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

To: Jibacoa who wrote (436)	12/7/2003 11:51:47 PM
From: Jibacoa	Read Replies (2) \| Respond to of 3722

NGEN Has not closed its upgap of December 3, the day it announced that it had been issued U.S. Patent "Methods for the Electronic Assembly and Fabrication of Devices", which according to the company, is the parent of a series of pending patents that significantly broaden its position in the nanotechnology area. The Company now has 56 patents in the U.S. biz.yahoo.com An although gaps get closed on average 90% of the time, it seems that NGEN's gap will not be closed for a while.<g> The nearest support is at 5.28 and resistance from 6.70 to 7 <g> Besides the good news about the patent, in NGEN favor is the fact that the revenues in the September Q were about 12% better and the loss for the Q was $0.27 vs. $0.42. For the year the company expects to have a loss of about $27 to $29M. Since there are $22.1M shares out, the loss per share is expected to be $1.22 to $1.28 The company already has a loss per share of $0.91 for the first 3 Qs and if the results come as expected, the loss for the 4thQ should be from $0.31 to $0.37/share, which should compare favorably with the $0.41 loss in the December 2002 4th Q.(That would be better earning results for 3 Qs on a roll.<g>) The company expects revenue to improve significantly in 2004. It has around $32M in cash after it had a recent private investment of $7M which included warrants with an exercise price from $4.14 to $4.75/share. With the caveat of the December 3rd gap, it seems worth while to keep NGEN under close watch.<g> siliconinvestor.com Especially since on its longer term chart, NGEN still has plenty of room to run.<g> siliconinvestor.com Bernard