Illumina to Shake Off the Shorts
Back in September, I believed the shares of Illumina (ILMN) would trade flat to down while investors waited for clarity regarding the size of the National Institutes of Health budget. As it turns out, the NIH budget was spared the worst, but stock was just about cut in half.
Earlier this week the shares rallied on the announcement that Illumina would begin selling a fantastic new genetic sequencing machine, the HiSeq 2500. Hoping to steal Illumina's thunder, Life Technologies (LIFE) rushed out a rival machine on the same day. Both companies claim their machines can map a genome in a single day. Both machines are expected to ship later this year....476 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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