Revenues dropped sharply in the current quarter as a result of continued weakness in carrier spending. However, even amidst this downturn we have continued to secure design wins, particularly for our upper-layer products. We believe that new products and new design wins are the most important actions we can take to begin the recovery process.
CEO Lou Tomasetta
Normally we do not comment on analyst reports. However, in recent weeks a number of analyst and media reports have contained errors and misunderstandings.
media errors
weakness design products actions process recovery begin important result
While we don't expect marked improvement in the December quarter, we now believe that demand should begin to slowly improve in calendar 2002.
improvement begin demand
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