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Pastimes : The Big Picture - Economics and Investing -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (417)	11/16/1997 6:12:00 PM
From: Dwight E. Karlsen	Respond to of 686

They get awfully excited at the idea that some of those companies will disappear and that the outlook may not be unlimited. Yes, but no one can deny that U.S. Robotics has disappeared. When 3Com announced the merger in Feb. 1997, U.S. Robotics stock was trading at $61-62. At the exchange rate of 1.75 shares of 3Com stock, that 3Com stock is now worth ($30x1.75) $52.50. Ah yes, progress. Ditto for Cascade Communications. I didn't follow that one as closely, but I can assure you that at the time, Ascend was trading over $40 per share, and now sits in mid $20s. Ah yes, more progress. Except it doesn't feel like progress for people who had "invested" in USRX or CSCC. DK