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Biotech / Medical : GSII - GENERAL SURGICAL INNOVATIONS, INC.

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To: Epics who wrote (132)10/6/1998 10:51:00 AM
From: Lighthouse  Read Replies (1) of 211
 
Micro-caps are poison right now. No one will touch them. Technology value is now negative. Either the market believes that GSII will destroy value or there is a very big disconnect going on.

Resigned with U.S. Surgical. Probably a good move given that sales to J&J have not set the world on fire. I suspect that GSII wanted immediate access to USS's tacker product to complete a hernia bundle. This company has been jerked around by J&J and USS and GDT. Not a lovely picture and it also shows the power of the incumbents.

If there are any sequential gains in revenues going forward it might be a good trade.
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