Monolithic Power Systems ( MPWR) Q3 2010 Earnings Call November 3, 2010 5:00 p.m. ET Executives Rick Neely – CFO Michael Hsing – CEO and Founder of MPS Steve Pratt – Marketing Director Analysts Steve Smigie – Raymond James Ross Seymore – Deutsche Bank Gus Richard – Piper Jaffray Vernon Essi – Needham & Company Evan Wang – Stifel Nicolaus & Company Patrick Wang – Wedbush Securities Doug Freedman – Gleacher & Company Brian Piccioni – BMO Capital Markets Nicholas Burley [ph] Janney Capital Markets PresentationOperator
Good day ladies and gentlemen, and welcome to the third quarter 2010 Monolithic Power Systems earnings conference call. My name is Jennifer, and I’ll be your operator for today. (Operator Instructions) I would now like to turn the call conference over to your host for today, Rick Neely, Chief Financial Officer. Please proceed. Rick Neely Good afternoon, and welcome to the third quarter fiscal year 2010 Monolithic Power Systems conference call. Michael Hsing, CEO and Founder of MPS is with me on today’s call. In the course of today’s conference call, we will make forward-looking statements and projections that involve risk and uncertainty. These statements will cover a number of areas concerning our business outlook, including our business and financial outlook for the fourth quarter of 2010, projected fourth quarter 2010 revenues and gross margins, our expectations for fourth quarter litigations, stock based compensation, GAAP, and non-GAAP operating expenses, our target operating ranges for gross margins, net margins, and inventory, our expected average non-GAAP tax rate for 2010, our expected production capacity in future quarters, our belief that MPS is well positioned for future growth, the expected seasonality of our business, and our expectations for future cost reductions, and new product introductions, potential customer acceptance, and the opportunity these present, and the prospects of expanding our market share.