Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from the line of Dave Coleman with RBC Capital Markets. Please go ahead.
David Coleman – RBC Capital Markets
Just a question on your guidance, if I look at the 4Q revenues of $99 million and I annualize that for 2008 and get towards the high end of your 2008 revenue guidance, I’m just wondering if there’s a reason being more conservative or if I’m miscalculating there? Second question, just on the I guess you call it AKORN network, wondering if you could quantify the committed or anticipated book of business for that long haul fiber network? If it’s not possible to quantify it, if you could speak about interest from carriers and enterprises, how that’s changed since announcing the build out? Then final question, Dave you mentioned that you have the credit facility now that’s fully available, what’s the maturity date on that facility?
David Wilson
Let me start off Dave in terms of the first question which was if I look at four times Q4 revenue, how does that compare to guidance? I think we’re pretty clear in our prepared remarks that we did benefit from a higher than normal network access revenue. It’s probably about $3 million or so in the fourth quarter so if you were to normalize Q4 and take out that $3 million and you would then times that number by four I think you get close to our base end of our guidance for the year.
David Coleman – RBC Capital Markets
Okay. So think about that more like a $95 to $96 million?
David Wilson
Yeah, I think that’s a fair way to think about it. Then, in terms of the maturity, let me just answer that one quickly, the facility was a seven year facility we entered into it in February, 2005 so we have until 2012 [inaudible], for the revolver.
Liane J. Pelletier
On AKORN, we are very happy with the dialogue we are having with the customers we are presenting that end-to-end solution. And, as you heard in the remarks, its statewide facilities, Ethernet NPOS, the diverse path and a lower 48 knock which is receiving a lot of interest from our customers. That’s probably all that’s prudent to share on this call.
Operator
Our next question comes from the line of Jonathan Chaplin with JP Morgan. Please go ahead.
Jonathan Chaplin – JP Morgan Equity
- To read the full transcript on Seeking Alpha, click here »







