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Biotech / Medical : ICOS Corporation

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To: opalapril who wrote (679)	5/11/1999 3:32:00 PM
From: Edscharp	Read Replies (3) of 1139

Opal I think ICOS is a promising company with good management. But, the only reason it is soaring is because Bill Gates owns a piece of it. I mean really, how many biotechs do you know that zoom without any news to account for it? Xoma doesn't zoom and they may have an important product in the very near future It is way overpriced right now. They won't have any products for at least two years and if they should happen to get a poor clinical performance or when shareholders get tired of waiting for a real product the stock will get whacked. Having said that I believe the stock will continue to soar for a while longer purely on the "if it's good enough for Bill Gates" theory. Mark my words.

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