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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (3773)10/27/2002 1:20:36 PM
From: Steve Lee  Read Replies (2) | Respond to of 25522
 
"how many times do you think JDSU or Lucent can write off $40B? They don't have that sort of market cap to write off so the losses have to get smaller by default."

The losses don't come from market cap, they come from fantasy book value. So it depends how much fantasy remains on their books.