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Good evening ladies and gentlemen and welcome to today's BroadVision Q2 year 2012 earnings announcement and investor teleconference. Please note that all your lines are on listen-only mode and there will be time for a Q&A session, towards the conclusion of this meeting. (Operator Instructions).
And now to start off our conference, I would like to welcome and turn the call over to Mr. Peter Chu, Vice President of Product Management and Strategy. Go ahead sir.
Yes, hi good afternoon everyone. My name is Peter Chu , Vice President of Product Management and Strategy at BroadVision. Welcome to our 2012 Q2 financial results announcement and conference call. I will first provide our standard cautionary comments on forward-looking statements and other legal matters. Next, Dr. Shin-Yuan Tzou, our CFO, will review the second quarter results which were announced in a press release earlier this afternoon. Next on behalf of Dr. Pehong Chen, our CEO, I will provide product and marketing updates and then wrap up with a summary.
As always we will be pleased to take your questions following the formal portion of the call. During the course of this conference call BroadVision may make forward-looking statements. All forward-looking statements included in this call are based upon information available to BroadVision as of the date of this call, including statements regarding our expectations of future financial results and product releases and BroadVision assumes no obligation to update or correct any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from BroadVision’s current expectations. Actual future results may be impacted by various important factors including without limitation, changes in the market, competitive environment and macroeconomic conditions. Additional information on potential factors that could affect the company’s financial results is included in the company’s periodic reports on forms 10-K and 10-Q and other documents filed with the SEC.