Question-and-Answer Session
Operator
(Operator Instructions). The first question is from Ananda Baruah from Banc of America.
Ananda Baruah - Banc of America
Hi, guys, thanks for taking the questions. I guess, the first one is around revenue growth and sort of you could talk about what the softness that you alluded to or spoke about on the call second half of the quarter, really what it was around and how incremental was it towards you are seeing before I guess, you know, your guidance in place like Bob said 4% year-over-year growth, but, I guess by our calculate five years was it lower than that on organic basis which kind of put you in between, what your key major competitors in the US is spoken about recently. So, could you just talk about some of the dynamics that you saw during the quarter and where do you think the market really is in terms of growth in US right now?
Robert T. Huang
All right, Ananda this is Bob. I mentioned earlier it’s softer in the second half of the quarter, and we haven’t seen it’s picking up yet, and that’s reflect in our forecast, in our guidance. The reason being anything specific in at, you know, particular sector I think this is to some degree I mentioned earlier or more on the SMB and also there is substitutes (inaudible) as well. I think we just need to be cautious in this particular quarter.
Ananda Baruah - Banc of America
And you reaffirm your 15% EPS growth target for 2008, can you give us a sense of does that imply, does that imbed normal seasonality for the second half of the year and I guess, so the question is you know, you need to see growth better in the second half of the year than you are guiding to for the second quarter to be able to hit that EPS target?
Robert T. Huang
That’s correct. If you look at what we did at last quarter and we’ve got in for this quarter, the 15% is you know, is another uneasy task, I mist say in this environment, even the seasonality particularly with the reasons we have in the retailers side, which is very strong in the fourth quarter, I think, these numbers the 15% is more durable for us.
Ananda Baruah - Banc of America
Okay, and then just one last one if I could. I just wanted to confirm the comments that you made about New Age a moment ago, I don’t know if that is an intention to give guidance, it sounded like you were saying, once you get New Age kind of integrated already you think you can, it actually be quite a creative to your 2008 EPS and I just wanted a clarification around this comment?
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