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Biotech / Medical : Medtronic (MDT)
MDT 102.04-1.3%3:59 PM EST

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To: Dennis who wrote (367)12/18/1998 10:20:00 AM
From: treetopflier   of 687
 
I looked at the Sofamor annual report yesterday.

They are flying. It certainly looks like a good move on both their parts. I haven't done all the math, but I'm not at all worried about the PE here. I also see more acquisition activity.

There is nothing to slow their growth through acquisition that I can see and they seed the pipeline well in advance by funding these startups.

ttf
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