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

To: Ben Wa who wrote (3240)	4/1/2001 11:54:24 AM
From: PAR	Respond to of 3414

What's all the bruhaha about thestreet.com article that I am seeing on Yahoo message boards? Can anybody recap the article. Also, is after hours trading really below $20. Thanks

To: Ben Wa who wrote (3240)	4/3/2001 3:57:38 PM
From: StockDung	Read Replies (2) \| Respond to of 3414

<B<DJN: =DJ Polymedica Call -2: Analyst Wants More Detail On Probe (Dow Jones 04/03 14:09:39) By Johanna Bennett Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--PolyMedica Corp. (PLMD) Chairman and Chief Executive Steven Lee said the government probe into the company and its Liberty Medical Supply Inc. unit is civil, not criminal, despite the participation of the Federal Bureau of Investigation. During a conference call Tuesday morning between management, analysts and investors, Lee said "it is my understanding" that the company is dealing with the civil unit of the Department of Justice. The remark came after an analyst questioned whether the FBI's participation in the case indicated that a criminal investigation is underway. "That is not our understanding at the moment or the understanding of our counsel," Lee said. As the analyst pressed for clarification, Lee asked to defer any further answers. He later explained that PolyMedica is dealing with a civil unit of the Justice Department for whom the FBI is gathering information. "This is a good question," Lee said. "But I have not really had a chance to think it through so rather than attempt to answer the question right now without proper thought, let me defer for now and we will deal with that later." A spokesman for the Department of Justice contacted Tuesday said the FBI does not handle civil matters. But a spokeswoman for PolyMedica said the situation is "convoluted." PolyMedica's conference call is the latest development in a difficult 10 days for the company and its stock. Shares of the Woburn, Mass., company sank almost 50% on March 23, after short sellers took advantage of news from CIBC World Markets Corp. analyst John Calcagnini, who received word back from the government after submitting a request for information under the Freedom of Information Act. Calcagnini said the government confirmed that the Federal Bureau of Investigation conducted an investigation of the company, as reported by Barron's magazine in November. Shares of PolyMedica recently were up 38 cents, or 1.5%, to $24.63 on volume of 784,700 shares. Average daily volume is 785,446. (MORE) DOW JONES NEWS 04-03-01 xxxxxxx