Friday, June 22, 2007

Boston Scientific seen pursuing divestitures

(Reuters) - They also forecast that Boston Scientific, which recently
hired a new chief financial officer, Sam Leno, is poised to
announce big job cuts in the second half of this year as sales
in its key stent business wane.




"I think accelerates the whole process. He is
focused on operating margins, which are very depressed right
now," said Jeff Jonas, a portfolio manager at Gamco Medical
Opportunities Fund.


Read more at Reuters.com Mergers News

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