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Biotech / Medical : Biotech & Pharma.T.A,

BIB 88.17

+3.2%

Jan 22 4:00 PM EST

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To: tuck who wrote (263)	2/4/2003 4:44:45 PM
From: Jibacoa	Read Replies (1) of 3722

MLNM Was down 7.61% on volume of 14.96M (about 3x its daily average.) Yesterday's L was already a new L (below its Oct.23 L of 7.13) and it was not able to trade at any time today above yesterday's close. It seems to have found some support at the 6.23 to 6.25 level. Its nearest resistance is now at 6.58 before it can try again for yesterday's close at 6.96<g> Although the loss it reported last week was less than the analysts' estimates of $0.27/share and also about $0.02/share less than on the previous year's Q, the calculations were made on 288.500M shares vs. 222.415 M shares in 2001 so the loss of 79.714M was actually higher than the 66.973M in 2001 and the revenues of 96.825M although 77% higher than the 54.611M in the 2001 Q, were below analysts' expectations of $104.6 M.<g> (Excluding restructuring charges and the amortization of intangible assets, the loss in both years was $0.23/share in spite of the larger number of shares in 2002.<g>) siliconinvestor.com MLNM is now trading around 0.69 of book and close to its reported cash/share of $6.10 <g> RAGL Bernard

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