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Palomar Issues Quarterly Report

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BURLINGTON, Mass., July 27 -- Palomar Medical Technologies Inc. reported a decrease in revenue for the second quarter of 2000 ended June 30, in part because of lost revenues due to the sale of its Star Medical Technologies Inc. subsidiary in April of last year, the company said. Revenues were $2.6 million for this year's second quarter, compared with revenues of $5.5 million -- Star Medical Technologies' revenues included -- for the same 1999 period. We are extremely pleased with our product development since we sold our Star subsidiary last year, said Louis P. Valente, chairman...Read full article

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    Published: July 2000
    News & Features

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