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gilead23

05/01/08 9:45 PM

#16 RE: MikeDDKing #15

I am figuring them for something in the ballpark of .20 this quarter. Its interesting to note that anytime they have had an R&D spike as they did last Q it has always been followed by a drop to more normal levels (at least over the last 20 quarters).

I think you may see and R&D expense drop of .03/share pre-tax and I think catalyst is likely to have a whopper of a Q with that surge in backlog this quarter. Not clear on where "training" expenses fit in this quarter but if that goes away or drops it could help as well. Margin pressure is a wildcard.

This is a small position given the liquidity but I give it a 50/50 of doubling on this upcoming report.