New order activity has remained weak throughout the quarter and our overall backlog has declined. The magnitude of this downturn is greater than we, or our customers anticipated, and the progress in reducing excess inventory in the channel appears to be slower than they originally thought.

We're expanding our total available markets dramatically and we're now able to offer customers at the high end of the network all the chips that they need to be able to put together a system from fiber-optic cable connecting into a router or a switch.

Current business conditions continue to be very poor.

In order to reduce the cost of high-speed semiconductor test, manufacturers need a single set of tools that can be used to debug next-generation designs, characterize finished design performance parameters, and cost-effectively support high-volume manufacturing test. Our 6.4-Gbps solutions portfolio is the only offering on the market today tailored to deliver this capability with an optimal price and performance combination.

We recently had a big order from Sweden.

I really had to plan my mornings out in order to make the commute. It was a lot more complicated than taking a 10-minute walk from Ackerman Avenue to the Quad (at SU).