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Biotech / Medical : ARTERIAL VASCULAR ENGINEERING
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To: Jeff Gurian who wrote (274)10/21/1997 9:59:00 AM
From: Zeus549  Read Replies (2) of 339
 
Jeff, yesterdays earnings came in about as everyone expected I believe. I see it is being met with selling at this point 7:00 am PDT. So far this indicates to me that this report is priced in. Also in reading the report it looks like perhaps the difference was that their Japanese contact is loading up on product for inventory. This somewhat skews the earnings in my book. How much of the extra .03 is accounted for by that I don't know. It will be interesting to see now what happens when they announce the Japanese approval of their reimbursement system. I think this is possibly already discounted but I'll wait and see on that one. So in the mean time I'm just going to watch and possibly so some daytrading with it as I have been doing as of late.
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