Hanwha SolarOne (HSOL) Q4 2010 Earnings Conference Call March 17, 2011, 8:00 am ET Executives Paul Combs – VP, Strategic Planning Gareth Kung – CFO Peter Xie – President and CEO Analysts Vishal Shah – Barclays Capital Kelly Dougherty – Macquarie Edwin Mok – Needham & Co. Burt Chao – Simmons & Company Dan Ries – Collins Stewart Philip Shen – Roth Capital Partners Sanjay Shrestha – Lazard Capital Markets Sam Dubinsky – Wells Fargo Securities Pranab Sarmah – Daiwa Capital Markets John Hardy – Gleacher & Company Jesse Pichel – Jefferies & Co. Christine Hersey – Wedbush Securities Inc. James Methadov [ph] – Cowen and Company Lu Yeung – UBS PresentationOperator
Good day ladies and gentlemen, and welcome to the fourth quarter 2010 Hanwha SolarOne earnings conference call. My name is Twanda [ph], and I will be your coordinator for today. (Operator instructions) As a reminder this conference is being recorded for replay purposes. I’d now like to turn the presentation over to Mr. Paul Combs, Vice President, IR. Please proceed sir. Paul Combs Thank you and good morning everyone, and welcome to our call. Joining me today are my colleagues, Peter Xie, President and CEO; Gareth Kung, our CFO, and Sungsoo Lee, our recently appointed Chief Strategy Officer. Gareth will open with some review and highlights of the fourth quarter, followed by Peter, who will discuss our key initiatives for 2011, and a brief outlook for the first quarter and remainder of the year. Before we continue, I’d like to remind you that you can download a PowerPoint file that will accompany this presentation on our website. If you are on our mailing list, you should have received this file in conjunction with our earnings release. I need to take a moment and remind you of our Safe Harbor policy, which is also included in the earnings release and posted in its entirety on slide two of the slide package.
Investors in Hanwha SolarOne Co Ltd saw new options become available this week, for the September 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 233 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.