Question-and-Answer Session
Operator
(Operator Instructions)
Your first question comes from the line of Aaron Rakers – Wachovia Capital Markets
Aaron Rakers – Wachovia
First in terms of the guidance, you talked a little bit about visibility as well as linearity through the quarter, but now we’re talking about some slowing that you’re seeing despite the product cycle. I guess I’m just curious of what you’re seeing in terms of the pipeline and specifically around the mid-range or the switch business that’s causing you to be a bit more cautious. Was there something at the end of the quarter that happened in terms of the macroeconomic that you’re seeing pressure?
Mike Klayko
Visibility standpoint, we’ve got great visibility in the Directors, in the enterprise space. We track all those transactions. The mid-range space as you know, goes through our OEMs, makes it a little more challenging to take a look. However you know, it was fairly widely known also that we had a whole product refresh coming out and so we also factor that in so we’ve got a brand new set of products also coming into the marketplace.
Aaron Rakers – Wachovia Capital Markets
So you did see a pause with regard to your switch business at the end of the quarter ahead of that cycle.
Mike Klayko
No I didn’t say that. We didn’t see a pause, actually what I was making mention is, I was more making a reference on the go-forward basis.
Aaron Rakers – Wachovia Capital Markets
And in then in terms of going forward, are we reiterating the full-year guidance that you’ve already laid out for fiscal ’08?
Mike Klayko
Actually what we’ve done is, seeing past Q3 right now is a little more challenging then you can imagine. It’s tough for a lot of the companies in the marketplace including us. So we have visibility in Q3. Q4 just from a standard operating model I think we’re typically up 6% to 8% Q4 over Q3 and we’re doing our planning.
Aaron Rakers – Wachovia Capital Markets
You’re talking a bit more about the HBA opportunity, it would be helpful if we could wrap some color around what you mean by significant or meaningful HBA revenue looking into the fiscal ’09 and I’m assuming when you’re talking about Tier 1 OEMs you’re talking about a Tier 1 server platform that you expect to win or announce over the next quarter or so?
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