Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Patrick Ho - Stifel Nicolaus
Patrick Ho - Stifel Nicolaus
In terms of this downturn, you’ve gone through a few of these, can you just compare it to the 2001, 2002 time period, how its similar and how its different as well?
Dave Dutton
We’ve been through a few of these and I think at the heart of this one, its certainly moving into as much like the 2001, 2002 downturn but with the current economic conditions that we see its really adding a level of uncertainty and essentially lack of clarity on how this is going to move forward and I think that’s where also we look at from an experience standpoint the team here has been through these. It’s a matter of knowing where to focus and being able to keep our eye on delivering for our customers because we know what they will need and being in the position to make sure we are ready to deliver when they do decide to ramp and we just don’t have clarity on when that is but we know to be patient and be ready for when it happens.
Patrick Ho - Stifel Nicolaus
In terms of your services the spare parts business, obviously I think the current environment that we see that tool shipments have come down quite dramatically and been pushed out to a later time period, can you comment on the service and the spare parts business and how that’s trending. Are you seeing a dramatic decline there as well or is that something that kind of helps steady through these last few quarters and going forward?
Dave Dutton
In the last quarters we’ve seen it hold steady and going forward it looks like its holding pretty steady for us and of course as revenues comes down it becomes a bigger portion of revenues but we’re seeing our customers continue to need that level of service and we’re delivering to it.
Patrick Ho - Stifel Nicolaus
On the macroeconomic environment how its affecting you, have any of your customers, especially the second tier one have they come to you looking for extensions in terms of payments and such?
Dave Dutton
In this environment and probably in any environment our customers are always negotiating hard and we treat all our customers very much fairly and the same and we also focus on delivering to a very respectful and conservative financial terms as we deliver to our customers.
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