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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: david nordic who wrote (31560)3/29/2005 8:46:30 PM
From: fred hayes  Respond to of 32384
 
"Ligand is reviewing the accounting and classification of its sales of royalty rights." From a news report when the 10-K problem was announced. My guess is that this is a bookkeeping issue wrt the timing of rev recognition. Believe would not be an issue with a buyout. Hope there is not more too it, but I guess there could be. Especially with management's reputation.

fred hayes