Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Analyst Bill Choi – Jefferies & Company.
Analyst for Bill Choi – Jefferies & Company
What was your cash flow from operations for the quarter and free cash flow?
John M. Markovich
The cash from operations and free cash flow were in the $10,000 to $50,000 range positive.
Analyst for Bill Choi – Jefferies & Company
Secondly, could you talk a little bit about when you are trying to divest part of your businesses, what would be your priorities, how are you considering internally liquidating some of your assets which assets will be on the block first and which will be the second priority and things like that?
John M. Markovich
Well, we continue to evaluate all of the businesses as well as the assets associated with those businesses. We have not disclosed anything in particular because we have not made any decisions or entered in to any agreements with respect to any potential divestitures. So, we can’t provide you any specifics as it relates to what other than once we’ve made a decision and have entered in to an agreement with respect to any separation or divestiture we’ll announce it accordingly.
Analyst for Bill Choi – Jefferies & Company
This quarter the satellite [PV] business came back pretty strongly so was this just a snap back from an earlier depressed level so to speak or is this kind of the beginning of new levels of demand that you expect to be sustained over the next two or three quarters or even a couple of years?
Hong Q. Hou, Ph. D.
The strong demand in our space solar business is coming from two factors, first of all the overall market demand is very healthy, it’s increasing as well. The second is we are gaining market share so this business had the advantage of having good visibility. As I talked about, in the last several months we booked $102 million new orders plus $36 million of additional options in there and there definitely was a greater visibility in to the next two years instead of a couple of quarters. So, you can expect as this business continues to do well and this level of profitability is sustainable.
Analyst for Bill Choi – Jefferies & Company
Are you breaking our your photovoltaic revenue along satellite and terrestrial?
Hong Q. Hou, Ph. D.
Usually we don’t. The reason we single out the gross margin and the [inaudible] margin for the space business is that illustrates the new level of the business and profitability that we are expecting going forward for that line of the products.
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