Tom Sweet: Yes. And then, Tyler, I would — look, we historically do generate cash and Q4 tends to be a seasonally stronger quarter for us. Now, we’ll have to work our way through this quarter. But look, I’m confident in the long-term model in terms of cash generation. It’s — obviously, when we’re on a negative working capital or negative cash conversion cycle, when you get sequential revenue decline in the P&L, you’re going to use cash. And that’s what we’re seeing. But, team is managing its way through it. We’ve got work to do in inventory. Pleased with what we’re doing in receivables in terms of what that looks like in terms of the aging profile, collections, our ability to manage our way through it. So, it’s just one — we’re in a cycle where we’re just going to have to work our way through it. But long term, I believe the model is intact.
Operator: We’ll take our next question from Erik Woodring with Morgan Stanley. Please go ahead.
Erik Woodring: Maybe just if we unpack the fiscal fourth quarter, the January quarter guide for a bit. Would just love to know maybe if you could double click on — or elaborate on your comments on kind of pricing versus volume, whether we should think of both of those as a headwind or whether some of the richer configs helped to offset some of the discounting that you mentioned to allow pricing to still grow over a year. So, just really pricing versus volume comments for the January quarter.
Tom Sweet: Yes. Look, hey, as we think about the guide, right, so €˜23 to €˜24, €˜23, €˜25, obviously, at the midpoint of minus 16, we essentially say that we expect ISG to be roughly flat. That sort of implies that the client business or CSG is sort of in the negative — minus mid-20 sort of year-over-year growth. Look, as we work our way through whether units versus ASPs, I’m not going to get into a lot of detail, but I want you to think a little — if you think about margin dynamics in Q4 for a second, so you’ve got some seasonal dynamics that typically happen in our Q4. One, tends to be a stronger storage quarter for us given the corporate budget cycle, the calendar year corporate budget cycle that tends to be a positive in terms of margin dynamics.
The flip side of that is you get into the holiday season. Traditionally, that has been a bit stronger from a consumer PC perspective, which has put, as you might imagine, shifts the mix a little bit and puts some — a little bit of downward pressure on margin, coupled with — we highlighted the fact that we did see some incremental commercial PC discounting in Q3, particularly in the third month of the quarter. And obviously, we have — there are elevated inventory levels in the channel. So, we put it all together and quite frankly, we sort of think about margins from Q3 to Q4 at an aggregate level as being roughly flat. And then you couple that with the OpEx dynamic that I’m talking, we highlighted, that sort of gets the quite frankly, the P& L walk as you think about it.
Operator: We’ll take our next question from Steven Fox, Fox Advisors. Please go ahead.
