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Biotech / Medical : Trinity Biotech (TRIBY)
TRIB 1.0700.0%Dec 12 9:30 AM EST

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To: Steve Stuart who wrote (9269)5/11/1998 10:59:00 AM
From: Scott H. Davis   of 14328
 
Steve, I wonder if the settlement news is quietly going out. TRIBY's up (2 13/32 x 2 7/16) on good volume as of 10:40. The SLF qtr report was also bullish in that in addition to significantly less loss, the CEO comments were bullish:

<Ron Zwanziger, Chief Executive Officer of Selfcare, Inc., commented, ''For the first time in our history all segments of the Selfcare business contributed to the Company's progress. This quarter marked the eighth consecutive quarter of increased product revenue. In addition, the Company showed consistent operational improvements.''

Mr. Zwanziger continued, ''We made significant strides in our diabetes area, which was due both to an accretive performance from our Can-Am Care Corporation acquisition announced in February and the Inverness, Scotland operation. We continue to be optimistic in our outlook for the remainder of the year.''

May partially be that the biotech sector seems to be doing well last few days - the recent cancer releases & articles have sparked interest in the sector. FYI, Scott (not always bearish)
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