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

facility and severance costs related to the

AAA program cancellation do not reflect expected future operating

expenses. The CRM technology offering charge represents a one-time cost

associated with making this technology available to existing patients

and the cost is not indicative of future expenses associated with the

technology. The business optimization costs do not reflect expected

future operating expenses and Boston Scientific management excludes

them in assessing current operating performance. The charitable

contribution does not reflect expected future operating expenses.

Accordingly, management excluded these charges for purposes of

calculating these non-GAAP measures to facilitate an evaluation of the

Company's current operating performance and a comparison to the

Company's past operating performance.

-- Restructuring charges -- These expenses primarily represent employee-

related termination benefits, asset write-downs and other costs

associated with the Company's restructuring initiatives. These expenses

are not indicative of the Company's on-going operating performance and

are excluded by management in assessing the Company's operating

performance, and are also excluded from the Company's operating

segments' measures of profit and loss used for making operating

decisions and assessing performance. Accordingly, management excluded

these charges for purposes of calculating these non-GAAP measures to

facilitate an evaluation of the Company's current operating performance

and a comparison to the Company's past operating performance.

-- Litigation-related charges -- These charges are attributable to

estimated potential losses associated with patent litigation involving

the Company's interventional cardiology business. These amount
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SOURCE Boston Scientific Corporation
Copyright©2008 PR Newswire.
All rights reserved

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