Listen to the replay; the transcript is never as good.
On the surface, it was very good. Business is picking up and the BCD acquisition is going smoothly--probably better than anticipated. Enough analysts understand (and are coming to sympathize with) "profitable growth" that the tone was less confrontational than I'm used to. A couple of junior analysts were a bit confrontational, but we shouldn't get the sort of 'revenge downgrade' that has happened in the past.
My main concern is the possibility that improved sales are due to a 'sucker rally' among customers. With Europe continuing to seek depression, the US at risk of another dip from The Sequester and the Chinese economy suspect, the buyers just might be wrong. Management seemed aware of this possibility, even though they didn't warn explicitly.
Chengdu is ready to go, for all practical purposes, but mothballed.