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Technology Stocks : Ascend Communications (ASND)
ASND 212.44-0.3%10:32 AM EST

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To: Tim Luke who wrote (30619)1/15/1998 5:47:00 PM
From: Dee Jay   of 61433
 
"Lehman Brothers analyst Tim Luke said 1998 capital spending is expected to grow at about 10 percent,excluding AT&T Corp (NYSE:T - news). Including AT&T, which is expected to trim expenses under its new Chairman C. Michael Armstrong, capital spending will grow about six percent, Luke said.

''There's not a major slowdown in spending. It will still be up over the prior year, but the growth may not be as strong as it has been,'' Luke said.

Luke said ADC's stock was especially hard-hit on Thursday because some investors were concerned that ADC would not hit some over-optimistic revenue targets."

How many hats do you wear? (source:http://biz.yahoo.com/finance/980115/adc_adct_o_1.html )
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