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jehudith,

If you want to do a more detailed analysis - let me know and we can do it together.
Sounds like a good idea. Wouldn't mind doing that.

I spoke to my broker about 2 weeks ago about resmed - the share price dropped bcs another company has brought out a competitive sleep disorder machine - it is not yet on market
Your broker could be referring to this article from The Age, 24/1/2002
http://www.theage.com.au/business/2002/01/24/FFXH3XYZRWC.html
In a statement released just before the US market closed on Tuesday, Innomedics claimed its "Nasal-Aire" device, which is expected to be released to the market within the next couple of weeks, had already lined up $US20 million-worth of orders and that it had been preferred by 98 per cent of users involved in a "blind" trial.

Or this, from the West Australian, 25/1/2002:
http://www.thewest.com.au/20020125/business/tw-business-home-sto41629.html
Chief executive Peter Farrell said he was sceptical about Florida-based Innomedics"announcement that it had $US20 million ($39 million) worth of orders for its soon-to-be released Nasal Aire device.

Yesterday, Resmed shares slipped 6.7¢ to $9.033 after falling 7.6 per cent the previous day in reaction to the Innomedics announcement.


This was the product I referred in my first post at the start of this thread.


There is also this gem from AFR, 1/2/2002
The strong results followed a recent 10 per cent plunge in ResMed's share price, due to predictions of falling demand from US competitor Respironics.

Respironics and Resmed have slugged it out a few times in the courts over patents.



Chris
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