Biogen Message Board - Msg: 3191550

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Biotech / Medical : Biogen

BIIB 181.89

0.0%

Nov 26 3:59 PM EST

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To: Harold Engstrom who wrote (546)	1/16/1998 10:01:00 PM
From: Harold Engstrom	Read Replies (1) of 1686

The balance sheet is very robust. The Smith Barney analyt referred to cash as being $350MM, but the actual figure is $440MM. Receivables are up and long term debt is up slightly. I question the put option shown on the liability side of the ledger: does anyone know what this is? I am guessing that the European launch will ramp up similarly to the US launch. If that is so, avonex revenues should increase by roughly $15-20MM per quarter. Maybe V1 can criticize these questimates - what is your opinion Vector? Harold

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