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Biotech / Medical : Geron Corp.

GERN 1.180

-0.8%

Nov 28 9:30 AM EST

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To: BulbaMan who wrote (954)	2/14/1998 4:22:00 PM
From: Pullin-GS	of 3576

I don't consider West leaving Geron bad news at all. He was only the founder of the company.....I guess that he had such high hopes for GERN succeeding that he just thought he would let someone else soak in the glory and receive the financial rewards. ;-) Now that Geron is a more established and publicly-traded company, he's apparently interested in moving on to something different. *Sigh*...Now he is off to spend another couple of mill of his money to get another company started so someone else can make it "more established". I wonder how much better MSFT, ORCL, or INTC would have done if the founders would have left in their infancies. Or let me present another possibility...he bailed before the feces hit the fan. Perhaps he was the insider selling his shares last month? Note the stock tanked from 13 1/4 to 12 1/4 within 24 hours of the news being released. I guess the market has spoken. I do expect GERN will (any smart company would at least) release some positive news soon in response to this....that is why I covered my short. The stock will recover some...in the short term. Good luck.

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