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Biotech / Medical : Elan Corporation, plc (ELN) -- Ignore unavailable to you. Want to Upgrade?

To: All Mtn Ski who wrote (569)	11/2/1999 8:57:00 AM
From: Gary Korn	Respond to of 10345

Irish Stocks Mixed: Elan and Bank of Ireland Up, Ryanair Falls Bloomberg News Nov 2 1999 5:06AM ET Dublin, Nov. 2 (Bloomberg) -- Irish shares were mixed, as gains in Elan Corp. Plc and Bank of Ireland Plc offset declines in low-cost airline Ryanair Holdings Plc. The Irish Stock Exchange Overall index rose 17.25 points to 4578.91, paring the index's year-to-date decline to 8.2 percent. Three stocks gained, nine fell and 66 were unchanged. The following shares are making significant gains or losses on the ISEQ. The stock symbols are in parentheses after the company name. Elan Corp Plc (ELN ID) rose 1.14 euros, or 4.7 percent, to 25.50 euros on optimism the recent fall in the drug maker was not justified by the outlook for profit. The international drugmaker fell 17.5 percent last week after Vanguard Medica Plc predicted a 12 month delay in gaining U.S. approval for a migraine drug that Elan hopes to market in the U.S. Bank of Ireland Plc (BKIR ID) gained 0.11 euro, or 1.5 percent, to 7.68 euros amid optimism the bank has fallen too far recently. Ireland's No 2 bank fell to a 52-week low of 7.28 euros last week amid concern the European Central Bank may raise interest rates. Anglo Irish Bank Corp. Plc (AIB ID) also pared recent losses, rising 0.02 euro, or 0.9 percent, to 2.22 euros. Ryanair Holdings Plc (RYA ID) fell 0.28 euro, or 3.5 percent, to 7.62 euros amid concern major European airlines may enter the low-cost travel market. Deutsche Lufthansa AG and Air France SA said last week they may offer low cost flights. Aer Lingus Plc, Ireland's state-owned airline, said yesterday it plans to fly from Dublin to London's Gatwick airport from next year, competing with Ryanair's flights between the two cities. surfree.snap.com