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July 26, 2012 5:00 p.m. ET
Moriah Shilton - IR
Robert Young - President and CEO
Mike Anthofer - CFO
Barney Cassidy - General Counsel
Rich Chernicoff - President, Tessera Intellectual Property Corp.
Bob Roohparvar - President, DigitalOptics Corporation.
Jonathan Skeels - Davenport & Co.
Eugene Robin - Cove Street Capital
Eric [Neetch] - Barclays
Jeff Karansky - DRZ
Good afternoon. At this time, I would like to welcome everyone to the Tessera Technologies second quarter 2012 earnings conference call. [Operator instructions.] Thank you. I would now like to turn the conference over to Ms. Moriah Shilton. Madam, you may begin.
Thanks, operator, and good afternoon everyone. Thank you for joining us for the call today. This call is also being broadcast live over the Internet. I will now read a short Safe Harbor statement.
During the course of this conference call, management will make a number of forward-looking statements, which are statements regarding future events, including the future financial performance of the company. These forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties that could cause actual results to differ significantly from those projected. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this call.
More information about factors that may cause results to differ from the projections made in these forward-looking statements can be found in Tessera's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2011 and its quarterly reports on Form 10-Q for the quarter ended March 31, 2012, especially in the sections entitled Risk Factors. The company disclaims any obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur after this call.