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Biotech / Medical : Heartstream Inc. ( HTST )
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To: Lorraine McConaghy who wrote (57)4/24/1997 11:39:00 PM
From: Joseph P. Badame   of 97
 
My brother bought the stock at the IPO because he liked the technology and the potential market. I was initially skeptical but bought after the American Airlines anouncement.

I believe the stock will trade between $7.5 and $17.5 with upward spikes on favorable press releases until the company becomes profitable (if ever). However, I was disturbed by the Kaufmann Funds short position. Kaufmann has an excellent record investing in emerging companies. I wonder what they see (or saw as of 12/31/96) that we longs don't.

Good Luck

Joe
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