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

To: pappy who wrote (972)	7/8/1998 1:11:00 AM
From: yosid	Respond to of 1386

I've been trying to accumulate information on the possible repercussions of an economic down-turn due to the approaching Y2K unknowns. What I found was scary, and I wondered how investments in optical stocks would be effected. It works like this: What COULD happen due to computer malfunctions in 2000 should scare the hell out of anyone, particularly investors. Approaching the Century turn, uncertainty will make investors and the public seek safety, reduce optional expenditures, and generally, attempt to preserve their assets. Refractive Surgery --- elective surgery! (Optional by today's standards) Result. All refractive stocks take a dive due to falling procedures. Laser manufacturers will receive less royalty income and sell fewer machines. The prices will dive dramatically. Beam will do a little better because it also sells contacts, these being a bit closer to essential. All this goes say that over the next 18 months, we should ride the upturn, but bail around June 99 if we want to preserve our gains.