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Biotech / Medical : Incyte (INCY)
INCY 101.78+0.5%Nov 20 3:59 PM EST

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To: George Sepetjian who wrote (591)4/9/1998 10:45:00 AM
From: Rocketman  Read Replies (1) of 3202
 
George,

You mean beyond its all time high. Notice their revenues increase to $30.4M for 1Q, up from $26.6 in 4Q 97, a 14.3% increase. That annualizes to $121.6M without further rev increase. At H&Q in January Roy Whitfield, CEO said they had a previously contracted $105M committed to them, and expected $145-$150M rev for the year. They sure seem on track for it to me. If they keep increasing at 14.3% per Q all year, their 2Q rev should be $34.7M, their 3Q rev should be $39.7M, their 4Q rev should be $45.4M, and their 1998 rev should be $150.2M. Works for me!

Gone to the beach for a week, see ya later.

Rman
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