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Conference Call Transcript |
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2004 |
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Conference Call Transcript
MTIC - MTI Technology Corporation Fiscal 2005 Second Quarter Financial Results
Conference Call
Event Date/Time: Nov. 15. 2004 / 1:00PM ET
Event Duration: N/A
<PAGE>
CORPORATE PARTICIPANTS
Joyce Shinn
MTI Technology Corporation - IR
Thomas Raimondi
MTI Technology Corporation - Chairman, President & CEO
Scott Poteracki
MTI Technology Corporation - CFO
CONFERENCE CALL PARTICIPANTS
Kaushik Roy
Susquehanna - Analyst
PRESENTATION
--------------------------------------------------------------------------------
Operator
Ladies and gentlemen, welcome to the MTI Technology's 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. (OPERATOR INSTRUCTIONS). As a reminder this conference call
is being recorded. Let's begin the conference call. Ms. Shinn, please proceed.
--------------------------------------------------------------------------------
Joyce Shinn - MTI Technology Corporation - IR
Hello. This is Joyce Shinn. We will start the conference call to discuss MTI's
financial results for its fiscal 2005 second quarter ended October 2, 2004. 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.
--------------------------------------------------------------------------------
Thomas Raimondi - MTI Technology Corporation - Chairman, President & CEO
Thank you, Joyce. First I would like to start off by just reading our Safe
Harbor statement for our fiscal year 2005 second quarter six-month financial
results conference call. 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 for 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 statements. In particular, there can be no
assurance that MTI will improve revenue, margins, operating efficiencies or
operating results, achieve cost reductions or 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 3, 2004.
Given these uncertainties investors in our common stock 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
as to results of new information, future events or otherwise, except as required
by the laws and the rules of NASDAQ. Thank you for joining the MTI Q2 fiscal '05
earnings call. I would like to take a moment to introduce Scott Poteracki, MTI's
new Executive Vice President and CFO. Scott comes to MTI with a proven track
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