We've reviewed the intellectual property issues and are comfortable proceeding with the transaction. We don't expect this issue to impact the transaction.
More Quotes from Paul Donovan:
Tax revenues are going to be lower. Fewer people will have jobs, fewer people will pay income tax, more people get unemployment benefits, so government spending goes up.Paul Donovan
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,
Paul Donovan
It was a very good quarter. We beat Wall Street consensus estimates for revenue, and we believe we met them for earnings.
Paul Donovan
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.
Paul Donovan
We believe this issue has no bearing on our proposed acquisition of Guidant. Unfortunately, threats of legal action are commonplace in our industry.
Paul Donovan
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