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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (12422)	8/5/1998 12:52:00 PM
From: Christian Leon	Respond to of 18691

Anyone have thoughts on INCL to share at the moment? Interesting discussion on the yahoo boards. A very strong arguement has been made for the company's demise before the end of the year, with an 8 million cash burn per quarter and only 5 million or so left in cash being the most prominent factor. News article supposedly out today. INCL working on deal for a buy out at $6-6.25 per share. Is this feasible? Is the company and it's product worth this much, especially with 2 competitors who are already in clinical trials? What's the likely hood of this happening? How will it affect a potential short position initiated today? According to financials, etc., I see the company going bankrupt within 3 months, but this article makes me wonder. Christian