Summit Technology (BEAM) Message Board

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Biotech / Medical : Summit Technology (BEAM)

BEAM 23.37

-2.8%

Dec 2 3:59 PM EST

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To: yosid who wrote (768)	3/17/1998 12:30:00 AM
From: John Binford, Jr.	Read Replies (2) of 1386

It's good to hear from Cheeseboy again. He has been around the AOL boards longer than most. And although I did not like his choice of LASE I mostly agreed with his assessments of Summit and Visx. As for posting here or elsewhere, I would recommend considering posting on the free Yahoo boards. Posting here for me is still free since I have been a member for several years. I do have a question concerning what Summit will charge for the erodible masks? Are they going to provide them for free? Also, what are the feelings about the breakup of PPP? Let's say that Visx forgives the $4.5+ million the Summit owes from machine sales if Summit agrees to the quick split of PPP. Then, what would be the result? At first I would assume Visx royalty income would rise dramatically and Summit's would fall. Then would Summit try to compete by lowering the fee on their machines? A royalty fee price war would not be good for Summit or Visx. I'm just trying to understand the dynamics of a proposed split-up of PPP. Obviously, Visx considers it in their best interest and is frustrated in dealing with Summit. Visx also has been replacing so many Summit machines and has targeted the big Summit users. As everyone knows I own both Summit and Visx, but much more Visx than Summit. Also, I find it funny that LVCI is rising just near the end of the quarter, just like last quarter. Does Summit prop-up LVCI's stock at quarter's end so they don't have to re-price (adjust the value of) their LVCI holdings? Remember Summit's earnings last year were due to the accounting trick of reporting a non-cash gain from the sale of their laser centers. In reality, Summit's cash dropped significantly last year.

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