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Biotech / Medical : Eye Laser Industry - VISX and Summit BEAM Info
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To: stock talk who wrote (64)9/11/1996 11:57:00 AM
From: Jim Parkinson   of 178
 
To All: There is an interesting article at www.slackinc.com/eye/osn/19969b/execs.htm on the beam/visx issue. My gist is both need to come up with new technology in the long run but visx is in more trouble in the short run due saturated mrkt of opthamologists plus the fact that machine is 200k more than Summit's. In short, Summit is going for the consumer and Visx is going for the docs. I think Summit's market is more lucrative. I view Summit's recent moves as very positive and agree that a merger might make a bunch of sense for both companies assuming the technicians can put egos aside and continue to develop the technology. Clear case of the whole being greater than the sum of its parts. Best regards to all and good luck!
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