The sequential quarter gross margin increase was primarily due to having less PC and consumer mix in Q1, which carries a lower gross margin percentage than our consolidated average. During the quarter PC and consumer volume decreased more than 25% sequentially due to the channel inventory reductions and weaker end customer demand.We’ve been talking about margin expansion through a better mixture of products and we are starting to see some early signs of traction. As we look forward four to six quarters, we continue to target gross margins in the range of 38% to 40% as a run rate.
Pericom Semiconductor's CEO Discusses F1Q 2012 Results - Earnings Call Transcript
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