Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Charlie Brady - BMO Capital Markets
Charlie Brady - BMO Capital Markets
Can you just speak in terms of your supplier base and given the liquidity issue, are you reaching out to your suppliers to make sure that they in fact are in a financial situation where they can keep supplying you and how are you addressing that.
Edward Campbell
We are, we have been proactive in that regard. Obviously the financial well being of anybody in the supply chain and customer chain are things that we’re paying very close attention to and the same kinds of analysis that we would do with regard to customers are things that our purchasing department is taking a close look at and that includes suppliers in places like China.
Let me just say that nothing has risen to my level of attention and the investigations have been done. Our folks are on it.
Charlie Brady - BMO Capital Markets
In regards to the orders in the prior 12 weeks, looking at your individual businesses and I know you don’t want to get into that kind of granularity, but are there any particular standouts either generally much worse then the overall trend or maybe not quite as bad doing better then the overall trend.
Edward Campbell
I think what you see as you go across the businesses, those businesses that are associated with large portions of spare parts or selling consumable components that are used once and disposed, our packaging business, other businesses that are related to consumer non-durables like non-woven’s, those are all if you will, large businesses that are doing well but then within businesses, we see bright spots that would include things like life sciences continuing on without impact.
In a number of our businesses we have a number of projects surrounding solar that despite energy prices where they are today, those seem to be going forward without any deceleration. Also in technology markets we’re seeing some areas like LEDs and low cost computers and a variety of spots where either there is something about the economics in our customers’ world or alternatively where we’ve been able to gain share.
Examples would be in some of the corrugated or folding carton markets that we’ve been able to gain share. New technology to automate the high-speed application of labels on packages. We continue to be able to win with some of our technology driven activities but I guess another area that’s been interesting is within technology, smart phones for example. The shift away from a traditional cell phone to those that can do all the things that we’re now dependent upon like emails and other web browsing.
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