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Technology Stocks : Nokia (NOK)

NOK 6.770

-3.7%

3:29 PM EST

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To: Maurice Winn who wrote (1203)	12/7/1998 9:35:00 AM
From: tero kuittinen	Read Replies (3) of 34857

It's going to be much more hazardous to invest in biotech, Maurice... those products are often billion dollars or bust - type bets for the companies involved. But I'm sure the growth there is going to be spectacular. The old money pharmaceutical companies are already so richly valued that it's probably best to find a half a dozen small start-ups and hope one of them hits the jackpot. I'm really interested in some companies working in angiogenesis inhibition right now - the best way to manage cancer may be to strangle the tumors' blood supply by cutting off creation of new blood vessels. Entremed is apparently curing cancer in mice without breaking a sweat... but how well they can produce the large proteins doing the trick on an industrial scale and whether human trials work out is a complete mystery. Their stock has already see-sawed from 20 to 80 to 20, so it's definitely not for the faint of heart. Don't have the guts to make the leap yet... maybe when the mobile tech starts running out of steam. Tero

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