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


To: jbershad who wrote (240)6/19/1998 8:34:00 AM
From: Dr. John M. de Castro  Read Replies (3) | Respond to of 399
 
You're right that H&Q has had ARQL as a strong buy for months. It has been a focus stock for them. They've had it as their lead presentation at their annual biotechnology conference in January for two straight years. Yet, somehow it got listed yesterday as "Coverage Initiated"

biz.yahoo.com

This is rediculous. No wonder it had no effect on ARQL's stock price. Vector's downgrade by Mike King is news and appears to have rocked the stock. I hope that we can get more information of his reasons. If it is simply a delay due to the merger and the revenues will be in by year end, then this is a very shortsighted downgrade. Mike King is more astute than that. So, I suspect that there is more to the story. I for one am anxious to hear it.

John de C