Teradyne (TER) Q4 2011 Earnings Call January 26, 2012 10:00 am ET Executives Gregory R. Beecher - Chief Financial Officer, Principal Accounting officer, Vice President and Treasurer Michael A. Bradley - Chief Executive Officer, President and Executive Director Andrew J. Blanchard - Vice President of Corporate Relations Analysts Stephen Chin - UBS Investment Bank, Research Division Mehdi Hosseini - Susquehanna Financial Group, LLLP, Research Division Unknown Analyst James Covello - Goldman Sachs Group Inc., Research Division Christopher J. Muse - Barclays Capital, Research Division Satya Kumar - Crédit Suisse AG, Research Division David Duley Krish Sankar - BofA Merrill Lynch, Research Division Patrick J. Ho - Stifel, Nicolaus & Co., Inc., Research Division Jagadish K. Iyer - Piper Jaffray Companies, Research Division Vishal Shah - Deutsche Bank AG, Research Division Thomas Diffely - D.A. Davidson & Co., Research Division PresentationOperator
Good morning, my name is Cody, and I will be your conference operator today. At this time, I would like to welcome everyone to the Teradyne Q4 2011 Earnings Conference Call. [Operator Instructions] Mr. Blanchard, you may begin. Andrew J. Blanchard Thank you, Cody. Good morning, everyone, and welcome to our discussion of Teradyne's most recent financial results. I'm joined this morning by our Chief Executive Officer, Mike Bradley; and our Chief Financial Officer, Greg Beecher. Following our opening remarks, we'll provide details of our performance for the fourth quarter and full year 2011 as well as our outlook for the first quarter of 2012. First, I’d like to address several administrative issues. The press release containing our most recent financial results was sent out via Business Wire last evening. Copies are available at teradyne.com where this call is also being simulcasted.