Question-and-Answer Session
Operator
Thank you. Ladies and gentlemen, we will now conduct the question and answer session. (Operator instructions) Your first question comes from Amit Daryanani from RBC Capital Market. Please go ahead.
Amit Daryanani – RBC Capital Markets
Thanks. Good afternoon, guys. Just a question, I guess looking into your guidance policy, talking about your expecting call could be down a little sequentially and the other segments to be flat and (inaudible) the consumer report – why do you expect that to be flat, although some consumer ramp, they were offset and market softness, even the core market is to be flat as well.
Paul Nicoletti
Amit, so just to clarify your question. Are you asking as to why we expect the consumer to be relative flat? Is that your question?
Amit Daryanani – RBC Capital Markets
Yes.
Paul Nicoletti
Generally, you note the composition of our consumer business, Amit, you see some customers to – the peak really happened in Q3 and as Q4 unfold particularly, that is where the middle of November, the channels are full and revenue falls off for the quarter, so just giving the mix of what we have. We generally think consumer overall will be flat, so some customer and consumers will be down from Q3 levels, other customers will be up, overall relatively flat.
Amit Daryanani – RBC Capital Markets
This is – I cannot see any incremental (inaudible) are signs of – essentially that business potential being down sequentially in December somewhere on that figure?
Paul Nicoletti
Well, I mean, as you see, we widen our range this quarter and we think we are being prudent to state the obvious. The visibility is relatively low, I think more than usual. I think, of note, particularly some of our consumer or customers, I think, the question mark will be more in the first quarter one as essentially the channels are being full – being filled and if there are sales issues, I think that would reflect itself more in the first quarter. So, overall, as I’ve said, we have given a pretty wide range, and we think we have captured the volatility that we are seeing right now.
Amit Daryanani – RBC Capital Markets
Got it, and my followup would be, you guys have done a really good job on cash and ratio, I think, both you and Craig talked about debt how well if that is going? With $500 million in net cash at this point and given by your stock is rating, can you just talk about how do you look at all the net cash you have fit in to the debt buyback or share repurchase, or issue a dividend yield potentially.
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