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Biotech / Medical : Biotech for less than cash value

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To: scaram(o)uche who wrote (26)5/10/2002 4:17:46 PM
From: nigel bates  Read Replies (1) of 684
 
VGNX is absurd, agree. (eom)

But not LSBC, yet... ? <g>

LSBC
                                      March 31, 2002  December 31, 2001
Assets -------------- -----------------
Current assets:
Cash and marketable securities $ 41,161 $ 48,779
Other current assets 1,619 1,662
----------- -----------
Total current assets 42,780 50,441
Property, plant, and equipment, net 18,059 18,882
Intangible and other assets, net 7,244 7,589
----------- -----------
$ 68,083 $ 76,912
=========== ===========

Liabilities and Stockholders' equity
Current liabilities:
Accounts payable and accrued expenses $ 3,031 $ 2,921
Current portion of long-term debt 103 107
Deferred revenue and customer advances 350 278
----------- -----------
Total current liabilities 3,484 3,306
Long-term debt 241 249
Long-term deferred revenue 169 320
----------- -----------
Total liabilities 3,894 3,875
Stockholders' equity 64,189 73,037
----------- -----------
$ 68,083 $ 76,912


VGNX

                          Balance Sheet Data
(in thousands)
(unaudited)

March 31, December 31,
2002 2001
Cash, cash equivalents and short-term
marketable securities $68,548 $72,918
Working capital 66,182 69,709
Total cash and marketable securities 73,089 80,029
Total assets 83,077 90,932
Stockholders' equity 76,493 82,983
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