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Biotech / Medical : Biotech Short Candidates

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To: mopgcw who wrote (684)	6/15/2004 3:32:52 AM
From: tuck	of 897

Probably a good thing that I closed the AFFX short recently: >>June 14, 2004 BOSTON (CBS.MW) -- Affymetrix (AFFX: news, chart, profile) said Monday evening that it's raising its 2004 net income guidance by 10 cents a share, from 50 cents to 60 cents a share for the year. The genomic toolmaker attributed the change to its recent agreement with rival Oxford Gene Technology to convert their patent licensing agreement into a one-time payout to OGT. Under the agreement, Affymetrix will pay OGT $42 million in licensing fees, plus $20.5 million in royalties over 10 years, for a total payout of $62.5 million. The deal will result in Affymetrix recording a $6 million gain to its net income for the second half of 2004, the company said in a Securities and Exchange Commission filing. Affymetrix closed down $0.01 at $27.18 on Monday. The company added that there will be no additional royalties owed to OGT after the $62.5 million payment is made. Affymetrix also said that it expects to post most of the 10-cent gain in the fourth quarter of 2004. Its guidance for the second quarter this year remains unchanged at 3 cents a share. << I was thinking of buying some for Trickle at these levels, but I may have missed my best entry for a while. Cheers, Tuck

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