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Biotech / Medical : AFFYMETRIX (AFFX)

AFFX 14.01

0.0%

Apr 1 5:00 PM EST

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To: Christine Prokop who wrote (490)	9/23/1997 7:00:00 PM
From: Boyce Burge	of 1728

CP... Burn rate is just that... how fast the co is using up their cash. Since ABSC has $50 mil, and is burning it at about $4 mil/year, they could last for 10 years before going back to sell more shares, or borrow. The good biotech cos have enough cash that they never need to dilute your shares by issuing more stock, and I think ABSC will be such a company. Sonus is another, for example. The WLA deal today will bring Aurora 8 1/3 million per year, already enough to put them in the black, if expenses dont grow to much.

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