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

To: Biomaven who wrote (10551)	2/20/2004 5:23:48 PM
From: rkrw	Read Replies (1) \| Respond to of 52153

OT Incidentally, MSO's former general counsel, Greg Blatt was in my High School graduating class. He even gave our commencement speech. He was on the stand yesterday saying he was the one who encouraged Martha to publicly comment on the case as it was hurting MSO. Good advice, bad delivery :-) Got a kick out of seeing his testimony talked about on CNN with a courtroom caricature to boot. I think the Stewart case is a ridiculous waste of money. <<In my view they wouldn't be prosecuting at all if this was Martha Doe.>> Or John Doe, or Tommy Hilfiger, or Ken Lay. IMO, it's a joke. The insider trade Bush Jr. did was something that should have been prosecuted.

To: Biomaven who wrote (10551)	2/20/2004 5:49:39 PM
From: quidditch	Respond to of 52153

And so on--<<In my view they wouldn't be prosecuting at all if this was Martha Doe.>> Well, yes and no. Isn't that exactly the point? That it is Martha, the CEO, and not Martha the house frau? After 2000-2001, the pressure has been high, as you know, to bring some of the high profile bandits to justice. Martha's banditry, it is true, is not on the scale of Skilling or Fastau or Schwartz or Rigas or Koslowski. All Martha did, along with Bacanovich, was to hand a much easier prosecution to the US Att'y by blundering into an ill-advised attempt to conceal the nature of the trade (duty not to trade on a broker's unlawful disclosure of trading by other client is a very grey area, and Feds concluded they could not nail her on insider trading). Imo, Bacanovich is in a hotter stew than his former client. Feds would like some deterrent effect from these prosecutions. Skilling did walk--in the summer of 2001 (was it 2000?), and I hope he does get nailed now. I agree that Lay, as Chairman, has a better shot at avoiding prosecution. I'd love to know what kind of records Fastau kept and shared. quid Cool that Martha was charging $17,000 weekend chauffeur expense, hairdos, coffee, etc. to the company. Those lattes are expensive. Jury didn't get to hear that, however. I assume that Cedarbaum thought its probative value was outweighed by considerations of relevance or prejudice.

To: Biomaven who wrote (10551)	2/20/2004 6:27:47 PM
From: nigel bates	Read Replies (1) \| Respond to of 52153

The whole case is pretty weird - it sure looks to me like there was a (weak) attempt at a cover-up by Martha and her broker, although whether the jury will agree on this is another matter. In my view they wouldn't be prosecuting at all if this was Martha Doe. But maybe worthwhile anyhow... ...if only so that we can explain to our kids the meaning of schadenfreude ?? But I'm hoping that Tyco's Kozlowski and Enron's Skilling both get nailed Yep, that's it.