1、Stryker occupies a unique position in the worldwide medical marketplace.We have the most broadly based range of products in orthopaedics,alongwith a significant presence in other specialties.Because of our breadth,weare able to leverage our capabilities to meet our customers needs to sim-plify both
2、procedures and supplier relationships and to produce excep-tional outcomes for their patients.We have expanded and strengthenedour core businesses by investing in promising technologies,such as biolog-ics and surgical navigation,that are beginning to emerge as growth driversfor the future.And our re
3、ach is global,demonstrated by high growth in2005 in countries ranging from Germany,the United Kingdom and Spainin Europe to India and Korea in the Pacific to Argentina in Latin America.Our broad range of products and wide geographical presence help us toplay a leadership role in our industry.In 2005
4、,Stryker delivered on its long-standing commitments whileinvesting for the future at an unprecedented pace,growing adjusted diluted net earnings per share by 22 percent and dramatically increasingresearch and development spending by 33 percent.We also completed ourfirst CEO transition in over a quar
5、ter-century.I am very pleased to have been asked to lead the Company at thistime.Stryker has a remarkable history,and there is clearly no need tomake radical changes simply for the sake of change.Yet,throughout theCompany,we are working together to shape a vision for a future of con-tinued success e
6、ven as we face strong new competitors in the dynamic worldwide health-care market.Seizing opportunities through rapid growthWe are surrounded by opportunities,but they can be clouded by uncertainty and risk.One fact stands out:to gain competitive advantage in todays complex business climate,Stryker