Trident Microsystems, Inc. ( TRID) Q1 2011 Earnings Call May 3, 2011 5:00 pm ET Executives John Swenson - Director, Corporate Finance & IR Philippe Geyres - Interim CEO Pete Mangan - EVP and CFO Analysts Raji Gill - Needham & Company Brian Gleason – Private Investor PresentationOperator
Good day, ladies and gentlemen, and welcome to the First Quarter 2011 Trident Microsystems Incorporated Earnings Conference Call. My name is LuAnn and I’ll be your coordinator for today. At this time all participant are in listen-only mode. We will be facilitating a question-and-answer session towards the end of today's conference. (Operator Instructions). I will now turn the presentation over to your host for today's conference, John Swenson. Mr. Swenson please proceed. John Swenson Thank you. Good afternoon and welcome to Trident Microsystems Conference Call for the first quarter ending March 31, 2011. After the market closed today, Trident issued a press release discussing results for the quarter. The press release is accessible online at www.tridentmicro.com. This call is being broadcast live over the web and is accessible using the link found in today’s press release. A replay of the webcast will be available starting tomorrow by accessing the Investor Relations section of our website. Before we begin, please note that during this call, we will make forward-looking statements. These include comments related to guidance on anticipated revenues and operating losses, the pace of restructuring and integration activity, future product shipments and other statements. We are not obligated to update these statements. Actual results may differ materially from the forward-looking statements made today and have in fact done so in the past. These projections are forward-looking statements are subject to certain risks and uncertainties. These risks include, in particular, our ability to realize the benefits from our acquisition of product lines and IP from NXP, our ability to reduce expenses, the timing of new product introductions, the ability to obtain design wins among major OEMs for Trident’s products; the availability of wafers from our suppliers; and competitive pressures, including pricing and competitors’ new product introductions; the impact of the uncertain global macroeconomic environment; the increasingly competitive TV and Set-top Box semiconductor markets and our ability to retain key employees globally.