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Biotech / Medical : Trickle Portfolio

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To: tuck who started this subject	10/22/2001 5:01:41 PM
From: nigel bates	of 1784

UK Trickle minnow warns - LONDON, Oct 22 (Reuters) - Shares in Britain's Genetix Group Plc (LSE: GTX.L - news) plunged over a third on Monday after the supplier of robotic gene research equipment said annual profits would be "significantly" below expectations due to deferred orders. At 1410 GMT the shares were 37 percent, or 48-1/2 pence, lower at 81-1/2p. "A number of customers have delayed purchasing decisions even where Genetix has been chosen as the preferred supplier," the firm said in a trading update. "As a result, revenues for the second half of the year will be adversely affected and as a consequence, profit before tax for the full year will be significantly below market expectations," it added...

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