SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Laser Vision Centers, Inc. (NASDAQ: LVCI) -- Ignore unavailable to you. Want to Upgrade?


To: MGV who wrote (351)12/7/1999 7:35:00 AM
From: Thai Chung  Respond to of 413
 
SANTA CLARA, Calif.--(BW HealthWire)--Dec. 6, 1999--VISX,
INCORPORATED (Nasdaq:VISX.O) today announced that an Administrative Law
Judge of the International Trade Commission has issued an Initial
Determination finding that Nidek Co., Ltd. and its United States
subsidiaries have not violated Section 337 of the Tariff Act of 1930,
as amended.
The Company plans to file a petition with the full Commission for
a review of the Initial Determination. If the review is denied, the
Initial Determination will become the Final Determination of the
Commission. If review is granted, the Commission is expected to issue
its Final Determination by March 6, 2000, following briefing from the
parties. Any Final Determination will be subject to review by the
United States Court of Appeals for the Federal Circuit.
The foregoing information regarding the future developments in
the ITC action against Nidek is forward-looking within the meaning of
the Private Securities Litigation Reform Act of 1995. Actual
developments in the proceedings will depend upon the actions of the
ITC. Additional discussion of factors affecting the Company's business
is contained in the Company's most recent filings with the Securities
and Exchange Commission, including VISX's Annual Report and Form 10-K
for the year ended December 31, 1998 and VISX's Forms 10-Q for the
quarters ended June 30, 1999 and September 30, 1999.
VISX is a worldwide leader in the development of refractive laser
technology. VISX systems are commercially available in the United
States and markets worldwide.

VISX Downs $11.00 on Instinet per CNBC this morning. Good luck to all.



To: MGV who wrote (351)12/7/1999 11:11:00 AM
From: David Rubin  Read Replies (1) | Respond to of 413
 
VISX news no good, I assume that is why LVCI is down sharply. But why? I don't see any negative impact on LVCI.

Technically speaking the stock is in trouble. After finally rising above its 50 day moving average it is back below. The drops in the last few days have come on increasing volume.

Is this just idiots getting washed out of the stock? Will it recover from this oversold state or sink further? Personally I like it long-term but the technicals are very weak right now.