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BUSINESS
October 24, 1996 | From Times Wire Services
St. Jude Medical Inc. will pay about $660 million in stock and cash for Ventritex Inc. of Sunnyvale, Calif., and other acquisitions, expanding its share of the market for devices that treat irregular heartbeats. St. Jude, the No. 1 maker of mechanical heart valves, will pay about $505 million in stock for Ventritex, a maker of defibrillators, which slow a patient's heartbeat. The St. Paul, Minn.-based company will also acquire Pacific Dunlop Ltd.'
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BUSINESS
October 24, 1996 | From Times Wire Services
St. Jude Medical Inc. will pay about $660 million in stock and cash for Ventritex Inc. of Sunnyvale, Calif., and other acquisitions, expanding its share of the market for devices that treat irregular heartbeats. St. Jude, the No. 1 maker of mechanical heart valves, will pay about $505 million in stock for Ventritex, a maker of defibrillators, which slow a patient's heartbeat. The St. Paul, Minn.-based company will also acquire Pacific Dunlop Ltd.'
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BUSINESS
December 27, 1995 | From Bloomberg Business News
Ventritex Inc. and Guidant Corp. on Tuesday received federal approval for their cardiac defibrillators, now the smallest implantable devices available for regulating a heartbeat. The Food and Drug Administration approval was a setback for Medtronic Inc., which wanted the agency to require both companies to conduct additional studies on their products before allowing them on the market. Medtronic's Jewel was the smallest product and the market leader before the approvals announced Tuesday.
BUSINESS
December 27, 1995 | From Bloomberg Business News
Ventritex Inc. and Guidant Corp. on Tuesday received federal approval for their cardiac defibrillators, now the smallest implantable devices available for regulating a heartbeat. The Food and Drug Administration approval was a setback for Medtronic Inc., which wanted the agency to require both companies to conduct additional studies on their products before allowing them on the market. Medtronic's Jewel was the smallest product and the market leader before the approvals announced Tuesday.
BUSINESS
January 17, 1997 | Times Staff and Wire Reports
Heart patients who have a certain model of Ventritex defibrillator should see their doctors to have the implants reprogrammed, the company and government doctors announced, after two deaths that may be linked to part failure. The warning does not affect people who have implanted devices that solely boost a too-slow heart. Instead, it affects Ventritex defibrillator models V-110 and V-112 that slow down too-rapid heartbeats. Ventritex Inc. said the U.S.
BUSINESS
April 3, 1997 | (Bloomberg News)
St. Jude Medical Inc. has agreed to offer a cross-licensing agreement to Angeion Corp. to get Federal Trade Commission clearance to acquire Sunnyvale-based Ventritex Inc. The FTC's staff closed its investigation of the merger in exchange for St. Jude's commitment, Ventritex told the Securities and Exchange Commission. FTC commissioners must still the approve merger. St. Paul, Minn.-based St. Jude, which makes mechanical heart valves, and Angeion declined to comment.
BUSINESS
April 27, 1993
Companies with highest ratio of stock market value to sales. 4/20/93 1992 Price/ Mkt. Value Revenue Sales Rank Company ($ Millions) ($ Millions) Ratio 1 Ventritex Inc. 443.3 15.1 29.38 2 Pyxis Corp. 755.5 46.3 16.33 3 Gensia Pharmaceuticals 468.5 30.8 15.22 4 Calgene Inc. 295.7 23.7 12.48 5 Cisco Systems 5,484.2 473.5 11.58 6 Platinum Software 268.3 23.3 11.54 7 ALZA Corp. 2,420.6 229.3 10.56 8 ICU Medical 106.0 10.2 10.44 9 Cytel Corp. 102.6 10.1 10.13 10 QUALCOMM Inc. 944.1 112.4 8.
BUSINESS
May 6, 1997
Companies ranked by net losses in 1996, including one-time charges that may not indicate routinely losing operations. *--* Rank Company 96 income (millions) 1 Apple Computer Inc. -$835 2 AST Research Inc. -418 3 Amdahl Corp. -327 4 Merisel Inc. -219 5 Calgene Inc. -145 6 Sizzler International -136 7 National Semiconductor -126 8 Advanced Micro Devices -115 9 SyQuest Technology Inc. -110 10 Argonaut Group Inc. -106 11 Trikon Technologies Inc. -94 12 Bay Networks Inc. -83 13 Cirrus Logic Inc.
BUSINESS
March 21, 1995 | From Associated Press
Medtronic Inc. has received approval for a heart-rhythm regulator that is simpler to implant than earlier versions and thus results in shorter hospital stays and savings for patients. With Monday's announcement that its Jewel line of defibrillators has been approved, Medtronic shares gained $2.375 to close at a 52-week high of $70 on the New York Stock Exchange. Medtronic said the Food and Drug Administration approved five models of the Jewel on Friday.
BUSINESS
February 16, 1993 | JAMES F. PELTZ, TIMES STAFF WRITER
In the pacemaker business, there are two main providers to the U.S. market: industry leader Medtronic Inc. in Minneapolis, followed by Siemens Pacesetter Inc. in Sylmar. Together, they supply roughly 70% of the conventional pacemakers that bolster otherwise slow heartbeats. Now Medtronic is getting lots of attention for its new device that does something different--it calms fast heartbeats.
BUSINESS
January 11, 1998
* Tina M. Parr has joined Neuberger & Berman, LLC, an investment management firm, as regional director of Orange County. She will work out of the Los Angeles office. Parr was most recently vice president of City National Bank. Before that, she held development office positions with Stanford University and the Anderson Graduate School of Management at UCLA. * Greg Palmer has joined RemedyTemp Inc. in San Juan Capistrano in the new position of executive vice president and chief operating officer.
BUSINESS
May 7, 1996 | DANIEL GAINES, TIMES STAFF WRITER
Five key measures--all traditional parts of our annual "Times 100" publication--were used to make this honor roll of California companies. The list was created by measuring performance in each area, comparing all 997 eligible publicly traded companies and then blending the five results with equal weighting. In the five columns to the right of each company name, we show where it ranks on the five major "100" lists elsewhere in this section.
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