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Biotech / Medical : Arterial Vascular Engineering AVEI -- Ignore unavailable to you. Want to Upgrade?

To: mmeggs who wrote (391)	10/29/1998 10:58:00 AM
From: Dave Chanoux	Read Replies (1) \| Respond to of 410

Reverting to higher math: I think about the Bard transaction this way. Case I: Before Bard (BB) AVEI has X in cash and marketable securities which produces income Y. Y goes to the income statement contributing to earnings. I don't know how much Y is. Case II: After Bard (AB) AVEI has X-600 in cash which produces income Y-Z. We could argue about what Y-Z is but I think that is secondary. The line of credit is at Prime + or about 8% today (as I read the 10K). AVEI must have drawn some on the L of C at 8% to make the Bard purchase. Using cash on hand just reduces the Y. Give or take a few million, the income statement is short $.80 per share per year, assuming no income from Bard. Of course, one would expect they could generate something from Bard. Any income above about $48 million increases EPS. Regards, Dave Chanoux

To: mmeggs who wrote (391)	11/24/1998 11:27:00 AM
From: Mike	Read Replies (1) \| Respond to of 410

Check out the news from MDT last nite. They sold off a chunk of there Interventional Vascular business to IntervascularTheraputics. Is MDT going to exit this business? I would think to compete that they can not leave. They have done a very bad job since it's inception and need to make an aquistion to make it work. There have been many discussions in reference to AVE surviving on its own. I have been a long term holder of MDT and would love to see then make a play for AVEI. It would be in the best interest of both companies to "maybe" consider getting together. What does the board think? I make this comment due to MDT announcement last nite. Comments appreciated, Mike