00:00The second thing we are also seeing with this cycle is very strong free cash flow generation.
00:04I mean, at this point, Micron can pretty much afford to buy 10% of its stock every year with
00:09the cash that it is generating.
00:10So we do think it is different this time.
00:12In terms of what we saw last night, I think the results were very strong.
00:18I mean, they were, you know, probably a little bit stronger than some of the investor expectations.
00:22But the new thing that Micron revealed is agreements with 16 different customers that provided with supply with pricing and
00:31unit visibility for a number of years out.
00:33So I think it's a durability of the cycle that I think is different this time.
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