Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from the line of William Gibson with Nollenberger Capital Partners.
William Gibson - Nollenberger Capital Partners
Bruce, you talked about what sounds like an extension on digital watermarking in the hearing and seeing technologies, does that also in today’s environment open up the opportunity for an acquisition of may be complementary technologies, are you seeing anything out there along those lines, may be out of the BC community?
Bruce Davis
There were opportunities, Bill; our view with respect to the private sector, and we’re looking out carefully and continuously, is that given venture funding cycles that we expect there to be a fair number of reasonably good young companies on a starvation diet around mid year; and so, if we see anything we like at this stage, we probably wouldn’t be inclined to act on it for a while because we think prices will improve, but I think at the second half of the year, there are going to be opportunities that deserve scrutiny in the private sector for technology acquisitions.
William Gibson - Nollenberger Capital Partners
Okay, and then just one last question; you talked about the foundational work for new potential partners, does that include some of these consortiums of people that are acquiring patents for groups or companies?
Bruce Davis
The statement in the script doesn’t specifically refer to them but more to business partners akin to what we already have that would foster a development and delivery of products and services. Those guys as you know hopefully are aware of us, and will gain further insight, study this more and recognize the value in our very large and timely intellectual property, but when I talk of partners there, I’m really talking about adding more licensees who are operating companies.
Operator
Our next question comes from the line of Adam Fischer with Burnham.
Adam Fischer - Burnham
Just kind of on the revenues, you talked the last quarter about baseline of $17 million of book revenue going to the year, is that right?
Michael McConnell
That’s right. Out of our backlog, obviously the plan includes about $17.5 million that rolled into 2009.
Adam Fischer - Burnham
And then today you talked about kind of revenues rolling versus last year year-over-year, did I hear that correctly?
Michael McConnell
What we clarified today was revenues for the first quarter would be similar to what they were in the fourth quarter of ’08, but we would see increasing revenues in the balance of the year over the first quarter run rate.
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