Question-and-Answer Session
Operator
(Operator instructions) And our first question will come from Tore Svanberg – Thomas Weisel Partners.
Tore Svanberg – Thomas Weisel Partners
Yes, thank you, good morning. Just a few questions, first of all, Paul you mentioned that you have a seen a modest improvement in industrial -- in June and July, I was just hoping if you can elaborate a little bit on that is it broad-based, is it because distributors are just running to lower inventory, if you could add some color I would appreciate it?
Paul Coghlan
Well I think where we saw the pickup was in distribution, which for several quarters now has been going backwards. So, it was encouraging to see some improvement there in the month of June and in July. And it is broad-based, I believe within distribution. I don't think they are altering their inventory patterns. I think it is just reflective of demand that they have on them, as their book to bill ratio also is picking up in these months.
Tore Svanberg – Thomas Weisel Partners
Great, and you mentioned you anticipate to continue the weekly shutdowns this quarter, yet you are now starting to see improvement in almost all your businesses, so I'm just trying to understand where that is coming from, is it just being cautious, just because of the economy or do you think the uptick that we have seen so far is just going to continue to be very moderate?
Paul Coghlan
Well just four quarters ago Tore we had revenue of $310 million, and our factories were running at that rate or little higher, to make sure we had adequate inventory to grow. Since then, as you know the revenues have dropped pretty significantly.
Now, we have done some things to address that, we have had some minor reductions in workforce, but we have used factory shutdowns, particularly in our fab areas to make sure that we are not building too much inventory and that we are utilizing the die bank we had built.
So, I think, we will need to continue that being shut down, but I also think, we can have the shutdowns and continue to grow our revenues for several quarters.
Tore Svanberg – Thomas Weisel Partners
Very good, thanks, great quarter.
Paul Coghlan
Thank you.
Operator
Our next question will come from Uche Orji with UBS.
Uche Orji – UBS
Thank you very much. Paul when you talk about the turns business required being very high, anyhow you can quantify that for us in terms of what percentage of turns business you will need this quarter and relative to previous levels?
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