MACOM will host a conference call on Tuesday, August 1, 2017 at 5:00 p.m. Eastern Time to discuss its fiscal third quarter 2017 financial results and business outlook. Investors and analysts may join the conference call by dialing 1-877-837-3908 and providing the passcode 51194336.
International callers may join the teleconference by dialing +1-973-872-3000 and entering the same passcode at the prompt. A telephone replay of the call will be made available beginning two hours after the call and will remain available for five business days. The replay number is 1-855-859-2056 with a passcode of 51194336. International callers should dial +1-404-537-3406 and enter the same passcode at the prompt.
Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties in the Investors section of MACOM's website at http://www.macom.com. To listen to the live call, please go to the Investors section of MACOM's website and click on the conference call link at least fifteen minutes prior to the start of the conference call. For those unable to participate during the live broadcast, a replay will be available shortly after the call and will remain available for approximately 30 days.
MACOM enables a better-connected and safer world by delivering breakthrough semiconductor technologies for optical, wireless and satellite networks that satisfy society’s insatiable demand for information.
Today, MACOM powers the infrastructure that millions of lives and livelihoods depend on every minute to communicate, transact business, travel, stay informed and be entertained. Our technology increases the speed and coverage of the mobile Internet and enables fiber optic networks to carry previously unimaginable volumes of traffic to businesses, homes and datacenters.
Keeping us all safe, MACOM technology enables next-generation radars for air traffic control and weather forecasting, as well as mission success on the modern networked battlefield.
MACOM is the partner of choice to the world’s leading communications infrastructure, aerospace and defense companies, helping solve their most complex challenges in areas including network capacity, signal coverage, energy efficiency and field reliability, through its best-in-class team and broad portfolio of RF, microwave, millimeterwave and lightwave semiconductor products.
MACOM is a pillar of the semiconductor industry, thriving for more than 60 years of daring to change the world for the better, through bold technological strokes that deliver true competitive advantage to customers and superior value to investors.
Headquartered in Lowell, Massachusetts, MACOM is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. MACOM has design centers and sales offices throughout North America, Europe, Asia and Australia.
MACOM, M/A-COM, M/A-COM Technology Solutions, M/A-COM Tech, Partners in RF & Microwave and related logos are trademarks of MACOM. All other trademarks are the property of their respective owners. For more information about MACOM, please visit www.macom.com follow @MACOMtweets on Twitter, join MACOM on LinkedIn, or visit the MACOM YouTube Channel.
Special Note Regarding Forward-Looking Statements
This press release and our commentary in our conference call held today each contain forward-looking statements based on MACOM management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include, among others, information concerning our stated business outlook and future results of operations, our expectations for business and market conditions in the PON, Metro-Long Haul and Data Center markets and elsewhere, our plans to divest AppliedMicro's Compute business, our positioning and growth aspirations in Aerospace & Defense, Multi-market, Networks and the electronics industry generally, our future investment decisions, our GaN strategy and expectations for execution on that strategy, the expected outcome of our ongoing litigation against Infineon and any other statements regarding future trends, business strategies, competitive position, industry conditions, acquisitions and market opportunities. Forward-looking statements include all statements that are not historical facts and generally may be identified by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "seeks," "should," "will," "would" or similar expressions and the negatives of those terms.
These forward-looking statements reflect MACOM's current views about
future events and are subject to risks, uncertainties, assumptions and
changes in circumstances that may cause those events or our actual
activities or results to differ materially from those expressed in any
forward-looking statement. Although MACOM believes that the expectations
reflected in the forward-looking statements are reasonable, it cannot
and does not guarantee future events, results, actions, levels of
activity, performance or achievements. Readers are cautioned not to
place undue reliance on these forward-looking statements. A number of
important factors could cause actual results to differ materially from
those indicated by the forward-looking statements, including the
potential that we are unable to identify and timely enter into new
markets for our products, such as our publicly-announced market
opportunities in Cloud Data Centers, 100G optical networks, 10G PON, GaN
technology and Active Antennas, the potential that we are unable to
timely deliver the quantities of our products targeting these or other
applications at the right price point due to design challenges,
manufacturing bottlenecks, supply shortages, yield issues or otherwise,
the potential that the expected rollout of Cloud Data Center build-outs,
5G network upgrades, fiber-to-the-home network technology or other new
optical or other network technology deployments in the U.S., China,
Japan and other geographies fails to occur, occurs more slowly than we
expect or does not result in the amount or type of new business we
anticipate, lower than expected demand in the Cloud Data Center market,
the optical network infrastructure market or any or all of our primary
end markets or from Huawei, Cisco or any or all of our large OEM
customers based on seasonal effects, regulatory action or inaction,
technology shifts, standards changes, macro-economic weakness or
otherwise, the potential for greater than expected pricing pressure and
average selling price erosion based on attempts to win or maintain
market share, competitive factors, technology shifts or otherwise, our
potential inability to ramp key new products into volume production with
acceptable manufacturing yields to satisfy key customer demand in a
timely fashion, the potential for inventory obsolescence and related
write-offs, the expense, business disruption or other impact of any
current or future investigations, administrative actions, litigation or
enforcement proceedings we may be involved in, the potential loss of
access to any in-licensed intellectual property or inability to license
technology we may require on reasonable terms, the impact of any claims
of intellectual property infringement or misappropriation, which could
require us to pay substantial damages for infringement, expend
significant resources in prosecuting or defending such matters or
developing non-infringing technology, incur material liability for
royalty or license payments, or prevent us from selling certain of our
products, greater than expected dilutive effect on earnings of our
equity issuances, outstanding indebtedness and related interest expense
and other costs, our failure to realize the expected economies of scale,
lowered production cost and other anticipated benefits of our previously
announced GaN intellectual property licensing program, the potential for
defense spending cuts, program delays, cancellations or sequestration,
failures or delays by any customer in winning business or to make
purchases from us in support of such business, lack of adoption or
delayed adoption by customers and industries we serve of Cloud Data
Centers, MACsec, single-Lambda PAM4, MMICs, Active Antennas, SPAR tiles,
GaN, InP lasers or other solutions offered by us, failures or delays in
porting and qualifying GaN or InP process technology to our fabrication
facilities or third party facilities and achieving anticipated
manufacturing economies of scale, lower than expected utilization and
absorption in our manufacturing facilities, lack of success or slower
than expected success in our new product development or new product
introduction efforts, loss of key personnel to competitors or otherwise,
failure of any announced transaction to close in accordance with its
terms, failure to successfully integrate acquired companies,
technologies or products or realize synergies associated with
acquisitions, the potential that we will experience difficulties in
managing the personnel and operations associated with our acquisitions,
loss of business due to competitive factors, product or technology
obsolescence, customer program shifts or otherwise, the potential for a
shift in the mix of products sold in any period toward lower-margin
products or a shift in the geographical mix of our revenues, the impact
of any executed or abandoned acquisition, divestiture, joint venture,
financing or restructuring activity, the impact of supply shortages or
other disruptions in our internal or outsourced supply chain, the impact
of changes in export, environmental or other laws applicable to us, the
relative success of our cost-savings initiatives, as well as those
factors described in "Risk Factors" in MACOM's filings with the
Securities and Exchange Commission ("SEC"), including its Quarterly
Report on Form 10-Q for the fiscal quarter ended December 30, 2016, as
filed with the SEC on February 1, 2017, its Quarterly Report on Form
10-Q for the fiscal quarter ended March 31, 2017, as filed with
the SEC on April 26, 2017, and its Annual Report on Form 10-K for the
fiscal year ended September 30, 2016, as filed on November 17, 2016.
MACOM undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.