AMERICAN BIOMED, Minimally Invasive Technology (ABMI) Message Board

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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI)

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To: Bill Fortune III who wrote (113)	3/9/1998 7:22:00 PM
From: Jeffrey L. Henken	Read Replies (1) of 2887

Consolidation in the Healthcare Industry-Fact and Fantasy As a rule Bill I don't like the discussion of take over and merger activity very much at all. Too much hype too little substance. In the last year I have been invested in a number high technology companies whose names came up as acquisition targets. More often than not they are not the rumors are unfounded. Even if it is true most likely a real merger or acquisition of the company will take place when you least expect it. First let me give you a list of just a few of the stocks I have owned in the last twelve months that were rumored to be on the auction block. These stocks all got a nice pop higher on these rumors that never happened. IMFX (Informix)-I think this was supposed to be by IBM ASND (Ascend Communications)-AT&T, Lucent take your pick MUEI (Micron Electronics)-Compaq To date there has been no buy outs for these companies although the possibility certainly exists. To be fair there have been some very real buy outs in my portfolio like Cascade Communications by Ascend. But that was not a big money maker for me. Now even when something good like this does happen it usually catches you when you least expect it. This happened to me with Baxter International's buy out of of another company I owned blood substitute maker SMTG (Somatogen). fnews.yahoo.com Which at least gets us back to the healthcare industry which has indeed seen it's fair share of buyout activity. Interestingly enough Baxter invented the catheter and might be a potential suitor of American BioMed's. Johnson & Johnson might be interested since they appear to be losing stent market share to Guidant. devicelink.com Indeed even Guidant could conceivably desire American BioMed's techonology and patent portfolio. biz.yahoo.com Bottom line is most rumored mergers and acquisitions are just that only rumors. However I do believe that American BioMed is indeed a ripe acquisition target but they may never be acquired. To me it is comforting to be able to personally value ABMI at a level significantly higher than our closing price today. One final thought about the valuation of the company in the event of a buyout. Look carefully at the purchase price of the companies discussed here today in the URL's above. If ABMI was to be sold to another company it might not fetch Bill's figure of $7.50 a share but it sure won't be cheap! Go ABMI! Regards, Jeff

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