If you want to step back, yeah, they are mucking up Johnson & Johnson's bid.

He's earned the award. The company has done well, the stock has done well. They've delivered clean quarters since he's come aboard. He's had an opportunity to stretch a bit, and make his mark.

They are playing chicken, and right now it appears that J.& J. has the upper hand.

There's a phrase: to strike while the iron is hot. The iron is hot.

In our opinion this news is not new and should not slow down the merger with Guidant.

The good news is that this is not a recall, products are not being removed from hospital shelves, and no one has died.