But will numerous studies and FDA approval protect Inamed from the kind of massive litigation that killed Dow Corning?
"I made Dow Corning go bankrupt, " he brags in a thick Texas drawl.
European communications director John O'Hare said the Dow Corning decision was a direct impact from a reduced order book.
Dow Corning's equity earnings were down 46% on a year-over-year basis, driven by severe weakness in the solar polysilicon market.
ENGADGET: Corning touts 1 billion Gorilla Glass devices: that's a lot of face-saving surfaces
"I made Dow Corning go bankrupt, " he told Forbes in a 2000 article on the battle over silicone breast implants.
The first is whether Dow Chemical is liable for Dow Corning's products.
ECONOMIST: Product liability: Of cigarettes and silicone | The
The decline will be the result of lower earnings at Dow Corning, where demand for silicone products has slowed significantly, the company said.
But would the thought of the kind of dollar signs torn from Dow Corning again make the lawyers swarm like so many angry wasps?
Dow Corning could move offshore, a move it would prefer not to make, and probably recover the costs of the transition in short order.
FORBES: President's Fealty To Antidumping Lobby Kills Jobs And Depresses Growth
Alas, the silicon metal restrictions constitute a big problem for Dow Corning and other industrial consumers of silicon metal, but a bigger problem for the economy.
FORBES: President's Fealty To Antidumping Lobby Kills Jobs And Depresses Growth
Corning also has another major joint venture, Dow Corning, that manufactures silicone products worldwide and contributes another 25% to our estimated value for the total company.
In the nontelephone market--where cable will be used in such things as aircraft, computers and defense--Houghton is considering a joint venture--a la Dow Corning--with a cable company.
In 1992 the agency called a moratorium on silicone breast implants, playing into the hands of tort lawyers making an industry of suing silicone implant maker Dow Corning.
The statements from Dow Corning and DuPont were carefully couched.
Under U.S. antidumping law, Dow Corning and all other consumers of silicon metal were forbidden from participating formally in the proceedings that lead to the imposition of the duties.
FORBES: President's Fealty To Antidumping Lobby Kills Jobs And Depresses Growth
It owns half of the breast-implant firm Dow Corning, which went bankrupt when plaintiff lawyers figured out how to make it pay for health problems it did not cause.
He says that the overall volume decline from the Samsung ventures, as well as lower earnings at Dow Corning, will result in a 35% sequential drop in overall equity earnings.
It owns half of the breast-implant firm Dow Corning, which went bankrupt when plaintiffs' lawyers figured out how to make it pay for health problems the implants did not cause.
Dow Corning went down because it didn't conduct any studies on silicone implants and could not refute any of the "science" that lawyers like John O'Quinn of Texas threw at it.
Dow Chemical did some toxicological tests on silicone for Dow Corning in the early 1960s, and a subsidiary based in Italy briefly distributed the implants in Europe, Latin America and Asia.
ECONOMIST: Product liability: Of cigarettes and silicone | The
Members included Ford Motor, Amtrak, DuPont, Dow Corning, American Electric Power, International Paper and Waste Management, along with the states of Illinois and New Mexico, seven cities and a number of universities.
Dow Corning, once the world's biggest makers of silicone gel implants, filed for protection from creditors in May 1995 after lawsuits from thousands of women were filed alleging health problems caused by the implants.
Under American law, Dow Chemical's shareholding in Dow Corning does not make it automatically liable: Dow Corning is a separate limited company, and Dow Chemical does not own a majority stake in Dow Corning.
ECONOMIST: Product liability: Of cigarettes and silicone | The
The public relations war over the solar trade fight between the U.S. and China heated up Wednesday with two industrial heavyweights, Dow Corning and DuPont, warning that the dispute could disrupt the solar supply chain.
The prosecution case thus rests on the notion that Dow Chemical (unlike Corning) was involved with the product.
ECONOMIST: Product liability: Of cigarettes and silicone | The
应用推荐