John Putnam
John Putnam
John Francis Putnamwas the art director and designer of Mad from 1954 to 1980. "Until John came to us, Mad was just a comic book," said publisher Bill Gaines following Putnam's death. "He joined Mad as a $75 a week temporary employee, and was the oldest member of the staff both in terms of age and time with the magazine."...
behavior boston came certainly closer dangerous playing price rational worth
When J&J lowered the price and came in at $63 a share, it was probably closer to what is the real worth of Guidant. The only thing I can say is this behavior, certainly the behavior of Boston Scientific, is not rational here. I just think they are playing a very dangerous game.
certainly indicative serious
It's certainly not positive. It's certainly indicative of a more serious problem.
correct franchise question sustained victory whether
It's a victory for J&J, ... I think it's a recognition that Guidant's franchise has at least sustained some near-term damage. Whether they can correct that and when they can correct that is going to be a question going forward.
boston knows maybe might net pulling reflect safety scientific situation
It might reflect that Guidant knows that it has some troubles, and it may see a safety net here. Maybe Boston Scientific has signaled to Guidant that the situation has too many problems, and it may be pulling back.
base grow growth hard huge large line top
They still need to look to do as large an acquisition, with as much growth, as possible. It's a huge company, and it's hard to get the top line to grow because the base is so big.
paid until
They paid an egregious amount. There's going to be dilution until 2010.
bid discipline financial known originally potential
For them to bid more than they originally bid would have signaled to other potential acquisitions that they didn't have the financial discipline they've always been known for.