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Examples
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Tenda's entire SMB router product line is based on Cavium's ECONA CNS3XXX SoC, Tenda has utilized all of the advanced technology from ECONA CNS3XXX to enable their products to support advanced features like Internet Access Management, Stateful firewall, IPsec VPN, SSL VPN, and
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Tenda's stringent ISO9001 manufacturing process has won approvals from many OEM customers worldwide.
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Total launches for the quarter was 1 billion reais with Gafisa representing 58%. 57% of the Gafisa's launches were for unit prices below 500,000 reais, while nearly 75% of Tenda's launches were for unit prices at/or below 130,000 reais.
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Total launches for the quarter was 1 billion reais with Gafisa representing 58%. 57% of the Gafisa's launches were for unit prices below 500,000 reais, while nearly 75% of Tenda's launches were for unit prices at/or below 130,000 reais.
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Today, Gafisa's mid/mid-high products accounted for 58% of pre-sales, while Tenda's affordable offerings represented 42% of pre-sales.
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We also exceeded our expectations for sales for the year and delivered solid operating margin expansion up from 14. 9% in 2008 to 17. 5% for 2009 without considering Tenda's goodwill and net of provisions, 50 basis points over 2009 guidance.
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On slide 12, you can see that we continue to book solid sales in both Gafisa and Tenda's segment.
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More important than is the expected synergies to be achieved in the coming quarter through shared back office functions, leveraging office infrastructure and accelerated implementation of systems such as SAP across Tenda's operations, which actually results in a better rate of SG
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Today, Gafisa's mid/mid-high products accounted for 58% of pre-sales, while Tenda's affordable offerings represented 42% of pre-sales.
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In fourth year of 2009, EBITDA for Tenda's goodwill and net of provisions reached 529.9 million reais, with 17. 5% margin or 50 basis points higher than the guidance for 2009.
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