Operator: Good morning. My name is Dennis, and I will be your conference operator today. At this time, I would like to welcome everyone to the Nokia Third Quarter 2011 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.
I would now like to turn the call over to Mr. Matt Shimao, Head of Investor Relations. Sir, you may begin.
Matt Shimao - Head of IR: Ladies and gentlemen, welcome to Nokia's third quarter 2011 conference call. I am Matt Shimao, Head of Nokia Investor Relations. Stephen Elop, President and CEO of Nokia; and Timo Ihamuotila, CFO of Nokia are here in Espoo with me today.
During this call, we'll be making forward-looking statements regarding the future business and financial performance of Nokia and its industry. These statements are predictions that involve risks and uncertainties. Actual results may therefore differ materially from the results we currently expect.
Factors that could cause such differences can be both external; such as general, economic and industry conditions, as well as internal operating factors. We have identified these in more detail on Pages 12 through 39 of our 2010 20-F, and in our quarterly results press release issued today.
Please note that our quarterly results press release, the complete interim report with tables, and the presentation on our website include non-IFRS results information in addition to the reported results information. A complete interim report with tables available on our website includes a detailed explanation of the content of the non-IFRS information and a reconciliation between the non-IFRS and the reported information.
With that, Stephen, over to you.
Stephen Elop - President and CEO: Welcome, ladies and gentleman, and thank you for joining us on today's earnings call. Overall, I'm pleased with Nokia's results this quarter. That being said, it is important to emphasize that we are on a journey during which we are systematically transforming our company for long-term success and improve financial performance.
With each step of that journey, you will see us methodically implement our strategy pursuing steady improvement through a period that has known transition risks, while also dealing with the various unexpected ups and downs that typify the dynamic nature of our industry.
Let me remind you about what the nature of this journey is. On February 11, we announced the new strategy for Nokia with the fundamental intent of creating great mobile products. This strategy comprises, first, the transition of our primary smartphone platform to Windows Phone; second, increased investment in our lower priced mobile phone products as we seek to connect the next billion people to the Internet; and third, investments in areas of potential future disruptions.
Additionally, across these three pillars, we will use our iconic design capabilities, Location & Commerce assets and various unpolished gems as sources of competitive differentiation. Finally, we will change the way we work to better adapt to the disruptive forces around us. As a result of this strategy, we intend to grow longer term Devices & Services net sales faster than the market while delivering Devices & Services non-IFRS operating margin of 10% or more.