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May 1, 2012 4:30 pm ET
Thomas St. Dennis – Chief Executive Officer & Director
Michael M. Ludwig – Chief Financial Officer
Patrick Ho – Stifel Nicolaus & Company, Inc.
James Covello – Goldman Sachs
Olga Levinson – Barclays Capital
Terence Whalen – Citi
Tom Diffely – D.A. Davidson
Welcome everyone to FormFactor’s first quarter 2012 earnings conference call. On today’s call are Chief Executive Officer Tom St. Dennis and Chief Financial Officer Mike Ludwig. Before we begin, let me remind you that the company will be discussing GAAP P&L results and some key non-GAAP results to supplement understanding of the company’s financials. The schedule that provides GAAP to non-GAAP reconciliations is available in the press release issued today and also on the investors’ section of FormFactor’s website.
Also as a reminder for everyone, today’s discussion contains forward-looking statements within the meaning of the Federal Securities Law. Such forward looking statements include but are not limited to projections including statements regarding business momentum, demand for our product, and future growth, payment of outer development, introduction, and/or qualification of next generation matrix, or USOC products and statements that contain words like expects, anticipate, believe, possibly, should and the assumptions upon which statements are based.
The forward-looking statements are based on current information, expectations that area inherently subject to change and involve a number of risks and uncertainties. FormFactor’s actual results could differ materially from those projected in our forward-looking statements. The company assumes no obligation to update the information provided during today’s call, provide any forward-looking statements or to update the reasons actual results could differ materially from those anticipated in forward-looking statements.