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Biotech / Medical : WAND (Milestone Scientific) -- Ignore unavailable to you. Want to Upgrade?

To: Brooks Jackson who wrote (549)	6/4/1998 5:48:00 PM
From: Alex Georges	Read Replies (1) \| Respond to of 717

Brooks, Here is what I found, maybe it will help: -Alex Milestone Sci Down 30% On NationsBanc Montgomery Remarks NEW YORK (Dow Jones)--Milestone Scientific Inc.'s (MS) shares plunged 30% Thursday before being halted after NationsBanc Montgomery Securities Inc. analyst Herriot Tabuteau told his firm's sales force that he expects to cut his second-quarter earnings estimates due to an anticipated sales shortfall of at least $1 million. Milestone, a Livingston, N.J., company, makes a dental anesthetic injection system called the Wand. Tabuteau said a major customer, medical and dental supply company Henry Schein Inc. (HSIC), is only taking delivery of the Wand as it ships them to dentists, rather than buying up in bulk what was believed to be a backlog order of about 2,500 to 2,600 units. As a result, Tabuteau expects Milestone to ship about 1,600 units fewer than expected in the second quarter, which should leave sales about $1 million short of his expectations. Tabuteau had projected Milestone would report second-quarter revenue of $6.2 million and net income of 5 cents a share. While he hasn't yet changed his numbers, he expects them to reflect "a modest loss." In the year-ago period, the company reported sales of $871,841 and a loss of 21 cents a share. Before the midday trading halt, Milestone's shares plummetted 4 7/16 to 10 3/8 on Nasdaq volume of 156,800. Average volume is 258,300. -By Louis Hau; 201-938-5240; louis.hau@cor.dowjones.com