Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Edwin Mok with Needham & Company.
Edwin Mok - Needham & Company
One question I have is regarding the memory spending. Some of your competitors talk about potentially some memory pushed out in this quarter. Have you seen that?
Richard Hill
We have not seen any incremental push outs during this quarter.
Edwin Mok - Needham & Company
Any change in the spending plan or any color you can provide in terms of IDM either for this quarter or for the rest of the year.
Richard Hill
None that we see at this time, no changes. And we really only talk about this quarter rather than through the full year, so I can’t comment on the rest of the year. But no changes from what we anticipated at the beginning of the quarter and what we see now.
Operator
Your next question comes from Timothy Arcuri with Citi.
Timothy Arcuri – Citigroup
We have basically one month left in the quarter and yet there is still a big range to the bookings guidance and I’m wondering, you know, usually you tend to tighten the range on the mid-quarter, so I’m wondering if we can read anything into that given that it’s still a pretty big range for only one month left in the quarter.
Richard Hill
Not really, if I were going to tighten the ranges I would probably be a little bit more optimistic, but I chose not to be.
Timothy Arcuri – Citigroup
Secondly, we’ve heard some chatter recently about there being some pick up in DRAM design activity, so not that they’re spending more money, but that some of the skippage of, some of the 70nm transition, that they’ve kind of gotten through that and they’ve now moved onto taping out some kind of early 62nm-65nm designs. Have you seen any sort of that chatter amongst your DRAM customers?
Richard Hill
You know, we’ve characterized the DRAM market as an extremely competitive environment and we believe that there are some very healthy competitors that have great technology that are going to continue to push that technology to gain market share and continue to grow. So what you say is consistent with what we also see in the marketplace, so there’s really no new chatter or no new news on that.
Timothy Arcuri – Citigroup
Do you have any update in terms of some of the OpEx targets that you have given, you know, later on this year? Are you on plan? Are you a little bit ahead of plan?
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