Tuesday, July 3, 2007

Spectranetics makes Fortune list -- but not the 500

Spectranetics Corp. has hit the big time, making Fortune magazine's annual list -- no, not not the well-known 500 list, but a list of the nation's fastest growing small companies published by its small business sibling.
The Colorado Springs-based medical laser manufacturer ranked 62nd, down six places from 56th last year, among public companies with revenue of less than $200 million and a stock price of more than $1, based on stock performance over the past three years. Banks and real estate firms were excluded from the list, which was compiled by Chicago-based Zacks Investment Research Inc.
"We are proud to be recognized by Fortune for a record of performance that places us among the leading small businesses in the country," Spectranetics Chief Executive John Schulte said in a press release Thursday.
The company's stock, traded under the symbol SPNC on the Nasdaq Stock Market, jumped 31 cents Thursday to $11.54, its highest closing price this year.

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