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

To: WHL who wrote (944)	7/3/1998 7:54:00 AM
From: pappy	Respond to of 1386

For those that haven't seen it, Summit will be on Healthy Solutions on FRIDAY, July 3rd at 8:00am on BRAVO (second feature) ÿ

To: WHL who wrote (944)	7/3/1998 11:00:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 1386

BEAM is sitting at a juncture of the 200 day MA and Intermediate term Trendline in the 6.00 area... A break through this area takes BEAM to the next major resistance point in the 9.00 area... After that BEAM moves into the teens... The growing acceptance of the safety of the PRK vision correction process has resulted in increased demand for BEAM's products and services... This should be reflected in rising prices... Jim

To: WHL who wrote (944)	9/4/1998 11:27:00 AM
From: WHL	Read Replies (2) \| Respond to of 1386

I finally got around to reading this company's latest 10Q (out Aug 13). My goodness- this company is in good shape. 6/30/98 12/31/97 Cash and cash equivalents $ 57,594,000 up from $ 33,720,000 Short-term investments $ 24,827,000 had been $ 6,770,000 Total liquid assets $ 82,421,000 up from $ 40,490,000 Total liabilities $ 26,756,000 had been $ 26,116,000 NET LIQUID ASSETS over ALL liabilities $ 55,665,000 up from $ 14,374,000 They're spending approx. $4,000,000 of that to repurchase 1 MM shares. Perhaps they'll spend a bit more if that repurchase is successful. They are in a position to trigger a short squeeze any time they want. Our recent short interest for 08/98 is 1,600,047 shares. With an ADV of 225,999 that would take 7.08 days to cover. Past Q: Operating income 238,000 Other income 776,000 (interest on $40,000,000 probably) Total 1,014,000 or $.03 per share The past quarters have seen substantial legal expenses each quarter (except 2nd Q of 1997 when a settlement offset the legal expenses that Q). These will probably be reduced by $1 MM this quarter (or so). Hence, operations will probably increase from $300,000 earnings to $1,300,000 or so. For passive investment income, this next Q they will have $80,000,000 in cash instead of $40,000,000- so $ 1.5 MM just in interest is probable (assuming that they haven't lost a lot of money by trading in the stock market). Hence, earnings of $2.8 MM in combined income is probable. $2,800,000 is $.09 per share- even without any improvement in their markets and operations. Yet their markets are rapidly improving and their operations are consistent being improved as well IMO. All of this (as well as the disappearance of the FTC complaint and the settlement of PPP) will be out in the Value Line report the end of next week (market reaction usually starts by Thursday).