Re: Lilly Stock Spirals Down (Time for a little celebration!)

October 27, 2004

I hate for people to lose jobs but I love this news. goes to show

what unethical and harmful products will get a business everytime.

Couldn't happen to a better bunch. Makes me think carefully about

where I will work.

>

> http://www.indystar.com/articles/3/189440-8983-223.html

>

> Lilly stock spirals down

> The Indianapolis company's share price has hit a 52-week low every day

since

> Oct. 19.

>

> By J.K. Wall

> jk.wall@...

> October 26, 2004

>

> Eli Lilly and Co. shares hit another 52-week low Monday as the company

> continued to feel the fallout from its own weak financial growth and that

of

> the whole pharmaceutical industry.

>

> Shares of the Indianapolis-based company have fallen nearly 15 percent in

> the past two weeks, closing Monday at $50.44 a share. The value has fallen

> by more than 28 percent since Jan. 1. Lilly stock closed as high as $76.95

> in early June.

>

> The share price has hit a new 52-week low every day since Oct. 19. Lilly,

> Central Indiana's largest private employer, last week announced job cuts

and

> reported sales that disappointed Wall Street analysts.

>

> If the difficulties at Lilly are prolonged, they could indirectly affect

the

> Lilly Endowment, a massive Indianapolis philanthropic foundation.

>

> While the $10.8 billion endowment is independent of the drug maker, Lilly

> stock is the endowment's most significant asset.

>

> For now, however, the company's performance should not change the

> endowment's level of giving, said an official with the Indiana Grantmakers

> Alliance.

>

> " Private foundations are obligated to pay out at least 5 percent of their

> assets. However, the 5 percent is based on a three-year rolling average, "

> said Audette, vice president of the alliance, in a written

> statement. " Therefore a spike one way or the other in the market or in a

> particular stock, even if a foundation is heavy in that stock, has little

> effect on the long-term giving. "

> Other drug companies also aren't faring well on Wall Street.

>

> Last week was the fifth straight that the American Stock Exchange

> Pharmaceutical Index fell. The slide started just before Merck & Co Inc.

> announced that it would yank Vioxx, a popular arthritis drug, from the

> market. Hazlett, a pharmaceuticals analyst at SunTrust

> Humphrey, described that development as a " disaster " for Merck that has

> affected the entire industry.

>

> Pfizer, the world's largest drug maker, disappointed investors last week

> with revenues that missed analysts' estimates. Its profits beat estimates

by

> a penny per share, but it also warned that next year's results could be

hurt

> by the arrival of generic competitors against four of its drugs.

> GlaxoKline, which reports earnings Thursday, faces several cheaper

> copycat medications that will compete with its compounds.

>

> In addition, Hazlett said, pharmaceutical companies also fear that a

victory

> by presidential candidate Kerry would lead to lower drug prices and

> imported drugs from Canada. Kerry has said he wants government health care

> programs to negotiate lower prices with drug companies.

>

> " The specter of a Democratic administration has had some effect on the

> stocks, " Hazlett said.

> Politics aside, Lilly has struggled to keep sales up and costs down.

>

> In the past two weeks, Lilly has announced it would cut 1,000 jobs from

its

> work force, which numbers 46,000 worldwide. Lilly's operations in

> Indianapolis will absorb 225. Lilly also instituted a hiring freeze in

> August.

>

> Those cost-cutting moves helped Lilly post a 6 percent increase in profits

> in its fiscal third quarter; revenue grew a modest 4 percent, leaving Wall

> Street nonplussed.

>

> " The good news is management had the 'wiggle room' -- the bad news is they

> needed it (and likely will continue to), " wrote Carl Seiden, an analyst

> covering Lilly for the brokerage firm UBS.

>

> Many analysts are worried by declining sales of Lilly's blockbuster drug,

> Zyprexa. It generates more than $4 billion a year for Lilly, and, by some

> analysts' estimates, accounts for 60 percent of the company's profits.

>

> Sales of the antipsychotic drug fell 9 percent in Lilly's third quarter,

> including a 22 percent drop in the United States. And the patent challenge

> brought against Zyprexa by a generic drug maker, which is now in the hands

> of an Indianapolis judge, still hangs like a cloud over Lilly.

>

> " We believe investors are better off on the sidelines until the visibility

> on the Zyprexa controversies improve, " Seiden wrote.

>

> Other analysts have been disappointed in early sales of Lilly's newest

> drugs, such as Strattera, which is used in treating attention-deficit

> hyperactivity disorder.

>

> But Hazlett takes a rosier view on Lilly. He points to Cymbalta, an

> antidepressant Lilly rolled out this summer, as evidence for his

prediction

> of strong profit growth the next two years.

>

> Hazlett wrote that he " would recommend that investors use the recent

> weakness to establish or add to a position. "

>

> Star reporter O'Neal contributed to this story.

> Call Star reporter J.K. Wall at (317) 444-6287.

>

October 27, 2004

I hate for people to lose jobs but I love this news. goes to show

what unethical and harmful products will get a business everytime.

Couldn't happen to a better bunch. Makes me think carefully about

where I will work.

>

> http://www.indystar.com/articles/3/189440-8983-223.html

>

> Lilly stock spirals down

> The Indianapolis company's share price has hit a 52-week low every day

since

> Oct. 19.

>

> By J.K. Wall

> jk.wall@...

> October 26, 2004

>

> Eli Lilly and Co. shares hit another 52-week low Monday as the company

> continued to feel the fallout from its own weak financial growth and that

of

> the whole pharmaceutical industry.

>

> Shares of the Indianapolis-based company have fallen nearly 15 percent in

> the past two weeks, closing Monday at $50.44 a share. The value has fallen

> by more than 28 percent since Jan. 1. Lilly stock closed as high as $76.95

> in early June.

>

> The share price has hit a new 52-week low every day since Oct. 19. Lilly,

> Central Indiana's largest private employer, last week announced job cuts

and

> reported sales that disappointed Wall Street analysts.

>

> If the difficulties at Lilly are prolonged, they could indirectly affect

the

> Lilly Endowment, a massive Indianapolis philanthropic foundation.

>

> While the $10.8 billion endowment is independent of the drug maker, Lilly

> stock is the endowment's most significant asset.

>

> For now, however, the company's performance should not change the

> endowment's level of giving, said an official with the Indiana Grantmakers

> Alliance.

>

> " Private foundations are obligated to pay out at least 5 percent of their

> assets. However, the 5 percent is based on a three-year rolling average, "

> said Audette, vice president of the alliance, in a written

> statement. " Therefore a spike one way or the other in the market or in a

> particular stock, even if a foundation is heavy in that stock, has little

> effect on the long-term giving. "

> Other drug companies also aren't faring well on Wall Street.

>

> Last week was the fifth straight that the American Stock Exchange

> Pharmaceutical Index fell. The slide started just before Merck & Co Inc.

> announced that it would yank Vioxx, a popular arthritis drug, from the

> market. Hazlett, a pharmaceuticals analyst at SunTrust

> Humphrey, described that development as a " disaster " for Merck that has

> affected the entire industry.

>

> Pfizer, the world's largest drug maker, disappointed investors last week

> with revenues that missed analysts' estimates. Its profits beat estimates

by

> a penny per share, but it also warned that next year's results could be

hurt

> by the arrival of generic competitors against four of its drugs.

> GlaxoKline, which reports earnings Thursday, faces several cheaper

> copycat medications that will compete with its compounds.

>

> In addition, Hazlett said, pharmaceutical companies also fear that a

victory

> by presidential candidate Kerry would lead to lower drug prices and

> imported drugs from Canada. Kerry has said he wants government health care

> programs to negotiate lower prices with drug companies.

>

> " The specter of a Democratic administration has had some effect on the

> stocks, " Hazlett said.

> Politics aside, Lilly has struggled to keep sales up and costs down.

>

> In the past two weeks, Lilly has announced it would cut 1,000 jobs from

its

> work force, which numbers 46,000 worldwide. Lilly's operations in

> Indianapolis will absorb 225. Lilly also instituted a hiring freeze in

> August.

>

> Those cost-cutting moves helped Lilly post a 6 percent increase in profits

> in its fiscal third quarter; revenue grew a modest 4 percent, leaving Wall

> Street nonplussed.

>

> " The good news is management had the 'wiggle room' -- the bad news is they

> needed it (and likely will continue to), " wrote Carl Seiden, an analyst

> covering Lilly for the brokerage firm UBS.

>

> Many analysts are worried by declining sales of Lilly's blockbuster drug,

> Zyprexa. It generates more than $4 billion a year for Lilly, and, by some

> analysts' estimates, accounts for 60 percent of the company's profits.

>

> Sales of the antipsychotic drug fell 9 percent in Lilly's third quarter,

> including a 22 percent drop in the United States. And the patent challenge

> brought against Zyprexa by a generic drug maker, which is now in the hands

> of an Indianapolis judge, still hangs like a cloud over Lilly.

>

> " We believe investors are better off on the sidelines until the visibility

> on the Zyprexa controversies improve, " Seiden wrote.

>

> Other analysts have been disappointed in early sales of Lilly's newest

> drugs, such as Strattera, which is used in treating attention-deficit

> hyperactivity disorder.

>

> But Hazlett takes a rosier view on Lilly. He points to Cymbalta, an

> antidepressant Lilly rolled out this summer, as evidence for his

prediction

> of strong profit growth the next two years.

>

> Hazlett wrote that he " would recommend that investors use the recent

> weakness to establish or add to a position. "

>

> Star reporter O'Neal contributed to this story.

> Call Star reporter J.K. Wall at (317) 444-6287.

>

October 27, 2004

Dear Jim, Can you send this without all the >'s

A good companion to the financial expose i just sent bout SSRi's effect on

my family Re: Lilly Stock Spirals Down (Time for a little

celebration!)

>

> I hate for people to lose jobs but I love this news. goes to show

> what unethical and harmful products will get a business everytime.

> Couldn't happen to a better bunch. Makes me think carefully about

> where I will work.

>

> >

> > http://www.indystar.com/articles/3/189440-8983-223.html

> >

> > Lilly stock spirals down

> > The Indianapolis company's share price has hit a 52-week low every day

> since

> > Oct. 19.

> >

> > By J.K. Wall

> > jk.wall@...

> > October 26, 2004

> >

> > Eli Lilly and Co. shares hit another 52-week low Monday as the company

> > continued to feel the fallout from its own weak financial growth and

that

> of

> > the whole pharmaceutical industry.

> >

> > Shares of the Indianapolis-based company have fallen nearly 15 percent

in

> > the past two weeks, closing Monday at $50.44 a share. The value has

fallen

> > by more than 28 percent since Jan. 1. Lilly stock closed as high as

$76.95

> > in early June.

> >

> > The share price has hit a new 52-week low every day since Oct. 19.

Lilly,

> > Central Indiana's largest private employer, last week announced job cuts

> and

> > reported sales that disappointed Wall Street analysts.

> >

> > If the difficulties at Lilly are prolonged, they could indirectly affect

> the

> > Lilly Endowment, a massive Indianapolis philanthropic foundation.

> >

> > While the $10.8 billion endowment is independent of the drug maker,

Lilly

> > stock is the endowment's most significant asset.

> >

> > For now, however, the company's performance should not change the

> > endowment's level of giving, said an official with the Indiana

Grantmakers

> > Alliance.

> >

> > " Private foundations are obligated to pay out at least 5 percent of

their

> > assets. However, the 5 percent is based on a three-year rolling

average, "

> > said Audette, vice president of the alliance, in a written

> > statement. " Therefore a spike one way or the other in the market or in a

> > particular stock, even if a foundation is heavy in that stock, has

little

> > effect on the long-term giving. "

> > Other drug companies also aren't faring well on Wall Street.

> >

> > Last week was the fifth straight that the American Stock Exchange

> > Pharmaceutical Index fell. The slide started just before Merck & Co Inc.

> > announced that it would yank Vioxx, a popular arthritis drug, from the

> > market. Hazlett, a pharmaceuticals analyst at SunTrust

> > Humphrey, described that development as a " disaster " for Merck that has

> > affected the entire industry.

> >

> > Pfizer, the world's largest drug maker, disappointed investors last week

> > with revenues that missed analysts' estimates. Its profits beat

estimates

> by

> > a penny per share, but it also warned that next year's results could be

> hurt

> > by the arrival of generic competitors against four of its drugs.

> > GlaxoKline, which reports earnings Thursday, faces several cheaper

> > copycat medications that will compete with its compounds.

> >

> > In addition, Hazlett said, pharmaceutical companies also fear that a

> victory

> > by presidential candidate Kerry would lead to lower drug prices and

> > imported drugs from Canada. Kerry has said he wants government health

care

> > programs to negotiate lower prices with drug companies.

> >

> > " The specter of a Democratic administration has had some effect on the

> > stocks, " Hazlett said.

> > Politics aside, Lilly has struggled to keep sales up and costs down.

> >

> > In the past two weeks, Lilly has announced it would cut 1,000 jobs from

> its

> > work force, which numbers 46,000 worldwide. Lilly's operations in

> > Indianapolis will absorb 225. Lilly also instituted a hiring freeze in

> > August.

> >

> > Those cost-cutting moves helped Lilly post a 6 percent increase in

profits

> > in its fiscal third quarter; revenue grew a modest 4 percent, leaving

Wall

> > Street nonplussed.

> >

> > " The good news is management had the 'wiggle room' -- the bad news is

they

> > needed it (and likely will continue to), " wrote Carl Seiden, an analyst

> > covering Lilly for the brokerage firm UBS.

> >

> > Many analysts are worried by declining sales of Lilly's blockbuster

drug,

> > Zyprexa. It generates more than $4 billion a year for Lilly, and, by

some

> > analysts' estimates, accounts for 60 percent of the company's profits.

> >

> > Sales of the antipsychotic drug fell 9 percent in Lilly's third quarter,

> > including a 22 percent drop in the United States. And the patent

challenge

> > brought against Zyprexa by a generic drug maker, which is now in the

hands

> > of an Indianapolis judge, still hangs like a cloud over Lilly.

> >

> > " We believe investors are better off on the sidelines until the

visibility

> > on the Zyprexa controversies improve, " Seiden wrote.

> >

> > Other analysts have been disappointed in early sales of Lilly's newest

> > drugs, such as Strattera, which is used in treating attention-deficit

> > hyperactivity disorder.

> >

> > But Hazlett takes a rosier view on Lilly. He points to Cymbalta, an

> > antidepressant Lilly rolled out this summer, as evidence for his

> prediction

> > of strong profit growth the next two years.

> >

> > Hazlett wrote that he " would recommend that investors use the recent

> > weakness to establish or add to a position. "

> >

> > Star reporter O'Neal contributed to this story.

> > Call Star reporter J.K. Wall at (317) 444-6287.

> >

October 27, 2004

Dear Jim, Can you send this without all the >'s

A good companion to the financial expose i just sent bout SSRi's effect on

my family Re: Lilly Stock Spirals Down (Time for a little

celebration!)

>

> I hate for people to lose jobs but I love this news. goes to show

> what unethical and harmful products will get a business everytime.

> Couldn't happen to a better bunch. Makes me think carefully about

> where I will work.

>

> >

> > http://www.indystar.com/articles/3/189440-8983-223.html

> >

> > Lilly stock spirals down

> > The Indianapolis company's share price has hit a 52-week low every day

> since

> > Oct. 19.

> >

> > By J.K. Wall

> > jk.wall@...

> > October 26, 2004

> >

> > Eli Lilly and Co. shares hit another 52-week low Monday as the company

> > continued to feel the fallout from its own weak financial growth and

that

> of

> > the whole pharmaceutical industry.

> >

> > Shares of the Indianapolis-based company have fallen nearly 15 percent

in

> > the past two weeks, closing Monday at $50.44 a share. The value has

fallen

> > by more than 28 percent since Jan. 1. Lilly stock closed as high as

$76.95

> > in early June.

> >

> > The share price has hit a new 52-week low every day since Oct. 19.

Lilly,

> > Central Indiana's largest private employer, last week announced job cuts

> and

> > reported sales that disappointed Wall Street analysts.

> >

> > If the difficulties at Lilly are prolonged, they could indirectly affect

> the

> > Lilly Endowment, a massive Indianapolis philanthropic foundation.

> >

> > While the $10.8 billion endowment is independent of the drug maker,

Lilly

> > stock is the endowment's most significant asset.

> >

> > For now, however, the company's performance should not change the

> > endowment's level of giving, said an official with the Indiana

Grantmakers

> > Alliance.

> >

> > " Private foundations are obligated to pay out at least 5 percent of

their

> > assets. However, the 5 percent is based on a three-year rolling

average, "

> > said Audette, vice president of the alliance, in a written

> > statement. " Therefore a spike one way or the other in the market or in a

> > particular stock, even if a foundation is heavy in that stock, has

little

> > effect on the long-term giving. "

> > Other drug companies also aren't faring well on Wall Street.

> >

> > Last week was the fifth straight that the American Stock Exchange

> > Pharmaceutical Index fell. The slide started just before Merck & Co Inc.

> > announced that it would yank Vioxx, a popular arthritis drug, from the

> > market. Hazlett, a pharmaceuticals analyst at SunTrust

> > Humphrey, described that development as a " disaster " for Merck that has

> > affected the entire industry.

> >

> > Pfizer, the world's largest drug maker, disappointed investors last week

> > with revenues that missed analysts' estimates. Its profits beat

estimates

> by

> > a penny per share, but it also warned that next year's results could be

> hurt

> > by the arrival of generic competitors against four of its drugs.

> > GlaxoKline, which reports earnings Thursday, faces several cheaper

> > copycat medications that will compete with its compounds.

> >

> > In addition, Hazlett said, pharmaceutical companies also fear that a

> victory

> > by presidential candidate Kerry would lead to lower drug prices and

> > imported drugs from Canada. Kerry has said he wants government health

care

> > programs to negotiate lower prices with drug companies.

