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Technology Stocks : Stock Swap

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To: Jeffrey S. Mitchell who wrote (10105)12/4/1997 1:45:00 PM
From: Andrew Vance  Read Replies (1) of 17305
 
*AV*--as long as you were talking about PLSIA:

* Breaking Story: PLSIA to Triple Revenues This Quarter

Thursday December 4th: WBN's Mike Hardesty and John Westergaard spoke
yesterday with CEO Collette Cozean of Premier Laser Systems (PLSIA 9
3/8 Nsdq) and IR rep Joe Allen as a follow up to Bill Relyea's
projection for the December and March 3rd and 4th quarters. He's using
$9mm and $16mm respectively vs $3mm for 2Qsep97.

Management is making no commitments, but inferential anlaysis based on
comments as to product acceptance, etc. etc. leads WBN to go along
with Relyea's estimate of $9mm for the December quarter of which some
$7mm would be dental lasers, mostly $40,000 systems for treating hard
tissue but including circa $2mm of lasers for teeth whitening which
range in price from $12,000 to $19,000. The remainder of sales would
be mostly ophthalmology related.

As for the $16mm estimate for FY4Qmar98, it admittedly seems like a
stretch. Let's assume it would require that $12mm of the hard tissue
units be shipped which would call for 300 units. At present 1 1/2 to 2
machines a day are being built. To get to 300 machines a quarter would
require production to ramp up to 4-5 units a day five days a week
which is not improbable considering that components are largely off
the shelf from established vendors.

To stay updated on this evolving story, stay tuned to cyberstation
WBN-PLSIA. wbn.com
=========

On the Y2K front:

Westergaard Y2K columnist Tony Keyes comments this morning
y2ktimebomb.com on what he refers to as
"The Cassandra Fund" for people such as he and we who know we are
right about Y2K but are never believed (Cassandra being the Greek
figure of mythology who was cursed with being always right and never
believed). This new Year 2000 fund will invest in Y2K related companies.

I gotta get some of this fund. How can it go wrong. It's Karma since it is named after my daughter.<GGG>

Andrew
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