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Biotech / Medical : The thread of life -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (194)	8/31/2001 5:59:39 PM
From: scaram(o)uche	Respond to of 1336

>> A friend from Sillycon Valley told me that venture capital loves biotech right now - is this a contrarian indicator? Who's got the crystal ball? << Anything but! It's an influx of capital into the sector, and backs the development of overall pipeline. In general, it takes about eighteen months for public valuations to catch up with enthusiasm in the private sector. Once that happens, it can spell problems (if not for 11/99 to 3/00, venture capitalists would have been trapped in the classes of '97 and '98). No..... the glut of VC is causing troubles for those who hit the last rounds. There is a real threat, if the IPO window doesn't open, of down rounds. But it's nothing but good news for the typical small cap biotech investor, particularly at this time when there are so many "big science", loaded-with-cash opportunities selling at low cap:book. We've just seen two public/private mergers, one where the private company took out a respected biotech. This is heaven on Earth for the small cap biotech investor. Money in front of us, money behind us, looking for good projects and enabling platforms. Economy sucks, however, and that rules the day. Let's hope that Greenspan et al. can pull the nose up.

To: Spekulatius who wrote (194)	9/1/2001 4:07:42 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 1336

Shouldn't bore you with my recent purchases-- really weird stuff like csco, vod, and glw. Well, I suppose Corning isn't too much of a stretch for this thread, nibblin' at $12. corning.com Others...looking at Global Crossing...my broker put me into some Dell and Pepsi. All is lost, I never thought I'd be buying stuff outside biotech! But I've deployed less than 10% of my cash. Probably getting down to something close to 60%cash, 40% stock. Before this is over I may own municipal bonds, gasp. What can I say--about the only thing positive I've found regarding any of my biodisasters is that Cen.l does have a scientific presentation for Sipta later in the month. I can't find my printout right now, if I do I'll post the url on the Cenes thread. Over and out, have a great holiday.