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Beckman Coulter's 4th Quarter and Full Year 2007 Revenue Grows 10.8% and 9.2%, Respectively; 2007 Earnings Per Share Beat Outlook
Date:2/8/2008

ine our Biomedical

Research Division and Diagnostics Division into a single company

structure. During 2006, we incurred charges of $13.2 million for

severance and other restructuring costs and $2.3 million for asset

impairment.

i) Roche Research and Development Charge - During the third quarter

2006, we paid Roche Diagnostic a license fee in the amount of $27.5

million for rights to certain technologies in the clinical

diagnostic field. The payment was recorded as a research and

development charge.

j) Pension Curtailment - During the third quarter 2006, we amended our

pension plans by freezing benefits for certain employees effective

December 31, 2006. As a result of this amendment, we incurred a net

curtailment charge of approximately $4.0 million.

k) Applera - In April 2006, a settlement was reached in a legal dispute

with Applera Corporation, and the parties granted royalty-bearing

licenses to each other for certain patents. Applera's Applied

Biosystems Group made a $35.0 million special payment to us, and we

will pay Applera $20 million over 10 quarters for rights to certain

technologies in the diagnostics market. As a result, we recorded a

$35 million gain and an $18.9 million research and development

charge in connection with this settlement in the second quarter of

2006.

l) Investigation Charges - During the second quarter 2006, the Audit

and Finance Committee of our Board of Directors oversaw an

investigation of claims made by a former employee. The Audit and

Finance Committee retained outside counsel and an independent

accounting firm to assist in the investigation and concluded that

the allegations were not substantiated and that ou
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SOURCE Beckman Coulter, Inc.
Copyright©2008 PR Newswire.
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