Word: lomb
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Dates: during 1970-1979
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...making investment decisions, Talley goes far beyond detailed statistical analysis. She interviews company executives to "get a feeling for the management," sometimes called woman's intuition. She was among the first analysts to recommend Bausch & Lomb and MGIC Investment Corp. before their rises. Talley is now investing mostly in small companies with special kinds of markets because their profit growth is not monitored by Phase II regulators, and they often have no real competition...
Baby-Bottle Boil. There may be less to the soft revolution than meets the eye. Bausch & Lomb began marketing its Softens on a limited basis last week in Portland, Ore., but so far soft lenses are virtually unavailable elsewhere in the U.S., and company officers say they will not be sold nationwide until next year. One potential competitor, Griffin Laboratories of Buffalo, only last month received Food and Drug Administration approval to begin testing its product. Another manufacturer, Union Corp. of New York City, has not even applied for approval...
...popping claims, some ophthalmologists have found disadvantages in soft lenses. They provide less visual acuity, and they cannot correct extreme astigmatism. Because the porous plastic they are made of drinks moisture like a sponge, soft lenses are difficult to keep sterile. Wearers of Bausch & Lomb Sofenses are advised to boil them for 15 minutes each night in salt water. Table salt is not recommended because of its iodine content, nor is tap water because of a variety of impurities. Each pair of Soflenses comes with a bottle of salt tablets and an electric sterilizer that resembles a baby-bottle warmer...
Some investors are beginning to worry that the initial stock market euphoria has gotten out of focus, and Bausch & Lomb stock has retreated more than 20 points from its 1971 high of 147. At prices like those being charged by ophthalmologists in Portland-$325 to $400 a pair, or about twice the cost of some hard lenses-big demand for Softens may prove to be an optical illusion...
Still, there are plenty of optimists among U.S. ophthalmologists. It is within their ranks that the battle between hard and soft will be won or lost-because contact lenses are dispensed by prescription. While some ophthalmologists and optometrists bridle at the wholesale prices that Bausch & Lomb is charging them-about $100 a pair-others have become zealots. "I intend using the soft lenses on every patient I possibly can," said Dr. Mary Young, who maintains a 3,000-patient-a-year optometrical practice in Braintree, Mass. Until she tried on a pair herself at a Bausch & Lomb seminar last week...