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Biotech / Medical : XOMA. Bull or Bear?
XOMA 31.80-0.1%Nov 21 3:59 PM EST
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To: Robert K. who wrote (5181)12/24/1997 2:47:00 AM
From: Tharos  Read Replies (1) of 17367
 
Bob,
Not to spank my own monkey but I do remember mentioning Xoma's E5 failure as the cause of the biotech crash that occured shortly after. So in my mind is not so much a project failure as it is a case of a firm that tanked the whole biotech industry. As pointed out by others, Xoma will have to prove itself before it gets the capitalized value that you and I think it deserves.

Asia appears to be imploding, on the surface at least. Watched a news program that showed a lot of unsold Japanese cars parked on the tarmac (sp). One thing that stood out in the Thai segment was that all of the "agreements" shown by the program were denominated in US$. In a slowing economy that has gone from an excange rate of about 20 Bhat/US$ to 36/$ (last time I was there) it just builds the pressure to default on loans. I am sure it is the same with other countries.

Just what this means to the US I am not quite certain. I seem to remember Bubba saying how proud he was in helping the US "export" its way to recent prosperity. I find the devaluation of the Yen exciting. As Japanese products get less and less expensive, consumers will again seek out these normally superior goods. This increased demand for Japanese goods should help this economy.

Enough rambling.
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