As stateside growth remains sluggish, Bill Frels and Mark Henneman--Morningstar's 2012 Domestic-Stock Fund Managers of the Year--note that some of their top long-term holdings are going beyond boundaries.
Welcome to St. Jude s Medical Fourth Quarter and Full Year 2009 Earnings Conference Call. Hosting the call today is Dan Starks, Chairman, President, and Chief Executive Officer of St. Jude Medical. The remarks made during this conference call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements include the expectations, plan and prospects for the Company including potential clinical successes, anticipated regulatory approvals and future product launches, and product revenues, margins, earnings and market shares. The statements made by the Company are based upon management s current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include market conditions and other factors beyond the Company s control and the risk factors and other cautionary statements described in the Company s filings with the SEC, including those described in the Risk Factors and Cautionary Statement sections of the Company's quarterly reports on Form 10-Q for the fiscal quarter and year ending April 4, 2009, July 4, 2009, and October 3, 2009. The Company does not intend to update these statements and undertakes no duty to any person to provide any such update under any circumstance. At this time, all participants have been placed in a listen-only mode, and the floor will be opened for questions following the presentation.