Question-and-Answer Session
Operator: Certainly. (operator instructions). And our first question comes from the line of John Harmon with Needham & Company. Please go ahead.
John Harmon - Needham & Company
Hi, good morning.
Robert Mehrabian
Good morning, John.
John Harmon - Needham & Company
A couple of questions, please. I guess first of all regarding your avionics business; you talked about how much it was down versus how much it is in typical recession. Do you think the business is bottomed yet or not... just not when do you think it could bottom?
Robert Mehrabian
Yeah John, I guess that first, I am sure you meant our general aviation engine business, because we have a separate avionic business that is a little different. In the general aviation engine business, I am not sure what's going to happen. The set of economic conditions we're facing today are unprecedented, none of us have really faced such conditions previously that we are facing today. And our best estimate is that our OEM engines will stay around where they were in the fourth quarter; and our aftermarket engines and parts will be down about 20%, 25%.
Having said that, as you know, we have also in our parts businesses, we have primarily two macro-type (ph) competitors that produce parts for our engine. One of those competitors, superiors, declared bankruptcy only very recently. And some of the pressure on some of our parts businesses from that source that this should come off in due course.
John Harmon - Needham & Company
Okay.
Robert Mehrabian
You have another question, John?
John Harmon - Needham & Company
Yes, thank you. And similar type of question: when would you expect to stop exiting medical device manufacturing?
Robert Mehrabian
Well, we've been kind of getting out of that business over a period of time. We... at one time, we have almost $50 million, $60 million worth business there. That level is now... in the fourth quarter, it was down to about several million dollars, less than five. And some of that product that in micro-electronics will keep doing that, but some of the products that's in primarily for electronic manufacturing services, we're just sustaining a little bit of that to help our customers transition to new suppliers, but that's not an area of that we want to really be in.
John Harmon - Needham & Company
Thank you. And just finally one financial question, Dale: if you can please breakout the components of free cash flow and just talk about what it was that drove it negative in the fourth quarter?
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