Strange lights spotted over Fresno, California [May 27, 2010]

Here is an interesting video shot in Fresno, California yesterday morning (May 27, 2010) at approximately 5 AM that shows a pulsating red light flying across the sky followed by a second object that appears to be a helicopter (though the cameraman seems to think it is a second UFO). What interests me most about this footage is that you can clearly see the marker lights on the second object/helicopter where you cannot see them at all on the first pulsing object. In many UFO videos there is only the one unidentified object and even if you do not see marker lights, you still have to wonder if limitations in the camera are masking the tell tale marker lights. However in this clip, we have two craft in approximately the same area and on one we can clearly see its markers. This leads me to believe that the camera would have shown marker lights on the first object had they been there, indicating that the first object was not an aircraft operating under FAA regulations and may very well have been a UFO.