This excerpt taken from the IDTI 10-Q filed Feb 9, 2005.
Revenues (Q3 2005 compared to Q2 2005). Our revenues for Q3 2005 were sequentially lower by $1.0 million or 1.0%, despite units sold increasing by 6.2%. We experienced mixed results across our product lines and markets served, with the greatest strength in sales of timing products such as DIMM components and PC clocks going into computing applications. On the other hand, sales of SRAM products and certain communications products serving the enterprise networking and wireless infrastructure equipment markets remained weak, which we attribute to excess inventory conditions at some of our key customers.
Revenues for our Communications and Timing Products segment increased sequentially by $1.9 million or 2.4%, driven by a 9.7% increase in units sold, primarily related to strength in timing products noted above. ASPs, however, were down by 6.3%, primarily due to the mix of products sold. Revenues from the SRAM segment decreased sequentially by $2.9 million or 16.7%, as both units (down 11.8%) and ASPs (down 5.7%) declined.
During Q3 2005, we experienced a geographical shift in our business back to more closely align with the business over the past few years. The APAC region rebounded significantly during Q3 2005, as revenue increased by 14.6% sequentially and the region represented 38.0% of total revenue (up from 32.8% in Q2 2005). Most of this geographic shift also relates to strength in sales of timing products in Q3 2005.