During the course of today's discussion, we will make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements include statements regarding our business strategy, opportunities and priorities, anticipated product launches and plans, future financial performance, including expected revenue, gross margin and expense performance, and debt covenant compliance, and trends in our business and in the markets in which we compete.
We would like to caution you that our statements are based on current expectations, and involve risks and uncertainties that could cause actual results to differ materially. We refer you to the risk factors and cautionary language contained in today's press release announcing our fiscal Q3 2011 results, as well as to our reports filed with the Securities and Exchange Commission from time to time, including our most recent 10-K filed on June 11, 2010 and our most recent 10-Q filed on November 5. 2010. these risk factors are incorporated by reference in today’s discussion and we undertake no obligation to update them in the future.
With that, I will turn the call over to Rick Belluzzo.
Rick BelluzzoThanks Shawn. Good afternoon and thank you for joining us. Today, we are going to change the structure of our call given the organizational change that we announced two weeks ago. I will start with an overview of our strategy and results, Linda Breard, our recently promoted CFO will follow with the financial discussion and then Jon Gacek, in his new role as President and COO will provide more details regarding our operating results and expectations for Q4. As we stated at the start of this fiscal year FY2011 has been defined as marking the beginning of a new period for Quantum highlighted by a focus on growing our business and taking advantage of the work we have completed over the last few years. This work has resulted in increased profitability in both margin and absolute levels, a greatly improved capital structure and most importantly set a strategic opportunities built around significant market changes and improved technology in products.