> >

> > " The specter of a Democratic administration has had some effect on the

> > stocks, " Hazlett said.

> > Politics aside, Lilly has struggled to keep sales up and costs down.

> >

> > In the past two weeks, Lilly has announced it would cut 1,000 jobs from

> its

> > work force, which numbers 46,000 worldwide. Lilly's operations in

> > Indianapolis will absorb 225. Lilly also instituted a hiring freeze in

> > August.

> >

> > Those cost-cutting moves helped Lilly post a 6 percent increase in

profits

> > in its fiscal third quarter; revenue grew a modest 4 percent, leaving

Wall

> > Street nonplussed.

> >

> > " The good news is management had the 'wiggle room' -- the bad news is

they

> > needed it (and likely will continue to), " wrote Carl Seiden, an analyst

> > covering Lilly for the brokerage firm UBS.

> >

> > Many analysts are worried by declining sales of Lilly's blockbuster

drug,

> > Zyprexa. It generates more than $4 billion a year for Lilly, and, by

some

> > analysts' estimates, accounts for 60 percent of the company's profits.

> >

> > Sales of the antipsychotic drug fell 9 percent in Lilly's third quarter,

> > including a 22 percent drop in the United States. And the patent

challenge

> > brought against Zyprexa by a generic drug maker, which is now in the

hands

> > of an Indianapolis judge, still hangs like a cloud over Lilly.

> >

> > " We believe investors are better off on the sidelines until the

visibility

> > on the Zyprexa controversies improve, " Seiden wrote.

> >

> > Other analysts have been disappointed in early sales of Lilly's newest

> > drugs, such as Strattera, which is used in treating attention-deficit

> > hyperactivity disorder.

> >

> > But Hazlett takes a rosier view on Lilly. He points to Cymbalta, an

> > antidepressant Lilly rolled out this summer, as evidence for his

> prediction

> > of strong profit growth the next two years.

> >

> > Hazlett wrote that he " would recommend that investors use the recent

> > weakness to establish or add to a position. "

> >

> > Star reporter O'Neal contributed to this story.

> > Call Star reporter J.K. Wall at (317) 444-6287.

> >

October 27, 2004

Nope. Your best bet is to go back to the original post that I commented on

or

click on the link to the article. What your asking is that I edit out all

the >'s by hand

and I'm not gonna do it

Best,

Jim

Re: Lilly Stock Spirals Down (Time for a little

> celebration!)

>

> >

> > I hate for people to lose jobs but I love this news. goes to show

> > what unethical and harmful products will get a business everytime.

> > Couldn't happen to a better bunch. Makes me think carefully about

> > where I will work.

> >

> > >

> > > http://www.indystar.com/articles/3/189440-8983-223.html

> > >

> > > Lilly stock spirals down

> > > The Indianapolis company's share price has hit a 52-week low every day

> > since

> > > Oct. 19.

> > >

> > > By J.K. Wall

> > > jk.wall@...

> > > October 26, 2004

> > >

> > > Eli Lilly and Co. shares hit another 52-week low Monday as the company

> > > continued to feel the fallout from its own weak financial growth and

> that

> > of

> > > the whole pharmaceutical industry.

> > >

> > > Shares of the Indianapolis-based company have fallen nearly 15 percent

> in

> > > the past two weeks, closing Monday at $50.44 a share. The value has

> fallen

> > > by more than 28 percent since Jan. 1. Lilly stock closed as high as

> $76.95

> > > in early June.

> > >

> > > The share price has hit a new 52-week low every day since Oct. 19.

> Lilly,

> > > Central Indiana's largest private employer, last week announced job

cuts

> > and

> > > reported sales that disappointed Wall Street analysts.

> > >

> > > If the difficulties at Lilly are prolonged, they could indirectly

affect

> > the

> > > Lilly Endowment, a massive Indianapolis philanthropic foundation.

> > >

> > > While the $10.8 billion endowment is independent of the drug maker,

> Lilly

> > > stock is the endowment's most significant asset.

> > >

> > > For now, however, the company's performance should not change the

> > > endowment's level of giving, said an official with the Indiana

> Grantmakers

> > > Alliance.

> > >

> > > " Private foundations are obligated to pay out at least 5 percent of

> their

> > > assets. However, the 5 percent is based on a three-year rolling

> average, "

> > > said Audette, vice president of the alliance, in a written

> > > statement. " Therefore a spike one way or the other in the market or in

a

> > > particular stock, even if a foundation is heavy in that stock, has

> little

> > > effect on the long-term giving. "

> > > Other drug companies also aren't faring well on Wall Street.

> > >

> > > Last week was the fifth straight that the American Stock Exchange

> > > Pharmaceutical Index fell. The slide started just before Merck & Co

Inc.

> > > announced that it would yank Vioxx, a popular arthritis drug, from the

> > > market. Hazlett, a pharmaceuticals analyst at SunTrust

> > > Humphrey, described that development as a " disaster " for Merck that

has

> > > affected the entire industry.

> > >

> > > Pfizer, the world's largest drug maker, disappointed investors last

week

> > > with revenues that missed analysts' estimates. Its profits beat

> estimates

> > by

> > > a penny per share, but it also warned that next year's results could

be

> > hurt

> > > by the arrival of generic competitors against four of its drugs.

> > > GlaxoKline, which reports earnings Thursday, faces several

cheaper

> > > copycat medications that will compete with its compounds.

> > >

> > > In addition, Hazlett said, pharmaceutical companies also fear that a

> > victory

> > > by presidential candidate Kerry would lead to lower drug prices

and

> > > imported drugs from Canada. Kerry has said he wants government health

> care

> > > programs to negotiate lower prices with drug companies.

> > >

> > > " The specter of a Democratic administration has had some effect on the

> > > stocks, " Hazlett said.

> > > Politics aside, Lilly has struggled to keep sales up and costs down.

> > >

> > > In the past two weeks, Lilly has announced it would cut 1,000 jobs

from

> > its

> > > work force, which numbers 46,000 worldwide. Lilly's operations in

> > > Indianapolis will absorb 225. Lilly also instituted a hiring freeze in

> > > August.

> > >

> > > Those cost-cutting moves helped Lilly post a 6 percent increase in

> profits

> > > in its fiscal third quarter; revenue grew a modest 4 percent, leaving

> Wall

> > > Street nonplussed.

> > >

> > > " The good news is management had the 'wiggle room' -- the bad news is

> they

> > > needed it (and likely will continue to), " wrote Carl Seiden, an

analyst

> > > covering Lilly for the brokerage firm UBS.

> > >

> > > Many analysts are worried by declining sales of Lilly's blockbuster

> drug,

> > > Zyprexa. It generates more than $4 billion a year for Lilly, and, by

> some

> > > analysts' estimates, accounts for 60 percent of the company's profits.

> > >

> > > Sales of the antipsychotic drug fell 9 percent in Lilly's third

quarter,

> > > including a 22 percent drop in the United States. And the patent

> challenge

> > > brought against Zyprexa by a generic drug maker, which is now in the

> hands

> > > of an Indianapolis judge, still hangs like a cloud over Lilly.

> > >

> > > " We believe investors are better off on the sidelines until the

> visibility

> > > on the Zyprexa controversies improve, " Seiden wrote.

> > >

> > > Other analysts have been disappointed in early sales of Lilly's newest

> > > drugs, such as Strattera, which is used in treating attention-deficit

> > > hyperactivity disorder.

> > >

> > > But Hazlett takes a rosier view on Lilly. He points to Cymbalta, an

> > > antidepressant Lilly rolled out this summer, as evidence for his

> > prediction

> > > of strong profit growth the next two years.

> > >

> > > Hazlett wrote that he " would recommend that investors use the recent

> > > weakness to establish or add to a position. "

> > >

> > > Star reporter O'Neal contributed to this story.

> > > Call Star reporter J.K. Wall at (317) 444-6287.

> > >

October 27, 2004

Nope. Your best bet is to go back to the original post that I commented on

or

click on the link to the article. What your asking is that I edit out all

the >'s by hand

and I'm not gonna do it

Best,

Jim

Re: Lilly Stock Spirals Down (Time for a little

> celebration!)

>

> >

> > I hate for people to lose jobs but I love this news. goes to show

> > what unethical and harmful products will get a business everytime.

> > Couldn't happen to a better bunch. Makes me think carefully about

> > where I will work.

> >

> > >

> > > http://www.indystar.com/articles/3/189440-8983-223.html

> > >

> > > Lilly stock spirals down

> > > The Indianapolis company's share price has hit a 52-week low every day

> > since

> > > Oct. 19.

> > >

> > > By J.K. Wall

> > > jk.wall@...

> > > October 26, 2004

> > >

> > > Eli Lilly and Co. shares hit another 52-week low Monday as the company

> > > continued to feel the fallout from its own weak financial growth and

> that

> > of

> > > the whole pharmaceutical industry.

> > >

> > > Shares of the Indianapolis-based company have fallen nearly 15 percent

> in

> > > the past two weeks, closing Monday at $50.44 a share. The value has

> fallen

> > > by more than 28 percent since Jan. 1. Lilly stock closed as high as

> $76.95

> > > in early June.

> > >

> > > The share price has hit a new 52-week low every day since Oct. 19.

> Lilly,

> > > Central Indiana's largest private employer, last week announced job

cuts

> > and

> > > reported sales that disappointed Wall Street analysts.

> > >

> > > If the difficulties at Lilly are prolonged, they could indirectly

affect

> > the

> > > Lilly Endowment, a massive Indianapolis philanthropic foundation.

> > >

> > > While the $10.8 billion endowment is independent of the drug maker,

> Lilly

> > > stock is the endowment's most significant asset.

> > >

> > > For now, however, the company's performance should not change the

> > > endowment's level of giving, said an official with the Indiana

> Grantmakers

> > > Alliance.

> > >

> > > " Private foundations are obligated to pay out at least 5 percent of

> their

> > > assets. However, the 5 percent is based on a three-year rolling

> average, "

> > > said Audette, vice president of the alliance, in a written

> > > statement. " Therefore a spike one way or the other in the market or in

a

> > > particular stock, even if a foundation is heavy in that stock, has

> little

> > > effect on the long-term giving. "

> > > Other drug companies also aren't faring well on Wall Street.

> > >

> > > Last week was the fifth straight that the American Stock Exchange

> > > Pharmaceutical Index fell. The slide started just before Merck & Co

Inc.

> > > announced that it would yank Vioxx, a popular arthritis drug, from the

> > > market. Hazlett, a pharmaceuticals analyst at SunTrust

> > > Humphrey, described that development as a " disaster " for Merck that

has

> > > affected the entire industry.

> > >

> > > Pfizer, the world's largest drug maker, disappointed investors last

week

> > > with revenues that missed analysts' estimates. Its profits beat

> estimates

> > by

> > > a penny per share, but it also warned that next year's results could

be

> > hurt

> > > by the arrival of generic competitors against four of its drugs.

> > > GlaxoKline, which reports earnings Thursday, faces several

cheaper

> > > copycat medications that will compete with its compounds.

> > >

> > > In addition, Hazlett said, pharmaceutical companies also fear that a

> > victory

> > > by presidential candidate Kerry would lead to lower drug prices

and

> > > imported drugs from Canada. Kerry has said he wants government health

> care

> > > programs to negotiate lower prices with drug companies.

> > >

> > > " The specter of a Democratic administration has had some effect on the

> > > stocks, " Hazlett said.

> > > Politics aside, Lilly has struggled to keep sales up and costs down.

> > >

> > > In the past two weeks, Lilly has announced it would cut 1,000 jobs

from

> > its

> > > work force, which numbers 46,000 worldwide. Lilly's operations in

> > > Indianapolis will absorb 225. Lilly also instituted a hiring freeze in

> > > August.

> > >

> > > Those cost-cutting moves helped Lilly post a 6 percent increase in

> profits

> > > in its fiscal third quarter; revenue grew a modest 4 percent, leaving

> Wall

> > > Street nonplussed.

> > >

> > > " The good news is management had the 'wiggle room' -- the bad news is

> they

> > > needed it (and likely will continue to), " wrote Carl Seiden, an

analyst

> > > covering Lilly for the brokerage firm UBS.

> > >

> > > Many analysts are worried by declining sales of Lilly's blockbuster

> drug,

> > > Zyprexa. It generates more than $4 billion a year for Lilly, and, by

> some

> > > analysts' estimates, accounts for 60 percent of the company's profits.

> > >

> > > Sales of the antipsychotic drug fell 9 percent in Lilly's third

quarter,

> > > including a 22 percent drop in the United States. And the patent

> challenge

> > > brought against Zyprexa by a generic drug maker, which is now in the

> hands

> > > of an Indianapolis judge, still hangs like a cloud over Lilly.

> > >

> > > " We believe investors are better off on the sidelines until the

> visibility

> > > on the Zyprexa controversies improve, " Seiden wrote.

> > >

> > > Other analysts have been disappointed in early sales of Lilly's newest

> > > drugs, such as Strattera, which is used in treating attention-deficit

> > > hyperactivity disorder.

> > >

> > > But Hazlett takes a rosier view on Lilly. He points to Cymbalta, an

> > > antidepressant Lilly rolled out this summer, as evidence for his

> > prediction

> > > of strong profit growth the next two years.

> > >

> > > Hazlett wrote that he " would recommend that investors use the recent

> > > weakness to establish or add to a position. "

> > >

> > > Star reporter O'Neal contributed to this story.

> > > Call Star reporter J.K. Wall at (317) 444-6287.

> > >

October 27, 2004

funny, oh come on Jim. lololololol. i'm sorry, but

this is to funny. lololololol Why not????

Connie

--- Jim <mofunnow@...> wrote:

---------------------------------

Nope. Your best bet is to go back to the original post

that I commented on

or

click on the link to the article. What your asking is

that I edit out all

the >'s by hand

and I'm not gonna do it

Best,

Jim

Re: Lilly Stock Spirals

Down (Time for a little

> celebration!)

>

> >

> > I hate for people to lose jobs but I love this

news. goes to show

> > what unethical and harmful products will get a

business everytime.

> > Couldn't happen to a better bunch. Makes me think

carefully about

> > where I will work.

> >

> > >

http://www.indystar.com/articles/3/189440-8983-223.html

> > >

> > > Lilly stock spirals down

> > > The Indianapolis company's share price has hit a

52-week low every day

> > since

> > > Oct. 19.

> > >

> > > By J.K. Wall

> > > jk.wall@...

> > > October 26, 2004

> > >

> > > Eli Lilly and Co. shares hit another 52-week low

Monday as the company

> > > continued to feel the fallout from its own weak

financial growth and

> that

> > of

> > > the whole pharmaceutical industry.

> > >

> > > Shares of the Indianapolis-based company have

fallen nearly 15 percent

> in

> > > the past two weeks, closing Monday at $50.44 a

share. The value has

> fallen

> > > by more than 28 percent since Jan. 1. Lilly

stock closed as high as

> $76.95

> > > in early June.

> > >

> > > The share price has hit a new 52-week low every

day since Oct. 19.

> Lilly,

> > > Central Indiana's largest private employer, last

week announced job

cuts

> > and

> > > reported sales that disappointed Wall Street

analysts.

> > >

> > > If the difficulties at Lilly are prolonged, they

could indirectly

affect

> > the

> > > Lilly Endowment, a massive Indianapolis

philanthropic foundation.

> > >

> > > While the $10.8 billion endowment is independent

of the drug maker,

> Lilly

> > > stock is the endowment's most significant asset.

> > >

> > > For now, however, the company's performance

should not change the

> > > endowment's level of giving, said an official

with the Indiana

> Grantmakers

> > > Alliance.

> > >

> > > " Private foundations are obligated to pay out at

least 5 percent of

> their

> > > assets. However, the 5 percent is based on a

three-year rolling

> average, "

> > > said Audette, vice president of the

alliance, in a written

> > > statement. " Therefore a spike one way or the

other in the market or in

a

> > > particular stock, even if a foundation is heavy

in that stock, has

> little

> > > effect on the long-term giving. "

> > > Other drug companies also aren't faring well on

Wall Street.

> > >

> > > Last week was the fifth straight that the

American Stock Exchange

> > > Pharmaceutical Index fell. The slide started

just before Merck & Co

Inc.

> > > announced that it would yank Vioxx, a popular

arthritis drug, from the

> > > market. Hazlett, a pharmaceuticals

analyst at SunTrust

> > > Humphrey, described that development as a

" disaster " for Merck that

has

> > > affected the entire industry.

> > >

> > > Pfizer, the world's largest drug maker,

disappointed investors last

week

> > > with revenues that missed analysts' estimates.

Its profits beat

> estimates

> > by

> > > a penny per share, but it also warned that next

year's results could

be

> > hurt

> > > by the arrival of generic competitors against

four of its drugs.

> > > GlaxoKline, which reports earnings

Thursday, faces several

cheaper

> > > copycat medications that will compete with its

compounds.

> > >

> > > In addition, Hazlett said, pharmaceutical

companies also fear that a

> > victory

> > > by presidential candidate Kerry would lead

to lower drug prices

and

> > > imported drugs from Canada. Kerry has said he

wants government health

> care

> > > programs to negotiate lower prices with drug

companies.

> > >

> > > " The specter of a Democratic administration has

had some effect on the

> > > stocks, " Hazlett said.

> > > Politics aside, Lilly has struggled to keep

sales up and costs down.

> > >

> > > In the past two weeks, Lilly has announced it

would cut 1,000 jobs

from

> > its

> > > work force, which numbers 46,000 worldwide.

Lilly's operations in

> > > Indianapolis will absorb 225. Lilly also

instituted a hiring freeze in

> > > August.

> > >

> > > Those cost-cutting moves helped Lilly post a 6

percent increase in

> profits

> > > in its fiscal third quarter; revenue grew a

modest 4 percent, leaving

> Wall

> > > Street nonplussed.

