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Biotech / Medical : Techniclone (TCLN)

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To: Alys Hall who wrote (2658)10/22/1998 9:27:00 AM
From: Jim Baker  Read Replies (1) of 3702
 
So it's a few days after that conference call, and the stock is down.

No surprise.

My favorite part of the call: Someone asks Larry about the size of the market for TCLN's drugs. Larry gives a vague “one billion dollars” response.

Now this is the kind of slow easy pitch he should be hitting out of the park. Instead, he goofs and assumes the current size of the market has anything to do with TCLN's potential revenue.

Sorta like asking Bill Gates in 1980 how big the PC industry will be in a few years, and he answers “well, it did $500 million in revenue this year”.

Way to go Larry. That conference call was great. It sure inspired us all and it sure helped the stock.

Some companies get the best and the brightest, some get all the dim bulbs.
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