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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?

To: Yaacov who wrote (1519)	4/23/1998 1:43:00 PM
From: Nick	Respond to of 9523

Pfizer CEO says no stock split for now NEW YORK, April 23 (Reuters) - Pfizer Inc. Chief Executive William Steere said Thursday at the company's annual shareholders meeting that the company had no immediate plans to split the shares of the stock but added that the matter could be considered later in the year. Steere responded to a question by a shareholder, saying that if the shares were going to be split it could be done either by convening another meeting of shareholders late in 1998 ''or waiting until this time next year'' for the next annual shareholder meeting. Shares of the company have skyrocketed to about $114 today from $74-9/16 on Dec. 31, 1997, in part on expectations that the company's new impotence drug Viagra will become the biggest selling drug in history. The sales data for Viagra, which was launched in early April in the United States, were over 30,000 new prescriptions per week-compared to typically about 2,000 new prescriptions that most successful drugs have in their first week of sales. --------------------------------------------------------------------------------