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Biotech / Medical : Palomar Medical Technologies, Inc.

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To: Joseph Asch who wrote (698)4/2/1999 9:26:00 AM
From: Bob Davis  Read Replies (1) of 708
 
Joseph,

Thank you for bringing this to my attention.

To answer your question, neither myself nor any entity associated with me in any way has received any inducements whatsoever from any source whatsoever for any coverage in The Napeague Letter, or for any other activities whatsoever. In other words - No!

I have already made this point in the "Notice" which accompanied my Analysis of PMTI, which reads "I otherwise have no affiliation with this Company, and I am not compensated by it in any way whatsoever."

It is of course irrelevant for me to note my coverage of PMTI began well after the end of the applicable period covered by the class action suit. However, it is more relevant for me to note that if PMTI was currently priced at the absurdly high levels prevailing in 1996 and 1997, I would have stated that it was very overvalued by the market, a statement made about several other stocks in this segment.

Lastly, I completely understand the tone of your query and I want to assure you that I am not offended by it.

Bob Davis
The Napeague Letter
napeague.com
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