Aug 13, 2019 / 05:30PM GMT
John Nguyen Vinh - KeyBanc Capital Markets Inc., Research Division - Senior Research Analyst
Great. Good morning, everybody. My name is John Vinh. I'm the semi analyst here at KBCM. And we're pleased to be joined by Rafael Lizardi, CFO; and Dave Pahl, VP of Investor Relations from Texas Instruments. Welcome, guys.
Rafael R. Lizardi - Texas Instruments Incorporated - Senior VP of Finance & Operations, CFO and CAO
Yes, thank you. Great to be here.
Questions and Answers:
John Nguyen Vinh - KeyBanc Capital Markets Inc., Research Division - Senior Research AnalystSo I'm sure you don't get any sort of cycle questions, why don't we talk cycle, to start things off. You've been through many of these cycles before. And it's probably one of the best jobs I've seen you guys navigate through the volatility versus in some of the previous cycles. I think your gross margins are only 150 basis points off peak here. And I think you've highlighted multiple times many of the similarities of these past cycles in terms of