AXT (AXTI) Q2 2012 Earnings Call August 01, 2012 4:30 pm ET Executives Leslie Green Raymond A. Low - Chief Financial Officer, Principal Accounting Officer, Vice President and Corporate Secretary Morris S. Young - Co-Founder, Chief Executive Officer and Director Analysts Avinash Kant - D.A. Davidson & Co., Research Division Edwin Mok - Needham & Company, LLC, Research Division Richard C. Shannon - Craig-Hallum Capital Group LLC, Research Division Dave Kang - B. Riley & Co., LLC, Research Division Rob Ammann PresentationOperator
Good afternoon, everyone, and welcome to the AXT's Second Quarter 2012 Financial Conference Call. As a reminder, today's conference is being recorded. Leading the call today is Dr. Morris Young, Chief Executive Officer; and Raymond Low, Chief Financial Officer. My name is Lisa, and I will be your coordinator for today. As a reminder, we will be conducting a question-and-answer session at the end of today's conference. Instructions will be given at that time. I would now like to turn the conference over to Leslie Green, Investor Relations for AXT. Leslie Green Thank you, Lisa, and good afternoon, everyone. Before we begin, I would like to remind you that during the course of this conference call, including comments made in response to your questions, we will provide projections or make other forward-looking statements regarding, among other things, the future financial performance of the company and our ability to control costs and improve efficiency, increase orders in succeeding quarters, improve our competitive position as the market improves, as well as other market conditions and trends. We wish to caution you that such statements deal with future events are based on management's current expectations and are subject to risks and uncertainties that could cause actual events or results to differ materially.