I'm really not sure where everyone is getting this idea that the earnings outlook was negative. From listening to the call it seemed to me that they were clearly projecting 2013 earning based off worst case scenario sales and no new opportunities captured. Additionally, they mentioned several times the expected increase expenses as a result of the numerous pipeline drugs which they hinted would have a lot of action this year. In my opinion the earnings outlook was very positive for the future.
the key word you used was future. I agree the future is positive. The discussion is how far in the future. The general revenue guidance for next year had a negative bias. This is the short term future.