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Biotech / Medical : Summit Technology (BEAM)

BEAM 24.40

+3.2%

11:30 AM EST

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To: Manny Gugliuzza who wrote (675)	1/30/1998 8:28:00 AM
From: pappy	Read Replies (1) of 1386

Considering all the BS going on with VISX withholding royalty fees of almost $1 million per month from PP and Beam's net revenues increasing from $17.8 Million to $21.5 Million, I would have to say, "yes". However, whether the market will accept this is unknown to me. In addition, VISX laser sales are decreasing and as far as VISX revenues, I question how VISX is accounting for them, since it states it's not reporting the extra revenue from the LASIK procedures in their earnings. Yet in their press releases, they talk about how they wont be able to meet analyst's earnings expectations if they were to continue contributing these royalties to PP. However, then their earnings come out exceeding analyst's expectations. Go figure...creative accounting?...or a bunch of crap...Pappy

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