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Biotech / Medical : QDEL - Quidel more quick diagnosis

QDEL 21.90

+10.9%

3:59 PM EST

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To: David Wise who wrote (1402)	2/19/1998 8:41:00 AM
From: Robert Busse	Read Replies (1) of 1693

David, I think you are correct that the royalty payments have hurt Qdel earnings fairly substantially, although I don't think their earning would had doubled without such royalty payments - anyway, your point is well taken that the royalty payments were a substantial detriment to earnings. However, what the Lord taketh away, the Lord also giveth - see my post #1393 re the effect of the NOL carryforward on 4th qtr earnings- this will be much more substantial than the street is anticipating I suspect- presuming Qdel has a decent qtr (and I'm personally expecting their biggest qtr ever) the NOL will not just add a penny or 2 to earnings - it could be as much as a dime or better - some may argue these earnings are "illusory" in the sense that they don't result from a huge increase in revenues and/or sales - however, I think the street tends to focus on earnings surprises and "the bottom line" - I can't help but think a large increase in reported eps will have a very positive and fairly substantial effect on the price of the stock. We'll see. BOB

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