What...Andy, I might say that if you...we give you these backlog roll-off numbers. And in reality, we started quarter with an expectation, we are talking. J. Ray has got about 25 or 30 projects, it is not an infinite number of things we are dealing with, it''s some finite projects. And when we...and quite often the next 90 days if you look at the then backlog, it has an enormous change. It''s not the same projects in the same state. For instance, if we took a big chunk of backlog and in agreement with the customer moved it into ''09 and that backlog may have been, it may have been one that we talked about 90 days ago, but it''s gone for the rest of the year and some new stuff came in. And so, it''s a constantly moving thing and so, I think you can assume that some…through that plus the other fiscal assets were thrown at it over time we will improve and begin to hit closer to the target, but it is definitely a crowded calendar.

Andrew Kaplowitz - Lehman Brothers

I understand. That''s helpful. In Power Generation, obviously nice results on the quarter, but I noticed that your equity income from China swung to a modest loss in the quarter which you know it is material cost inflation in the Q. Will that continue or is there anything that you can do to sort of get the earnings back from the JV?

Bruce W. Wilkinson

I thing we haven''t refinanced to my understanding, and it''s interesting over there, we don''t have a lot of the risk that we have in this country because we don''t do construction, we are really just a manufacturer of the pressure parts, but the fact is as we do have some risk on material there that we don''t have here just because the way that the system works there, and China has had run-away costs, their inflation is highly publicized, we got caught by some of it. We also think there may be some potential recoveries that we can claim for that, we certainly are going to ask and try and believe we may have a real shot at that too so. I don''t view that as an ongoing permanent issue to be concerned about.

Andrew Kaplowitz - Lehman Brothers

Great. And then one more question, if I could. Looking into cash on the balance sheet, it is just down a little bit; you mentioned work-off of advance payments, that''s very reasonable. When you go forward, do you see the cash balance starting to rise again as you book these projects because I notice there is a couple of costly contracts in progress that have to risk that up a bit. Is that just because you are doing a lot more contracts in the field nowadays and that''s really what we are seeing?

Michael S. Taff

Andy, this is Mike, I think overall, I mean overall what you are seeing is just kind of the ebbs and flows of the types of contracts that we''re booking. As we move more to a unit rate type basis on some of the J. Ray projects, we just tend to be a more of cash neutral type contracts and just was only bringing in our profit and depreciation. So, in general it is just kind of...it depends on the kind of mix of the projects in the portfolio but it''s nothing we are overly concerned about. I mean I think you will see...continue to see us invested in the things we have invested in the past, which is CapEx working on our under funded pension position. We''ve announced the three acquisitions in that $200 million range. So we will be using those funds over the next two quarters. In addition, continued investing and some R&D efforts primarily at B&W.

Andrew Kaplowitz - Lehman Brothers

Great. Thank you. I''ll get back in queue.

Operator

And our next question will come from the line of Stephen Gengaro with Jefferies. Please proceed.

Stephen Gengaro - Jefferies & Company

Thanks. Good morning, gentlemen.

Bruce W. Wilkinson

Good morning.

Michael S. Taff

Good morning, Stephen.

Stephen Gengaro - Jefferies & Company