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C.R. Bard, Inc. CEO William Longfield talks to The Wall Street Transcript.


NEW YORK--(BUSINESS WIRE)--Dec. 23, 1998--The Wall Street Transcript has published an in-depth interview with William H. Longfield of C. R. Bard C. R. Bard, Inc. (NYSE: BCR) is one of the large S&P 500 companies of the United States, a surgical specialties and hospital medical device manufacturer in Murray Hill, New Jersey. It is named after its founder, who sold the company within only a few years of its founding. , Inc. (NYSE NYSE

See: New York Stock Exchange
:BCR BCR B Cell Receptor
BCR Business Communications Review (magazine)
BCR Banca Comerciala Romana (Romanian bank)
BCR Breakpoint Cluster Region
BCR Benefit/Cost Ratio
BCR Bay City Rollers
), in which he talks at length about his company's future.

He says, "Bard is a 90-year-old company. We achieved our reputation based upon our urological franchise, which is still one of the mainstays of our business. Today we are primarily in the urological, oncology, and peripheral vascular businesses, plus we have a very strong surgical specialties In all modern medical training programs, a surgeon must specialise in an area.

The exact number of recognized specialties depends on one's purpose in counting them. The following specialties are often described:
  • Cardiothoracic surgery
  • General surgery
 franchise. This past year we sold off our coronary vascular business. In those segments that are left, we're the market leader in most categories."

He explains, "We also have a product for the treatment of GERD GERD gastroesophageal reflux disease.

GERD
abbr.
gastroesophageal reflux disease


GERD 
. This is a whole new therapy for treating reflux disease, and the clinical studies so far on that product look excellent. We're also in clinical trials on a carotid carotid /ca·rot·id/ (kah-rot´id) pertaining to the carotid artery, the principal artery of the neck.

ca·rot·id
n.
 stent. So we have a number of new therapies we're working on and if just one of those hits, they could substantially change the growth profile of the company."

Looking forward, he states, "We think we can grow our revenue at least in the 8 to 10% range. We believe we can certainly grow at least 15% a year in net income. And we believe we can be the market leader in all the markets that we participate in."

To read the complete interview, go to http://www.twst.com/pdf/bcr.pdf. It requires Adobe Acrobat (tm) reader to view the document. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.

The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors for over 35 years. The Transcript publishes industry roundtables and interviews with Wall Street analysts, money managers, and Company CEOs, and is read by top money managers, brokers, and individual investors. For subscription information call (800) 246 -7673.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Business Wire
Geographic Code:1USA
Date:Dec 23, 1998
Words:320
Previous Article:Century to Acquire Alcoa's California Cast Aluminum Plate Business.
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