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Biotech / Medical : Medtronic (MDT)
MDT 100.76+1.1%Dec 10 3:59 PM EST
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To: Flan who wrote (48)4/16/1997 2:08:00 AM
From: Jorgen Jensen   of 687
 
David,

Medtronic did not go up 4 points today because of the overall
market rally. It was the beneficiary of some good news, as
referenced by Gottfried earlier, and an upgrade to "strong buy"
from Alex Brown.
The company has a big exposure to foreign currency rates, 45%
of it's revenues come from overseas, but I believe that is already
reflected in the stock price. MDT is not a good stock to jump in
and out of. The price has been, and will continue to be volatile,
but I feel confident, that once you are in for the long term, you
will be richly rewarded.
The fiscal year ends April 30, so we should hear some results in
mid May.

Jorgen
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