Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of [Charles Wade – Winstone Capital]
[Charles Wade – Winstone Capital]
Going forward what are your projections for the first couple of quarters of 2009 in terms of the cash positive flow that you’re receiving for the third and fourth quarters of this year?
Robert Habig
We are projecting cash flow positive in the fourth quarter. I think we’ll have, we’ll be pretty close to the margin. I think we’ll have cash flow positive results for 2009 although on a quarter-to-quarter basis there may be fluctuations.
So when we provide more specific 2009 guidance in January we’ll hopefully have greater visibility on the quarter-to-quarter but at this point suffice it to say we expect and project being cash flow positive in 2009.
[Charles Wade – Winstone Capital]
I did hear that you’re not going to be looking for any type of capital infusion, are you going to be looking for any type of acquisitions in that aspect.
Simon Moss
I think the answer is no to both of the interpretations of that question. We don’t seek to be acquired and I think the company has legs, has a robust strategy and we’re executing well in the market that’s continuing to grow despite some significant economic events that we’re seeing out there.
Secondly we believe that we have a strong and competitive product portfolio so we don’t, as well as a growing client base and distribution channel, so I don’t see us necessarily having to acquire other firms or brands whether for client list or whether to give us additional product functionality so I think no to both of those interpretations.
Robert Habig
I think our partnership strategy is developed around trying to expand our capacities through partnerships as opposed to through acquisitions.
Operator
There are no additional questions at this time; I would like to turn it back over to management for any additional or closing comments.
Robert Habig
Thanks to all the participants for your interest in Avistar. We think we’re on a pretty interesting journey and that we have great prospects and we look forward to speaking with you again come January and at that point hopefully some new additional positive developments and some additional guidance for 2009. Thanks again everyone and have a great day and a great week.
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