Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from the line of Richard Gardner with Citigroup.
Richard Gardner - Citigroup
Thank you. Antonio and Frank, I just wanted to ask about the IP negotiations with LG and Samsung. I was hoping you could give us an update on where we are in the process, how you expect this to unfold over the next weeks, several weeks and months, and I wanted to gauge your level of confidence that you will get the benefit that you hope to get from these negotiations during the fourth quarter. Thank you.
Antonio M. Perez
It’s hard for me to answer. We are not going to comment on a litigation that is ongoing, so I won't say anything about that.
I will talk about the process though. This is no different than any other year. I mean, you’ve been following us. You know that these things, they seem to -- they have a way of kind of settling at the end of the year -- not that we like it but that’s the way it goes and we are -- we are very confident about the strength of our portfolio. We invented the digital camera. We have a very deep, very strong portfolio in that space. We are very confident. We have already a large number of licensees and we want to get what is -- what our shareholders deserve, so we will continue to exercise our rights but I can't tell you more than that.
Richard Gardner - Citigroup
Okay, and just as a quick follow-up, Antonio, we’re at the end of October here but it still sounds like you are confident that you can get to the 250 to 350 range that you talked about back in February, is that correct?
Antonio M. Perez
Yeah, we haven’t change that.
Richard Gardner - Citigroup
Okay. All right, thank you.
Operator
Your next question comes from the line of Shannon Cross with Cross Research.
Shannon Cross - Cross Research
I wanted to go back to the revenue expectations for fourth quarter. Based on what it looks like here, you did about $9.4 billion of revenue in ’08, you are going into an 18%-ish year over year decline which would be about $7.7 billion, so clearly there is a substantial increase sequentially of about 50% from third quarter to fourth quarter, and 11% year-over-year growth rate for fourth quarter. So I guess -- I know you have talked about several different ways you were getting there -- can you maybe tell us in order of importance, any more color you can give us in terms of how you think the revenue is coming through, maybe talk about how the month has improved since the summer -- I don’t know. We’re just trying to get comfortable with the level of revenue because clearly it is above where people are expecting.
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