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Biotech / Medical : Spine-Tech (SPYN)

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To: Michael Anthony who wrote (143)	6/20/1997 10:39:00 AM
From: .com	of 242

Now up 3 3/8, volume over 650,000. See story below from yesterday. Dow Jones Newswires -- June 19, 1997 Spine-Tech -2: Co. Sees Great Potential In Asia AP-Dow Jones News Service MINNEAPOLIS -- Spine-Tech Inc. (SPYN) said it's comfortable with analysts' consensus earnings estimates of 14 cents a share for the second quarter and 60 cents for the full year. Speaking at a Piper Jaffray investor conference here, Spine-Tech President and Chief Executive David W. Stassen said the positive earnings and revenue trends it experienced in the first quarter should continue in the second quarter. Spine-Tech posted a loss of 6 cents a share in the year-ago second quarter and a loss of 19 cents a share in 1996. Referring to its overseas opportunities, Stassen said Japan and Korea represent the largest potential. He said the U.S. market currently accounts for about 90% of the company's total sales. Spine-Tech markets spinal devices and instrumentation for the surgical treatment of degenerative disc disease of the spine.

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