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April 29, 2011     Post-Gazette
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Page 4 POST-GAZETTE, APRIL 29,2011 FinanciallyS peaki n g Ben ooherty Vertex Pharmaceutical's is getting approval on a new drug aimed at cutting Hepa- titis C as the company has consistently made money. The company has hired over 200 people and now has over 1,800 employees, 25% more than last year. If it gets final approval in May as expected, it currently has 150 job openings and will add which includes $60 million from the sale with clinical trials to treat cystic fibrosis. They have millions of patients waiting for a drug that will save their lives. Vertex's market value has climbed to $8 billion based on projected earnings of $3.3 billion start- ing in 2012. The drug is a very significant advance over existing therapies. Hep- atitis C is believed to kill 10,000 people a year, many of whom develop cancer or Cirrhosis's of the liver. It may be carried by one mil- lion people in the U.S. and 100 million world-wide. It promises to shorten the duration of treatments for a large number of patients. This will grow the com- pany's foot print and create capital. Stocks up on slow trading, making moderate gains on reduced volume. The S&P500 and the NYSE com- posite added .5%. Prici Lowe is making new highs as vol- ume decreases. NetFlix jumped 3%, but volume was 8% below average. China's Siha was 10% off its high on Thursday, as Goldman Sachs down-graded the stock to sell PROFITS, ARE MIXED from neutral. For the week, the NASDAQ gained 2%, the S&P500 1.3% and the NY Composite fell 1.5%. Cost pressures up, but trendy chains have pricing power. For instance, Tiffany and other upscale stores. These stores can absorb the costs and hurt thin margins on higher prices off the expense of sales from strained customers. But popular upscale firms can hike prices without losing sales. Decker's Outdoors and Coach yield enough power to raise prices without a big impact. The surge in cotton futures is being felt. Tiffany sells exclusive products that tend not to be price con- scious. Decker's will hike prices again this year to off- set higher costs. The fash- ion footwear company's stock is in demand, the fash- ion footwear company could raise costs of its Ugg boots by $30 a pair and its loyal customers wouldn't hesitate to pay. Tiffany knows it doesn't have unlimited pric- ing policy but its strong prof- itability means it can take a modest hit. United Health's reversed a one year decline. Revenues rose 10% to 25.4% and sees full year EPS of $41/share on revenue of $i01 billion above views. Shares leaped 8% to $47.81. Schumberger, the #1 oil field revenue jumped 51% to $8.72 billion below forecasts of $8.82 bil- lion. The company sees higher oil prices sparking more spending on increased customer demand. It rose to 989.78. Polycom, a maker of video conferencing technology said its Q1 EPS leapt to .48, .06 better than expected. Ultratech, a chip and nano- tech equipment maker said EPS rose 27.8% to .30e/share beating views. Shares rose 72% to $47.4 million and EPS rose to $30. Verizon sold 1.3 million iPhones in the first quarter from February I IQ 906,000 subscribers who signed con- tracts will be ahead of the 888,000 expected. Wireless revenue rose 10% to $16.9 million, while data revenues rose 22% to $5.5 billion. Verizon's stock fell 2.3% as the company spent heavily to promote the first Apple iPhone it sold. 60% of the Verizon phones sold in this quarter were iPhones. Verizon is rolling out its broadband 4G wireless net- work. Each customer that upgrades to 4G LTE will pay an average of $30 a month more. Travel Zoo shares jumped 28% on sale increases; jumped 30% to $37 million ahead of analyst reviews of $33.4 million. The stock is rated buy. Its subscriber hit 888,000 million, mostly in Europe. Revenue from Europe's subscribers count surged this year to 29 mil- lion up 11% from Q4 2010. Europe's revenue surged 53% from $9.4 million. It's time to call your financial advisor or call me 617-261-7777. Boston Water and Sewer Is Coming to Your Neighborhood A Boston Water and Sewer Commission Community Services Department representative will be in your neighborhood at the place, dates, and times listed here. Our representative will be available to: t/Accept payments. (Check or money order only-no cash, please.) i/Process discount forms for senior citizens and disabled people. i/Resolve billing or service complaints. i/Review water consumption data for your property. V' Arrange payment plans for delinquent accounts. Need more information? Call the Community Services Department at 617-989-7000. Owned and operated by Pamela Donnaruma, Publisher, Post-Gazette Boston Water and Sewer Commission 980 Harrison Avenue Boston, MA 02119 www.bwsc.org by Sal Giarratani - --' We're Here, Where Are You? The other afternoon while driving toward the South Bay Mall in Boston on Massachu- setts Avenue, I stopped at a red light. Next to my right was a relatively new office building apparently still try- ing to fill vacant retail space on the street level. There was an advertisement for the empty space available. The sign read, "We're here. Where are you?" I chuckled. Often driving somewhere, especially right after work, I often ask myself that ques- tion about where am I and where am I going. Often, it isn't about my route home or errands to run. Rather it is about my life. Where am I in it? How can I chart a better course for my life. Has it all been worth it up to this moment? Before the light turned green, I noticed the highway sign above. The arrow point- ing left for Routes 90 and 93. If it were only a matter of choosing between the Southeast Expressway or the Mass Pike, life would be so much more simple, wouldn't it? I've been a police officer over 25 years. If I had my life to live over, would I choose a different road in life? Back when I was studying in college with all those future roads waiting for me, I thought I had endless roads to take and endless goals to reach. I worked behind the counter at a place called the City Spa Cafeteria across the street from Boston City Hos- pital. At that time, my road crossed with the roads of all those folks who ended up standing in front of me ready to order a meal. There were all kinds of customers, young, old, lonely, happy, talkative, silent, grumpy and beautiful. I especially liked the young student nurses from across the street with whom I often flirted while scooping up an ice cream cone for them. I piled on the ice cream while the boss was in the rear of the restaurant. Back then, I thought all roads had names like Harrison Avenue, Worcester Square, Mass. Avenue or East Springfield Street. How- ever, the real roads in our life to be walked and crossed are metaphorical in nature. These roads don't have curbs and sidewalks, crosswalks or stop signs. These roads re- side inside our heads, our minds, our hearts. We cross these sometimes at our own peril if we go the wrong way. I can remember looking at the guys in front of the Pine Street Inn homeless shelter and imagining how any of them ever ended up like they did. What happened during their walk of life that leR them all penniless, homeless, aimless wander- ers of a life of hard times? We only appear to be living in it but not really there. What decisions did any of them ever make, that sent them into the back alleys of life which crashed into a dead-end? We're either moving on this road of life or we're not. To be moving is to be alive. To do otherwise is to be dead. We should constantly be ask- ing ourselves the question about where we're at. Some- times, it is difficult to find our "here" or even see the road ahead. Our inner com- pass can go astray. We don't have a GPS and we travel in a heavy fog blinding us from our road and all those choices made along that road of ours. Paul McCartney once sang about the long and winding road. I think he was sing- ing about all those invisible roads we travel between the time we are born and the time they start throwing dirt on us. There are no road signs for it. We get there eventually. The road is both as smooth as we want it or as bumpy as we allow it to be. Where are you right now? NORTH END00 Quality Printing for all your Commercial and Personal Needs Stationery * Business Cards * Menus * Flyers Program Books * Wedding and Par Invitations Announcements * Business Forms and Documents -- COMPETITIVE PRICES -- 617-227-8929 WWW.BOSTONPOSTGAZETTE.COM