Question-and-Answer Session
Operator
(Operator instructions) Our first question comes from the line of Ittai Kidron. Please state your company name followed by your question.
Ittai Kidron – Oppenheimer & Co.
Oppenheimer. Congratulation guys, great quarter and Dean, thanks for the pro forma information; it's very helpful. I only have around 15 questions for you Dean. Maybe, we can dig a little bit into the guidance you've been talking about, improving visibility or orders in CPG and in NPG, you’ve talked about your existing client with the exception of your large one growing very aggressively. If I just take your 14 week comment on your guidance, it implies, at a minimum of $237 million if I just kind of straight line it 7% down, correct me if I'm wrong. Is that the reference point I should think about or how good do you feel about your outside relative to your existing quarter adjusting to that extra week?
Dean Priddy
I think the bias would be up from what you just insinuated it to high. Very simplistically, the 14-week quarter you’d say you take 7% away on both revenue and EPS depending if there are 13-week comparison, but we said if you did that on earning per share, that would basically take you back to $0.12, but we said that we would grow earnings per share in the December quarter.
So, that insinuates, if you go through the math with flat growth – flattish gross margin that the December quarter would look a whole lot like the September quarter except we'll do in 13-weeks what it took us to do in 14-weeks in the September quarter.
Ittai Kidron – Oppenheimer & Co.
Okay. Good. Well, thanks for revising your guidance right here on the call. And now, one of your competitors have made what was interpreted to be a very concerning commentary about a large Korean supplier which I can assume that you know who, they’re talking about.
Can you give us any color on – it's clear that you are gaining share in most of your customers. So, it's very clear why you would continue to grow your revenue. With that said, are you seeing any of the big customers that you are supplying with having any inventory issues that you've seen impacting the overall demand?
Dean Priddy
Yes, I'll take the first stab at that Ittai then, maybe, Eric or Bob would like to chime in. I think the news that it's actually pretty old news of what you’re referring to. We are not going to name any customer. We understand that one of our competitors had an issue with one or more of their Korean customers.
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