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

To: Paul Kelly who wrote (930)	7/1/1998 9:56:00 PM
From: John Binford, Jr.	Read Replies (2) \| Respond to of 1386

Visx trades at a lower Price to Operating Earnings than Summit. Last quarter Summit made less than $.01/sh and Visx made $.43/sh fully taxed. Ignoring charges and one-time non-cash gains, Visx trades at a far lower multiple than Summit. With that said, I agree Summit should be moving up from the current levels. The market is exploding and Summit still has 150 machines in the U.S. Today's news from LCAV is also positive for Summit as most of their machines are Summit machines.