In the latest earnings conference call, Hausen said that they had already received the FDA's questions and had already replied.
I remember that when Cardica first announced the microcutter development, they said it would have a lot less parts than the current staplers.
Cardica management compensation is way too high. They each need to take a $100K cut. They stand to make a lot of money from their options. The cash burn rate is running at ~$12M per year.
Thanks. I've been trying to learn more. I got into VMware because the Value Line recommends it (Portofolio 1).
Jeffrey Bird of Sutter Hill Ventures has dealt with Covidien's Pharmaceuticals Business. He could grease the skids if Covidien were to acquire Cardica.
I think Bernard Hausen and Bob Newell should make sure that the large medical device makers know about Cardica's portofolio in case Applied Medical attempts to acquire Cardica at a give-away price. I think Applied Medical will try to suppress Cardica's stock price but will fail when the FDA clears the microcutter.
I don't see any bad news coming. Revenues and earnings will be good in the December quarter. The competition is just getting started but it will be a while before they gain momentum. Just as in the stent market, there's room for a couple of players.
Yep. I took a hit today. Luckily I hadn't bought much because I did anticipate something like today happening. I also added to my holdings sub one dollar.
Ten days under a buck and Cardica gets a delisting notice. Cardica can appeal to Nasdaq since its on the verge of FDA clearance. Nasdaq wouldn't want to lose Cardica. Its time to go over the top of Hillal to Covidien, J&J Ethicon, Edwards Lifescience, Boston Scientific, Medtronic, etc... to get a good price for the company.
If the CEO of Applied Medical, Mr. Hillal, has 2M shares of Cardica to sell, it'll make the market deeper and facilitate institutional buying. Its been mostly retail buying since Cardica is too small to attract institutions.
The mutual fund investor has been getting in all year, according to Lipper. I'd guess that we have a Santa Clause rally and then that'll be the peak for 2013 and 2014.