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OPERATOR: Good morning. Thank you for joining today's call. With me today are George Colony, Forrester's Chairman of the Board and CEO; [Kelley Hippler], Acting Chief Sales Officer; and Mike Doyle, Forrester's Chief Financial Officer. George will open the call. Mike will follow George to discuss our financials. We will then open the call to Q&A.
A replay of this call will be available until November 22, 2012, and can be accessed by dialing 1-888-843-7419 or internationally at 1-630-652-3042. Please reference the passcode 507-7393 pound.
Before we begin I would like to remind you that this call will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Words such as expects, believes, anticipates, intends, plans, estimates or similar expressions are intended to identify these forward-looking statements. These statements are based on the Company's current plans and expectations and involve risks and uncertainties that could cause future activities and results of operations to be materially different from those set forth in the forward-looking statements.
Some of the important factors that could cause actual results to differ are discussed in our reports and filings with the Securities and Exchange Commission. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
I will now hand the call over to George Colony.
GEORGE COLONY, CHAIRMAN OF THE BOARD AND CEO, FORRESTER RESEARCH, INC.: Thank you for joining the call. Before Mike gives his financial overview I would like to update you on the state of Forrester's business through the third quarter.
As I referenced on the first- and second-quarter calls we are moving the Company through a series of transitions in leadership, in sales, in the way that we deliver research to clients, in technology, and in the ways that we operate globally.
While these moves are resulting in short-term disruptions in the business, I believe that they will put the Company in the best position for long-term growth.
Now it is customary for me to use the quarterly conference call to update you on our three business imperatives. For this call I'm going to depart from my typical outline and instead give you details on the transitions I...