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

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To: John Binford, Jr. who wrote (106)11/12/1996 9:34:00 AM
From: Bill McCullen   of 178
 
ALL:

Another new low for BEAM yesterday (under $ 5).

Can this company survive?

Financial performance is dismal, particularly considering VISX's
stellar quarter. VISX clearly has won the machine war, can BEAM
survive on PPP and services only?

There are a myriad of unresolved lawsuits/investigations surrounding
the company. You would think the company would be driving hard to
resolve some of these issues to get SOME good news out. There hasn't
been any good news since the FDA approval.

I certainly don't see a turnaround by year end so this one will be a
write-off for me but what about beyond that?

Any thoughts/comments are welcome.

Bill

One last thought ... Does anyone know how to join one of the class
action lawsuits?
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