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Technology Stocks : NASI (North American Scientific, Inc.

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To: richard houchin who wrote (553)	7/2/1998 12:47:00 PM
From: DD™	Read Replies (2) of 658

Radical Prostatectomy Better Than Using Seeds RESEARCH ALERT - Dain cuts brachytherapy cos Reuters, Thursday, July 02, 1998 at 12:36 NEW YORK, July 2 (Reuters) - Dain Rauscher Wessels said Thursday it has lowered its rating on three brachytheraphy or cancer treatment providers. -- Theragenics Corp. (NASDAQ:THRX) cut to neutral from a buy-aggressive. -- Mentor Corp. (NASDAQ:MNTR) cut to neutral from buy. -- North American Scientific Inc. (NASDAQ:NASI) cut to neutral from strong buy. -- Analyst Parice Halbert said supply in sector willovertake demand sooner than expected due to rival Anglo-Norwegian health technology company Nycomed Amersham NYSE:NYE) escalating its capacity expansion sooner than anticipated. -- In addition, an article in June 1998 edition of Urology, comes out in favor of radical prostatectomy over using Iodine seeds on the basis of seven-year disease free rates. -- Halbert lowers Theragenics' fiscal 1999 earnings pershare estimate to $0.67 from $0.77. Also cuts fiscal 2000 EPS to $0.99 from $1.21. Leaves fiscal 1998 EPS unchanged at $0.45. -- Halbert lowers 1999 EPS estimate for North American Scientific to $0.68 from $0.79, and fiscal 2000 cut to $0.89 from $1.16. -- Halbert also lowers Mentor's 1999 and 2000 EPS. -- Halbert said seed prices expected to fall 20 percent in 1999 from current levels, and 30 percent from current levels in 2000 due to growing potential for excess capacity. -- U.S. companies will have to "compete head-to-head sooner than expected to hold or grow market share from Amersham or any new entrants", Halbert said. -- Theragenics off 7-3/16 at 15-1/16. North American Scientific off 3-3/4 at 15-1/4. Mentor sheds 2-3/16 to 21-15/16. Nycomed Amersham up 7/8 at 37. Copyright 1998, Reuters News Service

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