Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Todd Koffman - Raymond James.
Todd Koffman - Raymond James
Dan, can you just clarify what you said in your opening remarks about demand, I think I heard you say, you expect demand to bottom in the first half of your current fiscal year and then I think I heard you say you expect your second half of the current fiscal year to be greater than the first half, and so is that suggesting that you haven’t yet seen the bottom, thank you.
Dan Mondor
Well what we said in our comments is that we expect an overall bottoming in the first half, in addition, we are indeed seeing signs of the business firming up in our second quarter. It’s too early to call relative to timing, but there is some encouraging signs we see in the second quarter and our belief relative to firming is that that will continue going forward as I mentioned the utilization levels are certainly there, so we expect to see that kind of improvement going forward.
Todd Koffman - Raymond James
Did you say you expect the second half of your fiscal year to be greater than your first half of your fiscal year?
Dan Mondor
Yes.
Todd Koffman - Raymond James
Just one last follow up on this, with the Video-on-Demand segment now at about, I think you said $5 million in revenue, and I think this is sort of a relative new sort of low level of investment in this area for quite some time, can you give a broader view of what the customers are saying and doing now that your legacy your long time video on demand equipment is at such a low level?
Dan Mondor
Thanks Todd, 5.4 for video on the first quarter, so we are not going to comment directly on our customers business, however, what we have seen is as I mentioned a slowing down of orders and the scrutinizing in the areas of storage and screening.
There is in there we believe utilization of existing capacity if you will, just in time inventory management, so in other words, requirements for our products coming in if you will, just at the point they are needed as opposed to building network infrastructure on a prior basis, and then the other thing that we see is that our MediaHawk are principal bought product, scales the streams and the storage and the in-just so the customers can purchase these independently.
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