A criminal who has people’s support is fine by us: HDK

Criminals in Indian politics is not new. However, people in Karnataka took comfort in thinking that criminalization of polity was a cow-belt issue, far removed from their reality.

Amylin shares fell 5.5 percent to $12.60 after-hours from$13.34 at the Nasdaq close. Salveen Kochnover, analyst with Collins Stewart, said therewere no "upside" surprises in the earnings report and addedthat uncertainty about once-weekly Byetta's approval could beputting pressure on Amylin shares. It previously forecastnon-GAAP operating loss of $75 million to $100 million, or GAAPloss of $175 million to $200 million. "We set a goal of becoming operating cash flow positive bythe end of 2010, and we have taken considerable steps towardachieving that goal," Chief Financial Officer Mark Foletta saidin a statement.

Selling, general and administrative expenses that decreasedto $92.1 million from $111.1 million were partially offset bycosts of the company's recent proxy battle in which dissidentinvestors won two seats on the board. The company said it now expects its 2009 operating loss tobe at the lower end of its prior forecasts, primarily due tosavings from its sales force reduction. Research and development expenses decreased to $63.6million from $75.4 million due to lower development costs forthe long-acting version of Byetta. But Byetta sales and quarterly losses are no longer thefocus of Amylin watchers.