Thanks BK for that @PWTdP9k
I would like to report that Q3 earnings are down from the same period last year. However non GAPP excluding Murthy's bonuses we show a small up tick. Gross margin has reduced from 60% to 40% as we have had to introduce more cores in our desktop and server products to compete with that tiny company down the road.
We have recently acquired 400 engineers from Mobileye for $17bn or $40,000,000/engineer. The other options were buying the entire English Premier League soccer league or doing a mission to Mars.
We currently have no more liquid cash assets as BK the debt fool has spent all our money. However as you can see the stock price for no good reason has gone to $41, due to the fact that semi conductors or particularly Nvidia are so successful.
We have two targets in place - path to 300 and path to 30. In reality the path to 300 is trying to hide from our employees the fact that massive layoffs are coming because we are a "growth" company'😂. In reality we have to reduce our spending from 37% of revenue to 30% resulting in 20,000 job losses if by some miracle we can keep revenue flat.
With that I'll hand back to the operator for questions ...