Question-and-Answer Session
Operator
(Operator Instructions). And our first question comes from the line of Vivek Arya, please proceed with Bank of America.
Vivek Arya - Bank of America/Merrill Lynch
Thank you. Couple of questions. First is Ash how is your visibility in winning new Tier 1 contracts and especially if you could give us some frame of reference how is the visibility say versus three months ago?
Ashraf Dahod
Essentially, as you mentioned three months ago I'll say at the beginning of the year, I mean we have clearly seen an increased activity in terms of RFP and really on the lines -- the various stages and as you mentioned earlier that we do expect some decisions to be made before the end of this year.
Vivek Arya - Bank of America/Merrill Lynch
So is it fair to assume that at least for this year's guidance you don't expect any Tier 1 wins and if they were to occur they would really benefit 2010 projections?
Ashraf Dahod
I think in our planning we always assume that any Tier 1 wins we have in any particular year then it does not mean any significant revenues in the year and as revenue is reflected in the following years.
Vivek Arya - Bank of America/Merrill Lynch
All right. Next, what is your sense of readiness of this LTEE co-system in terms of handsets and devices, I know your products may be ready but if let's say a particular large carrier were to push out LTE because the handsets or the devices aren't ready is that a positive or a negative for you?
Ashraf Dahod
I think LTE is in a variety of devices besides handsets and it will be also netbook, we've have data cards for PC, and it will be there the initial focus and grow via netbooks and as portable computers which I just -- but at sometimes as you know that all of the Tier 1 carriers who were pushing LTE are looking very closely at and tech providers that do expect their handsets have learnt already to launch to LTE.
Vivek Arya - Bank of America/Merrill Lynch
All right. And just the last question can you give us the contribution from Verizon this quarter or basically your top five customers and how you see that trend in the second half of the year? Thank you.
Paul Milbury
In the second quarter we had two 10% customers that together made up about 85% of our revenue. That's as much detail as I can give you on the specifics for the second quarter. For the first half of 2009 we had one customer that was greater than 10% and they represented approximately 74% of our first half revenue.
- To read the full transcript on Seeking Alpha, click here »
