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


To: James Strauss who wrote (954)7/5/1998 11:53:00 PM
From: Louis Cristiano  Read Replies (2) | Respond to of 1386
 
Thanks, James.

One hundred million is cash and a stock price under $6.00 did seem out of line. But still, BEAM looks a lot better on a risk/reward basis than VISX at $61. And a great deal better that the mania going on in the internet stocks.

What is going on in the internet stocks is a repeat of the 'tulip mania'. Anyone read, 'Popular Delusions and The Madness of Crowds'?