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Biotech / Medical : idexx labs(idxx)
IDXX 724.62+1.6%3:59 PM EST

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To: Brian Johnson who wrote (174)10/19/1997 6:04:00 PM
From: george   of 233
 
Several weeks ago, Idexx announced it was taking a loss due to unexpected large inventories in its distributors warehouses ( or so I understood....could be wrong.) This does not make sense to me. One distributor can be a goof ball, but not all....usually, they keep pretty close watch. on their inventories....Or was it a situation where Idexx was selling product on a guaranteed sales basis in order to boost earnings? I have not been able to get a satisfactory answer to this question.
Can you or anyone shed some light on the matter?
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