Okay, and then a follow-up question on the restructuring program, given the cash charges taken to date, my math suggests maybe there’s still say $45 million to $50 million of annualized savings here to come over say the next four to six quarters. Is that a proper estimate?
Forbes I.J. Alexander
Over the next four to six, yeah. When we announced the restructuring program, we talked about $55 million on an annualized basis, so yeah, I think just the mental math, I think you’re about right there, yes.
Shawn Harrison - Longbow Research
Okay. Thanks a lot.
Forbes I.J. Alexander
Okay.
Operator
Your next question comes from the line of Jim Suva with Citi.
Jim Suva – Citigroup
Great, thanks. Tim and Forbes, can you maybe help us better understand a little bit about the solar revenue opportunity, kind of when should we start to see these revenues come in? I assume it’s probably calendar, early part of calendar next year and also, how big of a revenue opportunity it is, the margins associated with it, and what type of capital commitments that you have for this, as we’re really not used to hearing much about the solar industry going to EMS but it seems like it’s the trend that’s probably actually going to accelerate.
Timothy L. Main
I think it’s a great long-term opportunity for us and I wouldn’t look at it as being a wide, wide departure from what our core business is. These are power generation panels. They are electronic in nature. They use our present factories. Some of the process technology is a bit different. Some of the machinery equipment is a bit different but the level of capital expenditure, for instance, relative to revenue is similar to what we would find in printed circuit board assembly, so certainly not distorted from a fixed asset investment or capital exposure. So we will defer much commentary on specifically the solar areas until later quarters as we kind of ramp into production and mature the relationships that we’ve developed in that area. Having said that, I think we are very excited about our presence in a wide range of clean tech industries which are, some of which are currently embedded in our industrial instrumentation medical segment. We talked about smart grid products, wind generation products, and adding this exciting opportunity in alternative power generation and solar technologies is really a part of a more broad-based effort to connect the company and connect our business to what we think will be a sustained, long-term robust growth in an area that will definitely employ our strong skill sets in global supply chain manufacturing and supply chain management. I think again, long-term, getting out of what’s going to happen over the next quarter or two, looking over the next two or three years, we’re very excited about our presence in that whole area.
Jim Suva – Citigroup
And then as a quick follow-up, on the after-market services, does that market tend to typically do a little bit better during a recession as people maybe try to upgrade their servers rather than replace new servers, or is your after market services just growing that much faster and should we look at it to continue to grow as a piece of the pie that you have?
Timothy L. Main
Yeah, we’ve had some interesting debates with our folks that run our after market services area and what the recession actually means. I mean, it’s true that people will repair products more often in a recessionary environment than buy new ones. On the other hand, there’s so much less new product flowing into the environment, people are buying 30% less products. Eventually you think that that would catch up to you. So we’re not sure. In the short-term, I think it’s probably good and I will say that our AMS division is doing an outstanding job in securing new programs and expanding their presence, so they are legitimately apples-to-apples growing their business significantly and doing a great job of running it.
Jim Suva – Citigroup
Thank you very much, gentlemen.
Timothy L. Main
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