Operator: Good afternoon, ladies and gentlemen. My name is Huey and I'll be your conference operator for today. At this time, I would like to welcome everyone to AMD's First Quarter 2013 Earnings Conference Call. All lines have been placed on listen-only mode at this time. After the speakers' remarks, you'll be invited to participate in the question-and-answer session. As a reminder, this conference is being recorded today.
I'll now like to turn the conference over to Ms. Ruth Cotter, Vice President of Investor Relations for AMD. Please go ahead.
Ruth Cotter - IR: Thank you, and welcome to AMD's first quarter earnings conference call. By now, you should have had the opportunity to review a copy of our earnings release and the CFO commentary on PowerPoint slide. If you have not reviewed these documents, they can be found on AMD's website at quarterlyearnings.amd.com.
The participants on our call today are Rory Read, our President and Chief Executive Officer; Devinder Kumar, our Senior Vice President and Chief Financial Officer; Lisa Su, our Senior Vice President and General Manager of Global Business Units who will be present for the QA portion of the call. This is a live call and will be replayed via webcast on amd.com.
I'd like to highlight a few dates for you. Mark Papermaster, our Senior Vice President and Chief Technology Officer will present at the Jefferies Global Technology, Internet, Media & Telecom Conference on 7, May in New York; Andrew Feldman , Corporate Vice President and General Manager Server Business Unit will present at the JPMorgan Technology, Media, and Telecom Conference on May 15, in Boston; our second quarter quite time will begin at the close of business on Friday, June 14; and lastly, we intend to announce our second quarter earnings on July 18 of this year. Dial-in information for the call will be provided in mid-June.
Please note, non-GAAP financial measures referenced during this call are reconciled to their most directly comparable GAAP financial measures in the press release and CFO commentary posted on our website, at quarterlyearnings.amd.com.
Before we begin, let me remind everyone that today's discussion contains forward-looking statements based on the environment as we currently see it. Those statements are based on current beliefs, assumptions and expectations, speak only as of the current date, and as such involve risks and uncertainties that could cause actual results to differ materially from our current expectations.
Please refer to the cautionary statement in our press release for more information. You will also find detailed discussions about our risk factors in our filings with the SEC and in particular AMD's Annual Report on Form 10-K for the year ended December 29, 2012.
Now with that, I'd like to hand the call over to Rory. Rory?
Rory Read - President and CEO: Thank you, Ruth. First quarter revenue was $1.09 billion, slightly better than our guidance. We managed operating expenses in line with guidance, and maintain cash balances above our optimal levels.
We continue to make good progress on our three step turnaround. Step one, restructure to reduce operating costs and improved efficiency. Two, execute our 2013 product roadmap to accelerate our business and return to profitability. Three, ultimately transform AMD to take advantage of high growth opportunities in adjacent markets where AMD's IP provides a competitive advantage.