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Biotech / Medical : XOMA. Bull or Bear?
XOMA 32.13-0.5%Nov 28 9:30 AM EST
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To: BostonView who wrote (7905)12/2/1998 1:44:00 AM
From: aknahow  Read Replies (1) of 17367
 
As one of the anyones, it seems important to get this done in this tax year. Don't forget to read the prospectus, as not only do I drool on my keyboard, but I forget things. The change involves a sale of assets based on accountants fair value. This sale of assets generates a potential tax liability for the capital gain incurred in the sale of assets. Remember patents are assets also.

Now, if XOMA in future years is a company producing revenues, from sales, partnerships, license agreements and etc. then it will have more assets and changing domicile becomes less attractive or costly. You can see why a company like General Motors is still domiciled here.
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