Douglas Freedman - Broadpoint AmTech
Great. And thanks for taking my question. Congratulations on a strong quarter. Can you guys talk a little bit about what drove the change in stock comp reporting? Is there any underlying change to the compensation structure that you’re working with the employees?
David L. White
You mean the fact that our non-GAAP now includes stock-based compensation. Is that what you mean, Doug?
Douglas Freedman - Broadpoint AmTech
Correct.
David L. White
There was really no change in compensation at all. In fact, if you look at the commentary and so forth I think you’d see that it’s relatively flat quarter-over-quarter. What really king of guided it is that we’d like to get closer to a GAAP reporting structure and most of the analysts and so forth now report GAAP and non-GAAP numbers and so forth.
And so our thought was that this would just remove one more layer of noise in our story by reporting GAAP when we can report GAAP and only have to talk about non-GAAP when there’s an extraordinary item that we need to discuss.
Douglas Freedman - Broadpoint AmTech
All right. Great. And if you could talk a little bit about use of cash and what your thinking is on the buy back of your shares. We’re now seeing dilution creep up every quarter and you’re almost back to where you were. I believe when you were at this level in the past, you talked about wanting to hold dilution down, is that still something that you’re thinking about.
David L. White
Yeah. It’s certainly something we have discussions on and some time this year we’ll probably be more -- be able to talk more openly about what it is we plan on doing with it.
Douglas Freedman - Broadpoint AmTech
And then my last one is really the Fermi architecture. How quickly do you guys think you’re going to be able to take that architecture to the full product line? What is the -- what expectations should we have as far as getting those into the mainstream?
Jen-Hsun Huang
Yeah.
Douglas Freedman - Broadpoint AmTech
And my understanding is correct, you’re going to launch that at the high end?
Jen-Hsun Huang |