Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 190.43

-0.7%

Feb 6 9:30 AM EST

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To: Arthur Radley who wrote (7483)	9/24/1997 10:27:00 PM
From: Andrew H	of 32384

>>he says the deal will be announced "by" the fourth quarter of this year. I take this to mean "by" next week. I am surprised by the $50M and "substantially greater " than $25M numbers he quotes. << TD, the term "by the fourth quarter" is probably purposely ambiguous and could be interpreted as by the end of Q4. However, given the exigencies of time, it would make sense to announce it next week. I am a bit troubled by the numbers. People are expecting high numbers and these are too low. However, Robinson may be intentionally lowballing it for greater effect when the announcement hits. After all, he has a lot of incentive to get that stock price up!!!

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