Integrated Device Technology, Inc. F4Q09 (Qtr End 03/31/09) Earnings Call Transcript

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2009-04-30 17:05:33.0

Tags: Call Transcript, Earnings, Citigroup Inc., Operational Accounting, 3G, PCI, Wireless And Mobility, Finance, Cellular Phones, Consumer Electronics, Personal Technology, Storage, Hardware, Seeking Alpha, Integrated Device Technology

Question-and-Answer Session

Operator

(Operator instructions) And our first question comes from Glen Yeung with Citi.

Glen Yeung – Citi

Thanks, can you guys give us a sense of what the revenues you're giving up in the search engine or maybe give us a feel for what fiscal 2009 revenues were for the business of perhaps what it was in the quarter?

Rick Crowley

Hi Glenn. This is Rick. I think in the near term looking at about a $10 million a quarter type of revenue decline.

Glen Yeung – Citi

Okay, all right. That is good to know. That is helpful. So then Tundra is running at about 12 million US a quarter, it sounds like, is that approximately right?

Ted Tewksbury

That is about right.

Rick Crowley

Yes.

Glen Yeung – Citi

Okay. The other thing I wanted to ask you about was thinking about the 3G wireless business and I think I heard you say that you expect that to be flat in calendar Q2, any sense from you, what you think it might be in calendar Q3, and the reason I ask is, there is some talk that it is going down in that quarter, I just want to get your sense of what you think it might be?

Ted Tewksbury

Glen, you know we don't look at that far. We don't – well we look at that far, but we can't guide that far.

Glen Yeung – Citi

Okay, all right. And then the last thing I wanted to ask you is just again your sense of this idea of inventory restocking as supposed to continued de-stocking in the second quarter, and I think you made the point on PC that you still think there is de-stocking going on, but anywhere you get a sense that you're actually building, not you, but the channel is building inventories in Q2?

Rick Crowley

Glen, it is Rick. As I said in the prepared remarks, it is difficult at this point to distinguish between real end compensation and changes in inventory. But we believe from our standpoint that the – for our process strictly in the PC market, we don't see it as restocking, we still see it as a channel trying to bring their inventories down at least for the June quarter.

Glen Yeung – Citi

Okay. Actually one last quick one for me, you talked about still winning a lot in PCI Express, give us a sense as to what proportion you think you're winning, and if you think you're winning at a greater or lesser rate i.e. in terms of market share?

 

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