Safe Harbor Statement
This Webcast contains forward-looking statements, including those regarding Applied’s performance, opportunities, economic and industry outlooks, products, customers’ capital investments, strategic position, progress on strategic plans, proposed acquisition of Varian Semiconductor Equipment Associates, Inc. (Varian) and financing plans, Q3’11 and FY’11 business outlooks, 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) 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 in a timely manner or at all, which depends on satisfaction of conditions precedent, including receipt of certain regulatory approvals and approval by Varian’s stockholders, (vi) complete anticipated financing arrangements, (vii) integrate Varian’s operations, product lines, technology and employees and realize synergies from the proposed merger, (viii) obtain and protect intellectual property rights in key technologies, (ix) attract, motivate and retain key employees, and (x) 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 May 24, 2011. 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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