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Biotech / Medical : Thermolase Corporation (AMEX: TLZ) -a potential 10-bagger.

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To: Bob Davis who wrote (93)5/26/1999 11:46:00 AM
From: JoeWeinberg  Read Replies (1) of 95
 
TLZ is closing all spas, terminating international joint venture agreements and will probably sell CBI Labs. It appears that John Hansen, who resigned as President, may have learned that their SoftLight laser system was not only temporary, but that price competition would develop as more lasers and physicians came on the scene. Someone should question how the clinical trials led them to believe their system was the second coming.

Thermo Electron should stick to industrial companies and never venture again into the consumer sector. John Hatsopoulos missed the mark and misled investors and employees alike. There should be an investigation into this to find out exactly what TLZ knew and didn't know about the resuls of their SoftLight system.
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