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Biotech / Medical : Cyberonics (cybx) epilepsy therapy recommonded -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (367)8/17/1998 9:26:00 PM
From: mantle7  Read Replies (1) | Respond to of 471
 
I am not sure I buy your 17cent estimate number. I believe you are using old numbers which do not reflect the change in sales strategy that was announced two months ago. At that time the company would have provided new guidance and numbers to the analysts to reflect higher SGA costs. The analysts might not have bothered updating estimates for 98 since the year was basically over. These results are not a surprise and I believe the stock will trend up with a bit of luck.