Accuray Shares Gain Despite New Product Launch By Competitor

This article from WSJ summarizes it quite well:

>>Accuray Shares Gain Despite New Product Launch By Competitor

Medical-device maker Accuray Inc. (ARAY) shares gained Wednesday even as a new product hit the market to compete with the company's flagship radiosurgery device, the CyberKnife.

Varian Inc.'s (VAR) new TrueBeam system, which was unveiled to investors Wednesday, may be a game changer in the field of radiation oncology. Still, Wednesday's share gains by Accuray could indicate investors don't think TrueBeam entirely closes the gap in competing with the CyberKnife in the more specialized area of radiosurgery, observers said.