This Webcast contains forward-looking statements, including those regarding Applied’s performance, products, growth opportunities, strategies, industries, share positions, profitability, announced business combination with TEL, and Q3 business outlook, and all other statements that are not historical facts. These statements and their underlying assumptions 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: uncertain global economic and industry conditions; demand for electronic products and semiconductors; the timing and nature of technology transitions; customers’ new technology and capacity requirements; the concentrated nature of our customer base; Applied’s ability to (i) develop, deliver and support a broad range of products and expand its markets, (ii) achieve the objectives of cost-reduction and growth initiatives, (iii) obtain and protect IP, (iv) attract, motivate and retain key employees, (v) successfully complete the proposed combination and realize expected benefits and synergies, and (vi) accurately forecast future operating and financial results, which depends on multiple assumptions; and other risks described in our most recent Form 10-Q and other SEC filings. Forward-looking statements are based on estimates, projections and assumptions as of May 15, 2014, and Applied undertakes no obligation to update any such statements.
This Webcast also contains non-GAAP adjusted financial measures. Reconciliations of non-GAAP measures to GAAP measures are provided in today's earnings release and reconciliation slides, available on the Investor Page at www.appliedmaterials.com.
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