This Webcast contains forward-looking statements, including those regarding Applied’s performance, industry outlooks, opportunities, market positions, cost controls, capital allocation principles, and Q2 business outlook; customers’ investments; and all other statements that are not historical facts. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including: the level of demand for Applied’s products, which is subject to many factors, such as uncertain global economic and industry conditions, demand for electronic products and semiconductors, government renewable energy policies and incentives, and customers’ utilization rates and new technology and capacity requirements; variability of operating expenses and results among the company’s segments caused by differing conditions in the served markets; the concentrated nature of Applied’s customer base; Applied’s ability to (i) develop, deliver and support a broad range of products, expand its markets and develop new markets, (ii) effectively integrate Varian’s operations, product lines, technology and employees and realize synergies, (iii) maintain effective cost controls and timely align its cost structure with business conditions, (iv) plan and manage its resources and production capability, (v) obtain and protect IP, (vi) attract, motivate and retain key employees, and (vii) accurately forecast future operating and financial results, which depends on multiple assumptions; and other risks described in Applied Materials’ SEC filings. All forward-looking statements are based on management’s estimates, projections and assumptions as of February 16, 2012, and Applied undertakes no obligation to update any forward-looking statements.
This Webcast also contains non-GAAP financial measures. Reconciliations of the non-GAAP measures to GAAP measures are provided in today's earnings release and/or in the Earnings Call Highlights slides, available on the Investor Page at www.appliedmaterials.com.
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