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Biotech / Medical : Guidant (GDT)

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To: Lighthouse who wrote (195)	4/26/2002 11:18:03 AM
From: Lighthouse	Read Replies (1) of 235

"Guidant was awarded $158 million in damages plus interest and costs. The arbitration panel also granted an injunction against the sale of Medtronic AVE rapid exchange products in the United States. The Medtronic AVE products in dispute are not currently on the market because of a previous successful patent infringement suit brought by Boston Scientific." Well a back of the envelope calculation now put GDT's balance sheet at net cash neutral - for the first time in quite a while. (We were $175 M in the hole on March 31, 2002). Cheers,

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