Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Harold Engstrom who wrote (7813)	3/31/2000 11:07:00 AM
From: RCMac	Respond to of 9719

Harold, Cheryl, DAK, INCY raised a total of $622 million (less fees - maybe $600M), $422 M in private placement to Janus funds of 2 million shares at $211/share, see: biz.yahoo.com (Feb. 23), and earlier, $200M (with the overallotment) in notes convertible at $134.84, see: biz.yahoo.com (Feb. 15). Before that INCY had about $67 million in cash and cash-equivalents, so the warchest is probably above $650 million. Although the 2 million shares bought by Janus six weeks ago are now registered, it probably doesn't mean that Janus is likely to start selling them (unless forced by redemptions), see: Message 13310944 I don't believe GLIA raised any money - at these prices, with mismanagement of the contact manufacturer problem and of GLIA's terrific pipeline, GLIA has sat out this amazing rally. --RCM