ATIS is on the move! Message Board

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Biotech / Medical : ATIS is on the move!

ATIS 0.1000

-47.4%

Apr 14 5:00 PM EST

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To: needawin who wrote (1368)	1/30/1998 9:23:00 PM
From: John M. McCann	Read Replies (2) of 2205

Morgan Stanley has had a buy recommendation in place with a target price of $20/sh. Doug Lind, M.D. is the following analyst and he issued a company update today raising his price target to $25! He still expects final approval by mid-"98 and has revenue projections for ATIS/Smith & Newphew for Dermagraft of $39 million in '98, $103 mill in "99 and $239 Mill in 2000. He's looking for a slower initial market penetration than previous but once confidence in the treatment increases, he looks for accelerated penetration. This led him to lower EPS for '98, '99 ' 2000 to $(.51), $(.05) and $1.04 from $(.19), $0.45 and $1.46. Additionally, he looks for pilot trials in venous ulcers in 1st half of '98, and a number of foreign market launches befor the end of the year. ATIS release also mentions the anticipated start of human trials involving cartilege by year end. Expect a modest price improvement with much emphasis on the $500 mill capitalization by the shorts trying to hold prices down. I would be anxious to hear what Megan Hoe at Goldman Sachs has to say (she has a current BUY rating looking to $20+, and I know David Webber at Pincus Warburg is still the biggest bull around. (Had a price target of $32 last time I was in touch). I would look forward to any change in opinion by him. Best regards to all, Jack

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