Question-and-Answer Session
Operator
Thank you. At this time we are ready for the question and answer portion. (Operator Instructions) Our first question comes from Anthony Stoss with Craig-Hallum. You may ask your question.
Anthony Stoss – Craig-Hallum Capital Group LLC
Merv, can you help us at least on the stock comp kind of going for what to expect from stock comp expense and also, John, if you could talk about the pricing environment and give us a sense of kind of the HDMI launch from the Chipidea guys?
Mervin S. Kato
I’m assuming you’re asking about the FAS123 stock comp?
Anthony Stoss – Craig-Hallum Capital Group LLC
Yes.
Mervin S. Kato
We had about $2.3 million in the quarter and we expect that we will probably see about that same amount going forward probably dropping off a little bit next quarter. The reason we had some additional charges this year is just the timing of when we have our annual stockholders’ meeting when the Board members receive their grant and we had one in August so there was additional charge as a result of that there. I think we would continue to see approximately $1.8 to $2.1 million per quarter.
Anthony Stoss – Craig-Hallum Capital Group LLC
Okay.
John Bourgoin
Yeah, Tony, I assume you’re talking about the general pricing environment for licensing?
Anthony Stoss – Craig-Hallum Capital Group LLC
Yes.
John Bourgoin
Yeah. Right now I’d say there’s some areas of top competitive activity going on both where we’re being very aggressive and where our competitors are being very aggressive so it’s – Business overall in licensing is a little on the soft side and when you see that I think you see some pretty aggressive activities. So, in general, that’s how I’d describe it. I think guys are out to cut good deals now. The good news for us is we have the most competitive products in the world. We’ve got the fastest product, we’ve got I think the best microcontroller product and we have actually the only multi-threaded products out there plus we have some other really neat stuff coming out that we’ll be ready to talk about before too long.
With regard to your question on HDMI we’re really not ready to talk about that yet. That’s not an introduced product and you’ll hear about that from us in the next couple of months.
Anthony Stoss – Craig-Hallum Capital Group LLC
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