Question-and-Answer Session
Operator
Thank you. (Operator Instructions)
Our first question comes from Anthony Stoss of CraigHallum.
Anthony Stoss – Craig-Hallum
Great job controlling expenses in the quarter. Maury, can you give us a sense of where you expect operating expenses to be perhaps for the March quarter? Kind of flat, up, down, anything would be helpful. And I have two follow-up questions.
Maury Austin
Up about 300 to 400K from Q2 actuals.
Anthony Stoss – Craig-Hallum
Up, did you say?
Maury Austin
Correct. We had a couple of adjustments during the quarter that gave us a bit of a tailwind that's not repeatable. For instance, our accounting fees have dropped significantly from fiscal 2009 over fiscal 2008. We were accruing at the 2008 rate. We were successful in lowering the estimate for the year, so we got a benefit of that in Q2 that is not going to be repeated in Q3, for instance.
Anthony Stoss – Craig-Hallum
You know that Chipidea for last time you gave us a burn for the quarter. Can you give us a sense of how much they burned in the quarter?
Maury Austin
Approximately $4 million.
Anthony Stoss – Craig-Hallum
Chipidea itself?
Maury Austin
Correct.
Anthony Stoss – Craig-Hallum
Okay. I will jump back in queue. Thanks.
Operator
Our next question comes from [Curt King] of [Harvest] Capital Strategies. Thank you, your line is open.
Curt King
There's been some speculation over the last few months that Chipidea could be a divestiture possibility. I want to get your thoughts on whether that was something that you would consider. If so, what's your confidence there will be buyers out there in this environment? And, if not, what would you say the opportunities might be instead to cut costs and reduce the cash burn?
John Bourgoin
Let me answer that. Our focus is getting the analog business back on a growth and cash flow track that we want. That's why we put local management in over there, and that's clearly our focus. Having said that, in a difficult time, though, is look at all options. I think we would be remiss if we were not doing that. We have a number of ideas for how to attack the cash burn rate problem over there. Some of them are related to getting revenues up. Some of them are related to doing some things with the organization to cut costs a little bit. But we're looking at everything.
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