Thomas Stanton | Chairman & CEO |
Michael Foliano | SVP, Finance, CFO & Corporate Secretary |
Ashwin Kesireddy | Goldman Sachs Group |
Richard Valera | Needham & Company |
George Notter | Jefferies |
Michael Genovese | MKM Partners |
Paul Silverstein | Cowen and Company |
William Dezellem | Tieton Capital Management |
Timothy Savageaux | Northland Capital Markets |
Ladies and gentlemen, thank you for standing by and welcome to ADTRAN's First Quarter 2020 Earnings Release Conference Call. [Operator Instructions].
During the course of the conference call, ADTRAN representatives expect to make forward-looking statements, which reflect management's best judgment based on factors currently known.
However, these statements involve risks and uncertainties, including the continued spread and extent of the impact of the COVID-19 global pandemic. The successful development and market acceptance of our products, competition in the market for such products, the products and channel mix, component cost, manufacturing efficiencies and other risks detailed in our Annual Report on Form-10K for the year ended December 31, 2019.