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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (16230)7/10/2003 12:18:31 AM
From: LarryS  Respond to of 17367
 
The $10 million payment doesn't reflect negatively on Raptiva. It was probably a penalty written into the contract for wasting everyones time for a couple years. Baxter is having financial problems and is cutting loose some expensive projects.

Question, what is that $10 million going to be used for. And how long has XOMA known they were going to get it. If XOMA was aware of the money coming their way for quite awhile we might hear any time of a new trial or other use of the "windfall".



To: Arthur Radley who wrote (16230)8/30/2003 11:16:03 PM
From: aknahow  Read Replies (2) | Respond to of 17367
 
Bermuda, is not your issue. You have clearly defined your issue as a political one. No company would bother to incorporate in Bermuda if tax laws were reformed to treat income from non U.S. sources equitably.

But some politicians would rather make it seem like those who choose to legally protect offshore earnings are doing something wrong, rather than reform the tax code.

Ask yourself why.


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