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Biotech / Medical : PLC Systems -- Ignore unavailable to you. Want to Upgrade?

To: Rob C. who wrote (1149)	10/11/1999 7:40:00 PM
From: Richard James	Read Replies (1) \| Respond to of 1202

A Strong But was reiterated on September 20, 1999 by Jessup & Lamont Securities. Got a copy from Zach's. Highlights: - Anticipates sharp increase in procedures based on patient backlogs in 49 US hospitals "that own PLC's heart laser." - PLC gets $1,500 for disposable headpiece per procedure - 5 procedures a week on 126 machines international is $47,250.00 sales. - Japan approval expected by Q4 1999, no others seeking approval in Japan - Share price may be helped by possible filing of an IDE to begin trials on PTMR in 1st half of 2000 - 2nd generation laser to launch in Yr 2000, 1st internationally, cost of manufacture 50% of 1st. - 2 yr price target of $11.25 - Profitable in Yr 2001, but possibly "sustainably profitable by the second half of 2000"