> > >

> > > " The good news is management had the 'wiggle

room' -- the bad news is

> they

> > > needed it (and likely will continue to), " wrote

Carl Seiden, an

analyst

> > > covering Lilly for the brokerage firm UBS.

> > >

> > > Many analysts are worried by declining sales of

Lilly's blockbuster

> drug,

> > > Zyprexa. It generates more than $4 billion a

year for Lilly, and, by

> some

> > > analysts' estimates, accounts for 60 percent of

the company's profits.

> > >

> > > Sales of the antipsychotic drug fell 9 percent

in Lilly's third

quarter,

> > > including a 22 percent drop in the United

States. And the patent

> challenge

> > > brought against Zyprexa by a generic drug maker,

which is now in the

> hands

> > > of an Indianapolis judge, still hangs like a

cloud over Lilly.

> > >

> > > " We believe investors are better off on the

sidelines until the

> visibility

> > > on the Zyprexa controversies improve, " Seiden

wrote.

> > >

> > > Other analysts have been disappointed in early

sales of Lilly's newest

> > > drugs, such as Strattera, which is used in

treating attention-deficit

> > > hyperactivity disorder.

> > >

> > > But Hazlett takes a rosier view on Lilly. He

points to Cymbalta, an

> > > antidepressant Lilly rolled out this summer, as

evidence for his

> > prediction

> > > of strong profit growth the next two years.

> > >

> > > Hazlett wrote that he " would recommend that

investors use the recent

> > > weakness to establish or add to a position. "

> > >

> > > Star reporter O'Neal contributed to this

story.

> > > Call Star reporter J.K. Wall at (317) 444-6287.

> > >

October 27, 2004

funny, oh come on Jim. lololololol. i'm sorry, but

this is to funny. lololololol Why not????

Connie

--- Jim <mofunnow@...> wrote:

---------------------------------

Nope. Your best bet is to go back to the original post

that I commented on

or

click on the link to the article. What your asking is

that I edit out all

the >'s by hand

and I'm not gonna do it

Best,

Jim

Re: Lilly Stock Spirals

Down (Time for a little

> celebration!)

>

> >

> > I hate for people to lose jobs but I love this

news. goes to show

> > what unethical and harmful products will get a

business everytime.

> > Couldn't happen to a better bunch. Makes me think

carefully about

> > where I will work.

> >

> > >

http://www.indystar.com/articles/3/189440-8983-223.html

> > >

> > > Lilly stock spirals down

> > > The Indianapolis company's share price has hit a

52-week low every day

> > since

> > > Oct. 19.

> > >

> > > By J.K. Wall

> > > jk.wall@...

> > > October 26, 2004

> > >

> > > Eli Lilly and Co. shares hit another 52-week low

Monday as the company

> > > continued to feel the fallout from its own weak

financial growth and

> that

> > of

> > > the whole pharmaceutical industry.

> > >

> > > Shares of the Indianapolis-based company have

fallen nearly 15 percent

> in

> > > the past two weeks, closing Monday at $50.44 a

share. The value has

> fallen

> > > by more than 28 percent since Jan. 1. Lilly

stock closed as high as

> $76.95

> > > in early June.

> > >

> > > The share price has hit a new 52-week low every

day since Oct. 19.

> Lilly,

> > > Central Indiana's largest private employer, last

week announced job

cuts

> > and

> > > reported sales that disappointed Wall Street

analysts.

> > >

> > > If the difficulties at Lilly are prolonged, they

could indirectly

affect

> > the

> > > Lilly Endowment, a massive Indianapolis

philanthropic foundation.

> > >

> > > While the $10.8 billion endowment is independent

of the drug maker,

> Lilly

> > > stock is the endowment's most significant asset.

> > >

> > > For now, however, the company's performance

should not change the

> > > endowment's level of giving, said an official

with the Indiana

> Grantmakers

> > > Alliance.

> > >

> > > " Private foundations are obligated to pay out at

least 5 percent of

> their

> > > assets. However, the 5 percent is based on a

three-year rolling

> average, "

> > > said Audette, vice president of the

alliance, in a written

> > > statement. " Therefore a spike one way or the

other in the market or in

a

> > > particular stock, even if a foundation is heavy

in that stock, has

> little

> > > effect on the long-term giving. "

> > > Other drug companies also aren't faring well on

Wall Street.

> > >

> > > Last week was the fifth straight that the

American Stock Exchange

> > > Pharmaceutical Index fell. The slide started

just before Merck & Co

Inc.

> > > announced that it would yank Vioxx, a popular

arthritis drug, from the

> > > market. Hazlett, a pharmaceuticals

analyst at SunTrust

> > > Humphrey, described that development as a

" disaster " for Merck that

has

> > > affected the entire industry.

> > >

> > > Pfizer, the world's largest drug maker,

disappointed investors last

week

> > > with revenues that missed analysts' estimates.

Its profits beat

> estimates

> > by

> > > a penny per share, but it also warned that next

year's results could

be

> > hurt

> > > by the arrival of generic competitors against

four of its drugs.

> > > GlaxoKline, which reports earnings

Thursday, faces several

cheaper

> > > copycat medications that will compete with its

compounds.

> > >

> > > In addition, Hazlett said, pharmaceutical

companies also fear that a

> > victory

> > > by presidential candidate Kerry would lead

to lower drug prices

and

> > > imported drugs from Canada. Kerry has said he

wants government health

> care

> > > programs to negotiate lower prices with drug

companies.

> > >

> > > " The specter of a Democratic administration has

had some effect on the

> > > stocks, " Hazlett said.

> > > Politics aside, Lilly has struggled to keep

sales up and costs down.

> > >

> > > In the past two weeks, Lilly has announced it

would cut 1,000 jobs

from

> > its

> > > work force, which numbers 46,000 worldwide.

Lilly's operations in

> > > Indianapolis will absorb 225. Lilly also

instituted a hiring freeze in

> > > August.

> > >

> > > Those cost-cutting moves helped Lilly post a 6

percent increase in

> profits

> > > in its fiscal third quarter; revenue grew a

modest 4 percent, leaving

> Wall

> > > Street nonplussed.

> > >

> > > " The good news is management had the 'wiggle

room' -- the bad news is

> they

> > > needed it (and likely will continue to), " wrote

Carl Seiden, an

analyst

> > > covering Lilly for the brokerage firm UBS.

> > >

> > > Many analysts are worried by declining sales of

Lilly's blockbuster

> drug,

> > > Zyprexa. It generates more than $4 billion a

year for Lilly, and, by

> some

> > > analysts' estimates, accounts for 60 percent of

the company's profits.

> > >

> > > Sales of the antipsychotic drug fell 9 percent

in Lilly's third

quarter,

> > > including a 22 percent drop in the United

States. And the patent

> challenge

> > > brought against Zyprexa by a generic drug maker,

which is now in the

> hands

> > > of an Indianapolis judge, still hangs like a

cloud over Lilly.

> > >

> > > " We believe investors are better off on the

sidelines until the

> visibility

> > > on the Zyprexa controversies improve, " Seiden

wrote.

> > >

> > > Other analysts have been disappointed in early

sales of Lilly's newest

> > > drugs, such as Strattera, which is used in

treating attention-deficit

> > > hyperactivity disorder.

> > >

> > > But Hazlett takes a rosier view on Lilly. He

points to Cymbalta, an

> > > antidepressant Lilly rolled out this summer, as

evidence for his

> > prediction

> > > of strong profit growth the next two years.

> > >

> > > Hazlett wrote that he " would recommend that

investors use the recent

> > > weakness to establish or add to a position. "

> > >

> > > Star reporter O'Neal contributed to this

story.

> > > Call Star reporter J.K. Wall at (317) 444-6287.

> > >

October 27, 2004

No worries

Re: Lilly Stock Spirals

> > Down (Time for a little

> > > celebration!)

> > >

> > > >

> > > > I hate for people to lose jobs but I love this

> > news. goes to show

> > > > what unethical and harmful products will get a

> > business everytime.

> > > > Couldn't happen to a better bunch. Makes me think

> > carefully about

> > > > where I will work.

> > > >

> > > > >

> > http://www.indystar.com/articles/3/189440-8983-223.html

> > > > >

> > > > > Lilly stock spirals down

> > > > > The Indianapolis company's share price has hit a

> > 52-week low every day

> > > > since

> > > > > Oct. 19.

> > > > >

> > > > > By J.K. Wall

> > > > > jk.wall@...

> > > > > October 26, 2004

> > > > >

> > > > > Eli Lilly and Co. shares hit another 52-week low

> > Monday as the company

> > > > > continued to feel the fallout from its own weak

> > financial growth and

> > > that

> > > > of

> > > > > the whole pharmaceutical industry.

> > > > >

> > > > > Shares of the Indianapolis-based company have

> > fallen nearly 15 percent

> > > in

> > > > > the past two weeks, closing Monday at $50.44 a

> > share. The value has

> > > fallen

> > > > > by more than 28 percent since Jan. 1. Lilly

> > stock closed as high as

> > > $76.95

> > > > > in early June.

> > > > >

> > > > > The share price has hit a new 52-week low every

> > day since Oct. 19.

> > > Lilly,

> > > > > Central Indiana's largest private employer, last

> > week announced job

> > cuts

> > > > and

> > > > > reported sales that disappointed Wall Street

> > analysts.

> > > > >

> > > > > If the difficulties at Lilly are prolonged, they

> > could indirectly

> > affect

> > > > the

> > > > > Lilly Endowment, a massive Indianapolis

> > philanthropic foundation.

> > > > >

> > > > > While the $10.8 billion endowment is independent

> > of the drug maker,

> > > Lilly

> > > > > stock is the endowment's most significant asset.

> > > > >

> > > > > For now, however, the company's performance

> > should not change the

> > > > > endowment's level of giving, said an official

> > with the Indiana

> > > Grantmakers

> > > > > Alliance.

> > > > >

> > > > > " Private foundations are obligated to pay out at

> > least 5 percent of

> > > their

> > > > > assets. However, the 5 percent is based on a

> > three-year rolling

> > > average, "

> > > > > said Audette, vice president of the

> > alliance, in a written

> > > > > statement. " Therefore a spike one way or the

> > other in the market or in

> > a

> > > > > particular stock, even if a foundation is heavy

> > in that stock, has

> > > little

> > > > > effect on the long-term giving. "

> > > > > Other drug companies also aren't faring well on

> > Wall Street.

> > > > >

> > > > > Last week was the fifth straight that the

> > American Stock Exchange

> > > > > Pharmaceutical Index fell. The slide started

> > just before Merck & Co

> > Inc.

> > > > > announced that it would yank Vioxx, a popular

> > arthritis drug, from the

> > > > > market. Hazlett, a pharmaceuticals

> > analyst at SunTrust

> > > > > Humphrey, described that development as a

> > " disaster " for Merck that

> > has

> > > > > affected the entire industry.

> > > > >

> > > > > Pfizer, the world's largest drug maker,

> > disappointed investors last

> > week

> > > > > with revenues that missed analysts' estimates.

> > Its profits beat

> > > estimates

> > > > by

> > > > > a penny per share, but it also warned that next

> > year's results could

> > be

> > > > hurt

> > > > > by the arrival of generic competitors against

> > four of its drugs.

> > > > > GlaxoKline, which reports earnings

> > Thursday, faces several

> > cheaper

> > > > > copycat medications that will compete with its

> > compounds.

> > > > >

> > > > > In addition, Hazlett said, pharmaceutical

> > companies also fear that a

> > > > victory

> > > > > by presidential candidate Kerry would lead

> > to lower drug prices

> > and

> > > > > imported drugs from Canada. Kerry has said he

> > wants government health

> > > care

> > > > > programs to negotiate lower prices with drug

> > companies.

> > > > >

> > > > > " The specter of a Democratic administration has

> > had some effect on the

> > > > > stocks, " Hazlett said.

> > > > > Politics aside, Lilly has struggled to keep

> > sales up and costs down.

> > > > >

> > > > > In the past two weeks, Lilly has announced it

> > would cut 1,000 jobs

> > from

> > > > its

> > > > > work force, which numbers 46,000 worldwide.

> > Lilly's operations in

> > > > > Indianapolis will absorb 225. Lilly also

> > instituted a hiring freeze in

> > > > > August.

> > > > >

> > > > > Those cost-cutting moves helped Lilly post a 6

> > percent increase in

> > > profits

> > > > > in its fiscal third quarter; revenue grew a

> > modest 4 percent, leaving

> > > Wall

> > > > > Street nonplussed.

> > > > >

> > > > > " The good news is management had the 'wiggle

> > room' -- the bad news is

> > > they

> > > > > needed it (and likely will continue to), " wrote

> > Carl Seiden, an

> > analyst

> > > > > covering Lilly for the brokerage firm UBS.

> > > > >

> > > > > Many analysts are worried by declining sales of

> > Lilly's blockbuster

> > > drug,

> > > > > Zyprexa. It generates more than $4 billion a

> > year for Lilly, and, by

> > > some

> > > > > analysts' estimates, accounts for 60 percent of

> > the company's profits.

> > > > >

> > > > > Sales of the antipsychotic drug fell 9 percent

> > in Lilly's third

> > quarter,

> > > > > including a 22 percent drop in the United

> > States. And the patent

> > > challenge

> > > > > brought against Zyprexa by a generic drug maker,

> > which is now in the

> > > hands

> > > > > of an Indianapolis judge, still hangs like a

> > cloud over Lilly.

> > > > >

> > > > > " We believe investors are better off on the

> > sidelines until the

> > > visibility

> > > > > on the Zyprexa controversies improve, " Seiden

> > wrote.

> > > > >

> > > > > Other analysts have been disappointed in early

> > sales of Lilly's newest

> > > > > drugs, such as Strattera, which is used in

> > treating attention-deficit

> > > > > hyperactivity disorder.

> > > > >

> > > > > But Hazlett takes a rosier view on Lilly. He

> > points to Cymbalta, an

> > > > > antidepressant Lilly rolled out this summer, as

> > evidence for his

> > > > prediction

> > > > > of strong profit growth the next two years.

> > > > >

> > > > > Hazlett wrote that he " would recommend that

> > investors use the recent

> > > > > weakness to establish or add to a position. "

> > > > >

> > > > > Star reporter O'Neal contributed to this

> > story.

> > > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > > >

October 27, 2004

No worries

Re: Lilly Stock Spirals

> > Down (Time for a little

> > > celebration!)

> > >

> > > >

> > > > I hate for people to lose jobs but I love this

> > news. goes to show

> > > > what unethical and harmful products will get a

> > business everytime.

> > > > Couldn't happen to a better bunch. Makes me think

> > carefully about

> > > > where I will work.

> > > >

> > > > >

> > http://www.indystar.com/articles/3/189440-8983-223.html

> > > > >

> > > > > Lilly stock spirals down

> > > > > The Indianapolis company's share price has hit a

> > 52-week low every day

> > > > since

> > > > > Oct. 19.

> > > > >

> > > > > By J.K. Wall

> > > > > jk.wall@...

> > > > > October 26, 2004

> > > > >

> > > > > Eli Lilly and Co. shares hit another 52-week low

> > Monday as the company

> > > > > continued to feel the fallout from its own weak

> > financial growth and

> > > that

> > > > of

> > > > > the whole pharmaceutical industry.

> > > > >

> > > > > Shares of the Indianapolis-based company have

> > fallen nearly 15 percent

> > > in

> > > > > the past two weeks, closing Monday at $50.44 a

> > share. The value has

> > > fallen

> > > > > by more than 28 percent since Jan. 1. Lilly

> > stock closed as high as

> > > $76.95

> > > > > in early June.

> > > > >

> > > > > The share price has hit a new 52-week low every

> > day since Oct. 19.

> > > Lilly,

> > > > > Central Indiana's largest private employer, last

> > week announced job

> > cuts

> > > > and

> > > > > reported sales that disappointed Wall Street

> > analysts.

> > > > >

> > > > > If the difficulties at Lilly are prolonged, they

> > could indirectly

> > affect

> > > > the

> > > > > Lilly Endowment, a massive Indianapolis

> > philanthropic foundation.

> > > > >

> > > > > While the $10.8 billion endowment is independent

> > of the drug maker,

> > > Lilly

> > > > > stock is the endowment's most significant asset.

> > > > >

> > > > > For now, however, the company's performance

> > should not change the

> > > > > endowment's level of giving, said an official

> > with the Indiana

> > > Grantmakers

> > > > > Alliance.

> > > > >

> > > > > " Private foundations are obligated to pay out at

> > least 5 percent of

> > > their

> > > > > assets. However, the 5 percent is based on a

> > three-year rolling

> > > average, "

> > > > > said Audette, vice president of the

> > alliance, in a written

> > > > > statement. " Therefore a spike one way or the

> > other in the market or in

> > a

> > > > > particular stock, even if a foundation is heavy

> > in that stock, has

> > > little

> > > > > effect on the long-term giving. "

> > > > > Other drug companies also aren't faring well on

> > Wall Street.

> > > > >

> > > > > Last week was the fifth straight that the

> > American Stock Exchange

> > > > > Pharmaceutical Index fell. The slide started

> > just before Merck & Co

> > Inc.

> > > > > announced that it would yank Vioxx, a popular

> > arthritis drug, from the

> > > > > market. Hazlett, a pharmaceuticals

> > analyst at SunTrust

> > > > > Humphrey, described that development as a

> > " disaster " for Merck that

> > has

> > > > > affected the entire industry.

> > > > >

> > > > > Pfizer, the world's largest drug maker,

> > disappointed investors last

> > week

> > > > > with revenues that missed analysts' estimates.

> > Its profits beat

> > > estimates

> > > > by

> > > > > a penny per share, but it also warned that next

> > year's results could

> > be

> > > > hurt

> > > > > by the arrival of generic competitors against

> > four of its drugs.

