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Biotech / Medical : ARIAD Pharmaceuticals -- Ignore unavailable to you. Want to Upgrade?

To: Jongmans who wrote (494)	2/9/1999 9:23:00 AM
From: Biomaven	Read Replies (2) \| Respond to of 4474

Here's an excellent recent article in the National Law Journal on floorless instruments: ljx.com It's been my observation that the majority of companies that issue floorless instruments do very poorly. It's of course hard to tell whether this is because of the floorless itself or because the fact that they had to resort to one in the first place is indicative of their weak financial position to begin with. ARIA is of course not the first biotech to resort to a floorless instrument - other examples are GZTC and more recently XOMA. If the underlying fundamentals of the company improve, the floorless becomes much less significant. If they deteriorate, watch out below! Peter

To: Jongmans who wrote (494)	2/9/1999 11:49:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 4474

some kind of deformation The only kind of deformation I am familiar with has to do with atmospheric science... Actually I'm feeling a bit deflated after a fella on the yahoo board got all snotty about the level of noise he has to endure when he reads SI. So I'm shutting this thing off for the day and going skiing. Good luck to all of us. With any luck the biotech gurus who own Ariad, as well as people like myself who are simply dazzled by the science will all enjoy a rise in the stock someday.

To: Jongmans who wrote (494)	2/9/1999 11:36:00 PM
From: poodle	Respond to of 4474

US is very different from Europe in many aspects. SI is reasonable mirror of the reality. Floorless convertibles were very predictable, at least before. Do you like ARIA at this point? if yes, why? Have a nice day.