Question-and-Answer Session
Operator
(Operator instructions)
Your first question comes from Adam Benjamin from Jefferies & Co., please proceed.
Adam Benjamin - Jefferies & Co.
Just a couple of questions, first on Cisco, you have been talking for some time that you did not expect to see the organic business at Cisco to grow with those new product ramps until Q1 timeframe. You have given what you just reported in Q4, did that actually grow sequentially excluding the acquisition of the Cypress business?
Mike Tate
We are not going to specifically break up the Cypress transaction in Q4. We had three different moving parts, we have won the final move to the vendor manage inventory program, which was effectively worked down for about a week or so revenues, but then we did have the successful launch of two new programs for mainstream switching, which is with our NL8000 and then a Full Quarter of the Cypress, so all that combined contributed a very solid quarter for Cisco where they grew to represent 49% of our revenues.
Looking into Q1 now, we have a full quarter of the product launch with the NL8000 and also, the increasing volumes associated with that. So that gives us comfort that Cisco will continue to grow and what is great about the position right now is, we entered the year with the strongest pipeline of designs that we have ever had with Cisco and with that, we have a nice view of Cisco growing throughout ’08 as those products launch into production.
Also, what is nice about these designs is they are very diverse where we are getting exposure to a lot of new business units that we never serviced before and a lot of new end applications. So as our revenues grow with Cisco, our diversification within Cisco is also playing out.
I would just add to that also that the uptake from our Gen-4 products is both for Q4 and Q1, it was a little bit better than expected; it is a little bit larger and happening on time, so that was a pleasant surprise.
Adam Benjamin - Jefferies & Co.
On the non-Cisco business, I think, for the year was about 40% year-over-year growth.
You guys care to talk about what you think what is realistic. I mean you know have several new customers ramping, so it is not a year-over-year compare that topples, but can you talk about what you think, given what you are seeing right now and your design wins and the projective ramp of those wins?
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