Despite the quake and tsunami's devastating impact, only a small portion of Volcano's business is in the most affected region, President and Chief Executive Scott Huennekens said. "It's not really that material," he said, speaking in an interview on the sidelines of the American College of Cardiology's annual conference.
Analysts are expecting sales in Japan to rise at least 25% again this year, eclipsing $100 million. Only about $8 million of that is in the most affected part of Japan, where all but one hospital have still been doing procedures in recent weeks, Huennekens said.
Meanwhile, results after the bell from Qualcomm (Nasdaq: QCOM - News), F5 (Nasdaq: FFIV - News), and Apple (Nasdaq: AAPL - News) seem to indicate that fears about the impact of Japan on the supply chain may be somewhat overblown.