UTStarcom Holdings Corporation ( UTSI) Q4 2011 Earnings Call March 13, 2012 8:00 AM ET Executives Jing Ou Yang – Director, IR Jack Lu – President and CEO Jin Jiang – CFO Analysts Lily Wu – TGRA Capital Himanshu Shah – Shah Capital PresentationOperator
Thank you for standing by for UTStarcom’s Fourth Quarter and Full Year 2011 Earnings Conference Call. (Operator Instructions) A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Ms. Jing Ou Yang, Investor Relations Director for UTStarcom. You may begin. Jing Ou Yang Hello, everyone, and welcome to UTStarcom’s Fourth Quarter and Full Year 2011 Earnings Conference Call. We distributed our earnings press release earlier today and you can find a copy via Newswire Services and on our website at www.utstar.com. In addition, we have posted a slide presentation on our website, which you can download and use to follow along with today’s call. On today’s call we have Mr. Jack Lu, our President and CEO; and Ms. Jin Jiang, our CFO. Before we get started, I will read the company’s advisory on forward-looking statements. This call will include forward-looking statements on topics that include, but may not be limited to the company’s restructuring initiatives, IPTV revenues, profit margins and projected business model. Forward-looking statements are generally indicated by such words as will, expects, estimate, goals, plans or similar words. These statements are forward-looking in nature and subject to risk and uncertainties that may cause actual result to differ materially.