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

To: majormember who wrote (1115)	3/24/1999 2:55:00 PM
From: The Tower	Respond to of 1386

Looks like some bigger guns liked the the annuals financial statement. So looks like this ones might run on us, Keep the line taught, and your poles up if it clears the water. Good luck Jim

To: majormember who wrote (1115)	3/24/1999 4:18:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 1386

I am here skane, got it later than you at 6 7/8...great call....the old neckline was sitting at 7.00...this should gap a couple of points in the morning...the hunger is there...we enjoy the small VISX's of the world....

To: majormember who wrote (1115)	3/24/1999 9:07:00 PM
From: Walter in HK	Read Replies (1) \| Respond to of 1386

Actually, in hindsight, we should have all jumped in when someone posted somewhere a few days ago that there would be press conference or a conference call to analysts , after the release. In hindsight, you don't call press conferences when the news are bad. I reflected on it at the time, but decided, who knows what this strange management is up to. Wrong call.

To: majormember who wrote (1115)	3/25/1999 3:09:00 AM
From: Jim Mac	Read Replies (2) \| Respond to of 1386

ATCI deal in April will kill Q2 earnings. And note how Summit's equipment sales stagnated Q3-Q4, along with fees and service revs. Assuming Summit lasers did 10K more procedures Q4-Q1, that'll drop another $2M+ to bottom line, putting Q1 earnings at about $4M+, or EPS $0.13+. (For clean Q4 earnings, look at operating income plus interest income.) But ATCI deal will involve issuing 5M shares of BEAM stock assuming BEAM is at $10 by then, putting total outstanding at 36M+. Read the deal terms at ATCI website. Then, in Q2, with ATCI's $5M quarterly loss factored in, Summit will B/E or lose money, even with more sequential procedure growth. Q3 may be $0.05 to $0.10, assuming another $2M hits bottom line after Q2. So, 1999 untaxed EPS looks like $0.28 to $0.38: Q1/Q2/Q3/Q4: $0.13/0.00/0.05-0.10/0.10-0.15 = $0.28 to $0.38 TOPS.