Question-and-Answer Session
Operator
Thank you. (Operator Instructions). And our first question comes from Shawn Harrison with Longbow Research.
Shawn Harrison - Longbow Research
Hi, good morning. Just a few points of clarification for me; first, did you stay what the book to bill was for the March quarter?
Gordon Hunter
We said at the end of the quarter, it was about 1.0.
Shawn Harrison - Longbow Research
And it's running at 1.14 currently.
Gordon Hunter
Yeah, for the month of April.
Shawn Harrison - Longbow Research
If were to extrapolate, the run rate you are seeing in April in terms of revenues, where will that put you with in terms of the guidance. Or do you need to see further list in terms of the run rate as the quarter progresses.
Philip Franklin
The guidance was 10 to 15% sequential increase. So the 1.14 book to bill in April would seem to support something at least in the middle of that guidance that we gave.
Shawn Harrison - Longbow Research
Okay. I just wanted to make sure on that. The other side of that is just the cost savings here. Could you just do me... give me a flavor around with through real quickly, the savings plan that you started at the beginning of the call and then I think it was the manufacturing most of the OpEx in addition to tax rate?
Philip Franklin
So, I mean the plans that we talked about in our call back in February were mostly as we've been talking about for a while now that $20 million of 2009 savings related to the manufacturing transfers. The $50 million of operating expense savings and then in addition to that the other $8 million of manufacturing savings unrelated to the transfers for a total of $43 million of year-over-year savings.
Those are the programs we talked about at the last call and then reiterated on this call that we have executed on. We also alluded to additional cost savings actions that we are taking, which we haven't been as specific about those yet. But we did indicate that we now expect operating expense savings in excess of $20 million compared to the 15 that we originally indicated. And I think you can take from that we're looking at other savings in addition to that as well.
Shawn Harrison - Longbow Research
Okay. I guess that was my follow up on the OpEx savings because quick math the $88 million, if just SG&A run rate achieved here in the first quarter is about 20 million below, kind of the 16 to $20 million below on what you've realized in terms of operating expenses in 2008. So it doesn't sound like there is much more room on a dollar basis for SG&A to decline from the point you had here in this quarter. Is that correct or are there some temporary moves here in the first quarter that may be coming back?
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