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Biotech / Medical : Vivus: into single digits

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To: MIKE DUBIS who wrote (845)8/18/1998 10:49:00 PM
From: VLAD  Read Replies (2) of 1016
 
Mike,

I spoke on the phone today to a friend who spoke to management about the filings amongst other things. It is the lawyers, not Vivus who drafts these statements and the wording is designed to paint the worst possible outcome. At present, the company expects to see break even to a small profit in Q3 and a significant profit in Q4. I agree however that as read it sounds as if the company will not make a profit for the rest of the year. After being sued and accused of making bullish statements to mislead investors, I believe that the wording in the filing is appropriate to prevent further lawsuits.
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