Question-and-Answer Session
Operator
Thank you, sir. (Operator instructions) Our first question comes from the line of Sean Hannan with Needham & Company. Please go ahead.
Sean Hannan – Needham & Company
Yes, thank you. Good evening. First question, just in terms of the sequential decline that you are indicating for the December quarter, just is there a way to get a sense in terms of the order of magnitude of what we’re actually thinking in your forecast? Is this really kind of more in the 1% to 2% range, or we actually perhaps think it could be more severe in mid or higher single digits?
Wayne Fortun
Well, it’s probably, I would say, would be higher than the low-single digits. Let’s put it that way. All the pause that hearing here is really because there's so much we don’t know in terms of what is the ultimate build plan, sell-through, and so forth. We only have early indications and there is just so much afoot here that really we’d rather than everyone look at it conservatively. And so in the – probably the mid-to-upper single digits is a better place to be.
Sean Hannan – Needham & Company
Okay. And from an ASP standpoint, obviously pressures continue, you commented on that a little bit earlier. Perhaps – is there a way you can provide perhaps a little bit of color, maybe I had missed it, indications for at least how to think about that in terms of the December quarter and as we enter calendar 2009?
Kathleen Skarvan
No, we continue to see, as we said in our prepared comments, downward pressure. Some of the best indicators for ASP decline have been history. Other than that, it’s difficult for us to be more specific than that at this point.
Wayne Fortun
And just a reminder, the history would be about – if you look over a seven-year period, that was about 3% decline a year and this last year it was a little bit north of that. And so probably something in that blend is a reasonable consideration.
Sean Hannan – Needham & Company
That’s helpful. And then lastly if you could just ask – when you look at your balance sheet, the debt that you are holding, the converts specifically, they are due in 2010. Does it make sense at this point for you folks to consider even just buying this debt back or would there be any restrictions around there? Is there a way you can provide a little bit of color on some thoughts there?
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