XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 24.85

-7.7%

Feb 5 3:59 PM EST

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To: Bluegreen who wrote (11416)	8/19/1999 5:33:00 PM
From: opalapril	Read Replies (2) of 17367

I'm not Cacaito but my take on the hu1124 announcement is, shall I say, mutedly optimistic. The press release has all the earmarks of something arranged since Monday night. Remember the last time? Xoma said they couldn't announce until all details had been worked out and the agreement signed. Then Genentech preempted them, leaving Xoma exposed and looking damned foolish. But suddenly today, it's okay to trumpet something agreed to in 'principle'? Looks like a sort of life ring; friendly compensation one might say for the earlier screw up. Nevertheless, I think it is really good news, only for a different reason. I doubt Genentech would have done this for Xoma unless there really had been a preexisting general understanding along the lines announced. I also doubt they would have done it for Xoma unless the relationship here is a lot more cosy than we have supposed. Reminds me of something analogous. What do the Norfolk Tide, Toledo Mud Hens, Portland Mavericks, and Xoma, Ltd. have in common?

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