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Technology Stocks : Ascend (ASND) descending?

ASND 213.29

0.0%

Jan 2 9:30 AM EST

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To: Robin who wrote (191)	6/24/1996 6:39:00 PM
From: Michael Norton	of 313

Dear Robin, I am a professional technology money manager in Santa Cruz and have been investing in the techs for my clients since they were private. I guess I am more impressed with the balance sheets of CSCC, PAIR and others compared to FORE. I personally own FORE Systems since the IPO and I am not happy versus other securities.My institutional clients prefer the WSTL's of the world, I just go my own way. Look at relevant strength etc. I tend to stick with my proprietary way of evaluating the techs- I will post later for everyone. I am currently buying PMTC, RMDY, LCOS, PSIX along with the decent IPO's. I am a buy and hold manager where I acquire the securities while private or IPO. I only sell when the investment matures-usually 2-3 years or when the growth or fundamentals slow down.I normally put 10-20M in each deal with an outcome of around 200M- examples ALTR, PMTC, AMER, etc. The problem with technology investors are that they concentrate on the technology and don't understand the markets. The market cannot price most of the techs correctly because Wall Street doesn't understand a NSCP versus MCD. Anyway, I am sorry about the comment. Michael

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