Bruce Cranna
Bruce Cranna
operations talking
They have been talking about streamlining operations and making their manufacturing more efficient. It's part of that story.
acquire business people
Most people in cardiology would say that more is better. If Abbott does acquire the Guidant business, there's very little overlap. There's probably not a lot of restructuring to come.
elephant room wants
That is always the elephant in the room with J&J. Everyone wants to know what is going on in M&A, and they're not saying.
bad gotten great low quarter
It wasn't a great quarter, but the expectations have gotten so low on J&J that a real ho-hum quarter is actually not a bad thing.
environment fairly given hospital lack visibility
It's more than fairly priced given the lack of visibility and a more constrained hospital (spending) environment.
bit earnings jump looks mostly sales side
It looks like they kind of scraped by. Earnings were in line. Sales were a bit light, mostly on the drug side of the business. It's nothing to jump up and down about.
ahead classic situation
It's a classic situation of expectations getting ahead of the story.
percent
Can we think of this as a 10 or 11 percent top-line story again? That's unclear.