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Now let me flip it over to Bernard Gutmann, who will provide an overview of the fourth quarter and 2012 annual results. Bernard Thanks, Sloan, and many thanks to everybody becoming a member of us these days. In our final earnings contact, I laid out 3 major areas that I would be focusing on as the new CFO in order to drive more powerful overall performance and earnings accretion. I would like to consider a few moments to tiffany jewelry outlet offer an update on the progress we have made to this stage. The initial focus was reducing the income breakeven level for SANYO Semiconductor from $230 million per quarter to $two hundred million per quarter. We have made great strides in the integration and harmonization of our semiconductors of our SANYO Semiconductor's IT infrastructure and systems. In the fourth quarter, we completed the integration of ON Semiconductor inventory monitoring for SANYO Semiconductor back again finish facilities. We expect to carry on this process with the rest of the organization over the subsequent two quarters. As soon as completed, it ought to permit us to more accurately assess the stock at SANYO Semiconductor. This progress will continue in the coming quarters and should create a more efficient provide chain and manufacturing procedure with much better stock administration and much more accurate forecasting. In addition to the stock monitoring system, we also completed tiffany and co outlet the consolidation of SANYO Semiconductor's non Japan sales offices into existing ON Semiconductor sales offices. Furthermore, we took steps to decrease payroll associated expenses with the elimination of particular bonuses and fringe advantages, and we applied headcounts reductions that will carry on over the subsequent 3 quarters. We are expecting restructuring charges of approximately $forty million to $fifty million due to these actions. Lastly, with the steps currently completed and these in process more than the next two to 3 quarters, we now think we can attain a breakeven level of $190 million for each quarter for SANYO Semiconductor. This breakeven tiffany outlet degree does not account for the impact of the recent yen devaluation. The 2nd area of focus was to enhance the legacy ON Semiconductor business. In the fourth quarter, we finished the alter from three business units to two. The legacy ON Semiconductor business is now produced up of the Standard Product Team and an Application Product Team. Progress is already being