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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Randy McWilliams who wrote (4343)9/5/1998 10:49:00 PM
From: BWAC  Read Replies (1) of 6565
 
Randy,

Re the book value of the property plant and equipment.

The value already has been somewhat cut into through depreciation.
The depreciation reduces the value of the asset recorded on the books. Mr. Mehta indicated that on average the equipment was 2 1/2 years depreciated on a 5 year schedule. Building and property have also been depreciated on the books, but in all probability have actually appreciated in market value. Mr. Mehta indicated also that he would estimate this market value over book recorded value would add about $1 per share to overall book value.

So take the $12 book value and add 1 for 13.
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