Paul Otellini - President, Chief Executive Officer, Director
Yes, I will take that. We think that there was an inventory drain and a worldwide supply chain for PCs in the fourth quarter. Our channel checks would suggest that a lot of older generation Windows 7 PCs were burned off in the quarter. When we look overall at inventory levels across all the downstream inventory, we think it’s a healthy level of inventory. It looks appropriate for how we see demand and then in terms of our own inventory levels, obviously we reduced them significantly in the fourth quarter.