It's got to be something big. I've traked this one since Alan Ableson wrote about it in Barron's Up & Down Wall Street in Nov 94 (vary favorably and if you follow Ableson you know he's not the sort to give praise easily) . Yea it's volatile but I don't remember ever seeing anything like this before. Has anyone called their public relations dept to ask what the scoop?
The Perkin-Elmer Corp., J. Craig Venter and The Institute for Genomic Research on Saturday announced that they have signed letters of intent for the formation of a new genomics company by PKN and Venter. The as-yet-unnamed company plans to substan-tially complete the sequencing of the human genome in three years... The company also plans to build the expertise and informatics tools necessary to extract biological knowledge from the genomic data... Indeed, the new genomics company (Rockville, Md.) plans to make sequencing data publicly available.