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Subject:  Thomas to retire Date:  12/12/2005  7:36 PM
Author:  DatabaseBob Number:  3 of 24

This came from Yahoo!

This also, by the way, is my first post ever.

FoxHollow CEO Robert Thomas to Retire
Monday December 12, 6:24 pm ET
Robert Thomas to Retire As FoxHollow Technologies CEO; Co. Reaffirms 4th-Quarter Revenue Outlook

REDWOOD CITY, Calif. (AP) -- FoxHollow Technologies Inc., a maker of medical devices used to treat artery disease, said Monday its president and chief executive, Robert W. Thomas, will retire Jan. 1, 2006.

Thomas will be replaced in an interim basis by FoxHollow's founder and chairman, John Simpson, the company added.

FoxHollow's shares dropped $3.11, nearly 7 percent, in after-hours activity on low trading volume, after closing down 32 cents at $46.12 on the Nasdaq. The stock has traded between $22.05 and $55.20 during the past 52 weeks.

FoxHollow also reaffirmed its fourth-quarter revenue guidance, in the range of $40 million to $42 million, and its full-year revenue outlook between $126 million and $128 million.

Analysts, on average, are expecting sales of $43.4 million for the fourth quarter and $129.4 million for the year, according to a Thomson Financial poll.

The company said Simpson plans to give up his role as chairman but remain on the company's board when he begins to serve as interim CEO. Simpson credited Thomas, who will remain a consultant to the company, with moving the company from a startup to a fast growing player in the market for treatment of peripheral artery disease.

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