Question-and-Answer Session
Operator
(Operator Instructions). And our first question comes from Ingrid Aja with Bank of America Merrill Lynch. Please go ahead.
Ingrid Aja - Merrill Lynch
Hi, good afternoon. I was wondering if you could delve into the break-even number a little bit more. You said it would get down to $125 million once all actions are completed. Where are you this quarter? And does it just gradually go down to there?
John Ingleman
Well, Ingrid, this is John Ingleman. Do you mean the quarter that we’re in or the quarter that we just exited?
Ingrid Aja - Merrill Lynch
The quarter that we’re in.
John Ingleman
Yes, well, we’re not going to see all of those. We won't see all of those actions taking this quarter, so you probably won't see that kind of break-even until we get into our fiscal third quarter or the fourth quarter.
Ingrid Aja - Merrill Lynch
Okay, great. So it’s going to be like a gradual decline reaching there?
John Ingleman
Well, certainly gradual over to this quarter I think that...
Ingrid Aja - Merrill Lynch
The next quarter.
John Ingleman
The next quarter it won't be quite as gradual and we’ll be getting there and we should be there clearly by the end of the fiscal year.
Ingrid Aja - Merrill Lynch
Okay, great, thanks. And then I just wanted to discuss the market share. Seagate indicated that TAM was down about 20% quarter-over-quarter, but your units were down more like 26%, so I was just wondering if you could give some more color on where that difference is falling from? Is that from the inventory reduction that you saw in your customers?
Kathleen Skarvan
Ingrid, this is Kathleen. Certainly we think that is the reason why our demand was down more than what you saw from a drive standpoint, and if you see Seagate as an example, again, I would like to (inaudible).
Ingrid Aja - Merrill Lynch
So what do the new choices look like now for your customers?
Kathleen Skarvan
I've got no other word. We don’t have a lot of visibility to that, really, I couldn’t say. I don’t think they are where they want them to be and I can maybe say it that way, but again, we have so little visibility.
Ingrid Aja - Merrill Lynch
Okay. And then I guess, the (inaudible), Seagate is looking for about a 10% decline. Is that within your expectations as well?
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