Question-and-Answer Session
Operator
(Operator Instructions) The first question comes from the line of Craig Hettenbach - Goldman Sachs.
Craig Hettenbach - Goldman Sachs
Mohan, Semtech hasn’t cut as deep as some of the other companies in the space. Can you just talk about some of the areas you are utilizing through this downturn to actually kind of try to build and what areas you see as we come out of this downturn you are able to invest in that some competitors may not?
Mohan Maheswaran
The main focus for us is still continuing to bring out new product platforms in our power management area. We also, as I mentioned on the call, acquired a new platform there. Our ACS platforms both on the communications side, the wireless sensing side, the industrial areas and industrial wireless and industrial sensing and the consumer analog products are all platform areas I believe will give us new SAN expansion for the company. I think it is really important for us in the next three years that we continue to drive that SAN expansion. In addition we continue to invest in new process development for our protection area and also for power management.
In a sense, our ability to maintain OpEx but keep the R&D machine of the company going I think is a critical part of this strategy.
Craig Hettenbach - Goldman Sachs
If I could touch on the stock buyback, you bought back a little stock. Most companies again in this environment have halted buybacks. Can you just give us a feel for your appetite of future buybacks versus potential M&A?
Emeka Chukwu
We currently have a program that has about $16 million left on that program and what we have said in the past is we will continue to fund our buyback with cash flow from operations. That is what we are going to continue to do. With regard to the second half of your question on acquisitions we are definitely very actively looking around to see what would make sense for the company but I don’t think we look at it as either/or. It is something we are doing at the same time.
Operator
The next question comes from Steven Smigie - Raymond James.
Steven Smigie - Raymond James
Looking at the advanced comm and sensing business I know you have a set of new timing products out there set up to perform fairly well as we have a roll out of base stations coming up and I was curious how that stands for LTE platforms? Are you going to get some 3G benefit from that over the coming quarters and year?
- To read the full transcript on Seeking Alpha, click here »
