VeriFone Systems Earnings Call Insights: CapEx Outlook, Canada & Brazil
John Williams – UBS: Had a couple of quick ones. So, Marc, you had mentioned quickly that you are currently having present sense of some certification issues in Canada. I was just hoping you could give us a little bit more info on what you meant by that? Then the second question is on CapEx. I know you mentioned that the quarterly number was lower than planned for the third quarter and I was just hoping you could give us some sense of what the fourth quarter number should look like, should we see that catch-up or is it generally going to run at a lower rate than you had originally planned three months ago?
Marc E. Rothman – EVP and CFO: Let me cover CapEx and Rich will make some comments on Canada. On the CapEx, as you mentioned $18 million for the quarter was lower than our planned expectation of $23 million to $25 million. Part of that was timing and increased focus on investment disciplines. I would expect with that downtick in Q3 that we will run around $25 million in the fourth quarter and that’s what we’re factoring into the free cash flow guidance that I provided. Substantial amount of that, again, would be for revenue generating assets.
Richard A. McGinn – Interim CEO: As far as Canada is concerned. We were not battle-ready in terms of things that we’ve done in the past couple of years. Customer reaction was not positive, and then we came forward to get into the certification queue. We were late to that queue, missed the cycle, and our good competitor, our primary competitor took advantage of that as one would, which had them get a bit move up in terms of business vis-a-vis us. But we’re back on top of it now. We have well-developed rock solid products. We’re getting into certification queue and over the next the two quarters we should see a full product line available for us in Canada, in terms of portable and mPOS devices, so we miss the cycle by our execution.
John Williams – UBS: So, just to be clear Rich, this was more of a legacy sort of lingering issue than something that’s come up in the last few months, this sound like an old issue that you’re still the only one…