Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of John Vinh. Please proceed sir.
John Vinh - Collins Stewart
Hi. Good morning and congratulations on the better expected results. First question if you Carl, is this, can you clarify what you said about the tax rate for 2009?
Carl Wertz
Yeah, basically for the tax rate of '09 we estimate to be about negative 10% overall which is actually not a credit, so it'll be an additional expense added to our EBIT number.
John Vinh - Collins Stewart
Okay. And then second question I had was on China, can you help me understand roughly what percent of your kind of end market demand comes from domestic China and then what do you think is the incremental impact to revenues from the China Stimulus package on top that?
Keh-Shew Lu, Ph.D.
Well, I'm talking about (ph) our Asia revenue in 1Q is 74% of our total revenue. Okay, now although that if you look at it majority will coming from China because all the OEM company is in China now that direct is only in China. So other than Korea is big market for us and Taiwan is another one but as if majority of more than half of the revenue is coming from China market, if you see China market, if I (ph) go to China because for example you may go to the OEM, may go to the airport go to the grim go to somewhere else, but for such is the China market.
Now, you took that estimated the stimulus package initiated by China, which is one of the reason our revenue actually much better than expected or our previous guidance. In addition to our market share gain, okay, than another major reason is China's stimulus package. The reason we are doing good in that area is year-ago we want to see this coming, so we -- so working with the China local manufacturing in the -- like a cell phone, like netbook, like -- those so we see gage we walk in with the channel manufacturing. So this time have been the stimulus package initiate by China government, really the sale is coming from those companies. And China local manufacturing company. And so we got benefit from there.
And again that's why start from February, our bit rate start to pick it up and in March, even higher.
- To read the full transcript on Seeking Alpha, click here »
