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Biotech / Medical : Medtronic (MDT)
MDT 90.410.0%Nov 5 3:59 PM EST

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To: Thomas J Pittman who started this subject4/12/2002 12:47:11 PM
From: Jack Hartmann  Read Replies (3) of 687
 
GS on MDT
We continue to recommend purchase of Medtronic shares.Yesterday,we had the
opportunity to meet with several members of Medtronic ’s senior management team at
the company ’s headquarters in Minneapolis.Highlights from the meeting included:(1)4Q
tachy sales appear to be tracking ahead of expectations,(2)recent stent patent litigation
filed against Cordis may provide Medtronic with leverage in vascular,(3)additional data
from the MIRACLE ICD trial submitted to the FDA appears to have the overall results of the
trial,and (4)Activa sales are exceeding expectations.Overall,we remain highly confident
that Medtronic remains well-positioned to drive strong 15%sales growth going forward.
Jack
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