Question-and-Answer Session
Operator
Thank you. (Operator Instructions) And one moment please for the first question. Our first question comes from Tore Svanberg with Thomas Weisel Partners.
Tore Svanberg – Thomas Weisel Partners
Yes, thank you and good morning. First of all, could you talk a little bit about current dynamics, I think you mentioned you expect some stabilization here coming up in Q2, but basically you’ve seen so far this quarter have you seen maybe a pickup in orders?
Necip Sayiner
Hi, Tore, the short-term indicators on book-to-bill has shown some improvement over the last few weeks. So, we did see some strengthening in orders in the latter part of January. And as I mentioned, we do see significant contraction in inventory in the supply chain, which we think will reverse once the demand shows signs of stability and improvement.
Tore Svanberg – Thomas Weisel Partners
Okay very good. And on the Access business, would you expect to be down year-over-year in ’09. How much of a decline are we looking at year-end? Is it primarily because of the inventory correction of set-top boxes here in Q1 or is it more beyond that?
Necip Sayiner
Well, I think the year-over-year comparisons is tough for Access business since 2008 was a stellar year. I think, it’s primarily because of the weakness that we are going to see primarily in the first half due to macroeconomic conditions. What exacerbates this to some degree is some inventory with set-top box customers. In particular, our customer serving DirectTV are going through some product transition and going – in going through that transition they’ve built us some access inventory which we’ll take it further or slightly more to believe.
Tore Svanberg – Thomas Weisel Partners
Great, and then just finally a question on the balance sheet, obviously, you did a great job to lower inventories in Q4. How should we model inventories here in the March quarter?
William G. Bock
We are continuing Tore, to be very aggressive in our inventory management. So, I would suggest for the March quarter to expect inventories to be flat or even down sequentially again.
Tore Svanberg – Thomas Weisel Partners
Great. Thank you very much.
Operator
Thank you. The next question comes from Adam Benjamin with Jefferies
Adam Benjamin – Jefferies
Yeah guys. I’m curious to talk a little bit more detail about the broadcast business. If you look at that business, going forward, how do you expect your mix to shake out as you exit 2009, with some of the video business coming into the mix as well?
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