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Biotech / Medical : Biotech Valuation

CRSP 50.19

+1.8%

Nov 21 9:30 AM EST

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To: Biomaven who wrote (453)	12/16/1999 2:17:00 PM
From: Mike McFarland	Read Replies (3) of 52153

At the I.I. forum Maderis said something about Genzyme having to sell shares of Gizzmo as a result of the whole CEGE thing--anybody understand that? Maybe they are simply paring down to a be a minority shareholder, might help keep the price depressed for awhile, while I for one sort out some details, like why buy a tracking stock if it all belongs to Genzyme anyway? Maderis was pretty adamant that what is under the roof at Gizzmo belongs to the shareholders, which is confusing to me--what I see in the Genzyme annual report suggests that everything in all the tracking divisions really belongs to papa Genzyme. See the third paragraph of this post here: Message 12262414 I'd really like to have this clarified: Lessee, if I swap Isis, which does not seem to be working too well for the dead cat bounce today, take my $700 chump change and churn on over to Gizzmo at $5 maybe that will get me off my butt on that: I'll write a letter to Gizzmo and Genzyme investor relations and see if they can clarifiy, after all, I am a shareholder <g>. Etrade loves people like me who pull the trigger and then ask questions, a very bad habit which I will have to break.

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