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Biotech / Medical : idexx labs(idxx)

IDXX 669.99

-1.0%

Jan 2 9:30 AM EST

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To: george who wrote (183)	11/16/1997 2:18:00 PM
From: Steve LaRiviere	Read Replies (2) of 233

Hi, George, You are correct regarding the possibility that inventories were stockpiled to increase earnings, although I do believe CEO David Shaw when he said this was a mistake due to difficulty dealing with rapid expansion. I also think that manipulating inventory like this is a tactic that a management team that employs short term thinking would do, since it is very easy to get in over your head. I like to think this management team is alot smarter than that. Of course, this is only my opinion, FWIW. I guess it comes down to faith. Their previous performance has earned mine. Regards, Steve

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