Medtronic 2007 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2007 Medtronic annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

6cVhiVh^dh<^giodh
!
<ZgbVcn
HjYYZc8VgY^VX6ggZhi
6cVhiVh^dh^hVcVXi^kZVYjail]dZc_dnhWVh`ZiWVaa!
WVX`\VbbdcVcYheZcY^c\i^bZl^i][g^ZcYh#7jiVii]Z
V\Zd[(%l]^aZh^beangZaVm^c\ViVadXVaejW!i]Z<gZZ`
cVi^kZÉh]ZVgihjYYZcanhideeZY#6cVhiVh^dhÉ[g^ZcYh
gZhjhX^iViZY]^b!VcYYdXidghaViZgYZiZgb^cZY]Z]VY
kZcig^XjaVgiVX]nXVgY^V!VcVWcdgbVaan[Vhi]ZVgigViZi]Vi
XVcig^\\ZghjYYZcXVgY^VXVggZhi#L^i]^cildlZZ`h!
6cVhiVh^dhgZXZ^kZYVBZYigdc^X^beaVciVWaZXVgY^dkZgiZg
YZ[^Wg^aaVidg>89idbdc^idgVcYXdggZXi]^h]ZVgigViZ#
Cdl!]ZXdci^cjZhida^kZ]^ha^[ZVhjhjVa!ldg`^c\VcY
Zc_dn^c\]^h[Vkdg^iZ]dWW^Zh#ÆI]Z>89]VhcÉi^ciZggjeiZY
bnYV^ana^[ZViVaa!ÇhV^Y6cVhiVh^dh#Æ>Ydi]ZhVbZ
VXi^k^i^Zh>Y^YWZ[dgZ!Wjicdll^i]i]ZgZVhhjgVcXZi]Vi
^iÉaaWZi]ZgZ^[>cZZY^i#Ç
>c
Y
^V
9nhidc^V
>gZcZlVh^c[djgi]\gVYZl]Zch]ZhjYYZcanWZ\Vc
]Vk^c\igdjWaZheZV`^c\#JcXdcigdaaZYXgVbe^c\^c]Zg
]VcYhVcYaZ\hhddc[daadlZY#DkZgi]ZcZmii]gZZnZVgh!
>gZcZadhi]ZgVW^a^inidlVa`VcY]VYY^[[^XjainWgZVi]^c\!
hlVaadl^c\VcYZkZch^ii^c\#H]ZXdjaYcdadc\ZgViiZcY
hX]dda![dgX^c\>gZcZÉhbdi]Zgidfj^i]Zg_dWidegdk^YZ
XVgZ#:kZcijVaan!YdXidghY^V\cdhZY>gZcZl^i]Ynhidc^V!
VcZjgdad\^XVaY^hdgYZgi]ViXVjhZh^ckdajciVgnbjhXaZ
XdcigVXi^dch#H]ZgZXZ^kZYdjg6Xi^kV97HI]ZgVenid
Xdcigdai]ZXdcigVXi^dch#L^i]^cYVnhV[iZghjg\Zgn!>gZcZ
XdjaYZVicdgbVaanVcYh^idc]Zgdlc#L^i]^cVbdci]!
h]ZXdjaYlVa`V\V^c#IdYVn!&*"nZVg"daY>gZcZ^hgZ\V^c^c\
]ZgheZZX]VcY^cYZeZcYZcXZ#Æ6Xi^kVlVhigjanVb^gVXaZ
[dg>gZcZVcYdjg[Vb^an!ÇhV^Y]Zgbdb#
&+