Medtronic 2007 Annual Report Download - page 41
Download and view the complete annual report
Please find page 41 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. 6&,*b^aa^dcYZXgZVhZ^cegdXZZYh[gdb^hhjVcXZd[Xdbbdc
hidX`VcY&#%,*W^aa^dcYZXgZVhZ^cegdXZZYh[gdbi]ZhVaZd[
XVaadei^dch
eVgi^Vaand[[hZiWn/
6'#**%W^aa^dcYZXa^cZ^cXVh]jhZYidgZejgX]VhZXdbbdc
hidX`
6*&,b^aa^dccZigZYjXi^dc^chVaZd[lVggVcih
DjgcZiXVh]egdk^YZYWn[^cVcX^c\VXi^k^i^ZhlVh&#(%)W^aa^dc
[dgi]Z[^hXVanZVgZcYZY6eg^a'-!'%%+!XdbeVgZYidcZiXVh]jhZY
Wn [^cVcX^c\ VXi^k^i^Zh d[ ).) b^aa^dc [dg i]Z [^hXVa nZVg ZcYZY
6eg^a'.!'%%*# I]Z &#,.- W^aa^dc ^cXgZVhZ^ccZiXVh]egdk^YZYWn
[^cVcX^c\VXi^k^i^ZhlVheg^bVg^anViig^WjiVWaZid/
EgdXZZYhd[*#)'-W^aa^dc[gdbi]Z^hhjVcXZd[adc\"iZgbYZWi
VcY*%+b^aa^dc[gdbi]Z^hhjVcXZd[hidX`^c[^hXVanZVg'%%+!
^cXgZVhZhd[ *#)'-W^aa^dcVcY&,'b^aa^dcdkZg[^hXVa nZVg
'%%*!gZheZXi^kZan
EgdXZZYhd[*&,b^aa^dc[gdbi]ZhVaZd[lVggVcih^c[^hXVa
nZVg'%%+
eVgi^Vaand[[hZiWn/
HidX`gZejgX]VhZhd[(#*-.W^aa^dc!Vc^cXgZVhZd[(#%,-W^aa^dc
[gdb[^hXVanZVg'%%*
8Vh]d[&#%,*W^aa^dc jhZY idejgX]VhZXVaadei^dch^c[^hXVa
nZVg'%%+
D[["7VaVcXZH]ZZi6ggVc\ZbZcihVcYAdc\"IZgb
8dcigVXijVaDWa^\Vi^dch
LZVXfj^gZVhhZihhi^aa^cYZkZadebZci!ZciZg^cidgZhZVgX]VcY
YZkZadebZciVggVc\ZbZcihVcYhedchdgXZgiV^cXa^c^XVaig^Vahi]Vid[iZc
gZfj^gZb^aZhidcZVcY$dggdnVaineVnbZcihidVi]^gY"eVgin!Xdci^c\Zci
jedci]ZdXXjggZcXZd[XZgiV^c[jijgZZkZcih#B^aZhidcZeVnbZcih
bVnWZgZfj^gZYXdci^c\Zcijedci]ZhjXXZhh[jaVX]^ZkZbZcid[Vc
^bedgiVcied^ci^ci]ZYZkZadebZcia^[ZXnXaZd[VegdYjXidgjedc
XZgiV^cegZ"YZh^\cViZYaZkZahd[VX]^ZkZbZci^cXa^c^XVaig^Vah#>c
VYY^i^dc!^[gZfj^gZYWni]ZVggVc\ZbZci!lZbVn]VkZidbV`ZgdnVain
eVnbZcihWVhZY dc VeZgXZciV\Zd[hVaZh gZaViZYidi]ZegdYjXi
jcYZg YZkZadebZcidg ^c i]ZZkZcii]VigZ\jaVidgnVeegdkVa[dg
bVg`Zi^c\ ^h dWiV^cZY#>c h^ijVi^dchl]ZgZlZ ]VkZcdVW^a^in id
^c[ajZcXZi]ZVX]^ZkZbZcid[i]Zb^aZhidcZdgdi]Zgl^hZVkd^Yi]Z
eVnbZci!lZ]VkZ^cXajYZY i]dhZb^aZhidcZ dg b^c^bjbgdnVain
eVnbZcih^ci]Z[daadl^c\iVWaZ#=dlZkZg!i]ZbV_dg^ind[i]ZhZ
VggVc\ZbZcih\^kZjhi]ZY^hXgZi^dcidjc^aViZgVaanbV`Zi]ZYZX^h^dc
idhideYZkZadebZcid[VegdYjXidgXZVhZegd\gZhhd[VXa^c^XVaig^Va!
