Operator
Thank you! Ladies and gentleman if you have a question at this time please press star then the one key on your touch tone telephone. If your question has been answered or you wish to move yourself from the cue, please press the pound key.
Our first question comes from Sean Hannon the line is now open.
Sean Hannan – Needham and Company
Yes, good morning thanks for taking my question. So Brian your top five customers seem to be down maybe nine percent quarter of a quarter like when everybody else was down, closer 20% or so, I think you did a good job in terms of referencing what you’ve seen is dynamics on the electronic side of the business. If I make the right assumptions looks like GE really was the only, perhaps closer to growth customer certainly being on the aerospace side there. So, just wanted to verify, that of course the magnitude perhaps that GE was a grower for you, we certainly heard some positive comments around them from you just a moment ago. And then, if we could also get a little bit more of a sense of how you expect they could contribute sequentially or through the course of this year it seems that they would be on track for getting to be perhaps a 10% customer at some point down the road. Thanks
Brian E. Shore
Not quite 10%, GE was up a little bit but like you pointed out already aerospace was quite a different story than electronics. Electronics is a special story for us especially in the third quarter. I think aerospace was up a little bit as a whole. GE was kind of flat as compared to the second quarter. The difference with a company like, a customer like GE as compared to what electronic customer is there is significant visibility over many years based upon the nature of the business. It’s not the electronics you know, OEMs they don’t want to tell us, they just really don’t know, it does not work that way, it’s a very different dynamics. So we talk optimistically about GE, we’re not talking about the next month, we’re talking about, three years, four years, five years, six years down the road and ironically those expectations are probably more hard and firm than expectations we might have on electronics company with three months down the road. Again it’s because of the nature of the business by the nature of the business as such that you know there are long term contracts and you know the production schedules and cycles rather of the aircraft are quite long, the order patterns are you know quite long, the backlogs are quite large so you know you could reference all the airbus and the other aircraft companies are just as an example. I would say that GE, just to answer your question which is more or less flat in Q3 as compared to Q2 they are not quite on the 10% level but the expectations and forecast that we have with GE are, well, they are quite encouraging if you want to put it that way. Although we are talking about long term return timeframe then we would be talking electronics.
Sean Hannan – Needham and Company
Well, Brian if we look, really at the rest of, or your calendar 2015, I believe that there have been some prior thoughts that we should see growth with them as well as with aerospace as we progress through the course of the year. So I wanted to check on that assumption if that still stands to be relatively valid in any color perhaps you can provide around that.
