Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Blake Harper - Signal Hill.
Blake Harper - Signal Hill
I just wanted to ask you after some of the moves that you made and I’m looking at the markets that you have going forward, I know you addressed some in your comments, but could you just talk maybe about how you feel about the landscape of what you have going forward and how comfortable you are and when we can expect to see any other changes that could be on the horizon?
Christian Scherp
As we talked about, we are driving our Broadband Access business and our IPM business product lines forward and we are very excited about the opportunities that we see in our audio, video and imaging product lines and of course as well in our modem product lines where we are a market leader, as you all know.
Additionally, we are a market leader or one of the market leaders depending a little bit on the segment in the Broadband Access space and we see exciting growth opportunities here also in several of the segments and these are the segments we’re going to focus on initially.
Operator
Your next question comes from Eric Reubel - MTR Securities.
Eric Reubel - MTR Securities
Karen, could I ask you to frame our expectations around where gross margin could go for the restructured company and what we could expect for a range for core operating expenses?
Karen Roscher
Eric, we will be, as we mentioned in the prepared comments, coming out with those target models here in the very near future. We’re not prepared to discuss those today, but stay tuned because we will be coming out with those well before, by the way, our next earnings call.
Eric Reubel - MTR Securities
Karen, you also mentioned that all of the proceeds from the expected transaction will go towards debt reduction or a majority of those, I think is how you characterized it. As you look out as you consolidate around the Access business, are there acquisitions that you feel you may need to do or if you could talk a little bit about how you feel about the Access product segment?
D. Scott Mercer
I think that clearly look for us to be adding to our product portfolio with some judicious investments and probably around not major companies, but looking at teams and product sets perhaps from other companies that augment our existing product lines, so certainly.
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