Welcome to the NeoPhotonics 2012 Third Quarter Conference Call. This call is being webcast live on the event calendar page of the Investor Relations section of the NeoPhotonics website at www.neophotonics.com. This call is property of NeoPhotonics and any recording, reproduction or transmission of this call without the expressed written consent of NeoPhotonics is strictly prohibited. You may listen to a webcast replay of this call by going to the event calendar page of the Investor Relations section of the NeoPhotonics website. I would now like to turn the call over to Erica Mannion, Investor Relations for NeoPhotonics.

Good afternoon. Thank you for joining us to discuss NeoPhotonics’ financial and operating results for the third quarter ended September 30, 2012. With me today are Tim Jenks, Chairman and CEO and JD Fay, CFO. The call today contains forward-looking statements that involve risks and uncertainties. These include statements related to NeoPhotonics’ business outlook for the quarter ending December 31, 2012 and full year 2013, future periods and industry trends, as well as forward-looking statements that we may make in response to questions. Forward-looking statements are generally indicated by words such as “would”, “believe”, “expect”, “outlook”, “estimate,” “anticipate”, “forecast” and similar expressions that look toward future events or performance. Actual results may differ materially from forward-looking statements. Factors that could cause results to differ materially from these statements include those described in today’s press release as well as those detailed in the section entitled "Risk Factors" of the company’s Quarterly Report on Form 10-Q most recently filed with the SEC. NeoPhotonics cautions you not to place undue reliance on forward-looking statements, and that these statements speak only as of the date they are made. In addition, non-GAAP financial measures will be discussed today. Please visit the Investor Relations section of the NeoPhotonics website for a copy of the company’s press release, which contains an explanation of these non-GAAP financial measures as well as a reconciliation to the comparable GAAP measures. Now, I will turn the call over to Tim Jenks.

Thank you for joining us today. I will provide a financial update and discuss progress in our overall business. I will comment on our expansion with products for Coherent and other high speed and Access networks, and on our view about the industry and its direction. I will then turn the call over to our CFO, JD Fay, for a review of the third quarter. I will close by discussing our outlook going forward with a view toward some of the key opportunities we see at NeoPhotonics and our execution plans in support of them. In the third quarter, we delivered record revenue of $66.2 million, which was slightly above the high end of our projected range of $60-$66 million provided in our second quarter 2012 conference call. And, we are excited to report that we achieved profitability in the third quarter. Our GAAP diluted earnings per share from continuing operations was $0.02, a significant improvement from a loss of $0.13 in the prior quarter and a loss of $0.47 in the first quarter, and well above our projections for the third quarter. Our non-GAAP gross margin expanded to 32.9%, increasing significantly from 26.5% in the prior quarter and well above our projection of 26% to 28%. This improvement is primarily the result of our continuing focus on improving the product mix and technology developments relating to our new products, particularly for high speed networks, and our efforts in operational effectiveness. In the third quarter, we experienced 54% growth over the same period last year. This was largely due to increased demand across our business, notably for products used in Coherent and other high speed networks, as well as for Agility products. In the third quarter of 2012, revenue from “Speed and Agility” products was approximately 59% of our total…

Thank you, Tim, and good afternoon. For the third quarter of 2012, revenue was $66.2 million, which was 54% higher than our third quarter 2011 revenue of $42.8 million, and up 5% from the second quarter of this year. Our reported revenue is above our projected range and another quarter of record revenue for the company. GAAP gross margin for the third quarter was 31.2%. Non-GAAP gross margin for the third quarter of 2012 was 32.9%, significantly above both our projection and the previous quarter’s Non-GAAP gross margin of 26.5%. Further, our non-GAAP gross margin was better than the 27.8% result from the third quarter of 2011. Non-GAAP gross margin for the third quarter of 2012 excludes amortization of purchased intangibles and other assets relating to the acquisition of Santur of $0.9 million, and stock-based compensation expense of $0.2 million. As Tim highlighted, we achieved profitability in the third quarter. Income from continuing operations for the third quarter of 2012 was $0.7 million, as compared to a loss from continuing operations of $3.7 million in the second quarter and a loss of $4.2 million in the third quarter of 2011. Diluted income per share from continuing operations for the third quarter of 2012 was $0.02, a significant improvement from the loss per share of $0.13 in the prior quarter. Non-GAAP income from continuing operations for the third quarter was $2.7 million, a significant improvement from the loss of $1.7 million in the second quarter and compares to the loss of $3.2 million in third quarter of 2011. Non-GAAP diluted income per share from continuing operations for the third quarter was $0.08, a significant improvement from the loss of $0.06 per share in the prior quarter and the loss of $0.13 per share in the second quarter of 2011. Non-GAAP income…