We can do this under the economics of our business that makes sense and get a return on our investment. And we don't need to burden the taxpayers of the city of New York or the state of New York with that request, and we're not going to.

Economics should always be paramount over tax considerations. Don't let the tax tail wag the investment dog.

If you look at it in terms of pure economics their investment in Australia must be under question.

This investment represents an extraordinary opportunity to position Guidant for leadership in the $3 billion global business for (cardiac rhythm management) devices, which we believe will be driven both demographically and technologically to increase significantly over the next few years,

The economics of this business is all about payout.

We have a lot of dry powder to build the business and buy back shares.