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May 9, 2012 5:00 p.m. ET
David Wagenseller – Acting President & Chief Executive Officer
Karen C. Carte - Acting Chief Financial Officer
Leigh Salvo - Investor Relations
John Nelson – King and Associates
Peter Conrad - Kopp Investment Advisors
Nick Farewell - Arbor Group
Good day, ladies and gentlemen and welcome to the quarter four 2012 Network Equipment Technologies' earnings call. My name is Ian and I will operator for today. All participants are in a listen-only mode. We will conduct a question and answer session towards the end of the conference. (Operator Instructions) As a reminder the call is being recorded for reply purposes. And now I'd like to turn the call over to Leigh Salvo of Investor Relations. Please proceed.
Welcome everyone to our call this afternoon during which we will discuss results for Network Equipment Technologies' Fourth Quarter of Fiscal Year 2012. With me today are David Wagenseller, our CEO and Karen Carte, our CFO. In keeping with the Safe Harbor provisions of the Private Securities Litigation Reform Act, I want to remind everyone that we'll be making forward looking statements and projects today, including those relating to future revenue, operating results and financial conditions.
Investors are cautioned that these statements are based on current estimates and assumptions that involve risks and uncertainties that might cause actual results to differ materially from those expressed or implied in the forward-looking statements.