Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from [Sam Bergman - Mayberry Asset Management].
[Sam Bergman - Mayberry Asset Management]
Perhaps Martin you can answer the first question for me. How much is remaining of the low margin programs that you talked about in the press release?
Martin B. Bloch
We expect to ship most of them out within the next four to eight weeks.
[Sam Bergman - Mayberry Asset Management]
Can you give us some kind of percentages of what’s been shipped already?
Martin B. Bloch
I would say that 75% have shipped.
Alan Miller
As far as revenue is concerned, we’ve probably recognized about 95% of it.
Martin B. Bloch
Yes, because they’re 100% complete.
[Sam Bergman - Mayberry Asset Management]
Again Martin, a question regarding the throughput and the operating costs showing some kind of improvement. Have you already purchased the test equipment to get the throughput improved or not?
Martin B. Bloch
Yes. We have all the equipment in the place. I mean there might be some minor like 200,000 that might be necessary to do it but we have the bulk of the equipment in-house. What is necessary is to put together those systems so they can operate with less coffee breaks and less errors in human beings and to achieve the same put-through with a lot less touch labor.
[Sam Bergman - Mayberry Asset Management]
Alan, can you give me an employee count at the end of this quarter versus last quarter?
Martin B. Bloch
244.
Alan Miller
That’s here in New York.
Martin B. Bloch
In New York is 244. I think worldwide it’s 450.
[Sam Bergman - Mayberry Asset Management]
Alan also perhaps you can answer this question or maybe Joseph, either or. The pipeline, can you give us a comparison of what the pipeline looks like this first quarter of 09 versus fourth quarter of 08?
Alan Miller
Are you talking about backlog now?
[Sam Bergman - Mayberry Asset Management]
Not backlog. The actual pipeline of RFPs
Martin B. Bloch
For satellites we have about ending at $100 plus million worth of proposals. The only thing we cannot predict is when they’re going to be placed.
[Sam Bergman - Mayberry Asset Management]
Of those proposals?
Martin B. Bloch
Yes.
[Sam Bergman - Mayberry Asset Management]
Can you give me a dollar amount of the largest one of those proposals?
Martin B. Bloch
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