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Biotech / Medical : Summit Technology (BEAM)

BEAM 30.93

-2.0%

Jan 26 3:59 PM EST

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To: GBT who wrote (1125)	3/28/1999 7:37:00 PM
From: Walter in HK	Read Replies (1) of 1386

GBT, in hindsight again, the settlement was known and I knew too, that that $35 Mill chunk from VISX distorted the Q. So, now BEAM is still up. Why ? Perhaps the market reacted more to the "decreasing losses" and the ATCI takeover being the only hope for the future. You noticed that even BEAM, in the latest S-4 amendment expects to have 80 % of sales and income from ATCI's laser which has only been produced for inventory (if at all) because of the VISX patent litigation - held off till May. I will consider BEAM when I hear that there is a new CEO and I am impressed with his track record. So, why do you think BEAM is still up substantially from pre-Q announcement ? By now, everybody has taken the $ 35 Mill into consideration as being one-time. Mind you, the cash helps to buy ATCI ! Or do you think the ATCI tracker is so much hot air ? I posted the results submitted to FDA (among other things) on www3.techstocks.com It would be interesting, but exceedingly dangerous, to go short ATCI if the merger falls through ....some short squeeze if it doesn't !

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