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Biotech / Medical : GSII - GENERAL SURGICAL INNOVATIONS, INC. -- Ignore unavailable to you. Want to Upgrade?


To: CYBERKEN who wrote (86)11/7/1997 9:20:00 AM
From: Lighthouse  Read Replies (1) | Respond to of 211
 
I thought this thread was dead. Now I know why - someone turned the lights out!

Lots of tax loss selling going on right now. And will probably continue right through X-Mas. Nobody is rushing out to buy.

Spring 98 is my guess for the first big test of this stock. That is when the trial date with Guidant is set. Then we will find out if the patents will stand up. If they do . . . . . I'll stay out of the bread line.

December quarter should be o.k. and look a lot like the 1st quarter. Company might stike another deal with JNJ for guaranteed payents instead of taking inventory. Balance sheet should remain in very good shape as the burn rate is very low right now. All the leasehold improvements for the new building have been "cash flowed out" so we should still be north of $40 million.

Might hear about another marketing deal with orthopedic/ and or plastic partner, but I doubt it will budge the stock much.

Looks like the market is going to get crushed today. Might have a sale on lots of things.

Regards,