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Biotech / Medical : VISX -- Ignore unavailable to you. Want to Upgrade?

To: capitalistbeatnik who wrote (1128)	5/21/1999 10:16:00 PM
From: Joe Donato	Respond to of 1754

Dear VISXbull, perhaps you weren't speaking directly to me when you wrote this post, but in case this was directed at me, I wanted to make something perfectly clear. Somebody asked on this thread why the stock was weak and selling off this morning. I responded with the story that I had heard and what I believed the concerns were based on. I also responded that I knew nothing about the merits, and so forth. So I think you may have misunderstood, and blurred the difference between someone taking a bear position vs. someone who was answering a question (with a position that you found unfavorable). I am neither a bull nor a bear in VISX. One more thing, as I said previously, VISX warns in their financial report that there "could be material adverse effect" on this ruling - they would NOT say this unless there was a chance (however small) that it was true. They do this so they can say the "warned" the stock holders in the event that this outcome happens. I presume therefore, that this IS a potential outcome as judged by their own attorneys who authored the statement. For you, or any analyst to say that this is not a possible outcome, it seems to me, would be putting yourself in judgement of the merits, and taking a position that VISXs own attorneys won't take.