And just a second question around just the economy right now and kind of what you are seeing in this downturn? I wonder if you could compare what you are seeing now, and I know it’s a little bit early, but it sounds like everyone agrees we’ve been in a recession for a while here. How you compare the current downturn to what you saw in 2001 and 2002, and any insight into what that holds for the next year or so as a result?

Shantanu Narayen

Well, it’s similar in that it has had an impact on our business. I would say it’s more global than we saw in the 2001/2002 timeframe. In talking to other people in other companies, most people expect that it would be in effect till the end of 2009 and hopefully we have seen the bottom. So that’s sort of how I would look at it. As it relates to Adobe itself, one of the things that we feel fortunate in that one, we do have more of a product mix and a geographic mix than even what we had in the 2001/2002 timeframe, which should enable us to continue to drive revenue and afford better margin protection for our shareholders.

Walter Pritchard - Cowen and Company

Thanks a lot.

Mike Saviage

Operator, we’re running close to the end of time, maybe two more questions.

Operator

We’ll go next to Brad Reback with Oppenheimer.

Brad Reback – Oppenheimer

Just looking forward and talking about profitability, Shantanu, on the other side of this cycle, without getting too specific, do you see this business as continuing to expand margins beyond where they topped out in ’08, or do they stay in the sort of current range with the upside reinvested for demand gen?

Shantanu Narayen

Well, once we get out of this economic, we continue to think that there are so many opportunities available for us as a company and at the rate at which we exited in 2008, we felt like we were at the high-end of virtually every software company in the business, and so at that point, you would continue to see us balance investing in the future versus returning to shareholders.

Brad Reback – Oppenheimer

Excellent thank you.

Operator

And we’ll take our last question from Blair Abernethy with Thomas Weisel Partners.

Blair Abernethy - Thomas Weisel Partners

Thank you, just wanted to get a little further on the LiveCycle performance in the quarter. Can you give us a sense of the visibility you have in this business and how much of the business in Q4 was really coming off of backlog?

Shantanu Narayen