Ceragon Networks (CRNT) Q2 2012 Earnings Call August 06, 2012 9:00 am ET Executives Ira Palti - Chief Executive Officer and President Aviram Steinhart - Chief Financial Officer and Executive Vice President Analysts George Iwanyc - Oppenheimer & Co. Inc., Research Division Daniel Meron - RBC Capital Markets, LLC, Research Division Peter Misek - Jefferies & Company, Inc., Research Division Matt Ramsay - Canaccord Genuity, Research Division Blaine R. Carroll - Avian Securities, LLC, Research Division Joseph Wolf - Barclays Capital, Research Division Aalok K. Shah - D.A. Davidson & Co. Brad Erickson PresentationOperator
Good day, everyone. Welcome to the Ceragon Networks Ltd. Second Quarter 2012 Results Conference Call. Today's call is being recorded and will be hosted by Mr. Ira Palti, President and CEO of Ceragon Networks; and Mr. Aviram Steinhart, CFO of Ceragon. Today's call will include forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections that involve a number of risks and uncertainties. There can be no assurance that future results will be achieved, and actual results could differ materially from forecasts and estimates. These are important factors that could cause actual results to differ materially from forecasts and estimates. Some of the factors that could significantly impact the forward-looking statements in this include the risk of the significant expenses in connection with potential contingent tax liability associated with Nera's prior operations and facilities. The risk that the combined Ceragon and Nera business may not perform as expected, risks associated with increased working capital needs and other risks and uncertainties, which are discussed in greater detail in Ceragon's Annual Report on Form 20-F and Ceragon's other filings with the Securities and Exchange Commission.