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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: Biomaven who wrote (4263)	7/9/2001 5:13:47 PM
From: nigel bates	Read Replies (1) \| Respond to of 52153

Everything in biotech (paradoxically for such a fast moving field) really happens in ultra-slow motion. That's an interesting point you make. However, might not this be about to change? To draw an analogy, the FDA might be compared to a glacial dam holding back the burgeoning floodwaters of bioinformatics. The dam is still moving at glacial speed, but sooner or later something's going to give way. OK, that sounds faintly risible, but I'm sure you get the drift. nig

To: Biomaven who wrote (4263)	7/9/2001 9:39:42 PM
From: Mark Bong	Respond to of 52153

PeterO/T, thanks for the long view article. I thought this article on the long wave boom of the more interesting articles that I have read for a while on the economy. Fiber optic telecommunications, genetics and nano-technology sound like real winners to me also. I enjoyed the historical perspectives as I also read quite a bit of economy history. Most of what he said he said rang true to me also. It was just this morning that I was talking with a friend of mine who is a PhD economist with significant real world international experience. We were going through the economic data including interest rates, inflation, housing, bank lending and credit quality, tax policy, energy costs, corporate investment and other business cycle issues. It was his take (and mine) that these issues have good forward looking near and medium term fundamentals now and that the economy well poised for a takeoff next year with modest improvements for the remainder of this year, except for employment, which is a lagging indicator anyway. We expect a little more downside in employment before it turns up, although here in DC the unemployment rate is 1.9%. In addition, there is about $1.0 trillion sitting in cash waiting to come into the market, and when it comes it will probably all come together, as investment managers do have a tendency toward following the herd. Lets hope that things do turn around soon. Good luck.