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Actions Semiconductor Co., Ltd. Q1 2010 Earnings Call Transcript

Actions Semiconductor Co., Ltd. (ACTS)

Q1 2010 Earnings Call

May 13, 2010 5:30 pm ET


Pia Kristiansen – Blueshirt Group

Niccolo Chen - CEO

Patricia Chou – CFO


Bill Lu - Morgan Stanley

Rick Fearon - Accretive Capital Partners

P resentation


Welcome to the Actions Semiconductor first quarter 2010 earnings conference call. (Operator Instructions) This conference is being recorded today, Thursday, May 13, 2010. I would now like to turn the conference over to Ms. Pia Kristiansen. Please go ahead, ma’am.

Pia Kristiansen

Good afternoon and thank you for joining us on today’s conference call to discuss Actions Semiconductors first quarter 2010 financial results. This call is being broadcast live over the web and can be accessed on the Investor Relations section of Actions’ website, for 90 days. On today’s call are Niccolo Chen, Chief Executive Officer and Patricia Chou, Chief Financial Officer.

After the market closed in the U.S. today, Actions issued a press release discussing the results for its first quarter ended March 31, 2010. The press release is also filed on Form 6-K with the U.S. Securities and Exchange Commission. The press release is accessible online at the company’s website as well as the SEC’s website or you can call The Blueshirt Group at 415-217-7722 and we will fax or e-mail you a copy.

We would like to remind you that during the course of this conference call, Actions management team may make projections or other forward-looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are simply estimates and actual events or results may differ materially.

We refer you to the documents that Actions files from time to time with the SEC, specifically the company’s most recently filed Forms F-1, 20-F and 6-Ks. These documents identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.

Now I would like to turn over the call over to Patricia Chou.

Patricia Chou

Thank you for participating on Actions’ earnings conference call. We appreciate your continued interest and support for Actions. Similar to our first earnings call, I will provide the business update and discuss financial results for the first quarter as well as the expectations for future results. Then Niccolo Chen, our CEO, will be available during the Q&A portion of the call where I will translate from Mandarin to English on his behalf. As a reminder, our financials are reported in accordance with U.S. GAAP.

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