Question-and-Answer Session
Operator
Thank you sir. (Operator instructions) Our first question comes from Mr. Arnie Ursaner. Sir your line is open.
Arnie Ursaner – CJS Securities
Hi good morning.
Don Morel
Good morning Arnie.
Bill Federici
Good morning Arnie.
Arnie Ursaner – CJS Securities
I guess the first thing I want to follow – start with is, in November your revenue guidance for the year had been 5 to 7 or preliminary guidance for the ?09 had been 5 to 7 and now you are bringing it down to 3 to 5 and that is ex-currency. I just want to be very, very clear because in the past you have walked away from certain programs or had cancellations. Embedded in this you did not have any specific program or cancellation that affected the revenue growth?
Don Morel
No.
Arnie Ursaner – CJS Securities
Okay. And again just to be very, very clear none of your guidance includes any of the contribution from your key development programs. None of that will create revenue in any material way in ’09?
Don Morel
Not in ’09, that's correct.
Arnie Ursaner – CJS Securities
Okay. Question – real quick question for Bill if I can.
Bill Federici
Yes sir.
Arnie Ursaner – CJS Securities
You mentioned you had $140 million budgeted capital spending, and Don you had mentioned in your prepared remarks you have identified a site in India. Do you have an India facility embedded in your CapEx guidance?
Bill Federici
We have in our – this year's 2009 guidance we have the cost of acquiring land, which is approximately, our guesstimate is approximately $3 million.
Arnie Ursaner – CJS Securities
But not the cost of the plant.
Bill Federici
Not the cost of the plant which would not – probably would not commence until either late in ?09 or ’10.
Arnie Ursaner – CJS Securities
Okay, and do you have a D&A number expectation for 2009 please?
Bill Federici
Yes, it was just, you know, the D&A was $60 million in 2008 and the D&A expectation is about $8 million higher than that for 2009.
Arnie Ursaner – CJS Securities
And how much of that will run through the SG&A line?
Bill Federici
About $4 million of the increase will run through SG&A.
Arnie Ursaner – CJS Securities
Okay. So, you mentioned on your SG&A that it would be up about 1% but I think the 1% excluded –
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