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Biotech / Medical : Ligand (LGND) Breakout!
LGND 197.62+0.1%Dec 24 12:59 PM EST

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To: Henry Niman who wrote (26561)11/17/1998 8:52:00 AM
From: jayhawk969  Read Replies (4) of 32384
 
Henry,

If Ligand only loses $.02 in the fourth quarter, I for one, will be ecstatic. Except for a 2MM gain on an investment sale this company lost $.45 a share in quarter three. That is a lot to make up with milestone payments. Panretin is not going to do it in the remaining six weeks. Frankly I don't believe this projection. Do you or does anyone else expect approximately $20MM in milestones and/or other income. There have been no announcements that I have seen. I am embarrassed for Bear Stearns.

J.D.
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