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Biotech / Medical : Celera Genomics (CRA) -- Ignore unavailable to you. Want to Upgrade?

To: gao seng who wrote (459)	6/25/2000 9:11:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 746

TIME-C O V E R The Men Who Mapped the Genome: Backing away from their often bitter rivalry, J. Craig Venter and Dr. Francis Collins are celebrating the completion of a project that will ultimately transform medicine more than vaccines and antibiotics combined. But can the new detente repair Venter's cranky reputation? time.com

To: gao seng who wrote (459)	6/26/2000 7:27:00 AM
From: Walkingshadow	Read Replies (2) \| Respond to of 746

gao seng, RE: <<<<"...it is not neccessarily understood the impact of the HGP/CRA collusion has. I really expect that a Clinton announcement will lift the curse off of this stock. Please input into you vector government support for CRA. tyia." >>> I view the HGP/CRA peace treaty as a political move only, primarily face-saving from the NIH's perspective, and primarily culling government and public support and confidence from Celera's. I don't see either effect as having a major impact on CRA's future. The HGP could have no effect on Celera that I can see other than to slow it down, and perhaps add some corroboration and associated confidence in their results. Otherwise, the HGP is all washed up and has been since Venter burst onto the scene two years ago with a passion. As far as government support goes, political posturing and rhetoric aside, the business of the government is to support the interests of those that put them into power, i.e. financed their campaigns. I view Celera as spearheading a societal revolution which could one day well dwarf the advent and proliferation of the internet in terms of its enormous economic and human impact. No government on the planet could---or would even want to---stand in the way of this, no matter what they say in the short term. Could Clinton or anyone else really have stopped the proliferation of the internet? The economic forces alone are far too great, and besides these are the very economic forces Clinton and the rest of our government (and everyone else's, for that matter) is in large measure employed by. He who pays the piper calls the tune. But, in the short term, you do have a point. I would have to agree that the united front presented by CRA/HGP could only have a positive effect on the stock price, via the immediate effect of diminishing uncertainty regarding the future, at least in WS's eyes. And since WS hates a lot of uncertainty, and the less uncertainty the more willing WS is to invest, in the short term the effect on CRA would likely be positive, albeit inconsequential in the long term. But I doubt whether this effect will amount to that much. A small quibble: CRA cursed? Well, I guess that depends. If you were lucky/smart enough to get in a year ago when the stock was trading at about $7, you would be sitting on about a 17-fold return on your investment. If you got in a month or so ago, when it was trading at 50, you'd have better than a double. But, since I have a long-term perspective on CRA, I would personally never use "cursed" and "Celera's future" in the same sentence. I think they have an absolutely awesome future. Still, the big slide after the Clinton/Blair BS just emphasizes to me that WS doesn't begin to comprehend what CRA is really up to, and the immense ramifications. And this will not likely change soon, so given this, in the short and medium term, all bets are off as to what levels a poorly-informed and less than visionary Wall Street might bid the stock at, and what irrelevant factors might affect this pricing. In the long term, profits (real or anticipated) will catch their attention, as always. And I see real, real profits flowing into CRA in the coming years. That seems virtually inevitable to me. As always, JMVHO........ Walkingshadow