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  • Additional Information
    • Abstract:
      The article presents information about Diasonics. The company went public in February 1983, selling 5.6 million shares at $22 a share, a price that put a value of $134 million on the entire company. That was just the beginning. It soon climbed to $29 a share, adding $39 million more to the company's market value. One year later, Diasonics is selling for about $6.50 a share, and $127 million in market value has vanished into thin air. Instead of 60 cents per share in earnings, the company expects to report a pretax loss of at least $60 million, maybe $65 million.