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Biotech / Medical : ICOS Corporation

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To: limit who wrote (704)	5/20/1999 7:50:00 PM
From: Edscharp	Read Replies (1) of 1139

I appreciate the article. Believe it or not I am familiar with their pipeline. I will repeat for the last time. It is a good company with a promising pipeline and strong management, but they are also over-valued. Leukarrest is at least two years away from marketing. My experience with other biotech stocks is that the typical investor gets bored with a stock that produces no revenues and has no projected revenues in the imminent future. There are other drug companies with pipelines as good as ICOS and they have not gone up in value. Check Isis Pharmacy (ISIP) or Ligand (LGND). ICOS does however have one thing these companies don't, Bill Gates. To answer the question of a previous poster. I am not short ICOS. I have never shorted a stock and likely never will. ICOS is on my watch list. If the valuation ever improves I will seriously consider purchasing it.

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