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

To: scaram(o)uche who wrote (108)	3/29/1999 11:02:00 AM
From: jeffbas	Read Replies (2) \| Respond to of 52153

Rick, do you think it is the CEO's and research staff's egos that prevent this from happening? Your own research idea is always better than someone else's, until it is too late? I might add that this phenomenon has been the situation in the electronic distribution business for some years. Now there are not many mid-sized firms left, either having merged to become bigger or bought by larger firms. (And there there was not even much incentive in terms of a higher multiple on the large companies; it just made sense from a business point of view.)