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To: Pierre-X who wrote (8224)	12/15/1997 3:00:00 PM
From: Sam	Respond to of 11057

Pierre, "I would be willing to wager Micropolis had positive BV to the bitter end." I doubt it. Micropolis was hanging by a thread when Singapore Tech bought them. And for years even before then. If ST hadn't bought them, they would have gone under then. But what I take to be your general point still holds. Book values for tech companies are not the same as book values were for smoke stack companies. When a lot of tech companies go under, there is usually either nothing at all (since all of the people assets have gone to greener pastures) or a lot of expensive equipment that is good for almost nothing. Obsolete. Sam