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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (18672)	2/14/2004 11:27:32 AM
From: Paul Senior	Respond to of 78683

J. Clarke, thanks for the alert on LENS. I'll check the proxy. For other reasons, I'm already distrustful and suspicious of management as I've looked over this company. However, with the stock roughly at 2x cash and with no ltd and being a company that's a quick responder in a business sector that's in flux, it's worth it to me to take on a few shares to see if they can create and develop profitable products for the market. In past, when they seemed like they might have been able to do that, the stock has traded higher than currently. (OTOH, that was then; times and the situation might be very different now.) Paul Senior

To: James Clarke who wrote (18672)	2/14/2004 5:51:53 PM
From: - with a K	Respond to of 78683

I sold my LENS share the day the feeble earnings report came out. FWIW, James Awad, "Special Value" portfolio manager, also sold: Concord Camera (LENS, news, msgs) has recently struggled with heightened competitive activity in the digital camera marketplace. While digital camera sales are robust, the company has initially shown a limited ability to participate in its rapid growth. Until Concord Camera can demonstrate a core competency in this category, we are choosing to step aside. moneycentral.msn.com