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Biotech / Medical : Summit Technology (BEAM)

BEAM 24.70

+4.5%

3:59 PM EST

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To: pappy who wrote (737)	3/8/1998 10:23:00 AM
From: yosid	Read Replies (1) of 1386

Pappy I've asked Summit (over and over)the same question - how do you intend to stay in business as a laser manufacturer if you aren't selling lasers. The royalties are great, but they are based on past sales. If Visx has their way, they will replace the machines of BEAM's best customers with Visx lasers, and kill PPP. The key is the machines. The VISX machine is not state of the art either. There are better lasers being tested as we talk. If Summit would merge with a newer laser group, get any pending FDA approvals on the table, sell old and new customers a next generation laser, I would start shorting VISX tomorrow. That would allow the "jump".

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