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November 9, 2011 8:00 AM ET
Jing Ou Yang – Director, IR
Jack Lu – President and CEO
Jin Jiang – CFO
Jun Zhang – Wedge Partners
Jon Gruber – Gruber & McBaine
Lily Wu – TGRA Capital
Thank you for standing by for UTStarcom’s Third 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 Director for UTStarcom. You may begin.
Jing Ou Yang
Hello everyone. Welcome to UTStarcom’s third 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 our call today we have Mr. Jack Lu, our President and CEO; and Ms. Jin Jiang, UTStarcom 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.