Question-and-Answer Session
Operator
(Operator Instructions) Our first question is from Jay Srivatsa with Roth Capital Partners. Please go ahead.
Jay Srivatsa - Roth Capital Partners
Yes. Thanks for taking my question. In terms of the outlook, typically the June quarter tends to be pretty strong for you.
I'm a little surprised that you're guiding to roughly a flat quarter. Maybe you can share with us specifically what aspect remains weak, especially when you refer to the older products.
Mike Hackworth
Thurman, do you want to take a shot at answering that?
Thurman Case
Well, there's two ways to answer that. One, our Q4 results were better than normal so part of that was getting actually performing better in the Q4 so we are not seeing the difference between the Q4 numbers and the Q1 numbers.
We believe that we're continuing to stay pretty strong in the industrial business and we think that our mixed signal business, although we are ramping up and preparing for the Christmas season is also, we're putting up pretty good quarter there.
We've got, the weakness is partially due to some of the older products which are really losing some of the demand that we've had for that, and as we're moving into new products and a new growth area for us later in the year.
We're seeing some of that transition which is translating to a little bit less visibility for us this quarter, and is resulting in us being somewhat cautious on how we are looking at our revenue profile.
Jay Srivatsa - Roth Capital Partners
Okay. Maybe I'll ask it a little differently, in the mixed signal side, I think your revenues is down by almost $10 million sequentially, was this specific to any geography, or is across the board drop in demand for those products or maybe you can elaborate on that?
Thurman Case
I'm not sure how we track to that particular number, but maybe this is a follow-up question that we should pursue later? We have that data available to us at this moment?
Jay Srivatsa - Roth Capital Partners
Okay. Well, let me ask maybe another question related to the CEO search, can you give us an update on where things are?
Thurman Case
Yes, we’ve have the board has been actively doing the search activity, agreeing on the criteria and such, we've engaged a number of people, senior people in the Austin area, we've engaged a number of candidates outside the Austin area, and we're also engaged with internal candidates within the company.
| TRANSCRIPT SPONSOR |
- To read the full transcript on Seeking Alpha, click here »
