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


To: Nick who wrote (714)4/16/1998 4:31:00 PM
From: Nick  Respond to of 1580
 
Merck reaffirms faith in 14-18 pct '98 EPS

Similarly, Merck said first quarter Pepcid sales increased 14 percent to $320 million on a 23 percent jump in the U.S. But
overseas revenues from the drug dropped 38 percent.

Merck said worldwide sales of Mevacor, an older member of the ''statin'' family of anti-cholesterol drugs, fell 36 percent to
$175 million.

Sales of Cozaar and companion drug Hyzaar jumped 68 percent to $215 million; Crixivan sales jumped 22 percent to $150
million; hypertension drug Prinivil rose 20 percent to $150 million; Fosamax leaped 76 percent to $180 million; and Vasotec fell
two percent to $615 million.

Analysts said Merck's revenue picture could improve later in the year with expected marketing approvals and launches of two
other drugs -- Maxalt for migraine headaches and anti-platelet drug Aggrastat for preventing heart attac



To: Nick who wrote (714)4/16/1998 6:49:00 PM
From: muddphudd  Read Replies (1) | Respond to of 1580
 
Don't worry. Consider this a buying opportunity. The earnings are in good shape. Wall street typically beats up a stock for missing the numbers by a penny. It does not reflect any fundamental problems.

Again, I don't believe we will see MRK rise above 130 until they announce a split (3:1). Hang in there. It's a great company..a keeper!