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May 06, 2011, 08:00 a.m. ET
Jing Ou Yang - Director, IR
Jack Lu - President and CEO
Edmond Cheng - SVP and CFO
Mike Barone - Sidus Investment
Jun Zhang - Wedge Partners
Ke Chen - Shah Capital Management
Thanks for standing by for UTStarcom’s First Quarter 2011 Earnings Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder this conference is being recorded.
It is now my pleasure to introduce your host Ms. Jing Ou Yang, Investor Relations for UTStarcom. You may begin.
Jing Ou Yang
Hello everyone. Welcome to the UTStarcom’s first quarter 2011 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 and 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 and 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, expect, estimate, 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. This including risks and uncertainties regarding the ability of the company into real life, anticipated results of operational improvements, the company’s ability to successfully launch internet TV platform, continued inter release and acquisitions, successfully operate new services business, execute our business plans and the managed regulator matters, as well as risk factors identified in latest annual report on Form 10-K, 10-Ka, quarterly reports on Form 10-Q and current reports on Form-8K as filed with the Securities and Exchange Commission. The company assures no obligation to update any forward-looking statements.