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Boston Scientific Announces Results for Fourth Quarter and Year Ended December 31, 2007
Date:2/4/2008

ted with the Company's

acquisition of Guidant; the fair value adjustment related to the

sharing of proceeds feature of the Abbott stock purchase; the step-up

value of acquired Guidant inventory sold during the period; the AAA

program cancellation net credit, which consisted of a credit to

purchased research and development and facility and severance costs

associated with the program termination; a CRM technology offering

charge to make available the Latitude(R) Patient Management System;

costs that resulted from certain business optimization initiatives

following the Company's acquisition of Guidant; and a charitable

contribution. Purchased research and development is a highly variable

charge based on valuation assumptions. Management removes the impact of

purchased research and development from the Company's operating results

to assist in assessing the Company's operating performance and cash

generated from operations. The loss on assets held for sale represents

charges associated with the sale of certain components of the Company's

Neuromodulation business and its Cardiac Surgery and Vascular Surgery

businesses, and is not indicative of future operating performance and

is not used by management to assess operating performance. The

integration costs associated with the Company's acquisition of Guidant

do not reflect expected on-going future operating expenses. The fair

value adjustment related to the sharing of proceeds feature of the

Abbott stock purchase is a non-cash adjustment and is not indicative of

the Company's on-going operations. The step-up value of acquired

inventory is a cost directly attributable to the Guidant acquisition

and is not indicative of the Company's on-going operations, or on-going

cost of products sold. The
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SOURCE Boston Scientific Corporation
Copyright©2008 PR Newswire.
All rights reserved

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