l]^X]ldjaYVaadljhidVkd^Y bV`^c\i]ZXdci^c\ZcieVnbZcih#
6ai]dj\]lZVgZjca^`ZanidXZVhZYZkZadebZci^[VYZk^XZhjXXZhh[jaan
VX]^ZkZhXa^c^XVaiZhi^c\dW_ZXi^kZh!i]ZhZeVnbZcihVgZcdi^cXajYZY
^ci]ZiVWaZd[XdcigVXijVadWa^\Vi^dchWZXVjhZd[i]ZXdci^c\Zci
cVijgZd[i]ZhZeVnbZcihVcYdjgVW^a^inidVkd^Yi]Zb^[lZYZX^YZY
idejghjZVY^[[ZgZcieVi]d[YZkZadebZcidgiZhi^c\#
>ci]ZcdgbVaXdjghZd[Wjh^cZhh!lZeZg^dY^XVaanZciZg^cid
V\gZZbZcihi]VigZfj^gZjhid^cYZbc^[nXjhidbZghdghjeea^Zgh[dg
heZX^[^Xg^h`h!hjX]VhXaV^bh[dg^c_jgndgegdeZginYVbV\ZVg^h^c\dji
d[djgegdYjXihdgi]ZcZ\a^\ZcXZd[djgeZghdccZadgXaV^bhVaaZ\^c\
i]VidjgegdYjXih^c[g^c\Zi]^gY"eVgineViZcihdgdi]Zg^ciZaaZXijVa
egdeZgin# Djg bVm^bjb ZmedhjgZ jcYZg i]ZhZ ^cYZbc^[^XVi^dc
egdk^h^dchXVccdiWZZhi^bViZY!VcYlZ]VkZcdiVXXgjZYVcn
a^VW^a^i^Zh l^i]^cdjg Xdchda^YViZY[^cVcX^Va hiViZbZcihdg^cXajYZY
Vcn^cYZbc^[^XVi^dcegdk^h^dch^cdjgXdbb^ibZcihiVWaZ#=^hidg^XVaan!
lZ ]VkZ cdi ZmeZg^ZcXZY h^\c^[^XVci adhhZh dc i]ZhZ ineZh d[
^cYZbc^[^XVi^dcdWa^\Vi^dch#
LZWZa^ZkZdjgd[["WVaVcXZh]ZZiVggVc\ZbZcihYdcdi]VkZV
bViZg^VaXjggZcidgVci^X^eViZY[jijgZZ[[ZXidcdjgXdchda^YViZY
ZVgc^c\h! [^cVcX^Va edh^i^dc dg XVh] [adlh# EgZhZciZY WZadl ^h V
hjbbVgnd[XdcigVXijVadWa^\Vi^dchVcYdi]Zgb^c^bjbXdbbZgX^Va
Xdbb^ibZcih#HZZCdiZh*!,VcY&)idi]ZXdchda^YViZY[^cVcX^Va
hiViZbZcih [dg VYY^i^dcVa ^c[dgbVi^dc gZ\VgY^c\ [dgZ^\c XjggZcXn
XdcigVXih!adc\"iZgbYZWiVcYaZVhZdWa^\Vi^dch!gZheZXi^kZan#
BZYigdc^X!>cX#(,