Rory P. Read
 
Thank you, Ruth, and thank you, all, for joining us on the call today. AMD's third quarter revenue was up $1.69 billion, up 7% from the prior quarter and up 4% year-over-year. And AMD's non-GAAP operating income grew by 28% quarter-to-quarter and was flat year-over-year.  
 
In my first 60 days at AMD, I'm excited by the energy and resources I see here and I'm encouraged by what I hear from our customers and partners. AMD clearly continues to play an important leadership role in the industry but there's more to do.
 
There is a lot of interest in our products, and customers are looking for us to improve our execution in order to help them to grow even faster.  
 
Third quarter demand for our new AMD platforms was strong, particularly in the mobile processor space, where we saw revenue grow 35% sequentially and 20% year-over-year, clearly outpacing the market in a significant way. Additionally, in the server space, we saw a solid 27% gain in revenues sequentially with solid customer demand for our next-generation Opteron offerings.  
 
However, we also had our challenges. We saw both 32 and 45 nanometer supply challenges in the third quarter. No doubt, we must improve our execution and we are taking action to improve our ability to consistently deliver our products on time, day in and day out. We are working with our key partners to improve the process' discipline to deliver on our commitment to our customers. We have more to do, but we are clearly making progress and we are on the right path.  
 
Now let's take a deeper look at the mobile segment. In the third quarter, we saw a record AMD processor shipment and revenue in the mobile space. Over 90% of our mobile units were Fusion APUs, which are uniquely suited to meet the advanced processing needs of today's mainstream and entry-level mobile PC buyers. For example, we believe AMD's worldwide share of the $200 to $600 retail price bid is now over 28%. These bands make up 45% of the retail notebook volume across the planet, and we believe AMD gained consumer notebook share in the key emerging markets year-over-year, particularly in China, where our microprocessor revenue grew 23% quarter-on-quarter.  
 
We also set another record for Brazos shipment in the quarter, up 36% quarter-to-quarter, and our mobile AMD processor unit sales in total are now up over 50% in the last 2 quarters alone. We clearly outgrew the market in the mobile segment and we believe we took share in the quarter.  
 
Now for our server business. The third quarter was the beginning of a move in the right direction, with server revenue up 27% sequentially. Initial production shipments of our new AMD Opteron products gained traction in the high-performance computing space, where with the help of our key partner, Cray, and some of our most notable customers which included the National SuperComputer Centers in Stuttgart, Germany, in the U.K. and in Switzerland, as well as the United States Department of Energy Titan project at the Oak Ridge National Laboratory. This project, in fact, is likely to be one of the world's fastest supercomputer. We are excited about our key partners, including HP and Dell, who are launching new products based on our new Opteron platform this fourth quarter, and we are confident they will do well against competition, particularly in key workload areas like the cloud and virtualization.  
 
Now let's turn our attention to the graphics business. AMD's graphics segment continued to be a solid business for us. Segment revenue was up 10% quarter-over-quarter and up 4% year-over-year. This growth was driven largely by strong seasonal revenue increases in the AIB channel. Our AMD Radeon HD GPU was also recognized as the world's fastest mobile product in the most recent quarter. This continues to show outstanding graphics innovation from AMD. We also publicly demonstrated our next-generation 28 nanometer GPU product during the third quarter, and we look forward to building on our performance leadership position in the graphics area throughout 2012 and the years ahead.  
 
Now let me take a moment to focus on execution. From an execution standpoint, you know and we know, we faced significant manufacturing challenges in the quarter. Having said that, demand was strong and interest in our products is significant. We will continue an aggressive effort with our foundry partner to improve manufacturing performance at this important 32-nanometer technology, and we have already seen steady improvement day after day, we week after week, but we are not out of the woods yet.  
 
In our last few quarters, you've also heard Thomas described our initiatives to streamline our business processes. We will continue to explore ways to accelerate this effort, both to unlock these efficiencies and productivity to better compete in the current marketplace and also to enable our organization to better capture the trends for which our technology are so well suited, namely the move to low power platforms, the continued rise of the emerging markets and the emergence of cloud and mega data center computing.  
 
So in summary, our exciting new AMD Fusion architecture is a unique and differentiated approach and we are seeing strong interest from the marketplace. It is particularly well targeted to lower power form factor and a high-volume price band. And our new Opteron server technology is well tuned to increasingly important workloads, like virtualization and cloud-based servers. We are seeing a nice uptick in our server business, which is in fact long overdue. Customer demand is strong and momentum is clearly there. And while we face challenges in supply and execution, we are making steady improvements with a maniacal focus on execution across the entire company.  
 
In short, I believe AMD is uniquely positioned to take advantage of today's largest and fastest-growing market opportunities. Through better execution, we will accelerate our growth. Through innovation, we will lead in this changing technology landscape and capture the emerging inflection points already underway.  
 
With that, I'll turn it over to Thomas, who will cover the financials for our third quarter.

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