have all received a copy of the press release. If you did not receive a copy, please call our office at 919-287-7895, and we will be pleased to assist you.

Today, Chuck Swoboda, our Chairman and CEO; and Mike McDevitt, our Interim CFO, will report on our results for the fourth quarter of fiscal year 2012. Please note that we will be presenting both GAAP and non-GAAP financial results in our remarks during today’s call, which are reconciled in our press release and financial metrics posted in the Investor Relations section of our website at www.cree.com under Quarterly Results in the Financial Information tab.

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