Based on current business trends, the outlook for the second fiscal quarter of 2010, ending May 2, 2010, is expected to be as follows:
GAAP | Reconciling Items | Non-GAAP | ||||
Net Revenue | Up 6% to 9% | Up 6% to 9% | ||||
Gross Margin | 43.0% plus/minus 1ppt. | $16M | 46.5% plus/minus 1ppt. | |||
Operating Expenses | $122M | $10M | $112M | |||
Interest and Other | $8M | $8M | ||||
Taxes | $9M | $9M | ||||
Diluted Share Count | 244M | 248M |