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Biotech / Medical : 2000-Year of the Biotechs! -- Ignore unavailable to you. Want to Upgrade?

To: Cheryl Galt who wrote (182)	2/6/2000 12:43:00 AM
From: Mike McFarland	Read Replies (2) \| Respond to of 1142

<intellectual property> When these biotechs get bid up I don't think that anybody is thinking about intellectual property. Seen the Yahoo Ariad thread lately--the Yahooligans don't have a clue, but God Bless Them All. If I could go back and do it over I wouldn't have tried so hard to sniff out cheap stocks with nifty science, I'd just buy stuff that was hypeable and wait for them to show up. <fishing at the trout farm> No I have not really done that, I think I've done this the hard way--not really played the momentum. Bought Ariad below a buck, sold most at $4--I could argue that the easy money was made above $4. Likewise trading Genset-- if I had a real broker maybe I'd have gotten some SQNM, maybe I'd have a chance for a few of the IPOs coming up-- that would be a much easier way to play genomics than waiting for the French to bid up their gem. And TGEN-- most of the AAV angle was played out in Avigen last year, I'm still waiting for a big day for the local favorite. Sure, 3x my money, looks easy so it is not supposed to count? No, not really fishing in a pond, some of that was hard to reel in. I think your comment rubbed me the wroing way. I will conceed that I am not ready to start a thread and declare that I'm a skillful trader, I probably am not. And for sure, any idiot can make money in biotech right now. Yes, great fun while it lasts.

To: Cheryl Galt who wrote (182)	2/6/2000 1:38:00 AM
From: Torben Noerup Nielsen	Read Replies (1) \| Respond to of 1142

Cheryl, >hope that when it settles, intellectual property retains >some decent monetary respect. As is often the case, you hit the nail right on the head. This is quite possibly the most important question. IP is hard to value and it doesn't fit well with present accounting methods. Branding is a little easier for the accountants to deal with. What makes it worse is that much of the value of the corporations we tend to focus on lies as much in the specific individuals working at the companies in question as it lies in the patents actually awarded. There's also value in the skills the corporate entity has managed to accumulate and sometimes that value goes beyond the value contained in the individuals. Oh well, I'm wandering off the topic of this thread and I'd better quit before the thread police comes telling me I'm wasting their time :-) Thanks, Torben