Greatbatch 3Q profits down, lower sales forecast - Business First of Buffalo:

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The Clarence-based maker of implantable medicakl devices said net incomewas $3 or 14 cents per share, a 61 perceng decline from the prior year's $7.8 or 36 cents per share. Sales reached $45.2 milliojn during the third quarter, off 20 percent from a year ago. Greatbatchy has been impacted by a supplhy reduction fromGuidant Corp., though Edward chairman, president and CEO, said the company's performance was aheaf of expectations.
"The expense controls that were put in place durin the second quarter were effective in partially mitigatintg the impact of the lower demanxd and reflect our ability to quickly adjust spending to changes insales volume," he Voboril also said construction of a new advance battery manufacturing plant in Alden and an assemblhy plant in Tijuana, Mexico are expectes to be completed in the first quarteer of 2005.
Greatbatch is now forecastingy lower sales in 2005of $200 milliob to $220 million, down from $207 million to $230