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Biotech / Medical : Laserscope (NASDAQ LSCP)

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To: Tom Sackman who wrote (65)8/3/1997 12:48:00 PM
From: Daniel Kahn   of 314
 
Tom, since you are in the biz, would appreciate any insights re LSCP and competition. First of all, my read is that no one in the industry can sustain any real competitive advantage for long, apparently the technology is easily copied and difficult to patent protect. Is this correct? Do you see LSCP as having any real strengths vs Coherent, Laser Inddustries, or others? Who do you see as the best of the group? LSCP several weeks back did get approval for a new high powered laser (can't remember which type), does this give them a leg up over competition? What do you see as fair value stock price wise for LSCP? With the recent earnings disappointment, Im not sure what the one analyst that follows the company is looking for in terms of EPS for this year and next. The old estimates were .38 this year and .50 for 98. If we put a P/E of 15 on next year estimate it would give us a price target of $7.50 but at this point I dont know if .50 is a good number for 98. Appreciate your thoughts.
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