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Conference Call Transcript |
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2004 |
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FINAL TRANSCRIPT
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MTIC - MTI Technology Corporation Fiscal 2005 First Quarter Financial Results
Conference Call
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THOMAS STREET EVENT
CONFERENCE CALL TRANSCRIPT
MTIC - MTI Technology Corporation Fiscal 2005 First Quarter Financial Results
Conference Call
Event Date/Time: Aug. 09. 2004/1:00PM ET
Event Duration: N/A
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Thomason StreetEvents streetevents@thomson.com 617.603.7900 www.streetevents.com
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(C) 2004 2002 Thomson Financial. Republished with permission. No part of this
publication may be reproduced or transmitted in any form or by any means without
the prior written consent of Thomson Financial.
2
<PAGE>
FINAL TRANSCRIPT
-------------------------------------------------------------------------------
MTIC - MTI Technology Corporation Fiscal 2005 First Quarter Financial Results
Conference Call
-------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Thomas StreetEvents streetevents@thomson.com 617.603.7900 www.streetevents.com
--------------------------------------------------------------------------------
(C)2004 Thomson Financial. Republished with permission. No part of this
publication may be reproduced or transmitted in any form or by any means without
the prior written consent of Thomson Financial.
3
<PAGE>
FINAL TRANSCRIPT
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MTIC - MTI Technology Corporation Fiscal 2005 First Quarter Financial Results
Conference Call
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CORPORATE PARTICIPANTS
Joyce Shinn
MTI Technology Corp - Manager, Investor Relations
Thomas P. Raimondi, Jr.,
MTI Technology Corp - Chairman, President, & CEO
Todd Schaeffer
MTI Technology Corp - CFO
CONFERENCE CALL PARTICIPANTS
Kaushik Roy
Susquehanna Financial Group - Analyst
Irene McGrath
RBC Dain Rauscher- Analyst
PRESENTATION
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Operator
Good day, ladies and gentlemen. And welcome to the MTI Technology fiscal 2005
1st quarter financial results conference call. At this time all participants are
in a listen only mode. Later, we'll conduct a question and answer and session.
If anyone should require assistance during the call, please, press * and 0 on
your touch tone telephone. As a reminder, this conference call is being
recorded. Let's begin.
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Joyce Shinn - MTI Technology Corp - Manager, Investor Relations
Hello. Good morning. This is Joyce Shinn. We'll start the conference call to
discuss MTI's financial results for fiscal 2005 1st quarter, ended July 3rd,
2004. I would like to introduce Mr. Thomas P. Raimondi Jr., chairman, president
and CEO and Mr. Todd Schaeffer, CFO. Question and answer session will follow.
Tom?
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Thomas P. Raimondi, Jr. - MTI Technology Corp - Chairman, President, & CEO
Thank you, Joyce. First, let's take a moment and walk through our Safe Harbor
Statement. This presentation contains forward-looking statements that involve
known and unknown risks, uncertainties and other factors that might 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 use of the
funds received from recent financing, our expectations regarding costs 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 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 technologies, and the economy and world
events and other important factors. As set forth in the company's periodic
filings with the SEC, 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 a result of new information, future events or otherwise,
except as required by law or the rules of NASDAQ.
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Thomas StreetEvents streetevents@thomson.com 617.603.7900 www.streetevents.com
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