Paul Donovan
Paul Donovan
expect impact issues property reviewed
We've reviewed the intellectual property issues and are comfortable proceeding with the transaction. We don't expect this issue to impact the transaction.
believe close
We believe we can close by the end of March.
alter belief manageable news
We factored in the possibility of something like this happening. This news is manageable and does not alter our fundamental belief in Guidant's long-term potential, which is significant and very much intact.
few
We should have things re-stocked in a few weeks.
belief economy home investors japanese money overseas seeing work
We are seeing a belief that the Japanese economy is recovering. The Japanese are going to keep their money at home and overseas investors are going to put more to work in Japan.
actual behind bit changes economic picking proper taking
That's important because the actual proper economic indicators are getting a bit behind the times in picking up the changes that are taking places,
chance cycle happen interest quite rate reasonable reduction
I think there is a reasonable chance we will see another interest rate reduction before the cycle is over, but I don't think it is going to happen quite yet.
bigger cost dominate less margins profit remain
Rear-projection technologies will undoubtedly dominate from 50 in. onward. The incremental cost of making them bigger is much less and profit margins remain higher.
accelerate business combine expand footprint further innovators leading medicine natural resources rhythm strategy
If successful, we would combine the resources of two of the leading innovators in cardiovascular medicine and would expand our footprint into cardiac rhythm management. The Guidant acquisition is a natural outgrowth of our strategy to further diversify our business and accelerate growth.
attention behind close developing direct full matter pleased products
We're pleased to close this chapter, and put this matter behind us. We can now direct our full attention to developing our life-saving products and technologies.
commission issues material number order potential request resolve
The issues that we addressed in our commitments were not material ones. At the request of the commission we made a number of commitments in order to resolve potential antitrust issues, as did Abbott.
backing bigger console driver dvd fine games market pc recorder ultimately
The DVD recorder and games console market will be a much bigger driver than the PC market. A PC is fine for writing a movie or backing it up, but ultimately you want to play it on a DVD player.
believe close commission conclude date due easter europe few goal holiday pushes review week
The Easter holiday in Europe pushes the due date back a few days, but we still believe the Commission may conclude its review before that date, and our goal is still to close during the first week of April.
economy european pause perhaps position stronger time
The U.K economy is in a stronger position than many European economies, and perhaps now is the time to pause for a bit,