Laserscope (NASDAQ LSCP) Message Board

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Biotech / Medical : Laserscope (NASDAQ LSCP)

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To: Chartgod who wrote (185)	1/12/1998 8:44:00 AM
From: E.J. Neitz Jr	Read Replies (1) of 314

IMHO, Not a big deal Long Term--Qtr. Charge is Non-Cash, Inventory Writedown probably reflects both softer sales than expected, and older equipment obsolete by newer products. Positive that they are taking the write-off and charge is non-cash. No sense in keeping obsolete equipment on the books. Sometimes, turnarounds take some time--that is why I try to buy these things, at rock bottom. Most of the time I am successful, sometimes they go lower. I plan to watch trading in the stock. With the general market looking like a blowoff to the downside, and this news, the price action will be very telling. Watching the spread right now--not bad--hard to say how institutions will react. My take is that the recent positive news announcements are more important for the stock longer term, than this earnings-pre-announcement. P.S. I was a former "bean counter"!!

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