East Timor Votes For New President

East Timorese President Jose Ramos Horta speaks during a press conference in Dili, East Timor, March 19, 2012. Horta, who campaigned for East Timor's independence, conceded defeat Monday after a poor showing in weekend elections. (AP)

East Timor presidential front-runner Francisco "Lu Olo" Guterres speaks during a press conference in Dili, East Timor, March 19, 2012. Guterres is of the traditionally strong leftist Fretilin party. (AP)

Citizens watch presidential election results being broadcast in Dili, East Timor, March 18, 2012. (AP)

Election results come in on March 18, 2012. (AP)

An election commission volunteer shows a ballot paper during ballot counting at a polling station in Dili, East Timor, Saturday, March 17, 2012. (AP)

Voters line up at polling station, March 17, 2012. (AP)

East Timorese election commission volunteers open a ballot box for the ballot counting of the presidential election in Dili March 17, 2012. (Reuters)

East Timorese President Jose Ramos-Horta shows his ballot before voting in the presidential election in Dili, East Timor, Saturday, March 17, 2012. East Timorese started voting for their new president Saturday, putting to test the young nation's political

East Timor President Jose Ramos-Horta conceded defeat in his bid to win a second term in office.