Genetics Institute Mementos: A Slide Show

11/14/11Follow @xconomy

(Page 9 of 24)

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The Genetics Institute Impact — Here’s a copy of a company memo, dated Aug. 2, 1993, in which CEO Gabe Schmergel sent a note with the subject line “Genetics Institute Becomes a Billion-Dollar Company!” He notes that the company’s market valuation exceeded $1 billion that day when the stock closed at $38 3/8 (yes, they used fractions back then). He does temper his enthusiasm a bit in the note, however, saying “our market valuation may well drop below $1 billion again as the stock market is volatile and is influenced as much by unrelated events and perceptions as by individual company fundamentals.”
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  • Risa Glass

    Hi~
    Just wanted to say that that’s me on the cover! With Larry Ryan. So excited to see this here! I think I have a copy of this at home, too~ See you all Decemebr 14th!

    Risa Glass
    GI Employee from 1987-2010