Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Edward Snyder with Charter Equity Research.
Edward Snyder - Charter Equity Research
This is Ed. Ralph, a couple things here. First, how would you characterize your CDMA power module business? Are you seeing strength there or are we seeing weakness and how are ASPs?
And then secondly, we've seen a lot of growth here with the Koreans this last quarter, both LG and Samsung, and I know you play big into both of these actually in GSM. Are you seeing particular strength there? Is it localized to the end demand with those players or do you think you've gained share you can hold onto?
And finally -- jump you up here, I know that you've landed a big contract with a laptop OEM, how is the ramp on that look in terms of the next couple of quarters? When do you think you'll get to full production with that socket? Thanks.
Ralph Quinsey
So your first question was the question about CDMA or narrowband CDMA modules or wideband CDMA modules?
Edward Snyder - Charter Equity Research
Well, it's both actually, but I'm particularly interested in narrowband CDMA, given your customer distribution?
Ralph Quinsey
Yes, so narrowband CDMA was fairly flat sequentially. It's a good business for us. We've got the highly-integrated modules that combine duplexer power amplifier module and fairly flat sequentially. As far as Korea, we were very strong in GSM in Korea and had some focused high share in Korea in GSM that we think has mitigated back a little bit. As we get more uniform in our support of our customers, we think that that GSM share has dropped. I think you saw that in our numbers with GSM revenue coming down.
On top of that, we had the seasonality and the inventory adjustment impact, but I feel like we are well positioned in Korea across the board to be strong going forward, but there is some share shifting that we are experiencing. And then your last question on our laptop business, the easiest way to say that is the growth is going to be robust. I'm not specifically guiding on unique products and that's incorporated in our guidance. The two drivers for our guidance in Q2 are our wireless LAN opportunity and our new 3G modules for wideband CDMA.
Edward Snyder - Charter Equity Research
And then one final one, if I could. Accumulating cash, you guys are generating cash and it looks like, given your profits, you're going to do more of that, can you order for me the priorities or uses of those cash? You did an acquisition, M&A acquisitions like WJ, buying back converts, stock dividend, what's your thinking on this? And is there a target level that you feel very comfortable with above which you may start doing some of these different initiatives?
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