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Biotech / Medical : QDEL - Quidel more quick diagnosis

QDEL 25.37

+4.2%

11:19 AM EST

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To: Robert Busse who wrote (545)	4/5/1997 12:20:00 PM
From: Howard Schellenberg	of 1693

Just got back from vacation - boy I must have been typing real fast to say 20-30 million in revenues! Sorry for the confusion. What the rep told me was that QDEL had sold 8 million dollars of strep tests in March. Eight million in Sales, not income. That is some amazing news. And, HELL YES, I think January and February were just as strong if not stronger. The strep virus cases are way up in Jan-Feb over March. Now that I have a bit more time to do the math, lets see..... January - estimate 8 million February -estimate 8 million March - he said 8 million Total Sales = at least 24 million, probably more, since strep is only one of their products and the figure of 8 million was for US sales only. So, we already know from previous conversations that for every dollar over 9 million in their sales, about 50% goes to the bottom line. so 24 million - 9 million = 15 million/2 = 7 million in income for the quarter. They have (as you say) about 22 million shares outstanding. so 7 million in income/22 million shares is .37 per share for the quarter. Even if I'm only half right, the stock will explode to at least $20.

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