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Author Topic: Cyberonics operating in the red  (Read 2723 times)
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Bernard
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« on: February 22, 2007, 05:45:35 AM »

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Analysts also believe Cyberonics should renew its focus on epilepsy, where the market has been sluggish. It's tough to pinpoint the cause, but analysts believe increased company attention can only help, and note Cyberonics has more than four years of patent protection remaining.

Piper Jaffray analyst Thomas Gunderson, who has a market perform rating on the company, said the epilepsy market could grow in a 10 percent to 15 percent per year range, and noted it delivers "incredible gross margin."

Yet Cyberonics is losing money, as it bulked up for a depression business that has yet to materialize
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