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VISX has mostly tanked because they are suing a smaller competitor Nidek. So far, the suits have been going in favor of Nidek.

However, the suits are not over, and the legal battle will continue for many years in many different countries. In fact, in the US, VISX is suing doctors for using the Nidek system. This puts a lot of risk on doctors.

The longer the litigation goes on, the better it is for VISX, as doctors won't want to even start with the Nidek system if there is the possibility of having to change systems later on if Nidek loses the suits.

The most likely event will be a settlement between Nidek and VISX. A settlement will likely be very good for VISX. Once the suits are all settled, VISX will like soar.

A similar thing happened with Qualcomm. They were being blocked by Ericsson, which was fighting against adoption of Qualcomm's version of CDMA. This kept Qualcomm's stock price way down. Qualcomm soared after an agreement was signed with Ericsson. In the agreement, Ericsson agreed to adopt a CDMA standard which incorporated many of Qualcomm's patents.

If something similar happens with VISX, which I beleive it will, we will have a gorilla with VISX.
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