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Biotech / Medical : Eclipse Surgical Tech (ESTI) -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (80)	12/2/1999 10:43:00 AM
From: tuck	Respond to of 103

Auric, Indeed. ESTI getting whacked on huge volume today. I can't find news, but clearly something has leaked. Happy vacation. Judging from your thread, you're still on it. Cheers, Tuck

To: Sir Auric Goldfinger who wrote (80)	12/2/1999 1:02:00 PM
From: Mike	Read Replies (1) \| Respond to of 103

Reason for the drop? What does everyone think about the revenue estimates? Are these too low or too high? Buying or time to get out? Mike Eclipse Surgical Shares Fall 24% as Analyst Doubts Future Sales Sunnyvale, California, Dec. 2 (Bloomberg) -- Eclipse Surgical Technologies Inc. shares fell as much as 24 percent after an analyst said future sales of the company's lasers are in doubt because of problems completing the transactions. Shares of the company fell 1 7/8 to 7 1/8 in midday trading of 2.6 million shares, more than three times the three-month daily average. The stock fell to 6 7/8 earlier. Warburg Dillon Read analyst Emil Westergaard lowered his fourth-quarter revenue estimate for Eclipse because the company is struggling to sell lasers. He now expects it to have a loss of 12 cents a share on sales of $7.7 million. Westergaard had previously expected the company to have a loss of 8 cents on revenue of $9.2 million. The company said Oct. 5 that its third-quarter loss would be wider than expected because some heart laser sales weren't completed as soon as expected, causing the shares to fall 32 percent. Eclipse said it took longer than anticipated to close some laser sales, delaying revenue expected in the third quarter. Sunnyvale, California-based Eclipse makes lasers used to create holes in the hearts of angina patients. The holes reduce chest pain that occurs when heart tissue is starved of oxygen. Dec/02/1999 12:46 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.