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J&J posts 33 percent loss for first-quarter

... J&J posts 33 percent loss for first-quarter Long-Term Archives (Paid) J&J posts 33 percent loss for first-quarter Wednesday, April 18, 2007 BY LINDA A.

JOHNSON Associated Press Johnson & Johnson, the health-care products giant, said yesterday its first-quarter profit fell 22 percent as a big charge for a recent acquisition offset record sales driven by last year's purchase of a stable of top consumer health products.

Still, J&J roundly beat analysts' expectations, sending its shares up 2.4 percent, with double the normal trading volume on the New York Stock Exchange.

The New Brunswick-based maker of contraceptives, contact lenses, prescription drugs and baby products, reported net income of $2.57 billion, or 88 cents per share, down from $3.31 billion, or $1.10 per share, in the first quarter of 2006.

Excluding a charge of $807 million for the February acquisition of Conor Medsystems, J&J said net income was $1.16 per share.

In the year-ago quarter, results were boosted by an after-tax gain of $368 million from the breakup fee J&J got after medical device maker Guidant backed out of an acquisition agreement and instead was purchased by Boston Scientific.

Analysts surveyed by Thomson Financial expected earnings per share of $1.05, on sales of $14.44 billion.

Sales totaled $15.04 billion, up nearly 16 percent, from $12.99 billion a year earlier.

"We view this quarter as a very strong one," analyst Glenn Reicin of Mor...

'im going to kill people at vtech today'

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Print Email 'im going to kill people at vtech today'An ominous warning, officials say, posted by the loner who would murder 32Los Angeles Times Article Last Updated: 04/18/2007 12:19:53 AM CDTRelatedVA TechBright lights extinguishedWas early victim's fate a question of timing?

Korean community expresses sorrow, shame over killingsHolocaust survivor lays down his life for studentsBLACKSBURG, Va.

- The 23-year-old student who went on a bloody rampage at Virginia Tech prepared the attack for weeks - buying two semiautomatic pistols and writi...

Shooter Started His Day As Usual, Suitemate Says

..."He was, like, normal," Grewal, a 21-year-old accounting major, said Tuesday, describing the ordinary start to what turned out to be an extraordinary day.

Grewal said he went back to sleep but, according to authorities, Cho stayed awake.

In fewer than five hours, Cho was dead, having killed himself after shooting 32 others to death at two locations on the Blue Ridge Mountain campus.

"He did not seem like a guy that's capable of anything like this," Grewal said.

A day after the deadliest gun massacre in modern U.S.

history, students, friends and officials were trying to understand how Cho, a 23-year-old senior who was majoring in English, came to kill.

It was a hazy picture of a man whose last note was a rant against rich kids and debauchery but who also appeared organized enough to secure weapons and stage his rampage.

School officials said Cho even had time to post a deadly warning on a school online forum: "im going to kill people at vtech today," they said he wrote.

The validity of the quote could not be independently verified.

The Chicago Tribune reported on its Web site that Cho left a note in his dorm that included a rambling list of grievances.

The note included rants against "rich kids," "debauchery" and "deceitful charlatans" on campus.

By about 7:15 a.m.

Monday, Cho had left his Harper Hall dorm for West Ambler Johnston dormitory.

There he went to see Emily Hilscher, described as a friend by officials.

Hilscher and the resid...

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