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Biotech / Medical : idexx labs(idxx)

IDXX 715.37

+0.5%

Jan 16 9:30 AM EST

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To: Mark who wrote (143)	7/12/1997 5:41:00 PM
From: George K.	of 233

To all, The most recent issue of Maine Securities ran an article on IDEXX saying that the company had already announced that it will lose money on an operating basis in the second quarter. The article went on to say that the company is trying to focus investor attention ahead to its entry into veterinary medicines and away from past bad news about inventory problems, slower instrument sales, and an adverse Federal court decision in a patent infringement claim. Overall, the article was upbeat and the newsletter is generally well regarded here. I went in at 10 and out at 14. There seems to be a resistance in the 13s that I'll watch a while longer before deciding whether to go back in. For sure, I am planning to hold the stock for a much longer period and that was the gist of what the article said other investors were doing George K.

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