Question-and-Answer Session
Operator
(Operator Instructions). We will take our first question from Carter Shoop with Deutsche Bank.
Carter Shoop - Deutsche Bank
Good afternoon. Wanted to first follow-up in regards to the definition of modest growth in each division. I personally think a modest growth being in kind of the mid to high single digit range on a year-over-year basis. Is that the way you guys think of modest -- or how should investors think about that commentary?
Ken Oshman
We think of modest as modest and we are not -- in this economic world, it’s hard to put a number on modest. But I would tell you that we think that our NES business will grow the most rapidly of our parts of our business. And the LonWorks infrastructure business will grow a little more slowly and actually we are projecting, because of what they need, we are projecting a slight contraction in our Enel revenues next year. But we do believe overall, we will have modest growth.
Carter Shoop - Deutsche Bank
That’s helpful. And would you expect the LWI business to remain in a similar type of growth rate that you are expecting for the full year of ?08?
Ken Oshman
We have in this economic environment, we just -- it’s just awfully hard at this moment for us to talk about growth rates, really talk about growth rates and compare them to this year for next year. And I think we’d just like to leave it at that.
Carter Shoop - Deutsche Bank
Fair enough. I’ll let another analyst to go after that one.
Ken Oshman
Thank you.
Carter Shoop - Deutsche Bank
When we think about profitability with Echelon here, at what revenue level are you guys hoping to approach profitability?
Ken Oshman
Carter, when I talk about profitability, I talk about it at the operating profit line.
Carter Shoop - Deutsche Bank
Okay.
Chris Stanfield
And I talk as you know on a non-GAAP basis. And I would expect its somewhere between 150 million and $160 million of total revenue as a company. We should be able to obtain a breakeven on a non-GAAP basis at that line.
Carter Shoop - Deutsche Bank
So for the mid point of December quarter guidance, that’s about 148 million, I’m looking for a 6 to 8% non-GAAP loss. Are there current restructuring programs you have in place to help you approach that profitability level?
- To read the full transcript on Seeking Alpha, click here »
