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Biotech / Medical : Sepracor-Looks very promising

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To: Don Miller who wrote (3375)6/29/1999 10:11:00 PM
From: LLCF  Read Replies (2) of 10280
 
<At the annual meeting, Barberich indicated J&J had looked at buying the company, but elected to pass until Sepracor is profitable. They want any purchase to be accretive to earnings. J&J indicated they would look at them at a later date.>

Just classic isn't it? No wonder biotech is so undervalued... the geniuses at 'big pharma' would rather pay $400 a share in a couple years than $100 now. 'We don't want to do anything that even one brain dead analyst or paranoid geriatric shareholder might construe as NOT warm and fuzzy' said Big Pharma CEO I. Mediocre. 'I'm up for options next year, and retirement in 2 years' he was heard to say after the press conference.

DAK
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