> > > > > GlaxoKline, which reports earnings

> > Thursday, faces several

> > cheaper

> > > > > copycat medications that will compete with its

> > compounds.

> > > > >

> > > > > In addition, Hazlett said, pharmaceutical

> > companies also fear that a

> > > > victory

> > > > > by presidential candidate Kerry would lead

> > to lower drug prices

> > and

> > > > > imported drugs from Canada. Kerry has said he

> > wants government health

> > > care

> > > > > programs to negotiate lower prices with drug

> > companies.

> > > > >

> > > > > " The specter of a Democratic administration has

> > had some effect on the

> > > > > stocks, " Hazlett said.

> > > > > Politics aside, Lilly has struggled to keep

> > sales up and costs down.

> > > > >

> > > > > In the past two weeks, Lilly has announced it

> > would cut 1,000 jobs

> > from

> > > > its

> > > > > work force, which numbers 46,000 worldwide.

> > Lilly's operations in

> > > > > Indianapolis will absorb 225. Lilly also

> > instituted a hiring freeze in

> > > > > August.

> > > > >

> > > > > Those cost-cutting moves helped Lilly post a 6

> > percent increase in

> > > profits

> > > > > in its fiscal third quarter; revenue grew a

> > modest 4 percent, leaving

> > > Wall

> > > > > Street nonplussed.

> > > > >

> > > > > " The good news is management had the 'wiggle

> > room' -- the bad news is

> > > they

> > > > > needed it (and likely will continue to), " wrote

> > Carl Seiden, an

> > analyst

> > > > > covering Lilly for the brokerage firm UBS.

> > > > >

> > > > > Many analysts are worried by declining sales of

> > Lilly's blockbuster

> > > drug,

> > > > > Zyprexa. It generates more than $4 billion a

> > year for Lilly, and, by

> > > some

> > > > > analysts' estimates, accounts for 60 percent of

> > the company's profits.

> > > > >

> > > > > Sales of the antipsychotic drug fell 9 percent

> > in Lilly's third

> > quarter,

> > > > > including a 22 percent drop in the United

> > States. And the patent

> > > challenge

> > > > > brought against Zyprexa by a generic drug maker,

> > which is now in the

> > > hands

> > > > > of an Indianapolis judge, still hangs like a

> > cloud over Lilly.

> > > > >

> > > > > " We believe investors are better off on the

> > sidelines until the

> > > visibility

> > > > > on the Zyprexa controversies improve, " Seiden

> > wrote.

> > > > >

> > > > > Other analysts have been disappointed in early

> > sales of Lilly's newest

> > > > > drugs, such as Strattera, which is used in

> > treating attention-deficit

> > > > > hyperactivity disorder.

> > > > >

> > > > > But Hazlett takes a rosier view on Lilly. He

> > points to Cymbalta, an

> > > > > antidepressant Lilly rolled out this summer, as

> > evidence for his

> > > > prediction

> > > > > of strong profit growth the next two years.

> > > > >

> > > > > Hazlett wrote that he " would recommend that

> > investors use the recent

> > > > > weakness to establish or add to a position. "

> > > > >

> > > > > Star reporter O'Neal contributed to this

> > story.

> > > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > > >

October 27, 2004

Hey Connie and Dr. Lance,

Heeehehee yeah I feel dumb about it now, at the time it looked like

a pretty silly request considering Cassandra's first post is the one

I was responding to and was twenty emails up.

Also the link is right there, all you need to do is click on it.

Yes even I can get cranky on occasion. It just seemed like a ridiculous

request at the time.

Of course now I feel pretty silly about it myself.

I always try to treat people with the deepest respect and

there I go acting like a complete ass.

Apologies all around and especially to Dr. Lance.

Jim

Re: Lilly Stock Spirals

> Down (Time for a little

> > celebration!)

> >

> > >

> > > I hate for people to lose jobs but I love this

> news. goes to show

> > > what unethical and harmful products will get a

> business everytime.

> > > Couldn't happen to a better bunch. Makes me think

> carefully about

> > > where I will work.

> > >

> > > >

> http://www.indystar.com/articles/3/189440-8983-223.html

> > > >

> > > > Lilly stock spirals down

> > > > The Indianapolis company's share price has hit a

> 52-week low every day

> > > since

> > > > Oct. 19.

> > > >

> > > > By J.K. Wall

> > > > jk.wall@...

> > > > October 26, 2004

> > > >

> > > > Eli Lilly and Co. shares hit another 52-week low

> Monday as the company

> > > > continued to feel the fallout from its own weak

> financial growth and

> > that

> > > of

> > > > the whole pharmaceutical industry.

> > > >

> > > > Shares of the Indianapolis-based company have

> fallen nearly 15 percent

> > in

> > > > the past two weeks, closing Monday at $50.44 a

> share. The value has

> > fallen

> > > > by more than 28 percent since Jan. 1. Lilly

> stock closed as high as

> > $76.95

> > > > in early June.

> > > >

> > > > The share price has hit a new 52-week low every

> day since Oct. 19.

> > Lilly,

> > > > Central Indiana's largest private employer, last

> week announced job

> cuts

> > > and

> > > > reported sales that disappointed Wall Street

> analysts.

> > > >

> > > > If the difficulties at Lilly are prolonged, they

> could indirectly

> affect

> > > the

> > > > Lilly Endowment, a massive Indianapolis

> philanthropic foundation.

> > > >

> > > > While the $10.8 billion endowment is independent

> of the drug maker,

> > Lilly

> > > > stock is the endowment's most significant asset.

> > > >

> > > > For now, however, the company's performance

> should not change the

> > > > endowment's level of giving, said an official

> with the Indiana

> > Grantmakers

> > > > Alliance.

> > > >

> > > > " Private foundations are obligated to pay out at

> least 5 percent of

> > their

> > > > assets. However, the 5 percent is based on a

> three-year rolling

> > average, "

> > > > said Audette, vice president of the

> alliance, in a written

> > > > statement. " Therefore a spike one way or the

> other in the market or in

> a

> > > > particular stock, even if a foundation is heavy

> in that stock, has

> > little

> > > > effect on the long-term giving. "

> > > > Other drug companies also aren't faring well on

> Wall Street.

> > > >

> > > > Last week was the fifth straight that the

> American Stock Exchange

> > > > Pharmaceutical Index fell. The slide started

> just before Merck & Co

> Inc.

> > > > announced that it would yank Vioxx, a popular

> arthritis drug, from the

> > > > market. Hazlett, a pharmaceuticals

> analyst at SunTrust

> > > > Humphrey, described that development as a

> " disaster " for Merck that

> has

> > > > affected the entire industry.

> > > >

> > > > Pfizer, the world's largest drug maker,

> disappointed investors last

> week

> > > > with revenues that missed analysts' estimates.

> Its profits beat

> > estimates

> > > by

> > > > a penny per share, but it also warned that next

> year's results could

> be

> > > hurt

> > > > by the arrival of generic competitors against

> four of its drugs.

> > > > GlaxoKline, which reports earnings

> Thursday, faces several

> cheaper

> > > > copycat medications that will compete with its

> compounds.

> > > >

> > > > In addition, Hazlett said, pharmaceutical

> companies also fear that a

> > > victory

> > > > by presidential candidate Kerry would lead

> to lower drug prices

> and

> > > > imported drugs from Canada. Kerry has said he

> wants government health

> > care

> > > > programs to negotiate lower prices with drug

> companies.

> > > >

> > > > " The specter of a Democratic administration has

> had some effect on the

> > > > stocks, " Hazlett said.

> > > > Politics aside, Lilly has struggled to keep

> sales up and costs down.

> > > >

> > > > In the past two weeks, Lilly has announced it

> would cut 1,000 jobs

> from

> > > its

> > > > work force, which numbers 46,000 worldwide.

> Lilly's operations in

> > > > Indianapolis will absorb 225. Lilly also

> instituted a hiring freeze in

> > > > August.

> > > >

> > > > Those cost-cutting moves helped Lilly post a 6

> percent increase in

> > profits

> > > > in its fiscal third quarter; revenue grew a

> modest 4 percent, leaving

> > Wall

> > > > Street nonplussed.

> > > >

> > > > " The good news is management had the 'wiggle

> room' -- the bad news is

> > they

> > > > needed it (and likely will continue to), " wrote

> Carl Seiden, an

> analyst

> > > > covering Lilly for the brokerage firm UBS.

> > > >

> > > > Many analysts are worried by declining sales of

> Lilly's blockbuster

> > drug,

> > > > Zyprexa. It generates more than $4 billion a

> year for Lilly, and, by

> > some

> > > > analysts' estimates, accounts for 60 percent of

> the company's profits.

> > > >

> > > > Sales of the antipsychotic drug fell 9 percent

> in Lilly's third

> quarter,

> > > > including a 22 percent drop in the United

> States. And the patent

> > challenge

> > > > brought against Zyprexa by a generic drug maker,

> which is now in the

> > hands

> > > > of an Indianapolis judge, still hangs like a

> cloud over Lilly.

> > > >

> > > > " We believe investors are better off on the

> sidelines until the

> > visibility

> > > > on the Zyprexa controversies improve, " Seiden

> wrote.

> > > >

> > > > Other analysts have been disappointed in early

> sales of Lilly's newest

> > > > drugs, such as Strattera, which is used in

> treating attention-deficit

> > > > hyperactivity disorder.

> > > >

> > > > But Hazlett takes a rosier view on Lilly. He

> points to Cymbalta, an

> > > > antidepressant Lilly rolled out this summer, as

> evidence for his

> > > prediction

> > > > of strong profit growth the next two years.

> > > >

> > > > Hazlett wrote that he " would recommend that

> investors use the recent

> > > > weakness to establish or add to a position. "

> > > >

> > > > Star reporter O'Neal contributed to this

> story.

> > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > >

October 27, 2004

Hey Connie and Dr. Lance,

Heeehehee yeah I feel dumb about it now, at the time it looked like

a pretty silly request considering Cassandra's first post is the one

I was responding to and was twenty emails up.

Also the link is right there, all you need to do is click on it.

Yes even I can get cranky on occasion. It just seemed like a ridiculous

request at the time.

Of course now I feel pretty silly about it myself.

I always try to treat people with the deepest respect and

there I go acting like a complete ass.

Apologies all around and especially to Dr. Lance.

Jim

Re: Lilly Stock Spirals

> Down (Time for a little

> > celebration!)

> >

> > >

> > > I hate for people to lose jobs but I love this

> news. goes to show

> > > what unethical and harmful products will get a

> business everytime.

> > > Couldn't happen to a better bunch. Makes me think

> carefully about

> > > where I will work.

> > >

> > > >

> http://www.indystar.com/articles/3/189440-8983-223.html

> > > >

> > > > Lilly stock spirals down

> > > > The Indianapolis company's share price has hit a

> 52-week low every day

> > > since

> > > > Oct. 19.

> > > >

> > > > By J.K. Wall

> > > > jk.wall@...

> > > > October 26, 2004

> > > >

> > > > Eli Lilly and Co. shares hit another 52-week low

> Monday as the company

> > > > continued to feel the fallout from its own weak

> financial growth and

> > that

> > > of

> > > > the whole pharmaceutical industry.

> > > >

> > > > Shares of the Indianapolis-based company have

> fallen nearly 15 percent

> > in

> > > > the past two weeks, closing Monday at $50.44 a

> share. The value has

> > fallen

> > > > by more than 28 percent since Jan. 1. Lilly

> stock closed as high as

> > $76.95

> > > > in early June.

> > > >

> > > > The share price has hit a new 52-week low every

> day since Oct. 19.

> > Lilly,

> > > > Central Indiana's largest private employer, last

> week announced job

> cuts

> > > and

> > > > reported sales that disappointed Wall Street

> analysts.

> > > >

> > > > If the difficulties at Lilly are prolonged, they

> could indirectly

> affect

> > > the

> > > > Lilly Endowment, a massive Indianapolis

> philanthropic foundation.

> > > >

> > > > While the $10.8 billion endowment is independent

> of the drug maker,

> > Lilly

> > > > stock is the endowment's most significant asset.

> > > >

> > > > For now, however, the company's performance

> should not change the

> > > > endowment's level of giving, said an official

> with the Indiana

> > Grantmakers

> > > > Alliance.

> > > >

> > > > " Private foundations are obligated to pay out at

> least 5 percent of

> > their

> > > > assets. However, the 5 percent is based on a

> three-year rolling

> > average, "

> > > > said Audette, vice president of the

> alliance, in a written

> > > > statement. " Therefore a spike one way or the

> other in the market or in

> a

> > > > particular stock, even if a foundation is heavy

> in that stock, has

> > little

> > > > effect on the long-term giving. "

> > > > Other drug companies also aren't faring well on

> Wall Street.

> > > >

> > > > Last week was the fifth straight that the

> American Stock Exchange

> > > > Pharmaceutical Index fell. The slide started

> just before Merck & Co

> Inc.

> > > > announced that it would yank Vioxx, a popular

> arthritis drug, from the

> > > > market. Hazlett, a pharmaceuticals

> analyst at SunTrust

> > > > Humphrey, described that development as a

> " disaster " for Merck that

> has

> > > > affected the entire industry.

> > > >

> > > > Pfizer, the world's largest drug maker,

> disappointed investors last

> week

> > > > with revenues that missed analysts' estimates.

> Its profits beat

> > estimates

> > > by

> > > > a penny per share, but it also warned that next

> year's results could

> be

> > > hurt

> > > > by the arrival of generic competitors against

> four of its drugs.

> > > > GlaxoKline, which reports earnings

> Thursday, faces several

> cheaper

> > > > copycat medications that will compete with its

> compounds.

> > > >

> > > > In addition, Hazlett said, pharmaceutical

> companies also fear that a

> > > victory

> > > > by presidential candidate Kerry would lead

> to lower drug prices

> and

> > > > imported drugs from Canada. Kerry has said he

> wants government health

> > care

> > > > programs to negotiate lower prices with drug

> companies.

> > > >

> > > > " The specter of a Democratic administration has

> had some effect on the

> > > > stocks, " Hazlett said.

> > > > Politics aside, Lilly has struggled to keep

> sales up and costs down.

> > > >

> > > > In the past two weeks, Lilly has announced it

> would cut 1,000 jobs

> from

> > > its

> > > > work force, which numbers 46,000 worldwide.

> Lilly's operations in

> > > > Indianapolis will absorb 225. Lilly also

> instituted a hiring freeze in

> > > > August.

> > > >

> > > > Those cost-cutting moves helped Lilly post a 6

> percent increase in

> > profits

> > > > in its fiscal third quarter; revenue grew a

> modest 4 percent, leaving

> > Wall

> > > > Street nonplussed.

> > > >

> > > > " The good news is management had the 'wiggle

> room' -- the bad news is

> > they

> > > > needed it (and likely will continue to), " wrote

> Carl Seiden, an

> analyst

> > > > covering Lilly for the brokerage firm UBS.

> > > >

> > > > Many analysts are worried by declining sales of

> Lilly's blockbuster

> > drug,

> > > > Zyprexa. It generates more than $4 billion a

> year for Lilly, and, by

> > some

> > > > analysts' estimates, accounts for 60 percent of

> the company's profits.

> > > >

> > > > Sales of the antipsychotic drug fell 9 percent

> in Lilly's third

> quarter,

> > > > including a 22 percent drop in the United

> States. And the patent

> > challenge

> > > > brought against Zyprexa by a generic drug maker,

> which is now in the

> > hands

> > > > of an Indianapolis judge, still hangs like a

> cloud over Lilly.

> > > >

> > > > " We believe investors are better off on the

> sidelines until the

> > visibility

> > > > on the Zyprexa controversies improve, " Seiden

> wrote.

> > > >

> > > > Other analysts have been disappointed in early

> sales of Lilly's newest

> > > > drugs, such as Strattera, which is used in

> treating attention-deficit

> > > > hyperactivity disorder.

> > > >

> > > > But Hazlett takes a rosier view on Lilly. He

> points to Cymbalta, an

> > > > antidepressant Lilly rolled out this summer, as

> evidence for his

> > > prediction

> > > > of strong profit growth the next two years.

> > > >

> > > > Hazlett wrote that he " would recommend that

> investors use the recent

> > > > weakness to establish or add to a position. "

> > > >

> > > > Star reporter O'Neal contributed to this

> story.

> > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > >

October 27, 2004

Hey Connie and Dr. Lance,

Heeehehee yeah I feel dumb about it now, at the time it looked like

a pretty silly request considering Cassandra's first post is the one

I was responding to and was twenty emails up.

Also the link is right there, all you need to do is click on it.

Yes even I can get cranky on occasion. It just seemed like a ridiculous

request at the time.

Of course now I feel pretty silly about it myself.

I always try to treat people with the deepest respect and

there I go acting like a complete ass.

Apologies all around and especially to Dr. Lance.

Jim

Re: Lilly Stock Spirals

> Down (Time for a little

> > celebration!)

> >

> > >

> > > I hate for people to lose jobs but I love this

> news. goes to show

> > > what unethical and harmful products will get a

> business everytime.

> > > Couldn't happen to a better bunch. Makes me think

> carefully about

> > > where I will work.

> > >

> > > >

> http://www.indystar.com/articles/3/189440-8983-223.html

> > > >

> > > > Lilly stock spirals down

> > > > The Indianapolis company's share price has hit a

> 52-week low every day

> > > since

> > > > Oct. 19.

> > > >

> > > > By J.K. Wall

> > > > jk.wall@...

> > > > October 26, 2004

> > > >

> > > > Eli Lilly and Co. shares hit another 52-week low

> Monday as the company

> > > > continued to feel the fallout from its own weak

> financial growth and

> > that

> > > of

> > > > the whole pharmaceutical industry.

