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Biotech / Medical : VISX -- Ignore unavailable to you. Want to Upgrade?


To: Bajasurfer who wrote (646)7/15/1998 5:23:00 PM
From: Jim Mac  Respond to of 1754
 
Using same tax rate as Q1, Q2 would have been over $0.70. Going forward, Visx will keep all its PRK royalties instead of splitting them with Summit, which should be a net royalty gain for Visx, and a net royalty loss for Summit since Visx systems now doing 70% of all procedures. Add in lower legal and we're talking 1998 fully taxed EPS of $2.33, assuming fully taxed Q EPS of $0.45, 0.58, 0.65, 0.65. That may be low.

1999 might be $3.00 to $4.00 with hyperopia.