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Biotech / Medical : Palomar Medical Technologies, Inc.
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To: Samuel Seward who wrote (101)11/27/1996 11:47:00 AM
From: jeeza   of 708
 
to Sam S

spoke with investor relations a week ago

1. they submitted data for hair removal stuff to FDA in first week of Oct ....I am not knowledgeable on how long it takes the FDA to review the data....but my guess is...atleast 90 days ....investor relations people did not provide an estimate either

2. most people are only looking at PMTI for its hair removal epilaser
but in my opinion...NEXAR which has come out with a new line of computers is going to generate a significant amount of revenues as their product has been well received and I am hoping for a big contract from the federal agencies (business week article)

3. I have asked investor relations to mail me a copy of institutional holdings
looking at technical charts...I am pretty sure the big boys are accumulating the stock for a good 97 run
fundamentals for the company say...PMTI should be $20-$25 range stock

best of luck

ps: recent Mega million dollar contracts validate the fact that the epilaser is a fantastic product
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