Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from David Leiker with Robert W. Baird.
Analyst for David Leiker - Robert W. Baird & Co., Inc.
Can you just talk about how your business is kind of attracting this quarter so far versus the third quarter? Obviously the global economy has kind of slowed down pretty meaningfully in November and December here. Are you seeing that show up in your businesses or how is that tracking?
Donald Duda
As we said, we’ve seen a decline in order intake really across all our segments and around the world. It’s certainly not unique to the west. We’ve seen the power segment down, appliance, interconnect. Auto is probably the most meaningful but it certainly trumps all segments.
Analyst for David Leiker - Robert W. Baird & Co., Inc.
So is it reasonable to expect it and I guess your revenues are going to be down in all your segments?
Douglas Koman
I’m trying not to give guidance here but suffice it to say Methode is probably going to follow the macroeconomic environment as we go into 2009.
Analyst for David Leiker - Robert W. Baird & Co., Inc.
You’ve talked a little bit about looking at taking out of their [cut it] auto and maybe needing some more restructuring as things along those lines, is that in your kind of target for what your restructuring is going to be through 2010 or was that on top of the $5 million to $10 million you guys gave as a figure?
Donald Duda
What we’re doing, where we are, with all of our units based on what we anticipate to be a prolonged recession, so you take a look at any of the divisions and here in our third quarter and into our fourth quarter we’ll look at should there be some additional restructuring. I don’t think because auto is the largest that if we had costs it would approach, what was the number that we gave originally, 20 some million.
Douglas Koman
Up to $25 million.
Donald Duda
I don’t think we’d get anywhere near that, but we’re certainly going to take a look at all of Methode to see where we need to strengthen ourselves to traverse... it’s going to be a pretty tough business environment for the next 12 to 18 months and we would announce any...
Analyst for David Leiker - Robert W. Baird & Co., Inc.
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