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Biotech / Medical : TECHNE (Tech): "selling picks to gold miners" -- Ignore unavailable to you. Want to Upgrade?

To: Joe Dancy who wrote (10)	1/23/1999 1:35:00 AM
From: Shane M	Read Replies (1) \| Respond to of 47

Joe, Thing with BIOI is the execution doesn't seem to be there. I first looked into BIOI after running into you on a SFLX board I think over a year ago, and everyone was talking about potential for BIOI then. Disappointment has continued to rule the day. Whether it's currency translation, need of new CFO, inventory writedown, slow revenue growth, etc, BIOI has consistently found a way to disappoint. Perhaps things are starting to turn around at BIOI and I should give it another look. I had pretty much thrown in the towel. You're right, it continues to look cheap - but is there a catalyst to get it moving? Another thing: when companies can grow through acquisition, a highly valued stock is an enabler. Competitively, this hurts BIOI and helps TECH. I enjoy the Lone Star Growth Investor. Good luck, Shane