PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 25.48

-1.3%

9:39 AM EST

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To: Stuart Carmichael who wrote (7497)	4/23/1999 6:21:00 AM
From: BigKNY3	Read Replies (2) of 9523

CEO Expects Viagra Sales To Reach $1 Billion for '99 04/23/1999 The Wall Street Journal Pfizer Inc. Chief Executive William Steere told shareholders at the drug maker's annual meeting that he expects Viagra sales to reach $1 billion for 1999. For the first quarter, the company reported Viagra sales of $193 million, down 18% from $236 million in the fourth quarter. But company officials expect a rebound in Viagra sales, in part because of the product's recent introduction in Japan and Canada. Mr. Steere also said the company has 180 research projects under way and expects to spend a hefty $2.8 billion on research and development in 1999. Separately, Pfizer's board approved a 3-for-1 stock split, payable June 30 to shareholders of record on June 2. In New York Stock Exchange composite trading, Pfizer rose $4.9375 to $128.3125.

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