Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Stephen Ferranti - Stephens Inc.
Stephen Ferranti - Stephens Inc.
I felt the quarter was particularly noteworthy given that two of your biggest customers continued to seek challenges last quarter. How do you factor that into your guidance as you look ahead into the fourth quarter?
David Aldrich
I believe that given the diversification we have among our customer set we are starting to see increasingly over time when we see shifts among the OEMs it doesn’t impact the way it once did. It doesn’t impact us the way it once did and so that stability has been entered into our business and so we’re a little bit less impacted by share shifts. Having said that, we’ve used a similar approach as we have for the last several quarters in creating our guidance in a prudent way, Don?
Donald Palette
Yes, that’s correct, that’s the approach.
Stephen Ferranti - Stephens Inc.
Are you seeing any signs of up tick at those particular customers? I guess I’m most interested in what you’re seeing at Sony Ericsson these days.
Liam Griffin
Yes, actually what we’re seeing is a pretty balanced attack right now. We are gaining share primarily in new multi mode designs and our position there is expanding there quite well. I wouldn’t put it on one specific account. I think our attack is quite balanced now among each of the top five and we’re growing in every one of those.
Operator
Your next question comes from Ittai Kidron - Oppenheimer.
Ittai Kidron – Oppenheimer
Don with regards to the interest income this quarter, it is the third quarter in a row where it is declining while your cash balance is growing quite nicely, so it is counter intuitive to me. Could you explain that and also your interest expense guidance of $300, is that net on a net basis interest income minus expenses?
David Aldrich
Yes well onto the second one first, that’s net; when I gave that guidance, that’s interest income minus interest expense, so the guidance is an expense for Q4. The question on our overall return, what you’re seeing is that with what’s going on in the financial markets, the instruments that we have our cash in, the returns on that interest has been dropping over the past several quarters and that’s exactly what you’re seeing with the interest dropping.
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