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ABI info:

I do not own ABI shares. I am doing some research and thought I would share the following with this board. MLD38

NOTE the date of the report was 01/08/02 "UPDATE:
Applied Biosystems Predicts Revenue to Slump in 2002"
By a GenomeWeb staff reporter
The article starts off:
"SAN FRANCISCO, Jan. 8 - Applied Biosystems predicts that revenue growth will slow in 2002, president Michael Hunkapiller said on Tuesday in a poorly attended presentation here. The projected decrease is due to economic uncertainty and a transition to a new product cycle, Hunkapiller said at the 20th annual JPMorgan H&Q Healthcare Conference, which ends on Thursday. The rate slump, pegged at between 7 and 9 percent in October (reduced from a prediction of between 10 and 12 percent in March) is off from the 20 percent growth achieved by ABI in past years, according to an Applied Biosystems spokesperson who talked in greater detail after the presentation. ABI's fiscal year ends in June. Hunkapiller and Tony White, Applera's CEO, said the projected decrease is a function of a transition period from boom times fueled by the Human Genome Project—in which large labs purchased a high volume of equipment—to an environment in which more mainstream labs make smaller purchases."...
To read the rest: (You have to look down the list.)

News release of the conference:

ABI historical share price and volume:
Not much change in share price and volume before and after the poorly attended presentation in San Francisco in early January of 2002:

A weekly historical look from Aug through Jan 21st:

Today's news, "Applied Biosystems, biotechs slide, Bristol-Myers, pharmaceutical stocks also head lower":
Includes this:
..."expects fiscal 2002 earnings to be in the range of 80 cents per share to 90 cents per share. Analysts, on average, had been expecting 95 cents per share"...

Closed 01/24/02 at $25.20
52-week Range = low of $18.4900 to high of $94.2500
P/E = 153.36
Div/Shr = 0.17
Avg Vol = 1,337,818
01/24/02 Vol = 14,591,700
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