SUBJECT AREAS: Capital budgeting, Decision trees, Investments, Present value, ValuationCASE SETTINGS: Pharmaceutical industry; Fortune 500; $33 billion revenues; 1999This explores the valuation of an opportunity to license a compound before it enters clinical trials. Describes Merck's decision tree...

SUBJECT AREAS: Capital, Financial managementCASE SETTINGS: Round Rock, TX; High technology; 1997Dell Computer Corp. manufactures, sells, and services personal computers. The company markets its computers directly to its customers and builds computers after receiving a customer order. This...

SUBJECT AREAS: Cash flow, Financial analysis, Present value, ValuationCASE SETTINGS: Boston, MA; Fitness industry; $22 million revenues; 2000Health Development Corp. (HDC) owns and operates health clubs in the Greater Boston area. HDC engaged a local investment banker to explore a sale of the...

SUBJECT AREAS: Acquisitions, Mergers, Present value, ValuationCASE SETTINGS: District of Columbia; Radio; $81.7 million revenues; 1999Radio One (NYSE: ROIA and RIOAK), the largest radio group targeting African-Americans in the country, had the opportunity to acquire 12 urban stations in the top...

SUBJECT AREAS: Capital budgeting, Cash flow, ERP, Forecasting, Investments, Present valueCASE SETTINGS: Italy; Appliance industry; 1999This case presents a capital budgeting problem. Whirlpool Europe is evaluating an investment in an enterprise resource planning (ERP) system that would...

SUBJECT AREAS: Biotechnology, Decision trees, Equity financing, Ramp;D, ValuationCASE SETTINGS: Sunnyvale, CA; Pharmaceutical industry; $1.3 million revenues; 2000Pharmacyclics (NASDAQ: PCYC), a pharmaceutical company that manufactures products that will improve existing therapeutic treatments for...