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Biotech / Medical : XOMA. Bull or Bear?
XOMA 32.31+1.4%Nov 26 3:59 PM EST

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To: Bluegreen who wrote (8031)12/12/1998 7:05:00 PM
From: Arthur Radley  Read Replies (2) of 17367
 
"Why did Lehman Bros. make the recommendation to Xoma"....a brokerage house would do anything for a client to secure future underwriting business. I can assure you, the HUGE bonuses that will be paid out in the next few weeks to Lehman Bros. employees will not be going to the broker that makes a living selling stock to we small investors.

As for the ability to offer preferred convertibles without the benefit of being domiciled in Bermuda isn't relevant to the issue that XOMA is using to make this move. The issue is merely taxes, or so they indicate.

Bluegreen, I'm just a mere small investor in XOMA and needless to say, I'm way "underwater" with my investment. Therefore, I want XOMA to succeed, but not at the expense of tax avoidance. What if every American company decided to move to Bermuda to avoid taxes?
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