Midwest Medium, Large-Cap Life Sciences Had Solid 2003
Laptop Battery By Michael Rosen • 01/12/04 CHICAGO Last week, as part of our 2003 year-end biotech wrap up, I reviewed the performance of the Midwest biotech publicly traded companies. The region had an incredible year for this group.
This week, lets a look at how the medium and large-cap Midwest life science companies fared in 2003. This group is even more important to monitor as a lot of the cash these companies spend on R&D and business development is on the biotech sector and some of that cash may just find its way into Midwest biotech coffers.
All of the above companies outperformed the Dow Industrials increase for 2003. Pharmaceutical companies Abbott, Baxter and Eli Lilly were all below the Dows performance. It appears that 2003 was good for medical devices and agroscience companies.
All in all, these larger-cap companies did not have as exciting a performance as the Midwest biotech companies. On the other hand, performance was generally solid across the board with no company having a declining year in its stock price.
See you next week!
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Michael S. Rosen is the vice chairman of human health at the Illinois Biotechnology Industry Organization (IBIO). He can be reached at rosenmichaels@aol.com. This article has been syndicated on the Wisconsin Technology Network courtesy of ePrairie, a user-driven business and technology news community distributed via the Web, the wireless Web and free daily e-mail newsletters. They can be found at www.eprairie.com.
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The opinions expressed herein or statements made in the above column are solely those of the author, & do not necessarily reflect the views of The Wisconsin Technology Network, LLC. (WTN). WTN, LLC accepts no legal liability or responsibility for any claims made or opinions expressed herein.)
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
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