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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: tuck who wrote (232)	7/3/2001 2:34:25 PM
From: tuck	Respond to of 1005

It will be a while before a lot of new targets show up. The last three are EXAS soon, TWTI in August, and SGEN in September. Way down the road, we should have plenty of targets. From a recent Washington Post Reuters story on recent VC activity: >>A total of 737 private companies in the second quarter raised $8.9 billion in venture funding, a sharp drop from a year earlier, according to VentureWire, a service which tracks deals. For the first half of the year, there were 1,679 venture deals valued at $21.8 billion, compared with 3,554 deals worth $52.9 billion in 2000, VentureWire said. Among individual sectors, biotechnology posted the greatest increase in funding, jumping to $977 million in second-quarter 2001 from $545 million in 2000.<< snip Here's the latest on the IPO pipeline: signalsmag.com And here's a teaser on EXAS: ipolockup.com siliconinvestor.com biz.yahoo.com Hmmm. Looks like serious resistance 1 point away at the IPO price. Scanning earnings, I can see nothing in the numbers to generate the runup coincident with their release. They must have said something awfully encouraging in the CC. I don't follow these guys, but I believe they are sort of a trickle/consumables company. I'll be looking more closely, because I would say this is our best short candidate at the moment. Y'all feel free to pitch in. But first, happy 4th, everyone! Nigel, won't you have a pint of Ben Truman Special Export on behalf of this Yank? You could pretend it's Guy Fawkes Day, and light off some explosives while running around in circles and yelling "Long Live the bloody BLUE HP!!" All without spilling your pint, mind you. Cheers, Tuck