Question-and-Answer Session
Operator
(Operator instructions) And we’ll go first to Myles Walton with Oppenheimer.
Myles Walton – Oppenheimer & Co.
Thanks, good morning.
Glenn Tynan
Hi, Myles.
Martin Benante
Hi Myles, how are doing?
Myles Walton – Oppenheimer & Co.
Okay, okay. Hey, thanks for the color in the release as to the individual items that are affecting the guidance. I was wondering though if you could give us maybe in the quarter and for the year what the revenue impact was of the strike as well as the 787 and Eclipse delays.
Glenn Tynan
Myles, I don’t have it broken up by quarter, but I have the annual amounts that line up with those numbers that were in the press release. For the Boeing strike, it’s about $12 million. For the Eclipse and the Boeing 787 it’s about $10 million – $10 million to $11 million, somewhere in there.
Myles Walton – Oppenheimer & Co.
Okay. And is it – say VMetro lag may be $12 million to the fourth quarter is that about right?
Glenn Tynan
We think it’s probably going to be close to $14 million –
Martin Benante
Right.
Glenn Tynan
Depending upon what exchange rate you use.
Myles Walton – Oppenheimer & Co.
Okay.
Glenn Tynan
(inaudible) saying it’s about $14 million.
Myles Walton – Oppenheimer & Co.
Okay, fair enough. And you commented on some of the moving parts as far as growth in oil and gas and some slippage of those orders as well as the hurricane effect. Can you give us a little bit more color on the slippage of the orders in particular and should that mean that 2009 will be an accelerating annualized growth versus 2008 oil and gas or maybe just kind of how it’s going roll into 2009? Are these things pushing out and being collected in 2009 and therefore maybe you are making your oil and gas growth for ’09 an acceleration?
Martin Benante
Well, Myles, on the oil and gas, I don’t know if it will be an acceleration, I think it will – might be slightly improved what 2008 would look like. I think what everybody is doing based on the capital market stress is that they are realigning their project and taking hardware when they absolutely need it. So we are getting some slippage into 2009 and I may say that some of the business for 2009 may slip into 2010, but I think on the whole we’ll do fine in the oil and gas industry.
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