Question-and-Answer Session
Operator
At this time we will open the floor for questions. (Operator Instructions) Our first question comes from the line of Kevin Wenck - Polynous Capital Management.
Kevin Wenck - Polynous Capital Management
Good afternoon Dan, thanks for the overview. Now that you have had some time as CEO and thought about longer-term financial models, given potential feature growth rates. What is a reasonable R&D level for the company for the percentage of sales at some point in the future?
Dan Artusi
Well, I can tell you that the current one is not acceptable and for this type of industry we are looking at a model that should be between 20% and 25% of our revenue for R&D.
Kevin Wenck - Polynous Capital Management
Okay. Does that imply any gross margin improvement along the way or you can have higher level of R&D? Or does that imply current levels of gross margins?
Dan Artusi
That implies that we are going to be focusing on the efficiency of our R&D builders. Most likely our gross margin will remain at the level they are today and the model is down point. Our focus is improving the efficiency of our R&D builders overall.
Kevin Wenck - Polynous Capital Management
Okay. We all know the seasonality in your business, but still sequentially we are talking about close to a 10% decline in revenues from December through March. Could you give us more color as to which areas of the business are affected the most and which areas of the business are affected less?
Dan Artusi
For this quarter, as I mentioned in my earlier remarks, the December quarter was particularly strong in the PC space and as you can see on the publications in recent dates that market is forecasted to go down. We expect that part of our business to be the one that is down compared to other parts of the business.
Kevin Wenck - Polynous Capital Management
Okay. Thank you.
Operator
(Operator Instructions) Our next question comes from the line of Blayne Curtis with Jefferies and Company. Please go ahead.
Blayne Curtis - Jefferies & Company
Thank you. I just want to go back to the OpEx level that you will be able to bring down more than your guidance and you guided down again. I know people tried this last quarter; it kind of gets them target operating margin levels. I’m wondering if I can
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