Now that "oldwillie" has made peace with his buddy, we can get to the business of saving "flatrock" 20k. The building of a new plant in Nebraska likely makes as much sense as that testament to bureacracy they built in Franklin Lakes. It is all about Senior Management arrogance. They don't ever pay the price. The shareholders pay by having this no growth dog stuck at the same price it was 4 years ago.
Ask Kozy about the plant...he has been with BD forever. He will give you classic political "spin". Ask Cohen about no growth...you will get talk of futures...no execution. It took the new "bean counter" CEO a year to get his former boss off the Board. You know - the guy who has delivered nothing.
Senior Management at BD will continue to punish the many good people who want to do it well. It is just that - Management - not Leadership. And they keep a Board who protects them. Can anyone honestly challenge that.
Hey "flatrock" - $32 is no bargain. Better go elsewhere.
Fourramsfans, if you don't have anything constructive to say, keep your boring spelling lessons to yourself.
Anyway, I thought you had "strongly sold" therefore you don't have any business here.
In your very words: BETTER GO ELSEWHERE.
I thought the CEO was trying to get on the Biotech wave with only a few biotech products.
The majority of products seem to be slipping into the commodity category with syringes, needles, evacuated blood collection tubes and what's the story with the Consumer (Non Diabetes) and Labware business??? Surely these need to be sold off.
Can anyone tell me how successful the acquisition strategy has been? It seems to go very quiet after each announcement. I have seen a few acquisition announcements but not any the other way.
Have a great 2002
Not all diagnostic tests that have been developed involve biotech. BD Micro makes culture plates (plated media)and suspectibility testing (antibody discs), this is far from biotech and has been around since the days of Louis Pasteur. If you notice the way BD has broken out the businesses. Clinical diagnositic testing is not in the Bioscience group. I would agree that clinical diagnostics is benefiting from biotech (DNA amplifications, computer technology)but this is generally not thought of as biotech/life science research from those inside the ropes.
Mike, remember you are just punching the clock like every other hourly worker so you might not know everything about Biotech. But then again, remember the time when you said you had lunch with the CEO??........