Cree's CEO Discusses F2Q 2014 Results - Earnings Call Transcript

Jan. 22, 2014 12:01 AM ETWolfspeed, Inc. (WOLF)
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Cree, Inc. (CREE) F2Q 2014 Earnings Conference Call January 21, 2014 5:00 PM ET

Executives

Raiford Garrabrant - Director of Investor Relations

Charles Swoboda - Chairman, President, Chief Executive Officer

Michael McDevitt - Chief Financial Officer, Executive Vice President

Analysts

Brian Lee - Goldman Sachs

Andrew Huang - Sterne, Agee

Paul Coster - JPMorgan

Jed Dorsheimer - Canaccord

Brandon Heiken - Credit Suisse

Edwin Mok - Needham

Jeff Osborne - Stifel

Jerimiah Booream-Phelps - Deutsche Bank

Craig Irwin - Wedbush

Mehdi Hosseini - SIG

Harsh Kumar - Stephens

Avinash Kant - D.A. Davidson

Mark Heller - CLSA

Operator

Good afternoon. My name is Saeed, and I'll be your conference facilitator today. At this time, I'd like to welcome everyone to the Cree Incorporated Fiscal Year 2014 Second 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, January 21, 2014. Thank you.

I'd now like to introduce Mr. Raiford Garrabrant, Director of Investor Relations of Cree Incorporated. Mr. Garrabrant, you may begin your conference at this time.

Raiford Garrabrant

Thank you, Saeed, and good afternoon. Welcome to Cree's second quarter fiscal 2014 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 CFO, will report on our results for the second quarter of fiscal year 2014. 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

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