Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Greg Mesniaeff - Needham & Company.
Greg Mesniaeff - Needham & Company
Question on the revenue break down. Can you give us some idea what percentage of total revenues were related to wireless versus wire lined?
Albert J. Wood
Wireless versus wire lined, it’s an ever-increasing percentage of wireless, although we don’t break that out for financial reporting purposes. That is a growing percentage for us.
Operator
Your next question comes from Ted Jackson.
Ted Jackson - Cantor Fitzgerald
Some model questions then some bigger picture stuff. On the model can you tell me what CapEx and depreciation were for the quarter and then relative to CapEx, can you give me an outlook for ’09?
Douglas Sabella
Let’s start with the first part which is CapEx for the quarter. It was a little over $100,000 for the quarter and as far as depreciation, it was about $800,000 for the quarter. Going forward we expect that CapEx will be on a quarterly basis a couple hundred thousand dollars a quarter and as far as depreciation, we’ll be $700,000 to $800,000 per quarter going forward.
Ted Jackson - Cantor Fitzgerald
Then looking into the first quarter relative to the balance sheet, I know you said you’d be operating cash flow negative. Can we expect to see your receivables or your inventory click up in the next quarter?
Douglas Sabella
Yes, that would be our expectation is that while we had what I consider to be very strong cash flow performance for this quarter, yet that will result in Q1 being a little bit more cash current and that’s going to be the result of a combination of factors including increase in A/R, increase in inventory.
Ted Jackson - Cantor Fitzgerald
Then going into the larger picture question which makes that probably a decent segue, you talked about this large Asian mobile Class 4 win and you talked a bit about a number of other strong bookings and opportunities that you saw coming forward. Can you provide? First of all, is some of the increase we’re going to see in receivables perhaps inventory a result of these larger projects and then can you give us some color relative to this talk about the Asian mobile Class 4 win, the size, the timing, and details around that?
Albert J. Wood
Let me answer the first part of that and then I’ll defer to Doug for the second part. With respect to the first part, and let me answer with a larger answer first than what you asked. We are growing our basically our bookings faster than our revenue. That’s what we have been doing for the past three quarters and that naturally does drive up our accounts receivable and inventory. Now as far as the second part of your question concerning our large win in Asia and the timing of those larger projects, I’ll defer to Doug on that one.
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