Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from Collin Gerry – Raymond James.
Collin Gerry – Raymond James
A lot of information there, I do want to dive into the guidance a little bit more. You mentioned a really bullish outlook, so definitely not structural. It seems like a lot of the difference in the new guidance seems to be on the cost side but also as you said the revenue recognition, the timings of bookings also Kazakhstan falling off a little bit.
So hopefully I’ve nailed the three main points there but I guess my question is what changed between last quarter and this quarter to affect the guidance and have we baked in a degree of any kind of future delays on the revenue recognition side as we move forward through 2008?
John Clarke
I think you have nailed the three points that we would focus in on. And I think in terms of what has changed, as we’ve talked about before, for the full year in order to hit our numbers you pretty well have to have your bookings in hand by about this call, around the May timeframe.
We did not get quite where we wanted to be so that really is one of the factors that is causing an adjustment in the guidance for the balance of the year. On the Kazakhstan front, we’ve always known and we’ve talked about the fact that this work would be coming to an end.
We have not yet found a replacement, a go get, to replace that revenue that we would not have for the balance of the year. That was one of our go gets in our plan and we’re optimistic that we will refill that hole. But it’s not at hand right now. And on the cost front, it’s been a bit of a moving target in terms of when we are able to add the resource that we need and when we spend money for say infrastructure build outs.
So that number has been a bit of a moving target. But again I think we’re getting to the point where it’s kind of settling in to a number that we can manage to and then that will support the business that we see going forward.
Collin Gerry – Raymond James
Switching gears a little bit on the $2.1 million charge related to the investigation, you mentioned that there’s a little bit more detail in the 8-K, I haven’t had a chance to read it. But, any kind of timing guidance as far as future quarters or how long you expect this to kind of run out and is this kind of a good cost range on a quarterly basis as we go forward?
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