Safe Harbor Statement
This Webcast contains forward-looking statements, including those regarding Applied’s performance, economic and industry outlooks, strategic position, growth strategy, cost control activities, tax rate, cash generation and deployment, capital allocation principles, and Q4’11 and FY’11 business outlooks; the pending merger with Varian; 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, including but not limited to uncertain global economic and industry conditions, business and consumer spending, 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; Applied’s ability to (i) develop, deliver and support a broad range of products, expand its markets and develop new markets, (ii) maintain effective cost controls and timely align its cost structure with business conditions, (iii) plan and manage its resources and production capability, including its supply chain, (iv) implement initiatives that enhance global operations and efficiencies, (v) consummate the proposed merger with Varian, which depends on receipt of certain regulatory approvals, (vi) integrate Varian’s operations, product lines, technology and employees and realize synergies, (vii) obtain and protect IP rights in key technologies, (viii) attract, motivate and retain key employees, and (ix) accurately forecast future operating and financial results, which depends on multiple assumptions related to, without limitation, market conditions, customer requirements and business needs; and other risks described in Applied Materials’ SEC filings. All forward-looking statements are based on management’s estimates, projections and assumptions as of August 24, 2011, 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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