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Biotech / Medical : Neurocrine Biosciences (NBIX)
NBIX 155.23+8.4%2:16 PM EST

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To: tom pope who wrote (553)3/24/2000 10:41:00 PM
From: aknahow  Read Replies (1) of 1834
 
Thanks. Agree the information came from here, but not sure the conclusion reached was exactly the same. When one says:

"The average technology value (market cap minus cash [and cash equivalents]) is $7.2M per
employee. That value has more than quadrupled since December 1996, when the average
technology value per employee for 100 biotech companies was $1.6M."

is that not the same as saying if the price of a stock goes up 4 times from a point in time when no change in the company has occurred it has by definition quadrupled it value employee ratio, its building value ratio, its pencil and pen ratio. Sounds impressive but not really that meaningful unless one believes that the number of employees rather than sales, earnings, patents. clinical trials is a good measure of value.

Again thanks.
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