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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (213)	1/16/2003 2:20:34 PM
From: JMarcus	Read Replies (1) \| Respond to of 3722

John McCarthy, SII's own NTII guru, says there are rumors of an FRX buyout in the $13-14 range. Message 18452631 Marc

To: Jibacoa who wrote (213)	1/16/2003 10:47:18 PM
From: JMarcus	Respond to of 3722

NTII's cash position is better (IMO) than your post (and Yahoo!) would lead one to believe. You and Yahoo! both indicate that as of the most recent quarter NTII had cash in the amount of $0.08/share, with 17.8M shares outstanding. Doing the math, I calculate that as a mere $1.424M. But in its 10Q report issued on 11/13/02, NTII stated: <<We had available cash and cash equivalents and investments of approximately $7.5 million as of September 30, 2002, compared to approximately $7.3 million at June 30, 2002. We believe that our capital resources will be adequate to fund our operations through at least the next twelve months.>> biz.yahoo.com Unless NTII is being misleading in its use of the words "and investments," its cash position looks considerably better than one might have thought from the Yahoo! profile. Marc