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To: majormember who wrote (17946)	6/1/1998 11:31:00 PM
From: JBH	Respond to of 79243

Re: KERA FWIW, From what I can tell the stock seems to be moving on an anticipated JNJ buyout rumor and also some interest coming in from the KingFine sight (per Yahoo). Here are a couple things from the latest 10Q and a news article. Be careful! biz.yahoo.com From the 10Q (dated May 12th): sec.yahoo.com The Company is currently conducting a Phase III trial for the KeraVision Ring in the United States for myopia in the range of -1.0 to -3.5 diopters and a Phase II trial for myopia in the range of -3.5 to - 5.0 diopters. The Company was granted the right to affix the CE mark on the KeraVision Ring for myopia which allows the Company to sell product in the range of -1.0 to -5.0 diopters in European Union countries. And this: The Company recorded $0.1 million of net interest income for the three-month period ended March 31, 1998, as compared to $0.4 million for the previous year. Interest income decreased due to lower average cash and investment balances from period to period. The net loss of $5.5 million for the three-month period ended March 31,1998, increased $1.4 million from the $4.1 million reported in the comparable prior year period. The Company believes that its net loss may significantly increase in future periods. Also says they may need more funds to continue research. Hope this helps someone, John