I'm not as funny as Dowboy. :-) The environment for growth in semiconductors is very challenging at the moment. I base this on two facts: 1) most TAM's are over-served at the moment. 2) general state of the world economy.
The "top 10 growth drivers" will probably see 2 out of 10 kick in. This will likely offset Intersil's shrinking market share in existing markets but will not be enough to power Intersil towards $750M annual revenue any time soon.
Expect a nice positive bump in the EPS for a while due to last week's op-ex cuts but this won't last forever. So my forecast is for flat revenue for the next 18 months with EPS re-tweaked upwards due to lowering of expenses. By the way that 11% cut was painful. Don't think of 11% of Intersil's employees as dead wood. Not the case. Let's see how my prognostications hold in 12 months.