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Biotech / Medical : Monsanto Co. -- Ignore unavailable to you. Want to Upgrade?

To: JGoren who wrote (1533)	3/9/1999 11:34:00 AM
From: Dan Spillane	Read Replies (1) \| Respond to of 2539

As you may have noticed, the market doesn't seem to care about Celebrex prescriptions, thought this fact may upset some folks. Even more disturbing to me are "structural problems" within the market which lead to a "thin" company like Yahoo having a fat market capitalization, well ahead of a company like Monsanto (Yahoo $34Billion, Monsanto $29Billion). ...I was reading an article the other day which suggested that much of the money that might otherwise go into biotech companies is going into the already-overcapitalized "Internet" companies. Is this an "efficient" market, in a true economic sense? I think not.