Inside the Numbers

These high market values as a percentage of book indicate that Wall Street thinks the companies have good prospects well beyond the liquidation value of their components.

Many of these companies are based on the knowledge of their employees or in the potential of an idea--neither of which can easily be sold at auction.

Falling Behind

The ranking of stock price loss is the opposite of the “Stock Price Gain” chart--these stocks lost the most stockholder value for the year ending April 19.

Some stocks may have been overpriced a year ago and others may be in companies that have floundered.

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Highest-Priced Companies

Companies ranked by market price as a percentage of book value.

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4-19-96 Market Mkt. value Book value value as Rank Company ($ millions) ($ millions) % of book 1 Forte Software Inc. 866.8 4.5 19,262 2 Pixar Animation Studios 785.1 4.4 17,843 3 Xylan Corp. 2,539.30 16.1 15,772 4 San Francisco Co. 302.7 2.4 12,613 5 National Education Corp. 478.6 4.7 10,183 6 AHI Healthcare Sys. 90.8 1 9,080 7 Objective Sys. Integrator 1,273.40 15.3 8,323 8 Protection One 187.5 2.5 7,500 9 Amati Communics. Corp. 230.8 3.6 6,411 10 Gemstar Intl. Gr. 862.8 14.5 5,950 11 Silicon Storage Tech. 334.3 6.9 4,845 12 Imatron Inc. 206.6 5.4 3,826 13 Cygnus Inc. 390.4 10.3 3,790 14 Advanced Polymer Sys. 171.4 5.2 3,296 15 IDEC Pharmaceuticals Corp 387.3 13.3 2,912 16 Netscape Communics. 4,304.70 166.8 2,581 17 VISX Inc. 469.9 18.6 2,526 18 Alliance Imaging Inc. 48.8 2 2,440 19 C-Cube Microsystems Inc. 1,688.30 71.4 2,365 20 McAfee Associates Inc. 1,166.70 49.5 2,357 21 Ascend Communics. 6,367.50 278.1 2,290 22 PeopleSoft Inc. 2,727.30 121.4 2,247 23 ESS Technology Inc. 682.7 33.9 2,014 24 HNC Software Inc. 533 27.3 1,952 25 Cadence Design Sys. 2,554.90 134.1 1,905

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Falling Behind

Companies ranked by percentage loss in stock price.

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% Change Price as 12-month 12-month Rank Company 52 Weeks of 4-19-96 high low 1 Kenetech Corporation -93 0.89 12.38 0.63 2 Hamburger Hamlet Rest. -90 0.5 5.75 0.31 3 Yes Clothing Company -90 0.88 8.5 0.88 4 Exstar Financial Corp. -88 0.5 4.75 0.5 5 Cinergi Pictures Enter. -86 1.5 11.25 1.06 6 Radius Inc. -76 2.38 14 0.94 7 Clothestime Inc., The -75 0.75 3.75 0.38 8 Weitek Corporation -75 1 6.88 1 9 AmeriQuest Techn. -74 0.81 3.25 0.63 10 Sanctuary Woods Multimed. -74 0.69 7.88 0.38 11 DNA Plant Technology Corp -73 0.66 2.88 0.59 12 AST Research Inc. -72 4.75 19.13 4.63 13 Kleer-Vu Inds. Inc. -70 2.63 9 2.13 14 Insurance Auto Auctions -68 9.75 33.75 6.5 15 Lottery Enterprises Inc. -67 0.81 2.63 0.5 16 Incomnet Inc. -67 4.63 24.5 2.5 17 Creative Computers Inc. -67 8.25 33 5.13 18 Meris Laboratories Inc. -66 1.5 5.5 0.75 19 Children’s Discov.Ctrs. -65 5.5 17.63 4 20 Harlyn Products Inc. -65 1.19 3.5 0.88 21 UNILAB Corp. -64 1.81 5.88 1.5 22 All-Comm Media Corp. -64 2.69 9.75 1.88 23 Information Storage Dev. -64 8.75 29.13 7.5 24 Alliance Semiconductor -61 10 48.25 8 25 OPTi Inc. -61 5.25 29 4.88

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Note: Does not include IPOs