Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: SMALL FRY who wrote (89007)	3/17/2000 2:17:00 PM
From: Lane Hall-Witt	Read Replies (1) of 120523

SF -- CEGE: Hard to see why anyone would be selling this one right here. CEGE market cap currently is $933 million. ABGX holdings alone are worth $674 million; cash and short-term securities are another $250 million. So you're getting the patent portfolio (220 issued, 335 pending), the licensing program for gene-activation technology, a Phase II prostate cancer treatment, a Phase I/II lung cancer treatment, a pre-clinical hemophilia treatment, and research-stage cancer, restenosis, and Parkinson's treatments for a grand total of $9 million. I'd say this could be called "undervalued" -- as if value had anything to do with the workings of the market!

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