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Biotech / Medical : Lukens Medical

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To: David Rubin who wrote (31)	9/7/1997 2:22:00 AM
From: mark cox	of 55

Hi David Where did you hear about J&J looking for acquisitions? One of the questions I asked Mr. Huffstodt was how does Luken compete with J&J and Geck & Davis. He told me by going where they aren't. Into dental and vetinary sutures. Also they do target foriegn markets. He said that overseas if Luken beats one of the big company's prices by just 2% that they will buy the lower priced product. Especially if it is produced by an American company. So if J&J was looking to expand into areas where they aren't now maybe LUKN would be a target. Luken has a plant in India, Brazil, and one presently being worked on in Mexico. But this is just pure speculation about a takeover. As to their growth numbers for the 3rd quarter I have no idea what they will be. I hope we see something decent though. They have posted $.08eps for each of the first two quarters. If they did just the same for the next two that would be $.32eps for 1997. They did $.15 last year. That would be an increase of 47% but I would like to think that each of the last two quarters will see growth accelerate. Let me know if you hear anything more about what J&J is doing. Mark

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