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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: JustInTime who wrote (6874)	1/11/1999 1:57:00 PM
From: Waldeen	Read Replies (1) of 90042

Gene Logic (GLGC) deal with Affymetrix(AFFX) biz.yahoo.com text follows, Gene Logic, Affymetrix strike deal SANTA CLARA, Calif. Jan 11 (Reuters) - Affymetrix Inc. and Gene Logic Inc. said in a joint announcement Monday that Gene Logic has agreed to begin selling databases of gene information that are based on Affymetrix's GeneChip technology. Gen Logic is the first company to use Affymetrix's GeneChiptechnology in databases. It plans to sell the products to pharmaceutical and biotechnology companies for their use in developing drugs that use differing forms of gene expression. Gene Logic will receive annual subscription fees from database users. It will pay Affymetrix annual fees and after a commercial milestone is achieved, also pay royalties. Further financial details were undisclosed. Gene Logic's stock was up 1 at 7-5/8 by mid-morning. Affymetrix climbed 7/8 to 28. Both company stocks are traded on the Nasdaq stock exchange. also, biz.yahoo.com company overview from todays Washington Post washingtonpost.com stopped out of OMPT at 13 1/6 looking to enter GLGC here on the dip to 7 3/8... what do you think Tim?

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