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Home > Company Index > Health Products & Services > Medical Appliances & Equipment > Medtronic, Inc.

Medtronic, Inc.
NYSE: MDT
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 NEWS FROM THE WIRES
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More WIRE STORIES about this company

 NEWS FROM THE STANDARD
Is Bigger Better?
May 15 2000 12:00 AM PDT

 PROFILE
For Medtronic, it's about control. The company's devices help regulate erratic heartbeats, tremors, and vascular diseases. About half of sales come from defibrillators and pacemakers, including devices for slow or rapid heartbeats. Subsidiary Medtronic Sofamor Danek makes spinal implant devices, mechanical and tissue heart valves, and drug-delivery systems, and its Medtronic Vascular unit makes catheters and stents. Medtronic Xomed makes surgical tools for ear, nose, and throat specialists. Medtronic is increasing its Internet presence through a partnership with WebMD and a global health exchange providing online product ordering (partners include Johnson & Johnson and GE Medical).

 COMPETITION
Baxter International Inc. (BAX)
Boston Scientific Corporation (BSX)
Guidant Corporation (GDT)

 DEALS
Deal: Medtronic, Healtheon/WebMD Forge Alliance
Date Announced: 01.25.00
Value of transaction (US $Mil): 100
Description: Internet health care company enters exclusive four-year, $100 million promotional alliance with medical technology company.

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: April
2001 Sales (mil.): 5,551.80
1-Yr. Sales Growth: 10.7%
Employees: 21,490
Revenue per employee: $258,343.42

 KEY PEOPLE
• Arthur D. Collins
    CEO
• Robert L. Ryan
    CFO

 CONTACT INFO
7000 Central Ave. NE
Minneapolis, MN 55432
US
Phone: 763-514-4000
Fax: 763-514-4879
Online: Web Site

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