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Biotech / Medical : VISX
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To: James Fink who wrote (558)5/8/1998 9:34:00 AM
From: Andrew Abrams  Read Replies (1) of 1754
 
Dont disagree with most of it, however, if the FTC does rule against them, it changes the entire picture. Royalty rates will change, and VISX could lose a good chunk of what they have been getting. That will cause a serious dislocation in the stock. Yes, the number of procedures is increasing rapidly, (we own the laser centers) but the ability of the 2 leaders to maintain their royalty base will change substantially.

AA
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