ADVFN - Advanced Financial Network.
HOME» NASDAQ » I » ILMN Stock Price » ILMN Stock News

Illumina Share News

 Illumina (mm) Stock Price
ILMN Stock Price
 Illumina (mm) Stock Chart
ILMN Stock Chart
 Illumina (mm) Stock News
ILMN Stock News
 Illumina (mm) Company Information
ILMN Company Information
 Illumina (mm) Stock Trades
ILMN Stock Trades

Roche Criticizes Illumina's Apple Comparison

DOW JONES NEWSWIRES Swiss drug maker Roche Holding AG (ROG.VX, RHHBY) again urged Illumina Inc. (ILMN) shareholders to vote for its slate of board candidates and criticized the U.S. gene-sequencing company for comparing itself to Apple Inc. (AAPL), in Roche's latest move to stage a takeover. In a letter to Illumina shareholders Wednesday, Roche mocked Illumina for recently telling shareholders that the company has been called "the Apple of the genomics business." "There is one glaring difference between Illumina and Apple--Illumina's MiSeq and HiSeq are not the iPhone and the iPad," Roche wrote, saying Illumina's products serve a much smaller and highly regulated market compared with Apple's products. Roche noted "crowd control of eager buyers" has not been a problem for the company and "not even Illumina has projected any surge in revenues from its products in any specific foreseeable time period." Roche said Illumina has an uncertain future as a standalone company, but it is "willing to assume this risk." Last week Illumina rejected Roche's sweetened offer of $51 a share, saying the revised bid--which values the company at about $6.5 billion--was still inadequate and opportunistic. However, Roche Wednesday said its offer is "very attractive" and "a more than reasonable starting point for negotiations." Over the last week, three proxy-advisory firms have recommended that Illumina shareholders vote against Roche's board nominees. Ilumina shares slid by 13 cents to $52.44 after hours. The stock has gained 72% since the start of the year. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;

Stock News for Illumina (ILMN)
11/27/201509:53:45Statement of Changes in Beneficial Ownership (4)
11/25/201513:57:44Statement of Changes in Beneficial Ownership (4)
11/19/201515:03:03Why Pacific Biosciences of California Is Soaring Higher Today
11/16/201517:18:21Statement of Changes in Beneficial Ownership (4)
11/12/201518:44:00Illumina Set to Join the S&P 500
11/12/201509:18:03Why Pacific Biosciences of California Jumped 30% in October
11/04/201517:45:28Statement of Changes in Beneficial Ownership (4)
11/02/201516:32:01Quarterly Report (10-q)
11/02/201506:30:00Illumina Announces New $250 Million Share Repurchase Authorization
11/01/201515:20:03Qiagen NV Earnings: Just What You'd Expect
10/27/201515:14:42Why Pacific Biosciences of California Went Up, Then Down, Then...
10/25/201513:40:06Is Profitiablity in Pacific Biosciences of California's DNA?
10/25/201510:01:06Illumina Inc. Reports Disappointing Q3 Sales
10/23/201512:54:46Why Pacific Biosciences of California Jumped Today
10/21/201500:27:03Illumina (ILMN) Jay T. Flatley on Q3 2015 Results - Earnings...
10/20/201516:55:00Illumina (ILMN) Q3 2015 Results - Earnings Call Webcast
10/20/201516:25:27Ilumina Q3 top line up 15%; EPS up 25%; CF Ops up 24%; earnings...
10/20/201516:08:30Illumina beats by $0.01, misses on revenue
10/20/201516:05:00Illumina Reports Financial Results for Third Quarter of Fiscal...
10/10/201509:54:49Trouble Just Beginning For Illumina

Illumina and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations