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Biotech / Medical : Elan Corporation, plc (ELN)
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To: Lance Bredvold who wrote (420)7/20/1999 6:27:00 PM
From: All Mtn Ski   of 10345
 
Perhaps the SEC found the annual reports confusing as well and thus started the probe into ELN's accounting practices. I think this is a great company (35% net margins), with a good pipeline of products. However, upside may be limited until this SEC thing clears up. The CFO recently dismissed the inquiry, and said it should be resolved in a few weeks. IF the SEC says everything is cool, then the potential of this stock can be released.

Tom
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