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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (3214)	3/23/2001 2:35:11 PM
From: Gene W	Read Replies (1) \| Respond to of 3414

From Yahoo: fyi Latest from Briefing.com by: sundrvn (46/M/Los Gatos) 03/23/01 02:00 pm EST Msg: 6746 of 6771 13:52 ET PolyMedica (PLMD) 26 5/8 -7 1/16 (-21%): -- Update -- Hearing from sources at CIBC World Markets that analyst covering stock has confirmed FBI investigation into billing practices. Allegation is illegal billing for supplies that clients returned, delivery of supplies that were not ordered; and overstocking of supplies.

To: Arthur Radley who wrote (3214)	3/25/2001 6:18:02 PM
From: Sam	Respond to of 3414

No. The glucowatch is mostly for kids with juvenile diabetes just to give parents a wide ballpark warning between conventional testing. My bet on tomorrow morning's conference call is that management will end these games with clear statements of the fact that they have done nothing wrong and then announce they will begin immediately to buy back shares in the 25% range. A few phone calls to fund managers over the weekend will have been enough to cover the approval formalities since there is so little float. Plus there is a million share buyback already authorized. It will be a stroke of genius on their part and they have the cash to do it with.