About Us Doesn’t mean, we don’t dread for a fact. Lead times, especially in leading-edge processes have extended and are running at historical highs.Coupled with this, we have significant test capacity – repositioned significant test capacity in Malaysia, where we also have a central – centralized warehouse. And the good news is we have the cash and the liquidity to be able to do that. Our next question comes from Ross Seymore of Deutsche Bank. Because there seems to be a view out there that post-COVID-19, cloud customers are going to take a pause in the second-half of the year?Harlan, that’s an extremely good question. Following on, can you speak to how pricing has been progressing, you know, at Great Park? We believe because of product cycle delays, the trough for our fiscal year will be Q3 this coming quarter, and that’s what we reflected in our forecast, that’s reflected in our numbers in the way we are guiding Q3.Nothing has changed in terms of designs.
Overall, we’re going to continue to operate and plan for challenging conditions going forward, given the uncertain environment.Turning to capital allocation. We’ll take questions after the end of our prepared comments.Please refer to our press release today and our recent filings with the SEC for information on the specific risk factors that could cause our actual results to differ materially from the forward-looking statements made on this call.In addition to U.S. GAAP reporting, Broadcom reports certain financial measures on a non-GAAP basis. We also sell server storage components, server storage connectivity and we also sell some of these components into hard drives that goes into those nearline cloud datacenters. Thanks a lot, guys.
Your line is open.Hi, guys. In other words, the demand has not been seem to be perishable.Thank you. A reconciliation between GAAP and non-GAAP measures is included in the tables attached to today's press release. We're seeing it right now with people taking the risk.But, if anything, the type of entertainment elements that we include in our communities is going to become even more of a demand. So I’m assuming you’re talking just cellular, and that’s just some portion of the mix. Demand was healthy as we began to ramp our next-generation Tomahawk 3 and Trident 3 switch products at our various cloud customers, and in network routing, Jericho 2 at our telco customers. Even as we expect resales in Q3 to be flat, given the current market uncertainty arising from the current -- the COVID-19 pandemic, we are aggressively moving to bring down channel inventory globally, especially in Europe and Japan. Until the visibility of the road ahead is clearer, we will keep one foot on the accelerator and one foot on the break. Our next question comes from Blayne Curtis of Barclays. Returns as of 08/14/2020. If you recall, that's how we repurchased the campus from Broadcom. So that's the demand picture.Now on the supply chain side, we have experienced and continue to do so, some challenges, some of which are unique to us. Now, more than ever, our customers and communities are counting on us to continue to deliver the essential technologies that enable the continuity of functions critical to daily life.So now let me turn to our second quarter results and our outlook for the third quarter. The reality is what we see is content’s up, as Hock talked about, 40%. And then also, if you could tell us what sort of percentage of revenues are impacted by the extended lead times? In terms of the future, what we have right now, approvals for here is we have an ability to build, and we can adjust the uses.We can build about 200,000 square feet of office, or we can build about 100,000 square feet of medical. Your line is open.Yeah. In the past years, seasonally, the business seasonal and the trough of every fiscal year has been Q2. barrons.com June 2, 2020; Broadcom Inc. (AVGO) Tops Q1 Earnings Estimates nasdaq.com March 13, 2020; Broadcom Earnings Miss, AVGO Stock Falls Late investors.com March 13, 2020; … And you couple that with a -- we're two and a half months away from what appears to be a very polarized election. And it’s evidence in the sense that, as I say, we are able to expand and grow our bookings by focusing on the largest enterprises, who buy – which buy a lot of this software out there in the world.And as I indicated in my prepared remarks, we have been successful in selling more capacity, more adjacent products to these large enterprises, which have enabled us to book and to expand bookings in these core accounts over 20% annually over the past 18 months, and so that to us has been a great success.We’re trying to do the same with Symantec, same playbook, the same focus on the core customers which happens to be a very similar set of core customers. And you're probably going to see this continue, you know, even in the Valencia because when we develop 10, 15 different product lines. Is it constraints from labor or anything else? Motley Fool Transcribing (MFTranscribing) Aug … We have not started selling homes yet in Valencia.And next will be Michael Rehaut with JP Morgan. So we do not have clear sense on how much inventory are being accumulated, if any.Thank you. So how do you handicap the demand strength?Is sell-through sufficient to support the orders or are we maybe routing them [Phonetic] in future quarters given that the customers know that there is some supply constraints and maybe routing from the end of the year into 2021?
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