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Non-Tech : Any Stock Warrants -- Ignore unavailable to you. Want to Upgrade?

To: John F. Poteraske who wrote (295)	4/26/1998 1:46:00 AM
From: Thomas M.	Respond to of 1916

I own neither. I've been told it takes 8 warrants to buy one share, and I'm going to check that out before I do anything. Tom

To: John F. Poteraske who wrote (295)	4/28/1998 3:51:00 PM
From: Thomas M.	Read Replies (1) \| Respond to of 1916

From Alza Investor Relations: Terms of ALZA Warrants ALZA Warrants to purchase one-eighth of one share of ALZA Common Stock are exercisable until December 31, 1999 at an exercise price of $65 per share. The Warrants do not confer upon the holder thereof any voting, preemptive or other rights as a stockholder of ALZA. The Warrants may be exercised by surrender to the Warrant Agent of a duly executed certificate evidencing the Warrants accompanied by payment in full in cash or check, payable to the order of ALZA, for the exercise price. Warrants may be exercised in whole, or otherwise in increments of ten ALZA shares (i.e., 80 Warrants). Fractional shares will not be issued upon exercise of the Warrants. In lieu thereof, a cash settlement based on the market price of the ALZA Common Stock on the date of exercise will be made. If ALZA Warrants were received as part of the original distribution of Units of Therapeutic Discovery Corporation on June 10, 1993, the cost basis on the Warrants is $0.00. Tom