Question-and-Answer Session
Operator
Thank you. (Operator instructions). We'll go first to John Harmon, Needham & Company.
John Harmon - Needham & Company
Hi. Good afternoon.
Giovanni Barbarossa
Hi, John.
John Harmon - Needham & Company
A couple of questions, please. First of all, did you complete all the restructuring in the fiscal first quarter that you intended to do or is there more restructuring to be done in the second quarter and more charges?
Giovanni Barbarossa
John, thanks for your question. We did complete the shutdown of our site in Florida. We also executed in a number of other actions in terms of our cost reduction efforts. As the quarter evolves we will keep monitoring the situation. As you know, the market environment is pretty uncertain and we'll have to address this question at a later time, so for the time being, we have executed all of the action that ended up with the saving of the between $8 million and $10 million per year, so that's all completed.
John Harmon - Needham & Company
Thank you. As you said, you have little visibility. I realize visibility is challenged, but I was wondering if you have any indication of how the March '09 quarter could turn out?
Giovanni Barbarossa
March '09. Well, we don't really have visibility, so I'm sure you understand. The first quarter, some customers, such as Nortel and Alcatel-Lucent actually increased their revenue with us. So we increased market share with those customers, with other customers we didn't. So it's really -- the visibility is very poor now. So over the past couple of weeks I've been on the phone with virtually all of our customers really talking to them directly and they really don't see what's going to happen in the future quarters. So that's why the revenue guidance we gave is something we feel comfortable with, but beyond one quarter would be very difficult for us at this point to understand what's going to happen in the first quarter -- the first calendar quarter of next year.
John Harmon - Needham & Company
Thank you. Could you say what types of products or what product categories you think you gained market share during the quarter?
Giovanni Barbarossa
Well, so couple of areas. For sure, in the amplifier application group, we believe we increased the market share. Also, we had in the -- what we call the subsystem groups in general between both Nortel and Alcatel I think we did a pretty good job there. And also we saw an increase in terms of interest and also really ramping up revenue from that perspective, it's really our tunable dispersion compensation products. We talked about the design win with a tier one OEM customer in Asia, which is seeing slight traffic as we speak in a major network in Asia. We're really excited about it. It's really the key differentiation for our product lines and it's something we are, investing to ramp up production because it's going to be one of those products that we're really counting on in the future.
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