Sue Pirri

You know Heather, it’s Sue. The customers that are not on maintenance now -- I mean, the amount of revenue we are getting from that is so small it’s not worth you really spending a lot of time on.

Heather Bellini – UBS

Okay.

Sue Pirri

It just really isn''t. You know, you’ve got to remember that now it’s such that if they don’t upgrade after the third year, their license expires and they would have to purchase a new seat, so there is not a lot of flexibility for them to let it go a whole lot longer or they have to buy a new seat and there’s significant economic penalties for that.

Heather Bellini – UBS

Okay, so headcount is the key metric. Thank you very much.

Operator

Your next question comes from the line of Donovan Gow with American Technology Research. Please proceed.

Donovan Gow - American Technology Research

Hi. With the downturn, could you comment a little bit on if that’s affected your appetite for share buy-backs at all, particularly given that, or even your ability to buy back shares, given the large cash balance that’s offshore? And then also as you look to next year and cost reduction efforts, do you have any particular margin targets still in mind?

Carl Bass

So as it relates to buy-backs, we’ve always said that we will buy back stock to offset employee stock programs. We made a big purchase this year of about 8 million shares. We’ve not nearly had that number of shares exercised through any of our programs.

I’m very mindful of cash these days. I think as I’m seeing from our customers, as I’m seeing from the banks out there, I think this is a time in which holding cash is not a bad strategy and I think that I want to do everything we can possibly do to preserve our cash positions. I think it’s one of our strengths and should the economies of the world get any worse, I think it’s going to become an even more precious commodity. So, with little money in the U.S. or with more money offshore and the penalty for bringing that money back, it’s a very inefficient use of our cash to buy back stock and so I would not do that.

I think we have to -- we’ll re-evaluate as we see how the economy goes, as well as when people look, probably not until the new Congress, you know, new tax laws including repatriation.

Donovan Gow - American Technology Research

Okay, and on the margin front?

Carl Bass

You know, I won’t give any specific guidance at this point. Obviously, what we have tried to do is take matters in our own hand in terms of the expenses. You know, revenues, we’re trying to do everything we can to really stimulate demand but at this point, it’s really just a mathematical by-product of how much revenue is there. So at this point, I wouldn’t want to give targets around margins.