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March 11, 2011 8:00 am ET
Jack Lu - CEO
Edmond Cheng - CFO
Jie Liu - Auriga USA
Richard Greenburg - Donald Smith & Co.
Thank you for standing by for the UTStarcom's fourth quarter and full year 2010 earnings conference call. (Operator Instructions)
It is now my pleasure to introduce your host, Jing Ou-Yang, Investor Relations for UTStarcom.
Welcome to UTStarcom's fourth quarter 2010 earnings conference call. We distributed our earnings press release earlier today, and you can find a copy on Newswire Services or on our website at www.utstar.com. In addition, we have posted a presentation on our website which you can download to use to follow along with today's call.
On today's call, we have Mr. Jack Lu, our President and CEO; and Mr. Edmond Cheng, our CFO.
Before we get started, I will read the company's advisory on forward-looking statements. This call will include forward-looking statements on topics that include, but may not be limited to the company's restructuring initiatives, IPTV revenues, profit margins and projected business model.
Forward-looking statements are generally indicated by such words as will, expects, estimates, goals, plans, or similar words. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. These include risks and uncertainties regarding the ability of the company and to realize anticipated results of operational improvements, the company's ability to successfully compete, to supply GEPON broadband products, the company's ability to successfully integrate recent acquisitions, execute its business plan and manage regulatory matters, as well as risk factors identified in its latest Annual Report on Form 10-K, quarterly reports on Form 10-Q and the current report on Form 8-K as filed with the Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statements.