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Abbott Laboratories Message Board

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  • tolly56 tolly56 Dec 22, 1999 4:42 PM Flag

    Miles, How much $ from the 14 products?

    for employees of abt., can you inform them of the rate of return that ross contributes to abt. along with that figure, how about the remaining business units.

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    • I would if I could - ABT refuses to report these
      numbers - management doesn't have to either based on GAAP
      requirements - almost all other companies do though. But it's
      generally known that the margins of consumer
      pharmaceuticals is quite a bit under those of the commercial
      business units - just analyzed other pharmaceutical
      company financials.

      What's more important to
      question is Sr. Mgmt. does not report their financial
      information in this manner? It should be noted that this is
      NOT the fault of White or Parkinson (hopefully Mr.
      White will direct his CFO to change this. Duane Burnham
      is personally responsible for this deficiency in
      shareholder reporting, as ex-CFO and a CPA himself, he knew
      exactly the effects of disclosing this kind of info to
      informed investors. It would highlight anemic business
      units or product line segments and force him to
      directly address them which he obviously did not want to
      do. It would make the "diversified company" line
      harder to sell the Street.

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