Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Summit Technology (BEAM) -- Ignore unavailable to you. Want to Upgrade?

To: ajs who wrote (741)	3/8/1998 11:34:00 AM
From: pappy	Read Replies (1) \| Respond to of 1386

You're welcome. No, I won't be selling my shares next week. However, I did speak with IR Friday and for what's it worth, they're upbeat, indicated procedures are up, are expecting FDA approval for astigmatism any day and submitted their results to FDA and hope to get approval for higher myopia with astigmatism within 4 -6 months. Also, they're still actively searching for an acquisition candidate. What upsets me is that FDA is giving, rejecting or amending approval to other companies (VISX, ATCI, LASE) for their requests, yet no approval or disapproval towards BEAM'S requests....I don't get it. Then, I sit and watch VISX stock price go up 5 bucks in 2-3 days and BEAM sits dead with the market going up and up. As far as PPP being broken up. That will not be an easy task for VISX or BEAM to accomplish and I for one would like to see facts that this is actually even being attempted (plenty of rumors-but just that). Sure FDA has been looking into it for the last 2 1/2 years, yet I haven't heard nor seen anything of fact, just supposition on everyone's part. Yesterday, I just had what I refer to as a psychological enema, but I still believe in BEAM and they still may pull a rabbit out of their hat-I know they wont give up easily and may even pounce in the future. Before any counter - attack, one must re-group, plan a battle strategy, (including playing opossum), and then the battle begins in earnest. This has been my belief with BEAM and its INSIDERS. As much as I am frustrated, you have a strong management team in place at BEAM but it just takes time. However, like the 2 vultures sitting on the limb, one said, "Have patience", while the other one said, "Patience by ass, Im gonna go and find me something to kill". That's about where Im at...Pappy