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

To: mts362 who wrote (1622)	2/22/2000 5:18:00 PM
From: MGV	Read Replies (2) \| Respond to of 1754

The CEO is Mark Logan, not Morgan. Your numbers suggest no volume acceleration. My guess is volume increases cover at least 1/2 of the price cut. If 2001 is $2.00 now, throw out a revised 2001 of $1.50 and you are at 15x forward earnings. The procedure market was forecast to grow 50% before the price cut. The price cut did not remove all of the low visibility of forward earnings growth but it did remove some uncertainty. I think the stock is higher one month from now.