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Biotech / Medical : AFFYMETRIX (AFFX)
AFFX 14.010.0%Apr 1 5:00 PM EST

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To: Paul Weiss who wrote (465)8/25/1997 8:59:00 PM
From: Michael McVey Lusk   of 1728
 
The importance of the Roche news goes beyond the immediate effect on revenues. Although, we can't know the details of the contract, it's clear that a big pharm has made a significant and long-term commitment to AFFX technology, in the belief that EasyAccess will give them a competitive advantage. This will put the other pharms under pressure to match, and we will soon see just how they feel about Genechip. If AFFX really has the right stuff, as I believe it does, we should see a series of additional EasyAccess or similiar contracts signed in the near future.

I agree with you about the suspicious nature of the price moves, although I can't see that it benefits short sellers particuliarly. I too am getting tired of trying to explain mysterious and abrupt 6 point price moves to myself.

Best Regards, MML
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