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Conference Call Transcript |
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2005 |
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FINAL TRANSCRIPT
MTIC - MTI Technology Corporation Fiscal 2005 Third Quarter and Nine Months
Financial Results Conference Call
Conference Call Transcript
MTIC - MTI Technology Corporation Fiscal 2005 Third Quarter and Nine Months
Financial Results Conference Call
<PAGE>
CORPORATE PARTICIPANTS
Joyce Shinn
MTI Technology Corporation - Manager of Investor Relations
Thomas P. Raimondi, Jr.
MTI Technology Corporation - Chairman, President, CEO
Scott Poteracki
MTI Technology Corporation - Executive Vice President, CFO
CONFERENCE CALL PARTICIPANTS
Andrew Galvin (ph)
Orange County Registry - Analyst
<PAGE>
PRESENTATION
--------------------------------------------------------------------------------
Operator
Good day, ladies and gentlemen, and welcome to the MTI Technology quarterly
financial results conference call. At this time, all participants are in a
listen-only mode. Later, we will conduct a question-and-answer session, and
instructions will follow at that time. If anyone should require assistance
during the call, please press star, then 0 on your touch-tone telephone. And as
a reminder, this call is being recorded. I would now like to turn it over to
your host for today's call, Ms. Joyce Shinn. Let's begin the call.
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Joyce Shinn - MTI Technology Corporation - Manager of IR
Hello, this is Joyce Shinn. We will start the conference call to discuss MTI's
financial results for its fiscal 2005 third quarter and 9 months ended January
1st, 2005. I would like to introduce Mr. Thomas P. Raimondi, Jr., Chairman,
President and CEO; and Mr. Scott Poteracki, CFO. A question-and-answer session
will follow. Tom?
--------------------------------------------------------------------------------
Thomas P. Raimondi, Jr. - MTI Technology Corporation - Chairman, President, CEO
Thank you, Joyce. This presentation contains forward-looking statements that
involve known and unknown risks, uncertainties, and other factors that may cause
actual results, performance or achievements or industry results to be materially
different from any future results, expressed or implied by these forward-looking
statements. Forward-looking statements include, but are not limited to,
statements regarding the Company's expectations, goals, or intentions regarding
the future, such as our expansion efforts and business growth, our expectations
regarding cost savings, our commercial relationship with EMC Corporation, our
backlog, and our goals and expectations of revenue, which are subject to change.
The actual results may differ materially from those described in any
forward-looking statement. In particular, there can be no assurance that MTI
will improve revenues, margins, operating efficiencies, or operating results,
achieve cost reductions, or meet its goals and expectations. Important factors
that may cause actual results to differ include competition, evolving
technology, and the economy and world events and other important factors as set
forth in the Company's periodic filings with the U.S. Securities and Exchange
Commission, including its Form 10-K as amended, for the year ending April 3rd,
2004. Given these uncertainties, investors in our securities are cautioned not
to place undue reliance on our forward-looking statements. Forward-looking
statements speak only as of the date they are made. The Company undertakes no
obligation to publicly update or revise any forward-looking statements, whether
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