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Biotech / Medical : Biotech for less than cash value

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To: tuck who wrote (130)9/24/2002 4:23:20 AM
From: nigel bates  Read Replies (1) of 684
 
They (MEDX) do indeed. I would also assume a write-down of some of their investments in the next set of results.

  
June 30, December 31,
2002 2001
(unaudited) (1)
Cash, cash equivalents and marketable
securities $402,126 $466,952
Other current assets 15,754 24,860
Property, buildings and equipment, net 84,818 79,860
Investments in, and advances to
affiliate and partners 128,299 128,084
Other assets 24,692 20,671
$655,689 $720,427

Current liabilities $33,834 $44,486
Other liabilities 15,264 18,379
Convertible subordinated notes 175,000 175,000
Shareholders' equity 431,591 482,562
$655,689 $720,427

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