7/17/2008

High-tech medical devices appear to be immune from the effects of the economic downturn, an Edward Jones analyst said. St. Jude Medical, which makes defibrillators and pacemakers, posted $1.14 billion in net sales in the second quarter. The company's products "are used in procedures that oftentimes are treating patients with life-threatening medical disorders," St. Jude's chief financial officer noted.

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