Abstract
We prove that a separable Banach space does not contain a copy of the space $\co$ of null-sequences if and only if for every doubly power-bounded operator on and for every vector the relative compactness of the sets $\{T^{n+m}x-T^nx: n\in \NN\}$ (for some/all $m\in\NN$, ) and $\{T^nx:n\in \NN\}$ are equivalent. With the help of the Jacobs--de Leeuw--Glicksberg decomposition of strongly compact semigroups the case of (not necessarily invertible) power-bounded operators is also handled.
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