I'm sure everyone recognizes that a divestiture - typically meaning "closing the doors" -does come at a immediate term cost. The 40% reduction is probably a qtr or two away.

I would have preferred to read that they are looking for a buyer - another way to divest. But the way they've worded the PR has, IMO, burned that bridge. Not one positive word about Iameter, just strongly suggesting that it's a worthless money pit. Unless they saw zero prospects for a sale, even at low price, it seems they could have worded this PR much smarter (e.g., "Iameter's product line is not in direct correlation with the other elements of the PDSG product lines") and leave the door open for a sale of that entity. After all, RG saw value in it - perhaps someone else, with complimentary products/services, would be interested in picking it up "on the cheap". Any price would be better than just simply absorbing closure costs (though they are a tax write-off).

JMHO,

SGE