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Biotech / Medical : Future Medical Device Companies

STXS 2.980

+2.1%

12:19 PM EDT

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From: IRWIN JAMES FRANKEL	1/16/2008 10:36:49 AM
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Briefing.com (STXS) Ticker Alert for In Play 16-Jan-08 08:37 ET Stereotaxis: Color on preannouncement (11.39) ThinkEquity notes that STXS preannounced a disappointing 4Q07, throwing the blame on the delayed approval of the irrigated catheter, and stating how the now approved catheter will turn the co around. The firm thinks otherwise, saying they believe 4Q is a signal of a general lack of interest, and they believe that the new catheter will not generate enough interest to save the co from another dilutive financing. Reits Sell and $7 tgt... Needham says that based upon our 39 physician survey, they are convinced that robotic navigation surgery will become standard of care for the treatment of complex arrhythmias and other cardiac diseases. They note the worldwide markets for robotic navigation systems are huge, representing an initial $1 bln opportunity and growing as system placements increase and new indications for robotic navigation technology emerge. Firm says catalysts include: 1) partner JNJ's pending U.S. approval for the irrigated tip catheter, 2) chronic total occlusion product development news, and 3) launch of the Odyssey online consultation software. They also say STXS could be an attractive acquisition target. Firm cuts their tgt to $14 from $16.

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