Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from the line of Rick Prentiss with Raymond James.
Rick Prentiss - Raymond James
Feel a little bit like the kid at the magic show wondering how'd you do it. Obviously, very strong numbers in the third quarter, very nice guidance for '10. Walk us through a little bit, were there any one timers in the quarter?
Also, Clearwire sounds like it was a pretty significant part of your applications, can you slice up that 38% applications up year-to-date and say how much of that was Clearwire and are you expecting in your '010 guidance, Clearwire to get any additional funding or is it really just what they're funded for today in your guidance?
Jay Brown
Rick, I'll take the first one on one timers. We had a little bit of one timers, virtually all of which was expected when we provided the outlook originally, so our numbers in the quarter really were not helped by any significant amount of one timers.
Ben Moreland
That was $3 million?
Jay Brown
It was about $3 million in the quarter, virtually all of that was in the outlook.
Ben Moreland
So, Rick, your second question on Clearwire, I would say a couple of things. We are enjoying a very robust and productive relationship with Clearwire and working very hard with them to make their market launches a reality and do everything we can to assist them. We have enjoyed a very active year with Clearwire and I'll probably refrain from dissecting exactly how much that is as we don't typically get into the detail with respect to specific customer activity. That's really for them to speak about on their own behalf.
But as we go forward into next year, I think your second question was as we think about next year, our guidance for 2010 implicitly backs off some of the activity we've enjoyed this year. I think that's an element of conservatism on our part. It is only November and they have a well known and described funding gap for next year where they're seeking to raise capital to continue their build-out.
So, until we get more visibility on the second half of next year, we have lightened up on our expectation, just in the modeling, for Clearwire going forward. But we would certainly expect that they'll be successful in raising that capital and perhaps to the extent we can continue to execute for them and to their satisfaction that we have another robust year with Clearwire next year.
- To read the full transcript on Seeking Alpha, click here »
