Joe,
I called the company and learned that Mr. Elliott Werber , VP of marketing + sales, resigned to become head of a new division of Bergen Brunsweig (SP?), one of the largest independent distributors of medical products. Apparently, they had admired his work when he was at General Medical and, when they decided to start a new division, they made him an offer he couldn't refuse. Apparently, the sales for the quarter are going well since everyone is very busy, I am told. Another bit of good news, though, is that Quidel will be the primary supplier of rapid diagnostics for Bergen Brunsweig, where Mr Werber is going. Don't worry, Qdel will do just fine - notice how they went up to approx 4 3/4 in recent weeks before closing down at 4 3/16ths today - I think this is just another buying opportunity. I think that after the 3rd quarter results are announced at the end of January, 1997, we may not see such a good buying opportunity again for a long time. Hope I'm right
BOB |
