Brent Thill (Citigroup): This is probably one of the weakest quarters in the last four years in the applications business. What gives you confidence in what you are seeing for Q4 that the applications business will recover? Do you think there’s a risk that the database business will follow what’s happening with the applications?

Charles E. Phillips: Number one, some of those deals have already closed. Two, as you get past the inflection point, people do at some point start to focus back on the business. It was all happening right in the middle of our Q3, all this news came out. Thirdly, it’s our Q4, so a lot of people have annual buying cycles around our Q4, partly it’s our reps because of past behavior and accelerators and those things, and partly it’s the customers. They think they are going to get a better deal if they wait until Q4, so they’ve trained themselves to buy in Q4 from Oracle. A lot of things happen in Q4 for historical reasons and those deals are there.

Kash Rangan (Merrill Lynch): The close rate you are assuming to be 5% lower than what it was in the prior quarter. If you hit the close rate that you are expecting, would you land at the high end of your range or the midpoint of your range? Would that be upside above the top end of the range if your close rates come in exactly in line with your expectations?

Safra A. Catz: My guidance is where it stands. I’m giving you 10% to 20% in new license. Does that include some deals have closed in the quarter, that would have, could have, should have closed in the other quarter? Yes, it does because they didn’t close, so they are going to be in Q4. Is it absolutely true that the forecast that we have from the field, I’ve looked at extremely conservatively and added some conservatism to it? Yes, absolutely. Is it absolutely true that I look at the total pipeline and used a lower close rate than you would expect for a Q4? Yes, I have.