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Technology Stocks : 3DFX
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To: Sun Tzu who wrote (7225)9/15/1998 4:02:00 PM
From: Doug Fowler  Read Replies (1) of 16960
 
>>Take a look at the long
term chart of LRCX. The company's market cap was reduced from 80 billion to 400
million due to the industry down turn.<<

Sun:

I don't know where you got your numbers from, but LRCX never had a stock market capitalization of anywhere NEAR $80 billion.

Looking at the long-term chart, as you suggested, showed that LRCX once traded for close to 8 times its current value. That means LRCX once had about a $3B market cap.

There is a very big difference between $3B and $80B.
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