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Okay. Good morning everybody. My name is Sean Burke, I work here at – on the semiconductor research team at JPMorgan. For those of you guys who’ve sat through the previous two sessions, hopefully I am a little easier on than Chris was. With us today here now is the Diodes, and for those of you who are not just familiar with the Diodes, they’re the very company that’s continued to outgrow their end markets over the last 10 years, and really that’s driven by the man sitting next to me here, the CEO Dr. Keh-Shew Lu.
And before we get started into the questions, why don’t you kind of give a general introduction on the company and kind of the end markets you serve.
Okay. Diodes is semiconductor company and we focus our products in standard -- application specific standard product in the area of discrete, analog and logic. We focus on the market, high growth and high volume market that can consume computer, communication, industrial and very limited in automotive. Those are the five area but the high volume, high growth area. And we’re using our packaging technology to drive in the market and to serve the customer to gain the market share.
So our history is the last 10 years, our CAGR is 21% and that actually if you compare 2008 or 2009 is a bad year but after about middle of 2010, we started setting record revenue and then even this time from third quarter, market started -- went south, and we already made announcement the worst is over and 1Q -- in a seasonally cyclically 1Q typically went down versus 4Q but we are able to announce 1% growth versus 4Q. And then we gave a guidance second quarter will be 10 percentage point growth versus 1Q. So we go back to this growth mode, and we have been able to consistently beat the market and give us a significant growth, and because our business model is like this. Our business model is we want a profitable growth as much as we can and then with that R&D growth the same as revenue growth.