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Biotech / Medical : Laser Vision Centers, Inc. (NASDAQ: LVCI) -- Ignore unavailable to you. Want to Upgrade?


To: Jim Mac who wrote (154)6/29/1998 4:55:00 PM
From: Andrew Abrams  Read Replies (1) | Respond to of 413
 
He was also the hi estimate on the street and has now come into line with everyone else. He based his change (as many analysts do) on incorrect information concerning the renegotiation of a large contract with a surgeon (justification). After conversation with the company today, it turns out that this was not the case and they see no additional price pressure from any source. (as they stated on the conference call). It was all a waste of time and energy.

good luck.



To: Jim Mac who wrote (154)6/29/1998 8:45:00 PM
From: Jim Mac  Read Replies (1) | Respond to of 413
 
Sorry. I meant to say "3,600 in May". Since LVCI's U.S. procedure count is growing more rapidly than international, and U.S. is now 89% of all LVCI procedures, this bodes well for LVCI's cash flow going forward. That analyst could indeed be very wrong, as analysts were with Visx.

Since May procedure count was 3,600 and average monthly count for April Q was 3,300, and 89% of procedures now U.S., it looks like June could be up to 3,900, and July 4,200 roughly speaking, and especially since a couple dozen contracts began since Jan 1, which are still young. So, maybe July Q procedures will be up 18% over April Q, to 11,700+/-, making EPS $0.10.

Any comments, anyone?