Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Barbara Bagley – Lewis Capital Management.
Barbara Bagley – Lewis Capital Management
What I wanted to ask you guys about was the percent of demand for the high end telescopes that you are currently meeting. If you could just describe a little bit about how much of the demand you’re currently able to satisfy?
Steven L. Muellner
Barbara, it’s changing monthly as you would probably hope. You’ll recall when we made the decision to shutdown Irvine, we did it in a fashion that can only be referred to as cold turkey. We weren’t really quite ready to shift the production to our facility in Mexico so the first month of this calendar year, January we probably, and I’m really going to have to give you some estimates, probably didn’t fulfill 10% of the demand.
As we’ve gone through these last six months I would tell you that today we are probably depending on the product mix and there are different products, on the LX line which is our primary telescope line, we’re probably somewhere in the neighborhood of 80% fulfillment against demand. The other major line that we have shifted production to Mexico on is the Coronado solar products.
On the Coronado we’re probably still at maybe about 50%. Those numbers are rough but I’m pretty sure they’re pretty close.
Barbara Bagley – Lewis Capital Management
My understanding is that there is to be a redesign of the ETX? Is that currently being redesigned? And, that’s not shipping I assume, that’s just out of the market until it’s completed?
Steven L. Muellner
Actually, prior management made the decision to move ETX production to China. I’m not sure the dating but probably three years, three and a half years ago and so the current ETX continues to be in production out of our Chinese partner’s facility. There has been discussion about a new product being introduced this coming year and that would in many ways replace the older ETX but everything there I’m happy to say is moving along on schedule.
Barbara Bagley – Lewis Capital Management
But would that be part of what you referred to in your earlier comments?
Steven L. Muellner
About new products? Yes.
Barbara Bagley – Lewis Capital Management
Then just getting back to the Coronado and the other telescope you mentioned the LTX, has there been any associated market share loss that you can quantify or have you taken any action to prevent it?
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