Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Corey Tobin - William Blair.
Corey Tobin - William Blair
Just a couple here if I could, we are excited to hear about project drive and the potential for cost savings there. Any sort of information you can give us with respect to the impact that will have longer term on either operating margins? I know you mentioned that it will return savings in excess of the cost. But what are you thinking, how that translates into operating margin expansion?
Chris Perkins
Again, we are going to get more details on the financial elements and the savings that we expect from that as part of our 2010 guidance, but I can assure you, I think when we talked about the level of costs that we plan to invest with outside consultant support on that initiative, we are very confident there’s going to be a tremendous return on that investment.
We think it will have meaningful impact starting at the beginning of 2010 and will progress each quarter such that we think we can get to the run rate for those initiatives we discussed by the end of the second quarter. So we expect to achieve meaningful savings and it will come out quarter to quarter and we will get our run rate midyear.
Corey Tobin - William Blair
Then one for Jay very quick if I could. Jay, based on your commentary, it sounds like things are really moving on the sales front. I know you said you’re well positioned for Q4, but is it safe to say that you expect at this point the Q4 2009 will be a record bookings quarter for the company?
Jay Deady
That might be a tad aggressive for me to predict that in advance, but I will tell you is compared to the last seven or eight quarters, we entered this quarter with a metric that we track very carefully that does predict success which is surrender of choice selections and being an active contract negotiations and enterprise deals and we entered this quarter with the highest number than we had entering the quarter in the past couple of years. So we certainly have the opportunity to achieve what you mentioned but I’m not going to guarantee victory here at this point in the quarter.
Operator
Your next question comes from Brett Jones - Brean Murray.
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