Cisco management indicated that it believed that there would be little to no market for its excess inventory in secondary market because there is already an oversupply of components.

Adjustments are being done through normal performance management, identification of overlapping or redundant efforts, removal of excess management layers, and ensuring we have the right skill sets aligned with our business priorities and growth objectives.

We continue to believe that most of the communications [chip] companies will either have to preannounce disappointing results, or lower expectations during the June quarter reporting season.

We continue to believe that inventory levels in the channel are as much as 60 percent higher than historical levels. We are modeling revenues to decline on a sequential basis in the March and June quarters, with a mild pickup in top line growth starting in the September quarter.

A notice of excess emissions was documented at the facility on Wednesday. They (RES officials) have been notified of that, and the paperwork is in process.

After the bubble, the whole sector really started to crash and burn. But just like there was excess on the upside, there was excess on the downside, and what we're seeing now is that there are some real companies addressing very large markets that are now, for the first time, reaching scale and beginning to get to profitability.