AFFYMETRIX (AFFX) Message Board

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Biotech / Medical : AFFYMETRIX (AFFX)

AFFX 14.01

0.0%

Apr 1 5:00 PM EST

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To: Kenneth J. Maxwell, M.D. who wrote (531)	10/6/1997 9:24:00 PM
From: Bill Wexler	of 1728

I agree with you. I think the technology is exciting and compelling. However the bean counter in me has to measure risk vs. reward. I have seen many exciting technologies in the computer and biotech industries. Not all of them meant good returns for the early investors. My guess is that if GeneChips and the associated test equipment generate the profits to match the hoopla, there will be many, many opportunities to buy this stock in the future at much more reasonable prices. I would feel a lot more comfortable at the current price if Affymax had hung on a little longer before spinning off Affymetrix. Why are small investors bearing the brunt of the risk now? This company was very well capitalized about 5 or 600 million dollars ago. It looks like it has become a momentum stock.

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