We do not believe that September was the bottom, but December or March may be. We recognize that carrier capital spending is forecasted to decline, but given our discussions with customers regarding their plans for new product launches and continued inventory reductions, we believe that December or March can represent the low point of the industry downturn.

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When things change very rapidly we have a fiduciary responsibility to review what are the circumstances.

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We still cannot predict the bottom with utmost confidence, although cancellations of customer orders have declined significantly.

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