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Technology Stocks : APACHE Medical Systems, Inc.

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To: Scott Armstrong who wrote (14)1/4/1997 4:51:00 AM
From: Stratajema   of 26
 
Looks like the news from Summit Medical (SUMT) spilled over onto this stock. I am starting to see the importance of companies like AMSI and SUMT offering point-of-care clinical outcomes products as opposed to plain vanilla outcomes products. Just to add my two cents, I thought the news from SUMT about their acquisition of C.L. McIntosh and the buyout of the Duke technology were excellent strategic moves. With the delayed rollout of their new point-of-care clinical outcomes product I expected 4th quarter software sales to go practically to zero but I felt my early buy decision of SUMT at $7 a share was well supported by the $5 in cash per share on the balance sheet. Just the same, the action today on SUMT's share price made me a little nervous since Wall Street traders don't pay attention to supporting fundamentals.

Regards,
David

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