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July 20, 2011, 17:00 p.m. ET
Daniel Baker - President and CEO
Curt Reynders - CFO
Steven Crowley - Craig-Hallum Capital
Bruce Foster - Austel
Kevin Sonich - RK Capital
Good day, ladies and gentlemen. And welcome to the NVE Conference Call on First Quarter Results. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions on how to participate will be given at that time. (Operator Instructions) And as a reminder today’s conference is being recorded.
And now I would like to turn the conference over to your host Daniel Baker.
Good afternoon and welcome to our conference call for the quarter ended June 30, 2011 which was the first quarter of fiscal 2012. As always, I’m joined by Curt Reynders, our Chief Financial Officer.
This call is being webcast live and being recorded. A replay will be available through our website, nve.com. After my opening comments, Curt will present a financial review of the quarter, I will cover business items and we will open the call to questions.
In the past hour following the close of market we filed our press release with quarterly results and our quarterly report on Form 10-Q with the SEC. The filings are available through our website or the SECs website. We will also file [XPRL] data within 30 days in accordance with SEC rules.
Comments we may make that relate to future plans, events, financial results, or performance are forward-looking statements that are subject to certain risks and uncertainties including among others such factors as risks in continued growth in revenue and profits, risks related to developing marketable products, uncertainties relating to the revenue potential of new products as well as the risk factors listed from time to time in our filings with the SEC including our most recent Annual Report on Form 10-K. The company undertakes no obligation to update forward-looking statements we may make.