31 ordspråk av Paul Donovan

Paul Donovan

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We should have things re-stocked in a few weeks.

We've reviewed the intellectual property issues and are comfortable proceeding with the transaction. We don't expect this issue to impact the transaction.

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.

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.

We will recommend changes designed to ensure that the final regulation preserves the fullest possible beneficiary access to innovative technologies and therapies.

It was a very good quarter. We beat Wall Street consensus estimates for revenue, and we believe we met them for earnings.

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,

The main focus this week is what the beige book is saying about the consumer sector in the U.S. because the consumer is absolutely crucial to the performance of the US economy over the course of this year - and that of course means the performance of the global economy.

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.

It reduces the standard of living for Americans because the cost of imports is going up. Americans have to work harder to buy a tank of gas [and other imported goods], so real household income is in decline.

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.

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.

What's happening is that consumers are worried about losing their jobs, and if consumers worry about losing their jobs, they spend less money -- so the economy slows down, so they lose their jobs -- it's a vicious circle.

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.

So far [investors] have been happy to do this but people are questioning whether it will continue.

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