Joe Shiffler | Power Integrations, Inc. |
Balu Balakrishnan | Power Integrations, Inc. |
Sandeep Nayyar | Power Integrations, Inc. |
Tore Egil Svanberg | Stifel, Nicolaus & Co., Inc. |
David Williams | Drexel Hamilton LLC |
Liz Pate | Susquehanna Financial Group LLLP |
Edgar Roesch | Sidoti & Co. LLC |
Good afternoon. My name is Jessa, and I will be your conference operator today. At this time, I would like to welcome everyone to the Power Integrations First Quarter Earnings 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.