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Biotech / Medical : Paracelsian Inc (PRLN) -- Ignore unavailable to you. Want to Upgrade?

To: Hank who wrote (3714)	7/14/1998 12:20:00 PM
From: John H. Farro	Respond to of 4342

Hank, there are too many unknowns to give a good estimate. We don't know how much their burn rate will go up as a result of their work to fulfill the contract. We don't know if they will be successful at negotiating a world wide contract with Scherer, though I am betting there won't be a problem here. They have probably already done most of the work when they negotiated the North American rights. Most importantly, what does it mean when they say that the world-wide contract will be negotiated on terms similar to the North American contract? Does that mean they expect earnings of about $1 million form world-wide sales, or is it more like $5 million, since North America represents only 1/5 the world market? There are too many unknowns to make a good prediction. I am confident in my ability to narrow it down between breakeven and $.50/share earnings, but that hardly narrows it down at all. Robin