St. Jude Medical Inc., Q3 2009 Earnings Call Transcript

Oct. 21, 2009 3:30 PM ETSt. Jude Medical, Inc. (STJ)
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St. Jude Medical Inc. (NYSE:STJ) Q3 2009 Earnings Call October 21, 2009 8:00 AM ET

Executives

Daniel J. Starks - Chairman, Chief Executive Officer and President

John C. Heinmiller - Chief Financial Officer and Executive Vice President

Eric S. Fain - President, Cardiac Rhythm Management Division

Angela D. Craig - Vice President, Corporate Relations

Analysts

Kristen Stewart - Credit Suisse

Michael Weinstein - J.P. Morgan

Robert Hopkins - Bank of America - Merrill Lynch.

Frederick Wise - Leerink Swann

Bruce Nudell - UBS

Joanne Wuensch - BMO Capital Markets

Tao Levy - Deutsche Bank

Operator

Welcome to St. Jude Medical’s third quarter 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, plans, and prospects for the company including potential clinical successes, anticipated regulatory approvals, and future product launches and projected 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 report on Form 10-Q for the fiscal quarter ended April 4, 2009, and July 4, 2009. The company does not intend to update these statements and undertakes no duty to any person to provide any such updates under any circumstance.

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