Question-and-Answer Session
Operator
(Operator Instructions) We’ll go to Craig Ellis from Citigroup.
Craig Ellis - Citigroup
Thanks. First, a clarification question, Steve; are there any incremental expenses associated with the deal that we should think about being in the SG&A part of the P&L for the current quarter?
Steve Sanghi
Any expenses of the deal are not -- they do not go into the P&L. Gordon, do you want to elaborate on that?
Gordon W. Parnell
Yeah, I mean, our deal costs are really the fees to the bankers who led this transaction and they will be below operating income in the other income category, Craig.
Craig Ellis - Citigroup
Okay, thanks for that and I’m hoping I can get a follow-up, just on the business update. With just three weeks to go in the quarter, Steve, I’m wondering if you can provide any further color on the quarter’s linearity and help us understand how the business might be tracking, relative to either the midpoint of guidance or the high or the low end of that 0% to 6% down 6% range.
Steve Sanghi
Well, the quarter has been reasonably linear. The December quarter usually is not as back-end loaded as some of the other quarters. Usually the March quarter is more back-end loaded because of the Chinese New Year and the September quarter usually gets back-end loaded because of holidays in Europe. The December quarter is not as much a back-end loaded quarter because actually there are holidays at the end of the year where you expect business to be not as robust because many people are off. So the quarter has really tracked very, very well to our expectations all quarter long.
We cannot narrow the guidance further, having just done the deal based on the guidance which was prevailing in the market. We’re just not able to provide you any narrow guidance, otherwise we would have done it in writing.
Craig Ellis - Citigroup
Okay, but the statement about expecting growth in the coming March quarter certainly shows your confidence that things have bottomed out for your business this cycle.
Steve Sanghi
That’s right. I think significant customers we track in the housing market really are showing signs of bottoming. The inventories have depleted. We are doing quite well in many other markets where we moved some of the energy and people in terms of focus because there was less available over this time in the housing market to take from, so by diversifying some of our effort in the other areas with a large number of new products we have introduced in the 8-bit and 16-bit and analog and other areas, a number of those are finally bringing fruit and the growth in those areas will be able to overcome any continuous weakness in the housing market.
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