Finally got a chance to listen to it. Replay can be got at http://phx.corporate-ir.net/phoenix.zhtm... Overall pretty positive. Michael Hara Sr. Investor Relations. 1. Some concern about Europe, have 35% of business there, nothing has shown up yet - only concern, 2. Decent level of inventory at 65 days, comfortable with channel inventory which is well below historic levels, 3. dRam - strength for older chipsets in China 4. Enterprise outlook very good 5. Optimus - very well received, 70-80 netbooks coming with Optimus 6. Tegra Tablets - delayed until Q4 and Q1 of next year due to new Android Operating System (gingerbread). Large number of designs 7. Quadro - Much more potential to grow at higher margins. Sees even greater opportunity by combining the strength of Tesla & Quadro 8. Chipset business will go away in 12-18 months. Main customer will is Apple and they expect a conversion on next upgrade. They expect to pick up GPU to offset loss as MCP winds down.
Overall a pretty positive tone and nothing to warrant the recent sell off in the stock that we have seen.