Executives Steve Buhaly - CFORalph Quinsey - President and CEOAnalysts Edward Snyder - Charter Equity ResearchJeff Kvaal - Lehman BrothersAalok Shah - D.A. DavidsonAmit Kapur - Piper JaffraySteve Ferranti - Stephens IncorporatedPierre Maccagno - Needham & CompanyScott Jones - JPMorganDavid Kelly - Boston State StreetAlex Woodward - Mazama CapitalOperator Good afternoon. My name is Don, and I will be your conference operator today. At this time, I would like to welcome everyone to the TriQuint Semiconductor first 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. Buhaly, you may begin your conference.Steve Buhaly Thank you. Good afternoon and welcome to our first 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 WJ Communications acquisition, our success in integrating the acquisition and realizing the expected synergies.This presentation also includes non-GAAP financial measures, which exclude equity compensation charges. 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 can be found in our press release.Ralph will now provide an overview of the quarter.Ralph Quinsey Thank you, Steve. TriQuint delivered a solid quarter in Q1, with revenue of $111.1 million and earnings slightly better than our original expectation. Our revenue was down sequentially, as we had projected, due to normal seasonal declines typical in the March quarter and customer inventory adjustments discussed on…