> > > >

> > > > Shares of the Indianapolis-based company have

> fallen nearly 15 percent

> > in

> > > > the past two weeks, closing Monday at $50.44 a

> share. The value has

> > fallen

> > > > by more than 28 percent since Jan. 1. Lilly

> stock closed as high as

> > $76.95

> > > > in early June.

> > > >

> > > > The share price has hit a new 52-week low every

> day since Oct. 19.

> > Lilly,

> > > > Central Indiana's largest private employer, last

> week announced job

> cuts

> > > and

> > > > reported sales that disappointed Wall Street

> analysts.

> > > >

> > > > If the difficulties at Lilly are prolonged, they

> could indirectly

> affect

> > > the

> > > > Lilly Endowment, a massive Indianapolis

> philanthropic foundation.

> > > >

> > > > While the $10.8 billion endowment is independent

> of the drug maker,

> > Lilly

> > > > stock is the endowment's most significant asset.

> > > >

> > > > For now, however, the company's performance

> should not change the

> > > > endowment's level of giving, said an official

> with the Indiana

> > Grantmakers

> > > > Alliance.

> > > >

> > > > " Private foundations are obligated to pay out at

> least 5 percent of

> > their

> > > > assets. However, the 5 percent is based on a

> three-year rolling

> > average, "

> > > > said Audette, vice president of the

> alliance, in a written

> > > > statement. " Therefore a spike one way or the

> other in the market or in

> a

> > > > particular stock, even if a foundation is heavy

> in that stock, has

> > little

> > > > effect on the long-term giving. "

> > > > Other drug companies also aren't faring well on

> Wall Street.

> > > >

> > > > Last week was the fifth straight that the

> American Stock Exchange

> > > > Pharmaceutical Index fell. The slide started

> just before Merck & Co

> Inc.

> > > > announced that it would yank Vioxx, a popular

> arthritis drug, from the

> > > > market. Hazlett, a pharmaceuticals

> analyst at SunTrust

> > > > Humphrey, described that development as a

> " disaster " for Merck that

> has

> > > > affected the entire industry.

> > > >

> > > > Pfizer, the world's largest drug maker,

> disappointed investors last

> week

> > > > with revenues that missed analysts' estimates.

> Its profits beat

> > estimates

> > > by

> > > > a penny per share, but it also warned that next

> year's results could

> be

> > > hurt

> > > > by the arrival of generic competitors against

> four of its drugs.

> > > > GlaxoKline, which reports earnings

> Thursday, faces several

> cheaper

> > > > copycat medications that will compete with its

> compounds.

> > > >

> > > > In addition, Hazlett said, pharmaceutical

> companies also fear that a

> > > victory

> > > > by presidential candidate Kerry would lead

> to lower drug prices

> and

> > > > imported drugs from Canada. Kerry has said he

> wants government health

> > care

> > > > programs to negotiate lower prices with drug

> companies.

> > > >

> > > > " The specter of a Democratic administration has

> had some effect on the

> > > > stocks, " Hazlett said.

> > > > Politics aside, Lilly has struggled to keep

> sales up and costs down.

> > > >

> > > > In the past two weeks, Lilly has announced it

> would cut 1,000 jobs

> from

> > > its

> > > > work force, which numbers 46,000 worldwide.

> Lilly's operations in

> > > > Indianapolis will absorb 225. Lilly also

> instituted a hiring freeze in

> > > > August.

> > > >

> > > > Those cost-cutting moves helped Lilly post a 6

> percent increase in

> > profits

> > > > in its fiscal third quarter; revenue grew a

> modest 4 percent, leaving

> > Wall

> > > > Street nonplussed.

> > > >

> > > > " The good news is management had the 'wiggle

> room' -- the bad news is

> > they

> > > > needed it (and likely will continue to), " wrote

> Carl Seiden, an

> analyst

> > > > covering Lilly for the brokerage firm UBS.

> > > >

> > > > Many analysts are worried by declining sales of

> Lilly's blockbuster

> > drug,

> > > > Zyprexa. It generates more than $4 billion a

> year for Lilly, and, by

> > some

> > > > analysts' estimates, accounts for 60 percent of

> the company's profits.

> > > >

> > > > Sales of the antipsychotic drug fell 9 percent

> in Lilly's third

> quarter,

> > > > including a 22 percent drop in the United

> States. And the patent

> > challenge

> > > > brought against Zyprexa by a generic drug maker,

> which is now in the

> > hands

> > > > of an Indianapolis judge, still hangs like a

> cloud over Lilly.

> > > >

> > > > " We believe investors are better off on the

> sidelines until the

> > visibility

> > > > on the Zyprexa controversies improve, " Seiden

> wrote.

> > > >

> > > > Other analysts have been disappointed in early

> sales of Lilly's newest

> > > > drugs, such as Strattera, which is used in

> treating attention-deficit

> > > > hyperactivity disorder.

> > > >

> > > > But Hazlett takes a rosier view on Lilly. He

> points to Cymbalta, an

> > > > antidepressant Lilly rolled out this summer, as

> evidence for his

> > > prediction

> > > > of strong profit growth the next two years.

> > > >

> > > > Hazlett wrote that he " would recommend that

> investors use the recent

> > > > weakness to establish or add to a position. "

> > > >

> > > > Star reporter O'Neal contributed to this

> story.

> > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > >

October 27, 2004

Hey Connie and Dr. Lance,

Heeehehee yeah I feel dumb about it now, at the time it looked like

a pretty silly request considering Cassandra's first post is the one

I was responding to and was twenty emails up.

Also the link is right there, all you need to do is click on it.

Yes even I can get cranky on occasion. It just seemed like a ridiculous

request at the time.

Of course now I feel pretty silly about it myself.

I always try to treat people with the deepest respect and

there I go acting like a complete ass.

Apologies all around and especially to Dr. Lance.

Jim

Re: Lilly Stock Spirals

> Down (Time for a little

> > celebration!)

> >

> > >

> > > I hate for people to lose jobs but I love this

> news. goes to show

> > > what unethical and harmful products will get a

> business everytime.

> > > Couldn't happen to a better bunch. Makes me think

> carefully about

> > > where I will work.

> > >

> > > >

> http://www.indystar.com/articles/3/189440-8983-223.html

> > > >

> > > > Lilly stock spirals down

> > > > The Indianapolis company's share price has hit a

> 52-week low every day

> > > since

> > > > Oct. 19.

> > > >

> > > > By J.K. Wall

> > > > jk.wall@...

> > > > October 26, 2004

> > > >

> > > > Eli Lilly and Co. shares hit another 52-week low

> Monday as the company

> > > > continued to feel the fallout from its own weak

> financial growth and

> > that

> > > of

> > > > the whole pharmaceutical industry.

> > > >

> > > > Shares of the Indianapolis-based company have

> fallen nearly 15 percent

> > in

> > > > the past two weeks, closing Monday at $50.44 a

> share. The value has

> > fallen

> > > > by more than 28 percent since Jan. 1. Lilly

> stock closed as high as

> > $76.95

> > > > in early June.

> > > >

> > > > The share price has hit a new 52-week low every

> day since Oct. 19.

> > Lilly,

> > > > Central Indiana's largest private employer, last

> week announced job

> cuts

> > > and

> > > > reported sales that disappointed Wall Street

> analysts.

> > > >

> > > > If the difficulties at Lilly are prolonged, they

> could indirectly

> affect

> > > the

> > > > Lilly Endowment, a massive Indianapolis

> philanthropic foundation.

> > > >

> > > > While the $10.8 billion endowment is independent

> of the drug maker,

> > Lilly

> > > > stock is the endowment's most significant asset.

> > > >

> > > > For now, however, the company's performance

> should not change the

> > > > endowment's level of giving, said an official

> with the Indiana

> > Grantmakers

> > > > Alliance.

> > > >

> > > > " Private foundations are obligated to pay out at

> least 5 percent of

> > their

> > > > assets. However, the 5 percent is based on a

> three-year rolling

> > average, "

> > > > said Audette, vice president of the

> alliance, in a written

> > > > statement. " Therefore a spike one way or the

> other in the market or in

> a

> > > > particular stock, even if a foundation is heavy

> in that stock, has

> > little

> > > > effect on the long-term giving. "

> > > > Other drug companies also aren't faring well on

> Wall Street.

> > > >

> > > > Last week was the fifth straight that the

> American Stock Exchange

> > > > Pharmaceutical Index fell. The slide started

> just before Merck & Co

> Inc.

> > > > announced that it would yank Vioxx, a popular

> arthritis drug, from the

> > > > market. Hazlett, a pharmaceuticals

> analyst at SunTrust

> > > > Humphrey, described that development as a

> " disaster " for Merck that

> has

> > > > affected the entire industry.

> > > >

> > > > Pfizer, the world's largest drug maker,

> disappointed investors last

> week

> > > > with revenues that missed analysts' estimates.

> Its profits beat

> > estimates

> > > by

> > > > a penny per share, but it also warned that next

> year's results could

> be

> > > hurt

> > > > by the arrival of generic competitors against

> four of its drugs.

> > > > GlaxoKline, which reports earnings

> Thursday, faces several

> cheaper

> > > > copycat medications that will compete with its

> compounds.

> > > >

> > > > In addition, Hazlett said, pharmaceutical

> companies also fear that a

> > > victory

> > > > by presidential candidate Kerry would lead

> to lower drug prices

> and

> > > > imported drugs from Canada. Kerry has said he

> wants government health

> > care

> > > > programs to negotiate lower prices with drug

> companies.

> > > >

> > > > " The specter of a Democratic administration has

> had some effect on the

> > > > stocks, " Hazlett said.

> > > > Politics aside, Lilly has struggled to keep

> sales up and costs down.

> > > >

> > > > In the past two weeks, Lilly has announced it

> would cut 1,000 jobs

> from

> > > its

> > > > work force, which numbers 46,000 worldwide.

> Lilly's operations in

> > > > Indianapolis will absorb 225. Lilly also

> instituted a hiring freeze in

> > > > August.

> > > >

> > > > Those cost-cutting moves helped Lilly post a 6

> percent increase in

> > profits

> > > > in its fiscal third quarter; revenue grew a

> modest 4 percent, leaving

> > Wall

> > > > Street nonplussed.

> > > >

> > > > " The good news is management had the 'wiggle

> room' -- the bad news is

> > they

> > > > needed it (and likely will continue to), " wrote

> Carl Seiden, an

> analyst

> > > > covering Lilly for the brokerage firm UBS.

> > > >

> > > > Many analysts are worried by declining sales of

> Lilly's blockbuster

> > drug,

> > > > Zyprexa. It generates more than $4 billion a

> year for Lilly, and, by

> > some

> > > > analysts' estimates, accounts for 60 percent of

> the company's profits.

> > > >

> > > > Sales of the antipsychotic drug fell 9 percent

> in Lilly's third

> quarter,

> > > > including a 22 percent drop in the United

> States. And the patent

> > challenge

> > > > brought against Zyprexa by a generic drug maker,

> which is now in the

> > hands

> > > > of an Indianapolis judge, still hangs like a

> cloud over Lilly.

> > > >

> > > > " We believe investors are better off on the

> sidelines until the

> > visibility

> > > > on the Zyprexa controversies improve, " Seiden

> wrote.

> > > >

> > > > Other analysts have been disappointed in early

> sales of Lilly's newest

> > > > drugs, such as Strattera, which is used in

> treating attention-deficit

> > > > hyperactivity disorder.

> > > >

> > > > But Hazlett takes a rosier view on Lilly. He

> points to Cymbalta, an

> > > > antidepressant Lilly rolled out this summer, as

> evidence for his

> > > prediction

> > > > of strong profit growth the next two years.

> > > >

> > > > Hazlett wrote that he " would recommend that

> investors use the recent

> > > > weakness to establish or add to a position. "

> > > >

> > > > Star reporter O'Neal contributed to this

> story.

> > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > >

October 27, 2004

Jim,

You're a little edge/

Haev a little anxiety?

Don'tn get along well with others?

Do you have whatever that syndrome they've named up to call people who have

the normal feeling of feeling uncomfortable going into a room of people?

Perhaps you need to try a litttle

zoloft

or diospen

depakote

seroquel

paxil

lithium

effexor

let's see I'm sure there's a couple they experimended on with myh Mother

that i've forgotten

try a few of those if you're cranky

they'll fix you right up.

Re: Lilly Stock Spirals

> > Down (Time for a little

> > > celebration!)

> > >

> > > >

> > > > I hate for people to lose jobs but I love this

> > news. goes to show

> > > > what unethical and harmful products will get a

> > business everytime.

> > > > Couldn't happen to a better bunch. Makes me think

> > carefully about

> > > > where I will work.

> > > >

> > > > >

> > http://www.indystar.com/articles/3/189440-8983-223.html

> > > > >

> > > > > Lilly stock spirals down

> > > > > The Indianapolis company's share price has hit a

> > 52-week low every day

> > > > since

> > > > > Oct. 19.

> > > > >

> > > > > By J.K. Wall

> > > > > jk.wall@...

> > > > > October 26, 2004

> > > > >

> > > > > Eli Lilly and Co. shares hit another 52-week low

> > Monday as the company

> > > > > continued to feel the fallout from its own weak

> > financial growth and

> > > that

> > > > of

> > > > > the whole pharmaceutical industry.

> > > > >

> > > > > Shares of the Indianapolis-based company have

> > fallen nearly 15 percent

> > > in

> > > > > the past two weeks, closing Monday at $50.44 a

> > share. The value has

> > > fallen

> > > > > by more than 28 percent since Jan. 1. Lilly

> > stock closed as high as

> > > $76.95

> > > > > in early June.

> > > > >

> > > > > The share price has hit a new 52-week low every

> > day since Oct. 19.

> > > Lilly,

> > > > > Central Indiana's largest private employer, last

> > week announced job

> > cuts

> > > > and

> > > > > reported sales that disappointed Wall Street

> > analysts.

> > > > >

> > > > > If the difficulties at Lilly are prolonged, they

> > could indirectly

> > affect

> > > > the

> > > > > Lilly Endowment, a massive Indianapolis

> > philanthropic foundation.

> > > > >

> > > > > While the $10.8 billion endowment is independent

> > of the drug maker,

> > > Lilly

> > > > > stock is the endowment's most significant asset.

> > > > >

> > > > > For now, however, the company's performance

> > should not change the

> > > > > endowment's level of giving, said an official

> > with the Indiana

> > > Grantmakers

> > > > > Alliance.

> > > > >

> > > > > " Private foundations are obligated to pay out at

> > least 5 percent of

> > > their

> > > > > assets. However, the 5 percent is based on a

> > three-year rolling

> > > average, "

> > > > > said Audette, vice president of the

> > alliance, in a written

> > > > > statement. " Therefore a spike one way or the

> > other in the market or in

> > a

> > > > > particular stock, even if a foundation is heavy

> > in that stock, has

> > > little

> > > > > effect on the long-term giving. "

> > > > > Other drug companies also aren't faring well on

> > Wall Street.

> > > > >

> > > > > Last week was the fifth straight that the

> > American Stock Exchange

> > > > > Pharmaceutical Index fell. The slide started

> > just before Merck & Co

> > Inc.

> > > > > announced that it would yank Vioxx, a popular

> > arthritis drug, from the

> > > > > market. Hazlett, a pharmaceuticals

> > analyst at SunTrust

> > > > > Humphrey, described that development as a

> > " disaster " for Merck that

> > has

> > > > > affected the entire industry.

> > > > >

> > > > > Pfizer, the world's largest drug maker,

> > disappointed investors last

> > week

> > > > > with revenues that missed analysts' estimates.

> > Its profits beat

> > > estimates

> > > > by

> > > > > a penny per share, but it also warned that next

> > year's results could

> > be

> > > > hurt

> > > > > by the arrival of generic competitors against

> > four of its drugs.

> > > > > GlaxoKline, which reports earnings

> > Thursday, faces several

> > cheaper

> > > > > copycat medications that will compete with its

> > compounds.

> > > > >

> > > > > In addition, Hazlett said, pharmaceutical

> > companies also fear that a

> > > > victory

> > > > > by presidential candidate Kerry would lead

> > to lower drug prices

> > and

> > > > > imported drugs from Canada. Kerry has said he

> > wants government health

> > > care

> > > > > programs to negotiate lower prices with drug

> > companies.

> > > > >

> > > > > " The specter of a Democratic administration has

> > had some effect on the

> > > > > stocks, " Hazlett said.

> > > > > Politics aside, Lilly has struggled to keep

> > sales up and costs down.

> > > > >

> > > > > In the past two weeks, Lilly has announced it

> > would cut 1,000 jobs

> > from

> > > > its

> > > > > work force, which numbers 46,000 worldwide.

> > Lilly's operations in

> > > > > Indianapolis will absorb 225. Lilly also

> > instituted a hiring freeze in

> > > > > August.

> > > > >

> > > > > Those cost-cutting moves helped Lilly post a 6

> > percent increase in

> > > profits

> > > > > in its fiscal third quarter; revenue grew a

> > modest 4 percent, leaving

> > > Wall

> > > > > Street nonplussed.

> > > > >

> > > > > " The good news is management had the 'wiggle

> > room' -- the bad news is

> > > they

> > > > > needed it (and likely will continue to), " wrote

> > Carl Seiden, an

> > analyst

> > > > > covering Lilly for the brokerage firm UBS.

> > > > >

> > > > > Many analysts are worried by declining sales of

> > Lilly's blockbuster

> > > drug,

> > > > > Zyprexa. It generates more than $4 billion a

> > year for Lilly, and, by

> > > some

> > > > > analysts' estimates, accounts for 60 percent of

> > the company's profits.

> > > > >

> > > > > Sales of the antipsychotic drug fell 9 percent

> > in Lilly's third

> > quarter,

> > > > > including a 22 percent drop in the United

> > States. And the patent

> > > challenge

> > > > > brought against Zyprexa by a generic drug maker,

> > which is now in the

> > > hands

> > > > > of an Indianapolis judge, still hangs like a

> > cloud over Lilly.

