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Biotech / Medical : Eclipse Surgical Tech (ESTI)

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To: steve berman who wrote ()2/24/1997 4:12:00 PM
From: John Martin   of 103
 
Steve,

I just received their investor's package last week. It was mostly news releases and their 10-K, 10-Q (which one I forget) and annual report...

Quickly looking over what is going on. They are in the Heart Laser TMLR field. There are 4 other players that I'm aware of (PLC, Helionetics, CardiGenisis, US Surgical). PLC seems to have the market awareness with their market value. From what I have been able to gather, ESTI has more installations of TMLR devices than PLC does and seem to be almost neck and neck with them.

I'm not sure how their technology proves out. They use a holium laser instead of the CO2 laser that PLC uses. There was a study done on behalf of PLC that proved that the holium laser was ineffective (believe who you want...)

I have been concidering them myself. I already have a stake in PLC and Helionetics (loosing my shirt on the later).

Are there any analyst reports that I could see?

Keep me posted
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