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Biotech / Medical : VAXGEN INC. (VXGN)- The IPO -- Ignore unavailable to you. Want to Upgrade?

To: gary r. albrecht who wrote (48)	9/28/1999 7:52:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 55

Apparently GPSite has "left the building". Too bad, given all the initial hoopla.

To: gary r. albrecht who wrote (48)	9/28/1999 10:25:00 PM
From: glen	Respond to of 55

My thoughts on the price weakness is that it is mostly due to a lack of buying. There has been little news and no company hyping. Do remember that both Bill Gates and Paul Allen have purchased shares at the IPO and that the latter has Board representation. There is some serious money that has been quietly attracted to this company. The daily volume is low and the spreads are wide, indicating a company that is just not widely followed. Although the potential approval process by the FDA has a ways to go, (more than a year away), I would not view this "lull" in any negative way whatsoever.