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Biotech / Medical : Eye Laser Industry - VISX and Summit BEAM Info

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To: stock talk who wrote (91)10/7/1996 10:44:00 AM
From: Bill McCullen   of 178
 
Frank,

Which paper? I too live in the Boston area (Winchester) but didn't
see anything in the Globe, not that I would expect to as the Globe
seems to relish kicking BEAM when it is down.

I did see in the Journal this morning that BEAM has named an interim
chairman. His name is Richard Miller (45). He has been a director
and works at First Albany in Boston. The odd thing about the
announcement is that BEAM plans to "rotate" the chairman position
amongst the 4 directors "in order to gain more varied input into
Summit's strategy." I'm not sure that I like this strategy as BEAM
really needs to develop and market their strategy quickly and
effectively. To do so I think they need a strong leader (not a
dictator, they had one of those and it didn't work) not this chairman
by committee approach.

Any thoughts,

Bill

I'm keeping a careful eye on CVN too!!
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