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Biotech / Medical : CRIS, Curis (formerly CBMI) -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (348)	12/5/2000 12:56:23 PM
From: Jim Oravetz	Respond to of 668

Heard on the Street Paul Allen's Stock Picks Aren't Always Lucrative By ROBERT MCGOUGH and SUZANNE MCGEE Staff Reporters of THE WALL STREET JOURNAL Investors hoping to find the next Microsoft by tagging along with Paul Allen's stock picks lately have found their investments becoming merely micro. Mr. Allen, of course, is the billionaire co-founder of Microsoft. Years ago, he left the software giant and began making his own investments, principally through his investment arm, Vulcan Ventures. He made a splash yesterday with a $100 million investment in Oxygen Media, an online and cable media network. The stock of Oxygen isn't publicly traded. But when Mr. Allen buys the stock of a public company, executives there usually hail it as a stamp of legitimacy. Moreover, stock prices of such companies have been known to bump upward on big volume at the time an Allen investment announcement is made. "Clearly, there has been a Paul Allen factor at work in the market in the past," says Erik Gustafson, manager of the $1.1 billion Liberty Growth Stock Fund. "That makes investors pay attention and some of them put in buy orders." How well have investors fared if they try riding on Mr. Allen's coattails? Let's put it this way: They won't become billionaires any time soon....snip... FWIW, no mention of CRIS. Jim