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Biotech / Medical : Nuvelo (Nasdaq: NUVO)

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To: rogermci® who wrote (109)	2/4/2000 1:33:00 AM
From: Edscharp	of 286

<<Rathmann didn't do beans for ICOS.>> On the one hand, I always felt that ICOS was somewhat over-priced compared to other biotechs and that the premium was clearly due to they hype and presence of Rathman, and of course, Gates. But, everyone who talks about ICOS has told me that ICOS's management and science are first rate. Of course, that and a $1.50 will get you a cup of coffee at Starbucks. Their lead drug candidate, Leukarrest, failed P3 trials last fall. This can happen to any biotech and shouldn't be blamed on any single individual. I do tend to agree that a 100% run-up is a bit much for Rathman's presence. Now, if he could only get Bill Gates to buy 20% of HYSQ then he would have really earned his salary. Regards, Ed [Disclosure: I bought in at $4.50/share and then some more at about $6.50. I'm one happy camper right now.]

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