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Biotech / Medical : Palomar Medical Technologies, Inc.
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To: Spank who wrote (579)10/15/1997 5:09:00 PM
From: Ted Molczan   of 708
 
Spank,

Reuters reported that PMTI's holdings are now 4.5 million shares.
This is less than 50 percent of the 9.2 million shares outstanding,
reported in the last 10Q. I believe I once read somewhere that this
will move Nexar's expenses and revenues off PMTI's income statements.
They definitely will be on the Q3 statement, but presumably that will
be the last time. This move is consistent with recent PMTI statements.

Ted Molczan
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