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Biotech / Medical : Biotech & Pharma.T.A,

BIB 77.21

-1.5%

Dec 18 4:00 PM EST

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To: Steve Lokness who wrote (1896)	2/13/2008 11:44:12 AM
From: Jibacoa	Read Replies (1) of 3722

CBMX opened with an UG & is trading above its March 2007 H after it announced that it has been awarded $31.4M by a Federal Court in its lawsuit against National Union Fire Ins. bigcharts.marketwatch.com But the price is still far from its Feb 2007 spike.<g> In Feb 2007 at the time it raised $52M in an IPO. it said that it had developed a system for the creation of DNA and other compounds on a programmable semiconductor chip.(that was in spite of losing $15.5M on revenue of $4.8M during the first 9 months of the year & previous loss of about $140M during its history, & it warned that it "may never become profitable." <g> So far the company has continued to accumulate heavy losses. Will see what it will be able to do with the $31M. <g> bigcharts.marketwatch.com Bernard

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