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To: Rick Buskey who wrote (105151)	6/29/2000 11:22:24 PM
From: kendall harmon	Respond to of 120523

GNSL, Dow Jones excerpt from today <<Genomic offers two lines of robotic systems, one of which allows customers to generate custom DNA biochips for sample analysis. Another line is used for isolating and analyzing proteins. Boston-based PerkinElmer Inc. (PKI) in January acquired an $8 million equity investment amounting to 1.3 million of the company's 21 million shares outstanding, and agreed to distribute its products in areas outside the U.S., U.K. and Japan, where Genomic Solutions already has an established marketing presence. Genomic Solutions has about 125 customers, and posted a loss for the year ended Dec. 31 of $10.8 million, or $3.62 a share, on revenue of $12.1 million. Genomic Solutions' Chief Financial Officer Steve Richvalsky said the upward bounce in shares was indeed because of the initiation of coverage by Lehman Brothers and Dain Rauscher. But Richvalsky, speaking from the company's headquarters in Ann Arbor, Mich., added that the recently announced completion of sequencing of the human genome is "just the beginning" of genetic research. Making use of the newly available information will require tools like those provided by Genomic Solutions. The tools identify the function of genes and the proteins that act on them, Richfalsky said. "Where we come in is in the next stage," Richvalsky said. "There's a long road yet to go.">>