Question-and-Answer Session
Operator
(Operator Instructions) Our first question is from Timothy Arcuri - Citigroup.
[Brian Lee] - Citigroup
This is actually [Brian Lee] calling in for Tim.
First, Mike, I missed the comments on SG&A cost reductions. Were you saying $1-2 million run rate savings by fiscal year fiscal Q1 of ?09?
Michael A. Sicuro
Yes. Starting in fiscal ?09, which is June quarter for us, we expect to start seeing $1-2 million a quarter dropping off our SG&A costs.
[Brian Lee] - Citigroup
Is it too aggressive to kind of think that the all in OpEx by June quarter will be kind of in the $30 million range?
Michael A. Sicuro
A little bit, yes. A little bit. I think we are really trying to target, we’re putting a lot of those activities into place actually now as we speak. And conservatively speaking, I think the real impact of this is going to happen, starting in the June quarter.
[Brian Lee] - Citigroup
So $30 is probably a bit on the aggressive side?
Michael A. Sicuro
A little bit, but we might pick up a little bit of tailwind this quarter. But I’d rather be conservative and say not.
[Brian Lee] - Citigroup
Shifting gears a little bit, I guess we’ve seen some big cuts to CapEx on the DRAM side, and a relatively weak CapEx guide from the foundries, but it sounds like the NAND Flash guys are still spending for you guys.
So can you kind of give us an update on, maybe, how many fab projects you’re tracking here, and if that number has meaningfully changed in the past three months? Maybe kind of as a follow-up to that, if you’re seeing any kind of push-outs or things moving a month or two here, that’d be helpful.
Stephen S. Schwartz
All right, Brian, for sure, that DRAM has almost come to a stop, so there has been a lot of push-out. I think everybody is pretty aware of what’s going on there. We forecast, as we mentioned in the script, a couple opportunities but we don’t plan for those right now, because we could go another year without meaningful new fab activity for DRAM.
We’ll always have follow-on to change the configuration of a fab, to add a small bit of capacity, but those projects are $5 million projects, so when we report some DRAM, it will likely be to re-configure fabs.
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