The one thing we can be confident of is that the books are cooked. We don't need to know who cooked the books to know that there is deep trouble for this company ... Bankruptcy reorganization looms and that the creditors are going to start looking for deep pockets to sue.

The ongoing company is overcapitalized, in our opinion, and there should ultimately be capital to be released.

The only company which is a clear growth vehicle in our view is Schering-Plough.

The only thesis that still makes sense is, do your job. Make each one of your great brands work well. Run the balance sheet well. Run the company well,

The pleas entered today are admissions of guilt in one of the largest corporate accounting fraud schemes on record. This apparent but ephemeral performance by the company propped up its stock price, causing investors to suffer untold losses when the scheme collapsed.