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Biotech / Medical : Incyte (INCY)
INCY 108.15+2.1%Nov 11 3:59 PM EST
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To: Rocketman who wrote (829)2/3/1999 1:18:00 AM
From: Techperson  Read Replies (1) of 3202
 
Earnings come after the close, should be 97¢. Conference call is at 2 PM PDT. Word is the company will announce they are canceling plans to create a separate company (Incyte Genetics) to finance their effort to map the human genome. Fear is the whole $200 million cost now will hit INCY's income statement and destroy earnings for 2 to 3 years.
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