Q1 2008 Earnings

Reported March 30, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

Metric	Q1 2008	Q4 2007	Q1 2007	QoQ Change	YoY Change
Revenue	$3.4B	—	—	—	—
Op. Income	$1.1B	—	—	—	—
Gross Margin	74.1%	—	—	—	—
Net Margin	23.6%	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$890M
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$308M
Operating Expenses	$1.4B
Cost & Expenses	$2.3B
OPERATING INCOME	$1.1B
Interest Income	$36M
Interest Expense	$143M
Other Income/Expenses	$86M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$302M
Net Income from Continuing Ops	$873M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$809M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$809M
D&A	$112M
EBIT	$1.3B
EBITDA	$1.4B

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$890M
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$308M
Operating Expenses	$1.4B
Cost & Expenses	$2.3B
OPERATING INCOME	$1.1B
Interest Income	$36M
Interest Expense	$143M
Other Income/Expenses	$86M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$302M
Net Income from Continuing Ops	$873M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$809M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$809M
D&A	$112M
EBIT	$1.3B
EBITDA	$1.4B