“I do think that the risk to cancellations increases as the year progresses”

In context

“Keith Jensen (Chief Financial Officer): Yes, I think in the guidance particularly as we look at the full year, it's kind of difficult to figure out exactly which quarter some of that backlog is going to end up in or be canceled. But for the full year, I think we talked about low single-digit growth that would be coming from the backlog. I do think that the risk to cancellations increases as the year progresses, and by that I mean if a customer has only been in backlog for a week or a month or something like that, there seems somewhat less probability that they're going to cancel. But the longer it takes to deliver on that backlog, I think the cancellation risk continues to increase.”