Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (6826)	4/18/1999 5:06:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78530

Thanks for that comparison, Mike. I own SLMD since last June. Still looks bad enough to be good enough for me. Flat sales, almost no ROE. Ugh. Reason for buying: strictly numerical: psr: low, p/bv = less than 1. And for those who follow insider buying: lots of it (imo). Paul.

To: Michael Burry who wrote (6826)	4/18/1999 6:07:00 PM
From: James Clarke	Respond to of 78530

Nice analysis. Thanks for the head start - I should be getting a package on VAR at the office tomorrow. Expect a few more questions, because what I know about this industry would fit on the back of an envelope. A very small envelope. JJC

To: Michael Burry who wrote (6826)	4/18/1999 11:28:00 PM
From: TwoBear	Read Replies (1) \| Respond to of 78530

Mike, ADAC produces three things. 80% Nuclear Medicine equipment, 15 % Radiation Therapy Planning systems, and 5% Hospital information system (not oncology specific). The only products that they compete with Varian on are RTP systems, and ADAC is the market leader with their Pinnacle product. We have one. CMS, a private company is second, with Varian struggling with the rest of competitors for third. But, Varian just entered this arena two years ago, whereas the others have been there for the long haul. Where Varian has plenty of room to grow is where hospitals building new therapy centers are installing all new equipment and Varian offers the "whole package" allowing the hospital to only have to deal with one vendor for all equipment (Linear Accelerator, Simulator, RTP system, Radiation Oncology specific information system, HDR afterloader for brachytherapy). As for the others, OEC is no where near competing, Spacelab is a partner of Varian on their Brainlab stereotactic product, I am not sure what products CR Bard produces. On the issue of x-ray tubes, remember that I have been told that Varian has a patent on new solid state cooling devices for x-ray tubes that eliminates the need for oil in the tube which is in a vacuum and when it cracks can cause tremendous damage to other parts of the machine. Thus, they may increase their x-ray tube penetration higher than 25%. 2