Sequans Communications S.A. (SQNS) Q2 2012 Earnings Conference Call July 26, 2012 08:00 AM ET Executives Georges Karam - President and Chief Executive Officer Deborah Choate - Chief Financial Officer Analysts Parag Agarwal - UBS Securities Quinn Bolton - Needham & Company Lee Simpson – Jefferies Jay Srivatsa – Chardan Capital Markets Stephane Houri – Natixis Daniel Marquardt - Robert W. Baird Hanna Wakim – UBS PresentationOperator
Welcome to Sequans’ Second Quarter 2012 Results Conference Call. At this time all participants are in a listen-only mode, later we will conduct a question-and-answer session, instructions will be given at that time. As a reminder, this conference is being recorded. Before I turn the conference over to our host Mr. Georges Karam, I would like to remind you of the following important information on behalf of Sequans this call may contain projections or other forward-looking statements regarding future events or our future financial performances. All statements other than present and historical facts and conditions discussed in this call, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for our future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in projections or forward-looking statements. More information on factors that could affect our business and financial results are included in our public filings made with the Securities and Exchange Commission. Please go ahead sir.