You guys do a good job when it comes to elected officials in Colorado, I just want you to know. (Applause.) You have a good eye for talent.

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But Medtronic's success shows that it is possible to sustain a profitable business in the face of such obstacles, so long as you have a good eye for new applications, good research and forceful marketing.

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With an eye toward being a good neighbor, the Gateses have also earmarked funds for causes like local Outward Bound programs and the Seattle Art Museum.

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