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Biotech / Medical : Cyberonics (cybx) epilepsy therapy recommonded -- Ignore unavailable to you. Want to Upgrade?


To: Dennis who wrote (327)5/15/1998 4:56:00 PM
From: fred woodall  Read Replies (1) | Respond to of 471
 
Not so bad/Not so good (WIRE) Little Revenue for the 4Q.


Cyberonics Inc. Thursday said its sales and marketing
teams reached their capacity in the third quarter of fiscal 1998, and it
expects little revenue growth in the fourth quarter as a result.
Cyberonics (CYBX), which makes nerve stimulation devices for the treatment
of epilepsy and other neurological disorders, said it plans to expand its U.S.
sales and marketing departments and expand education programs for patients and
healthcare providers.
Cyberonics said the increased investment will result in "significantly
higher" fiscal 1999 operating expenses compared with fiscal 1998 operating
expenses. The company hopes the expansion will increase the awareness and
demand for its systems for the treatment of medically refractory epilepsy.
Through the nine months ended March 31, 127 implanting centers ordered 839
systems.

Wonder if outside help for the expansion is in progress? Might be talking big bucks here. Dennis if you wish I can send you a CYBX TA chart with indicators.