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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (14236)	4/3/2002 8:00:13 PM
From: Bob Rudd	Respond to of 78730

Wallace - BMY: I been hide'n and watch'n too. <<That equates to $1.69-$1.81>>Listen to the CC...next to last question, you take another .40 or so off that to cover wholesaler workout [providing that all occurs in 02]..so 1.30 to 1.40 probably. But that probably isn't indicative of average earning power going forward...trouble is, not at all sure what that would be. I get the impression they aren't completely wrapped around the problem here. Maybe there's another shoe to drop at the quarterly CC later this month. I still think this IMCL erbitux thing has well better than 50/50 chance of turning to dust. Some message board comments from folks claiming to be employees appear to confirm external impression that BMY is unlikely to be nominated for management awards...sort of a mess. Analyst comment indicated the the sales force would be the main attraction to buy this...but that's people and the best of those may be looking and available without buying the co. Given previously discussed industry headwinds and strong potential for nearterm negative newsflow, I'm still on the sidelines unless they really flush it tomorrow.