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Biotech / Medical : Cell Genesys (CEGE) -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (980)7/10/2000 10:25:28 PM
From: Gemini  Read Replies (1) | Respond to of 1298
 
Mama Bear,

I believe the 585 million in corporate cash includes half of the initial 25% stake in ABGX, which as you know CEGE sold? After today's ABGX's 2 for 1 stock split, CEGE today owns approximately 9.65 million ABGX shares.

9.65 x $70 = $675.3 million.

So I do not believe I double-dipped the figures unless I'm
totally off base in my calculations.

Allan