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ST's capital expenditures were $134 million during the second quarter of 2010, compared to $74 million in the year-ago period. For the 2010 first half, capital expenditures totaled $313 million, somewhat below the company's targeted level, due to extended lead times for capital equipment.

ERJ-PA2F17R8X_Datasheet PDF

ST's capital expenditures were $134 million during the second quarter of 2010, compared to $74 million in the year-ago period. For the 2010 first half, capital expenditures totaled $313 million, somewhat below the company's targeted level, due to extended lead times for capital equipment.

Those were some of the conclusion from a panel of experts gathered at a Churchill Club event here Friday (July 23). I have an ambivalent view of the bill,” said David Gollaher, president of the California Healthcare Institute, non-profit group that promotes life sciences companies.

The will extend coverage to as many as 30 million of the 50 million uninsured in the U.S. However, the bill never addressed the underlying structural problems and drivers [of high health care] costs, and those may have to be addressed in the next few years,” Gollaher said.

ERJ-PA2F17R8X_Datasheet PDF

Medical device companies are concerned about a 2.3 percent excise tax on their revenues starting in 2012, a measure designed to raise $40 billion to help pay for the bill. Drafters thought the tax would be offset by a growing market with more insured patients coming on line, but Thomas Novelli, (below) director of federal affairs at the Medical Device Manufacturers Association (MDMA) challenged that assumption.

States like Massachusetts that already have universal health care coverage haven’t seen much of a [market] uptick,” said Novelli.

ERJ-PA2F17R8X_Datasheet PDF

We had one member that makes external cardiac defibrillators ask how the bill benefits them,” Novelli said. We don’t think cases of sudden cardiac arrest will go up based on this legislation,” he quipped.

The MDMA has several members with revenues of about $100 million a year that are still not profitable due to the high costs of bringing medical devices to market, he said. In addition, venture capitalists see the bill's complex provisions as another set of risk factors to weigh before investing in the sector, he added.

ERJ-PA2F17R8X_Datasheet PDF

The VC industry has stepped away from medical devices over the last 18 months,” due to a variety of factors including the new bill, he said.

One bright light for technology is that the bill sets aside $27 billion to provide incentives of $44,000 to $64,000 for doctors to adopt digital records

LONDON — The actual” global market for chips in July, as calculated by the World Semiconductor Trade Statistics organization, was $24.57 billion, up 28 percent from the same month a year before and down 9.5 percent from June 2010 sales of $27.15 billion.

A sequential fall in chip sales in July is normal and the fall in July 2010 was less than the average over the previous decade, which has, on average, shown a sequential drop of 17.7 percent. The better-than-trend July partly compensates for below long-term average June sales that were up sequentially by 13.1 percent. The previous decade's average has seen June sales climb sequentially by 22.8 percent.

Analyst Mike Cowan's linear regression analysis model recognized the better-than-average July sales and estimate numbers for 3Q, 4Q and 2010 kicked up” slightly from his previous month's forecast estimates.

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