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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (22556)	10/20/1999 9:16:00 PM
From: Joe Reich	Read Replies (2) \| Respond to of 23519

Conf call was 9 minutes long. One question from Charley O. was allowed - asked about status of Italy Progress Payment from AZ in lite of the termination of the marketing agreement. Leland declined to answer the only question asked. Earnings of 3 cents include $2 mil payment for Spain and $2.3 mil charge for returned merchandise. Goal going forward is to continue to break even. No particularly new info on anything else. Now looking for a new partner but may use overseas offices to market product ourselves. (comment - It worked so well in the past). We now have 19 cents 12 mo trailing earnings for a P/E of 12.83. Cash and cash equivalents on hand are up $3.6 mil from $38.7 mil to $42.3 mil. Another couple quarters of this and they can buy back ALL the stock.