Bruce Nudell
Bruce Nudell
billion cash financial surprised tremendous
I would not be surprised to see J&J come back. They've got $16 billion in cash at the end of 2005. They have tremendous financial resources. It's up to them.
bearing brunt
Really, Abbott is bearing the brunt of this.
ahead boston cash run
At the end of the day, Boston is going to run out of cash ahead of J&J. Boston's really going to have to go for broke.
J&J is flexing its muscles. That's why J&J has come back so aggressively.
element
I think that there was an element of tiredness with all the recalls.
bad boston buy cold conversation driven news people perception solely stock whether worried
Guidant stock is really going to be driven solely by the perception of whether the news is bad enough not to buy it. You've got people getting worried that Boston may get cold feet. That's what the conversation is going to be about.
boston feels move redefining
I just don't think this is over yet. Boston really feels this is a redefining move for them.
below painted position price themselves
They have painted themselves into a corner. They have articulated a position and set a price that is well below $72, so it is going to be tough.
share
The lion's share of what will be divested is going to Abbott.
test
It's going to be a test of wills.