| Business Summary | | Medtronic,
Inc.
is
a
medical
technology
company
that
provides
lifelong
solutions
for
people
with
chronic
disease.
The
Company
offers
therapies
to
restore
patients
worldwide
to
fuller,
healthier
lives.
Medtronic's
primary
products
are
used
for
bradycardia
pacing,
tachyarrhythmia
management,
atrial
fibrillation,
heart
failure,
coronary
and
peripheral
vascular
disease,
minimally
invasive
cardiac
surgery,
heart
valve
replacement,
extracorporeal
cardiac
support,
spinal
and
neurosurgery,
malignant
and
non-malignant
pain,
movement
disorders,
neurodegenerative
disorders,
and
ear,
nose
and
throat
(ENT)
surgery.
Medtronic
conducts
business
through
four
units:
Cardiac
Rhythm
Management;
Vascular;
Cardiac
Surgery;
and
Neurological,
Spinal
and
ENT. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Medtronic,
Inc.
is
a
medical
technology
company
engaged
in
manufacturing
and
selling
device-based
medical
therapies.
The
Company's
product
lines
include
cardiac
rhythm
management,
neurological,
and
spinal,
vascular
and
cardiac
surgery.
For
the
fiscal
year
ended
4/27/01,
net
sales
rose
11%
to
$5.55
billion.
Net
income
fell
4%
to
$1.05
billion.
Revenues
reflect
increased
sales
of
neurological
and
vascular
products.
Net
income
reflects
higher
non-recurring
charges. Recent Earnings Announcement For
the
3
months
ended
07/27/2001,
revenues
were
1,455,700;
after
tax
earnings
were
301,500. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William George, 57 Chairman | $1.6M | $6.4M | Arthur Collins, Jr., 52 Pres,
CEO, Director | 1.5M | 4.0M | Glen Nelson, M.D., 63 Vice
Chairman | 681K | 5.6M | Robert Ryan, 57 Sr.
VP and CFO | 448K | 2.6M | David Scott, 47 Sr.
VP and Gen. Counsel | -- | -- | Dollar
amounts are as of 30-Apr-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|