Question-and-Answer Session
Operator
(Operator Instructions) Our first question is from Eric Slade – Unspecified Company.
Eric Slade – Unspecified Company
Back on the guidance for next quarter you’re saying $4 million to $5 million you’re comfortable with?
Thomas E. Brunton
Yes, from where we sit today, Eric, viewing a bottoms up with our sales folks, that’s what the pipeline supports.
Eric Slade – Unspecified Company
And you say it would only be a cash burn of how much, $2 million?
Thomas E. Brunton
I said similar to last quarter, so $2.5 million.
Eric Slade – Unspecified Company
So that would be put you at around $6.3 million. When you are talking about getting additional financing, how much of that Comerica line is available to you guys now?
Thomas E. Brunton
The effective amount, because it’s a receivable base line and a certain percent of the receivables are borrowable and other ones are not, so it’s in the neighborhood of $4 million.
Eric Slade – Unspecified Company
That really hasn’t changed much since last quarter. So you say you’re going to try to go back for additional financing from them and then possibly your technology partners?
Thomas E. Brunton
Yes, that’s what Tom indicated, correct.
Eric Slade – Unspecified Company
How would that work with your technology partners? Would they get a piece of the company or future revenues or how does that work?
Thomas M. Rohrs
It could work in any number of ways. We’re having discussions. Warren mentioned for example as the prober business is obviously extraordinarily slow, we’ve had certain [inaudible] who have agreed to fund some of our R&D efforts and while this isn’t necessarily seen as a financing event, what it does is it obviously works to mitigate our expenses and thus gives us cash.
That’s one opportunity. Another opportunity might entail [inaudible]. So those are the types of things we’re discussing with them.
Eric Slade – Unspecified Company
I didn’t get the second part, you sort of cut out. Not the research part, but the second part.
Thomas M. Rohrs
The second part I said we’re also talking with some of the partners about prepaying for tools available down the road.
Eric Slade – Unspecified Company
I see, because the question I have and a lot of my clients ask, we know the world is just a mess but you guys are so far along in the prober business, you?ve been around forever, and then you have this new business. Do you have a hard time seeing yourselves going away?
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