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Boston Scientific Announces Results for Fourth Quarter and Year Ended December 31, 2008
Date:1/28/2009

cluded sales from divested businesses of $7 million, as compared to net sales of $2.152 billion for the fourth quarter of 2007, which included sales from divested businesses of $145 million. Excluding the impact of foreign currency and sales from divested businesses, net sales increased two percent over the prior period.

Worldwide sales of the Company's CRM products for the fourth quarter were as follows:


    (in millions)               U.S.      International     Worldwide
                           2008    2007  2008       2007 2008       2007
    ICD systems            $299    $266  $128       $130 $427       $396
    Pacemaker systems        84      81    60         67  144        148

    Total CRM products     $383    $347  $188       $197 $571       $544

Worldwide sales of the Company's coronary stent systems for the fourth quarter were as follows:


    (in millions)                  U.S.      International     Worldwide
                               2008    2007  2008      2007  2008       2007
    Drug-eluting               $231    $224  $198      $211  $429       $435
    Bare-metal                   18      26    29        35    47         61

    Total coronary stent
     Systems                   $249    $250  $227      $246  $476       $496

Despite the Company's strong financial performance, changes in CRM market demand since our acquisition of Guidant - coupled with the recent disruptions in the credit and equity markets - have caused us to write down $2.7 billion of goodwill associated with the acquisition. This is a non-cash charge that has no impact on our debt covenants. The amount of the charge is subject to finalization during the first quarter of 2009.

"This write-down in no way diminishes our confidence in our CRM business," said Tobin. "CRM is growing, it is taking market share, and it will be a key
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SOURCE Boston Scientific Corporation
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