Question-and-Answer Session
Operator
Thank you, gentlemen. [Operator Instructions]. First up with Credit Suisse, we have Michael Mezbia.
Michael Mezbia – Credit Suisse
Yes, thanks a lot guys. I guess just to start off on a high level, compared to where you are in earnings call of last quarter and where you are now, has anything fundamentally changed in any material way?
Paul Coghlan
No, what we had last quarter was a strong quarter for products in the industrial area, as we told you. Industry is typically strong in the March quarter. The June quarter, we had good diversity in all of our end markets except industrial and then going into the summer quarter as always, for us the summer quarter is usually the slowest growth, so our fundamental business, the customers we have, the end products we designed into, the staff we’ve hired we think everything continues to be just in line with what we discussed.
Michael Mezbia – Credit Suisse
I guess the follow up question is what are the customer mentality? Because it looks like turns a tad higher but things haven’t changed but does that mean something changed in visibility or in their proportion or is there anything moving there?
Paul Coghlan
Well I think if you were to go back a year, you’d find we had pretty much the same introduction for this time, a year ago that turns business in the summers up a little bit. We talked about vacation periods in Europe. There’s also -– to some extent, that impacts the USA. So I think it’s a little difficult for us to tell whether it’s you know, there’s seasonality in our business. We don’t think there is a real fundamental change in the customer attitude. You know, most of our large customers you know, we know where they’re going, and there hasn’t been much of a change in their outlook.
Michael Mezbia – Credit Suisse
I guess, this is the last question -- we have all have been surprised before, there’s one area where you’re kind of looking to make sure you’re not surprised or that you fear there could be some surprises. Where would it be, if anywhere?
Paul Coghlan
You know, to be honest with you, I don’t think we would lose any sleep over anything coming in from Lafield and hitting us. You know we are in a very competitive business so you are always out there you know, everyday working in the marketplace but you have good customer control, I think in good interface with your customers.
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