> > > > >

> > > > > " We believe investors are better off on the

> > sidelines until the

> > > visibility

> > > > > on the Zyprexa controversies improve, " Seiden

> > wrote.

> > > > >

> > > > > Other analysts have been disappointed in early

> > sales of Lilly's newest

> > > > > drugs, such as Strattera, which is used in

> > treating attention-deficit

> > > > > hyperactivity disorder.

> > > > >

> > > > > But Hazlett takes a rosier view on Lilly. He

> > points to Cymbalta, an

> > > > > antidepressant Lilly rolled out this summer, as

> > evidence for his

> > > > prediction

> > > > > of strong profit growth the next two years.

> > > > >

> > > > > Hazlett wrote that he " would recommend that

> > investors use the recent

> > > > > weakness to establish or add to a position. "

> > > > >

> > > > > Star reporter O'Neal contributed to this

> > story.

> > > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > > >

October 27, 2004

Jim,

You're a little edge/

Haev a little anxiety?

Don'tn get along well with others?

Do you have whatever that syndrome they've named up to call people who have

the normal feeling of feeling uncomfortable going into a room of people?

Perhaps you need to try a litttle

zoloft

or diospen

depakote

seroquel

paxil

lithium

effexor

let's see I'm sure there's a couple they experimended on with myh Mother

that i've forgotten

try a few of those if you're cranky

they'll fix you right up.

Re: Lilly Stock Spirals

> > Down (Time for a little

> > > celebration!)

> > >

> > > >

> > > > I hate for people to lose jobs but I love this

> > news. goes to show

> > > > what unethical and harmful products will get a

> > business everytime.

> > > > Couldn't happen to a better bunch. Makes me think

> > carefully about

> > > > where I will work.

> > > >

> > > > >

> > http://www.indystar.com/articles/3/189440-8983-223.html

> > > > >

> > > > > Lilly stock spirals down

> > > > > The Indianapolis company's share price has hit a

> > 52-week low every day

> > > > since

> > > > > Oct. 19.

> > > > >

> > > > > By J.K. Wall

> > > > > jk.wall@...

> > > > > October 26, 2004

> > > > >

> > > > > Eli Lilly and Co. shares hit another 52-week low

> > Monday as the company

> > > > > continued to feel the fallout from its own weak

> > financial growth and

> > > that

> > > > of

> > > > > the whole pharmaceutical industry.

> > > > >

> > > > > Shares of the Indianapolis-based company have

> > fallen nearly 15 percent

> > > in

> > > > > the past two weeks, closing Monday at $50.44 a

> > share. The value has

> > > fallen

> > > > > by more than 28 percent since Jan. 1. Lilly

> > stock closed as high as

> > > $76.95

> > > > > in early June.

> > > > >

> > > > > The share price has hit a new 52-week low every

> > day since Oct. 19.

> > > Lilly,

> > > > > Central Indiana's largest private employer, last

> > week announced job

> > cuts

> > > > and

> > > > > reported sales that disappointed Wall Street

> > analysts.

> > > > >

> > > > > If the difficulties at Lilly are prolonged, they

> > could indirectly

> > affect

> > > > the

> > > > > Lilly Endowment, a massive Indianapolis

> > philanthropic foundation.

> > > > >

> > > > > While the $10.8 billion endowment is independent

> > of the drug maker,

> > > Lilly

> > > > > stock is the endowment's most significant asset.

> > > > >

> > > > > For now, however, the company's performance

> > should not change the

> > > > > endowment's level of giving, said an official

> > with the Indiana

> > > Grantmakers

> > > > > Alliance.

> > > > >

> > > > > " Private foundations are obligated to pay out at

> > least 5 percent of

> > > their

> > > > > assets. However, the 5 percent is based on a

> > three-year rolling

> > > average, "

> > > > > said Audette, vice president of the

> > alliance, in a written

> > > > > statement. " Therefore a spike one way or the

> > other in the market or in

> > a

> > > > > particular stock, even if a foundation is heavy

> > in that stock, has

> > > little

> > > > > effect on the long-term giving. "

> > > > > Other drug companies also aren't faring well on

> > Wall Street.

> > > > >

> > > > > Last week was the fifth straight that the

> > American Stock Exchange

> > > > > Pharmaceutical Index fell. The slide started

> > just before Merck & Co

> > Inc.

> > > > > announced that it would yank Vioxx, a popular

> > arthritis drug, from the

> > > > > market. Hazlett, a pharmaceuticals

> > analyst at SunTrust

> > > > > Humphrey, described that development as a

> > " disaster " for Merck that

> > has

> > > > > affected the entire industry.

> > > > >

> > > > > Pfizer, the world's largest drug maker,

> > disappointed investors last

> > week

> > > > > with revenues that missed analysts' estimates.

> > Its profits beat

> > > estimates

> > > > by

> > > > > a penny per share, but it also warned that next

> > year's results could

> > be

> > > > hurt

> > > > > by the arrival of generic competitors against

> > four of its drugs.

> > > > > GlaxoKline, which reports earnings

> > Thursday, faces several

> > cheaper

> > > > > copycat medications that will compete with its

> > compounds.

> > > > >

> > > > > In addition, Hazlett said, pharmaceutical

> > companies also fear that a

> > > > victory

> > > > > by presidential candidate Kerry would lead

> > to lower drug prices

> > and

> > > > > imported drugs from Canada. Kerry has said he

> > wants government health

> > > care

> > > > > programs to negotiate lower prices with drug

> > companies.

> > > > >

> > > > > " The specter of a Democratic administration has

> > had some effect on the

> > > > > stocks, " Hazlett said.

> > > > > Politics aside, Lilly has struggled to keep

> > sales up and costs down.

> > > > >

> > > > > In the past two weeks, Lilly has announced it

> > would cut 1,000 jobs

> > from

> > > > its

> > > > > work force, which numbers 46,000 worldwide.

> > Lilly's operations in

> > > > > Indianapolis will absorb 225. Lilly also

> > instituted a hiring freeze in

> > > > > August.

> > > > >

> > > > > Those cost-cutting moves helped Lilly post a 6

> > percent increase in

> > > profits

> > > > > in its fiscal third quarter; revenue grew a

> > modest 4 percent, leaving

> > > Wall

> > > > > Street nonplussed.

> > > > >

> > > > > " The good news is management had the 'wiggle

> > room' -- the bad news is

> > > they

> > > > > needed it (and likely will continue to), " wrote

> > Carl Seiden, an

> > analyst

> > > > > covering Lilly for the brokerage firm UBS.

> > > > >

> > > > > Many analysts are worried by declining sales of

> > Lilly's blockbuster

> > > drug,

> > > > > Zyprexa. It generates more than $4 billion a

> > year for Lilly, and, by

> > > some

> > > > > analysts' estimates, accounts for 60 percent of

> > the company's profits.

> > > > >

> > > > > Sales of the antipsychotic drug fell 9 percent

> > in Lilly's third

> > quarter,

> > > > > including a 22 percent drop in the United

> > States. And the patent

> > > challenge

> > > > > brought against Zyprexa by a generic drug maker,

> > which is now in the

> > > hands

> > > > > of an Indianapolis judge, still hangs like a

> > cloud over Lilly.

> > > > >

> > > > > " We believe investors are better off on the

> > sidelines until the

> > > visibility

> > > > > on the Zyprexa controversies improve, " Seiden

> > wrote.

> > > > >

> > > > > Other analysts have been disappointed in early

> > sales of Lilly's newest

> > > > > drugs, such as Strattera, which is used in

> > treating attention-deficit

> > > > > hyperactivity disorder.

> > > > >

> > > > > But Hazlett takes a rosier view on Lilly. He

> > points to Cymbalta, an

> > > > > antidepressant Lilly rolled out this summer, as

> > evidence for his

> > > > prediction

> > > > > of strong profit growth the next two years.

> > > > >

> > > > > Hazlett wrote that he " would recommend that

> > investors use the recent

> > > > > weakness to establish or add to a position. "

> > > > >

> > > > > Star reporter O'Neal contributed to this

> > story.

> > > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > > >

October 27, 2004

Jim,

You're a little edge/

Haev a little anxiety?

Don'tn get along well with others?

Do you have whatever that syndrome they've named up to call people who have

the normal feeling of feeling uncomfortable going into a room of people?

Perhaps you need to try a litttle

zoloft

or diospen

depakote

seroquel

paxil

lithium

effexor

let's see I'm sure there's a couple they experimended on with myh Mother

that i've forgotten

try a few of those if you're cranky

they'll fix you right up.

Re: Lilly Stock Spirals

> > Down (Time for a little

> > > celebration!)

> > >

> > > >

> > > > I hate for people to lose jobs but I love this

> > news. goes to show

> > > > what unethical and harmful products will get a

> > business everytime.

> > > > Couldn't happen to a better bunch. Makes me think

> > carefully about

> > > > where I will work.

> > > >

> > > > >

> > http://www.indystar.com/articles/3/189440-8983-223.html

> > > > >

> > > > > Lilly stock spirals down

> > > > > The Indianapolis company's share price has hit a

> > 52-week low every day

> > > > since

> > > > > Oct. 19.

> > > > >

> > > > > By J.K. Wall

> > > > > jk.wall@...

> > > > > October 26, 2004

> > > > >

> > > > > Eli Lilly and Co. shares hit another 52-week low

> > Monday as the company

> > > > > continued to feel the fallout from its own weak

> > financial growth and

> > > that

> > > > of

> > > > > the whole pharmaceutical industry.

> > > > >

> > > > > Shares of the Indianapolis-based company have

> > fallen nearly 15 percent

> > > in

> > > > > the past two weeks, closing Monday at $50.44 a

> > share. The value has

> > > fallen

> > > > > by more than 28 percent since Jan. 1. Lilly

> > stock closed as high as

> > > $76.95

> > > > > in early June.

> > > > >

> > > > > The share price has hit a new 52-week low every

> > day since Oct. 19.

> > > Lilly,

> > > > > Central Indiana's largest private employer, last

> > week announced job

> > cuts

> > > > and

> > > > > reported sales that disappointed Wall Street

> > analysts.

> > > > >

> > > > > If the difficulties at Lilly are prolonged, they

> > could indirectly

> > affect

> > > > the

> > > > > Lilly Endowment, a massive Indianapolis

> > philanthropic foundation.

> > > > >

> > > > > While the $10.8 billion endowment is independent

> > of the drug maker,

> > > Lilly

> > > > > stock is the endowment's most significant asset.

> > > > >

> > > > > For now, however, the company's performance

> > should not change the

> > > > > endowment's level of giving, said an official

> > with the Indiana

> > > Grantmakers

> > > > > Alliance.

> > > > >

> > > > > " Private foundations are obligated to pay out at

> > least 5 percent of

> > > their

> > > > > assets. However, the 5 percent is based on a

> > three-year rolling

> > > average, "

> > > > > said Audette, vice president of the

> > alliance, in a written

> > > > > statement. " Therefore a spike one way or the

> > other in the market or in

> > a

> > > > > particular stock, even if a foundation is heavy

> > in that stock, has

> > > little

> > > > > effect on the long-term giving. "

> > > > > Other drug companies also aren't faring well on

> > Wall Street.

> > > > >

> > > > > Last week was the fifth straight that the

> > American Stock Exchange

> > > > > Pharmaceutical Index fell. The slide started

> > just before Merck & Co

> > Inc.

> > > > > announced that it would yank Vioxx, a popular

> > arthritis drug, from the

> > > > > market. Hazlett, a pharmaceuticals

> > analyst at SunTrust

> > > > > Humphrey, described that development as a

> > " disaster " for Merck that

> > has

> > > > > affected the entire industry.

> > > > >

> > > > > Pfizer, the world's largest drug maker,

> > disappointed investors last

> > week

> > > > > with revenues that missed analysts' estimates.

> > Its profits beat

> > > estimates

> > > > by

> > > > > a penny per share, but it also warned that next

> > year's results could

> > be

> > > > hurt

> > > > > by the arrival of generic competitors against

> > four of its drugs.

> > > > > GlaxoKline, which reports earnings

> > Thursday, faces several

> > cheaper

> > > > > copycat medications that will compete with its

> > compounds.

> > > > >

> > > > > In addition, Hazlett said, pharmaceutical

> > companies also fear that a

> > > > victory

> > > > > by presidential candidate Kerry would lead

> > to lower drug prices

> > and

> > > > > imported drugs from Canada. Kerry has said he

> > wants government health

> > > care

> > > > > programs to negotiate lower prices with drug

> > companies.

> > > > >

> > > > > " The specter of a Democratic administration has

> > had some effect on the

> > > > > stocks, " Hazlett said.

> > > > > Politics aside, Lilly has struggled to keep

> > sales up and costs down.

> > > > >

> > > > > In the past two weeks, Lilly has announced it

> > would cut 1,000 jobs

> > from

> > > > its

> > > > > work force, which numbers 46,000 worldwide.

> > Lilly's operations in

> > > > > Indianapolis will absorb 225. Lilly also

> > instituted a hiring freeze in

> > > > > August.

> > > > >

> > > > > Those cost-cutting moves helped Lilly post a 6

> > percent increase in

> > > profits

> > > > > in its fiscal third quarter; revenue grew a

> > modest 4 percent, leaving

> > > Wall

> > > > > Street nonplussed.

> > > > >

> > > > > " The good news is management had the 'wiggle

> > room' -- the bad news is

> > > they

> > > > > needed it (and likely will continue to), " wrote

> > Carl Seiden, an

> > analyst

> > > > > covering Lilly for the brokerage firm UBS.

> > > > >

> > > > > Many analysts are worried by declining sales of

> > Lilly's blockbuster

> > > drug,

> > > > > Zyprexa. It generates more than $4 billion a

> > year for Lilly, and, by

> > > some

> > > > > analysts' estimates, accounts for 60 percent of

> > the company's profits.

> > > > >

> > > > > Sales of the antipsychotic drug fell 9 percent

> > in Lilly's third

> > quarter,

> > > > > including a 22 percent drop in the United

> > States. And the patent

> > > challenge

> > > > > brought against Zyprexa by a generic drug maker,

> > which is now in the

> > > hands

> > > > > of an Indianapolis judge, still hangs like a

> > cloud over Lilly.

> > > > >

> > > > > " We believe investors are better off on the

> > sidelines until the

> > > visibility

> > > > > on the Zyprexa controversies improve, " Seiden

> > wrote.

> > > > >

> > > > > Other analysts have been disappointed in early

> > sales of Lilly's newest

> > > > > drugs, such as Strattera, which is used in

> > treating attention-deficit

> > > > > hyperactivity disorder.

> > > > >

> > > > > But Hazlett takes a rosier view on Lilly. He

> > points to Cymbalta, an

> > > > > antidepressant Lilly rolled out this summer, as

> > evidence for his

> > > > prediction

> > > > > of strong profit growth the next two years.

> > > > >

> > > > > Hazlett wrote that he " would recommend that

> > investors use the recent

> > > > > weakness to establish or add to a position. "

> > > > >

> > > > > Star reporter O'Neal contributed to this

> > story.

> > > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > > >

October 27, 2004

Jim,

You're a little edge/

Haev a little anxiety?

Don'tn get along well with others?

Do you have whatever that syndrome they've named up to call people who have

the normal feeling of feeling uncomfortable going into a room of people?

Perhaps you need to try a litttle

zoloft

or diospen

depakote

seroquel

paxil

lithium

effexor

let's see I'm sure there's a couple they experimended on with myh Mother

that i've forgotten

try a few of those if you're cranky

they'll fix you right up.

Re: Lilly Stock Spirals

> > Down (Time for a little

> > > celebration!)

> > >

> > > >

> > > > I hate for people to lose jobs but I love this

> > news. goes to show

> > > > what unethical and harmful products will get a

> > business everytime.

> > > > Couldn't happen to a better bunch. Makes me think

> > carefully about

> > > > where I will work.

> > > >

> > > > >

> > http://www.indystar.com/articles/3/189440-8983-223.html

> > > > >

> > > > > Lilly stock spirals down

> > > > > The Indianapolis company's share price has hit a

> > 52-week low every day

> > > > since

> > > > > Oct. 19.

> > > > >

> > > > > By J.K. Wall

> > > > > jk.wall@...

> > > > > October 26, 2004

> > > > >

> > > > > Eli Lilly and Co. shares hit another 52-week low

> > Monday as the company

> > > > > continued to feel the fallout from its own weak

> > financial growth and

> > > that

> > > > of

> > > > > the whole pharmaceutical industry.

> > > > >

> > > > > Shares of the Indianapolis-based company have

> > fallen nearly 15 percent

> > > in

> > > > > the past two weeks, closing Monday at $50.44 a

> > share. The value has

> > > fallen

> > > > > by more than 28 percent since Jan. 1. Lilly

> > stock closed as high as

> > > $76.95

> > > > > in early June.

> > > > >

> > > > > The share price has hit a new 52-week low every

> > day since Oct. 19.

> > > Lilly,

> > > > > Central Indiana's largest private employer, last

> > week announced job

> > cuts

> > > > and

> > > > > reported sales that disappointed Wall Street

> > analysts.

> > > > >

> > > > > If the difficulties at Lilly are prolonged, they

> > could indirectly

> > affect

> > > > the

> > > > > Lilly Endowment, a massive Indianapolis

> > philanthropic foundation.

> > > > >

> > > > > While the $10.8 billion endowment is independent

> > of the drug maker,

> > > Lilly

> > > > > stock is the endowment's most significant asset.

> > > > >

> > > > > For now, however, the company's performance

> > should not change the

> > > > > endowment's level of giving, said an official

> > with the Indiana

> > > Grantmakers

> > > > > Alliance.

