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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (4577)	7/1/1999 2:04:00 AM
From: Jibacoa	Read Replies (1) of 13094

JIM: ELOT: Moving well today. SOMN: Good move today.Company reportedly has $2 per share in cash and no debt: For the first quarter of 1999, Somnus reported net revenues of $2.3 million compared to net revenues of $1.7 million for the first quarter of 1998. The net loss for the first quarter of 1999 was $4.1 million, or $0.29 per share, compared to a net loss of $4.1 million, or $0.30 per share, in the first quarter of 1998. As of March 31, 1999, Somnus had cash and cash equivalents of $30 million, total assets of $34 million and no long-term debt. There are quite a few people with "problem snoring" and a few "Pickwickian" with "sleep apnea". I am not sure they have full FDA approval. I will check with some ENT friends. Bernard.

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