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July 30, 2012 4:30 pm ET
Gregory S. Lang - Chief Executive Officer, President and Director
Michael W. Zellner - Chief Financial Officer, Principal Accounting Officer and Vice President of Finance
James Schneider - Goldman Sachs Group Inc., Research Division
Harlan Sur - JP Morgan Chase & Co, Research Division
Ruben Roy - Mizuho Securities USA Inc., Research Division
Kevin Cassidy - Stifel, Nicolaus & Co., Inc., Research Division
Srini Pajjuri - CLSA Asia-Pacific Markets, Research Division
Brendan Oliver Furlong - Miller Tabak + Co., LLC, Research Division
Sundeep Bajikar - Jefferies & Company, Inc., Research Division
William S. Harrison - Signal Hill Capital Group LLC, Research Division
Welcome to the PMC Second Quarter 2012 Earnings Conference Call. My name is Christine, and I'll be your operator for today's conference. [Operator Instructions] Please note, today's conference is being recorded. I will now turn the call over to Jennifer Gianola, Director of Investor Relations. You may begin.
Thank you, Christine. Good afternoon, everyone, and thank you for joining the call. With me today are Greg Lang, President and CEO; and Mike Zellner, Vice President and CFO. Greg will begin the call with a discussion of the business and key highlights from the second quarter 2012, and Mike will then discuss the financial results for the second quarter of 2012 and the business outlook for the third quarter of 2012. Please note that our second quarter 2012 earnings press release was disseminated today via BusinessWire and a copy of the release can be downloaded from our website. Before we begin, I would like to point out that during the course of this conference call, we will be making forward-looking statements that involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, PMC's limited revenue visibility due to variable customer demand, market segment growth or decline, customer concentration, bookings rate, changes in inventory, supply constraints, foreign exchange rates and volatility in global financial markets, and other risk factors that are detailed in the company's Securities and Exchange Commission filings. Actual results may differ materially from the company's projection. For further information about these risks and uncertainties, please read the company's SEC filings, including our Forms 10-K and 10-Q.