Jim, I did get through to Rachel in IR last Thursday. I asked about Symbios, and got the expected vague response. Upon pressing that they......mngt. must have something back by the FTC by now she said something to the effect that they still expected the deal to go through. Mentioned end of June / beginning of July.
I also asked if ADPT expected to pre-announce the quarter, and she said not that she was aware of, reiterating comfort with the 1st call consensus for the quarter.
I also pressed to find out specifics about Saviors purchase as referenced in the San Jose Mercury news (50,000 - 100,000 shares), and whether there was any other insider buying. She either didn't have the data or wouldn't give it to me. (FWIW, By virtue of the date of the Mercury report, Savior paid about $17 per share).
I suggested (pleaded) that if there is insider buying and they are comfortable with the quarter, why not go public with it to help restore some confidence and bolster the share price. She replied that the analysts are calling and receiving the same information and that there was (is) a Bear Stearns conference today. I also told her that they need to do a better job of returning shareholders phone calls!!
Regards,
Larry |
