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Technology Stocks : Tripos (TRPS): Will Surge!
TRPS 0.01100.0%Jan 16 9:30 AM EST

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To: James Silverman who wrote (32)2/4/1997 9:33:00 PM
From: Philip H. Lee   of 152
 
Bought some TRPS today. Closing bid was 19 1/8, ask 19 3/4.

I thought the Alchemy 2000 product writeup in October's R&D Magazine was positive. Stock also has small # of shrs outstanding (2.952 million) and small float (2.70 million).

From what I've read, Alchemy 2000 holds a leadership position in combinatorial chemistry research software. It complements well with MDL's database/information management system. Valuation is on the low end of my range. Earnings release could change that, though. Comments appreciated.

Philip
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