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

To: Ultimate Investor who wrote (1057)	9/13/1998 1:43:00 PM
From: Don Hand	Respond to of 1386

Could you expand on that idea ? Were you saying Lens Express is dragging it down ? I read the report on contact lenses and it did not sound too bad. optistock.com Even though Summit was not mentioned it pretty much outlined the current and future market. Sending their customers stuff about laser vision still sounds like a good plan. The Value Line paper also mentioned that. " ..Moreover, the legal expenses that were a major cost can be better invested in marketing and sales activities to promote laser vision correction procedures, in turn building the base that is the real Summit mission. Thus, there is reason to believe that earnings can now move toward the dollar-a- share target we have set for 2001-2003" Last week as I was rushing to catch a flight from Chicago I noticed one of my customers holding a Lens Express document. When I get back this week I will interview her on this. To date I have only seen her wearing glasses. Another customer at the same site recently got laser correction performed. And she had the Lasix (sic) procedure. I will also interview her and learn what vendors machine was used and how it has worked out so far. She is in the computer software business and I know she has been working right along since that short time away from the office.

To: Ultimate Investor who wrote (1057)	9/15/1998 8:43:00 AM
From: Mo	Read Replies (1) \| Respond to of 1386

Are you saying then that the market is assigning value ONLY to BEAM's cash horde, and absolutely no value to its businesses both laser and contact. Is that what you're saying? If so, what do you think it means. Great upside potential for the EVENTUAL recognition of the hidden value, or eventual collapse to 0 as the management squanders the cash and the fierce competition in the laser business renders BEAM's technology obsolete. I have my own opinion. I think it is the former. However it is a risky proposition. Very risky.