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Biotech / Medical : Laser Vision Centers, Inc. (NASDAQ: LVCI)
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To: MGV who wrote (351)12/7/1999 7:35:00 AM
From: Thai Chung   of 413
 
SANTA CLARA, Calif.--(BW HealthWire)--Dec. 6, 1999--VISX,
INCORPORATED (Nasdaq:VISX.O) today announced that an Administrative Law
Judge of the International Trade Commission has issued an Initial
Determination finding that Nidek Co., Ltd. and its United States
subsidiaries have not violated Section 337 of the Tariff Act of 1930,
as amended.
The Company plans to file a petition with the full Commission for
a review of the Initial Determination. If the review is denied, the
Initial Determination will become the Final Determination of the
Commission. If review is granted, the Commission is expected to issue
its Final Determination by March 6, 2000, following briefing from the
parties. Any Final Determination will be subject to review by the
United States Court of Appeals for the Federal Circuit.
The foregoing information regarding the future developments in
the ITC action against Nidek is forward-looking within the meaning of
the Private Securities Litigation Reform Act of 1995. Actual
developments in the proceedings will depend upon the actions of the
ITC. Additional discussion of factors affecting the Company's business
is contained in the Company's most recent filings with the Securities
and Exchange Commission, including VISX's Annual Report and Form 10-K
for the year ended December 31, 1998 and VISX's Forms 10-Q for the
quarters ended June 30, 1999 and September 30, 1999.
VISX is a worldwide leader in the development of refractive laser
technology. VISX systems are commercially available in the United
States and markets worldwide.

VISX Downs $11.00 on Instinet per CNBC this morning. Good luck to all.
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