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In this paper we quantify 3rd Generation Partnership Project (3GPP) Long Term Evolution (LTE) Release 8 downlink system performance for a macro cell hexagonal grid scenario. The system performance is analyzed for a closed loop Single User Multi-Input Multi Output (SU-MIMO) mode and compared with Single Input Multiple Output (SIMO) and Multi-User (MU) MIMO modes, for a full buffer scenario and static users. In addition to the full buffer scenario, traffic models are considered for SIMO mode to evaluate impact of partial loading and handover. Voice over Internet Protocol (VoIP) system performance is quantified for static users. Mobility simulations are performed for Video Telephony (VT) users and compared to the static case.