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Biotech / Medical : QDEL - Quidel more quick diagnosis

QDEL 24.35

+14.3%

Nov 21 9:30 AM EST

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To: steve dietrich who wrote (606)	4/12/1997 1:42:00 PM
From: Robert Busse	of 1693

Steve, Good point on CellPro suit - You are correct in noting that no lawsuit is like any other - Hang in their guys, the shareholders of Qdel will do ok (myself included)- I thought the earnings would be out in late April, 1997, but I just learned that, since they are year end earnings and an annual audit must be completed before their release, it will be more like mid May. This is nothing new-it happened last year and in prior years as well. The next month or so may be tough on the market generally and on Qdel holders in particular, but I still believe more strongly than ever that we will see very good quarterly and annual earnings come mid-May. I suspect the lawsuit will be resolved fairly quickly (within 1 year at the outside) and perhaps a whole lot quicker than that if it is settled. Also, unlike CellPro, Qdel is not a 1 product company- it has many other tests on the market and in development, most notably HP and influenza tests and its Safeplan product. None of these are affected by the lawsuit. BOB

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