Question-and-Answer Session
Thank you. [Operator Instructions]. Your first question comes from the line of Deane Dray with Goldman Sachs.
Deane Dray - Goldman Sachs & Co.
Good afternoon, gentlemen.
Randall J. Hogan - Chairman and Chief Executive Officer
Hi, Dean.
Deane Dray - Goldman Sachs & Co.
First of all, the level of details in the slides and your assumptions is very, very helpful. So I appreciate that. And specifically regarding the '08 guidance, last quarter when you introduced the guidance, you talked about a 25% coming from growth investment and contingency, maybe your wording has changed a little bit, but does that contingency go away and how is that reflected into our guidance?
John Stauch - Executive Vice President and Chief Financial Officer
No. Deane, you are right. I mean we didn't mean to change it up too much. We just probably would provide further details. But the contingency has really changed into investments, and we have now got, I think a more conservative view of price. And nothing has changed in that guidance. We just thought the high-end and the low end would provide everybody to be able to choose their assumptions based upon their own view of the markets. And the other thing is we had quiet growth last time.
Deane Dray - Goldman Sachs & Co.
Right. You split that that out. So just for the fourth quarter, the volume price lift for Water and Technical Products, so for Water, you had 2 percentage points. How does that split between volume and price?
Randall J. Hogan - Chairman and Chief Executive Officer
Repeat the question please.
Deane Dray - Goldman Sachs & Co.
For the fourth quarter, you grouped together volume and price as 2 percentage points. How does that split out? So I'm going to ask the same question for technical products so --?
John Stauch - Executive Vice President and Chief Financial Officer
Okay. Let me just grab this real quick. If you go to Water and take the volume and price component within water.
Deane Dray - Goldman Sachs & Co.
Yes.
John Stauch - Executive Vice President and Chief Financial Officer
About 1.5 of that is price, 2.5 of volume and the technical products is about one point... it's about... let's say, about two points of price and three points of volume.
Deane Dray - Goldman Sachs & Co.
Okay, good. And then over on the filtration side, what's the expectation regarding some of the CapEx spending of your customers, there was a pretty high profile announcement from Starbuck's is going to back CapEx. That's a big customer of yours. Will that weigh at all in terms of the growth expectations [inaudible] you've ever appear in your Ecolab joint venture?
- To read the full transcript on Seeking Alpha, click here »
