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2013年12月11日星期三
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2013年12月10日星期二
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2013年12月9日星期一
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2013年12月5日星期四
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Boston scientific unit cheap beats by
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uk as long Reuters confirmed on thursday that the company, struggling from a
costly product recall and still under a mountain of debt in the wake of its 2006
acquisition of guidant corp, is exploring the possibility of Selling its pain
management and neurovascular intervention businesses. "I don't want to say
they're desperate to Sell, so i'll say there is a great need to do it,"Goldman
sachs analyst davidRoman said in an interview, noting that its 2011 liabilities
outweigh sources of cash. "For all we know,(Ceo ray elliott)May have bankers
breathing down his neck,"Roman said. "I don't think this a proactive change in
strategy for him.I just think it's the reality of the situation. "Shares of
boston scientific, which generates more than half its revenue from implantable
heart rhythm devices and heart stents, fell 1.3 percent on Friday after rising
initially when the news was first reported late on Thursday.The company's pain
management, or neuromodulation, business is widely viewed as the more attractive
of the two because of its potential future growth.The neurovascular intervention
business makes devices to treat vascular diseases of the brain and generated
sales of $348 million last beats by dr
dre studio black year.Analysts say the unit could fetch $800 million to $1
billion.Selling these two units could raise net proceeds of $2.2 billion to $2.4
billion for Boston Scientific, according to JP Morgan analyst Michael
Weinstein.Neuromodulation using electrical pulses to stimulate the spinal cord
or even the brain is among the most dynamic and fastgrowing areas of the medical
technology sector.Jude are seen as possible bidders for the neurovascular
intervention business.Analysts say the move illustrates how stretched the
company really is.Boston scientific needs to refinance $2.4 billion in 2011 and
many fear the company will breach its covenants if it does not do something to
raise cash.The company's shares hit a year low of $6.31 last month on news of
the ICD recall, and have lost nearly half their value since trading at $11.77
last August.On friday, the shares traded at $6.89.Roman noted that in the past,
management had characterized the neuromodulation business as an important
strategic growth business.With the exception of its endosurgery business, boston
scientific is losing share in the remaining businesses, said roman, who has
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2013年12月2日星期一
beats headphones storm the barricades Cable wireless' shareholders
C backers ready to beats headphones
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yesterday, demanding that the struggling telecoms giant speed up its acquisition
programme or else return some of its billion cash pile to investors. The news
comes less than a week after the company released a shock profits warning which
sent its shares reeling.Yesterday cable wireless shares fell 1.5 to 454p, their
lowest level since December 1996. David manning, at shareholder foreign
colonial, told reuters: "Any company with large amounts of cash has to put
forward a compelling case that it can do more with the money than the
shareholders. " Iain brown, of morley investment managers, another shareholder,
said: "So far, c have done broadly the right things, and bought businesses in
which they see longterm returns.However, if they don't see anything that gives a
return, we would expect them to give us money back. " City analysts joined the
chorus of disapproval.Chris godsmark at investec henderson crosthwaite, said:
"The company should give shareholders their money back.The reality is that the
company's implementation of the strategy hasn't worked and it is not clear it is
going to. " Last november, at cable wireless' interim results, chief executive
graham wallace indicated he would be prepared to return cash to investors if
they demanded it.However, he then said that the money would be better invested
in new businesses. Pressure is now greater than ever on the previously
highlyregarded wallace, however, because of the profits warning and subsequent
reports that the company is planning to postpone some of its major investments,
including the construction of a $1.4 billion fibreoptic network in Japan. The
group is also expected to get a hefty cash windfall from the sale of cable
wireless optus, the australian business of which it owns 52.5pc.The sale is
close to completion, with vodafone and singapore telecom among the bidders.
Cable wireless could return its cash by a special dividend or by a share
buyback.Yesterday, one fund manager was also reported to be calling for the
company to be broken up completely. "We need to have a long, indepth chat with
management about growth projects they want to spend money on,"The fund manager
said. "If they don't have a clear plan, we would expect all our money back, and
a winding beats by dre uk up of the
company. " In contrast with most large telecoms companies, who are deeply in
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Sale third generation mobile licences, c has a strong cash position. The
company sold its stake in one2one to deutsche telekom and was thus spared the
billion uk auction for high speed mobile internet licences.It has sold other
noncore assets, such as a majority stake in hong kong telecom, as part of
wallace's strategy to focus solely on business customers.
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