Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Sean Wieland - Piper Jaffray.
Sean Wieland - Piper Jaffray
Bill, first question’s for you on the EPS line. The guidance for full year EPS, does it still stands at $0.49 to $0.53 and should we be using for our pro forma EPS the actual share count you reported or the pro forma share count?
Bill Davis
Sean, so we are absolutely focused on delivering the adjusted earnings, a non-GAAP net income range that we’ve talked about. I do believe that the share count that we have presented in our guidance slide of 155 million is appropriate for people to focus on, because it is reflective of what our go forward share count will be and it takes into account the amount of shares offered to Misys in the transaction as well as the underlying convert and the like.
So we will continue to focus. It’s going to be a little bit choppy in terms of relying on the share count for GAAP purposes here through this year, but I think as the business continues to progress, that higher share count is more appropriate for apples-to-apples comparison.
Sean Wieland - Piper Jaffray
Okay, so we should to add up to your EPS guidance be using on a pro forma basis a higher share count.
Bill Davis
That’s correct.
Sean Wieland - Piper Jaffray
Okay and then Glen, you talked a little bit about Obama; how do you actually see the money being deployed? I mean what mechanism is it? Is it incentives, is it grants, is it pay for performance? What’s your view on that?
Glen Tullman
Sean, I think that there will be a variety of different ways they are going to apply it. One of the clear messages that has been sent to all of the various teams that are working across the administration is to get money out quickly to stimulate the economy and as you heard, I think it was released this morning, President-elect Obama talked once again about electronic health records and the fact that every American should have them.
So my expectation is you’ll see some of that funding go through existing mechanisms and the administration is well aware of the successful CMS program which is based on reimbursement that physicians are currently given. So one thing we know because we’ve seen it and that is if the government decides to say they will reimburse differentially based on whether or not you are using electronic health record that will drive immediate changes in the market.
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