10 JUNE 2000, Page 29

A game of one half G OODBYE to Thus, Kingston, Baltimore

and Psion. It was nice knowing you, howev- er briefly. fl , -e...Y. Like so many Barnsleys or Burn- ,,-...7 s. or Accrin(3) into the gton Stanleys, they rocketed 1 Le premier league and burned out. thluY three months ago these wonders of w e new economy joined the FT-SE Index, valued members are the 100 most highly baehled p British companies. Now they have ill,711 relegated again. Bad news for the I vest managers who try to match the thndex and therefore had to buy them when ienYp, were over-promoted. The old-fash- nCe' concept of value investment, which exn-ans . buYing cheap shares and selling back ones, or trying to, is sneaking uack into favour.