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Biotech / Medical : biocircuits BIOC

BIOC 0.435

-13.1%

Oct 24 5:00 PM EST

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To: Xingbo Wang who wrote (34)	6/30/1997 6:47:00 PM
From: Steve Robinett	of 65

I was obviously joking about the percentage gain. At 13/16 I'm just treading water. On a serious note, I find the Beckton Dickenson deal promising. Assuming it goes through, BIOC just solved two of its problems, manufacturing reliability and sales, leaving them free to expand the assay menu with more tests. Also assuming they can get past the second tranche of their financing deal in July, which has a buy-in price of $1/shr, they might have an extra year to try to survive. Sorry about your 6 buck basis. All things considered, it will probably be a while before BIOC sees 6 again. Best, Steve

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