> > > > >

> > > > > " Private foundations are obligated to pay out at

> > least 5 percent of

> > > their

> > > > > assets. However, the 5 percent is based on a

> > three-year rolling

> > > average, "

> > > > > said Audette, vice president of the

> > alliance, in a written

> > > > > statement. " Therefore a spike one way or the

> > other in the market or in

> > a

> > > > > particular stock, even if a foundation is heavy

> > in that stock, has

> > > little

> > > > > effect on the long-term giving. "

> > > > > Other drug companies also aren't faring well on

> > Wall Street.

> > > > >

> > > > > Last week was the fifth straight that the

> > American Stock Exchange

> > > > > Pharmaceutical Index fell. The slide started

> > just before Merck & Co

> > Inc.

> > > > > announced that it would yank Vioxx, a popular

> > arthritis drug, from the

> > > > > market. Hazlett, a pharmaceuticals

> > analyst at SunTrust

> > > > > Humphrey, described that development as a

> > " disaster " for Merck that

> > has

> > > > > affected the entire industry.

> > > > >

> > > > > Pfizer, the world's largest drug maker,

> > disappointed investors last

> > week

> > > > > with revenues that missed analysts' estimates.

> > Its profits beat

> > > estimates

> > > > by

> > > > > a penny per share, but it also warned that next

> > year's results could

> > be

> > > > hurt

> > > > > by the arrival of generic competitors against

> > four of its drugs.

> > > > > GlaxoKline, which reports earnings

> > Thursday, faces several

> > cheaper

> > > > > copycat medications that will compete with its

> > compounds.

> > > > >

> > > > > In addition, Hazlett said, pharmaceutical

> > companies also fear that a

> > > > victory

> > > > > by presidential candidate Kerry would lead

> > to lower drug prices

> > and

> > > > > imported drugs from Canada. Kerry has said he

> > wants government health

> > > care

> > > > > programs to negotiate lower prices with drug

> > companies.

> > > > >

> > > > > " The specter of a Democratic administration has

> > had some effect on the

> > > > > stocks, " Hazlett said.

> > > > > Politics aside, Lilly has struggled to keep

> > sales up and costs down.

> > > > >

> > > > > In the past two weeks, Lilly has announced it

> > would cut 1,000 jobs

> > from

> > > > its

> > > > > work force, which numbers 46,000 worldwide.

> > Lilly's operations in

> > > > > Indianapolis will absorb 225. Lilly also

> > instituted a hiring freeze in

> > > > > August.

> > > > >

> > > > > Those cost-cutting moves helped Lilly post a 6

> > percent increase in

> > > profits

> > > > > in its fiscal third quarter; revenue grew a

> > modest 4 percent, leaving

> > > Wall

> > > > > Street nonplussed.

> > > > >

> > > > > " The good news is management had the 'wiggle

> > room' -- the bad news is

> > > they

> > > > > needed it (and likely will continue to), " wrote

> > Carl Seiden, an

> > analyst

> > > > > covering Lilly for the brokerage firm UBS.

> > > > >

> > > > > Many analysts are worried by declining sales of

> > Lilly's blockbuster

> > > drug,

> > > > > Zyprexa. It generates more than $4 billion a

> > year for Lilly, and, by

> > > some

> > > > > analysts' estimates, accounts for 60 percent of

> > the company's profits.

> > > > >

> > > > > Sales of the antipsychotic drug fell 9 percent

> > in Lilly's third

> > quarter,

> > > > > including a 22 percent drop in the United

> > States. And the patent

> > > challenge

> > > > > brought against Zyprexa by a generic drug maker,

> > which is now in the

> > > hands

> > > > > of an Indianapolis judge, still hangs like a

> > cloud over Lilly.

> > > > >

> > > > > " We believe investors are better off on the

> > sidelines until the

> > > visibility

> > > > > on the Zyprexa controversies improve, " Seiden

> > wrote.

> > > > >

> > > > > Other analysts have been disappointed in early

> > sales of Lilly's newest

> > > > > drugs, such as Strattera, which is used in

> > treating attention-deficit

> > > > > hyperactivity disorder.

> > > > >

> > > > > But Hazlett takes a rosier view on Lilly. He

> > points to Cymbalta, an

> > > > > antidepressant Lilly rolled out this summer, as

> > evidence for his

> > > > prediction

> > > > > of strong profit growth the next two years.

> > > > >

> > > > > Hazlett wrote that he " would recommend that

> > investors use the recent

> > > > > weakness to establish or add to a position. "

> > > > >

> > > > > Star reporter O'Neal contributed to this

> > story.

> > > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > > >

October 27, 2004

Jim, you're simply suffering from Pre-Election Anxiety Disorder!!!

>From: " Jim " <mofunnow@...>

>Reply-SSRI medications

><SSRI medications >

>Subject: Re: Lilly Stock Spirals Down (Time for a little

>celebration!)

>Date: Wed, 27 Oct 2004 15:05:26 -0500

>

October 27, 2004

Jim, you're simply suffering from Pre-Election Anxiety Disorder!!!

>From: " Jim " <mofunnow@...>

>Reply-SSRI medications

><SSRI medications >

>Subject: Re: Lilly Stock Spirals Down (Time for a little

>celebration!)

>Date: Wed, 27 Oct 2004 15:05:26 -0500

>

October 27, 2004

Yeah I better run down to my closest psychiatrist and get doped. NOT!

I had lunch and some calcium/magnesium and feeling much better now

A walk and some sleep will do me good tonight.

Jim

Re: Lilly Stock Spirals

> > > Down (Time for a little

> > > > celebration!)

> > > >

> > > > >

> > > > > I hate for people to lose jobs but I love this

> > > news. goes to show

> > > > > what unethical and harmful products will get a

> > > business everytime.

> > > > > Couldn't happen to a better bunch. Makes me think

> > > carefully about

> > > > > where I will work.

> > > > >

> > > > > >

> > > http://www.indystar.com/articles/3/189440-8983-223.html

> > > > > >

> > > > > > Lilly stock spirals down

> > > > > > The Indianapolis company's share price has hit a

> > > 52-week low every day

> > > > > since

> > > > > > Oct. 19.

> > > > > >

> > > > > > By J.K. Wall

> > > > > > jk.wall@...

> > > > > > October 26, 2004

> > > > > >

> > > > > > Eli Lilly and Co. shares hit another 52-week low

> > > Monday as the company

> > > > > > continued to feel the fallout from its own weak

> > > financial growth and

> > > > that

> > > > > of

> > > > > > the whole pharmaceutical industry.

> > > > > >

> > > > > > Shares of the Indianapolis-based company have

> > > fallen nearly 15 percent

> > > > in

> > > > > > the past two weeks, closing Monday at $50.44 a

> > > share. The value has

> > > > fallen

> > > > > > by more than 28 percent since Jan. 1. Lilly

> > > stock closed as high as

> > > > $76.95

> > > > > > in early June.

> > > > > >

> > > > > > The share price has hit a new 52-week low every

> > > day since Oct. 19.

> > > > Lilly,

> > > > > > Central Indiana's largest private employer, last

> > > week announced job

> > > cuts

> > > > > and

> > > > > > reported sales that disappointed Wall Street

> > > analysts.

> > > > > >

> > > > > > If the difficulties at Lilly are prolonged, they

> > > could indirectly

> > > affect

> > > > > the

> > > > > > Lilly Endowment, a massive Indianapolis

> > > philanthropic foundation.

> > > > > >

> > > > > > While the $10.8 billion endowment is independent

> > > of the drug maker,

> > > > Lilly

> > > > > > stock is the endowment's most significant asset.

> > > > > >

> > > > > > For now, however, the company's performance

> > > should not change the

> > > > > > endowment's level of giving, said an official

> > > with the Indiana

> > > > Grantmakers

> > > > > > Alliance.

> > > > > >

> > > > > > " Private foundations are obligated to pay out at

> > > least 5 percent of

> > > > their

> > > > > > assets. However, the 5 percent is based on a

> > > three-year rolling

> > > > average, "

> > > > > > said Audette, vice president of the

> > > alliance, in a written

> > > > > > statement. " Therefore a spike one way or the

> > > other in the market or in

> > > a

> > > > > > particular stock, even if a foundation is heavy

> > > in that stock, has

> > > > little

> > > > > > effect on the long-term giving. "

> > > > > > Other drug companies also aren't faring well on

> > > Wall Street.

> > > > > >

> > > > > > Last week was the fifth straight that the

> > > American Stock Exchange

> > > > > > Pharmaceutical Index fell. The slide started

> > > just before Merck & Co

> > > Inc.

> > > > > > announced that it would yank Vioxx, a popular

> > > arthritis drug, from the

> > > > > > market. Hazlett, a pharmaceuticals

> > > analyst at SunTrust

> > > > > > Humphrey, described that development as a

> > > " disaster " for Merck that

> > > has

> > > > > > affected the entire industry.

> > > > > >

> > > > > > Pfizer, the world's largest drug maker,

> > > disappointed investors last

> > > week

> > > > > > with revenues that missed analysts' estimates.

> > > Its profits beat

> > > > estimates

> > > > > by

> > > > > > a penny per share, but it also warned that next

> > > year's results could

> > > be

> > > > > hurt

> > > > > > by the arrival of generic competitors against

> > > four of its drugs.

> > > > > > GlaxoKline, which reports earnings

> > > Thursday, faces several

> > > cheaper

> > > > > > copycat medications that will compete with its

> > > compounds.

> > > > > >

> > > > > > In addition, Hazlett said, pharmaceutical

> > > companies also fear that a

> > > > > victory

> > > > > > by presidential candidate Kerry would lead

> > > to lower drug prices

> > > and

> > > > > > imported drugs from Canada. Kerry has said he

> > > wants government health

> > > > care

> > > > > > programs to negotiate lower prices with drug

> > > companies.

> > > > > >

> > > > > > " The specter of a Democratic administration has

> > > had some effect on the

> > > > > > stocks, " Hazlett said.

> > > > > > Politics aside, Lilly has struggled to keep

> > > sales up and costs down.

> > > > > >

> > > > > > In the past two weeks, Lilly has announced it

> > > would cut 1,000 jobs

> > > from

> > > > > its

> > > > > > work force, which numbers 46,000 worldwide.

> > > Lilly's operations in

> > > > > > Indianapolis will absorb 225. Lilly also

> > > instituted a hiring freeze in

> > > > > > August.

> > > > > >

> > > > > > Those cost-cutting moves helped Lilly post a 6

> > > percent increase in

> > > > profits

> > > > > > in its fiscal third quarter; revenue grew a

> > > modest 4 percent, leaving

> > > > Wall

> > > > > > Street nonplussed.

> > > > > >

> > > > > > " The good news is management had the 'wiggle

> > > room' -- the bad news is

> > > > they

> > > > > > needed it (and likely will continue to), " wrote

> > > Carl Seiden, an

> > > analyst

> > > > > > covering Lilly for the brokerage firm UBS.

> > > > > >

> > > > > > Many analysts are worried by declining sales of

> > > Lilly's blockbuster

> > > > drug,

> > > > > > Zyprexa. It generates more than $4 billion a

> > > year for Lilly, and, by

> > > > some

> > > > > > analysts' estimates, accounts for 60 percent of

> > > the company's profits.

> > > > > >

> > > > > > Sales of the antipsychotic drug fell 9 percent

> > > in Lilly's third

> > > quarter,

> > > > > > including a 22 percent drop in the United

> > > States. And the patent

> > > > challenge

> > > > > > brought against Zyprexa by a generic drug maker,

> > > which is now in the

> > > > hands

> > > > > > of an Indianapolis judge, still hangs like a

> > > cloud over Lilly.

> > > > > >

> > > > > > " We believe investors are better off on the

> > > sidelines until the

> > > > visibility

> > > > > > on the Zyprexa controversies improve, " Seiden

> > > wrote.

> > > > > >

> > > > > > Other analysts have been disappointed in early

> > > sales of Lilly's newest

> > > > > > drugs, such as Strattera, which is used in

> > > treating attention-deficit

> > > > > > hyperactivity disorder.

> > > > > >

> > > > > > But Hazlett takes a rosier view on Lilly. He

> > > points to Cymbalta, an

> > > > > > antidepressant Lilly rolled out this summer, as

> > > evidence for his

> > > > > prediction

> > > > > > of strong profit growth the next two years.

> > > > > >

> > > > > > Hazlett wrote that he " would recommend that

> > > investors use the recent

> > > > > > weakness to establish or add to a position. "

> > > > > >

> > > > > > Star reporter O'Neal contributed to this

> > > story.

> > > > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > > > >

October 27, 2004

Yeah I better run down to my closest psychiatrist and get doped. NOT!

I had lunch and some calcium/magnesium and feeling much better now

A walk and some sleep will do me good tonight.

Jim

Re: Lilly Stock Spirals

> > > Down (Time for a little

> > > > celebration!)

> > > >

> > > > >

> > > > > I hate for people to lose jobs but I love this

> > > news. goes to show

> > > > > what unethical and harmful products will get a

> > > business everytime.

> > > > > Couldn't happen to a better bunch. Makes me think

> > > carefully about

> > > > > where I will work.

> > > > >

> > > > > >

> > > http://www.indystar.com/articles/3/189440-8983-223.html

> > > > > >

> > > > > > Lilly stock spirals down

> > > > > > The Indianapolis company's share price has hit a

> > > 52-week low every day

> > > > > since

> > > > > > Oct. 19.

> > > > > >

> > > > > > By J.K. Wall

> > > > > > jk.wall@...

> > > > > > October 26, 2004

> > > > > >

> > > > > > Eli Lilly and Co. shares hit another 52-week low

> > > Monday as the company

> > > > > > continued to feel the fallout from its own weak

> > > financial growth and

> > > > that

> > > > > of

> > > > > > the whole pharmaceutical industry.

> > > > > >

> > > > > > Shares of the Indianapolis-based company have

> > > fallen nearly 15 percent

> > > > in

> > > > > > the past two weeks, closing Monday at $50.44 a

> > > share. The value has

> > > > fallen

> > > > > > by more than 28 percent since Jan. 1. Lilly

> > > stock closed as high as

> > > > $76.95

> > > > > > in early June.

> > > > > >

> > > > > > The share price has hit a new 52-week low every

> > > day since Oct. 19.

> > > > Lilly,

> > > > > > Central Indiana's largest private employer, last

> > > week announced job

> > > cuts

> > > > > and

> > > > > > reported sales that disappointed Wall Street

> > > analysts.

> > > > > >

> > > > > > If the difficulties at Lilly are prolonged, they

> > > could indirectly

> > > affect

> > > > > the

> > > > > > Lilly Endowment, a massive Indianapolis

> > > philanthropic foundation.

> > > > > >

> > > > > > While the $10.8 billion endowment is independent

> > > of the drug maker,

> > > > Lilly

> > > > > > stock is the endowment's most significant asset.

> > > > > >

> > > > > > For now, however, the company's performance

> > > should not change the

> > > > > > endowment's level of giving, said an official

> > > with the Indiana

> > > > Grantmakers

> > > > > > Alliance.

> > > > > >

> > > > > > " Private foundations are obligated to pay out at

> > > least 5 percent of

> > > > their

> > > > > > assets. However, the 5 percent is based on a

> > > three-year rolling

> > > > average, "

> > > > > > said Audette, vice president of the

> > > alliance, in a written

> > > > > > statement. " Therefore a spike one way or the

> > > other in the market or in

> > > a

> > > > > > particular stock, even if a foundation is heavy

> > > in that stock, has

> > > > little

> > > > > > effect on the long-term giving. "

> > > > > > Other drug companies also aren't faring well on

> > > Wall Street.

> > > > > >

> > > > > > Last week was the fifth straight that the

> > > American Stock Exchange

> > > > > > Pharmaceutical Index fell. The slide started

> > > just before Merck & Co

> > > Inc.

> > > > > > announced that it would yank Vioxx, a popular

> > > arthritis drug, from the

> > > > > > market. Hazlett, a pharmaceuticals

> > > analyst at SunTrust

> > > > > > Humphrey, described that development as a

> > > " disaster " for Merck that

> > > has

> > > > > > affected the entire industry.

> > > > > >

> > > > > > Pfizer, the world's largest drug maker,

> > > disappointed investors last

> > > week

> > > > > > with revenues that missed analysts' estimates.

> > > Its profits beat

> > > > estimates

> > > > > by

> > > > > > a penny per share, but it also warned that next

> > > year's results could

> > > be

> > > > > hurt

> > > > > > by the arrival of generic competitors against

> > > four of its drugs.

> > > > > > GlaxoKline, which reports earnings

> > > Thursday, faces several

> > > cheaper

> > > > > > copycat medications that will compete with its

> > > compounds.

> > > > > >

> > > > > > In addition, Hazlett said, pharmaceutical

> > > companies also fear that a

> > > > > victory

> > > > > > by presidential candidate Kerry would lead

> > > to lower drug prices

> > > and

> > > > > > imported drugs from Canada. Kerry has said he

> > > wants government health

> > > > care

> > > > > > programs to negotiate lower prices with drug

> > > companies.

> > > > > >

> > > > > > " The specter of a Democratic administration has

> > > had some effect on the

> > > > > > stocks, " Hazlett said.

> > > > > > Politics aside, Lilly has struggled to keep

> > > sales up and costs down.

> > > > > >

> > > > > > In the past two weeks, Lilly has announced it

> > > would cut 1,000 jobs

> > > from

> > > > > its

> > > > > > work force, which numbers 46,000 worldwide.

> > > Lilly's operations in

> > > > > > Indianapolis will absorb 225. Lilly also

> > > instituted a hiring freeze in

> > > > > > August.

> > > > > >

> > > > > > Those cost-cutting moves helped Lilly post a 6

> > > percent increase in

> > > > profits

> > > > > > in its fiscal third quarter; revenue grew a

> > > modest 4 percent, leaving

> > > > Wall

> > > > > > Street nonplussed.

