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

To: James Strauss who wrote (946)	7/5/1998 12:53:00 PM
From: Louis Cristiano	Read Replies (1) \| Respond to of 1386

Jim: Question about interest income. If BEAM has a $100,000,000+ in cash and is earning a 5% return, that comes out to $5,000,000 in interest income. Divide that sum by 31,000,000 shares and you come up with $.16 a share. Divide that by 4 quarters and the minimum earnings per quarter s/b $.04. Now, if they come out with any less than that amount it would imply they are losing money on their operations. The above may be over simplistic, but I'm adding to my position in incremental steps and want to be sure they can at least show $.04 a share in the next quarter. What do you think?