We want to caution you that such statements are just predictions or opinions and that actual events or results may differ materially due to fluctuations in the marketplace, delays in developing new products, changes in demand or supply, availability of foundry capacity, risk related to completing the Chingis acquisition or adverse developments in the global economy.We refer you to the documents ISSI files from time-to-time with the SEC, specifically, our most recent Form 10-K filed in December 2011 and our Form 10-Q filed in March 2012. These documents contain and identify important factors that could cause our actual future results to differ materially from those contained in our financial guidance, projections, comments or other forward-looking statements. Scott Howarth Thank you, John. Let me start by providing a summary of the key highlights during the quarter. Our sequential growth in revenue is driven by record revenue achieved in the automotive market partially offset by continued weakness in the communications market. We had increased design win traction in our products in the automotive, communications, industrial, medical, military markets. New product execution is on a track as we continue to introduce additional products, which we expect to drive future revenue growth. We're also seeing increased opportunities to gain share as some of the larger competitors reach end of life on certain DRAM and SRAM products. Finally, last week we announced our tender offer for the shares of Chingis Technology Corporation, a Taiwanese company focused on NOR Flash. Now let me review the results for the June quarter and then I will discuss our acquisition of Chingis in more detail. Revenue was $64.8 million, a growth of 3.6%, sequentially. GAAP net income was $3.1 million or $0.11 per share and non-GAAP net income was $6.5 million or $0.22 per share. Non-GAAP results excluded stock compensation, amortization of acquisition related intangibles and non-cash tax expenses. We also achieve $2.6 million in cash flow from operations.