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Biotech / Medical : Elan Corporation, plc (ELN) -- Ignore unavailable to you. Want to Upgrade?


To: nigel bates who wrote (1647)2/13/2002 1:00:35 PM
From: scaram(o)uche  Read Replies (1) | Respond to of 10345
 
People miss the inherent humor!

This "institutional investor" won't go on record as the primary whiner.

Why? Because the complaint alleges......

that as part of their effort to boost the price of Elan securities, defendants materially overstated Elan's revenues by creating entities that were essentially controlled by Elan for research and development. Elan immediately took back its investment in the form of a license fee which it recorded as revenue.

To which I reply.......

duh!