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Biotech / Medical
Is VISX [EYE] the Next RMBS?

An SI Board Since June 2000

Posts	SubjectMarks	Bans	Symbol
24	1	0	EYE

Emcee: The Prophet	Type: Moderated

Introduction Market Data Compact

VISX was pummeled from a high of 100 or so to under 20 due to a confluence of adverse events: (1) the ITC declined to ban a competitor's laser from the USA in a patent dispute, (2) they experienced flat sequential earnings growth, and (3) they cut their royalty dramatically?

Nevertheless, VISX recently received encouraging news from the US patent office regarding a reexamination of one of their patents. Should it turn out that VISX has blocking patents on all competing lasers, they could theoretically extract royalties for all laser procedures. If so, the stock's fair value would be nearly ten-fold from where we are. Sounds like another interesting stock: RMBS.

Even if they were not to prevail on the patent issue, VISX's products are entering the growth phase of the "S curve," and should benefit from widespread adoption of laser eye surgery.

What do you think and know about their prospects?

Prophet

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
24	Thanks! 100 could be conservative if VISX becomes RMBS!	The Prophet	-	9/20/2000
23	Your thoughts were echoed in Barron's few days ago! Message 14246459	Ram Seetharaman	-	9/20/2000
22	This stock is grossly undervalued from a risk/reward standpoint. If their paten	The Prophet	-	9/20/2000
21	From H&Q - VISX, Inc. (EYE) $29.81 - $1.8B mkt cap: '388 Patent Reexam	Ram Seetharaman	-	9/20/2000
20	Looks like the first step towards being Rambusized: September 19, 12:34 pm East	The Prophet	-	9/20/2000
19	Thanks, Thai. Good find. This company is just entering the S-curve. If my gue	The Prophet	-	8/2/2000
18	August 1, 2000 This Won't Hurt a Bit By Robe	Thai Chung	-	8/2/2000
17	Interesting. The report does not specify how much VISX Icahn is buying, but I&#	The Prophet	-	7/29/2000
16	Friday July 28, 6:31 pm Eastern Time Icahn files for shares of VISX, which sets	Thai Chung	-	7/29/2000
15	VISX showing buying strength today, with the NAZ down 90 some points for/if NAZ	Susan Saline	-	7/19/2000
14	Company Reports:VISX INC DEL Wall Street Recommendations Number of Brokers Re	Susan Saline	-	7/14/2000
13	What do you think about tomorrow, Ian? Others?	The Prophet	-	7/13/2000
12	I don't know, Ian. I'm sure it does. It was once an analyst's darl	The Prophet	-	7/11/2000
11	Does this stock have any analyst coverage?	Ian Anderson	-	7/11/2000
10	Looks like VISX is ready to break out towards 35-40. I just need RMBS to make a	The Prophet	-	7/1/2000
9	Let us know what you see.	Kachina	-	6/28/2000
8	Thanks. FYI, the adverse ruling was before the International Trade Commission,	The Prophet	-	6/27/2000
7	I have looked at it a bit, and I have to say it's a coin toss as far as I a	Kachina	-	6/26/2000
6	I agree 100% with your analysis. What I'd love to do is to figure out the	The Prophet	-	6/25/2000
5	Basically agree with all that. I see this as a two way play. 1. It's got g	Kachina	-	6/25/2000
4	What happened was very interesting. Investors were beginning to see that laser	The Prophet	-	6/24/2000
3	Why did this stock have such a large plumit? I see the upward potenial if it c	mark collins	-	6/24/2000
2	Any patent experts ready to comment on this quote: ``I think it will be very d	The Prophet	-	6/24/2000
1	Well, the inaugural post. I hope Zeev and others from the RMBS thread will ind	The Prophet	-	6/24/2000

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