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Boston Scientific Announces Results for Fourth Quarter and Full Year Ended December 31, 2010
Date:2/1/2011

d acquisitions and a divestiture," said Ray Elliott, President and Chief Executive Officer of Boston Scientific.  "These acquisitions add promising new technologies to our portfolio and bolster our internal pipeline, which we expect will deliver more than 150 new products through 2015.  Proceeds from the divestiture of our Neurovascular business provide us with increased flexibility to fund acquisitions and pay down debt.  Nevertheless, we expect 2011 to be a difficult but necessary transition year in part driven by a worsening pricing environment and uncertainty in procedural volumes."

Fourth Quarter 2010 Net sales for the fourth quarter of 2010 were $2.002 billion, as compared to net sales of $2.079 billion for the fourth quarter of 2009, a decrease of 4 percent on both a reported and constant currency basis.

Worldwide cardiac rhythm management (CRM) net sales for the fourth quarter - on a reported basis - were as follows:(in millions)U.S.InternationalWorldwideQ4 2010Q4 2009Q4 2010Q4 2009Q4 2010Q4 2009   Defibrillator systems$

273$

307$

150$

142$

423$

449   Pacemaker systems74826776141158Total CRM products$347$389$217$218$564$607Worldwide coronary stent system net sales for the fourth quarter - on a reported basis - were as follows: (in millions)U.S.InternationalWorldwideQ4 2010Q4 2009Q4 2010Q4 2009Q4 2010Q4 2009   Drug-eluting stent systems$

187$

205$

190$

206$

377$

411   Bare-metal stent systems91223303242Total coronary stent systems$196$217$213$236$409$453On a GAAP basis, net income for the fourth quarter of 2010 was $236 million, or $0.15 per diluted share.  These results included acquisition-, divestiture-, litigation- and restructuring-related net charges; discrete tax items; and amortization expense (after-tax) of $77 million, or $0.05 per diluted share, which consisted primarily of:

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