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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Machaon who wrote (24523)	8/14/1998 6:20:00 PM
From: Henry Niman	Respond to of 32384

Bob, LGND gets milestone and royalty payments, and they are slated more for the 2nd half of the year than the first. In Feb, LGND reported an earnings surprise to the upside because 4Q was higher than projected. I believe that LGND is saying that the same thing will happen this year. They were below expectations for the first two quarters and will exceed expectations for the third and fourth quarter, so for the year, they will be in line with expectations or exceed expectations.