Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Mark Kelleher - Canaccord Adams.
Mark Kelleher - Canaccord Adams
Good quarter in a tough economic time. Can you maybe give us an indication of what you think cash flow would be in the next quarter based on those EBITDA numbers?
James W. Pluntze
I would think that they would be generally consistent with the quarter we’ve seen. If you think about this quarter, we delivered about $8.5 million so if our cash from operations was around $9 million and we had a benefit from the return of the UK data center deposit, so in the $4 million range. I think cap ex will be smaller in the second quarter given the fact that bookings were lower in the first quarter so I would think that cap ex would be in the range of the mid- to high twos and then we?ll have our same financing costs related to interest payments and that kind of stuff.
Arthur P. Becker
A slight improvement I think.
Mark Kelleher - Canaccord Adams
How about the London data center? Can you give us an update on that? You talked about the fx effects but how about the business in general there?
James W. Pluntze
How are bookings or how is revenue? What’s your question?
Mark Kelleher - Canaccord Adams
Yes. How are bookings? How is revenue? How is that building filling up? I know it’s not scheduled to come on line until next summer.
Arthur P. Becker
What we’re finding is that generally demand for co-locations within the [M25] ring in the UK continues to be very strong. What we’re hampered by is long lead times out there so selling co-location stays in November for occupation in May or June continues to be a challenge for us. I think that we’re believing that we’ll still be able to fill up that 10,000 feet that we leased of which 20% or so is already pre-leased but we’re finding it a little bit challenging right now to identify customers that have such long lead times because our particular customers are smaller ones rather than the larger ones that need long lead times.
So I guess the answer is generally favorable but no real traction.
Mark Kelleher - Canaccord Adams
If we go from the churn numbers and we look at the bookings that you’ve seen in the strong Q1, it would seem that the macroeconomic environment isn’t really affecting you that much. Is that accurate?
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