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February 13, 2012 4:30 p.m. ET
Michael Watts – VP, IR and Corporate Communications
Carl Hull - Chairman and CEO
Herm Rosenman - SVP, Finance and CFO
R. William Bowen - SVP, General Counsel and Secretary
Eric Tardif - SVP, Corporate Development and Marketing
Kevin Herde - VP, Finance, and Corporate Controller
Dave Clair - Piper Jaffray
Jon Groberg – Macquarie Capital
Bill Bonello – RBC Capital Markets
Vijay Kumar - Deutsche Bank
Dan Leonard – Leerink Swann
Jon Wood – Jefferies & Company
Ashim Anand – Natixis Bleichroeder
Quintin Lai - Robert W. Baird
Isaac Ro – Goldman Sachs
Tycho Peterson – JPMorgan
Welcome and thank you for standing by. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session. (Operator Instructions) Today’s conference is being recorded. If you have any objections, you may disconnect at this time.
I will now introduce to your host for today’s conference Mr. Mike Watts, Vice President of Investor Relations. Sir, you may begin.
Thank you, Sherry and good afternoon everyone. I am pleased to welcome you to this conference call to discuss our fourth quarter 2011 business results. A press release announcing our results was issued today just after 4 p.m. Eastern Time and is posted on our website at
After our prepared remarks today, we’ll take your questions for the balance of an hour, then post our script on our website for your convenience and reference.