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Pastimes : Crazy Fools Chasing Crazy CyberNews
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To: ms.smartest.person who wrote (432)8/22/2001 8:52:36 PM
From: TimF   of 5140
 
JDS Uniphase -$51,670.66

JDSU didn't lose tens of billions of dollars. It paid inflated prices for companies but it paid in the inflated curency of its stock when the stock was worth a lot more then it is today. If it bought the companies now the prices would be lot lower but the price of the JDSU shares is a lot lower as well. The net effect is similar except it doesn't write down many billions of dollars. The real profit or loss is not different.

Tim
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