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Technology Stocks : Lucent Technologies (LU)
LU 2.500-0.8%Nov 28 9:30 AM EST
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To: ed who wrote (7449)4/20/1999 7:51:00 AM
From: Arul K. Edwin  Read Replies (1) of 21876
 
I agree, otherwise how could some stocks trade below their cash holdings? and at 50% of their book value. For example, a stock mentioned in Barrons recently viz SFLX closed at 3 1/4 yesterday, which has a book value of over $7 and has cash worth over $4. Would someone kindly explain how this happens?. There are no indications that they are going to burn up all the cash in few months.

Thanks in advance.
Edwin
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