Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of Hans Mosesmann. Please proceed.
Hans Mosesmann – Raymond James
Thanks. Few questions. In terms of the guide, which is down around 45% sequentially at the midpoint, how much of that includes ASP erosion and what would that be if that is part of the guide?
Ray Cisneros
This is Ray Cisneros. And I think the – connecting it to ASPs, I think we don’t have that visibility to that granularity, but suffice it to say that the way to probably look at that question and the answer to that question is to look at the overall mix of products. And right now we are seeing consistent trends with the mix with strong growth in higher resolutions and the normal mix of the other products.
Hans Mosesmann – Raymond James
So what you are saying is, the mix is improving and that if that continues, it would be consistent with what you saw in the second quarter, right?
Ray Cisneros
I can say just the product mix is consistent at the moment.
Hans Mosesmann – Raymond James
Okay. And then a follow-up, in terms of inventory, can you comment on what the inventories may be in the channel or at customers or by geographical location, whatever you think is helpful you could comment on?
Ray Cisneros
Sure. Yes, we definitely – as we are all commenting here in our discussion, we are taking a very close look at our customers, at our markets, at our geographies. I could say the flavor of the market is people are being conservative, people are watching their own channels and inventories. And it’s sort of a slow progress of commitment. However, this is nothing new in this particular period we are in right now, I think, for all products. And in consumer electronics, in particular, this is sort of the stance customers are particularly trying to keep.
Hans Mosesmann – Raymond James
Okay. And then one last question and I’ll let others ask. You didn’t comment on wafer level camera type manufacturing. Can you give us an update of where the company may be in that area and when can we expect product introduction on that type of manufacturing? Thanks.
Bruce Weyer
Yes. Hans, this is Bruce Weyer. We certainly work very hard at keeping at the forefront of technology development. I think OmniBSI expresses that directly. We have not discussed any wafer level module developments publicly. We do continue to monitor the markets and would proceed at an appropriate time to discuss that.
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