Transcript
Operator
Executives Steven Buhaly - CFO, VP - FinanceRalph Quinsey - President, CEOAnalysts Nathan Johnsen - Pacific Crest SecuritiesAalok Shah - D.A. Davidson & Co.Stephen Ferranti - Stephens Inc. Edward Snyder - Charter Equity ResearchVenk Nathamuni - JP MorganDrew Burke - Century Hills AdvisersJames Faucette - Pacific Crest SecuritiesOperator Good afternoon. My name is Robert, and I will be your conference operator today. At this time, I would like to welcome everyone to the TriQuint Semiconductor Second Quarter results conference call.All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.(Operator Instructions) Thank you. Mr. Steve Buhaly, you may begin your conference call.Steven Buhaly Thank you. Good afternoon, and welcome to our second quarter 2008 conference call. This call will include forward-looking statements about TriQuint's projected financial and operating results and the financial impact of the WJ Communications acquisition, among other things.Results could differ materially based on various factors, including those variables and risk factors described in TriQuint's reports on Forms 10-K and 10-Q and other filings with the Securities and Exchange Commission, and in the case of the WJ Communications acquisition, our success in integrating the acquisition and realizing the expected results.This presentation also includes non-GAAP financial measures which exclude equity compensation charges and charges associated with the acquisition of WJ Communications. These non-GAAP measures are provided to enhance the user's overall understanding of our core operating performance. A full reconciliation of these non-GAAP measures and a reconciliation of TriQuint and WJ Communications results, to the results of the combined Company can be found in our press release. Ralph will now provide an overview of the quarter.Ralph Quinsey Thank you, Steve. In Q2, TriQuint continued our trend of growing revenue and improved gross margin. Our core revenue, which is…