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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Henry Niman who wrote (29170)	8/17/1999 12:01:00 PM
From: bob zagorin	Read Replies (3) \| Respond to of 32384

thanks henry. have you seen any comments from bear stearns or lehman? i'm surprised at the reaction. myself, i don't see profitability late 99 or 2000 as that big a deal. i thought the comments that LGND will draw down the rest of their Elan facility were more interesting and since they'll be selling those converts to Elan at $14 and it's enough to bridge the gap to profitability, i think that's more important. but the market thinks otherwise today.