Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Steve Dyer of Craig-Hallum.
Steve Dyer - Craig-Hallum Capital Group LLC
Jim, you alluded in the press release to some large sports opportunities that could create a pick up in the fourth quarter. Would that be in the backlog of the fourth quarter, or already recognized as revenue in the fourth quarter? Also, if there is any more color you can give on the nature of those that would be great.
Jim Morgan
There are just some large sports opportunities. Some in the baseball world; some could be revenue in fourth quarter.
Steve Dyer - Craig-Hallum Capital Group LLC
Okay and then your competitors have announced a couple of wins lately and I am thinking, I guess, of the Dallas Mavericks arena and the Pittsburgh Penguins arena. How has your win rate that has evolved over time, is that more or less competitive than it has been?
Jim Morgan
Our win rate, I mentioned there has been some aggressive pricing and that is indicative of those projects that are setting an example there. In general our win rate overall is just down slightly maybe from what it has been. It is not down dramatically, but we are seeing some of this very aggressive pricing.
Steve Dyer - Craig-Hallum Capital Group LLC
Is it kind of the typical players, or have you seen anyone new enter the market?
Jim Morgan
It is some of both. In one case a company that hasn’t been in the US market for some time is making an effort to get back in. In other cases it is players that have been here.
Steve Dyer - Craig-Hallum Capital Group LLC
Okay. How do the sort of biddable opportunities over the next three or four quarters look to you relative to the last three or four? Obviously you expect revenue to sort of trend down over the next couple of quarters, but what about backlog? Is there a scenario where that grows or is that pretty tough to for now?
Jim Morgan
Well for the next couple of quarters we see it declining. There are a lot of variables. When you get out to the fourth quarter it is harder to predict. What the economy is going to do and what else is all going on in the world is one of the variables there, but generally we would see backlog in the near term going down.
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