I have an Excel workbook (XL 2K3) with several links to other workbooks. Even
though I have the "Save external link values" option selected, if I open that
workbook and choose not to update the links, then all the values disappear
and I get the #VALUE! error until I open up the source workbook.

This started happening only very recently; it used to work the way I expect,
and it only seems to happen to one workbook in particular.

Any suggestions?
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Hmm...they have the Internet on COMPUTERS now!