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

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To: Ray Tarke who wrote (1366)6/29/1998 9:14:00 AM
From: Jeffrey L. Henken  Read Replies (1) of 2887
 
Looks like the consolidation will continue. I found this headline this morning over at Yahoo:

Johnson & Johnson (JNJ - news) may be on the lookout to purchase a medical device company that specializes in the cardiology product market, the Wall Street Journal reported Monday.

biz.yahoo.com

Unfortunately ABMI does not specialize in the cardiology market. There has been loads of rumors about AVEI and JNJ. I doubt very seriously that such a buyout will happen but I can no longer totally rule it out. I will try to find more information later when I check the WSJ online. One thing for certain and that is the consolidation continues in this area.

Regards, Jeff
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