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Re: reference point     28-Oct-09 10:19 am    
not sure what your point is here, but ev3 atherectomy numbers are flat as well. Despite all their arm waving over the last two years, atherectomy growth is flat for them (vs down one would conclude from your transcript excerpt). ev3 had a $1.6m charge slamming that atherectomy number, so adjusted, they were just ~$200k positive at ~$21.2m.

ev3's story in atherectomy is about like spnc's over the last 24 months: ~"Although competitors product offerings and promotions encourage our clinician users to try other products as they come up, we think our existing product line up is the best for pad and cto and our new, super duper deluxe imporved version will rule the day as we launch it." While shorting these stories seems unwise, the new buysiders following along aren't impressed with the promises they've repeatedly heard. imo it really is all about execution, and the shares are in a big snowdrift until mgmt extricates them with sustained performance/profitability.

EV3 from transcript link:
>>
Compared to Q2 ’09 atherectomy was negatively affected by approximately $1.6 million relating to a sales reserve on RockHawk and normal seasonality in our European business. We remain encouraged by the progress we are making and expect that the recent launch of our new TurboHawk atherectomy system, along with the positive momentum we have seen in September and October will have a positive impact on sales going forward. I’ll discuss TurboHawk more in a moment.
<<
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sirdrsardon...

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  Subject Author Rating Time of Post (ET)  
 
one year ago rev's ==26.84 M last qtr rev's ==29.03 M ...
jfcox55 Rate it 27-Oct-09 12:27 pm  
 
Jay, q3 is always seasonally light for them and m...
sirdrsardon... 27-Oct-09 04:33 pm  
 
one more point -- they specifically referred ...
sirdrsardon... 27-Oct-09 04:35 pm  
 
ev3/Foxhollow/TurboHawk 10/27 CC: "Wit...
babyitsawil... Rate it 28-Oct-09 03:25 am  
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The Spectranetics Corporation (SPNC)

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