Question-and-Answer Session
Operator
Ladies and gentleman, if you would like to ask a question, please press "star" followed by "one" on your touch tone telephone. If your question has been asked and you wish to withdraw your question press "star two". Please limit your questions to one question at a time and a follow up. Stand by for your first question.
First question comes from the line of Tayyib Shah with Longbow Research. Please proceed.
Tayyib Shah – Longbow Research
Hi guys. Can you talk about the Omnipixel two based 1.3 mega pixels and where is it in terms of the promotion ramp and is it a significant portion of revenue now?
Jess Lee
I'd say, this is Jess, I think you're referring to the 9660 we still have this product in its happening stages. It hasn't ramped production yet. When we do, you will hear it from us. But it's actually doing very well in the market place with a very high number of design widths we have.
Tayyib Shah – Longbow Research
And how quickly to you expect it to ramp? Should we think of it as in basing your current prototype by the end of the year? Your current 1.3 modem?
Jess Lee
I think by the end of the year you'll see a significant switch over of not just the current 1.3 customers to the 9660 but also a lot of upgrades. So by the end of the year is a safe assumption.
Tayyib Shah – Longbow Research
OK and question for Peter. What is the timeline for this year repurchase program? How quickly to you plan to implement $100 million that's been sent?
Peter V. Leigh
Well you know Tayyib, I think if you'd ask any of your clients what their specific plans were in the stock market they wouldn't answer and I have to take the same view.
Tayyib Shah – Longbow Research
OK fair enough. And finally you've seen a fair amount of ESPN margin pressure and you're competing from only these other IBMs. Have you looked at other possible business combination with other IBMs that would help you protect your margin?
Peter V. Leigh
I'm sorry to be so unresponsive but I don't think that's a question that would be appropriate for us to comment on. The longer term strategy of the company is always of course a question, but management is concerned about when we have something to talk about, we'll talk about it, but until then I think it's more appropriate for us not to comment.
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