Question-and-Answer Session
Operator
(Operator Instructions)
Our first question comes from David Cahill with RBC Capital Markets. Please proceed with your question.
David Cahill - RBC Capital Markets
Hi guys, just a few questions regarding Sun; that seems to have declined, I think, slower than the business that's declining, anyway slower than expected. Have you reached that expectation there, or do you continue to be, I guess, conservative, or maybe the word is aggressive, on the revenue declines in the forward outlook? And then, I have two other questions.
Hanif Jamal
We've not really reached that expectation, externally. I think that our forecasts are dependant upon the forecasts we've historically got from Sun. Yes, relative to our original thoughts a couple of years ago, the business has declined a little bit slower than we originally anticipated. But our own internal forecasts today are not that far off than what our actual results are.
David Cahill - RBC Capital Markets
Okay. So, there hasn’t been that much of adjustment relative to, I guess, or you may have anticipated originally?
Hanif Jamal
There has been an adjustment from what we had anticipated a couple of years ago, but on a quarter-to-quarter basis, we are not being surprised materially.
David Cahill - RBC Capital Markets
Yeah.
Dana Kammersgard
Hey, Dave this is Dana. Historical facts are not necessarily indicative of future performance, so we are taking what we think to be a prudent outlook towards the projection. It's a hard slope to call. As we've said numerous times in the past, this is the slope on the NetApp volume, and now the slope on the HP volume is hard to call, as well. We've been relatively surprised that the revenue stream has not tailed off as quickly as some might have projected. But that doesn't necessarily mean that we are opening ourselves up for short falls in the future by being too aggressive with respect to our projections.
David Cahill - RBC Capital Markets
Okay. All right, thank you. With respect to HP, are there any other warrants there? Are there any other contingent claims associated with those warrants, or are they fairly mainly awarded?
Hanif Jamal
They are fairly cleanly awarded. I mean, bottom line is that the exercise price is above $2.40, they [vested] immediately. They are pretty straight forward. They are pretty standard terms and conditions.
David Cahill - RBC Capital Markets
Okay. And then finally, stock base comp expense, give an estimate for that for Q1, just so we can look apples-to-apples versus prior years?
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