Operator: Good morning, everyone and welcome to the conference call for analysts and investors for the Infineon Technologies Fiscal Fourth Quarter and 2012 Fiscal Year Results. Today's call will be hosted by Mr. Ulrich Pelzer, Corporate Vice President, Finance, Treasury and Investor Relations of Infineon Technologies. As a reminder, today's conference is being recorded.
This conference call may contain forward-looking statements based on current expectations or beliefs as well as a number of assumptions about future events. We caution you that statements that are not historical facts are subject to factors and uncertainties many of which are outside Infineon's control that could cause actual results to differ materially from those described or implied in such statements.
Listeners are cautioned that Infineon's actual results could differ materially from the results anticipated or projected in any of these statements, and they should not put undue reliance on them. For a detailed discussion of important factors that could cause actual results to differ materially from the statements made on this conference call, please refer to our quarterly and annual reports available on our website.
At this time, I'd like to turn the call over to Infineon. Please go ahead.
Ulrich Pelzer - Head of IR: Thank you very much to the introduction. Welcome everyone on this call on behalf of Infineon Technologies to a discussion of fiscal Q4 2012 results and our outlook for the fiscal first quarter of 2013 and the full year 2013.
Present here is the entire management Board. Our CEO, Reinhard Ploss, our CFO, Dominik Asam as well as Arun Mittal, responsible for Strategy, M&A, Sales and Marketing. As per usual, we have prepared introductory remarks by our CEO and CFO after which we will proceed with Q&A.
With that over to you.
Reinhard Ploss - CEO: Thank you, Ulrich. Ladies and gentlemen, welcome to our fiscal fourth quarter and 2012 fiscal year results conference call. During our introductory remarks, I will begin by commenting on our results, market development and our achievements during the last quarter. Dominick then provide you with detail on financials before I conclude with the outlook for quarter one and fiscal year 2013. We will then open up the call for your questions.
Infineon recorded revenues of €982 million in the fourth quarter, slightly down from €990 million in the third quarter. Segment result in the fourth quarter came to €116 million versus €126 million in the third quarter, a quarter-over-quarter margin decline from 12.7% to 11.8%.
Orders in the Automotive, communications infrastructure and Chip Card market soften slightly in the quarter while the computing and industrial markets continued to remain weak. These factors resulted in an overall book-to-bill ratio for the quarter of 0.8 lower than the book-to-bill of 0.9 for the third quarter.
I will now address the individual operating segments starting with Automotive. Automotive revenue decreased by 3% quarter-on-quarter to €416 million reflecting the industry's typical summer decline. The lower sales volume caused the segment result to decline to €47 million from €54 million in the prior quarter. Book-to-bill decreased from just below 1 for the third quarter to 0.9 to the fourth quarter.