Ken Rizvi

Thank you, Stephanie. Good afternoon, and thank you for joining ON Semiconductor Corporation's Fourth Quarter and 2011 Annual Results Conference Call. I'm joined today by Keith Jackson, our President and CEO; and Donald Colvin, our CFO. This call is being webcast on the Investor Relations section of our website at onsemi.com, and a replay will be available for approximately 30 days following this conference call along with our earnings release for the fourth quarter and year ended 2011. The script for today's call is posted on our website. Our earnings release in this presentation includes certain non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable measures under GAAP are in our earnings release and posted on our website in the Investor Relations section.

In the upcoming quarter, we will be attending the Morgan Stanley Technology, Media, Telecom Conference on February 28 and the Susquehanna Financial Group's semiconductor conference on March 6 and the Wedbush Technology, Media & Telecom Conference on March 7.

During the course of this conference call, we will make projections and other forward-looking statements regarding future events or the future financial performance of the company. The words believe, estimate, anticipate, intend, expect, plan or similar expressions are intended to identify forward-looking statements. We wish to caution that such statements are subject to risks and uncertainties that could cause actual events or results to differ materially.

Important factors relating to our business, including factors that could cause actual results to differ from our forward-looking guidance, are described in our Form 10-K, 10-Qs and other filings with the SEC.

Additional factors are described in our earnings release for the fourth quarter and 2011, which include uncertainties regarding the ongoing impact of the flood in Thailand.

Our estimates may change and the company assumes no obligation to update forward-looking statements to reflect actual results, change assumptions or other factors.

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