Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from the line of Phil Nalbone from RBC.
Phillip E. Nalbone - RBC Capital Markets
Good afternoon. Since I was just about to be told by Doug Sherk for a second time to ask only two questions, let me just say they are going to be two very complex, detailed questions -- get your pens ready here.
Doug Sherk
We just want to keep you on your toes, Phil.
Phillip E. Nalbone - RBC Capital Markets
Absolutely. Well, I’m flat on my back at the moment but hey, that’s okay. Listen, two quick questions here: number one, in complex fashion -- Eamomm, you cited two factors that might have hindered sales performance in the quarter, the Diomed capital equipment and the Morpheus CT PICC. Give us a little more detail on what happened with each and how much you think that might have cost you in the quarter. And as a part of that, do you see any threats to ongoing purchases of the laser capital equipment, given the economic environment and the tightening of the credit and lease financing markets? That’s question number one.
Eamomm P. Hobbs
Okay, well, sorry to hear you are not feeling well, Phil, and hopefully you’ll be back on your feet shortly.
Phillip E. Nalbone - RBC Capital Markets
I’m just referring to the market environment, Eamomm. I’ll be fine, thanks.
Eamomm P. Hobbs
Oh, all right. Well, as far as lasers go, as Joe pointed out we inherited really a bit of a mess in that the customer base was very concerned about the long-term viability of Diomed as an entity and laser sales had dried up significantly in the Diomed business prior to the acquisition. So it took us a large part of the Q to start to see that turn around where we could restore customer confidence in the Diomed laser, which is an excellent, excellent product, and we’ve replaced all our outsourced lasers with Diomed sales, Diomed laser sales.
I don’t anticipate that there’s going to be a tremendous amount of impact from the overall market conditions because the majority of lasers that we sell are purchased outside of a leasing arrangement. We do still offer leasing arrangements and there is available credit to physicians but for the most part, it’s such a small number that they will typically finance them on something like MasterCard or Visa.
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