> > > > > >

> > > > > > " The good news is management had the 'wiggle

> > > room' -- the bad news is

> > > > they

> > > > > > needed it (and likely will continue to), " wrote

> > > Carl Seiden, an

> > > analyst

> > > > > > covering Lilly for the brokerage firm UBS.

> > > > > >

> > > > > > Many analysts are worried by declining sales of

> > > Lilly's blockbuster

> > > > drug,

> > > > > > Zyprexa. It generates more than $4 billion a

> > > year for Lilly, and, by

> > > > some

> > > > > > analysts' estimates, accounts for 60 percent of

> > > the company's profits.

> > > > > >

> > > > > > Sales of the antipsychotic drug fell 9 percent

> > > in Lilly's third

> > > quarter,

> > > > > > including a 22 percent drop in the United

> > > States. And the patent

> > > > challenge

> > > > > > brought against Zyprexa by a generic drug maker,

> > > which is now in the

> > > > hands

> > > > > > of an Indianapolis judge, still hangs like a

> > > cloud over Lilly.

> > > > > >

> > > > > > " We believe investors are better off on the

> > > sidelines until the

> > > > visibility

> > > > > > on the Zyprexa controversies improve, " Seiden

> > > wrote.

> > > > > >

> > > > > > Other analysts have been disappointed in early

> > > sales of Lilly's newest

> > > > > > drugs, such as Strattera, which is used in

> > > treating attention-deficit

> > > > > > hyperactivity disorder.

> > > > > >

> > > > > > But Hazlett takes a rosier view on Lilly. He

> > > points to Cymbalta, an

> > > > > > antidepressant Lilly rolled out this summer, as

> > > evidence for his

> > > > > prediction

> > > > > > of strong profit growth the next two years.

> > > > > >

> > > > > > Hazlett wrote that he " would recommend that

> > > investors use the recent

> > > > > > weakness to establish or add to a position. "

> > > > > >

> > > > > > Star reporter O'Neal contributed to this

> > > story.

> > > > > > Call Star reporter J.K. Wall at (317) 444-6287.

> > > > > >

October 27, 2004

lolo, to funny!!! You guys are a hoot! lol

Thanks for that one doc.

Connie

lololol Cheers!

--- Jim <mofunnow@...> wrote:

---------------------------------

Yeah I better run down to my closest psychiatrist and

get doped. NOT!

I had lunch and some calcium/magnesium and feeling

much better now

A walk and some sleep will do me good tonight.

Jim

Re: Lilly Stock

Spirals

> > > Down (Time for a little

> > > > celebration!)

> > > >

> > > > >

> > > > > I hate for people to lose jobs but I love

this

> > > news. goes to show

> > > > > what unethical and harmful products will get

a

> > > business everytime.

> > > > > Couldn't happen to a better bunch. Makes me

think

> > > carefully about

> > > > > where I will work.

> > > > >

> > > > > >

> > >

http://www.indystar.com/articles/3/189440-8983-223.html

> > > > > >

> > > > > > Lilly stock spirals down

> > > > > > The Indianapolis company's share price has

hit a

> > > 52-week low every day

> > > > > since

> > > > > > Oct. 19.

> > > > > >

> > > > > > By J.K. Wall

> > > > > > jk.wall@...

> > > > > > October 26, 2004

> > > > > >

> > > > > > Eli Lilly and Co. shares hit another

52-week low

> > > Monday as the company

> > > > > > continued to feel the fallout from its own

weak

> > > financial growth and

> > > > that

> > > > > of

> > > > > > the whole pharmaceutical industry.

> > > > > >

> > > > > > Shares of the Indianapolis-based company

have

> > > fallen nearly 15 percent

> > > > in

> > > > > > the past two weeks, closing Monday at

$50.44 a

> > > share. The value has

> > > > fallen

> > > > > > by more than 28 percent since Jan. 1.

Lilly

> > > stock closed as high as

> > > > $76.95

> > > > > > in early June.

> > > > > >

> > > > > > The share price has hit a new 52-week low

every

> > > day since Oct. 19.

> > > > Lilly,

> > > > > > Central Indiana's largest private

employer, last

> > > week announced job

> > > cuts

> > > > > and

> > > > > > reported sales that disappointed Wall

Street

> > > analysts.

> > > > > >

> > > > > > If the difficulties at Lilly are

prolonged, they

> > > could indirectly

> > > affect

> > > > > the

> > > > > > Lilly Endowment, a massive Indianapolis

> > > philanthropic foundation.

> > > > > >

> > > > > > While the $10.8 billion endowment is

independent

> > > of the drug maker,

> > > > Lilly

> > > > > > stock is the endowment's most significant

asset.

> > > > > >

> > > > > > For now, however, the company's

performance

> > > should not change the

> > > > > > endowment's level of giving, said an

official

> > > with the Indiana

> > > > Grantmakers

> > > > > > Alliance.

> > > > > >

> > > > > > " Private foundations are obligated to pay

out at

> > > least 5 percent of

> > > > their

> > > > > > assets. However, the 5 percent is based on

a

> > > three-year rolling

> > > > average, "

> > > > > > said Audette, vice president of

the

> > > alliance, in a written

> > > > > > statement. " Therefore a spike one way or

the

> > > other in the market or in

> > > a

> > > > > > particular stock, even if a foundation is

heavy

> > > in that stock, has

> > > > little

> > > > > > effect on the long-term giving. "

> > > > > > Other drug companies also aren't faring

well on

> > > Wall Street.

> > > > > >

> > > > > > Last week was the fifth straight that the

> > > American Stock Exchange

> > > > > > Pharmaceutical Index fell. The slide

started

> > > just before Merck & Co

> > > Inc.

> > > > > > announced that it would yank Vioxx, a

popular

> > > arthritis drug, from the

> > > > > > market. Hazlett, a pharmaceuticals

> > > analyst at SunTrust

> > > > > > Humphrey, described that development as a

> > > " disaster " for Merck that

> > > has

> > > > > > affected the entire industry.

> > > > > >

> > > > > > Pfizer, the world's largest drug maker,

> > > disappointed investors last

> > > week

> > > > > > with revenues that missed analysts'

estimates.

> > > Its profits beat

> > > > estimates

> > > > > by

> > > > > > a penny per share, but it also warned that

> > > be

> > > > > hurt

> > > > > > by the arrival of generic competitors

against

> > > four of its drugs.

> > > > > > GlaxoKline, which reports earnings

> > > Thursday, faces several

> > > cheaper

> > > > > > copycat medications that will compete with

its

> > > compounds.

> > > > > >

> > > > > > In addition, Hazlett said, pharmaceutical

> > > companies also fear that a

> > > > > victory

> > > > > > by presidential candidate Kerry would

lead

> > > to lower drug prices

> > > and

> > > > > > imported drugs from Canada. Kerry has said

he

> > > wants government health

> > > > care

> > > > > > programs to negotiate lower prices with

drug

> > > companies.

> > > > > >

> > > > > > " The specter of a Democratic

administration has

> > > had some effect on the

> > > > > > stocks, " Hazlett said.

> > > > > > Politics aside, Lilly has struggled to

keep

> > > sales up and costs down.

> > > > > >

> > > > > > In the past two weeks, Lilly has announced

it

> > > would cut 1,000 jobs

> > > from

> > > > > its

> > > > > > work force, which numbers 46,000

worldwide.

> > > Lilly's operations in

> > > > > > Indianapolis will absorb 225. Lilly also

> > > instituted a hiring freeze in

> > > > > > August.

> > > > > >

> > > > > > Those cost-cutting moves helped Lilly post

a 6

> > > percent increase in

> > > > profits

> > > > > > in its fiscal third quarter; revenue grew

a

> > > modest 4 percent, leaving

> > > > Wall

> > > > > > Street nonplussed.

> > > > > >

> > > > > > " The good news is management had the

'wiggle

> > > room' -- the bad news is

> > > > they

> > > > > > needed it (and likely will continue to), "

wrote

> > > Carl Seiden, an

> > > analyst

> > > > > > covering Lilly for the brokerage firm UBS.

> > > > > >

> > > > > > Many analysts are worried by declining

sales of

> > > Lilly's blockbuster

> > > > drug,

> > > > > > Zyprexa. It generates more than $4 billion

a

> > > year for Lilly, and, by

> > > > some

> > > > > > analysts' estimates, accounts for 60

percent of

> > > the company's profits.

> > > > > >

> > > > > > Sales of the antipsychotic drug fell 9

percent

> > > in Lilly's third

> > > quarter,

> > > > > > including a 22 percent drop in the United

> > > States. And the patent

> > > > challenge

> > > > > > brought against Zyprexa by a generic drug

maker,

> > > which is now in the

> > > > hands

> > > > > > of an Indianapolis judge, still hangs like

a

> > > cloud over Lilly.

> > > > > >

> > > > > > " We believe investors are better off on

the

> > > sidelines until the

> > > > visibility

> > > > > > on the Zyprexa controversies improve, "

Seiden

> > > wrote.

> > > > > >

> > > > > > Other analysts have been disappointed in

early

> > > sales of Lilly's newest

> > > > > > drugs, such as Strattera, which is used in

> > > treating attention-deficit

> > > > > > hyperactivity disorder.

> > > > > >

> > > > > > But Hazlett takes a rosier view on Lilly.

He

> > > points to Cymbalta, an

> > > > > > antidepressant Lilly rolled out this

summer, as

> > > evidence for his

> > > > > prediction

> > > > > > of strong profit growth the next two

years.

> > > > > >

> > > > > > Hazlett wrote that he " would recommend

that

> > > investors use the recent

> > > > > > weakness to establish or add to a

position. "

> > > > > >

> > > > > > Star reporter O'Neal contributed to

this

> > > story.

> > > > > > Call Star reporter J.K. Wall at (317)

444-6287.

> > > > > >

October 27, 2004

lolo, to funny!!! You guys are a hoot! lol

Thanks for that one doc.

Connie

lololol Cheers!

--- Jim <mofunnow@...> wrote:

---------------------------------

Yeah I better run down to my closest psychiatrist and

get doped. NOT!

I had lunch and some calcium/magnesium and feeling

much better now

A walk and some sleep will do me good tonight.

Jim

Re: Lilly Stock

Spirals

> > > Down (Time for a little

> > > > celebration!)

> > > >

> > > > >

> > > > > I hate for people to lose jobs but I love

this

> > > news. goes to show

> > > > > what unethical and harmful products will get

a

> > > business everytime.

> > > > > Couldn't happen to a better bunch. Makes me

think

> > > carefully about

> > > > > where I will work.

> > > > >

> > > > > >

> > >

http://www.indystar.com/articles/3/189440-8983-223.html

> > > > > >

> > > > > > Lilly stock spirals down

> > > > > > The Indianapolis company's share price has

hit a

> > > 52-week low every day

> > > > > since

> > > > > > Oct. 19.

> > > > > >

> > > > > > By J.K. Wall

> > > > > > jk.wall@...

> > > > > > October 26, 2004

> > > > > >

> > > > > > Eli Lilly and Co. shares hit another

52-week low

> > > Monday as the company

> > > > > > continued to feel the fallout from its own

weak

> > > financial growth and

> > > > that

> > > > > of

> > > > > > the whole pharmaceutical industry.

> > > > > >

> > > > > > Shares of the Indianapolis-based company

have

> > > fallen nearly 15 percent

> > > > in

> > > > > > the past two weeks, closing Monday at

$50.44 a

> > > share. The value has

> > > > fallen

> > > > > > by more than 28 percent since Jan. 1.

Lilly

> > > stock closed as high as

> > > > $76.95

> > > > > > in early June.

> > > > > >

> > > > > > The share price has hit a new 52-week low

every

> > > day since Oct. 19.

> > > > Lilly,

> > > > > > Central Indiana's largest private

employer, last

> > > week announced job

> > > cuts

> > > > > and

> > > > > > reported sales that disappointed Wall

Street

> > > analysts.

> > > > > >

> > > > > > If the difficulties at Lilly are

prolonged, they

> > > could indirectly

> > > affect

> > > > > the

> > > > > > Lilly Endowment, a massive Indianapolis

> > > philanthropic foundation.

> > > > > >

> > > > > > While the $10.8 billion endowment is

independent

> > > of the drug maker,

> > > > Lilly

> > > > > > stock is the endowment's most significant

asset.

> > > > > >

> > > > > > For now, however, the company's

performance

> > > should not change the

> > > > > > endowment's level of giving, said an

official

> > > with the Indiana

> > > > Grantmakers

> > > > > > Alliance.

> > > > > >

> > > > > > " Private foundations are obligated to pay

out at

> > > least 5 percent of

> > > > their

> > > > > > assets. However, the 5 percent is based on

a

> > > three-year rolling

> > > > average, "

> > > > > > said Audette, vice president of

the

> > > alliance, in a written

> > > > > > statement. " Therefore a spike one way or

the

> > > other in the market or in

> > > a

> > > > > > particular stock, even if a foundation is

heavy

> > > in that stock, has

> > > > little

> > > > > > effect on the long-term giving. "

> > > > > > Other drug companies also aren't faring

well on

> > > Wall Street.

> > > > > >

> > > > > > Last week was the fifth straight that the

> > > American Stock Exchange

> > > > > > Pharmaceutical Index fell. The slide

started

> > > just before Merck & Co

> > > Inc.

> > > > > > announced that it would yank Vioxx, a

popular

> > > arthritis drug, from the

> > > > > > market. Hazlett, a pharmaceuticals

> > > analyst at SunTrust

> > > > > > Humphrey, described that development as a

> > > " disaster " for Merck that

> > > has

> > > > > > affected the entire industry.

> > > > > >

> > > > > > Pfizer, the world's largest drug maker,

> > > disappointed investors last

> > > week

> > > > > > with revenues that missed analysts'

estimates.

> > > Its profits beat

> > > > estimates

> > > > > by

> > > > > > a penny per share, but it also warned that

> > > be

> > > > > hurt

> > > > > > by the arrival of generic competitors

against

> > > four of its drugs.

> > > > > > GlaxoKline, which reports earnings

> > > Thursday, faces several

> > > cheaper

> > > > > > copycat medications that will compete with

its

> > > compounds.

> > > > > >

> > > > > > In addition, Hazlett said, pharmaceutical

> > > companies also fear that a

> > > > > victory

> > > > > > by presidential candidate Kerry would

lead

> > > to lower drug prices

> > > and

> > > > > > imported drugs from Canada. Kerry has said

he

> > > wants government health

> > > > care

> > > > > > programs to negotiate lower prices with

drug

> > > companies.

> > > > > >

> > > > > > " The specter of a Democratic

administration has

> > > had some effect on the

> > > > > > stocks, " Hazlett said.

> > > > > > Politics aside, Lilly has struggled to

keep

> > > sales up and costs down.

> > > > > >

> > > > > > In the past two weeks, Lilly has announced

it

> > > would cut 1,000 jobs

> > > from

> > > > > its

> > > > > > work force, which numbers 46,000

worldwide.

> > > Lilly's operations in

> > > > > > Indianapolis will absorb 225. Lilly also

> > > instituted a hiring freeze in

> > > > > > August.

> > > > > >

> > > > > > Those cost-cutting moves helped Lilly post

a 6

> > > percent increase in

> > > > profits

> > > > > > in its fiscal third quarter; revenue grew

a

> > > modest 4 percent, leaving

> > > > Wall

> > > > > > Street nonplussed.

> > > > > >

> > > > > > " The good news is management had the

'wiggle

> > > room' -- the bad news is

> > > > they

> > > > > > needed it (and likely will continue to), "

wrote

> > > Carl Seiden, an

> > > analyst

> > > > > > covering Lilly for the brokerage firm UBS.

> > > > > >

> > > > > > Many analysts are worried by declining

sales of

> > > Lilly's blockbuster

> > > > drug,

> > > > > > Zyprexa. It generates more than $4 billion

a

> > > year for Lilly, and, by

> > > > some

> > > > > > analysts' estimates, accounts for 60

percent of

> > > the company's profits.

> > > > > >

> > > > > > Sales of the antipsychotic drug fell 9

percent

> > > in Lilly's third

> > > quarter,

> > > > > > including a 22 percent drop in the United

> > > States. And the patent

> > > > challenge

> > > > > > brought against Zyprexa by a generic drug

maker,

> > > which is now in the

> > > > hands

> > > > > > of an Indianapolis judge, still hangs like

a

> > > cloud over Lilly.

> > > > > >

> > > > > > " We believe investors are better off on

the

> > > sidelines until the

> > > > visibility

> > > > > > on the Zyprexa controversies improve, "

Seiden

> > > wrote.

> > > > > >

> > > > > > Other analysts have been disappointed in

early

> > > sales of Lilly's newest

> > > > > > drugs, such as Strattera, which is used in

> > > treating attention-deficit

> > > > > > hyperactivity disorder.

> > > > > >

> > > > > > But Hazlett takes a rosier view on Lilly.

He

> > > points to Cymbalta, an

> > > > > > antidepressant Lilly rolled out this

summer, as

> > > evidence for his

> > > > > prediction

> > > > > > of strong profit growth the next two

years.

> > > > > >

> > > > > > Hazlett wrote that he " would recommend

that

> > > investors use the recent

> > > > > > weakness to establish or add to a

position. "

> > > > > >

> > > > > > Star reporter O'Neal contributed to

this

> > > story.

> > > > > > Call Star reporter J.K. Wall at (317)

444-6287.

> > > > > >

October 27, 2004

Roflol! That's a new one .. only don't give the New Freedom Commission any

ideas. Please!

Re: Lilly Stock Spirals Down (Time for a little

> >celebration!)

> >Date: Wed, 27 Oct 2004 15:05:26 -0500

> >

>

Sign In

Re: Lilly Stock Spirals Down (Time for a little celebration!)

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