The flaw in your logic is that you're trying to compare a string to a value. Your IP octets are strings unless you convert them with Val().
The way to do it is as follows:
code:
$1st = Val(SUBSTR(@ipaddress0, 1, 3))
$2nd = Val(SUBSTR(@ipaddress0,5,3))
$3rd = Val(SUBSTR(@ipaddress0,9,3))
$4th = Val(SUBSTR(@ipaddress0,13,3))
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