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Biotech / Medical : XOMA. Bull or Bear?
XOMA 32.37+5.4%11:14 AM EST

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To: opalapril who wrote (6505)6/21/1998 10:47:00 AM
From: aknahow   of 17367
 
Opala, the so called unfavorable results were mentioned before and the XOMA FAQs deal with this incorrect view. The Trauma P II trial results were very encouraging. See the annual meeting graph for proof. If you look at the H & Q record of performance for the companies it has underwritten and recommended, I do not think you will be impressed. The footnotes disclose the existing relationships. I don't believe they recommend a single biotech they have not had in their stable.

One of the reasons I like thestreet.com and Jessie Eisinger in particular is they always point out if the the recommendation for a stock comes from someone with an underwriting relationship with the company underwritten. If XOMA eventually develops a similar relationship I will find the underwriters recomendations interesting but I will not consider them unbiased.

Eventually I would hope that someone like thestreet.com could do biotech confrences using other than underwriting as the basic criteria for who gets invited. While this would not mean XOMA would be invited, it at least would provide information on companies that were selected in a disclosed, impartial manner. TSC has already begun to rate mutual funds in an innovative manner but unfortunately they have no plans to take on the existing conference pimps.
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