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Biotech / Medical : Medtronic (MDT)
MDT 102.020.0%Dec 4 3:59 PM EST

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To: Francis Gaskins who wrote (176)1/3/1998 9:36:00 AM
From: John May  Read Replies (3) of 687
 
Can anyone explain MDT's drop yesterday? I can find no new news.

Dennis and Francis, MDT also has an investment in a company called Lifecell (NASDAQ: LIFC) that has been under price pressure recently because of a lawsuit. The company is doing research with funding from MDT on a new heart valve. LIFC's currently markets a product called Alloderm which is skin replacement for burn victims. Stock is selling for $4 5/8, and the two analysts that follow the stock are calling for $14 by year end.

Thanks for any information on MDT.

John May
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