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Biotech / Medical : Oscient Pharmaceuticals Corp. (OSCI)

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To: Joseph wang who wrote (37)	7/12/1996 9:07:00 AM
From: Jeff Lee	of 1154

Joseph, the problem with a market downturn is that they sell everything and ask questions later. Alot of emotional selling and know reasoning. Taking nothing away from GENE, INCY I believe is perceived to be the most advanced in their DNA sequence database and gene expression database and their stock price reflects that. Rising interest rates doesn't help this sector either. GENE is very well positioned and moving forward with lots of working capital and continuing with new collaborations. Beginning of 1996, 1 mutual fund held GENE now the count up to 11. Jeff

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