Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (42326)	5/27/1999 9:19:00 PM
From: DlphcOracl	Read Replies (2) of 120523

Re: Medtronic (MDT) The MDT CEO was just interviewed this evening on CNBC; FWIW, he was quite upbeat about the rate and success with which MDT has integrated its recent mergers/acquisions and about outlook for the rest of year. The acquisitions have been integrated smoothly, ahead of schedule, and MDT has a nice pipeline of new products it will introduce later this year. MDT is well off its YTD high as it has suffered from a bad case of "indigestion" while swallowing a number of large companies a bit too quickly. However, MDT has an extremely sharp management team and its recent acquisitons were quite astute. It positions MDT into several profitable and rapidly growing areas in the medical device realm that were not previously in its oeuvre with little overlap or duplication with its core coronary stent/pacemaker business. I believe MDT will emerge as an 800-lb gorilla in the health care sector. Because of the vagaries of government interference and meddling, I almost never invest in the medical/health care sector aside from an occasional pharmaceutical stock. MDT is one of the rare exceptions to this rule.

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