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Sonus Networks, Inc. - Analyst/Investor Day

We do have 2 breaks set aside for Q&A, so we'd ask that you please ask your questions at the appropriate time. We're also accepting questions via email today for those of you that are listening in on the webcast and that email address is So we'll do our best to accommodate your questions during the Q&A portion of the agenda.

So just turning briefly to the Safe Harbor statement. Some of our remarks today will be forward-looking in nature. While we may elect to update or revise forward-looking statements at some point, we specifically disclaim any obligations to do so unless required by law. Also, a reconciliation of our non-GAAP to GAAP outlook in the statement on the use of non-GAAP financial measures is included in today's press release.

So it is now my pleasure to introduce the Chief Executive Officer of Sonus Networks, Ray Dolan.

Raymond P. Dolan

Thanks, Patty. So welcome. Can everybody here me? Is the mic on? Welcome to the 2012 Investor Analyst Day at Sonus Networks. It's a beautiful day in New York for those who are listening in or webcasting in. And we had a tremendous opportunity as a team this morning to ring the opening bell at NASDAQ. Some of you saw some of those photos on your way in. For probably tens of millions, if not, hundreds of millions of people around the world, that bell symbolizes the beginning of trading.

For me and for our team, it carries far more symbolism. To me, it symbolizes milestones achieved along a journey for the multi-year transformation that I signed up for almost 2 years ago. We're making great progress.

For me, when I think about runners that run a journey, they ring that bell. And it says not only this is the time to focus, the stakes are raised. This is the final lap. And it's not a final lap for us by any means because it is a multi-year journey. But it is a time where the attention is on our progress.

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