i know you're still reading this and you're gonna
get rich like the rest of us. I really miss your
messages. I think 51 days is long enough to boycott us.
Come on back and bring "akalifgirl"
with you. You
both had a lot of good information. Mtc/soi retiree
I thought all of you might like to see this
excert from todays Wall Street Journal. Do you think
there is any chance for MERCK/MONSANTO merger even
though they are rivals? Could there be a problem with
monopoly on the COX drugs? What a company this would
Merk acknowledged it faces more competitive threats
than ever, but said it has enough new products in its
pipeline to over-come these hurdles. One problem: Its
top-selling product, the cholesterol medication ZOCOR, has
lost market share to a more powerful cholesterol drug
introduced last year, Warner-Lambert Co.'s LIPITOR. (I
personally use LIPITOR)
Moreover, several of the
company's other big sellers, including the blood-pressure
drug VASOTEC and the antacid PEPCID, will lose patent
protection in the years 2000 and 2001, almost certainly
resulting in vigorous competition from cheaper generic
rivals. Investors are watching carefully to see if Merck
can come up with new drugs to keep revenue growth
Some investors have even speculated that
Marck could be forced to merge with a rival if growth
slows, even though the company has repeatedly said it
hasn't the slightest interest in a merger.
company touted new clincial trial data for its
experimental painkiller VIOXX, which is under Food and Drug
Administration review. The company said tests showed
conclusively the prescription drug had a much lower rate of
causing dangerous stomach ulcers than existing
painkilling drugs, such as ibuprofen. The studies could prove
a big advantage in a long-awaited marketing
showdown between MERCK and MONSANTO CO., which is
developing a similar new painkiller called CELEBREX, also
under FDA review. Both VIOXX and Monsanto's drug are
expected to be blockbusters, with annual sales of $1
billion or more each.
Maybe many a great CEO have kicked out the door
in the steel industry where it takes four years to
get a 40% gain. But if your willing to invest in life
sciences CO, which can flip inside out at any minute, you
got to be willing to take the ups and downs, and you
can not blame Shapiro for a great idea that turned
had known you, it certainly would have been
titled The Buggerpan's Prayer. I do congratulate you for
getting away from animal references though. Once again
you prove the only intelligent, eloquent thought you
know is what you can plagiarize. Just compare the last
four quoted lines of your post to the resting of the
Isn't it about time for you to
head to another company's message board and report
that you heard a rumor their company is going to take
Yes he "botched" the deal and lost shareholder
value, but you may take some solice in the following
Harvard Business Review is planning
to review as part of its case studies the recent
failure of the acqusition of MTC by AHP.
sources close to the actual article "doing a Bob" may
forever be synonymous with mismanagement. eg. CEO's will
refer to bombed advertising campaigns as "doing a Bob"
and instead of firing employee for "cause" they will
be fired for "doing a Bob." Students that fail a
test will say they "did a Bob".
will probably move into day to day life as kids who
break windows...."did a Bob".
Wives that smashed the
car will tell their husbands they "did a
Strange smells coming from the back of crowded car will
be greeted with..."who did a Bob". And of course the
father who picks up the newspaper and heads into the
bathroom will be on his way "to do a Bob".
bears no balsam for mistakes;
Men crown the knave,
and scourge the tool
That did his will; Thou, O
Be merciful to me, a fool!"
FILL IN THE REST
It is obvious that we do not have the same frame
of refrence. While I did indeed understand Med_News
coments I was stating my disagreement with the arguement
he was using.
As to stock price going up if
Bob was sacked, I doubt it, although with the way MTC
reacts to news items there is no telling. Nor did I ever
indicate it would. My comments had to do with
responsiblity, honor, and other old fashion ideas.
would suggest that we concentrate on the direction of
the company and less on venting personal attacks upon
<What should be done when stockholder value
drops 40%? Many a great CEO has been shown the door for
So, you think the stock price
would rise if Shapiro resigned? I sorta doubt it
<As to your personal attack on my understanding of
the written word>
I merely pointed out that
your response was a non-sequitor as Med_News had
already qualified why 10% wasn't that bad, even though it
looked poor relative to overall stock market
performance. Your responsed indicated you did not read it, did
not comprehend it, or chose to ignore it. I assumed
you would not knowingly ignore it and pretend it
I apparently was wrong. Though I'm
flattered that you consider me Presidential material. I
heard the job has some good side benefits.
While Med_news wrote that 10% was not great he
went on adding a qualifing statement that tried to
justify it as acceptable.
What should be done when
stockholder value drops 40%? Many a great CEO has been shown
the door for much less.
As to why Bob is
responsible, in the words of another great missourian "THE
BUCK STOPS HERE"
As to your personal attack on
my understanding of the written word. I find such
low level tactics the province of those who have
little to say or reside in the White House.
I can see how you might have problems as you seem
to have difficulty with the written word. Med_news
"And the "real" stock performance, was
from the December, 1997 number of around $39/40 to the
current value of $43. While a less than 10% rise is not
great, it was accomplished while doing major positioning
for the future with the seed companies."
replied, "A 10% gain might be great if we were in the
steel industry or a overall down year."
question. Which word of "not great, accomplished while
doing major positioning for the future.." did you not
You also said, However, I guess I am still old
fashion to believe that a man should take responsibility
for his mistakes."
What do you propose?
Flagellation? Resignation? A person letter to you? No, I think
having him work hard to get the stock up to $250 in the
next five years would be a good enough "punishment"
for me. However, I an envious that you were privy to
all the merger action such that you know the merger
failing was Shapiro's fault... I can think of few others
who really know what happened.
A 10% gain might be great if we were in the steel
industry or a overall down year.
But Monsato is
"life Sciences" pushing the sizzle means that
expectations are also higher.
Likewise Bob is the #8
highest paid CEO in the nation. As such he should be held
to a high standard. Just like he does his
However, I guess I am still old fashion to believe that a
man should take responsibility for his
Wether you were in favor of the deal or not, Bob decides
to pursue the merger spent considerable resources on
it before dropping it. As a result we lost "time"
the most valuable and irreplaceable