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Biotech / Medical : ICON plc (ICLR) drop 50% in Value is this justified!!!!!!!
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To: Charles Broderick who wrote (15)1/13/2000 2:43:00 AM
From: Charles Broderick   of 16
 
Dublin view!!

Icon: Icon released uninspiring Q2 results yesterday
which were in line with expectations. The results
marked continued recovery from the difficulties of
the second half of the last financial year. Net
revenues rose 30% yoy, although operating margins
fell from 14.3% to 10.1%. EPS of $0.18 for the quarter
was 6% below the level achieved last year. With the
CRO sector remaining out of favour, we retain our
Hold recommendation.

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