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

To: Dan O. who wrote (14310)	2/5/1998 6:57:00 PM
From: Torben Noerup Nielsen	Respond to of 32384

Dan, >They are holding way too much cash. It should be used as a one >time special dividend, to holders of lgndw, of course. No, that would mean added income and the tax consequences are most unpleasant :-) Seriously, it does appear that they are holding a healthy amount of cash. This is in line with their statements that they should have enough to get to profitability and thus should not need to have another stock offering. Once Ligand actually makes money, I sincerely hope they will plow it all right back into research. Their signaling technology is likely to be key to a number of future drugs, but it is going to take money to keep the researchers going. In the long run, focused research has always paid off and I do not see that changing. I wonder what the market will say tomorrow.... Anyone able to see if there is after hours trading going on? Cheers, Torben