We strongly believe that our union with Guidant is the only one that can deliver on that promise, and create lasting value for shareholders of both companies.

We are continuing to make significant investments in research and development in order to bring important new products to market, positioning us well for long-term growth.

Our first-quarter results were as anticipated and we look forward to improving performance throughout the balance of the year.

We strongly believe that our union with Guidant is the only one that can deliver and create lasting value for shareholders of both companies.

The year 2005 was a solid one for Johnson and Johnson, despite significant challenges.