Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Craig Hettenbach - Goldman Sachs.
Craig Hettenbach - Goldman Sachs
Mohan, if I look at your October quarter results and January quarter outlook, especially stripping out some of the power discrete impact, it looks like you're doing a little better than the peers. I was hoping you could talk about some of the progress on new products and what else you think is contributing to that relative outperformance.
Mohan Maheswaran
I think it mostly is those new product platforms and some of the new markets that we're starting to see some traction in. I would say the advanced common sensing business is starting to we're starting to see traction in some new areas there, which is very helpful for us. There tends to be a little more stability in those markets.
I think the power management business, which, for us, has been a disappointment over the last few years in terms of execution, I think is really starting to do quite well now. As you know, we bought a new general manager in and I think we are starting to see the benefit of that. We're getting some very good products out and gaining traction there.
And I think just the breadth of markets that we participate in, the breadth of applications, the breadth of products we have gives us that opportunity. And then if we can continue to, as the power discrete fab comes back online here and really starts to get out material, our hope is the yields are good and the material that comes out is very good and therefore we'll see the opportunity to continue to grow that business.
Craig Hettenbach - Goldman Sachs
In addition to the challenges of a downturn here, are there any opportunities or things that you're looking to capitalize as we go kind of through a market downturn?
Mohan Maheswaran
Well, there's always opportunities, and one of the opportunities is customers in this type of market environment. There's two things they do. On the one hand they look for cost reduction opportunities and ways to kind of change their systems, but the other thing they look at is okay, how are they going to survive when this thing - on the other side of this. And they look for differentiated products and new opportunities with new platforms.
So we have a unique portfolio and we have a fairly unique value proposition in most of the products we would bring to our customers. And often the issue is, well, we don't want to try to do something too different. But now, in this type of environment, customers tend to look a bit differently and say, you know, maybe this is the time for us to try something different in bringing wireless technology and sensing technology together with power management technology, for example, is an opportunity.
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