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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (8034)	12/12/1998 9:25:00 PM
From: Bluegreen	Read Replies (1) \| Respond to of 17367

Texas, I just don't know what more to say. Hopefully the picture is not as bleak as you and Opal make it out to be.

To: Arthur Radley who wrote (8034)	12/12/1998 11:16:00 PM
From: aknahow	Read Replies (1) \| Respond to of 17367

There is no avoidance of taxes on revenue generated in the U.S. The tax minimization aspects have to do with income earned abroad and then remitted to the U.S. While not the strongest argument, many foreigners do indeed want to avoid having the U.S. government have data on them which can be sent to their own governments. Foreigners do not pay taxes on dividends if they file the forms declaring they reside outside the U.S. They may not even owe tax on this income in their own country but other rules may exist. It might be illegal to own stock outside your country, or have accounts elsewhere. These rules change, but leave many feeling more comfortable dealing with countries that will not report income to there own country. Too bad this concept is being used "first" by XOMA which apparently creates a certain amount of emotional heat which obscures the issue. I can't wait until other biotechs do the same. Will be sad if they get to change domiciles but XOMA does not. This is an important idea. It has not been used by NASDAQ companies. IMO nothing will hold it back. Others will understand why it makes sense. Some holders of XOMA want to punish the company because the stock went down. Great idea, lets make them pay more taxes than necessary. <g>