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COPYRIGHT 2001 The Miami Herald
Mar. 25--So you're feeling sorry for yourself because your nest egg has gotten whacked as the stock market has plunged. Well, don't expect any sympathy from some of South Florida's corporate bigwigs.
Just as stock prices of national companies have been reeling as the market has turned bearish, South Florida companies are feeling the pain. And that's translated into significant paper losses for some prominent local executives.
Michael Levy is chairman and chief executive of SportsLine.com, a Fort Lauderdale Internet company that's something of an anomaly in the dot-com world -- it's still in business. While other dot-coms have flamed out, SportsLine.com -- or more precisely, its stock -- has only been scorched.
From a 52-week peak of $45.25, SportsLine.com's stock has been in a virtual free-fall, closing at $3.84 Friday. Over that span, Levy has seen $50 million in value evaporate from his 1.2 million shares, which now are...
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