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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: Tim Luke who wrote (52870)8/27/1998 8:50:00 AM
From: tepli  Read Replies (2) of 61433
 
Tim and all,

Soros made a HUGE loss.

From todays Financial Times of London, a story about Russia bond losses:

"The losers include George Soros's investment funds, which admitted yesterday they had lost up to $2bn as a result of the Russian economic crisis.

The Russian loss is the largest suffered by Mr Soros's Quantum Group, said Stanley Druckenmiller, chief investment strategist at Soros Fund Management."

I hope they don't bail out ASND.

Regards,
tepli
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