Question-and-Answer Session
Operator
Thank you. (Operator instructions) we will take our first question comes from Steve Sanders with Stephens Inc. Please go ahead.
Steve Sanders – Stephens Inc
Good morning Carl and Christian.
Carl Christenson
Hi Steve.
Steve Sanders – Stephens Inc
On your revenue guidance for the year the 25% less the 500 (inaudible) forex headwinds, what have you assumed on pricing for the year? Is it a wash?
Christian Storch
We had a little bit of a gain earlier in the year but we expected during the year there was going to be some fighting the prices will get through the year. So we had substantial price increases last year and so we could benefit from those certainly earlier in the year.
Steve Sanders – Stephens Inc
Okay and then the 20% sort of apples-to-apples revenue decline that you have assumed, is that pretty consistent with the order rates you have seen in the past few months?
Christian Storch
Yes.
Steve Sanders – Stephens Inc
And then typically you guys do a good job of taking some share, leveraging some new products, etc what kind of assumptions have you made in your guidance for those kind of initiatives? In other words, do you think the market is a lot worse than that or have you taken a fairly conservative view on your ability to take some shares?
Carl Christenson
We have probably taken a conservative view on our ability to take share but I think that is probably realistic and we have spent a lot of time this year focusing internally going through the plant consolidations and we are going to continue the most important product initiatives and business development activities but this is a year to, in my opinion, this is a great opportunity for the company to go through this and after the acquisitions we have made integrate those acquisitions and really come out of this thing as a well structured global organization.
Steve Sanders – Stephens Inc
Okay and then how should we think about your ability to respond if things do pick up in the back half of the year, you are obviously taking realistic in these times but fairly conservative on a relative basis view of the world in the back half of the year, have you impaired your ability to respond as things turn out?
Carl Christenson
We don’t believe so Steve. We had a substantial amount of the 400 jobs that we eliminated, we have temporary employees that we can get back if things do pick up and then the positions that we eliminated we don’t believe were critical to growth initiatives and that we could go back and re-build very quickly. We have been very careful not to minimize the impact on places where we see we could come back very quickly.
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