Question-and-Answer Session
Operator
Thank you. (Operator instructions). And we'll take our first question from Mark Rupe with Longbow Research.
Mark Rupe – Longbow Research
Hey, guys. I had a question on the orders. We have picked up a lot of orders being delayed and broken down into kind of smaller shipment levels. Just curious to see how that – of your current orders, if there has been any material change and when they are going to be shipped and how some of that is recorded?
Brian Walker
Mark, this is Brian. I don't think we've seen any material change and when they are going to be shipped and recorded. So, we don't see any added risk early in the backlog itself.
Mark Rupe – Longbow Research
Okay.
Brian Walker
I would say what we have seen happening is a greater degree of delays on prospects that we see coming in, some cancellations but more in the form of delay. So oddly enough what we see happening, actually our funnel looks pretty strong. But what's happening is we're seeing less come in – enough to come into offset what's dropping out on the other side from cancellations, but not really an effect that we see once we have an order in our hand.
Curt Pullen
Yes, Mark its Curt. I would (inaudible) with Brian. In the November, December timeframe, it seems like a lot of the day-by-day business really slowed down to the extent that folks were kind of getting their bearings on what they were really going to do. And if they, they themselves were going through adjustments within their own businesses. We have seen some of those projects begin to loosen up where folks are beginning to feel more confident about what they really need to do, what they have to do. But Brian is right that there are projects in our funnel that have had dates move out as companies are reconsidering what their plans and intentions really are. The good news though is the size of the funnel continues to be very stable and which we look at that as an opportunity in the future in terms of when these decisions really do get made.
Mark Rupe – Longbow Research
Okay, perfect. And then I don't know if you commented on any of the pricing if there has been a lot more intensive, aggressive pricing out there on some of this bid activity?
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