Question-and-Answer Session
Operator
Thank you, sir. We will now begin the question-and-answer session. (Operator Instructions)
Our first question comes from the line of Jeff Johnson with Robert Baird. Please go ahead.
Jeff Johnson – Robert W. Baird
Good morning, guys. How are you?
Jody Phillips
Hi, Jeff.
Jeff Johnson – Robert W. Baird
A couple of quick questions here, if I could. Jody, obviously a number of moving parts with France Medica, with the Link deal and what have you, or getting out of the Link deal. As I look at your guidance for '09 and try to back some of the anniversarying of those issues out and what have you, is it fair to be thinking that your organic growth guidance right now for '09 is kind in that mid-teens range -- 13% to 15% or 14% to 16% range?
Jody Phillips
I think you are right on. If you look at it just on a purely reported basis, depending on where we end up in the fourth quarter, the range that we have given is 14% to 23% in total. As you know, in the first quarter we will have the French distribution, which we didn't have in the first quarter of 2008. So, if you look at it on an organic basis, it should be slightly below when I said, which sounds like where you were.
Jeff Johnson – Robert W. Baird
Yes. Fair enough. And then, I was pleasantly surprised by the '09 EPS guidance. I know that's ex-DOJ, but as I look at -- and forgive me, Dr. Petty, you may have mentioned this in your prepared remarks, but the DOJ impact year-to-date, if I try to back that out, somewhere in the $0.09 to $0.10 range; is that accurate, Jody?
And then, if it is, it seems to me you are implying EPS growth next year of 20% upwards of almost 30% at the high end. So would love to hear maybe where some of that leverage off a mid-teens organic rate is now going to start to develop here. We have been waiting for that, and it sounds like it could be coming now in '09?
Jody Phillips
Yes. I don't want to dissect it too much, because we are still not breaking out the DOJ expenses for the first half of the year. They were material. They were not nearly as substantial as they were in the third quarter. And so I will just kind of give some general comments.
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