Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Samuel Wilson - JMP Securities.
Doug Ireland - JMP Securities
Hello, this is Doug Ireland for Sam Wilson. I was wondering if you have considered a reverse stock split, as your stock is down between $1 and $2?
Mark Canepa
Yes, good question. These are all pieces of the planning process. Those kinds of things, stock buybacks and so on that the Board considers from time-to-time and these are discussions that I and the Board have on a regular basis. For now, we felt that we are in the correct position. If the Board were to arrive at a different conclusion, obviously we would take action.
Doug Ireland - JMP Securities
Do you consider the Dutch tender that you carried out in the quarter successful?
Mark Canepa
Well, certainly the Dutch tender achieved its goal. We wanted to retire a $100 million worth of stock at that point in time and we were able to reduce our outstanding shares by something close to 25%. So from that point of view, it met the needs.
Operator
(Operator Instructions) Your next question comes from Rohit Chopra - Wedbush Morgan.
Sam - Wedbush Morgan
This is actually [Sam] for Rohit Chopra. On the European service provider sales, we asked this question last quarter, but could you give us an update on where we are in the implementation cycle?
Mark Canepa
That’s right, the question was asked last quarter. We have a lot of service providers in various parts of the world and all in different stages of where their life cycles might be. So we don’t have obviously precise data for any one. We believe that they are continuing their implementations and we continue to work with them on an ongoing basis.
Sam - Wedbush Morgan
I mean, but overall generally do you feel like we are still in the beginning phases or we’re mid-cycle?
Mark Canepa
Well, it depends on the particular carrier. I mean, some of them are just beginning deployments. For example, the Moscow government one, we put it under the enterprise category. It’s really very much of a carrier kind of deployment. Those are long ways to go there and some of them are a little further down the line.
You’ve seen that over the last few quarters our Carrier business continues to be pretty healthy. We believe we’ve got good products and not only are we continuing with the deployment of these carriers, but we are continuing to work and find other carriers that over time will begin to begin new deployments.
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