Celera Genomics (CRA) Message Board

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Biotech / Medical : Celera Genomics (CRA)

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To: Jerry Miller who wrote (153)	3/14/2000 1:28:00 PM
From: Carter Patterson	of 746

To some degree you are right...lots of people overreacted...but what exactly was the point that the President was trying to make if it was already freely available on the net? Their statement today accomplished the following.... 1. A 15 second news spot that perceives to the average Joe what a wonderful President we have to be giving technology away for all to thrive. 2. A 10 billion dollar market cap hit to an industry that can truly benefit millions if not billions of people. As Mr. Clutts stated...the government will never be able to privatize the industry. A lot of people needlessly lost a great deal of money today because our President was careless. The market will eventually forgive, but a lot of investors got killed today. For myself personally, I've been out for a while, but I will be coming back with a long term perspective.

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