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Biotech / Medical : SonoSight (SONO), Handheld ultrasound for the masses
SONO 19.18+0.8%3:59 PM EST

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To: TRIIBoy who wrote (213)8/31/1999 2:41:00 PM
From: stockman_scott   of 365
 
<<::shakes head::>>

TRIIBoy: I can relate to that <G>...Just because we have moved right buy Prudential's price target in the mid 20s doesn't mean too much to me. How many analysts have been 'realistic' about many of the internuts?? Look at ARBA, RBAK, JNPR, PHCM, NTOP, ICGE, etc....Now many of these companies have some serious potential (some have impressive sales and some may actually hit profitability someday) BUT they have run up into the statusphere.....Yet, we still see the analysts promoting those stocks. Many of the internet stocks are trading on future potential. So is SonoSite. We do know that SONO has an FDA approval for a breakthrough product that could add significant value in the medical marketplace. We also know that there is incredible interest in the new handheld SONO ultrasound devices. We know the company will start shipping in the next 6 weeks and has big plans to be a global player. There is some uncertainty about whether SONO can deliver a high volume of quality products on schedule. Yet, IMO they have a great manufacturing partner and a very experienced management team. It's impossible to accurately predict how fast SONO's sales will ramp up and how soon they expand their product line and ultimately hit profitability. Yet, if we had all the answers, the price would be MUCH higher. I am comfortable with SONO as my largest position and plan to hold my shares for the LONG RUN. Patience could pay off.

See you in the 30s..!! (with or without the analysts and 'appropriate ratings')

Best Regards,

Scott
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