Question-and-Answer Session
Operator
Thank you. (Operator Instructions) Our first question comes from the line of Brian White with Collins Stewart. Please go ahead.
Brian White - Collins Stewart
Hi, Jeffrey, Will and Frank. I have got a question regarding the subsidy program in China. I think it's had a pretty significant impact on the LCD TV market, especially around the Chinese New Year and I am just curious of the impacts that you have seen on handsets and maybe any other pieces of your business?
Will Davis
Thanks, Brian, yeah on the subsidy front, we view that is definitely nice positive for us particularly given the fact that a lot of the subsidies are focused on rural areas which we believe have higher concentration of ship market share for the domestic handset vendor. So from that vantage point we view it very favorably and to our understanding that there is not a time limit on this subsidy change. So it looks to be indefinite at this point as means of stimulating demand. So from that standpoint some, we are pretty positive about it.
Brian White - Collins Stewart
And in terms of 2009 sounds like you expect all your markets to grow in 2009, I am just curious if you could dig a little deeper into what market do you think will grow faster and what will grow a little slower?
Will Davis
Amongst to our four markets handsets, telecom, digital media and industrial. We are looking at the industrial segment growing significantly faster than the others. In the first quarter of 2008 that revenue was about $400,000 and this obviously ramps pretty aggressively since then and we expected to continue to ramp nicely into 2009. So that's going to be far in a way our fastest grower. The other three segments are going to be much slower growth although we do expect organic growth in handsets, telecom and digital media.
So as a percentage of total sales industrial should continue to ramp as a percentages we go through 2009. And as we have indicated that has positive gross margin benefits because typically the industrial segment vertical has higher than average corporate gross margin.
Brian White - Collins Stewart
Okay just finally if we look into the March quarter here obviously a seasonal time especially for consumer and handsets. If you could give us some type of color on what type of decline we can expect for those markets sequentially in the March quarter just some type of range?
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