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Biotech / Medical : wla(warner lambert)
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To: Linda Pearson who wrote (95)11/14/1997 10:09:00 AM
From: Ted Downs  Read Replies (1) of 942
 
Linda,

I usually don't even comment on WLA because I am in it at such a great price that it's become a core holding of mine with too much taxable profit to sell. Therefore I usually don't worry about it and try to figure out what's going on because they have so many great new products and pipeline products I'll be holding it for a long time to come. As a sidenote, I was talking to someone from WLA at a meeting earlier this year. I asked him if they were ready to split it again and it was around $105 at that time. He said that the rumor was they were going to let it go to $150 and then split it 3 for 1. This was of course just talk but food for thought on a rainy day here in the east.

Ted
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