Selling, general and administrative expenses, including foreign currency exchange rate gains and losses, for the three months ended December 31, 2008 were $97.6 million or 77.4% of revenues compared to $71.9 million or 32.0% of revenues in the three months ended December 31, 2007. Selling, general and administrative expenses, including foreign currency exchange rate gains and losses, for the year ended December 31, 2008, were $368.8 million or 51% of revenues, compared to $260 million or 30.0% of revenues for the year ended December 31, 2007.
On a non-GAAP basis selling, general and administrative expenses, excluding foreign currency exchange rate gains and losses, for the three months ended December 31, 2008 decreased approximately $13.3 million to $76.5 million from $89.8 million, excluding foreign currency exchange rate gains and losses, for the three months ended September 30, 2008 as a result of cost reductions actions in the following areas: · Sales and marketing; · Corporate sponsorships; · Trade shows; · Legal expense; · Consulting and contract labor; · Travel expenses; · Reduction of our global headcount; and · Reduction in our capital expenditures from initial plan levels.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
