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Biotech / Medical : wla(warner lambert)

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To: Mark Peterson CPA who wrote (413)	1/16/1999 6:17:00 PM
From: Captain Jack	of 942

Mark -- Thank you for your insight. As I stated WLA is NOT a 1 drug company. If Resulin production drops WLA will survive at a higher level than it is at today. Actually, IMO, if Resulin sales are eliminated WLA will survive at a higher level than today. Agreed, the numbers being reported on the 27th are already etched in stone and they should be good. Any upside surprise makes Wall Street happy. Most of the bad news is now figured into the price of the stock. From here we should see more good news and the price reflect it. 85 by April sounds realistic and in line with PWJ estimates also. The 2 for 1 sounds even better,,, as we get closer to a possible announcement of that an addition to my holding sounds probable. The P/E issue becomes more of a NON-issue daily. DELL is around 85 and some internet issues are in the hundreds. Some biotechs and others have no earnings and are still rising in price. It seems like this generation is not concerned with P/Es of any level. How things change..... so quickly Thanks again

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