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Orthopedic and Dental Industry News

December 2004

Biomet (BMET:NASDAQ) Reports 2Q:05 Adjusted Earnings of $0.38 which is In-line with Analyst's Expectations. BY JOHN CHOPACK, DECEMBER 20, 2004

BMET reported adjusted earnings-per-share of $0.38 during the 2Q:05 which was a 19% increase over the 2Q:04. The adjusted earnings do not include certain non-recurring costs associated with the acquisition of Merck KGaA's interest in Biomet Merck and the acquisition... more

The Night Before an Orthopedic Christmas BY ROBIN R. YOUNG CFA, DECEMBER 20, 2004

'Twas the night before Christmas, when all through the industry Not a creature was stirring, not even Zielinski; The lights were hung round Warsaw, Memphis and Kalamazoo with care, In hopes that St. Nicholas soon would be there; The CFOs... more

Wright Medical Holds Annual Analyst Guidance Call - The Future is Bright BY JOHN CHOPACK, DECEMBER 13, 2004

Wright Medical (WMGI:NASDAQ) held its annual analyst guidance call to provide management's outlook for sales, earnings and product trends for the 4Q:04, year-end 2004/2005 and 2006. The forecasts, we think, look strong: 4Q:04 - The Company has reaffirmed its October... more

The John Brown Era Comes to an End at Stryker BY ROBIN R. YOUNG CFA, DECEMBER 13, 2004

He doesn't look old enough to retire. And when he started, he didn't look old enough to be CEO. Yet 27 years after becoming Stryker's CEO, John Brown is letting go and stepping down. The man walking in the door... more

Symmetry Medical Completes Public Offering BY JOHN MCCORMICK, DECEMBER 13, 2004

The markets are open for business for orthopedic IPOs! Two weeks ago biodegradable implant manufacturer Inion raised '30 million on the London Stock Exchange at valuation of 19x revenue. Orthotics manufacturer Langer also announced a secondary offering to raise $30... more

DJ Orthopedics Reiterates 4th-quarter Revenue Outlook BY JOHN MCCORMICK, DECEMBER 6, 2004

Last week, dj Orthopedics Inc. (NYSE:DJO) management team held an analyst's day where they reiterated their guidance on their 4Q:04 forecast for revenue in the range of $65 million to $67 million. According to Reuters, the analysts consensus revenue estimate... more

Falling Dollar's Impact on Q4 Sales Greater Than Originally Forecast BY ROBIN R. YOUNG CFA, DECEMBER 6, 2004

Seventy percent of the sales days in this quarter are now history. Wall Street's analysts are forecasting that sales for four of the largest orthopedic companies will come in at $2.478 billion, combined, in this final quarter. They will almost... more

Langer Announces Stock Offering BY JOHN MCCORMICK, DECEMBER 6, 2004

Last week, orthotic and prosthetic device company Langer, Inc. (Nasdaq: GAIT) announced that it was filing a registration statement with SEC to facilitate a 5,000,000 share offering to (i) pay down more than half of its $35 million in debt... more

The Shot Heard Around the World: Inion goes Public BY JOHN MCCORMICK, DECEMBER 6, 2004

Europe stole the headlines last week when Finnish implant manufacturer Inion (LSE: IIN LN) went public raising £30 million (US$58 million) on the London Stock Exchange. Immediately following the offering, valuation shot up 30% to a staggering 19x estimated 2004... more


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