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Market Update : 
Autodesk Q3 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 12:35 AM ET December 07 2008


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Sue Pirri

Yes.

Richard Sanders - Clovis Capital

Okay, so 2010 will be more at current exchange rates?

Carl Bass

Yes.

Richard Sanders - Clovis Capital

Okay, and then in terms of your --

Carl Bass

No, 2010 will be whatever 2010 turns out to be. We --

Richard Sanders - Clovis Capital

No, I meant -- I meant on the hedge.

Carl Bass

Yes, yes.

Richard Sanders - Clovis Capital

All right, and then on the sales and marketing expense line, how much variability is there to revenues in that? And I mean more how much of that goes to kind of the commission accelerator for the channel when they hit certain targets, etc.? So how much will that decline with revenues, or go up conversely?

Sue Pirri

Well, the commission -- I mean, commissions and accelerators are a decent size piece and typically where you see it is in the fourth quarter with accelerators in a timeframe when we are well above our plan for the beginning of the year, which obviously is not the case this fourth quarter. So you shouldn’t see lots of variance as a result of changes there. We did point out already that across the company, we made accruals to -- you know, made adjustments to our accruals for all of the performance-based plans, so it doesn’t just affect sales and marketing. In fact, it affects every expense line.

Operator

Your final question comes from the line of Sterling Auty with J.P. Morgan. Please proceed.


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