VISX Message Board - Msg: 12941900

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Biotech / Medical : VISX

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To: Charlie Smith who wrote (1619)	2/22/2000 4:42:00 PM
From: MGV	Read Replies (1) of 1754

Charlie - This decision certainly is laden with implications but, based on the way the market has been moving it makes sense strategically. The alternative was to continue to alienate customers and erode the strong relationships they have built. This will make it tougher for competitors to take share. It also appears to be a preemptive strike to a recognition of an eroding and not easily defended patent portfolio. It is great for the corporate centers. If there truly is high demand elasticity, then the move will pay off for VISX. Who knows what the market will do with it tomorrow. I think it makes VISX better. Buying back about 15% of the float won't hurt. Downside should be minimal but I'd like to hear more background regarding the decision. It certainly is a dramatic one.

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