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Author: tennjed33 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 448  
Subject: S&P Views Date: 3/22/2004 7:44 PM
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Boston Scientific (BSX ): Reiterates 4 STARS (accumulate)
Analyst: Robert Gold

Boston Scientific provided an update regarding the progress of the recent U.S. launch of its Taxus Express2 drug-coated coronary stent system. During the first two weeks of the launch, the company says it booked Taxus revenues of $42 million, with about 92,000 units shipped. Preliminary figures suggest that Taxus sales in the first quarter will likely exceed the high end of Boston Scientific's $52 million to $75 million target. Still, S&P is keeping the total U.S. cardiology first-quarter sales estimate at $400 million, and is retaining the earnings per share forecast at 27 cents. S&P believes the shares remain compelling as the Taxus story continues to unfold. S&P's 2004 earnings per share estimate remains $1.65.
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