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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (16679)	10/11/2000 12:54:39 AM
From: Anonymous	Read Replies (1) \| Respond to of 21876

Thanks. It does help in understanding what happened to Big Blue....ANON

To: John Koligman who wrote (16679)	10/11/2000 7:46:57 AM
From: GVTucker	Respond to of 21876

John, I like that IBM analogy. Take it one step further. Tech companies in trouble almost always bottom out close to book value. IBM's low during those problems was a little over $10, split adjusted. At that time, book value was $12. AAPL, same thing. It bottomed out at 6 3/8 in '97, book value just under $7. DEC, same thing. I know that book value is pretty much an accounting formality that often does not reflect reality. Nevertheless, this works time and time again. LU book value right now is $7.82.