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

To: RCMac who wrote (6536)	6/12/2002 7:39:01 AM
From: LLCF	Read Replies (2) \| Respond to of 52153

LOL, the "mosaic theory"/??? Hope all is well RC... doubled my [smallish] INCY position fwiw. Started this based on this thread and have been nibbling on all of 'em: siliconinvestor.com Idea, gladly accepted, but I follow along here, so that's good enough. This sell off is breath taking and broad which leads me to believe there are plenty of babies being thrown out. I mean arent these prices lower than the worst of times in bio given the advancing science and cash levels??? Good luck all, and thanks for the continued interest... given this market.... jeeeez. OTOH, they'll be giving stuff away no doubt. DAK

To: RCMac who wrote (6536)	6/12/2002 8:31:34 AM
From: RCMac	Respond to of 52153

we can look forward, not just to SEC action, but also to the convening of a Federal grand jury in the Southern District of NY, and, I think likely, indictments We didn't have to wait long. CNBC is reporting that Sam Waksal was charged with criminal violations of the insider trading/tipping rules, and was arrested at his home in Manhattan by the FBI at 6:30 AM. This is notably less gentle than the usual treatment in "white collar" criminal matters, where most commonly defendants' lawyers get a phone call and arrange a time for the defendant to come in for arraignment. Waksal is in custody, presumably being fingerprinted, etc., (someone will say "like a common criminal" -- well, yes) and will stay in custody until he is taken before a magistrate judge for arraignment later, maybe not until tomorrow. The Feds are sending a useful signal, IMO. --RCM