Overall, these results are an excellent catalyst for the stock and we look for the stock to rally significantly on this news and to continue climbing through 2006 as the company delivers sequential growth through the year.

We need an event as a catalyst for a full-fledged rally on the upside,

The overall outcome for the year represents a very effective combination of excellent business results, advocacy and social responsibility.

A significant Nasdaq rally will be difficult. Those who were burned in the dive will see a $5 stock go up to $9 and then get out. Today's tough investing environment is in some ways distinct from what is actually happening in the economy.

Whether the catalyst was the cessation of tax selling or just a rally from a truly depressed area, the Nasdaq is attracting some bargain hunting. I would suggest stocks were over discounting shorter-term problems that have already been announced.

We view this as a critical event in the Pfizer story and a potential positive catalyst for the stock.